{ "service": "tubescribe-asr", "model": "large-v3-turbo", "model_source": "mobiuslabsgmbh/faster-whisper-large-v3-turbo", "revision": "0a363e9161cbc7ed1431c9597a8ceaf0c4f78fcf", "backend": "faster-whisper", "backend_version": "1.2.1", "ctranslate2_version": "4.8.2", "device": "cuda", "device_index": 0, "gpu_name": "NVIDIA GeForce RTX 4090", "gpu_memory_total_mib": 24564, "host": "BEAST-3", "compute_type": "float16", "concurrency": 1, "decoding": { "beam_size": 5, "vad_filter": true, "condition_on_previous_text": false, "word_timestamps": true }, "segments": [ { "start": 0.0, "end": 4.92, "text": "When does the debt matter? My answer is it has been mattering. The Fed's tools are just not", "speaker_id": "Speaker 1", "words": [ { "start": 0.0, "end": 0.28, "word": " When", "probability": 0.90576171875 }, { "start": 0.28, "end": 0.48, "word": " does", "probability": 1.0 }, { "start": 0.48, "end": 0.6, "word": " the", "probability": 0.99853515625 }, { "start": 0.6, "end": 0.8, "word": " debt", "probability": 1.0 }, { "start": 0.8, "end": 1.16, "word": " matter?", "probability": 1.0 }, { "start": 1.36, "end": 1.64, "word": " My", "probability": 0.9990234375 }, { "start": 1.64, "end": 2.12, "word": " answer", "probability": 0.99853515625 }, { "start": 2.12, "end": 2.24, "word": " is", "probability": 0.9990234375 }, { "start": 2.24, "end": 2.44, "word": " it", "probability": 0.8388671875 }, { "start": 2.44, "end": 2.72, "word": " has", "probability": 1.0 }, { "start": 2.72, "end": 2.88, "word": " been", "probability": 1.0 }, { "start": 2.88, "end": 3.3, "word": " mattering.", "probability": 0.9990234375 }, { "start": 3.48, "end": 3.58, "word": " The", "probability": 1.0 }, { "start": 3.58, "end": 3.9, "word": " Fed's", "probability": 0.996826171875 }, { "start": 3.9, "end": 4.26, "word": " tools", "probability": 1.0 }, { "start": 4.26, "end": 4.46, "word": " are", "probability": 1.0 }, { "start": 4.46, "end": 4.64, "word": " just", "probability": 1.0 }, { "start": 4.64, "end": 4.92, "word": " not", "probability": 1.0 } ] }, { "start": 4.92, "end": 9.5, "text": "geared toward this type of inflation. Being bearish on stocks basically means you're", "speaker_id": "Speaker 1", "words": [ { "start": 4.92, "end": 5.34, "word": " geared", "probability": 1.0 }, { "start": 5.34, "end": 5.78, "word": " toward", "probability": 0.99609375 }, { "start": 5.78, "end": 6.0, "word": " this", "probability": 1.0 }, { "start": 6.0, "end": 6.18, "word": " type", "probability": 1.0 }, { "start": 6.18, "end": 6.34, "word": " of", "probability": 1.0 }, { "start": 6.34, "end": 6.76, "word": " inflation.", "probability": 1.0 }, { "start": 7.04, "end": 7.24, "word": " Being", "probability": 0.99951171875 }, { "start": 7.24, "end": 7.78, "word": " bearish", "probability": 0.999755859375 }, { "start": 7.78, "end": 7.96, "word": " on", "probability": 1.0 }, { "start": 7.96, "end": 8.52, "word": " stocks", "probability": 1.0 }, { "start": 8.52, "end": 9.0, "word": " basically", "probability": 0.99951171875 }, { "start": 9.0, "end": 9.28, "word": " means", "probability": 1.0 }, { "start": 9.28, "end": 9.5, "word": " you're", "probability": 1.0 } ] }, { "start": 9.5, "end": 13.56, "text": "bullish on fiat. I write sci -fi because it feels more normal than reality.", "speaker_id": "Speaker 1", "words": [ { "start": 9.5, "end": 9.9, "word": " bullish", "probability": 1.0 }, { "start": 9.9, "end": 10.1, "word": " on", "probability": 1.0 }, { "start": 10.1, "end": 10.44, "word": " fiat.", "probability": 0.995849609375 }, { "start": 10.72, "end": 10.72, "word": " I", "probability": 0.99267578125 }, { "start": 10.72, "end": 10.94, "word": " write", "probability": 0.9990234375 }, { "start": 10.94, "end": 11.22, "word": " sci", "probability": 0.93701171875 }, { "start": 11.22, "end": 11.48, "word": "-fi", "probability": 0.991455078125 }, { "start": 11.48, "end": 11.82, "word": " because", "probability": 0.88671875 }, { "start": 11.82, "end": 12.0, "word": " it", "probability": 1.0 }, { "start": 12.0, "end": 12.2, "word": " feels", "probability": 1.0 }, { "start": 12.2, "end": 12.4, "word": " more", "probability": 1.0 }, { "start": 12.4, "end": 12.76, "word": " normal", "probability": 1.0 }, { "start": 12.76, "end": 13.1, "word": " than", "probability": 1.0 }, { "start": 13.1, "end": 13.56, "word": " reality.", "probability": 0.99951171875 } ] }, { "start": 18.59, "end": 21.27, "text": "Hey Lynn, great to see you. Thanks so much for joining us today.", "speaker_id": "Speaker 2", "words": [ { "start": 18.59, "end": 19.01, "word": " Hey", "probability": 0.8125 }, { "start": 19.01, "end": 19.19, "word": " Lynn,", "probability": 0.50048828125 }, { "start": 19.29, "end": 19.41, "word": " great", "probability": 1.0 }, { "start": 19.41, "end": 19.57, "word": " to", "probability": 1.0 }, { "start": 19.57, "end": 19.79, "word": " see", "probability": 1.0 }, { "start": 19.79, "end": 19.89, "word": " you.", "probability": 1.0 }, { "start": 19.99, "end": 20.11, "word": " Thanks", "probability": 1.0 }, { "start": 20.11, "end": 20.27, "word": " so", "probability": 1.0 }, { "start": 20.27, "end": 20.39, "word": " much", "probability": 1.0 }, { "start": 20.39, "end": 20.53, "word": " for", "probability": 1.0 }, { "start": 20.53, "end": 20.81, "word": " joining", "probability": 1.0 }, { "start": 20.81, "end": 21.01, "word": " us", "probability": 1.0 }, { "start": 21.01, "end": 21.27, "word": " today.", "probability": 1.0 } ] }, { "start": 21.65, "end": 22.83, "text": "Thanks for having me. Happy to be here.", "speaker_id": "Speaker 1", "words": [ { "start": 21.65, "end": 21.83, "word": " Thanks", "probability": 0.99951171875 }, { "start": 21.83, "end": 21.95, "word": " for", "probability": 1.0 }, { "start": 21.95, "end": 22.09, "word": " having", "probability": 1.0 }, { "start": 22.09, "end": 22.25, "word": " me.", "probability": 1.0 }, { "start": 22.33, "end": 22.43, "word": " Happy", "probability": 0.9384765625 }, { "start": 22.43, "end": 22.53, "word": " to", "probability": 1.0 }, { "start": 22.53, "end": 22.63, "word": " be", "probability": 1.0 }, { "start": 22.63, "end": 22.83, "word": " here.", "probability": 1.0 } ] }, { "start": 22.99, "end": 29.19, "text": "Part of your core thesis right now is that commodities and scarce assets are in a bull", "speaker_id": "Speaker 2", "words": [ { "start": 22.99, "end": 23.27, "word": " Part", "probability": 0.9990234375 }, { "start": 23.27, "end": 23.37, "word": " of", "probability": 1.0 }, { "start": 23.37, "end": 23.55, "word": " your", "probability": 1.0 }, { "start": 23.55, "end": 23.99, "word": " core", "probability": 1.0 }, { "start": 23.99, "end": 24.57, "word": " thesis", "probability": 1.0 }, { "start": 24.57, "end": 24.89, "word": " right", "probability": 1.0 }, { "start": 24.89, "end": 25.21, "word": " now", "probability": 1.0 }, { "start": 25.21, "end": 25.53, "word": " is", "probability": 1.0 }, { "start": 25.53, "end": 25.83, "word": " that", "probability": 1.0 }, { "start": 25.83, "end": 26.41, "word": " commodities", "probability": 0.99951171875 }, { "start": 26.41, "end": 26.79, "word": " and", "probability": 1.0 }, { "start": 26.79, "end": 27.17, "word": " scarce", "probability": 0.99951171875 }, { "start": 27.17, "end": 27.83, "word": " assets", "probability": 1.0 }, { "start": 28.37, "end": 28.81, "word": " are", "probability": 0.99951171875 }, { "start": 28.81, "end": 28.99, "word": " in", "probability": 0.9990234375 }, { "start": 28.99, "end": 29.09, "word": " a", "probability": 0.998046875 }, { "start": 29.09, "end": 29.19, "word": " bull", "probability": 0.998046875 } ] }, { "start": 29.19, "end": 30.95, "text": "market, are the place to be.", "speaker_id": "Speaker 2", "words": [ { "start": 29.19, "end": 29.63, "word": " market,", "probability": 1.0 }, { "start": 29.83, "end": 29.99, "word": " are", "probability": 0.9951171875 }, { "start": 29.99, "end": 30.37, "word": " the", "probability": 0.9990234375 }, { "start": 30.37, "end": 30.61, "word": " place", "probability": 1.0 }, { "start": 30.61, "end": 30.77, "word": " to", "probability": 1.0 }, { "start": 30.77, "end": 30.95, "word": " be.", "probability": 1.0 } ] }, { "start": 30.95, "end": 35.55, "text": "Yeah, I think so. I've been bullish on gold. That's somewhat separate from commodities", "speaker_id": "Speaker 1", "words": [ { "start": 30.95, "end": 31.53, "word": " Yeah,", "probability": 0.8994140625 }, { "start": 31.65, "end": 31.65, "word": " I", "probability": 1.0 }, { "start": 31.65, "end": 31.79, "word": " think", "probability": 1.0 }, { "start": 31.79, "end": 31.95, "word": " so.", "probability": 1.0 }, { "start": 32.13, "end": 32.49, "word": " I've", "probability": 0.995849609375 }, { "start": 32.49, "end": 32.57, "word": " been", "probability": 1.0 }, { "start": 32.57, "end": 32.81, "word": " bullish", "probability": 1.0 }, { "start": 32.81, "end": 32.97, "word": " on", "probability": 1.0 }, { "start": 32.97, "end": 33.31, "word": " gold.", "probability": 0.99951171875 }, { "start": 34.17, "end": 34.53, "word": " That's", "probability": 0.998779296875 }, { "start": 34.53, "end": 34.69, "word": " somewhat", "probability": 0.9970703125 }, { "start": 34.69, "end": 34.97, "word": " separate", "probability": 0.99951171875 }, { "start": 34.97, "end": 35.15, "word": " from", "probability": 1.0 }, { "start": 35.15, "end": 35.55, "word": " commodities", "probability": 1.0 } ] }, { "start": 35.55, "end": 40.15, "text": "because that's more of like a competing store of value with the treasury primarily. But I", "speaker_id": "Speaker 1", "words": [ { "start": 35.55, "end": 35.73, "word": " because", "probability": 0.85107421875 }, { "start": 35.73, "end": 35.89, "word": " that's", "probability": 1.0 }, { "start": 35.89, "end": 36.07, "word": " more", "probability": 1.0 }, { "start": 36.07, "end": 36.19, "word": " of", "probability": 0.998046875 }, { "start": 36.19, "end": 36.39, "word": " like", "probability": 0.63671875 }, { "start": 36.39, "end": 36.59, "word": " a", "probability": 0.99951171875 }, { "start": 36.59, "end": 37.09, "word": " competing", "probability": 1.0 }, { "start": 37.09, "end": 37.39, "word": " store", "probability": 0.99658203125 }, { "start": 37.39, "end": 37.57, "word": " of", "probability": 0.98291015625 }, { "start": 37.57, "end": 37.79, "word": " value", "probability": 1.0 }, { "start": 37.79, "end": 37.95, "word": " with", "probability": 1.0 }, { "start": 37.95, "end": 38.05, "word": " the", "probability": 1.0 }, { "start": 38.05, "end": 38.39, "word": " treasury", "probability": 0.62109375 }, { "start": 38.39, "end": 39.23, "word": " primarily.", "probability": 0.6357421875 }, { "start": 39.73, "end": 40.09, "word": " But", "probability": 0.9677734375 }, { "start": 40.09, "end": 40.15, "word": " I", "probability": 0.99951171875 } ] }, { "start": 40.15, "end": 43.57, "text": "think that bull market is – I mean, I think it got ahead of its skis for a period of time,", "speaker_id": "Speaker 1", "words": [ { "start": 40.15, "end": 40.27, "word": " think", "probability": 1.0 }, { "start": 40.27, "end": 40.45, "word": " that", "probability": 0.99853515625 }, { "start": 40.45, "end": 40.85, "word": " bull", "probability": 0.943359375 }, { "start": 40.85, "end": 41.19, "word": " market", "probability": 1.0 }, { "start": 41.19, "end": 41.47, "word": " is", "probability": 0.98388671875 }, { "start": 41.47, "end": 41.57, "word": " –", "probability": 0.4072265625 }, { "start": 41.57, "end": 41.67, "word": " I", "probability": 0.99951171875 }, { "start": 41.67, "end": 41.71, "word": " mean,", "probability": 0.947265625 }, { "start": 41.79, "end": 41.81, "word": " I", "probability": 0.998046875 }, { "start": 41.81, "end": 41.95, "word": " think", "probability": 1.0 }, { "start": 41.95, "end": 42.03, "word": " it", "probability": 0.99951171875 }, { "start": 42.03, "end": 42.11, "word": " got", "probability": 0.99951171875 }, { "start": 42.11, "end": 42.29, "word": " ahead", "probability": 1.0 }, { "start": 42.29, "end": 42.41, "word": " of", "probability": 0.99951171875 }, { "start": 42.41, "end": 42.53, "word": " its", "probability": 0.9990234375 }, { "start": 42.53, "end": 42.81, "word": " skis", "probability": 0.867431640625 }, { "start": 42.81, "end": 42.95, "word": " for", "probability": 1.0 }, { "start": 42.95, "end": 43.03, "word": " a", "probability": 1.0 }, { "start": 43.03, "end": 43.17, "word": " period", "probability": 1.0 }, { "start": 43.17, "end": 43.29, "word": " of", "probability": 1.0 }, { "start": 43.29, "end": 43.57, "word": " time,", "probability": 1.0 } ] }, { "start": 43.61, "end": 46.99, "text": "but I think it's still over the longer term on track.", "speaker_id": "Speaker 1", "words": [ { "start": 43.61, "end": 43.85, "word": " but", "probability": 1.0 }, { "start": 43.85, "end": 43.95, "word": " I", "probability": 1.0 }, { "start": 43.95, "end": 44.11, "word": " think", "probability": 1.0 }, { "start": 44.11, "end": 44.59, "word": " it's", "probability": 1.0 }, { "start": 44.59, "end": 44.93, "word": " still", "probability": 1.0 }, { "start": 44.93, "end": 45.81, "word": " over", "probability": 0.87353515625 }, { "start": 45.81, "end": 45.91, "word": " the", "probability": 1.0 }, { "start": 45.91, "end": 46.21, "word": " longer", "probability": 1.0 }, { "start": 46.21, "end": 46.45, "word": " term", "probability": 0.99658203125 }, { "start": 46.45, "end": 46.65, "word": " on", "probability": 1.0 }, { "start": 46.65, "end": 46.99, "word": " track.", "probability": 1.0 } ] }, { "start": 48.23, "end": 54.25, "text": "I think silver is a long -term beneficiary from these trends, potentially platinum, copper,", "speaker_id": "Speaker 1", "words": [ { "start": 48.23, "end": 48.67, "word": " I", "probability": 0.77294921875 }, { "start": 48.67, "end": 48.81, "word": " think", "probability": 0.99658203125 }, { "start": 48.81, "end": 49.15, "word": " silver", "probability": 0.9814453125 }, { "start": 49.15, "end": 49.27, "word": " is", "probability": 0.90771484375 }, { "start": 49.27, "end": 49.37, "word": " a", "probability": 0.99658203125 }, { "start": 49.37, "end": 49.53, "word": " long", "probability": 0.99853515625 }, { "start": 49.53, "end": 49.69, "word": "-term", "probability": 0.90185546875 }, { "start": 49.69, "end": 50.29, "word": " beneficiary", "probability": 0.9970703125 }, { "start": 50.29, "end": 50.49, "word": " from", "probability": 0.9951171875 }, { "start": 50.49, "end": 50.63, "word": " these", "probability": 0.9990234375 }, { "start": 50.63, "end": 51.03, "word": " trends,", "probability": 0.99951171875 }, { "start": 51.71, "end": 52.25, "word": " potentially", "probability": 0.9912109375 }, { "start": 52.25, "end": 52.75, "word": " platinum,", "probability": 0.990234375 }, { "start": 53.09, "end": 54.25, "word": " copper,", "probability": 0.99658203125 } ] }, { "start": 55.15, "end": 59.45, "text": "and I'm a long -term energy bull, and also just energy assets, even just assets that", "speaker_id": "Speaker 1", "words": [ { "start": 55.15, "end": 55.23, "word": " and", "probability": 0.93212890625 }, { "start": 55.23, "end": 55.67, "word": " I'm", "probability": 0.7822265625 }, { "start": 55.67, "end": 55.75, "word": " a", "probability": 0.99560546875 }, { "start": 55.75, "end": 55.97, "word": " long", "probability": 0.99951171875 }, { "start": 55.97, "end": 56.15, "word": "-term", "probability": 0.99853515625 }, { "start": 56.15, "end": 56.43, "word": " energy", "probability": 0.9990234375 }, { "start": 56.43, "end": 56.75, "word": " bull,", "probability": 0.95654296875 }, { "start": 56.93, "end": 57.15, "word": " and", "probability": 0.99951171875 }, { "start": 57.15, "end": 57.37, "word": " also", "probability": 0.99951171875 }, { "start": 57.37, "end": 57.55, "word": " just", "probability": 0.99853515625 }, { "start": 57.55, "end": 57.89, "word": " energy", "probability": 1.0 }, { "start": 57.89, "end": 58.37, "word": " assets,", "probability": 1.0 }, { "start": 58.47, "end": 58.61, "word": " even", "probability": 0.99951171875 }, { "start": 58.61, "end": 58.75, "word": " just", "probability": 0.99951171875 }, { "start": 58.75, "end": 59.19, "word": " assets", "probability": 1.0 }, { "start": 59.19, "end": 59.45, "word": " that", "probability": 1.0 } ] }, { "start": 59.45, "end": 65.05, "text": "transfer energy, for example, I think are going to be in demand for a very long period of", "speaker_id": "Speaker 1", "words": [ { "start": 59.45, "end": 60.11, "word": " transfer", "probability": 0.9970703125 }, { "start": 60.11, "end": 60.63, "word": " energy,", "probability": 1.0 }, { "start": 60.81, "end": 61.03, "word": " for", "probability": 0.99951171875 }, { "start": 61.03, "end": 61.41, "word": " example,", "probability": 1.0 }, { "start": 61.69, "end": 62.47, "word": " I", "probability": 0.998046875 }, { "start": 62.47, "end": 62.67, "word": " think", "probability": 1.0 }, { "start": 62.67, "end": 62.87, "word": " are", "probability": 0.99755859375 }, { "start": 62.87, "end": 63.25, "word": " going", "probability": 0.978515625 }, { "start": 63.25, "end": 63.31, "word": " to", "probability": 1.0 }, { "start": 63.31, "end": 63.41, "word": " be", "probability": 1.0 }, { "start": 63.41, "end": 63.51, "word": " in", "probability": 1.0 }, { "start": 63.51, "end": 63.79, "word": " demand", "probability": 0.99951171875 }, { "start": 63.79, "end": 64.07, "word": " for", "probability": 1.0 }, { "start": 64.07, "end": 64.35, "word": " a", "probability": 0.9990234375 }, { "start": 64.35, "end": 64.51, "word": " very", "probability": 0.99951171875 }, { "start": 64.51, "end": 64.71, "word": " long", "probability": 1.0 }, { "start": 64.71, "end": 64.93, "word": " period", "probability": 1.0 }, { "start": 64.93, "end": 65.05, "word": " of", "probability": 1.0 } ] }, { "start": 65.05, "end": 70.53, "text": "time. i invest in in places like brazil for example uh and sometimes it's not even a", "speaker_id": "Speaker 1", "words": [ { "start": 65.05, "end": 65.31, "word": " time.", "probability": 1.0 }, { "start": 65.31, "end": 66.07, "word": " i", "probability": 0.011871337890625 }, { "start": 66.07, "end": 66.35, "word": " invest", "probability": 0.97998046875 }, { "start": 66.35, "end": 66.65, "word": " in", "probability": 0.998046875 }, { "start": 66.65, "end": 66.89, "word": " in", "probability": 0.9560546875 }, { "start": 66.89, "end": 67.37, "word": " places", "probability": 1.0 }, { "start": 67.37, "end": 67.63, "word": " like", "probability": 1.0 }, { "start": 67.63, "end": 68.01, "word": " brazil", "probability": 0.998046875 }, { "start": 68.01, "end": 68.35, "word": " for", "probability": 1.0 }, { "start": 68.35, "end": 68.75, "word": " example", "probability": 1.0 }, { "start": 68.75, "end": 69.45, "word": " uh", "probability": 0.8720703125 }, { "start": 69.45, "end": 69.71, "word": " and", "probability": 1.0 }, { "start": 69.71, "end": 69.99, "word": " sometimes", "probability": 1.0 }, { "start": 69.99, "end": 70.19, "word": " it's", "probability": 0.9970703125 }, { "start": 70.19, "end": 70.27, "word": " not", "probability": 1.0 }, { "start": 70.27, "end": 70.39, "word": " even", "probability": 0.9990234375 }, { "start": 70.39, "end": 70.53, "word": " a", "probability": 0.99853515625 } ] }, { "start": 70.53, "end": 75.11, "text": "commodity trade it's like you know one of the best like my favorite trade in brazil has", "speaker_id": "Speaker 1", "words": [ { "start": 70.53, "end": 70.77, "word": " commodity", "probability": 0.99658203125 }, { "start": 70.77, "end": 71.09, "word": " trade", "probability": 0.9990234375 }, { "start": 71.09, "end": 71.33, "word": " it's", "probability": 0.99951171875 }, { "start": 71.33, "end": 71.49, "word": " like", "probability": 0.99560546875 }, { "start": 71.49, "end": 71.85, "word": " you", "probability": 0.9892578125 }, { "start": 71.85, "end": 71.91, "word": " know", "probability": 0.99462890625 }, { "start": 71.91, "end": 72.05, "word": " one", "probability": 0.99951171875 }, { "start": 72.05, "end": 72.13, "word": " of", "probability": 1.0 }, { "start": 72.13, "end": 72.21, "word": " the", "probability": 0.99609375 }, { "start": 72.21, "end": 72.43, "word": " best", "probability": 0.99951171875 }, { "start": 72.43, "end": 73.07, "word": " like", "probability": 0.99365234375 }, { "start": 73.07, "end": 73.21, "word": " my", "probability": 1.0 }, { "start": 73.21, "end": 73.45, "word": " favorite", "probability": 1.0 }, { "start": 73.45, "end": 73.67, "word": " trade", "probability": 0.9990234375 }, { "start": 73.67, "end": 73.81, "word": " in", "probability": 0.99951171875 }, { "start": 73.81, "end": 74.17, "word": " brazil", "probability": 0.999755859375 }, { "start": 74.17, "end": 75.11, "word": " has", "probability": 1.0 } ] }, { "start": 75.11, "end": 81.93, "text": "been owning their biggest bank and it outperforms the index um uh and uh so like there's", "speaker_id": "Speaker 1", "words": [ { "start": 75.11, "end": 75.21, "word": " been", "probability": 1.0 }, { "start": 75.21, "end": 75.53, "word": " owning", "probability": 0.99951171875 }, { "start": 75.53, "end": 75.73, "word": " their", "probability": 1.0 }, { "start": 75.73, "end": 76.07, "word": " biggest", "probability": 0.99951171875 }, { "start": 76.07, "end": 76.45, "word": " bank", "probability": 0.99951171875 }, { "start": 76.45, "end": 76.83, "word": " and", "probability": 0.97412109375 }, { "start": 76.83, "end": 77.15, "word": " it", "probability": 1.0 }, { "start": 77.15, "end": 77.77, "word": " outperforms", "probability": 0.9967447916666666 }, { "start": 77.77, "end": 77.87, "word": " the", "probability": 0.9970703125 }, { "start": 77.87, "end": 78.25, "word": " index", "probability": 0.99267578125 }, { "start": 78.25, "end": 79.25, "word": " um", "probability": 0.990234375 }, { "start": 79.25, "end": 79.71, "word": " uh", "probability": 0.99169921875 }, { "start": 79.71, "end": 80.35, "word": " and", "probability": 1.0 }, { "start": 80.35, "end": 80.69, "word": " uh", "probability": 0.9990234375 }, { "start": 80.69, "end": 81.23, "word": " so", "probability": 1.0 }, { "start": 81.23, "end": 81.49, "word": " like", "probability": 1.0 }, { "start": 81.49, "end": 81.93, "word": " there's", "probability": 0.999755859375 } ] }, { "start": 81.93, "end": 87.67, "text": "kind of associated ways to kind of be adjacent to that that whole trend uh but it's the", "speaker_id": "Speaker 1", "words": [ { "start": 81.93, "end": 82.09, "word": " kind", "probability": 1.0 }, { "start": 82.09, "end": 82.21, "word": " of", "probability": 0.99951171875 }, { "start": 82.21, "end": 83.51, "word": " associated", "probability": 0.9990234375 }, { "start": 83.51, "end": 83.89, "word": " ways", "probability": 1.0 }, { "start": 83.89, "end": 84.09, "word": " to", "probability": 1.0 }, { "start": 84.09, "end": 84.25, "word": " kind", "probability": 1.0 }, { "start": 84.25, "end": 84.39, "word": " of", "probability": 0.9990234375 }, { "start": 84.39, "end": 84.65, "word": " be", "probability": 1.0 }, { "start": 84.65, "end": 85.07, "word": " adjacent", "probability": 1.0 }, { "start": 85.07, "end": 85.29, "word": " to", "probability": 0.99951171875 }, { "start": 85.29, "end": 85.45, "word": " that", "probability": 1.0 }, { "start": 85.45, "end": 85.67, "word": " that", "probability": 0.9912109375 }, { "start": 85.67, "end": 85.85, "word": " whole", "probability": 1.0 }, { "start": 85.85, "end": 86.21, "word": " trend", "probability": 0.99853515625 }, { "start": 86.21, "end": 86.99, "word": " uh", "probability": 0.99072265625 }, { "start": 86.99, "end": 87.45, "word": " but", "probability": 1.0 }, { "start": 87.45, "end": 87.61, "word": " it's", "probability": 1.0 }, { "start": 87.61, "end": 87.67, "word": " the", "probability": 0.998046875 } ] }, { "start": 87.67, "end": 91.85, "text": "idea that capital was primarily going to like non -resource things and now it is going", "speaker_id": "Speaker 1", "words": [ { "start": 87.67, "end": 87.93, "word": " idea", "probability": 0.998046875 }, { "start": 87.93, "end": 88.11, "word": " that", "probability": 1.0 }, { "start": 88.11, "end": 88.49, "word": " capital", "probability": 0.99951171875 }, { "start": 88.49, "end": 88.89, "word": " was", "probability": 1.0 }, { "start": 88.89, "end": 89.29, "word": " primarily", "probability": 1.0 }, { "start": 89.29, "end": 89.71, "word": " going", "probability": 1.0 }, { "start": 89.71, "end": 89.93, "word": " to", "probability": 1.0 }, { "start": 89.93, "end": 90.07, "word": " like", "probability": 0.9970703125 }, { "start": 90.07, "end": 90.25, "word": " non", "probability": 0.9990234375 }, { "start": 90.25, "end": 90.71, "word": "-resource", "probability": 0.9864908854166666 }, { "start": 90.71, "end": 90.99, "word": " things", "probability": 1.0 }, { "start": 90.99, "end": 91.19, "word": " and", "probability": 1.0 }, { "start": 91.19, "end": 91.35, "word": " now", "probability": 1.0 }, { "start": 91.35, "end": 91.51, "word": " it", "probability": 1.0 }, { "start": 91.51, "end": 91.65, "word": " is", "probability": 1.0 }, { "start": 91.65, "end": 91.85, "word": " going", "probability": 1.0 } ] }, { "start": 91.85, "end": 96.87, "text": "toward resource things and there's a broad way of playing it. And I do think that that need", "speaker_id": "Speaker 1", "words": [ { "start": 91.85, "end": 92.03, "word": " toward", "probability": 0.92041015625 }, { "start": 92.03, "end": 92.41, "word": " resource", "probability": 0.697265625 }, { "start": 92.41, "end": 92.71, "word": " things", "probability": 1.0 }, { "start": 92.71, "end": 92.89, "word": " and", "probability": 0.80224609375 }, { "start": 92.89, "end": 93.25, "word": " there's", "probability": 0.9990234375 }, { "start": 93.25, "end": 93.33, "word": " a", "probability": 0.98828125 }, { "start": 93.33, "end": 93.65, "word": " broad", "probability": 0.998046875 }, { "start": 93.65, "end": 93.87, "word": " way", "probability": 0.99951171875 }, { "start": 93.87, "end": 94.03, "word": " of", "probability": 1.0 }, { "start": 94.03, "end": 94.33, "word": " playing", "probability": 0.99951171875 }, { "start": 94.33, "end": 94.57, "word": " it.", "probability": 0.943359375 }, { "start": 94.73, "end": 95.07, "word": " And", "probability": 0.97509765625 }, { "start": 95.07, "end": 95.25, "word": " I", "probability": 1.0 }, { "start": 95.25, "end": 95.39, "word": " do", "probability": 1.0 }, { "start": 95.39, "end": 95.53, "word": " think", "probability": 1.0 }, { "start": 95.53, "end": 95.69, "word": " that", "probability": 1.0 }, { "start": 95.69, "end": 95.91, "word": " that", "probability": 0.982421875 }, { "start": 95.91, "end": 96.87, "word": " need", "probability": 0.68359375 } ] }, { "start": 96.87, "end": 98.55, "text": "will exist for a long period of time.", "speaker_id": "Speaker 1", "words": [ { "start": 96.87, "end": 97.31, "word": " will", "probability": 1.0 }, { "start": 97.31, "end": 97.63, "word": " exist", "probability": 1.0 }, { "start": 97.63, "end": 97.81, "word": " for", "probability": 1.0 }, { "start": 97.81, "end": 97.93, "word": " a", "probability": 1.0 }, { "start": 97.93, "end": 98.05, "word": " long", "probability": 1.0 }, { "start": 98.05, "end": 98.23, "word": " period", "probability": 1.0 }, { "start": 98.23, "end": 98.37, "word": " of", "probability": 1.0 }, { "start": 98.37, "end": 98.55, "word": " time.", "probability": 1.0 } ] }, { "start": 98.79, "end": 103.95, "text": "We ask the experts closest to the real economy to make sense of it. The people who build,", "speaker_id": "Speaker 2", "words": [ { "start": 98.79, "end": 99.25, "word": " We", "probability": 0.97314453125 }, { "start": 99.25, "end": 99.53, "word": " ask", "probability": 0.5869140625 }, { "start": 99.53, "end": 99.71, "word": " the", "probability": 1.0 }, { "start": 99.71, "end": 100.27, "word": " experts", "probability": 1.0 }, { "start": 100.27, "end": 100.81, "word": " closest", "probability": 0.99951171875 }, { "start": 100.81, "end": 101.07, "word": " to", "probability": 1.0 }, { "start": 101.07, "end": 101.19, "word": " the", "probability": 1.0 }, { "start": 101.19, "end": 101.45, "word": " real", "probability": 0.9990234375 }, { "start": 101.45, "end": 101.89, "word": " economy", "probability": 1.0 }, { "start": 101.89, "end": 102.11, "word": " to", "probability": 0.99951171875 }, { "start": 102.11, "end": 102.27, "word": " make", "probability": 1.0 }, { "start": 102.27, "end": 102.55, "word": " sense", "probability": 0.99951171875 }, { "start": 102.55, "end": 102.71, "word": " of", "probability": 1.0 }, { "start": 102.71, "end": 102.81, "word": " it.", "probability": 0.99560546875 }, { "start": 102.93, "end": 102.99, "word": " The", "probability": 0.9990234375 }, { "start": 102.99, "end": 103.25, "word": " people", "probability": 0.99951171875 }, { "start": 103.25, "end": 103.43, "word": " who", "probability": 1.0 }, { "start": 103.43, "end": 103.95, "word": " build,", "probability": 0.99658203125 } ] }, { "start": 104.31, "end": 109.71, "text": "mine, and power real assets and put their own capital behind them. Then we connect the dots", "speaker_id": "Speaker 2", "words": [ { "start": 104.31, "end": 104.57, "word": " mine,", "probability": 0.9970703125 }, { "start": 104.75, "end": 104.99, "word": " and", "probability": 0.9609375 }, { "start": 104.99, "end": 105.47, "word": " power", "probability": 0.99951171875 }, { "start": 105.47, "end": 105.81, "word": " real", "probability": 0.99951171875 }, { "start": 105.81, "end": 106.27, "word": " assets", "probability": 1.0 }, { "start": 106.27, "end": 106.71, "word": " and", "probability": 0.9853515625 }, { "start": 106.71, "end": 106.93, "word": " put", "probability": 1.0 }, { "start": 106.93, "end": 107.13, "word": " their", "probability": 1.0 }, { "start": 107.13, "end": 107.37, "word": " own", "probability": 0.99951171875 }, { "start": 107.37, "end": 107.77, "word": " capital", "probability": 1.0 }, { "start": 107.77, "end": 108.13, "word": " behind", "probability": 1.0 }, { "start": 108.13, "end": 108.45, "word": " them.", "probability": 1.0 }, { "start": 108.57, "end": 108.73, "word": " Then", "probability": 0.99951171875 }, { "start": 108.73, "end": 108.91, "word": " we", "probability": 0.99951171875 }, { "start": 108.91, "end": 109.21, "word": " connect", "probability": 1.0 }, { "start": 109.21, "end": 109.37, "word": " the", "probability": 1.0 }, { "start": 109.37, "end": 109.71, "word": " dots", "probability": 0.99951171875 } ] }, { "start": 109.71, "end": 115.03, "text": "and tell you what it means for your money. Wealthion. So let's talk about that", "speaker_id": "Speaker 2", "words": [ { "start": 109.71, "end": 110.13, "word": " and", "probability": 1.0 }, { "start": 110.13, "end": 110.33, "word": " tell", "probability": 0.99951171875 }, { "start": 110.33, "end": 110.69, "word": " you", "probability": 1.0 }, { "start": 110.69, "end": 110.99, "word": " what", "probability": 1.0 }, { "start": 110.99, "end": 111.09, "word": " it", "probability": 0.99951171875 }, { "start": 111.09, "end": 111.37, "word": " means", "probability": 0.99951171875 }, { "start": 111.37, "end": 111.57, "word": " for", "probability": 1.0 }, { "start": 111.57, "end": 111.71, "word": " your", "probability": 0.99853515625 }, { "start": 111.71, "end": 112.01, "word": " money.", "probability": 0.998046875 }, { "start": 112.65, "end": 113.13, "word": " Wealthion.", "probability": 0.7705078125 }, { "start": 113.91, "end": 114.33, "word": " So", "probability": 0.98974609375 }, { "start": 114.33, "end": 114.57, "word": " let's", "probability": 0.985107421875 }, { "start": 114.57, "end": 114.71, "word": " talk", "probability": 1.0 }, { "start": 114.71, "end": 114.89, "word": " about", "probability": 0.99951171875 }, { "start": 114.89, "end": 115.03, "word": " that", "probability": 0.99853515625 } ] }, { "start": 115.03, "end": 121.33, "text": "macroeconomic backdrop. So we have CPI, PPI readings coming out. I mean, we've been above", "speaker_id": "Speaker 2", "words": [ { "start": 115.03, "end": 116.39, "word": " macroeconomic", "probability": 0.99609375 }, { "start": 116.39, "end": 116.79, "word": " backdrop.", "probability": 1.0 }, { "start": 117.05, "end": 117.19, "word": " So", "probability": 0.99560546875 }, { "start": 117.19, "end": 117.65, "word": " we", "probability": 0.9990234375 }, { "start": 117.65, "end": 117.77, "word": " have", "probability": 1.0 }, { "start": 117.77, "end": 118.23, "word": " CPI,", "probability": 0.9990234375 }, { "start": 118.33, "end": 118.59, "word": " PPI", "probability": 0.998046875 }, { "start": 118.59, "end": 119.15, "word": " readings", "probability": 0.99951171875 }, { "start": 119.15, "end": 119.95, "word": " coming", "probability": 0.99951171875 }, { "start": 119.95, "end": 120.33, "word": " out.", "probability": 1.0 }, { "start": 120.53, "end": 120.53, "word": " I", "probability": 0.96875 }, { "start": 120.53, "end": 120.59, "word": " mean,", "probability": 0.9990234375 }, { "start": 120.69, "end": 120.77, "word": " we've", "probability": 0.999755859375 }, { "start": 120.77, "end": 120.87, "word": " been", "probability": 0.99951171875 }, { "start": 120.87, "end": 121.33, "word": " above", "probability": 0.984375 } ] }, { "start": 121.33, "end": 127.01, "text": "the Fed's target rate for like 66 months, right? Should the Fed officially abandon this?", "speaker_id": "Speaker 2", "words": [ { "start": 121.33, "end": 121.55, "word": " the", "probability": 0.99951171875 }, { "start": 121.55, "end": 121.89, "word": " Fed's", "probability": 0.989990234375 }, { "start": 121.89, "end": 122.23, "word": " target", "probability": 0.9990234375 }, { "start": 122.23, "end": 122.43, "word": " rate", "probability": 0.99853515625 }, { "start": 122.43, "end": 122.55, "word": " for", "probability": 1.0 }, { "start": 122.55, "end": 122.65, "word": " like", "probability": 0.9921875 }, { "start": 122.65, "end": 123.09, "word": " 66", "probability": 0.99853515625 }, { "start": 123.09, "end": 123.77, "word": " months,", "probability": 0.99951171875 }, { "start": 123.97, "end": 124.05, "word": " right?", "probability": 0.99658203125 }, { "start": 124.05, "end": 124.25, "word": " Should", "probability": 0.91064453125 }, { "start": 124.25, "end": 125.35, "word": " the", "probability": 0.9482421875 }, { "start": 125.35, "end": 125.51, "word": " Fed", "probability": 0.994140625 }, { "start": 125.51, "end": 126.23, "word": " officially", "probability": 0.98779296875 }, { "start": 126.23, "end": 126.71, "word": " abandon", "probability": 0.99951171875 }, { "start": 126.71, "end": 127.01, "word": " this?", "probability": 1.0 } ] }, { "start": 127.11, "end": 130.27, "text": "What is the new norm for inflation? How are you thinking about that?", "speaker_id": "Speaker 2", "words": [ { "start": 127.11, "end": 127.41, "word": " What", "probability": 0.53857421875 }, { "start": 127.41, "end": 127.65, "word": " is", "probability": 1.0 }, { "start": 127.65, "end": 127.81, "word": " the", "probability": 1.0 }, { "start": 127.81, "end": 128.03, "word": " new", "probability": 1.0 }, { "start": 128.03, "end": 128.37, "word": " norm", "probability": 1.0 }, { "start": 128.37, "end": 128.57, "word": " for", "probability": 1.0 }, { "start": 128.57, "end": 129.01, "word": " inflation?", "probability": 1.0 }, { "start": 129.19, "end": 129.31, "word": " How", "probability": 1.0 }, { "start": 129.31, "end": 129.45, "word": " are", "probability": 1.0 }, { "start": 129.45, "end": 129.55, "word": " you", "probability": 1.0 }, { "start": 129.55, "end": 129.79, "word": " thinking", "probability": 1.0 }, { "start": 129.79, "end": 130.05, "word": " about", "probability": 1.0 }, { "start": 130.05, "end": 130.27, "word": " that?", "probability": 1.0 } ] }, { "start": 130.49, "end": 134.37, "text": "I don't think they should abandon it, but I think the challenge is that the Fed's tools are", "speaker_id": "Speaker 1", "words": [ { "start": 130.49, "end": 130.61, "word": " I", "probability": 0.986328125 }, { "start": 130.61, "end": 130.71, "word": " don't", "probability": 0.999755859375 }, { "start": 130.71, "end": 130.83, "word": " think", "probability": 1.0 }, { "start": 130.83, "end": 130.97, "word": " they", "probability": 1.0 }, { "start": 130.97, "end": 131.11, "word": " should", "probability": 1.0 }, { "start": 131.11, "end": 131.45, "word": " abandon", "probability": 1.0 }, { "start": 131.45, "end": 131.63, "word": " it,", "probability": 1.0 }, { "start": 131.67, "end": 131.75, "word": " but", "probability": 1.0 }, { "start": 131.75, "end": 131.83, "word": " I", "probability": 1.0 }, { "start": 131.83, "end": 131.95, "word": " think", "probability": 1.0 }, { "start": 131.95, "end": 132.09, "word": " the", "probability": 1.0 }, { "start": 132.09, "end": 132.61, "word": " challenge", "probability": 1.0 }, { "start": 132.61, "end": 133.11, "word": " is", "probability": 1.0 }, { "start": 133.11, "end": 133.31, "word": " that", "probability": 1.0 }, { "start": 133.31, "end": 133.47, "word": " the", "probability": 1.0 }, { "start": 133.47, "end": 133.81, "word": " Fed's", "probability": 0.999755859375 }, { "start": 133.81, "end": 134.15, "word": " tools", "probability": 1.0 }, { "start": 134.15, "end": 134.37, "word": " are", "probability": 1.0 } ] }, { "start": 134.37, "end": 139.31, "text": "just not geared toward this type of inflation. And so, I mean, the point that I've made a", "speaker_id": "Speaker 1", "words": [ { "start": 134.37, "end": 134.53, "word": " just", "probability": 1.0 }, { "start": 134.53, "end": 134.85, "word": " not", "probability": 1.0 }, { "start": 134.85, "end": 135.25, "word": " geared", "probability": 1.0 }, { "start": 135.25, "end": 135.67, "word": " toward", "probability": 0.9990234375 }, { "start": 135.67, "end": 135.91, "word": " this", "probability": 1.0 }, { "start": 135.91, "end": 136.09, "word": " type", "probability": 1.0 }, { "start": 136.09, "end": 136.25, "word": " of", "probability": 1.0 }, { "start": 136.25, "end": 136.71, "word": " inflation.", "probability": 1.0 }, { "start": 137.55, "end": 137.99, "word": " And", "probability": 0.41943359375 }, { "start": 137.99, "end": 138.27, "word": " so,", "probability": 0.9931640625 }, { "start": 138.37, "end": 138.43, "word": " I", "probability": 0.99365234375 }, { "start": 138.43, "end": 138.51, "word": " mean,", "probability": 1.0 }, { "start": 138.55, "end": 138.63, "word": " the", "probability": 1.0 }, { "start": 138.63, "end": 138.81, "word": " point", "probability": 1.0 }, { "start": 138.81, "end": 138.91, "word": " that", "probability": 1.0 }, { "start": 138.91, "end": 139.07, "word": " I've", "probability": 0.99951171875 }, { "start": 139.07, "end": 139.19, "word": " made", "probability": 1.0 }, { "start": 139.19, "end": 139.31, "word": " a", "probability": 1.0 } ] }, { "start": 139.31, "end": 143.91, "text": "lot in macro is that we're in fiscal dominance now, not monetary dominance. And basically", "speaker_id": "Speaker 1", "words": [ { "start": 139.31, "end": 139.45, "word": " lot", "probability": 1.0 }, { "start": 139.45, "end": 139.59, "word": " in", "probability": 0.9990234375 }, { "start": 139.59, "end": 139.87, "word": " macro", "probability": 0.982421875 }, { "start": 139.87, "end": 140.05, "word": " is", "probability": 1.0 }, { "start": 140.05, "end": 140.15, "word": " that", "probability": 0.99951171875 }, { "start": 140.15, "end": 140.35, "word": " we're", "probability": 1.0 }, { "start": 140.35, "end": 140.69, "word": " in", "probability": 0.99951171875 }, { "start": 140.69, "end": 140.99, "word": " fiscal", "probability": 0.99951171875 }, { "start": 140.99, "end": 141.39, "word": " dominance", "probability": 1.0 }, { "start": 141.39, "end": 141.61, "word": " now,", "probability": 1.0 }, { "start": 141.71, "end": 141.85, "word": " not", "probability": 1.0 }, { "start": 141.85, "end": 142.25, "word": " monetary", "probability": 1.0 }, { "start": 142.25, "end": 142.69, "word": " dominance.", "probability": 1.0 }, { "start": 143.27, "end": 143.71, "word": " And", "probability": 0.9990234375 }, { "start": 143.71, "end": 143.91, "word": " basically", "probability": 0.9990234375 } ] }, { "start": 143.91, "end": 148.59, "text": "what that means is, so the Fed's primary tools, especially interest rates, but also to some", "speaker_id": "Speaker 1", "words": [ { "start": 143.91, "end": 144.07, "word": " what", "probability": 0.9580078125 }, { "start": 144.07, "end": 144.19, "word": " that", "probability": 1.0 }, { "start": 144.19, "end": 144.45, "word": " means", "probability": 1.0 }, { "start": 144.45, "end": 144.59, "word": " is,", "probability": 1.0 }, { "start": 144.67, "end": 144.77, "word": " so", "probability": 0.9931640625 }, { "start": 144.77, "end": 145.45, "word": " the", "probability": 0.88037109375 }, { "start": 145.45, "end": 145.79, "word": " Fed's", "probability": 1.0 }, { "start": 145.79, "end": 146.13, "word": " primary", "probability": 1.0 }, { "start": 146.13, "end": 146.55, "word": " tools,", "probability": 1.0 }, { "start": 146.81, "end": 147.15, "word": " especially", "probability": 0.99951171875 }, { "start": 147.15, "end": 147.41, "word": " interest", "probability": 0.998046875 }, { "start": 147.41, "end": 147.73, "word": " rates,", "probability": 1.0 }, { "start": 147.89, "end": 147.95, "word": " but", "probability": 0.99951171875 }, { "start": 147.95, "end": 148.19, "word": " also", "probability": 1.0 }, { "start": 148.19, "end": 148.41, "word": " to", "probability": 0.9501953125 }, { "start": 148.41, "end": 148.59, "word": " some", "probability": 1.0 } ] }, { "start": 148.59, "end": 154.95, "text": "extent, the balance sheet, are meant to encourage more bank lending or discourage bank", "speaker_id": "Speaker 1", "words": [ { "start": 148.59, "end": 148.79, "word": " extent,", "probability": 1.0 }, { "start": 148.87, "end": 148.95, "word": " the", "probability": 0.9990234375 }, { "start": 148.95, "end": 149.21, "word": " balance", "probability": 0.99951171875 }, { "start": 149.21, "end": 149.47, "word": " sheet,", "probability": 0.99951171875 }, { "start": 149.65, "end": 150.19, "word": " are", "probability": 0.99951171875 }, { "start": 150.19, "end": 150.49, "word": " meant", "probability": 1.0 }, { "start": 150.49, "end": 150.93, "word": " to", "probability": 1.0 }, { "start": 150.93, "end": 152.01, "word": " encourage", "probability": 0.99951171875 }, { "start": 152.01, "end": 152.33, "word": " more", "probability": 1.0 }, { "start": 152.33, "end": 152.63, "word": " bank", "probability": 1.0 }, { "start": 152.63, "end": 152.93, "word": " lending", "probability": 0.99951171875 }, { "start": 153.79, "end": 154.23, "word": " or", "probability": 0.9609375 }, { "start": 154.23, "end": 154.67, "word": " discourage", "probability": 0.998046875 }, { "start": 154.67, "end": 154.95, "word": " bank", "probability": 0.99951171875 } ] }, { "start": 154.95, "end": 159.33, "text": "lending and make it tighter. So, I mean, the obvious example is if interest rates get super", "speaker_id": "Speaker 1", "words": [ { "start": 154.95, "end": 155.19, "word": " lending", "probability": 0.99951171875 }, { "start": 155.19, "end": 155.37, "word": " and", "probability": 0.9970703125 }, { "start": 155.37, "end": 155.51, "word": " make", "probability": 1.0 }, { "start": 155.51, "end": 155.61, "word": " it", "probability": 1.0 }, { "start": 155.61, "end": 155.93, "word": " tighter.", "probability": 1.0 }, { "start": 156.61, "end": 156.93, "word": " So,", "probability": 0.68115234375 }, { "start": 157.05, "end": 157.07, "word": " I", "probability": 0.9833984375 }, { "start": 157.07, "end": 157.19, "word": " mean,", "probability": 1.0 }, { "start": 157.29, "end": 157.47, "word": " the", "probability": 1.0 }, { "start": 157.47, "end": 157.71, "word": " obvious", "probability": 0.99755859375 }, { "start": 157.71, "end": 158.15, "word": " example", "probability": 0.9853515625 }, { "start": 158.15, "end": 158.31, "word": " is", "probability": 1.0 }, { "start": 158.31, "end": 158.57, "word": " if", "probability": 0.95068359375 }, { "start": 158.57, "end": 158.77, "word": " interest", "probability": 0.396728515625 }, { "start": 158.77, "end": 158.95, "word": " rates", "probability": 0.9990234375 }, { "start": 158.95, "end": 159.07, "word": " get", "probability": 0.95703125 }, { "start": 159.07, "end": 159.33, "word": " super", "probability": 1.0 } ] }, { "start": 159.33, "end": 164.21, "text": "high, fewer people are likely going to, you know, take out a really big mortgage and", "speaker_id": "Speaker 1", "words": [ { "start": 159.33, "end": 159.77, "word": " high,", "probability": 1.0 }, { "start": 160.33, "end": 160.67, "word": " fewer", "probability": 0.98046875 }, { "start": 160.67, "end": 160.95, "word": " people", "probability": 1.0 }, { "start": 160.95, "end": 161.09, "word": " are", "probability": 1.0 }, { "start": 161.09, "end": 161.37, "word": " likely", "probability": 1.0 }, { "start": 161.37, "end": 161.55, "word": " going", "probability": 0.78955078125 }, { "start": 161.55, "end": 161.79, "word": " to,", "probability": 1.0 }, { "start": 161.79, "end": 162.05, "word": " you", "probability": 0.99609375 }, { "start": 162.05, "end": 162.17, "word": " know,", "probability": 1.0 }, { "start": 162.77, "end": 162.91, "word": " take", "probability": 0.9990234375 }, { "start": 162.91, "end": 163.01, "word": " out", "probability": 0.99951171875 }, { "start": 163.01, "end": 163.09, "word": " a", "probability": 1.0 }, { "start": 163.09, "end": 163.21, "word": " really", "probability": 1.0 }, { "start": 163.21, "end": 163.37, "word": " big", "probability": 1.0 }, { "start": 163.37, "end": 163.71, "word": " mortgage", "probability": 1.0 }, { "start": 163.71, "end": 164.21, "word": " and", "probability": 0.99853515625 } ] }, { "start": 164.21, "end": 168.71, "text": "overpay for the next house, right? They're going to be more conservative with their housing", "speaker_id": "Speaker 1", "words": [ { "start": 164.21, "end": 165.29, "word": " overpay", "probability": 0.99755859375 }, { "start": 165.29, "end": 165.43, "word": " for", "probability": 0.97998046875 }, { "start": 165.43, "end": 165.51, "word": " the", "probability": 0.93798828125 }, { "start": 165.51, "end": 165.63, "word": " next", "probability": 1.0 }, { "start": 165.63, "end": 166.01, "word": " house,", "probability": 0.99951171875 }, { "start": 166.21, "end": 166.31, "word": " right?", "probability": 1.0 }, { "start": 166.39, "end": 166.51, "word": " They're", "probability": 0.999267578125 }, { "start": 166.51, "end": 166.57, "word": " going", "probability": 0.99609375 }, { "start": 166.57, "end": 166.65, "word": " to", "probability": 1.0 }, { "start": 166.65, "end": 167.03, "word": " be", "probability": 0.9873046875 }, { "start": 167.03, "end": 167.57, "word": " more", "probability": 1.0 }, { "start": 167.57, "end": 168.05, "word": " conservative", "probability": 1.0 }, { "start": 168.05, "end": 168.27, "word": " with", "probability": 1.0 }, { "start": 168.27, "end": 168.41, "word": " their", "probability": 1.0 }, { "start": 168.41, "end": 168.71, "word": " housing", "probability": 0.99951171875 } ] }, { "start": 168.71, "end": 173.91, "text": "decisions. And also that just throughout the economy, that'll trickle out in various ways.", "speaker_id": "Speaker 1", "words": [ { "start": 168.71, "end": 169.25, "word": " decisions.", "probability": 1.0 }, { "start": 169.57, "end": 170.01, "word": " And", "probability": 0.99951171875 }, { "start": 170.01, "end": 170.81, "word": " also", "probability": 0.9794921875 }, { "start": 170.81, "end": 171.05, "word": " that", "probability": 0.71923828125 }, { "start": 171.05, "end": 171.51, "word": " just", "probability": 0.9814453125 }, { "start": 171.51, "end": 171.77, "word": " throughout", "probability": 1.0 }, { "start": 171.77, "end": 171.93, "word": " the", "probability": 1.0 }, { "start": 171.93, "end": 172.25, "word": " economy,", "probability": 1.0 }, { "start": 172.35, "end": 172.73, "word": " that'll", "probability": 0.998046875 }, { "start": 172.73, "end": 173.05, "word": " trickle", "probability": 0.99853515625 }, { "start": 173.05, "end": 173.17, "word": " out", "probability": 1.0 }, { "start": 173.17, "end": 173.27, "word": " in", "probability": 1.0 }, { "start": 173.27, "end": 173.55, "word": " various", "probability": 1.0 }, { "start": 173.55, "end": 173.91, "word": " ways.", "probability": 1.0 } ] }, { "start": 174.17, "end": 179.07, "text": "So their tools are primarily saying, okay, if things are running hot, if a lot of fractions", "speaker_id": "Speaker 1", "words": [ { "start": 174.17, "end": 174.61, "word": " So", "probability": 0.99951171875 }, { "start": 174.61, "end": 175.33, "word": " their", "probability": 0.814453125 }, { "start": 175.33, "end": 175.63, "word": " tools", "probability": 1.0 }, { "start": 175.63, "end": 175.79, "word": " are", "probability": 1.0 }, { "start": 175.79, "end": 176.11, "word": " primarily", "probability": 1.0 }, { "start": 176.11, "end": 176.33, "word": " saying,", "probability": 0.99951171875 }, { "start": 176.43, "end": 176.49, "word": " okay,", "probability": 0.91650390625 }, { "start": 176.61, "end": 176.77, "word": " if", "probability": 1.0 }, { "start": 176.77, "end": 176.95, "word": " things", "probability": 1.0 }, { "start": 176.95, "end": 177.07, "word": " are", "probability": 1.0 }, { "start": 177.07, "end": 177.29, "word": " running", "probability": 1.0 }, { "start": 177.29, "end": 177.73, "word": " hot,", "probability": 1.0 }, { "start": 177.93, "end": 177.97, "word": " if", "probability": 0.9736328125 }, { "start": 177.97, "end": 178.39, "word": " a", "probability": 0.99951171875 }, { "start": 178.39, "end": 178.55, "word": " lot", "probability": 1.0 }, { "start": 178.55, "end": 178.69, "word": " of", "probability": 1.0 }, { "start": 178.69, "end": 179.07, "word": " fractions", "probability": 0.6435546875 } ] }, { "start": 179.07, "end": 183.69, "text": "are bank lending is happening, inflation is above target, Let's try to slow down that bank", "speaker_id": "Speaker 1", "words": [ { "start": 179.07, "end": 179.25, "word": " are", "probability": 0.6484375 }, { "start": 179.25, "end": 179.53, "word": " bank", "probability": 0.97216796875 }, { "start": 179.53, "end": 179.73, "word": " lending", "probability": 0.70068359375 }, { "start": 179.73, "end": 179.87, "word": " is", "probability": 0.548828125 }, { "start": 179.87, "end": 180.23, "word": " happening,", "probability": 1.0 }, { "start": 180.45, "end": 180.67, "word": " inflation", "probability": 0.99755859375 }, { "start": 180.67, "end": 180.81, "word": " is", "probability": 0.916015625 }, { "start": 180.81, "end": 180.95, "word": " above", "probability": 0.99951171875 }, { "start": 180.95, "end": 181.33, "word": " target,", "probability": 0.99951171875 }, { "start": 181.33, "end": 181.87, "word": " Let's", "probability": 0.840576171875 }, { "start": 181.87, "end": 182.01, "word": " try", "probability": 1.0 }, { "start": 182.01, "end": 182.13, "word": " to", "probability": 1.0 }, { "start": 182.13, "end": 182.47, "word": " slow", "probability": 1.0 }, { "start": 182.47, "end": 182.83, "word": " down", "probability": 1.0 }, { "start": 182.83, "end": 183.09, "word": " that", "probability": 0.99951171875 }, { "start": 183.09, "end": 183.69, "word": " bank", "probability": 0.9580078125 } ] }, { "start": 183.69, "end": 189.05, "text": "lending and that broad money creation or vice versa. If you're in kind of a stagnation, in", "speaker_id": "Speaker 1", "words": [ { "start": 183.69, "end": 183.97, "word": " lending", "probability": 1.0 }, { "start": 183.97, "end": 184.13, "word": " and", "probability": 0.99755859375 }, { "start": 184.13, "end": 184.23, "word": " that", "probability": 1.0 }, { "start": 184.23, "end": 184.47, "word": " broad", "probability": 1.0 }, { "start": 184.47, "end": 184.67, "word": " money", "probability": 0.99951171875 }, { "start": 184.67, "end": 185.13, "word": " creation", "probability": 1.0 }, { "start": 185.13, "end": 185.93, "word": " or", "probability": 0.57763671875 }, { "start": 185.93, "end": 186.19, "word": " vice", "probability": 1.0 }, { "start": 186.19, "end": 186.49, "word": " versa.", "probability": 1.0 }, { "start": 186.49, "end": 186.91, "word": " If", "probability": 0.99853515625 }, { "start": 186.91, "end": 187.07, "word": " you're", "probability": 1.0 }, { "start": 187.07, "end": 187.19, "word": " in", "probability": 1.0 }, { "start": 187.19, "end": 187.33, "word": " kind", "probability": 0.90478515625 }, { "start": 187.33, "end": 187.41, "word": " of", "probability": 1.0 }, { "start": 187.41, "end": 187.53, "word": " a", "probability": 1.0 }, { "start": 187.53, "end": 188.21, "word": " stagnation,", "probability": 1.0 }, { "start": 188.71, "end": 189.05, "word": " in", "probability": 0.603515625 } ] }, { "start": 189.05, "end": 193.03, "text": "theory, they try to lower rates and say, go borrow more. Go take out that bigger mortgage,", "speaker_id": "Speaker 1", "words": [ { "start": 189.05, "end": 189.33, "word": " theory,", "probability": 1.0 }, { "start": 189.41, "end": 189.49, "word": " they", "probability": 1.0 }, { "start": 189.49, "end": 189.63, "word": " try", "probability": 1.0 }, { "start": 189.63, "end": 189.73, "word": " to", "probability": 1.0 }, { "start": 189.73, "end": 189.93, "word": " lower", "probability": 1.0 }, { "start": 189.93, "end": 190.27, "word": " rates", "probability": 1.0 }, { "start": 190.27, "end": 190.41, "word": " and", "probability": 0.99072265625 }, { "start": 190.41, "end": 190.51, "word": " say,", "probability": 1.0 }, { "start": 190.63, "end": 190.69, "word": " go", "probability": 0.9951171875 }, { "start": 190.69, "end": 190.99, "word": " borrow", "probability": 0.9990234375 }, { "start": 190.99, "end": 191.23, "word": " more.", "probability": 1.0 }, { "start": 191.37, "end": 191.55, "word": " Go", "probability": 0.99853515625 }, { "start": 191.55, "end": 192.23, "word": " take", "probability": 0.99853515625 }, { "start": 192.23, "end": 192.37, "word": " out", "probability": 0.99951171875 }, { "start": 192.37, "end": 192.49, "word": " that", "probability": 1.0 }, { "start": 192.49, "end": 192.71, "word": " bigger", "probability": 1.0 }, { "start": 192.71, "end": 193.03, "word": " mortgage,", "probability": 0.99951171875 } ] }, { "start": 193.21, "end": 199.19, "text": "buy that bigger house, which will take more resources and labor and do all that.", "speaker_id": "Speaker 1", "words": [ { "start": 193.21, "end": 193.31, "word": " buy", "probability": 1.0 }, { "start": 193.31, "end": 193.47, "word": " that", "probability": 1.0 }, { "start": 193.47, "end": 193.73, "word": " bigger", "probability": 1.0 }, { "start": 193.73, "end": 194.21, "word": " house,", "probability": 1.0 }, { "start": 194.21, "end": 194.75, "word": " which", "probability": 1.0 }, { "start": 194.75, "end": 194.85, "word": " will", "probability": 1.0 }, { "start": 194.85, "end": 195.01, "word": " take", "probability": 1.0 }, { "start": 195.01, "end": 195.25, "word": " more", "probability": 1.0 }, { "start": 195.25, "end": 195.93, "word": " resources", "probability": 1.0 }, { "start": 195.93, "end": 196.15, "word": " and", "probability": 1.0 }, { "start": 196.15, "end": 196.53, "word": " labor", "probability": 0.9990234375 }, { "start": 196.53, "end": 197.91, "word": " and", "probability": 0.7421875 }, { "start": 197.91, "end": 198.69, "word": " do", "probability": 1.0 }, { "start": 198.69, "end": 198.87, "word": " all", "probability": 1.0 }, { "start": 198.87, "end": 199.19, "word": " that.", "probability": 1.0 } ] }, { "start": 200.75, "end": 206.59, "text": "And that can be effective in, for example, Paul Volcker's era where bank lending was the", "speaker_id": "Speaker 1", "words": [ { "start": 200.75, "end": 201.27, "word": " And", "probability": 0.91357421875 }, { "start": 201.27, "end": 201.79, "word": " that", "probability": 1.0 }, { "start": 201.79, "end": 202.17, "word": " can", "probability": 1.0 }, { "start": 202.17, "end": 202.33, "word": " be", "probability": 1.0 }, { "start": 202.33, "end": 202.75, "word": " effective", "probability": 1.0 }, { "start": 202.75, "end": 203.13, "word": " in,", "probability": 0.99853515625 }, { "start": 203.23, "end": 203.29, "word": " for", "probability": 1.0 }, { "start": 203.29, "end": 203.55, "word": " example,", "probability": 1.0 }, { "start": 203.71, "end": 203.97, "word": " Paul", "probability": 1.0 }, { "start": 203.97, "end": 204.45, "word": " Volcker's", "probability": 0.9791666666666666 }, { "start": 204.45, "end": 204.77, "word": " era", "probability": 1.0 }, { "start": 204.77, "end": 205.25, "word": " where", "probability": 0.7548828125 }, { "start": 205.25, "end": 205.57, "word": " bank", "probability": 0.99951171875 }, { "start": 205.57, "end": 205.85, "word": " lending", "probability": 1.0 }, { "start": 205.85, "end": 206.41, "word": " was", "probability": 1.0 }, { "start": 206.41, "end": 206.59, "word": " the", "probability": 1.0 } ] }, { "start": 206.59, "end": 212.67, "text": "key driver of the rate of money supply growth. it works far less", "speaker_id": "Speaker 1", "words": [ { "start": 206.59, "end": 206.81, "word": " key", "probability": 1.0 }, { "start": 206.81, "end": 207.25, "word": " driver", "probability": 1.0 }, { "start": 207.25, "end": 207.95, "word": " of", "probability": 0.99951171875 }, { "start": 207.95, "end": 208.29, "word": " the", "probability": 1.0 }, { "start": 208.29, "end": 208.55, "word": " rate", "probability": 0.99072265625 }, { "start": 208.55, "end": 208.63, "word": " of", "probability": 0.99951171875 }, { "start": 208.63, "end": 208.77, "word": " money", "probability": 1.0 }, { "start": 208.77, "end": 209.07, "word": " supply", "probability": 1.0 }, { "start": 209.07, "end": 209.49, "word": " growth.", "probability": 1.0 }, { "start": 210.51, "end": 211.07, "word": " it", "probability": 0.12310791015625 }, { "start": 211.07, "end": 211.57, "word": " works", "probability": 0.99755859375 }, { "start": 211.57, "end": 212.13, "word": " far", "probability": 0.9990234375 }, { "start": 212.13, "end": 212.67, "word": " less", "probability": 1.0 } ] }, { "start": 212.67, "end": 219.13, "text": "when fiscal deficits are a bigger source of kind of just new money entering the economy", "speaker_id": "Speaker 1", "words": [ { "start": 212.67, "end": 213.91, "word": " when", "probability": 0.99072265625 }, { "start": 213.91, "end": 214.55, "word": " fiscal", "probability": 0.98681640625 }, { "start": 214.55, "end": 214.99, "word": " deficits", "probability": 1.0 }, { "start": 214.99, "end": 215.71, "word": " are", "probability": 1.0 }, { "start": 215.71, "end": 215.95, "word": " a", "probability": 1.0 }, { "start": 215.95, "end": 216.27, "word": " bigger", "probability": 1.0 }, { "start": 216.27, "end": 216.79, "word": " source", "probability": 1.0 }, { "start": 216.79, "end": 217.13, "word": " of", "probability": 1.0 }, { "start": 217.13, "end": 217.29, "word": " kind", "probability": 0.85546875 }, { "start": 217.29, "end": 217.45, "word": " of", "probability": 1.0 }, { "start": 217.45, "end": 217.69, "word": " just", "probability": 0.9921875 }, { "start": 217.69, "end": 217.93, "word": " new", "probability": 1.0 }, { "start": 217.93, "end": 218.23, "word": " money", "probability": 1.0 }, { "start": 218.23, "end": 218.51, "word": " entering", "probability": 1.0 }, { "start": 218.51, "end": 218.67, "word": " the", "probability": 1.0 }, { "start": 218.67, "end": 219.13, "word": " economy", "probability": 0.99951171875 } ] }, { "start": 219.13, "end": 224.97, "text": "than bank lending and we've actually kind of reached a phase where annual deficits so", "speaker_id": "Speaker 1", "words": [ { "start": 219.13, "end": 220.31, "word": " than", "probability": 0.99072265625 }, { "start": 220.31, "end": 220.61, "word": " bank", "probability": 0.99951171875 }, { "start": 220.61, "end": 220.87, "word": " lending", "probability": 0.99951171875 }, { "start": 220.87, "end": 221.53, "word": " and", "probability": 0.058013916015625 }, { "start": 221.53, "end": 221.93, "word": " we've", "probability": 0.998779296875 }, { "start": 221.93, "end": 222.11, "word": " actually", "probability": 1.0 }, { "start": 222.11, "end": 222.25, "word": " kind", "probability": 0.99560546875 }, { "start": 222.25, "end": 222.31, "word": " of", "probability": 1.0 }, { "start": 222.31, "end": 222.51, "word": " reached", "probability": 0.99951171875 }, { "start": 222.51, "end": 222.63, "word": " a", "probability": 1.0 }, { "start": 222.63, "end": 222.93, "word": " phase", "probability": 0.9990234375 }, { "start": 222.93, "end": 223.23, "word": " where", "probability": 1.0 }, { "start": 223.23, "end": 224.09, "word": " annual", "probability": 0.99951171875 }, { "start": 224.09, "end": 224.69, "word": " deficits", "probability": 0.91015625 }, { "start": 224.69, "end": 224.97, "word": " so", "probability": 0.8681640625 } ] }, { "start": 224.97, "end": 229.77, "text": "basically the amount of net new treasuries created in a given 12 -month period is now", "speaker_id": "Speaker 1", "words": [ { "start": 224.97, "end": 225.19, "word": " basically", "probability": 0.99951171875 }, { "start": 225.19, "end": 225.37, "word": " the", "probability": 0.9990234375 }, { "start": 225.37, "end": 225.59, "word": " amount", "probability": 0.99951171875 }, { "start": 225.59, "end": 225.79, "word": " of", "probability": 0.99951171875 }, { "start": 225.79, "end": 226.13, "word": " net", "probability": 0.99951171875 }, { "start": 226.13, "end": 226.41, "word": " new", "probability": 0.99951171875 }, { "start": 226.41, "end": 226.89, "word": " treasuries", "probability": 0.9695638020833334 }, { "start": 226.89, "end": 227.39, "word": " created", "probability": 0.88916015625 }, { "start": 227.39, "end": 227.65, "word": " in", "probability": 0.99951171875 }, { "start": 227.65, "end": 227.73, "word": " a", "probability": 0.99951171875 }, { "start": 227.73, "end": 228.01, "word": " given", "probability": 0.99951171875 }, { "start": 228.01, "end": 228.29, "word": " 12", "probability": 0.99658203125 }, { "start": 228.29, "end": 228.47, "word": "-month", "probability": 0.716796875 }, { "start": 228.47, "end": 228.85, "word": " period", "probability": 1.0 }, { "start": 228.85, "end": 229.61, "word": " is", "probability": 0.99951171875 }, { "start": 229.61, "end": 229.77, "word": " now", "probability": 1.0 } ] }, { "start": 229.77, "end": 236.33, "text": "bigger than the sum of net new bank loans and net new corporate bond issuance and so the", "speaker_id": "Speaker 1", "words": [ { "start": 229.77, "end": 230.11, "word": " bigger", "probability": 1.0 }, { "start": 230.11, "end": 230.27, "word": " than", "probability": 1.0 }, { "start": 230.27, "end": 230.41, "word": " the", "probability": 1.0 }, { "start": 230.41, "end": 230.65, "word": " sum", "probability": 0.99853515625 }, { "start": 230.65, "end": 230.81, "word": " of", "probability": 1.0 }, { "start": 230.81, "end": 231.11, "word": " net", "probability": 0.99951171875 }, { "start": 231.11, "end": 231.33, "word": " new", "probability": 1.0 }, { "start": 231.33, "end": 231.61, "word": " bank", "probability": 1.0 }, { "start": 231.61, "end": 232.01, "word": " loans", "probability": 1.0 }, { "start": 232.01, "end": 232.75, "word": " and", "probability": 0.99951171875 }, { "start": 232.75, "end": 233.01, "word": " net", "probability": 0.99951171875 }, { "start": 233.01, "end": 233.25, "word": " new", "probability": 1.0 }, { "start": 233.25, "end": 233.59, "word": " corporate", "probability": 0.99951171875 }, { "start": 233.59, "end": 233.87, "word": " bond", "probability": 0.99951171875 }, { "start": 233.87, "end": 234.35, "word": " issuance", "probability": 0.9993489583333334 }, { "start": 234.35, "end": 235.77, "word": " and", "probability": 0.9072265625 }, { "start": 235.77, "end": 235.95, "word": " so", "probability": 0.99951171875 }, { "start": 235.95, "end": 236.33, "word": " the", "probability": 0.998046875 } ] }, { "start": 236.33, "end": 241.47, "text": "fed can kind of focus all they want on trying to slow down that bank lending channel. But", "speaker_id": "Speaker 1", "words": [ { "start": 236.33, "end": 236.53, "word": " fed", "probability": 0.58056640625 }, { "start": 236.53, "end": 236.73, "word": " can", "probability": 0.81640625 }, { "start": 236.73, "end": 236.83, "word": " kind", "probability": 0.99951171875 }, { "start": 236.83, "end": 236.91, "word": " of", "probability": 1.0 }, { "start": 236.91, "end": 237.19, "word": " focus", "probability": 1.0 }, { "start": 237.19, "end": 237.33, "word": " all", "probability": 0.479736328125 }, { "start": 237.33, "end": 237.45, "word": " they", "probability": 0.99755859375 }, { "start": 237.45, "end": 237.73, "word": " want", "probability": 0.9990234375 }, { "start": 237.73, "end": 237.89, "word": " on", "probability": 0.951171875 }, { "start": 237.89, "end": 238.05, "word": " trying", "probability": 0.9951171875 }, { "start": 238.05, "end": 238.17, "word": " to", "probability": 0.99951171875 }, { "start": 238.17, "end": 238.37, "word": " slow", "probability": 1.0 }, { "start": 238.37, "end": 238.59, "word": " down", "probability": 0.99951171875 }, { "start": 238.59, "end": 238.79, "word": " that", "probability": 0.9990234375 }, { "start": 238.79, "end": 239.07, "word": " bank", "probability": 0.99853515625 }, { "start": 239.07, "end": 239.33, "word": " lending", "probability": 0.99853515625 }, { "start": 239.33, "end": 239.81, "word": " channel.", "probability": 0.99951171875 }, { "start": 240.99, "end": 241.47, "word": " But", "probability": 0.8310546875 } ] }, { "start": 241.47, "end": 246.01, "text": "it's a smaller factor than the deficits. And then ironically, higher rates makes the", "speaker_id": "Speaker 1", "words": [ { "start": 241.47, "end": 241.75, "word": " it's", "probability": 0.9970703125 }, { "start": 241.75, "end": 241.97, "word": " a", "probability": 0.99853515625 }, { "start": 241.97, "end": 242.41, "word": " smaller", "probability": 0.9990234375 }, { "start": 242.41, "end": 242.89, "word": " factor", "probability": 0.99951171875 }, { "start": 242.89, "end": 243.11, "word": " than", "probability": 0.99853515625 }, { "start": 243.11, "end": 243.23, "word": " the", "probability": 0.99951171875 }, { "start": 243.23, "end": 243.63, "word": " deficits.", "probability": 0.998046875 }, { "start": 244.23, "end": 244.23, "word": " And", "probability": 0.953125 }, { "start": 244.23, "end": 244.35, "word": " then", "probability": 0.99755859375 }, { "start": 244.35, "end": 244.79, "word": " ironically,", "probability": 0.9228515625 }, { "start": 245.03, "end": 245.27, "word": " higher", "probability": 0.99951171875 }, { "start": 245.27, "end": 245.61, "word": " rates", "probability": 0.99951171875 }, { "start": 245.61, "end": 245.87, "word": " makes", "probability": 0.99658203125 }, { "start": 245.87, "end": 246.01, "word": " the", "probability": 1.0 } ] }, { "start": 246.01, "end": 252.95, "text": "deficits higher now. So it actually, in some ways, every time the Fed raises rates, I get", "speaker_id": "Speaker 1", "words": [ { "start": 246.01, "end": 246.27, "word": " deficits", "probability": 0.99658203125 }, { "start": 246.27, "end": 246.63, "word": " higher", "probability": 1.0 }, { "start": 246.63, "end": 246.89, "word": " now.", "probability": 0.9990234375 }, { "start": 247.45, "end": 247.75, "word": " So", "probability": 0.93212890625 }, { "start": 247.75, "end": 247.91, "word": " it", "probability": 0.96484375 }, { "start": 247.91, "end": 248.15, "word": " actually,", "probability": 0.99951171875 }, { "start": 248.37, "end": 248.43, "word": " in", "probability": 0.99951171875 }, { "start": 248.43, "end": 248.57, "word": " some", "probability": 1.0 }, { "start": 248.57, "end": 248.75, "word": " ways,", "probability": 0.99951171875 }, { "start": 248.93, "end": 249.57, "word": " every", "probability": 0.362548828125 }, { "start": 249.57, "end": 249.83, "word": " time", "probability": 1.0 }, { "start": 249.83, "end": 250.01, "word": " the", "probability": 1.0 }, { "start": 250.01, "end": 250.29, "word": " Fed", "probability": 0.99267578125 }, { "start": 250.29, "end": 251.49, "word": " raises", "probability": 1.0 }, { "start": 251.49, "end": 251.95, "word": " rates,", "probability": 0.99951171875 }, { "start": 252.59, "end": 252.83, "word": " I", "probability": 1.0 }, { "start": 252.83, "end": 252.95, "word": " get", "probability": 1.0 } ] }, { "start": 252.95, "end": 259.95, "text": "a raise. Any investor that has as much cash as if you have a locked -in mortgage, you've", "speaker_id": "Speaker 1", "words": [ { "start": 252.95, "end": 253.07, "word": " a", "probability": 1.0 }, { "start": 253.07, "end": 253.31, "word": " raise.", "probability": 0.9990234375 }, { "start": 253.57, "end": 254.05, "word": " Any", "probability": 0.9853515625 }, { "start": 254.05, "end": 255.31, "word": " investor", "probability": 0.99853515625 }, { "start": 255.31, "end": 255.55, "word": " that", "probability": 0.97705078125 }, { "start": 255.55, "end": 256.91, "word": " has", "probability": 1.0 }, { "start": 256.91, "end": 257.05, "word": " as", "probability": 1.0 }, { "start": 257.05, "end": 257.21, "word": " much", "probability": 1.0 }, { "start": 257.21, "end": 257.61, "word": " cash", "probability": 1.0 }, { "start": 257.61, "end": 257.77, "word": " as", "probability": 0.58984375 }, { "start": 257.77, "end": 258.01, "word": " if", "probability": 0.53271484375 }, { "start": 258.01, "end": 258.27, "word": " you", "probability": 1.0 }, { "start": 258.27, "end": 258.41, "word": " have", "probability": 1.0 }, { "start": 258.41, "end": 258.49, "word": " a", "probability": 0.99951171875 }, { "start": 258.49, "end": 258.77, "word": " locked", "probability": 0.99853515625 }, { "start": 258.77, "end": 258.89, "word": "-in", "probability": 0.902587890625 }, { "start": 258.89, "end": 259.27, "word": " mortgage,", "probability": 1.0 }, { "start": 259.47, "end": 259.95, "word": " you've", "probability": 0.99951171875 } ] }, { "start": 259.95, "end": 264.51, "text": "got a money market fund, you get a raise every time the fed raises interest rates even at", "speaker_id": "Speaker 1", "words": [ { "start": 259.95, "end": 260.03, "word": " got", "probability": 1.0 }, { "start": 260.03, "end": 260.13, "word": " a", "probability": 1.0 }, { "start": 260.13, "end": 260.29, "word": " money", "probability": 0.9970703125 }, { "start": 260.29, "end": 260.61, "word": " market", "probability": 0.99853515625 }, { "start": 260.61, "end": 261.01, "word": " fund,", "probability": 1.0 }, { "start": 261.41, "end": 261.65, "word": " you", "probability": 0.99951171875 }, { "start": 261.65, "end": 261.77, "word": " get", "probability": 0.99951171875 }, { "start": 261.77, "end": 261.87, "word": " a", "probability": 1.0 }, { "start": 261.87, "end": 262.07, "word": " raise", "probability": 0.99951171875 }, { "start": 262.07, "end": 262.29, "word": " every", "probability": 0.99951171875 }, { "start": 262.29, "end": 262.47, "word": " time", "probability": 1.0 }, { "start": 262.47, "end": 262.65, "word": " the", "probability": 0.8125 }, { "start": 262.65, "end": 262.87, "word": " fed", "probability": 0.259033203125 }, { "start": 262.87, "end": 263.33, "word": " raises", "probability": 0.998046875 }, { "start": 263.33, "end": 263.59, "word": " interest", "probability": 0.99755859375 }, { "start": 263.59, "end": 263.87, "word": " rates", "probability": 0.9990234375 }, { "start": 263.87, "end": 264.35, "word": " even", "probability": 0.9072265625 }, { "start": 264.35, "end": 264.51, "word": " at", "probability": 0.99169921875 } ] }, { "start": 264.51, "end": 270.33, "text": "orange juice when we when we raised our capital you know it's it's in uh interest bearing", "speaker_id": "Speaker 1", "words": [ { "start": 264.51, "end": 264.79, "word": " orange", "probability": 0.99267578125 }, { "start": 264.79, "end": 265.09, "word": " juice", "probability": 0.9990234375 }, { "start": 265.09, "end": 265.31, "word": " when", "probability": 0.99658203125 }, { "start": 265.31, "end": 265.43, "word": " we", "probability": 0.998046875 }, { "start": 265.43, "end": 265.59, "word": " when", "probability": 0.85107421875 }, { "start": 265.59, "end": 265.77, "word": " we", "probability": 0.99951171875 }, { "start": 265.77, "end": 266.05, "word": " raised", "probability": 0.99658203125 }, { "start": 266.05, "end": 266.21, "word": " our", "probability": 1.0 }, { "start": 266.21, "end": 266.63, "word": " capital", "probability": 0.99755859375 }, { "start": 266.63, "end": 267.37, "word": " you", "probability": 0.96875 }, { "start": 267.37, "end": 267.45, "word": " know", "probability": 1.0 }, { "start": 267.45, "end": 268.11, "word": " it's", "probability": 0.985107421875 }, { "start": 268.11, "end": 268.37, "word": " it's", "probability": 0.974365234375 }, { "start": 268.37, "end": 268.77, "word": " in", "probability": 0.9912109375 }, { "start": 268.77, "end": 269.37, "word": " uh", "probability": 0.94189453125 }, { "start": 269.37, "end": 269.93, "word": " interest", "probability": 0.99951171875 }, { "start": 269.93, "end": 270.33, "word": " bearing", "probability": 0.78857421875 } ] }, { "start": 270.33, "end": 276.25, "text": "like fiat and we actually get the fed gave us a raise on a on a pretty large pool of", "speaker_id": "Speaker 1", "words": [ { "start": 270.33, "end": 271.13, "word": " like", "probability": 0.99755859375 }, { "start": 271.13, "end": 271.53, "word": " fiat", "probability": 0.99951171875 }, { "start": 271.53, "end": 272.35, "word": " and", "probability": 0.99951171875 }, { "start": 272.35, "end": 272.51, "word": " we", "probability": 0.9990234375 }, { "start": 272.51, "end": 272.73, "word": " actually", "probability": 1.0 }, { "start": 272.73, "end": 272.93, "word": " get", "probability": 0.99951171875 }, { "start": 272.93, "end": 273.27, "word": " the", "probability": 0.9990234375 }, { "start": 273.27, "end": 273.55, "word": " fed", "probability": 0.99755859375 }, { "start": 273.55, "end": 273.81, "word": " gave", "probability": 0.99951171875 }, { "start": 273.81, "end": 273.99, "word": " us", "probability": 1.0 }, { "start": 273.99, "end": 274.15, "word": " a", "probability": 1.0 }, { "start": 274.15, "end": 274.43, "word": " raise", "probability": 0.99853515625 }, { "start": 274.43, "end": 274.75, "word": " on", "probability": 1.0 }, { "start": 274.75, "end": 274.91, "word": " a", "probability": 0.99609375 }, { "start": 274.91, "end": 275.07, "word": " on", "probability": 0.89501953125 }, { "start": 275.07, "end": 275.25, "word": " a", "probability": 1.0 }, { "start": 275.25, "end": 275.61, "word": " pretty", "probability": 0.99951171875 }, { "start": 275.61, "end": 275.87, "word": " large", "probability": 1.0 }, { "start": 275.87, "end": 276.09, "word": " pool", "probability": 1.0 }, { "start": 276.09, "end": 276.25, "word": " of", "probability": 0.99951171875 } ] }, { "start": 276.25, "end": 280.03, "text": "capital which actually slightly allows us to go out and buy slightly more companies or hire", "speaker_id": "Speaker 1", "words": [ { "start": 276.25, "end": 276.53, "word": " capital", "probability": 0.998046875 }, { "start": 276.53, "end": 276.73, "word": " which", "probability": 1.0 }, { "start": 276.73, "end": 276.97, "word": " actually", "probability": 1.0 }, { "start": 276.97, "end": 277.31, "word": " slightly", "probability": 0.998046875 }, { "start": 277.31, "end": 277.67, "word": " allows", "probability": 1.0 }, { "start": 277.67, "end": 277.83, "word": " us", "probability": 1.0 }, { "start": 277.83, "end": 277.95, "word": " to", "probability": 1.0 }, { "start": 277.95, "end": 278.09, "word": " go", "probability": 1.0 }, { "start": 278.09, "end": 278.21, "word": " out", "probability": 0.99951171875 }, { "start": 278.21, "end": 278.31, "word": " and", "probability": 1.0 }, { "start": 278.31, "end": 278.51, "word": " buy", "probability": 0.99951171875 }, { "start": 278.51, "end": 278.85, "word": " slightly", "probability": 1.0 }, { "start": 278.85, "end": 279.09, "word": " more", "probability": 1.0 }, { "start": 279.09, "end": 279.53, "word": " companies", "probability": 1.0 }, { "start": 279.53, "end": 279.75, "word": " or", "probability": 0.9990234375 }, { "start": 279.75, "end": 280.03, "word": " hire", "probability": 0.9453125 } ] }, { "start": 280.03, "end": 285.35, "text": "slightly more people around the margins obviously um and so interest rates at when you're", "speaker_id": "Speaker 1", "words": [ { "start": 280.03, "end": 280.43, "word": " slightly", "probability": 1.0 }, { "start": 280.43, "end": 280.89, "word": " more", "probability": 1.0 }, { "start": 280.89, "end": 281.21, "word": " people", "probability": 1.0 }, { "start": 281.21, "end": 281.57, "word": " around", "probability": 0.98876953125 }, { "start": 281.57, "end": 281.71, "word": " the", "probability": 1.0 }, { "start": 281.71, "end": 282.03, "word": " margins", "probability": 1.0 }, { "start": 282.03, "end": 282.51, "word": " obviously", "probability": 0.99951171875 }, { "start": 282.51, "end": 283.27, "word": " um", "probability": 0.83154296875 }, { "start": 283.27, "end": 283.95, "word": " and", "probability": 0.99951171875 }, { "start": 283.95, "end": 284.15, "word": " so", "probability": 1.0 }, { "start": 284.15, "end": 284.51, "word": " interest", "probability": 0.99462890625 }, { "start": 284.51, "end": 284.75, "word": " rates", "probability": 0.99951171875 }, { "start": 284.75, "end": 285.15, "word": " at", "probability": 0.57177734375 }, { "start": 285.15, "end": 285.23, "word": " when", "probability": 0.99951171875 }, { "start": 285.23, "end": 285.35, "word": " you're", "probability": 1.0 } ] }, { "start": 285.35, "end": 291.45, "text": "at 100 of debt to gdp just and the problem is more that deficit than the bank lending", "speaker_id": "Speaker 1", "words": [ { "start": 285.35, "end": 285.49, "word": " at", "probability": 0.99951171875 }, { "start": 285.49, "end": 285.75, "word": " 100", "probability": 0.81396484375 }, { "start": 285.75, "end": 286.21, "word": " of", "probability": 0.8818359375 }, { "start": 286.21, "end": 286.39, "word": " debt", "probability": 0.96875 }, { "start": 286.39, "end": 286.51, "word": " to", "probability": 0.8857421875 }, { "start": 286.51, "end": 287.05, "word": " gdp", "probability": 0.9889322916666666 }, { "start": 287.05, "end": 288.35, "word": " just", "probability": 0.9609375 }, { "start": 288.35, "end": 289.11, "word": " and", "probability": 0.998046875 }, { "start": 289.11, "end": 289.43, "word": " the", "probability": 0.95068359375 }, { "start": 289.43, "end": 289.71, "word": " problem", "probability": 0.99951171875 }, { "start": 289.71, "end": 289.85, "word": " is", "probability": 1.0 }, { "start": 289.85, "end": 290.01, "word": " more", "probability": 1.0 }, { "start": 290.01, "end": 290.17, "word": " that", "probability": 0.994140625 }, { "start": 290.17, "end": 290.55, "word": " deficit", "probability": 0.99853515625 }, { "start": 290.55, "end": 290.75, "word": " than", "probability": 0.9970703125 }, { "start": 290.75, "end": 290.87, "word": " the", "probability": 0.99951171875 }, { "start": 290.87, "end": 291.11, "word": " bank", "probability": 0.99755859375 }, { "start": 291.11, "end": 291.45, "word": " lending", "probability": 0.9951171875 } ] }, { "start": 291.93, "end": 296.03, "text": "they're just kind of solving a different problem and so it's not that i would say okay", "speaker_id": "Speaker 1", "words": [ { "start": 291.93, "end": 292.37, "word": " they're", "probability": 0.850341796875 }, { "start": 292.37, "end": 292.51, "word": " just", "probability": 0.99951171875 }, { "start": 292.51, "end": 292.65, "word": " kind", "probability": 0.9091796875 }, { "start": 292.65, "end": 292.75, "word": " of", "probability": 1.0 }, { "start": 292.75, "end": 293.05, "word": " solving", "probability": 1.0 }, { "start": 293.05, "end": 293.19, "word": " a", "probability": 1.0 }, { "start": 293.19, "end": 293.35, "word": " different", "probability": 1.0 }, { "start": 293.35, "end": 293.73, "word": " problem", "probability": 1.0 }, { "start": 293.73, "end": 294.31, "word": " and", "probability": 0.034271240234375 }, { "start": 294.31, "end": 294.47, "word": " so", "probability": 0.99951171875 }, { "start": 294.47, "end": 294.93, "word": " it's", "probability": 0.998779296875 }, { "start": 294.93, "end": 295.11, "word": " not", "probability": 0.99951171875 }, { "start": 295.11, "end": 295.33, "word": " that", "probability": 1.0 }, { "start": 295.33, "end": 295.43, "word": " i", "probability": 0.4609375 }, { "start": 295.43, "end": 295.57, "word": " would", "probability": 1.0 }, { "start": 295.57, "end": 295.79, "word": " say", "probability": 1.0 }, { "start": 295.79, "end": 296.03, "word": " okay", "probability": 0.9990234375 } ] }, { "start": 296.03, "end": 301.23, "text": "here's what the fed should do it's more just like how should they communicate that it's not", "speaker_id": "Speaker 1", "words": [ { "start": 296.03, "end": 296.29, "word": " here's", "probability": 1.0 }, { "start": 296.29, "end": 296.37, "word": " what", "probability": 0.9970703125 }, { "start": 296.37, "end": 296.49, "word": " the", "probability": 0.99853515625 }, { "start": 296.49, "end": 296.65, "word": " fed", "probability": 0.99755859375 }, { "start": 296.65, "end": 296.87, "word": " should", "probability": 0.99658203125 }, { "start": 296.87, "end": 297.09, "word": " do", "probability": 1.0 }, { "start": 297.09, "end": 297.31, "word": " it's", "probability": 0.999755859375 }, { "start": 297.31, "end": 297.47, "word": " more", "probability": 0.99951171875 }, { "start": 297.47, "end": 297.65, "word": " just", "probability": 0.99853515625 }, { "start": 297.65, "end": 298.01, "word": " like", "probability": 0.99853515625 }, { "start": 298.01, "end": 298.69, "word": " how", "probability": 1.0 }, { "start": 298.69, "end": 298.93, "word": " should", "probability": 1.0 }, { "start": 298.93, "end": 299.07, "word": " they", "probability": 1.0 }, { "start": 299.07, "end": 299.55, "word": " communicate", "probability": 1.0 }, { "start": 299.55, "end": 300.03, "word": " that", "probability": 1.0 }, { "start": 300.03, "end": 300.93, "word": " it's", "probability": 1.0 }, { "start": 300.93, "end": 301.23, "word": " not", "probability": 1.0 } ] }, { "start": 301.23, "end": 307.13, "text": "really their purview uh in some sense and yet the whole the whole structure of a central", "speaker_id": "Speaker 1", "words": [ { "start": 301.23, "end": 301.59, "word": " really", "probability": 1.0 }, { "start": 301.59, "end": 302.09, "word": " their", "probability": 0.99951171875 }, { "start": 303.05, "end": 303.49, "word": " purview", "probability": 1.0 }, { "start": 303.49, "end": 303.93, "word": " uh", "probability": 0.900390625 }, { "start": 303.93, "end": 304.21, "word": " in", "probability": 1.0 }, { "start": 304.21, "end": 304.43, "word": " some", "probability": 1.0 }, { "start": 304.43, "end": 304.79, "word": " sense", "probability": 0.99951171875 }, { "start": 304.79, "end": 305.29, "word": " and", "probability": 1.0 }, { "start": 305.29, "end": 305.43, "word": " yet", "probability": 1.0 }, { "start": 305.43, "end": 305.65, "word": " the", "probability": 1.0 }, { "start": 305.65, "end": 305.87, "word": " whole", "probability": 0.99951171875 }, { "start": 305.87, "end": 306.09, "word": " the", "probability": 0.9990234375 }, { "start": 306.09, "end": 306.25, "word": " whole", "probability": 0.9990234375 }, { "start": 306.25, "end": 306.71, "word": " structure", "probability": 1.0 }, { "start": 306.71, "end": 306.85, "word": " of", "probability": 1.0 }, { "start": 306.85, "end": 306.97, "word": " a", "probability": 0.98828125 }, { "start": 306.97, "end": 307.13, "word": " central", "probability": 0.99951171875 } ] }, { "start": 307.13, "end": 311.17, "text": "bank is designed around the idea that they can solve this and it's just it's kind of an", "speaker_id": "Speaker 1", "words": [ { "start": 307.13, "end": 307.45, "word": " bank", "probability": 1.0 }, { "start": 307.45, "end": 307.69, "word": " is", "probability": 1.0 }, { "start": 307.69, "end": 308.09, "word": " designed", "probability": 1.0 }, { "start": 308.09, "end": 308.35, "word": " around", "probability": 1.0 }, { "start": 308.35, "end": 308.51, "word": " the", "probability": 1.0 }, { "start": 308.51, "end": 308.75, "word": " idea", "probability": 1.0 }, { "start": 308.75, "end": 308.95, "word": " that", "probability": 1.0 }, { "start": 308.95, "end": 309.07, "word": " they", "probability": 1.0 }, { "start": 309.07, "end": 309.23, "word": " can", "probability": 1.0 }, { "start": 309.23, "end": 309.51, "word": " solve", "probability": 1.0 }, { "start": 309.51, "end": 309.79, "word": " this", "probability": 1.0 }, { "start": 309.79, "end": 310.37, "word": " and", "probability": 1.0 }, { "start": 310.37, "end": 310.51, "word": " it's", "probability": 1.0 }, { "start": 310.51, "end": 310.61, "word": " just", "probability": 0.99951171875 }, { "start": 310.61, "end": 310.85, "word": " it's", "probability": 1.0 }, { "start": 310.85, "end": 310.97, "word": " kind", "probability": 0.9990234375 }, { "start": 310.97, "end": 311.05, "word": " of", "probability": 1.0 }, { "start": 311.05, "end": 311.17, "word": " an", "probability": 0.99560546875 } ] }, { "start": 311.17, "end": 315.17, "text": "illusion that we have that we've created for ourselves which is just kind of ultimately not", "speaker_id": "Speaker 1", "words": [ { "start": 311.17, "end": 311.47, "word": " illusion", "probability": 0.99951171875 }, { "start": 311.47, "end": 311.69, "word": " that", "probability": 1.0 }, { "start": 311.69, "end": 311.79, "word": " we", "probability": 1.0 }, { "start": 311.79, "end": 312.09, "word": " have", "probability": 1.0 }, { "start": 312.09, "end": 312.25, "word": " that", "probability": 0.99951171875 }, { "start": 312.25, "end": 312.43, "word": " we've", "probability": 0.999755859375 }, { "start": 312.43, "end": 312.67, "word": " created", "probability": 0.99951171875 }, { "start": 312.67, "end": 312.83, "word": " for", "probability": 1.0 }, { "start": 312.83, "end": 313.25, "word": " ourselves", "probability": 0.9990234375 }, { "start": 313.25, "end": 314.05, "word": " which", "probability": 1.0 }, { "start": 314.05, "end": 314.19, "word": " is", "probability": 1.0 }, { "start": 314.19, "end": 314.33, "word": " just", "probability": 1.0 }, { "start": 314.33, "end": 314.49, "word": " kind", "probability": 1.0 }, { "start": 314.49, "end": 314.61, "word": " of", "probability": 0.99951171875 }, { "start": 314.61, "end": 314.97, "word": " ultimately", "probability": 0.99853515625 }, { "start": 314.97, "end": 315.17, "word": " not", "probability": 1.0 } ] }, { "start": 315.17, "end": 315.61, "text": "the case", "speaker_id": "Speaker 1", "words": [ { "start": 315.17, "end": 315.29, "word": " the", "probability": 0.99951171875 }, { "start": 315.29, "end": 315.61, "word": " case", "probability": 0.99853515625 } ] }, { "start": 315.61, "end": 322.13, "text": "yeah it's it's a sort of 800 -pound gorilla that no one seems to be able to say anything", "speaker_id": "Speaker 2", "words": [ { "start": 315.61, "end": 315.99, "word": " yeah", "probability": 0.99462890625 }, { "start": 315.99, "end": 316.33, "word": " it's", "probability": 1.0 }, { "start": 316.33, "end": 316.65, "word": " it's", "probability": 0.911376953125 }, { "start": 316.65, "end": 316.77, "word": " a", "probability": 0.98583984375 }, { "start": 316.77, "end": 316.93, "word": " sort", "probability": 0.99951171875 }, { "start": 316.93, "end": 317.07, "word": " of", "probability": 0.99951171875 }, { "start": 317.07, "end": 317.81, "word": " 800", "probability": 0.625 }, { "start": 317.81, "end": 318.17, "word": "-pound", "probability": 0.84228515625 }, { "start": 318.17, "end": 318.49, "word": " gorilla", "probability": 0.9892578125 }, { "start": 318.49, "end": 318.75, "word": " that", "probability": 0.99853515625 }, { "start": 318.75, "end": 318.99, "word": " no", "probability": 1.0 }, { "start": 318.99, "end": 319.27, "word": " one", "probability": 1.0 }, { "start": 319.27, "end": 319.63, "word": " seems", "probability": 1.0 }, { "start": 319.63, "end": 319.83, "word": " to", "probability": 1.0 }, { "start": 319.83, "end": 319.97, "word": " be", "probability": 1.0 }, { "start": 319.97, "end": 320.23, "word": " able", "probability": 1.0 }, { "start": 320.23, "end": 320.67, "word": " to", "probability": 1.0 }, { "start": 320.67, "end": 321.71, "word": " say", "probability": 0.9931640625 }, { "start": 321.71, "end": 322.13, "word": " anything", "probability": 1.0 } ] }, { "start": 322.13, "end": 328.09, "text": "about, whether it's the Fed or Treasury. But you have this other narrative, and again, this", "speaker_id": "Speaker 2", "words": [ { "start": 322.13, "end": 322.65, "word": " about,", "probability": 1.0 }, { "start": 322.65, "end": 323.87, "word": " whether", "probability": 1.0 }, { "start": 323.87, "end": 324.07, "word": " it's", "probability": 0.999755859375 }, { "start": 324.07, "end": 324.17, "word": " the", "probability": 0.99951171875 }, { "start": 324.17, "end": 324.37, "word": " Fed", "probability": 0.9990234375 }, { "start": 324.37, "end": 324.67, "word": " or", "probability": 1.0 }, { "start": 324.67, "end": 325.45, "word": " Treasury.", "probability": 0.99267578125 }, { "start": 325.75, "end": 326.09, "word": " But", "probability": 0.95751953125 }, { "start": 326.09, "end": 326.23, "word": " you", "probability": 1.0 }, { "start": 326.23, "end": 326.55, "word": " have", "probability": 1.0 }, { "start": 326.55, "end": 326.77, "word": " this", "probability": 1.0 }, { "start": 326.77, "end": 326.99, "word": " other", "probability": 1.0 }, { "start": 326.99, "end": 327.45, "word": " narrative,", "probability": 1.0 }, { "start": 327.53, "end": 327.63, "word": " and", "probability": 1.0 }, { "start": 327.63, "end": 327.87, "word": " again,", "probability": 0.990234375 }, { "start": 327.97, "end": 328.09, "word": " this", "probability": 1.0 } ] }, { "start": 328.09, "end": 333.55, "text": "goes back to what people hear, that we've got the president up every day saying, when the", "speaker_id": "Speaker 2", "words": [ { "start": 328.09, "end": 328.27, "word": " goes", "probability": 1.0 }, { "start": 328.27, "end": 328.47, "word": " back", "probability": 1.0 }, { "start": 328.47, "end": 328.61, "word": " to", "probability": 1.0 }, { "start": 328.61, "end": 328.81, "word": " what", "probability": 1.0 }, { "start": 328.81, "end": 329.15, "word": " people", "probability": 1.0 }, { "start": 329.15, "end": 329.61, "word": " hear,", "probability": 0.99462890625 }, { "start": 330.79, "end": 331.19, "word": " that", "probability": 0.85595703125 }, { "start": 331.19, "end": 331.59, "word": " we've", "probability": 0.930908203125 }, { "start": 331.59, "end": 331.77, "word": " got", "probability": 1.0 }, { "start": 331.77, "end": 331.95, "word": " the", "probability": 1.0 }, { "start": 331.95, "end": 332.25, "word": " president", "probability": 0.92822265625 }, { "start": 332.25, "end": 332.49, "word": " up", "probability": 1.0 }, { "start": 332.49, "end": 332.73, "word": " every", "probability": 1.0 }, { "start": 332.73, "end": 332.95, "word": " day", "probability": 1.0 }, { "start": 332.95, "end": 333.29, "word": " saying,", "probability": 0.9970703125 }, { "start": 333.31, "end": 333.45, "word": " when", "probability": 0.99951171875 }, { "start": 333.45, "end": 333.55, "word": " the", "probability": 1.0 } ] }, { "start": 333.55, "end": 336.75, "text": "midterms are over, the war is going to be over, fuel prices are going to go down, inflation", "speaker_id": "Speaker 2", "words": [ { "start": 333.55, "end": 333.95, "word": " midterms", "probability": 0.99951171875 }, { "start": 333.95, "end": 334.09, "word": " are", "probability": 1.0 }, { "start": 334.09, "end": 334.21, "word": " over,", "probability": 1.0 }, { "start": 334.29, "end": 334.35, "word": " the", "probability": 0.99951171875 }, { "start": 334.35, "end": 334.59, "word": " war", "probability": 1.0 }, { "start": 334.59, "end": 334.69, "word": " is", "probability": 0.96826171875 }, { "start": 334.69, "end": 334.77, "word": " going", "probability": 0.9951171875 }, { "start": 334.77, "end": 334.83, "word": " to", "probability": 1.0 }, { "start": 334.83, "end": 334.91, "word": " be", "probability": 1.0 }, { "start": 334.91, "end": 335.11, "word": " over,", "probability": 1.0 }, { "start": 335.27, "end": 335.51, "word": " fuel", "probability": 0.99951171875 }, { "start": 335.51, "end": 335.83, "word": " prices", "probability": 1.0 }, { "start": 335.83, "end": 335.99, "word": " are", "probability": 1.0 }, { "start": 335.99, "end": 336.05, "word": " going", "probability": 1.0 }, { "start": 336.05, "end": 336.13, "word": " to", "probability": 1.0 }, { "start": 336.13, "end": 336.23, "word": " go", "probability": 1.0 }, { "start": 336.23, "end": 336.41, "word": " down,", "probability": 1.0 }, { "start": 336.47, "end": 336.75, "word": " inflation", "probability": 0.99853515625 } ] }, { "start": 336.75, "end": 343.73, "text": "is going to be solved, the affordability crisis will improve drastically. And there are a", "speaker_id": "Speaker 2", "words": [ { "start": 336.75, "end": 336.89, "word": " is", "probability": 0.994140625 }, { "start": 336.89, "end": 336.95, "word": " going", "probability": 1.0 }, { "start": 336.95, "end": 337.01, "word": " to", "probability": 1.0 }, { "start": 337.01, "end": 337.11, "word": " be", "probability": 1.0 }, { "start": 337.11, "end": 337.39, "word": " solved,", "probability": 0.93115234375 }, { "start": 337.47, "end": 337.55, "word": " the", "probability": 0.9697265625 }, { "start": 337.55, "end": 338.45, "word": " affordability", "probability": 1.0 }, { "start": 338.45, "end": 338.83, "word": " crisis", "probability": 0.9990234375 }, { "start": 338.83, "end": 339.21, "word": " will", "probability": 0.99951171875 }, { "start": 339.21, "end": 341.29, "word": " improve", "probability": 0.7158203125 }, { "start": 341.29, "end": 342.01, "word": " drastically.", "probability": 0.99951171875 }, { "start": 342.73, "end": 343.13, "word": " And", "probability": 0.81689453125 }, { "start": 343.13, "end": 343.27, "word": " there", "probability": 1.0 }, { "start": 343.27, "end": 343.49, "word": " are", "probability": 1.0 }, { "start": 343.49, "end": 343.73, "word": " a", "probability": 1.0 } ] }, { "start": 343.73, "end": 346.51, "text": "lot of people, and sometimes when you look at the markets. It looks like they're pricing", "speaker_id": "Speaker 2", "words": [ { "start": 343.73, "end": 343.83, "word": " lot", "probability": 1.0 }, { "start": 343.83, "end": 343.97, "word": " of", "probability": 1.0 }, { "start": 343.97, "end": 344.25, "word": " people,", "probability": 1.0 }, { "start": 344.31, "end": 344.39, "word": " and", "probability": 0.99951171875 }, { "start": 344.39, "end": 344.65, "word": " sometimes", "probability": 1.0 }, { "start": 344.65, "end": 344.85, "word": " when", "probability": 0.99365234375 }, { "start": 344.85, "end": 344.93, "word": " you", "probability": 1.0 }, { "start": 344.93, "end": 345.05, "word": " look", "probability": 1.0 }, { "start": 345.05, "end": 345.15, "word": " at", "probability": 1.0 }, { "start": 345.15, "end": 345.25, "word": " the", "probability": 0.74462890625 }, { "start": 345.25, "end": 345.55, "word": " markets.", "probability": 0.99951171875 }, { "start": 345.55, "end": 345.71, "word": " It", "probability": 1.0 }, { "start": 345.71, "end": 345.85, "word": " looks", "probability": 1.0 }, { "start": 345.85, "end": 345.99, "word": " like", "probability": 1.0 }, { "start": 345.99, "end": 346.13, "word": " they're", "probability": 0.99658203125 }, { "start": 346.13, "end": 346.51, "word": " pricing", "probability": 1.0 } ] }, { "start": 346.51, "end": 351.93, "text": "for the end of the war, and we're going to get the energy shock to go away. And inflation", "speaker_id": "Speaker 2", "words": [ { "start": 346.51, "end": 347.01, "word": " for", "probability": 1.0 }, { "start": 347.01, "end": 347.23, "word": " the", "probability": 1.0 }, { "start": 347.23, "end": 347.35, "word": " end", "probability": 1.0 }, { "start": 347.35, "end": 347.45, "word": " of", "probability": 1.0 }, { "start": 347.45, "end": 347.53, "word": " the", "probability": 1.0 }, { "start": 347.53, "end": 347.85, "word": " war,", "probability": 1.0 }, { "start": 347.85, "end": 348.35, "word": " and", "probability": 1.0 }, { "start": 348.35, "end": 348.53, "word": " we're", "probability": 1.0 }, { "start": 348.53, "end": 348.61, "word": " going", "probability": 0.99560546875 }, { "start": 348.61, "end": 348.67, "word": " to", "probability": 0.99951171875 }, { "start": 348.67, "end": 348.77, "word": " get", "probability": 0.99951171875 }, { "start": 348.77, "end": 348.91, "word": " the", "probability": 0.99951171875 }, { "start": 348.91, "end": 349.23, "word": " energy", "probability": 0.99951171875 }, { "start": 349.23, "end": 349.61, "word": " shock", "probability": 1.0 }, { "start": 349.61, "end": 349.87, "word": " to", "probability": 1.0 }, { "start": 349.87, "end": 350.01, "word": " go", "probability": 1.0 }, { "start": 350.01, "end": 350.41, "word": " away.", "probability": 0.99951171875 }, { "start": 350.69, "end": 351.13, "word": " And", "probability": 0.9375 }, { "start": 351.13, "end": 351.93, "word": " inflation", "probability": 0.7197265625 } ] }, { "start": 351.93, "end": 357.01, "text": "will sort of reign back in. But you're saying this is all coming from fiscal. So that is", "speaker_id": "Speaker 2", "words": [ { "start": 351.93, "end": 352.35, "word": " will", "probability": 1.0 }, { "start": 352.35, "end": 352.71, "word": " sort", "probability": 0.779296875 }, { "start": 352.71, "end": 352.83, "word": " of", "probability": 1.0 }, { "start": 352.83, "end": 353.01, "word": " reign", "probability": 0.38818359375 }, { "start": 353.01, "end": 353.21, "word": " back", "probability": 1.0 }, { "start": 353.21, "end": 353.39, "word": " in.", "probability": 1.0 }, { "start": 353.47, "end": 353.59, "word": " But", "probability": 0.99951171875 }, { "start": 353.59, "end": 354.05, "word": " you're", "probability": 0.999267578125 }, { "start": 354.05, "end": 354.31, "word": " saying", "probability": 0.99951171875 }, { "start": 354.31, "end": 354.53, "word": " this", "probability": 0.97216796875 }, { "start": 354.53, "end": 354.67, "word": " is", "probability": 1.0 }, { "start": 354.67, "end": 354.81, "word": " all", "probability": 0.984375 }, { "start": 354.81, "end": 355.03, "word": " coming", "probability": 0.99951171875 }, { "start": 355.03, "end": 355.21, "word": " from", "probability": 1.0 }, { "start": 355.21, "end": 355.61, "word": " fiscal.", "probability": 0.9990234375 }, { "start": 355.85, "end": 356.25, "word": " So", "probability": 0.99951171875 }, { "start": 356.25, "end": 356.53, "word": " that", "probability": 0.9736328125 }, { "start": 356.53, "end": 357.01, "word": " is", "probability": 0.9990234375 } ] }, { "start": 357.01, "end": 362.73, "text": "not the case. We might get energy prices lower, but will that do anything to resolve the", "speaker_id": "Speaker 2", "words": [ { "start": 357.01, "end": 357.31, "word": " not", "probability": 1.0 }, { "start": 357.31, "end": 357.55, "word": " the", "probability": 1.0 }, { "start": 357.55, "end": 357.87, "word": " case.", "probability": 1.0 }, { "start": 358.11, "end": 358.55, "word": " We", "probability": 0.99951171875 }, { "start": 358.55, "end": 358.71, "word": " might", "probability": 0.89306640625 }, { "start": 358.71, "end": 359.01, "word": " get", "probability": 1.0 }, { "start": 359.01, "end": 359.31, "word": " energy", "probability": 1.0 }, { "start": 359.31, "end": 359.69, "word": " prices", "probability": 1.0 }, { "start": 359.69, "end": 359.99, "word": " lower,", "probability": 1.0 }, { "start": 360.17, "end": 360.45, "word": " but", "probability": 1.0 }, { "start": 360.45, "end": 360.95, "word": " will", "probability": 0.9853515625 }, { "start": 360.95, "end": 361.19, "word": " that", "probability": 1.0 }, { "start": 361.19, "end": 361.41, "word": " do", "probability": 1.0 }, { "start": 361.41, "end": 361.71, "word": " anything", "probability": 1.0 }, { "start": 361.71, "end": 361.97, "word": " to", "probability": 1.0 }, { "start": 361.97, "end": 362.57, "word": " resolve", "probability": 0.99853515625 }, { "start": 362.57, "end": 362.73, "word": " the", "probability": 1.0 } ] }, { "start": 362.73, "end": 363.43, "text": "inflation problem?", "speaker_id": "Speaker 2", "words": [ { "start": 362.73, "end": 363.05, "word": " inflation", "probability": 0.99658203125 }, { "start": 363.05, "end": 363.43, "word": " problem?", "probability": 1.0 } ] }, { "start": 363.65, "end": 367.59, "text": "I mean, it'll do some. I mean, there's always more factors involved. For example, in the", "speaker_id": "Speaker 1", "words": [ { "start": 363.65, "end": 363.91, "word": " I", "probability": 0.9609375 }, { "start": 363.91, "end": 364.01, "word": " mean,", "probability": 0.99951171875 }, { "start": 364.05, "end": 364.21, "word": " it'll", "probability": 0.99072265625 }, { "start": 364.21, "end": 364.35, "word": " do", "probability": 1.0 }, { "start": 364.35, "end": 364.65, "word": " some.", "probability": 0.99951171875 }, { "start": 364.77, "end": 364.77, "word": " I", "probability": 0.908203125 }, { "start": 364.77, "end": 364.85, "word": " mean,", "probability": 0.99951171875 }, { "start": 364.99, "end": 365.43, "word": " there's", "probability": 0.999267578125 }, { "start": 365.43, "end": 365.71, "word": " always", "probability": 1.0 }, { "start": 365.71, "end": 366.09, "word": " more", "probability": 1.0 }, { "start": 366.09, "end": 366.53, "word": " factors", "probability": 1.0 }, { "start": 366.53, "end": 366.91, "word": " involved.", "probability": 1.0 }, { "start": 367.05, "end": 367.13, "word": " For", "probability": 0.99951171875 }, { "start": 367.13, "end": 367.33, "word": " example,", "probability": 1.0 }, { "start": 367.43, "end": 367.51, "word": " in", "probability": 1.0 }, { "start": 367.51, "end": 367.59, "word": " the", "probability": 1.0 } ] }, { "start": 367.59, "end": 372.53, "text": "70s, there was that combination of high levels of bank lending and then crisis in the", "speaker_id": "Speaker 1", "words": [ { "start": 367.59, "end": 368.09, "word": " 70s,", "probability": 0.990234375 }, { "start": 368.21, "end": 368.21, "word": " there", "probability": 0.67431640625 }, { "start": 368.21, "end": 368.27, "word": " was", "probability": 0.86328125 }, { "start": 368.27, "end": 368.41, "word": " that", "probability": 0.99951171875 }, { "start": 368.41, "end": 369.07, "word": " combination", "probability": 1.0 }, { "start": 369.07, "end": 369.87, "word": " of", "probability": 1.0 }, { "start": 369.87, "end": 370.17, "word": " high", "probability": 1.0 }, { "start": 370.17, "end": 370.39, "word": " levels", "probability": 0.99951171875 }, { "start": 370.39, "end": 370.51, "word": " of", "probability": 1.0 }, { "start": 370.51, "end": 370.75, "word": " bank", "probability": 0.99853515625 }, { "start": 370.75, "end": 371.07, "word": " lending", "probability": 0.99951171875 }, { "start": 371.07, "end": 371.73, "word": " and", "probability": 0.8349609375 }, { "start": 371.73, "end": 371.87, "word": " then", "probability": 0.99951171875 }, { "start": 371.87, "end": 372.21, "word": " crisis", "probability": 0.95751953125 }, { "start": 372.21, "end": 372.45, "word": " in", "probability": 0.99951171875 }, { "start": 372.45, "end": 372.53, "word": " the", "probability": 1.0 } ] }, { "start": 372.53, "end": 377.49, "text": "middle east which gave us a real world constraint uh and likewise now on one hand we have", "speaker_id": "Speaker 1", "words": [ { "start": 372.53, "end": 372.65, "word": " middle", "probability": 0.02001953125 }, { "start": 372.65, "end": 372.87, "word": " east", "probability": 0.94921875 }, { "start": 372.87, "end": 373.05, "word": " which", "probability": 0.94775390625 }, { "start": 373.05, "end": 373.23, "word": " gave", "probability": 1.0 }, { "start": 373.23, "end": 373.37, "word": " us", "probability": 1.0 }, { "start": 373.37, "end": 373.63, "word": " a", "probability": 1.0 }, { "start": 373.63, "end": 373.85, "word": " real", "probability": 0.99951171875 }, { "start": 373.85, "end": 374.05, "word": " world", "probability": 0.9326171875 }, { "start": 374.05, "end": 374.45, "word": " constraint", "probability": 0.99853515625 }, { "start": 374.45, "end": 375.19, "word": " uh", "probability": 0.7626953125 }, { "start": 375.19, "end": 375.65, "word": " and", "probability": 0.99951171875 }, { "start": 375.65, "end": 376.07, "word": " likewise", "probability": 0.9990234375 }, { "start": 376.07, "end": 376.53, "word": " now", "probability": 1.0 }, { "start": 376.53, "end": 376.97, "word": " on", "probability": 0.99951171875 }, { "start": 376.97, "end": 377.15, "word": " one", "probability": 0.9990234375 }, { "start": 377.15, "end": 377.27, "word": " hand", "probability": 0.99951171875 }, { "start": 377.27, "end": 377.39, "word": " we", "probability": 0.99951171875 }, { "start": 377.39, "end": 377.49, "word": " have", "probability": 0.9970703125 } ] }, { "start": 377.49, "end": 382.37, "text": "that the fiscal uh dominance that the fiscal deficits that are structural and then we have", "speaker_id": "Speaker 1", "words": [ { "start": 377.49, "end": 377.63, "word": " that", "probability": 0.96923828125 }, { "start": 377.63, "end": 377.91, "word": " the", "probability": 0.99951171875 }, { "start": 377.91, "end": 378.31, "word": " fiscal", "probability": 0.990234375 }, { "start": 378.31, "end": 378.85, "word": " uh", "probability": 0.99462890625 }, { "start": 378.85, "end": 379.35, "word": " dominance", "probability": 0.998046875 }, { "start": 379.35, "end": 379.61, "word": " that", "probability": 0.93701171875 }, { "start": 379.61, "end": 379.75, "word": " the", "probability": 1.0 }, { "start": 379.75, "end": 380.01, "word": " fiscal", "probability": 0.97216796875 }, { "start": 380.01, "end": 380.33, "word": " deficits", "probability": 0.9970703125 }, { "start": 380.33, "end": 380.59, "word": " that", "probability": 1.0 }, { "start": 380.59, "end": 380.69, "word": " are", "probability": 1.0 }, { "start": 380.69, "end": 381.09, "word": " structural", "probability": 0.998046875 }, { "start": 381.09, "end": 381.87, "word": " and", "probability": 1.0 }, { "start": 381.87, "end": 382.01, "word": " then", "probability": 1.0 }, { "start": 382.01, "end": 382.13, "word": " we", "probability": 1.0 }, { "start": 382.13, "end": 382.37, "word": " have", "probability": 1.0 } ] }, { "start": 382.37, "end": 387.67, "text": "real world constraints um right now one of the biggest ones is energy and more specifically", "speaker_id": "Speaker 1", "words": [ { "start": 382.37, "end": 382.65, "word": " real", "probability": 1.0 }, { "start": 382.65, "end": 382.95, "word": " world", "probability": 0.99658203125 }, { "start": 382.95, "end": 383.49, "word": " constraints", "probability": 0.99951171875 }, { "start": 383.49, "end": 384.33, "word": " um", "probability": 0.99462890625 }, { "start": 384.33, "end": 385.43, "word": " right", "probability": 0.492919921875 }, { "start": 385.43, "end": 385.59, "word": " now", "probability": 1.0 }, { "start": 385.59, "end": 385.75, "word": " one", "probability": 1.0 }, { "start": 385.75, "end": 385.81, "word": " of", "probability": 0.99951171875 }, { "start": 385.81, "end": 385.89, "word": " the", "probability": 0.9990234375 }, { "start": 385.89, "end": 386.11, "word": " biggest", "probability": 0.99755859375 }, { "start": 386.11, "end": 386.43, "word": " ones", "probability": 0.99560546875 }, { "start": 386.43, "end": 386.59, "word": " is", "probability": 1.0 }, { "start": 386.59, "end": 386.95, "word": " energy", "probability": 1.0 }, { "start": 386.95, "end": 387.13, "word": " and", "probability": 1.0 }, { "start": 387.13, "end": 387.25, "word": " more", "probability": 1.0 }, { "start": 387.25, "end": 387.67, "word": " specifically", "probability": 0.99853515625 } ] }, { "start": 387.67, "end": 394.19, "text": "refined products um uh and so it is absolutely true that if you know if if the war is over", "speaker_id": "Speaker 1", "words": [ { "start": 387.67, "end": 388.17, "word": " refined", "probability": 0.99951171875 }, { "start": 388.17, "end": 388.77, "word": " products", "probability": 0.99951171875 }, { "start": 388.77, "end": 389.29, "word": " um", "probability": 0.927734375 }, { "start": 389.29, "end": 389.95, "word": " uh", "probability": 0.865234375 }, { "start": 389.95, "end": 390.29, "word": " and", "probability": 1.0 }, { "start": 390.29, "end": 390.51, "word": " so", "probability": 1.0 }, { "start": 390.51, "end": 390.93, "word": " it", "probability": 1.0 }, { "start": 390.93, "end": 391.19, "word": " is", "probability": 0.74560546875 }, { "start": 391.19, "end": 391.45, "word": " absolutely", "probability": 0.95947265625 }, { "start": 391.45, "end": 391.71, "word": " true", "probability": 1.0 }, { "start": 391.71, "end": 391.97, "word": " that", "probability": 1.0 }, { "start": 391.97, "end": 392.65, "word": " if", "probability": 1.0 }, { "start": 392.65, "end": 392.87, "word": " you", "probability": 0.71484375 }, { "start": 392.87, "end": 392.97, "word": " know", "probability": 0.9990234375 }, { "start": 392.97, "end": 393.17, "word": " if", "probability": 0.99951171875 }, { "start": 393.17, "end": 393.41, "word": " if", "probability": 0.54638671875 }, { "start": 393.41, "end": 393.47, "word": " the", "probability": 1.0 }, { "start": 393.47, "end": 393.71, "word": " war", "probability": 1.0 }, { "start": 393.71, "end": 393.91, "word": " is", "probability": 1.0 }, { "start": 393.91, "end": 394.19, "word": " over", "probability": 1.0 } ] }, { "start": 394.19, "end": 400.17, "text": "and if refinery stop being hit and all the all the transportation bottlenecks ease uh that", "speaker_id": "Speaker 1", "words": [ { "start": 394.19, "end": 394.95, "word": " and", "probability": 1.0 }, { "start": 394.95, "end": 395.35, "word": " if", "probability": 1.0 }, { "start": 395.35, "end": 395.73, "word": " refinery", "probability": 0.689208984375 }, { "start": 395.73, "end": 395.99, "word": " stop", "probability": 0.70654296875 }, { "start": 395.99, "end": 396.23, "word": " being", "probability": 1.0 }, { "start": 396.23, "end": 396.57, "word": " hit", "probability": 0.9970703125 }, { "start": 396.57, "end": 396.77, "word": " and", "probability": 1.0 }, { "start": 396.77, "end": 396.93, "word": " all", "probability": 1.0 }, { "start": 396.93, "end": 397.13, "word": " the", "probability": 0.56396484375 }, { "start": 397.13, "end": 397.13, "word": " all", "probability": 0.87939453125 }, { "start": 397.13, "end": 397.31, "word": " the", "probability": 1.0 }, { "start": 397.31, "end": 397.93, "word": " transportation", "probability": 0.9990234375 }, { "start": 397.93, "end": 398.57, "word": " bottlenecks", "probability": 0.998046875 }, { "start": 398.57, "end": 399.05, "word": " ease", "probability": 0.99267578125 }, { "start": 399.05, "end": 399.63, "word": " uh", "probability": 0.95556640625 }, { "start": 399.63, "end": 400.17, "word": " that", "probability": 0.99951171875 } ] }, { "start": 400.17, "end": 404.95, "text": "will contribute to lower energy prices which then can contribute to mildly lower uh", "speaker_id": "Speaker 1", "words": [ { "start": 400.17, "end": 400.57, "word": " will", "probability": 0.99951171875 }, { "start": 400.57, "end": 400.91, "word": " contribute", "probability": 0.63330078125 }, { "start": 400.91, "end": 401.11, "word": " to", "probability": 0.99951171875 }, { "start": 401.11, "end": 401.33, "word": " lower", "probability": 0.99755859375 }, { "start": 401.33, "end": 401.61, "word": " energy", "probability": 0.9990234375 }, { "start": 401.61, "end": 402.09, "word": " prices", "probability": 0.99951171875 }, { "start": 402.09, "end": 402.71, "word": " which", "probability": 0.1749267578125 }, { "start": 402.71, "end": 402.91, "word": " then", "probability": 0.98876953125 }, { "start": 402.91, "end": 403.09, "word": " can", "probability": 0.99462890625 }, { "start": 403.09, "end": 403.45, "word": " contribute", "probability": 0.998046875 }, { "start": 403.45, "end": 403.77, "word": " to", "probability": 0.998046875 }, { "start": 403.77, "end": 404.25, "word": " mildly", "probability": 0.940673828125 }, { "start": 404.25, "end": 404.57, "word": " lower", "probability": 0.99755859375 }, { "start": 404.57, "end": 404.95, "word": " uh", "probability": 0.294189453125 } ] }, { "start": 404.95, "end": 410.81, "text": "inflation that that part is true the problem is that's that's one factor among many we all", "speaker_id": "Speaker 1", "words": [ { "start": 404.95, "end": 405.55, "word": " inflation", "probability": 0.998046875 }, { "start": 405.55, "end": 405.83, "word": " that", "probability": 0.98291015625 }, { "start": 405.83, "end": 406.09, "word": " that", "probability": 0.99609375 }, { "start": 406.09, "end": 406.27, "word": " part", "probability": 0.99853515625 }, { "start": 406.27, "end": 406.43, "word": " is", "probability": 0.99951171875 }, { "start": 406.43, "end": 406.71, "word": " true", "probability": 0.99365234375 }, { "start": 406.71, "end": 407.31, "word": " the", "probability": 0.9931640625 }, { "start": 407.31, "end": 407.57, "word": " problem", "probability": 0.99951171875 }, { "start": 407.57, "end": 407.87, "word": " is", "probability": 1.0 }, { "start": 407.87, "end": 408.75, "word": " that's", "probability": 0.99853515625 }, { "start": 408.75, "end": 409.13, "word": " that's", "probability": 0.998779296875 }, { "start": 409.13, "end": 409.37, "word": " one", "probability": 1.0 }, { "start": 409.37, "end": 409.81, "word": " factor", "probability": 1.0 }, { "start": 409.81, "end": 410.05, "word": " among", "probability": 1.0 }, { "start": 410.05, "end": 410.37, "word": " many", "probability": 0.99951171875 }, { "start": 410.37, "end": 410.59, "word": " we", "probability": 0.99853515625 }, { "start": 410.59, "end": 410.81, "word": " all", "probability": 0.65576171875 } ] }, { "start": 410.81, "end": 414.49, "text": "you know we already had a two -speed economy or k -shaped economy and above target", "speaker_id": "Speaker 1", "words": [ { "start": 410.81, "end": 410.99, "word": " you", "probability": 0.99658203125 }, { "start": 410.99, "end": 411.09, "word": " know", "probability": 0.99951171875 }, { "start": 411.09, "end": 411.53, "word": " we", "probability": 1.0 }, { "start": 411.53, "end": 411.69, "word": " already", "probability": 1.0 }, { "start": 411.69, "end": 411.99, "word": " had", "probability": 1.0 }, { "start": 411.99, "end": 412.17, "word": " a", "probability": 0.99951171875 }, { "start": 412.17, "end": 412.31, "word": " two", "probability": 0.99853515625 }, { "start": 412.31, "end": 412.51, "word": "-speed", "probability": 0.98828125 }, { "start": 412.51, "end": 413.01, "word": " economy", "probability": 1.0 }, { "start": 413.01, "end": 413.19, "word": " or", "probability": 0.99951171875 }, { "start": 413.19, "end": 413.39, "word": " k", "probability": 0.98876953125 }, { "start": 413.39, "end": 413.63, "word": "-shaped", "probability": 0.997314453125 }, { "start": 413.63, "end": 413.99, "word": " economy", "probability": 0.99560546875 }, { "start": 413.99, "end": 414.13, "word": " and", "probability": 0.57958984375 }, { "start": 414.13, "end": 414.25, "word": " above", "probability": 1.0 }, { "start": 414.25, "end": 414.49, "word": " target", "probability": 0.93408203125 } ] }, { "start": 414.49, "end": 420.95, "text": "inflation before the war uh this just kind of added you know the next layer of it uh from", "speaker_id": "Speaker 1", "words": [ { "start": 414.49, "end": 414.91, "word": " inflation", "probability": 1.0 }, { "start": 414.91, "end": 415.29, "word": " before", "probability": 1.0 }, { "start": 415.29, "end": 415.51, "word": " the", "probability": 1.0 }, { "start": 415.51, "end": 415.79, "word": " war", "probability": 0.9990234375 }, { "start": 415.79, "end": 416.55, "word": " uh", "probability": 0.91748046875 }, { "start": 416.55, "end": 416.89, "word": " this", "probability": 1.0 }, { "start": 416.89, "end": 417.11, "word": " just", "probability": 1.0 }, { "start": 417.11, "end": 417.27, "word": " kind", "probability": 0.9990234375 }, { "start": 417.27, "end": 417.35, "word": " of", "probability": 0.99951171875 }, { "start": 417.35, "end": 417.73, "word": " added", "probability": 1.0 }, { "start": 417.73, "end": 418.81, "word": " you", "probability": 0.99951171875 }, { "start": 418.81, "end": 418.83, "word": " know", "probability": 0.99951171875 }, { "start": 418.83, "end": 419.01, "word": " the", "probability": 1.0 }, { "start": 419.01, "end": 419.23, "word": " next", "probability": 1.0 }, { "start": 419.23, "end": 419.55, "word": " layer", "probability": 1.0 }, { "start": 419.55, "end": 419.77, "word": " of", "probability": 1.0 }, { "start": 419.77, "end": 419.93, "word": " it", "probability": 0.99951171875 }, { "start": 419.93, "end": 420.47, "word": " uh", "probability": 0.953125 }, { "start": 420.47, "end": 420.95, "word": " from", "probability": 0.99951171875 } ] }, { "start": 420.95, "end": 424.95, "text": "what otherwise might have slowly kind of not necessarily go down but just kind of stopped", "speaker_id": "Speaker 1", "words": [ { "start": 420.95, "end": 421.07, "word": " what", "probability": 0.99951171875 }, { "start": 421.07, "end": 421.41, "word": " otherwise", "probability": 0.99951171875 }, { "start": 421.41, "end": 421.67, "word": " might", "probability": 1.0 }, { "start": 421.67, "end": 421.79, "word": " have", "probability": 0.99609375 }, { "start": 421.79, "end": 422.19, "word": " slowly", "probability": 1.0 }, { "start": 422.19, "end": 422.43, "word": " kind", "probability": 0.99755859375 }, { "start": 422.43, "end": 422.61, "word": " of", "probability": 0.99951171875 }, { "start": 422.61, "end": 423.33, "word": " not", "probability": 0.9990234375 }, { "start": 423.33, "end": 423.65, "word": " necessarily", "probability": 0.99951171875 }, { "start": 423.65, "end": 423.87, "word": " go", "probability": 0.998046875 }, { "start": 423.87, "end": 424.23, "word": " down", "probability": 1.0 }, { "start": 424.23, "end": 424.41, "word": " but", "probability": 1.0 }, { "start": 424.41, "end": 424.53, "word": " just", "probability": 0.99951171875 }, { "start": 424.53, "end": 424.67, "word": " kind", "probability": 0.9990234375 }, { "start": 424.67, "end": 424.75, "word": " of", "probability": 0.99951171875 }, { "start": 424.75, "end": 424.95, "word": " stopped", "probability": 0.8046875 } ] }, { "start": 424.95, "end": 430.31, "text": "getting worse for a period of time as they got got mildly worse for a period of time um and", "speaker_id": "Speaker 1", "words": [ { "start": 424.95, "end": 425.19, "word": " getting", "probability": 1.0 }, { "start": 425.19, "end": 425.47, "word": " worse", "probability": 0.99951171875 }, { "start": 425.47, "end": 425.63, "word": " for", "probability": 1.0 }, { "start": 425.63, "end": 425.77, "word": " a", "probability": 0.99951171875 }, { "start": 425.77, "end": 425.87, "word": " period", "probability": 0.9990234375 }, { "start": 425.87, "end": 425.97, "word": " of", "probability": 0.99951171875 }, { "start": 425.97, "end": 426.21, "word": " time", "probability": 0.99951171875 }, { "start": 426.21, "end": 426.41, "word": " as", "probability": 0.529296875 }, { "start": 426.41, "end": 426.53, "word": " they", "probability": 0.99951171875 }, { "start": 426.53, "end": 426.77, "word": " got", "probability": 0.99951171875 }, { "start": 426.77, "end": 427.05, "word": " got", "probability": 0.73486328125 }, { "start": 427.05, "end": 427.79, "word": " mildly", "probability": 0.99755859375 }, { "start": 427.79, "end": 428.01, "word": " worse", "probability": 0.9951171875 }, { "start": 428.01, "end": 428.17, "word": " for", "probability": 0.99951171875 }, { "start": 428.17, "end": 428.25, "word": " a", "probability": 1.0 }, { "start": 428.25, "end": 428.37, "word": " period", "probability": 1.0 }, { "start": 428.37, "end": 428.47, "word": " of", "probability": 1.0 }, { "start": 428.47, "end": 428.73, "word": " time", "probability": 1.0 }, { "start": 428.73, "end": 429.63, "word": " um", "probability": 0.06390380859375 }, { "start": 429.63, "end": 430.31, "word": " and", "probability": 0.99853515625 } ] }, { "start": 430.31, "end": 436.67, "text": "so it's a factor i mean policies matter you know wars matter um uh but the other factors is", "speaker_id": "Speaker 1", "words": [ { "start": 430.31, "end": 430.49, "word": " so", "probability": 1.0 }, { "start": 430.49, "end": 430.77, "word": " it's", "probability": 1.0 }, { "start": 430.77, "end": 430.85, "word": " a", "probability": 1.0 }, { "start": 430.85, "end": 431.29, "word": " factor", "probability": 0.99951171875 }, { "start": 431.29, "end": 431.77, "word": " i", "probability": 0.89013671875 }, { "start": 431.77, "end": 431.87, "word": " mean", "probability": 1.0 }, { "start": 431.87, "end": 432.35, "word": " policies", "probability": 0.99951171875 }, { "start": 432.35, "end": 432.75, "word": " matter", "probability": 0.99951171875 }, { "start": 432.75, "end": 433.11, "word": " you", "probability": 0.275634765625 }, { "start": 433.11, "end": 433.37, "word": " know", "probability": 0.99951171875 }, { "start": 433.37, "end": 433.71, "word": " wars", "probability": 0.9970703125 }, { "start": 433.71, "end": 434.11, "word": " matter", "probability": 1.0 }, { "start": 434.11, "end": 434.99, "word": " um", "probability": 0.982421875 }, { "start": 434.99, "end": 435.49, "word": " uh", "probability": 0.70556640625 }, { "start": 435.49, "end": 435.75, "word": " but", "probability": 1.0 }, { "start": 435.75, "end": 435.87, "word": " the", "probability": 1.0 }, { "start": 435.87, "end": 436.05, "word": " other", "probability": 1.0 }, { "start": 436.05, "end": 436.49, "word": " factors", "probability": 0.93798828125 }, { "start": 436.49, "end": 436.67, "word": " is", "probability": 0.9951171875 } ] }, { "start": 436.67, "end": 440.83, "text": "that that fiscal side uh and then of course even things like just ai when you're trying to", "speaker_id": "Speaker 1", "words": [ { "start": 436.67, "end": 436.83, "word": " that", "probability": 1.0 }, { "start": 436.83, "end": 436.99, "word": " that", "probability": 0.9990234375 }, { "start": 436.99, "end": 437.31, "word": " fiscal", "probability": 0.95849609375 }, { "start": 437.31, "end": 437.69, "word": " side", "probability": 1.0 }, { "start": 437.69, "end": 438.27, "word": " uh", "probability": 0.953125 }, { "start": 438.27, "end": 438.53, "word": " and", "probability": 1.0 }, { "start": 438.53, "end": 438.61, "word": " then", "probability": 1.0 }, { "start": 438.61, "end": 438.77, "word": " of", "probability": 1.0 }, { "start": 438.77, "end": 438.89, "word": " course", "probability": 0.99951171875 }, { "start": 438.89, "end": 439.13, "word": " even", "probability": 0.9990234375 }, { "start": 439.13, "end": 439.35, "word": " things", "probability": 1.0 }, { "start": 439.35, "end": 439.61, "word": " like", "probability": 0.99951171875 }, { "start": 439.61, "end": 439.83, "word": " just", "probability": 0.99951171875 }, { "start": 439.83, "end": 440.15, "word": " ai", "probability": 0.98095703125 }, { "start": 440.15, "end": 440.49, "word": " when", "probability": 1.0 }, { "start": 440.49, "end": 440.59, "word": " you're", "probability": 0.99951171875 }, { "start": 440.59, "end": 440.69, "word": " trying", "probability": 0.99951171875 }, { "start": 440.69, "end": 440.83, "word": " to", "probability": 0.9990234375 } ] }, { "start": 440.83, "end": 446.19, "text": "you know you're building out power you're building you're using these resources um it takes", "speaker_id": "Speaker 1", "words": [ { "start": 440.83, "end": 441.17, "word": " you", "probability": 1.0 }, { "start": 441.17, "end": 441.23, "word": " know", "probability": 0.9990234375 }, { "start": 441.23, "end": 441.63, "word": " you're", "probability": 1.0 }, { "start": 441.63, "end": 441.87, "word": " building", "probability": 0.7451171875 }, { "start": 441.87, "end": 442.05, "word": " out", "probability": 0.97802734375 }, { "start": 442.05, "end": 442.45, "word": " power", "probability": 0.99951171875 }, { "start": 442.45, "end": 442.71, "word": " you're", "probability": 1.0 }, { "start": 442.71, "end": 442.93, "word": " building", "probability": 0.986328125 }, { "start": 442.93, "end": 443.21, "word": " you're", "probability": 0.999755859375 }, { "start": 443.21, "end": 443.41, "word": " using", "probability": 0.99951171875 }, { "start": 443.41, "end": 443.61, "word": " these", "probability": 0.9990234375 }, { "start": 443.61, "end": 444.09, "word": " resources", "probability": 0.9970703125 }, { "start": 444.09, "end": 445.05, "word": " um", "probability": 0.962890625 }, { "start": 445.05, "end": 445.93, "word": " it", "probability": 1.0 }, { "start": 445.93, "end": 446.19, "word": " takes", "probability": 0.99365234375 } ] }, { "start": 446.19, "end": 451.49, "text": "away from for example building new homes which makes it harder for home prices to go down", "speaker_id": "Speaker 1", "words": [ { "start": 446.19, "end": 446.43, "word": " away", "probability": 0.99951171875 }, { "start": 446.43, "end": 446.69, "word": " from", "probability": 1.0 }, { "start": 446.69, "end": 446.87, "word": " for", "probability": 1.0 }, { "start": 446.87, "end": 447.13, "word": " example", "probability": 0.9990234375 }, { "start": 447.13, "end": 447.53, "word": " building", "probability": 0.99951171875 }, { "start": 447.53, "end": 447.71, "word": " new", "probability": 1.0 }, { "start": 447.71, "end": 448.19, "word": " homes", "probability": 0.99951171875 }, { "start": 448.19, "end": 449.09, "word": " which", "probability": 1.0 }, { "start": 449.09, "end": 449.69, "word": " makes", "probability": 1.0 }, { "start": 449.69, "end": 449.81, "word": " it", "probability": 1.0 }, { "start": 449.81, "end": 450.05, "word": " harder", "probability": 0.76318359375 }, { "start": 450.05, "end": 450.27, "word": " for", "probability": 1.0 }, { "start": 450.27, "end": 450.45, "word": " home", "probability": 1.0 }, { "start": 450.45, "end": 450.83, "word": " prices", "probability": 0.99951171875 }, { "start": 450.83, "end": 451.05, "word": " to", "probability": 1.0 }, { "start": 451.05, "end": 451.21, "word": " go", "probability": 1.0 }, { "start": 451.21, "end": 451.49, "word": " down", "probability": 1.0 } ] }, { "start": 451.49, "end": 456.35, "text": "despite higher rates um and so a lot of these factors come together but a lot of is still", "speaker_id": "Speaker 1", "words": [ { "start": 451.49, "end": 451.81, "word": " despite", "probability": 1.0 }, { "start": 451.81, "end": 452.19, "word": " higher", "probability": 1.0 }, { "start": 452.19, "end": 452.61, "word": " rates", "probability": 1.0 }, { "start": 452.61, "end": 453.35, "word": " um", "probability": 0.90576171875 }, { "start": 453.35, "end": 453.89, "word": " and", "probability": 0.99951171875 }, { "start": 453.89, "end": 453.99, "word": " so", "probability": 0.99951171875 }, { "start": 453.99, "end": 454.15, "word": " a", "probability": 1.0 }, { "start": 454.15, "end": 454.21, "word": " lot", "probability": 1.0 }, { "start": 454.21, "end": 454.29, "word": " of", "probability": 0.99951171875 }, { "start": 454.29, "end": 454.41, "word": " these", "probability": 0.99951171875 }, { "start": 454.41, "end": 454.67, "word": " factors", "probability": 0.99951171875 }, { "start": 454.67, "end": 454.91, "word": " come", "probability": 0.99951171875 }, { "start": 454.91, "end": 455.21, "word": " together", "probability": 0.99951171875 }, { "start": 455.21, "end": 455.53, "word": " but", "probability": 0.99951171875 }, { "start": 455.53, "end": 455.73, "word": " a", "probability": 1.0 }, { "start": 455.73, "end": 455.87, "word": " lot", "probability": 0.99951171875 }, { "start": 455.87, "end": 456.03, "word": " of", "probability": 0.99951171875 }, { "start": 456.03, "end": 456.17, "word": " is", "probability": 0.2406005859375 }, { "start": 456.17, "end": 456.35, "word": " still", "probability": 0.99951171875 } ] }, { "start": 456.35, "end": 459.71, "text": "driven by that fiscal side, which is not going to be addressed in any sort of investable", "speaker_id": "Speaker 1", "words": [ { "start": 456.35, "end": 456.67, "word": " driven", "probability": 1.0 }, { "start": 456.67, "end": 456.87, "word": " by", "probability": 1.0 }, { "start": 456.87, "end": 457.05, "word": " that", "probability": 0.9921875 }, { "start": 457.05, "end": 457.31, "word": " fiscal", "probability": 0.99755859375 }, { "start": 457.31, "end": 457.69, "word": " side,", "probability": 1.0 }, { "start": 457.85, "end": 457.91, "word": " which", "probability": 1.0 }, { "start": 457.91, "end": 458.03, "word": " is", "probability": 1.0 }, { "start": 458.03, "end": 458.15, "word": " not", "probability": 1.0 }, { "start": 458.15, "end": 458.29, "word": " going", "probability": 0.9619140625 }, { "start": 458.29, "end": 458.35, "word": " to", "probability": 1.0 }, { "start": 458.35, "end": 458.41, "word": " be", "probability": 0.99853515625 }, { "start": 458.41, "end": 458.75, "word": " addressed", "probability": 1.0 }, { "start": 458.75, "end": 458.97, "word": " in", "probability": 0.97607421875 }, { "start": 458.97, "end": 459.09, "word": " any", "probability": 1.0 }, { "start": 459.09, "end": 459.21, "word": " sort", "probability": 0.994140625 }, { "start": 459.21, "end": 459.35, "word": " of", "probability": 0.99951171875 }, { "start": 459.35, "end": 459.71, "word": " investable", "probability": 0.98681640625 } ] }, { "start": 459.71, "end": 460.29, "text": "time horizon.", "speaker_id": "Speaker 1", "words": [ { "start": 459.71, "end": 459.89, "word": " time", "probability": 0.9990234375 }, { "start": 459.89, "end": 460.29, "word": " horizon.", "probability": 0.9970703125 } ] }, { "start": 460.73, "end": 465.75, "text": "Yeah. And, you know, that's a lot of folks will say, you know, Besson's got his back up", "speaker_id": "Speaker 2", "words": [ { "start": 460.73, "end": 460.93, "word": " Yeah.", "probability": 0.90625 }, { "start": 461.57, "end": 462.01, "word": " And,", "probability": 0.92236328125 }, { "start": 462.01, "end": 462.29, "word": " you", "probability": 0.9990234375 }, { "start": 462.29, "end": 462.33, "word": " know,", "probability": 1.0 }, { "start": 462.39, "end": 462.59, "word": " that's", "probability": 0.9501953125 }, { "start": 462.59, "end": 463.15, "word": " a", "probability": 0.75244140625 }, { "start": 463.15, "end": 463.27, "word": " lot", "probability": 1.0 }, { "start": 463.27, "end": 463.37, "word": " of", "probability": 1.0 }, { "start": 463.37, "end": 463.61, "word": " folks", "probability": 1.0 }, { "start": 463.61, "end": 463.77, "word": " will", "probability": 0.99853515625 }, { "start": 463.77, "end": 464.17, "word": " say,", "probability": 1.0 }, { "start": 464.49, "end": 464.59, "word": " you", "probability": 0.9970703125 }, { "start": 464.59, "end": 464.67, "word": " know,", "probability": 1.0 }, { "start": 464.77, "end": 465.13, "word": " Besson's", "probability": 0.9342041015625 }, { "start": 465.13, "end": 465.25, "word": " got", "probability": 1.0 }, { "start": 465.25, "end": 465.39, "word": " his", "probability": 0.998046875 }, { "start": 465.39, "end": 465.61, "word": " back", "probability": 0.998046875 }, { "start": 465.61, "end": 465.75, "word": " up", "probability": 1.0 } ] }, { "start": 465.75, "end": 471.49, "text": "against the wall. What do you make of, he's been appointing some interesting counselors to", "speaker_id": "Speaker 2", "words": [ { "start": 465.75, "end": 466.03, "word": " against", "probability": 1.0 }, { "start": 466.03, "end": 466.21, "word": " the", "probability": 1.0 }, { "start": 466.21, "end": 466.57, "word": " wall.", "probability": 0.99951171875 }, { "start": 466.87, "end": 467.27, "word": " What", "probability": 0.99609375 }, { "start": 467.27, "end": 467.35, "word": " do", "probability": 1.0 }, { "start": 467.35, "end": 467.43, "word": " you", "probability": 1.0 }, { "start": 467.43, "end": 467.67, "word": " make", "probability": 0.9990234375 }, { "start": 467.67, "end": 467.87, "word": " of,", "probability": 1.0 }, { "start": 468.11, "end": 468.97, "word": " he's", "probability": 1.0 }, { "start": 468.97, "end": 469.07, "word": " been", "probability": 1.0 }, { "start": 469.07, "end": 469.69, "word": " appointing", "probability": 0.999755859375 }, { "start": 469.69, "end": 469.93, "word": " some", "probability": 1.0 }, { "start": 469.93, "end": 470.63, "word": " interesting", "probability": 1.0 }, { "start": 470.63, "end": 471.19, "word": " counselors", "probability": 0.92578125 }, { "start": 471.19, "end": 471.49, "word": " to", "probability": 1.0 } ] }, { "start": 471.49, "end": 478.25, "text": "Treasury. Judy Shelton's one of them, sort of known sound money, gold person. And there's,", "speaker_id": "Speaker 2", "words": [ { "start": 471.49, "end": 471.93, "word": " Treasury.", "probability": 0.9189453125 }, { "start": 472.37, "end": 472.55, "word": " Judy", "probability": 0.99365234375 }, { "start": 472.55, "end": 473.13, "word": " Shelton's", "probability": 0.9861653645833334 }, { "start": 473.13, "end": 473.29, "word": " one", "probability": 0.998046875 }, { "start": 473.29, "end": 473.41, "word": " of", "probability": 1.0 }, { "start": 473.41, "end": 473.77, "word": " them,", "probability": 0.99951171875 }, { "start": 474.21, "end": 475.31, "word": " sort", "probability": 0.9814453125 }, { "start": 475.31, "end": 475.41, "word": " of", "probability": 1.0 }, { "start": 475.41, "end": 475.85, "word": " known", "probability": 0.99951171875 }, { "start": 475.85, "end": 476.27, "word": " sound", "probability": 0.8662109375 }, { "start": 476.27, "end": 476.71, "word": " money,", "probability": 0.99951171875 }, { "start": 476.93, "end": 477.31, "word": " gold", "probability": 0.99951171875 }, { "start": 477.31, "end": 477.83, "word": " person.", "probability": 0.99853515625 }, { "start": 477.99, "end": 478.03, "word": " And", "probability": 0.98974609375 }, { "start": 478.03, "end": 478.25, "word": " there's,", "probability": 0.6580810546875 } ] }, { "start": 478.29, "end": 483.31, "text": "it's fueled a lot of speculation that maybe Treasury's planning some sort of huge policy", "speaker_id": "Speaker 2", "words": [ { "start": 478.29, "end": 478.45, "word": " it's", "probability": 1.0 }, { "start": 478.45, "end": 478.69, "word": " fueled", "probability": 0.99951171875 }, { "start": 478.69, "end": 478.85, "word": " a", "probability": 1.0 }, { "start": 478.85, "end": 478.95, "word": " lot", "probability": 1.0 }, { "start": 478.95, "end": 479.03, "word": " of", "probability": 0.9990234375 }, { "start": 479.03, "end": 479.53, "word": " speculation", "probability": 1.0 }, { "start": 479.53, "end": 479.97, "word": " that", "probability": 1.0 }, { "start": 479.97, "end": 480.75, "word": " maybe", "probability": 0.99951171875 }, { "start": 480.75, "end": 481.51, "word": " Treasury's", "probability": 0.972900390625 }, { "start": 481.51, "end": 481.81, "word": " planning", "probability": 0.99951171875 }, { "start": 481.81, "end": 482.09, "word": " some", "probability": 1.0 }, { "start": 482.09, "end": 482.27, "word": " sort", "probability": 0.7451171875 }, { "start": 482.27, "end": 482.41, "word": " of", "probability": 1.0 }, { "start": 482.41, "end": 482.71, "word": " huge", "probability": 0.9990234375 }, { "start": 482.71, "end": 483.31, "word": " policy", "probability": 1.0 } ] }, { "start": 483.31, "end": 489.71, "text": "move to kind of try to address these high rates, high debt levels that just stretch out and", "speaker_id": "Speaker 2", "words": [ { "start": 483.31, "end": 483.71, "word": " move", "probability": 0.99951171875 }, { "start": 483.71, "end": 483.91, "word": " to", "probability": 0.9951171875 }, { "start": 483.91, "end": 484.09, "word": " kind", "probability": 0.9404296875 }, { "start": 484.09, "end": 484.23, "word": " of", "probability": 1.0 }, { "start": 484.23, "end": 484.43, "word": " try", "probability": 1.0 }, { "start": 484.43, "end": 484.57, "word": " to", "probability": 1.0 }, { "start": 484.57, "end": 485.03, "word": " address", "probability": 1.0 }, { "start": 485.03, "end": 485.55, "word": " these", "probability": 1.0 }, { "start": 485.55, "end": 486.33, "word": " high", "probability": 1.0 }, { "start": 486.33, "end": 486.67, "word": " rates,", "probability": 0.9990234375 }, { "start": 486.81, "end": 486.91, "word": " high", "probability": 0.99951171875 }, { "start": 486.91, "end": 487.13, "word": " debt", "probability": 0.99951171875 }, { "start": 487.13, "end": 487.57, "word": " levels", "probability": 1.0 }, { "start": 487.57, "end": 487.97, "word": " that", "probability": 0.99951171875 }, { "start": 487.97, "end": 488.77, "word": " just", "probability": 0.79443359375 }, { "start": 488.77, "end": 489.17, "word": " stretch", "probability": 1.0 }, { "start": 489.17, "end": 489.49, "word": " out", "probability": 1.0 }, { "start": 489.49, "end": 489.71, "word": " and", "probability": 0.9990234375 } ] }, { "start": 489.71, "end": 495.97, "text": "seem to be kind of unsolvable, maybe revaluing U .S. gold holdings. Do you give any merit", "speaker_id": "Speaker 2", "words": [ { "start": 489.71, "end": 490.21, "word": " seem", "probability": 0.9990234375 }, { "start": 490.21, "end": 490.39, "word": " to", "probability": 1.0 }, { "start": 490.39, "end": 490.71, "word": " be", "probability": 1.0 }, { "start": 490.71, "end": 491.15, "word": " kind", "probability": 0.9990234375 }, { "start": 491.15, "end": 491.25, "word": " of", "probability": 1.0 }, { "start": 491.25, "end": 491.85, "word": " unsolvable,", "probability": 0.99853515625 }, { "start": 491.85, "end": 492.61, "word": " maybe", "probability": 1.0 }, { "start": 492.61, "end": 493.27, "word": " revaluing", "probability": 0.9908854166666666 }, { "start": 493.27, "end": 494.29, "word": " U", "probability": 0.44873046875 }, { "start": 494.29, "end": 494.39, "word": ".S.", "probability": 0.999755859375 }, { "start": 494.49, "end": 494.67, "word": " gold", "probability": 0.9892578125 }, { "start": 494.67, "end": 495.19, "word": " holdings.", "probability": 0.9990234375 }, { "start": 495.29, "end": 495.37, "word": " Do", "probability": 0.99951171875 }, { "start": 495.37, "end": 495.45, "word": " you", "probability": 0.99951171875 }, { "start": 495.45, "end": 495.57, "word": " give", "probability": 0.98779296875 }, { "start": 495.57, "end": 495.73, "word": " any", "probability": 1.0 }, { "start": 495.73, "end": 495.97, "word": " merit", "probability": 1.0 } ] }, { "start": 495.97, "end": 497.13, "text": "to that? Have you thought about that?", "speaker_id": "Speaker 2", "words": [ { "start": 495.97, "end": 496.13, "word": " to", "probability": 1.0 }, { "start": 496.13, "end": 496.31, "word": " that?", "probability": 1.0 }, { "start": 496.37, "end": 496.47, "word": " Have", "probability": 0.998046875 }, { "start": 496.47, "end": 496.53, "word": " you", "probability": 1.0 }, { "start": 496.53, "end": 496.73, "word": " thought", "probability": 1.0 }, { "start": 496.73, "end": 496.89, "word": " about", "probability": 1.0 }, { "start": 496.89, "end": 497.13, "word": " that?", "probability": 1.0 } ] }, { "start": 497.33, "end": 501.21, "text": "I mean, I think it's worth monitoring. Revaluing gold holdings is kind of like one of the", "speaker_id": "Speaker 1", "words": [ { "start": 497.33, "end": 497.51, "word": " I", "probability": 0.99267578125 }, { "start": 497.51, "end": 497.59, "word": " mean,", "probability": 0.97216796875 }, { "start": 497.67, "end": 497.69, "word": " I", "probability": 1.0 }, { "start": 497.69, "end": 497.79, "word": " think", "probability": 1.0 }, { "start": 497.79, "end": 497.93, "word": " it's", "probability": 1.0 }, { "start": 497.93, "end": 498.07, "word": " worth", "probability": 1.0 }, { "start": 498.07, "end": 498.57, "word": " monitoring.", "probability": 1.0 }, { "start": 499.07, "end": 499.45, "word": " Revaluing", "probability": 0.9884440104166666 }, { "start": 499.45, "end": 499.77, "word": " gold", "probability": 1.0 }, { "start": 499.77, "end": 500.21, "word": " holdings", "probability": 0.999755859375 }, { "start": 500.21, "end": 500.39, "word": " is", "probability": 1.0 }, { "start": 500.39, "end": 500.55, "word": " kind", "probability": 1.0 }, { "start": 500.55, "end": 500.71, "word": " of", "probability": 1.0 }, { "start": 500.71, "end": 500.89, "word": " like", "probability": 0.97509765625 }, { "start": 500.89, "end": 501.05, "word": " one", "probability": 0.9990234375 }, { "start": 501.05, "end": 501.13, "word": " of", "probability": 0.99951171875 }, { "start": 501.13, "end": 501.21, "word": " the", "probability": 0.998046875 } ] }, { "start": 501.21, "end": 507.31, "text": "break the glass mechanisms that they have, where it's one of the few ways where you can", "speaker_id": "Speaker 1", "words": [ { "start": 501.21, "end": 501.45, "word": " break", "probability": 0.99169921875 }, { "start": 501.45, "end": 501.59, "word": " the", "probability": 0.814453125 }, { "start": 501.59, "end": 502.03, "word": " glass", "probability": 0.99951171875 }, { "start": 502.03, "end": 503.25, "word": " mechanisms", "probability": 0.99951171875 }, { "start": 503.25, "end": 503.53, "word": " that", "probability": 1.0 }, { "start": 503.53, "end": 503.65, "word": " they", "probability": 1.0 }, { "start": 503.65, "end": 504.03, "word": " have,", "probability": 1.0 }, { "start": 504.15, "end": 505.31, "word": " where", "probability": 0.9990234375 }, { "start": 505.31, "end": 505.83, "word": " it's", "probability": 1.0 }, { "start": 505.83, "end": 505.93, "word": " one", "probability": 1.0 }, { "start": 505.93, "end": 505.99, "word": " of", "probability": 1.0 }, { "start": 505.99, "end": 506.07, "word": " the", "probability": 0.99951171875 }, { "start": 506.07, "end": 506.25, "word": " few", "probability": 0.99951171875 }, { "start": 506.25, "end": 506.67, "word": " ways", "probability": 1.0 }, { "start": 506.67, "end": 506.93, "word": " where", "probability": 0.9990234375 }, { "start": 506.93, "end": 507.11, "word": " you", "probability": 0.859375 }, { "start": 507.11, "end": 507.31, "word": " can", "probability": 1.0 } ] }, { "start": 507.31, "end": 511.77, "text": "create, like the government can create new money without creating an associated amount of", "speaker_id": "Speaker 1", "words": [ { "start": 507.31, "end": 508.35, "word": " create,", "probability": 0.8935546875 }, { "start": 508.57, "end": 508.65, "word": " like", "probability": 0.966796875 }, { "start": 508.65, "end": 508.77, "word": " the", "probability": 0.97509765625 }, { "start": 508.77, "end": 508.99, "word": " government", "probability": 1.0 }, { "start": 508.99, "end": 509.21, "word": " can", "probability": 0.99951171875 }, { "start": 509.21, "end": 509.47, "word": " create", "probability": 1.0 }, { "start": 509.47, "end": 509.63, "word": " new", "probability": 0.99951171875 }, { "start": 509.63, "end": 509.87, "word": " money", "probability": 1.0 }, { "start": 509.87, "end": 510.07, "word": " without", "probability": 1.0 }, { "start": 510.07, "end": 510.79, "word": " creating", "probability": 0.931640625 }, { "start": 510.79, "end": 510.99, "word": " an", "probability": 0.9951171875 }, { "start": 510.99, "end": 511.43, "word": " associated", "probability": 0.99658203125 }, { "start": 511.43, "end": 511.63, "word": " amount", "probability": 1.0 }, { "start": 511.63, "end": 511.77, "word": " of", "probability": 1.0 } ] }, { "start": 511.77, "end": 517.91, "text": "debt. So if they increase the official holdings of gold, it basically fills up their", "speaker_id": "Speaker 1", "words": [ { "start": 511.77, "end": 511.99, "word": " debt.", "probability": 1.0 }, { "start": 512.41, "end": 512.89, "word": " So", "probability": 0.69140625 }, { "start": 512.89, "end": 513.03, "word": " if", "probability": 0.93310546875 }, { "start": 513.03, "end": 513.67, "word": " they", "probability": 1.0 }, { "start": 513.67, "end": 514.73, "word": " increase", "probability": 0.95263671875 }, { "start": 514.73, "end": 514.97, "word": " the", "probability": 1.0 }, { "start": 514.97, "end": 515.29, "word": " official", "probability": 0.99853515625 }, { "start": 515.29, "end": 515.77, "word": " holdings", "probability": 0.999755859375 }, { "start": 515.77, "end": 515.89, "word": " of", "probability": 1.0 }, { "start": 515.89, "end": 516.21, "word": " gold,", "probability": 0.99951171875 }, { "start": 516.41, "end": 516.77, "word": " it", "probability": 0.99951171875 }, { "start": 516.77, "end": 517.09, "word": " basically", "probability": 0.99951171875 }, { "start": 517.09, "end": 517.45, "word": " fills", "probability": 0.99951171875 }, { "start": 517.45, "end": 517.69, "word": " up", "probability": 0.99951171875 }, { "start": 517.69, "end": 517.91, "word": " their", "probability": 0.99951171875 } ] }, { "start": 517.91, "end": 521.11, "text": "treasury general account with cash, which they can then spend,", "speaker_id": "Speaker 1", "words": [ { "start": 517.91, "end": 518.31, "word": " treasury", "probability": 0.80078125 }, { "start": 518.31, "end": 518.63, "word": " general", "probability": 0.99169921875 }, { "start": 518.63, "end": 519.01, "word": " account", "probability": 0.99951171875 }, { "start": 519.01, "end": 519.27, "word": " with", "probability": 1.0 }, { "start": 519.27, "end": 519.75, "word": " cash,", "probability": 1.0 }, { "start": 519.77, "end": 520.25, "word": " which", "probability": 1.0 }, { "start": 520.25, "end": 520.39, "word": " they", "probability": 1.0 }, { "start": 520.39, "end": 520.55, "word": " can", "probability": 1.0 }, { "start": 520.55, "end": 520.71, "word": " then", "probability": 0.99951171875 }, { "start": 520.71, "end": 521.11, "word": " spend,", "probability": 1.0 } ] }, { "start": 522.43, "end": 527.97, "text": "which is kind of an interesting effect in the economy. Now that would be inflationary. That", "speaker_id": "Speaker 1", "words": [ { "start": 522.43, "end": 522.91, "word": " which", "probability": 0.9990234375 }, { "start": 522.91, "end": 523.05, "word": " is", "probability": 0.9990234375 }, { "start": 523.05, "end": 523.13, "word": " kind", "probability": 0.9580078125 }, { "start": 523.13, "end": 523.23, "word": " of", "probability": 1.0 }, { "start": 523.23, "end": 523.35, "word": " an", "probability": 0.61767578125 }, { "start": 523.35, "end": 523.53, "word": " interesting", "probability": 0.99951171875 }, { "start": 523.53, "end": 523.83, "word": " effect", "probability": 0.9990234375 }, { "start": 523.83, "end": 523.97, "word": " in", "probability": 0.93896484375 }, { "start": 523.97, "end": 524.07, "word": " the", "probability": 1.0 }, { "start": 524.07, "end": 524.51, "word": " economy.", "probability": 0.9990234375 }, { "start": 524.93, "end": 525.15, "word": " Now", "probability": 0.99755859375 }, { "start": 525.15, "end": 525.31, "word": " that", "probability": 0.55419921875 }, { "start": 525.31, "end": 525.49, "word": " would", "probability": 1.0 }, { "start": 525.49, "end": 525.63, "word": " be", "probability": 1.0 }, { "start": 525.63, "end": 526.31, "word": " inflationary.", "probability": 0.999755859375 }, { "start": 527.49, "end": 527.97, "word": " That", "probability": 0.9990234375 } ] }, { "start": 527.97, "end": 532.41, "text": "would be a very pro -liquidity move. So if the intention is to weaken the dollar, for", "speaker_id": "Speaker 1", "words": [ { "start": 527.97, "end": 528.09, "word": " would", "probability": 1.0 }, { "start": 528.09, "end": 528.21, "word": " be", "probability": 1.0 }, { "start": 528.21, "end": 528.29, "word": " a", "probability": 1.0 }, { "start": 528.29, "end": 528.45, "word": " very", "probability": 0.9990234375 }, { "start": 528.45, "end": 528.73, "word": " pro", "probability": 0.99951171875 }, { "start": 528.73, "end": 529.09, "word": "-liquidity", "probability": 0.9339599609375 }, { "start": 529.09, "end": 529.51, "word": " move.", "probability": 1.0 }, { "start": 529.67, "end": 530.09, "word": " So", "probability": 0.99365234375 }, { "start": 530.09, "end": 530.59, "word": " if", "probability": 0.99951171875 }, { "start": 530.59, "end": 530.71, "word": " the", "probability": 1.0 }, { "start": 530.71, "end": 530.97, "word": " intention", "probability": 0.99853515625 }, { "start": 530.97, "end": 531.21, "word": " is", "probability": 1.0 }, { "start": 531.21, "end": 531.33, "word": " to", "probability": 1.0 }, { "start": 531.33, "end": 531.61, "word": " weaken", "probability": 0.99951171875 }, { "start": 531.61, "end": 531.81, "word": " the", "probability": 1.0 }, { "start": 531.81, "end": 532.11, "word": " dollar,", "probability": 0.99951171875 }, { "start": 532.35, "end": 532.41, "word": " for", "probability": 0.998046875 } ] }, { "start": 532.41, "end": 537.15, "text": "example, that's a mechanism that they have, but they have to balance that with the concerns", "speaker_id": "Speaker 1", "words": [ { "start": 532.41, "end": 532.77, "word": " example,", "probability": 1.0 }, { "start": 533.19, "end": 533.91, "word": " that's", "probability": 0.99365234375 }, { "start": 533.91, "end": 533.99, "word": " a", "probability": 0.98583984375 }, { "start": 533.99, "end": 534.29, "word": " mechanism", "probability": 0.99951171875 }, { "start": 534.29, "end": 534.49, "word": " that", "probability": 0.99951171875 }, { "start": 534.49, "end": 534.59, "word": " they", "probability": 0.99951171875 }, { "start": 534.59, "end": 534.97, "word": " have,", "probability": 1.0 }, { "start": 535.07, "end": 535.47, "word": " but", "probability": 1.0 }, { "start": 535.47, "end": 535.61, "word": " they", "probability": 1.0 }, { "start": 535.61, "end": 535.77, "word": " have", "probability": 1.0 }, { "start": 535.77, "end": 535.87, "word": " to", "probability": 1.0 }, { "start": 535.87, "end": 536.19, "word": " balance", "probability": 0.99853515625 }, { "start": 536.19, "end": 536.45, "word": " that", "probability": 1.0 }, { "start": 536.45, "end": 536.65, "word": " with", "probability": 1.0 }, { "start": 536.65, "end": 536.81, "word": " the", "probability": 0.9970703125 }, { "start": 536.81, "end": 537.15, "word": " concerns", "probability": 0.9970703125 } ] }, { "start": 537.15, "end": 542.59, "text": "around inflation because that that weakens people's wages that weakens um a lot of things", "speaker_id": "Speaker 1", "words": [ { "start": 537.15, "end": 537.33, "word": " around", "probability": 0.87451171875 }, { "start": 537.33, "end": 537.77, "word": " inflation", "probability": 0.99853515625 }, { "start": 537.77, "end": 538.35, "word": " because", "probability": 0.80419921875 }, { "start": 538.35, "end": 538.65, "word": " that", "probability": 0.9990234375 }, { "start": 538.65, "end": 538.85, "word": " that", "probability": 0.265380859375 }, { "start": 538.85, "end": 539.43, "word": " weakens", "probability": 0.98779296875 }, { "start": 539.43, "end": 539.79, "word": " people's", "probability": 0.998779296875 }, { "start": 539.79, "end": 540.13, "word": " wages", "probability": 0.99951171875 }, { "start": 540.13, "end": 540.35, "word": " that", "probability": 0.80712890625 }, { "start": 540.35, "end": 540.79, "word": " weakens", "probability": 0.9794921875 }, { "start": 540.79, "end": 541.53, "word": " um", "probability": 0.46484375 }, { "start": 541.53, "end": 542.21, "word": " a", "probability": 0.9990234375 }, { "start": 542.21, "end": 542.33, "word": " lot", "probability": 1.0 }, { "start": 542.33, "end": 542.43, "word": " of", "probability": 0.9990234375 }, { "start": 542.43, "end": 542.59, "word": " things", "probability": 0.9990234375 } ] }, { "start": 542.59, "end": 549.17, "text": "like that so the problem is when when when we're this far along into the dollar system", "speaker_id": "Speaker 1", "words": [ { "start": 542.59, "end": 542.77, "word": " like", "probability": 0.9990234375 }, { "start": 542.77, "end": 543.03, "word": " that", "probability": 0.99853515625 }, { "start": 543.03, "end": 543.33, "word": " so", "probability": 0.9892578125 }, { "start": 543.33, "end": 544.07, "word": " the", "probability": 1.0 }, { "start": 544.07, "end": 544.39, "word": " problem", "probability": 1.0 }, { "start": 544.39, "end": 544.57, "word": " is", "probability": 0.99951171875 }, { "start": 544.57, "end": 544.75, "word": " when", "probability": 1.0 }, { "start": 544.75, "end": 544.99, "word": " when", "probability": 0.990234375 }, { "start": 544.99, "end": 545.37, "word": " when", "probability": 0.93505859375 }, { "start": 545.37, "end": 545.61, "word": " we're", "probability": 0.999755859375 }, { "start": 545.61, "end": 545.81, "word": " this", "probability": 1.0 }, { "start": 545.81, "end": 546.11, "word": " far", "probability": 1.0 }, { "start": 546.11, "end": 546.57, "word": " along", "probability": 0.99365234375 }, { "start": 546.57, "end": 547.71, "word": " into", "probability": 0.99951171875 }, { "start": 547.71, "end": 548.49, "word": " the", "probability": 1.0 }, { "start": 548.49, "end": 548.73, "word": " dollar", "probability": 1.0 }, { "start": 548.73, "end": 549.17, "word": " system", "probability": 1.0 } ] }, { "start": 549.17, "end": 554.13, "text": "into debts and things like that all these decisions have trade -offs and there's some that", "speaker_id": "Speaker 1", "words": [ { "start": 549.17, "end": 549.61, "word": " into", "probability": 1.0 }, { "start": 549.61, "end": 549.97, "word": " debts", "probability": 0.98876953125 }, { "start": 549.97, "end": 550.11, "word": " and", "probability": 1.0 }, { "start": 550.11, "end": 550.31, "word": " things", "probability": 0.99951171875 }, { "start": 550.31, "end": 550.47, "word": " like", "probability": 1.0 }, { "start": 550.47, "end": 550.75, "word": " that", "probability": 0.99755859375 }, { "start": 550.75, "end": 551.53, "word": " all", "probability": 1.0 }, { "start": 551.53, "end": 551.77, "word": " these", "probability": 1.0 }, { "start": 551.77, "end": 552.15, "word": " decisions", "probability": 1.0 }, { "start": 552.15, "end": 552.43, "word": " have", "probability": 1.0 }, { "start": 552.43, "end": 552.71, "word": " trade", "probability": 1.0 }, { "start": 552.71, "end": 553.01, "word": "-offs", "probability": 0.996337890625 }, { "start": 553.01, "end": 553.65, "word": " and", "probability": 1.0 }, { "start": 553.65, "end": 553.87, "word": " there's", "probability": 0.989990234375 }, { "start": 553.87, "end": 554.01, "word": " some", "probability": 0.98779296875 }, { "start": 554.01, "end": 554.13, "word": " that", "probability": 1.0 } ] }, { "start": 554.13, "end": 558.83, "text": "might be better than others but they all kind of in some ways screw one group and benefit", "speaker_id": "Speaker 1", "words": [ { "start": 554.13, "end": 554.23, "word": " might", "probability": 0.9970703125 }, { "start": 554.23, "end": 554.35, "word": " be", "probability": 1.0 }, { "start": 554.35, "end": 554.57, "word": " better", "probability": 0.99951171875 }, { "start": 554.57, "end": 554.75, "word": " than", "probability": 1.0 }, { "start": 554.75, "end": 555.05, "word": " others", "probability": 0.99951171875 }, { "start": 555.05, "end": 555.79, "word": " but", "probability": 1.0 }, { "start": 555.79, "end": 555.93, "word": " they", "probability": 1.0 }, { "start": 555.93, "end": 556.27, "word": " all", "probability": 1.0 }, { "start": 556.27, "end": 556.59, "word": " kind", "probability": 1.0 }, { "start": 556.59, "end": 556.73, "word": " of", "probability": 0.9990234375 }, { "start": 556.73, "end": 556.95, "word": " in", "probability": 1.0 }, { "start": 556.95, "end": 557.11, "word": " some", "probability": 0.9990234375 }, { "start": 557.11, "end": 557.33, "word": " ways", "probability": 0.99755859375 }, { "start": 557.33, "end": 557.79, "word": " screw", "probability": 1.0 }, { "start": 557.79, "end": 558.01, "word": " one", "probability": 1.0 }, { "start": 558.01, "end": 558.29, "word": " group", "probability": 0.9990234375 }, { "start": 558.29, "end": 558.55, "word": " and", "probability": 0.99951171875 }, { "start": 558.55, "end": 558.83, "word": " benefit", "probability": 0.99951171875 } ] }, { "start": 558.83, "end": 565.11, "text": "another group and so they have to kind of do a calculation to say in our term is this is", "speaker_id": "Speaker 1", "words": [ { "start": 558.83, "end": 559.07, "word": " another", "probability": 1.0 }, { "start": 559.07, "end": 559.43, "word": " group", "probability": 0.99951171875 }, { "start": 559.43, "end": 560.09, "word": " and", "probability": 0.99951171875 }, { "start": 560.09, "end": 560.31, "word": " so", "probability": 1.0 }, { "start": 560.31, "end": 560.75, "word": " they", "probability": 1.0 }, { "start": 560.75, "end": 560.89, "word": " have", "probability": 1.0 }, { "start": 560.89, "end": 560.99, "word": " to", "probability": 0.99951171875 }, { "start": 560.99, "end": 561.11, "word": " kind", "probability": 0.99951171875 }, { "start": 561.11, "end": 561.21, "word": " of", "probability": 0.9990234375 }, { "start": 561.21, "end": 561.33, "word": " do", "probability": 0.9990234375 }, { "start": 561.33, "end": 561.43, "word": " a", "probability": 0.99951171875 }, { "start": 561.43, "end": 561.89, "word": " calculation", "probability": 0.9990234375 }, { "start": 561.89, "end": 562.19, "word": " to", "probability": 1.0 }, { "start": 562.19, "end": 562.61, "word": " say", "probability": 1.0 }, { "start": 562.61, "end": 563.99, "word": " in", "probability": 0.99951171875 }, { "start": 563.99, "end": 564.15, "word": " our", "probability": 1.0 }, { "start": 564.15, "end": 564.53, "word": " term", "probability": 0.9990234375 }, { "start": 564.53, "end": 564.75, "word": " is", "probability": 1.0 }, { "start": 564.75, "end": 564.91, "word": " this", "probability": 0.99951171875 }, { "start": 564.91, "end": 565.11, "word": " is", "probability": 0.99853515625 } ] }, { "start": 565.11, "end": 569.47, "text": "this a lever we want to pull hard, or do you want to kick it to the next people to maybe", "speaker_id": "Speaker 1", "words": [ { "start": 565.11, "end": 565.29, "word": " this", "probability": 0.99951171875 }, { "start": 565.29, "end": 565.43, "word": " a", "probability": 0.9912109375 }, { "start": 565.43, "end": 565.67, "word": " lever", "probability": 0.9951171875 }, { "start": 565.67, "end": 565.85, "word": " we", "probability": 0.9990234375 }, { "start": 565.85, "end": 565.99, "word": " want", "probability": 0.99951171875 }, { "start": 565.99, "end": 566.11, "word": " to", "probability": 1.0 }, { "start": 566.11, "end": 566.35, "word": " pull", "probability": 0.99951171875 }, { "start": 566.35, "end": 566.65, "word": " hard,", "probability": 0.93017578125 }, { "start": 566.69, "end": 567.13, "word": " or", "probability": 1.0 }, { "start": 567.13, "end": 567.25, "word": " do", "probability": 1.0 }, { "start": 567.25, "end": 567.33, "word": " you", "probability": 0.9990234375 }, { "start": 567.33, "end": 567.43, "word": " want", "probability": 0.9951171875 }, { "start": 567.43, "end": 567.53, "word": " to", "probability": 1.0 }, { "start": 567.53, "end": 567.71, "word": " kick", "probability": 1.0 }, { "start": 567.71, "end": 567.83, "word": " it", "probability": 1.0 }, { "start": 567.83, "end": 567.99, "word": " to", "probability": 1.0 }, { "start": 567.99, "end": 568.17, "word": " the", "probability": 1.0 }, { "start": 568.17, "end": 568.53, "word": " next", "probability": 0.99853515625 }, { "start": 568.53, "end": 568.83, "word": " people", "probability": 1.0 }, { "start": 568.83, "end": 569.05, "word": " to", "probability": 0.998046875 }, { "start": 569.05, "end": 569.47, "word": " maybe", "probability": 0.91748046875 } ] }, { "start": 569.47, "end": 570.55, "text": "consider doing that move?", "speaker_id": "Speaker 1", "words": [ { "start": 569.47, "end": 569.85, "word": " consider", "probability": 1.0 }, { "start": 569.85, "end": 570.07, "word": " doing", "probability": 1.0 }, { "start": 570.07, "end": 570.27, "word": " that", "probability": 1.0 }, { "start": 570.27, "end": 570.55, "word": " move?", "probability": 0.99951171875 } ] }, { "start": 571.55, "end": 575.87, "text": "And even though kick the can is really popular in Washington, you do have Besson, who's,", "speaker_id": "Speaker 2", "words": [ { "start": 571.55, "end": 571.93, "word": " And", "probability": 0.50634765625 }, { "start": 571.93, "end": 572.11, "word": " even", "probability": 1.0 }, { "start": 572.11, "end": 572.23, "word": " though", "probability": 1.0 }, { "start": 572.23, "end": 572.41, "word": " kick", "probability": 0.7978515625 }, { "start": 572.41, "end": 572.55, "word": " the", "probability": 0.994140625 }, { "start": 572.55, "end": 572.79, "word": " can", "probability": 0.99951171875 }, { "start": 572.79, "end": 572.99, "word": " is", "probability": 0.99951171875 }, { "start": 572.99, "end": 573.29, "word": " really", "probability": 1.0 }, { "start": 573.29, "end": 573.81, "word": " popular", "probability": 1.0 }, { "start": 573.81, "end": 574.01, "word": " in", "probability": 1.0 }, { "start": 574.01, "end": 574.39, "word": " Washington,", "probability": 0.99951171875 }, { "start": 574.55, "end": 574.63, "word": " you", "probability": 1.0 }, { "start": 574.63, "end": 574.73, "word": " do", "probability": 0.9990234375 }, { "start": 574.73, "end": 574.89, "word": " have", "probability": 1.0 }, { "start": 574.89, "end": 575.39, "word": " Besson,", "probability": 0.7542317708333334 }, { "start": 575.53, "end": 575.87, "word": " who's,", "probability": 0.99462890625 } ] }, { "start": 577.39, "end": 582.03, "text": "you know, everyone's thinking about legacy, and one would think, based on recent comments,", "speaker_id": "Speaker 2", "words": [ { "start": 577.39, "end": 577.77, "word": " you", "probability": 0.990234375 }, { "start": 577.77, "end": 577.93, "word": " know,", "probability": 1.0 }, { "start": 578.47, "end": 579.13, "word": " everyone's", "probability": 0.99951171875 }, { "start": 579.13, "end": 579.39, "word": " thinking", "probability": 1.0 }, { "start": 579.39, "end": 579.63, "word": " about", "probability": 1.0 }, { "start": 579.63, "end": 580.05, "word": " legacy,", "probability": 0.99755859375 }, { "start": 580.05, "end": 580.31, "word": " and", "probability": 1.0 }, { "start": 580.31, "end": 580.49, "word": " one", "probability": 1.0 }, { "start": 580.49, "end": 580.69, "word": " would", "probability": 1.0 }, { "start": 580.69, "end": 580.97, "word": " think,", "probability": 1.0 }, { "start": 581.09, "end": 581.23, "word": " based", "probability": 1.0 }, { "start": 581.23, "end": 581.37, "word": " on", "probability": 1.0 }, { "start": 581.37, "end": 581.61, "word": " recent", "probability": 0.99951171875 }, { "start": 581.61, "end": 582.03, "word": " comments,", "probability": 1.0 } ] }, { "start": 582.05, "end": 585.37, "text": "he cares a lot about that. And you just had Hank Paulson say, like, this is a break the", "speaker_id": "Speaker 2", "words": [ { "start": 582.05, "end": 582.23, "word": " he", "probability": 1.0 }, { "start": 582.23, "end": 582.47, "word": " cares", "probability": 0.99951171875 }, { "start": 582.47, "end": 582.65, "word": " a", "probability": 1.0 }, { "start": 582.65, "end": 582.77, "word": " lot", "probability": 1.0 }, { "start": 582.77, "end": 582.95, "word": " about", "probability": 1.0 }, { "start": 582.95, "end": 583.19, "word": " that.", "probability": 1.0 }, { "start": 583.27, "end": 583.35, "word": " And", "probability": 0.99853515625 }, { "start": 583.35, "end": 583.45, "word": " you", "probability": 1.0 }, { "start": 583.45, "end": 583.67, "word": " just", "probability": 1.0 }, { "start": 583.67, "end": 583.83, "word": " had", "probability": 0.99951171875 }, { "start": 583.83, "end": 584.01, "word": " Hank", "probability": 0.998046875 }, { "start": 584.01, "end": 584.39, "word": " Paulson", "probability": 0.990966796875 }, { "start": 584.39, "end": 584.63, "word": " say,", "probability": 1.0 }, { "start": 584.73, "end": 584.81, "word": " like,", "probability": 0.94384765625 }, { "start": 584.87, "end": 584.95, "word": " this", "probability": 1.0 }, { "start": 584.95, "end": 585.03, "word": " is", "probability": 1.0 }, { "start": 585.03, "end": 585.09, "word": " a", "probability": 0.99951171875 }, { "start": 585.09, "end": 585.27, "word": " break", "probability": 0.99658203125 }, { "start": 585.27, "end": 585.37, "word": " the", "probability": 0.66162109375 } ] }, { "start": 585.37, "end": 589.47, "text": "glass moment, right? So there is some support, perhaps, for some sort of extraordinary", "speaker_id": "Speaker 2", "words": [ { "start": 585.37, "end": 585.61, "word": " glass", "probability": 0.998046875 }, { "start": 585.61, "end": 585.93, "word": " moment,", "probability": 1.0 }, { "start": 585.99, "end": 586.11, "word": " right?", "probability": 0.99951171875 }, { "start": 586.19, "end": 586.27, "word": " So", "probability": 0.99462890625 }, { "start": 586.27, "end": 586.47, "word": " there", "probability": 0.8916015625 }, { "start": 586.47, "end": 586.99, "word": " is", "probability": 0.95849609375 }, { "start": 586.99, "end": 587.19, "word": " some", "probability": 1.0 }, { "start": 587.19, "end": 587.65, "word": " support,", "probability": 1.0 }, { "start": 587.77, "end": 588.07, "word": " perhaps,", "probability": 1.0 }, { "start": 588.37, "end": 588.49, "word": " for", "probability": 1.0 }, { "start": 588.49, "end": 588.69, "word": " some", "probability": 1.0 }, { "start": 588.69, "end": 588.85, "word": " sort", "probability": 0.98779296875 }, { "start": 588.85, "end": 588.97, "word": " of", "probability": 0.99951171875 }, { "start": 588.97, "end": 589.47, "word": " extraordinary", "probability": 0.9990234375 } ] }, { "start": 589.47, "end": 595.13, "text": "measure. Who gets do gold who who get who wins and and who suffers in the immediate", "speaker_id": "Speaker 2", "words": [ { "start": 589.47, "end": 589.99, "word": " measure.", "probability": 1.0 }, { "start": 590.27, "end": 590.65, "word": " Who", "probability": 0.99951171875 }, { "start": 590.65, "end": 590.91, "word": " gets", "probability": 0.1793212890625 }, { "start": 590.91, "end": 591.05, "word": " do", "probability": 0.036346435546875 }, { "start": 591.05, "end": 591.29, "word": " gold", "probability": 0.939453125 }, { "start": 591.29, "end": 591.61, "word": " who", "probability": 0.330322265625 }, { "start": 591.61, "end": 591.97, "word": " who", "probability": 0.482666015625 }, { "start": 591.97, "end": 592.09, "word": " get", "probability": 0.76953125 }, { "start": 592.09, "end": 592.33, "word": " who", "probability": 1.0 }, { "start": 592.33, "end": 592.59, "word": " wins", "probability": 1.0 }, { "start": 592.59, "end": 592.81, "word": " and", "probability": 0.94970703125 }, { "start": 592.81, "end": 593.31, "word": " and", "probability": 0.97265625 }, { "start": 593.31, "end": 593.55, "word": " who", "probability": 1.0 }, { "start": 593.55, "end": 594.07, "word": " suffers", "probability": 1.0 }, { "start": 594.07, "end": 594.59, "word": " in", "probability": 1.0 }, { "start": 594.59, "end": 594.71, "word": " the", "probability": 1.0 }, { "start": 594.71, "end": 595.13, "word": " immediate", "probability": 1.0 } ] }, { "start": 595.13, "end": 600.35, "text": "aftermath of that i mean if you hold gold are you super happy if they do that and and who", "speaker_id": "Speaker 2", "words": [ { "start": 595.13, "end": 595.65, "word": " aftermath", "probability": 1.0 }, { "start": 595.65, "end": 595.93, "word": " of", "probability": 1.0 }, { "start": 595.93, "end": 596.11, "word": " that", "probability": 1.0 }, { "start": 596.11, "end": 596.25, "word": " i", "probability": 0.78466796875 }, { "start": 596.25, "end": 596.33, "word": " mean", "probability": 0.9990234375 }, { "start": 596.33, "end": 596.45, "word": " if", "probability": 1.0 }, { "start": 596.45, "end": 596.53, "word": " you", "probability": 0.9970703125 }, { "start": 596.53, "end": 596.75, "word": " hold", "probability": 0.99951171875 }, { "start": 596.75, "end": 597.13, "word": " gold", "probability": 0.998046875 }, { "start": 597.13, "end": 597.85, "word": " are", "probability": 1.0 }, { "start": 597.85, "end": 598.07, "word": " you", "probability": 1.0 }, { "start": 598.07, "end": 598.35, "word": " super", "probability": 1.0 }, { "start": 598.35, "end": 598.59, "word": " happy", "probability": 0.99951171875 }, { "start": 598.59, "end": 598.75, "word": " if", "probability": 1.0 }, { "start": 598.75, "end": 598.83, "word": " they", "probability": 0.9990234375 }, { "start": 598.83, "end": 598.95, "word": " do", "probability": 1.0 }, { "start": 598.95, "end": 599.19, "word": " that", "probability": 0.99951171875 }, { "start": 599.19, "end": 599.55, "word": " and", "probability": 1.0 }, { "start": 599.55, "end": 600.15, "word": " and", "probability": 1.0 }, { "start": 600.15, "end": 600.35, "word": " who", "probability": 0.99951171875 } ] }, { "start": 600.35, "end": 602.43, "text": "comes out on the losing end of that the average worker", "speaker_id": "Speaker 2", "words": [ { "start": 600.35, "end": 600.55, "word": " comes", "probability": 1.0 }, { "start": 600.55, "end": 600.69, "word": " out", "probability": 1.0 }, { "start": 600.69, "end": 600.81, "word": " on", "probability": 1.0 }, { "start": 600.81, "end": 600.89, "word": " the", "probability": 0.99951171875 }, { "start": 600.89, "end": 601.15, "word": " losing", "probability": 0.9990234375 }, { "start": 601.15, "end": 601.35, "word": " end", "probability": 1.0 }, { "start": 601.35, "end": 601.45, "word": " of", "probability": 0.99951171875 }, { "start": 601.45, "end": 601.61, "word": " that", "probability": 0.9931640625 }, { "start": 601.61, "end": 601.81, "word": " the", "probability": 1.0 }, { "start": 601.81, "end": 602.07, "word": " average", "probability": 0.99658203125 }, { "start": 602.07, "end": 602.43, "word": " worker", "probability": 0.97900390625 } ] }, { "start": 602.43, "end": 606.41, "text": "um i think it's more complicated than that so if they if they revalue gold they're", "speaker_id": "Speaker 1", "words": [ { "start": 602.43, "end": 603.23, "word": " um", "probability": 0.9990234375 }, { "start": 603.23, "end": 603.61, "word": " i", "probability": 1.0 }, { "start": 603.61, "end": 603.71, "word": " think", "probability": 1.0 }, { "start": 603.71, "end": 603.81, "word": " it's", "probability": 0.999267578125 }, { "start": 603.81, "end": 603.91, "word": " more", "probability": 0.99853515625 }, { "start": 603.91, "end": 604.29, "word": " complicated", "probability": 0.99951171875 }, { "start": 604.29, "end": 604.41, "word": " than", "probability": 0.99365234375 }, { "start": 604.41, "end": 604.57, "word": " that", "probability": 0.99951171875 }, { "start": 604.57, "end": 604.69, "word": " so", "probability": 0.99951171875 }, { "start": 604.69, "end": 604.81, "word": " if", "probability": 0.99951171875 }, { "start": 604.81, "end": 604.89, "word": " they", "probability": 0.99951171875 }, { "start": 604.89, "end": 605.03, "word": " if", "probability": 0.990234375 }, { "start": 605.03, "end": 605.17, "word": " they", "probability": 0.99951171875 }, { "start": 605.17, "end": 605.77, "word": " revalue", "probability": 0.990234375 }, { "start": 605.77, "end": 606.15, "word": " gold", "probability": 1.0 }, { "start": 606.15, "end": 606.41, "word": " they're", "probability": 1.0 } ] }, { "start": 606.41, "end": 611.01, "text": "basically just it's mostly an accounting trick at first so they're not necessarily changing", "speaker_id": "Speaker 1", "words": [ { "start": 606.41, "end": 606.71, "word": " basically", "probability": 0.99951171875 }, { "start": 606.71, "end": 606.95, "word": " just", "probability": 0.99951171875 }, { "start": 606.95, "end": 607.23, "word": " it's", "probability": 1.0 }, { "start": 607.23, "end": 607.59, "word": " mostly", "probability": 0.8876953125 }, { "start": 607.59, "end": 607.69, "word": " an", "probability": 0.998046875 }, { "start": 607.69, "end": 608.09, "word": " accounting", "probability": 1.0 }, { "start": 608.09, "end": 608.33, "word": " trick", "probability": 1.0 }, { "start": 608.33, "end": 608.51, "word": " at", "probability": 1.0 }, { "start": 608.51, "end": 608.91, "word": " first", "probability": 0.99951171875 }, { "start": 608.91, "end": 609.73, "word": " so", "probability": 1.0 }, { "start": 609.73, "end": 610.13, "word": " they're", "probability": 1.0 }, { "start": 610.13, "end": 610.33, "word": " not", "probability": 1.0 }, { "start": 610.33, "end": 610.63, "word": " necessarily", "probability": 0.998046875 }, { "start": 610.63, "end": 611.01, "word": " changing", "probability": 0.9990234375 } ] }, { "start": 611.01, "end": 616.33, "text": "the price of gold relative to oil or gold relative to houses or things like that they're", "speaker_id": "Speaker 1", "words": [ { "start": 611.01, "end": 611.15, "word": " the", "probability": 1.0 }, { "start": 611.15, "end": 611.43, "word": " price", "probability": 0.99951171875 }, { "start": 611.43, "end": 611.57, "word": " of", "probability": 1.0 }, { "start": 611.57, "end": 612.01, "word": " gold", "probability": 0.99951171875 }, { "start": 612.01, "end": 612.47, "word": " relative", "probability": 1.0 }, { "start": 612.47, "end": 612.73, "word": " to", "probability": 1.0 }, { "start": 612.73, "end": 613.03, "word": " oil", "probability": 1.0 }, { "start": 613.03, "end": 613.23, "word": " or", "probability": 1.0 }, { "start": 613.23, "end": 613.51, "word": " gold", "probability": 0.99609375 }, { "start": 613.51, "end": 613.85, "word": " relative", "probability": 1.0 }, { "start": 613.85, "end": 614.21, "word": " to", "probability": 1.0 }, { "start": 614.21, "end": 614.99, "word": " houses", "probability": 0.99951171875 }, { "start": 614.99, "end": 615.23, "word": " or", "probability": 1.0 }, { "start": 615.23, "end": 615.37, "word": " things", "probability": 0.99951171875 }, { "start": 615.37, "end": 615.53, "word": " like", "probability": 0.99951171875 }, { "start": 615.53, "end": 615.85, "word": " that", "probability": 0.99853515625 }, { "start": 615.85, "end": 616.33, "word": " they're", "probability": 1.0 } ] }, { "start": 616.33, "end": 621.31, "text": "saying that the official bookkeeping for what the treasury holds their gold at is, is, is,", "speaker_id": "Speaker 1", "words": [ { "start": 616.33, "end": 616.57, "word": " saying", "probability": 1.0 }, { "start": 616.57, "end": 616.73, "word": " that", "probability": 0.99951171875 }, { "start": 616.73, "end": 616.85, "word": " the", "probability": 0.345947265625 }, { "start": 616.85, "end": 617.21, "word": " official", "probability": 0.998046875 }, { "start": 617.21, "end": 617.81, "word": " bookkeeping", "probability": 0.998291015625 }, { "start": 617.81, "end": 618.07, "word": " for", "probability": 0.99609375 }, { "start": 618.07, "end": 618.19, "word": " what", "probability": 0.9990234375 }, { "start": 618.19, "end": 618.31, "word": " the", "probability": 0.9990234375 }, { "start": 618.31, "end": 618.63, "word": " treasury", "probability": 0.849609375 }, { "start": 618.63, "end": 619.07, "word": " holds", "probability": 0.99951171875 }, { "start": 619.07, "end": 619.29, "word": " their", "probability": 0.9873046875 }, { "start": 619.29, "end": 619.59, "word": " gold", "probability": 0.970703125 }, { "start": 619.59, "end": 619.91, "word": " at", "probability": 0.9951171875 }, { "start": 619.91, "end": 620.63, "word": " is,", "probability": 0.974609375 }, { "start": 620.71, "end": 620.99, "word": " is,", "probability": 0.7275390625 }, { "start": 621.15, "end": 621.31, "word": " is,", "probability": 0.5791015625 } ] }, { "start": 621.47, "end": 625.63, "text": "you know, instead of, you know, 40 something an ounce, it'll be the current price called,", "speaker_id": "Speaker 1", "words": [ { "start": 621.47, "end": 621.53, "word": " you", "probability": 0.99267578125 }, { "start": 621.53, "end": 621.57, "word": " know,", "probability": 1.0 }, { "start": 621.65, "end": 621.81, "word": " instead", "probability": 0.99951171875 }, { "start": 621.81, "end": 622.03, "word": " of,", "probability": 1.0 }, { "start": 622.11, "end": 622.15, "word": " you", "probability": 0.998046875 }, { "start": 622.15, "end": 622.25, "word": " know,", "probability": 1.0 }, { "start": 622.65, "end": 622.83, "word": " 40", "probability": 0.99609375 }, { "start": 622.83, "end": 623.15, "word": " something", "probability": 0.9775390625 }, { "start": 623.15, "end": 623.37, "word": " an", "probability": 0.99462890625 }, { "start": 623.37, "end": 623.67, "word": " ounce,", "probability": 1.0 }, { "start": 623.85, "end": 624.43, "word": " it'll", "probability": 0.999267578125 }, { "start": 624.43, "end": 624.53, "word": " be", "probability": 1.0 }, { "start": 624.53, "end": 624.65, "word": " the", "probability": 1.0 }, { "start": 624.65, "end": 624.89, "word": " current", "probability": 1.0 }, { "start": 624.89, "end": 625.37, "word": " price", "probability": 1.0 }, { "start": 625.37, "end": 625.63, "word": " called,", "probability": 0.7578125 } ] }, { "start": 625.63, "end": 630.19, "text": "you know, for 4 ,000 something an ounce. Uh, and that, that basically fills up their", "speaker_id": "Speaker 1", "words": [ { "start": 625.63, "end": 625.83, "word": " you", "probability": 0.99853515625 }, { "start": 625.83, "end": 625.95, "word": " know,", "probability": 1.0 }, { "start": 626.41, "end": 626.55, "word": " for", "probability": 0.52294921875 }, { "start": 626.55, "end": 626.87, "word": " 4", "probability": 0.9189453125 }, { "start": 626.87, "end": 627.13, "word": ",000", "probability": 0.986083984375 }, { "start": 627.13, "end": 627.43, "word": " something", "probability": 0.8701171875 }, { "start": 627.43, "end": 627.61, "word": " an", "probability": 0.99365234375 }, { "start": 627.61, "end": 627.83, "word": " ounce.", "probability": 1.0 }, { "start": 627.95, "end": 628.39, "word": " Uh,", "probability": 0.595703125 }, { "start": 628.59, "end": 628.73, "word": " and", "probability": 1.0 }, { "start": 628.73, "end": 628.95, "word": " that,", "probability": 1.0 }, { "start": 629.05, "end": 629.25, "word": " that", "probability": 1.0 }, { "start": 629.25, "end": 629.51, "word": " basically", "probability": 0.99658203125 }, { "start": 629.51, "end": 629.83, "word": " fills", "probability": 0.99951171875 }, { "start": 629.83, "end": 630.01, "word": " up", "probability": 1.0 }, { "start": 630.01, "end": 630.19, "word": " their", "probability": 0.99951171875 } ] }, { "start": 630.19, "end": 635.93, "text": "treasury general account, which means they're able to then spend without issuing bonds to", "speaker_id": "Speaker 1", "words": [ { "start": 630.19, "end": 630.57, "word": " treasury", "probability": 0.9873046875 }, { "start": 630.57, "end": 630.83, "word": " general", "probability": 0.99365234375 }, { "start": 630.83, "end": 631.31, "word": " account,", "probability": 0.99951171875 }, { "start": 631.59, "end": 631.89, "word": " which", "probability": 1.0 }, { "start": 631.89, "end": 632.11, "word": " means", "probability": 1.0 }, { "start": 632.11, "end": 632.29, "word": " they're", "probability": 1.0 }, { "start": 632.29, "end": 632.59, "word": " able", "probability": 1.0 }, { "start": 632.59, "end": 632.79, "word": " to", "probability": 1.0 }, { "start": 632.79, "end": 633.05, "word": " then", "probability": 0.9931640625 }, { "start": 633.05, "end": 633.65, "word": " spend", "probability": 1.0 }, { "start": 633.65, "end": 634.07, "word": " without", "probability": 0.99951171875 }, { "start": 634.07, "end": 634.61, "word": " issuing", "probability": 0.99951171875 }, { "start": 634.61, "end": 635.71, "word": " bonds", "probability": 0.994140625 }, { "start": 635.71, "end": 635.93, "word": " to", "probability": 1.0 } ] }, { "start": 635.93, "end": 641.35, "text": "spend, at least until they use up that, that amount. Uh, and in theory, I mean, they could", "speaker_id": "Speaker 1", "words": [ { "start": 635.93, "end": 636.31, "word": " spend,", "probability": 0.99853515625 }, { "start": 636.51, "end": 636.65, "word": " at", "probability": 0.99951171875 }, { "start": 636.65, "end": 636.75, "word": " least", "probability": 1.0 }, { "start": 636.75, "end": 637.03, "word": " until", "probability": 1.0 }, { "start": 637.03, "end": 637.25, "word": " they", "probability": 1.0 }, { "start": 637.25, "end": 637.57, "word": " use", "probability": 1.0 }, { "start": 637.57, "end": 637.75, "word": " up", "probability": 0.99951171875 }, { "start": 637.75, "end": 638.23, "word": " that,", "probability": 0.99853515625 }, { "start": 638.33, "end": 638.45, "word": " that", "probability": 1.0 }, { "start": 638.45, "end": 638.75, "word": " amount.", "probability": 0.9990234375 }, { "start": 638.97, "end": 639.39, "word": " Uh,", "probability": 0.97998046875 }, { "start": 639.45, "end": 639.57, "word": " and", "probability": 1.0 }, { "start": 639.57, "end": 639.73, "word": " in", "probability": 1.0 }, { "start": 639.73, "end": 640.05, "word": " theory,", "probability": 1.0 }, { "start": 640.37, "end": 640.89, "word": " I", "probability": 1.0 }, { "start": 640.89, "end": 640.99, "word": " mean,", "probability": 1.0 }, { "start": 641.05, "end": 641.15, "word": " they", "probability": 0.99951171875 }, { "start": 641.15, "end": 641.35, "word": " could", "probability": 1.0 } ] }, { "start": 641.35, "end": 646.83, "text": "revalue gold even higher and give themselves even more cash uh and the more they do that", "speaker_id": "Speaker 1", "words": [ { "start": 641.35, "end": 641.75, "word": " revalue", "probability": 0.970947265625 }, { "start": 641.75, "end": 642.03, "word": " gold", "probability": 0.99951171875 }, { "start": 642.03, "end": 642.21, "word": " even", "probability": 0.99169921875 }, { "start": 642.21, "end": 642.63, "word": " higher", "probability": 0.99951171875 }, { "start": 642.63, "end": 643.05, "word": " and", "probability": 0.99951171875 }, { "start": 643.05, "end": 643.21, "word": " give", "probability": 1.0 }, { "start": 643.21, "end": 643.53, "word": " themselves", "probability": 1.0 }, { "start": 643.53, "end": 643.79, "word": " even", "probability": 1.0 }, { "start": 643.79, "end": 644.07, "word": " more", "probability": 1.0 }, { "start": 644.07, "end": 644.87, "word": " cash", "probability": 0.9228515625 }, { "start": 644.87, "end": 645.49, "word": " uh", "probability": 0.0312347412109375 }, { "start": 645.49, "end": 645.87, "word": " and", "probability": 0.998046875 }, { "start": 645.87, "end": 646.03, "word": " the", "probability": 1.0 }, { "start": 646.03, "end": 646.19, "word": " more", "probability": 1.0 }, { "start": 646.19, "end": 646.35, "word": " they", "probability": 1.0 }, { "start": 646.35, "end": 646.53, "word": " do", "probability": 1.0 }, { "start": 646.53, "end": 646.83, "word": " that", "probability": 1.0 } ] }, { "start": 646.83, "end": 651.85, "text": "the more that money flows out into the economy which then can find itself into assets like", "speaker_id": "Speaker 1", "words": [ { "start": 646.83, "end": 647.13, "word": " the", "probability": 0.998046875 }, { "start": 647.13, "end": 647.33, "word": " more", "probability": 1.0 }, { "start": 647.33, "end": 647.67, "word": " that", "probability": 0.98779296875 }, { "start": 647.67, "end": 647.97, "word": " money", "probability": 0.99951171875 }, { "start": 647.97, "end": 648.33, "word": " flows", "probability": 1.0 }, { "start": 648.33, "end": 648.47, "word": " out", "probability": 0.99951171875 }, { "start": 648.47, "end": 648.59, "word": " into", "probability": 0.99755859375 }, { "start": 648.59, "end": 648.67, "word": " the", "probability": 1.0 }, { "start": 648.67, "end": 649.09, "word": " economy", "probability": 0.994140625 }, { "start": 649.09, "end": 649.81, "word": " which", "probability": 0.99951171875 }, { "start": 649.81, "end": 649.99, "word": " then", "probability": 0.9990234375 }, { "start": 649.99, "end": 650.17, "word": " can", "probability": 0.767578125 }, { "start": 650.17, "end": 650.51, "word": " find", "probability": 0.99462890625 }, { "start": 650.51, "end": 650.85, "word": " itself", "probability": 0.99951171875 }, { "start": 650.85, "end": 651.11, "word": " into", "probability": 0.99951171875 }, { "start": 651.11, "end": 651.51, "word": " assets", "probability": 1.0 }, { "start": 651.51, "end": 651.85, "word": " like", "probability": 1.0 } ] }, { "start": 651.85, "end": 658.09, "text": "gold for example so it can influence the gold price uh it would be a shock uh and generally", "speaker_id": "Speaker 1", "words": [ { "start": 651.85, "end": 652.19, "word": " gold", "probability": 0.99951171875 }, { "start": 652.19, "end": 652.59, "word": " for", "probability": 0.99951171875 }, { "start": 652.59, "end": 652.87, "word": " example", "probability": 1.0 }, { "start": 652.87, "end": 653.15, "word": " so", "probability": 0.99755859375 }, { "start": 653.15, "end": 653.43, "word": " it", "probability": 1.0 }, { "start": 653.43, "end": 653.65, "word": " can", "probability": 1.0 }, { "start": 653.65, "end": 654.09, "word": " influence", "probability": 1.0 }, { "start": 654.09, "end": 654.25, "word": " the", "probability": 1.0 }, { "start": 654.25, "end": 654.45, "word": " gold", "probability": 0.9931640625 }, { "start": 654.45, "end": 654.89, "word": " price", "probability": 1.0 }, { "start": 654.89, "end": 655.53, "word": " uh", "probability": 0.677734375 }, { "start": 655.53, "end": 655.99, "word": " it", "probability": 1.0 }, { "start": 655.99, "end": 656.11, "word": " would", "probability": 1.0 }, { "start": 656.11, "end": 656.21, "word": " be", "probability": 0.99853515625 }, { "start": 656.21, "end": 656.31, "word": " a", "probability": 0.99951171875 }, { "start": 656.31, "end": 656.81, "word": " shock", "probability": 0.9990234375 }, { "start": 656.81, "end": 657.43, "word": " uh", "probability": 0.9951171875 }, { "start": 657.43, "end": 657.93, "word": " and", "probability": 0.81689453125 }, { "start": 657.93, "end": 658.09, "word": " generally", "probability": 0.9873046875 } ] }, { "start": 658.09, "end": 662.77, "text": "shocks around that nature likely are to lead people to buy something like gold so i i think", "speaker_id": "Speaker 1", "words": [ { "start": 658.09, "end": 658.53, "word": " shocks", "probability": 0.99853515625 }, { "start": 658.53, "end": 658.85, "word": " around", "probability": 0.99853515625 }, { "start": 658.85, "end": 659.03, "word": " that", "probability": 1.0 }, { "start": 659.03, "end": 659.31, "word": " nature", "probability": 0.998046875 }, { "start": 659.31, "end": 659.57, "word": " likely", "probability": 0.69140625 }, { "start": 659.57, "end": 659.81, "word": " are", "probability": 0.86328125 }, { "start": 659.81, "end": 660.13, "word": " to", "probability": 0.99755859375 }, { "start": 660.13, "end": 660.31, "word": " lead", "probability": 0.78662109375 }, { "start": 660.31, "end": 660.53, "word": " people", "probability": 0.99951171875 }, { "start": 660.53, "end": 660.69, "word": " to", "probability": 1.0 }, { "start": 660.69, "end": 660.87, "word": " buy", "probability": 0.99853515625 }, { "start": 660.87, "end": 661.17, "word": " something", "probability": 1.0 }, { "start": 661.17, "end": 661.39, "word": " like", "probability": 0.99951171875 }, { "start": 661.39, "end": 661.67, "word": " gold", "probability": 0.998046875 }, { "start": 661.67, "end": 662.27, "word": " so", "probability": 0.99853515625 }, { "start": 662.27, "end": 662.49, "word": " i", "probability": 0.92919921875 }, { "start": 662.49, "end": 662.69, "word": " i", "probability": 0.6650390625 }, { "start": 662.69, "end": 662.77, "word": " think", "probability": 1.0 } ] }, { "start": 662.77, "end": 668.67, "text": "as a gold holder i certainly would wouldn't mind that day um same thing for equity holders", "speaker_id": "Speaker 1", "words": [ { "start": 662.77, "end": 662.93, "word": " as", "probability": 1.0 }, { "start": 662.93, "end": 663.01, "word": " a", "probability": 0.9990234375 }, { "start": 663.01, "end": 663.21, "word": " gold", "probability": 0.9951171875 }, { "start": 663.21, "end": 663.55, "word": " holder", "probability": 0.99951171875 }, { "start": 663.55, "end": 663.69, "word": " i", "probability": 1.0 }, { "start": 663.69, "end": 663.97, "word": " certainly", "probability": 0.99169921875 }, { "start": 663.97, "end": 664.23, "word": " would", "probability": 0.97998046875 }, { "start": 664.23, "end": 665.13, "word": " wouldn't", "probability": 0.99951171875 }, { "start": 665.13, "end": 665.37, "word": " mind", "probability": 0.99853515625 }, { "start": 665.37, "end": 665.61, "word": " that", "probability": 1.0 }, { "start": 665.61, "end": 665.89, "word": " day", "probability": 0.99853515625 }, { "start": 665.89, "end": 666.69, "word": " um", "probability": 0.9912109375 }, { "start": 666.69, "end": 667.67, "word": " same", "probability": 0.998046875 }, { "start": 667.67, "end": 667.83, "word": " thing", "probability": 1.0 }, { "start": 667.83, "end": 667.99, "word": " for", "probability": 1.0 }, { "start": 667.99, "end": 668.29, "word": " equity", "probability": 1.0 }, { "start": 668.29, "end": 668.67, "word": " holders", "probability": 0.99951171875 } ] }, { "start": 668.67, "end": 673.53, "text": "or bitcoin holders or you kind of scarce asset holders in general probably would find that", "speaker_id": "Speaker 1", "words": [ { "start": 668.67, "end": 668.99, "word": " or", "probability": 1.0 }, { "start": 668.99, "end": 669.31, "word": " bitcoin", "probability": 0.9951171875 }, { "start": 669.31, "end": 669.75, "word": " holders", "probability": 0.99853515625 }, { "start": 669.75, "end": 669.97, "word": " or", "probability": 0.97998046875 }, { "start": 669.97, "end": 670.41, "word": " you", "probability": 0.79296875 }, { "start": 670.41, "end": 670.59, "word": " kind", "probability": 0.884765625 }, { "start": 670.59, "end": 670.69, "word": " of", "probability": 1.0 }, { "start": 670.69, "end": 670.99, "word": " scarce", "probability": 0.98681640625 }, { "start": 670.99, "end": 671.41, "word": " asset", "probability": 0.9990234375 }, { "start": 671.41, "end": 671.69, "word": " holders", "probability": 0.99755859375 }, { "start": 671.69, "end": 671.85, "word": " in", "probability": 1.0 }, { "start": 671.85, "end": 672.09, "word": " general", "probability": 0.99853515625 }, { "start": 672.09, "end": 672.41, "word": " probably", "probability": 0.998046875 }, { "start": 672.41, "end": 672.63, "word": " would", "probability": 1.0 }, { "start": 672.63, "end": 673.29, "word": " find", "probability": 0.9794921875 }, { "start": 673.29, "end": 673.53, "word": " that", "probability": 1.0 } ] }, { "start": 673.53, "end": 680.21, "text": "day interesting uh but because you're creating more fiat uh that is spendable without", "speaker_id": "Speaker 1", "words": [ { "start": 673.53, "end": 673.75, "word": " day", "probability": 0.99951171875 }, { "start": 673.75, "end": 674.09, "word": " interesting", "probability": 0.9912109375 }, { "start": 674.09, "end": 674.87, "word": " uh", "probability": 0.263671875 }, { "start": 674.87, "end": 676.17, "word": " but", "probability": 1.0 }, { "start": 676.17, "end": 676.77, "word": " because", "probability": 1.0 }, { "start": 676.77, "end": 677.07, "word": " you're", "probability": 1.0 }, { "start": 677.07, "end": 677.41, "word": " creating", "probability": 1.0 }, { "start": 677.41, "end": 677.71, "word": " more", "probability": 1.0 }, { "start": 677.71, "end": 678.15, "word": " fiat", "probability": 1.0 }, { "start": 678.15, "end": 678.89, "word": " uh", "probability": 0.98681640625 }, { "start": 678.89, "end": 679.25, "word": " that", "probability": 1.0 }, { "start": 679.25, "end": 679.39, "word": " is", "probability": 1.0 }, { "start": 679.39, "end": 679.93, "word": " spendable", "probability": 0.99951171875 }, { "start": 679.93, "end": 680.21, "word": " without", "probability": 1.0 } ] }, { "start": 680.21, "end": 687.19, "text": "debt issuance uh you are you know that that is like a surge for uh inflation to", "speaker_id": "Speaker 1", "words": [ { "start": 680.21, "end": 680.57, "word": " debt", "probability": 0.99951171875 }, { "start": 680.57, "end": 681.09, "word": " issuance", "probability": 0.9998372395833334 }, { "start": 681.09, "end": 681.79, "word": " uh", "probability": 0.9990234375 }, { "start": 681.79, "end": 682.15, "word": " you", "probability": 1.0 }, { "start": 682.15, "end": 682.53, "word": " are", "probability": 0.99853515625 }, { "start": 682.53, "end": 683.13, "word": " you", "probability": 1.0 }, { "start": 683.13, "end": 683.21, "word": " know", "probability": 0.99853515625 }, { "start": 683.21, "end": 683.37, "word": " that", "probability": 1.0 }, { "start": 683.37, "end": 683.53, "word": " that", "probability": 0.99755859375 }, { "start": 683.53, "end": 683.67, "word": " is", "probability": 1.0 }, { "start": 683.67, "end": 683.79, "word": " like", "probability": 0.99169921875 }, { "start": 683.79, "end": 683.91, "word": " a", "probability": 1.0 }, { "start": 683.91, "end": 684.63, "word": " surge", "probability": 0.98828125 }, { "start": 684.63, "end": 685.33, "word": " for", "probability": 1.0 }, { "start": 685.33, "end": 686.25, "word": " uh", "probability": 0.97265625 }, { "start": 686.25, "end": 686.87, "word": " inflation", "probability": 0.99951171875 }, { "start": 686.87, "end": 687.19, "word": " to", "probability": 1.0 } ] }, { "start": 687.19, "end": 691.85, "text": "some extent or it's a surge in money creation it'd be comparable to some of the post -covid", "speaker_id": "Speaker 1", "words": [ { "start": 687.19, "end": 687.37, "word": " some", "probability": 0.99951171875 }, { "start": 687.37, "end": 687.59, "word": " extent", "probability": 0.9990234375 }, { "start": 687.59, "end": 687.81, "word": " or", "probability": 0.98974609375 }, { "start": 687.81, "end": 688.03, "word": " it's", "probability": 0.999755859375 }, { "start": 688.03, "end": 688.11, "word": " a", "probability": 0.9990234375 }, { "start": 688.11, "end": 688.37, "word": " surge", "probability": 0.99853515625 }, { "start": 688.37, "end": 688.51, "word": " in", "probability": 1.0 }, { "start": 688.51, "end": 688.69, "word": " money", "probability": 0.99951171875 }, { "start": 688.69, "end": 689.11, "word": " creation", "probability": 1.0 }, { "start": 689.11, "end": 689.71, "word": " it'd", "probability": 0.999755859375 }, { "start": 689.71, "end": 689.77, "word": " be", "probability": 0.99951171875 }, { "start": 689.77, "end": 690.27, "word": " comparable", "probability": 0.99951171875 }, { "start": 690.27, "end": 690.61, "word": " to", "probability": 1.0 }, { "start": 690.61, "end": 690.87, "word": " some", "probability": 1.0 }, { "start": 690.87, "end": 690.99, "word": " of", "probability": 1.0 }, { "start": 690.99, "end": 691.11, "word": " the", "probability": 0.998046875 }, { "start": 691.11, "end": 691.51, "word": " post", "probability": 1.0 }, { "start": 691.51, "end": 691.85, "word": "-covid", "probability": 0.8269856770833334 } ] }, { "start": 691.85, "end": 693.57, "text": "or during covid stimulus that they did", "speaker_id": "Speaker 1", "words": [ { "start": 691.85, "end": 691.99, "word": " or", "probability": 0.9990234375 }, { "start": 691.99, "end": 692.29, "word": " during", "probability": 0.98486328125 }, { "start": 692.29, "end": 692.59, "word": " covid", "probability": 0.34521484375 }, { "start": 692.59, "end": 693.05, "word": " stimulus", "probability": 0.99853515625 }, { "start": 693.05, "end": 693.21, "word": " that", "probability": 1.0 }, { "start": 693.21, "end": 693.31, "word": " they", "probability": 0.99755859375 }, { "start": 693.31, "end": 693.57, "word": " did", "probability": 0.99951171875 } ] }, { "start": 693.57, "end": 694.49, "text": "uh", "speaker_id": "Speaker 2", "words": [ { "start": 693.57, "end": 694.49, "word": " uh", "probability": 0.689453125 } ] }, { "start": 694.49, "end": 699.25, "text": "and of course it depends on magnitude where uh it can feel good in the moment", "speaker_id": "Speaker 1", "words": [ { "start": 694.49, "end": 694.93, "word": " and", "probability": 0.99951171875 }, { "start": 694.93, "end": 695.09, "word": " of", "probability": 1.0 }, { "start": 695.09, "end": 695.17, "word": " course", "probability": 0.99951171875 }, { "start": 695.17, "end": 695.29, "word": " it", "probability": 0.99951171875 }, { "start": 695.29, "end": 695.53, "word": " depends", "probability": 0.99853515625 }, { "start": 695.53, "end": 695.69, "word": " on", "probability": 1.0 }, { "start": 695.69, "end": 696.17, "word": " magnitude", "probability": 0.9990234375 }, { "start": 696.17, "end": 697.17, "word": " where", "probability": 1.0 }, { "start": 697.17, "end": 697.89, "word": " uh", "probability": 0.95654296875 }, { "start": 697.89, "end": 698.13, "word": " it", "probability": 1.0 }, { "start": 698.13, "end": 698.25, "word": " can", "probability": 1.0 }, { "start": 698.25, "end": 698.51, "word": " feel", "probability": 1.0 }, { "start": 698.51, "end": 698.73, "word": " good", "probability": 1.0 }, { "start": 698.73, "end": 698.85, "word": " in", "probability": 0.93505859375 }, { "start": 698.85, "end": 698.93, "word": " the", "probability": 0.99951171875 }, { "start": 698.93, "end": 699.25, "word": " moment", "probability": 0.99951171875 } ] }, { "start": 700.55, "end": 706.67, "text": "but then your wages have trouble keeping up years later. So in general, that would be", "speaker_id": "Speaker 1", "words": [ { "start": 700.55, "end": 701.07, "word": " but", "probability": 0.256103515625 }, { "start": 701.07, "end": 701.25, "word": " then", "probability": 1.0 }, { "start": 701.25, "end": 701.47, "word": " your", "probability": 0.99951171875 }, { "start": 701.47, "end": 701.81, "word": " wages", "probability": 1.0 }, { "start": 701.81, "end": 702.09, "word": " have", "probability": 1.0 }, { "start": 702.09, "end": 702.37, "word": " trouble", "probability": 1.0 }, { "start": 702.37, "end": 702.65, "word": " keeping", "probability": 1.0 }, { "start": 702.65, "end": 703.03, "word": " up", "probability": 1.0 }, { "start": 703.03, "end": 703.63, "word": " years", "probability": 0.9990234375 }, { "start": 703.63, "end": 704.01, "word": " later.", "probability": 1.0 }, { "start": 704.61, "end": 705.13, "word": " So", "probability": 0.841796875 }, { "start": 705.13, "end": 705.69, "word": " in", "probability": 0.92822265625 }, { "start": 705.69, "end": 706.01, "word": " general,", "probability": 1.0 }, { "start": 706.07, "end": 706.23, "word": " that", "probability": 1.0 }, { "start": 706.23, "end": 706.39, "word": " would", "probability": 1.0 }, { "start": 706.39, "end": 706.67, "word": " be", "probability": 1.0 } ] }, { "start": 706.67, "end": 712.01, "text": "probably good for asset holders and probably bad for wage holders, but that has to be tied", "speaker_id": "Speaker 1", "words": [ { "start": 706.67, "end": 707.39, "word": " probably", "probability": 0.99951171875 }, { "start": 707.39, "end": 707.57, "word": " good", "probability": 1.0 }, { "start": 707.57, "end": 707.73, "word": " for", "probability": 1.0 }, { "start": 707.73, "end": 708.03, "word": " asset", "probability": 0.99951171875 }, { "start": 708.03, "end": 708.45, "word": " holders", "probability": 0.9990234375 }, { "start": 708.45, "end": 708.69, "word": " and", "probability": 0.994140625 }, { "start": 708.69, "end": 709.03, "word": " probably", "probability": 1.0 }, { "start": 709.03, "end": 709.29, "word": " bad", "probability": 1.0 }, { "start": 709.29, "end": 709.49, "word": " for", "probability": 1.0 }, { "start": 709.49, "end": 709.77, "word": " wage", "probability": 1.0 }, { "start": 709.77, "end": 710.11, "word": " holders,", "probability": 0.998046875 }, { "start": 710.11, "end": 710.95, "word": " but", "probability": 1.0 }, { "start": 710.95, "end": 711.35, "word": " that", "probability": 1.0 }, { "start": 711.35, "end": 711.57, "word": " has", "probability": 1.0 }, { "start": 711.57, "end": 711.63, "word": " to", "probability": 1.0 }, { "start": 711.63, "end": 711.73, "word": " be", "probability": 1.0 }, { "start": 711.73, "end": 712.01, "word": " tied", "probability": 0.99951171875 } ] }, { "start": 712.01, "end": 715.61, "text": "with what they're doing in terms of fiscal policy. For example, if they're doing policies", "speaker_id": "Speaker 1", "words": [ { "start": 712.01, "end": 712.27, "word": " with", "probability": 1.0 }, { "start": 712.27, "end": 712.59, "word": " what", "probability": 1.0 }, { "start": 712.59, "end": 712.75, "word": " they're", "probability": 0.999755859375 }, { "start": 712.75, "end": 712.93, "word": " doing", "probability": 0.99755859375 }, { "start": 712.93, "end": 713.19, "word": " in", "probability": 1.0 }, { "start": 713.19, "end": 713.37, "word": " terms", "probability": 1.0 }, { "start": 713.37, "end": 713.49, "word": " of", "probability": 1.0 }, { "start": 713.49, "end": 713.71, "word": " fiscal", "probability": 0.9990234375 }, { "start": 713.71, "end": 714.21, "word": " policy.", "probability": 1.0 }, { "start": 714.37, "end": 714.47, "word": " For", "probability": 0.9990234375 }, { "start": 714.47, "end": 714.67, "word": " example,", "probability": 1.0 }, { "start": 714.79, "end": 714.89, "word": " if", "probability": 0.99951171875 }, { "start": 714.89, "end": 714.97, "word": " they're", "probability": 1.0 }, { "start": 714.97, "end": 715.11, "word": " doing", "probability": 0.99951171875 }, { "start": 715.11, "end": 715.61, "word": " policies", "probability": 1.0 } ] }, { "start": 715.61, "end": 720.69, "text": "that are beneficial to wage earners, then you could offset that in theory. So it's kind of", "speaker_id": "Speaker 1", "words": [ { "start": 715.61, "end": 715.87, "word": " that", "probability": 1.0 }, { "start": 715.87, "end": 715.97, "word": " are", "probability": 1.0 }, { "start": 715.97, "end": 716.43, "word": " beneficial", "probability": 1.0 }, { "start": 716.43, "end": 716.71, "word": " to", "probability": 1.0 }, { "start": 716.71, "end": 717.23, "word": " wage", "probability": 0.9755859375 }, { "start": 717.23, "end": 717.65, "word": " earners,", "probability": 0.99951171875 }, { "start": 718.09, "end": 718.17, "word": " then", "probability": 0.99951171875 }, { "start": 718.17, "end": 718.31, "word": " you", "probability": 1.0 }, { "start": 718.31, "end": 718.49, "word": " could", "probability": 1.0 }, { "start": 718.49, "end": 718.81, "word": " offset", "probability": 0.9990234375 }, { "start": 718.81, "end": 719.09, "word": " that", "probability": 1.0 }, { "start": 719.09, "end": 719.23, "word": " in", "probability": 0.99658203125 }, { "start": 719.23, "end": 719.51, "word": " theory.", "probability": 1.0 }, { "start": 719.69, "end": 719.77, "word": " So", "probability": 0.9873046875 }, { "start": 719.77, "end": 720.49, "word": " it's", "probability": 0.992919921875 }, { "start": 720.49, "end": 720.61, "word": " kind", "probability": 0.98583984375 }, { "start": 720.61, "end": 720.69, "word": " of", "probability": 1.0 } ] }, { "start": 720.69, "end": 723.89, "text": "the full mix of policies rather than any one policy.", "speaker_id": "Speaker 1", "words": [ { "start": 720.69, "end": 720.85, "word": " the", "probability": 1.0 }, { "start": 720.85, "end": 721.61, "word": " full", "probability": 0.9912109375 }, { "start": 721.61, "end": 721.97, "word": " mix", "probability": 1.0 }, { "start": 721.97, "end": 722.11, "word": " of", "probability": 1.0 }, { "start": 722.11, "end": 722.63, "word": " policies", "probability": 1.0 }, { "start": 722.63, "end": 722.97, "word": " rather", "probability": 0.9970703125 }, { "start": 722.97, "end": 723.11, "word": " than", "probability": 1.0 }, { "start": 723.11, "end": 723.23, "word": " any", "probability": 0.99951171875 }, { "start": 723.23, "end": 723.41, "word": " one", "probability": 1.0 }, { "start": 723.41, "end": 723.89, "word": " policy.", "probability": 1.0 } ] }, { "start": 724.19, "end": 729.19, "text": "Yeah. And again, I'm going to venture a guess that that's where people get concerned, like", "speaker_id": "Speaker 2", "words": [ { "start": 724.19, "end": 724.55, "word": " Yeah.", "probability": 0.98046875 }, { "start": 724.75, "end": 725.27, "word": " And", "probability": 0.99755859375 }, { "start": 725.27, "end": 725.85, "word": " again,", "probability": 0.95166015625 }, { "start": 725.93, "end": 726.55, "word": " I'm", "probability": 0.999755859375 }, { "start": 726.55, "end": 726.73, "word": " going", "probability": 0.8642578125 }, { "start": 726.73, "end": 726.85, "word": " to", "probability": 1.0 }, { "start": 726.85, "end": 727.17, "word": " venture", "probability": 1.0 }, { "start": 727.17, "end": 727.39, "word": " a", "probability": 0.99755859375 }, { "start": 727.39, "end": 727.55, "word": " guess", "probability": 0.9990234375 }, { "start": 727.55, "end": 727.73, "word": " that", "probability": 0.97607421875 }, { "start": 727.73, "end": 727.95, "word": " that's", "probability": 0.986328125 }, { "start": 727.95, "end": 728.07, "word": " where", "probability": 1.0 }, { "start": 728.07, "end": 728.31, "word": " people", "probability": 1.0 }, { "start": 728.31, "end": 728.49, "word": " get", "probability": 1.0 }, { "start": 728.49, "end": 728.91, "word": " concerned,", "probability": 0.99951171875 }, { "start": 729.09, "end": 729.19, "word": " like", "probability": 0.98876953125 } ] }, { "start": 729.19, "end": 734.37, "text": "how well has this been thought out? And are they using that opportunity wisely since it's", "speaker_id": "Speaker 2", "words": [ { "start": 729.19, "end": 729.35, "word": " how", "probability": 0.95947265625 }, { "start": 729.35, "end": 729.73, "word": " well", "probability": 0.982421875 }, { "start": 729.73, "end": 729.97, "word": " has", "probability": 1.0 }, { "start": 729.97, "end": 730.11, "word": " this", "probability": 1.0 }, { "start": 730.11, "end": 730.27, "word": " been", "probability": 1.0 }, { "start": 730.27, "end": 730.55, "word": " thought", "probability": 0.99169921875 }, { "start": 730.55, "end": 730.91, "word": " out?", "probability": 0.99951171875 }, { "start": 731.07, "end": 731.33, "word": " And", "probability": 0.9912109375 }, { "start": 731.33, "end": 731.47, "word": " are", "probability": 1.0 }, { "start": 731.47, "end": 731.61, "word": " they", "probability": 1.0 }, { "start": 731.61, "end": 732.05, "word": " using", "probability": 1.0 }, { "start": 732.05, "end": 732.33, "word": " that", "probability": 1.0 }, { "start": 732.33, "end": 732.89, "word": " opportunity", "probability": 1.0 }, { "start": 732.89, "end": 733.71, "word": " wisely", "probability": 0.99951171875 }, { "start": 733.71, "end": 734.13, "word": " since", "probability": 0.92529296875 }, { "start": 734.13, "end": 734.37, "word": " it's", "probability": 1.0 } ] }, { "start": 734.37, "end": 738.75, "text": "going to come with costs? I mean, I think that's where we have to take a really hard look.", "speaker_id": "Speaker 2", "words": [ { "start": 734.37, "end": 734.45, "word": " going", "probability": 0.75439453125 }, { "start": 734.45, "end": 734.53, "word": " to", "probability": 1.0 }, { "start": 734.53, "end": 734.67, "word": " come", "probability": 1.0 }, { "start": 734.67, "end": 734.85, "word": " with", "probability": 1.0 }, { "start": 734.85, "end": 735.23, "word": " costs?", "probability": 0.728515625 }, { "start": 735.35, "end": 735.39, "word": " I", "probability": 0.99658203125 }, { "start": 735.39, "end": 735.39, "word": " mean,", "probability": 0.92919921875 }, { "start": 735.49, "end": 735.51, "word": " I", "probability": 0.9990234375 }, { "start": 735.51, "end": 735.61, "word": " think", "probability": 1.0 }, { "start": 735.61, "end": 735.87, "word": " that's", "probability": 1.0 }, { "start": 735.87, "end": 736.05, "word": " where", "probability": 0.99951171875 }, { "start": 736.05, "end": 736.27, "word": " we", "probability": 1.0 }, { "start": 736.27, "end": 736.49, "word": " have", "probability": 0.9677734375 }, { "start": 736.49, "end": 736.65, "word": " to", "probability": 1.0 }, { "start": 736.65, "end": 737.95, "word": " take", "probability": 0.8974609375 }, { "start": 737.95, "end": 738.09, "word": " a", "probability": 1.0 }, { "start": 738.09, "end": 738.27, "word": " really", "probability": 1.0 }, { "start": 738.27, "end": 738.47, "word": " hard", "probability": 1.0 }, { "start": 738.47, "end": 738.75, "word": " look.", "probability": 1.0 } ] }, { "start": 739.17, "end": 744.01, "text": "When it comes to AI itself, another big risk I hear people talking about is, and, you know,", "speaker_id": "Speaker 2", "words": [ { "start": 739.17, "end": 739.53, "word": " When", "probability": 0.986328125 }, { "start": 739.53, "end": 739.65, "word": " it", "probability": 1.0 }, { "start": 739.65, "end": 739.85, "word": " comes", "probability": 1.0 }, { "start": 739.85, "end": 740.01, "word": " to", "probability": 1.0 }, { "start": 740.01, "end": 740.31, "word": " AI", "probability": 0.994140625 }, { "start": 740.31, "end": 740.71, "word": " itself,", "probability": 1.0 }, { "start": 740.87, "end": 741.03, "word": " another", "probability": 0.99951171875 }, { "start": 741.03, "end": 741.25, "word": " big", "probability": 1.0 }, { "start": 741.25, "end": 741.51, "word": " risk", "probability": 1.0 }, { "start": 741.51, "end": 741.65, "word": " I", "probability": 0.9990234375 }, { "start": 741.65, "end": 741.75, "word": " hear", "probability": 0.99853515625 }, { "start": 741.75, "end": 742.01, "word": " people", "probability": 1.0 }, { "start": 742.01, "end": 742.33, "word": " talking", "probability": 1.0 }, { "start": 742.33, "end": 742.63, "word": " about", "probability": 1.0 }, { "start": 742.63, "end": 742.91, "word": " is,", "probability": 0.9873046875 }, { "start": 743.03, "end": 743.75, "word": " and,", "probability": 0.99755859375 }, { "start": 743.75, "end": 743.99, "word": " you", "probability": 1.0 }, { "start": 743.99, "end": 744.01, "word": " know,", "probability": 1.0 } ] }, { "start": 744.05, "end": 748.75, "text": "there are sort of pieces circulating on this, is that, you know, we're facing this, this", "speaker_id": "Speaker 2", "words": [ { "start": 744.05, "end": 744.13, "word": " there", "probability": 0.99951171875 }, { "start": 744.13, "end": 744.25, "word": " are", "probability": 0.9833984375 }, { "start": 744.25, "end": 744.51, "word": " sort", "probability": 0.99853515625 }, { "start": 744.51, "end": 744.65, "word": " of", "probability": 0.99951171875 }, { "start": 744.65, "end": 744.97, "word": " pieces", "probability": 1.0 }, { "start": 744.97, "end": 745.49, "word": " circulating", "probability": 1.0 }, { "start": 745.49, "end": 745.77, "word": " on", "probability": 1.0 }, { "start": 745.77, "end": 746.01, "word": " this,", "probability": 0.99951171875 }, { "start": 746.13, "end": 746.21, "word": " is", "probability": 0.99951171875 }, { "start": 746.21, "end": 746.51, "word": " that,", "probability": 1.0 }, { "start": 746.59, "end": 746.95, "word": " you", "probability": 0.99951171875 }, { "start": 746.95, "end": 746.97, "word": " know,", "probability": 1.0 }, { "start": 747.03, "end": 747.19, "word": " we're", "probability": 0.999755859375 }, { "start": 747.19, "end": 747.61, "word": " facing", "probability": 1.0 }, { "start": 747.61, "end": 748.01, "word": " this,", "probability": 1.0 }, { "start": 748.01, "end": 748.75, "word": " this", "probability": 0.998046875 } ] }, { "start": 748.75, "end": 752.31, "text": "reckoning coming. You mentioned before about the capital, you know, the inflationary impact", "speaker_id": "Speaker 2", "words": [ { "start": 748.75, "end": 749.21, "word": " reckoning", "probability": 0.888427734375 }, { "start": 749.21, "end": 749.47, "word": " coming.", "probability": 0.99951171875 }, { "start": 749.61, "end": 749.69, "word": " You", "probability": 0.99951171875 }, { "start": 749.69, "end": 749.97, "word": " mentioned", "probability": 1.0 }, { "start": 749.97, "end": 750.27, "word": " before", "probability": 1.0 }, { "start": 750.27, "end": 750.45, "word": " about", "probability": 0.99951171875 }, { "start": 750.45, "end": 750.59, "word": " the", "probability": 1.0 }, { "start": 750.59, "end": 751.03, "word": " capital,", "probability": 0.99951171875 }, { "start": 751.23, "end": 751.27, "word": " you", "probability": 0.99609375 }, { "start": 751.27, "end": 751.31, "word": " know,", "probability": 0.99951171875 }, { "start": 751.35, "end": 751.41, "word": " the", "probability": 0.998046875 }, { "start": 751.41, "end": 752.01, "word": " inflationary", "probability": 0.999755859375 }, { "start": 752.01, "end": 752.31, "word": " impact", "probability": 1.0 } ] }, { "start": 752.31, "end": 756.17, "text": "of all of the capital that's being spent in the build out and the data centers. And there's", "speaker_id": "Speaker 2", "words": [ { "start": 752.31, "end": 752.53, "word": " of", "probability": 1.0 }, { "start": 752.53, "end": 752.69, "word": " all", "probability": 0.99951171875 }, { "start": 752.69, "end": 752.81, "word": " of", "probability": 0.9990234375 }, { "start": 752.81, "end": 752.91, "word": " the", "probability": 1.0 }, { "start": 752.91, "end": 753.23, "word": " capital", "probability": 0.99951171875 }, { "start": 753.23, "end": 753.55, "word": " that's", "probability": 1.0 }, { "start": 753.55, "end": 753.73, "word": " being", "probability": 0.99951171875 }, { "start": 753.73, "end": 754.03, "word": " spent", "probability": 1.0 }, { "start": 754.03, "end": 754.17, "word": " in", "probability": 0.99658203125 }, { "start": 754.17, "end": 754.27, "word": " the", "probability": 1.0 }, { "start": 754.27, "end": 754.49, "word": " build", "probability": 0.998046875 }, { "start": 754.49, "end": 754.67, "word": " out", "probability": 0.6611328125 }, { "start": 754.67, "end": 754.81, "word": " and", "probability": 0.5439453125 }, { "start": 754.81, "end": 754.87, "word": " the", "probability": 0.9677734375 }, { "start": 754.87, "end": 755.05, "word": " data", "probability": 0.9990234375 }, { "start": 755.05, "end": 755.43, "word": " centers.", "probability": 0.998046875 }, { "start": 755.55, "end": 755.61, "word": " And", "probability": 0.99755859375 }, { "start": 755.61, "end": 756.17, "word": " there's", "probability": 0.999755859375 } ] }, { "start": 756.17, "end": 761.81, "text": "a lot of concern that there's going to be a reckoning when it comes to the way the AI", "speaker_id": "Speaker 2", "words": [ { "start": 756.17, "end": 756.27, "word": " a", "probability": 0.8408203125 }, { "start": 756.27, "end": 756.35, "word": " lot", "probability": 1.0 }, { "start": 756.35, "end": 756.43, "word": " of", "probability": 1.0 }, { "start": 756.43, "end": 756.89, "word": " concern", "probability": 0.99951171875 }, { "start": 756.89, "end": 757.39, "word": " that", "probability": 0.9990234375 }, { "start": 757.39, "end": 759.89, "word": " there's", "probability": 0.953125 }, { "start": 759.89, "end": 759.99, "word": " going", "probability": 0.99462890625 }, { "start": 759.99, "end": 760.03, "word": " to", "probability": 1.0 }, { "start": 760.03, "end": 760.09, "word": " be", "probability": 1.0 }, { "start": 760.09, "end": 760.19, "word": " a", "probability": 1.0 }, { "start": 760.19, "end": 760.59, "word": " reckoning", "probability": 1.0 }, { "start": 760.59, "end": 760.81, "word": " when", "probability": 1.0 }, { "start": 760.81, "end": 760.89, "word": " it", "probability": 1.0 }, { "start": 760.89, "end": 761.11, "word": " comes", "probability": 1.0 }, { "start": 761.11, "end": 761.21, "word": " to", "probability": 0.984375 }, { "start": 761.21, "end": 761.33, "word": " the", "probability": 0.9970703125 }, { "start": 761.33, "end": 761.35, "word": " way", "probability": 0.9931640625 }, { "start": 761.35, "end": 761.55, "word": " the", "probability": 0.9951171875 }, { "start": 761.55, "end": 761.81, "word": " AI", "probability": 0.97021484375 } ] }, { "start": 761.81, "end": 766.39, "text": "companies have accounted for sales and that some of the obligations, the economic", "speaker_id": "Speaker 2", "words": [ { "start": 761.81, "end": 762.21, "word": " companies", "probability": 1.0 }, { "start": 762.21, "end": 762.37, "word": " have", "probability": 1.0 }, { "start": 762.37, "end": 762.83, "word": " accounted", "probability": 0.99951171875 }, { "start": 762.83, "end": 763.13, "word": " for", "probability": 1.0 }, { "start": 763.13, "end": 763.75, "word": " sales", "probability": 0.9990234375 }, { "start": 763.75, "end": 764.15, "word": " and", "probability": 0.8427734375 }, { "start": 764.15, "end": 764.41, "word": " that", "probability": 0.9990234375 }, { "start": 764.41, "end": 764.91, "word": " some", "probability": 1.0 }, { "start": 764.91, "end": 765.03, "word": " of", "probability": 1.0 }, { "start": 765.03, "end": 765.17, "word": " the", "probability": 1.0 }, { "start": 765.17, "end": 765.85, "word": " obligations,", "probability": 0.8505859375 }, { "start": 766.05, "end": 766.09, "word": " the", "probability": 0.99951171875 }, { "start": 766.09, "end": 766.39, "word": " economic", "probability": 0.9990234375 } ] }, { "start": 766.39, "end": 770.23, "text": "obligations that are not showing up as debt, but they're kind of these contractual", "speaker_id": "Speaker 2", "words": [ { "start": 766.39, "end": 767.13, "word": " obligations", "probability": 1.0 }, { "start": 767.13, "end": 767.35, "word": " that", "probability": 0.98876953125 }, { "start": 767.35, "end": 767.45, "word": " are", "probability": 1.0 }, { "start": 767.45, "end": 767.65, "word": " not", "probability": 1.0 }, { "start": 767.65, "end": 767.89, "word": " showing", "probability": 1.0 }, { "start": 767.89, "end": 768.05, "word": " up", "probability": 1.0 }, { "start": 768.05, "end": 768.19, "word": " as", "probability": 0.99853515625 }, { "start": 768.19, "end": 768.61, "word": " debt,", "probability": 0.99951171875 }, { "start": 768.79, "end": 769.03, "word": " but", "probability": 1.0 }, { "start": 769.03, "end": 769.23, "word": " they're", "probability": 0.984130859375 }, { "start": 769.23, "end": 769.33, "word": " kind", "probability": 0.90869140625 }, { "start": 769.33, "end": 769.43, "word": " of", "probability": 0.99951171875 }, { "start": 769.43, "end": 769.63, "word": " these", "probability": 0.99462890625 }, { "start": 769.63, "end": 770.23, "word": " contractual", "probability": 0.998779296875 } ] }, { "start": 770.23, "end": 774.09, "text": "obligations, sort of the outstanding", "speaker_id": "Speaker 2", "words": [ { "start": 770.23, "end": 771.03, "word": " obligations,", "probability": 1.0 }, { "start": 771.77, "end": 772.75, "word": " sort", "probability": 0.92138671875 }, { "start": 772.75, "end": 772.89, "word": " of", "probability": 1.0 }, { "start": 772.89, "end": 773.41, "word": " the", "probability": 0.99853515625 }, { "start": 773.41, "end": 774.09, "word": " outstanding", "probability": 0.99951171875 } ] }, { "start": 775.85, "end": 780.63, "text": "rival or are greater than subprime crisis, that there's this reset, except it's not", "speaker_id": "Speaker 2", "words": [ { "start": 775.85, "end": 776.29, "word": " rival", "probability": 0.998046875 }, { "start": 776.29, "end": 776.69, "word": " or", "probability": 0.966796875 }, { "start": 776.69, "end": 777.01, "word": " are", "probability": 0.77294921875 }, { "start": 777.01, "end": 777.31, "word": " greater", "probability": 1.0 }, { "start": 777.31, "end": 777.55, "word": " than", "probability": 1.0 }, { "start": 777.55, "end": 778.19, "word": " subprime", "probability": 0.9152018229166666 }, { "start": 778.19, "end": 778.61, "word": " crisis,", "probability": 0.9990234375 }, { "start": 778.81, "end": 778.91, "word": " that", "probability": 1.0 }, { "start": 778.91, "end": 779.17, "word": " there's", "probability": 0.9990234375 }, { "start": 779.17, "end": 779.35, "word": " this", "probability": 1.0 }, { "start": 779.35, "end": 779.85, "word": " reset,", "probability": 1.0 }, { "start": 780.03, "end": 780.25, "word": " except", "probability": 1.0 }, { "start": 780.25, "end": 780.49, "word": " it's", "probability": 1.0 }, { "start": 780.49, "end": 780.63, "word": " not", "probability": 1.0 } ] }, { "start": 780.63, "end": 785.91, "text": "mortgages, It's these contracts when it actually comes to delivery. Is that something that", "speaker_id": "Speaker 2", "words": [ { "start": 780.63, "end": 781.21, "word": " mortgages,", "probability": 0.9996744791666666 }, { "start": 781.21, "end": 781.75, "word": " It's", "probability": 0.8388671875 }, { "start": 781.75, "end": 781.89, "word": " these", "probability": 0.9853515625 }, { "start": 781.89, "end": 782.45, "word": " contracts", "probability": 1.0 }, { "start": 782.45, "end": 782.67, "word": " when", "probability": 0.9462890625 }, { "start": 782.67, "end": 782.77, "word": " it", "probability": 1.0 }, { "start": 782.77, "end": 783.05, "word": " actually", "probability": 1.0 }, { "start": 783.05, "end": 783.37, "word": " comes", "probability": 1.0 }, { "start": 783.37, "end": 783.55, "word": " to", "probability": 1.0 }, { "start": 783.55, "end": 784.01, "word": " delivery.", "probability": 1.0 }, { "start": 784.43, "end": 784.93, "word": " Is", "probability": 1.0 }, { "start": 784.93, "end": 785.27, "word": " that", "probability": 1.0 }, { "start": 785.27, "end": 785.69, "word": " something", "probability": 1.0 }, { "start": 785.69, "end": 785.91, "word": " that", "probability": 1.0 } ] }, { "start": 785.91, "end": 789.21, "text": "you are concerned about in terms of systemic risk?", "speaker_id": "Speaker 2", "words": [ { "start": 785.91, "end": 786.03, "word": " you", "probability": 0.99658203125 }, { "start": 786.03, "end": 786.47, "word": " are", "probability": 0.5771484375 }, { "start": 786.47, "end": 787.67, "word": " concerned", "probability": 1.0 }, { "start": 787.67, "end": 787.83, "word": " about", "probability": 1.0 }, { "start": 787.83, "end": 787.95, "word": " in", "probability": 0.99658203125 }, { "start": 787.95, "end": 788.15, "word": " terms", "probability": 1.0 }, { "start": 788.15, "end": 788.29, "word": " of", "probability": 1.0 }, { "start": 788.29, "end": 788.73, "word": " systemic", "probability": 0.623046875 }, { "start": 788.73, "end": 789.21, "word": " risk?", "probability": 1.0 } ] }, { "start": 789.65, "end": 794.85, "text": "Longer term, potentially. I don't think we're there yet. I think the people are right to", "speaker_id": "Speaker 1", "words": [ { "start": 789.65, "end": 790.15, "word": " Longer", "probability": 0.998046875 }, { "start": 790.15, "end": 790.53, "word": " term,", "probability": 0.96923828125 }, { "start": 790.65, "end": 791.17, "word": " potentially.", "probability": 1.0 }, { "start": 791.17, "end": 791.55, "word": " I", "probability": 1.0 }, { "start": 791.55, "end": 791.83, "word": " don't", "probability": 0.999755859375 }, { "start": 791.83, "end": 791.99, "word": " think", "probability": 1.0 }, { "start": 791.99, "end": 792.13, "word": " we're", "probability": 0.99951171875 }, { "start": 792.13, "end": 792.39, "word": " there", "probability": 1.0 }, { "start": 792.39, "end": 792.69, "word": " yet.", "probability": 1.0 }, { "start": 793.15, "end": 793.65, "word": " I", "probability": 0.99951171875 }, { "start": 793.65, "end": 793.93, "word": " think", "probability": 1.0 }, { "start": 793.93, "end": 794.05, "word": " the", "probability": 0.66796875 }, { "start": 794.05, "end": 794.25, "word": " people", "probability": 1.0 }, { "start": 794.25, "end": 794.39, "word": " are", "probability": 0.99169921875 }, { "start": 794.39, "end": 794.63, "word": " right", "probability": 0.99951171875 }, { "start": 794.63, "end": 794.85, "word": " to", "probability": 1.0 } ] }, { "start": 794.85, "end": 800.93, "text": "bring that up. I just think we're still kind of in early to mid innings of this. And", "speaker_id": "Speaker 1", "words": [ { "start": 794.85, "end": 795.11, "word": " bring", "probability": 1.0 }, { "start": 795.11, "end": 795.29, "word": " that", "probability": 1.0 }, { "start": 795.29, "end": 795.49, "word": " up.", "probability": 1.0 }, { "start": 796.11, "end": 796.61, "word": " I", "probability": 1.0 }, { "start": 796.61, "end": 796.91, "word": " just", "probability": 0.99853515625 }, { "start": 796.91, "end": 797.05, "word": " think", "probability": 1.0 }, { "start": 797.05, "end": 797.21, "word": " we're", "probability": 1.0 }, { "start": 797.21, "end": 797.41, "word": " still", "probability": 1.0 }, { "start": 797.41, "end": 797.59, "word": " kind", "probability": 0.94873046875 }, { "start": 797.59, "end": 797.75, "word": " of", "probability": 1.0 }, { "start": 797.75, "end": 797.89, "word": " in", "probability": 1.0 }, { "start": 797.89, "end": 798.43, "word": " early", "probability": 0.9990234375 }, { "start": 798.43, "end": 798.57, "word": " to", "probability": 0.99853515625 }, { "start": 798.57, "end": 798.79, "word": " mid", "probability": 1.0 }, { "start": 798.79, "end": 799.23, "word": " innings", "probability": 0.83740234375 }, { "start": 799.23, "end": 799.71, "word": " of", "probability": 0.99951171875 }, { "start": 799.71, "end": 800.05, "word": " this.", "probability": 1.0 }, { "start": 800.59, "end": 800.93, "word": " And", "probability": 0.89111328125 } ] }, { "start": 800.93, "end": 805.61, "text": "generally speaking, things that are less so in the banking system tend to be less", "speaker_id": "Speaker 1", "words": [ { "start": 800.93, "end": 801.21, "word": " generally", "probability": 0.9990234375 }, { "start": 801.21, "end": 801.59, "word": " speaking,", "probability": 1.0 }, { "start": 801.79, "end": 802.01, "word": " things", "probability": 1.0 }, { "start": 802.01, "end": 802.19, "word": " that", "probability": 1.0 }, { "start": 802.19, "end": 802.75, "word": " are", "probability": 1.0 }, { "start": 802.75, "end": 803.97, "word": " less", "probability": 0.99267578125 }, { "start": 803.97, "end": 804.17, "word": " so", "probability": 0.99658203125 }, { "start": 804.17, "end": 804.25, "word": " in", "probability": 0.99951171875 }, { "start": 804.25, "end": 804.33, "word": " the", "probability": 1.0 }, { "start": 804.33, "end": 804.61, "word": " banking", "probability": 1.0 }, { "start": 804.61, "end": 805.03, "word": " system", "probability": 1.0 }, { "start": 805.03, "end": 805.25, "word": " tend", "probability": 0.99609375 }, { "start": 805.25, "end": 805.35, "word": " to", "probability": 1.0 }, { "start": 805.35, "end": 805.43, "word": " be", "probability": 1.0 }, { "start": 805.43, "end": 805.61, "word": " less", "probability": 1.0 } ] }, { "start": 805.61, "end": 811.53, "text": "catastrophic than something like subprime. um uh and so i i wouldn't put it quite in that", "speaker_id": "Speaker 1", "words": [ { "start": 805.61, "end": 806.23, "word": " catastrophic", "probability": 1.0 }, { "start": 806.23, "end": 806.63, "word": " than", "probability": 0.99951171875 }, { "start": 806.63, "end": 806.99, "word": " something", "probability": 1.0 }, { "start": 806.99, "end": 807.19, "word": " like", "probability": 1.0 }, { "start": 807.19, "end": 807.81, "word": " subprime.", "probability": 0.9983723958333334 }, { "start": 808.67, "end": 809.11, "word": " um", "probability": 0.01556396484375 }, { "start": 809.11, "end": 809.55, "word": " uh", "probability": 0.94580078125 }, { "start": 809.55, "end": 809.91, "word": " and", "probability": 0.998046875 }, { "start": 809.91, "end": 810.11, "word": " so", "probability": 1.0 }, { "start": 810.11, "end": 810.33, "word": " i", "probability": 0.9150390625 }, { "start": 810.33, "end": 810.45, "word": " i", "probability": 0.9013671875 }, { "start": 810.45, "end": 810.67, "word": " wouldn't", "probability": 1.0 }, { "start": 810.67, "end": 810.83, "word": " put", "probability": 1.0 }, { "start": 810.83, "end": 810.93, "word": " it", "probability": 1.0 }, { "start": 810.93, "end": 811.15, "word": " quite", "probability": 1.0 }, { "start": 811.15, "end": 811.33, "word": " in", "probability": 1.0 }, { "start": 811.33, "end": 811.53, "word": " that", "probability": 1.0 } ] }, { "start": 811.53, "end": 816.75, "text": "camp um but it is true that for example the hyperscalers are taking on increasing lease", "speaker_id": "Speaker 1", "words": [ { "start": 811.53, "end": 811.85, "word": " camp", "probability": 1.0 }, { "start": 811.85, "end": 812.57, "word": " um", "probability": 0.9970703125 }, { "start": 812.57, "end": 813.21, "word": " but", "probability": 1.0 }, { "start": 813.21, "end": 813.31, "word": " it", "probability": 1.0 }, { "start": 813.31, "end": 813.45, "word": " is", "probability": 1.0 }, { "start": 813.45, "end": 813.69, "word": " true", "probability": 1.0 }, { "start": 813.69, "end": 813.89, "word": " that", "probability": 1.0 }, { "start": 813.89, "end": 814.03, "word": " for", "probability": 1.0 }, { "start": 814.03, "end": 814.23, "word": " example", "probability": 0.99755859375 }, { "start": 814.23, "end": 814.39, "word": " the", "probability": 0.99853515625 }, { "start": 814.39, "end": 815.03, "word": " hyperscalers", "probability": 0.99267578125 }, { "start": 815.03, "end": 815.33, "word": " are", "probability": 1.0 }, { "start": 815.33, "end": 815.79, "word": " taking", "probability": 0.974609375 }, { "start": 815.79, "end": 816.01, "word": " on", "probability": 1.0 }, { "start": 816.01, "end": 816.41, "word": " increasing", "probability": 0.9990234375 }, { "start": 816.41, "end": 816.75, "word": " lease", "probability": 1.0 } ] }, { "start": 816.75, "end": 820.63, "text": "obligations uh because if you're building a if you're doing all this capex for a data", "speaker_id": "Speaker 1", "words": [ { "start": 816.75, "end": 817.33, "word": " obligations", "probability": 0.998046875 }, { "start": 817.33, "end": 818.15, "word": " uh", "probability": 0.97509765625 }, { "start": 818.15, "end": 818.47, "word": " because", "probability": 1.0 }, { "start": 818.47, "end": 818.65, "word": " if", "probability": 1.0 }, { "start": 818.65, "end": 818.73, "word": " you're", "probability": 1.0 }, { "start": 818.73, "end": 818.95, "word": " building", "probability": 0.9970703125 }, { "start": 818.95, "end": 819.15, "word": " a", "probability": 0.86083984375 }, { "start": 819.15, "end": 819.39, "word": " if", "probability": 1.0 }, { "start": 819.39, "end": 819.51, "word": " you're", "probability": 1.0 }, { "start": 819.51, "end": 819.61, "word": " doing", "probability": 0.9990234375 }, { "start": 819.61, "end": 819.73, "word": " all", "probability": 0.99951171875 }, { "start": 819.73, "end": 819.83, "word": " this", "probability": 0.97216796875 }, { "start": 819.83, "end": 820.11, "word": " capex", "probability": 0.904052734375 }, { "start": 820.11, "end": 820.33, "word": " for", "probability": 1.0 }, { "start": 820.33, "end": 820.45, "word": " a", "probability": 0.99951171875 }, { "start": 820.45, "end": 820.63, "word": " data", "probability": 0.99951171875 } ] }, { "start": 820.63, "end": 824.55, "text": "center you're looking for a client that's willing to sign you know a very long -term uh", "speaker_id": "Speaker 1", "words": [ { "start": 820.63, "end": 820.91, "word": " center", "probability": 1.0 }, { "start": 820.91, "end": 821.13, "word": " you're", "probability": 1.0 }, { "start": 821.13, "end": 821.29, "word": " looking", "probability": 0.9990234375 }, { "start": 821.29, "end": 821.47, "word": " for", "probability": 1.0 }, { "start": 821.47, "end": 821.61, "word": " a", "probability": 1.0 }, { "start": 821.61, "end": 821.99, "word": " client", "probability": 0.99853515625 }, { "start": 821.99, "end": 822.29, "word": " that's", "probability": 1.0 }, { "start": 822.29, "end": 822.43, "word": " willing", "probability": 0.99853515625 }, { "start": 822.43, "end": 822.57, "word": " to", "probability": 1.0 }, { "start": 822.57, "end": 822.91, "word": " sign", "probability": 0.9990234375 }, { "start": 822.91, "end": 823.13, "word": " you", "probability": 0.9912109375 }, { "start": 823.13, "end": 823.19, "word": " know", "probability": 0.99755859375 }, { "start": 823.19, "end": 823.33, "word": " a", "probability": 0.82861328125 }, { "start": 823.33, "end": 823.41, "word": " very", "probability": 0.99755859375 }, { "start": 823.41, "end": 823.71, "word": " long", "probability": 1.0 }, { "start": 823.71, "end": 824.05, "word": "-term", "probability": 0.965087890625 }, { "start": 824.05, "end": 824.55, "word": " uh", "probability": 0.7412109375 } ] }, { "start": 824.55, "end": 830.93, "text": "lease um uh and uh so that's all happening and then you have even some of the semiconductor", "speaker_id": "Speaker 1", "words": [ { "start": 824.55, "end": 824.99, "word": " lease", "probability": 0.9990234375 }, { "start": 824.99, "end": 825.89, "word": " um", "probability": 0.99755859375 }, { "start": 825.89, "end": 826.75, "word": " uh", "probability": 0.99365234375 }, { "start": 826.75, "end": 827.19, "word": " and", "probability": 1.0 }, { "start": 827.19, "end": 827.37, "word": " uh", "probability": 0.83935546875 }, { "start": 827.37, "end": 827.99, "word": " so", "probability": 1.0 }, { "start": 827.99, "end": 828.25, "word": " that's", "probability": 1.0 }, { "start": 828.25, "end": 828.37, "word": " all", "probability": 0.9990234375 }, { "start": 828.37, "end": 828.77, "word": " happening", "probability": 0.99951171875 }, { "start": 828.77, "end": 829.17, "word": " and", "probability": 1.0 }, { "start": 829.17, "end": 829.29, "word": " then", "probability": 1.0 }, { "start": 829.29, "end": 829.41, "word": " you", "probability": 1.0 }, { "start": 829.41, "end": 829.79, "word": " have", "probability": 0.99951171875 }, { "start": 829.79, "end": 830.17, "word": " even", "probability": 0.99951171875 }, { "start": 830.17, "end": 830.35, "word": " some", "probability": 1.0 }, { "start": 830.35, "end": 830.43, "word": " of", "probability": 0.99755859375 }, { "start": 830.43, "end": 830.51, "word": " the", "probability": 0.9990234375 }, { "start": 830.51, "end": 830.93, "word": " semiconductor", "probability": 0.9990234375 } ] }, { "start": 830.93, "end": 834.95, "text": "companies have kind of incestuous financing where it's like vendor financing like they're", "speaker_id": "Speaker 1", "words": [ { "start": 830.93, "end": 831.47, "word": " companies", "probability": 1.0 }, { "start": 831.47, "end": 831.75, "word": " have", "probability": 1.0 }, { "start": 831.75, "end": 831.93, "word": " kind", "probability": 0.99951171875 }, { "start": 831.93, "end": 832.05, "word": " of", "probability": 0.99951171875 }, { "start": 832.05, "end": 832.57, "word": " incestuous", "probability": 0.99951171875 }, { "start": 832.57, "end": 833.05, "word": " financing", "probability": 0.99951171875 }, { "start": 833.05, "end": 833.45, "word": " where", "probability": 1.0 }, { "start": 833.45, "end": 833.75, "word": " it's", "probability": 1.0 }, { "start": 833.75, "end": 833.85, "word": " like", "probability": 0.97314453125 }, { "start": 833.85, "end": 834.09, "word": " vendor", "probability": 0.93408203125 }, { "start": 834.09, "end": 834.59, "word": " financing", "probability": 1.0 }, { "start": 834.59, "end": 834.79, "word": " like", "probability": 0.078369140625 }, { "start": 834.79, "end": 834.95, "word": " they're", "probability": 0.954833984375 } ] }, { "start": 834.95, "end": 841.35, "text": "they'll like help help funds be raised to build out data centers and buy chips and they'll", "speaker_id": "Speaker 1", "words": [ { "start": 834.95, "end": 835.43, "word": " they'll", "probability": 0.99755859375 }, { "start": 835.43, "end": 835.71, "word": " like", "probability": 1.0 }, { "start": 835.71, "end": 836.51, "word": " help", "probability": 0.99951171875 }, { "start": 836.51, "end": 836.93, "word": " help", "probability": 0.99853515625 }, { "start": 836.93, "end": 837.55, "word": " funds", "probability": 0.99951171875 }, { "start": 837.55, "end": 837.75, "word": " be", "probability": 1.0 }, { "start": 837.75, "end": 838.31, "word": " raised", "probability": 1.0 }, { "start": 838.31, "end": 838.87, "word": " to", "probability": 1.0 }, { "start": 838.87, "end": 839.39, "word": " build", "probability": 1.0 }, { "start": 839.39, "end": 839.57, "word": " out", "probability": 0.99951171875 }, { "start": 839.57, "end": 839.83, "word": " data", "probability": 0.99951171875 }, { "start": 839.83, "end": 840.15, "word": " centers", "probability": 0.99951171875 }, { "start": 840.15, "end": 840.27, "word": " and", "probability": 1.0 }, { "start": 840.27, "end": 840.47, "word": " buy", "probability": 0.98779296875 }, { "start": 840.47, "end": 840.89, "word": " chips", "probability": 0.99951171875 }, { "start": 840.89, "end": 841.19, "word": " and", "probability": 0.99951171875 }, { "start": 841.19, "end": 841.35, "word": " they'll", "probability": 0.99951171875 } ] }, { "start": 841.35, "end": 847.53, "text": "backstop some of that as the chip maker right so you you get kind of a circular um", "speaker_id": "Speaker 1", "words": [ { "start": 841.35, "end": 841.93, "word": " backstop", "probability": 0.990478515625 }, { "start": 841.93, "end": 842.25, "word": " some", "probability": 1.0 }, { "start": 842.25, "end": 842.37, "word": " of", "probability": 1.0 }, { "start": 842.37, "end": 842.69, "word": " that", "probability": 1.0 }, { "start": 842.69, "end": 843.33, "word": " as", "probability": 1.0 }, { "start": 843.33, "end": 843.51, "word": " the", "probability": 1.0 }, { "start": 843.51, "end": 843.87, "word": " chip", "probability": 1.0 }, { "start": 843.87, "end": 844.21, "word": " maker", "probability": 0.99755859375 }, { "start": 844.21, "end": 844.97, "word": " right", "probability": 0.9912109375 }, { "start": 844.97, "end": 845.31, "word": " so", "probability": 0.99609375 }, { "start": 845.31, "end": 845.59, "word": " you", "probability": 0.99951171875 }, { "start": 845.59, "end": 845.99, "word": " you", "probability": 0.94921875 }, { "start": 845.99, "end": 846.15, "word": " get", "probability": 0.99951171875 }, { "start": 846.15, "end": 846.29, "word": " kind", "probability": 1.0 }, { "start": 846.29, "end": 846.37, "word": " of", "probability": 0.99951171875 }, { "start": 846.37, "end": 846.47, "word": " a", "probability": 0.99853515625 }, { "start": 846.47, "end": 846.91, "word": " circular", "probability": 0.9619140625 }, { "start": 846.91, "end": 847.53, "word": " um", "probability": 0.91357421875 } ] }, { "start": 847.53, "end": 852.87, "text": "complexity there and then of course a lot of venture capital went into the the the the", "speaker_id": "Speaker 1", "words": [ { "start": 847.53, "end": 848.31, "word": " complexity", "probability": 0.724609375 }, { "start": 848.31, "end": 848.63, "word": " there", "probability": 1.0 }, { "start": 848.63, "end": 849.05, "word": " and", "probability": 1.0 }, { "start": 849.05, "end": 849.15, "word": " then", "probability": 1.0 }, { "start": 849.15, "end": 849.31, "word": " of", "probability": 1.0 }, { "start": 849.31, "end": 849.43, "word": " course", "probability": 0.9990234375 }, { "start": 849.43, "end": 849.63, "word": " a", "probability": 1.0 }, { "start": 849.63, "end": 849.73, "word": " lot", "probability": 0.99951171875 }, { "start": 849.73, "end": 849.87, "word": " of", "probability": 0.99853515625 }, { "start": 849.87, "end": 850.15, "word": " venture", "probability": 0.9990234375 }, { "start": 850.15, "end": 850.53, "word": " capital", "probability": 1.0 }, { "start": 850.53, "end": 850.75, "word": " went", "probability": 0.99951171875 }, { "start": 850.75, "end": 851.05, "word": " into", "probability": 1.0 }, { "start": 851.05, "end": 851.69, "word": " the", "probability": 1.0 }, { "start": 851.69, "end": 851.99, "word": " the", "probability": 1.0 }, { "start": 851.99, "end": 852.67, "word": " the", "probability": 0.99169921875 }, { "start": 852.67, "end": 852.87, "word": " the", "probability": 0.91552734375 } ] }, { "start": 852.87, "end": 859.05, "text": "models themselves open ai anthropic and and they're being kind of chased by the open weight", "speaker_id": "Speaker 1", "words": [ { "start": 852.87, "end": 853.47, "word": " models", "probability": 0.8349609375 }, { "start": 853.47, "end": 853.93, "word": " themselves", "probability": 1.0 }, { "start": 853.93, "end": 854.31, "word": " open", "probability": 0.99755859375 }, { "start": 854.31, "end": 854.59, "word": " ai", "probability": 0.890625 }, { "start": 854.59, "end": 855.35, "word": " anthropic", "probability": 0.83740234375 }, { "start": 855.35, "end": 856.07, "word": " and", "probability": 1.0 }, { "start": 856.07, "end": 856.31, "word": " and", "probability": 1.0 }, { "start": 856.31, "end": 856.57, "word": " they're", "probability": 0.999755859375 }, { "start": 856.57, "end": 856.89, "word": " being", "probability": 1.0 }, { "start": 856.89, "end": 857.57, "word": " kind", "probability": 1.0 }, { "start": 857.57, "end": 857.73, "word": " of", "probability": 1.0 }, { "start": 857.73, "end": 858.17, "word": " chased", "probability": 1.0 }, { "start": 858.17, "end": 858.41, "word": " by", "probability": 1.0 }, { "start": 858.41, "end": 858.55, "word": " the", "probability": 1.0 }, { "start": 858.55, "end": 858.81, "word": " open", "probability": 1.0 }, { "start": 858.81, "end": 859.05, "word": " weight", "probability": 0.978515625 } ] }, { "start": 859.05, "end": 864.69, "text": "models uh it's very hard to justify a trillion or two trillion dollar valuation when you're", "speaker_id": "Speaker 1", "words": [ { "start": 859.05, "end": 859.47, "word": " models", "probability": 0.958984375 }, { "start": 859.47, "end": 860.19, "word": " uh", "probability": 0.0753173828125 }, { "start": 860.19, "end": 860.47, "word": " it's", "probability": 0.999755859375 }, { "start": 860.47, "end": 860.59, "word": " very", "probability": 1.0 }, { "start": 860.59, "end": 860.87, "word": " hard", "probability": 1.0 }, { "start": 860.87, "end": 861.05, "word": " to", "probability": 1.0 }, { "start": 861.05, "end": 861.49, "word": " justify", "probability": 1.0 }, { "start": 861.49, "end": 861.77, "word": " a", "probability": 1.0 }, { "start": 861.77, "end": 862.07, "word": " trillion", "probability": 1.0 }, { "start": 862.07, "end": 862.21, "word": " or", "probability": 0.99951171875 }, { "start": 862.21, "end": 862.33, "word": " two", "probability": 0.99365234375 }, { "start": 862.33, "end": 862.55, "word": " trillion", "probability": 1.0 }, { "start": 862.55, "end": 862.71, "word": " dollar", "probability": 0.96875 }, { "start": 862.71, "end": 863.23, "word": " valuation", "probability": 0.92138671875 }, { "start": 863.23, "end": 864.23, "word": " when", "probability": 1.0 }, { "start": 864.23, "end": 864.69, "word": " you're", "probability": 1.0 } ] }, { "start": 864.69, "end": 869.67, "text": "aggressively unprofitable and you're only months ahead of of like your kind of your closest", "speaker_id": "Speaker 1", "words": [ { "start": 864.69, "end": 865.41, "word": " aggressively", "probability": 0.9951171875 }, { "start": 865.41, "end": 866.07, "word": " unprofitable", "probability": 0.9952799479166666 }, { "start": 866.07, "end": 866.37, "word": " and", "probability": 1.0 }, { "start": 866.37, "end": 866.55, "word": " you're", "probability": 0.99951171875 }, { "start": 866.55, "end": 866.71, "word": " only", "probability": 0.99951171875 }, { "start": 866.71, "end": 867.03, "word": " months", "probability": 1.0 }, { "start": 867.03, "end": 867.35, "word": " ahead", "probability": 1.0 }, { "start": 867.35, "end": 867.83, "word": " of", "probability": 1.0 }, { "start": 867.83, "end": 868.19, "word": " of", "probability": 0.62548828125 }, { "start": 868.19, "end": 868.31, "word": " like", "probability": 1.0 }, { "start": 868.31, "end": 868.45, "word": " your", "probability": 0.90966796875 }, { "start": 868.45, "end": 868.61, "word": " kind", "probability": 0.9970703125 }, { "start": 868.61, "end": 868.75, "word": " of", "probability": 0.99951171875 }, { "start": 868.75, "end": 869.29, "word": " your", "probability": 1.0 }, { "start": 869.29, "end": 869.67, "word": " closest", "probability": 1.0 } ] }, { "start": 869.67, "end": 876.49, "text": "copiers um uh and so i do think a lot of this will run into a pretty big drawdown", "speaker_id": "Speaker 1", "words": [ { "start": 869.67, "end": 870.19, "word": " copiers", "probability": 0.996826171875 }, { "start": 870.19, "end": 871.09, "word": " um", "probability": 0.99365234375 }, { "start": 871.09, "end": 871.81, "word": " uh", "probability": 0.97412109375 }, { "start": 871.81, "end": 872.21, "word": " and", "probability": 1.0 }, { "start": 872.21, "end": 872.55, "word": " so", "probability": 1.0 }, { "start": 872.55, "end": 873.39, "word": " i", "probability": 0.8837890625 }, { "start": 873.39, "end": 873.55, "word": " do", "probability": 0.970703125 }, { "start": 873.55, "end": 873.77, "word": " think", "probability": 0.99951171875 }, { "start": 873.77, "end": 874.25, "word": " a", "probability": 1.0 }, { "start": 874.25, "end": 874.47, "word": " lot", "probability": 0.98095703125 }, { "start": 874.47, "end": 874.61, "word": " of", "probability": 0.99951171875 }, { "start": 874.61, "end": 874.75, "word": " this", "probability": 1.0 }, { "start": 874.75, "end": 874.89, "word": " will", "probability": 1.0 }, { "start": 874.89, "end": 875.11, "word": " run", "probability": 1.0 }, { "start": 875.11, "end": 875.29, "word": " into", "probability": 1.0 }, { "start": 875.29, "end": 875.41, "word": " a", "probability": 1.0 }, { "start": 875.41, "end": 875.57, "word": " pretty", "probability": 0.9970703125 }, { "start": 875.57, "end": 875.75, "word": " big", "probability": 1.0 }, { "start": 875.75, "end": 876.49, "word": " drawdown", "probability": 0.996826171875 } ] }, { "start": 876.49, "end": 882.23, "text": "at certain points um but i i think we're still we're still in the build -out phase we still", "speaker_id": "Speaker 1", "words": [ { "start": 876.49, "end": 876.97, "word": " at", "probability": 1.0 }, { "start": 876.97, "end": 877.27, "word": " certain", "probability": 0.99951171875 }, { "start": 877.27, "end": 877.71, "word": " points", "probability": 0.99951171875 }, { "start": 877.71, "end": 878.39, "word": " um", "probability": 0.99609375 }, { "start": 878.39, "end": 879.01, "word": " but", "probability": 1.0 }, { "start": 879.01, "end": 879.13, "word": " i", "probability": 1.0 }, { "start": 879.13, "end": 879.45, "word": " i", "probability": 0.99462890625 }, { "start": 879.45, "end": 879.71, "word": " think", "probability": 1.0 }, { "start": 879.71, "end": 879.95, "word": " we're", "probability": 1.0 }, { "start": 879.95, "end": 880.21, "word": " still", "probability": 0.98681640625 }, { "start": 880.21, "end": 880.53, "word": " we're", "probability": 0.97119140625 }, { "start": 880.53, "end": 880.73, "word": " still", "probability": 0.99951171875 }, { "start": 880.73, "end": 880.91, "word": " in", "probability": 0.99951171875 }, { "start": 880.91, "end": 880.99, "word": " the", "probability": 0.998046875 }, { "start": 880.99, "end": 881.21, "word": " build", "probability": 0.99853515625 }, { "start": 881.21, "end": 881.35, "word": "-out", "probability": 0.8359375 }, { "start": 881.35, "end": 881.73, "word": " phase", "probability": 0.99951171875 }, { "start": 881.73, "end": 882.05, "word": " we", "probability": 0.9931640625 }, { "start": 882.05, "end": 882.23, "word": " still", "probability": 1.0 } ] }, { "start": 882.23, "end": 883.93, "text": "have massive bottlenecks and semi -connectors,", "speaker_id": "Speaker 1", "words": [ { "start": 882.23, "end": 882.33, "word": " have", "probability": 0.99951171875 }, { "start": 882.33, "end": 882.65, "word": " massive", "probability": 0.9990234375 }, { "start": 882.65, "end": 883.13, "word": " bottlenecks", "probability": 0.9990234375 }, { "start": 883.13, "end": 883.25, "word": " and", "probability": 0.947265625 }, { "start": 883.25, "end": 883.45, "word": " semi", "probability": 0.314453125 }, { "start": 883.45, "end": 883.93, "word": "-connectors,", "probability": 0.9669596354166666 } ] }, { "start": 885.21, "end": 891.23, "text": "we still have a key thing I watch is just kind of like, are businesses spending more on AI", "speaker_id": "Speaker 1", "words": [ { "start": 885.21, "end": 885.53, "word": " we", "probability": 0.465087890625 }, { "start": 885.53, "end": 885.77, "word": " still", "probability": 0.99951171875 }, { "start": 885.77, "end": 886.19, "word": " have", "probability": 1.0 }, { "start": 886.19, "end": 887.23, "word": " a", "probability": 0.48779296875 }, { "start": 887.23, "end": 887.57, "word": " key", "probability": 0.99951171875 }, { "start": 887.57, "end": 887.75, "word": " thing", "probability": 1.0 }, { "start": 887.75, "end": 887.87, "word": " I", "probability": 0.98974609375 }, { "start": 887.87, "end": 888.29, "word": " watch", "probability": 0.998046875 }, { "start": 888.29, "end": 888.45, "word": " is", "probability": 0.9755859375 }, { "start": 888.45, "end": 888.61, "word": " just", "probability": 0.9970703125 }, { "start": 888.61, "end": 888.75, "word": " kind", "probability": 0.970703125 }, { "start": 888.75, "end": 888.85, "word": " of", "probability": 1.0 }, { "start": 888.85, "end": 889.05, "word": " like,", "probability": 0.994140625 }, { "start": 889.19, "end": 889.65, "word": " are", "probability": 0.83203125 }, { "start": 889.65, "end": 889.93, "word": " businesses", "probability": 0.7978515625 }, { "start": 889.93, "end": 890.23, "word": " spending", "probability": 0.99951171875 }, { "start": 890.23, "end": 890.67, "word": " more", "probability": 1.0 }, { "start": 890.67, "end": 890.97, "word": " on", "probability": 1.0 }, { "start": 890.97, "end": 891.23, "word": " AI", "probability": 0.99951171875 } ] }, { "start": 891.23, "end": 896.93, "text": "or less than they were months ago? And we always see the occasional headline, like this", "speaker_id": "Speaker 1", "words": [ { "start": 891.23, "end": 891.45, "word": " or", "probability": 0.99951171875 }, { "start": 891.45, "end": 891.85, "word": " less", "probability": 1.0 }, { "start": 892.67, "end": 893.07, "word": " than", "probability": 0.994140625 }, { "start": 893.07, "end": 893.17, "word": " they", "probability": 1.0 }, { "start": 893.17, "end": 893.31, "word": " were", "probability": 1.0 }, { "start": 893.31, "end": 893.57, "word": " months", "probability": 1.0 }, { "start": 893.57, "end": 893.81, "word": " ago?", "probability": 1.0 }, { "start": 893.97, "end": 894.17, "word": " And", "probability": 0.98046875 }, { "start": 894.17, "end": 894.23, "word": " we", "probability": 0.99951171875 }, { "start": 894.23, "end": 894.41, "word": " always", "probability": 0.99951171875 }, { "start": 894.41, "end": 894.65, "word": " see", "probability": 0.90625 }, { "start": 894.65, "end": 894.77, "word": " the", "probability": 1.0 }, { "start": 894.77, "end": 895.15, "word": " occasional", "probability": 0.99755859375 }, { "start": 895.15, "end": 895.63, "word": " headline,", "probability": 1.0 }, { "start": 895.83, "end": 895.95, "word": " like", "probability": 0.92578125 }, { "start": 895.95, "end": 896.93, "word": " this", "probability": 0.62939453125 } ] }, { "start": 896.93, "end": 900.73, "text": "business spends so much, they're pulling back and they were spending so much and now", "speaker_id": "Speaker 1", "words": [ { "start": 896.93, "end": 897.29, "word": " business", "probability": 0.99951171875 }, { "start": 897.29, "end": 897.49, "word": " spends", "probability": 0.65673828125 }, { "start": 897.49, "end": 897.69, "word": " so", "probability": 1.0 }, { "start": 897.69, "end": 897.87, "word": " much,", "probability": 1.0 }, { "start": 897.95, "end": 898.09, "word": " they're", "probability": 1.0 }, { "start": 898.09, "end": 898.35, "word": " pulling", "probability": 1.0 }, { "start": 898.35, "end": 898.73, "word": " back", "probability": 1.0 }, { "start": 898.73, "end": 898.95, "word": " and", "probability": 0.76611328125 }, { "start": 898.95, "end": 899.51, "word": " they", "probability": 0.99658203125 }, { "start": 899.51, "end": 899.81, "word": " were", "probability": 1.0 }, { "start": 899.81, "end": 900.03, "word": " spending", "probability": 1.0 }, { "start": 900.03, "end": 900.21, "word": " so", "probability": 1.0 }, { "start": 900.21, "end": 900.45, "word": " much", "probability": 1.0 }, { "start": 900.45, "end": 900.59, "word": " and", "probability": 0.95361328125 }, { "start": 900.59, "end": 900.73, "word": " now", "probability": 1.0 } ] }, { "start": 900.73, "end": 904.85, "text": "they're putting more safeguards in. And those keep happening and yet the overall spend", "speaker_id": "Speaker 1", "words": [ { "start": 900.73, "end": 900.97, "word": " they're", "probability": 1.0 }, { "start": 900.97, "end": 901.39, "word": " putting", "probability": 0.99951171875 }, { "start": 901.39, "end": 901.57, "word": " more", "probability": 1.0 }, { "start": 901.57, "end": 902.09, "word": " safeguards", "probability": 1.0 }, { "start": 902.09, "end": 902.31, "word": " in.", "probability": 1.0 }, { "start": 902.59, "end": 902.81, "word": " And", "probability": 0.998046875 }, { "start": 902.81, "end": 903.01, "word": " those", "probability": 1.0 }, { "start": 903.01, "end": 903.17, "word": " keep", "probability": 1.0 }, { "start": 903.17, "end": 903.59, "word": " happening", "probability": 1.0 }, { "start": 903.59, "end": 903.75, "word": " and", "probability": 0.75732421875 }, { "start": 903.75, "end": 903.95, "word": " yet", "probability": 1.0 }, { "start": 903.95, "end": 904.13, "word": " the", "probability": 0.99609375 }, { "start": 904.13, "end": 904.45, "word": " overall", "probability": 1.0 }, { "start": 904.45, "end": 904.85, "word": " spend", "probability": 0.99951171875 } ] }, { "start": 904.85, "end": 909.05, "text": "keeps going up because we're kind of, again, my earlier point when a new technology", "speaker_id": "Speaker 1", "words": [ { "start": 904.85, "end": 905.45, "word": " keeps", "probability": 0.99853515625 }, { "start": 905.45, "end": 905.69, "word": " going", "probability": 1.0 }, { "start": 905.69, "end": 906.03, "word": " up", "probability": 1.0 }, { "start": 906.03, "end": 906.35, "word": " because", "probability": 0.955078125 }, { "start": 906.35, "end": 906.53, "word": " we're", "probability": 0.99951171875 }, { "start": 906.53, "end": 906.67, "word": " kind", "probability": 0.9990234375 }, { "start": 906.67, "end": 906.81, "word": " of,", "probability": 1.0 }, { "start": 906.93, "end": 907.13, "word": " again,", "probability": 0.99755859375 }, { "start": 907.33, "end": 907.61, "word": " my", "probability": 1.0 }, { "start": 907.61, "end": 907.87, "word": " earlier", "probability": 0.96240234375 }, { "start": 907.87, "end": 908.17, "word": " point", "probability": 1.0 }, { "start": 908.17, "end": 908.33, "word": " when", "probability": 0.74853515625 }, { "start": 908.33, "end": 908.45, "word": " a", "probability": 1.0 }, { "start": 908.45, "end": 908.57, "word": " new", "probability": 1.0 }, { "start": 908.57, "end": 909.05, "word": " technology", "probability": 1.0 } ] }, { "start": 909.05, "end": 912.43, "text": "unlocks, there's like a kind of a zero to one moment where everyone has to kind of get from", "speaker_id": "Speaker 1", "words": [ { "start": 909.05, "end": 909.45, "word": " unlocks,", "probability": 0.9482421875 }, { "start": 909.51, "end": 909.67, "word": " there's", "probability": 0.984130859375 }, { "start": 909.67, "end": 909.79, "word": " like", "probability": 0.9853515625 }, { "start": 909.79, "end": 909.93, "word": " a", "probability": 0.98681640625 }, { "start": 909.93, "end": 910.27, "word": " kind", "probability": 0.9931640625 }, { "start": 910.27, "end": 910.37, "word": " of", "probability": 1.0 }, { "start": 910.37, "end": 910.47, "word": " a", "probability": 0.83349609375 }, { "start": 910.47, "end": 910.61, "word": " zero", "probability": 0.998046875 }, { "start": 910.61, "end": 910.69, "word": " to", "probability": 0.947265625 }, { "start": 910.69, "end": 910.85, "word": " one", "probability": 1.0 }, { "start": 910.85, "end": 911.19, "word": " moment", "probability": 1.0 }, { "start": 911.19, "end": 911.43, "word": " where", "probability": 0.99951171875 }, { "start": 911.43, "end": 911.71, "word": " everyone", "probability": 0.99951171875 }, { "start": 911.71, "end": 911.83, "word": " has", "probability": 1.0 }, { "start": 911.83, "end": 911.93, "word": " to", "probability": 1.0 }, { "start": 911.93, "end": 912.07, "word": " kind", "probability": 0.99951171875 }, { "start": 912.07, "end": 912.13, "word": " of", "probability": 1.0 }, { "start": 912.13, "end": 912.27, "word": " get", "probability": 1.0 }, { "start": 912.27, "end": 912.43, "word": " from", "probability": 1.0 } ] }, { "start": 912.43, "end": 918.15, "text": "not using it to some baseline of using it. And there are tons of studies that show, for", "speaker_id": "Speaker 1", "words": [ { "start": 912.43, "end": 912.63, "word": " not", "probability": 1.0 }, { "start": 912.63, "end": 912.93, "word": " using", "probability": 1.0 }, { "start": 912.93, "end": 913.05, "word": " it", "probability": 0.99951171875 }, { "start": 913.13, "end": 913.29, "word": " to", "probability": 0.91943359375 }, { "start": 913.29, "end": 913.89, "word": " some", "probability": 0.99609375 }, { "start": 913.89, "end": 914.45, "word": " baseline", "probability": 0.91943359375 }, { "start": 914.45, "end": 914.75, "word": " of", "probability": 0.99951171875 }, { "start": 914.75, "end": 914.99, "word": " using", "probability": 0.99951171875 }, { "start": 914.99, "end": 915.21, "word": " it.", "probability": 0.99951171875 }, { "start": 916.17, "end": 916.65, "word": " And", "probability": 0.92724609375 }, { "start": 916.65, "end": 916.77, "word": " there", "probability": 0.9990234375 }, { "start": 916.77, "end": 916.99, "word": " are", "probability": 1.0 }, { "start": 916.99, "end": 917.27, "word": " tons", "probability": 0.99755859375 }, { "start": 917.27, "end": 917.39, "word": " of", "probability": 1.0 }, { "start": 917.39, "end": 917.63, "word": " studies", "probability": 0.99951171875 }, { "start": 917.63, "end": 917.79, "word": " that", "probability": 0.99853515625 }, { "start": 917.79, "end": 917.97, "word": " show,", "probability": 0.99951171875 }, { "start": 918.09, "end": 918.15, "word": " for", "probability": 0.99951171875 } ] }, { "start": 918.15, "end": 921.73, "text": "example, that just companies that are just higher adopters of AI", "speaker_id": "Speaker 1", "words": [ { "start": 918.15, "end": 918.43, "word": " example,", "probability": 0.99951171875 }, { "start": 918.57, "end": 918.61, "word": " that", "probability": 0.97021484375 }, { "start": 918.61, "end": 918.73, "word": " just", "probability": 0.80029296875 }, { "start": 918.73, "end": 919.11, "word": " companies", "probability": 0.99951171875 }, { "start": 919.11, "end": 919.37, "word": " that", "probability": 0.99853515625 }, { "start": 919.37, "end": 919.99, "word": " are", "probability": 1.0 }, { "start": 919.99, "end": 920.17, "word": " just", "probability": 0.9990234375 }, { "start": 920.17, "end": 920.65, "word": " higher", "probability": 0.95947265625 }, { "start": 920.65, "end": 921.19, "word": " adopters", "probability": 0.9990234375 }, { "start": 921.19, "end": 921.35, "word": " of", "probability": 1.0 }, { "start": 921.35, "end": 921.73, "word": " AI", "probability": 0.9931640625 } ] }, { "start": 923.15, "end": 927.37, "text": "tend to be winning and taking market share versus ones in their field that are not, and", "speaker_id": "Speaker 1", "words": [ { "start": 923.15, "end": 923.63, "word": " tend", "probability": 0.93310546875 }, { "start": 923.63, "end": 923.79, "word": " to", "probability": 1.0 }, { "start": 923.79, "end": 923.93, "word": " be", "probability": 0.99951171875 }, { "start": 923.93, "end": 924.21, "word": " winning", "probability": 0.99951171875 }, { "start": 924.21, "end": 924.39, "word": " and", "probability": 0.9619140625 }, { "start": 924.39, "end": 924.63, "word": " taking", "probability": 0.99951171875 }, { "start": 924.63, "end": 924.97, "word": " market", "probability": 0.99853515625 }, { "start": 924.97, "end": 925.21, "word": " share", "probability": 0.9990234375 }, { "start": 925.21, "end": 925.51, "word": " versus", "probability": 0.984375 }, { "start": 925.51, "end": 925.77, "word": " ones", "probability": 0.998046875 }, { "start": 925.77, "end": 925.95, "word": " in", "probability": 0.99658203125 }, { "start": 925.95, "end": 926.07, "word": " their", "probability": 0.99951171875 }, { "start": 926.07, "end": 926.33, "word": " field", "probability": 0.9990234375 }, { "start": 926.33, "end": 926.47, "word": " that", "probability": 0.99951171875 }, { "start": 926.47, "end": 926.57, "word": " are", "probability": 0.99951171875 }, { "start": 926.57, "end": 926.91, "word": " not,", "probability": 1.0 }, { "start": 927.07, "end": 927.37, "word": " and", "probability": 0.99951171875 } ] }, { "start": 927.37, "end": 931.69, "text": "ironically tend to increase headcount. Because you have this idea that it's like a zero", "speaker_id": "Speaker 1", "words": [ { "start": 927.37, "end": 927.81, "word": " ironically", "probability": 0.9970703125 }, { "start": 927.81, "end": 928.07, "word": " tend", "probability": 0.7177734375 }, { "start": 928.07, "end": 928.21, "word": " to", "probability": 1.0 }, { "start": 928.21, "end": 928.57, "word": " increase", "probability": 0.9990234375 }, { "start": 928.57, "end": 929.09, "word": " headcount.", "probability": 0.863525390625 }, { "start": 929.73, "end": 930.21, "word": " Because", "probability": 0.990234375 }, { "start": 930.21, "end": 930.29, "word": " you", "probability": 0.53857421875 }, { "start": 930.29, "end": 930.39, "word": " have", "probability": 1.0 }, { "start": 930.39, "end": 930.67, "word": " this", "probability": 0.9951171875 }, { "start": 930.67, "end": 930.95, "word": " idea", "probability": 1.0 }, { "start": 930.95, "end": 931.11, "word": " that", "probability": 0.99951171875 }, { "start": 931.11, "end": 931.25, "word": " it's", "probability": 0.9990234375 }, { "start": 931.25, "end": 931.37, "word": " like", "probability": 0.97216796875 }, { "start": 931.37, "end": 931.47, "word": " a", "probability": 0.998046875 }, { "start": 931.47, "end": 931.69, "word": " zero", "probability": 0.99951171875 } ] }, { "start": 931.69, "end": 935.73, "text": "sum, like if you use AI, it means you're firing your employees. Sometimes it means that", "speaker_id": "Speaker 1", "words": [ { "start": 931.69, "end": 932.01, "word": " sum,", "probability": 0.76220703125 }, { "start": 932.13, "end": 932.23, "word": " like", "probability": 0.9814453125 }, { "start": 932.23, "end": 932.41, "word": " if", "probability": 0.99609375 }, { "start": 932.41, "end": 932.51, "word": " you", "probability": 1.0 }, { "start": 932.51, "end": 932.77, "word": " use", "probability": 1.0 }, { "start": 932.77, "end": 933.09, "word": " AI,", "probability": 1.0 }, { "start": 933.27, "end": 933.29, "word": " it", "probability": 0.99951171875 }, { "start": 933.29, "end": 933.47, "word": " means", "probability": 1.0 }, { "start": 933.47, "end": 933.61, "word": " you're", "probability": 0.99951171875 }, { "start": 933.61, "end": 933.87, "word": " firing", "probability": 0.85107421875 }, { "start": 933.87, "end": 934.03, "word": " your", "probability": 0.99951171875 }, { "start": 934.03, "end": 934.53, "word": " employees.", "probability": 1.0 }, { "start": 934.77, "end": 935.21, "word": " Sometimes", "probability": 0.99951171875 }, { "start": 935.21, "end": 935.39, "word": " it", "probability": 0.99658203125 }, { "start": 935.39, "end": 935.57, "word": " means", "probability": 1.0 }, { "start": 935.57, "end": 935.73, "word": " that", "probability": 0.99951171875 } ] }, { "start": 935.73, "end": 940.47, "text": "you're making each of your employees just do twice as much effectiveness with their time.", "speaker_id": "Speaker 1", "words": [ { "start": 935.73, "end": 935.91, "word": " you're", "probability": 0.999755859375 }, { "start": 935.91, "end": 936.15, "word": " making", "probability": 1.0 }, { "start": 936.15, "end": 936.41, "word": " each", "probability": 1.0 }, { "start": 936.41, "end": 936.53, "word": " of", "probability": 1.0 }, { "start": 936.53, "end": 936.65, "word": " your", "probability": 0.99951171875 }, { "start": 936.65, "end": 937.21, "word": " employees", "probability": 0.99951171875 }, { "start": 937.21, "end": 937.57, "word": " just", "probability": 0.9892578125 }, { "start": 937.57, "end": 938.05, "word": " do", "probability": 0.99853515625 }, { "start": 938.05, "end": 938.35, "word": " twice", "probability": 1.0 }, { "start": 938.35, "end": 938.55, "word": " as", "probability": 1.0 }, { "start": 938.55, "end": 938.99, "word": " much", "probability": 1.0 }, { "start": 938.99, "end": 939.55, "word": " effectiveness", "probability": 0.99951171875 }, { "start": 939.55, "end": 939.95, "word": " with", "probability": 0.99951171875 }, { "start": 939.95, "end": 940.09, "word": " their", "probability": 1.0 }, { "start": 940.09, "end": 940.47, "word": " time.", "probability": 1.0 } ] }, { "start": 941.09, "end": 945.17, "text": "and so your company is able to run on better margins and better pricing and so you take", "speaker_id": "Speaker 1", "words": [ { "start": 941.09, "end": 941.61, "word": " and", "probability": 0.090087890625 }, { "start": 941.61, "end": 941.81, "word": " so", "probability": 0.99267578125 }, { "start": 941.81, "end": 942.11, "word": " your", "probability": 0.99169921875 }, { "start": 942.11, "end": 942.53, "word": " company", "probability": 0.970703125 }, { "start": 942.53, "end": 942.61, "word": " is", "probability": 0.491943359375 }, { "start": 942.61, "end": 942.71, "word": " able", "probability": 1.0 }, { "start": 942.71, "end": 942.79, "word": " to", "probability": 1.0 }, { "start": 942.79, "end": 942.95, "word": " run", "probability": 1.0 }, { "start": 942.95, "end": 943.09, "word": " on", "probability": 0.99951171875 }, { "start": 943.09, "end": 943.33, "word": " better", "probability": 1.0 }, { "start": 943.33, "end": 943.75, "word": " margins", "probability": 1.0 }, { "start": 943.75, "end": 943.97, "word": " and", "probability": 0.9990234375 }, { "start": 943.97, "end": 944.17, "word": " better", "probability": 0.99951171875 }, { "start": 944.17, "end": 944.59, "word": " pricing", "probability": 1.0 }, { "start": 944.59, "end": 944.75, "word": " and", "probability": 0.488037109375 }, { "start": 944.75, "end": 944.85, "word": " so", "probability": 0.9970703125 }, { "start": 944.85, "end": 944.93, "word": " you", "probability": 0.99951171875 }, { "start": 944.93, "end": 945.17, "word": " take", "probability": 0.99853515625 } ] }, { "start": 945.17, "end": 949.97, "text": "market share from competitors and you can actually grow headcount despite using more AI. So", "speaker_id": "Speaker 1", "words": [ { "start": 945.17, "end": 945.43, "word": " market", "probability": 0.99609375 }, { "start": 945.43, "end": 945.59, "word": " share", "probability": 0.99951171875 }, { "start": 945.59, "end": 945.77, "word": " from", "probability": 1.0 }, { "start": 945.77, "end": 946.25, "word": " competitors", "probability": 1.0 }, { "start": 946.25, "end": 946.49, "word": " and", "probability": 0.9970703125 }, { "start": 946.49, "end": 946.55, "word": " you", "probability": 0.99951171875 }, { "start": 946.55, "end": 946.65, "word": " can", "probability": 0.9990234375 }, { "start": 946.65, "end": 946.83, "word": " actually", "probability": 0.9990234375 }, { "start": 946.83, "end": 947.13, "word": " grow", "probability": 0.99951171875 }, { "start": 947.13, "end": 947.65, "word": " headcount", "probability": 0.973876953125 }, { "start": 947.65, "end": 948.59, "word": " despite", "probability": 0.9814453125 }, { "start": 948.59, "end": 948.87, "word": " using", "probability": 1.0 }, { "start": 948.87, "end": 949.11, "word": " more", "probability": 1.0 }, { "start": 949.11, "end": 949.39, "word": " AI.", "probability": 0.97802734375 }, { "start": 949.87, "end": 949.97, "word": " So", "probability": 0.78466796875 } ] }, { "start": 949.97, "end": 956.95, "text": "I still think that this has room to run even though like on any given thing", "speaker_id": "Speaker 1", "words": [ { "start": 949.97, "end": 950.55, "word": " I", "probability": 0.9462890625 }, { "start": 950.55, "end": 950.77, "word": " still", "probability": 1.0 }, { "start": 950.77, "end": 950.93, "word": " think", "probability": 1.0 }, { "start": 950.93, "end": 951.05, "word": " that", "probability": 0.9990234375 }, { "start": 951.05, "end": 951.21, "word": " this", "probability": 1.0 }, { "start": 951.21, "end": 951.45, "word": " has", "probability": 1.0 }, { "start": 951.45, "end": 952.15, "word": " room", "probability": 0.99951171875 }, { "start": 952.15, "end": 952.35, "word": " to", "probability": 1.0 }, { "start": 952.35, "end": 952.69, "word": " run", "probability": 1.0 }, { "start": 953.39, "end": 953.91, "word": " even", "probability": 0.79443359375 }, { "start": 953.91, "end": 954.31, "word": " though", "probability": 1.0 }, { "start": 954.31, "end": 955.13, "word": " like", "probability": 0.79052734375 }, { "start": 955.13, "end": 955.31, "word": " on", "probability": 0.99853515625 }, { "start": 955.31, "end": 955.53, "word": " any", "probability": 1.0 }, { "start": 955.53, "end": 955.89, "word": " given", "probability": 1.0 }, { "start": 955.89, "end": 956.95, "word": " thing", "probability": 0.99951171875 } ] }, { "start": 956.95, "end": 963.01, "text": "that gets brought up, the vendor financing, the massive AI capex, the shifting things from", "speaker_id": "Speaker 1", "words": [ { "start": 956.95, "end": 957.09, "word": " that", "probability": 1.0 }, { "start": 957.09, "end": 957.25, "word": " gets", "probability": 0.99951171875 }, { "start": 957.25, "end": 957.51, "word": " brought", "probability": 1.0 }, { "start": 957.51, "end": 957.85, "word": " up,", "probability": 1.0 }, { "start": 957.93, "end": 958.23, "word": " the", "probability": 0.62841796875 }, { "start": 958.23, "end": 959.15, "word": " vendor", "probability": 0.9990234375 }, { "start": 959.15, "end": 959.75, "word": " financing,", "probability": 1.0 }, { "start": 960.17, "end": 960.49, "word": " the", "probability": 1.0 }, { "start": 960.49, "end": 961.05, "word": " massive", "probability": 0.99951171875 }, { "start": 961.05, "end": 961.39, "word": " AI", "probability": 1.0 }, { "start": 961.39, "end": 961.91, "word": " capex,", "probability": 0.87353515625 }, { "start": 962.21, "end": 962.25, "word": " the", "probability": 0.86572265625 }, { "start": 962.25, "end": 962.59, "word": " shifting", "probability": 0.99951171875 }, { "start": 962.59, "end": 962.85, "word": " things", "probability": 0.9990234375 }, { "start": 962.85, "end": 963.01, "word": " from", "probability": 1.0 } ] }, { "start": 963.01, "end": 965.11, "text": "the corporate bond side to lease obligations,", "speaker_id": "Speaker 1", "words": [ { "start": 963.01, "end": 963.17, "word": " the", "probability": 1.0 }, { "start": 963.17, "end": 963.47, "word": " corporate", "probability": 1.0 }, { "start": 963.47, "end": 963.75, "word": " bond", "probability": 0.99755859375 }, { "start": 963.75, "end": 964.03, "word": " side", "probability": 0.99951171875 }, { "start": 964.03, "end": 964.21, "word": " to", "probability": 0.99951171875 }, { "start": 964.21, "end": 964.45, "word": " lease", "probability": 0.3515625 }, { "start": 964.45, "end": 965.11, "word": " obligations,", "probability": 0.9990234375 } ] }, { "start": 966.51, "end": 973.13, "text": "questions around depreciation, What is the true useful life of a leading -edge GPU, for", "speaker_id": "Speaker 1", "words": [ { "start": 966.51, "end": 967.03, "word": " questions", "probability": 0.998046875 }, { "start": 967.03, "end": 967.43, "word": " around", "probability": 0.99951171875 }, { "start": 967.43, "end": 968.65, "word": " depreciation,", "probability": 0.999755859375 }, { "start": 968.65, "end": 969.17, "word": " What", "probability": 0.49609375 }, { "start": 969.17, "end": 969.33, "word": " is", "probability": 1.0 }, { "start": 969.33, "end": 969.93, "word": " the", "probability": 0.99951171875 }, { "start": 969.93, "end": 970.13, "word": " true", "probability": 0.990234375 }, { "start": 970.13, "end": 970.43, "word": " useful", "probability": 0.9697265625 }, { "start": 970.43, "end": 970.87, "word": " life", "probability": 1.0 }, { "start": 970.87, "end": 971.71, "word": " of", "probability": 0.9990234375 }, { "start": 971.71, "end": 971.85, "word": " a", "probability": 1.0 }, { "start": 971.85, "end": 972.05, "word": " leading", "probability": 0.99951171875 }, { "start": 972.05, "end": 972.29, "word": "-edge", "probability": 0.7135009765625 }, { "start": 972.29, "end": 972.75, "word": " GPU,", "probability": 0.99951171875 }, { "start": 972.95, "end": 973.13, "word": " for", "probability": 1.0 } ] }, { "start": 973.13, "end": 977.67, "text": "example? These are all very valid questions, and I think it'll probably take more time", "speaker_id": "Speaker 1", "words": [ { "start": 973.13, "end": 973.51, "word": " example?", "probability": 1.0 }, { "start": 973.91, "end": 974.35, "word": " These", "probability": 1.0 }, { "start": 974.35, "end": 974.47, "word": " are", "probability": 1.0 }, { "start": 974.47, "end": 974.65, "word": " all", "probability": 1.0 }, { "start": 974.65, "end": 974.85, "word": " very", "probability": 1.0 }, { "start": 974.85, "end": 975.07, "word": " valid", "probability": 0.99951171875 }, { "start": 975.07, "end": 975.53, "word": " questions,", "probability": 1.0 }, { "start": 975.53, "end": 976.19, "word": " and", "probability": 1.0 }, { "start": 976.19, "end": 976.31, "word": " I", "probability": 1.0 }, { "start": 976.31, "end": 976.45, "word": " think", "probability": 1.0 }, { "start": 976.45, "end": 976.63, "word": " it'll", "probability": 0.932373046875 }, { "start": 976.63, "end": 976.85, "word": " probably", "probability": 1.0 }, { "start": 976.85, "end": 977.11, "word": " take", "probability": 1.0 }, { "start": 977.11, "end": 977.31, "word": " more", "probability": 1.0 }, { "start": 977.31, "end": 977.67, "word": " time", "probability": 1.0 } ] }, { "start": 977.67, "end": 980.09, "text": "before we kind of run into a little bit of a reckoning about them.", "speaker_id": "Speaker 1", "words": [ { "start": 977.67, "end": 977.95, "word": " before", "probability": 1.0 }, { "start": 977.95, "end": 978.15, "word": " we", "probability": 1.0 }, { "start": 978.15, "end": 978.29, "word": " kind", "probability": 0.76806640625 }, { "start": 978.29, "end": 978.43, "word": " of", "probability": 1.0 }, { "start": 978.43, "end": 978.59, "word": " run", "probability": 1.0 }, { "start": 978.59, "end": 978.79, "word": " into", "probability": 1.0 }, { "start": 978.79, "end": 978.97, "word": " a", "probability": 1.0 }, { "start": 978.97, "end": 979.05, "word": " little", "probability": 1.0 }, { "start": 979.05, "end": 979.17, "word": " bit", "probability": 1.0 }, { "start": 979.17, "end": 979.27, "word": " of", "probability": 1.0 }, { "start": 979.27, "end": 979.35, "word": " a", "probability": 0.9931640625 }, { "start": 979.35, "end": 979.65, "word": " reckoning", "probability": 0.999755859375 }, { "start": 979.65, "end": 979.89, "word": " about", "probability": 1.0 }, { "start": 979.89, "end": 980.09, "word": " them.", "probability": 1.0 } ] }, { "start": 980.65, "end": 985.31, "text": "Everything we do on this channel has one goal, to make you a sharper, better -informed", "speaker_id": "Speaker 2", "words": [ { "start": 980.65, "end": 981.09, "word": " Everything", "probability": 0.98046875 }, { "start": 981.09, "end": 981.31, "word": " we", "probability": 1.0 }, { "start": 981.31, "end": 981.49, "word": " do", "probability": 1.0 }, { "start": 981.49, "end": 981.65, "word": " on", "probability": 1.0 }, { "start": 981.65, "end": 981.81, "word": " this", "probability": 1.0 }, { "start": 981.81, "end": 982.13, "word": " channel", "probability": 1.0 }, { "start": 982.13, "end": 982.49, "word": " has", "probability": 1.0 }, { "start": 982.49, "end": 982.85, "word": " one", "probability": 1.0 }, { "start": 982.85, "end": 983.13, "word": " goal,", "probability": 1.0 }, { "start": 983.17, "end": 983.41, "word": " to", "probability": 1.0 }, { "start": 983.41, "end": 983.61, "word": " make", "probability": 1.0 }, { "start": 983.61, "end": 983.85, "word": " you", "probability": 1.0 }, { "start": 983.85, "end": 984.07, "word": " a", "probability": 1.0 }, { "start": 984.07, "end": 984.47, "word": " sharper,", "probability": 1.0 }, { "start": 984.71, "end": 984.89, "word": " better", "probability": 1.0 }, { "start": 984.89, "end": 985.31, "word": "-informed", "probability": 0.9298502604166666 } ] }, { "start": 985.31, "end": 989.89, "text": "investor, someone who understands the macro forces shaping your money before the mainstream", "speaker_id": "Speaker 2", "words": [ { "start": 985.31, "end": 985.87, "word": " investor,", "probability": 1.0 }, { "start": 986.09, "end": 986.39, "word": " someone", "probability": 1.0 }, { "start": 986.39, "end": 986.53, "word": " who", "probability": 1.0 }, { "start": 986.53, "end": 987.05, "word": " understands", "probability": 1.0 }, { "start": 987.05, "end": 987.27, "word": " the", "probability": 1.0 }, { "start": 987.27, "end": 987.55, "word": " macro", "probability": 0.9990234375 }, { "start": 987.55, "end": 987.97, "word": " forces", "probability": 0.99267578125 }, { "start": 987.97, "end": 988.37, "word": " shaping", "probability": 1.0 }, { "start": 988.37, "end": 988.61, "word": " your", "probability": 1.0 }, { "start": 988.61, "end": 988.85, "word": " money", "probability": 1.0 }, { "start": 988.85, "end": 989.31, "word": " before", "probability": 1.0 }, { "start": 989.31, "end": 989.47, "word": " the", "probability": 1.0 }, { "start": 989.47, "end": 989.89, "word": " mainstream", "probability": 1.0 } ] }, { "start": 989.89, "end": 995.13, "text": "catches on. But information is only half of it. The other half is acting on it, and that's", "speaker_id": "Speaker 2", "words": [ { "start": 989.89, "end": 990.29, "word": " catches", "probability": 1.0 }, { "start": 990.29, "end": 990.67, "word": " on.", "probability": 1.0 }, { "start": 990.79, "end": 991.23, "word": " But", "probability": 1.0 }, { "start": 991.23, "end": 991.69, "word": " information", "probability": 1.0 }, { "start": 991.69, "end": 991.99, "word": " is", "probability": 1.0 }, { "start": 991.99, "end": 992.21, "word": " only", "probability": 1.0 }, { "start": 992.21, "end": 992.47, "word": " half", "probability": 1.0 }, { "start": 992.47, "end": 992.63, "word": " of", "probability": 1.0 }, { "start": 992.63, "end": 992.79, "word": " it.", "probability": 1.0 }, { "start": 992.89, "end": 993.11, "word": " The", "probability": 1.0 }, { "start": 993.11, "end": 993.27, "word": " other", "probability": 1.0 }, { "start": 993.27, "end": 993.55, "word": " half", "probability": 1.0 }, { "start": 993.55, "end": 993.75, "word": " is", "probability": 1.0 }, { "start": 993.75, "end": 994.05, "word": " acting", "probability": 1.0 }, { "start": 994.05, "end": 994.29, "word": " on", "probability": 1.0 }, { "start": 994.29, "end": 994.43, "word": " it,", "probability": 1.0 }, { "start": 994.51, "end": 994.83, "word": " and", "probability": 1.0 }, { "start": 994.83, "end": 995.13, "word": " that's", "probability": 1.0 } ] }, { "start": 995.13, "end": 999.63, "text": "what Wealthion Membership is for. It's how you go from watching these conversations to", "speaker_id": "Speaker 2", "words": [ { "start": 995.13, "end": 995.27, "word": " what", "probability": 1.0 }, { "start": 995.27, "end": 995.67, "word": " Wealthion", "probability": 0.81982421875 }, { "start": 995.67, "end": 996.25, "word": " Membership", "probability": 0.92626953125 }, { "start": 996.25, "end": 996.41, "word": " is", "probability": 1.0 }, { "start": 996.41, "end": 996.71, "word": " for.", "probability": 1.0 }, { "start": 996.71, "end": 997.37, "word": " It's", "probability": 0.9921875 }, { "start": 997.37, "end": 997.49, "word": " how", "probability": 1.0 }, { "start": 997.49, "end": 997.63, "word": " you", "probability": 1.0 }, { "start": 997.63, "end": 997.81, "word": " go", "probability": 1.0 }, { "start": 997.81, "end": 998.05, "word": " from", "probability": 1.0 }, { "start": 998.05, "end": 998.47, "word": " watching", "probability": 1.0 }, { "start": 998.47, "end": 998.69, "word": " these", "probability": 1.0 }, { "start": 998.69, "end": 999.27, "word": " conversations", "probability": 1.0 }, { "start": 999.27, "end": 999.63, "word": " to", "probability": 0.9990234375 } ] }, { "start": 999.63, "end": 1004.15, "text": "putting them to work in your own portfolio. Membership opens three doors, access to", "speaker_id": "Speaker 2", "words": [ { "start": 999.63, "end": 999.85, "word": " putting", "probability": 1.0 }, { "start": 999.85, "end": 999.99, "word": " them", "probability": 1.0 }, { "start": 999.99, "end": 1000.13, "word": " to", "probability": 1.0 }, { "start": 1000.13, "end": 1000.41, "word": " work", "probability": 1.0 }, { "start": 1000.41, "end": 1000.57, "word": " in", "probability": 1.0 }, { "start": 1000.57, "end": 1000.73, "word": " your", "probability": 1.0 }, { "start": 1000.73, "end": 1000.87, "word": " own", "probability": 1.0 }, { "start": 1000.87, "end": 1001.43, "word": " portfolio.", "probability": 1.0 }, { "start": 1002.07, "end": 1002.51, "word": " Membership", "probability": 0.998291015625 }, { "start": 1002.51, "end": 1002.83, "word": " opens", "probability": 1.0 }, { "start": 1002.83, "end": 1003.07, "word": " three", "probability": 0.99951171875 }, { "start": 1003.07, "end": 1003.41, "word": " doors,", "probability": 1.0 }, { "start": 1003.63, "end": 1003.93, "word": " access", "probability": 1.0 }, { "start": 1003.93, "end": 1004.15, "word": " to", "probability": 1.0 } ] }, { "start": 1004.15, "end": 1009.11, "text": "advisors, helping build real assets into your portfolio, and for accredited investors,", "speaker_id": "Speaker 2", "words": [ { "start": 1004.15, "end": 1004.57, "word": " advisors,", "probability": 0.9990234375 }, { "start": 1004.89, "end": 1005.27, "word": " helping", "probability": 1.0 }, { "start": 1005.27, "end": 1005.69, "word": " build", "probability": 1.0 }, { "start": 1005.69, "end": 1005.95, "word": " real", "probability": 1.0 }, { "start": 1005.95, "end": 1006.31, "word": " assets", "probability": 1.0 }, { "start": 1006.31, "end": 1006.61, "word": " into", "probability": 1.0 }, { "start": 1006.61, "end": 1006.77, "word": " your", "probability": 1.0 }, { "start": 1006.77, "end": 1007.35, "word": " portfolio,", "probability": 1.0 }, { "start": 1007.35, "end": 1007.87, "word": " and", "probability": 1.0 }, { "start": 1007.87, "end": 1008.05, "word": " for", "probability": 0.99853515625 }, { "start": 1008.05, "end": 1008.61, "word": " accredited", "probability": 1.0 }, { "start": 1008.61, "end": 1009.11, "word": " investors,", "probability": 1.0 } ] }, { "start": 1009.49, "end": 1013.41, "text": "access to specialized funds. To learn more, the link to become a member is in the", "speaker_id": "Speaker 2", "words": [ { "start": 1009.49, "end": 1009.73, "word": " access", "probability": 1.0 }, { "start": 1009.73, "end": 1009.99, "word": " to", "probability": 1.0 }, { "start": 1009.99, "end": 1010.39, "word": " specialized", "probability": 0.99951171875 }, { "start": 1010.39, "end": 1010.89, "word": " funds.", "probability": 1.0 }, { "start": 1011.15, "end": 1011.43, "word": " To", "probability": 0.99951171875 }, { "start": 1011.43, "end": 1011.65, "word": " learn", "probability": 1.0 }, { "start": 1011.65, "end": 1011.87, "word": " more,", "probability": 1.0 }, { "start": 1011.99, "end": 1012.05, "word": " the", "probability": 1.0 }, { "start": 1012.05, "end": 1012.21, "word": " link", "probability": 1.0 }, { "start": 1012.21, "end": 1012.33, "word": " to", "probability": 1.0 }, { "start": 1012.33, "end": 1012.55, "word": " become", "probability": 0.98193359375 }, { "start": 1012.55, "end": 1012.67, "word": " a", "probability": 1.0 }, { "start": 1012.67, "end": 1012.89, "word": " member", "probability": 0.99951171875 }, { "start": 1012.89, "end": 1013.19, "word": " is", "probability": 1.0 }, { "start": 1013.19, "end": 1013.29, "word": " in", "probability": 0.99951171875 }, { "start": 1013.29, "end": 1013.41, "word": " the", "probability": 1.0 } ] }, { "start": 1013.41, "end": 1014.55, "text": "description box below.", "speaker_id": "Speaker 2", "words": [ { "start": 1013.41, "end": 1013.83, "word": " description", "probability": 1.0 }, { "start": 1013.83, "end": 1014.23, "word": " box", "probability": 0.99951171875 }, { "start": 1014.23, "end": 1014.55, "word": " below.", "probability": 0.99951171875 } ] }, { "start": 1015.87, "end": 1021.95, "text": "So commodities have been the safe way to play the AI trade for a lot of people, or the", "speaker_id": "Speaker 2", "words": [ { "start": 1015.87, "end": 1016.43, "word": " So", "probability": 0.96826171875 }, { "start": 1016.43, "end": 1016.99, "word": " commodities", "probability": 0.96923828125 }, { "start": 1016.99, "end": 1017.27, "word": " have", "probability": 1.0 }, { "start": 1017.27, "end": 1017.55, "word": " been", "probability": 1.0 }, { "start": 1017.55, "end": 1017.97, "word": " the", "probability": 1.0 }, { "start": 1017.97, "end": 1018.33, "word": " safe", "probability": 1.0 }, { "start": 1018.33, "end": 1018.51, "word": " way", "probability": 1.0 }, { "start": 1018.51, "end": 1018.63, "word": " to", "probability": 1.0 }, { "start": 1018.63, "end": 1018.81, "word": " play", "probability": 1.0 }, { "start": 1018.81, "end": 1018.95, "word": " the", "probability": 1.0 }, { "start": 1018.95, "end": 1019.25, "word": " AI", "probability": 0.9775390625 }, { "start": 1019.25, "end": 1019.61, "word": " trade", "probability": 1.0 }, { "start": 1019.61, "end": 1019.77, "word": " for", "probability": 1.0 }, { "start": 1019.77, "end": 1019.89, "word": " a", "probability": 1.0 }, { "start": 1019.89, "end": 1019.95, "word": " lot", "probability": 0.99951171875 }, { "start": 1019.95, "end": 1020.05, "word": " of", "probability": 1.0 }, { "start": 1020.05, "end": 1020.45, "word": " people,", "probability": 1.0 }, { "start": 1021.17, "end": 1021.73, "word": " or", "probability": 0.99462890625 }, { "start": 1021.73, "end": 1021.95, "word": " the", "probability": 1.0 } ] }, { "start": 1021.95, "end": 1028.03, "text": "desired way to play it, given some of the questions. But if AI", "speaker_id": "Speaker 2", "words": [ { "start": 1021.95, "end": 1022.49, "word": " desired", "probability": 0.99951171875 }, { "start": 1022.49, "end": 1022.93, "word": " way", "probability": 1.0 }, { "start": 1022.93, "end": 1023.21, "word": " to", "probability": 1.0 }, { "start": 1023.21, "end": 1023.51, "word": " play", "probability": 1.0 }, { "start": 1023.51, "end": 1023.81, "word": " it,", "probability": 1.0 }, { "start": 1023.91, "end": 1024.35, "word": " given", "probability": 0.9912109375 }, { "start": 1024.35, "end": 1024.59, "word": " some", "probability": 1.0 }, { "start": 1024.59, "end": 1024.67, "word": " of", "probability": 1.0 }, { "start": 1024.67, "end": 1024.75, "word": " the", "probability": 1.0 }, { "start": 1024.75, "end": 1025.81, "word": " questions.", "probability": 0.99755859375 }, { "start": 1026.73, "end": 1027.29, "word": " But", "probability": 0.6953125 }, { "start": 1027.29, "end": 1027.75, "word": " if", "probability": 1.0 }, { "start": 1027.75, "end": 1028.03, "word": " AI", "probability": 0.99365234375 } ] }, { "start": 1028.03, "end": 1033.95, "text": "slows down, does that kill the demand for commodities? How much of that trade is related?", "speaker_id": "Speaker 2", "words": [ { "start": 1028.03, "end": 1029.11, "word": " slows", "probability": 1.0 }, { "start": 1029.11, "end": 1029.67, "word": " down,", "probability": 1.0 }, { "start": 1029.91, "end": 1030.03, "word": " does", "probability": 1.0 }, { "start": 1030.03, "end": 1030.21, "word": " that", "probability": 1.0 }, { "start": 1030.21, "end": 1030.61, "word": " kill", "probability": 1.0 }, { "start": 1030.61, "end": 1031.11, "word": " the", "probability": 1.0 }, { "start": 1031.11, "end": 1031.47, "word": " demand", "probability": 1.0 }, { "start": 1031.47, "end": 1031.71, "word": " for", "probability": 1.0 }, { "start": 1031.71, "end": 1032.23, "word": " commodities?", "probability": 1.0 }, { "start": 1032.51, "end": 1032.63, "word": " How", "probability": 1.0 }, { "start": 1032.63, "end": 1032.93, "word": " much", "probability": 1.0 }, { "start": 1032.93, "end": 1033.07, "word": " of", "probability": 1.0 }, { "start": 1033.07, "end": 1033.25, "word": " that", "probability": 1.0 }, { "start": 1033.25, "end": 1033.49, "word": " trade", "probability": 0.9990234375 }, { "start": 1033.49, "end": 1033.65, "word": " is", "probability": 1.0 }, { "start": 1033.65, "end": 1033.95, "word": " related?", "probability": 1.0 } ] }, { "start": 1034.09, "end": 1039.81, "text": "They seem like they're opposite ends, right? Like the scarce real asset crowd is suspicious", "speaker_id": "Speaker 2", "words": [ { "start": 1034.09, "end": 1034.19, "word": " They", "probability": 1.0 }, { "start": 1034.19, "end": 1034.55, "word": " seem", "probability": 1.0 }, { "start": 1034.55, "end": 1034.77, "word": " like", "probability": 1.0 }, { "start": 1034.77, "end": 1035.11, "word": " they're", "probability": 0.96484375 }, { "start": 1035.11, "end": 1036.19, "word": " opposite", "probability": 1.0 }, { "start": 1036.19, "end": 1036.61, "word": " ends,", "probability": 1.0 }, { "start": 1036.75, "end": 1036.83, "word": " right?", "probability": 0.99365234375 }, { "start": 1036.93, "end": 1037.03, "word": " Like", "probability": 0.95166015625 }, { "start": 1037.03, "end": 1037.21, "word": " the", "probability": 0.97802734375 }, { "start": 1037.21, "end": 1037.61, "word": " scarce", "probability": 0.99951171875 }, { "start": 1037.61, "end": 1037.91, "word": " real", "probability": 0.9990234375 }, { "start": 1037.91, "end": 1038.23, "word": " asset", "probability": 0.9990234375 }, { "start": 1038.23, "end": 1038.71, "word": " crowd", "probability": 1.0 }, { "start": 1038.71, "end": 1039.25, "word": " is", "probability": 1.0 }, { "start": 1039.25, "end": 1039.81, "word": " suspicious", "probability": 1.0 } ] }, { "start": 1039.81, "end": 1045.21, "text": "of the AI trade. And yet, are they connected in a way where that demand is what's fueling", "speaker_id": "Speaker 2", "words": [ { "start": 1039.81, "end": 1040.23, "word": " of", "probability": 1.0 }, { "start": 1040.23, "end": 1040.37, "word": " the", "probability": 1.0 }, { "start": 1040.37, "end": 1040.67, "word": " AI", "probability": 0.99951171875 }, { "start": 1040.67, "end": 1041.21, "word": " trade.", "probability": 1.0 }, { "start": 1041.41, "end": 1041.79, "word": " And", "probability": 0.9990234375 }, { "start": 1041.79, "end": 1041.95, "word": " yet,", "probability": 1.0 }, { "start": 1042.07, "end": 1042.15, "word": " are", "probability": 1.0 }, { "start": 1042.15, "end": 1042.33, "word": " they", "probability": 1.0 }, { "start": 1042.33, "end": 1042.79, "word": " connected", "probability": 1.0 }, { "start": 1042.79, "end": 1042.99, "word": " in", "probability": 1.0 }, { "start": 1042.99, "end": 1043.09, "word": " a", "probability": 1.0 }, { "start": 1043.09, "end": 1043.25, "word": " way", "probability": 1.0 }, { "start": 1043.25, "end": 1043.59, "word": " where", "probability": 1.0 }, { "start": 1043.59, "end": 1044.03, "word": " that", "probability": 1.0 }, { "start": 1044.03, "end": 1044.39, "word": " demand", "probability": 1.0 }, { "start": 1044.39, "end": 1044.65, "word": " is", "probability": 1.0 }, { "start": 1044.65, "end": 1044.85, "word": " what's", "probability": 1.0 }, { "start": 1044.85, "end": 1045.21, "word": " fueling", "probability": 0.998779296875 } ] }, { "start": 1045.21, "end": 1045.69, "text": "commodities?", "speaker_id": "Speaker 2", "words": [ { "start": 1045.21, "end": 1045.69, "word": " commodities?", "probability": 1.0 } ] }, { "start": 1046.13, "end": 1051.43, "text": "I mean, I think the feeling part of commodities, I mean, like on the margins, they matter.", "speaker_id": "Speaker 1", "words": [ { "start": 1046.13, "end": 1046.43, "word": " I", "probability": 0.98828125 }, { "start": 1046.43, "end": 1046.53, "word": " mean,", "probability": 0.98291015625 }, { "start": 1046.63, "end": 1046.63, "word": " I", "probability": 0.76416015625 }, { "start": 1046.63, "end": 1046.91, "word": " think", "probability": 0.96337890625 }, { "start": 1046.91, "end": 1047.05, "word": " the", "probability": 0.541015625 }, { "start": 1047.05, "end": 1047.29, "word": " feeling", "probability": 0.71923828125 }, { "start": 1047.29, "end": 1047.63, "word": " part", "probability": 0.99853515625 }, { "start": 1047.63, "end": 1047.71, "word": " of", "probability": 1.0 }, { "start": 1047.71, "end": 1048.11, "word": " commodities,", "probability": 1.0 }, { "start": 1048.25, "end": 1048.25, "word": " I", "probability": 0.98046875 }, { "start": 1048.25, "end": 1048.37, "word": " mean,", "probability": 1.0 }, { "start": 1048.65, "end": 1049.11, "word": " like", "probability": 0.8173828125 }, { "start": 1049.11, "end": 1049.57, "word": " on", "probability": 0.7021484375 }, { "start": 1049.57, "end": 1050.01, "word": " the", "probability": 0.99853515625 }, { "start": 1050.01, "end": 1050.83, "word": " margins,", "probability": 0.78369140625 }, { "start": 1050.89, "end": 1051.07, "word": " they", "probability": 1.0 }, { "start": 1051.07, "end": 1051.43, "word": " matter.", "probability": 1.0 } ] }, { "start": 1051.65, "end": 1055.99, "text": "In terms of just global commodity consumption, AI is still a very small share.", "speaker_id": "Speaker 1", "words": [ { "start": 1051.65, "end": 1051.91, "word": " In", "probability": 0.99951171875 }, { "start": 1051.91, "end": 1052.11, "word": " terms", "probability": 1.0 }, { "start": 1052.11, "end": 1052.27, "word": " of", "probability": 1.0 }, { "start": 1052.27, "end": 1052.47, "word": " just", "probability": 0.9873046875 }, { "start": 1052.47, "end": 1052.93, "word": " global", "probability": 1.0 }, { "start": 1052.93, "end": 1053.33, "word": " commodity", "probability": 1.0 }, { "start": 1053.33, "end": 1053.83, "word": " consumption,", "probability": 1.0 }, { "start": 1054.17, "end": 1054.51, "word": " AI", "probability": 1.0 }, { "start": 1054.51, "end": 1054.83, "word": " is", "probability": 0.99951171875 }, { "start": 1054.83, "end": 1054.95, "word": " still", "probability": 1.0 }, { "start": 1054.95, "end": 1055.07, "word": " a", "probability": 0.99755859375 }, { "start": 1055.07, "end": 1055.21, "word": " very", "probability": 1.0 }, { "start": 1055.21, "end": 1055.55, "word": " small", "probability": 1.0 }, { "start": 1055.55, "end": 1055.99, "word": " share.", "probability": 1.0 } ] }, { "start": 1057.83, "end": 1062.51, "text": "of course, certain commodities can be more in demand than others in a given area. What", "speaker_id": "Speaker 1", "words": [ { "start": 1057.83, "end": 1058.39, "word": " of", "probability": 0.416259765625 }, { "start": 1058.39, "end": 1058.57, "word": " course,", "probability": 1.0 }, { "start": 1058.71, "end": 1058.91, "word": " certain", "probability": 0.99951171875 }, { "start": 1058.91, "end": 1059.31, "word": " commodities", "probability": 0.99951171875 }, { "start": 1059.31, "end": 1059.49, "word": " can", "probability": 0.99951171875 }, { "start": 1059.49, "end": 1059.61, "word": " be", "probability": 0.99951171875 }, { "start": 1059.61, "end": 1059.91, "word": " more", "probability": 1.0 }, { "start": 1059.91, "end": 1060.23, "word": " in", "probability": 0.99853515625 }, { "start": 1060.23, "end": 1060.47, "word": " demand", "probability": 0.87890625 }, { "start": 1060.47, "end": 1060.63, "word": " than", "probability": 0.9990234375 }, { "start": 1060.63, "end": 1060.89, "word": " others", "probability": 0.9990234375 }, { "start": 1060.89, "end": 1061.15, "word": " in", "probability": 0.99609375 }, { "start": 1061.15, "end": 1061.47, "word": " a", "probability": 0.9873046875 }, { "start": 1061.47, "end": 1061.67, "word": " given", "probability": 0.9873046875 }, { "start": 1061.67, "end": 1062.01, "word": " area.", "probability": 0.99951171875 }, { "start": 1062.25, "end": 1062.51, "word": " What", "probability": 0.9990234375 } ] }, { "start": 1062.51, "end": 1067.13, "text": "makes this different than say the 2010s internet companies is they were very low on", "speaker_id": "Speaker 1", "words": [ { "start": 1062.51, "end": 1062.71, "word": " makes", "probability": 1.0 }, { "start": 1062.71, "end": 1062.87, "word": " this", "probability": 0.99755859375 }, { "start": 1062.87, "end": 1063.21, "word": " different", "probability": 0.9990234375 }, { "start": 1063.21, "end": 1063.53, "word": " than", "probability": 0.99462890625 }, { "start": 1063.53, "end": 1063.79, "word": " say", "probability": 0.548828125 }, { "start": 1063.79, "end": 1063.93, "word": " the", "probability": 0.8955078125 }, { "start": 1063.93, "end": 1064.73, "word": " 2010s", "probability": 0.92822265625 }, { "start": 1064.73, "end": 1064.97, "word": " internet", "probability": 0.83251953125 }, { "start": 1064.97, "end": 1065.43, "word": " companies", "probability": 0.9990234375 }, { "start": 1065.43, "end": 1065.75, "word": " is", "probability": 0.9345703125 }, { "start": 1065.75, "end": 1065.93, "word": " they", "probability": 0.98828125 }, { "start": 1065.93, "end": 1066.41, "word": " were", "probability": 0.99853515625 }, { "start": 1066.41, "end": 1066.59, "word": " very", "probability": 0.95703125 }, { "start": 1066.59, "end": 1066.93, "word": " low", "probability": 0.99951171875 }, { "start": 1066.93, "end": 1067.13, "word": " on", "probability": 0.99462890625 } ] }, { "start": 1067.13, "end": 1072.77, "text": "hardware. They had to have data centers, but social media and search engines are not that", "speaker_id": "Speaker 1", "words": [ { "start": 1067.13, "end": 1067.55, "word": " hardware.", "probability": 0.99951171875 }, { "start": 1068.07, "end": 1068.61, "word": " They", "probability": 0.775390625 }, { "start": 1068.61, "end": 1068.79, "word": " had", "probability": 0.99951171875 }, { "start": 1068.79, "end": 1068.87, "word": " to", "probability": 0.998046875 }, { "start": 1068.87, "end": 1068.97, "word": " have", "probability": 0.99951171875 }, { "start": 1068.97, "end": 1069.21, "word": " data", "probability": 0.99658203125 }, { "start": 1069.21, "end": 1069.61, "word": " centers,", "probability": 0.99853515625 }, { "start": 1069.79, "end": 1069.97, "word": " but", "probability": 0.99755859375 }, { "start": 1069.97, "end": 1070.95, "word": " social", "probability": 0.9716796875 }, { "start": 1070.95, "end": 1071.27, "word": " media", "probability": 1.0 }, { "start": 1071.27, "end": 1071.55, "word": " and", "probability": 0.998046875 }, { "start": 1071.55, "end": 1071.79, "word": " search", "probability": 0.99951171875 }, { "start": 1071.79, "end": 1072.09, "word": " engines", "probability": 1.0 }, { "start": 1072.09, "end": 1072.25, "word": " are", "probability": 0.9990234375 }, { "start": 1072.25, "end": 1072.45, "word": " not", "probability": 0.99951171875 }, { "start": 1072.45, "end": 1072.77, "word": " that", "probability": 0.99951171875 } ] }, { "start": 1072.77, "end": 1074.25, "text": "computationally intensive.", "speaker_id": "Speaker 1", "words": [ { "start": 1072.77, "end": 1073.89, "word": " computationally", "probability": 0.9921875 }, { "start": 1073.89, "end": 1074.25, "word": " intensive.", "probability": 0.99755859375 } ] }, { "start": 1075.55, "end": 1081.23, "text": "And it's more about basically putting everything into mobile, into the cloud, pretty low", "speaker_id": "Speaker 1", "words": [ { "start": 1075.55, "end": 1076.11, "word": " And", "probability": 0.82080078125 }, { "start": 1076.11, "end": 1076.27, "word": " it's", "probability": 0.999755859375 }, { "start": 1076.27, "end": 1076.41, "word": " more", "probability": 0.99951171875 }, { "start": 1076.41, "end": 1076.69, "word": " about", "probability": 0.9892578125 }, { "start": 1076.69, "end": 1077.11, "word": " basically", "probability": 0.94580078125 }, { "start": 1077.11, "end": 1077.73, "word": " putting", "probability": 0.98681640625 }, { "start": 1077.73, "end": 1077.97, "word": " everything", "probability": 0.9990234375 }, { "start": 1077.97, "end": 1078.11, "word": " into", "probability": 0.86865234375 }, { "start": 1078.11, "end": 1078.55, "word": " mobile,", "probability": 0.99755859375 }, { "start": 1078.87, "end": 1079.05, "word": " into", "probability": 0.91162109375 }, { "start": 1079.05, "end": 1079.21, "word": " the", "probability": 0.99951171875 }, { "start": 1079.21, "end": 1079.63, "word": " cloud,", "probability": 0.99462890625 }, { "start": 1080.07, "end": 1080.85, "word": " pretty", "probability": 0.99951171875 }, { "start": 1080.85, "end": 1081.23, "word": " low", "probability": 0.98779296875 } ] }, { "start": 1081.23, "end": 1087.33, "text": "physical costs. uh whereas now there are a lot there are a lot more physical costs um this", "speaker_id": "Speaker 1", "words": [ { "start": 1081.23, "end": 1081.61, "word": " physical", "probability": 0.99951171875 }, { "start": 1081.61, "end": 1082.27, "word": " costs.", "probability": 0.9970703125 }, { "start": 1082.27, "end": 1082.73, "word": " uh", "probability": 0.0390625 }, { "start": 1082.73, "end": 1083.09, "word": " whereas", "probability": 0.58837890625 }, { "start": 1083.09, "end": 1083.41, "word": " now", "probability": 0.99951171875 }, { "start": 1083.41, "end": 1083.71, "word": " there", "probability": 0.9990234375 }, { "start": 1083.71, "end": 1083.91, "word": " are", "probability": 0.99951171875 }, { "start": 1083.91, "end": 1084.05, "word": " a", "probability": 0.99951171875 }, { "start": 1084.05, "end": 1084.21, "word": " lot", "probability": 0.99951171875 }, { "start": 1084.21, "end": 1084.65, "word": " there", "probability": 0.97216796875 }, { "start": 1084.65, "end": 1085.03, "word": " are", "probability": 0.99951171875 }, { "start": 1085.03, "end": 1085.17, "word": " a", "probability": 1.0 }, { "start": 1085.17, "end": 1085.25, "word": " lot", "probability": 1.0 }, { "start": 1085.25, "end": 1085.43, "word": " more", "probability": 1.0 }, { "start": 1085.43, "end": 1085.77, "word": " physical", "probability": 0.99951171875 }, { "start": 1085.77, "end": 1086.41, "word": " costs", "probability": 0.99951171875 }, { "start": 1086.41, "end": 1086.75, "word": " um", "probability": 0.916015625 }, { "start": 1086.75, "end": 1087.33, "word": " this", "probability": 0.9990234375 } ] }, { "start": 1087.33, "end": 1093.75, "text": "type of computation is just inherently different um you know and so i do think that the the", "speaker_id": "Speaker 1", "words": [ { "start": 1087.33, "end": 1087.49, "word": " type", "probability": 1.0 }, { "start": 1087.49, "end": 1087.61, "word": " of", "probability": 0.998046875 }, { "start": 1087.61, "end": 1088.07, "word": " computation", "probability": 0.9345703125 }, { "start": 1088.07, "end": 1088.31, "word": " is", "probability": 0.9921875 }, { "start": 1088.31, "end": 1088.45, "word": " just", "probability": 0.99560546875 }, { "start": 1088.45, "end": 1088.81, "word": " inherently", "probability": 0.99755859375 }, { "start": 1088.81, "end": 1089.23, "word": " different", "probability": 0.9990234375 }, { "start": 1089.23, "end": 1090.03, "word": " um", "probability": 0.9892578125 }, { "start": 1090.03, "end": 1090.57, "word": " you", "probability": 0.9990234375 }, { "start": 1090.57, "end": 1090.69, "word": " know", "probability": 0.99951171875 }, { "start": 1090.69, "end": 1091.29, "word": " and", "probability": 0.99951171875 }, { "start": 1091.29, "end": 1091.75, "word": " so", "probability": 0.86669921875 }, { "start": 1091.75, "end": 1092.87, "word": " i", "probability": 0.7822265625 }, { "start": 1092.87, "end": 1092.99, "word": " do", "probability": 1.0 }, { "start": 1092.99, "end": 1093.13, "word": " think", "probability": 1.0 }, { "start": 1093.13, "end": 1093.29, "word": " that", "probability": 0.99951171875 }, { "start": 1093.29, "end": 1093.53, "word": " the", "probability": 0.98388671875 }, { "start": 1093.53, "end": 1093.75, "word": " the", "probability": 0.9814453125 } ] }, { "start": 1093.75, "end": 1099.83, "text": "whole kind of structural just the need for compute does around the margins may mean we need", "speaker_id": "Speaker 1", "words": [ { "start": 1093.75, "end": 1094.27, "word": " whole", "probability": 0.99462890625 }, { "start": 1094.27, "end": 1094.53, "word": " kind", "probability": 1.0 }, { "start": 1094.53, "end": 1094.71, "word": " of", "probability": 1.0 }, { "start": 1094.71, "end": 1095.55, "word": " structural", "probability": 0.99951171875 }, { "start": 1095.55, "end": 1095.97, "word": " just", "probability": 0.986328125 }, { "start": 1095.97, "end": 1096.17, "word": " the", "probability": 0.9990234375 }, { "start": 1096.17, "end": 1096.49, "word": " need", "probability": 1.0 }, { "start": 1096.49, "end": 1096.67, "word": " for", "probability": 0.99951171875 }, { "start": 1096.67, "end": 1097.15, "word": " compute", "probability": 0.99853515625 }, { "start": 1097.15, "end": 1097.97, "word": " does", "probability": 0.99560546875 }, { "start": 1097.97, "end": 1098.17, "word": " around", "probability": 0.7412109375 }, { "start": 1098.17, "end": 1098.29, "word": " the", "probability": 1.0 }, { "start": 1098.29, "end": 1098.73, "word": " margins", "probability": 0.99951171875 }, { "start": 1098.73, "end": 1099.21, "word": " may", "probability": 0.568359375 }, { "start": 1099.21, "end": 1099.55, "word": " mean", "probability": 0.99951171875 }, { "start": 1099.55, "end": 1099.69, "word": " we", "probability": 0.99951171875 }, { "start": 1099.69, "end": 1099.83, "word": " need", "probability": 1.0 } ] }, { "start": 1099.83, "end": 1105.07, "text": "more power we need more um just compute materials and things like that so that's a real", "speaker_id": "Speaker 1", "words": [ { "start": 1099.83, "end": 1100.03, "word": " more", "probability": 1.0 }, { "start": 1100.03, "end": 1100.49, "word": " power", "probability": 1.0 }, { "start": 1100.49, "end": 1101.05, "word": " we", "probability": 0.99951171875 }, { "start": 1101.05, "end": 1101.23, "word": " need", "probability": 1.0 }, { "start": 1101.23, "end": 1101.61, "word": " more", "probability": 1.0 }, { "start": 1101.61, "end": 1101.93, "word": " um", "probability": 0.93212890625 }, { "start": 1101.93, "end": 1102.31, "word": " just", "probability": 1.0 }, { "start": 1102.31, "end": 1102.75, "word": " compute", "probability": 0.99072265625 }, { "start": 1102.75, "end": 1103.39, "word": " materials", "probability": 1.0 }, { "start": 1103.39, "end": 1103.59, "word": " and", "probability": 1.0 }, { "start": 1103.59, "end": 1103.73, "word": " things", "probability": 0.9970703125 }, { "start": 1103.73, "end": 1103.89, "word": " like", "probability": 0.99951171875 }, { "start": 1103.89, "end": 1104.17, "word": " that", "probability": 0.9990234375 }, { "start": 1104.17, "end": 1104.55, "word": " so", "probability": 0.99951171875 }, { "start": 1104.55, "end": 1104.77, "word": " that's", "probability": 1.0 }, { "start": 1104.77, "end": 1104.89, "word": " a", "probability": 0.99951171875 }, { "start": 1104.89, "end": 1105.07, "word": " real", "probability": 0.9990234375 } ] }, { "start": 1105.07, "end": 1111.01, "text": "trade um but like total energy use is still primarily going obviously to not ai uh total", "speaker_id": "Speaker 1", "words": [ { "start": 1105.07, "end": 1105.51, "word": " trade", "probability": 0.99951171875 }, { "start": 1105.51, "end": 1106.17, "word": " um", "probability": 0.9716796875 }, { "start": 1106.17, "end": 1106.73, "word": " but", "probability": 0.99951171875 }, { "start": 1106.73, "end": 1106.87, "word": " like", "probability": 0.99951171875 }, { "start": 1106.87, "end": 1107.19, "word": " total", "probability": 1.0 }, { "start": 1107.19, "end": 1107.53, "word": " energy", "probability": 1.0 }, { "start": 1107.53, "end": 1107.91, "word": " use", "probability": 0.9990234375 }, { "start": 1107.91, "end": 1108.15, "word": " is", "probability": 0.99853515625 }, { "start": 1108.15, "end": 1108.29, "word": " still", "probability": 0.99951171875 }, { "start": 1108.29, "end": 1108.59, "word": " primarily", "probability": 0.95166015625 }, { "start": 1108.59, "end": 1108.85, "word": " going", "probability": 1.0 }, { "start": 1108.85, "end": 1109.13, "word": " obviously", "probability": 0.83203125 }, { "start": 1109.13, "end": 1109.27, "word": " to", "probability": 0.99609375 }, { "start": 1109.27, "end": 1109.45, "word": " not", "probability": 0.75390625 }, { "start": 1109.45, "end": 1109.77, "word": " ai", "probability": 0.13623046875 }, { "start": 1109.77, "end": 1110.49, "word": " uh", "probability": 0.86865234375 }, { "start": 1110.49, "end": 1111.01, "word": " total", "probability": 1.0 } ] }, { "start": 1111.01, "end": 1114.91, "text": "commodity use like copper and things like that i mean it just in various types of", "speaker_id": "Speaker 1", "words": [ { "start": 1111.01, "end": 1111.55, "word": " commodity", "probability": 0.99951171875 }, { "start": 1111.55, "end": 1111.81, "word": " use", "probability": 0.9990234375 }, { "start": 1111.81, "end": 1112.01, "word": " like", "probability": 1.0 }, { "start": 1112.01, "end": 1112.41, "word": " copper", "probability": 1.0 }, { "start": 1112.41, "end": 1112.57, "word": " and", "probability": 1.0 }, { "start": 1112.57, "end": 1112.75, "word": " things", "probability": 1.0 }, { "start": 1112.75, "end": 1112.89, "word": " like", "probability": 1.0 }, { "start": 1112.89, "end": 1113.17, "word": " that", "probability": 0.9990234375 }, { "start": 1113.17, "end": 1113.31, "word": " i", "probability": 0.99365234375 }, { "start": 1113.31, "end": 1113.45, "word": " mean", "probability": 0.99853515625 }, { "start": 1113.45, "end": 1113.61, "word": " it", "probability": 0.8046875 }, { "start": 1113.61, "end": 1113.81, "word": " just", "probability": 0.9990234375 }, { "start": 1113.81, "end": 1114.35, "word": " in", "probability": 1.0 }, { "start": 1114.35, "end": 1114.61, "word": " various", "probability": 0.974609375 }, { "start": 1114.61, "end": 1114.81, "word": " types", "probability": 0.90087890625 }, { "start": 1114.81, "end": 1114.91, "word": " of", "probability": 0.99951171875 } ] }, { "start": 1114.91, "end": 1119.17, "text": "construction is still a massive deal elsewhere that's one thing i would consider i mean", "speaker_id": "Speaker 1", "words": [ { "start": 1114.91, "end": 1115.33, "word": " construction", "probability": 0.99755859375 }, { "start": 1115.33, "end": 1115.83, "word": " is", "probability": 0.69921875 }, { "start": 1115.83, "end": 1116.11, "word": " still", "probability": 1.0 }, { "start": 1116.11, "end": 1116.47, "word": " a", "probability": 1.0 }, { "start": 1116.47, "end": 1116.79, "word": " massive", "probability": 1.0 }, { "start": 1116.79, "end": 1117.01, "word": " deal", "probability": 1.0 }, { "start": 1117.01, "end": 1117.45, "word": " elsewhere", "probability": 0.99951171875 }, { "start": 1117.45, "end": 1118.09, "word": " that's", "probability": 0.906005859375 }, { "start": 1118.09, "end": 1118.29, "word": " one", "probability": 1.0 }, { "start": 1118.29, "end": 1118.45, "word": " thing", "probability": 1.0 }, { "start": 1118.45, "end": 1118.55, "word": " i", "probability": 1.0 }, { "start": 1118.55, "end": 1118.65, "word": " would", "probability": 0.998046875 }, { "start": 1118.65, "end": 1118.95, "word": " consider", "probability": 0.99853515625 }, { "start": 1118.95, "end": 1119.11, "word": " i", "probability": 0.99951171875 }, { "start": 1119.11, "end": 1119.17, "word": " mean", "probability": 0.99755859375 } ] }, { "start": 1119.17, "end": 1123.71, "text": "it's also just the the increased kind of militarization of the world you know europe", "speaker_id": "Speaker 1", "words": [ { "start": 1119.17, "end": 1119.31, "word": " it's", "probability": 0.999755859375 }, { "start": 1119.31, "end": 1119.55, "word": " also", "probability": 0.9990234375 }, { "start": 1119.55, "end": 1119.81, "word": " just", "probability": 0.9990234375 }, { "start": 1119.81, "end": 1120.03, "word": " the", "probability": 1.0 }, { "start": 1120.03, "end": 1120.35, "word": " the", "probability": 0.9892578125 }, { "start": 1120.35, "end": 1121.31, "word": " increased", "probability": 0.9990234375 }, { "start": 1121.31, "end": 1121.49, "word": " kind", "probability": 1.0 }, { "start": 1121.49, "end": 1121.59, "word": " of", "probability": 1.0 }, { "start": 1121.59, "end": 1122.23, "word": " militarization", "probability": 0.997314453125 }, { "start": 1122.23, "end": 1122.55, "word": " of", "probability": 1.0 }, { "start": 1122.55, "end": 1122.65, "word": " the", "probability": 0.9990234375 }, { "start": 1122.65, "end": 1122.89, "word": " world", "probability": 0.99853515625 }, { "start": 1122.89, "end": 1123.35, "word": " you", "probability": 1.0 }, { "start": 1123.35, "end": 1123.43, "word": " know", "probability": 0.99951171875 }, { "start": 1123.43, "end": 1123.71, "word": " europe", "probability": 0.99609375 } ] }, { "start": 1123.71, "end": 1130.19, "text": "spending more on defense uh the u .s uh treasury uh defense secretary asking for a 1 .5", "speaker_id": "Speaker 1", "words": [ { "start": 1123.71, "end": 1124.07, "word": " spending", "probability": 0.98681640625 }, { "start": 1124.07, "end": 1124.29, "word": " more", "probability": 1.0 }, { "start": 1124.29, "end": 1124.45, "word": " on", "probability": 1.0 }, { "start": 1124.45, "end": 1124.91, "word": " defense", "probability": 0.99609375 }, { "start": 1124.91, "end": 1125.53, "word": " uh", "probability": 0.99365234375 }, { "start": 1125.53, "end": 1125.85, "word": " the", "probability": 1.0 }, { "start": 1125.85, "end": 1126.01, "word": " u", "probability": 0.9296875 }, { "start": 1126.01, "end": 1126.31, "word": ".s", "probability": 0.99951171875 }, { "start": 1126.31, "end": 1126.59, "word": " uh", "probability": 0.99365234375 }, { "start": 1126.59, "end": 1126.91, "word": " treasury", "probability": 0.5654296875 }, { "start": 1126.91, "end": 1127.25, "word": " uh", "probability": 0.8828125 }, { "start": 1127.25, "end": 1128.01, "word": " defense", "probability": 0.9375 }, { "start": 1128.01, "end": 1128.45, "word": " secretary", "probability": 0.99951171875 }, { "start": 1128.45, "end": 1128.89, "word": " asking", "probability": 1.0 }, { "start": 1128.89, "end": 1129.23, "word": " for", "probability": 1.0 }, { "start": 1129.23, "end": 1129.49, "word": " a", "probability": 1.0 }, { "start": 1129.49, "end": 1129.73, "word": " 1", "probability": 0.99609375 }, { "start": 1129.73, "end": 1130.19, "word": ".5", "probability": 1.0 } ] }, { "start": 1130.19, "end": 1134.99, "text": "trillion dollar defense budget in the u .s uh these things all have commodity implications", "speaker_id": "Speaker 1", "words": [ { "start": 1130.19, "end": 1130.51, "word": " trillion", "probability": 1.0 }, { "start": 1130.51, "end": 1130.75, "word": " dollar", "probability": 0.98876953125 }, { "start": 1130.75, "end": 1131.11, "word": " defense", "probability": 1.0 }, { "start": 1131.11, "end": 1131.51, "word": " budget", "probability": 0.994140625 }, { "start": 1131.51, "end": 1132.07, "word": " in", "probability": 1.0 }, { "start": 1132.07, "end": 1132.15, "word": " the", "probability": 1.0 }, { "start": 1132.15, "end": 1132.29, "word": " u", "probability": 0.931640625 }, { "start": 1132.29, "end": 1132.55, "word": ".s", "probability": 1.0 }, { "start": 1132.55, "end": 1133.03, "word": " uh", "probability": 0.97412109375 }, { "start": 1133.03, "end": 1133.49, "word": " these", "probability": 1.0 }, { "start": 1133.49, "end": 1133.71, "word": " things", "probability": 1.0 }, { "start": 1133.71, "end": 1133.89, "word": " all", "probability": 1.0 }, { "start": 1133.89, "end": 1134.09, "word": " have", "probability": 1.0 }, { "start": 1134.09, "end": 1134.47, "word": " commodity", "probability": 0.9990234375 }, { "start": 1134.47, "end": 1134.99, "word": " implications", "probability": 0.99951171875 } ] }, { "start": 1134.99, "end": 1139.83, "text": "as well i mean if you're if you're building more missiles i mean sadly that is a source of", "speaker_id": "Speaker 1", "words": [ { "start": 1134.99, "end": 1135.31, "word": " as", "probability": 1.0 }, { "start": 1135.31, "end": 1135.51, "word": " well", "probability": 0.88720703125 }, { "start": 1135.51, "end": 1135.73, "word": " i", "probability": 0.390869140625 }, { "start": 1135.73, "end": 1135.81, "word": " mean", "probability": 1.0 }, { "start": 1135.81, "end": 1135.93, "word": " if", "probability": 1.0 }, { "start": 1135.93, "end": 1136.05, "word": " you're", "probability": 1.0 }, { "start": 1136.05, "end": 1136.17, "word": " if", "probability": 0.97265625 }, { "start": 1136.17, "end": 1136.33, "word": " you're", "probability": 1.0 }, { "start": 1136.33, "end": 1136.89, "word": " building", "probability": 1.0 }, { "start": 1136.89, "end": 1137.09, "word": " more", "probability": 1.0 }, { "start": 1137.09, "end": 1137.49, "word": " missiles", "probability": 1.0 }, { "start": 1137.49, "end": 1138.71, "word": " i", "probability": 1.0 }, { "start": 1138.71, "end": 1138.81, "word": " mean", "probability": 1.0 }, { "start": 1138.81, "end": 1139.11, "word": " sadly", "probability": 1.0 }, { "start": 1139.11, "end": 1139.29, "word": " that", "probability": 1.0 }, { "start": 1139.29, "end": 1139.41, "word": " is", "probability": 0.99951171875 }, { "start": 1139.41, "end": 1139.49, "word": " a", "probability": 1.0 }, { "start": 1139.49, "end": 1139.69, "word": " source", "probability": 0.9736328125 }, { "start": 1139.69, "end": 1139.83, "word": " of", "probability": 1.0 } ] }, { "start": 1139.83, "end": 1146.43, "text": "commodity demand um uh and then just other major factors i mean for example the slowdown in", "speaker_id": "Speaker 1", "words": [ { "start": 1139.83, "end": 1140.19, "word": " commodity", "probability": 0.99755859375 }, { "start": 1140.19, "end": 1140.77, "word": " demand", "probability": 1.0 }, { "start": 1140.77, "end": 1141.87, "word": " um", "probability": 0.88671875 }, { "start": 1141.87, "end": 1142.55, "word": " uh", "probability": 0.6923828125 }, { "start": 1142.55, "end": 1142.85, "word": " and", "probability": 1.0 }, { "start": 1142.85, "end": 1142.97, "word": " then", "probability": 0.99951171875 }, { "start": 1142.97, "end": 1143.25, "word": " just", "probability": 1.0 }, { "start": 1143.25, "end": 1144.11, "word": " other", "probability": 1.0 }, { "start": 1144.11, "end": 1144.37, "word": " major", "probability": 1.0 }, { "start": 1144.37, "end": 1144.79, "word": " factors", "probability": 1.0 }, { "start": 1144.79, "end": 1144.99, "word": " i", "probability": 1.0 }, { "start": 1144.99, "end": 1145.07, "word": " mean", "probability": 0.99951171875 }, { "start": 1145.07, "end": 1145.23, "word": " for", "probability": 1.0 }, { "start": 1145.23, "end": 1145.49, "word": " example", "probability": 0.99951171875 }, { "start": 1145.49, "end": 1145.73, "word": " the", "probability": 1.0 }, { "start": 1145.73, "end": 1146.21, "word": " slowdown", "probability": 0.987548828125 }, { "start": 1146.21, "end": 1146.43, "word": " in", "probability": 1.0 } ] }, { "start": 1146.43, "end": 1150.89, "text": "china kind of china reaching peak demographics is is one of the biggest weights on", "speaker_id": "Speaker 1", "words": [ { "start": 1146.43, "end": 1146.75, "word": " china", "probability": 0.9892578125 }, { "start": 1146.75, "end": 1147.03, "word": " kind", "probability": 0.99951171875 }, { "start": 1147.03, "end": 1147.11, "word": " of", "probability": 0.99951171875 }, { "start": 1147.11, "end": 1147.35, "word": " china", "probability": 0.99560546875 }, { "start": 1147.35, "end": 1147.65, "word": " reaching", "probability": 0.99609375 }, { "start": 1147.65, "end": 1147.91, "word": " peak", "probability": 0.99951171875 }, { "start": 1147.91, "end": 1148.49, "word": " demographics", "probability": 1.0 }, { "start": 1148.49, "end": 1149.57, "word": " is", "probability": 1.0 }, { "start": 1149.57, "end": 1149.87, "word": " is", "probability": 0.76025390625 }, { "start": 1149.87, "end": 1149.97, "word": " one", "probability": 1.0 }, { "start": 1149.97, "end": 1150.03, "word": " of", "probability": 1.0 }, { "start": 1150.03, "end": 1150.13, "word": " the", "probability": 0.99951171875 }, { "start": 1150.13, "end": 1150.41, "word": " biggest", "probability": 0.99951171875 }, { "start": 1150.41, "end": 1150.71, "word": " weights", "probability": 0.99609375 }, { "start": 1150.71, "end": 1150.89, "word": " on", "probability": 1.0 } ] }, { "start": 1150.89, "end": 1156.07, "text": "commodities because they have all this oversupply uh not just of of buildings they've made", "speaker_id": "Speaker 1", "words": [ { "start": 1150.89, "end": 1151.37, "word": " commodities", "probability": 0.9990234375 }, { "start": 1151.37, "end": 1151.67, "word": " because", "probability": 1.0 }, { "start": 1151.67, "end": 1151.79, "word": " they", "probability": 1.0 }, { "start": 1151.79, "end": 1151.97, "word": " have", "probability": 1.0 }, { "start": 1151.97, "end": 1152.11, "word": " all", "probability": 1.0 }, { "start": 1152.11, "end": 1152.33, "word": " this", "probability": 1.0 }, { "start": 1152.33, "end": 1153.49, "word": " oversupply", "probability": 0.97412109375 }, { "start": 1153.49, "end": 1154.27, "word": " uh", "probability": 0.98193359375 }, { "start": 1154.27, "end": 1154.65, "word": " not", "probability": 1.0 }, { "start": 1154.65, "end": 1154.85, "word": " just", "probability": 1.0 }, { "start": 1154.85, "end": 1155.07, "word": " of", "probability": 1.0 }, { "start": 1155.07, "end": 1155.37, "word": " of", "probability": 0.6435546875 }, { "start": 1155.37, "end": 1155.65, "word": " buildings", "probability": 1.0 }, { "start": 1155.65, "end": 1155.99, "word": " they've", "probability": 0.998291015625 }, { "start": 1155.99, "end": 1156.07, "word": " made", "probability": 0.99755859375 } ] }, { "start": 1156.07, "end": 1160.35, "text": "but also manufacturing output so they can actually output more than they are currently", "speaker_id": "Speaker 1", "words": [ { "start": 1156.07, "end": 1156.27, "word": " but", "probability": 1.0 }, { "start": 1156.27, "end": 1156.45, "word": " also", "probability": 0.99853515625 }, { "start": 1156.45, "end": 1157.09, "word": " manufacturing", "probability": 1.0 }, { "start": 1157.09, "end": 1157.47, "word": " output", "probability": 0.98583984375 }, { "start": 1157.47, "end": 1157.73, "word": " so", "probability": 1.0 }, { "start": 1157.73, "end": 1157.85, "word": " they", "probability": 1.0 }, { "start": 1157.85, "end": 1157.99, "word": " can", "probability": 0.9990234375 }, { "start": 1157.99, "end": 1158.17, "word": " actually", "probability": 0.9990234375 }, { "start": 1158.17, "end": 1158.53, "word": " output", "probability": 0.99951171875 }, { "start": 1158.53, "end": 1159.05, "word": " more", "probability": 1.0 }, { "start": 1159.05, "end": 1159.63, "word": " than", "probability": 1.0 }, { "start": 1159.63, "end": 1159.75, "word": " they", "probability": 1.0 }, { "start": 1159.75, "end": 1159.89, "word": " are", "probability": 1.0 }, { "start": 1159.89, "end": 1160.35, "word": " currently", "probability": 1.0 } ] }, { "start": 1160.35, "end": 1165.21, "text": "without a ton of build out necessarily So there's an overhang there. So there's like,", "speaker_id": "Speaker 1", "words": [ { "start": 1160.35, "end": 1161.01, "word": " without", "probability": 1.0 }, { "start": 1161.01, "end": 1161.25, "word": " a", "probability": 1.0 }, { "start": 1161.25, "end": 1161.47, "word": " ton", "probability": 0.99951171875 }, { "start": 1161.47, "end": 1161.71, "word": " of", "probability": 1.0 }, { "start": 1161.71, "end": 1162.11, "word": " build", "probability": 0.9990234375 }, { "start": 1162.11, "end": 1162.29, "word": " out", "probability": 0.65869140625 }, { "start": 1162.29, "end": 1162.83, "word": " necessarily", "probability": 1.0 }, { "start": 1162.83, "end": 1163.59, "word": " So", "probability": 0.90576171875 }, { "start": 1163.59, "end": 1163.83, "word": " there's", "probability": 0.979736328125 }, { "start": 1163.83, "end": 1163.93, "word": " an", "probability": 1.0 }, { "start": 1163.93, "end": 1164.43, "word": " overhang", "probability": 1.0 }, { "start": 1164.43, "end": 1164.67, "word": " there.", "probability": 1.0 }, { "start": 1164.89, "end": 1164.89, "word": " So", "probability": 0.96337890625 }, { "start": 1164.89, "end": 1165.11, "word": " there's", "probability": 0.998291015625 }, { "start": 1165.11, "end": 1165.21, "word": " like,", "probability": 0.364501953125 } ] }, { "start": 1165.33, "end": 1169.19, "text": "there's, there's things that are right. AI is asking for more commodities and defense", "speaker_id": "Speaker 1", "words": [ { "start": 1165.33, "end": 1165.49, "word": " there's,", "probability": 0.998291015625 }, { "start": 1165.49, "end": 1165.95, "word": " there's", "probability": 0.999755859375 }, { "start": 1165.95, "end": 1166.13, "word": " things", "probability": 1.0 }, { "start": 1166.13, "end": 1166.27, "word": " that", "probability": 1.0 }, { "start": 1166.27, "end": 1166.39, "word": " are", "probability": 0.998046875 }, { "start": 1166.39, "end": 1166.63, "word": " right.", "probability": 0.5908203125 }, { "start": 1166.73, "end": 1167.17, "word": " AI", "probability": 0.80615234375 }, { "start": 1167.17, "end": 1167.65, "word": " is", "probability": 1.0 }, { "start": 1167.65, "end": 1167.93, "word": " asking", "probability": 1.0 }, { "start": 1167.93, "end": 1168.09, "word": " for", "probability": 1.0 }, { "start": 1168.09, "end": 1168.25, "word": " more", "probability": 1.0 }, { "start": 1168.25, "end": 1168.67, "word": " commodities", "probability": 1.0 }, { "start": 1168.67, "end": 1168.89, "word": " and", "probability": 0.9921875 }, { "start": 1168.89, "end": 1169.19, "word": " defense", "probability": 0.998046875 } ] }, { "start": 1169.19, "end": 1173.81, "text": "spending is asking for more commodities. Whereas like say China is asking for, uh, maybe", "speaker_id": "Speaker 1", "words": [ { "start": 1169.19, "end": 1169.51, "word": " spending", "probability": 0.98388671875 }, { "start": 1169.51, "end": 1169.63, "word": " is", "probability": 0.98779296875 }, { "start": 1169.63, "end": 1169.87, "word": " asking", "probability": 1.0 }, { "start": 1169.87, "end": 1170.07, "word": " for", "probability": 1.0 }, { "start": 1170.07, "end": 1170.25, "word": " more", "probability": 1.0 }, { "start": 1170.25, "end": 1170.69, "word": " commodities.", "probability": 1.0 }, { "start": 1170.89, "end": 1171.29, "word": " Whereas", "probability": 0.99951171875 }, { "start": 1171.29, "end": 1171.51, "word": " like", "probability": 0.99267578125 }, { "start": 1171.51, "end": 1171.65, "word": " say", "probability": 0.73388671875 }, { "start": 1171.65, "end": 1171.99, "word": " China", "probability": 0.94921875 }, { "start": 1171.99, "end": 1172.15, "word": " is", "probability": 0.86328125 }, { "start": 1172.15, "end": 1172.43, "word": " asking", "probability": 1.0 }, { "start": 1172.43, "end": 1172.75, "word": " for,", "probability": 1.0 }, { "start": 1172.95, "end": 1173.49, "word": " uh,", "probability": 0.6357421875 }, { "start": 1173.59, "end": 1173.81, "word": " maybe", "probability": 1.0 } ] }, { "start": 1173.81, "end": 1178.97, "text": "not less, but like less growth of commodities, for example. Um, and those have to be", "speaker_id": "Speaker 1", "words": [ { "start": 1173.81, "end": 1173.97, "word": " not", "probability": 1.0 }, { "start": 1173.97, "end": 1174.33, "word": " less,", "probability": 1.0 }, { "start": 1174.43, "end": 1174.51, "word": " but", "probability": 1.0 }, { "start": 1174.51, "end": 1174.71, "word": " like", "probability": 1.0 }, { "start": 1174.71, "end": 1174.93, "word": " less", "probability": 1.0 }, { "start": 1174.93, "end": 1175.35, "word": " growth", "probability": 1.0 }, { "start": 1175.35, "end": 1175.47, "word": " of", "probability": 0.99951171875 }, { "start": 1175.47, "end": 1175.91, "word": " commodities,", "probability": 0.99658203125 }, { "start": 1176.15, "end": 1176.27, "word": " for", "probability": 1.0 }, { "start": 1176.27, "end": 1176.63, "word": " example.", "probability": 1.0 }, { "start": 1177.01, "end": 1177.45, "word": " Um,", "probability": 0.99658203125 }, { "start": 1178.29, "end": 1178.47, "word": " and", "probability": 1.0 }, { "start": 1178.47, "end": 1178.63, "word": " those", "probability": 1.0 }, { "start": 1178.63, "end": 1178.75, "word": " have", "probability": 1.0 }, { "start": 1178.75, "end": 1178.85, "word": " to", "probability": 1.0 }, { "start": 1178.85, "end": 1178.97, "word": " be", "probability": 1.0 } ] }, { "start": 1178.97, "end": 1182.57, "text": "considered as, as competing things whenever, whenever someone wants to have a macro", "speaker_id": "Speaker 1", "words": [ { "start": 1178.97, "end": 1179.35, "word": " considered", "probability": 1.0 }, { "start": 1179.35, "end": 1179.65, "word": " as,", "probability": 1.0 }, { "start": 1179.67, "end": 1179.85, "word": " as", "probability": 1.0 }, { "start": 1179.85, "end": 1180.29, "word": " competing", "probability": 0.99951171875 }, { "start": 1180.29, "end": 1180.69, "word": " things", "probability": 1.0 }, { "start": 1180.69, "end": 1180.95, "word": " whenever,", "probability": 0.9443359375 }, { "start": 1181.11, "end": 1181.37, "word": " whenever", "probability": 0.99951171875 }, { "start": 1181.37, "end": 1181.67, "word": " someone", "probability": 1.0 }, { "start": 1181.67, "end": 1181.87, "word": " wants", "probability": 0.99951171875 }, { "start": 1181.87, "end": 1181.97, "word": " to", "probability": 1.0 }, { "start": 1181.97, "end": 1182.11, "word": " have", "probability": 1.0 }, { "start": 1182.11, "end": 1182.23, "word": " a", "probability": 0.99951171875 }, { "start": 1182.23, "end": 1182.57, "word": " macro", "probability": 0.99951171875 } ] }, { "start": 1182.57, "end": 1184.51, "text": "argument for, for their commodity position.", "speaker_id": "Speaker 1", "words": [ { "start": 1182.57, "end": 1183.03, "word": " argument", "probability": 1.0 }, { "start": 1183.03, "end": 1183.31, "word": " for,", "probability": 1.0 }, { "start": 1183.39, "end": 1183.55, "word": " for", "probability": 1.0 }, { "start": 1183.55, "end": 1183.73, "word": " their", "probability": 1.0 }, { "start": 1183.73, "end": 1184.09, "word": " commodity", "probability": 0.99951171875 }, { "start": 1184.09, "end": 1184.51, "word": " position.", "probability": 1.0 } ] }, { "start": 1185.47, "end": 1190.09, "text": "I get this question a lot. I just got this in my inbox, listening to you talk about gold", "speaker_id": "Speaker 2", "words": [ { "start": 1185.47, "end": 1185.91, "word": " I", "probability": 0.853515625 }, { "start": 1185.91, "end": 1186.05, "word": " get", "probability": 0.99951171875 }, { "start": 1186.05, "end": 1186.23, "word": " this", "probability": 1.0 }, { "start": 1186.23, "end": 1186.53, "word": " question", "probability": 1.0 }, { "start": 1186.53, "end": 1186.67, "word": " a", "probability": 1.0 }, { "start": 1186.67, "end": 1186.73, "word": " lot.", "probability": 1.0 }, { "start": 1186.81, "end": 1186.85, "word": " I", "probability": 0.9990234375 }, { "start": 1186.85, "end": 1187.03, "word": " just", "probability": 1.0 }, { "start": 1187.03, "end": 1187.21, "word": " got", "probability": 1.0 }, { "start": 1187.21, "end": 1187.43, "word": " this", "probability": 1.0 }, { "start": 1187.43, "end": 1187.59, "word": " in", "probability": 1.0 }, { "start": 1187.59, "end": 1187.71, "word": " my", "probability": 1.0 }, { "start": 1187.71, "end": 1188.13, "word": " inbox,", "probability": 1.0 }, { "start": 1188.61, "end": 1189.05, "word": " listening", "probability": 0.9853515625 }, { "start": 1189.05, "end": 1189.23, "word": " to", "probability": 1.0 }, { "start": 1189.23, "end": 1189.31, "word": " you", "probability": 0.9970703125 }, { "start": 1189.31, "end": 1189.53, "word": " talk", "probability": 1.0 }, { "start": 1189.53, "end": 1189.75, "word": " about", "probability": 1.0 }, { "start": 1189.75, "end": 1190.09, "word": " gold", "probability": 0.99951171875 } ] }, { "start": 1190.09, "end": 1196.81, "text": "and silver and the hard assets. And this was from someone, I wonder your thoughts on this,", "speaker_id": "Speaker 2", "words": [ { "start": 1190.09, "end": 1190.31, "word": " and", "probability": 0.99609375 }, { "start": 1190.31, "end": 1191.13, "word": " silver", "probability": 0.9912109375 }, { "start": 1191.71, "end": 1192.15, "word": " and", "probability": 0.98291015625 }, { "start": 1192.15, "end": 1192.27, "word": " the", "probability": 1.0 }, { "start": 1192.27, "end": 1192.45, "word": " hard", "probability": 0.99951171875 }, { "start": 1192.45, "end": 1193.07, "word": " assets.", "probability": 1.0 }, { "start": 1194.05, "end": 1194.49, "word": " And", "probability": 0.853515625 }, { "start": 1194.49, "end": 1194.65, "word": " this", "probability": 1.0 }, { "start": 1194.65, "end": 1194.79, "word": " was", "probability": 1.0 }, { "start": 1194.79, "end": 1194.99, "word": " from", "probability": 1.0 }, { "start": 1194.99, "end": 1195.85, "word": " someone,", "probability": 0.9638671875 }, { "start": 1195.91, "end": 1195.99, "word": " I", "probability": 0.99951171875 }, { "start": 1195.99, "end": 1196.15, "word": " wonder", "probability": 0.99951171875 }, { "start": 1196.15, "end": 1196.29, "word": " your", "probability": 0.97705078125 }, { "start": 1196.29, "end": 1196.53, "word": " thoughts", "probability": 1.0 }, { "start": 1196.53, "end": 1196.67, "word": " on", "probability": 1.0 }, { "start": 1196.67, "end": 1196.81, "word": " this,", "probability": 1.0 } ] }, { "start": 1196.91, "end": 1202.23, "text": "from someone called Peter. And he wrote, I find it fascinating that just about every other", "speaker_id": "Speaker 2", "words": [ { "start": 1196.91, "end": 1197.05, "word": " from", "probability": 1.0 }, { "start": 1197.05, "end": 1197.71, "word": " someone", "probability": 0.99853515625 }, { "start": 1197.71, "end": 1197.97, "word": " called", "probability": 1.0 }, { "start": 1197.97, "end": 1198.31, "word": " Peter.", "probability": 1.0 }, { "start": 1198.49, "end": 1198.89, "word": " And", "probability": 0.99853515625 }, { "start": 1198.89, "end": 1199.03, "word": " he", "probability": 1.0 }, { "start": 1199.03, "end": 1199.35, "word": " wrote,", "probability": 1.0 }, { "start": 1199.55, "end": 1199.77, "word": " I", "probability": 0.99755859375 }, { "start": 1199.77, "end": 1199.95, "word": " find", "probability": 0.99951171875 }, { "start": 1199.95, "end": 1200.05, "word": " it", "probability": 1.0 }, { "start": 1200.05, "end": 1200.65, "word": " fascinating", "probability": 1.0 }, { "start": 1200.65, "end": 1201.13, "word": " that", "probability": 1.0 }, { "start": 1201.13, "end": 1201.49, "word": " just", "probability": 1.0 }, { "start": 1201.49, "end": 1201.75, "word": " about", "probability": 1.0 }, { "start": 1201.75, "end": 1202.07, "word": " every", "probability": 1.0 }, { "start": 1202.07, "end": 1202.23, "word": " other", "probability": 0.9990234375 } ] }, { "start": 1202.23, "end": 1206.77, "text": "financial podcast has guests, one after the other, predicting doom and gloom for the stock", "speaker_id": "Speaker 2", "words": [ { "start": 1202.23, "end": 1202.71, "word": " financial", "probability": 1.0 }, { "start": 1202.71, "end": 1203.25, "word": " podcast", "probability": 1.0 }, { "start": 1203.25, "end": 1204.05, "word": " has", "probability": 0.8125 }, { "start": 1204.05, "end": 1204.53, "word": " guests,", "probability": 1.0 }, { "start": 1204.67, "end": 1204.77, "word": " one", "probability": 0.9990234375 }, { "start": 1204.77, "end": 1204.93, "word": " after", "probability": 1.0 }, { "start": 1204.93, "end": 1205.07, "word": " the", "probability": 0.99951171875 }, { "start": 1205.07, "end": 1205.19, "word": " other,", "probability": 0.9990234375 }, { "start": 1205.29, "end": 1205.55, "word": " predicting", "probability": 0.99951171875 }, { "start": 1205.55, "end": 1205.83, "word": " doom", "probability": 1.0 }, { "start": 1205.83, "end": 1205.99, "word": " and", "probability": 1.0 }, { "start": 1205.99, "end": 1206.25, "word": " gloom", "probability": 1.0 }, { "start": 1206.25, "end": 1206.39, "word": " for", "probability": 1.0 }, { "start": 1206.39, "end": 1206.51, "word": " the", "probability": 1.0 }, { "start": 1206.51, "end": 1206.77, "word": " stock", "probability": 0.9990234375 } ] }, { "start": 1206.77, "end": 1212.39, "text": "market and gold is the savior. And yet markets continue to climb the wall of worry while", "speaker_id": "Speaker 2", "words": [ { "start": 1206.77, "end": 1207.25, "word": " market", "probability": 1.0 }, { "start": 1207.25, "end": 1207.81, "word": " and", "probability": 0.401123046875 }, { "start": 1207.81, "end": 1208.15, "word": " gold", "probability": 1.0 }, { "start": 1208.15, "end": 1208.37, "word": " is", "probability": 0.98779296875 }, { "start": 1208.37, "end": 1208.53, "word": " the", "probability": 1.0 }, { "start": 1208.53, "end": 1208.87, "word": " savior.", "probability": 0.99755859375 }, { "start": 1209.09, "end": 1209.15, "word": " And", "probability": 0.99951171875 }, { "start": 1209.15, "end": 1209.33, "word": " yet", "probability": 1.0 }, { "start": 1209.33, "end": 1209.81, "word": " markets", "probability": 0.9619140625 }, { "start": 1209.81, "end": 1210.35, "word": " continue", "probability": 1.0 }, { "start": 1210.35, "end": 1210.53, "word": " to", "probability": 1.0 }, { "start": 1210.53, "end": 1210.77, "word": " climb", "probability": 0.99951171875 }, { "start": 1210.77, "end": 1210.93, "word": " the", "probability": 1.0 }, { "start": 1210.93, "end": 1211.19, "word": " wall", "probability": 0.998046875 }, { "start": 1211.19, "end": 1211.35, "word": " of", "probability": 1.0 }, { "start": 1211.35, "end": 1211.71, "word": " worry", "probability": 1.0 }, { "start": 1211.71, "end": 1212.39, "word": " while", "probability": 0.9951171875 } ] }, { "start": 1212.39, "end": 1217.49, "text": "gold struggles. Is this sensationalism to get the public to watch or listen? Listen, like,", "speaker_id": "Speaker 2", "words": [ { "start": 1212.39, "end": 1212.85, "word": " gold", "probability": 1.0 }, { "start": 1212.85, "end": 1213.39, "word": " struggles.", "probability": 1.0 }, { "start": 1213.39, "end": 1213.87, "word": " Is", "probability": 0.916015625 }, { "start": 1213.87, "end": 1214.07, "word": " this", "probability": 1.0 }, { "start": 1214.07, "end": 1214.97, "word": " sensationalism", "probability": 1.0 }, { "start": 1214.97, "end": 1215.09, "word": " to", "probability": 0.99560546875 }, { "start": 1215.09, "end": 1215.19, "word": " get", "probability": 1.0 }, { "start": 1215.19, "end": 1215.33, "word": " the", "probability": 1.0 }, { "start": 1215.33, "end": 1215.59, "word": " public", "probability": 1.0 }, { "start": 1215.59, "end": 1215.77, "word": " to", "probability": 1.0 }, { "start": 1215.77, "end": 1216.07, "word": " watch", "probability": 1.0 }, { "start": 1216.07, "end": 1216.19, "word": " or", "probability": 0.998046875 }, { "start": 1216.19, "end": 1216.61, "word": " listen?", "probability": 0.99951171875 }, { "start": 1216.89, "end": 1217.33, "word": " Listen,", "probability": 0.143798828125 }, { "start": 1217.43, "end": 1217.49, "word": " like,", "probability": 0.9521484375 } ] }, { "start": 1217.61, "end": 1223.99, "text": "what do you think is going on? And we get a version of that a lot. I wonder sort of", "speaker_id": "Speaker 2", "words": [ { "start": 1217.61, "end": 1217.67, "word": " what", "probability": 1.0 }, { "start": 1217.67, "end": 1217.75, "word": " do", "probability": 1.0 }, { "start": 1217.75, "end": 1217.85, "word": " you", "probability": 1.0 }, { "start": 1217.85, "end": 1218.05, "word": " think", "probability": 1.0 }, { "start": 1218.05, "end": 1218.19, "word": " is", "probability": 1.0 }, { "start": 1218.19, "end": 1218.41, "word": " going", "probability": 1.0 }, { "start": 1218.41, "end": 1218.75, "word": " on?", "probability": 1.0 }, { "start": 1218.87, "end": 1219.27, "word": " And", "probability": 0.99462890625 }, { "start": 1219.27, "end": 1219.41, "word": " we", "probability": 1.0 }, { "start": 1219.41, "end": 1219.59, "word": " get", "probability": 1.0 }, { "start": 1219.59, "end": 1219.73, "word": " a", "probability": 1.0 }, { "start": 1219.73, "end": 1220.07, "word": " version", "probability": 0.99267578125 }, { "start": 1220.07, "end": 1220.27, "word": " of", "probability": 1.0 }, { "start": 1220.27, "end": 1220.45, "word": " that", "probability": 1.0 }, { "start": 1220.45, "end": 1220.59, "word": " a", "probability": 1.0 }, { "start": 1220.59, "end": 1220.89, "word": " lot.", "probability": 1.0 }, { "start": 1221.81, "end": 1222.25, "word": " I", "probability": 0.9951171875 }, { "start": 1222.25, "end": 1222.65, "word": " wonder", "probability": 1.0 }, { "start": 1222.65, "end": 1223.81, "word": " sort", "probability": 0.52099609375 }, { "start": 1223.81, "end": 1223.99, "word": " of", "probability": 1.0 } ] }, { "start": 1223.99, "end": 1230.91, "text": "when you're a bull on gold or hard assets, what do you say to folks like that who hear", "speaker_id": "Speaker 2", "words": [ { "start": 1223.99, "end": 1224.69, "word": " when", "probability": 0.99853515625 }, { "start": 1224.69, "end": 1225.51, "word": " you're", "probability": 0.99853515625 }, { "start": 1225.51, "end": 1225.65, "word": " a", "probability": 0.9990234375 }, { "start": 1225.65, "end": 1225.85, "word": " bull", "probability": 0.99951171875 }, { "start": 1225.85, "end": 1226.23, "word": " on", "probability": 1.0 }, { "start": 1226.23, "end": 1226.49, "word": " gold", "probability": 1.0 }, { "start": 1226.49, "end": 1226.63, "word": " or", "probability": 1.0 }, { "start": 1226.63, "end": 1226.83, "word": " hard", "probability": 0.9990234375 }, { "start": 1226.83, "end": 1227.27, "word": " assets,", "probability": 1.0 }, { "start": 1227.47, "end": 1228.43, "word": " what", "probability": 1.0 }, { "start": 1228.43, "end": 1228.53, "word": " do", "probability": 1.0 }, { "start": 1228.53, "end": 1228.65, "word": " you", "probability": 1.0 }, { "start": 1228.65, "end": 1228.89, "word": " say", "probability": 1.0 }, { "start": 1228.89, "end": 1229.03, "word": " to", "probability": 1.0 }, { "start": 1229.03, "end": 1229.33, "word": " folks", "probability": 1.0 }, { "start": 1229.33, "end": 1229.55, "word": " like", "probability": 1.0 }, { "start": 1229.55, "end": 1229.81, "word": " that", "probability": 1.0 }, { "start": 1229.81, "end": 1230.15, "word": " who", "probability": 0.99169921875 }, { "start": 1230.15, "end": 1230.91, "word": " hear", "probability": 1.0 } ] }, { "start": 1230.91, "end": 1235.15, "text": "the argument, it makes sense to them, but they just watch that stock market and they're so", "speaker_id": "Speaker 2", "words": [ { "start": 1230.91, "end": 1231.09, "word": " the", "probability": 1.0 }, { "start": 1231.09, "end": 1231.49, "word": " argument,", "probability": 1.0 }, { "start": 1231.49, "end": 1231.73, "word": " it", "probability": 1.0 }, { "start": 1231.73, "end": 1231.97, "word": " makes", "probability": 1.0 }, { "start": 1231.97, "end": 1232.19, "word": " sense", "probability": 1.0 }, { "start": 1232.19, "end": 1232.37, "word": " to", "probability": 1.0 }, { "start": 1232.37, "end": 1232.63, "word": " them,", "probability": 1.0 }, { "start": 1232.77, "end": 1232.93, "word": " but", "probability": 1.0 }, { "start": 1232.93, "end": 1233.13, "word": " they", "probability": 1.0 }, { "start": 1233.13, "end": 1233.43, "word": " just", "probability": 1.0 }, { "start": 1233.43, "end": 1233.79, "word": " watch", "probability": 0.99951171875 }, { "start": 1233.79, "end": 1233.99, "word": " that", "probability": 1.0 }, { "start": 1233.99, "end": 1234.33, "word": " stock", "probability": 1.0 }, { "start": 1234.33, "end": 1234.69, "word": " market", "probability": 1.0 }, { "start": 1234.69, "end": 1234.81, "word": " and", "probability": 0.82470703125 }, { "start": 1234.81, "end": 1234.97, "word": " they're", "probability": 1.0 }, { "start": 1234.97, "end": 1235.15, "word": " so", "probability": 1.0 } ] }, { "start": 1235.15, "end": 1240.57, "text": "conditioned to look at their 401 in equity positions and have a hard time kind of pulling", "speaker_id": "Speaker 2", "words": [ { "start": 1235.15, "end": 1235.75, "word": " conditioned", "probability": 1.0 }, { "start": 1235.75, "end": 1236.37, "word": " to", "probability": 1.0 }, { "start": 1236.37, "end": 1236.53, "word": " look", "probability": 1.0 }, { "start": 1236.53, "end": 1236.63, "word": " at", "probability": 1.0 }, { "start": 1236.63, "end": 1236.75, "word": " their", "probability": 0.99951171875 }, { "start": 1236.75, "end": 1237.21, "word": " 401", "probability": 0.9921875 }, { "start": 1237.21, "end": 1237.59, "word": " in", "probability": 0.60986328125 }, { "start": 1237.59, "end": 1237.91, "word": " equity", "probability": 1.0 }, { "start": 1237.91, "end": 1238.37, "word": " positions", "probability": 1.0 }, { "start": 1238.37, "end": 1238.55, "word": " and", "probability": 1.0 }, { "start": 1238.55, "end": 1238.69, "word": " have", "probability": 1.0 }, { "start": 1238.69, "end": 1238.81, "word": " a", "probability": 1.0 }, { "start": 1238.81, "end": 1239.13, "word": " hard", "probability": 1.0 }, { "start": 1239.13, "end": 1239.67, "word": " time", "probability": 1.0 }, { "start": 1239.67, "end": 1240.15, "word": " kind", "probability": 0.9970703125 }, { "start": 1240.15, "end": 1240.23, "word": " of", "probability": 1.0 }, { "start": 1240.23, "end": 1240.57, "word": " pulling", "probability": 1.0 } ] }, { "start": 1240.57, "end": 1242.71, "text": "away and think about diversifying out of it?", "speaker_id": "Speaker 2", "words": [ { "start": 1240.57, "end": 1240.87, "word": " away", "probability": 1.0 }, { "start": 1240.87, "end": 1241.05, "word": " and", "probability": 1.0 }, { "start": 1241.05, "end": 1241.29, "word": " think", "probability": 0.99951171875 }, { "start": 1241.29, "end": 1241.51, "word": " about", "probability": 1.0 }, { "start": 1241.51, "end": 1242.23, "word": " diversifying", "probability": 1.0 }, { "start": 1242.23, "end": 1242.45, "word": " out", "probability": 1.0 }, { "start": 1242.45, "end": 1242.57, "word": " of", "probability": 1.0 }, { "start": 1242.57, "end": 1242.71, "word": " it?", "probability": 1.0 } ] }, { "start": 1242.71, "end": 1249.35, "text": "I say yes and, which is basically to say that one can be bullish on gold and stocks. And", "speaker_id": "Speaker 1", "words": [ { "start": 1242.71, "end": 1243.21, "word": " I", "probability": 0.99755859375 }, { "start": 1243.21, "end": 1243.59, "word": " say", "probability": 0.99853515625 }, { "start": 1243.59, "end": 1244.39, "word": " yes", "probability": 0.9443359375 }, { "start": 1244.39, "end": 1244.71, "word": " and,", "probability": 0.7626953125 }, { "start": 1244.93, "end": 1245.23, "word": " which", "probability": 1.0 }, { "start": 1245.23, "end": 1245.33, "word": " is", "probability": 0.98779296875 }, { "start": 1245.33, "end": 1245.51, "word": " basically", "probability": 1.0 }, { "start": 1245.51, "end": 1245.65, "word": " to", "probability": 0.99755859375 }, { "start": 1245.65, "end": 1245.75, "word": " say", "probability": 1.0 }, { "start": 1245.75, "end": 1245.93, "word": " that", "probability": 1.0 }, { "start": 1245.93, "end": 1246.17, "word": " one", "probability": 1.0 }, { "start": 1246.17, "end": 1246.29, "word": " can", "probability": 0.99951171875 }, { "start": 1246.29, "end": 1246.41, "word": " be", "probability": 1.0 }, { "start": 1246.41, "end": 1246.67, "word": " bullish", "probability": 1.0 }, { "start": 1246.67, "end": 1246.83, "word": " on", "probability": 1.0 }, { "start": 1246.83, "end": 1247.13, "word": " gold", "probability": 0.99951171875 }, { "start": 1247.13, "end": 1247.33, "word": " and", "probability": 0.99951171875 }, { "start": 1247.33, "end": 1247.77, "word": " stocks.", "probability": 1.0 }, { "start": 1248.87, "end": 1249.35, "word": " And", "probability": 0.8994140625 } ] }, { "start": 1249.35, "end": 1256.15, "text": "if one looks at the S &P 500 to gold ratio, we are in kind of the fourth major", "speaker_id": "Speaker 1", "words": [ { "start": 1249.35, "end": 1249.79, "word": " if", "probability": 0.99951171875 }, { "start": 1249.79, "end": 1249.97, "word": " one", "probability": 1.0 }, { "start": 1249.97, "end": 1250.19, "word": " looks", "probability": 1.0 }, { "start": 1250.19, "end": 1250.47, "word": " at", "probability": 1.0 }, { "start": 1250.47, "end": 1250.81, "word": " the", "probability": 1.0 }, { "start": 1250.81, "end": 1251.61, "word": " S", "probability": 0.9990234375 }, { "start": 1251.61, "end": 1251.73, "word": "&P", "probability": 0.99951171875 }, { "start": 1251.73, "end": 1252.03, "word": " 500", "probability": 0.99560546875 }, { "start": 1252.03, "end": 1252.33, "word": " to", "probability": 0.98388671875 }, { "start": 1252.33, "end": 1252.61, "word": " gold", "probability": 0.99853515625 }, { "start": 1252.61, "end": 1253.03, "word": " ratio,", "probability": 1.0 }, { "start": 1253.35, "end": 1254.19, "word": " we", "probability": 1.0 }, { "start": 1254.19, "end": 1254.35, "word": " are", "probability": 0.98388671875 }, { "start": 1254.35, "end": 1254.57, "word": " in", "probability": 1.0 }, { "start": 1254.57, "end": 1254.79, "word": " kind", "probability": 0.9755859375 }, { "start": 1254.79, "end": 1255.01, "word": " of", "probability": 1.0 }, { "start": 1255.01, "end": 1255.21, "word": " the", "probability": 1.0 }, { "start": 1255.21, "end": 1255.75, "word": " fourth", "probability": 0.99951171875 }, { "start": 1255.75, "end": 1256.15, "word": " major", "probability": 1.0 } ] }, { "start": 1256.15, "end": 1261.49, "text": "bear market in stocks relative to gold over the past century, even though it's been pretty", "speaker_id": "Speaker 1", "words": [ { "start": 1256.15, "end": 1256.61, "word": " bear", "probability": 0.99853515625 }, { "start": 1256.61, "end": 1257.01, "word": " market", "probability": 1.0 }, { "start": 1257.01, "end": 1257.25, "word": " in", "probability": 1.0 }, { "start": 1257.25, "end": 1257.61, "word": " stocks", "probability": 0.99951171875 }, { "start": 1257.61, "end": 1257.99, "word": " relative", "probability": 1.0 }, { "start": 1257.99, "end": 1258.21, "word": " to", "probability": 1.0 }, { "start": 1258.21, "end": 1258.61, "word": " gold", "probability": 1.0 }, { "start": 1258.61, "end": 1259.53, "word": " over", "probability": 0.99609375 }, { "start": 1259.53, "end": 1259.63, "word": " the", "probability": 1.0 }, { "start": 1259.63, "end": 1259.85, "word": " past", "probability": 0.99951171875 }, { "start": 1259.85, "end": 1260.27, "word": " century,", "probability": 1.0 }, { "start": 1260.51, "end": 1261.07, "word": " even", "probability": 1.0 }, { "start": 1261.07, "end": 1261.17, "word": " though", "probability": 0.99609375 }, { "start": 1261.17, "end": 1261.23, "word": " it's", "probability": 0.999755859375 }, { "start": 1261.23, "end": 1261.31, "word": " been", "probability": 1.0 }, { "start": 1261.31, "end": 1261.49, "word": " pretty", "probability": 1.0 } ] }, { "start": 1261.49, "end": 1267.59, "text": "mild. So you can pick a point years ago and gold has outperformed stocks in that time.", "speaker_id": "Speaker 1", "words": [ { "start": 1261.49, "end": 1261.81, "word": " mild.", "probability": 0.99951171875 }, { "start": 1261.99, "end": 1262.07, "word": " So", "probability": 0.99462890625 }, { "start": 1262.07, "end": 1262.79, "word": " you", "probability": 0.95703125 }, { "start": 1262.79, "end": 1263.07, "word": " can", "probability": 0.85595703125 }, { "start": 1263.07, "end": 1263.23, "word": " pick", "probability": 1.0 }, { "start": 1263.23, "end": 1263.35, "word": " a", "probability": 1.0 }, { "start": 1263.35, "end": 1263.57, "word": " point", "probability": 1.0 }, { "start": 1263.57, "end": 1263.87, "word": " years", "probability": 1.0 }, { "start": 1263.87, "end": 1264.17, "word": " ago", "probability": 1.0 }, { "start": 1264.17, "end": 1264.33, "word": " and", "probability": 0.70947265625 }, { "start": 1264.33, "end": 1264.57, "word": " gold", "probability": 1.0 }, { "start": 1264.57, "end": 1264.73, "word": " has", "probability": 0.9970703125 }, { "start": 1264.73, "end": 1265.47, "word": " outperformed", "probability": 0.9996744791666666 }, { "start": 1265.47, "end": 1266.23, "word": " stocks", "probability": 0.99951171875 }, { "start": 1266.23, "end": 1267.03, "word": " in", "probability": 0.99560546875 }, { "start": 1267.03, "end": 1267.19, "word": " that", "probability": 1.0 }, { "start": 1267.19, "end": 1267.59, "word": " time.", "probability": 1.0 } ] }, { "start": 1269.31, "end": 1274.37, "text": "But of course, there are years where the opposite happens. And I mean, I like to own both", "speaker_id": "Speaker 1", "words": [ { "start": 1269.31, "end": 1269.79, "word": " But", "probability": 0.517578125 }, { "start": 1269.79, "end": 1270.27, "word": " of", "probability": 0.79296875 }, { "start": 1270.27, "end": 1270.39, "word": " course,", "probability": 1.0 }, { "start": 1270.45, "end": 1270.53, "word": " there", "probability": 1.0 }, { "start": 1270.53, "end": 1270.63, "word": " are", "probability": 1.0 }, { "start": 1270.63, "end": 1270.87, "word": " years", "probability": 1.0 }, { "start": 1270.87, "end": 1271.01, "word": " where", "probability": 1.0 }, { "start": 1271.01, "end": 1271.11, "word": " the", "probability": 1.0 }, { "start": 1271.11, "end": 1271.37, "word": " opposite", "probability": 1.0 }, { "start": 1271.37, "end": 1271.87, "word": " happens.", "probability": 1.0 }, { "start": 1272.71, "end": 1273.11, "word": " And", "probability": 0.92041015625 }, { "start": 1273.11, "end": 1273.37, "word": " I", "probability": 0.80322265625 }, { "start": 1273.37, "end": 1273.51, "word": " mean,", "probability": 0.93701171875 }, { "start": 1273.59, "end": 1273.61, "word": " I", "probability": 1.0 }, { "start": 1273.61, "end": 1273.75, "word": " like", "probability": 0.99951171875 }, { "start": 1273.75, "end": 1273.85, "word": " to", "probability": 1.0 }, { "start": 1273.85, "end": 1274.07, "word": " own", "probability": 1.0 }, { "start": 1274.07, "end": 1274.37, "word": " both", "probability": 1.0 } ] }, { "start": 1274.37, "end": 1280.59, "text": "assets. And this goes back to my whole kind of view on the fiscal dominance. And that's why", "speaker_id": "Speaker 1", "words": [ { "start": 1274.37, "end": 1274.85, "word": " assets.", "probability": 1.0 }, { "start": 1275.69, "end": 1276.09, "word": " And", "probability": 0.99951171875 }, { "start": 1276.09, "end": 1276.21, "word": " this", "probability": 1.0 }, { "start": 1276.21, "end": 1276.37, "word": " goes", "probability": 1.0 }, { "start": 1276.37, "end": 1276.55, "word": " back", "probability": 1.0 }, { "start": 1276.55, "end": 1276.67, "word": " to", "probability": 1.0 }, { "start": 1276.67, "end": 1276.79, "word": " my", "probability": 1.0 }, { "start": 1276.79, "end": 1277.03, "word": " whole", "probability": 1.0 }, { "start": 1277.03, "end": 1277.21, "word": " kind", "probability": 0.96923828125 }, { "start": 1277.21, "end": 1277.31, "word": " of", "probability": 1.0 }, { "start": 1277.31, "end": 1277.49, "word": " view", "probability": 1.0 }, { "start": 1277.49, "end": 1277.67, "word": " on", "probability": 1.0 }, { "start": 1277.67, "end": 1278.03, "word": " the", "probability": 0.95849609375 }, { "start": 1278.03, "end": 1278.47, "word": " fiscal", "probability": 0.998046875 }, { "start": 1278.47, "end": 1278.97, "word": " dominance.", "probability": 1.0 }, { "start": 1279.91, "end": 1280.31, "word": " And", "probability": 0.99951171875 }, { "start": 1280.31, "end": 1280.49, "word": " that's", "probability": 1.0 }, { "start": 1280.49, "end": 1280.59, "word": " why", "probability": 0.99951171875 } ] }, { "start": 1280.59, "end": 1286.01, "text": "I keep fading the equity bears, which is to say when we're running 7 % of GDP deficits, as", "speaker_id": "Speaker 1", "words": [ { "start": 1280.59, "end": 1280.67, "word": " I", "probability": 0.99951171875 }, { "start": 1280.67, "end": 1280.79, "word": " keep", "probability": 1.0 }, { "start": 1280.79, "end": 1281.09, "word": " fading", "probability": 0.9970703125 }, { "start": 1281.09, "end": 1281.27, "word": " the", "probability": 0.99951171875 }, { "start": 1281.27, "end": 1281.59, "word": " equity", "probability": 0.99951171875 }, { "start": 1281.59, "end": 1281.93, "word": " bears,", "probability": 0.9111328125 }, { "start": 1282.19, "end": 1283.33, "word": " which", "probability": 0.99951171875 }, { "start": 1283.33, "end": 1283.47, "word": " is", "probability": 1.0 }, { "start": 1283.47, "end": 1283.57, "word": " to", "probability": 1.0 }, { "start": 1283.57, "end": 1283.73, "word": " say", "probability": 1.0 }, { "start": 1283.73, "end": 1283.93, "word": " when", "probability": 0.77978515625 }, { "start": 1283.93, "end": 1284.13, "word": " we're", "probability": 1.0 }, { "start": 1284.13, "end": 1284.39, "word": " running", "probability": 1.0 }, { "start": 1284.39, "end": 1284.67, "word": " 7", "probability": 0.990234375 }, { "start": 1284.67, "end": 1284.89, "word": "%", "probability": 0.98388671875 }, { "start": 1284.89, "end": 1285.03, "word": " of", "probability": 1.0 }, { "start": 1285.03, "end": 1285.29, "word": " GDP", "probability": 1.0 }, { "start": 1285.29, "end": 1285.79, "word": " deficits,", "probability": 0.99951171875 }, { "start": 1285.81, "end": 1286.01, "word": " as", "probability": 1.0 } ] }, { "start": 1286.01, "end": 1287.01, "text": "far as the eye can see,", "speaker_id": "Speaker 1", "words": [ { "start": 1286.01, "end": 1286.19, "word": " far", "probability": 1.0 }, { "start": 1286.19, "end": 1286.31, "word": " as", "probability": 1.0 }, { "start": 1286.31, "end": 1286.41, "word": " the", "probability": 0.99951171875 }, { "start": 1286.41, "end": 1286.55, "word": " eye", "probability": 0.99755859375 }, { "start": 1286.55, "end": 1286.71, "word": " can", "probability": 0.99951171875 }, { "start": 1286.71, "end": 1287.01, "word": " see,", "probability": 1.0 } ] }, { "start": 1289.45, "end": 1295.71, "text": "you know, being bearish on stocks basically means you're bullish on fiat because you're", "speaker_id": "Speaker 1", "words": [ { "start": 1289.45, "end": 1289.49, "word": " you", "probability": 0.436767578125 }, { "start": 1289.49, "end": 1289.59, "word": " know,", "probability": 1.0 }, { "start": 1289.87, "end": 1290.15, "word": " being", "probability": 1.0 }, { "start": 1290.15, "end": 1291.09, "word": " bearish", "probability": 0.9794921875 }, { "start": 1291.09, "end": 1291.29, "word": " on", "probability": 1.0 }, { "start": 1291.29, "end": 1291.85, "word": " stocks", "probability": 1.0 }, { "start": 1291.85, "end": 1292.31, "word": " basically", "probability": 0.99560546875 }, { "start": 1292.31, "end": 1292.61, "word": " means", "probability": 1.0 }, { "start": 1292.61, "end": 1292.87, "word": " you're", "probability": 1.0 }, { "start": 1293.49, "end": 1293.89, "word": " bullish", "probability": 0.998046875 }, { "start": 1293.89, "end": 1294.13, "word": " on", "probability": 1.0 }, { "start": 1294.13, "end": 1294.49, "word": " fiat", "probability": 0.99755859375 }, { "start": 1294.49, "end": 1295.51, "word": " because", "probability": 0.412109375 }, { "start": 1295.51, "end": 1295.71, "word": " you're", "probability": 0.99951171875 } ] }, { "start": 1295.71, "end": 1300.37, "text": "seeing what stocks are going to go down versus the dollar. And, you know, certainly in a", "speaker_id": "Speaker 1", "words": [ { "start": 1295.71, "end": 1295.95, "word": " seeing", "probability": 0.779296875 }, { "start": 1295.95, "end": 1296.13, "word": " what", "probability": 0.98681640625 }, { "start": 1296.13, "end": 1296.43, "word": " stocks", "probability": 0.9970703125 }, { "start": 1296.43, "end": 1296.57, "word": " are", "probability": 0.9921875 }, { "start": 1296.57, "end": 1296.63, "word": " going", "probability": 0.8095703125 }, { "start": 1296.63, "end": 1296.63, "word": " to", "probability": 0.96875 }, { "start": 1296.63, "end": 1296.71, "word": " go", "probability": 0.99658203125 }, { "start": 1296.71, "end": 1296.93, "word": " down", "probability": 1.0 }, { "start": 1296.93, "end": 1297.17, "word": " versus", "probability": 0.99609375 }, { "start": 1297.17, "end": 1297.33, "word": " the", "probability": 1.0 }, { "start": 1297.33, "end": 1297.59, "word": " dollar.", "probability": 1.0 }, { "start": 1298.77, "end": 1299.17, "word": " And,", "probability": 0.9990234375 }, { "start": 1299.17, "end": 1299.57, "word": " you", "probability": 0.9912109375 }, { "start": 1299.57, "end": 1299.67, "word": " know,", "probability": 1.0 }, { "start": 1299.81, "end": 1300.15, "word": " certainly", "probability": 1.0 }, { "start": 1300.15, "end": 1300.31, "word": " in", "probability": 1.0 }, { "start": 1300.31, "end": 1300.37, "word": " a", "probability": 0.98681640625 } ] }, { "start": 1300.37, "end": 1304.33, "text": "year they can. I mean, that's the stocks are volatile. I mean, they went down in 2022, for", "speaker_id": "Speaker 1", "words": [ { "start": 1300.37, "end": 1300.57, "word": " year", "probability": 1.0 }, { "start": 1300.57, "end": 1300.75, "word": " they", "probability": 0.689453125 }, { "start": 1300.75, "end": 1301.03, "word": " can.", "probability": 1.0 }, { "start": 1301.21, "end": 1301.27, "word": " I", "probability": 0.9990234375 }, { "start": 1301.27, "end": 1301.39, "word": " mean,", "probability": 1.0 }, { "start": 1301.51, "end": 1301.63, "word": " that's", "probability": 0.654052734375 }, { "start": 1301.63, "end": 1301.77, "word": " the", "probability": 0.7958984375 }, { "start": 1301.77, "end": 1301.99, "word": " stocks", "probability": 0.994140625 }, { "start": 1301.99, "end": 1302.15, "word": " are", "probability": 0.9990234375 }, { "start": 1302.15, "end": 1302.47, "word": " volatile.", "probability": 1.0 }, { "start": 1302.47, "end": 1302.85, "word": " I", "probability": 0.6494140625 }, { "start": 1302.85, "end": 1303.01, "word": " mean,", "probability": 1.0 }, { "start": 1303.15, "end": 1303.19, "word": " they", "probability": 1.0 }, { "start": 1303.19, "end": 1303.37, "word": " went", "probability": 1.0 }, { "start": 1303.37, "end": 1303.55, "word": " down", "probability": 1.0 }, { "start": 1303.55, "end": 1303.67, "word": " in", "probability": 1.0 }, { "start": 1303.67, "end": 1303.97, "word": " 2022,", "probability": 0.99853515625 }, { "start": 1303.97, "end": 1304.33, "word": " for", "probability": 1.0 } ] }, { "start": 1304.33, "end": 1309.43, "text": "example. They can get over their skis for a period of time. Gold can go down versus the", "speaker_id": "Speaker 1", "words": [ { "start": 1304.33, "end": 1304.69, "word": " example.", "probability": 1.0 }, { "start": 1305.29, "end": 1305.69, "word": " They", "probability": 0.99609375 }, { "start": 1305.69, "end": 1305.83, "word": " can", "probability": 1.0 }, { "start": 1305.83, "end": 1306.51, "word": " get", "probability": 0.59033203125 }, { "start": 1306.51, "end": 1306.69, "word": " over", "probability": 1.0 }, { "start": 1306.69, "end": 1306.85, "word": " their", "probability": 0.9990234375 }, { "start": 1306.85, "end": 1307.13, "word": " skis", "probability": 0.981689453125 }, { "start": 1307.13, "end": 1307.27, "word": " for", "probability": 1.0 }, { "start": 1307.27, "end": 1307.35, "word": " a", "probability": 1.0 }, { "start": 1307.35, "end": 1307.47, "word": " period", "probability": 1.0 }, { "start": 1307.47, "end": 1307.57, "word": " of", "probability": 1.0 }, { "start": 1307.57, "end": 1307.85, "word": " time.", "probability": 1.0 }, { "start": 1308.25, "end": 1308.47, "word": " Gold", "probability": 0.99853515625 }, { "start": 1308.47, "end": 1308.65, "word": " can", "probability": 1.0 }, { "start": 1308.65, "end": 1308.79, "word": " go", "probability": 1.0 }, { "start": 1308.79, "end": 1309.03, "word": " down", "probability": 1.0 }, { "start": 1309.03, "end": 1309.29, "word": " versus", "probability": 0.99169921875 }, { "start": 1309.29, "end": 1309.43, "word": " the", "probability": 0.93115234375 } ] }, { "start": 1309.43, "end": 1314.05, "text": "dollar. I mean, when it goes from $2 ,000 to $5 ,000 as quickly as it did, as big of a", "speaker_id": "Speaker 1", "words": [ { "start": 1309.43, "end": 1309.63, "word": " dollar.", "probability": 0.99951171875 }, { "start": 1309.77, "end": 1309.79, "word": " I", "probability": 0.97509765625 }, { "start": 1309.79, "end": 1309.87, "word": " mean,", "probability": 1.0 }, { "start": 1309.97, "end": 1310.03, "word": " when", "probability": 1.0 }, { "start": 1310.03, "end": 1310.13, "word": " it", "probability": 1.0 }, { "start": 1310.13, "end": 1311.03, "word": " goes", "probability": 0.99951171875 }, { "start": 1311.03, "end": 1311.17, "word": " from", "probability": 1.0 }, { "start": 1311.17, "end": 1311.37, "word": " $2", "probability": 0.793701171875 }, { "start": 1311.37, "end": 1311.67, "word": ",000", "probability": 1.0 }, { "start": 1311.67, "end": 1311.81, "word": " to", "probability": 1.0 }, { "start": 1311.81, "end": 1312.05, "word": " $5", "probability": 0.9990234375 }, { "start": 1312.05, "end": 1312.45, "word": ",000", "probability": 1.0 }, { "start": 1312.45, "end": 1312.65, "word": " as", "probability": 0.495849609375 }, { "start": 1312.65, "end": 1312.87, "word": " quickly", "probability": 1.0 }, { "start": 1312.87, "end": 1313.05, "word": " as", "probability": 1.0 }, { "start": 1313.05, "end": 1313.15, "word": " it", "probability": 1.0 }, { "start": 1313.15, "end": 1313.33, "word": " did,", "probability": 1.0 }, { "start": 1313.43, "end": 1313.57, "word": " as", "probability": 0.99951171875 }, { "start": 1313.57, "end": 1313.85, "word": " big", "probability": 1.0 }, { "start": 1313.85, "end": 1313.95, "word": " of", "probability": 1.0 }, { "start": 1313.95, "end": 1314.05, "word": " a", "probability": 1.0 } ] }, { "start": 1314.05, "end": 1317.77, "text": "market as it did, that needs time to take a breather.", "speaker_id": "Speaker 1", "words": [ { "start": 1314.05, "end": 1314.33, "word": " market", "probability": 1.0 }, { "start": 1314.33, "end": 1314.53, "word": " as", "probability": 1.0 }, { "start": 1314.53, "end": 1314.65, "word": " it", "probability": 1.0 }, { "start": 1314.65, "end": 1314.93, "word": " did,", "probability": 1.0 }, { "start": 1315.69, "end": 1315.89, "word": " that", "probability": 0.99267578125 }, { "start": 1315.89, "end": 1316.51, "word": " needs", "probability": 0.98583984375 }, { "start": 1316.51, "end": 1316.85, "word": " time", "probability": 1.0 }, { "start": 1316.85, "end": 1317.07, "word": " to", "probability": 1.0 }, { "start": 1317.07, "end": 1317.27, "word": " take", "probability": 1.0 }, { "start": 1317.27, "end": 1317.39, "word": " a", "probability": 1.0 }, { "start": 1317.39, "end": 1317.77, "word": " breather.", "probability": 1.0 } ] }, { "start": 1319.27, "end": 1325.37, "text": "And so I do generally fade the doomer narratives of like sell all your stocks, just own", "speaker_id": "Speaker 1", "words": [ { "start": 1319.27, "end": 1319.67, "word": " And", "probability": 0.9794921875 }, { "start": 1319.67, "end": 1319.79, "word": " so", "probability": 1.0 }, { "start": 1319.79, "end": 1319.97, "word": " I", "probability": 0.931640625 }, { "start": 1319.97, "end": 1320.31, "word": " do", "probability": 1.0 }, { "start": 1320.31, "end": 1320.59, "word": " generally", "probability": 0.99658203125 }, { "start": 1320.59, "end": 1321.03, "word": " fade", "probability": 1.0 }, { "start": 1321.03, "end": 1322.19, "word": " the", "probability": 0.99951171875 }, { "start": 1322.19, "end": 1322.71, "word": " doomer", "probability": 0.797119140625 }, { "start": 1322.71, "end": 1323.09, "word": " narratives", "probability": 0.99951171875 }, { "start": 1323.09, "end": 1323.33, "word": " of", "probability": 0.99951171875 }, { "start": 1323.33, "end": 1323.61, "word": " like", "probability": 0.716796875 }, { "start": 1323.61, "end": 1324.19, "word": " sell", "probability": 0.60595703125 }, { "start": 1324.19, "end": 1324.35, "word": " all", "probability": 1.0 }, { "start": 1324.35, "end": 1324.45, "word": " your", "probability": 1.0 }, { "start": 1324.45, "end": 1324.91, "word": " stocks,", "probability": 1.0 }, { "start": 1325.07, "end": 1325.15, "word": " just", "probability": 1.0 }, { "start": 1325.15, "end": 1325.37, "word": " own", "probability": 0.98486328125 } ] }, { "start": 1325.37, "end": 1332.15, "text": "gold, the reckoning is just around the corner. it's more like we're identifying", "speaker_id": "Speaker 1", "words": [ { "start": 1325.37, "end": 1325.85, "word": " gold,", "probability": 0.99951171875 }, { "start": 1326.21, "end": 1327.29, "word": " the", "probability": 0.896484375 }, { "start": 1327.29, "end": 1328.43, "word": " reckoning", "probability": 0.997314453125 }, { "start": 1328.43, "end": 1328.55, "word": " is", "probability": 0.56103515625 }, { "start": 1328.55, "end": 1328.65, "word": " just", "probability": 1.0 }, { "start": 1328.65, "end": 1328.81, "word": " around", "probability": 1.0 }, { "start": 1328.81, "end": 1328.93, "word": " the", "probability": 1.0 }, { "start": 1328.93, "end": 1329.23, "word": " corner.", "probability": 1.0 }, { "start": 1329.23, "end": 1330.05, "word": " it's", "probability": 0.6802978515625 }, { "start": 1330.05, "end": 1330.27, "word": " more", "probability": 0.9990234375 }, { "start": 1330.27, "end": 1330.67, "word": " like", "probability": 0.998046875 }, { "start": 1330.67, "end": 1331.07, "word": " we're", "probability": 0.95361328125 }, { "start": 1331.07, "end": 1332.15, "word": " identifying", "probability": 0.9951171875 } ] }, { "start": 1332.15, "end": 1337.19, "text": "that we're going to run at a hot environment which has winners and losers and and generally", "speaker_id": "Speaker 1", "words": [ { "start": 1332.15, "end": 1332.43, "word": " that", "probability": 0.9990234375 }, { "start": 1332.43, "end": 1332.55, "word": " we're", "probability": 1.0 }, { "start": 1332.55, "end": 1332.61, "word": " going", "probability": 0.560546875 }, { "start": 1332.61, "end": 1332.67, "word": " to", "probability": 1.0 }, { "start": 1332.67, "end": 1332.85, "word": " run", "probability": 1.0 }, { "start": 1332.85, "end": 1332.95, "word": " at", "probability": 0.372314453125 }, { "start": 1332.95, "end": 1333.01, "word": " a", "probability": 0.99951171875 }, { "start": 1333.01, "end": 1333.19, "word": " hot", "probability": 0.99951171875 }, { "start": 1333.19, "end": 1333.63, "word": " environment", "probability": 1.0 }, { "start": 1333.63, "end": 1334.75, "word": " which", "probability": 0.58984375 }, { "start": 1334.75, "end": 1334.99, "word": " has", "probability": 1.0 }, { "start": 1334.99, "end": 1335.25, "word": " winners", "probability": 0.99951171875 }, { "start": 1335.25, "end": 1335.43, "word": " and", "probability": 0.99951171875 }, { "start": 1335.43, "end": 1335.73, "word": " losers", "probability": 0.9970703125 }, { "start": 1335.73, "end": 1336.73, "word": " and", "probability": 0.6103515625 }, { "start": 1336.73, "end": 1336.93, "word": " and", "probability": 0.17333984375 }, { "start": 1336.93, "end": 1337.19, "word": " generally", "probability": 0.99853515625 } ] }, { "start": 1337.19, "end": 1343.69, "text": "speaking hard assets have been the winners so owning gold uh you know let's say since covid", "speaker_id": "Speaker 1", "words": [ { "start": 1337.19, "end": 1337.67, "word": " speaking", "probability": 1.0 }, { "start": 1337.67, "end": 1338.59, "word": " hard", "probability": 0.99755859375 }, { "start": 1338.59, "end": 1338.95, "word": " assets", "probability": 1.0 }, { "start": 1338.95, "end": 1339.17, "word": " have", "probability": 1.0 }, { "start": 1339.17, "end": 1339.29, "word": " been", "probability": 0.99951171875 }, { "start": 1339.29, "end": 1339.41, "word": " the", "probability": 1.0 }, { "start": 1339.41, "end": 1339.71, "word": " winners", "probability": 0.99951171875 }, { "start": 1339.71, "end": 1340.27, "word": " so", "probability": 0.99462890625 }, { "start": 1340.27, "end": 1341.03, "word": " owning", "probability": 0.9990234375 }, { "start": 1341.03, "end": 1341.47, "word": " gold", "probability": 0.99951171875 }, { "start": 1341.47, "end": 1342.11, "word": " uh", "probability": 0.91748046875 }, { "start": 1342.11, "end": 1342.81, "word": " you", "probability": 0.962890625 }, { "start": 1342.81, "end": 1342.85, "word": " know", "probability": 0.99951171875 }, { "start": 1342.85, "end": 1343.03, "word": " let's", "probability": 1.0 }, { "start": 1343.03, "end": 1343.15, "word": " say", "probability": 0.99951171875 }, { "start": 1343.15, "end": 1343.39, "word": " since", "probability": 0.99951171875 }, { "start": 1343.39, "end": 1343.69, "word": " covid", "probability": 0.77392578125 } ] }, { "start": 1343.69, "end": 1349.89, "text": "so for example owning gold owning bitcoin owning high quality equities um uh owning the", "speaker_id": "Speaker 1", "words": [ { "start": 1343.69, "end": 1343.89, "word": " so", "probability": 0.9990234375 }, { "start": 1343.89, "end": 1344.03, "word": " for", "probability": 1.0 }, { "start": 1344.03, "end": 1344.19, "word": " example", "probability": 0.99072265625 }, { "start": 1344.19, "end": 1344.51, "word": " owning", "probability": 0.99951171875 }, { "start": 1344.51, "end": 1344.83, "word": " gold", "probability": 0.99951171875 }, { "start": 1344.83, "end": 1345.19, "word": " owning", "probability": 0.99658203125 }, { "start": 1345.19, "end": 1345.65, "word": " bitcoin", "probability": 0.99755859375 }, { "start": 1345.65, "end": 1346.37, "word": " owning", "probability": 0.9990234375 }, { "start": 1346.37, "end": 1346.89, "word": " high", "probability": 1.0 }, { "start": 1346.89, "end": 1347.21, "word": " quality", "probability": 0.99072265625 }, { "start": 1347.21, "end": 1347.71, "word": " equities", "probability": 0.99853515625 }, { "start": 1347.71, "end": 1348.59, "word": " um", "probability": 0.9892578125 }, { "start": 1348.59, "end": 1349.15, "word": " uh", "probability": 0.9814453125 }, { "start": 1349.15, "end": 1349.75, "word": " owning", "probability": 0.99951171875 }, { "start": 1349.75, "end": 1349.89, "word": " the", "probability": 1.0 } ] }, { "start": 1349.89, "end": 1354.83, "text": "best real estate with you know a fixed rate like fiat debt attached to it those of all", "speaker_id": "Speaker 1", "words": [ { "start": 1349.89, "end": 1350.11, "word": " best", "probability": 0.9990234375 }, { "start": 1350.11, "end": 1350.33, "word": " real", "probability": 1.0 }, { "start": 1350.33, "end": 1350.65, "word": " estate", "probability": 0.99267578125 }, { "start": 1350.65, "end": 1351.29, "word": " with", "probability": 1.0 }, { "start": 1351.29, "end": 1351.49, "word": " you", "probability": 0.9990234375 }, { "start": 1351.49, "end": 1351.55, "word": " know", "probability": 0.990234375 }, { "start": 1351.55, "end": 1351.91, "word": " a", "probability": 0.9990234375 }, { "start": 1351.91, "end": 1352.47, "word": " fixed", "probability": 0.986328125 }, { "start": 1352.47, "end": 1352.75, "word": " rate", "probability": 0.9921875 }, { "start": 1352.75, "end": 1353.07, "word": " like", "probability": 0.9833984375 }, { "start": 1353.07, "end": 1353.33, "word": " fiat", "probability": 0.999267578125 }, { "start": 1353.33, "end": 1353.51, "word": " debt", "probability": 0.98779296875 }, { "start": 1353.51, "end": 1353.85, "word": " attached", "probability": 0.99951171875 }, { "start": 1353.85, "end": 1353.99, "word": " to", "probability": 1.0 }, { "start": 1353.99, "end": 1354.09, "word": " it", "probability": 0.99755859375 }, { "start": 1354.09, "end": 1354.55, "word": " those", "probability": 0.9990234375 }, { "start": 1354.55, "end": 1354.67, "word": " of", "probability": 0.317626953125 }, { "start": 1354.67, "end": 1354.83, "word": " all", "probability": 0.98828125 } ] }, { "start": 1354.83, "end": 1359.85, "text": "generally good trades to do and it's been one of the worst five or six year stretches to", "speaker_id": "Speaker 1", "words": [ { "start": 1354.83, "end": 1355.41, "word": " generally", "probability": 0.71728515625 }, { "start": 1355.41, "end": 1355.79, "word": " good", "probability": 0.9990234375 }, { "start": 1355.79, "end": 1356.17, "word": " trades", "probability": 0.99951171875 }, { "start": 1356.17, "end": 1356.33, "word": " to", "probability": 1.0 }, { "start": 1356.33, "end": 1356.63, "word": " do", "probability": 1.0 }, { "start": 1356.63, "end": 1357.27, "word": " and", "probability": 0.4287109375 }, { "start": 1357.27, "end": 1357.45, "word": " it's", "probability": 0.99755859375 }, { "start": 1357.45, "end": 1357.57, "word": " been", "probability": 0.99951171875 }, { "start": 1357.57, "end": 1357.75, "word": " one", "probability": 0.99951171875 }, { "start": 1357.75, "end": 1357.83, "word": " of", "probability": 1.0 }, { "start": 1357.83, "end": 1357.91, "word": " the", "probability": 1.0 }, { "start": 1357.91, "end": 1358.21, "word": " worst", "probability": 0.99951171875 }, { "start": 1358.21, "end": 1358.71, "word": " five", "probability": 0.97119140625 }, { "start": 1358.71, "end": 1358.87, "word": " or", "probability": 0.9873046875 }, { "start": 1358.87, "end": 1359.01, "word": " six", "probability": 0.9990234375 }, { "start": 1359.01, "end": 1359.19, "word": " year", "probability": 0.7978515625 }, { "start": 1359.19, "end": 1359.57, "word": " stretches", "probability": 0.9931640625 }, { "start": 1359.57, "end": 1359.85, "word": " to", "probability": 0.99951171875 } ] }, { "start": 1359.85, "end": 1366.73, "text": "hold bonds like in in our parents and grandparents lifetimes it like the the it's been a", "speaker_id": "Speaker 1", "words": [ { "start": 1359.85, "end": 1360.07, "word": " hold", "probability": 0.99609375 }, { "start": 1360.07, "end": 1360.59, "word": " bonds", "probability": 0.99853515625 }, { "start": 1360.59, "end": 1361.39, "word": " like", "probability": 0.74365234375 }, { "start": 1361.39, "end": 1361.77, "word": " in", "probability": 0.9990234375 }, { "start": 1361.77, "end": 1362.05, "word": " in", "probability": 0.468994140625 }, { "start": 1362.05, "end": 1362.47, "word": " our", "probability": 0.97998046875 }, { "start": 1362.47, "end": 1362.83, "word": " parents", "probability": 0.9990234375 }, { "start": 1362.83, "end": 1362.99, "word": " and", "probability": 0.99169921875 }, { "start": 1362.99, "end": 1363.41, "word": " grandparents", "probability": 0.9833984375 }, { "start": 1363.41, "end": 1364.05, "word": " lifetimes", "probability": 0.9970703125 }, { "start": 1364.05, "end": 1364.57, "word": " it", "probability": 0.96044921875 }, { "start": 1364.57, "end": 1364.79, "word": " like", "probability": 0.8681640625 }, { "start": 1364.79, "end": 1365.07, "word": " the", "probability": 0.99853515625 }, { "start": 1365.07, "end": 1365.43, "word": " the", "probability": 0.96533203125 }, { "start": 1365.43, "end": 1366.47, "word": " it's", "probability": 0.999755859375 }, { "start": 1366.47, "end": 1366.59, "word": " been", "probability": 1.0 }, { "start": 1366.59, "end": 1366.73, "word": " a", "probability": 1.0 } ] }, { "start": 1366.73, "end": 1372.93, "text": "massive bond bear market both in nominal terms and especially in real terms um and um and", "speaker_id": "Speaker 1", "words": [ { "start": 1366.73, "end": 1367.07, "word": " massive", "probability": 0.9990234375 }, { "start": 1367.07, "end": 1367.41, "word": " bond", "probability": 0.9990234375 }, { "start": 1367.41, "end": 1367.61, "word": " bear", "probability": 0.990234375 }, { "start": 1367.61, "end": 1367.95, "word": " market", "probability": 1.0 }, { "start": 1367.95, "end": 1368.15, "word": " both", "probability": 0.99951171875 }, { "start": 1368.15, "end": 1368.31, "word": " in", "probability": 0.99853515625 }, { "start": 1368.31, "end": 1368.61, "word": " nominal", "probability": 1.0 }, { "start": 1368.61, "end": 1368.99, "word": " terms", "probability": 1.0 }, { "start": 1368.99, "end": 1369.15, "word": " and", "probability": 1.0 }, { "start": 1369.15, "end": 1369.51, "word": " especially", "probability": 0.828125 }, { "start": 1369.51, "end": 1369.73, "word": " in", "probability": 1.0 }, { "start": 1369.73, "end": 1369.91, "word": " real", "probability": 0.99853515625 }, { "start": 1369.91, "end": 1370.31, "word": " terms", "probability": 0.99951171875 }, { "start": 1370.31, "end": 1371.17, "word": " um", "probability": 0.8818359375 }, { "start": 1371.17, "end": 1372.15, "word": " and", "probability": 1.0 }, { "start": 1372.15, "end": 1372.55, "word": " um", "probability": 0.89453125 }, { "start": 1372.55, "end": 1372.93, "word": " and", "probability": 0.9853515625 } ] }, { "start": 1372.93, "end": 1377.21, "text": "you know i think that the the degree of that's probably over i mean when you go from like", "speaker_id": "Speaker 1", "words": [ { "start": 1372.93, "end": 1373.31, "word": " you", "probability": 0.98779296875 }, { "start": 1373.31, "end": 1373.31, "word": " know", "probability": 1.0 }, { "start": 1373.31, "end": 1373.39, "word": " i", "probability": 0.94970703125 }, { "start": 1373.39, "end": 1373.49, "word": " think", "probability": 1.0 }, { "start": 1373.49, "end": 1373.67, "word": " that", "probability": 1.0 }, { "start": 1373.67, "end": 1374.49, "word": " the", "probability": 0.99853515625 }, { "start": 1374.49, "end": 1374.75, "word": " the", "probability": 0.92724609375 }, { "start": 1374.75, "end": 1375.03, "word": " degree", "probability": 1.0 }, { "start": 1375.03, "end": 1375.19, "word": " of", "probability": 0.99951171875 }, { "start": 1375.19, "end": 1375.43, "word": " that's", "probability": 0.99951171875 }, { "start": 1375.43, "end": 1375.73, "word": " probably", "probability": 0.99951171875 }, { "start": 1375.73, "end": 1376.01, "word": " over", "probability": 1.0 }, { "start": 1376.01, "end": 1376.17, "word": " i", "probability": 0.9990234375 }, { "start": 1376.17, "end": 1376.25, "word": " mean", "probability": 0.9990234375 }, { "start": 1376.25, "end": 1376.45, "word": " when", "probability": 0.99365234375 }, { "start": 1376.45, "end": 1376.51, "word": " you", "probability": 0.99951171875 }, { "start": 1376.51, "end": 1376.65, "word": " go", "probability": 1.0 }, { "start": 1376.65, "end": 1376.79, "word": " from", "probability": 0.9990234375 }, { "start": 1376.79, "end": 1377.21, "word": " like", "probability": 0.99365234375 } ] }, { "start": 1377.21, "end": 1383.95, "text": "almost zero rates to 5 % on the 10 -year, a lot of that move is over. But", "speaker_id": "Speaker 1", "words": [ { "start": 1377.21, "end": 1377.47, "word": " almost", "probability": 0.99951171875 }, { "start": 1377.47, "end": 1377.75, "word": " zero", "probability": 1.0 }, { "start": 1377.75, "end": 1378.11, "word": " rates", "probability": 0.8916015625 }, { "start": 1378.11, "end": 1378.35, "word": " to", "probability": 0.99560546875 }, { "start": 1378.35, "end": 1379.21, "word": " 5", "probability": 0.6376953125 }, { "start": 1379.21, "end": 1379.49, "word": "%", "probability": 0.994140625 }, { "start": 1379.49, "end": 1379.67, "word": " on", "probability": 0.98681640625 }, { "start": 1379.67, "end": 1379.75, "word": " the", "probability": 0.99951171875 }, { "start": 1379.75, "end": 1379.95, "word": " 10", "probability": 0.92529296875 }, { "start": 1379.95, "end": 1380.11, "word": "-year,", "probability": 0.847900390625 }, { "start": 1380.29, "end": 1381.37, "word": " a", "probability": 0.99853515625 }, { "start": 1381.37, "end": 1381.49, "word": " lot", "probability": 1.0 }, { "start": 1381.49, "end": 1381.57, "word": " of", "probability": 1.0 }, { "start": 1381.57, "end": 1381.69, "word": " that", "probability": 1.0 }, { "start": 1381.69, "end": 1381.87, "word": " move", "probability": 0.99755859375 }, { "start": 1381.87, "end": 1382.19, "word": " is", "probability": 1.0 }, { "start": 1382.19, "end": 1382.59, "word": " over.", "probability": 0.99853515625 }, { "start": 1383.47, "end": 1383.95, "word": " But", "probability": 0.95263671875 } ] }, { "start": 1383.95, "end": 1389.85, "text": "we're still in this kind of fiscal dominance phase, which does continue to some degree", "speaker_id": "Speaker 1", "words": [ { "start": 1383.95, "end": 1384.39, "word": " we're", "probability": 0.994140625 }, { "start": 1384.39, "end": 1384.61, "word": " still", "probability": 0.99951171875 }, { "start": 1384.61, "end": 1384.77, "word": " in", "probability": 0.998046875 }, { "start": 1384.77, "end": 1384.89, "word": " this", "probability": 0.9970703125 }, { "start": 1384.89, "end": 1385.01, "word": " kind", "probability": 0.57177734375 }, { "start": 1385.01, "end": 1385.11, "word": " of", "probability": 0.99951171875 }, { "start": 1385.11, "end": 1385.35, "word": " fiscal", "probability": 0.98681640625 }, { "start": 1385.35, "end": 1385.81, "word": " dominance", "probability": 0.95458984375 }, { "start": 1385.81, "end": 1387.39, "word": " phase,", "probability": 0.99951171875 }, { "start": 1387.39, "end": 1388.61, "word": " which", "probability": 1.0 }, { "start": 1388.61, "end": 1388.85, "word": " does", "probability": 1.0 }, { "start": 1388.85, "end": 1389.33, "word": " continue", "probability": 1.0 }, { "start": 1389.33, "end": 1389.49, "word": " to", "probability": 0.87548828125 }, { "start": 1389.49, "end": 1389.65, "word": " some", "probability": 0.99951171875 }, { "start": 1389.65, "end": 1389.85, "word": " degree", "probability": 1.0 } ] }, { "start": 1389.85, "end": 1396.73, "text": "fueling equities. And so that's why I've been a long -term equity bull, despite", "speaker_id": "Speaker 1", "words": [ { "start": 1389.85, "end": 1390.35, "word": " fueling", "probability": 0.9677734375 }, { "start": 1390.35, "end": 1390.81, "word": " equities.", "probability": 0.99951171875 }, { "start": 1391.81, "end": 1392.29, "word": " And", "probability": 0.8095703125 }, { "start": 1392.29, "end": 1392.43, "word": " so", "probability": 0.9990234375 }, { "start": 1392.43, "end": 1392.69, "word": " that's", "probability": 0.97900390625 }, { "start": 1392.69, "end": 1392.83, "word": " why", "probability": 0.99951171875 }, { "start": 1392.83, "end": 1393.51, "word": " I've", "probability": 0.99951171875 }, { "start": 1393.51, "end": 1393.99, "word": " been", "probability": 0.9921875 }, { "start": 1393.99, "end": 1394.11, "word": " a", "probability": 0.99951171875 }, { "start": 1394.11, "end": 1394.37, "word": " long", "probability": 1.0 }, { "start": 1394.37, "end": 1394.55, "word": "-term", "probability": 0.99462890625 }, { "start": 1394.55, "end": 1394.91, "word": " equity", "probability": 0.99951171875 }, { "start": 1394.91, "end": 1395.35, "word": " bull,", "probability": 0.970703125 }, { "start": 1395.55, "end": 1396.73, "word": " despite", "probability": 1.0 } ] }, { "start": 1396.73, "end": 1401.35, "text": "raising concerns around various things, because like anyone who studies emerging markets,", "speaker_id": "Speaker 1", "words": [ { "start": 1396.73, "end": 1397.29, "word": " raising", "probability": 0.99951171875 }, { "start": 1397.29, "end": 1397.79, "word": " concerns", "probability": 1.0 }, { "start": 1397.79, "end": 1398.03, "word": " around", "probability": 1.0 }, { "start": 1398.03, "end": 1398.37, "word": " various", "probability": 1.0 }, { "start": 1398.37, "end": 1398.69, "word": " things,", "probability": 1.0 }, { "start": 1398.83, "end": 1399.17, "word": " because", "probability": 0.99951171875 }, { "start": 1399.67, "end": 1400.15, "word": " like", "probability": 0.4248046875 }, { "start": 1400.15, "end": 1400.37, "word": " anyone", "probability": 0.9990234375 }, { "start": 1400.37, "end": 1400.49, "word": " who", "probability": 0.99951171875 }, { "start": 1400.49, "end": 1400.71, "word": " studies", "probability": 0.99951171875 }, { "start": 1400.71, "end": 1400.99, "word": " emerging", "probability": 0.998046875 }, { "start": 1400.99, "end": 1401.35, "word": " markets,", "probability": 0.99853515625 } ] }, { "start": 1401.43, "end": 1405.87, "text": "for example, when they have a currency crisis, I mean, their stocks go up in their local", "speaker_id": "Speaker 1", "words": [ { "start": 1401.43, "end": 1401.51, "word": " for", "probability": 1.0 }, { "start": 1401.51, "end": 1401.79, "word": " example,", "probability": 1.0 }, { "start": 1402.15, "end": 1402.51, "word": " when", "probability": 1.0 }, { "start": 1402.51, "end": 1402.59, "word": " they", "probability": 1.0 }, { "start": 1402.59, "end": 1402.69, "word": " have", "probability": 1.0 }, { "start": 1402.69, "end": 1402.77, "word": " a", "probability": 0.9990234375 }, { "start": 1402.77, "end": 1403.09, "word": " currency", "probability": 0.98974609375 }, { "start": 1403.09, "end": 1403.57, "word": " crisis,", "probability": 1.0 }, { "start": 1403.57, "end": 1403.75, "word": " I", "probability": 0.85546875 }, { "start": 1403.75, "end": 1403.85, "word": " mean,", "probability": 1.0 }, { "start": 1403.93, "end": 1403.99, "word": " their", "probability": 1.0 }, { "start": 1403.99, "end": 1404.29, "word": " stocks", "probability": 1.0 }, { "start": 1404.29, "end": 1404.53, "word": " go", "probability": 1.0 }, { "start": 1404.53, "end": 1404.85, "word": " up", "probability": 1.0 }, { "start": 1404.85, "end": 1405.45, "word": " in", "probability": 0.99951171875 }, { "start": 1405.45, "end": 1405.59, "word": " their", "probability": 1.0 }, { "start": 1405.59, "end": 1405.87, "word": " local", "probability": 1.0 } ] }, { "start": 1405.87, "end": 1410.19, "text": "currency terms. They might go down in dollar terms. They might go down in gold terms, but", "speaker_id": "Speaker 1", "words": [ { "start": 1405.87, "end": 1406.21, "word": " currency", "probability": 1.0 }, { "start": 1406.21, "end": 1406.49, "word": " terms.", "probability": 1.0 }, { "start": 1406.69, "end": 1406.75, "word": " They", "probability": 1.0 }, { "start": 1406.75, "end": 1406.91, "word": " might", "probability": 0.91357421875 }, { "start": 1406.91, "end": 1407.03, "word": " go", "probability": 1.0 }, { "start": 1407.03, "end": 1407.25, "word": " down", "probability": 1.0 }, { "start": 1407.25, "end": 1407.37, "word": " in", "probability": 1.0 }, { "start": 1407.37, "end": 1407.59, "word": " dollar", "probability": 1.0 }, { "start": 1407.59, "end": 1407.91, "word": " terms.", "probability": 1.0 }, { "start": 1407.97, "end": 1408.05, "word": " They", "probability": 0.99951171875 }, { "start": 1408.05, "end": 1408.17, "word": " might", "probability": 0.75537109375 }, { "start": 1408.17, "end": 1408.27, "word": " go", "probability": 1.0 }, { "start": 1408.27, "end": 1408.47, "word": " down", "probability": 1.0 }, { "start": 1408.47, "end": 1408.61, "word": " in", "probability": 1.0 }, { "start": 1408.61, "end": 1408.81, "word": " gold", "probability": 0.99951171875 }, { "start": 1408.81, "end": 1409.21, "word": " terms,", "probability": 1.0 }, { "start": 1409.21, "end": 1410.19, "word": " but", "probability": 1.0 } ] }, { "start": 1410.19, "end": 1414.95, "text": "they're often going up in their local currency terms. So I've been a bull on equities and", "speaker_id": "Speaker 1", "words": [ { "start": 1410.19, "end": 1410.33, "word": " they're", "probability": 0.999755859375 }, { "start": 1410.33, "end": 1410.49, "word": " often", "probability": 1.0 }, { "start": 1410.49, "end": 1410.67, "word": " going", "probability": 1.0 }, { "start": 1410.67, "end": 1410.95, "word": " up", "probability": 1.0 }, { "start": 1410.95, "end": 1411.05, "word": " in", "probability": 1.0 }, { "start": 1411.05, "end": 1411.15, "word": " their", "probability": 1.0 }, { "start": 1411.15, "end": 1411.37, "word": " local", "probability": 1.0 }, { "start": 1411.37, "end": 1411.73, "word": " currency", "probability": 1.0 }, { "start": 1411.73, "end": 1412.01, "word": " terms.", "probability": 0.99853515625 }, { "start": 1412.17, "end": 1412.37, "word": " So", "probability": 0.98486328125 }, { "start": 1412.37, "end": 1413.07, "word": " I've", "probability": 0.972412109375 }, { "start": 1413.07, "end": 1413.17, "word": " been", "probability": 1.0 }, { "start": 1413.17, "end": 1413.31, "word": " a", "probability": 1.0 }, { "start": 1413.31, "end": 1413.47, "word": " bull", "probability": 0.9990234375 }, { "start": 1413.47, "end": 1413.79, "word": " on", "probability": 0.99609375 }, { "start": 1413.79, "end": 1414.73, "word": " equities", "probability": 0.97607421875 }, { "start": 1414.73, "end": 1414.95, "word": " and", "probability": 0.9755859375 } ] }, { "start": 1414.95, "end": 1415.07, "text": "gold.", "speaker_id": "Speaker 1", "words": [ { "start": 1414.95, "end": 1415.07, "word": " gold.", "probability": 0.99951171875 } ] }, { "start": 1415.41, "end": 1415.63, "text": "Yeah.", "speaker_id": "Speaker 2", "words": [ { "start": 1415.41, "end": 1415.63, "word": " Yeah.", "probability": 0.908203125 } ] }, { "start": 1417.47, "end": 1424.03, "text": "Well said, because I think that in this sort of world of FinTwit, those people get in their", "speaker_id": "Speaker 2", "words": [ { "start": 1417.47, "end": 1417.87, "word": " Well", "probability": 0.99365234375 }, { "start": 1417.87, "end": 1418.13, "word": " said,", "probability": 1.0 }, { "start": 1418.13, "end": 1418.35, "word": " because", "probability": 0.9990234375 }, { "start": 1418.35, "end": 1418.49, "word": " I", "probability": 1.0 }, { "start": 1418.49, "end": 1418.71, "word": " think", "probability": 1.0 }, { "start": 1418.71, "end": 1418.97, "word": " that", "probability": 1.0 }, { "start": 1418.97, "end": 1419.25, "word": " in", "probability": 1.0 }, { "start": 1419.25, "end": 1419.89, "word": " this", "probability": 0.98291015625 }, { "start": 1419.89, "end": 1420.07, "word": " sort", "probability": 0.92138671875 }, { "start": 1420.07, "end": 1420.27, "word": " of", "probability": 1.0 }, { "start": 1420.27, "end": 1421.69, "word": " world", "probability": 0.72998046875 }, { "start": 1421.69, "end": 1421.99, "word": " of", "probability": 0.99755859375 }, { "start": 1421.99, "end": 1422.43, "word": " FinTwit,", "probability": 0.716552734375 }, { "start": 1422.63, "end": 1422.87, "word": " those", "probability": 0.994140625 }, { "start": 1422.87, "end": 1423.69, "word": " people", "probability": 1.0 }, { "start": 1423.69, "end": 1423.85, "word": " get", "probability": 1.0 }, { "start": 1423.85, "end": 1423.93, "word": " in", "probability": 1.0 }, { "start": 1423.93, "end": 1424.03, "word": " their", "probability": 1.0 } ] }, { "start": 1424.03, "end": 1427.57, "text": "tribes. And I think that's what makes it difficult when you're talking about", "speaker_id": "Speaker 2", "words": [ { "start": 1424.03, "end": 1424.49, "word": " tribes.", "probability": 1.0 }, { "start": 1424.69, "end": 1425.09, "word": " And", "probability": 0.89599609375 }, { "start": 1425.09, "end": 1425.75, "word": " I", "probability": 0.99365234375 }, { "start": 1425.75, "end": 1426.11, "word": " think", "probability": 1.0 }, { "start": 1426.11, "end": 1426.31, "word": " that's", "probability": 1.0 }, { "start": 1426.31, "end": 1426.41, "word": " what", "probability": 1.0 }, { "start": 1426.41, "end": 1426.61, "word": " makes", "probability": 1.0 }, { "start": 1426.61, "end": 1426.71, "word": " it", "probability": 1.0 }, { "start": 1426.71, "end": 1426.99, "word": " difficult", "probability": 1.0 }, { "start": 1426.99, "end": 1427.17, "word": " when", "probability": 1.0 }, { "start": 1427.17, "end": 1427.27, "word": " you're", "probability": 1.0 }, { "start": 1427.27, "end": 1427.41, "word": " talking", "probability": 1.0 }, { "start": 1427.41, "end": 1427.57, "word": " about", "probability": 1.0 } ] }, { "start": 1427.57, "end": 1432.63, "text": "diversification. By the way, Lynn puts a model portfolio up on her newsletter and you're", "speaker_id": "Speaker 2", "words": [ { "start": 1427.57, "end": 1428.29, "word": " diversification.", "probability": 1.0 }, { "start": 1428.29, "end": 1428.73, "word": " By", "probability": 0.99169921875 }, { "start": 1428.73, "end": 1428.81, "word": " the", "probability": 1.0 }, { "start": 1428.81, "end": 1428.95, "word": " way,", "probability": 1.0 }, { "start": 1429.15, "end": 1429.51, "word": " Lynn", "probability": 0.9638671875 }, { "start": 1429.51, "end": 1429.79, "word": " puts", "probability": 1.0 }, { "start": 1429.79, "end": 1430.29, "word": " a", "probability": 1.0 }, { "start": 1430.29, "end": 1430.53, "word": " model", "probability": 0.99951171875 }, { "start": 1430.53, "end": 1431.03, "word": " portfolio", "probability": 1.0 }, { "start": 1431.03, "end": 1431.43, "word": " up", "probability": 1.0 }, { "start": 1431.43, "end": 1431.61, "word": " on", "probability": 1.0 }, { "start": 1431.61, "end": 1431.73, "word": " her", "probability": 1.0 }, { "start": 1431.73, "end": 1432.13, "word": " newsletter", "probability": 1.0 }, { "start": 1432.13, "end": 1432.45, "word": " and", "probability": 0.433349609375 }, { "start": 1432.45, "end": 1432.63, "word": " you're", "probability": 1.0 } ] }, { "start": 1432.63, "end": 1436.01, "text": "very transparent about it, which I think is awesome when you're explaining some of these", "speaker_id": "Speaker 2", "words": [ { "start": 1432.63, "end": 1432.79, "word": " very", "probability": 1.0 }, { "start": 1432.79, "end": 1433.19, "word": " transparent", "probability": 1.0 }, { "start": 1433.19, "end": 1433.43, "word": " about", "probability": 1.0 }, { "start": 1433.43, "end": 1433.55, "word": " it,", "probability": 0.99609375 }, { "start": 1433.59, "end": 1433.65, "word": " which", "probability": 1.0 }, { "start": 1433.65, "end": 1433.75, "word": " I", "probability": 1.0 }, { "start": 1433.75, "end": 1433.85, "word": " think", "probability": 1.0 }, { "start": 1433.85, "end": 1433.99, "word": " is", "probability": 1.0 }, { "start": 1433.99, "end": 1434.33, "word": " awesome", "probability": 1.0 }, { "start": 1434.33, "end": 1434.51, "word": " when", "probability": 0.8359375 }, { "start": 1434.51, "end": 1434.63, "word": " you're", "probability": 1.0 }, { "start": 1434.63, "end": 1435.09, "word": " explaining", "probability": 1.0 }, { "start": 1435.09, "end": 1435.63, "word": " some", "probability": 1.0 }, { "start": 1435.63, "end": 1435.75, "word": " of", "probability": 1.0 }, { "start": 1435.75, "end": 1436.01, "word": " these", "probability": 1.0 } ] }, { "start": 1436.01, "end": 1442.81, "text": "things. You can see some of the areas that she's investing in. Profitable equities. What", "speaker_id": "Speaker 2", "words": [ { "start": 1436.01, "end": 1436.39, "word": " things.", "probability": 1.0 }, { "start": 1436.43, "end": 1436.81, "word": " You", "probability": 0.99267578125 }, { "start": 1436.81, "end": 1436.93, "word": " can", "probability": 0.99560546875 }, { "start": 1436.93, "end": 1437.21, "word": " see", "probability": 1.0 }, { "start": 1437.21, "end": 1437.49, "word": " some", "probability": 1.0 }, { "start": 1437.49, "end": 1437.73, "word": " of", "probability": 1.0 }, { "start": 1437.73, "end": 1438.45, "word": " the", "probability": 1.0 }, { "start": 1438.45, "end": 1438.77, "word": " areas", "probability": 1.0 }, { "start": 1438.77, "end": 1438.99, "word": " that", "probability": 1.0 }, { "start": 1438.99, "end": 1439.19, "word": " she's", "probability": 1.0 }, { "start": 1439.19, "end": 1439.51, "word": " investing", "probability": 1.0 }, { "start": 1439.51, "end": 1439.73, "word": " in.", "probability": 1.0 }, { "start": 1440.37, "end": 1440.89, "word": " Profitable", "probability": 0.998779296875 }, { "start": 1440.89, "end": 1441.61, "word": " equities.", "probability": 0.999755859375 }, { "start": 1442.29, "end": 1442.81, "word": " What", "probability": 0.64013671875 } ] }, { "start": 1442.81, "end": 1448.85, "text": "in a digitized world where intelligence is going to be ubiquitous, what does a profitable", "speaker_id": "Speaker 2", "words": [ { "start": 1442.81, "end": 1443.21, "word": " in", "probability": 0.77685546875 }, { "start": 1443.21, "end": 1443.61, "word": " a", "probability": 0.99755859375 }, { "start": 1443.61, "end": 1444.35, "word": " digitized", "probability": 0.998779296875 }, { "start": 1444.35, "end": 1444.73, "word": " world", "probability": 1.0 }, { "start": 1444.73, "end": 1445.01, "word": " where", "probability": 0.99169921875 }, { "start": 1445.01, "end": 1445.59, "word": " intelligence", "probability": 1.0 }, { "start": 1445.59, "end": 1445.93, "word": " is", "probability": 1.0 }, { "start": 1445.93, "end": 1446.05, "word": " going", "probability": 0.98876953125 }, { "start": 1446.05, "end": 1446.13, "word": " to", "probability": 1.0 }, { "start": 1446.13, "end": 1446.25, "word": " be", "probability": 1.0 }, { "start": 1446.25, "end": 1446.79, "word": " ubiquitous,", "probability": 1.0 }, { "start": 1446.87, "end": 1447.13, "word": " what", "probability": 1.0 }, { "start": 1447.13, "end": 1447.49, "word": " does", "probability": 1.0 }, { "start": 1447.49, "end": 1448.17, "word": " a", "probability": 1.0 }, { "start": 1448.17, "end": 1448.85, "word": " profitable", "probability": 1.0 } ] }, { "start": 1448.85, "end": 1455.65, "text": "moat look like? Is that still what we're looking for? Because it seems like", "speaker_id": "Speaker 2", "words": [ { "start": 1448.85, "end": 1450.65, "word": " moat", "probability": 0.95166015625 }, { "start": 1450.65, "end": 1450.99, "word": " look", "probability": 1.0 }, { "start": 1450.99, "end": 1451.33, "word": " like?", "probability": 1.0 }, { "start": 1451.45, "end": 1451.75, "word": " Is", "probability": 0.334228515625 }, { "start": 1451.75, "end": 1451.91, "word": " that", "probability": 1.0 }, { "start": 1451.91, "end": 1452.37, "word": " still", "probability": 1.0 }, { "start": 1452.37, "end": 1452.55, "word": " what", "probability": 1.0 }, { "start": 1452.55, "end": 1452.71, "word": " we're", "probability": 1.0 }, { "start": 1452.71, "end": 1452.95, "word": " looking", "probability": 1.0 }, { "start": 1452.95, "end": 1453.41, "word": " for?", "probability": 1.0 }, { "start": 1454.49, "end": 1455.01, "word": " Because", "probability": 0.99609375 }, { "start": 1455.01, "end": 1455.19, "word": " it", "probability": 1.0 }, { "start": 1455.19, "end": 1455.45, "word": " seems", "probability": 1.0 }, { "start": 1455.45, "end": 1455.65, "word": " like", "probability": 1.0 } ] }, { "start": 1455.65, "end": 1457.77, "text": "it's hard to know now what that's going to be.", "speaker_id": "Speaker 2", "words": [ { "start": 1455.65, "end": 1455.89, "word": " it's", "probability": 1.0 }, { "start": 1455.89, "end": 1456.13, "word": " hard", "probability": 1.0 }, { "start": 1456.13, "end": 1456.31, "word": " to", "probability": 1.0 }, { "start": 1456.31, "end": 1456.53, "word": " know", "probability": 1.0 }, { "start": 1456.53, "end": 1456.77, "word": " now", "probability": 1.0 }, { "start": 1456.77, "end": 1456.99, "word": " what", "probability": 1.0 }, { "start": 1456.99, "end": 1457.25, "word": " that's", "probability": 1.0 }, { "start": 1457.25, "end": 1457.41, "word": " going", "probability": 1.0 }, { "start": 1457.41, "end": 1457.53, "word": " to", "probability": 1.0 }, { "start": 1457.53, "end": 1457.77, "word": " be.", "probability": 1.0 } ] }, { "start": 1458.29, "end": 1461.41, "text": "good question i mean for example like the the semiconductor companies are incredibly", "speaker_id": "Speaker 1", "words": [ { "start": 1458.29, "end": 1458.43, "word": " good", "probability": 0.122802734375 }, { "start": 1458.43, "end": 1458.73, "word": " question", "probability": 0.99951171875 }, { "start": 1458.73, "end": 1458.85, "word": " i", "probability": 0.509765625 }, { "start": 1458.85, "end": 1458.93, "word": " mean", "probability": 1.0 }, { "start": 1458.93, "end": 1459.07, "word": " for", "probability": 1.0 }, { "start": 1459.07, "end": 1459.41, "word": " example", "probability": 1.0 }, { "start": 1459.41, "end": 1459.65, "word": " like", "probability": 0.998046875 }, { "start": 1459.65, "end": 1459.83, "word": " the", "probability": 1.0 }, { "start": 1459.83, "end": 1460.03, "word": " the", "probability": 0.9609375 }, { "start": 1460.03, "end": 1460.43, "word": " semiconductor", "probability": 0.9990234375 }, { "start": 1460.43, "end": 1460.95, "word": " companies", "probability": 1.0 }, { "start": 1460.95, "end": 1461.13, "word": " are", "probability": 1.0 }, { "start": 1461.13, "end": 1461.41, "word": " incredibly", "probability": 1.0 } ] }, { "start": 1461.41, "end": 1467.93, "text": "profitable um uh and the reason i put that there and that's a phrase i've been using since", "speaker_id": "Speaker 1", "words": [ { "start": 1461.41, "end": 1461.89, "word": " profitable", "probability": 0.9990234375 }, { "start": 1462.51, "end": 1462.99, "word": " um", "probability": 0.986328125 }, { "start": 1462.99, "end": 1463.47, "word": " uh", "probability": 0.97802734375 }, { "start": 1463.47, "end": 1463.95, "word": " and", "probability": 1.0 }, { "start": 1463.95, "end": 1464.31, "word": " the", "probability": 1.0 }, { "start": 1464.31, "end": 1464.63, "word": " reason", "probability": 0.99853515625 }, { "start": 1464.63, "end": 1464.75, "word": " i", "probability": 0.99951171875 }, { "start": 1464.75, "end": 1464.89, "word": " put", "probability": 1.0 }, { "start": 1464.89, "end": 1465.09, "word": " that", "probability": 1.0 }, { "start": 1465.09, "end": 1465.33, "word": " there", "probability": 0.99951171875 }, { "start": 1465.33, "end": 1466.49, "word": " and", "probability": 1.0 }, { "start": 1466.49, "end": 1466.83, "word": " that's", "probability": 1.0 }, { "start": 1466.83, "end": 1466.91, "word": " a", "probability": 0.96533203125 }, { "start": 1466.91, "end": 1467.15, "word": " phrase", "probability": 0.99853515625 }, { "start": 1467.15, "end": 1467.33, "word": " i've", "probability": 1.0 }, { "start": 1467.33, "end": 1467.41, "word": " been", "probability": 1.0 }, { "start": 1467.41, "end": 1467.63, "word": " using", "probability": 1.0 }, { "start": 1467.63, "end": 1467.93, "word": " since", "probability": 1.0 } ] }, { "start": 1467.93, "end": 1473.27, "text": "like the 2010s really there's this long stretch of just owning unprofitable companies", "speaker_id": "Speaker 1", "words": [ { "start": 1467.93, "end": 1468.05, "word": " like", "probability": 1.0 }, { "start": 1468.05, "end": 1468.17, "word": " the", "probability": 0.998046875 }, { "start": 1468.17, "end": 1468.87, "word": " 2010s", "probability": 0.9970703125 }, { "start": 1468.87, "end": 1469.11, "word": " really", "probability": 0.998046875 }, { "start": 1469.11, "end": 1470.15, "word": " there's", "probability": 0.78955078125 }, { "start": 1470.15, "end": 1470.29, "word": " this", "probability": 0.84765625 }, { "start": 1470.29, "end": 1470.61, "word": " long", "probability": 0.99951171875 }, { "start": 1470.61, "end": 1471.01, "word": " stretch", "probability": 1.0 }, { "start": 1471.01, "end": 1471.45, "word": " of", "probability": 1.0 }, { "start": 1471.45, "end": 1471.65, "word": " just", "probability": 0.9990234375 }, { "start": 1471.65, "end": 1472.13, "word": " owning", "probability": 1.0 }, { "start": 1472.13, "end": 1472.83, "word": " unprofitable", "probability": 0.9996744791666666 }, { "start": 1472.83, "end": 1473.27, "word": " companies", "probability": 1.0 } ] }, { "start": 1473.27, "end": 1478.33, "text": "because in a zero rate environment people are saying you know i don't care when you have a", "speaker_id": "Speaker 1", "words": [ { "start": 1473.27, "end": 1473.95, "word": " because", "probability": 1.0 }, { "start": 1473.95, "end": 1474.13, "word": " in", "probability": 1.0 }, { "start": 1474.13, "end": 1474.21, "word": " a", "probability": 0.9990234375 }, { "start": 1474.21, "end": 1474.45, "word": " zero", "probability": 1.0 }, { "start": 1474.45, "end": 1474.65, "word": " rate", "probability": 0.92236328125 }, { "start": 1474.65, "end": 1475.11, "word": " environment", "probability": 1.0 }, { "start": 1475.11, "end": 1476.07, "word": " people", "probability": 1.0 }, { "start": 1476.07, "end": 1476.23, "word": " are", "probability": 1.0 }, { "start": 1476.23, "end": 1476.57, "word": " saying", "probability": 1.0 }, { "start": 1476.57, "end": 1476.89, "word": " you", "probability": 1.0 }, { "start": 1476.89, "end": 1477.01, "word": " know", "probability": 0.9990234375 }, { "start": 1477.01, "end": 1477.43, "word": " i", "probability": 1.0 }, { "start": 1477.43, "end": 1477.65, "word": " don't", "probability": 0.997802734375 }, { "start": 1477.65, "end": 1477.87, "word": " care", "probability": 1.0 }, { "start": 1477.87, "end": 1478.05, "word": " when", "probability": 0.931640625 }, { "start": 1478.05, "end": 1478.07, "word": " you", "probability": 0.9990234375 }, { "start": 1478.07, "end": 1478.17, "word": " have", "probability": 0.9970703125 }, { "start": 1478.17, "end": 1478.33, "word": " a", "probability": 0.994140625 } ] }, { "start": 1478.33, "end": 1481.95, "text": "profit just keep just focus everything on growth there's the cost of capital is almost zero", "speaker_id": "Speaker 1", "words": [ { "start": 1478.33, "end": 1478.59, "word": " profit", "probability": 0.998046875 }, { "start": 1478.59, "end": 1478.83, "word": " just", "probability": 1.0 }, { "start": 1478.83, "end": 1478.99, "word": " keep", "probability": 0.994140625 }, { "start": 1478.99, "end": 1479.19, "word": " just", "probability": 1.0 }, { "start": 1479.19, "end": 1479.43, "word": " focus", "probability": 0.97021484375 }, { "start": 1479.43, "end": 1479.63, "word": " everything", "probability": 0.9970703125 }, { "start": 1479.63, "end": 1479.81, "word": " on", "probability": 1.0 }, { "start": 1479.81, "end": 1480.17, "word": " growth", "probability": 0.99951171875 }, { "start": 1480.17, "end": 1480.45, "word": " there's", "probability": 0.998291015625 }, { "start": 1480.45, "end": 1480.67, "word": " the", "probability": 0.7314453125 }, { "start": 1480.67, "end": 1480.91, "word": " cost", "probability": 0.99951171875 }, { "start": 1480.91, "end": 1481.01, "word": " of", "probability": 0.99951171875 }, { "start": 1481.01, "end": 1481.31, "word": " capital", "probability": 0.9990234375 }, { "start": 1481.31, "end": 1481.43, "word": " is", "probability": 0.96435546875 }, { "start": 1481.43, "end": 1481.65, "word": " almost", "probability": 0.99951171875 }, { "start": 1481.65, "end": 1481.95, "word": " zero", "probability": 0.99951171875 } ] }, { "start": 1481.95, "end": 1487.71, "text": "anyway uh and but now we live in world where there is a cost of capital those kind of like", "speaker_id": "Speaker 1", "words": [ { "start": 1481.95, "end": 1482.35, "word": " anyway", "probability": 1.0 }, { "start": 1482.35, "end": 1483.15, "word": " uh", "probability": 0.9912109375 }, { "start": 1483.15, "end": 1483.67, "word": " and", "probability": 0.99609375 }, { "start": 1483.67, "end": 1483.81, "word": " but", "probability": 1.0 }, { "start": 1483.81, "end": 1483.97, "word": " now", "probability": 1.0 }, { "start": 1483.97, "end": 1484.15, "word": " we", "probability": 1.0 }, { "start": 1484.15, "end": 1484.31, "word": " live", "probability": 1.0 }, { "start": 1484.31, "end": 1484.39, "word": " in", "probability": 1.0 }, { "start": 1484.39, "end": 1484.65, "word": " world", "probability": 0.1595458984375 }, { "start": 1484.65, "end": 1484.79, "word": " where", "probability": 0.98291015625 }, { "start": 1484.79, "end": 1484.89, "word": " there", "probability": 0.9990234375 }, { "start": 1484.89, "end": 1485.05, "word": " is", "probability": 0.94921875 }, { "start": 1485.05, "end": 1485.19, "word": " a", "probability": 0.96484375 }, { "start": 1485.19, "end": 1485.35, "word": " cost", "probability": 0.998046875 }, { "start": 1485.35, "end": 1485.51, "word": " of", "probability": 0.8671875 }, { "start": 1485.51, "end": 1485.91, "word": " capital", "probability": 0.9990234375 }, { "start": 1485.91, "end": 1486.75, "word": " those", "probability": 0.6533203125 }, { "start": 1486.75, "end": 1487.13, "word": " kind", "probability": 0.9736328125 }, { "start": 1487.13, "end": 1487.37, "word": " of", "probability": 1.0 }, { "start": 1487.37, "end": 1487.71, "word": " like", "probability": 0.96435546875 } ] }, { "start": 1487.71, "end": 1493.23, "text": "unprofitable grow at all cost things are that's not where like that's not how you optimize", "speaker_id": "Speaker 1", "words": [ { "start": 1487.71, "end": 1488.87, "word": " unprofitable", "probability": 0.99853515625 }, { "start": 1488.87, "end": 1489.15, "word": " grow", "probability": 0.85009765625 }, { "start": 1489.15, "end": 1489.29, "word": " at", "probability": 0.82958984375 }, { "start": 1489.29, "end": 1489.39, "word": " all", "probability": 0.99951171875 }, { "start": 1489.39, "end": 1489.85, "word": " cost", "probability": 0.76806640625 }, { "start": 1489.85, "end": 1490.19, "word": " things", "probability": 0.99853515625 }, { "start": 1490.19, "end": 1490.65, "word": " are", "probability": 0.94287109375 }, { "start": 1490.65, "end": 1490.97, "word": " that's", "probability": 0.996337890625 }, { "start": 1490.97, "end": 1491.11, "word": " not", "probability": 0.99951171875 }, { "start": 1491.11, "end": 1491.31, "word": " where", "probability": 0.9814453125 }, { "start": 1491.31, "end": 1491.57, "word": " like", "probability": 0.99853515625 }, { "start": 1491.57, "end": 1492.03, "word": " that's", "probability": 0.91015625 }, { "start": 1492.03, "end": 1492.15, "word": " not", "probability": 0.9990234375 }, { "start": 1492.15, "end": 1492.39, "word": " how", "probability": 1.0 }, { "start": 1492.39, "end": 1492.91, "word": " you", "probability": 0.99951171875 }, { "start": 1492.91, "end": 1493.23, "word": " optimize", "probability": 0.99853515625 } ] }, { "start": 1493.23, "end": 1497.69, "text": "things anymore that's not where i think most of the value add is uh instead it's more like", "speaker_id": "Speaker 1", "words": [ { "start": 1493.23, "end": 1493.55, "word": " things", "probability": 0.99951171875 }, { "start": 1493.55, "end": 1493.93, "word": " anymore", "probability": 0.99951171875 }, { "start": 1493.93, "end": 1494.45, "word": " that's", "probability": 0.858154296875 }, { "start": 1494.45, "end": 1494.55, "word": " not", "probability": 0.9970703125 }, { "start": 1494.55, "end": 1494.69, "word": " where", "probability": 1.0 }, { "start": 1494.69, "end": 1494.79, "word": " i", "probability": 0.947265625 }, { "start": 1494.79, "end": 1494.91, "word": " think", "probability": 1.0 }, { "start": 1494.91, "end": 1495.17, "word": " most", "probability": 0.99951171875 }, { "start": 1495.17, "end": 1495.29, "word": " of", "probability": 0.8642578125 }, { "start": 1495.29, "end": 1495.35, "word": " the", "probability": 1.0 }, { "start": 1495.35, "end": 1495.65, "word": " value", "probability": 1.0 }, { "start": 1495.65, "end": 1495.89, "word": " add", "probability": 0.92724609375 }, { "start": 1495.89, "end": 1496.15, "word": " is", "probability": 0.99951171875 }, { "start": 1496.15, "end": 1496.69, "word": " uh", "probability": 0.94091796875 }, { "start": 1496.69, "end": 1497.17, "word": " instead", "probability": 0.99609375 }, { "start": 1497.17, "end": 1497.39, "word": " it's", "probability": 0.9931640625 }, { "start": 1497.39, "end": 1497.51, "word": " more", "probability": 1.0 }, { "start": 1497.51, "end": 1497.69, "word": " like", "probability": 1.0 } ] }, { "start": 1497.69, "end": 1503.15, "text": "profitable growth obviously there's i mean in venture for example you know we're investing", "speaker_id": "Speaker 1", "words": [ { "start": 1497.69, "end": 1498.19, "word": " profitable", "probability": 0.99951171875 }, { "start": 1498.19, "end": 1498.63, "word": " growth", "probability": 1.0 }, { "start": 1498.63, "end": 1499.41, "word": " obviously", "probability": 0.9990234375 }, { "start": 1499.41, "end": 1499.77, "word": " there's", "probability": 0.999755859375 }, { "start": 1499.77, "end": 1499.93, "word": " i", "probability": 0.9990234375 }, { "start": 1499.93, "end": 1500.05, "word": " mean", "probability": 1.0 }, { "start": 1500.05, "end": 1500.43, "word": " in", "probability": 0.99853515625 }, { "start": 1500.43, "end": 1500.77, "word": " venture", "probability": 0.998046875 }, { "start": 1500.77, "end": 1500.97, "word": " for", "probability": 1.0 }, { "start": 1500.97, "end": 1501.39, "word": " example", "probability": 1.0 }, { "start": 1501.39, "end": 1502.39, "word": " you", "probability": 0.99951171875 }, { "start": 1502.39, "end": 1502.47, "word": " know", "probability": 1.0 }, { "start": 1502.47, "end": 1502.83, "word": " we're", "probability": 1.0 }, { "start": 1502.83, "end": 1503.15, "word": " investing", "probability": 1.0 } ] }, { "start": 1503.15, "end": 1507.15, "text": "in usually non -profitable growth that's that's the whole point of a venture fund you're", "speaker_id": "Speaker 1", "words": [ { "start": 1503.15, "end": 1503.33, "word": " in", "probability": 0.99951171875 }, { "start": 1503.33, "end": 1503.67, "word": " usually", "probability": 1.0 }, { "start": 1503.67, "end": 1503.89, "word": " non", "probability": 0.9970703125 }, { "start": 1503.89, "end": 1504.43, "word": "-profitable", "probability": 0.998046875 }, { "start": 1504.43, "end": 1504.71, "word": " growth", "probability": 0.99951171875 }, { "start": 1504.71, "end": 1504.99, "word": " that's", "probability": 0.82177734375 }, { "start": 1504.99, "end": 1505.21, "word": " that's", "probability": 0.93701171875 }, { "start": 1505.21, "end": 1505.27, "word": " the", "probability": 1.0 }, { "start": 1505.27, "end": 1505.43, "word": " whole", "probability": 1.0 }, { "start": 1505.43, "end": 1505.67, "word": " point", "probability": 1.0 }, { "start": 1505.67, "end": 1505.77, "word": " of", "probability": 1.0 }, { "start": 1505.77, "end": 1505.85, "word": " a", "probability": 0.9970703125 }, { "start": 1505.85, "end": 1506.15, "word": " venture", "probability": 0.9990234375 }, { "start": 1506.15, "end": 1506.71, "word": " fund", "probability": 0.9931640625 }, { "start": 1506.71, "end": 1507.15, "word": " you're", "probability": 0.99755859375 } ] }, { "start": 1507.15, "end": 1512.87, "text": "getting scale before you profit but in public markets uh i generally want to see profitable", "speaker_id": "Speaker 1", "words": [ { "start": 1507.15, "end": 1507.51, "word": " getting", "probability": 0.76513671875 }, { "start": 1507.51, "end": 1507.97, "word": " scale", "probability": 0.97998046875 }, { "start": 1507.97, "end": 1508.27, "word": " before", "probability": 1.0 }, { "start": 1508.27, "end": 1508.43, "word": " you", "probability": 0.9921875 }, { "start": 1508.43, "end": 1508.81, "word": " profit", "probability": 0.99755859375 }, { "start": 1508.81, "end": 1509.39, "word": " but", "probability": 0.99951171875 }, { "start": 1509.39, "end": 1509.59, "word": " in", "probability": 1.0 }, { "start": 1509.59, "end": 1509.93, "word": " public", "probability": 1.0 }, { "start": 1509.93, "end": 1510.45, "word": " markets", "probability": 0.9990234375 }, { "start": 1510.45, "end": 1511.21, "word": " uh", "probability": 0.10272216796875 }, { "start": 1511.21, "end": 1511.67, "word": " i", "probability": 0.36474609375 }, { "start": 1511.67, "end": 1511.99, "word": " generally", "probability": 0.8427734375 }, { "start": 1511.99, "end": 1512.17, "word": " want", "probability": 0.9990234375 }, { "start": 1512.17, "end": 1512.25, "word": " to", "probability": 1.0 }, { "start": 1512.25, "end": 1512.37, "word": " see", "probability": 1.0 }, { "start": 1512.37, "end": 1512.87, "word": " profitable", "probability": 1.0 } ] }, { "start": 1512.87, "end": 1517.65, "text": "companies you know if i want to get unprofitable that's what i do venture for uh i'll go", "speaker_id": "Speaker 1", "words": [ { "start": 1512.87, "end": 1513.37, "word": " companies", "probability": 1.0 }, { "start": 1513.37, "end": 1513.65, "word": " you", "probability": 0.99951171875 }, { "start": 1513.65, "end": 1513.69, "word": " know", "probability": 1.0 }, { "start": 1513.69, "end": 1513.81, "word": " if", "probability": 1.0 }, { "start": 1513.81, "end": 1513.89, "word": " i", "probability": 1.0 }, { "start": 1513.89, "end": 1514.05, "word": " want", "probability": 1.0 }, { "start": 1514.05, "end": 1514.15, "word": " to", "probability": 1.0 }, { "start": 1514.15, "end": 1514.35, "word": " get", "probability": 1.0 }, { "start": 1514.35, "end": 1515.01, "word": " unprofitable", "probability": 0.9996744791666666 }, { "start": 1515.01, "end": 1515.49, "word": " that's", "probability": 1.0 }, { "start": 1515.49, "end": 1515.59, "word": " what", "probability": 0.998046875 }, { "start": 1515.59, "end": 1515.65, "word": " i", "probability": 1.0 }, { "start": 1515.65, "end": 1515.77, "word": " do", "probability": 0.98876953125 }, { "start": 1515.77, "end": 1516.03, "word": " venture", "probability": 0.99951171875 }, { "start": 1516.03, "end": 1516.39, "word": " for", "probability": 1.0 }, { "start": 1516.39, "end": 1517.03, "word": " uh", "probability": 0.99072265625 }, { "start": 1517.03, "end": 1517.55, "word": " i'll", "probability": 0.999755859375 }, { "start": 1517.55, "end": 1517.65, "word": " go", "probability": 1.0 } ] }, { "start": 1517.65, "end": 1522.25, "text": "into private markets whereas you know once a company's large up to be public um i generally", "speaker_id": "Speaker 1", "words": [ { "start": 1517.65, "end": 1517.77, "word": " into", "probability": 0.9990234375 }, { "start": 1517.77, "end": 1518.07, "word": " private", "probability": 1.0 }, { "start": 1518.07, "end": 1518.49, "word": " markets", "probability": 1.0 }, { "start": 1518.49, "end": 1518.77, "word": " whereas", "probability": 0.9990234375 }, { "start": 1518.77, "end": 1519.37, "word": " you", "probability": 0.99072265625 }, { "start": 1519.37, "end": 1519.43, "word": " know", "probability": 1.0 }, { "start": 1519.43, "end": 1519.67, "word": " once", "probability": 1.0 }, { "start": 1519.67, "end": 1519.77, "word": " a", "probability": 0.984375 }, { "start": 1519.77, "end": 1520.09, "word": " company's", "probability": 0.958740234375 }, { "start": 1520.09, "end": 1520.31, "word": " large", "probability": 0.9716796875 }, { "start": 1520.31, "end": 1520.45, "word": " up", "probability": 0.32275390625 }, { "start": 1520.45, "end": 1520.53, "word": " to", "probability": 0.99951171875 }, { "start": 1520.53, "end": 1520.65, "word": " be", "probability": 0.998046875 }, { "start": 1520.65, "end": 1521.03, "word": " public", "probability": 0.9990234375 }, { "start": 1521.03, "end": 1521.71, "word": " um", "probability": 0.96044921875 }, { "start": 1521.71, "end": 1522.03, "word": " i", "probability": 1.0 }, { "start": 1522.03, "end": 1522.25, "word": " generally", "probability": 0.9970703125 } ] }, { "start": 1522.25, "end": 1526.69, "text": "think that that at least most of them should be optimizing toward being being profitable", "speaker_id": "Speaker 1", "words": [ { "start": 1522.25, "end": 1522.55, "word": " think", "probability": 1.0 }, { "start": 1522.55, "end": 1522.79, "word": " that", "probability": 1.0 }, { "start": 1522.79, "end": 1522.95, "word": " that", "probability": 0.640625 }, { "start": 1522.95, "end": 1523.09, "word": " at", "probability": 0.99951171875 }, { "start": 1523.09, "end": 1523.21, "word": " least", "probability": 0.99267578125 }, { "start": 1523.21, "end": 1523.51, "word": " most", "probability": 1.0 }, { "start": 1523.51, "end": 1523.67, "word": " of", "probability": 1.0 }, { "start": 1523.67, "end": 1523.91, "word": " them", "probability": 0.99951171875 }, { "start": 1523.91, "end": 1524.45, "word": " should", "probability": 1.0 }, { "start": 1524.45, "end": 1524.61, "word": " be", "probability": 1.0 }, { "start": 1524.61, "end": 1525.09, "word": " optimizing", "probability": 0.99951171875 }, { "start": 1525.09, "end": 1525.49, "word": " toward", "probability": 1.0 }, { "start": 1525.49, "end": 1525.95, "word": " being", "probability": 1.0 }, { "start": 1525.95, "end": 1526.25, "word": " being", "probability": 0.97119140625 }, { "start": 1526.25, "end": 1526.69, "word": " profitable", "probability": 0.99951171875 } ] }, { "start": 1526.69, "end": 1527.21, "text": "enterprises", "speaker_id": "Speaker 1", "words": [ { "start": 1526.69, "end": 1527.21, "word": " enterprises", "probability": 0.998046875 } ] }, { "start": 1527.21, "end": 1533.97, "text": "yeah balance sheets matter again uh i i just want to kind of finish up and and reference", "speaker_id": "Speaker 2", "words": [ { "start": 1527.21, "end": 1527.93, "word": " yeah", "probability": 0.9970703125 }, { "start": 1527.93, "end": 1528.69, "word": " balance", "probability": 0.998046875 }, { "start": 1528.69, "end": 1528.91, "word": " sheets", "probability": 0.99267578125 }, { "start": 1528.91, "end": 1529.19, "word": " matter", "probability": 1.0 }, { "start": 1529.19, "end": 1529.53, "word": " again", "probability": 0.99951171875 }, { "start": 1529.53, "end": 1530.11, "word": " uh", "probability": 0.9345703125 }, { "start": 1530.11, "end": 1530.87, "word": " i", "probability": 0.99951171875 }, { "start": 1530.87, "end": 1531.01, "word": " i", "probability": 0.429931640625 }, { "start": 1531.01, "end": 1531.17, "word": " just", "probability": 1.0 }, { "start": 1531.17, "end": 1531.27, "word": " want", "probability": 0.998046875 }, { "start": 1531.27, "end": 1531.33, "word": " to", "probability": 0.99951171875 }, { "start": 1531.33, "end": 1532.01, "word": " kind", "probability": 0.99853515625 }, { "start": 1532.01, "end": 1532.09, "word": " of", "probability": 0.99951171875 }, { "start": 1532.09, "end": 1532.33, "word": " finish", "probability": 1.0 }, { "start": 1532.33, "end": 1532.49, "word": " up", "probability": 0.99951171875 }, { "start": 1532.49, "end": 1532.71, "word": " and", "probability": 0.93212890625 }, { "start": 1532.71, "end": 1533.09, "word": " and", "probability": 0.9873046875 }, { "start": 1533.09, "end": 1533.97, "word": " reference", "probability": 0.99951171875 } ] }, { "start": 1533.97, "end": 1538.15, "text": "back to that conversation the conversations you've had with Jock Dorsey about open source.", "speaker_id": "Speaker 2", "words": [ { "start": 1533.97, "end": 1534.17, "word": " back", "probability": 1.0 }, { "start": 1534.17, "end": 1534.29, "word": " to", "probability": 0.99951171875 }, { "start": 1534.29, "end": 1534.39, "word": " that", "probability": 0.998046875 }, { "start": 1534.39, "end": 1534.93, "word": " conversation", "probability": 0.99853515625 }, { "start": 1534.93, "end": 1535.17, "word": " the", "probability": 0.998046875 }, { "start": 1535.17, "end": 1535.65, "word": " conversations", "probability": 0.99169921875 }, { "start": 1535.65, "end": 1535.93, "word": " you've", "probability": 0.999267578125 }, { "start": 1535.93, "end": 1536.01, "word": " had", "probability": 0.99853515625 }, { "start": 1536.01, "end": 1536.15, "word": " with", "probability": 0.462890625 }, { "start": 1536.15, "end": 1536.33, "word": " Jock", "probability": 0.72314453125 }, { "start": 1536.33, "end": 1536.77, "word": " Dorsey", "probability": 0.997314453125 }, { "start": 1536.77, "end": 1537.25, "word": " about", "probability": 0.7822265625 }, { "start": 1537.25, "end": 1537.77, "word": " open", "probability": 0.99853515625 }, { "start": 1537.77, "end": 1538.15, "word": " source.", "probability": 0.990234375 } ] }, { "start": 1538.47, "end": 1544.81, "text": "And, you know, in this kind of when we're looking at profit models and revenue,", "speaker_id": "Speaker 2", "words": [ { "start": 1538.47, "end": 1538.55, "word": " And,", "probability": 0.8544921875 }, { "start": 1538.57, "end": 1539.23, "word": " you", "probability": 0.998046875 }, { "start": 1539.23, "end": 1539.35, "word": " know,", "probability": 1.0 }, { "start": 1539.55, "end": 1540.39, "word": " in", "probability": 0.96044921875 }, { "start": 1540.39, "end": 1540.61, "word": " this", "probability": 1.0 }, { "start": 1540.61, "end": 1540.79, "word": " kind", "probability": 0.9990234375 }, { "start": 1540.79, "end": 1540.89, "word": " of", "probability": 1.0 }, { "start": 1540.89, "end": 1541.01, "word": " when", "probability": 0.465087890625 }, { "start": 1541.01, "end": 1541.13, "word": " we're", "probability": 1.0 }, { "start": 1541.13, "end": 1541.35, "word": " looking", "probability": 0.99951171875 }, { "start": 1541.35, "end": 1541.53, "word": " at", "probability": 1.0 }, { "start": 1541.53, "end": 1541.97, "word": " profit", "probability": 0.9990234375 }, { "start": 1541.97, "end": 1542.53, "word": " models", "probability": 0.99951171875 }, { "start": 1542.53, "end": 1543.29, "word": " and", "probability": 0.99169921875 }, { "start": 1543.29, "end": 1544.81, "word": " revenue,", "probability": 0.99853515625 } ] }, { "start": 1545.27, "end": 1551.57, "text": "is there tension between equity investors who want to benefit from", "speaker_id": "Speaker 2", "words": [ { "start": 1545.27, "end": 1545.75, "word": " is", "probability": 1.0 }, { "start": 1545.75, "end": 1546.01, "word": " there", "probability": 1.0 }, { "start": 1546.01, "end": 1546.63, "word": " tension", "probability": 0.99658203125 }, { "start": 1546.63, "end": 1547.75, "word": " between", "probability": 0.99951171875 }, { "start": 1547.75, "end": 1549.01, "word": " equity", "probability": 1.0 }, { "start": 1549.01, "end": 1549.65, "word": " investors", "probability": 0.9873046875 }, { "start": 1549.65, "end": 1550.25, "word": " who", "probability": 0.99853515625 }, { "start": 1550.25, "end": 1550.47, "word": " want", "probability": 0.98828125 }, { "start": 1550.47, "end": 1550.55, "word": " to", "probability": 0.99951171875 }, { "start": 1550.55, "end": 1550.99, "word": " benefit", "probability": 0.99951171875 }, { "start": 1550.99, "end": 1551.57, "word": " from", "probability": 1.0 } ] }, { "start": 1551.57, "end": 1557.99, "text": "profits and walls and moats and then sort of citizens who maybe benefit from networks that", "speaker_id": "Speaker 2", "words": [ { "start": 1551.57, "end": 1552.31, "word": " profits", "probability": 0.99951171875 }, { "start": 1552.31, "end": 1552.67, "word": " and", "probability": 0.994140625 }, { "start": 1552.67, "end": 1553.17, "word": " walls", "probability": 0.99853515625 }, { "start": 1553.17, "end": 1553.57, "word": " and", "probability": 1.0 }, { "start": 1553.57, "end": 1554.01, "word": " moats", "probability": 0.995361328125 }, { "start": 1554.01, "end": 1554.37, "word": " and", "probability": 0.75341796875 }, { "start": 1554.37, "end": 1554.69, "word": " then", "probability": 0.99951171875 }, { "start": 1554.69, "end": 1555.27, "word": " sort", "probability": 0.99853515625 }, { "start": 1555.27, "end": 1555.37, "word": " of", "probability": 0.99951171875 }, { "start": 1555.37, "end": 1555.87, "word": " citizens", "probability": 1.0 }, { "start": 1555.87, "end": 1556.33, "word": " who", "probability": 1.0 }, { "start": 1556.33, "end": 1556.57, "word": " maybe", "probability": 0.912109375 }, { "start": 1556.57, "end": 1557.09, "word": " benefit", "probability": 1.0 }, { "start": 1557.09, "end": 1557.43, "word": " from", "probability": 1.0 }, { "start": 1557.43, "end": 1557.79, "word": " networks", "probability": 0.99951171875 }, { "start": 1557.79, "end": 1557.99, "word": " that", "probability": 1.0 } ] }, { "start": 1557.99, "end": 1563.63, "text": "are open? And it seems to be playing out very much in the AI space where, you know, open AI", "speaker_id": "Speaker 2", "words": [ { "start": 1557.99, "end": 1558.09, "word": " are", "probability": 1.0 }, { "start": 1558.09, "end": 1558.37, "word": " open?", "probability": 1.0 }, { "start": 1558.53, "end": 1558.57, "word": " And", "probability": 0.9990234375 }, { "start": 1558.57, "end": 1558.71, "word": " it", "probability": 0.9853515625 }, { "start": 1558.71, "end": 1558.99, "word": " seems", "probability": 1.0 }, { "start": 1558.99, "end": 1559.13, "word": " to", "probability": 1.0 }, { "start": 1559.13, "end": 1559.25, "word": " be", "probability": 1.0 }, { "start": 1559.25, "end": 1559.57, "word": " playing", "probability": 0.99951171875 }, { "start": 1559.57, "end": 1559.75, "word": " out", "probability": 1.0 }, { "start": 1559.75, "end": 1560.01, "word": " very", "probability": 1.0 }, { "start": 1560.01, "end": 1560.19, "word": " much", "probability": 1.0 }, { "start": 1560.19, "end": 1560.33, "word": " in", "probability": 1.0 }, { "start": 1560.33, "end": 1560.45, "word": " the", "probability": 0.99951171875 }, { "start": 1560.45, "end": 1560.81, "word": " AI", "probability": 0.982421875 }, { "start": 1560.81, "end": 1561.69, "word": " space", "probability": 1.0 }, { "start": 1561.69, "end": 1562.27, "word": " where,", "probability": 0.97900390625 }, { "start": 1562.27, "end": 1562.89, "word": " you", "probability": 1.0 }, { "start": 1562.89, "end": 1562.97, "word": " know,", "probability": 1.0 }, { "start": 1563.09, "end": 1563.29, "word": " open", "probability": 0.7509765625 }, { "start": 1563.29, "end": 1563.63, "word": " AI", "probability": 0.998046875 } ] }, { "start": 1563.63, "end": 1569.07, "text": "philanthropic want their models closed and their investors likely want them to be able to", "speaker_id": "Speaker 2", "words": [ { "start": 1563.63, "end": 1564.33, "word": " philanthropic", "probability": 0.588134765625 }, { "start": 1564.33, "end": 1564.53, "word": " want", "probability": 0.7783203125 }, { "start": 1564.53, "end": 1564.71, "word": " their", "probability": 0.998046875 }, { "start": 1564.71, "end": 1565.11, "word": " models", "probability": 1.0 }, { "start": 1565.11, "end": 1565.55, "word": " closed", "probability": 0.99755859375 }, { "start": 1565.55, "end": 1566.07, "word": " and", "probability": 0.82763671875 }, { "start": 1566.07, "end": 1566.69, "word": " their", "probability": 0.99951171875 }, { "start": 1566.69, "end": 1567.35, "word": " investors", "probability": 1.0 }, { "start": 1567.35, "end": 1567.81, "word": " likely", "probability": 0.99951171875 }, { "start": 1567.81, "end": 1568.23, "word": " want", "probability": 1.0 }, { "start": 1568.23, "end": 1568.61, "word": " them", "probability": 1.0 }, { "start": 1568.61, "end": 1568.77, "word": " to", "probability": 1.0 }, { "start": 1568.77, "end": 1568.85, "word": " be", "probability": 0.99951171875 }, { "start": 1568.85, "end": 1568.95, "word": " able", "probability": 0.99951171875 }, { "start": 1568.95, "end": 1569.07, "word": " to", "probability": 1.0 } ] }, { "start": 1569.07, "end": 1573.67, "text": "monetize that and then the all the other conversations we're having about open source and", "speaker_id": "Speaker 2", "words": [ { "start": 1569.07, "end": 1569.69, "word": " monetize", "probability": 1.0 }, { "start": 1569.69, "end": 1569.99, "word": " that", "probability": 0.99951171875 }, { "start": 1569.99, "end": 1570.61, "word": " and", "probability": 0.30908203125 }, { "start": 1570.61, "end": 1570.77, "word": " then", "probability": 0.99951171875 }, { "start": 1570.77, "end": 1570.97, "word": " the", "probability": 0.89453125 }, { "start": 1570.97, "end": 1571.23, "word": " all", "probability": 0.99853515625 }, { "start": 1571.23, "end": 1571.35, "word": " the", "probability": 1.0 }, { "start": 1571.35, "end": 1571.49, "word": " other", "probability": 0.99951171875 }, { "start": 1571.49, "end": 1572.01, "word": " conversations", "probability": 1.0 }, { "start": 1572.01, "end": 1572.31, "word": " we're", "probability": 0.9892578125 }, { "start": 1572.31, "end": 1572.51, "word": " having", "probability": 1.0 }, { "start": 1572.51, "end": 1572.77, "word": " about", "probability": 1.0 }, { "start": 1572.77, "end": 1573.09, "word": " open", "probability": 1.0 }, { "start": 1573.09, "end": 1573.43, "word": " source", "probability": 0.99853515625 }, { "start": 1573.43, "end": 1573.67, "word": " and", "probability": 1.0 } ] }, { "start": 1573.67, "end": 1575.59, "text": "should this be used differently well", "speaker_id": "Speaker 2", "words": [ { "start": 1573.67, "end": 1573.85, "word": " should", "probability": 1.0 }, { "start": 1573.85, "end": 1574.03, "word": " this", "probability": 1.0 }, { "start": 1574.03, "end": 1574.19, "word": " be", "probability": 1.0 }, { "start": 1574.19, "end": 1574.41, "word": " used", "probability": 0.99951171875 }, { "start": 1574.41, "end": 1574.81, "word": " differently", "probability": 0.99951171875 }, { "start": 1574.81, "end": 1575.59, "word": " well", "probability": 0.95556640625 } ] }, { "start": 1575.59, "end": 1580.23, "text": "there's a couple phases there there's this one is from your own company perspective should", "speaker_id": "Speaker 1", "words": [ { "start": 1575.59, "end": 1575.85, "word": " there's", "probability": 1.0 }, { "start": 1575.85, "end": 1575.91, "word": " a", "probability": 1.0 }, { "start": 1575.91, "end": 1576.07, "word": " couple", "probability": 0.99755859375 }, { "start": 1576.07, "end": 1576.39, "word": " phases", "probability": 0.9931640625 }, { "start": 1576.39, "end": 1576.61, "word": " there", "probability": 1.0 }, { "start": 1576.61, "end": 1576.89, "word": " there's", "probability": 0.998291015625 }, { "start": 1576.89, "end": 1577.05, "word": " this", "probability": 0.7392578125 }, { "start": 1577.05, "end": 1577.29, "word": " one", "probability": 1.0 }, { "start": 1577.29, "end": 1577.53, "word": " is", "probability": 1.0 }, { "start": 1577.53, "end": 1578.09, "word": " from", "probability": 1.0 }, { "start": 1578.09, "end": 1578.29, "word": " your", "probability": 1.0 }, { "start": 1578.29, "end": 1578.43, "word": " own", "probability": 0.99951171875 }, { "start": 1578.43, "end": 1578.79, "word": " company", "probability": 1.0 }, { "start": 1578.79, "end": 1579.35, "word": " perspective", "probability": 1.0 }, { "start": 1579.35, "end": 1580.23, "word": " should", "probability": 1.0 } ] }, { "start": 1580.23, "end": 1584.83, "text": "your model be open or closed and then there's the the somewhat more nefarious one which is", "speaker_id": "Speaker 1", "words": [ { "start": 1580.23, "end": 1580.37, "word": " your", "probability": 1.0 }, { "start": 1580.37, "end": 1580.61, "word": " model", "probability": 0.99951171875 }, { "start": 1580.61, "end": 1580.77, "word": " be", "probability": 1.0 }, { "start": 1580.77, "end": 1581.07, "word": " open", "probability": 0.99853515625 }, { "start": 1581.07, "end": 1581.17, "word": " or", "probability": 1.0 }, { "start": 1581.17, "end": 1581.69, "word": " closed", "probability": 1.0 }, { "start": 1581.69, "end": 1582.19, "word": " and", "probability": 1.0 }, { "start": 1582.19, "end": 1582.31, "word": " then", "probability": 1.0 }, { "start": 1582.31, "end": 1582.57, "word": " there's", "probability": 1.0 }, { "start": 1582.57, "end": 1582.77, "word": " the", "probability": 1.0 }, { "start": 1582.77, "end": 1582.93, "word": " the", "probability": 0.9951171875 }, { "start": 1582.93, "end": 1583.25, "word": " somewhat", "probability": 1.0 }, { "start": 1583.25, "end": 1583.49, "word": " more", "probability": 1.0 }, { "start": 1583.49, "end": 1583.99, "word": " nefarious", "probability": 0.9990234375 }, { "start": 1583.99, "end": 1584.27, "word": " one", "probability": 0.99951171875 }, { "start": 1584.27, "end": 1584.51, "word": " which", "probability": 1.0 }, { "start": 1584.51, "end": 1584.83, "word": " is", "probability": 1.0 } ] }, { "start": 1584.83, "end": 1591.23, "text": "should you try to get government to ban your open competitors to to preserve your closed", "speaker_id": "Speaker 1", "words": [ { "start": 1584.83, "end": 1585.47, "word": " should", "probability": 1.0 }, { "start": 1585.47, "end": 1585.63, "word": " you", "probability": 1.0 }, { "start": 1585.63, "end": 1585.97, "word": " try", "probability": 1.0 }, { "start": 1585.97, "end": 1586.17, "word": " to", "probability": 1.0 }, { "start": 1586.17, "end": 1587.13, "word": " get", "probability": 1.0 }, { "start": 1587.13, "end": 1587.47, "word": " government", "probability": 0.99951171875 }, { "start": 1587.47, "end": 1587.71, "word": " to", "probability": 1.0 }, { "start": 1587.71, "end": 1588.01, "word": " ban", "probability": 0.99951171875 }, { "start": 1588.01, "end": 1588.31, "word": " your", "probability": 1.0 }, { "start": 1588.31, "end": 1588.71, "word": " open", "probability": 1.0 }, { "start": 1588.71, "end": 1589.25, "word": " competitors", "probability": 1.0 }, { "start": 1589.25, "end": 1589.83, "word": " to", "probability": 1.0 }, { "start": 1589.83, "end": 1590.07, "word": " to", "probability": 0.7421875 }, { "start": 1590.07, "end": 1590.53, "word": " preserve", "probability": 0.99951171875 }, { "start": 1590.53, "end": 1590.79, "word": " your", "probability": 1.0 }, { "start": 1590.79, "end": 1591.23, "word": " closed", "probability": 0.900390625 } ] }, { "start": 1591.23, "end": 1594.37, "text": "decision right that that's where some of these companies i think i've gotten to and that", "speaker_id": "Speaker 1", "words": [ { "start": 1591.23, "end": 1591.67, "word": " decision", "probability": 0.998046875 }, { "start": 1591.67, "end": 1592.19, "word": " right", "probability": 0.1051025390625 }, { "start": 1592.19, "end": 1592.39, "word": " that", "probability": 0.97265625 }, { "start": 1592.39, "end": 1592.63, "word": " that's", "probability": 0.970458984375 }, { "start": 1592.63, "end": 1592.73, "word": " where", "probability": 0.98583984375 }, { "start": 1592.73, "end": 1592.87, "word": " some", "probability": 0.99951171875 }, { "start": 1592.87, "end": 1592.95, "word": " of", "probability": 0.99951171875 }, { "start": 1592.95, "end": 1593.03, "word": " these", "probability": 1.0 }, { "start": 1593.03, "end": 1593.29, "word": " companies", "probability": 1.0 }, { "start": 1593.29, "end": 1593.45, "word": " i", "probability": 0.73681640625 }, { "start": 1593.45, "end": 1593.59, "word": " think", "probability": 1.0 }, { "start": 1593.59, "end": 1593.71, "word": " i've", "probability": 0.8828125 }, { "start": 1593.71, "end": 1593.93, "word": " gotten", "probability": 1.0 }, { "start": 1593.93, "end": 1594.13, "word": " to", "probability": 0.99951171875 }, { "start": 1594.13, "end": 1594.25, "word": " and", "probability": 0.99560546875 }, { "start": 1594.25, "end": 1594.37, "word": " that", "probability": 1.0 } ] }, { "start": 1594.37, "end": 1597.57, "text": "that's the that's the you know companies can do with themselves what they want to do with", "speaker_id": "Speaker 1", "words": [ { "start": 1594.37, "end": 1594.61, "word": " that's", "probability": 0.993408203125 }, { "start": 1594.61, "end": 1594.75, "word": " the", "probability": 0.99853515625 }, { "start": 1594.75, "end": 1595.15, "word": " that's", "probability": 0.998779296875 }, { "start": 1595.15, "end": 1595.27, "word": " the", "probability": 0.99658203125 }, { "start": 1595.27, "end": 1595.61, "word": " you", "probability": 0.99853515625 }, { "start": 1595.61, "end": 1595.63, "word": " know", "probability": 0.99951171875 }, { "start": 1595.63, "end": 1595.97, "word": " companies", "probability": 0.99951171875 }, { "start": 1595.97, "end": 1596.11, "word": " can", "probability": 1.0 }, { "start": 1596.11, "end": 1596.21, "word": " do", "probability": 0.99951171875 }, { "start": 1596.21, "end": 1596.33, "word": " with", "probability": 0.6748046875 }, { "start": 1596.33, "end": 1596.61, "word": " themselves", "probability": 0.99658203125 }, { "start": 1596.61, "end": 1596.89, "word": " what", "probability": 1.0 }, { "start": 1596.89, "end": 1596.99, "word": " they", "probability": 1.0 }, { "start": 1596.99, "end": 1597.15, "word": " want", "probability": 1.0 }, { "start": 1597.15, "end": 1597.27, "word": " to", "probability": 1.0 }, { "start": 1597.27, "end": 1597.41, "word": " do", "probability": 0.99951171875 }, { "start": 1597.41, "end": 1597.57, "word": " with", "probability": 0.9990234375 } ] }, { "start": 1597.57, "end": 1602.35, "text": "their own code or their their own you know systems the question is to what extent they want", "speaker_id": "Speaker 1", "words": [ { "start": 1597.57, "end": 1597.69, "word": " their", "probability": 1.0 }, { "start": 1597.69, "end": 1597.85, "word": " own", "probability": 1.0 }, { "start": 1597.85, "end": 1598.23, "word": " code", "probability": 0.99951171875 }, { "start": 1598.23, "end": 1598.39, "word": " or", "probability": 0.99853515625 }, { "start": 1598.39, "end": 1598.59, "word": " their", "probability": 1.0 }, { "start": 1598.59, "end": 1598.81, "word": " their", "probability": 0.61474609375 }, { "start": 1598.81, "end": 1599.11, "word": " own", "probability": 1.0 }, { "start": 1599.11, "end": 1599.37, "word": " you", "probability": 0.99853515625 }, { "start": 1599.37, "end": 1599.43, "word": " know", "probability": 1.0 }, { "start": 1599.43, "end": 1599.85, "word": " systems", "probability": 0.99951171875 }, { "start": 1599.85, "end": 1600.55, "word": " the", "probability": 0.99951171875 }, { "start": 1600.55, "end": 1600.83, "word": " question", "probability": 0.9990234375 }, { "start": 1600.83, "end": 1601.07, "word": " is", "probability": 1.0 }, { "start": 1601.07, "end": 1601.73, "word": " to", "probability": 1.0 }, { "start": 1601.73, "end": 1601.85, "word": " what", "probability": 0.9990234375 }, { "start": 1601.85, "end": 1602.01, "word": " extent", "probability": 0.9609375 }, { "start": 1602.01, "end": 1602.19, "word": " they", "probability": 0.9990234375 }, { "start": 1602.19, "end": 1602.35, "word": " want", "probability": 1.0 } ] }, { "start": 1602.35, "end": 1609.25, "text": "to lock that in with a regulatory moat um uh and uh and but i think the long -term arc here", "speaker_id": "Speaker 1", "words": [ { "start": 1602.35, "end": 1602.45, "word": " to", "probability": 0.9990234375 }, { "start": 1602.45, "end": 1602.69, "word": " lock", "probability": 0.99853515625 }, { "start": 1602.69, "end": 1602.87, "word": " that", "probability": 0.99951171875 }, { "start": 1602.87, "end": 1603.01, "word": " in", "probability": 0.9853515625 }, { "start": 1603.01, "end": 1603.37, "word": " with", "probability": 1.0 }, { "start": 1603.37, "end": 1603.49, "word": " a", "probability": 0.9990234375 }, { "start": 1603.49, "end": 1603.89, "word": " regulatory", "probability": 0.9892578125 }, { "start": 1603.89, "end": 1604.29, "word": " moat", "probability": 0.774169921875 }, { "start": 1604.29, "end": 1605.19, "word": " um", "probability": 0.97265625 }, { "start": 1605.19, "end": 1605.91, "word": " uh", "probability": 0.98974609375 }, { "start": 1605.91, "end": 1606.41, "word": " and", "probability": 1.0 }, { "start": 1606.41, "end": 1607.21, "word": " uh", "probability": 0.9892578125 }, { "start": 1607.21, "end": 1607.47, "word": " and", "probability": 0.99072265625 }, { "start": 1607.47, "end": 1607.75, "word": " but", "probability": 0.6953125 }, { "start": 1607.75, "end": 1607.87, "word": " i", "probability": 1.0 }, { "start": 1607.87, "end": 1607.99, "word": " think", "probability": 0.99560546875 }, { "start": 1607.99, "end": 1608.17, "word": " the", "probability": 0.99951171875 }, { "start": 1608.17, "end": 1608.47, "word": " long", "probability": 0.99951171875 }, { "start": 1608.47, "end": 1608.69, "word": "-term", "probability": 0.9326171875 }, { "start": 1608.69, "end": 1608.97, "word": " arc", "probability": 0.99853515625 }, { "start": 1608.97, "end": 1609.25, "word": " here", "probability": 0.99951171875 } ] }, { "start": 1609.25, "end": 1616.03, "text": "is it's a losing game uh i think just open weight models exist um and and trying to to put", "speaker_id": "Speaker 1", "words": [ { "start": 1609.25, "end": 1609.39, "word": " is", "probability": 0.99951171875 }, { "start": 1609.39, "end": 1609.51, "word": " it's", "probability": 0.9970703125 }, { "start": 1609.51, "end": 1609.59, "word": " a", "probability": 0.99609375 }, { "start": 1609.59, "end": 1609.81, "word": " losing", "probability": 0.99560546875 }, { "start": 1609.81, "end": 1610.19, "word": " game", "probability": 0.99951171875 }, { "start": 1610.19, "end": 1610.61, "word": " uh", "probability": 0.99560546875 }, { "start": 1610.61, "end": 1611.03, "word": " i", "probability": 1.0 }, { "start": 1611.03, "end": 1611.29, "word": " think", "probability": 0.986328125 }, { "start": 1611.29, "end": 1611.47, "word": " just", "probability": 0.99755859375 }, { "start": 1611.47, "end": 1611.69, "word": " open", "probability": 0.99609375 }, { "start": 1611.69, "end": 1611.87, "word": " weight", "probability": 0.84130859375 }, { "start": 1611.87, "end": 1612.17, "word": " models", "probability": 1.0 }, { "start": 1612.17, "end": 1612.65, "word": " exist", "probability": 0.99951171875 }, { "start": 1612.65, "end": 1613.53, "word": " um", "probability": 0.9990234375 }, { "start": 1613.53, "end": 1614.33, "word": " and", "probability": 1.0 }, { "start": 1614.33, "end": 1614.55, "word": " and", "probability": 1.0 }, { "start": 1614.55, "end": 1614.81, "word": " trying", "probability": 0.99951171875 }, { "start": 1614.81, "end": 1615.05, "word": " to", "probability": 1.0 }, { "start": 1615.05, "end": 1615.33, "word": " to", "probability": 0.994140625 }, { "start": 1615.33, "end": 1616.03, "word": " put", "probability": 1.0 } ] }, { "start": 1616.03, "end": 1621.37, "text": "out those fires is just kind of like slowing down the inevitable um and i think open weight", "speaker_id": "Speaker 1", "words": [ { "start": 1616.03, "end": 1616.17, "word": " out", "probability": 1.0 }, { "start": 1616.17, "end": 1616.41, "word": " those", "probability": 1.0 }, { "start": 1616.41, "end": 1616.81, "word": " fires", "probability": 0.9990234375 }, { "start": 1616.81, "end": 1617.09, "word": " is", "probability": 0.96533203125 }, { "start": 1617.09, "end": 1617.23, "word": " just", "probability": 1.0 }, { "start": 1617.23, "end": 1617.45, "word": " kind", "probability": 1.0 }, { "start": 1617.45, "end": 1617.55, "word": " of", "probability": 0.51953125 }, { "start": 1617.55, "end": 1617.69, "word": " like", "probability": 0.7939453125 }, { "start": 1617.69, "end": 1618.01, "word": " slowing", "probability": 0.98291015625 }, { "start": 1618.01, "end": 1618.25, "word": " down", "probability": 0.99951171875 }, { "start": 1618.25, "end": 1618.39, "word": " the", "probability": 0.99560546875 }, { "start": 1618.39, "end": 1618.73, "word": " inevitable", "probability": 0.99853515625 }, { "start": 1618.73, "end": 1619.63, "word": " um", "probability": 0.242431640625 }, { "start": 1619.63, "end": 1620.45, "word": " and", "probability": 0.99951171875 }, { "start": 1620.45, "end": 1620.55, "word": " i", "probability": 0.845703125 }, { "start": 1620.55, "end": 1620.71, "word": " think", "probability": 1.0 }, { "start": 1620.71, "end": 1621.01, "word": " open", "probability": 1.0 }, { "start": 1621.01, "end": 1621.37, "word": " weight", "probability": 0.9365234375 } ] }, { "start": 1621.37, "end": 1625.75, "text": "models just some degree have to be understood as existing now uh it's like whack -a -mole", "speaker_id": "Speaker 1", "words": [ { "start": 1621.37, "end": 1621.73, "word": " models", "probability": 0.9736328125 }, { "start": 1621.73, "end": 1621.93, "word": " just", "probability": 0.99951171875 }, { "start": 1621.93, "end": 1622.15, "word": " some", "probability": 0.41845703125 }, { "start": 1622.15, "end": 1622.27, "word": " degree", "probability": 0.95703125 }, { "start": 1622.27, "end": 1622.49, "word": " have", "probability": 0.99755859375 }, { "start": 1622.49, "end": 1622.61, "word": " to", "probability": 1.0 }, { "start": 1622.61, "end": 1623.03, "word": " be", "probability": 1.0 }, { "start": 1623.03, "end": 1623.29, "word": " understood", "probability": 0.998046875 }, { "start": 1623.29, "end": 1623.53, "word": " as", "probability": 0.95849609375 }, { "start": 1623.53, "end": 1623.95, "word": " existing", "probability": 0.99951171875 }, { "start": 1623.95, "end": 1624.23, "word": " now", "probability": 1.0 }, { "start": 1624.23, "end": 1624.93, "word": " uh", "probability": 0.58837890625 }, { "start": 1624.93, "end": 1625.11, "word": " it's", "probability": 1.0 }, { "start": 1625.11, "end": 1625.21, "word": " like", "probability": 0.99560546875 }, { "start": 1625.21, "end": 1625.45, "word": " whack", "probability": 0.99658203125 }, { "start": 1625.45, "end": 1625.57, "word": "-a", "probability": 0.99072265625 }, { "start": 1625.57, "end": 1625.75, "word": "-mole", "probability": 0.9912109375 } ] }, { "start": 1625.75, "end": 1630.23, "text": "trying to make them not exist uh and they make it so that more than just a small number of", "speaker_id": "Speaker 1", "words": [ { "start": 1625.75, "end": 1625.99, "word": " trying", "probability": 1.0 }, { "start": 1625.99, "end": 1626.13, "word": " to", "probability": 1.0 }, { "start": 1626.13, "end": 1626.25, "word": " make", "probability": 0.99951171875 }, { "start": 1626.25, "end": 1626.37, "word": " them", "probability": 1.0 }, { "start": 1626.37, "end": 1626.57, "word": " not", "probability": 1.0 }, { "start": 1626.57, "end": 1627.01, "word": " exist", "probability": 1.0 }, { "start": 1627.01, "end": 1627.63, "word": " uh", "probability": 0.9990234375 }, { "start": 1627.63, "end": 1628.15, "word": " and", "probability": 1.0 }, { "start": 1628.15, "end": 1628.25, "word": " they", "probability": 0.99951171875 }, { "start": 1628.25, "end": 1628.45, "word": " make", "probability": 1.0 }, { "start": 1628.45, "end": 1628.53, "word": " it", "probability": 0.99951171875 }, { "start": 1628.53, "end": 1628.67, "word": " so", "probability": 0.99951171875 }, { "start": 1628.67, "end": 1628.85, "word": " that", "probability": 0.9970703125 }, { "start": 1628.85, "end": 1629.15, "word": " more", "probability": 1.0 }, { "start": 1629.15, "end": 1629.29, "word": " than", "probability": 1.0 }, { "start": 1629.29, "end": 1629.45, "word": " just", "probability": 1.0 }, { "start": 1629.45, "end": 1629.63, "word": " a", "probability": 1.0 }, { "start": 1629.63, "end": 1629.87, "word": " small", "probability": 0.9990234375 }, { "start": 1629.87, "end": 1630.05, "word": " number", "probability": 0.99951171875 }, { "start": 1630.05, "end": 1630.23, "word": " of", "probability": 0.99951171875 } ] }, { "start": 1630.23, "end": 1634.67, "text": "companies you know can control the tech that we're all using and people can customize and", "speaker_id": "Speaker 1", "words": [ { "start": 1630.23, "end": 1630.53, "word": " companies", "probability": 0.998046875 }, { "start": 1630.53, "end": 1631.29, "word": " you", "probability": 0.99951171875 }, { "start": 1631.29, "end": 1631.37, "word": " know", "probability": 0.99951171875 }, { "start": 1631.37, "end": 1631.57, "word": " can", "probability": 1.0 }, { "start": 1631.57, "end": 1631.91, "word": " control", "probability": 1.0 }, { "start": 1631.91, "end": 1632.13, "word": " the", "probability": 1.0 }, { "start": 1632.13, "end": 1632.35, "word": " tech", "probability": 0.99951171875 }, { "start": 1632.35, "end": 1632.69, "word": " that", "probability": 1.0 }, { "start": 1632.69, "end": 1632.95, "word": " we're", "probability": 0.828857421875 }, { "start": 1632.95, "end": 1633.07, "word": " all", "probability": 0.99951171875 }, { "start": 1633.07, "end": 1633.35, "word": " using", "probability": 0.99951171875 }, { "start": 1633.35, "end": 1633.51, "word": " and", "probability": 1.0 }, { "start": 1633.51, "end": 1633.73, "word": " people", "probability": 0.998046875 }, { "start": 1633.73, "end": 1633.93, "word": " can", "probability": 1.0 }, { "start": 1633.93, "end": 1634.29, "word": " customize", "probability": 0.9990234375 }, { "start": 1634.29, "end": 1634.67, "word": " and", "probability": 1.0 } ] }, { "start": 1634.67, "end": 1639.27, "text": "run locally uh and run more privately and i think all of that is is valuable", "speaker_id": "Speaker 1", "words": [ { "start": 1634.67, "end": 1634.83, "word": " run", "probability": 1.0 }, { "start": 1634.83, "end": 1635.25, "word": " locally", "probability": 0.99951171875 }, { "start": 1635.25, "end": 1636.11, "word": " uh", "probability": 0.96533203125 }, { "start": 1636.11, "end": 1636.39, "word": " and", "probability": 1.0 }, { "start": 1636.39, "end": 1636.69, "word": " run", "probability": 0.994140625 }, { "start": 1636.69, "end": 1636.87, "word": " more", "probability": 1.0 }, { "start": 1636.87, "end": 1637.27, "word": " privately", "probability": 0.99853515625 }, { "start": 1637.27, "end": 1637.81, "word": " and", "probability": 1.0 }, { "start": 1637.81, "end": 1637.91, "word": " i", "probability": 0.99951171875 }, { "start": 1637.91, "end": 1638.07, "word": " think", "probability": 0.99951171875 }, { "start": 1638.07, "end": 1638.23, "word": " all", "probability": 0.99951171875 }, { "start": 1638.23, "end": 1638.35, "word": " of", "probability": 0.6513671875 }, { "start": 1638.35, "end": 1638.41, "word": " that", "probability": 0.99853515625 }, { "start": 1638.41, "end": 1638.61, "word": " is", "probability": 1.0 }, { "start": 1638.61, "end": 1638.93, "word": " is", "probability": 0.986328125 }, { "start": 1638.93, "end": 1639.27, "word": " valuable", "probability": 1.0 } ] }, { "start": 1639.27, "end": 1643.47, "text": "what what economic trend worries you the most um", "speaker_id": "Speaker 2", "words": [ { "start": 1639.27, "end": 1639.95, "word": " what", "probability": 0.9931640625 }, { "start": 1639.95, "end": 1640.27, "word": " what", "probability": 0.99560546875 }, { "start": 1640.27, "end": 1641.25, "word": " economic", "probability": 0.99951171875 }, { "start": 1641.25, "end": 1641.63, "word": " trend", "probability": 0.99951171875 }, { "start": 1641.63, "end": 1641.97, "word": " worries", "probability": 0.99951171875 }, { "start": 1641.97, "end": 1642.13, "word": " you", "probability": 1.0 }, { "start": 1642.13, "end": 1642.25, "word": " the", "probability": 0.99951171875 }, { "start": 1642.25, "end": 1642.75, "word": " most", "probability": 0.99853515625 }, { "start": 1642.75, "end": 1643.47, "word": " um", "probability": 0.9990234375 } ] }, { "start": 1643.47, "end": 1647.21, "text": "i would say it's a it's a couple coming together it's not one thing because these these", "speaker_id": "Speaker 1", "words": [ { "start": 1643.47, "end": 1644.05, "word": " i", "probability": 0.9990234375 }, { "start": 1644.05, "end": 1644.15, "word": " would", "probability": 1.0 }, { "start": 1644.15, "end": 1644.33, "word": " say", "probability": 1.0 }, { "start": 1644.33, "end": 1644.61, "word": " it's", "probability": 1.0 }, { "start": 1644.61, "end": 1644.69, "word": " a", "probability": 0.982421875 }, { "start": 1644.69, "end": 1644.87, "word": " it's", "probability": 0.99462890625 }, { "start": 1644.87, "end": 1644.95, "word": " a", "probability": 1.0 }, { "start": 1644.95, "end": 1645.17, "word": " couple", "probability": 0.99951171875 }, { "start": 1645.17, "end": 1645.45, "word": " coming", "probability": 0.99951171875 }, { "start": 1645.45, "end": 1645.71, "word": " together", "probability": 1.0 }, { "start": 1645.71, "end": 1645.89, "word": " it's", "probability": 0.999755859375 }, { "start": 1645.89, "end": 1646.01, "word": " not", "probability": 1.0 }, { "start": 1646.01, "end": 1646.21, "word": " one", "probability": 1.0 }, { "start": 1646.21, "end": 1646.47, "word": " thing", "probability": 0.99951171875 }, { "start": 1646.47, "end": 1646.75, "word": " because", "probability": 1.0 }, { "start": 1646.75, "end": 1646.99, "word": " these", "probability": 0.9990234375 }, { "start": 1646.99, "end": 1647.21, "word": " these", "probability": 0.7568359375 } ] }, { "start": 1647.21, "end": 1651.79, "text": "things tend to come in clusters so one is just the really big demographic trend right so", "speaker_id": "Speaker 1", "words": [ { "start": 1647.21, "end": 1647.41, "word": " things", "probability": 0.9990234375 }, { "start": 1647.41, "end": 1647.59, "word": " tend", "probability": 1.0 }, { "start": 1647.59, "end": 1647.73, "word": " to", "probability": 1.0 }, { "start": 1647.73, "end": 1647.85, "word": " come", "probability": 1.0 }, { "start": 1647.85, "end": 1647.95, "word": " in", "probability": 0.4970703125 }, { "start": 1647.95, "end": 1648.31, "word": " clusters", "probability": 0.98779296875 }, { "start": 1648.31, "end": 1648.57, "word": " so", "probability": 0.11773681640625 }, { "start": 1648.57, "end": 1649.19, "word": " one", "probability": 0.99755859375 }, { "start": 1649.19, "end": 1649.35, "word": " is", "probability": 0.99951171875 }, { "start": 1649.35, "end": 1649.47, "word": " just", "probability": 0.998046875 }, { "start": 1649.47, "end": 1649.77, "word": " the", "probability": 0.99462890625 }, { "start": 1649.77, "end": 1649.95, "word": " really", "probability": 0.98095703125 }, { "start": 1649.95, "end": 1650.13, "word": " big", "probability": 1.0 }, { "start": 1650.13, "end": 1650.63, "word": " demographic", "probability": 1.0 }, { "start": 1650.63, "end": 1651.07, "word": " trend", "probability": 0.99951171875 }, { "start": 1651.07, "end": 1651.47, "word": " right", "probability": 0.97900390625 }, { "start": 1651.47, "end": 1651.79, "word": " so", "probability": 0.99169921875 } ] }, { "start": 1651.79, "end": 1656.39, "text": "things are easier when you have six workers per retiree than three workers per retiree for", "speaker_id": "Speaker 1", "words": [ { "start": 1651.79, "end": 1652.07, "word": " things", "probability": 0.75537109375 }, { "start": 1652.07, "end": 1652.45, "word": " are", "probability": 0.56396484375 }, { "start": 1652.45, "end": 1652.77, "word": " easier", "probability": 0.9990234375 }, { "start": 1652.77, "end": 1653.01, "word": " when", "probability": 0.99951171875 }, { "start": 1653.01, "end": 1653.11, "word": " you", "probability": 1.0 }, { "start": 1653.11, "end": 1653.35, "word": " have", "probability": 1.0 }, { "start": 1653.35, "end": 1653.63, "word": " six", "probability": 0.99609375 }, { "start": 1653.63, "end": 1653.99, "word": " workers", "probability": 1.0 }, { "start": 1653.99, "end": 1654.21, "word": " per", "probability": 0.99951171875 }, { "start": 1654.21, "end": 1654.73, "word": " retiree", "probability": 0.99560546875 }, { "start": 1654.73, "end": 1654.91, "word": " than", "probability": 0.9765625 }, { "start": 1654.91, "end": 1655.25, "word": " three", "probability": 1.0 }, { "start": 1655.25, "end": 1655.59, "word": " workers", "probability": 1.0 }, { "start": 1655.59, "end": 1655.79, "word": " per", "probability": 0.99951171875 }, { "start": 1655.79, "end": 1656.25, "word": " retiree", "probability": 0.999267578125 }, { "start": 1656.25, "end": 1656.39, "word": " for", "probability": 0.9990234375 } ] }, { "start": 1656.39, "end": 1661.41, "text": "example so as the world has aged uh that is just a that's just a really big challenge i", "speaker_id": "Speaker 1", "words": [ { "start": 1656.39, "end": 1656.71, "word": " example", "probability": 1.0 }, { "start": 1656.71, "end": 1657.27, "word": " so", "probability": 0.9912109375 }, { "start": 1657.27, "end": 1657.57, "word": " as", "probability": 0.9990234375 }, { "start": 1657.57, "end": 1657.69, "word": " the", "probability": 1.0 }, { "start": 1657.69, "end": 1657.91, "word": " world", "probability": 0.99951171875 }, { "start": 1657.91, "end": 1658.07, "word": " has", "probability": 0.44140625 }, { "start": 1658.07, "end": 1658.53, "word": " aged", "probability": 0.9970703125 }, { "start": 1658.53, "end": 1659.15, "word": " uh", "probability": 0.54541015625 }, { "start": 1659.15, "end": 1659.41, "word": " that", "probability": 1.0 }, { "start": 1659.41, "end": 1659.55, "word": " is", "probability": 0.99951171875 }, { "start": 1659.55, "end": 1659.67, "word": " just", "probability": 0.99658203125 }, { "start": 1659.67, "end": 1659.81, "word": " a", "probability": 0.90234375 }, { "start": 1659.81, "end": 1660.09, "word": " that's", "probability": 0.99853515625 }, { "start": 1660.09, "end": 1660.21, "word": " just", "probability": 0.99560546875 }, { "start": 1660.21, "end": 1660.35, "word": " a", "probability": 1.0 }, { "start": 1660.35, "end": 1660.61, "word": " really", "probability": 1.0 }, { "start": 1660.61, "end": 1660.83, "word": " big", "probability": 1.0 }, { "start": 1660.83, "end": 1661.19, "word": " challenge", "probability": 1.0 }, { "start": 1661.19, "end": 1661.41, "word": " i", "probability": 0.79931640625 } ] }, { "start": 1661.41, "end": 1666.63, "text": "mean all of our kind of systems are kind of designed with the theory that every generation", "speaker_id": "Speaker 1", "words": [ { "start": 1661.41, "end": 1661.49, "word": " mean", "probability": 0.99951171875 }, { "start": 1661.49, "end": 1661.95, "word": " all", "probability": 0.99072265625 }, { "start": 1661.95, "end": 1662.09, "word": " of", "probability": 1.0 }, { "start": 1662.09, "end": 1662.25, "word": " our", "probability": 1.0 }, { "start": 1662.25, "end": 1662.47, "word": " kind", "probability": 1.0 }, { "start": 1662.47, "end": 1662.61, "word": " of", "probability": 0.99951171875 }, { "start": 1662.61, "end": 1663.05, "word": " systems", "probability": 1.0 }, { "start": 1663.05, "end": 1663.81, "word": " are", "probability": 1.0 }, { "start": 1663.81, "end": 1664.83, "word": " kind", "probability": 0.99853515625 }, { "start": 1664.83, "end": 1664.95, "word": " of", "probability": 1.0 }, { "start": 1664.95, "end": 1665.37, "word": " designed", "probability": 1.0 }, { "start": 1665.37, "end": 1665.57, "word": " with", "probability": 1.0 }, { "start": 1665.57, "end": 1665.69, "word": " the", "probability": 0.99951171875 }, { "start": 1665.69, "end": 1665.95, "word": " theory", "probability": 0.99951171875 }, { "start": 1665.95, "end": 1666.13, "word": " that", "probability": 0.99951171875 }, { "start": 1666.13, "end": 1666.27, "word": " every", "probability": 0.9873046875 }, { "start": 1666.27, "end": 1666.63, "word": " generation", "probability": 0.9990234375 } ] }, { "start": 1666.63, "end": 1671.37, "text": "is going to be bigger than the prior one and you know when that stopped happening and then", "speaker_id": "Speaker 1", "words": [ { "start": 1666.63, "end": 1666.79, "word": " is", "probability": 0.92236328125 }, { "start": 1666.79, "end": 1666.87, "word": " going", "probability": 0.814453125 }, { "start": 1666.87, "end": 1666.89, "word": " to", "probability": 0.99951171875 }, { "start": 1666.89, "end": 1666.97, "word": " be", "probability": 0.99658203125 }, { "start": 1666.97, "end": 1667.17, "word": " bigger", "probability": 0.99951171875 }, { "start": 1667.17, "end": 1667.31, "word": " than", "probability": 1.0 }, { "start": 1667.31, "end": 1667.43, "word": " the", "probability": 0.9970703125 }, { "start": 1667.43, "end": 1667.65, "word": " prior", "probability": 0.99853515625 }, { "start": 1667.65, "end": 1667.97, "word": " one", "probability": 0.99951171875 }, { "start": 1667.97, "end": 1668.79, "word": " and", "probability": 1.0 }, { "start": 1668.79, "end": 1669.35, "word": " you", "probability": 1.0 }, { "start": 1669.35, "end": 1669.41, "word": " know", "probability": 0.99951171875 }, { "start": 1669.41, "end": 1669.55, "word": " when", "probability": 0.99951171875 }, { "start": 1669.55, "end": 1669.67, "word": " that", "probability": 1.0 }, { "start": 1669.67, "end": 1669.93, "word": " stopped", "probability": 0.99951171875 }, { "start": 1669.93, "end": 1670.41, "word": " happening", "probability": 0.99951171875 }, { "start": 1670.41, "end": 1671.25, "word": " and", "probability": 1.0 }, { "start": 1671.25, "end": 1671.37, "word": " then", "probability": 1.0 } ] }, { "start": 1671.37, "end": 1676.73, "text": "decades pass we're kind of in the paying for it moment now. So we have really big", "speaker_id": "Speaker 1", "words": [ { "start": 1671.37, "end": 1671.75, "word": " decades", "probability": 0.99951171875 }, { "start": 1671.75, "end": 1672.13, "word": " pass", "probability": 0.94677734375 }, { "start": 1672.13, "end": 1673.07, "word": " we're", "probability": 0.999755859375 }, { "start": 1673.07, "end": 1673.25, "word": " kind", "probability": 1.0 }, { "start": 1673.25, "end": 1673.37, "word": " of", "probability": 1.0 }, { "start": 1673.37, "end": 1673.51, "word": " in", "probability": 1.0 }, { "start": 1673.51, "end": 1674.15, "word": " the", "probability": 0.66259765625 }, { "start": 1674.15, "end": 1675.01, "word": " paying", "probability": 0.88037109375 }, { "start": 1675.01, "end": 1675.29, "word": " for", "probability": 0.9111328125 }, { "start": 1675.29, "end": 1675.39, "word": " it", "probability": 0.89794921875 }, { "start": 1675.39, "end": 1675.59, "word": " moment", "probability": 0.998046875 }, { "start": 1675.59, "end": 1675.87, "word": " now.", "probability": 0.98974609375 }, { "start": 1675.99, "end": 1676.05, "word": " So", "probability": 0.818359375 }, { "start": 1676.05, "end": 1676.13, "word": " we", "probability": 0.8955078125 }, { "start": 1676.13, "end": 1676.41, "word": " have", "probability": 0.7978515625 }, { "start": 1676.41, "end": 1676.57, "word": " really", "probability": 0.97216796875 }, { "start": 1676.57, "end": 1676.73, "word": " big", "probability": 0.998046875 } ] }, { "start": 1676.73, "end": 1680.99, "text": "challenges ahead of like Social Security, Medicare in the U .S. And obviously Japan's going", "speaker_id": "Speaker 1", "words": [ { "start": 1676.73, "end": 1677.13, "word": " challenges", "probability": 0.99853515625 }, { "start": 1677.13, "end": 1677.47, "word": " ahead", "probability": 0.99853515625 }, { "start": 1677.47, "end": 1677.67, "word": " of", "probability": 0.99853515625 }, { "start": 1677.67, "end": 1677.91, "word": " like", "probability": 0.79296875 }, { "start": 1677.91, "end": 1678.37, "word": " Social", "probability": 0.6474609375 }, { "start": 1678.37, "end": 1678.71, "word": " Security,", "probability": 0.99755859375 }, { "start": 1678.81, "end": 1679.03, "word": " Medicare", "probability": 0.998046875 }, { "start": 1679.03, "end": 1679.25, "word": " in", "probability": 0.8984375 }, { "start": 1679.25, "end": 1679.33, "word": " the", "probability": 0.99658203125 }, { "start": 1679.33, "end": 1679.43, "word": " U", "probability": 0.358154296875 }, { "start": 1679.43, "end": 1679.63, "word": ".S.", "probability": 0.98876953125 }, { "start": 1679.69, "end": 1679.81, "word": " And", "probability": 0.6328125 }, { "start": 1679.81, "end": 1680.33, "word": " obviously", "probability": 0.98583984375 }, { "start": 1680.33, "end": 1680.83, "word": " Japan's", "probability": 0.75830078125 }, { "start": 1680.83, "end": 1680.99, "word": " going", "probability": 0.99951171875 } ] }, { "start": 1680.99, "end": 1685.67, "text": "through it. Europe's going through it. These are very real challenges. China's going", "speaker_id": "Speaker 1", "words": [ { "start": 1680.99, "end": 1681.21, "word": " through", "probability": 0.99951171875 }, { "start": 1681.21, "end": 1681.37, "word": " it.", "probability": 0.9990234375 }, { "start": 1681.47, "end": 1681.71, "word": " Europe's", "probability": 0.992919921875 }, { "start": 1681.71, "end": 1681.89, "word": " going", "probability": 0.99951171875 }, { "start": 1681.89, "end": 1682.11, "word": " through", "probability": 1.0 }, { "start": 1682.11, "end": 1682.37, "word": " it.", "probability": 1.0 }, { "start": 1683.17, "end": 1683.61, "word": " These", "probability": 0.99462890625 }, { "start": 1683.61, "end": 1683.71, "word": " are", "probability": 1.0 }, { "start": 1683.71, "end": 1683.95, "word": " very", "probability": 0.99951171875 }, { "start": 1683.95, "end": 1684.15, "word": " real", "probability": 0.99755859375 }, { "start": 1684.15, "end": 1684.69, "word": " challenges.", "probability": 0.99951171875 }, { "start": 1685.19, "end": 1685.53, "word": " China's", "probability": 0.940673828125 }, { "start": 1685.53, "end": 1685.67, "word": " going", "probability": 0.99951171875 } ] }, { "start": 1685.67, "end": 1690.41, "text": "through it. So that's like a, that's one, just, that's kind of the massive kind of like", "speaker_id": "Speaker 1", "words": [ { "start": 1685.67, "end": 1685.91, "word": " through", "probability": 1.0 }, { "start": 1685.91, "end": 1686.13, "word": " it.", "probability": 1.0 }, { "start": 1686.85, "end": 1687.29, "word": " So", "probability": 0.97607421875 }, { "start": 1687.29, "end": 1687.63, "word": " that's", "probability": 0.99560546875 }, { "start": 1687.63, "end": 1687.73, "word": " like", "probability": 0.3916015625 }, { "start": 1687.73, "end": 1687.85, "word": " a,", "probability": 0.6015625 }, { "start": 1687.93, "end": 1688.19, "word": " that's", "probability": 0.99951171875 }, { "start": 1688.19, "end": 1688.63, "word": " one,", "probability": 0.9912109375 }, { "start": 1688.87, "end": 1688.97, "word": " just,", "probability": 0.837890625 }, { "start": 1689.05, "end": 1689.33, "word": " that's", "probability": 0.805419921875 }, { "start": 1689.33, "end": 1689.41, "word": " kind", "probability": 0.99755859375 }, { "start": 1689.41, "end": 1689.47, "word": " of", "probability": 1.0 }, { "start": 1689.47, "end": 1689.57, "word": " the", "probability": 0.998046875 }, { "start": 1689.57, "end": 1689.97, "word": " massive", "probability": 1.0 }, { "start": 1689.97, "end": 1690.19, "word": " kind", "probability": 0.97705078125 }, { "start": 1690.19, "end": 1690.27, "word": " of", "probability": 1.0 }, { "start": 1690.27, "end": 1690.41, "word": " like", "probability": 0.99609375 } ] }, { "start": 1690.41, "end": 1697.41, "text": "background thing that's happening. And then when you add, obviously, like breakdowns", "speaker_id": "Speaker 1", "words": [ { "start": 1690.41, "end": 1690.85, "word": " background", "probability": 0.9990234375 }, { "start": 1690.85, "end": 1691.27, "word": " thing", "probability": 0.99951171875 }, { "start": 1691.27, "end": 1691.97, "word": " that's", "probability": 0.996826171875 }, { "start": 1691.97, "end": 1692.29, "word": " happening.", "probability": 0.9990234375 }, { "start": 1692.93, "end": 1693.37, "word": " And", "probability": 0.99365234375 }, { "start": 1693.37, "end": 1693.49, "word": " then", "probability": 0.99951171875 }, { "start": 1693.49, "end": 1693.61, "word": " when", "probability": 0.9990234375 }, { "start": 1693.61, "end": 1693.71, "word": " you", "probability": 1.0 }, { "start": 1693.71, "end": 1694.13, "word": " add,", "probability": 0.99951171875 }, { "start": 1694.47, "end": 1695.11, "word": " obviously,", "probability": 0.99951171875 }, { "start": 1695.47, "end": 1696.63, "word": " like", "probability": 0.998046875 }, { "start": 1696.63, "end": 1697.41, "word": " breakdowns", "probability": 0.988037109375 } ] }, { "start": 1697.41, "end": 1702.79, "text": "in international law compared to a kind of a we kind of went through this like you know", "speaker_id": "Speaker 1", "words": [ { "start": 1697.41, "end": 1697.49, "word": " in", "probability": 0.85498046875 }, { "start": 1697.49, "end": 1697.91, "word": " international", "probability": 0.9970703125 }, { "start": 1697.91, "end": 1698.43, "word": " law", "probability": 0.99951171875 }, { "start": 1698.43, "end": 1699.25, "word": " compared", "probability": 0.75439453125 }, { "start": 1699.25, "end": 1699.55, "word": " to", "probability": 1.0 }, { "start": 1699.55, "end": 1699.73, "word": " a", "probability": 0.9697265625 }, { "start": 1699.73, "end": 1699.85, "word": " kind", "probability": 0.98583984375 }, { "start": 1699.85, "end": 1699.93, "word": " of", "probability": 1.0 }, { "start": 1699.93, "end": 1700.11, "word": " a", "probability": 0.2379150390625 }, { "start": 1700.11, "end": 1700.91, "word": " we", "probability": 0.337890625 }, { "start": 1700.91, "end": 1701.43, "word": " kind", "probability": 0.86669921875 }, { "start": 1701.43, "end": 1701.49, "word": " of", "probability": 1.0 }, { "start": 1701.49, "end": 1701.63, "word": " went", "probability": 1.0 }, { "start": 1701.63, "end": 1701.77, "word": " through", "probability": 0.99951171875 }, { "start": 1701.77, "end": 1701.97, "word": " this", "probability": 0.99951171875 }, { "start": 1701.97, "end": 1702.17, "word": " like", "probability": 0.9296875 }, { "start": 1702.17, "end": 1702.71, "word": " you", "probability": 0.8681640625 }, { "start": 1702.71, "end": 1702.79, "word": " know", "probability": 1.0 } ] }, { "start": 1702.79, "end": 1707.95, "text": "multipolar stage toward a unipolar stage and then kind of going back toward a multipolar", "speaker_id": "Speaker 1", "words": [ { "start": 1702.79, "end": 1703.41, "word": " multipolar", "probability": 0.8662109375 }, { "start": 1703.41, "end": 1703.97, "word": " stage", "probability": 0.99951171875 }, { "start": 1703.97, "end": 1704.55, "word": " toward", "probability": 0.99853515625 }, { "start": 1704.55, "end": 1704.71, "word": " a", "probability": 1.0 }, { "start": 1704.71, "end": 1705.27, "word": " unipolar", "probability": 0.9973958333333334 }, { "start": 1705.27, "end": 1705.63, "word": " stage", "probability": 0.99951171875 }, { "start": 1705.63, "end": 1705.85, "word": " and", "probability": 0.99853515625 }, { "start": 1705.85, "end": 1705.93, "word": " then", "probability": 0.99658203125 }, { "start": 1705.93, "end": 1706.07, "word": " kind", "probability": 0.998046875 }, { "start": 1706.07, "end": 1706.21, "word": " of", "probability": 1.0 }, { "start": 1706.21, "end": 1706.85, "word": " going", "probability": 0.94970703125 }, { "start": 1706.85, "end": 1707.13, "word": " back", "probability": 1.0 }, { "start": 1707.13, "end": 1707.31, "word": " toward", "probability": 0.9453125 }, { "start": 1707.31, "end": 1707.45, "word": " a", "probability": 1.0 }, { "start": 1707.45, "end": 1707.95, "word": " multipolar", "probability": 0.998046875 } ] }, { "start": 1707.95, "end": 1713.39, "text": "stage in terms of geopolitics which is really the more natural stage of things uh but that", "speaker_id": "Speaker 1", "words": [ { "start": 1707.95, "end": 1708.33, "word": " stage", "probability": 0.99951171875 }, { "start": 1708.33, "end": 1708.55, "word": " in", "probability": 1.0 }, { "start": 1708.55, "end": 1708.67, "word": " terms", "probability": 1.0 }, { "start": 1708.67, "end": 1708.81, "word": " of", "probability": 1.0 }, { "start": 1708.81, "end": 1709.57, "word": " geopolitics", "probability": 0.999755859375 }, { "start": 1709.57, "end": 1709.75, "word": " which", "probability": 0.97802734375 }, { "start": 1709.75, "end": 1709.97, "word": " is", "probability": 1.0 }, { "start": 1709.97, "end": 1710.85, "word": " really", "probability": 0.9990234375 }, { "start": 1710.85, "end": 1710.97, "word": " the", "probability": 1.0 }, { "start": 1710.97, "end": 1711.09, "word": " more", "probability": 0.99951171875 }, { "start": 1711.09, "end": 1711.47, "word": " natural", "probability": 0.99951171875 }, { "start": 1711.47, "end": 1711.85, "word": " stage", "probability": 0.9990234375 }, { "start": 1711.85, "end": 1712.07, "word": " of", "probability": 0.9990234375 }, { "start": 1712.07, "end": 1712.37, "word": " things", "probability": 0.99951171875 }, { "start": 1712.37, "end": 1712.93, "word": " uh", "probability": 0.27685546875 }, { "start": 1712.93, "end": 1713.19, "word": " but", "probability": 0.99951171875 }, { "start": 1713.19, "end": 1713.39, "word": " that", "probability": 1.0 } ] }, { "start": 1713.39, "end": 1720.35, "text": "that transition can be uh tumultuous um and then there's like the this the as we deal with", "speaker_id": "Speaker 1", "words": [ { "start": 1713.39, "end": 1713.61, "word": " that", "probability": 0.98828125 }, { "start": 1713.61, "end": 1714.07, "word": " transition", "probability": 1.0 }, { "start": 1714.07, "end": 1714.31, "word": " can", "probability": 1.0 }, { "start": 1714.31, "end": 1714.55, "word": " be", "probability": 1.0 }, { "start": 1714.55, "end": 1714.77, "word": " uh", "probability": 0.93115234375 }, { "start": 1714.77, "end": 1715.45, "word": " tumultuous", "probability": 0.9996744791666666 }, { "start": 1715.45, "end": 1716.47, "word": " um", "probability": 0.99462890625 }, { "start": 1716.47, "end": 1717.21, "word": " and", "probability": 1.0 }, { "start": 1717.21, "end": 1717.35, "word": " then", "probability": 0.99951171875 }, { "start": 1717.35, "end": 1717.63, "word": " there's", "probability": 0.999755859375 }, { "start": 1717.63, "end": 1717.79, "word": " like", "probability": 0.99853515625 }, { "start": 1717.79, "end": 1717.99, "word": " the", "probability": 0.87353515625 }, { "start": 1717.99, "end": 1718.33, "word": " this", "probability": 0.99609375 }, { "start": 1718.33, "end": 1718.53, "word": " the", "probability": 0.99951171875 }, { "start": 1718.53, "end": 1719.99, "word": " as", "probability": 0.99951171875 }, { "start": 1719.99, "end": 1720.13, "word": " we", "probability": 1.0 }, { "start": 1720.13, "end": 1720.25, "word": " deal", "probability": 1.0 }, { "start": 1720.25, "end": 1720.35, "word": " with", "probability": 1.0 } ] }, { "start": 1720.35, "end": 1724.65, "text": "the demographics and as we have these fiscal things locked in I think the two -speed", "speaker_id": "Speaker 1", "words": [ { "start": 1720.35, "end": 1720.43, "word": " the", "probability": 0.99267578125 }, { "start": 1720.43, "end": 1720.95, "word": " demographics", "probability": 0.9951171875 }, { "start": 1720.95, "end": 1721.23, "word": " and", "probability": 1.0 }, { "start": 1721.23, "end": 1721.49, "word": " as", "probability": 0.99267578125 }, { "start": 1721.49, "end": 1721.63, "word": " we", "probability": 1.0 }, { "start": 1721.63, "end": 1721.81, "word": " have", "probability": 1.0 }, { "start": 1721.81, "end": 1721.97, "word": " these", "probability": 0.99853515625 }, { "start": 1721.97, "end": 1722.29, "word": " fiscal", "probability": 0.95654296875 }, { "start": 1722.29, "end": 1722.61, "word": " things", "probability": 1.0 }, { "start": 1722.61, "end": 1722.93, "word": " locked", "probability": 0.99951171875 }, { "start": 1722.93, "end": 1723.21, "word": " in", "probability": 0.99951171875 }, { "start": 1723.21, "end": 1723.87, "word": " I", "probability": 0.9873046875 }, { "start": 1723.87, "end": 1724.01, "word": " think", "probability": 0.99853515625 }, { "start": 1724.01, "end": 1724.17, "word": " the", "probability": 0.99853515625 }, { "start": 1724.17, "end": 1724.39, "word": " two", "probability": 0.998046875 }, { "start": 1724.39, "end": 1724.65, "word": "-speed", "probability": 0.8974609375 } ] }, { "start": 1724.65, "end": 1731.65, "text": "economy that we have in the U .S. is, I mean, to your point, that's a huge factor in", "speaker_id": "Speaker 1", "words": [ { "start": 1724.65, "end": 1725.13, "word": " economy", "probability": 1.0 }, { "start": 1725.13, "end": 1725.31, "word": " that", "probability": 1.0 }, { "start": 1725.31, "end": 1725.39, "word": " we", "probability": 1.0 }, { "start": 1725.39, "end": 1725.59, "word": " have", "probability": 1.0 }, { "start": 1725.59, "end": 1725.73, "word": " in", "probability": 1.0 }, { "start": 1725.73, "end": 1725.81, "word": " the", "probability": 1.0 }, { "start": 1725.81, "end": 1725.93, "word": " U", "probability": 0.55419921875 }, { "start": 1725.93, "end": 1726.23, "word": ".S.", "probability": 0.996337890625 }, { "start": 1727.27, "end": 1727.37, "word": " is,", "probability": 0.98046875 }, { "start": 1727.59, "end": 1728.17, "word": " I", "probability": 0.96923828125 }, { "start": 1728.17, "end": 1729.29, "word": " mean,", "probability": 1.0 }, { "start": 1729.33, "end": 1729.41, "word": " to", "probability": 1.0 }, { "start": 1729.41, "end": 1729.51, "word": " your", "probability": 1.0 }, { "start": 1729.51, "end": 1729.77, "word": " point,", "probability": 1.0 }, { "start": 1729.91, "end": 1730.29, "word": " that's", "probability": 0.9990234375 }, { "start": 1730.29, "end": 1730.69, "word": " a", "probability": 0.99951171875 }, { "start": 1730.69, "end": 1731.13, "word": " huge", "probability": 1.0 }, { "start": 1731.13, "end": 1731.49, "word": " factor", "probability": 1.0 }, { "start": 1731.49, "end": 1731.65, "word": " in", "probability": 1.0 } ] }, { "start": 1731.65, "end": 1732.11, "text": "trust,", "speaker_id": "Speaker 1", "words": [ { "start": 1731.65, "end": 1732.11, "word": " trust,", "probability": 1.0 } ] }, { "start": 1732.53, "end": 1732.83, "text": "right?", "speaker_id": "Speaker 2", "words": [ { "start": 1732.53, "end": 1732.83, "word": " right?", "probability": 1.0 } ] }, { "start": 1733.01, "end": 1738.49, "text": "So people will ask me, like, when do fiscal deficits matter? When does the debt matter? My", "speaker_id": "Speaker 1", "words": [ { "start": 1733.01, "end": 1733.23, "word": " So", "probability": 0.98046875 }, { "start": 1733.23, "end": 1734.59, "word": " people", "probability": 0.9404296875 }, { "start": 1734.59, "end": 1734.81, "word": " will", "probability": 0.85595703125 }, { "start": 1734.81, "end": 1735.03, "word": " ask", "probability": 1.0 }, { "start": 1735.03, "end": 1735.15, "word": " me,", "probability": 1.0 }, { "start": 1735.23, "end": 1735.31, "word": " like,", "probability": 0.8916015625 }, { "start": 1735.37, "end": 1735.49, "word": " when", "probability": 0.99951171875 }, { "start": 1735.49, "end": 1735.63, "word": " do", "probability": 1.0 }, { "start": 1735.63, "end": 1735.97, "word": " fiscal", "probability": 0.998046875 }, { "start": 1735.97, "end": 1736.31, "word": " deficits", "probability": 0.98974609375 }, { "start": 1736.31, "end": 1736.69, "word": " matter?", "probability": 1.0 }, { "start": 1736.81, "end": 1736.91, "word": " When", "probability": 0.99951171875 }, { "start": 1736.91, "end": 1737.11, "word": " does", "probability": 1.0 }, { "start": 1737.11, "end": 1737.25, "word": " the", "probability": 1.0 }, { "start": 1737.25, "end": 1737.43, "word": " debt", "probability": 1.0 }, { "start": 1737.43, "end": 1737.79, "word": " matter?", "probability": 1.0 }, { "start": 1738.05, "end": 1738.49, "word": " My", "probability": 0.9990234375 } ] }, { "start": 1738.49, "end": 1743.97, "text": "answer is it has been mattering, right? It's not the moment a bond auction fails or", "speaker_id": "Speaker 1", "words": [ { "start": 1738.49, "end": 1739.25, "word": " answer", "probability": 1.0 }, { "start": 1739.25, "end": 1739.37, "word": " is", "probability": 1.0 }, { "start": 1739.37, "end": 1739.59, "word": " it", "probability": 0.96533203125 }, { "start": 1739.59, "end": 1739.87, "word": " has", "probability": 1.0 }, { "start": 1739.87, "end": 1740.03, "word": " been", "probability": 1.0 }, { "start": 1740.03, "end": 1740.47, "word": " mattering,", "probability": 0.998779296875 }, { "start": 1740.91, "end": 1741.05, "word": " right?", "probability": 1.0 }, { "start": 1741.07, "end": 1741.25, "word": " It's", "probability": 0.9990234375 }, { "start": 1741.25, "end": 1741.45, "word": " not", "probability": 1.0 }, { "start": 1741.45, "end": 1742.41, "word": " the", "probability": 0.9990234375 }, { "start": 1742.41, "end": 1742.71, "word": " moment", "probability": 1.0 }, { "start": 1742.71, "end": 1742.85, "word": " a", "probability": 0.9970703125 }, { "start": 1742.85, "end": 1743.15, "word": " bond", "probability": 1.0 }, { "start": 1743.15, "end": 1743.51, "word": " auction", "probability": 0.99853515625 }, { "start": 1743.51, "end": 1743.85, "word": " fails", "probability": 0.73779296875 }, { "start": 1743.85, "end": 1743.97, "word": " or", "probability": 0.99951171875 } ] }, { "start": 1743.97, "end": 1749.07, "text": "something crazy because that's not the point here. The point is that when you have these", "speaker_id": "Speaker 1", "words": [ { "start": 1743.97, "end": 1744.21, "word": " something", "probability": 1.0 }, { "start": 1744.21, "end": 1744.65, "word": " crazy", "probability": 1.0 }, { "start": 1744.65, "end": 1744.97, "word": " because", "probability": 0.70166015625 }, { "start": 1744.97, "end": 1745.37, "word": " that's", "probability": 1.0 }, { "start": 1745.37, "end": 1745.83, "word": " not", "probability": 1.0 }, { "start": 1745.83, "end": 1746.01, "word": " the", "probability": 1.0 }, { "start": 1746.01, "end": 1746.27, "word": " point", "probability": 1.0 }, { "start": 1746.27, "end": 1746.53, "word": " here.", "probability": 1.0 }, { "start": 1746.75, "end": 1747.07, "word": " The", "probability": 1.0 }, { "start": 1747.07, "end": 1747.33, "word": " point", "probability": 1.0 }, { "start": 1747.33, "end": 1747.51, "word": " is", "probability": 1.0 }, { "start": 1747.51, "end": 1747.67, "word": " that", "probability": 1.0 }, { "start": 1747.67, "end": 1747.79, "word": " when", "probability": 1.0 }, { "start": 1747.79, "end": 1747.87, "word": " you", "probability": 1.0 }, { "start": 1747.87, "end": 1748.57, "word": " have", "probability": 0.99951171875 }, { "start": 1748.57, "end": 1749.07, "word": " these", "probability": 1.0 } ] }, { "start": 1749.07, "end": 1753.55, "text": "really structural fiscal deficits, there are recipients on some sides of them. and then", "speaker_id": "Speaker 1", "words": [ { "start": 1749.07, "end": 1749.35, "word": " really", "probability": 1.0 }, { "start": 1749.35, "end": 1749.65, "word": " structural", "probability": 1.0 }, { "start": 1749.65, "end": 1749.97, "word": " fiscal", "probability": 0.99609375 }, { "start": 1749.97, "end": 1750.47, "word": " deficits,", "probability": 1.0 }, { "start": 1750.75, "end": 1751.21, "word": " there", "probability": 0.99755859375 }, { "start": 1751.21, "end": 1751.33, "word": " are", "probability": 1.0 }, { "start": 1751.33, "end": 1751.69, "word": " recipients", "probability": 1.0 }, { "start": 1751.69, "end": 1751.97, "word": " on", "probability": 1.0 }, { "start": 1751.97, "end": 1752.19, "word": " some", "probability": 1.0 }, { "start": 1752.19, "end": 1752.55, "word": " sides", "probability": 0.99755859375 }, { "start": 1752.55, "end": 1752.69, "word": " of", "probability": 1.0 }, { "start": 1752.69, "end": 1752.91, "word": " them.", "probability": 1.0 }, { "start": 1753.21, "end": 1753.47, "word": " and", "probability": 0.37548828125 }, { "start": 1753.47, "end": 1753.55, "word": " then", "probability": 0.990234375 } ] }, { "start": 1753.55, "end": 1757.07, "text": "there are others that are not on recipients, but they're kind of paying the cost. For", "speaker_id": "Speaker 1", "words": [ { "start": 1753.55, "end": 1753.67, "word": " there", "probability": 0.9892578125 }, { "start": 1753.67, "end": 1753.81, "word": " are", "probability": 0.99169921875 }, { "start": 1753.81, "end": 1753.97, "word": " others", "probability": 0.99755859375 }, { "start": 1753.97, "end": 1754.11, "word": " that", "probability": 0.99365234375 }, { "start": 1754.11, "end": 1754.21, "word": " are", "probability": 0.9990234375 }, { "start": 1754.21, "end": 1754.39, "word": " not", "probability": 0.99853515625 }, { "start": 1754.39, "end": 1754.55, "word": " on", "probability": 0.98876953125 }, { "start": 1754.55, "end": 1754.97, "word": " recipients,", "probability": 0.7236328125 }, { "start": 1755.23, "end": 1755.29, "word": " but", "probability": 0.9990234375 }, { "start": 1755.29, "end": 1755.55, "word": " they're", "probability": 0.973876953125 }, { "start": 1755.55, "end": 1755.71, "word": " kind", "probability": 0.55078125 }, { "start": 1755.71, "end": 1755.83, "word": " of", "probability": 0.9990234375 }, { "start": 1755.83, "end": 1756.17, "word": " paying", "probability": 0.9970703125 }, { "start": 1756.17, "end": 1756.33, "word": " the", "probability": 0.9990234375 }, { "start": 1756.33, "end": 1756.85, "word": " cost.", "probability": 0.96923828125 }, { "start": 1756.99, "end": 1757.07, "word": " For", "probability": 0.9970703125 } ] }, { "start": 1757.07, "end": 1761.09, "text": "example, higher rates and a new family looking to buy their first home,", "speaker_id": "Speaker 1", "words": [ { "start": 1757.07, "end": 1757.27, "word": " example,", "probability": 0.99951171875 }, { "start": 1757.43, "end": 1757.65, "word": " higher", "probability": 0.994140625 }, { "start": 1757.65, "end": 1758.19, "word": " rates", "probability": 0.99951171875 }, { "start": 1758.19, "end": 1758.75, "word": " and", "probability": 0.8583984375 }, { "start": 1758.75, "end": 1758.85, "word": " a", "probability": 0.9970703125 }, { "start": 1758.85, "end": 1758.97, "word": " new", "probability": 0.99853515625 }, { "start": 1758.97, "end": 1759.25, "word": " family", "probability": 0.99951171875 }, { "start": 1759.25, "end": 1759.47, "word": " looking", "probability": 0.9921875 }, { "start": 1759.47, "end": 1759.69, "word": " to", "probability": 0.9990234375 }, { "start": 1759.69, "end": 1760.13, "word": " buy", "probability": 0.9814453125 }, { "start": 1760.13, "end": 1760.33, "word": " their", "probability": 0.9990234375 }, { "start": 1760.33, "end": 1760.67, "word": " first", "probability": 0.99951171875 }, { "start": 1760.67, "end": 1761.09, "word": " home,", "probability": 0.99951171875 } ] }, { "start": 1761.31, "end": 1761.61, "text": "they're", "speaker_id": "Speaker 2", "words": [ { "start": 1761.31, "end": 1761.61, "word": " they're", "probability": 0.993408203125 } ] }, { "start": 1761.61, "end": 1764.73, "text": "kind of indirectly paying the cost or some of the costs for these deficits.", "speaker_id": "Speaker 1", "words": [ { "start": 1761.61, "end": 1761.73, "word": " kind", "probability": 0.93408203125 }, { "start": 1761.73, "end": 1761.93, "word": " of", "probability": 0.99951171875 }, { "start": 1761.93, "end": 1762.35, "word": " indirectly", "probability": 0.99755859375 }, { "start": 1762.35, "end": 1762.67, "word": " paying", "probability": 0.99560546875 }, { "start": 1762.67, "end": 1762.79, "word": " the", "probability": 0.9912109375 }, { "start": 1762.79, "end": 1763.23, "word": " cost", "probability": 0.892578125 }, { "start": 1763.23, "end": 1763.37, "word": " or", "probability": 0.91015625 }, { "start": 1763.37, "end": 1763.51, "word": " some", "probability": 0.9814453125 }, { "start": 1763.51, "end": 1763.61, "word": " of", "probability": 0.99755859375 }, { "start": 1763.61, "end": 1763.65, "word": " the", "probability": 0.998046875 }, { "start": 1763.65, "end": 1763.97, "word": " costs", "probability": 0.66162109375 }, { "start": 1763.97, "end": 1764.11, "word": " for", "probability": 0.9931640625 }, { "start": 1764.11, "end": 1764.23, "word": " these", "probability": 0.99853515625 }, { "start": 1764.23, "end": 1764.73, "word": " deficits.", "probability": 0.9990234375 } ] }, { "start": 1766.73, "end": 1771.17, "text": "That's where you get, for example, record high stock prices and record low consumer", "speaker_id": "Speaker 1", "words": [ { "start": 1766.73, "end": 1767.17, "word": " That's", "probability": 0.6805419921875 }, { "start": 1767.17, "end": 1767.27, "word": " where", "probability": 0.90185546875 }, { "start": 1767.27, "end": 1767.35, "word": " you", "probability": 0.99853515625 }, { "start": 1767.35, "end": 1767.51, "word": " get,", "probability": 0.9990234375 }, { "start": 1767.57, "end": 1767.67, "word": " for", "probability": 0.99951171875 }, { "start": 1767.67, "end": 1768.01, "word": " example,", "probability": 0.99951171875 }, { "start": 1768.99, "end": 1769.29, "word": " record", "probability": 0.998046875 }, { "start": 1769.29, "end": 1769.47, "word": " high", "probability": 0.98828125 }, { "start": 1769.47, "end": 1769.73, "word": " stock", "probability": 0.99609375 }, { "start": 1769.73, "end": 1770.19, "word": " prices", "probability": 0.99853515625 }, { "start": 1770.19, "end": 1770.33, "word": " and", "probability": 0.9853515625 }, { "start": 1770.33, "end": 1770.61, "word": " record", "probability": 0.99951171875 }, { "start": 1770.61, "end": 1770.81, "word": " low", "probability": 0.99267578125 }, { "start": 1770.81, "end": 1771.17, "word": " consumer", "probability": 0.99853515625 } ] }, { "start": 1771.17, "end": 1776.01, "text": "sentiment, which we touched on for a period of time. Now we're off the ultimate lows, but", "speaker_id": "Speaker 1", "words": [ { "start": 1771.17, "end": 1771.61, "word": " sentiment,", "probability": 0.998046875 }, { "start": 1771.79, "end": 1772.09, "word": " which", "probability": 0.9990234375 }, { "start": 1772.09, "end": 1772.19, "word": " we", "probability": 0.99951171875 }, { "start": 1772.19, "end": 1772.41, "word": " touched", "probability": 0.99755859375 }, { "start": 1772.41, "end": 1772.61, "word": " on", "probability": 0.99951171875 }, { "start": 1772.61, "end": 1772.75, "word": " for", "probability": 0.9990234375 }, { "start": 1772.75, "end": 1772.85, "word": " a", "probability": 0.99951171875 }, { "start": 1772.85, "end": 1772.99, "word": " period", "probability": 0.99951171875 }, { "start": 1772.99, "end": 1773.11, "word": " of", "probability": 0.99951171875 }, { "start": 1773.11, "end": 1773.41, "word": " time.", "probability": 1.0 }, { "start": 1773.81, "end": 1774.25, "word": " Now", "probability": 0.90673828125 }, { "start": 1774.25, "end": 1774.75, "word": " we're", "probability": 0.857421875 }, { "start": 1774.75, "end": 1774.97, "word": " off", "probability": 0.99365234375 }, { "start": 1774.97, "end": 1775.09, "word": " the", "probability": 0.998046875 }, { "start": 1775.09, "end": 1775.41, "word": " ultimate", "probability": 0.99658203125 }, { "start": 1775.41, "end": 1775.79, "word": " lows,", "probability": 0.99853515625 }, { "start": 1775.81, "end": 1776.01, "word": " but", "probability": 0.99853515625 } ] }, { "start": 1776.01, "end": 1782.67, "text": "you still have this unusually big divide between asset holders, deficit recipients,", "speaker_id": "Speaker 1", "words": [ { "start": 1776.01, "end": 1776.43, "word": " you", "probability": 0.9873046875 }, { "start": 1776.43, "end": 1776.75, "word": " still", "probability": 0.96923828125 }, { "start": 1776.75, "end": 1776.87, "word": " have", "probability": 0.998046875 }, { "start": 1776.87, "end": 1776.99, "word": " this", "probability": 0.99853515625 }, { "start": 1776.99, "end": 1777.49, "word": " unusually", "probability": 0.99951171875 }, { "start": 1777.49, "end": 1777.73, "word": " big", "probability": 0.99951171875 }, { "start": 1777.73, "end": 1778.23, "word": " divide", "probability": 0.99951171875 }, { "start": 1778.23, "end": 1779.03, "word": " between", "probability": 0.9951171875 }, { "start": 1779.03, "end": 1780.15, "word": " asset", "probability": 0.9970703125 }, { "start": 1780.15, "end": 1780.65, "word": " holders,", "probability": 0.970703125 }, { "start": 1780.99, "end": 1781.73, "word": " deficit", "probability": 0.99072265625 }, { "start": 1781.73, "end": 1782.67, "word": " recipients,", "probability": 0.98828125 } ] }, { "start": 1783.21, "end": 1787.87, "text": "And non -asset holders and, you know, not deficit recipients. And I think that's, it's", "speaker_id": "Speaker 1", "words": [ { "start": 1783.21, "end": 1783.53, "word": " And", "probability": 0.35009765625 }, { "start": 1783.53, "end": 1783.87, "word": " non", "probability": 0.9775390625 }, { "start": 1783.87, "end": 1784.21, "word": "-asset", "probability": 0.83935546875 }, { "start": 1784.21, "end": 1784.51, "word": " holders", "probability": 0.994140625 }, { "start": 1784.51, "end": 1784.81, "word": " and,", "probability": 0.9130859375 }, { "start": 1784.81, "end": 1785.57, "word": " you", "probability": 0.9580078125 }, { "start": 1785.57, "end": 1785.63, "word": " know,", "probability": 1.0 }, { "start": 1785.73, "end": 1785.91, "word": " not", "probability": 0.9990234375 }, { "start": 1785.91, "end": 1786.45, "word": " deficit", "probability": 0.990234375 }, { "start": 1786.45, "end": 1786.95, "word": " recipients.", "probability": 1.0 }, { "start": 1787.13, "end": 1787.17, "word": " And", "probability": 0.99853515625 }, { "start": 1787.17, "end": 1787.27, "word": " I", "probability": 0.9990234375 }, { "start": 1787.27, "end": 1787.37, "word": " think", "probability": 1.0 }, { "start": 1787.37, "end": 1787.63, "word": " that's,", "probability": 0.930419921875 }, { "start": 1787.71, "end": 1787.87, "word": " it's", "probability": 1.0 } ] }, { "start": 1787.87, "end": 1791.59, "text": "just, it's a mess, I think. And it does concern me.", "speaker_id": "Speaker 1", "words": [ { "start": 1787.87, "end": 1788.03, "word": " just,", "probability": 0.9921875 }, { "start": 1788.15, "end": 1789.39, "word": " it's", "probability": 0.98828125 }, { "start": 1789.39, "end": 1789.51, "word": " a", "probability": 1.0 }, { "start": 1789.51, "end": 1789.81, "word": " mess,", "probability": 1.0 }, { "start": 1789.81, "end": 1790.13, "word": " I", "probability": 1.0 }, { "start": 1790.13, "end": 1790.47, "word": " think.", "probability": 1.0 }, { "start": 1790.59, "end": 1790.61, "word": " And", "probability": 0.95703125 }, { "start": 1790.61, "end": 1790.91, "word": " it", "probability": 0.99951171875 }, { "start": 1790.91, "end": 1791.09, "word": " does", "probability": 1.0 }, { "start": 1791.09, "end": 1791.43, "word": " concern", "probability": 1.0 }, { "start": 1791.43, "end": 1791.59, "word": " me.", "probability": 1.0 } ] }, { "start": 1792.09, "end": 1796.99, "text": "Yeah, it's a mess. And I feel like this is, you know, back to your point about sort of the", "speaker_id": "Speaker 2", "words": [ { "start": 1792.09, "end": 1792.31, "word": " Yeah,", "probability": 0.99462890625 }, { "start": 1792.45, "end": 1792.79, "word": " it's", "probability": 1.0 }, { "start": 1792.79, "end": 1792.91, "word": " a", "probability": 1.0 }, { "start": 1792.91, "end": 1793.15, "word": " mess.", "probability": 1.0 }, { "start": 1793.27, "end": 1793.33, "word": " And", "probability": 0.9931640625 }, { "start": 1793.33, "end": 1793.99, "word": " I", "probability": 1.0 }, { "start": 1793.99, "end": 1794.29, "word": " feel", "probability": 1.0 }, { "start": 1794.29, "end": 1794.47, "word": " like", "probability": 1.0 }, { "start": 1794.47, "end": 1794.67, "word": " this", "probability": 1.0 }, { "start": 1794.67, "end": 1794.89, "word": " is,", "probability": 1.0 }, { "start": 1795.03, "end": 1795.09, "word": " you", "probability": 0.9970703125 }, { "start": 1795.09, "end": 1795.17, "word": " know,", "probability": 1.0 }, { "start": 1795.19, "end": 1795.39, "word": " back", "probability": 0.998046875 }, { "start": 1795.39, "end": 1795.51, "word": " to", "probability": 1.0 }, { "start": 1795.51, "end": 1795.61, "word": " your", "probability": 1.0 }, { "start": 1795.61, "end": 1795.81, "word": " point", "probability": 1.0 }, { "start": 1795.81, "end": 1796.13, "word": " about", "probability": 0.99951171875 }, { "start": 1796.13, "end": 1796.43, "word": " sort", "probability": 0.99462890625 }, { "start": 1796.43, "end": 1796.55, "word": " of", "probability": 1.0 }, { "start": 1796.55, "end": 1796.99, "word": " the", "probability": 0.99951171875 } ] }, { "start": 1796.99, "end": 1803.73, "text": "lack of information. We're kind of going back down in information because if you", "speaker_id": "Speaker 2", "words": [ { "start": 1796.99, "end": 1798.91, "word": " lack", "probability": 0.93505859375 }, { "start": 1798.91, "end": 1799.17, "word": " of", "probability": 1.0 }, { "start": 1799.17, "end": 1799.57, "word": " information.", "probability": 1.0 }, { "start": 1799.85, "end": 1799.87, "word": " We're", "probability": 0.998291015625 }, { "start": 1799.87, "end": 1799.99, "word": " kind", "probability": 0.99951171875 }, { "start": 1799.99, "end": 1800.07, "word": " of", "probability": 1.0 }, { "start": 1800.07, "end": 1800.29, "word": " going", "probability": 1.0 }, { "start": 1800.29, "end": 1800.51, "word": " back", "probability": 1.0 }, { "start": 1800.51, "end": 1800.95, "word": " down", "probability": 1.0 }, { "start": 1800.95, "end": 1801.11, "word": " in", "probability": 0.99951171875 }, { "start": 1801.11, "end": 1801.63, "word": " information", "probability": 1.0 }, { "start": 1801.63, "end": 1802.01, "word": " because", "probability": 0.7841796875 }, { "start": 1802.01, "end": 1803.15, "word": " if", "probability": 0.99951171875 }, { "start": 1803.15, "end": 1803.73, "word": " you", "probability": 1.0 } ] }, { "start": 1803.73, "end": 1809.67, "text": "are, have any young people in your life, like this is incredibly apparent to you. You know,", "speaker_id": "Speaker 2", "words": [ { "start": 1803.73, "end": 1804.87, "word": " are,", "probability": 0.54638671875 }, { "start": 1805.09, "end": 1805.69, "word": " have", "probability": 0.9990234375 }, { "start": 1805.69, "end": 1805.87, "word": " any", "probability": 0.99560546875 }, { "start": 1805.87, "end": 1806.13, "word": " young", "probability": 1.0 }, { "start": 1806.13, "end": 1806.49, "word": " people", "probability": 1.0 }, { "start": 1806.49, "end": 1806.67, "word": " in", "probability": 1.0 }, { "start": 1806.67, "end": 1806.81, "word": " your", "probability": 1.0 }, { "start": 1806.81, "end": 1807.13, "word": " life,", "probability": 1.0 }, { "start": 1807.29, "end": 1807.37, "word": " like", "probability": 0.99560546875 }, { "start": 1807.37, "end": 1807.61, "word": " this", "probability": 0.81494140625 }, { "start": 1807.61, "end": 1807.79, "word": " is", "probability": 1.0 }, { "start": 1807.79, "end": 1808.47, "word": " incredibly", "probability": 1.0 }, { "start": 1808.47, "end": 1808.89, "word": " apparent", "probability": 1.0 }, { "start": 1808.89, "end": 1809.11, "word": " to", "probability": 1.0 }, { "start": 1809.11, "end": 1809.27, "word": " you.", "probability": 1.0 }, { "start": 1809.49, "end": 1809.53, "word": " You", "probability": 0.958984375 }, { "start": 1809.53, "end": 1809.67, "word": " know,", "probability": 1.0 } ] }, { "start": 1809.85, "end": 1814.41, "text": "I have college age kids and it's the level. And people like to say they're sort of anxious.", "speaker_id": "Speaker 2", "words": [ { "start": 1809.85, "end": 1810.01, "word": " I", "probability": 1.0 }, { "start": 1810.01, "end": 1810.17, "word": " have", "probability": 1.0 }, { "start": 1810.17, "end": 1810.81, "word": " college", "probability": 0.890625 }, { "start": 1810.81, "end": 1811.11, "word": " age", "probability": 0.385009765625 }, { "start": 1811.11, "end": 1811.49, "word": " kids", "probability": 1.0 }, { "start": 1811.49, "end": 1811.73, "word": " and", "probability": 0.9833984375 }, { "start": 1811.73, "end": 1811.97, "word": " it's", "probability": 0.998291015625 }, { "start": 1811.97, "end": 1812.31, "word": " the", "probability": 0.99853515625 }, { "start": 1812.31, "end": 1812.75, "word": " level.", "probability": 0.99853515625 }, { "start": 1812.75, "end": 1813.11, "word": " And", "probability": 0.62451171875 }, { "start": 1813.11, "end": 1813.33, "word": " people", "probability": 0.99853515625 }, { "start": 1813.33, "end": 1813.49, "word": " like", "probability": 1.0 }, { "start": 1813.49, "end": 1813.59, "word": " to", "probability": 1.0 }, { "start": 1813.59, "end": 1813.71, "word": " say", "probability": 1.0 }, { "start": 1813.71, "end": 1813.85, "word": " they're", "probability": 0.993408203125 }, { "start": 1813.85, "end": 1813.95, "word": " sort", "probability": 0.990234375 }, { "start": 1813.95, "end": 1814.03, "word": " of", "probability": 0.99951171875 }, { "start": 1814.03, "end": 1814.41, "word": " anxious.", "probability": 1.0 } ] }, { "start": 1814.67, "end": 1819.53, "text": "No, they're not. They're accurately looking at what's going on and the fact that they're", "speaker_id": "Speaker 2", "words": [ { "start": 1814.67, "end": 1815.07, "word": " No,", "probability": 0.744140625 }, { "start": 1815.13, "end": 1815.21, "word": " they're", "probability": 0.999755859375 }, { "start": 1815.21, "end": 1815.41, "word": " not.", "probability": 1.0 }, { "start": 1815.85, "end": 1816.25, "word": " They're", "probability": 0.6527099609375 }, { "start": 1816.25, "end": 1817.09, "word": " accurately", "probability": 0.99951171875 }, { "start": 1817.09, "end": 1817.49, "word": " looking", "probability": 1.0 }, { "start": 1817.49, "end": 1817.69, "word": " at", "probability": 1.0 }, { "start": 1817.69, "end": 1817.91, "word": " what's", "probability": 1.0 }, { "start": 1817.91, "end": 1818.15, "word": " going", "probability": 1.0 }, { "start": 1818.15, "end": 1818.55, "word": " on", "probability": 1.0 }, { "start": 1818.55, "end": 1819.01, "word": " and", "probability": 0.90283203125 }, { "start": 1819.01, "end": 1819.11, "word": " the", "probability": 1.0 }, { "start": 1819.11, "end": 1819.27, "word": " fact", "probability": 1.0 }, { "start": 1819.27, "end": 1819.41, "word": " that", "probability": 1.0 }, { "start": 1819.41, "end": 1819.53, "word": " they're", "probability": 1.0 } ] }, { "start": 1819.53, "end": 1823.83, "text": "getting screwed and they're very concerned about the future. But you talk to other people", "speaker_id": "Speaker 2", "words": [ { "start": 1819.53, "end": 1819.69, "word": " getting", "probability": 1.0 }, { "start": 1819.69, "end": 1820.19, "word": " screwed", "probability": 1.0 }, { "start": 1820.19, "end": 1820.55, "word": " and", "probability": 0.75927734375 }, { "start": 1820.55, "end": 1820.71, "word": " they're", "probability": 1.0 }, { "start": 1820.71, "end": 1821.01, "word": " very", "probability": 1.0 }, { "start": 1821.01, "end": 1821.35, "word": " concerned", "probability": 1.0 }, { "start": 1821.35, "end": 1821.49, "word": " about", "probability": 1.0 }, { "start": 1821.49, "end": 1821.63, "word": " the", "probability": 1.0 }, { "start": 1821.63, "end": 1821.97, "word": " future.", "probability": 1.0 }, { "start": 1822.27, "end": 1822.67, "word": " But", "probability": 0.99853515625 }, { "start": 1822.67, "end": 1823.05, "word": " you", "probability": 0.9921875 }, { "start": 1823.05, "end": 1823.25, "word": " talk", "probability": 0.99951171875 }, { "start": 1823.25, "end": 1823.35, "word": " to", "probability": 1.0 }, { "start": 1823.35, "end": 1823.49, "word": " other", "probability": 1.0 }, { "start": 1823.49, "end": 1823.83, "word": " people", "probability": 1.0 } ] }, { "start": 1823.83, "end": 1827.01, "text": "and depending on what space you're in, the media that they're getting directed at them and", "speaker_id": "Speaker 2", "words": [ { "start": 1823.83, "end": 1824.03, "word": " and", "probability": 0.82861328125 }, { "start": 1824.03, "end": 1824.29, "word": " depending", "probability": 0.99951171875 }, { "start": 1824.29, "end": 1824.45, "word": " on", "probability": 1.0 }, { "start": 1824.45, "end": 1824.57, "word": " what", "probability": 1.0 }, { "start": 1824.57, "end": 1824.81, "word": " space", "probability": 1.0 }, { "start": 1824.81, "end": 1824.97, "word": " you're", "probability": 0.99951171875 }, { "start": 1824.97, "end": 1825.03, "word": " in,", "probability": 1.0 }, { "start": 1825.09, "end": 1825.19, "word": " the", "probability": 0.86328125 }, { "start": 1825.19, "end": 1825.47, "word": " media", "probability": 0.99951171875 }, { "start": 1825.47, "end": 1825.65, "word": " that", "probability": 0.96484375 }, { "start": 1825.65, "end": 1825.83, "word": " they're", "probability": 1.0 }, { "start": 1825.83, "end": 1826.11, "word": " getting", "probability": 1.0 }, { "start": 1826.11, "end": 1826.45, "word": " directed", "probability": 1.0 }, { "start": 1826.45, "end": 1826.65, "word": " at", "probability": 1.0 }, { "start": 1826.65, "end": 1826.91, "word": " them", "probability": 0.99951171875 }, { "start": 1826.91, "end": 1827.01, "word": " and", "probability": 0.9541015625 } ] }, { "start": 1827.01, "end": 1832.11, "text": "the messaging, the campaign ads, this is not reality. And I talked to Mike Green one time", "speaker_id": "Speaker 2", "words": [ { "start": 1827.01, "end": 1827.09, "word": " the", "probability": 1.0 }, { "start": 1827.09, "end": 1827.55, "word": " messaging,", "probability": 0.99951171875 }, { "start": 1827.83, "end": 1828.07, "word": " the", "probability": 1.0 }, { "start": 1828.07, "end": 1828.49, "word": " campaign", "probability": 1.0 }, { "start": 1828.49, "end": 1828.91, "word": " ads,", "probability": 1.0 }, { "start": 1829.09, "end": 1829.49, "word": " this", "probability": 0.56201171875 }, { "start": 1829.49, "end": 1830.01, "word": " is", "probability": 1.0 }, { "start": 1830.01, "end": 1830.15, "word": " not", "probability": 0.9990234375 }, { "start": 1830.15, "end": 1830.63, "word": " reality.", "probability": 1.0 }, { "start": 1830.91, "end": 1831.13, "word": " And", "probability": 0.99365234375 }, { "start": 1831.13, "end": 1831.21, "word": " I", "probability": 1.0 }, { "start": 1831.21, "end": 1831.35, "word": " talked", "probability": 1.0 }, { "start": 1831.35, "end": 1831.45, "word": " to", "probability": 1.0 }, { "start": 1831.45, "end": 1831.61, "word": " Mike", "probability": 0.99951171875 }, { "start": 1831.61, "end": 1831.77, "word": " Green", "probability": 0.97314453125 }, { "start": 1831.77, "end": 1831.93, "word": " one", "probability": 0.99951171875 }, { "start": 1831.93, "end": 1832.11, "word": " time", "probability": 1.0 } ] }, { "start": 1832.11, "end": 1837.35, "text": "and one of his concerns was that rich people aren't even in shared spaces with other folks", "speaker_id": "Speaker 2", "words": [ { "start": 1832.11, "end": 1832.27, "word": " and", "probability": 0.9306640625 }, { "start": 1832.27, "end": 1832.37, "word": " one", "probability": 1.0 }, { "start": 1832.37, "end": 1832.45, "word": " of", "probability": 1.0 }, { "start": 1832.45, "end": 1832.57, "word": " his", "probability": 1.0 }, { "start": 1832.57, "end": 1832.91, "word": " concerns", "probability": 1.0 }, { "start": 1832.91, "end": 1833.13, "word": " was", "probability": 1.0 }, { "start": 1833.13, "end": 1833.29, "word": " that", "probability": 0.99951171875 }, { "start": 1833.29, "end": 1833.93, "word": " rich", "probability": 0.93212890625 }, { "start": 1833.93, "end": 1834.19, "word": " people", "probability": 1.0 }, { "start": 1834.19, "end": 1834.41, "word": " aren't", "probability": 1.0 }, { "start": 1834.41, "end": 1834.55, "word": " even", "probability": 1.0 }, { "start": 1834.55, "end": 1834.89, "word": " in", "probability": 0.97265625 }, { "start": 1834.89, "end": 1835.19, "word": " shared", "probability": 0.998046875 }, { "start": 1835.19, "end": 1835.73, "word": " spaces", "probability": 0.99853515625 }, { "start": 1835.73, "end": 1836.51, "word": " with", "probability": 0.99853515625 }, { "start": 1836.51, "end": 1836.79, "word": " other", "probability": 1.0 }, { "start": 1836.79, "end": 1837.35, "word": " folks", "probability": 1.0 } ] }, { "start": 1837.35, "end": 1841.93, "text": "now. Like that's a big change, you know, that sort of, you're not even crossing over and", "speaker_id": "Speaker 2", "words": [ { "start": 1837.35, "end": 1837.61, "word": " now.", "probability": 0.99853515625 }, { "start": 1837.61, "end": 1837.85, "word": " Like", "probability": 0.671875 }, { "start": 1837.85, "end": 1838.41, "word": " that's", "probability": 0.6209716796875 }, { "start": 1838.41, "end": 1838.67, "word": " a", "probability": 1.0 }, { "start": 1838.67, "end": 1838.91, "word": " big", "probability": 1.0 }, { "start": 1838.91, "end": 1839.39, "word": " change,", "probability": 1.0 }, { "start": 1839.59, "end": 1839.59, "word": " you", "probability": 0.93603515625 }, { "start": 1839.59, "end": 1839.67, "word": " know,", "probability": 0.9619140625 }, { "start": 1839.71, "end": 1839.83, "word": " that", "probability": 0.9912109375 }, { "start": 1839.83, "end": 1840.01, "word": " sort", "probability": 0.9921875 }, { "start": 1840.01, "end": 1840.15, "word": " of,", "probability": 1.0 }, { "start": 1840.29, "end": 1840.57, "word": " you're", "probability": 0.9990234375 }, { "start": 1840.57, "end": 1840.63, "word": " not", "probability": 0.99951171875 }, { "start": 1840.63, "end": 1840.73, "word": " even", "probability": 1.0 }, { "start": 1840.73, "end": 1841.17, "word": " crossing", "probability": 1.0 }, { "start": 1841.17, "end": 1841.57, "word": " over", "probability": 1.0 }, { "start": 1841.57, "end": 1841.93, "word": " and", "probability": 0.9990234375 } ] }, { "start": 1841.93, "end": 1847.07, "text": "seeing anyone else's reality. So I think that, you know, pointing that out, I think is", "speaker_id": "Speaker 2", "words": [ { "start": 1841.93, "end": 1842.19, "word": " seeing", "probability": 1.0 }, { "start": 1842.19, "end": 1842.43, "word": " anyone", "probability": 1.0 }, { "start": 1842.43, "end": 1842.75, "word": " else's", "probability": 0.99365234375 }, { "start": 1842.75, "end": 1843.19, "word": " reality.", "probability": 1.0 }, { "start": 1843.43, "end": 1843.89, "word": " So", "probability": 0.99951171875 }, { "start": 1843.89, "end": 1844.19, "word": " I", "probability": 0.970703125 }, { "start": 1844.19, "end": 1844.57, "word": " think", "probability": 0.9990234375 }, { "start": 1844.57, "end": 1844.91, "word": " that,", "probability": 1.0 }, { "start": 1845.01, "end": 1845.35, "word": " you", "probability": 0.99951171875 }, { "start": 1845.35, "end": 1845.41, "word": " know,", "probability": 1.0 }, { "start": 1845.55, "end": 1845.77, "word": " pointing", "probability": 1.0 }, { "start": 1845.77, "end": 1846.01, "word": " that", "probability": 1.0 }, { "start": 1846.01, "end": 1846.37, "word": " out,", "probability": 1.0 }, { "start": 1846.39, "end": 1846.67, "word": " I", "probability": 1.0 }, { "start": 1846.67, "end": 1846.83, "word": " think", "probability": 1.0 }, { "start": 1846.83, "end": 1847.07, "word": " is", "probability": 0.95263671875 } ] }, { "start": 1847.07, "end": 1852.79, "text": "really concerning, but it's kind of like out there. It's like right underneath. And I'm", "speaker_id": "Speaker 2", "words": [ { "start": 1847.07, "end": 1848.29, "word": " really", "probability": 0.97216796875 }, { "start": 1848.29, "end": 1848.87, "word": " concerning,", "probability": 1.0 }, { "start": 1848.87, "end": 1849.91, "word": " but", "probability": 1.0 }, { "start": 1849.91, "end": 1850.07, "word": " it's", "probability": 1.0 }, { "start": 1850.07, "end": 1850.25, "word": " kind", "probability": 1.0 }, { "start": 1850.25, "end": 1850.37, "word": " of", "probability": 1.0 }, { "start": 1850.37, "end": 1850.51, "word": " like", "probability": 0.99609375 }, { "start": 1850.51, "end": 1850.79, "word": " out", "probability": 0.99951171875 }, { "start": 1850.79, "end": 1851.01, "word": " there.", "probability": 1.0 }, { "start": 1851.13, "end": 1851.45, "word": " It's", "probability": 0.999755859375 }, { "start": 1851.45, "end": 1851.59, "word": " like", "probability": 0.9970703125 }, { "start": 1851.59, "end": 1851.85, "word": " right", "probability": 1.0 }, { "start": 1851.85, "end": 1852.23, "word": " underneath.", "probability": 1.0 }, { "start": 1852.23, "end": 1852.51, "word": " And", "probability": 0.86572265625 }, { "start": 1852.51, "end": 1852.79, "word": " I'm", "probability": 0.999755859375 } ] }, { "start": 1852.79, "end": 1858.05, "text": "wondering and worrying when that flips to anger, when that anxiety flips to anger. I think", "speaker_id": "Speaker 2", "words": [ { "start": 1852.79, "end": 1853.71, "word": " wondering", "probability": 0.958984375 }, { "start": 1853.71, "end": 1853.93, "word": " and", "probability": 0.998046875 }, { "start": 1853.93, "end": 1854.23, "word": " worrying", "probability": 0.9970703125 }, { "start": 1854.23, "end": 1854.81, "word": " when", "probability": 0.9990234375 }, { "start": 1854.81, "end": 1855.05, "word": " that", "probability": 1.0 }, { "start": 1855.05, "end": 1855.49, "word": " flips", "probability": 0.99853515625 }, { "start": 1855.49, "end": 1855.69, "word": " to", "probability": 1.0 }, { "start": 1855.69, "end": 1856.01, "word": " anger,", "probability": 1.0 }, { "start": 1856.15, "end": 1856.19, "word": " when", "probability": 1.0 }, { "start": 1856.19, "end": 1856.29, "word": " that", "probability": 0.99951171875 }, { "start": 1856.29, "end": 1856.69, "word": " anxiety", "probability": 1.0 }, { "start": 1856.69, "end": 1857.07, "word": " flips", "probability": 0.99951171875 }, { "start": 1857.07, "end": 1857.27, "word": " to", "probability": 1.0 }, { "start": 1857.27, "end": 1857.61, "word": " anger.", "probability": 1.0 }, { "start": 1857.79, "end": 1857.95, "word": " I", "probability": 0.99853515625 }, { "start": 1857.95, "end": 1858.05, "word": " think", "probability": 1.0 } ] }, { "start": 1858.05, "end": 1862.59, "text": "the midterms are going to be really interesting to see whether folks decide to vote on that", "speaker_id": "Speaker 2", "words": [ { "start": 1858.05, "end": 1858.15, "word": " the", "probability": 1.0 }, { "start": 1858.15, "end": 1858.51, "word": " midterms", "probability": 0.9998372395833334 }, { "start": 1858.51, "end": 1858.63, "word": " are", "probability": 1.0 }, { "start": 1858.63, "end": 1858.71, "word": " going", "probability": 0.93408203125 }, { "start": 1858.71, "end": 1858.75, "word": " to", "probability": 1.0 }, { "start": 1858.75, "end": 1858.85, "word": " be", "probability": 1.0 }, { "start": 1858.85, "end": 1859.03, "word": " really", "probability": 1.0 }, { "start": 1859.03, "end": 1859.47, "word": " interesting", "probability": 1.0 }, { "start": 1859.47, "end": 1859.71, "word": " to", "probability": 1.0 }, { "start": 1859.71, "end": 1859.93, "word": " see", "probability": 1.0 }, { "start": 1859.93, "end": 1860.23, "word": " whether", "probability": 1.0 }, { "start": 1860.23, "end": 1861.13, "word": " folks", "probability": 1.0 }, { "start": 1861.13, "end": 1861.65, "word": " decide", "probability": 1.0 }, { "start": 1861.65, "end": 1861.85, "word": " to", "probability": 1.0 }, { "start": 1861.85, "end": 1862.13, "word": " vote", "probability": 1.0 }, { "start": 1862.13, "end": 1862.37, "word": " on", "probability": 1.0 }, { "start": 1862.37, "end": 1862.59, "word": " that", "probability": 1.0 } ] }, { "start": 1862.59, "end": 1867.53, "text": "or whether they just have given up on the systems and the process altogether, which carries", "speaker_id": "Speaker 2", "words": [ { "start": 1862.59, "end": 1862.75, "word": " or", "probability": 0.962890625 }, { "start": 1862.75, "end": 1862.97, "word": " whether", "probability": 1.0 }, { "start": 1862.97, "end": 1863.11, "word": " they", "probability": 1.0 }, { "start": 1863.11, "end": 1863.29, "word": " just", "probability": 1.0 }, { "start": 1863.29, "end": 1863.45, "word": " have", "probability": 1.0 }, { "start": 1863.45, "end": 1863.63, "word": " given", "probability": 1.0 }, { "start": 1863.63, "end": 1863.83, "word": " up", "probability": 1.0 }, { "start": 1863.83, "end": 1863.97, "word": " on", "probability": 1.0 }, { "start": 1863.97, "end": 1864.09, "word": " the", "probability": 1.0 }, { "start": 1864.09, "end": 1864.47, "word": " systems", "probability": 1.0 }, { "start": 1864.47, "end": 1864.71, "word": " and", "probability": 1.0 }, { "start": 1864.71, "end": 1865.29, "word": " the", "probability": 1.0 }, { "start": 1865.29, "end": 1865.73, "word": " process", "probability": 0.986328125 }, { "start": 1865.73, "end": 1866.21, "word": " altogether,", "probability": 0.9990234375 }, { "start": 1866.21, "end": 1867.15, "word": " which", "probability": 1.0 }, { "start": 1867.15, "end": 1867.53, "word": " carries", "probability": 1.0 } ] }, { "start": 1867.53, "end": 1874.51, "text": "its own risk, I think. You're doing something really interesting. um so can we remain on", "speaker_id": "Speaker 2", "words": [ { "start": 1867.53, "end": 1867.71, "word": " its", "probability": 1.0 }, { "start": 1867.71, "end": 1867.87, "word": " own", "probability": 1.0 }, { "start": 1867.87, "end": 1868.13, "word": " risk,", "probability": 1.0 }, { "start": 1868.23, "end": 1868.29, "word": " I", "probability": 1.0 }, { "start": 1868.29, "end": 1868.49, "word": " think.", "probability": 1.0 }, { "start": 1868.71, "end": 1869.07, "word": " You're", "probability": 0.99853515625 }, { "start": 1869.07, "end": 1869.35, "word": " doing", "probability": 1.0 }, { "start": 1869.35, "end": 1870.89, "word": " something", "probability": 0.98876953125 }, { "start": 1870.89, "end": 1871.19, "word": " really", "probability": 1.0 }, { "start": 1871.19, "end": 1871.81, "word": " interesting.", "probability": 1.0 }, { "start": 1871.81, "end": 1872.29, "word": " um", "probability": 0.00408935546875 }, { "start": 1872.29, "end": 1873.49, "word": " so", "probability": 0.7451171875 }, { "start": 1873.49, "end": 1873.67, "word": " can", "probability": 1.0 }, { "start": 1873.67, "end": 1873.83, "word": " we", "probability": 1.0 }, { "start": 1873.83, "end": 1874.23, "word": " remain", "probability": 1.0 }, { "start": 1874.23, "end": 1874.51, "word": " on", "probability": 1.0 } ] }, { "start": 1874.51, "end": 1878.39, "text": "that path first of all before i ask you about this can we remain on a path where the", "speaker_id": "Speaker 2", "words": [ { "start": 1874.51, "end": 1874.69, "word": " that", "probability": 1.0 }, { "start": 1874.69, "end": 1874.99, "word": " path", "probability": 1.0 }, { "start": 1874.99, "end": 1875.27, "word": " first", "probability": 0.9970703125 }, { "start": 1875.27, "end": 1875.39, "word": " of", "probability": 1.0 }, { "start": 1875.39, "end": 1875.49, "word": " all", "probability": 1.0 }, { "start": 1875.49, "end": 1875.69, "word": " before", "probability": 0.99853515625 }, { "start": 1875.69, "end": 1875.77, "word": " i", "probability": 0.63671875 }, { "start": 1875.77, "end": 1875.93, "word": " ask", "probability": 0.98291015625 }, { "start": 1875.93, "end": 1875.99, "word": " you", "probability": 0.6474609375 }, { "start": 1875.99, "end": 1876.05, "word": " about", "probability": 0.99853515625 }, { "start": 1876.05, "end": 1876.17, "word": " this", "probability": 1.0 }, { "start": 1876.17, "end": 1876.49, "word": " can", "probability": 0.99951171875 }, { "start": 1876.49, "end": 1876.59, "word": " we", "probability": 1.0 }, { "start": 1876.59, "end": 1876.91, "word": " remain", "probability": 0.99951171875 }, { "start": 1876.91, "end": 1877.07, "word": " on", "probability": 1.0 }, { "start": 1877.07, "end": 1877.17, "word": " a", "probability": 0.9990234375 }, { "start": 1877.17, "end": 1877.47, "word": " path", "probability": 0.9990234375 }, { "start": 1877.47, "end": 1878.01, "word": " where", "probability": 1.0 }, { "start": 1878.01, "end": 1878.39, "word": " the", "probability": 1.0 } ] }, { "start": 1878.39, "end": 1885.25, "text": "economy the consumer generationally things are so bifurcated um is that sustainable", "speaker_id": "Speaker 2", "words": [ { "start": 1878.39, "end": 1878.99, "word": " economy", "probability": 0.99951171875 }, { "start": 1878.99, "end": 1879.27, "word": " the", "probability": 0.99853515625 }, { "start": 1879.27, "end": 1879.91, "word": " consumer", "probability": 1.0 }, { "start": 1879.91, "end": 1881.51, "word": " generationally", "probability": 0.99951171875 }, { "start": 1881.51, "end": 1882.25, "word": " things", "probability": 1.0 }, { "start": 1882.25, "end": 1882.41, "word": " are", "probability": 1.0 }, { "start": 1882.41, "end": 1882.59, "word": " so", "probability": 1.0 }, { "start": 1882.59, "end": 1883.37, "word": " bifurcated", "probability": 0.9998046875 }, { "start": 1883.37, "end": 1884.01, "word": " um", "probability": 0.99755859375 }, { "start": 1884.01, "end": 1884.49, "word": " is", "probability": 1.0 }, { "start": 1884.49, "end": 1884.65, "word": " that", "probability": 1.0 }, { "start": 1884.65, "end": 1885.25, "word": " sustainable", "probability": 1.0 } ] }, { "start": 1885.25, "end": 1892.09, "text": "can we live in this like sort of two two -tier economy for a long period of time or does", "speaker_id": "Speaker 2", "words": [ { "start": 1885.25, "end": 1885.55, "word": " can", "probability": 0.9990234375 }, { "start": 1885.55, "end": 1885.73, "word": " we", "probability": 0.99951171875 }, { "start": 1885.73, "end": 1885.99, "word": " live", "probability": 1.0 }, { "start": 1885.99, "end": 1886.13, "word": " in", "probability": 0.99951171875 }, { "start": 1886.13, "end": 1886.29, "word": " this", "probability": 0.9990234375 }, { "start": 1886.29, "end": 1886.45, "word": " like", "probability": 0.98583984375 }, { "start": 1886.45, "end": 1886.63, "word": " sort", "probability": 0.9501953125 }, { "start": 1886.63, "end": 1886.79, "word": " of", "probability": 0.99951171875 }, { "start": 1886.79, "end": 1887.09, "word": " two", "probability": 0.99560546875 }, { "start": 1887.09, "end": 1887.45, "word": " two", "probability": 0.96923828125 }, { "start": 1887.45, "end": 1887.71, "word": "-tier", "probability": 0.85400390625 }, { "start": 1887.71, "end": 1888.25, "word": " economy", "probability": 1.0 }, { "start": 1888.25, "end": 1889.85, "word": " for", "probability": 0.99951171875 }, { "start": 1889.85, "end": 1890.51, "word": " a", "probability": 1.0 }, { "start": 1890.51, "end": 1890.77, "word": " long", "probability": 1.0 }, { "start": 1890.77, "end": 1890.99, "word": " period", "probability": 1.0 }, { "start": 1890.99, "end": 1891.13, "word": " of", "probability": 0.99951171875 }, { "start": 1891.13, "end": 1891.47, "word": " time", "probability": 1.0 }, { "start": 1891.47, "end": 1891.81, "word": " or", "probability": 1.0 }, { "start": 1891.81, "end": 1892.09, "word": " does", "probability": 1.0 } ] }, { "start": 1892.09, "end": 1895.25, "text": "this necessarily come to a head somewhere yeah", "speaker_id": "Speaker 2", "words": [ { "start": 1892.09, "end": 1892.43, "word": " this", "probability": 1.0 }, { "start": 1893.03, "end": 1893.51, "word": " necessarily", "probability": 1.0 }, { "start": 1893.51, "end": 1893.99, "word": " come", "probability": 1.0 }, { "start": 1893.99, "end": 1894.15, "word": " to", "probability": 0.99951171875 }, { "start": 1894.15, "end": 1894.29, "word": " a", "probability": 0.998046875 }, { "start": 1894.29, "end": 1894.41, "word": " head", "probability": 0.9990234375 }, { "start": 1894.41, "end": 1894.77, "word": " somewhere", "probability": 1.0 }, { "start": 1894.77, "end": 1895.25, "word": " yeah", "probability": 0.998046875 } ] }, { "start": 1895.25, "end": 1899.07, "text": "it's a good question i mean i think it can go on longer than people think i mean the kind", "speaker_id": "Speaker 1", "words": [ { "start": 1895.25, "end": 1895.37, "word": " it's", "probability": 0.947998046875 }, { "start": 1895.37, "end": 1895.41, "word": " a", "probability": 0.99853515625 }, { "start": 1895.41, "end": 1895.49, "word": " good", "probability": 0.99609375 }, { "start": 1895.49, "end": 1895.75, "word": " question", "probability": 0.99951171875 }, { "start": 1895.75, "end": 1895.91, "word": " i", "probability": 0.99658203125 }, { "start": 1895.91, "end": 1895.93, "word": " mean", "probability": 0.99169921875 }, { "start": 1895.93, "end": 1896.15, "word": " i", "probability": 1.0 }, { "start": 1896.15, "end": 1896.33, "word": " think", "probability": 1.0 }, { "start": 1896.33, "end": 1896.43, "word": " it", "probability": 0.9111328125 }, { "start": 1896.43, "end": 1896.53, "word": " can", "probability": 1.0 }, { "start": 1896.53, "end": 1896.67, "word": " go", "probability": 0.99951171875 }, { "start": 1896.67, "end": 1896.79, "word": " on", "probability": 0.99951171875 }, { "start": 1896.79, "end": 1897.09, "word": " longer", "probability": 1.0 }, { "start": 1897.09, "end": 1897.23, "word": " than", "probability": 0.90576171875 }, { "start": 1897.23, "end": 1897.51, "word": " people", "probability": 0.9990234375 }, { "start": 1897.51, "end": 1897.85, "word": " think", "probability": 1.0 }, { "start": 1897.85, "end": 1897.99, "word": " i", "probability": 0.072021484375 }, { "start": 1897.99, "end": 1898.17, "word": " mean", "probability": 1.0 }, { "start": 1898.17, "end": 1898.69, "word": " the", "probability": 0.99609375 }, { "start": 1898.69, "end": 1899.07, "word": " kind", "probability": 0.98046875 } ] }, { "start": 1899.07, "end": 1904.05, "text": "of entire political structure of aristocracy for example was able to sustain something like", "speaker_id": "Speaker 1", "words": [ { "start": 1899.07, "end": 1899.19, "word": " of", "probability": 1.0 }, { "start": 1899.19, "end": 1899.57, "word": " entire", "probability": 0.81494140625 }, { "start": 1899.57, "end": 1900.03, "word": " political", "probability": 1.0 }, { "start": 1900.03, "end": 1900.45, "word": " structure", "probability": 1.0 }, { "start": 1900.45, "end": 1900.69, "word": " of", "probability": 1.0 }, { "start": 1900.69, "end": 1901.53, "word": " aristocracy", "probability": 0.98291015625 }, { "start": 1901.53, "end": 1901.79, "word": " for", "probability": 1.0 }, { "start": 1901.79, "end": 1902.15, "word": " example", "probability": 0.99951171875 }, { "start": 1902.15, "end": 1902.85, "word": " was", "probability": 0.9990234375 }, { "start": 1902.85, "end": 1903.01, "word": " able", "probability": 1.0 }, { "start": 1903.01, "end": 1903.13, "word": " to", "probability": 1.0 }, { "start": 1903.13, "end": 1903.53, "word": " sustain", "probability": 0.99951171875 }, { "start": 1903.53, "end": 1903.85, "word": " something", "probability": 1.0 }, { "start": 1903.85, "end": 1904.05, "word": " like", "probability": 1.0 } ] }, { "start": 1904.05, "end": 1909.25, "text": "that for a very long period of time uh obviously that's a different era uh you know", "speaker_id": "Speaker 1", "words": [ { "start": 1904.05, "end": 1904.25, "word": " that", "probability": 0.99853515625 }, { "start": 1904.25, "end": 1904.45, "word": " for", "probability": 0.99951171875 }, { "start": 1904.45, "end": 1904.55, "word": " a", "probability": 1.0 }, { "start": 1904.55, "end": 1904.69, "word": " very", "probability": 0.9892578125 }, { "start": 1904.69, "end": 1904.89, "word": " long", "probability": 1.0 }, { "start": 1904.89, "end": 1905.09, "word": " period", "probability": 1.0 }, { "start": 1905.09, "end": 1905.23, "word": " of", "probability": 1.0 }, { "start": 1905.23, "end": 1905.53, "word": " time", "probability": 1.0 }, { "start": 1905.53, "end": 1906.47, "word": " uh", "probability": 0.96484375 }, { "start": 1906.47, "end": 1907.41, "word": " obviously", "probability": 0.9970703125 }, { "start": 1907.41, "end": 1907.63, "word": " that's", "probability": 0.76904296875 }, { "start": 1907.63, "end": 1907.77, "word": " a", "probability": 0.99853515625 }, { "start": 1907.77, "end": 1907.91, "word": " different", "probability": 0.99560546875 }, { "start": 1907.91, "end": 1908.25, "word": " era", "probability": 0.99951171875 }, { "start": 1908.25, "end": 1908.73, "word": " uh", "probability": 0.99560546875 }, { "start": 1908.73, "end": 1909.17, "word": " you", "probability": 0.99951171875 }, { "start": 1909.17, "end": 1909.25, "word": " know", "probability": 0.99853515625 } ] }, { "start": 1909.25, "end": 1914.83, "text": "different different uh time and space um but you can absolutely have just just very", "speaker_id": "Speaker 1", "words": [ { "start": 1909.25, "end": 1909.55, "word": " different", "probability": 0.9619140625 }, { "start": 1909.55, "end": 1909.93, "word": " different", "probability": 0.99462890625 }, { "start": 1909.93, "end": 1910.21, "word": " uh", "probability": 0.93798828125 }, { "start": 1910.21, "end": 1910.59, "word": " time", "probability": 1.0 }, { "start": 1910.59, "end": 1910.77, "word": " and", "probability": 0.99560546875 }, { "start": 1910.77, "end": 1911.09, "word": " space", "probability": 0.99853515625 }, { "start": 1911.09, "end": 1911.81, "word": " um", "probability": 0.99658203125 }, { "start": 1911.81, "end": 1912.61, "word": " but", "probability": 1.0 }, { "start": 1912.61, "end": 1912.79, "word": " you", "probability": 1.0 }, { "start": 1912.79, "end": 1913.03, "word": " can", "probability": 0.81982421875 }, { "start": 1913.03, "end": 1913.35, "word": " absolutely", "probability": 0.9501953125 }, { "start": 1913.35, "end": 1913.85, "word": " have", "probability": 1.0 }, { "start": 1913.85, "end": 1914.13, "word": " just", "probability": 1.0 }, { "start": 1914.13, "end": 1914.37, "word": " just", "probability": 0.99072265625 }, { "start": 1914.37, "end": 1914.83, "word": " very", "probability": 1.0 } ] }, { "start": 1914.83, "end": 1921.09, "text": "different um economic realities uh obviously political structures matter differently so for", "speaker_id": "Speaker 1", "words": [ { "start": 1914.83, "end": 1915.37, "word": " different", "probability": 1.0 }, { "start": 1915.37, "end": 1915.95, "word": " um", "probability": 0.9716796875 }, { "start": 1915.95, "end": 1916.65, "word": " economic", "probability": 1.0 }, { "start": 1916.65, "end": 1917.13, "word": " realities", "probability": 1.0 }, { "start": 1917.13, "end": 1917.85, "word": " uh", "probability": 0.67822265625 }, { "start": 1917.85, "end": 1918.21, "word": " obviously", "probability": 0.99951171875 }, { "start": 1918.21, "end": 1918.67, "word": " political", "probability": 0.99951171875 }, { "start": 1918.67, "end": 1919.23, "word": " structures", "probability": 0.9990234375 }, { "start": 1919.23, "end": 1919.85, "word": " matter", "probability": 1.0 }, { "start": 1919.85, "end": 1920.41, "word": " differently", "probability": 1.0 }, { "start": 1920.41, "end": 1920.87, "word": " so", "probability": 1.0 }, { "start": 1920.87, "end": 1921.09, "word": " for", "probability": 1.0 } ] }, { "start": 1921.09, "end": 1927.03, "text": "example people vote and and and things like that um but it you know i the risk is that it", "speaker_id": "Speaker 1", "words": [ { "start": 1921.09, "end": 1921.35, "word": " example", "probability": 0.998046875 }, { "start": 1921.35, "end": 1921.63, "word": " people", "probability": 0.99951171875 }, { "start": 1921.63, "end": 1921.97, "word": " vote", "probability": 0.99951171875 }, { "start": 1921.97, "end": 1922.27, "word": " and", "probability": 1.0 }, { "start": 1922.27, "end": 1922.49, "word": " and", "probability": 0.99951171875 }, { "start": 1922.49, "end": 1922.77, "word": " and", "probability": 0.88818359375 }, { "start": 1922.77, "end": 1922.97, "word": " things", "probability": 0.99951171875 }, { "start": 1922.97, "end": 1923.13, "word": " like", "probability": 1.0 }, { "start": 1923.13, "end": 1923.45, "word": " that", "probability": 1.0 }, { "start": 1923.45, "end": 1924.19, "word": " um", "probability": 0.99609375 }, { "start": 1924.19, "end": 1924.83, "word": " but", "probability": 1.0 }, { "start": 1924.83, "end": 1924.99, "word": " it", "probability": 1.0 }, { "start": 1924.99, "end": 1925.83, "word": " you", "probability": 1.0 }, { "start": 1925.83, "end": 1925.93, "word": " know", "probability": 1.0 }, { "start": 1925.93, "end": 1926.07, "word": " i", "probability": 0.9052734375 }, { "start": 1926.07, "end": 1926.39, "word": " the", "probability": 0.99951171875 }, { "start": 1926.39, "end": 1926.69, "word": " risk", "probability": 0.99951171875 }, { "start": 1926.69, "end": 1926.83, "word": " is", "probability": 1.0 }, { "start": 1926.83, "end": 1926.93, "word": " that", "probability": 0.998046875 }, { "start": 1926.93, "end": 1927.03, "word": " it", "probability": 0.75634765625 } ] }, { "start": 1927.03, "end": 1932.07, "text": "breaks one way or the other. You get the two kind of the horseshoe theory, kind of the", "speaker_id": "Speaker 1", "words": [ { "start": 1927.03, "end": 1927.41, "word": " breaks", "probability": 0.99365234375 }, { "start": 1927.41, "end": 1927.63, "word": " one", "probability": 0.99755859375 }, { "start": 1927.63, "end": 1927.81, "word": " way", "probability": 0.99072265625 }, { "start": 1927.81, "end": 1927.93, "word": " or", "probability": 0.9931640625 }, { "start": 1927.93, "end": 1928.01, "word": " the", "probability": 0.751953125 }, { "start": 1928.01, "end": 1928.03, "word": " other.", "probability": 1.0 }, { "start": 1928.19, "end": 1928.19, "word": " You", "probability": 0.98828125 }, { "start": 1928.19, "end": 1928.67, "word": " get", "probability": 0.99951171875 }, { "start": 1928.67, "end": 1930.13, "word": " the", "probability": 0.93017578125 }, { "start": 1930.13, "end": 1930.73, "word": " two", "probability": 0.5322265625 }, { "start": 1930.73, "end": 1930.89, "word": " kind", "probability": 0.580078125 }, { "start": 1930.89, "end": 1930.97, "word": " of", "probability": 0.998046875 }, { "start": 1930.97, "end": 1931.05, "word": " the", "probability": 0.88671875 }, { "start": 1931.05, "end": 1931.41, "word": " horseshoe", "probability": 0.996337890625 }, { "start": 1931.41, "end": 1931.67, "word": " theory,", "probability": 0.99951171875 }, { "start": 1931.81, "end": 1931.87, "word": " kind", "probability": 0.9775390625 }, { "start": 1931.87, "end": 1931.93, "word": " of", "probability": 1.0 }, { "start": 1931.93, "end": 1932.07, "word": " the", "probability": 0.99951171875 } ] }, { "start": 1932.07, "end": 1936.29, "text": "polls, the radical polls start to kind of gain power because people say, well, if the", "speaker_id": "Speaker 1", "words": [ { "start": 1932.07, "end": 1932.45, "word": " polls,", "probability": 0.66455078125 }, { "start": 1932.73, "end": 1932.87, "word": " the", "probability": 0.994140625 }, { "start": 1932.87, "end": 1933.21, "word": " radical", "probability": 0.99951171875 }, { "start": 1933.21, "end": 1933.65, "word": " polls", "probability": 0.99658203125 }, { "start": 1933.65, "end": 1933.87, "word": " start", "probability": 0.99462890625 }, { "start": 1933.87, "end": 1934.03, "word": " to", "probability": 1.0 }, { "start": 1934.03, "end": 1934.17, "word": " kind", "probability": 0.99462890625 }, { "start": 1934.17, "end": 1934.25, "word": " of", "probability": 1.0 }, { "start": 1934.25, "end": 1934.49, "word": " gain", "probability": 0.99951171875 }, { "start": 1934.49, "end": 1934.89, "word": " power", "probability": 1.0 }, { "start": 1934.89, "end": 1935.09, "word": " because", "probability": 0.962890625 }, { "start": 1935.09, "end": 1935.31, "word": " people", "probability": 1.0 }, { "start": 1935.31, "end": 1935.51, "word": " say,", "probability": 0.958984375 }, { "start": 1935.61, "end": 1935.71, "word": " well,", "probability": 0.9970703125 }, { "start": 1935.85, "end": 1936.21, "word": " if", "probability": 0.99267578125 }, { "start": 1936.21, "end": 1936.29, "word": " the", "probability": 1.0 } ] }, { "start": 1936.29, "end": 1939.45, "text": "status quo is not working, they're going to shift away from kind of anywhere near the", "speaker_id": "Speaker 1", "words": [ { "start": 1936.29, "end": 1936.55, "word": " status", "probability": 1.0 }, { "start": 1936.55, "end": 1936.83, "word": " quo", "probability": 1.0 }, { "start": 1936.83, "end": 1936.97, "word": " is", "probability": 1.0 }, { "start": 1936.97, "end": 1937.11, "word": " not", "probability": 1.0 }, { "start": 1937.11, "end": 1937.49, "word": " working,", "probability": 1.0 }, { "start": 1937.57, "end": 1937.71, "word": " they're", "probability": 0.99951171875 }, { "start": 1937.71, "end": 1937.79, "word": " going", "probability": 0.9853515625 }, { "start": 1937.79, "end": 1937.85, "word": " to", "probability": 1.0 }, { "start": 1937.85, "end": 1938.09, "word": " shift", "probability": 0.99951171875 }, { "start": 1938.09, "end": 1938.35, "word": " away", "probability": 1.0 }, { "start": 1938.35, "end": 1938.59, "word": " from", "probability": 1.0 }, { "start": 1938.59, "end": 1938.77, "word": " kind", "probability": 0.9990234375 }, { "start": 1938.77, "end": 1938.87, "word": " of", "probability": 1.0 }, { "start": 1938.87, "end": 1939.11, "word": " anywhere", "probability": 1.0 }, { "start": 1939.11, "end": 1939.29, "word": " near", "probability": 1.0 }, { "start": 1939.29, "end": 1939.45, "word": " the", "probability": 1.0 } ] }, { "start": 1939.45, "end": 1943.05, "text": "center. And they're going to either go hard right or hard left. And that means different", "speaker_id": "Speaker 1", "words": [ { "start": 1939.45, "end": 1939.75, "word": " center.", "probability": 0.9970703125 }, { "start": 1940.01, "end": 1940.41, "word": " And", "probability": 0.9931640625 }, { "start": 1940.41, "end": 1940.57, "word": " they're", "probability": 0.999755859375 }, { "start": 1940.57, "end": 1940.65, "word": " going", "probability": 0.99951171875 }, { "start": 1940.65, "end": 1940.73, "word": " to", "probability": 1.0 }, { "start": 1940.73, "end": 1940.89, "word": " either", "probability": 0.99951171875 }, { "start": 1940.89, "end": 1941.15, "word": " go", "probability": 1.0 }, { "start": 1941.15, "end": 1941.43, "word": " hard", "probability": 1.0 }, { "start": 1941.43, "end": 1941.63, "word": " right", "probability": 0.99609375 }, { "start": 1941.63, "end": 1941.77, "word": " or", "probability": 1.0 }, { "start": 1941.77, "end": 1941.99, "word": " hard", "probability": 1.0 }, { "start": 1941.99, "end": 1942.27, "word": " left.", "probability": 1.0 }, { "start": 1942.37, "end": 1942.41, "word": " And", "probability": 0.99658203125 }, { "start": 1942.41, "end": 1942.53, "word": " that", "probability": 0.99951171875 }, { "start": 1942.53, "end": 1942.81, "word": " means", "probability": 0.9638671875 }, { "start": 1942.81, "end": 1943.05, "word": " different", "probability": 1.0 } ] }, { "start": 1943.05, "end": 1946.43, "text": "things to different people. But basically, you get these more extreme decision making", "speaker_id": "Speaker 1", "words": [ { "start": 1943.05, "end": 1943.25, "word": " things", "probability": 1.0 }, { "start": 1943.25, "end": 1943.37, "word": " to", "probability": 0.99951171875 }, { "start": 1943.37, "end": 1943.55, "word": " different", "probability": 1.0 }, { "start": 1943.55, "end": 1943.87, "word": " people.", "probability": 1.0 }, { "start": 1944.01, "end": 1944.07, "word": " But", "probability": 0.998046875 }, { "start": 1944.07, "end": 1944.39, "word": " basically,", "probability": 0.99853515625 }, { "start": 1944.49, "end": 1944.87, "word": " you", "probability": 1.0 }, { "start": 1944.87, "end": 1945.05, "word": " get", "probability": 1.0 }, { "start": 1945.05, "end": 1945.27, "word": " these", "probability": 1.0 }, { "start": 1945.27, "end": 1945.47, "word": " more", "probability": 1.0 }, { "start": 1945.47, "end": 1945.81, "word": " extreme", "probability": 1.0 }, { "start": 1945.81, "end": 1946.15, "word": " decision", "probability": 0.9990234375 }, { "start": 1946.15, "end": 1946.43, "word": " making", "probability": 0.79150390625 } ] }, { "start": 1946.43, "end": 1950.69, "text": "points at some points or more extreme election outcomes and things like that. And that can", "speaker_id": "Speaker 1", "words": [ { "start": 1946.43, "end": 1946.91, "word": " points", "probability": 0.99951171875 }, { "start": 1946.91, "end": 1947.03, "word": " at", "probability": 0.9970703125 }, { "start": 1947.03, "end": 1947.17, "word": " some", "probability": 1.0 }, { "start": 1947.17, "end": 1947.43, "word": " points", "probability": 0.7568359375 }, { "start": 1947.43, "end": 1947.55, "word": " or", "probability": 0.96923828125 }, { "start": 1947.55, "end": 1947.77, "word": " more", "probability": 1.0 }, { "start": 1947.77, "end": 1948.05, "word": " extreme", "probability": 0.99951171875 }, { "start": 1948.05, "end": 1948.37, "word": " election", "probability": 1.0 }, { "start": 1948.37, "end": 1948.85, "word": " outcomes", "probability": 1.0 }, { "start": 1948.85, "end": 1949.61, "word": " and", "probability": 0.9296875 }, { "start": 1949.61, "end": 1949.81, "word": " things", "probability": 1.0 }, { "start": 1949.81, "end": 1949.95, "word": " like", "probability": 1.0 }, { "start": 1949.95, "end": 1950.17, "word": " that.", "probability": 1.0 }, { "start": 1950.27, "end": 1950.29, "word": " And", "probability": 0.99169921875 }, { "start": 1950.29, "end": 1950.47, "word": " that", "probability": 1.0 }, { "start": 1950.47, "end": 1950.69, "word": " can", "probability": 0.9755859375 } ] }, { "start": 1950.69, "end": 1956.73, "text": "start kind of fraying certain things. But I think it can often take a lot longer than", "speaker_id": "Speaker 1", "words": [ { "start": 1950.69, "end": 1950.95, "word": " start", "probability": 0.99951171875 }, { "start": 1950.95, "end": 1951.13, "word": " kind", "probability": 0.9990234375 }, { "start": 1951.13, "end": 1951.25, "word": " of", "probability": 1.0 }, { "start": 1951.25, "end": 1951.69, "word": " fraying", "probability": 0.994873046875 }, { "start": 1951.69, "end": 1952.73, "word": " certain", "probability": 0.99853515625 }, { "start": 1952.73, "end": 1953.13, "word": " things.", "probability": 1.0 }, { "start": 1953.67, "end": 1954.11, "word": " But", "probability": 0.77294921875 }, { "start": 1954.11, "end": 1954.27, "word": " I", "probability": 0.99853515625 }, { "start": 1954.27, "end": 1954.47, "word": " think", "probability": 0.9990234375 }, { "start": 1954.47, "end": 1954.61, "word": " it", "probability": 0.99951171875 }, { "start": 1954.61, "end": 1954.99, "word": " can", "probability": 1.0 }, { "start": 1954.99, "end": 1955.23, "word": " often", "probability": 0.89892578125 }, { "start": 1955.23, "end": 1956.03, "word": " take", "probability": 0.99609375 }, { "start": 1956.03, "end": 1956.19, "word": " a", "probability": 1.0 }, { "start": 1956.19, "end": 1956.29, "word": " lot", "probability": 1.0 }, { "start": 1956.29, "end": 1956.59, "word": " longer", "probability": 1.0 }, { "start": 1956.59, "end": 1956.73, "word": " than", "probability": 0.9990234375 } ] }, { "start": 1956.73, "end": 1960.87, "text": "people think. And I also think that the algorithms are a really big deal. Like you", "speaker_id": "Speaker 1", "words": [ { "start": 1956.73, "end": 1957.01, "word": " people", "probability": 1.0 }, { "start": 1957.01, "end": 1957.35, "word": " think.", "probability": 1.0 }, { "start": 1957.59, "end": 1957.95, "word": " And", "probability": 0.95263671875 }, { "start": 1957.95, "end": 1958.03, "word": " I", "probability": 0.99951171875 }, { "start": 1958.03, "end": 1958.19, "word": " also", "probability": 1.0 }, { "start": 1958.19, "end": 1958.37, "word": " think", "probability": 1.0 }, { "start": 1958.37, "end": 1958.49, "word": " that", "probability": 0.9990234375 }, { "start": 1958.49, "end": 1958.65, "word": " the", "probability": 1.0 }, { "start": 1958.65, "end": 1959.33, "word": " algorithms", "probability": 0.99853515625 }, { "start": 1959.33, "end": 1959.77, "word": " are", "probability": 1.0 }, { "start": 1959.77, "end": 1959.99, "word": " a", "probability": 1.0 }, { "start": 1959.99, "end": 1960.17, "word": " really", "probability": 1.0 }, { "start": 1960.17, "end": 1960.33, "word": " big", "probability": 1.0 }, { "start": 1960.33, "end": 1960.57, "word": " deal.", "probability": 1.0 }, { "start": 1960.69, "end": 1960.75, "word": " Like", "probability": 0.479736328125 }, { "start": 1960.75, "end": 1960.87, "word": " you", "probability": 0.908203125 } ] }, { "start": 1960.87, "end": 1966.93, "text": "mentioned the anxiety that people have. Like in social media, like just from a kind of a", "speaker_id": "Speaker 1", "words": [ { "start": 1960.87, "end": 1961.39, "word": " mentioned", "probability": 0.99951171875 }, { "start": 1961.39, "end": 1961.55, "word": " the", "probability": 0.96826171875 }, { "start": 1961.55, "end": 1961.87, "word": " anxiety", "probability": 1.0 }, { "start": 1961.87, "end": 1962.03, "word": " that", "probability": 0.99951171875 }, { "start": 1962.03, "end": 1962.21, "word": " people", "probability": 1.0 }, { "start": 1962.21, "end": 1962.59, "word": " have.", "probability": 1.0 }, { "start": 1962.97, "end": 1963.41, "word": " Like", "probability": 0.8525390625 }, { "start": 1963.41, "end": 1963.75, "word": " in", "probability": 0.98583984375 }, { "start": 1963.75, "end": 1964.07, "word": " social", "probability": 1.0 }, { "start": 1964.07, "end": 1964.41, "word": " media,", "probability": 1.0 }, { "start": 1964.53, "end": 1964.77, "word": " like", "probability": 0.6318359375 }, { "start": 1964.77, "end": 1965.65, "word": " just", "probability": 0.99658203125 }, { "start": 1965.65, "end": 1966.23, "word": " from", "probability": 1.0 }, { "start": 1966.23, "end": 1966.41, "word": " a", "probability": 0.99853515625 }, { "start": 1966.41, "end": 1966.59, "word": " kind", "probability": 0.9970703125 }, { "start": 1966.59, "end": 1966.71, "word": " of", "probability": 1.0 }, { "start": 1966.71, "end": 1966.93, "word": " a", "probability": 0.998046875 } ] }, { "start": 1966.93, "end": 1970.93, "text": "natural standpoint, you know, people being able to communicate with each other over long", "speaker_id": "Speaker 1", "words": [ { "start": 1966.93, "end": 1967.39, "word": " natural", "probability": 0.99951171875 }, { "start": 1967.39, "end": 1967.91, "word": " standpoint,", "probability": 1.0 }, { "start": 1968.21, "end": 1968.21, "word": " you", "probability": 0.5302734375 }, { "start": 1968.21, "end": 1968.31, "word": " know,", "probability": 0.99951171875 }, { "start": 1968.97, "end": 1969.25, "word": " people", "probability": 0.99951171875 }, { "start": 1969.25, "end": 1969.47, "word": " being", "probability": 1.0 }, { "start": 1969.47, "end": 1969.61, "word": " able", "probability": 1.0 }, { "start": 1969.61, "end": 1969.71, "word": " to", "probability": 1.0 }, { "start": 1969.71, "end": 1970.09, "word": " communicate", "probability": 1.0 }, { "start": 1970.09, "end": 1970.29, "word": " with", "probability": 1.0 }, { "start": 1970.29, "end": 1970.43, "word": " each", "probability": 1.0 }, { "start": 1970.43, "end": 1970.55, "word": " other", "probability": 1.0 }, { "start": 1970.55, "end": 1970.69, "word": " over", "probability": 0.9990234375 }, { "start": 1970.69, "end": 1970.93, "word": " long", "probability": 0.99169921875 } ] }, { "start": 1970.93, "end": 1977.07, "text": "distances and find their own groups and tribes is in theory kind of a pretty good thing. uh", "speaker_id": "Speaker 1", "words": [ { "start": 1970.93, "end": 1971.37, "word": " distances", "probability": 1.0 }, { "start": 1971.37, "end": 1971.73, "word": " and", "probability": 0.99755859375 }, { "start": 1971.73, "end": 1972.31, "word": " find", "probability": 0.99951171875 }, { "start": 1972.31, "end": 1972.53, "word": " their", "probability": 0.99951171875 }, { "start": 1972.53, "end": 1972.79, "word": " own", "probability": 1.0 }, { "start": 1972.79, "end": 1973.33, "word": " groups", "probability": 1.0 }, { "start": 1973.33, "end": 1973.49, "word": " and", "probability": 1.0 }, { "start": 1973.49, "end": 1973.89, "word": " tribes", "probability": 1.0 }, { "start": 1973.89, "end": 1974.39, "word": " is", "probability": 0.99951171875 }, { "start": 1974.39, "end": 1975.01, "word": " in", "probability": 0.67529296875 }, { "start": 1975.01, "end": 1975.29, "word": " theory", "probability": 1.0 }, { "start": 1975.29, "end": 1975.49, "word": " kind", "probability": 0.96142578125 }, { "start": 1975.49, "end": 1975.53, "word": " of", "probability": 1.0 }, { "start": 1975.53, "end": 1975.67, "word": " a", "probability": 1.0 }, { "start": 1975.67, "end": 1975.83, "word": " pretty", "probability": 1.0 }, { "start": 1975.83, "end": 1976.01, "word": " good", "probability": 1.0 }, { "start": 1976.01, "end": 1976.31, "word": " thing.", "probability": 1.0 }, { "start": 1976.31, "end": 1977.07, "word": " uh", "probability": 0.00789642333984375 } ] }, { "start": 1977.07, "end": 1983.49, "text": "and one of the one of the kind of the the risks here is just that the the there's a handful", "speaker_id": "Speaker 1", "words": [ { "start": 1977.07, "end": 1977.57, "word": " and", "probability": 0.9404296875 }, { "start": 1977.57, "end": 1977.73, "word": " one", "probability": 1.0 }, { "start": 1977.73, "end": 1977.83, "word": " of", "probability": 1.0 }, { "start": 1977.83, "end": 1977.95, "word": " the", "probability": 1.0 }, { "start": 1977.95, "end": 1978.27, "word": " one", "probability": 0.99169921875 }, { "start": 1978.27, "end": 1978.39, "word": " of", "probability": 1.0 }, { "start": 1978.39, "end": 1978.51, "word": " the", "probability": 1.0 }, { "start": 1978.51, "end": 1978.67, "word": " kind", "probability": 0.99951171875 }, { "start": 1978.67, "end": 1978.77, "word": " of", "probability": 1.0 }, { "start": 1978.77, "end": 1978.93, "word": " the", "probability": 1.0 }, { "start": 1978.93, "end": 1979.57, "word": " the", "probability": 0.9912109375 }, { "start": 1979.57, "end": 1979.85, "word": " risks", "probability": 0.98876953125 }, { "start": 1979.85, "end": 1980.19, "word": " here", "probability": 1.0 }, { "start": 1980.19, "end": 1981.03, "word": " is", "probability": 1.0 }, { "start": 1981.03, "end": 1981.25, "word": " just", "probability": 1.0 }, { "start": 1981.25, "end": 1981.51, "word": " that", "probability": 1.0 }, { "start": 1981.51, "end": 1981.91, "word": " the", "probability": 0.98095703125 }, { "start": 1981.91, "end": 1982.01, "word": " the", "probability": 0.9140625 }, { "start": 1982.01, "end": 1982.95, "word": " there's", "probability": 0.96630859375 }, { "start": 1982.95, "end": 1983.09, "word": " a", "probability": 1.0 }, { "start": 1983.09, "end": 1983.49, "word": " handful", "probability": 0.99951171875 } ] }, { "start": 1983.49, "end": 1988.43, "text": "of really big platforms and they have algorithms uh and they can tune how those algorithms", "speaker_id": "Speaker 1", "words": [ { "start": 1983.49, "end": 1983.69, "word": " of", "probability": 1.0 }, { "start": 1983.69, "end": 1983.91, "word": " really", "probability": 0.99951171875 }, { "start": 1983.91, "end": 1984.11, "word": " big", "probability": 1.0 }, { "start": 1984.11, "end": 1984.63, "word": " platforms", "probability": 1.0 }, { "start": 1984.63, "end": 1985.03, "word": " and", "probability": 1.0 }, { "start": 1985.03, "end": 1985.17, "word": " they", "probability": 1.0 }, { "start": 1985.17, "end": 1985.39, "word": " have", "probability": 1.0 }, { "start": 1985.39, "end": 1985.87, "word": " algorithms", "probability": 1.0 }, { "start": 1985.87, "end": 1986.69, "word": " uh", "probability": 0.83056640625 }, { "start": 1986.69, "end": 1986.97, "word": " and", "probability": 1.0 }, { "start": 1986.97, "end": 1987.07, "word": " they", "probability": 0.99951171875 }, { "start": 1987.07, "end": 1987.21, "word": " can", "probability": 0.99951171875 }, { "start": 1987.21, "end": 1987.47, "word": " tune", "probability": 0.99951171875 }, { "start": 1987.47, "end": 1987.73, "word": " how", "probability": 1.0 }, { "start": 1987.73, "end": 1987.99, "word": " those", "probability": 1.0 }, { "start": 1987.99, "end": 1988.43, "word": " algorithms", "probability": 0.99951171875 } ] }, { "start": 1988.43, "end": 1994.45, "text": "work uh and their incentives are not necessarily to promote virtue among society or promote", "speaker_id": "Speaker 1", "words": [ { "start": 1988.43, "end": 1989.01, "word": " work", "probability": 1.0 }, { "start": 1989.01, "end": 1989.63, "word": " uh", "probability": 0.95849609375 }, { "start": 1989.63, "end": 1990.01, "word": " and", "probability": 1.0 }, { "start": 1990.01, "end": 1990.55, "word": " their", "probability": 0.99951171875 }, { "start": 1990.55, "end": 1990.93, "word": " incentives", "probability": 0.99951171875 }, { "start": 1990.93, "end": 1991.11, "word": " are", "probability": 1.0 }, { "start": 1991.11, "end": 1991.25, "word": " not", "probability": 1.0 }, { "start": 1991.25, "end": 1991.81, "word": " necessarily", "probability": 1.0 }, { "start": 1991.81, "end": 1992.25, "word": " to", "probability": 1.0 }, { "start": 1992.25, "end": 1992.91, "word": " promote", "probability": 0.99951171875 }, { "start": 1992.91, "end": 1993.33, "word": " virtue", "probability": 1.0 }, { "start": 1993.33, "end": 1993.55, "word": " among", "probability": 0.99267578125 }, { "start": 1993.55, "end": 1994.03, "word": " society", "probability": 1.0 }, { "start": 1994.03, "end": 1994.21, "word": " or", "probability": 0.9990234375 }, { "start": 1994.21, "end": 1994.45, "word": " promote", "probability": 0.99951171875 } ] }, { "start": 1994.45, "end": 2000.57, "text": "truth among society they're either to profit maximize uh or they're to kind of like be a", "speaker_id": "Speaker 1", "words": [ { "start": 1994.45, "end": 1994.71, "word": " truth", "probability": 0.99951171875 }, { "start": 1994.71, "end": 1994.89, "word": " among", "probability": 0.9931640625 }, { "start": 1994.89, "end": 1995.29, "word": " society", "probability": 0.99951171875 }, { "start": 1995.29, "end": 1995.51, "word": " they're", "probability": 0.998291015625 }, { "start": 1995.51, "end": 1995.69, "word": " either", "probability": 0.99853515625 }, { "start": 1995.69, "end": 1995.95, "word": " to", "probability": 1.0 }, { "start": 1995.95, "end": 1996.83, "word": " profit", "probability": 0.9990234375 }, { "start": 1996.83, "end": 1997.45, "word": " maximize", "probability": 0.99365234375 }, { "start": 1997.45, "end": 1998.29, "word": " uh", "probability": 0.794921875 }, { "start": 1998.29, "end": 1998.81, "word": " or", "probability": 1.0 }, { "start": 1998.81, "end": 1999.47, "word": " they're", "probability": 0.92138671875 }, { "start": 1999.47, "end": 1999.79, "word": " to", "probability": 0.99951171875 }, { "start": 1999.79, "end": 2000.05, "word": " kind", "probability": 1.0 }, { "start": 2000.05, "end": 2000.15, "word": " of", "probability": 1.0 }, { "start": 2000.15, "end": 2000.27, "word": " like", "probability": 0.9990234375 }, { "start": 2000.27, "end": 2000.43, "word": " be", "probability": 0.99951171875 }, { "start": 2000.43, "end": 2000.57, "word": " a", "probability": 0.99951171875 } ] }, { "start": 2000.57, "end": 2006.15, "text": "funnel for something else um uh like to kind of change discourse around something that that", "speaker_id": "Speaker 1", "words": [ { "start": 2000.57, "end": 2000.79, "word": " funnel", "probability": 0.9970703125 }, { "start": 2000.79, "end": 2000.99, "word": " for", "probability": 1.0 }, { "start": 2000.99, "end": 2001.27, "word": " something", "probability": 0.86279296875 }, { "start": 2001.27, "end": 2001.65, "word": " else", "probability": 0.99951171875 }, { "start": 2001.65, "end": 2002.31, "word": " um", "probability": 0.0479736328125 }, { "start": 2002.31, "end": 2003.25, "word": " uh", "probability": 0.994140625 }, { "start": 2003.25, "end": 2003.61, "word": " like", "probability": 0.99560546875 }, { "start": 2003.61, "end": 2003.91, "word": " to", "probability": 1.0 }, { "start": 2003.91, "end": 2004.07, "word": " kind", "probability": 0.9765625 }, { "start": 2004.07, "end": 2004.19, "word": " of", "probability": 1.0 }, { "start": 2004.19, "end": 2004.59, "word": " change", "probability": 1.0 }, { "start": 2004.59, "end": 2005.07, "word": " discourse", "probability": 1.0 }, { "start": 2005.07, "end": 2005.37, "word": " around", "probability": 1.0 }, { "start": 2005.37, "end": 2005.73, "word": " something", "probability": 1.0 }, { "start": 2005.73, "end": 2005.93, "word": " that", "probability": 1.0 }, { "start": 2005.93, "end": 2006.15, "word": " that", "probability": 0.99951171875 } ] }, { "start": 2006.15, "end": 2011.71, "text": "that that might make profits in a kind of a jason area and actually i did an interview with", "speaker_id": "Speaker 1", "words": [ { "start": 2006.15, "end": 2006.61, "word": " that", "probability": 0.99853515625 }, { "start": 2006.61, "end": 2007.13, "word": " that", "probability": 0.91796875 }, { "start": 2007.13, "end": 2007.55, "word": " might", "probability": 0.6044921875 }, { "start": 2007.55, "end": 2007.77, "word": " make", "probability": 1.0 }, { "start": 2007.77, "end": 2008.23, "word": " profits", "probability": 0.9990234375 }, { "start": 2008.23, "end": 2008.51, "word": " in", "probability": 1.0 }, { "start": 2008.51, "end": 2008.89, "word": " a", "probability": 0.990234375 }, { "start": 2008.89, "end": 2009.01, "word": " kind", "probability": 0.95068359375 }, { "start": 2009.01, "end": 2009.09, "word": " of", "probability": 1.0 }, { "start": 2009.09, "end": 2009.25, "word": " a", "probability": 0.64892578125 }, { "start": 2009.25, "end": 2009.63, "word": " jason", "probability": 0.767822265625 }, { "start": 2009.63, "end": 2009.95, "word": " area", "probability": 0.9990234375 }, { "start": 2009.95, "end": 2010.63, "word": " and", "probability": 0.99951171875 }, { "start": 2010.63, "end": 2010.87, "word": " actually", "probability": 1.0 }, { "start": 2010.87, "end": 2010.99, "word": " i", "probability": 0.96533203125 }, { "start": 2010.99, "end": 2011.13, "word": " did", "probability": 0.99853515625 }, { "start": 2011.13, "end": 2011.23, "word": " an", "probability": 1.0 }, { "start": 2011.23, "end": 2011.53, "word": " interview", "probability": 1.0 }, { "start": 2011.53, "end": 2011.71, "word": " with", "probability": 1.0 } ] }, { "start": 2011.71, "end": 2017.13, "text": "jack dorsey about this a couple years ago uh uh you know the the the founder of twitter", "speaker_id": "Speaker 1", "words": [ { "start": 2011.71, "end": 2011.91, "word": " jack", "probability": 0.99755859375 }, { "start": 2011.91, "end": 2012.29, "word": " dorsey", "probability": 0.993896484375 }, { "start": 2012.29, "end": 2012.49, "word": " about", "probability": 1.0 }, { "start": 2012.49, "end": 2012.69, "word": " this", "probability": 1.0 }, { "start": 2012.69, "end": 2012.89, "word": " a", "probability": 1.0 }, { "start": 2012.89, "end": 2013.05, "word": " couple", "probability": 0.9990234375 }, { "start": 2013.05, "end": 2013.29, "word": " years", "probability": 0.9990234375 }, { "start": 2013.29, "end": 2013.63, "word": " ago", "probability": 1.0 }, { "start": 2013.63, "end": 2014.45, "word": " uh", "probability": 0.99951171875 }, { "start": 2014.45, "end": 2014.97, "word": " uh", "probability": 0.99365234375 }, { "start": 2014.97, "end": 2015.45, "word": " you", "probability": 1.0 }, { "start": 2015.45, "end": 2015.53, "word": " know", "probability": 1.0 }, { "start": 2015.53, "end": 2015.89, "word": " the", "probability": 1.0 }, { "start": 2015.89, "end": 2016.03, "word": " the", "probability": 1.0 }, { "start": 2016.03, "end": 2016.45, "word": " the", "probability": 0.89306640625 }, { "start": 2016.45, "end": 2016.73, "word": " founder", "probability": 0.97216796875 }, { "start": 2016.73, "end": 2016.91, "word": " of", "probability": 1.0 }, { "start": 2016.91, "end": 2017.13, "word": " twitter", "probability": 0.9990234375 } ] }, { "start": 2017.13, "end": 2023.71, "text": "because we were kind of looking at decentralized social media's uh market like um that let", "speaker_id": "Speaker 1", "words": [ { "start": 2017.13, "end": 2017.99, "word": " because", "probability": 1.0 }, { "start": 2017.99, "end": 2018.59, "word": " we", "probability": 1.0 }, { "start": 2018.59, "end": 2018.71, "word": " were", "probability": 1.0 }, { "start": 2018.71, "end": 2018.87, "word": " kind", "probability": 1.0 }, { "start": 2018.87, "end": 2018.93, "word": " of", "probability": 1.0 }, { "start": 2018.93, "end": 2019.11, "word": " looking", "probability": 0.99951171875 }, { "start": 2019.11, "end": 2019.29, "word": " at", "probability": 0.99951171875 }, { "start": 2019.29, "end": 2019.83, "word": " decentralized", "probability": 0.9990234375 }, { "start": 2019.83, "end": 2020.59, "word": " social", "probability": 1.0 }, { "start": 2020.59, "end": 2021.15, "word": " media's", "probability": 0.8310546875 }, { "start": 2021.15, "end": 2021.37, "word": " uh", "probability": 0.99755859375 }, { "start": 2021.37, "end": 2022.57, "word": " market", "probability": 0.998046875 }, { "start": 2022.57, "end": 2022.85, "word": " like", "probability": 1.0 }, { "start": 2022.85, "end": 2023.13, "word": " um", "probability": 1.0 }, { "start": 2023.13, "end": 2023.57, "word": " that", "probability": 0.4658203125 }, { "start": 2023.57, "end": 2023.71, "word": " let", "probability": 0.99609375 } ] }, { "start": 2023.71, "end": 2026.31, "text": "you choose your own algorithm and stuff like that", "speaker_id": "Speaker 1", "words": [ { "start": 2023.71, "end": 2023.83, "word": " you", "probability": 1.0 }, { "start": 2023.83, "end": 2024.15, "word": " choose", "probability": 0.99951171875 }, { "start": 2024.15, "end": 2024.31, "word": " your", "probability": 1.0 }, { "start": 2024.31, "end": 2024.53, "word": " own", "probability": 0.99951171875 }, { "start": 2024.53, "end": 2024.97, "word": " algorithm", "probability": 1.0 }, { "start": 2024.97, "end": 2025.59, "word": " and", "probability": 1.0 }, { "start": 2025.59, "end": 2025.77, "word": " stuff", "probability": 1.0 }, { "start": 2025.77, "end": 2025.97, "word": " like", "probability": 1.0 }, { "start": 2025.97, "end": 2026.31, "word": " that", "probability": 1.0 } ] }, { "start": 2026.31, "end": 2026.89, "text": "because", "speaker_id": "Speaker 2", "words": [ { "start": 2026.31, "end": 2026.89, "word": " because", "probability": 0.99951171875 } ] }, { "start": 2026.89, "end": 2030.07, "text": "he was arguing that it's not just because that was a whole like topic of obviously like", "speaker_id": "Speaker 1", "words": [ { "start": 2026.89, "end": 2027.09, "word": " he", "probability": 1.0 }, { "start": 2027.09, "end": 2027.21, "word": " was", "probability": 1.0 }, { "start": 2027.21, "end": 2027.51, "word": " arguing", "probability": 1.0 }, { "start": 2027.51, "end": 2027.71, "word": " that", "probability": 1.0 }, { "start": 2027.71, "end": 2027.93, "word": " it's", "probability": 1.0 }, { "start": 2027.93, "end": 2028.11, "word": " not", "probability": 1.0 }, { "start": 2028.11, "end": 2028.35, "word": " just", "probability": 1.0 }, { "start": 2028.35, "end": 2028.55, "word": " because", "probability": 0.99951171875 }, { "start": 2028.55, "end": 2028.65, "word": " that", "probability": 0.9990234375 }, { "start": 2028.65, "end": 2028.73, "word": " was", "probability": 1.0 }, { "start": 2028.73, "end": 2028.81, "word": " a", "probability": 0.97998046875 }, { "start": 2028.81, "end": 2028.95, "word": " whole", "probability": 0.99951171875 }, { "start": 2028.95, "end": 2029.11, "word": " like", "probability": 0.99755859375 }, { "start": 2029.11, "end": 2029.41, "word": " topic", "probability": 0.99951171875 }, { "start": 2029.41, "end": 2029.61, "word": " of", "probability": 0.94677734375 }, { "start": 2029.61, "end": 2029.89, "word": " obviously", "probability": 0.96875 }, { "start": 2029.89, "end": 2030.07, "word": " like", "probability": 0.80712890625 } ] }, { "start": 2030.07, "end": 2034.59, "text": "social media censorship and things like that and he was arguing i agreed with him that it's", "speaker_id": "Speaker 1", "words": [ { "start": 2030.07, "end": 2030.31, "word": " social", "probability": 0.99755859375 }, { "start": 2030.31, "end": 2030.53, "word": " media", "probability": 1.0 }, { "start": 2030.53, "end": 2030.93, "word": " censorship", "probability": 0.99853515625 }, { "start": 2030.93, "end": 2031.19, "word": " and", "probability": 0.99853515625 }, { "start": 2031.19, "end": 2031.37, "word": " things", "probability": 1.0 }, { "start": 2031.37, "end": 2031.51, "word": " like", "probability": 1.0 }, { "start": 2031.51, "end": 2031.77, "word": " that", "probability": 1.0 }, { "start": 2031.77, "end": 2032.65, "word": " and", "probability": 0.217041015625 }, { "start": 2032.65, "end": 2032.77, "word": " he", "probability": 1.0 }, { "start": 2032.77, "end": 2032.93, "word": " was", "probability": 1.0 }, { "start": 2032.93, "end": 2033.25, "word": " arguing", "probability": 1.0 }, { "start": 2033.25, "end": 2033.43, "word": " i", "probability": 0.4521484375 }, { "start": 2033.43, "end": 2033.67, "word": " agreed", "probability": 0.99560546875 }, { "start": 2033.67, "end": 2033.79, "word": " with", "probability": 1.0 }, { "start": 2033.79, "end": 2033.97, "word": " him", "probability": 0.998046875 }, { "start": 2033.97, "end": 2034.43, "word": " that", "probability": 1.0 }, { "start": 2034.43, "end": 2034.59, "word": " it's", "probability": 0.999755859375 } ] }, { "start": 2034.59, "end": 2039.17, "text": "not just about censorship it's about what the algorithm even has you look at in the first", "speaker_id": "Speaker 1", "words": [ { "start": 2034.59, "end": 2034.77, "word": " not", "probability": 0.99951171875 }, { "start": 2034.77, "end": 2035.09, "word": " just", "probability": 1.0 }, { "start": 2035.09, "end": 2035.35, "word": " about", "probability": 1.0 }, { "start": 2035.35, "end": 2035.81, "word": " censorship", "probability": 0.99951171875 }, { "start": 2035.81, "end": 2036.13, "word": " it's", "probability": 1.0 }, { "start": 2036.13, "end": 2036.47, "word": " about", "probability": 1.0 }, { "start": 2036.47, "end": 2037.23, "word": " what", "probability": 1.0 }, { "start": 2037.23, "end": 2037.37, "word": " the", "probability": 1.0 }, { "start": 2037.37, "end": 2037.71, "word": " algorithm", "probability": 1.0 }, { "start": 2037.71, "end": 2037.93, "word": " even", "probability": 1.0 }, { "start": 2037.93, "end": 2038.29, "word": " has", "probability": 1.0 }, { "start": 2038.29, "end": 2038.43, "word": " you", "probability": 1.0 }, { "start": 2038.43, "end": 2038.65, "word": " look", "probability": 1.0 }, { "start": 2038.65, "end": 2038.77, "word": " at", "probability": 1.0 }, { "start": 2038.77, "end": 2038.89, "word": " in", "probability": 0.99951171875 }, { "start": 2038.89, "end": 2038.97, "word": " the", "probability": 1.0 }, { "start": 2038.97, "end": 2039.17, "word": " first", "probability": 0.99951171875 } ] }, { "start": 2039.17, "end": 2045.57, "text": "place so i've i've you know because i'm pretty active online um i see i've seen specific", "speaker_id": "Speaker 1", "words": [ { "start": 2039.17, "end": 2039.51, "word": " place", "probability": 1.0 }, { "start": 2039.51, "end": 2040.07, "word": " so", "probability": 1.0 }, { "start": 2040.07, "end": 2040.49, "word": " i've", "probability": 0.99853515625 }, { "start": 2040.49, "end": 2040.79, "word": " i've", "probability": 0.906005859375 }, { "start": 2040.79, "end": 2041.15, "word": " you", "probability": 0.9853515625 }, { "start": 2041.15, "end": 2041.25, "word": " know", "probability": 1.0 }, { "start": 2041.25, "end": 2041.67, "word": " because", "probability": 1.0 }, { "start": 2041.67, "end": 2041.83, "word": " i'm", "probability": 1.0 }, { "start": 2041.83, "end": 2042.01, "word": " pretty", "probability": 1.0 }, { "start": 2042.01, "end": 2042.37, "word": " active", "probability": 1.0 }, { "start": 2042.37, "end": 2042.83, "word": " online", "probability": 1.0 }, { "start": 2042.83, "end": 2043.71, "word": " um", "probability": 0.9609375 }, { "start": 2043.71, "end": 2044.09, "word": " i", "probability": 1.0 }, { "start": 2044.09, "end": 2044.59, "word": " see", "probability": 0.5810546875 }, { "start": 2044.59, "end": 2044.99, "word": " i've", "probability": 1.0 }, { "start": 2044.99, "end": 2045.19, "word": " seen", "probability": 1.0 }, { "start": 2045.19, "end": 2045.57, "word": " specific", "probability": 1.0 } ] }, { "start": 2045.57, "end": 2049.67, "text": "cases people just kind of gradually fall into these like rabbit holes that are not not very", "speaker_id": "Speaker 1", "words": [ { "start": 2045.57, "end": 2045.93, "word": " cases", "probability": 1.0 }, { "start": 2045.93, "end": 2046.21, "word": " people", "probability": 1.0 }, { "start": 2046.21, "end": 2046.35, "word": " just", "probability": 1.0 }, { "start": 2046.35, "end": 2046.49, "word": " kind", "probability": 0.99951171875 }, { "start": 2046.49, "end": 2046.55, "word": " of", "probability": 1.0 }, { "start": 2046.55, "end": 2046.87, "word": " gradually", "probability": 0.99462890625 }, { "start": 2046.87, "end": 2047.23, "word": " fall", "probability": 1.0 }, { "start": 2047.23, "end": 2047.47, "word": " into", "probability": 1.0 }, { "start": 2047.47, "end": 2047.65, "word": " these", "probability": 0.99951171875 }, { "start": 2047.65, "end": 2047.77, "word": " like", "probability": 0.9951171875 }, { "start": 2047.77, "end": 2048.07, "word": " rabbit", "probability": 0.9990234375 }, { "start": 2048.07, "end": 2048.33, "word": " holes", "probability": 1.0 }, { "start": 2048.33, "end": 2048.59, "word": " that", "probability": 1.0 }, { "start": 2048.59, "end": 2048.69, "word": " are", "probability": 0.99951171875 }, { "start": 2048.69, "end": 2048.93, "word": " not", "probability": 1.0 }, { "start": 2048.93, "end": 2049.27, "word": " not", "probability": 0.99951171875 }, { "start": 2049.27, "end": 2049.67, "word": " very", "probability": 1.0 } ] }, { "start": 2049.67, "end": 2054.99, "text": "not very healthy and it's kind of i can just see like this the step by step by step by step", "speaker_id": "Speaker 1", "words": [ { "start": 2049.67, "end": 2050.29, "word": " not", "probability": 0.99951171875 }, { "start": 2050.29, "end": 2050.55, "word": " very", "probability": 0.99951171875 }, { "start": 2050.55, "end": 2050.87, "word": " healthy", "probability": 1.0 }, { "start": 2050.87, "end": 2051.57, "word": " and", "probability": 1.0 }, { "start": 2051.57, "end": 2051.91, "word": " it's", "probability": 0.999755859375 }, { "start": 2051.91, "end": 2052.03, "word": " kind", "probability": 0.99267578125 }, { "start": 2052.03, "end": 2052.13, "word": " of", "probability": 0.783203125 }, { "start": 2052.13, "end": 2052.21, "word": " i", "probability": 0.99658203125 }, { "start": 2052.21, "end": 2052.29, "word": " can", "probability": 0.99951171875 }, { "start": 2052.29, "end": 2052.51, "word": " just", "probability": 0.78173828125 }, { "start": 2052.51, "end": 2052.79, "word": " see", "probability": 1.0 }, { "start": 2052.79, "end": 2053.03, "word": " like", "probability": 1.0 }, { "start": 2053.03, "end": 2053.21, "word": " this", "probability": 0.54345703125 }, { "start": 2053.21, "end": 2053.37, "word": " the", "probability": 0.8671875 }, { "start": 2053.37, "end": 2053.61, "word": " step", "probability": 1.0 }, { "start": 2053.61, "end": 2053.81, "word": " by", "probability": 0.998046875 }, { "start": 2053.81, "end": 2054.03, "word": " step", "probability": 1.0 }, { "start": 2054.03, "end": 2054.27, "word": " by", "probability": 1.0 }, { "start": 2054.27, "end": 2054.45, "word": " step", "probability": 1.0 }, { "start": 2054.45, "end": 2054.65, "word": " by", "probability": 0.9990234375 }, { "start": 2054.65, "end": 2054.99, "word": " step", "probability": 0.355224609375 } ] }, { "start": 2054.99, "end": 2060.75, "text": "where them it seems normal but i can just see that person's like in a bubble now like that", "speaker_id": "Speaker 1", "words": [ { "start": 2054.99, "end": 2055.81, "word": " where", "probability": 0.8935546875 }, { "start": 2055.81, "end": 2057.25, "word": " them", "probability": 0.92529296875 }, { "start": 2057.25, "end": 2057.41, "word": " it", "probability": 0.72705078125 }, { "start": 2057.41, "end": 2057.63, "word": " seems", "probability": 0.99951171875 }, { "start": 2057.63, "end": 2057.97, "word": " normal", "probability": 1.0 }, { "start": 2057.97, "end": 2058.19, "word": " but", "probability": 0.8212890625 }, { "start": 2058.19, "end": 2058.29, "word": " i", "probability": 0.78271484375 }, { "start": 2058.29, "end": 2058.41, "word": " can", "probability": 1.0 }, { "start": 2058.41, "end": 2058.59, "word": " just", "probability": 0.8408203125 }, { "start": 2058.59, "end": 2058.69, "word": " see", "probability": 1.0 }, { "start": 2058.69, "end": 2058.83, "word": " that", "probability": 1.0 }, { "start": 2058.83, "end": 2059.25, "word": " person's", "probability": 0.9814453125 }, { "start": 2059.25, "end": 2059.37, "word": " like", "probability": 0.9970703125 }, { "start": 2059.37, "end": 2059.47, "word": " in", "probability": 1.0 }, { "start": 2059.47, "end": 2059.57, "word": " a", "probability": 0.99951171875 }, { "start": 2059.57, "end": 2059.81, "word": " bubble", "probability": 0.99951171875 }, { "start": 2059.81, "end": 2060.09, "word": " now", "probability": 1.0 }, { "start": 2060.09, "end": 2060.55, "word": " like", "probability": 0.99951171875 }, { "start": 2060.55, "end": 2060.75, "word": " that", "probability": 1.0 } ] }, { "start": 2060.75, "end": 2064.45, "text": "person used to be talking about this it's on now they just they're in a deep bubble and i", "speaker_id": "Speaker 1", "words": [ { "start": 2060.75, "end": 2061.03, "word": " person", "probability": 0.99951171875 }, { "start": 2061.03, "end": 2061.23, "word": " used", "probability": 1.0 }, { "start": 2061.23, "end": 2061.31, "word": " to", "probability": 1.0 }, { "start": 2061.31, "end": 2061.37, "word": " be", "probability": 0.99951171875 }, { "start": 2061.37, "end": 2061.55, "word": " talking", "probability": 0.99951171875 }, { "start": 2061.55, "end": 2061.69, "word": " about", "probability": 1.0 }, { "start": 2061.69, "end": 2061.85, "word": " this", "probability": 0.99853515625 }, { "start": 2061.85, "end": 2062.01, "word": " it's", "probability": 0.965087890625 }, { "start": 2062.01, "end": 2062.09, "word": " on", "probability": 0.99365234375 }, { "start": 2062.09, "end": 2062.25, "word": " now", "probability": 1.0 }, { "start": 2062.25, "end": 2062.37, "word": " they", "probability": 1.0 }, { "start": 2062.37, "end": 2062.55, "word": " just", "probability": 0.8642578125 }, { "start": 2062.55, "end": 2062.79, "word": " they're", "probability": 0.999755859375 }, { "start": 2062.79, "end": 2062.91, "word": " in", "probability": 1.0 }, { "start": 2062.91, "end": 2063.01, "word": " a", "probability": 1.0 }, { "start": 2063.01, "end": 2063.17, "word": " deep", "probability": 1.0 }, { "start": 2063.17, "end": 2063.53, "word": " bubble", "probability": 0.9990234375 }, { "start": 2063.53, "end": 2064.23, "word": " and", "probability": 1.0 }, { "start": 2064.23, "end": 2064.45, "word": " i", "probability": 1.0 } ] }, { "start": 2064.45, "end": 2068.33, "text": "think the algorithm feeds into that and going back to sci -fi for example that was one of", "speaker_id": "Speaker 1", "words": [ { "start": 2064.45, "end": 2064.69, "word": " think", "probability": 0.90478515625 }, { "start": 2064.69, "end": 2064.85, "word": " the", "probability": 1.0 }, { "start": 2064.85, "end": 2065.17, "word": " algorithm", "probability": 0.99951171875 }, { "start": 2065.17, "end": 2065.49, "word": " feeds", "probability": 1.0 }, { "start": 2065.49, "end": 2065.71, "word": " into", "probability": 1.0 }, { "start": 2065.71, "end": 2066.05, "word": " that", "probability": 1.0 }, { "start": 2066.05, "end": 2066.49, "word": " and", "probability": 1.0 }, { "start": 2066.49, "end": 2066.65, "word": " going", "probability": 1.0 }, { "start": 2066.65, "end": 2066.79, "word": " back", "probability": 1.0 }, { "start": 2066.79, "end": 2066.95, "word": " to", "probability": 1.0 }, { "start": 2066.95, "end": 2067.15, "word": " sci", "probability": 0.9990234375 }, { "start": 2067.15, "end": 2067.31, "word": "-fi", "probability": 0.99951171875 }, { "start": 2067.31, "end": 2067.51, "word": " for", "probability": 1.0 }, { "start": 2067.51, "end": 2067.77, "word": " example", "probability": 1.0 }, { "start": 2067.77, "end": 2067.99, "word": " that", "probability": 1.0 }, { "start": 2067.99, "end": 2068.11, "word": " was", "probability": 1.0 }, { "start": 2068.11, "end": 2068.27, "word": " one", "probability": 1.0 }, { "start": 2068.27, "end": 2068.33, "word": " of", "probability": 0.99951171875 } ] }, { "start": 2068.33, "end": 2071.87, "text": "the things i thought about a lot is like what does the internet structure even look like", "speaker_id": "Speaker 1", "words": [ { "start": 2068.33, "end": 2068.41, "word": " the", "probability": 0.998046875 }, { "start": 2068.41, "end": 2068.53, "word": " things", "probability": 0.99853515625 }, { "start": 2068.53, "end": 2068.71, "word": " i", "probability": 1.0 }, { "start": 2068.71, "end": 2069.11, "word": " thought", "probability": 0.99951171875 }, { "start": 2069.11, "end": 2069.33, "word": " about", "probability": 1.0 }, { "start": 2069.33, "end": 2069.51, "word": " a", "probability": 0.99951171875 }, { "start": 2069.51, "end": 2069.63, "word": " lot", "probability": 0.99951171875 }, { "start": 2069.63, "end": 2069.81, "word": " is", "probability": 0.99072265625 }, { "start": 2069.81, "end": 2069.91, "word": " like", "probability": 0.98046875 }, { "start": 2069.91, "end": 2070.05, "word": " what", "probability": 1.0 }, { "start": 2070.05, "end": 2070.15, "word": " does", "probability": 0.9892578125 }, { "start": 2070.15, "end": 2070.27, "word": " the", "probability": 0.99853515625 }, { "start": 2070.27, "end": 2070.55, "word": " internet", "probability": 0.99951171875 }, { "start": 2070.55, "end": 2071.11, "word": " structure", "probability": 1.0 }, { "start": 2071.11, "end": 2071.37, "word": " even", "probability": 1.0 }, { "start": 2071.37, "end": 2071.61, "word": " look", "probability": 1.0 }, { "start": 2071.61, "end": 2071.87, "word": " like", "probability": 0.99951171875 } ] }, { "start": 2071.87, "end": 2077.53, "text": "decades out and i kind of envision is almost like a two like one is like a very centralized", "speaker_id": "Speaker 1", "words": [ { "start": 2071.87, "end": 2072.59, "word": " decades", "probability": 1.0 }, { "start": 2072.59, "end": 2072.93, "word": " out", "probability": 0.99951171875 }, { "start": 2072.93, "end": 2073.53, "word": " and", "probability": 1.0 }, { "start": 2073.53, "end": 2073.65, "word": " i", "probability": 1.0 }, { "start": 2073.65, "end": 2073.85, "word": " kind", "probability": 0.99951171875 }, { "start": 2073.85, "end": 2073.97, "word": " of", "probability": 0.99853515625 }, { "start": 2073.97, "end": 2074.35, "word": " envision", "probability": 0.409912109375 }, { "start": 2074.35, "end": 2074.57, "word": " is", "probability": 0.57080078125 }, { "start": 2074.57, "end": 2074.79, "word": " almost", "probability": 0.9990234375 }, { "start": 2074.79, "end": 2074.97, "word": " like", "probability": 0.99951171875 }, { "start": 2074.97, "end": 2075.09, "word": " a", "probability": 0.998046875 }, { "start": 2075.09, "end": 2075.39, "word": " two", "probability": 0.99462890625 }, { "start": 2075.39, "end": 2075.91, "word": " like", "probability": 1.0 }, { "start": 2075.91, "end": 2076.17, "word": " one", "probability": 1.0 }, { "start": 2076.17, "end": 2076.35, "word": " is", "probability": 1.0 }, { "start": 2076.35, "end": 2076.47, "word": " like", "probability": 0.98681640625 }, { "start": 2076.47, "end": 2076.55, "word": " a", "probability": 0.99951171875 }, { "start": 2076.55, "end": 2076.79, "word": " very", "probability": 0.96533203125 }, { "start": 2076.79, "end": 2077.53, "word": " centralized", "probability": 0.998046875 } ] }, { "start": 2077.53, "end": 2084.09, "text": "um censored geolocated kind of just fully wrapped up", "speaker_id": "Speaker 1", "words": [ { "start": 2077.53, "end": 2078.75, "word": " um", "probability": 0.97998046875 }, { "start": 2078.75, "end": 2080.49, "word": " censored", "probability": 0.9794921875 }, { "start": 2080.49, "end": 2082.11, "word": " geolocated", "probability": 0.956787109375 }, { "start": 2082.11, "end": 2082.41, "word": " kind", "probability": 0.99951171875 }, { "start": 2082.41, "end": 2082.49, "word": " of", "probability": 0.9990234375 }, { "start": 2082.49, "end": 2082.71, "word": " just", "probability": 0.17626953125 }, { "start": 2082.71, "end": 2083.19, "word": " fully", "probability": 0.986328125 }, { "start": 2083.19, "end": 2083.79, "word": " wrapped", "probability": 0.9853515625 }, { "start": 2083.79, "end": 2084.09, "word": " up", "probability": 0.9287109375 } ] }, { "start": 2084.09, "end": 2089.85, "text": "system. And then there's all this stuff happening on the edges. And I think that's kind of", "speaker_id": "Speaker 1", "words": [ { "start": 2084.09, "end": 2085.01, "word": " system.", "probability": 0.99560546875 }, { "start": 2085.29, "end": 2085.63, "word": " And", "probability": 0.96484375 }, { "start": 2085.63, "end": 2085.73, "word": " then", "probability": 0.9990234375 }, { "start": 2085.73, "end": 2085.93, "word": " there's", "probability": 0.995361328125 }, { "start": 2085.93, "end": 2086.05, "word": " all", "probability": 0.99951171875 }, { "start": 2086.05, "end": 2086.21, "word": " this", "probability": 0.9990234375 }, { "start": 2086.21, "end": 2086.43, "word": " stuff", "probability": 1.0 }, { "start": 2086.43, "end": 2086.79, "word": " happening", "probability": 0.9990234375 }, { "start": 2086.79, "end": 2086.91, "word": " on", "probability": 0.99951171875 }, { "start": 2086.91, "end": 2087.01, "word": " the", "probability": 0.99951171875 }, { "start": 2087.01, "end": 2087.35, "word": " edges.", "probability": 0.99951171875 }, { "start": 2088.03, "end": 2088.47, "word": " And", "probability": 0.99609375 }, { "start": 2088.47, "end": 2089.21, "word": " I", "probability": 0.67529296875 }, { "start": 2089.21, "end": 2089.37, "word": " think", "probability": 0.99951171875 }, { "start": 2089.37, "end": 2089.59, "word": " that's", "probability": 0.999755859375 }, { "start": 2089.59, "end": 2089.73, "word": " kind", "probability": 0.96337890625 }, { "start": 2089.73, "end": 2089.85, "word": " of", "probability": 1.0 } ] }, { "start": 2089.85, "end": 2093.25, "text": "the direction we're going in. But it's something I think about a lot, that centralized", "speaker_id": "Speaker 1", "words": [ { "start": 2089.85, "end": 2090.05, "word": " the", "probability": 0.990234375 }, { "start": 2090.05, "end": 2090.53, "word": " direction", "probability": 1.0 }, { "start": 2090.53, "end": 2090.75, "word": " we're", "probability": 0.999755859375 }, { "start": 2090.75, "end": 2091.03, "word": " going", "probability": 1.0 }, { "start": 2091.03, "end": 2091.21, "word": " in.", "probability": 1.0 }, { "start": 2091.29, "end": 2091.35, "word": " But", "probability": 0.998046875 }, { "start": 2091.35, "end": 2091.49, "word": " it's", "probability": 0.999755859375 }, { "start": 2091.49, "end": 2091.65, "word": " something", "probability": 1.0 }, { "start": 2091.65, "end": 2091.77, "word": " I", "probability": 0.99853515625 }, { "start": 2091.77, "end": 2091.89, "word": " think", "probability": 1.0 }, { "start": 2091.89, "end": 2092.03, "word": " about", "probability": 0.99951171875 }, { "start": 2092.03, "end": 2092.19, "word": " a", "probability": 1.0 }, { "start": 2092.19, "end": 2092.35, "word": " lot,", "probability": 1.0 }, { "start": 2092.49, "end": 2092.59, "word": " that", "probability": 0.99951171875 }, { "start": 2092.59, "end": 2093.25, "word": " centralized", "probability": 0.98681640625 } ] }, { "start": 2093.25, "end": 2097.83, "text": "algorithm feature. And it's quietly one of the most powerful things in society and in our", "speaker_id": "Speaker 1", "words": [ { "start": 2093.25, "end": 2093.79, "word": " algorithm", "probability": 1.0 }, { "start": 2093.79, "end": 2094.29, "word": " feature.", "probability": 1.0 }, { "start": 2094.49, "end": 2094.83, "word": " And", "probability": 0.9990234375 }, { "start": 2094.83, "end": 2095.21, "word": " it's", "probability": 1.0 }, { "start": 2095.21, "end": 2095.59, "word": " quietly", "probability": 0.9853515625 }, { "start": 2095.59, "end": 2095.83, "word": " one", "probability": 0.99951171875 }, { "start": 2095.83, "end": 2095.87, "word": " of", "probability": 1.0 }, { "start": 2095.87, "end": 2095.93, "word": " the", "probability": 0.99658203125 }, { "start": 2095.93, "end": 2096.05, "word": " most", "probability": 1.0 }, { "start": 2096.05, "end": 2096.39, "word": " powerful", "probability": 1.0 }, { "start": 2096.39, "end": 2096.69, "word": " things", "probability": 1.0 }, { "start": 2096.69, "end": 2096.89, "word": " in", "probability": 1.0 }, { "start": 2096.89, "end": 2097.35, "word": " society", "probability": 0.998046875 }, { "start": 2097.35, "end": 2097.55, "word": " and", "probability": 0.62060546875 }, { "start": 2097.55, "end": 2097.73, "word": " in", "probability": 0.9951171875 }, { "start": 2097.73, "end": 2097.83, "word": " our", "probability": 1.0 } ] }, { "start": 2097.83, "end": 2098.17, "text": "lives.", "speaker_id": "Speaker 1", "words": [ { "start": 2097.83, "end": 2098.17, "word": " lives.", "probability": 1.0 } ] }, { "start": 2098.43, "end": 2104.51, "text": "Yeah. And I think the stakes are getting higher with AI in the picture now too. We're sort", "speaker_id": "Speaker 2", "words": [ { "start": 2098.43, "end": 2098.73, "word": " Yeah.", "probability": 0.958984375 }, { "start": 2098.93, "end": 2099.01, "word": " And", "probability": 0.99853515625 }, { "start": 2099.01, "end": 2099.13, "word": " I", "probability": 0.99951171875 }, { "start": 2099.13, "end": 2099.31, "word": " think", "probability": 1.0 }, { "start": 2099.31, "end": 2100.03, "word": " the", "probability": 0.85986328125 }, { "start": 2100.03, "end": 2100.67, "word": " stakes", "probability": 0.99951171875 }, { "start": 2100.67, "end": 2100.77, "word": " are", "probability": 1.0 }, { "start": 2100.77, "end": 2100.91, "word": " getting", "probability": 1.0 }, { "start": 2100.91, "end": 2101.33, "word": " higher", "probability": 1.0 }, { "start": 2101.33, "end": 2101.73, "word": " with", "probability": 0.99951171875 }, { "start": 2101.73, "end": 2102.03, "word": " AI", "probability": 0.998046875 }, { "start": 2102.03, "end": 2102.43, "word": " in", "probability": 1.0 }, { "start": 2102.43, "end": 2102.51, "word": " the", "probability": 1.0 }, { "start": 2102.51, "end": 2102.91, "word": " picture", "probability": 1.0 }, { "start": 2102.91, "end": 2103.37, "word": " now", "probability": 0.99853515625 }, { "start": 2103.37, "end": 2103.77, "word": " too.", "probability": 0.658203125 }, { "start": 2103.99, "end": 2104.37, "word": " We're", "probability": 0.89111328125 }, { "start": 2104.37, "end": 2104.51, "word": " sort", "probability": 0.927734375 } ] }, { "start": 2104.51, "end": 2106.39, "text": "of seeing that.", "speaker_id": "Speaker 2", "words": [ { "start": 2104.51, "end": 2104.63, "word": " of", "probability": 1.0 }, { "start": 2104.63, "end": 2105.03, "word": " seeing", "probability": 0.611328125 }, { "start": 2105.03, "end": 2106.39, "word": " that.", "probability": 0.56298828125 } ] }, { "start": 2108.21, "end": 2113.17, "text": "You're doing a very interesting thing. So on this two -tier, and correct me if I'm wrong,", "speaker_id": "Speaker 2", "words": [ { "start": 2108.21, "end": 2108.73, "word": " You're", "probability": 0.9970703125 }, { "start": 2108.73, "end": 2108.89, "word": " doing", "probability": 1.0 }, { "start": 2108.89, "end": 2109.01, "word": " a", "probability": 1.0 }, { "start": 2109.01, "end": 2109.19, "word": " very", "probability": 1.0 }, { "start": 2109.19, "end": 2109.55, "word": " interesting", "probability": 1.0 }, { "start": 2109.55, "end": 2109.77, "word": " thing.", "probability": 1.0 }, { "start": 2109.91, "end": 2109.95, "word": " So", "probability": 0.7734375 }, { "start": 2109.95, "end": 2110.11, "word": " on", "probability": 0.9619140625 }, { "start": 2110.11, "end": 2110.29, "word": " this", "probability": 1.0 }, { "start": 2110.29, "end": 2110.53, "word": " two", "probability": 0.998046875 }, { "start": 2110.53, "end": 2110.97, "word": "-tier,", "probability": 0.929443359375 }, { "start": 2111.29, "end": 2111.81, "word": " and", "probability": 0.99951171875 }, { "start": 2111.81, "end": 2112.59, "word": " correct", "probability": 1.0 }, { "start": 2112.59, "end": 2112.73, "word": " me", "probability": 0.99951171875 }, { "start": 2112.73, "end": 2112.87, "word": " if", "probability": 0.99609375 }, { "start": 2112.87, "end": 2112.93, "word": " I'm", "probability": 0.999755859375 }, { "start": 2112.93, "end": 2113.17, "word": " wrong,", "probability": 1.0 } ] }, { "start": 2113.29, "end": 2119.41, "text": "but on this two -tier economy, we've been talking about age and demographics, but it's also", "speaker_id": "Speaker 2", "words": [ { "start": 2113.29, "end": 2113.39, "word": " but", "probability": 0.998046875 }, { "start": 2113.39, "end": 2113.67, "word": " on", "probability": 1.0 }, { "start": 2113.67, "end": 2113.87, "word": " this", "probability": 1.0 }, { "start": 2113.87, "end": 2114.13, "word": " two", "probability": 1.0 }, { "start": 2114.13, "end": 2114.35, "word": "-tier", "probability": 1.0 }, { "start": 2114.35, "end": 2114.99, "word": " economy,", "probability": 1.0 }, { "start": 2115.33, "end": 2116.83, "word": " we've", "probability": 0.998779296875 }, { "start": 2116.83, "end": 2116.93, "word": " been", "probability": 1.0 }, { "start": 2116.93, "end": 2117.19, "word": " talking", "probability": 0.99951171875 }, { "start": 2117.19, "end": 2117.55, "word": " about", "probability": 1.0 }, { "start": 2117.55, "end": 2117.97, "word": " age", "probability": 1.0 }, { "start": 2117.97, "end": 2118.11, "word": " and", "probability": 1.0 }, { "start": 2118.11, "end": 2118.67, "word": " demographics,", "probability": 0.99951171875 }, { "start": 2118.67, "end": 2118.99, "word": " but", "probability": 1.0 }, { "start": 2118.99, "end": 2119.15, "word": " it's", "probability": 0.999755859375 }, { "start": 2119.15, "end": 2119.41, "word": " also", "probability": 0.994140625 } ] }, { "start": 2119.41, "end": 2125.23, "text": "sort of like so much money being centralized and directed toward the AI trade or big", "speaker_id": "Speaker 2", "words": [ { "start": 2119.41, "end": 2119.61, "word": " sort", "probability": 0.6826171875 }, { "start": 2119.61, "end": 2119.77, "word": " of", "probability": 0.99951171875 }, { "start": 2119.77, "end": 2119.99, "word": " like", "probability": 0.9794921875 }, { "start": 2119.99, "end": 2121.49, "word": " so", "probability": 0.86865234375 }, { "start": 2121.49, "end": 2121.81, "word": " much", "probability": 1.0 }, { "start": 2121.81, "end": 2122.05, "word": " money", "probability": 1.0 }, { "start": 2122.05, "end": 2122.23, "word": " being", "probability": 1.0 }, { "start": 2122.23, "end": 2122.63, "word": " centralized", "probability": 0.99365234375 }, { "start": 2122.63, "end": 2122.91, "word": " and", "probability": 1.0 }, { "start": 2122.91, "end": 2123.19, "word": " directed", "probability": 0.99755859375 }, { "start": 2123.19, "end": 2123.61, "word": " toward", "probability": 0.99951171875 }, { "start": 2123.61, "end": 2123.87, "word": " the", "probability": 1.0 }, { "start": 2123.87, "end": 2124.13, "word": " AI", "probability": 0.99853515625 }, { "start": 2124.13, "end": 2124.59, "word": " trade", "probability": 1.0 }, { "start": 2124.59, "end": 2124.97, "word": " or", "probability": 0.85595703125 }, { "start": 2124.97, "end": 2125.23, "word": " big", "probability": 1.0 } ] }, { "start": 2125.23, "end": 2130.99, "text": "companies or mega cap tech, and then everything else seeming to struggle. And we have", "speaker_id": "Speaker 2", "words": [ { "start": 2125.23, "end": 2125.81, "word": " companies", "probability": 1.0 }, { "start": 2125.81, "end": 2126.23, "word": " or", "probability": 1.0 }, { "start": 2126.23, "end": 2126.67, "word": " mega", "probability": 0.9931640625 }, { "start": 2126.67, "end": 2127.15, "word": " cap", "probability": 0.85107421875 }, { "start": 2127.15, "end": 2127.61, "word": " tech,", "probability": 0.99951171875 }, { "start": 2127.75, "end": 2128.01, "word": " and", "probability": 1.0 }, { "start": 2128.01, "end": 2128.11, "word": " then", "probability": 0.99951171875 }, { "start": 2128.11, "end": 2128.73, "word": " everything", "probability": 1.0 }, { "start": 2128.73, "end": 2129.15, "word": " else", "probability": 1.0 }, { "start": 2129.15, "end": 2129.51, "word": " seeming", "probability": 0.998046875 }, { "start": 2129.51, "end": 2129.63, "word": " to", "probability": 0.99951171875 }, { "start": 2129.63, "end": 2130.03, "word": " struggle.", "probability": 0.9990234375 }, { "start": 2130.17, "end": 2130.69, "word": " And", "probability": 0.98779296875 }, { "start": 2130.69, "end": 2130.79, "word": " we", "probability": 1.0 }, { "start": 2130.79, "end": 2130.99, "word": " have", "probability": 1.0 } ] }, { "start": 2130.99, "end": 2137.89, "text": "interest rates right now. Have we just reoriented our economy around mega that", "speaker_id": "Speaker 2", "words": [ { "start": 2130.99, "end": 2131.29, "word": " interest", "probability": 0.99951171875 }, { "start": 2131.29, "end": 2131.63, "word": " rates", "probability": 1.0 }, { "start": 2131.63, "end": 2131.89, "word": " right", "probability": 1.0 }, { "start": 2131.89, "end": 2132.27, "word": " now.", "probability": 1.0 }, { "start": 2132.27, "end": 2133.41, "word": " Have", "probability": 0.89404296875 }, { "start": 2133.41, "end": 2133.63, "word": " we", "probability": 1.0 }, { "start": 2133.63, "end": 2134.03, "word": " just", "probability": 1.0 }, { "start": 2134.03, "end": 2135.03, "word": " reoriented", "probability": 0.999267578125 }, { "start": 2135.03, "end": 2135.63, "word": " our", "probability": 1.0 }, { "start": 2135.63, "end": 2136.35, "word": " economy", "probability": 0.9990234375 }, { "start": 2136.35, "end": 2136.93, "word": " around", "probability": 1.0 }, { "start": 2136.93, "end": 2137.33, "word": " mega", "probability": 0.7578125 }, { "start": 2137.33, "end": 2137.89, "word": " that", "probability": 0.65869140625 } ] }, { "start": 2137.89, "end": 2144.81, "text": "they are now the driver? Or do we need those smaller, medium -sized businesses, those", "speaker_id": "Speaker 2", "words": [ { "start": 2137.89, "end": 2138.09, "word": " they", "probability": 1.0 }, { "start": 2138.09, "end": 2138.29, "word": " are", "probability": 1.0 }, { "start": 2138.29, "end": 2138.65, "word": " now", "probability": 1.0 }, { "start": 2138.65, "end": 2138.87, "word": " the", "probability": 1.0 }, { "start": 2138.87, "end": 2139.39, "word": " driver?", "probability": 1.0 }, { "start": 2140.19, "end": 2140.89, "word": " Or", "probability": 0.99560546875 }, { "start": 2140.89, "end": 2141.33, "word": " do", "probability": 1.0 }, { "start": 2141.33, "end": 2141.51, "word": " we", "probability": 1.0 }, { "start": 2141.51, "end": 2141.95, "word": " need", "probability": 1.0 }, { "start": 2141.95, "end": 2142.25, "word": " those", "probability": 1.0 }, { "start": 2142.25, "end": 2142.77, "word": " smaller,", "probability": 0.9990234375 }, { "start": 2143.01, "end": 2143.23, "word": " medium", "probability": 1.0 }, { "start": 2143.23, "end": 2143.57, "word": "-sized", "probability": 0.885986328125 }, { "start": 2143.57, "end": 2144.15, "word": " businesses,", "probability": 1.0 }, { "start": 2144.63, "end": 2144.81, "word": " those", "probability": 1.0 } ] }, { "start": 2144.81, "end": 2149.17, "text": "sort of startups in order to have a healthy economy? Well,", "speaker_id": "Speaker 2", "words": [ { "start": 2144.81, "end": 2144.99, "word": " sort", "probability": 0.99072265625 }, { "start": 2144.99, "end": 2145.19, "word": " of", "probability": 1.0 }, { "start": 2145.19, "end": 2145.99, "word": " startups", "probability": 0.99560546875 }, { "start": 2145.99, "end": 2147.29, "word": " in", "probability": 0.7021484375 }, { "start": 2147.29, "end": 2147.51, "word": " order", "probability": 1.0 }, { "start": 2147.51, "end": 2147.73, "word": " to", "probability": 1.0 }, { "start": 2147.73, "end": 2147.89, "word": " have", "probability": 1.0 }, { "start": 2147.89, "end": 2147.97, "word": " a", "probability": 1.0 }, { "start": 2147.97, "end": 2148.21, "word": " healthy", "probability": 0.99951171875 }, { "start": 2148.21, "end": 2148.71, "word": " economy?", "probability": 1.0 }, { "start": 2148.71, "end": 2149.17, "word": " Well,", "probability": 0.95166015625 } ] }, { "start": 2149.25, "end": 2152.83, "text": "I do think we need the startups and the smaller companies to have a healthy economy. And", "speaker_id": "Speaker 1", "words": [ { "start": 2149.25, "end": 2149.33, "word": " I", "probability": 1.0 }, { "start": 2149.33, "end": 2149.51, "word": " do", "probability": 1.0 }, { "start": 2149.51, "end": 2149.67, "word": " think", "probability": 1.0 }, { "start": 2149.67, "end": 2149.79, "word": " we", "probability": 1.0 }, { "start": 2149.79, "end": 2149.91, "word": " need", "probability": 1.0 }, { "start": 2149.91, "end": 2150.05, "word": " the", "probability": 1.0 }, { "start": 2150.05, "end": 2150.37, "word": " startups", "probability": 0.9990234375 }, { "start": 2150.37, "end": 2150.95, "word": " and", "probability": 0.99658203125 }, { "start": 2150.95, "end": 2151.05, "word": " the", "probability": 1.0 }, { "start": 2151.05, "end": 2151.31, "word": " smaller", "probability": 1.0 }, { "start": 2151.31, "end": 2151.69, "word": " companies", "probability": 1.0 }, { "start": 2151.69, "end": 2151.83, "word": " to", "probability": 0.93505859375 }, { "start": 2151.83, "end": 2151.93, "word": " have", "probability": 0.8974609375 }, { "start": 2151.93, "end": 2151.99, "word": " a", "probability": 0.869140625 }, { "start": 2151.99, "end": 2152.15, "word": " healthy", "probability": 0.99951171875 }, { "start": 2152.15, "end": 2152.55, "word": " economy.", "probability": 1.0 }, { "start": 2152.81, "end": 2152.83, "word": " And", "probability": 0.99462890625 } ] }, { "start": 2152.83, "end": 2157.63, "text": "still, like most employment is disproportionately smaller and medium -sized businesses.", "speaker_id": "Speaker 1", "words": [ { "start": 2152.83, "end": 2153.11, "word": " still,", "probability": 0.99951171875 }, { "start": 2153.27, "end": 2153.37, "word": " like", "probability": 0.5810546875 }, { "start": 2153.37, "end": 2153.69, "word": " most", "probability": 0.8515625 }, { "start": 2153.69, "end": 2154.21, "word": " employment", "probability": 0.99853515625 }, { "start": 2154.21, "end": 2154.89, "word": " is", "probability": 0.9658203125 }, { "start": 2154.89, "end": 2155.85, "word": " disproportionately", "probability": 0.85009765625 }, { "start": 2155.85, "end": 2156.53, "word": " smaller", "probability": 0.99951171875 }, { "start": 2156.53, "end": 2156.69, "word": " and", "probability": 0.9208984375 }, { "start": 2156.69, "end": 2156.89, "word": " medium", "probability": 1.0 }, { "start": 2156.89, "end": 2157.13, "word": "-sized", "probability": 0.7705078125 }, { "start": 2157.13, "end": 2157.63, "word": " businesses.", "probability": 1.0 } ] }, { "start": 2158.87, "end": 2165.57, "text": "I think I would separate the current kind of rapid wave of AI capex from other", "speaker_id": "Speaker 1", "words": [ { "start": 2158.87, "end": 2159.39, "word": " I", "probability": 0.99951171875 }, { "start": 2159.39, "end": 2159.61, "word": " think", "probability": 0.98583984375 }, { "start": 2159.61, "end": 2159.79, "word": " I", "probability": 0.9990234375 }, { "start": 2159.79, "end": 2160.05, "word": " would", "probability": 1.0 }, { "start": 2160.05, "end": 2160.41, "word": " separate", "probability": 1.0 }, { "start": 2160.41, "end": 2160.65, "word": " the", "probability": 1.0 }, { "start": 2160.65, "end": 2161.13, "word": " current", "probability": 1.0 }, { "start": 2161.13, "end": 2161.37, "word": " kind", "probability": 0.99609375 }, { "start": 2161.37, "end": 2161.53, "word": " of", "probability": 1.0 }, { "start": 2161.53, "end": 2161.97, "word": " rapid", "probability": 1.0 }, { "start": 2161.97, "end": 2162.61, "word": " wave", "probability": 1.0 }, { "start": 2162.61, "end": 2162.99, "word": " of", "probability": 1.0 }, { "start": 2162.99, "end": 2163.39, "word": " AI", "probability": 0.9990234375 }, { "start": 2163.39, "end": 2163.91, "word": " capex", "probability": 0.77734375 }, { "start": 2163.91, "end": 2165.35, "word": " from", "probability": 0.99951171875 }, { "start": 2165.35, "end": 2165.57, "word": " other", "probability": 1.0 } ] }, { "start": 2165.57, "end": 2170.45, "text": "things because whenever you have a new technology unlock, naturally there's like a surge", "speaker_id": "Speaker 1", "words": [ { "start": 2165.57, "end": 2165.93, "word": " things", "probability": 1.0 }, { "start": 2165.93, "end": 2166.21, "word": " because", "probability": 0.658203125 }, { "start": 2166.21, "end": 2167.09, "word": " whenever", "probability": 0.99951171875 }, { "start": 2167.09, "end": 2167.29, "word": " you", "probability": 1.0 }, { "start": 2167.29, "end": 2167.43, "word": " have", "probability": 1.0 }, { "start": 2167.43, "end": 2167.51, "word": " a", "probability": 1.0 }, { "start": 2167.51, "end": 2167.63, "word": " new", "probability": 1.0 }, { "start": 2167.63, "end": 2168.11, "word": " technology", "probability": 1.0 }, { "start": 2168.11, "end": 2168.57, "word": " unlock,", "probability": 0.98388671875 }, { "start": 2169.03, "end": 2169.49, "word": " naturally", "probability": 0.9990234375 }, { "start": 2169.49, "end": 2169.79, "word": " there's", "probability": 0.839599609375 }, { "start": 2169.79, "end": 2169.89, "word": " like", "probability": 0.98681640625 }, { "start": 2169.89, "end": 2170.01, "word": " a", "probability": 1.0 }, { "start": 2170.01, "end": 2170.45, "word": " surge", "probability": 1.0 } ] }, { "start": 2170.45, "end": 2174.91, "text": "toward that area. it doesn't mean that that that rate is going to continue forever uh it", "speaker_id": "Speaker 1", "words": [ { "start": 2170.45, "end": 2170.85, "word": " toward", "probability": 1.0 }, { "start": 2170.85, "end": 2171.05, "word": " that", "probability": 1.0 }, { "start": 2171.05, "end": 2171.27, "word": " area.", "probability": 1.0 }, { "start": 2171.27, "end": 2171.45, "word": " it", "probability": 0.16357421875 }, { "start": 2171.45, "end": 2171.67, "word": " doesn't", "probability": 0.998046875 }, { "start": 2171.67, "end": 2171.79, "word": " mean", "probability": 0.99951171875 }, { "start": 2171.79, "end": 2171.93, "word": " that", "probability": 0.9990234375 }, { "start": 2171.93, "end": 2172.15, "word": " that", "probability": 0.8984375 }, { "start": 2172.15, "end": 2172.33, "word": " that", "probability": 0.1875 }, { "start": 2172.33, "end": 2172.97, "word": " rate", "probability": 0.99462890625 }, { "start": 2172.97, "end": 2173.25, "word": " is", "probability": 0.9990234375 }, { "start": 2173.25, "end": 2173.39, "word": " going", "probability": 0.95947265625 }, { "start": 2173.39, "end": 2173.47, "word": " to", "probability": 0.99951171875 }, { "start": 2173.47, "end": 2173.77, "word": " continue", "probability": 0.99951171875 }, { "start": 2173.77, "end": 2174.19, "word": " forever", "probability": 0.99853515625 }, { "start": 2174.19, "end": 2174.65, "word": " uh", "probability": 0.61669921875 }, { "start": 2174.65, "end": 2174.91, "word": " it", "probability": 0.99951171875 } ] }, { "start": 2174.91, "end": 2179.67, "text": "just kind of means you're going from zero to one because some low -hanging fruit or some", "speaker_id": "Speaker 1", "words": [ { "start": 2174.91, "end": 2175.05, "word": " just", "probability": 1.0 }, { "start": 2175.05, "end": 2175.17, "word": " kind", "probability": 0.99755859375 }, { "start": 2175.17, "end": 2175.23, "word": " of", "probability": 0.9990234375 }, { "start": 2175.23, "end": 2175.41, "word": " means", "probability": 0.99853515625 }, { "start": 2175.41, "end": 2175.55, "word": " you're", "probability": 0.999755859375 }, { "start": 2175.55, "end": 2175.75, "word": " going", "probability": 0.9990234375 }, { "start": 2175.75, "end": 2175.93, "word": " from", "probability": 0.9990234375 }, { "start": 2175.93, "end": 2176.19, "word": " zero", "probability": 0.9853515625 }, { "start": 2176.19, "end": 2176.31, "word": " to", "probability": 1.0 }, { "start": 2176.31, "end": 2176.71, "word": " one", "probability": 0.99951171875 }, { "start": 2176.71, "end": 2177.63, "word": " because", "probability": 0.99951171875 }, { "start": 2177.63, "end": 2178.21, "word": " some", "probability": 1.0 }, { "start": 2178.21, "end": 2178.57, "word": " low", "probability": 1.0 }, { "start": 2178.57, "end": 2178.89, "word": "-hanging", "probability": 0.9187825520833334 }, { "start": 2178.89, "end": 2179.27, "word": " fruit", "probability": 1.0 }, { "start": 2179.27, "end": 2179.45, "word": " or", "probability": 1.0 }, { "start": 2179.45, "end": 2179.67, "word": " some", "probability": 1.0 } ] }, { "start": 2179.67, "end": 2184.19, "text": "some unlock has happened uh whether it's for example the tech finally coming into place to", "speaker_id": "Speaker 1", "words": [ { "start": 2179.67, "end": 2179.93, "word": " some", "probability": 0.98291015625 }, { "start": 2179.93, "end": 2180.33, "word": " unlock", "probability": 0.99755859375 }, { "start": 2180.33, "end": 2180.61, "word": " has", "probability": 0.9990234375 }, { "start": 2180.61, "end": 2181.03, "word": " happened", "probability": 0.99951171875 }, { "start": 2181.03, "end": 2181.73, "word": " uh", "probability": 0.89013671875 }, { "start": 2181.73, "end": 2182.05, "word": " whether", "probability": 0.99951171875 }, { "start": 2182.05, "end": 2182.23, "word": " it's", "probability": 0.99609375 }, { "start": 2182.23, "end": 2182.35, "word": " for", "probability": 0.99951171875 }, { "start": 2182.35, "end": 2182.59, "word": " example", "probability": 0.99072265625 }, { "start": 2182.59, "end": 2182.79, "word": " the", "probability": 0.9990234375 }, { "start": 2182.79, "end": 2183.03, "word": " tech", "probability": 0.99951171875 }, { "start": 2183.03, "end": 2183.35, "word": " finally", "probability": 0.9990234375 }, { "start": 2183.35, "end": 2183.59, "word": " coming", "probability": 1.0 }, { "start": 2183.59, "end": 2183.77, "word": " into", "probability": 0.99951171875 }, { "start": 2183.77, "end": 2184.03, "word": " place", "probability": 1.0 }, { "start": 2184.03, "end": 2184.19, "word": " to", "probability": 1.0 } ] }, { "start": 2184.19, "end": 2189.59, "text": "make real railroads work or you know once they had both aluminum and hydrocarbons suddenly", "speaker_id": "Speaker 1", "words": [ { "start": 2184.19, "end": 2184.33, "word": " make", "probability": 0.99951171875 }, { "start": 2184.33, "end": 2184.57, "word": " real", "probability": 0.64501953125 }, { "start": 2184.57, "end": 2185.31, "word": " railroads", "probability": 0.7470703125 }, { "start": 2185.31, "end": 2185.61, "word": " work", "probability": 0.9990234375 }, { "start": 2185.61, "end": 2186.19, "word": " or", "probability": 0.9990234375 }, { "start": 2186.19, "end": 2186.59, "word": " you", "probability": 0.9970703125 }, { "start": 2186.59, "end": 2186.65, "word": " know", "probability": 0.998046875 }, { "start": 2186.65, "end": 2186.85, "word": " once", "probability": 0.99951171875 }, { "start": 2186.85, "end": 2186.99, "word": " they", "probability": 1.0 }, { "start": 2186.99, "end": 2187.19, "word": " had", "probability": 1.0 }, { "start": 2187.19, "end": 2187.45, "word": " both", "probability": 0.99951171875 }, { "start": 2187.45, "end": 2187.87, "word": " aluminum", "probability": 0.99462890625 }, { "start": 2187.87, "end": 2188.21, "word": " and", "probability": 1.0 }, { "start": 2188.21, "end": 2188.99, "word": " hydrocarbons", "probability": 0.9983723958333334 }, { "start": 2188.99, "end": 2189.59, "word": " suddenly", "probability": 0.9990234375 } ] }, { "start": 2189.59, "end": 2195.67, "text": "the entire field of of aviation just opens up uh whereas like you spent thousands of years", "speaker_id": "Speaker 1", "words": [ { "start": 2189.59, "end": 2189.89, "word": " the", "probability": 1.0 }, { "start": 2189.89, "end": 2190.29, "word": " entire", "probability": 0.99951171875 }, { "start": 2190.29, "end": 2190.65, "word": " field", "probability": 1.0 }, { "start": 2190.65, "end": 2190.89, "word": " of", "probability": 1.0 }, { "start": 2190.89, "end": 2191.15, "word": " of", "probability": 0.888671875 }, { "start": 2191.15, "end": 2191.63, "word": " aviation", "probability": 0.99951171875 }, { "start": 2191.63, "end": 2191.91, "word": " just", "probability": 1.0 }, { "start": 2191.91, "end": 2192.25, "word": " opens", "probability": 1.0 }, { "start": 2192.25, "end": 2192.49, "word": " up", "probability": 1.0 }, { "start": 2192.49, "end": 2193.29, "word": " uh", "probability": 0.9716796875 }, { "start": 2193.29, "end": 2193.83, "word": " whereas", "probability": 0.99755859375 }, { "start": 2193.83, "end": 2193.99, "word": " like", "probability": 0.9990234375 }, { "start": 2193.99, "end": 2194.11, "word": " you", "probability": 0.970703125 }, { "start": 2194.11, "end": 2194.35, "word": " spent", "probability": 0.81982421875 }, { "start": 2194.35, "end": 2195.33, "word": " thousands", "probability": 0.99853515625 }, { "start": 2195.33, "end": 2195.51, "word": " of", "probability": 0.99951171875 }, { "start": 2195.51, "end": 2195.67, "word": " years", "probability": 0.99951171875 } ] }, { "start": 2195.67, "end": 2199.23, "text": "going practically nowhere on flight you know we made a little progress with balloons and", "speaker_id": "Speaker 1", "words": [ { "start": 2195.67, "end": 2195.91, "word": " going", "probability": 0.99951171875 }, { "start": 2195.91, "end": 2196.21, "word": " practically", "probability": 0.99951171875 }, { "start": 2196.21, "end": 2196.55, "word": " nowhere", "probability": 0.9970703125 }, { "start": 2196.55, "end": 2196.81, "word": " on", "probability": 0.99951171875 }, { "start": 2196.81, "end": 2197.13, "word": " flight", "probability": 0.9990234375 }, { "start": 2197.13, "end": 2197.33, "word": " you", "probability": 0.99462890625 }, { "start": 2197.33, "end": 2197.33, "word": " know", "probability": 0.99853515625 }, { "start": 2197.33, "end": 2197.43, "word": " we", "probability": 0.314697265625 }, { "start": 2197.43, "end": 2197.55, "word": " made", "probability": 0.9921875 }, { "start": 2197.55, "end": 2197.65, "word": " a", "probability": 0.99755859375 }, { "start": 2197.65, "end": 2197.75, "word": " little", "probability": 0.99951171875 }, { "start": 2197.75, "end": 2198.13, "word": " progress", "probability": 0.99560546875 }, { "start": 2198.13, "end": 2198.27, "word": " with", "probability": 0.87890625 }, { "start": 2198.27, "end": 2198.67, "word": " balloons", "probability": 0.8876953125 }, { "start": 2198.67, "end": 2199.23, "word": " and", "probability": 0.3818359375 } ] }, { "start": 2199.23, "end": 2204.35, "text": "then but once you have hydrocarbons and aluminum you know this the the the runner weight", "speaker_id": "Speaker 1", "words": [ { "start": 2199.23, "end": 2199.33, "word": " then", "probability": 0.9833984375 }, { "start": 2199.33, "end": 2199.45, "word": " but", "probability": 0.2076416015625 }, { "start": 2199.45, "end": 2199.65, "word": " once", "probability": 0.994140625 }, { "start": 2199.65, "end": 2199.77, "word": " you", "probability": 0.99951171875 }, { "start": 2199.77, "end": 2199.95, "word": " have", "probability": 0.9990234375 }, { "start": 2199.95, "end": 2200.75, "word": " hydrocarbons", "probability": 0.9925130208333334 }, { "start": 2200.75, "end": 2201.03, "word": " and", "probability": 0.99462890625 }, { "start": 2201.03, "end": 2201.37, "word": " aluminum", "probability": 0.98779296875 }, { "start": 2202.01, "end": 2202.45, "word": " you", "probability": 0.484619140625 }, { "start": 2202.45, "end": 2202.59, "word": " know", "probability": 0.9931640625 }, { "start": 2202.59, "end": 2202.87, "word": " this", "probability": 0.56982421875 }, { "start": 2202.87, "end": 2203.13, "word": " the", "probability": 0.98095703125 }, { "start": 2203.13, "end": 2203.43, "word": " the", "probability": 0.89453125 }, { "start": 2203.43, "end": 2203.69, "word": " the", "probability": 0.56201171875 }, { "start": 2203.69, "end": 2204.05, "word": " runner", "probability": 0.5859375 }, { "start": 2204.05, "end": 2204.35, "word": " weight", "probability": 0.79052734375 } ] }, { "start": 2204.35, "end": 2210.11, "text": "for for years and decades is really big but then it levels out um once you kind of get the", "speaker_id": "Speaker 1", "words": [ { "start": 2204.35, "end": 2204.59, "word": " for", "probability": 0.9990234375 }, { "start": 2204.59, "end": 2204.81, "word": " for", "probability": 0.9609375 }, { "start": 2204.81, "end": 2205.31, "word": " years", "probability": 0.564453125 }, { "start": 2205.31, "end": 2205.45, "word": " and", "probability": 0.91357421875 }, { "start": 2205.45, "end": 2205.67, "word": " decades", "probability": 0.9892578125 }, { "start": 2205.67, "end": 2205.95, "word": " is", "probability": 0.9912109375 }, { "start": 2205.95, "end": 2206.09, "word": " really", "probability": 0.99951171875 }, { "start": 2206.09, "end": 2206.27, "word": " big", "probability": 0.99951171875 }, { "start": 2206.27, "end": 2206.43, "word": " but", "probability": 0.9951171875 }, { "start": 2206.43, "end": 2206.55, "word": " then", "probability": 1.0 }, { "start": 2206.55, "end": 2206.67, "word": " it", "probability": 1.0 }, { "start": 2206.67, "end": 2206.91, "word": " levels", "probability": 0.99951171875 }, { "start": 2206.91, "end": 2207.25, "word": " out", "probability": 1.0 }, { "start": 2207.25, "end": 2208.03, "word": " um", "probability": 0.9150390625 }, { "start": 2208.03, "end": 2208.65, "word": " once", "probability": 0.99951171875 }, { "start": 2208.65, "end": 2208.75, "word": " you", "probability": 1.0 }, { "start": 2208.75, "end": 2208.89, "word": " kind", "probability": 1.0 }, { "start": 2208.89, "end": 2208.99, "word": " of", "probability": 1.0 }, { "start": 2208.99, "end": 2209.95, "word": " get", "probability": 0.99609375 }, { "start": 2209.95, "end": 2210.11, "word": " the", "probability": 1.0 } ] }, { "start": 2210.11, "end": 2214.41, "text": "benefits of that unlock or get good and and so i think that you know obviously the", "speaker_id": "Speaker 1", "words": [ { "start": 2210.11, "end": 2210.51, "word": " benefits", "probability": 0.99951171875 }, { "start": 2210.51, "end": 2210.65, "word": " of", "probability": 0.9970703125 }, { "start": 2210.65, "end": 2210.75, "word": " that", "probability": 1.0 }, { "start": 2210.75, "end": 2211.09, "word": " unlock", "probability": 0.9990234375 }, { "start": 2211.09, "end": 2211.39, "word": " or", "probability": 0.9990234375 }, { "start": 2211.39, "end": 2211.63, "word": " get", "probability": 0.96826171875 }, { "start": 2211.63, "end": 2211.89, "word": " good", "probability": 0.62548828125 }, { "start": 2211.89, "end": 2212.33, "word": " and", "probability": 0.99951171875 }, { "start": 2212.33, "end": 2212.49, "word": " and", "probability": 0.86328125 }, { "start": 2212.49, "end": 2212.59, "word": " so", "probability": 1.0 }, { "start": 2212.59, "end": 2212.67, "word": " i", "probability": 0.94482421875 }, { "start": 2212.67, "end": 2212.81, "word": " think", "probability": 1.0 }, { "start": 2212.81, "end": 2212.99, "word": " that", "probability": 1.0 }, { "start": 2212.99, "end": 2213.73, "word": " you", "probability": 0.85986328125 }, { "start": 2213.73, "end": 2213.79, "word": " know", "probability": 1.0 }, { "start": 2213.79, "end": 2214.15, "word": " obviously", "probability": 0.99951171875 }, { "start": 2214.15, "end": 2214.41, "word": " the", "probability": 0.99853515625 } ] }, { "start": 2214.41, "end": 2219.13, "text": "combination of hardware and software has gotten good enough now it has this new unlock and", "speaker_id": "Speaker 1", "words": [ { "start": 2214.41, "end": 2214.79, "word": " combination", "probability": 1.0 }, { "start": 2214.79, "end": 2214.99, "word": " of", "probability": 1.0 }, { "start": 2214.99, "end": 2215.27, "word": " hardware", "probability": 1.0 }, { "start": 2215.27, "end": 2215.45, "word": " and", "probability": 1.0 }, { "start": 2215.45, "end": 2215.75, "word": " software", "probability": 1.0 }, { "start": 2215.75, "end": 2215.91, "word": " has", "probability": 0.99853515625 }, { "start": 2215.91, "end": 2216.11, "word": " gotten", "probability": 1.0 }, { "start": 2216.11, "end": 2216.35, "word": " good", "probability": 1.0 }, { "start": 2216.35, "end": 2216.59, "word": " enough", "probability": 0.99951171875 }, { "start": 2216.59, "end": 2216.87, "word": " now", "probability": 0.99951171875 }, { "start": 2216.87, "end": 2217.45, "word": " it", "probability": 0.99951171875 }, { "start": 2217.45, "end": 2217.71, "word": " has", "probability": 1.0 }, { "start": 2217.71, "end": 2217.91, "word": " this", "probability": 1.0 }, { "start": 2217.91, "end": 2218.07, "word": " new", "probability": 0.99951171875 }, { "start": 2218.07, "end": 2218.63, "word": " unlock", "probability": 0.99951171875 }, { "start": 2218.63, "end": 2219.13, "word": " and", "probability": 1.0 } ] }, { "start": 2219.13, "end": 2223.37, "text": "it can do things that it couldn't do a few years ago and so there's a there's a massive", "speaker_id": "Speaker 1", "words": [ { "start": 2219.13, "end": 2219.21, "word": " it", "probability": 1.0 }, { "start": 2219.21, "end": 2219.31, "word": " can", "probability": 1.0 }, { "start": 2219.31, "end": 2219.55, "word": " do", "probability": 1.0 }, { "start": 2219.55, "end": 2219.85, "word": " things", "probability": 1.0 }, { "start": 2219.85, "end": 2220.01, "word": " that", "probability": 1.0 }, { "start": 2220.01, "end": 2220.31, "word": " it", "probability": 0.98828125 }, { "start": 2220.31, "end": 2220.63, "word": " couldn't", "probability": 0.6981201171875 }, { "start": 2220.63, "end": 2220.77, "word": " do", "probability": 1.0 }, { "start": 2220.77, "end": 2220.93, "word": " a", "probability": 1.0 }, { "start": 2220.93, "end": 2221.03, "word": " few", "probability": 0.99951171875 }, { "start": 2221.03, "end": 2221.29, "word": " years", "probability": 1.0 }, { "start": 2221.29, "end": 2221.59, "word": " ago", "probability": 0.99951171875 }, { "start": 2221.59, "end": 2222.25, "word": " and", "probability": 0.99951171875 }, { "start": 2222.25, "end": 2222.37, "word": " so", "probability": 1.0 }, { "start": 2222.37, "end": 2222.55, "word": " there's", "probability": 1.0 }, { "start": 2222.55, "end": 2222.65, "word": " a", "probability": 0.97412109375 }, { "start": 2222.65, "end": 2222.85, "word": " there's", "probability": 0.988525390625 }, { "start": 2222.85, "end": 2222.95, "word": " a", "probability": 1.0 }, { "start": 2222.95, "end": 2223.37, "word": " massive", "probability": 0.7978515625 } ] }, { "start": 2223.37, "end": 2229.41, "text": "temporary reorganization around where we put our resources um now the good news is like so", "speaker_id": "Speaker 1", "words": [ { "start": 2223.37, "end": 2224.11, "word": " temporary", "probability": 0.94580078125 }, { "start": 2224.11, "end": 2225.27, "word": " reorganization", "probability": 0.99462890625 }, { "start": 2225.27, "end": 2225.53, "word": " around", "probability": 0.99609375 }, { "start": 2225.53, "end": 2225.75, "word": " where", "probability": 0.990234375 }, { "start": 2225.75, "end": 2225.89, "word": " we", "probability": 0.99951171875 }, { "start": 2225.89, "end": 2226.03, "word": " put", "probability": 0.99951171875 }, { "start": 2226.03, "end": 2226.15, "word": " our", "probability": 0.9990234375 }, { "start": 2226.15, "end": 2226.67, "word": " resources", "probability": 0.99951171875 }, { "start": 2226.67, "end": 2227.61, "word": " um", "probability": 0.08599853515625 }, { "start": 2227.61, "end": 2228.33, "word": " now", "probability": 0.99755859375 }, { "start": 2228.33, "end": 2228.49, "word": " the", "probability": 1.0 }, { "start": 2228.49, "end": 2228.67, "word": " good", "probability": 0.9990234375 }, { "start": 2228.67, "end": 2228.83, "word": " news", "probability": 0.9951171875 }, { "start": 2228.83, "end": 2229.01, "word": " is", "probability": 0.99951171875 }, { "start": 2229.01, "end": 2229.19, "word": " like", "probability": 0.99658203125 }, { "start": 2229.19, "end": 2229.41, "word": " so", "probability": 0.99951171875 } ] }, { "start": 2229.41, "end": 2236.31, "text": "so for example in the 2010s a lot of the the rising tech companies um like a lot of that", "speaker_id": "Speaker 1", "words": [ { "start": 2229.41, "end": 2229.81, "word": " so", "probability": 0.98046875 }, { "start": 2229.81, "end": 2230.15, "word": " for", "probability": 0.99951171875 }, { "start": 2230.15, "end": 2230.39, "word": " example", "probability": 0.9990234375 }, { "start": 2230.39, "end": 2230.55, "word": " in", "probability": 0.99951171875 }, { "start": 2230.55, "end": 2230.61, "word": " the", "probability": 0.998046875 }, { "start": 2230.61, "end": 2231.39, "word": " 2010s", "probability": 0.99609375 }, { "start": 2231.39, "end": 2231.63, "word": " a", "probability": 1.0 }, { "start": 2231.63, "end": 2231.77, "word": " lot", "probability": 1.0 }, { "start": 2231.77, "end": 2231.95, "word": " of", "probability": 1.0 }, { "start": 2231.95, "end": 2232.15, "word": " the", "probability": 1.0 }, { "start": 2232.15, "end": 2232.37, "word": " the", "probability": 0.9931640625 }, { "start": 2232.37, "end": 2232.83, "word": " rising", "probability": 1.0 }, { "start": 2232.83, "end": 2233.09, "word": " tech", "probability": 1.0 }, { "start": 2233.09, "end": 2233.53, "word": " companies", "probability": 0.99951171875 }, { "start": 2233.53, "end": 2234.79, "word": " um", "probability": 0.9990234375 }, { "start": 2234.79, "end": 2235.77, "word": " like", "probability": 1.0 }, { "start": 2235.77, "end": 2235.91, "word": " a", "probability": 1.0 }, { "start": 2235.91, "end": 2235.99, "word": " lot", "probability": 0.99951171875 }, { "start": 2235.99, "end": 2236.11, "word": " of", "probability": 0.99951171875 }, { "start": 2236.11, "end": 2236.31, "word": " that", "probability": 0.99951171875 } ] }, { "start": 2236.31, "end": 2242.51, "text": "kind of value concentrated in them uh and the i think the good news about ai is that even", "speaker_id": "Speaker 1", "words": [ { "start": 2236.31, "end": 2236.61, "word": " kind", "probability": 1.0 }, { "start": 2236.61, "end": 2236.75, "word": " of", "probability": 0.99853515625 }, { "start": 2236.75, "end": 2237.23, "word": " value", "probability": 0.99951171875 }, { "start": 2237.23, "end": 2237.91, "word": " concentrated", "probability": 0.99951171875 }, { "start": 2237.91, "end": 2238.17, "word": " in", "probability": 1.0 }, { "start": 2238.17, "end": 2238.49, "word": " them", "probability": 0.998046875 }, { "start": 2238.49, "end": 2239.39, "word": " uh", "probability": 0.99560546875 }, { "start": 2239.39, "end": 2240.07, "word": " and", "probability": 0.96142578125 }, { "start": 2240.07, "end": 2240.69, "word": " the", "probability": 0.99951171875 }, { "start": 2240.69, "end": 2240.93, "word": " i", "probability": 0.8388671875 }, { "start": 2240.93, "end": 2241.05, "word": " think", "probability": 1.0 }, { "start": 2241.05, "end": 2241.19, "word": " the", "probability": 0.9990234375 }, { "start": 2241.19, "end": 2241.31, "word": " good", "probability": 0.99755859375 }, { "start": 2241.31, "end": 2241.43, "word": " news", "probability": 0.9990234375 }, { "start": 2241.43, "end": 2241.59, "word": " about", "probability": 0.99951171875 }, { "start": 2241.59, "end": 2241.89, "word": " ai", "probability": 0.98779296875 }, { "start": 2241.89, "end": 2242.23, "word": " is", "probability": 1.0 }, { "start": 2242.23, "end": 2242.33, "word": " that", "probability": 0.9892578125 }, { "start": 2242.33, "end": 2242.51, "word": " even", "probability": 0.99951171875 } ] }, { "start": 2242.51, "end": 2248.97, "text": "though obviously the the winners of that get very large uh the end users still are a", "speaker_id": "Speaker 1", "words": [ { "start": 2242.51, "end": 2242.67, "word": " though", "probability": 1.0 }, { "start": 2242.67, "end": 2243.11, "word": " obviously", "probability": 0.99658203125 }, { "start": 2243.11, "end": 2243.61, "word": " the", "probability": 1.0 }, { "start": 2243.61, "end": 2243.85, "word": " the", "probability": 0.99951171875 }, { "start": 2243.85, "end": 2244.33, "word": " winners", "probability": 0.9384765625 }, { "start": 2244.33, "end": 2244.55, "word": " of", "probability": 0.99609375 }, { "start": 2244.55, "end": 2244.63, "word": " that", "probability": 0.99951171875 }, { "start": 2244.63, "end": 2244.83, "word": " get", "probability": 0.99951171875 }, { "start": 2244.83, "end": 2245.11, "word": " very", "probability": 1.0 }, { "start": 2245.11, "end": 2245.63, "word": " large", "probability": 1.0 }, { "start": 2245.63, "end": 2246.29, "word": " uh", "probability": 0.98046875 }, { "start": 2246.29, "end": 2246.57, "word": " the", "probability": 1.0 }, { "start": 2246.57, "end": 2246.89, "word": " end", "probability": 1.0 }, { "start": 2246.89, "end": 2247.37, "word": " users", "probability": 0.9990234375 }, { "start": 2247.37, "end": 2248.41, "word": " still", "probability": 0.99951171875 }, { "start": 2248.41, "end": 2248.75, "word": " are", "probability": 1.0 }, { "start": 2248.75, "end": 2248.97, "word": " a", "probability": 1.0 } ] }, { "start": 2248.97, "end": 2255.33, "text": "major benefit if they use it correctly. I mean, in some ways it's never been an easier time", "speaker_id": "Speaker 1", "words": [ { "start": 2248.97, "end": 2249.59, "word": " major", "probability": 0.75390625 }, { "start": 2249.59, "end": 2250.07, "word": " benefit", "probability": 1.0 }, { "start": 2250.07, "end": 2250.29, "word": " if", "probability": 1.0 }, { "start": 2250.29, "end": 2250.39, "word": " they", "probability": 0.99951171875 }, { "start": 2250.39, "end": 2250.57, "word": " use", "probability": 0.84521484375 }, { "start": 2250.57, "end": 2250.67, "word": " it", "probability": 0.99951171875 }, { "start": 2250.67, "end": 2251.07, "word": " correctly.", "probability": 0.9990234375 }, { "start": 2251.75, "end": 2252.27, "word": " I", "probability": 0.67138671875 }, { "start": 2252.27, "end": 2252.39, "word": " mean,", "probability": 0.99951171875 }, { "start": 2252.47, "end": 2252.81, "word": " in", "probability": 0.99951171875 }, { "start": 2252.81, "end": 2252.99, "word": " some", "probability": 1.0 }, { "start": 2252.99, "end": 2253.13, "word": " ways", "probability": 1.0 }, { "start": 2253.13, "end": 2253.35, "word": " it's", "probability": 0.6806640625 }, { "start": 2253.35, "end": 2253.63, "word": " never", "probability": 0.99951171875 }, { "start": 2253.63, "end": 2253.99, "word": " been", "probability": 1.0 }, { "start": 2253.99, "end": 2254.31, "word": " an", "probability": 0.67236328125 }, { "start": 2254.31, "end": 2254.85, "word": " easier", "probability": 0.9990234375 }, { "start": 2254.85, "end": 2255.33, "word": " time", "probability": 0.9951171875 } ] }, { "start": 2255.33, "end": 2260.51, "text": "or better time to start a small business because instead of asking someone else for", "speaker_id": "Speaker 1", "words": [ { "start": 2255.33, "end": 2255.57, "word": " or", "probability": 0.98974609375 }, { "start": 2255.57, "end": 2255.83, "word": " better", "probability": 0.919921875 }, { "start": 2255.83, "end": 2256.19, "word": " time", "probability": 0.99853515625 }, { "start": 2256.19, "end": 2256.35, "word": " to", "probability": 0.998046875 }, { "start": 2256.35, "end": 2256.55, "word": " start", "probability": 0.99951171875 }, { "start": 2256.55, "end": 2256.71, "word": " a", "probability": 0.99755859375 }, { "start": 2256.71, "end": 2256.93, "word": " small", "probability": 0.9921875 }, { "start": 2256.93, "end": 2257.45, "word": " business", "probability": 0.99951171875 }, { "start": 2257.45, "end": 2258.35, "word": " because", "probability": 0.908203125 }, { "start": 2258.35, "end": 2259.35, "word": " instead", "probability": 0.9716796875 }, { "start": 2259.35, "end": 2259.53, "word": " of", "probability": 1.0 }, { "start": 2259.53, "end": 2259.89, "word": " asking", "probability": 1.0 }, { "start": 2259.89, "end": 2260.15, "word": " someone", "probability": 0.99853515625 }, { "start": 2260.15, "end": 2260.35, "word": " else", "probability": 0.99951171875 }, { "start": 2260.35, "end": 2260.51, "word": " for", "probability": 0.99951171875 } ] }, { "start": 2260.51, "end": 2266.31, "text": "capital, now some businesses still need capital, but just the amount of resources and", "speaker_id": "Speaker 1", "words": [ { "start": 2260.51, "end": 2260.97, "word": " capital,", "probability": 0.9990234375 }, { "start": 2261.39, "end": 2261.85, "word": " now", "probability": 0.7841796875 }, { "start": 2261.85, "end": 2262.05, "word": " some", "probability": 0.97265625 }, { "start": 2262.05, "end": 2262.37, "word": " businesses", "probability": 0.99755859375 }, { "start": 2262.37, "end": 2262.63, "word": " still", "probability": 1.0 }, { "start": 2262.63, "end": 2262.79, "word": " need", "probability": 1.0 }, { "start": 2262.79, "end": 2263.25, "word": " capital,", "probability": 0.99951171875 }, { "start": 2263.63, "end": 2264.37, "word": " but", "probability": 0.998046875 }, { "start": 2264.37, "end": 2264.55, "word": " just", "probability": 0.98388671875 }, { "start": 2264.55, "end": 2265.05, "word": " the", "probability": 0.99951171875 }, { "start": 2265.05, "end": 2265.35, "word": " amount", "probability": 0.99755859375 }, { "start": 2265.35, "end": 2265.55, "word": " of", "probability": 1.0 }, { "start": 2265.55, "end": 2266.03, "word": " resources", "probability": 1.0 }, { "start": 2266.03, "end": 2266.31, "word": " and", "probability": 0.99951171875 } ] }, { "start": 2266.31, "end": 2271.55, "text": "things you can do with a very small team has never been better. So it's more like it", "speaker_id": "Speaker 1", "words": [ { "start": 2266.31, "end": 2266.51, "word": " things", "probability": 0.99951171875 }, { "start": 2266.51, "end": 2266.65, "word": " you", "probability": 0.99951171875 }, { "start": 2266.65, "end": 2266.79, "word": " can", "probability": 1.0 }, { "start": 2266.79, "end": 2267.09, "word": " do", "probability": 1.0 }, { "start": 2267.09, "end": 2267.29, "word": " with", "probability": 0.99951171875 }, { "start": 2267.29, "end": 2267.37, "word": " a", "probability": 1.0 }, { "start": 2267.37, "end": 2267.51, "word": " very", "probability": 0.99365234375 }, { "start": 2267.51, "end": 2267.85, "word": " small", "probability": 1.0 }, { "start": 2267.85, "end": 2268.31, "word": " team", "probability": 1.0 }, { "start": 2268.31, "end": 2269.25, "word": " has", "probability": 0.9736328125 }, { "start": 2269.25, "end": 2269.47, "word": " never", "probability": 1.0 }, { "start": 2269.47, "end": 2269.65, "word": " been", "probability": 1.0 }, { "start": 2269.65, "end": 2269.97, "word": " better.", "probability": 1.0 }, { "start": 2270.17, "end": 2270.69, "word": " So", "probability": 0.966796875 }, { "start": 2270.69, "end": 2271.15, "word": " it's", "probability": 0.979736328125 }, { "start": 2271.15, "end": 2271.27, "word": " more", "probability": 0.99951171875 }, { "start": 2271.27, "end": 2271.43, "word": " like", "probability": 0.99951171875 }, { "start": 2271.43, "end": 2271.55, "word": " it", "probability": 0.9990234375 } ] }, { "start": 2271.55, "end": 2278.11, "text": "separates people that are willing and able to use those tools and understand how to get the", "speaker_id": "Speaker 1", "words": [ { "start": 2271.55, "end": 2272.07, "word": " separates", "probability": 0.99951171875 }, { "start": 2272.07, "end": 2273.37, "word": " people", "probability": 0.99951171875 }, { "start": 2273.37, "end": 2273.59, "word": " that", "probability": 1.0 }, { "start": 2273.59, "end": 2273.79, "word": " are", "probability": 1.0 }, { "start": 2273.79, "end": 2274.43, "word": " willing", "probability": 0.99951171875 }, { "start": 2274.43, "end": 2274.63, "word": " and", "probability": 0.99951171875 }, { "start": 2274.63, "end": 2274.83, "word": " able", "probability": 0.99951171875 }, { "start": 2274.83, "end": 2275.03, "word": " to", "probability": 1.0 }, { "start": 2275.03, "end": 2275.31, "word": " use", "probability": 0.99951171875 }, { "start": 2275.31, "end": 2275.55, "word": " those", "probability": 1.0 }, { "start": 2275.55, "end": 2275.89, "word": " tools", "probability": 1.0 }, { "start": 2275.89, "end": 2276.37, "word": " and", "probability": 0.9990234375 }, { "start": 2276.37, "end": 2276.93, "word": " understand", "probability": 0.99951171875 }, { "start": 2276.93, "end": 2277.77, "word": " how", "probability": 1.0 }, { "start": 2277.77, "end": 2277.89, "word": " to", "probability": 1.0 }, { "start": 2277.89, "end": 2277.99, "word": " get", "probability": 1.0 }, { "start": 2277.99, "end": 2278.11, "word": " the", "probability": 1.0 } ] }, { "start": 2278.11, "end": 2281.69, "text": "benefits out of the tools without the drawbacks of those tools. Obviously, one of the", "speaker_id": "Speaker 1", "words": [ { "start": 2278.11, "end": 2278.49, "word": " benefits", "probability": 0.99951171875 }, { "start": 2278.49, "end": 2278.67, "word": " out", "probability": 0.99951171875 }, { "start": 2278.67, "end": 2278.73, "word": " of", "probability": 1.0 }, { "start": 2278.73, "end": 2278.83, "word": " the", "probability": 0.99951171875 }, { "start": 2278.83, "end": 2279.09, "word": " tools", "probability": 0.99951171875 }, { "start": 2279.09, "end": 2279.35, "word": " without", "probability": 0.9990234375 }, { "start": 2279.35, "end": 2279.55, "word": " the", "probability": 1.0 }, { "start": 2279.55, "end": 2280.05, "word": " drawbacks", "probability": 0.999267578125 }, { "start": 2280.05, "end": 2280.15, "word": " of", "probability": 0.375732421875 }, { "start": 2280.15, "end": 2280.31, "word": " those", "probability": 1.0 }, { "start": 2280.31, "end": 2280.63, "word": " tools.", "probability": 1.0 }, { "start": 2280.99, "end": 2281.41, "word": " Obviously,", "probability": 0.98486328125 }, { "start": 2281.53, "end": 2281.59, "word": " one", "probability": 1.0 }, { "start": 2281.59, "end": 2281.63, "word": " of", "probability": 1.0 }, { "start": 2281.63, "end": 2281.69, "word": " the", "probability": 1.0 } ] }, { "start": 2281.69, "end": 2286.49, "text": "drawbacks might be kind of like just AI brain, where you just don't think about anything.", "speaker_id": "Speaker 1", "words": [ { "start": 2281.69, "end": 2282.01, "word": " drawbacks", "probability": 0.999755859375 }, { "start": 2282.01, "end": 2282.21, "word": " might", "probability": 1.0 }, { "start": 2282.21, "end": 2282.41, "word": " be", "probability": 1.0 }, { "start": 2282.41, "end": 2282.63, "word": " kind", "probability": 0.84130859375 }, { "start": 2282.63, "end": 2282.71, "word": " of", "probability": 1.0 }, { "start": 2282.71, "end": 2282.87, "word": " like", "probability": 0.97314453125 }, { "start": 2282.87, "end": 2283.05, "word": " just", "probability": 0.97705078125 }, { "start": 2283.05, "end": 2283.35, "word": " AI", "probability": 0.99658203125 }, { "start": 2283.35, "end": 2283.75, "word": " brain,", "probability": 0.99951171875 }, { "start": 2283.87, "end": 2283.93, "word": " where", "probability": 0.98876953125 }, { "start": 2283.93, "end": 2284.03, "word": " you", "probability": 1.0 }, { "start": 2284.97, "end": 2285.41, "word": " just", "probability": 0.99951171875 }, { "start": 2285.41, "end": 2285.85, "word": " don't", "probability": 0.97998046875 }, { "start": 2285.85, "end": 2286.09, "word": " think", "probability": 1.0 }, { "start": 2286.09, "end": 2286.25, "word": " about", "probability": 0.99951171875 }, { "start": 2286.25, "end": 2286.49, "word": " anything.", "probability": 0.99951171875 } ] }, { "start": 2286.51, "end": 2293.27, "text": "You just ask AI. But if someone is just using it kind of to solve problems,", "speaker_id": "Speaker 1", "words": [ { "start": 2286.51, "end": 2286.59, "word": " You", "probability": 0.99951171875 }, { "start": 2286.59, "end": 2286.69, "word": " just", "probability": 0.99951171875 }, { "start": 2286.69, "end": 2287.01, "word": " ask", "probability": 1.0 }, { "start": 2287.01, "end": 2287.37, "word": " AI.", "probability": 1.0 }, { "start": 2288.51, "end": 2288.95, "word": " But", "probability": 0.99267578125 }, { "start": 2288.95, "end": 2289.05, "word": " if", "probability": 0.9990234375 }, { "start": 2289.05, "end": 2289.27, "word": " someone", "probability": 0.998046875 }, { "start": 2289.27, "end": 2289.43, "word": " is", "probability": 1.0 }, { "start": 2289.43, "end": 2289.57, "word": " just", "probability": 0.724609375 }, { "start": 2289.57, "end": 2290.57, "word": " using", "probability": 0.7294921875 }, { "start": 2290.57, "end": 2290.95, "word": " it", "probability": 1.0 }, { "start": 2290.95, "end": 2292.05, "word": " kind", "probability": 0.91162109375 }, { "start": 2292.05, "end": 2292.19, "word": " of", "probability": 1.0 }, { "start": 2292.19, "end": 2292.49, "word": " to", "probability": 1.0 }, { "start": 2292.49, "end": 2292.79, "word": " solve", "probability": 1.0 }, { "start": 2292.79, "end": 2293.27, "word": " problems,", "probability": 1.0 } ] }, { "start": 2293.45, "end": 2296.17, "text": "I think it's actually in some ways an equalizer.", "speaker_id": "Speaker 1", "words": [ { "start": 2293.45, "end": 2294.31, "word": " I", "probability": 0.96435546875 }, { "start": 2294.31, "end": 2294.59, "word": " think", "probability": 1.0 }, { "start": 2294.59, "end": 2294.73, "word": " it's", "probability": 0.99560546875 }, { "start": 2294.73, "end": 2294.91, "word": " actually", "probability": 0.99951171875 }, { "start": 2294.91, "end": 2295.21, "word": " in", "probability": 0.7763671875 }, { "start": 2295.21, "end": 2295.35, "word": " some", "probability": 1.0 }, { "start": 2295.35, "end": 2295.45, "word": " ways", "probability": 0.998046875 }, { "start": 2295.45, "end": 2295.61, "word": " an", "probability": 0.9990234375 }, { "start": 2295.61, "end": 2296.17, "word": " equalizer.", "probability": 0.99951171875 } ] }, { "start": 2296.57, "end": 2301.85, "text": "Yeah. So you're doing this interesting thing with Orange Juice, you and the team at", "speaker_id": "Speaker 2", "words": [ { "start": 2296.57, "end": 2296.79, "word": " Yeah.", "probability": 0.94580078125 }, { "start": 2297.11, "end": 2297.37, "word": " So", "probability": 0.98779296875 }, { "start": 2297.37, "end": 2298.65, "word": " you're", "probability": 0.965087890625 }, { "start": 2298.65, "end": 2298.81, "word": " doing", "probability": 1.0 }, { "start": 2298.81, "end": 2298.97, "word": " this", "probability": 1.0 }, { "start": 2298.97, "end": 2299.33, "word": " interesting", "probability": 1.0 }, { "start": 2299.33, "end": 2299.55, "word": " thing", "probability": 1.0 }, { "start": 2299.55, "end": 2299.81, "word": " with", "probability": 1.0 }, { "start": 2299.81, "end": 2300.19, "word": " Orange", "probability": 0.9052734375 }, { "start": 2300.19, "end": 2300.61, "word": " Juice,", "probability": 0.9951171875 }, { "start": 2300.79, "end": 2301.11, "word": " you", "probability": 0.955078125 }, { "start": 2301.11, "end": 2301.23, "word": " and", "probability": 1.0 }, { "start": 2301.23, "end": 2301.33, "word": " the", "probability": 1.0 }, { "start": 2301.33, "end": 2301.61, "word": " team", "probability": 1.0 }, { "start": 2301.61, "end": 2301.85, "word": " at", "probability": 1.0 } ] }, { "start": 2301.85, "end": 2306.31, "text": "EgoDeath Capital. It's really fascinating because it seems to me that it's solving for a", "speaker_id": "Speaker 2", "words": [ { "start": 2301.85, "end": 2302.49, "word": " EgoDeath", "probability": 0.85406494140625 }, { "start": 2302.49, "end": 2302.91, "word": " Capital.", "probability": 0.990234375 }, { "start": 2303.11, "end": 2303.29, "word": " It's", "probability": 0.7529296875 }, { "start": 2303.29, "end": 2303.45, "word": " really", "probability": 1.0 }, { "start": 2303.45, "end": 2303.89, "word": " fascinating", "probability": 0.99951171875 }, { "start": 2303.89, "end": 2304.05, "word": " because", "probability": 0.90576171875 }, { "start": 2304.05, "end": 2304.17, "word": " it", "probability": 1.0 }, { "start": 2304.17, "end": 2304.37, "word": " seems", "probability": 0.998046875 }, { "start": 2304.37, "end": 2304.51, "word": " to", "probability": 1.0 }, { "start": 2304.51, "end": 2304.75, "word": " me", "probability": 0.99951171875 }, { "start": 2304.75, "end": 2305.19, "word": " that", "probability": 1.0 }, { "start": 2305.19, "end": 2305.39, "word": " it's", "probability": 1.0 }, { "start": 2305.39, "end": 2305.85, "word": " solving", "probability": 0.99951171875 }, { "start": 2305.85, "end": 2306.19, "word": " for", "probability": 1.0 }, { "start": 2306.19, "end": 2306.31, "word": " a", "probability": 1.0 } ] }, { "start": 2306.31, "end": 2312.83, "text": "problem that not a lot of other people are addressing. So you're acquiring small to mid", "speaker_id": "Speaker 2", "words": [ { "start": 2306.31, "end": 2306.71, "word": " problem", "probability": 0.99951171875 }, { "start": 2306.71, "end": 2307.03, "word": " that", "probability": 1.0 }, { "start": 2307.03, "end": 2307.35, "word": " not", "probability": 1.0 }, { "start": 2307.35, "end": 2307.55, "word": " a", "probability": 1.0 }, { "start": 2307.55, "end": 2307.71, "word": " lot", "probability": 1.0 }, { "start": 2307.71, "end": 2307.85, "word": " of", "probability": 1.0 }, { "start": 2307.85, "end": 2308.07, "word": " other", "probability": 1.0 }, { "start": 2308.07, "end": 2308.43, "word": " people", "probability": 1.0 }, { "start": 2308.43, "end": 2308.85, "word": " are", "probability": 1.0 }, { "start": 2308.85, "end": 2309.45, "word": " addressing.", "probability": 1.0 }, { "start": 2310.05, "end": 2310.35, "word": " So", "probability": 0.9794921875 }, { "start": 2310.35, "end": 2310.79, "word": " you're", "probability": 0.977783203125 }, { "start": 2310.79, "end": 2311.91, "word": " acquiring", "probability": 0.84716796875 }, { "start": 2311.91, "end": 2312.49, "word": " small", "probability": 1.0 }, { "start": 2312.49, "end": 2312.65, "word": " to", "probability": 0.9921875 }, { "start": 2312.65, "end": 2312.83, "word": " mid", "probability": 1.0 } ] }, { "start": 2312.83, "end": 2318.03, "text": "-sized businesses and then transitioning them into a Bitcoin treasury company.", "speaker_id": "Speaker 2", "words": [ { "start": 2312.83, "end": 2313.09, "word": "-sized", "probability": 0.79736328125 }, { "start": 2313.09, "end": 2313.59, "word": " businesses", "probability": 1.0 }, { "start": 2313.59, "end": 2314.27, "word": " and", "probability": 0.9755859375 }, { "start": 2314.27, "end": 2314.39, "word": " then", "probability": 1.0 }, { "start": 2314.39, "end": 2315.07, "word": " transitioning", "probability": 1.0 }, { "start": 2315.07, "end": 2315.53, "word": " them", "probability": 1.0 }, { "start": 2315.53, "end": 2315.81, "word": " into", "probability": 1.0 }, { "start": 2315.81, "end": 2316.01, "word": " a", "probability": 1.0 }, { "start": 2316.01, "end": 2316.41, "word": " Bitcoin", "probability": 0.990234375 }, { "start": 2316.41, "end": 2317.09, "word": " treasury", "probability": 0.97314453125 }, { "start": 2317.09, "end": 2318.03, "word": " company.", "probability": 1.0 } ] }, { "start": 2319.83, "end": 2325.31, "text": "How does that solve for the challenge? Talk to me a little bit about why this idea came up,", "speaker_id": "Speaker 2", "words": [ { "start": 2319.83, "end": 2320.35, "word": " How", "probability": 0.99365234375 }, { "start": 2320.35, "end": 2320.53, "word": " does", "probability": 1.0 }, { "start": 2320.53, "end": 2320.73, "word": " that", "probability": 1.0 }, { "start": 2320.73, "end": 2321.25, "word": " solve", "probability": 1.0 }, { "start": 2321.25, "end": 2321.49, "word": " for", "probability": 0.99951171875 }, { "start": 2321.49, "end": 2321.61, "word": " the", "probability": 1.0 }, { "start": 2321.61, "end": 2322.03, "word": " challenge?", "probability": 1.0 }, { "start": 2322.37, "end": 2322.53, "word": " Talk", "probability": 0.99951171875 }, { "start": 2322.53, "end": 2322.63, "word": " to", "probability": 1.0 }, { "start": 2322.63, "end": 2322.71, "word": " me", "probability": 1.0 }, { "start": 2322.71, "end": 2322.81, "word": " a", "probability": 1.0 }, { "start": 2322.81, "end": 2322.89, "word": " little", "probability": 1.0 }, { "start": 2322.89, "end": 2323.03, "word": " bit", "probability": 1.0 }, { "start": 2323.03, "end": 2323.29, "word": " about", "probability": 1.0 }, { "start": 2323.29, "end": 2323.95, "word": " why", "probability": 0.99365234375 }, { "start": 2323.95, "end": 2324.59, "word": " this", "probability": 1.0 }, { "start": 2324.59, "end": 2324.85, "word": " idea", "probability": 1.0 }, { "start": 2324.85, "end": 2325.11, "word": " came", "probability": 1.0 }, { "start": 2325.11, "end": 2325.31, "word": " up,", "probability": 1.0 } ] }, { "start": 2325.37, "end": 2326.63, "text": "because it seems really unique to me.", "speaker_id": "Speaker 2", "words": [ { "start": 2325.37, "end": 2325.45, "word": " because", "probability": 1.0 }, { "start": 2325.45, "end": 2325.55, "word": " it", "probability": 1.0 }, { "start": 2325.55, "end": 2325.79, "word": " seems", "probability": 1.0 }, { "start": 2325.79, "end": 2326.01, "word": " really", "probability": 1.0 }, { "start": 2326.01, "end": 2326.29, "word": " unique", "probability": 1.0 }, { "start": 2326.29, "end": 2326.45, "word": " to", "probability": 1.0 }, { "start": 2326.45, "end": 2326.63, "word": " me.", "probability": 1.0 } ] }, { "start": 2326.91, "end": 2331.97, "text": "Good question. It kind of came up because some of us are both Bitcoin bulls and value", "speaker_id": "Speaker 1", "words": [ { "start": 2326.91, "end": 2327.17, "word": " Good", "probability": 0.8359375 }, { "start": 2327.17, "end": 2327.49, "word": " question.", "probability": 1.0 }, { "start": 2327.63, "end": 2327.89, "word": " It", "probability": 0.40234375 }, { "start": 2327.89, "end": 2328.05, "word": " kind", "probability": 0.96923828125 }, { "start": 2328.05, "end": 2328.15, "word": " of", "probability": 1.0 }, { "start": 2328.15, "end": 2328.33, "word": " came", "probability": 1.0 }, { "start": 2328.33, "end": 2328.53, "word": " up", "probability": 1.0 }, { "start": 2328.53, "end": 2328.95, "word": " because", "probability": 0.5986328125 }, { "start": 2328.95, "end": 2329.39, "word": " some", "probability": 1.0 }, { "start": 2329.39, "end": 2329.51, "word": " of", "probability": 1.0 }, { "start": 2329.51, "end": 2329.67, "word": " us", "probability": 1.0 }, { "start": 2329.67, "end": 2329.79, "word": " are", "probability": 1.0 }, { "start": 2329.79, "end": 2330.13, "word": " both", "probability": 0.99951171875 }, { "start": 2330.13, "end": 2330.99, "word": " Bitcoin", "probability": 1.0 }, { "start": 2330.99, "end": 2331.35, "word": " bulls", "probability": 0.99560546875 }, { "start": 2331.35, "end": 2331.71, "word": " and", "probability": 0.99951171875 }, { "start": 2331.71, "end": 2331.97, "word": " value", "probability": 0.99951171875 } ] }, { "start": 2331.97, "end": 2337.69, "text": "investors. And so the way we look at it is it's not a Bitcoin treasury company. It's a", "speaker_id": "Speaker 1", "words": [ { "start": 2331.97, "end": 2332.41, "word": " investors.", "probability": 1.0 }, { "start": 2332.89, "end": 2332.95, "word": " And", "probability": 0.92724609375 }, { "start": 2332.95, "end": 2333.29, "word": " so", "probability": 1.0 }, { "start": 2333.29, "end": 2334.65, "word": " the", "probability": 0.9970703125 }, { "start": 2334.65, "end": 2334.77, "word": " way", "probability": 1.0 }, { "start": 2334.77, "end": 2334.87, "word": " we", "probability": 1.0 }, { "start": 2334.87, "end": 2335.03, "word": " look", "probability": 1.0 }, { "start": 2335.03, "end": 2335.19, "word": " at", "probability": 1.0 }, { "start": 2335.19, "end": 2335.27, "word": " it", "probability": 1.0 }, { "start": 2335.27, "end": 2335.39, "word": " is", "probability": 0.98583984375 }, { "start": 2335.39, "end": 2335.59, "word": " it's", "probability": 0.98095703125 }, { "start": 2335.59, "end": 2335.73, "word": " not", "probability": 1.0 }, { "start": 2335.73, "end": 2335.85, "word": " a", "probability": 1.0 }, { "start": 2335.85, "end": 2336.11, "word": " Bitcoin", "probability": 1.0 }, { "start": 2336.11, "end": 2336.45, "word": " treasury", "probability": 0.99951171875 }, { "start": 2336.45, "end": 2336.87, "word": " company.", "probability": 1.0 }, { "start": 2336.87, "end": 2337.25, "word": " It's", "probability": 0.987060546875 }, { "start": 2337.25, "end": 2337.69, "word": " a", "probability": 0.9873046875 } ] }, { "start": 2337.69, "end": 2342.29, "text": "company that happens to have a Bitcoin treasury as part of its strategy. I think that the", "speaker_id": "Speaker 1", "words": [ { "start": 2337.69, "end": 2337.97, "word": " company", "probability": 0.99658203125 }, { "start": 2337.97, "end": 2338.15, "word": " that", "probability": 1.0 }, { "start": 2338.15, "end": 2338.47, "word": " happens", "probability": 1.0 }, { "start": 2338.47, "end": 2338.61, "word": " to", "probability": 1.0 }, { "start": 2338.61, "end": 2338.75, "word": " have", "probability": 1.0 }, { "start": 2338.75, "end": 2338.85, "word": " a", "probability": 1.0 }, { "start": 2338.85, "end": 2339.09, "word": " Bitcoin", "probability": 0.98974609375 }, { "start": 2339.09, "end": 2339.49, "word": " treasury", "probability": 0.97705078125 }, { "start": 2339.49, "end": 2339.81, "word": " as", "probability": 0.99951171875 }, { "start": 2339.81, "end": 2340.09, "word": " part", "probability": 1.0 }, { "start": 2340.09, "end": 2340.19, "word": " of", "probability": 1.0 }, { "start": 2340.19, "end": 2340.33, "word": " its", "probability": 1.0 }, { "start": 2340.33, "end": 2340.73, "word": " strategy.", "probability": 1.0 }, { "start": 2341.27, "end": 2341.75, "word": " I", "probability": 0.9912109375 }, { "start": 2341.75, "end": 2341.91, "word": " think", "probability": 1.0 }, { "start": 2341.91, "end": 2342.09, "word": " that", "probability": 0.99072265625 }, { "start": 2342.09, "end": 2342.29, "word": " the", "probability": 1.0 } ] }, { "start": 2342.29, "end": 2349.11, "text": "primary thing is that for – if you back up for a second, private equity solves a problem,", "speaker_id": "Speaker 1", "words": [ { "start": 2342.29, "end": 2343.01, "word": " primary", "probability": 0.99951171875 }, { "start": 2343.01, "end": 2343.45, "word": " thing", "probability": 1.0 }, { "start": 2343.45, "end": 2344.17, "word": " is", "probability": 1.0 }, { "start": 2344.17, "end": 2344.47, "word": " that", "probability": 1.0 }, { "start": 2344.47, "end": 2345.27, "word": " for", "probability": 0.66748046875 }, { "start": 2345.27, "end": 2345.85, "word": " –", "probability": 0.3125 }, { "start": 2345.85, "end": 2346.61, "word": " if", "probability": 0.99609375 }, { "start": 2346.61, "end": 2346.65, "word": " you", "probability": 0.998046875 }, { "start": 2346.65, "end": 2347.05, "word": " back", "probability": 0.9970703125 }, { "start": 2347.05, "end": 2347.19, "word": " up", "probability": 0.99609375 }, { "start": 2347.19, "end": 2347.33, "word": " for", "probability": 1.0 }, { "start": 2347.33, "end": 2347.39, "word": " a", "probability": 1.0 }, { "start": 2347.39, "end": 2347.61, "word": " second,", "probability": 1.0 }, { "start": 2347.77, "end": 2348.07, "word": " private", "probability": 0.99951171875 }, { "start": 2348.07, "end": 2348.31, "word": " equity", "probability": 1.0 }, { "start": 2348.31, "end": 2348.65, "word": " solves", "probability": 1.0 }, { "start": 2348.65, "end": 2348.79, "word": " a", "probability": 0.99853515625 }, { "start": 2348.79, "end": 2349.11, "word": " problem,", "probability": 1.0 } ] }, { "start": 2349.15, "end": 2353.77, "text": "which is that one of the hardest things you can sell is a business because it's large,", "speaker_id": "Speaker 1", "words": [ { "start": 2349.15, "end": 2349.37, "word": " which", "probability": 1.0 }, { "start": 2349.37, "end": 2349.51, "word": " is", "probability": 1.0 }, { "start": 2349.51, "end": 2349.75, "word": " that", "probability": 1.0 }, { "start": 2349.75, "end": 2350.17, "word": " one", "probability": 1.0 }, { "start": 2350.17, "end": 2350.25, "word": " of", "probability": 1.0 }, { "start": 2350.25, "end": 2350.35, "word": " the", "probability": 1.0 }, { "start": 2350.35, "end": 2350.65, "word": " hardest", "probability": 1.0 }, { "start": 2350.65, "end": 2350.99, "word": " things", "probability": 1.0 }, { "start": 2350.99, "end": 2351.23, "word": " you", "probability": 1.0 }, { "start": 2351.23, "end": 2351.35, "word": " can", "probability": 1.0 }, { "start": 2351.35, "end": 2351.71, "word": " sell", "probability": 1.0 }, { "start": 2351.71, "end": 2351.87, "word": " is", "probability": 0.67919921875 }, { "start": 2351.87, "end": 2351.97, "word": " a", "probability": 1.0 }, { "start": 2351.97, "end": 2352.37, "word": " business", "probability": 1.0 }, { "start": 2352.37, "end": 2353.07, "word": " because", "probability": 0.85791015625 }, { "start": 2353.07, "end": 2353.35, "word": " it's", "probability": 1.0 }, { "start": 2353.35, "end": 2353.77, "word": " large,", "probability": 1.0 } ] }, { "start": 2353.89, "end": 2359.07, "text": "illiquid, and everyone's unique, right? So that's inherently a very challenging, illiquid", "speaker_id": "Speaker 1", "words": [ { "start": 2353.89, "end": 2354.39, "word": " illiquid,", "probability": 0.9990234375 }, { "start": 2354.39, "end": 2354.65, "word": " and", "probability": 1.0 }, { "start": 2354.65, "end": 2355.23, "word": " everyone's", "probability": 0.962158203125 }, { "start": 2355.23, "end": 2355.57, "word": " unique,", "probability": 1.0 }, { "start": 2355.61, "end": 2356.13, "word": " right?", "probability": 0.99951171875 }, { "start": 2356.21, "end": 2356.33, "word": " So", "probability": 0.994140625 }, { "start": 2356.33, "end": 2356.97, "word": " that's", "probability": 0.97412109375 }, { "start": 2356.97, "end": 2357.23, "word": " inherently", "probability": 1.0 }, { "start": 2357.23, "end": 2357.45, "word": " a", "probability": 0.99755859375 }, { "start": 2357.45, "end": 2357.55, "word": " very", "probability": 1.0 }, { "start": 2357.55, "end": 2358.01, "word": " challenging,", "probability": 1.0 }, { "start": 2358.03, "end": 2359.07, "word": " illiquid", "probability": 0.9998372395833334 } ] }, { "start": 2359.07, "end": 2362.85, "text": "market. And private equity comes in and says, well, we're willing to buy and sell", "speaker_id": "Speaker 1", "words": [ { "start": 2359.07, "end": 2359.39, "word": " market.", "probability": 1.0 }, { "start": 2359.63, "end": 2359.93, "word": " And", "probability": 0.98974609375 }, { "start": 2359.93, "end": 2360.21, "word": " private", "probability": 1.0 }, { "start": 2360.21, "end": 2360.47, "word": " equity", "probability": 1.0 }, { "start": 2360.47, "end": 2360.75, "word": " comes", "probability": 1.0 }, { "start": 2360.75, "end": 2360.95, "word": " in", "probability": 1.0 }, { "start": 2360.95, "end": 2361.05, "word": " and", "probability": 1.0 }, { "start": 2361.05, "end": 2361.19, "word": " says,", "probability": 1.0 }, { "start": 2361.33, "end": 2361.39, "word": " well,", "probability": 0.99462890625 }, { "start": 2361.45, "end": 2361.87, "word": " we're", "probability": 1.0 }, { "start": 2361.87, "end": 2362.09, "word": " willing", "probability": 1.0 }, { "start": 2362.09, "end": 2362.23, "word": " to", "probability": 1.0 }, { "start": 2362.23, "end": 2362.47, "word": " buy", "probability": 1.0 }, { "start": 2362.47, "end": 2362.63, "word": " and", "probability": 1.0 }, { "start": 2362.63, "end": 2362.85, "word": " sell", "probability": 1.0 } ] }, { "start": 2362.85, "end": 2369.09, "text": "businesses. And so for decades, that has been a useful service. The problem is, especially", "speaker_id": "Speaker 1", "words": [ { "start": 2362.85, "end": 2363.31, "word": " businesses.", "probability": 1.0 }, { "start": 2363.93, "end": 2364.49, "word": " And", "probability": 0.728515625 }, { "start": 2364.49, "end": 2364.65, "word": " so", "probability": 0.99951171875 }, { "start": 2364.65, "end": 2364.85, "word": " for", "probability": 0.921875 }, { "start": 2364.85, "end": 2365.21, "word": " decades,", "probability": 1.0 }, { "start": 2365.43, "end": 2365.55, "word": " that", "probability": 1.0 }, { "start": 2365.55, "end": 2365.91, "word": " has", "probability": 1.0 }, { "start": 2365.91, "end": 2366.09, "word": " been", "probability": 1.0 }, { "start": 2366.09, "end": 2366.25, "word": " a", "probability": 1.0 }, { "start": 2366.25, "end": 2366.57, "word": " useful", "probability": 1.0 }, { "start": 2366.57, "end": 2366.95, "word": " service.", "probability": 1.0 }, { "start": 2367.09, "end": 2367.17, "word": " The", "probability": 0.9951171875 }, { "start": 2367.17, "end": 2367.51, "word": " problem", "probability": 1.0 }, { "start": 2367.51, "end": 2367.85, "word": " is,", "probability": 1.0 }, { "start": 2368.27, "end": 2369.09, "word": " especially", "probability": 1.0 } ] }, { "start": 2369.09, "end": 2374.81, "text": "during this like 40 -year period of declining interest rates that is now over, really the", "speaker_id": "Speaker 1", "words": [ { "start": 2369.09, "end": 2369.35, "word": " during", "probability": 1.0 }, { "start": 2369.35, "end": 2369.51, "word": " this", "probability": 1.0 }, { "start": 2369.51, "end": 2369.65, "word": " like", "probability": 0.4921875 }, { "start": 2369.65, "end": 2370.03, "word": " 40", "probability": 0.99951171875 }, { "start": 2370.03, "end": 2370.21, "word": "-year", "probability": 0.847900390625 }, { "start": 2370.21, "end": 2370.51, "word": " period", "probability": 1.0 }, { "start": 2370.51, "end": 2370.65, "word": " of", "probability": 1.0 }, { "start": 2370.65, "end": 2371.03, "word": " declining", "probability": 1.0 }, { "start": 2371.03, "end": 2371.33, "word": " interest", "probability": 0.994140625 }, { "start": 2371.33, "end": 2371.69, "word": " rates", "probability": 1.0 }, { "start": 2371.69, "end": 2372.19, "word": " that", "probability": 0.994140625 }, { "start": 2372.19, "end": 2372.29, "word": " is", "probability": 0.9833984375 }, { "start": 2372.29, "end": 2372.49, "word": " now", "probability": 1.0 }, { "start": 2372.49, "end": 2372.81, "word": " over,", "probability": 1.0 }, { "start": 2373.97, "end": 2374.51, "word": " really", "probability": 0.89111328125 }, { "start": 2374.51, "end": 2374.81, "word": " the", "probability": 0.96484375 } ] }, { "start": 2374.81, "end": 2381.29, "text": "process there was buy a business, lever it up on ever cheaper debt. You have better", "speaker_id": "Speaker 1", "words": [ { "start": 2374.81, "end": 2376.55, "word": " process", "probability": 1.0 }, { "start": 2376.55, "end": 2376.81, "word": " there", "probability": 1.0 }, { "start": 2376.81, "end": 2377.03, "word": " was", "probability": 1.0 }, { "start": 2377.03, "end": 2377.31, "word": " buy", "probability": 0.99755859375 }, { "start": 2377.31, "end": 2377.47, "word": " a", "probability": 1.0 }, { "start": 2377.47, "end": 2377.93, "word": " business,", "probability": 1.0 }, { "start": 2378.35, "end": 2378.69, "word": " lever", "probability": 0.99072265625 }, { "start": 2378.69, "end": 2378.87, "word": " it", "probability": 0.99951171875 }, { "start": 2378.87, "end": 2379.11, "word": " up", "probability": 1.0 }, { "start": 2379.11, "end": 2379.67, "word": " on", "probability": 0.99951171875 }, { "start": 2379.67, "end": 2380.19, "word": " ever", "probability": 0.98095703125 }, { "start": 2380.19, "end": 2380.49, "word": " cheaper", "probability": 0.787109375 }, { "start": 2380.49, "end": 2380.85, "word": " debt.", "probability": 1.0 }, { "start": 2380.99, "end": 2381.01, "word": " You", "probability": 0.9951171875 }, { "start": 2381.01, "end": 2381.13, "word": " have", "probability": 0.8701171875 }, { "start": 2381.13, "end": 2381.29, "word": " better", "probability": 0.99658203125 } ] }, { "start": 2381.29, "end": 2387.59, "text": "cost of capital than the seller did, fire half the staff, and then flip the company in a", "speaker_id": "Speaker 1", "words": [ { "start": 2381.29, "end": 2382.01, "word": " cost", "probability": 0.98828125 }, { "start": 2382.01, "end": 2382.13, "word": " of", "probability": 0.98486328125 }, { "start": 2382.13, "end": 2382.49, "word": " capital", "probability": 1.0 }, { "start": 2382.49, "end": 2382.77, "word": " than", "probability": 1.0 }, { "start": 2382.77, "end": 2383.11, "word": " the", "probability": 1.0 }, { "start": 2383.11, "end": 2383.37, "word": " seller", "probability": 1.0 }, { "start": 2383.37, "end": 2383.69, "word": " did,", "probability": 1.0 }, { "start": 2384.17, "end": 2384.67, "word": " fire", "probability": 0.99951171875 }, { "start": 2384.67, "end": 2384.93, "word": " half", "probability": 1.0 }, { "start": 2384.93, "end": 2385.09, "word": " the", "probability": 1.0 }, { "start": 2385.09, "end": 2385.51, "word": " staff,", "probability": 1.0 }, { "start": 2385.59, "end": 2386.39, "word": " and", "probability": 1.0 }, { "start": 2386.39, "end": 2386.53, "word": " then", "probability": 1.0 }, { "start": 2386.53, "end": 2386.89, "word": " flip", "probability": 1.0 }, { "start": 2386.89, "end": 2387.07, "word": " the", "probability": 1.0 }, { "start": 2387.07, "end": 2387.39, "word": " company", "probability": 1.0 }, { "start": 2387.39, "end": 2387.49, "word": " in", "probability": 0.99951171875 }, { "start": 2387.49, "end": 2387.59, "word": " a", "probability": 1.0 } ] }, { "start": 2387.59, "end": 2393.27, "text": "few years. And, you know, you've maximized near -term profits and you've made money. but", "speaker_id": "Speaker 1", "words": [ { "start": 2387.59, "end": 2387.71, "word": " few", "probability": 1.0 }, { "start": 2387.71, "end": 2388.13, "word": " years.", "probability": 1.0 }, { "start": 2388.77, "end": 2389.33, "word": " And,", "probability": 0.99658203125 }, { "start": 2389.35, "end": 2389.73, "word": " you", "probability": 0.9970703125 }, { "start": 2389.73, "end": 2389.77, "word": " know,", "probability": 0.9990234375 }, { "start": 2389.83, "end": 2390.17, "word": " you've", "probability": 1.0 }, { "start": 2390.17, "end": 2390.83, "word": " maximized", "probability": 0.9990234375 }, { "start": 2390.83, "end": 2391.07, "word": " near", "probability": 1.0 }, { "start": 2391.07, "end": 2391.27, "word": "-term", "probability": 0.985595703125 }, { "start": 2391.27, "end": 2391.77, "word": " profits", "probability": 1.0 }, { "start": 2391.77, "end": 2392.01, "word": " and", "probability": 0.935546875 }, { "start": 2392.01, "end": 2392.17, "word": " you've", "probability": 1.0 }, { "start": 2392.17, "end": 2392.31, "word": " made", "probability": 0.99951171875 }, { "start": 2392.31, "end": 2392.65, "word": " money.", "probability": 1.0 }, { "start": 2392.65, "end": 2393.27, "word": " but", "probability": 0.5859375 } ] }, { "start": 2393.27, "end": 2398.09, "text": "you kind of set that business up to not really be successful 10, 20 years down the line.", "speaker_id": "Speaker 1", "words": [ { "start": 2393.27, "end": 2393.37, "word": " you", "probability": 1.0 }, { "start": 2393.37, "end": 2393.55, "word": " kind", "probability": 0.9208984375 }, { "start": 2393.55, "end": 2393.65, "word": " of", "probability": 1.0 }, { "start": 2393.65, "end": 2393.85, "word": " set", "probability": 1.0 }, { "start": 2393.85, "end": 2394.07, "word": " that", "probability": 1.0 }, { "start": 2394.07, "end": 2394.39, "word": " business", "probability": 1.0 }, { "start": 2394.39, "end": 2394.65, "word": " up", "probability": 1.0 }, { "start": 2394.65, "end": 2394.81, "word": " to", "probability": 0.99951171875 }, { "start": 2394.81, "end": 2394.97, "word": " not", "probability": 1.0 }, { "start": 2394.97, "end": 2395.23, "word": " really", "probability": 1.0 }, { "start": 2395.23, "end": 2395.75, "word": " be", "probability": 1.0 }, { "start": 2395.75, "end": 2396.31, "word": " successful", "probability": 1.0 }, { "start": 2396.31, "end": 2396.83, "word": " 10,", "probability": 0.98876953125 }, { "start": 2397.01, "end": 2397.19, "word": " 20", "probability": 1.0 }, { "start": 2397.19, "end": 2397.49, "word": " years", "probability": 1.0 }, { "start": 2397.49, "end": 2397.71, "word": " down", "probability": 1.0 }, { "start": 2397.71, "end": 2397.83, "word": " the", "probability": 1.0 }, { "start": 2397.83, "end": 2398.09, "word": " line.", "probability": 1.0 } ] }, { "start": 2398.33, "end": 2405.01, "text": "You kind of pulled forward some of the profits. And so there's a, you kind of rip the soul", "speaker_id": "Speaker 1", "words": [ { "start": 2398.33, "end": 2398.51, "word": " You", "probability": 0.9970703125 }, { "start": 2398.51, "end": 2398.89, "word": " kind", "probability": 0.8603515625 }, { "start": 2398.89, "end": 2399.01, "word": " of", "probability": 1.0 }, { "start": 2399.01, "end": 2399.31, "word": " pulled", "probability": 0.970703125 }, { "start": 2399.31, "end": 2399.81, "word": " forward", "probability": 1.0 }, { "start": 2399.81, "end": 2400.43, "word": " some", "probability": 0.99951171875 }, { "start": 2400.43, "end": 2400.55, "word": " of", "probability": 1.0 }, { "start": 2400.55, "end": 2400.65, "word": " the", "probability": 1.0 }, { "start": 2400.65, "end": 2401.19, "word": " profits.", "probability": 1.0 }, { "start": 2401.93, "end": 2402.31, "word": " And", "probability": 0.94580078125 }, { "start": 2402.31, "end": 2402.63, "word": " so", "probability": 1.0 }, { "start": 2402.63, "end": 2403.41, "word": " there's", "probability": 0.6922607421875 }, { "start": 2403.41, "end": 2403.61, "word": " a,", "probability": 0.99609375 }, { "start": 2403.63, "end": 2404.23, "word": " you", "probability": 0.99462890625 }, { "start": 2404.23, "end": 2404.41, "word": " kind", "probability": 1.0 }, { "start": 2404.41, "end": 2404.49, "word": " of", "probability": 1.0 }, { "start": 2404.49, "end": 2404.65, "word": " rip", "probability": 0.92333984375 }, { "start": 2404.65, "end": 2404.79, "word": " the", "probability": 1.0 }, { "start": 2404.79, "end": 2405.01, "word": " soul", "probability": 0.99560546875 } ] }, { "start": 2405.01, "end": 2409.07, "text": "out of a company or the quality out of the company or the, and like you'll see all the time", "speaker_id": "Speaker 1", "words": [ { "start": 2405.01, "end": 2405.17, "word": " out", "probability": 1.0 }, { "start": 2405.17, "end": 2405.25, "word": " of", "probability": 1.0 }, { "start": 2405.25, "end": 2405.33, "word": " a", "probability": 0.99951171875 }, { "start": 2405.33, "end": 2405.63, "word": " company", "probability": 1.0 }, { "start": 2405.63, "end": 2405.79, "word": " or", "probability": 0.98681640625 }, { "start": 2405.79, "end": 2405.91, "word": " the", "probability": 1.0 }, { "start": 2405.91, "end": 2406.29, "word": " quality", "probability": 1.0 }, { "start": 2406.29, "end": 2406.43, "word": " out", "probability": 1.0 }, { "start": 2406.43, "end": 2406.49, "word": " of", "probability": 1.0 }, { "start": 2406.49, "end": 2406.57, "word": " the", "probability": 1.0 }, { "start": 2406.57, "end": 2406.93, "word": " company", "probability": 1.0 }, { "start": 2406.93, "end": 2407.09, "word": " or", "probability": 0.74658203125 }, { "start": 2407.09, "end": 2407.27, "word": " the,", "probability": 0.8740234375 }, { "start": 2407.27, "end": 2407.95, "word": " and", "probability": 0.88623046875 }, { "start": 2407.95, "end": 2408.53, "word": " like", "probability": 0.6611328125 }, { "start": 2408.53, "end": 2408.67, "word": " you'll", "probability": 0.7421875 }, { "start": 2408.67, "end": 2408.77, "word": " see", "probability": 1.0 }, { "start": 2408.77, "end": 2408.87, "word": " all", "probability": 1.0 }, { "start": 2408.87, "end": 2408.95, "word": " the", "probability": 1.0 }, { "start": 2408.95, "end": 2409.07, "word": " time", "probability": 1.0 } ] }, { "start": 2409.07, "end": 2412.79, "text": "people are like, Oh, I love this veterinary clinic in my area before private equity took it", "speaker_id": "Speaker 1", "words": [ { "start": 2409.07, "end": 2409.25, "word": " people", "probability": 0.3798828125 }, { "start": 2409.25, "end": 2409.35, "word": " are", "probability": 0.83056640625 }, { "start": 2409.35, "end": 2409.45, "word": " like,", "probability": 1.0 }, { "start": 2409.51, "end": 2409.55, "word": " Oh,", "probability": 0.152099609375 }, { "start": 2409.57, "end": 2409.81, "word": " I", "probability": 1.0 }, { "start": 2409.81, "end": 2410.03, "word": " love", "probability": 0.72412109375 }, { "start": 2410.03, "end": 2410.23, "word": " this", "probability": 1.0 }, { "start": 2410.23, "end": 2410.67, "word": " veterinary", "probability": 0.999755859375 }, { "start": 2410.67, "end": 2410.97, "word": " clinic", "probability": 1.0 }, { "start": 2410.97, "end": 2411.15, "word": " in", "probability": 0.9990234375 }, { "start": 2411.15, "end": 2411.27, "word": " my", "probability": 1.0 }, { "start": 2411.27, "end": 2411.57, "word": " area", "probability": 1.0 }, { "start": 2411.57, "end": 2411.87, "word": " before", "probability": 0.99853515625 }, { "start": 2411.87, "end": 2412.19, "word": " private", "probability": 0.99169921875 }, { "start": 2412.19, "end": 2412.43, "word": " equity", "probability": 1.0 }, { "start": 2412.43, "end": 2412.65, "word": " took", "probability": 0.998046875 }, { "start": 2412.65, "end": 2412.79, "word": " it", "probability": 1.0 } ] }, { "start": 2412.79, "end": 2416.53, "text": "over. Now they're just kind of trying to cross sell products and they're cutting services", "speaker_id": "Speaker 1", "words": [ { "start": 2412.79, "end": 2412.97, "word": " over.", "probability": 1.0 }, { "start": 2413.09, "end": 2413.19, "word": " Now", "probability": 0.99267578125 }, { "start": 2413.19, "end": 2413.35, "word": " they're", "probability": 0.99658203125 }, { "start": 2413.35, "end": 2413.45, "word": " just", "probability": 1.0 }, { "start": 2413.45, "end": 2413.59, "word": " kind", "probability": 0.9970703125 }, { "start": 2413.59, "end": 2413.67, "word": " of", "probability": 1.0 }, { "start": 2413.67, "end": 2413.81, "word": " trying", "probability": 1.0 }, { "start": 2413.81, "end": 2413.93, "word": " to", "probability": 1.0 }, { "start": 2413.93, "end": 2414.23, "word": " cross", "probability": 0.99951171875 }, { "start": 2414.23, "end": 2414.45, "word": " sell", "probability": 0.98291015625 }, { "start": 2414.45, "end": 2414.89, "word": " products", "probability": 1.0 }, { "start": 2414.89, "end": 2415.13, "word": " and", "probability": 0.99853515625 }, { "start": 2415.13, "end": 2415.39, "word": " they're", "probability": 0.99951171875 }, { "start": 2415.39, "end": 2416.05, "word": " cutting", "probability": 0.99853515625 }, { "start": 2416.05, "end": 2416.53, "word": " services", "probability": 0.998046875 } ] }, { "start": 2416.53, "end": 2420.55, "text": "and raising prices. And it's just, it's, you know, it's run by someone with a spreadsheet", "speaker_id": "Speaker 1", "words": [ { "start": 2416.53, "end": 2416.75, "word": " and", "probability": 1.0 }, { "start": 2416.75, "end": 2416.99, "word": " raising", "probability": 0.99951171875 }, { "start": 2416.99, "end": 2417.45, "word": " prices.", "probability": 0.99951171875 }, { "start": 2417.45, "end": 2417.71, "word": " And", "probability": 0.99560546875 }, { "start": 2417.71, "end": 2417.85, "word": " it's", "probability": 1.0 }, { "start": 2417.85, "end": 2417.97, "word": " just,", "probability": 0.99951171875 }, { "start": 2418.13, "end": 2418.27, "word": " it's,", "probability": 0.983642578125 }, { "start": 2418.27, "end": 2418.77, "word": " you", "probability": 0.751953125 }, { "start": 2418.77, "end": 2418.81, "word": " know,", "probability": 1.0 }, { "start": 2418.85, "end": 2419.15, "word": " it's", "probability": 0.99951171875 }, { "start": 2419.15, "end": 2419.37, "word": " run", "probability": 0.62109375 }, { "start": 2419.37, "end": 2419.57, "word": " by", "probability": 1.0 }, { "start": 2419.57, "end": 2419.87, "word": " someone", "probability": 1.0 }, { "start": 2419.87, "end": 2420.05, "word": " with", "probability": 0.99951171875 }, { "start": 2420.05, "end": 2420.15, "word": " a", "probability": 1.0 }, { "start": 2420.15, "end": 2420.55, "word": " spreadsheet", "probability": 1.0 } ] }, { "start": 2420.55, "end": 2424.39, "text": "rather than someone who loves animals, for example. And obviously, you have to balance", "speaker_id": "Speaker 1", "words": [ { "start": 2420.55, "end": 2420.91, "word": " rather", "probability": 0.994140625 }, { "start": 2420.91, "end": 2421.03, "word": " than", "probability": 1.0 }, { "start": 2421.03, "end": 2421.27, "word": " someone", "probability": 1.0 }, { "start": 2421.27, "end": 2421.43, "word": " who", "probability": 1.0 }, { "start": 2421.43, "end": 2421.67, "word": " loves", "probability": 1.0 }, { "start": 2421.67, "end": 2422.01, "word": " animals,", "probability": 1.0 }, { "start": 2422.05, "end": 2422.19, "word": " for", "probability": 1.0 }, { "start": 2422.19, "end": 2422.49, "word": " example.", "probability": 1.0 }, { "start": 2422.65, "end": 2423.37, "word": " And", "probability": 0.78125 }, { "start": 2423.37, "end": 2423.81, "word": " obviously,", "probability": 0.97607421875 }, { "start": 2423.95, "end": 2423.95, "word": " you", "probability": 1.0 }, { "start": 2423.95, "end": 2424.05, "word": " have", "probability": 1.0 }, { "start": 2424.05, "end": 2424.15, "word": " to", "probability": 1.0 }, { "start": 2424.15, "end": 2424.39, "word": " balance", "probability": 1.0 } ] }, { "start": 2424.39, "end": 2431.19, "text": "business with the true passion of what you're doing. But a lot of private equity businesses", "speaker_id": "Speaker 1", "words": [ { "start": 2424.39, "end": 2424.83, "word": " business", "probability": 1.0 }, { "start": 2424.83, "end": 2425.19, "word": " with", "probability": 1.0 }, { "start": 2425.19, "end": 2426.53, "word": " the", "probability": 0.86474609375 }, { "start": 2426.53, "end": 2427.85, "word": " true", "probability": 0.99951171875 }, { "start": 2427.85, "end": 2428.29, "word": " passion", "probability": 0.99951171875 }, { "start": 2428.29, "end": 2428.41, "word": " of", "probability": 0.99560546875 }, { "start": 2428.41, "end": 2428.51, "word": " what", "probability": 1.0 }, { "start": 2428.51, "end": 2428.63, "word": " you're", "probability": 0.99951171875 }, { "start": 2428.63, "end": 2428.95, "word": " doing.", "probability": 1.0 }, { "start": 2429.59, "end": 2430.07, "word": " But", "probability": 0.99951171875 }, { "start": 2430.07, "end": 2430.19, "word": " a", "probability": 1.0 }, { "start": 2430.19, "end": 2430.29, "word": " lot", "probability": 1.0 }, { "start": 2430.29, "end": 2430.37, "word": " of", "probability": 1.0 }, { "start": 2430.37, "end": 2430.61, "word": " private", "probability": 1.0 }, { "start": 2430.61, "end": 2430.81, "word": " equity", "probability": 0.99951171875 }, { "start": 2430.81, "end": 2431.19, "word": " businesses", "probability": 1.0 } ] }, { "start": 2431.19, "end": 2435.23, "text": "have that outcome, whereas it's geared more toward the spreadsheet. And private equity", "speaker_id": "Speaker 1", "words": [ { "start": 2431.19, "end": 2431.73, "word": " have", "probability": 1.0 }, { "start": 2431.73, "end": 2431.93, "word": " that", "probability": 1.0 }, { "start": 2431.93, "end": 2432.33, "word": " outcome,", "probability": 1.0 }, { "start": 2432.35, "end": 2432.59, "word": " whereas", "probability": 0.41162109375 }, { "start": 2432.59, "end": 2432.83, "word": " it's", "probability": 1.0 }, { "start": 2432.83, "end": 2433.01, "word": " geared", "probability": 1.0 }, { "start": 2433.01, "end": 2433.25, "word": " more", "probability": 1.0 }, { "start": 2433.25, "end": 2433.47, "word": " toward", "probability": 0.982421875 }, { "start": 2433.47, "end": 2433.61, "word": " the", "probability": 1.0 }, { "start": 2433.61, "end": 2434.09, "word": " spreadsheet.", "probability": 0.99951171875 }, { "start": 2434.35, "end": 2434.75, "word": " And", "probability": 0.99951171875 }, { "start": 2434.75, "end": 2435.01, "word": " private", "probability": 1.0 }, { "start": 2435.01, "end": 2435.23, "word": " equity", "probability": 1.0 } ] }, { "start": 2435.23, "end": 2440.71, "text": "companies have a larger than average failure rate because they get loaded up with debt and", "speaker_id": "Speaker 1", "words": [ { "start": 2435.23, "end": 2435.53, "word": " companies", "probability": 1.0 }, { "start": 2435.53, "end": 2435.73, "word": " have", "probability": 1.0 }, { "start": 2435.73, "end": 2435.85, "word": " a", "probability": 1.0 }, { "start": 2435.85, "end": 2436.19, "word": " larger", "probability": 1.0 }, { "start": 2436.19, "end": 2436.33, "word": " than", "probability": 0.80029296875 }, { "start": 2436.33, "end": 2436.65, "word": " average", "probability": 1.0 }, { "start": 2436.65, "end": 2437.05, "word": " failure", "probability": 1.0 }, { "start": 2437.05, "end": 2437.39, "word": " rate", "probability": 1.0 }, { "start": 2437.39, "end": 2438.75, "word": " because", "probability": 0.9521484375 }, { "start": 2438.75, "end": 2439.09, "word": " they", "probability": 1.0 }, { "start": 2439.09, "end": 2439.61, "word": " get", "probability": 1.0 }, { "start": 2439.61, "end": 2439.95, "word": " loaded", "probability": 0.9970703125 }, { "start": 2439.95, "end": 2440.11, "word": " up", "probability": 1.0 }, { "start": 2440.11, "end": 2440.23, "word": " with", "probability": 0.9072265625 }, { "start": 2440.23, "end": 2440.51, "word": " debt", "probability": 1.0 }, { "start": 2440.51, "end": 2440.71, "word": " and", "probability": 0.99951171875 } ] }, { "start": 2440.71, "end": 2446.53, "text": "have some of their kind of soul ripped out. And so structurally, a permanent capital", "speaker_id": "Speaker 1", "words": [ { "start": 2440.71, "end": 2441.15, "word": " have", "probability": 1.0 }, { "start": 2441.15, "end": 2441.37, "word": " some", "probability": 1.0 }, { "start": 2441.37, "end": 2441.51, "word": " of", "probability": 1.0 }, { "start": 2441.51, "end": 2441.75, "word": " their", "probability": 1.0 }, { "start": 2441.75, "end": 2441.95, "word": " kind", "probability": 0.65478515625 }, { "start": 2441.95, "end": 2442.13, "word": " of", "probability": 1.0 }, { "start": 2442.13, "end": 2442.61, "word": " soul", "probability": 0.98486328125 }, { "start": 2442.61, "end": 2442.87, "word": " ripped", "probability": 1.0 }, { "start": 2442.87, "end": 2443.13, "word": " out.", "probability": 1.0 }, { "start": 2443.65, "end": 2444.05, "word": " And", "probability": 0.90283203125 }, { "start": 2444.05, "end": 2444.35, "word": " so", "probability": 1.0 }, { "start": 2444.35, "end": 2445.21, "word": " structurally,", "probability": 0.95654296875 }, { "start": 2445.47, "end": 2445.73, "word": " a", "probability": 1.0 }, { "start": 2445.73, "end": 2446.07, "word": " permanent", "probability": 1.0 }, { "start": 2446.07, "end": 2446.53, "word": " capital", "probability": 1.0 } ] }, { "start": 2446.53, "end": 2451.11, "text": "vehicle is interesting. And that's just a jargony way of saying a company. So private", "speaker_id": "Speaker 1", "words": [ { "start": 2446.53, "end": 2446.89, "word": " vehicle", "probability": 1.0 }, { "start": 2446.89, "end": 2447.03, "word": " is", "probability": 0.9970703125 }, { "start": 2447.03, "end": 2447.35, "word": " interesting.", "probability": 1.0 }, { "start": 2447.51, "end": 2447.61, "word": " And", "probability": 0.9853515625 }, { "start": 2447.61, "end": 2447.99, "word": " that's", "probability": 1.0 }, { "start": 2447.99, "end": 2448.09, "word": " just", "probability": 1.0 }, { "start": 2448.09, "end": 2448.23, "word": " a", "probability": 1.0 }, { "start": 2448.23, "end": 2448.63, "word": " jargony", "probability": 0.9752604166666666 }, { "start": 2448.63, "end": 2448.79, "word": " way", "probability": 1.0 }, { "start": 2448.79, "end": 2448.89, "word": " of", "probability": 1.0 }, { "start": 2448.89, "end": 2449.05, "word": " saying", "probability": 1.0 }, { "start": 2449.05, "end": 2449.21, "word": " a", "probability": 0.99951171875 }, { "start": 2449.21, "end": 2449.59, "word": " company.", "probability": 1.0 }, { "start": 2449.93, "end": 2450.07, "word": " So", "probability": 0.99853515625 }, { "start": 2450.07, "end": 2451.11, "word": " private", "probability": 0.99853515625 } ] }, { "start": 2451.11, "end": 2455.09, "text": "equity investors, I mean, managers are not like evil. They have an incentive structure.", "speaker_id": "Speaker 1", "words": [ { "start": 2451.11, "end": 2451.31, "word": " equity", "probability": 1.0 }, { "start": 2451.31, "end": 2451.71, "word": " investors,", "probability": 1.0 }, { "start": 2451.95, "end": 2451.95, "word": " I", "probability": 0.99560546875 }, { "start": 2451.95, "end": 2452.07, "word": " mean,", "probability": 1.0 }, { "start": 2452.19, "end": 2452.51, "word": " managers", "probability": 1.0 }, { "start": 2452.51, "end": 2452.65, "word": " are", "probability": 0.99853515625 }, { "start": 2452.65, "end": 2452.79, "word": " not", "probability": 1.0 }, { "start": 2452.79, "end": 2452.95, "word": " like", "probability": 0.90625 }, { "start": 2452.95, "end": 2453.33, "word": " evil.", "probability": 0.99951171875 }, { "start": 2453.57, "end": 2453.97, "word": " They", "probability": 1.0 }, { "start": 2453.97, "end": 2454.25, "word": " have", "probability": 1.0 }, { "start": 2454.25, "end": 2454.37, "word": " an", "probability": 1.0 }, { "start": 2454.37, "end": 2454.73, "word": " incentive", "probability": 1.0 }, { "start": 2454.73, "end": 2455.09, "word": " structure.", "probability": 1.0 } ] }, { "start": 2455.25, "end": 2459.89, "text": "They have like a, you know, say a 10 -year fund life. And their mandate is to go buy", "speaker_id": "Speaker 1", "words": [ { "start": 2455.25, "end": 2455.27, "word": " They", "probability": 0.9853515625 }, { "start": 2455.27, "end": 2455.37, "word": " have", "probability": 1.0 }, { "start": 2455.37, "end": 2455.47, "word": " like", "probability": 0.974609375 }, { "start": 2455.47, "end": 2455.61, "word": " a,", "probability": 0.7314453125 }, { "start": 2455.69, "end": 2455.91, "word": " you", "probability": 0.7119140625 }, { "start": 2455.91, "end": 2455.93, "word": " know,", "probability": 0.99951171875 }, { "start": 2455.99, "end": 2456.07, "word": " say", "probability": 0.99853515625 }, { "start": 2456.07, "end": 2456.23, "word": " a", "probability": 0.9912109375 }, { "start": 2456.23, "end": 2456.47, "word": " 10", "probability": 0.99755859375 }, { "start": 2456.47, "end": 2456.73, "word": "-year", "probability": 0.786865234375 }, { "start": 2456.73, "end": 2457.67, "word": " fund", "probability": 1.0 }, { "start": 2457.67, "end": 2458.07, "word": " life.", "probability": 1.0 }, { "start": 2458.45, "end": 2458.69, "word": " And", "probability": 1.0 }, { "start": 2458.69, "end": 2458.85, "word": " their", "probability": 1.0 }, { "start": 2458.85, "end": 2459.17, "word": " mandate", "probability": 1.0 }, { "start": 2459.17, "end": 2459.35, "word": " is", "probability": 1.0 }, { "start": 2459.35, "end": 2459.47, "word": " to", "probability": 1.0 }, { "start": 2459.47, "end": 2459.61, "word": " go", "probability": 1.0 }, { "start": 2459.61, "end": 2459.89, "word": " buy", "probability": 0.99267578125 } ] }, { "start": 2459.89, "end": 2465.27, "text": "businesses, quote unquote, fix them up and then flip them out and build a return cash to", "speaker_id": "Speaker 1", "words": [ { "start": 2459.89, "end": 2460.39, "word": " businesses,", "probability": 1.0 }, { "start": 2461.27, "end": 2461.37, "word": " quote", "probability": 0.99951171875 }, { "start": 2461.37, "end": 2461.55, "word": " unquote,", "probability": 0.59326171875 }, { "start": 2461.69, "end": 2461.85, "word": " fix", "probability": 0.99951171875 }, { "start": 2461.85, "end": 2462.01, "word": " them", "probability": 1.0 }, { "start": 2462.01, "end": 2462.21, "word": " up", "probability": 1.0 }, { "start": 2462.21, "end": 2462.33, "word": " and", "probability": 0.73486328125 }, { "start": 2462.33, "end": 2462.79, "word": " then", "probability": 1.0 }, { "start": 2462.79, "end": 2463.41, "word": " flip", "probability": 0.9921875 }, { "start": 2463.41, "end": 2463.61, "word": " them", "probability": 1.0 }, { "start": 2463.61, "end": 2463.85, "word": " out", "probability": 1.0 }, { "start": 2463.85, "end": 2464.03, "word": " and", "probability": 0.9990234375 }, { "start": 2464.03, "end": 2464.19, "word": " build", "probability": 0.634765625 }, { "start": 2464.19, "end": 2464.31, "word": " a", "probability": 0.99609375 }, { "start": 2464.31, "end": 2464.57, "word": " return", "probability": 1.0 }, { "start": 2464.57, "end": 2465.03, "word": " cash", "probability": 0.9990234375 }, { "start": 2465.03, "end": 2465.27, "word": " to", "probability": 1.0 } ] }, { "start": 2465.27, "end": 2465.99, "text": "investors.", "speaker_id": "Speaker 1", "words": [ { "start": 2465.27, "end": 2465.99, "word": " investors.", "probability": 0.99951171875 } ] }, { "start": 2466.29, "end": 2466.69, "text": "And they", "speaker_id": "Speaker 2", "words": [ { "start": 2466.29, "end": 2466.57, "word": " And", "probability": 0.99853515625 }, { "start": 2466.57, "end": 2466.69, "word": " they", "probability": 0.99951171875 } ] }, { "start": 2466.69, "end": 2466.83, "text": "kind", "speaker_id": "Speaker 1", "words": [ { "start": 2466.69, "end": 2466.83, "word": " kind", "probability": 0.99853515625 } ] }, { "start": 2466.83, "end": 2468.83, "text": "of use the same blueprint, right? Right. Like they", "speaker_id": "Speaker 2", "words": [ { "start": 2466.83, "end": 2466.87, "word": " of", "probability": 1.0 }, { "start": 2466.87, "end": 2467.07, "word": " use", "probability": 1.0 }, { "start": 2467.07, "end": 2467.21, "word": " the", "probability": 1.0 }, { "start": 2467.21, "end": 2467.43, "word": " same", "probability": 1.0 }, { "start": 2467.43, "end": 2467.89, "word": " blueprint,", "probability": 1.0 }, { "start": 2468.35, "end": 2468.39, "word": " right?", "probability": 1.0 }, { "start": 2468.39, "end": 2468.49, "word": " Right.", "probability": 0.3271484375 }, { "start": 2468.57, "end": 2468.73, "word": " Like", "probability": 0.9091796875 }, { "start": 2468.73, "end": 2468.83, "word": " they", "probability": 0.95556640625 } ] }, { "start": 2468.83, "end": 2469.05, "text": "kind", "speaker_id": "Speaker 1", "words": [ { "start": 2468.83, "end": 2469.05, "word": " kind", "probability": 0.99853515625 } ] }, { "start": 2469.05, "end": 2473.51, "text": "of like like take on debt, fire some people, squeeze the hell out of the rest of them that", "speaker_id": "Speaker 2", "words": [ { "start": 2469.05, "end": 2469.17, "word": " of", "probability": 1.0 }, { "start": 2469.17, "end": 2469.41, "word": " like", "probability": 0.8740234375 }, { "start": 2469.41, "end": 2469.67, "word": " like", "probability": 0.2137451171875 }, { "start": 2469.67, "end": 2470.25, "word": " take", "probability": 0.998046875 }, { "start": 2470.25, "end": 2470.41, "word": " on", "probability": 1.0 }, { "start": 2470.41, "end": 2470.75, "word": " debt,", "probability": 0.99609375 }, { "start": 2471.11, "end": 2471.41, "word": " fire", "probability": 1.0 }, { "start": 2471.41, "end": 2471.67, "word": " some", "probability": 0.990234375 }, { "start": 2471.67, "end": 2472.05, "word": " people,", "probability": 1.0 }, { "start": 2472.25, "end": 2472.49, "word": " squeeze", "probability": 1.0 }, { "start": 2472.49, "end": 2472.63, "word": " the", "probability": 1.0 }, { "start": 2472.63, "end": 2472.75, "word": " hell", "probability": 0.994140625 }, { "start": 2472.75, "end": 2472.91, "word": " out", "probability": 1.0 }, { "start": 2472.91, "end": 2472.97, "word": " of", "probability": 1.0 }, { "start": 2472.97, "end": 2473.05, "word": " the", "probability": 0.99951171875 }, { "start": 2473.05, "end": 2473.23, "word": " rest", "probability": 0.986328125 }, { "start": 2473.23, "end": 2473.35, "word": " of", "probability": 0.88671875 }, { "start": 2473.35, "end": 2473.39, "word": " them", "probability": 0.8310546875 }, { "start": 2473.39, "end": 2473.51, "word": " that", "probability": 0.88525390625 } ] }, { "start": 2473.51, "end": 2477.71, "text": "are left. Because, I mean, I know some folks who work, you know, end up working for", "speaker_id": "Speaker 2", "words": [ { "start": 2473.51, "end": 2473.61, "word": " are", "probability": 0.9990234375 }, { "start": 2473.61, "end": 2473.99, "word": " left.", "probability": 1.0 }, { "start": 2474.01, "end": 2474.33, "word": " Because,", "probability": 0.99560546875 }, { "start": 2474.49, "end": 2474.55, "word": " I", "probability": 1.0 }, { "start": 2474.55, "end": 2474.61, "word": " mean,", "probability": 0.99951171875 }, { "start": 2474.67, "end": 2474.75, "word": " I", "probability": 1.0 }, { "start": 2474.75, "end": 2474.87, "word": " know", "probability": 1.0 }, { "start": 2474.87, "end": 2475.07, "word": " some", "probability": 1.0 }, { "start": 2475.07, "end": 2475.41, "word": " folks", "probability": 1.0 }, { "start": 2475.41, "end": 2475.55, "word": " who", "probability": 1.0 }, { "start": 2475.55, "end": 2475.85, "word": " work,", "probability": 0.98291015625 }, { "start": 2476.19, "end": 2476.59, "word": " you", "probability": 0.9990234375 }, { "start": 2476.59, "end": 2476.67, "word": " know,", "probability": 1.0 }, { "start": 2476.81, "end": 2476.95, "word": " end", "probability": 0.99951171875 }, { "start": 2476.95, "end": 2477.09, "word": " up", "probability": 1.0 }, { "start": 2477.09, "end": 2477.43, "word": " working", "probability": 1.0 }, { "start": 2477.43, "end": 2477.71, "word": " for", "probability": 1.0 } ] }, { "start": 2477.71, "end": 2480.99, "text": "something that's been acquired by private equity. And like it's impossible. You know, the", "speaker_id": "Speaker 2", "words": [ { "start": 2477.71, "end": 2477.95, "word": " something", "probability": 1.0 }, { "start": 2477.95, "end": 2478.13, "word": " that's", "probability": 1.0 }, { "start": 2478.13, "end": 2478.21, "word": " been", "probability": 0.99951171875 }, { "start": 2478.21, "end": 2478.49, "word": " acquired", "probability": 1.0 }, { "start": 2478.49, "end": 2478.65, "word": " by", "probability": 1.0 }, { "start": 2478.65, "end": 2478.91, "word": " private", "probability": 0.9990234375 }, { "start": 2478.91, "end": 2479.23, "word": " equity.", "probability": 1.0 }, { "start": 2479.29, "end": 2479.41, "word": " And", "probability": 0.99853515625 }, { "start": 2479.41, "end": 2479.57, "word": " like", "probability": 0.96533203125 }, { "start": 2479.57, "end": 2480.13, "word": " it's", "probability": 0.779052734375 }, { "start": 2480.13, "end": 2480.59, "word": " impossible.", "probability": 1.0 }, { "start": 2480.79, "end": 2480.87, "word": " You", "probability": 0.994140625 }, { "start": 2480.87, "end": 2480.89, "word": " know,", "probability": 1.0 }, { "start": 2480.93, "end": 2480.99, "word": " the", "probability": 1.0 } ] }, { "start": 2480.99, "end": 2484.07, "text": "quotas are so much harder. They're running. They feel like they're running on a treadmill.", "speaker_id": "Speaker 2", "words": [ { "start": 2480.99, "end": 2481.35, "word": " quotas", "probability": 0.99951171875 }, { "start": 2481.35, "end": 2481.45, "word": " are", "probability": 1.0 }, { "start": 2481.45, "end": 2481.61, "word": " so", "probability": 1.0 }, { "start": 2481.61, "end": 2481.77, "word": " much", "probability": 1.0 }, { "start": 2481.77, "end": 2482.09, "word": " harder.", "probability": 1.0 }, { "start": 2482.31, "end": 2482.45, "word": " They're", "probability": 0.99951171875 }, { "start": 2482.45, "end": 2482.75, "word": " running.", "probability": 1.0 }, { "start": 2482.93, "end": 2483.21, "word": " They", "probability": 0.99755859375 }, { "start": 2483.21, "end": 2483.33, "word": " feel", "probability": 0.9990234375 }, { "start": 2483.33, "end": 2483.41, "word": " like", "probability": 1.0 }, { "start": 2483.41, "end": 2483.53, "word": " they're", "probability": 1.0 }, { "start": 2483.53, "end": 2483.65, "word": " running", "probability": 0.99951171875 }, { "start": 2483.65, "end": 2483.75, "word": " on", "probability": 1.0 }, { "start": 2483.75, "end": 2483.83, "word": " a", "probability": 1.0 }, { "start": 2483.83, "end": 2484.07, "word": " treadmill.", "probability": 1.0 } ] }, { "start": 2484.31, "end": 2488.41, "text": "Yeah, because all the incentive is basically the next few years. It's not about how do we", "speaker_id": "Speaker 1", "words": [ { "start": 2484.31, "end": 2484.47, "word": " Yeah,", "probability": 0.9951171875 }, { "start": 2484.55, "end": 2484.65, "word": " because", "probability": 1.0 }, { "start": 2484.65, "end": 2484.77, "word": " all", "probability": 1.0 }, { "start": 2484.77, "end": 2484.87, "word": " the", "probability": 1.0 }, { "start": 2484.87, "end": 2485.23, "word": " incentive", "probability": 1.0 }, { "start": 2485.23, "end": 2485.53, "word": " is", "probability": 1.0 }, { "start": 2485.53, "end": 2485.97, "word": " basically", "probability": 1.0 }, { "start": 2485.97, "end": 2486.17, "word": " the", "probability": 1.0 }, { "start": 2486.17, "end": 2486.31, "word": " next", "probability": 1.0 }, { "start": 2486.31, "end": 2486.47, "word": " few", "probability": 1.0 }, { "start": 2486.47, "end": 2486.79, "word": " years.", "probability": 1.0 }, { "start": 2486.97, "end": 2487.33, "word": " It's", "probability": 1.0 }, { "start": 2487.33, "end": 2487.51, "word": " not", "probability": 1.0 }, { "start": 2487.51, "end": 2487.93, "word": " about", "probability": 1.0 }, { "start": 2487.93, "end": 2488.23, "word": " how", "probability": 1.0 }, { "start": 2488.23, "end": 2488.35, "word": " do", "probability": 0.853515625 }, { "start": 2488.35, "end": 2488.41, "word": " we", "probability": 1.0 } ] }, { "start": 2488.41, "end": 2494.05, "text": "build a foundation 10 years out? And so but with a permanent capital vehicle, with the most", "speaker_id": "Speaker 1", "words": [ { "start": 2488.41, "end": 2488.61, "word": " build", "probability": 1.0 }, { "start": 2488.61, "end": 2488.73, "word": " a", "probability": 1.0 }, { "start": 2488.73, "end": 2489.21, "word": " foundation", "probability": 1.0 }, { "start": 2489.21, "end": 2489.57, "word": " 10", "probability": 0.9833984375 }, { "start": 2489.57, "end": 2489.77, "word": " years", "probability": 1.0 }, { "start": 2489.77, "end": 2489.99, "word": " out?", "probability": 0.99951171875 }, { "start": 2491.01, "end": 2491.39, "word": " And", "probability": 0.99658203125 }, { "start": 2491.39, "end": 2491.59, "word": " so", "probability": 1.0 }, { "start": 2491.59, "end": 2491.79, "word": " but", "probability": 0.9697265625 }, { "start": 2491.79, "end": 2491.97, "word": " with", "probability": 1.0 }, { "start": 2491.97, "end": 2492.25, "word": " a", "probability": 1.0 }, { "start": 2492.25, "end": 2492.57, "word": " permanent", "probability": 1.0 }, { "start": 2492.57, "end": 2492.93, "word": " capital", "probability": 1.0 }, { "start": 2492.93, "end": 2493.29, "word": " vehicle,", "probability": 1.0 }, { "start": 2493.49, "end": 2493.59, "word": " with", "probability": 1.0 }, { "start": 2493.59, "end": 2493.85, "word": " the", "probability": 0.83447265625 }, { "start": 2493.85, "end": 2494.05, "word": " most", "probability": 1.0 } ] }, { "start": 2494.05, "end": 2499.59, "text": "with the most famous example being Berkshire Hathaway. They buy companies and they just", "speaker_id": "Speaker 1", "words": [ { "start": 2494.05, "end": 2494.41, "word": " with", "probability": 0.33349609375 }, { "start": 2494.41, "end": 2494.59, "word": " the", "probability": 1.0 }, { "start": 2494.59, "end": 2494.75, "word": " most", "probability": 0.99951171875 }, { "start": 2494.75, "end": 2494.99, "word": " famous", "probability": 1.0 }, { "start": 2494.99, "end": 2495.39, "word": " example", "probability": 1.0 }, { "start": 2495.39, "end": 2495.67, "word": " being", "probability": 0.98291015625 }, { "start": 2495.67, "end": 2496.11, "word": " Berkshire", "probability": 0.9993489583333334 }, { "start": 2496.11, "end": 2496.49, "word": " Hathaway.", "probability": 0.9998372395833334 }, { "start": 2496.93, "end": 2497.21, "word": " They", "probability": 0.91796875 }, { "start": 2497.21, "end": 2498.05, "word": " buy", "probability": 0.74462890625 }, { "start": 2498.05, "end": 2498.61, "word": " companies", "probability": 1.0 }, { "start": 2498.61, "end": 2499.17, "word": " and", "probability": 0.67578125 }, { "start": 2499.17, "end": 2499.37, "word": " they", "probability": 1.0 }, { "start": 2499.37, "end": 2499.59, "word": " just", "probability": 1.0 } ] }, { "start": 2499.59, "end": 2504.11, "text": "hold them for decades. And so the incentive structure, obviously, they want that company to", "speaker_id": "Speaker 1", "words": [ { "start": 2499.59, "end": 2499.95, "word": " hold", "probability": 1.0 }, { "start": 2499.95, "end": 2500.07, "word": " them", "probability": 1.0 }, { "start": 2500.07, "end": 2500.23, "word": " for", "probability": 1.0 }, { "start": 2500.23, "end": 2500.59, "word": " decades.", "probability": 1.0 }, { "start": 2500.81, "end": 2501.15, "word": " And", "probability": 0.833984375 }, { "start": 2501.15, "end": 2501.27, "word": " so", "probability": 1.0 }, { "start": 2501.27, "end": 2501.39, "word": " the", "probability": 0.970703125 }, { "start": 2501.39, "end": 2501.75, "word": " incentive", "probability": 0.99951171875 }, { "start": 2501.75, "end": 2502.17, "word": " structure,", "probability": 1.0 }, { "start": 2502.33, "end": 2502.53, "word": " obviously,", "probability": 0.9990234375 }, { "start": 2502.59, "end": 2502.69, "word": " they", "probability": 1.0 }, { "start": 2502.69, "end": 2502.87, "word": " want", "probability": 1.0 }, { "start": 2502.87, "end": 2503.69, "word": " that", "probability": 0.99853515625 }, { "start": 2503.69, "end": 2503.99, "word": " company", "probability": 0.99755859375 }, { "start": 2503.99, "end": 2504.11, "word": " to", "probability": 1.0 } ] }, { "start": 2504.11, "end": 2509.91, "text": "be successful, competitive, to trim areas that need to be trimming and to do well. But it's", "speaker_id": "Speaker 1", "words": [ { "start": 2504.11, "end": 2504.23, "word": " be", "probability": 1.0 }, { "start": 2504.23, "end": 2504.79, "word": " successful,", "probability": 0.9990234375 }, { "start": 2504.99, "end": 2505.39, "word": " competitive,", "probability": 1.0 }, { "start": 2505.67, "end": 2507.01, "word": " to", "probability": 0.90771484375 }, { "start": 2507.01, "end": 2507.45, "word": " trim", "probability": 0.99951171875 }, { "start": 2507.45, "end": 2507.81, "word": " areas", "probability": 0.99853515625 }, { "start": 2507.81, "end": 2507.95, "word": " that", "probability": 0.9765625 }, { "start": 2507.95, "end": 2508.05, "word": " need", "probability": 1.0 }, { "start": 2508.05, "end": 2508.13, "word": " to", "probability": 1.0 }, { "start": 2508.13, "end": 2508.21, "word": " be", "probability": 1.0 }, { "start": 2508.21, "end": 2508.49, "word": " trimming", "probability": 1.0 }, { "start": 2508.49, "end": 2508.71, "word": " and", "probability": 0.99951171875 }, { "start": 2508.71, "end": 2508.81, "word": " to", "probability": 1.0 }, { "start": 2508.81, "end": 2508.97, "word": " do", "probability": 1.0 }, { "start": 2508.97, "end": 2509.29, "word": " well.", "probability": 1.0 }, { "start": 2509.43, "end": 2509.75, "word": " But", "probability": 0.99951171875 }, { "start": 2509.75, "end": 2509.91, "word": " it's", "probability": 0.999755859375 } ] }, { "start": 2509.91, "end": 2515.95, "text": "all incentivized toward being an indefinite holder that wants the decades of cash flows and", "speaker_id": "Speaker 1", "words": [ { "start": 2509.91, "end": 2510.23, "word": " all", "probability": 1.0 }, { "start": 2510.23, "end": 2511.07, "word": " incentivized", "probability": 0.999755859375 }, { "start": 2511.07, "end": 2511.49, "word": " toward", "probability": 0.99951171875 }, { "start": 2511.49, "end": 2512.43, "word": " being", "probability": 1.0 }, { "start": 2512.43, "end": 2512.57, "word": " an", "probability": 0.9912109375 }, { "start": 2512.57, "end": 2512.93, "word": " indefinite", "probability": 0.9957682291666666 }, { "start": 2512.93, "end": 2513.29, "word": " holder", "probability": 0.99560546875 }, { "start": 2513.29, "end": 2513.53, "word": " that", "probability": 0.99951171875 }, { "start": 2513.53, "end": 2513.89, "word": " wants", "probability": 1.0 }, { "start": 2513.89, "end": 2514.17, "word": " the", "probability": 0.99951171875 }, { "start": 2514.17, "end": 2514.85, "word": " decades", "probability": 1.0 }, { "start": 2514.85, "end": 2515.07, "word": " of", "probability": 1.0 }, { "start": 2515.07, "end": 2515.57, "word": " cash", "probability": 1.0 }, { "start": 2515.57, "end": 2515.77, "word": " flows", "probability": 0.9970703125 }, { "start": 2515.77, "end": 2515.95, "word": " and", "probability": 1.0 } ] }, { "start": 2515.95, "end": 2521.07, "text": "growth from that company, not short -term maximization. So Orange Juice is a permanent", "speaker_id": "Speaker 1", "words": [ { "start": 2515.95, "end": 2516.23, "word": " growth", "probability": 1.0 }, { "start": 2516.23, "end": 2516.41, "word": " from", "probability": 1.0 }, { "start": 2516.41, "end": 2516.55, "word": " that", "probability": 1.0 }, { "start": 2516.55, "end": 2516.95, "word": " company,", "probability": 1.0 }, { "start": 2517.11, "end": 2517.51, "word": " not", "probability": 1.0 }, { "start": 2517.51, "end": 2517.79, "word": " short", "probability": 1.0 }, { "start": 2517.79, "end": 2518.07, "word": "-term", "probability": 0.946533203125 }, { "start": 2518.07, "end": 2518.85, "word": " maximization.", "probability": 0.999755859375 }, { "start": 2519.17, "end": 2519.45, "word": " So", "probability": 0.99658203125 }, { "start": 2519.45, "end": 2519.87, "word": " Orange", "probability": 0.9365234375 }, { "start": 2519.87, "end": 2520.11, "word": " Juice", "probability": 0.99560546875 }, { "start": 2520.11, "end": 2520.57, "word": " is", "probability": 1.0 }, { "start": 2520.57, "end": 2520.77, "word": " a", "probability": 1.0 }, { "start": 2520.77, "end": 2521.07, "word": " permanent", "probability": 1.0 } ] }, { "start": 2521.07, "end": 2525.71, "text": "capital company that seeks to buy companies and then hold them indefinitely. So decisions", "speaker_id": "Speaker 1", "words": [ { "start": 2521.07, "end": 2521.39, "word": " capital", "probability": 0.99951171875 }, { "start": 2521.39, "end": 2521.71, "word": " company", "probability": 1.0 }, { "start": 2521.71, "end": 2521.83, "word": " that", "probability": 0.99951171875 }, { "start": 2521.83, "end": 2522.03, "word": " seeks", "probability": 1.0 }, { "start": 2522.03, "end": 2522.17, "word": " to", "probability": 1.0 }, { "start": 2522.17, "end": 2522.41, "word": " buy", "probability": 1.0 }, { "start": 2522.41, "end": 2522.97, "word": " companies", "probability": 1.0 }, { "start": 2522.97, "end": 2523.59, "word": " and", "probability": 0.9990234375 }, { "start": 2523.59, "end": 2523.69, "word": " then", "probability": 1.0 }, { "start": 2523.69, "end": 2523.95, "word": " hold", "probability": 1.0 }, { "start": 2523.95, "end": 2524.07, "word": " them", "probability": 1.0 }, { "start": 2524.07, "end": 2524.59, "word": " indefinitely.", "probability": 1.0 }, { "start": 2524.59, "end": 2525.03, "word": " So", "probability": 0.92333984375 }, { "start": 2525.03, "end": 2525.71, "word": " decisions", "probability": 0.921875 } ] }, { "start": 2525.71, "end": 2530.71, "text": "are geared toward that longer term rather than how can we maximize profit three years out.", "speaker_id": "Speaker 1", "words": [ { "start": 2525.71, "end": 2525.99, "word": " are", "probability": 1.0 }, { "start": 2525.99, "end": 2526.27, "word": " geared", "probability": 1.0 }, { "start": 2526.27, "end": 2526.59, "word": " toward", "probability": 0.99853515625 }, { "start": 2526.59, "end": 2526.83, "word": " that", "probability": 1.0 }, { "start": 2526.83, "end": 2527.17, "word": " longer", "probability": 1.0 }, { "start": 2527.17, "end": 2527.63, "word": " term", "probability": 0.96435546875 }, { "start": 2527.63, "end": 2528.01, "word": " rather", "probability": 0.96630859375 }, { "start": 2528.01, "end": 2528.37, "word": " than", "probability": 1.0 }, { "start": 2528.37, "end": 2528.91, "word": " how", "probability": 0.9765625 }, { "start": 2528.91, "end": 2529.01, "word": " can", "probability": 0.9755859375 }, { "start": 2529.01, "end": 2529.07, "word": " we", "probability": 0.99755859375 }, { "start": 2529.07, "end": 2529.45, "word": " maximize", "probability": 0.9990234375 }, { "start": 2529.45, "end": 2529.93, "word": " profit", "probability": 1.0 }, { "start": 2529.93, "end": 2530.15, "word": " three", "probability": 0.99609375 }, { "start": 2530.15, "end": 2530.39, "word": " years", "probability": 1.0 }, { "start": 2530.39, "end": 2530.71, "word": " out.", "probability": 1.0 } ] }, { "start": 2531.07, "end": 2534.91, "text": "And then permanent capital companies in general, because they're not just flipping in near", "speaker_id": "Speaker 1", "words": [ { "start": 2531.07, "end": 2531.47, "word": " And", "probability": 0.99609375 }, { "start": 2531.47, "end": 2531.67, "word": " then", "probability": 1.0 }, { "start": 2531.67, "end": 2532.05, "word": " permanent", "probability": 0.998046875 }, { "start": 2532.05, "end": 2532.39, "word": " capital", "probability": 0.99951171875 }, { "start": 2532.39, "end": 2532.75, "word": " companies", "probability": 1.0 }, { "start": 2532.75, "end": 2532.91, "word": " in", "probability": 0.99462890625 }, { "start": 2532.91, "end": 2533.23, "word": " general,", "probability": 1.0 }, { "start": 2533.35, "end": 2533.53, "word": " because", "probability": 1.0 }, { "start": 2533.53, "end": 2533.69, "word": " they're", "probability": 0.999755859375 }, { "start": 2533.69, "end": 2533.81, "word": " not", "probability": 1.0 }, { "start": 2533.81, "end": 2534.01, "word": " just", "probability": 1.0 }, { "start": 2534.01, "end": 2534.33, "word": " flipping", "probability": 1.0 }, { "start": 2534.33, "end": 2534.71, "word": " in", "probability": 0.67578125 }, { "start": 2534.71, "end": 2534.91, "word": " near", "probability": 0.96728515625 } ] }, { "start": 2534.91, "end": 2539.27, "text": "-term optimizing thing, they need a kicker that kind of makes that long -term strategy work", "speaker_id": "Speaker 1", "words": [ { "start": 2534.91, "end": 2535.07, "word": "-term", "probability": 0.8642578125 }, { "start": 2535.07, "end": 2535.45, "word": " optimizing", "probability": 0.98046875 }, { "start": 2535.45, "end": 2535.75, "word": " thing,", "probability": 0.69384765625 }, { "start": 2535.95, "end": 2536.19, "word": " they", "probability": 1.0 }, { "start": 2536.19, "end": 2536.33, "word": " need", "probability": 1.0 }, { "start": 2536.33, "end": 2536.45, "word": " a", "probability": 1.0 }, { "start": 2536.45, "end": 2536.81, "word": " kicker", "probability": 0.999755859375 }, { "start": 2536.81, "end": 2537.31, "word": " that", "probability": 0.98779296875 }, { "start": 2537.31, "end": 2537.57, "word": " kind", "probability": 0.92626953125 }, { "start": 2537.57, "end": 2537.67, "word": " of", "probability": 1.0 }, { "start": 2537.67, "end": 2537.87, "word": " makes", "probability": 1.0 }, { "start": 2537.87, "end": 2538.05, "word": " that", "probability": 1.0 }, { "start": 2538.05, "end": 2538.33, "word": " long", "probability": 1.0 }, { "start": 2538.33, "end": 2538.49, "word": "-term", "probability": 0.989013671875 }, { "start": 2538.49, "end": 2538.93, "word": " strategy", "probability": 1.0 }, { "start": 2538.93, "end": 2539.27, "word": " work", "probability": 1.0 } ] }, { "start": 2539.27, "end": 2544.41, "text": "well. For Berkshire Hathaway, it's insurance. Berkshire Hathaway base has the lowest cost", "speaker_id": "Speaker 1", "words": [ { "start": 2539.27, "end": 2539.53, "word": " well.", "probability": 0.9970703125 }, { "start": 2539.67, "end": 2539.77, "word": " For", "probability": 0.99951171875 }, { "start": 2539.77, "end": 2540.19, "word": " Berkshire", "probability": 0.9993489583333334 }, { "start": 2540.19, "end": 2540.61, "word": " Hathaway,", "probability": 0.9991861979166666 }, { "start": 2540.77, "end": 2540.83, "word": " it's", "probability": 0.999755859375 }, { "start": 2540.83, "end": 2541.31, "word": " insurance.", "probability": 1.0 }, { "start": 2541.69, "end": 2542.25, "word": " Berkshire", "probability": 0.99609375 }, { "start": 2542.25, "end": 2542.49, "word": " Hathaway", "probability": 1.0 }, { "start": 2542.49, "end": 2542.65, "word": " base", "probability": 0.30810546875 }, { "start": 2542.65, "end": 2542.79, "word": " has", "probability": 0.98486328125 }, { "start": 2542.79, "end": 2542.93, "word": " the", "probability": 1.0 }, { "start": 2542.93, "end": 2543.39, "word": " lowest", "probability": 1.0 }, { "start": 2543.39, "end": 2544.41, "word": " cost", "probability": 1.0 } ] }, { "start": 2544.41, "end": 2549.69, "text": "of capital in the world, more or less, the most stable source of capital. So that gives", "speaker_id": "Speaker 1", "words": [ { "start": 2544.41, "end": 2544.55, "word": " of", "probability": 0.99853515625 }, { "start": 2544.55, "end": 2544.89, "word": " capital", "probability": 1.0 }, { "start": 2544.89, "end": 2545.03, "word": " in", "probability": 1.0 }, { "start": 2545.03, "end": 2545.13, "word": " the", "probability": 1.0 }, { "start": 2545.13, "end": 2545.39, "word": " world,", "probability": 1.0 }, { "start": 2545.43, "end": 2545.57, "word": " more", "probability": 0.9990234375 }, { "start": 2545.57, "end": 2545.69, "word": " or", "probability": 0.99951171875 }, { "start": 2545.69, "end": 2545.99, "word": " less,", "probability": 1.0 }, { "start": 2546.19, "end": 2546.81, "word": " the", "probability": 0.9990234375 }, { "start": 2546.81, "end": 2546.99, "word": " most", "probability": 1.0 }, { "start": 2546.99, "end": 2547.31, "word": " stable", "probability": 1.0 }, { "start": 2547.31, "end": 2547.59, "word": " source", "probability": 1.0 }, { "start": 2547.59, "end": 2547.71, "word": " of", "probability": 1.0 }, { "start": 2547.71, "end": 2548.11, "word": " capital.", "probability": 1.0 }, { "start": 2548.29, "end": 2548.81, "word": " So", "probability": 0.998046875 }, { "start": 2548.81, "end": 2549.27, "word": " that", "probability": 0.99951171875 }, { "start": 2549.27, "end": 2549.69, "word": " gives", "probability": 0.99951171875 } ] }, { "start": 2549.69, "end": 2556.11, "text": "them a huge disadvantage. manage. For people that are bullish on Bitcoin, having Bitcoin on", "speaker_id": "Speaker 1", "words": [ { "start": 2549.69, "end": 2549.81, "word": " them", "probability": 1.0 }, { "start": 2549.81, "end": 2549.95, "word": " a", "probability": 1.0 }, { "start": 2549.95, "end": 2550.41, "word": " huge", "probability": 1.0 }, { "start": 2550.41, "end": 2550.93, "word": " disadvantage.", "probability": 0.30126953125 }, { "start": 2550.93, "end": 2551.27, "word": " manage.", "probability": 0.1531982421875 }, { "start": 2552.03, "end": 2552.61, "word": " For", "probability": 0.943359375 }, { "start": 2552.61, "end": 2552.89, "word": " people", "probability": 0.99951171875 }, { "start": 2552.89, "end": 2553.03, "word": " that", "probability": 0.9853515625 }, { "start": 2553.03, "end": 2553.11, "word": " are", "probability": 0.9990234375 }, { "start": 2553.11, "end": 2553.41, "word": " bullish", "probability": 0.998046875 }, { "start": 2553.41, "end": 2553.59, "word": " on", "probability": 0.9990234375 }, { "start": 2553.59, "end": 2553.91, "word": " Bitcoin,", "probability": 0.96923828125 }, { "start": 2554.29, "end": 2555.21, "word": " having", "probability": 0.99560546875 }, { "start": 2555.21, "end": 2555.95, "word": " Bitcoin", "probability": 0.99658203125 }, { "start": 2555.95, "end": 2556.11, "word": " on", "probability": 0.9990234375 } ] }, { "start": 2556.11, "end": 2561.59, "text": "the balance sheet can be rocket fuel as long as you manage it appropriately. And it helps", "speaker_id": "Speaker 1", "words": [ { "start": 2556.11, "end": 2556.21, "word": " the", "probability": 0.9990234375 }, { "start": 2556.21, "end": 2556.51, "word": " balance", "probability": 0.9990234375 }, { "start": 2556.51, "end": 2556.75, "word": " sheet", "probability": 0.99853515625 }, { "start": 2556.75, "end": 2556.95, "word": " can", "probability": 0.998046875 }, { "start": 2556.95, "end": 2557.11, "word": " be", "probability": 0.9990234375 }, { "start": 2557.11, "end": 2557.43, "word": " rocket", "probability": 0.99853515625 }, { "start": 2557.43, "end": 2557.81, "word": " fuel", "probability": 0.99853515625 }, { "start": 2557.81, "end": 2558.73, "word": " as", "probability": 0.62890625 }, { "start": 2558.73, "end": 2558.87, "word": " long", "probability": 0.99951171875 }, { "start": 2558.87, "end": 2558.99, "word": " as", "probability": 0.998046875 }, { "start": 2558.99, "end": 2559.07, "word": " you", "probability": 0.99853515625 }, { "start": 2559.07, "end": 2559.35, "word": " manage", "probability": 0.9990234375 }, { "start": 2559.35, "end": 2559.47, "word": " it", "probability": 0.99951171875 }, { "start": 2559.47, "end": 2560.03, "word": " appropriately.", "probability": 0.998046875 }, { "start": 2560.69, "end": 2561.27, "word": " And", "probability": 0.8681640625 }, { "start": 2561.27, "end": 2561.39, "word": " it", "probability": 0.9990234375 }, { "start": 2561.39, "end": 2561.59, "word": " helps", "probability": 0.99951171875 } ] }, { "start": 2561.59, "end": 2567.51, "text": "you build up a kind of a fortress of assets that are volatile, but can't be debased.", "speaker_id": "Speaker 1", "words": [ { "start": 2561.59, "end": 2561.69, "word": " you", "probability": 0.99658203125 }, { "start": 2561.69, "end": 2562.01, "word": " build", "probability": 0.99951171875 }, { "start": 2562.01, "end": 2562.19, "word": " up", "probability": 0.99755859375 }, { "start": 2562.19, "end": 2562.41, "word": " a", "probability": 0.82568359375 }, { "start": 2562.41, "end": 2562.99, "word": " kind", "probability": 0.599609375 }, { "start": 2562.99, "end": 2563.11, "word": " of", "probability": 1.0 }, { "start": 2563.11, "end": 2563.21, "word": " a", "probability": 0.98486328125 }, { "start": 2563.21, "end": 2563.61, "word": " fortress", "probability": 1.0 }, { "start": 2563.61, "end": 2563.87, "word": " of", "probability": 1.0 }, { "start": 2563.87, "end": 2564.33, "word": " assets", "probability": 0.99951171875 }, { "start": 2564.33, "end": 2565.11, "word": " that", "probability": 0.99951171875 }, { "start": 2565.11, "end": 2565.67, "word": " are", "probability": 0.99951171875 }, { "start": 2565.67, "end": 2566.11, "word": " volatile,", "probability": 0.99951171875 }, { "start": 2566.11, "end": 2566.47, "word": " but", "probability": 1.0 }, { "start": 2566.47, "end": 2566.81, "word": " can't", "probability": 0.999755859375 }, { "start": 2566.81, "end": 2567.05, "word": " be", "probability": 1.0 }, { "start": 2567.05, "end": 2567.51, "word": " debased.", "probability": 0.999267578125 } ] }, { "start": 2568.55, "end": 2573.65, "text": "And so we've generally found that that synergy is interesting. And also there's a market of", "speaker_id": "Speaker 1", "words": [ { "start": 2568.55, "end": 2569.13, "word": " And", "probability": 0.99267578125 }, { "start": 2569.13, "end": 2569.45, "word": " so", "probability": 0.99609375 }, { "start": 2569.45, "end": 2569.83, "word": " we've", "probability": 0.963623046875 }, { "start": 2569.83, "end": 2569.99, "word": " generally", "probability": 0.90087890625 }, { "start": 2569.99, "end": 2570.23, "word": " found", "probability": 1.0 }, { "start": 2570.23, "end": 2570.37, "word": " that", "probability": 1.0 }, { "start": 2570.37, "end": 2570.53, "word": " that", "probability": 0.9814453125 }, { "start": 2570.53, "end": 2570.87, "word": " synergy", "probability": 0.99658203125 }, { "start": 2570.87, "end": 2571.03, "word": " is", "probability": 0.99755859375 }, { "start": 2571.03, "end": 2571.31, "word": " interesting.", "probability": 0.99951171875 }, { "start": 2571.45, "end": 2571.49, "word": " And", "probability": 0.998046875 }, { "start": 2571.49, "end": 2571.79, "word": " also", "probability": 0.99853515625 }, { "start": 2571.79, "end": 2572.69, "word": " there's", "probability": 0.8525390625 }, { "start": 2572.69, "end": 2572.77, "word": " a", "probability": 1.0 }, { "start": 2572.77, "end": 2573.15, "word": " market", "probability": 0.99951171875 }, { "start": 2573.15, "end": 2573.65, "word": " of", "probability": 1.0 } ] }, { "start": 2573.65, "end": 2580.61, "text": "just people that own businesses and like Bitcoin and they'd rather sell their company to", "speaker_id": "Speaker 1", "words": [ { "start": 2573.65, "end": 2574.35, "word": " just", "probability": 0.69189453125 }, { "start": 2574.35, "end": 2575.71, "word": " people", "probability": 0.9990234375 }, { "start": 2575.71, "end": 2575.93, "word": " that", "probability": 1.0 }, { "start": 2575.93, "end": 2576.17, "word": " own", "probability": 0.9990234375 }, { "start": 2576.17, "end": 2576.67, "word": " businesses", "probability": 0.9990234375 }, { "start": 2576.67, "end": 2576.89, "word": " and", "probability": 0.99169921875 }, { "start": 2576.89, "end": 2577.09, "word": " like", "probability": 0.99951171875 }, { "start": 2577.09, "end": 2577.49, "word": " Bitcoin", "probability": 0.99951171875 }, { "start": 2578.61, "end": 2579.05, "word": " and", "probability": 0.358642578125 }, { "start": 2579.05, "end": 2579.29, "word": " they'd", "probability": 1.0 }, { "start": 2579.29, "end": 2579.53, "word": " rather", "probability": 1.0 }, { "start": 2579.53, "end": 2579.85, "word": " sell", "probability": 1.0 }, { "start": 2579.85, "end": 2580.03, "word": " their", "probability": 1.0 }, { "start": 2580.03, "end": 2580.43, "word": " company", "probability": 1.0 }, { "start": 2580.43, "end": 2580.61, "word": " to", "probability": 0.9482421875 } ] }, { "start": 2580.61, "end": 2584.93, "text": "something with like you know for legacy in mind versus like something that'll flip it and", "speaker_id": "Speaker 1", "words": [ { "start": 2580.61, "end": 2580.91, "word": " something", "probability": 0.9990234375 }, { "start": 2580.91, "end": 2581.09, "word": " with", "probability": 0.30322265625 }, { "start": 2581.09, "end": 2581.35, "word": " like", "probability": 0.71435546875 }, { "start": 2581.35, "end": 2581.51, "word": " you", "probability": 0.1195068359375 }, { "start": 2581.51, "end": 2581.59, "word": " know", "probability": 0.99951171875 }, { "start": 2581.59, "end": 2581.77, "word": " for", "probability": 0.99267578125 }, { "start": 2581.77, "end": 2582.11, "word": " legacy", "probability": 0.99951171875 }, { "start": 2582.11, "end": 2582.35, "word": " in", "probability": 1.0 }, { "start": 2582.35, "end": 2582.63, "word": " mind", "probability": 0.99951171875 }, { "start": 2582.63, "end": 2583.77, "word": " versus", "probability": 0.9970703125 }, { "start": 2583.77, "end": 2584.03, "word": " like", "probability": 0.9990234375 }, { "start": 2584.03, "end": 2584.25, "word": " something", "probability": 1.0 }, { "start": 2584.25, "end": 2584.47, "word": " that'll", "probability": 0.9697265625 }, { "start": 2584.47, "end": 2584.71, "word": " flip", "probability": 0.99951171875 }, { "start": 2584.71, "end": 2584.85, "word": " it", "probability": 1.0 }, { "start": 2584.85, "end": 2584.93, "word": " and", "probability": 0.99560546875 } ] }, { "start": 2584.93, "end": 2588.85, "text": "rip it apart and then there's also a really big market of people that want to keep working", "speaker_id": "Speaker 1", "words": [ { "start": 2584.93, "end": 2585.09, "word": " rip", "probability": 0.99951171875 }, { "start": 2585.09, "end": 2585.17, "word": " it", "probability": 1.0 }, { "start": 2585.17, "end": 2585.47, "word": " apart", "probability": 1.0 }, { "start": 2585.47, "end": 2586.19, "word": " and", "probability": 0.96435546875 }, { "start": 2586.19, "end": 2586.29, "word": " then", "probability": 0.99951171875 }, { "start": 2586.29, "end": 2586.45, "word": " there's", "probability": 1.0 }, { "start": 2586.45, "end": 2586.65, "word": " also", "probability": 0.99853515625 }, { "start": 2586.65, "end": 2586.77, "word": " a", "probability": 0.98828125 }, { "start": 2586.77, "end": 2586.85, "word": " really", "probability": 0.99951171875 }, { "start": 2586.85, "end": 2587.01, "word": " big", "probability": 0.99951171875 }, { "start": 2587.01, "end": 2587.29, "word": " market", "probability": 1.0 }, { "start": 2587.29, "end": 2587.41, "word": " of", "probability": 1.0 }, { "start": 2587.41, "end": 2587.63, "word": " people", "probability": 1.0 }, { "start": 2587.63, "end": 2587.85, "word": " that", "probability": 1.0 }, { "start": 2587.85, "end": 2588.09, "word": " want", "probability": 0.99951171875 }, { "start": 2588.09, "end": 2588.23, "word": " to", "probability": 1.0 }, { "start": 2588.23, "end": 2588.47, "word": " keep", "probability": 1.0 }, { "start": 2588.47, "end": 2588.85, "word": " working", "probability": 1.0 } ] }, { "start": 2588.85, "end": 2593.85, "text": "for the business but for example you know they're they want more liquidity you know they", "speaker_id": "Speaker 1", "words": [ { "start": 2588.85, "end": 2589.11, "word": " for", "probability": 1.0 }, { "start": 2589.11, "end": 2589.25, "word": " the", "probability": 1.0 }, { "start": 2589.25, "end": 2589.71, "word": " business", "probability": 0.99951171875 }, { "start": 2589.71, "end": 2590.49, "word": " but", "probability": 0.99853515625 }, { "start": 2590.49, "end": 2590.69, "word": " for", "probability": 1.0 }, { "start": 2590.69, "end": 2591.09, "word": " example", "probability": 0.99951171875 }, { "start": 2591.09, "end": 2591.49, "word": " you", "probability": 0.998046875 }, { "start": 2591.49, "end": 2591.63, "word": " know", "probability": 1.0 }, { "start": 2591.63, "end": 2592.27, "word": " they're", "probability": 0.82958984375 }, { "start": 2592.27, "end": 2592.47, "word": " they", "probability": 1.0 }, { "start": 2592.47, "end": 2592.69, "word": " want", "probability": 1.0 }, { "start": 2592.69, "end": 2592.89, "word": " more", "probability": 1.0 }, { "start": 2592.89, "end": 2593.29, "word": " liquidity", "probability": 0.99951171875 }, { "start": 2593.29, "end": 2593.61, "word": " you", "probability": 0.9990234375 }, { "start": 2593.61, "end": 2593.67, "word": " know", "probability": 0.99951171875 }, { "start": 2593.67, "end": 2593.85, "word": " they", "probability": 1.0 } ] }, { "start": 2593.85, "end": 2598.45, "text": "might have be wealthy on paper but it's 95 percent in one business and they want to keep", "speaker_id": "Speaker 1", "words": [ { "start": 2593.85, "end": 2594.03, "word": " might", "probability": 1.0 }, { "start": 2594.03, "end": 2594.29, "word": " have", "probability": 0.998046875 }, { "start": 2594.29, "end": 2594.49, "word": " be", "probability": 0.966796875 }, { "start": 2594.49, "end": 2594.73, "word": " wealthy", "probability": 0.99951171875 }, { "start": 2594.73, "end": 2594.91, "word": " on", "probability": 1.0 }, { "start": 2594.91, "end": 2595.23, "word": " paper", "probability": 1.0 }, { "start": 2595.23, "end": 2595.45, "word": " but", "probability": 1.0 }, { "start": 2595.45, "end": 2595.63, "word": " it's", "probability": 1.0 }, { "start": 2595.63, "end": 2596.09, "word": " 95", "probability": 0.9970703125 }, { "start": 2596.09, "end": 2596.45, "word": " percent", "probability": 0.49951171875 }, { "start": 2596.45, "end": 2596.69, "word": " in", "probability": 1.0 }, { "start": 2596.69, "end": 2596.87, "word": " one", "probability": 1.0 }, { "start": 2596.87, "end": 2597.27, "word": " business", "probability": 0.9990234375 }, { "start": 2597.27, "end": 2597.89, "word": " and", "probability": 1.0 }, { "start": 2597.89, "end": 2598.01, "word": " they", "probability": 1.0 }, { "start": 2598.01, "end": 2598.21, "word": " want", "probability": 1.0 }, { "start": 2598.21, "end": 2598.31, "word": " to", "probability": 0.99951171875 }, { "start": 2598.31, "end": 2598.45, "word": " keep", "probability": 0.9990234375 } ] }, { "start": 2598.45, "end": 2604.95, "text": "working on the business but they also could use liquidity uh de -risking uh and or just", "speaker_id": "Speaker 1", "words": [ { "start": 2598.45, "end": 2598.71, "word": " working", "probability": 1.0 }, { "start": 2598.71, "end": 2598.79, "word": " on", "probability": 0.9990234375 }, { "start": 2598.79, "end": 2598.89, "word": " the", "probability": 0.9970703125 }, { "start": 2598.89, "end": 2599.15, "word": " business", "probability": 1.0 }, { "start": 2599.15, "end": 2599.37, "word": " but", "probability": 1.0 }, { "start": 2599.37, "end": 2599.47, "word": " they", "probability": 0.9990234375 }, { "start": 2599.47, "end": 2599.75, "word": " also", "probability": 0.99560546875 }, { "start": 2599.75, "end": 2600.35, "word": " could", "probability": 1.0 }, { "start": 2600.35, "end": 2600.55, "word": " use", "probability": 0.9990234375 }, { "start": 2600.55, "end": 2601.01, "word": " liquidity", "probability": 0.99609375 }, { "start": 2601.01, "end": 2601.79, "word": " uh", "probability": 0.92724609375 }, { "start": 2601.79, "end": 2602.31, "word": " de", "probability": 0.92236328125 }, { "start": 2602.31, "end": 2602.77, "word": "-risking", "probability": 0.9952799479166666 }, { "start": 2602.77, "end": 2603.57, "word": " uh", "probability": 0.990234375 }, { "start": 2603.57, "end": 2604.29, "word": " and", "probability": 0.99951171875 }, { "start": 2604.29, "end": 2604.77, "word": " or", "probability": 0.97802734375 }, { "start": 2604.77, "end": 2604.95, "word": " just", "probability": 0.99951171875 } ] }, { "start": 2604.95, "end": 2611.37, "text": "help with backend for example we hired a cto from nvidia uh uh you know our new cto is from", "speaker_id": "Speaker 1", "words": [ { "start": 2604.95, "end": 2605.17, "word": " help", "probability": 1.0 }, { "start": 2605.17, "end": 2605.31, "word": " with", "probability": 0.7529296875 }, { "start": 2605.31, "end": 2605.69, "word": " backend", "probability": 0.62353515625 }, { "start": 2605.69, "end": 2606.03, "word": " for", "probability": 0.142578125 }, { "start": 2606.03, "end": 2606.25, "word": " example", "probability": 0.9990234375 }, { "start": 2606.25, "end": 2606.43, "word": " we", "probability": 0.97412109375 }, { "start": 2606.43, "end": 2606.73, "word": " hired", "probability": 0.99853515625 }, { "start": 2606.73, "end": 2606.85, "word": " a", "probability": 0.9990234375 }, { "start": 2606.85, "end": 2607.27, "word": " cto", "probability": 0.771728515625 }, { "start": 2607.27, "end": 2607.67, "word": " from", "probability": 0.99951171875 }, { "start": 2607.67, "end": 2608.03, "word": " nvidia", "probability": 0.9912109375 }, { "start": 2608.03, "end": 2608.97, "word": " uh", "probability": 0.97021484375 }, { "start": 2608.97, "end": 2609.51, "word": " uh", "probability": 0.95068359375 }, { "start": 2609.51, "end": 2610.05, "word": " you", "probability": 0.9990234375 }, { "start": 2610.05, "end": 2610.13, "word": " know", "probability": 1.0 }, { "start": 2610.13, "end": 2610.55, "word": " our", "probability": 0.99951171875 }, { "start": 2610.55, "end": 2610.73, "word": " new", "probability": 0.998046875 }, { "start": 2610.73, "end": 2611.09, "word": " cto", "probability": 0.990966796875 }, { "start": 2611.09, "end": 2611.21, "word": " is", "probability": 0.99755859375 }, { "start": 2611.21, "end": 2611.37, "word": " from", "probability": 0.99951171875 } ] }, { "start": 2611.37, "end": 2616.09, "text": "nvidia and and so we can come in with to these companies that wouldn't really have", "speaker_id": "Speaker 1", "words": [ { "start": 2611.37, "end": 2611.71, "word": " nvidia", "probability": 0.994873046875 }, { "start": 2611.71, "end": 2612.05, "word": " and", "probability": 1.0 }, { "start": 2612.05, "end": 2612.27, "word": " and", "probability": 0.99951171875 }, { "start": 2612.27, "end": 2612.49, "word": " so", "probability": 0.99951171875 }, { "start": 2612.49, "end": 2612.71, "word": " we", "probability": 1.0 }, { "start": 2612.71, "end": 2612.99, "word": " can", "probability": 1.0 }, { "start": 2612.99, "end": 2613.59, "word": " come", "probability": 1.0 }, { "start": 2613.59, "end": 2613.85, "word": " in", "probability": 1.0 }, { "start": 2613.85, "end": 2614.25, "word": " with", "probability": 0.99658203125 }, { "start": 2614.25, "end": 2614.51, "word": " to", "probability": 0.99658203125 }, { "start": 2614.51, "end": 2614.67, "word": " these", "probability": 1.0 }, { "start": 2614.67, "end": 2615.03, "word": " companies", "probability": 1.0 }, { "start": 2615.03, "end": 2615.35, "word": " that", "probability": 1.0 }, { "start": 2615.35, "end": 2615.65, "word": " wouldn't", "probability": 1.0 }, { "start": 2615.65, "end": 2615.83, "word": " really", "probability": 0.99951171875 }, { "start": 2615.83, "end": 2616.09, "word": " have", "probability": 0.99951171875 } ] }, { "start": 2616.09, "end": 2618.03, "text": "necessarily the best ai advice in the world", "speaker_id": "Speaker 1", "words": [ { "start": 2616.09, "end": 2616.41, "word": " necessarily", "probability": 0.9912109375 }, { "start": 2616.41, "end": 2616.61, "word": " the", "probability": 0.99609375 }, { "start": 2616.61, "end": 2616.89, "word": " best", "probability": 0.99951171875 }, { "start": 2616.89, "end": 2617.19, "word": " ai", "probability": 0.9921875 }, { "start": 2617.19, "end": 2617.63, "word": " advice", "probability": 0.99951171875 }, { "start": 2617.63, "end": 2617.77, "word": " in", "probability": 1.0 }, { "start": 2617.77, "end": 2617.81, "word": " the", "probability": 0.99853515625 }, { "start": 2617.81, "end": 2618.03, "word": " world", "probability": 0.99609375 } ] }, { "start": 2618.03, "end": 2618.65, "text": "and", "speaker_id": "Speaker 2", "words": [ { "start": 2618.03, "end": 2618.65, "word": " and", "probability": 1.0 } ] }, { "start": 2618.65, "end": 2623.05, "text": "we can give them world -class ai advice not to come in and say okay we're going to fire all", "speaker_id": "Speaker 1", "words": [ { "start": 2618.65, "end": 2618.77, "word": " we", "probability": 1.0 }, { "start": 2618.77, "end": 2618.91, "word": " can", "probability": 0.99951171875 }, { "start": 2618.91, "end": 2619.15, "word": " give", "probability": 1.0 }, { "start": 2619.15, "end": 2619.31, "word": " them", "probability": 0.99560546875 }, { "start": 2619.31, "end": 2619.55, "word": " world", "probability": 0.9990234375 }, { "start": 2619.55, "end": 2619.89, "word": "-class", "probability": 0.978271484375 }, { "start": 2619.89, "end": 2620.21, "word": " ai", "probability": 0.99658203125 }, { "start": 2620.21, "end": 2620.79, "word": " advice", "probability": 0.99951171875 }, { "start": 2620.79, "end": 2621.39, "word": " not", "probability": 1.0 }, { "start": 2621.39, "end": 2621.55, "word": " to", "probability": 1.0 }, { "start": 2621.55, "end": 2621.77, "word": " come", "probability": 1.0 }, { "start": 2621.77, "end": 2621.89, "word": " in", "probability": 0.99951171875 }, { "start": 2621.89, "end": 2622.01, "word": " and", "probability": 0.99951171875 }, { "start": 2622.01, "end": 2622.15, "word": " say", "probability": 1.0 }, { "start": 2622.15, "end": 2622.33, "word": " okay", "probability": 0.9970703125 }, { "start": 2622.33, "end": 2622.57, "word": " we're", "probability": 1.0 }, { "start": 2622.57, "end": 2622.59, "word": " going", "probability": 0.8271484375 }, { "start": 2622.59, "end": 2622.65, "word": " to", "probability": 0.9931640625 }, { "start": 2622.65, "end": 2622.91, "word": " fire", "probability": 0.998046875 }, { "start": 2622.91, "end": 2623.05, "word": " all", "probability": 0.99951171875 } ] }, { "start": 2623.05, "end": 2627.21, "text": "your backend staff and and and just automate it but it's basically saying okay here's", "speaker_id": "Speaker 1", "words": [ { "start": 2623.05, "end": 2623.15, "word": " your", "probability": 0.9990234375 }, { "start": 2623.15, "end": 2623.45, "word": " backend", "probability": 0.5615234375 }, { "start": 2623.45, "end": 2623.81, "word": " staff", "probability": 0.99365234375 }, { "start": 2623.81, "end": 2624.09, "word": " and", "probability": 1.0 }, { "start": 2624.09, "end": 2624.37, "word": " and", "probability": 0.9990234375 }, { "start": 2624.37, "end": 2624.67, "word": " and", "probability": 0.6259765625 }, { "start": 2624.67, "end": 2624.79, "word": " just", "probability": 1.0 }, { "start": 2624.79, "end": 2625.13, "word": " automate", "probability": 0.99951171875 }, { "start": 2625.13, "end": 2625.37, "word": " it", "probability": 0.99951171875 }, { "start": 2625.37, "end": 2625.79, "word": " but", "probability": 1.0 }, { "start": 2625.79, "end": 2625.93, "word": " it's", "probability": 0.99951171875 }, { "start": 2625.93, "end": 2626.11, "word": " basically", "probability": 0.99951171875 }, { "start": 2626.11, "end": 2626.41, "word": " saying", "probability": 0.9990234375 }, { "start": 2626.41, "end": 2626.63, "word": " okay", "probability": 1.0 }, { "start": 2626.63, "end": 2627.21, "word": " here's", "probability": 1.0 } ] }, { "start": 2627.21, "end": 2633.33, "text": "here's how we can help uh so that and it's not again it's not geared toward three -year", "speaker_id": "Speaker 1", "words": [ { "start": 2627.21, "end": 2627.71, "word": " here's", "probability": 0.997802734375 }, { "start": 2627.71, "end": 2627.93, "word": " how", "probability": 1.0 }, { "start": 2627.93, "end": 2628.11, "word": " we", "probability": 1.0 }, { "start": 2628.11, "end": 2628.35, "word": " can", "probability": 0.99951171875 }, { "start": 2628.35, "end": 2628.97, "word": " help", "probability": 0.99951171875 }, { "start": 2628.97, "end": 2629.81, "word": " uh", "probability": 0.99755859375 }, { "start": 2629.81, "end": 2630.63, "word": " so", "probability": 1.0 }, { "start": 2630.63, "end": 2630.79, "word": " that", "probability": 0.71435546875 }, { "start": 2630.79, "end": 2631.11, "word": " and", "probability": 0.99560546875 }, { "start": 2631.11, "end": 2631.25, "word": " it's", "probability": 1.0 }, { "start": 2631.25, "end": 2631.45, "word": " not", "probability": 1.0 }, { "start": 2631.45, "end": 2631.69, "word": " again", "probability": 1.0 }, { "start": 2631.69, "end": 2631.89, "word": " it's", "probability": 1.0 }, { "start": 2631.89, "end": 2632.01, "word": " not", "probability": 0.99951171875 }, { "start": 2632.01, "end": 2632.27, "word": " geared", "probability": 1.0 }, { "start": 2632.27, "end": 2632.63, "word": " toward", "probability": 0.998046875 }, { "start": 2632.63, "end": 2633.15, "word": " three", "probability": 0.88134765625 }, { "start": 2633.15, "end": 2633.33, "word": "-year", "probability": 0.951904296875 } ] }, { "start": 2633.33, "end": 2637.99, "text": "outcome is saying, how can we make your competitive as streamlined as possible and reduce", "speaker_id": "Speaker 1", "words": [ { "start": 2633.33, "end": 2633.71, "word": " outcome", "probability": 0.99853515625 }, { "start": 2633.71, "end": 2633.89, "word": " is", "probability": 0.455322265625 }, { "start": 2633.89, "end": 2634.05, "word": " saying,", "probability": 0.99755859375 }, { "start": 2634.17, "end": 2634.21, "word": " how", "probability": 0.99853515625 }, { "start": 2634.21, "end": 2634.35, "word": " can", "probability": 1.0 }, { "start": 2634.35, "end": 2634.47, "word": " we", "probability": 1.0 }, { "start": 2634.47, "end": 2634.67, "word": " make", "probability": 1.0 }, { "start": 2634.67, "end": 2634.77, "word": " your", "probability": 0.95654296875 }, { "start": 2634.77, "end": 2635.21, "word": " competitive", "probability": 0.99658203125 }, { "start": 2635.21, "end": 2635.55, "word": " as", "probability": 0.99609375 }, { "start": 2635.55, "end": 2636.19, "word": " streamlined", "probability": 1.0 }, { "start": 2636.19, "end": 2636.51, "word": " as", "probability": 1.0 }, { "start": 2636.51, "end": 2636.95, "word": " possible", "probability": 1.0 }, { "start": 2636.95, "end": 2637.25, "word": " and", "probability": 0.9814453125 }, { "start": 2637.25, "end": 2637.99, "word": " reduce", "probability": 0.99951171875 } ] }, { "start": 2637.99, "end": 2642.35, "text": "the busy work as much as possible so that you can get back to treating animals or whatever,", "speaker_id": "Speaker 1", "words": [ { "start": 2637.99, "end": 2638.13, "word": " the", "probability": 1.0 }, { "start": 2638.13, "end": 2638.37, "word": " busy", "probability": 0.99853515625 }, { "start": 2638.37, "end": 2638.59, "word": " work", "probability": 0.9853515625 }, { "start": 2638.59, "end": 2638.75, "word": " as", "probability": 1.0 }, { "start": 2638.75, "end": 2638.93, "word": " much", "probability": 0.99951171875 }, { "start": 2638.93, "end": 2639.05, "word": " as", "probability": 1.0 }, { "start": 2639.05, "end": 2639.45, "word": " possible", "probability": 1.0 }, { "start": 2639.45, "end": 2639.65, "word": " so", "probability": 0.998046875 }, { "start": 2639.65, "end": 2639.75, "word": " that", "probability": 1.0 }, { "start": 2639.75, "end": 2639.83, "word": " you", "probability": 1.0 }, { "start": 2639.83, "end": 2639.97, "word": " can", "probability": 1.0 }, { "start": 2639.97, "end": 2640.17, "word": " get", "probability": 1.0 }, { "start": 2640.17, "end": 2640.93, "word": " back", "probability": 1.0 }, { "start": 2640.93, "end": 2641.15, "word": " to", "probability": 1.0 }, { "start": 2641.15, "end": 2641.49, "word": " treating", "probability": 1.0 }, { "start": 2641.49, "end": 2641.95, "word": " animals", "probability": 1.0 }, { "start": 2641.95, "end": 2642.13, "word": " or", "probability": 0.99755859375 }, { "start": 2642.13, "end": 2642.35, "word": " whatever,", "probability": 1.0 } ] }, { "start": 2642.35, "end": 2644.03, "text": "whatever the business might be, for example.", "speaker_id": "Speaker 1", "words": [ { "start": 2642.35, "end": 2642.65, "word": " whatever", "probability": 0.9970703125 }, { "start": 2642.65, "end": 2642.83, "word": " the", "probability": 1.0 }, { "start": 2642.83, "end": 2643.09, "word": " business", "probability": 1.0 }, { "start": 2643.09, "end": 2643.31, "word": " might", "probability": 1.0 }, { "start": 2643.31, "end": 2643.51, "word": " be,", "probability": 1.0 }, { "start": 2643.61, "end": 2643.69, "word": " for", "probability": 1.0 }, { "start": 2643.69, "end": 2644.03, "word": " example.", "probability": 1.0 } ] }, { "start": 2644.29, "end": 2648.05, "text": "Yeah. It's fascinating you said that because when I was reading about it, I was like, this", "speaker_id": "Speaker 2", "words": [ { "start": 2644.29, "end": 2644.59, "word": " Yeah.", "probability": 0.98583984375 }, { "start": 2644.73, "end": 2645.15, "word": " It's", "probability": 0.99951171875 }, { "start": 2645.15, "end": 2645.79, "word": " fascinating", "probability": 0.468505859375 }, { "start": 2645.79, "end": 2645.97, "word": " you", "probability": 0.77099609375 }, { "start": 2645.97, "end": 2646.13, "word": " said", "probability": 0.99951171875 }, { "start": 2646.13, "end": 2646.23, "word": " that", "probability": 1.0 }, { "start": 2646.23, "end": 2646.37, "word": " because", "probability": 0.88916015625 }, { "start": 2646.37, "end": 2646.51, "word": " when", "probability": 1.0 }, { "start": 2646.51, "end": 2646.57, "word": " I", "probability": 1.0 }, { "start": 2646.57, "end": 2646.67, "word": " was", "probability": 1.0 }, { "start": 2646.67, "end": 2647.05, "word": " reading", "probability": 1.0 }, { "start": 2647.05, "end": 2647.29, "word": " about", "probability": 1.0 }, { "start": 2647.29, "end": 2647.45, "word": " it,", "probability": 1.0 }, { "start": 2647.55, "end": 2647.55, "word": " I", "probability": 0.9912109375 }, { "start": 2647.55, "end": 2647.65, "word": " was", "probability": 1.0 }, { "start": 2647.65, "end": 2647.77, "word": " like,", "probability": 0.9990234375 }, { "start": 2647.93, "end": 2648.05, "word": " this", "probability": 0.99951171875 } ] }, { "start": 2648.05, "end": 2654.27, "text": "sounds like Berkshire Hathaway, but with a, with a different twist and maybe in an", "speaker_id": "Speaker 2", "words": [ { "start": 2648.05, "end": 2648.37, "word": " sounds", "probability": 1.0 }, { "start": 2648.37, "end": 2648.79, "word": " like", "probability": 0.99951171875 }, { "start": 2648.79, "end": 2649.85, "word": " Berkshire", "probability": 0.9982096354166666 }, { "start": 2649.85, "end": 2650.27, "word": " Hathaway,", "probability": 0.9998372395833334 }, { "start": 2650.59, "end": 2650.71, "word": " but", "probability": 0.99951171875 }, { "start": 2650.71, "end": 2651.09, "word": " with", "probability": 0.98974609375 }, { "start": 2651.09, "end": 2651.35, "word": " a,", "probability": 0.9990234375 }, { "start": 2651.35, "end": 2651.55, "word": " with", "probability": 0.998046875 }, { "start": 2651.55, "end": 2651.69, "word": " a", "probability": 1.0 }, { "start": 2651.69, "end": 2651.99, "word": " different", "probability": 1.0 }, { "start": 2651.99, "end": 2652.47, "word": " twist", "probability": 1.0 }, { "start": 2652.47, "end": 2653.25, "word": " and", "probability": 0.99755859375 }, { "start": 2653.25, "end": 2653.83, "word": " maybe", "probability": 1.0 }, { "start": 2653.83, "end": 2654.11, "word": " in", "probability": 1.0 }, { "start": 2654.11, "end": 2654.27, "word": " an", "probability": 1.0 } ] }, { "start": 2654.27, "end": 2659.51, "text": "environment, you know, that requires something different than what Warren Buffett did, you", "speaker_id": "Speaker 2", "words": [ { "start": 2654.27, "end": 2654.77, "word": " environment,", "probability": 1.0 }, { "start": 2654.77, "end": 2655.83, "word": " you", "probability": 0.99951171875 }, { "start": 2655.83, "end": 2655.95, "word": " know,", "probability": 1.0 }, { "start": 2656.09, "end": 2656.39, "word": " that", "probability": 1.0 }, { "start": 2656.39, "end": 2656.99, "word": " requires", "probability": 0.99951171875 }, { "start": 2656.99, "end": 2657.41, "word": " something", "probability": 1.0 }, { "start": 2657.41, "end": 2657.77, "word": " different", "probability": 1.0 }, { "start": 2657.77, "end": 2658.03, "word": " than", "probability": 1.0 }, { "start": 2658.03, "end": 2658.33, "word": " what", "probability": 0.99951171875 }, { "start": 2658.33, "end": 2658.63, "word": " Warren", "probability": 0.99951171875 }, { "start": 2658.63, "end": 2658.93, "word": " Buffett", "probability": 0.991943359375 }, { "start": 2658.93, "end": 2659.21, "word": " did,", "probability": 1.0 }, { "start": 2659.29, "end": 2659.51, "word": " you", "probability": 1.0 } ] }, { "start": 2659.51, "end": 2664.99, "text": "know, for the modern day. So it's fascinating to hear you bring that up um what is their", "speaker_id": "Speaker 2", "words": [ { "start": 2659.51, "end": 2659.65, "word": " know,", "probability": 1.0 }, { "start": 2659.73, "end": 2659.91, "word": " for", "probability": 1.0 }, { "start": 2659.91, "end": 2660.01, "word": " the", "probability": 1.0 }, { "start": 2660.01, "end": 2660.21, "word": " modern", "probability": 0.99951171875 }, { "start": 2660.21, "end": 2660.51, "word": " day.", "probability": 0.9970703125 }, { "start": 2660.73, "end": 2660.97, "word": " So", "probability": 0.9990234375 }, { "start": 2660.97, "end": 2661.33, "word": " it's", "probability": 0.97998046875 }, { "start": 2661.33, "end": 2661.69, "word": " fascinating", "probability": 1.0 }, { "start": 2661.69, "end": 2661.93, "word": " to", "probability": 1.0 }, { "start": 2661.93, "end": 2662.07, "word": " hear", "probability": 1.0 }, { "start": 2662.07, "end": 2662.19, "word": " you", "probability": 0.97412109375 }, { "start": 2662.19, "end": 2662.39, "word": " bring", "probability": 0.99951171875 }, { "start": 2662.39, "end": 2662.55, "word": " that", "probability": 1.0 }, { "start": 2662.55, "end": 2662.87, "word": " up", "probability": 1.0 }, { "start": 2662.87, "end": 2663.43, "word": " um", "probability": 0.15673828125 }, { "start": 2663.43, "end": 2664.35, "word": " what", "probability": 0.99951171875 }, { "start": 2664.35, "end": 2664.77, "word": " is", "probability": 1.0 }, { "start": 2664.77, "end": 2664.99, "word": " their", "probability": 0.94140625 } ] }, { "start": 2664.99, "end": 2669.99, "text": "pushback is there pushback from small companies because this solves for a problem i think a", "speaker_id": "Speaker 2", "words": [ { "start": 2664.99, "end": 2665.71, "word": " pushback", "probability": 0.994384765625 }, { "start": 2665.71, "end": 2666.49, "word": " is", "probability": 0.99951171875 }, { "start": 2666.49, "end": 2666.63, "word": " there", "probability": 0.5888671875 }, { "start": 2666.63, "end": 2667.05, "word": " pushback", "probability": 0.998046875 }, { "start": 2667.05, "end": 2667.23, "word": " from", "probability": 1.0 }, { "start": 2667.23, "end": 2667.47, "word": " small", "probability": 1.0 }, { "start": 2667.47, "end": 2667.85, "word": " companies", "probability": 1.0 }, { "start": 2667.85, "end": 2668.17, "word": " because", "probability": 1.0 }, { "start": 2668.17, "end": 2668.57, "word": " this", "probability": 1.0 }, { "start": 2668.57, "end": 2668.87, "word": " solves", "probability": 0.99853515625 }, { "start": 2668.87, "end": 2669.03, "word": " for", "probability": 0.998046875 }, { "start": 2669.03, "end": 2669.31, "word": " a", "probability": 0.99658203125 }, { "start": 2669.31, "end": 2669.35, "word": " problem", "probability": 0.99658203125 }, { "start": 2669.35, "end": 2669.53, "word": " i", "probability": 0.84765625 }, { "start": 2669.53, "end": 2669.67, "word": " think", "probability": 1.0 }, { "start": 2669.67, "end": 2669.99, "word": " a", "probability": 0.78271484375 } ] }, { "start": 2669.99, "end": 2674.39, "text": "lot of them based on the experience that they're hearing about seeing about uh private", "speaker_id": "Speaker 2", "words": [ { "start": 2669.99, "end": 2670.11, "word": " lot", "probability": 1.0 }, { "start": 2670.11, "end": 2670.25, "word": " of", "probability": 1.0 }, { "start": 2670.25, "end": 2670.39, "word": " them", "probability": 0.99951171875 }, { "start": 2670.39, "end": 2671.01, "word": " based", "probability": 1.0 }, { "start": 2671.01, "end": 2671.17, "word": " on", "probability": 1.0 }, { "start": 2671.17, "end": 2671.29, "word": " the", "probability": 0.9990234375 }, { "start": 2671.29, "end": 2671.67, "word": " experience", "probability": 0.99951171875 }, { "start": 2671.67, "end": 2671.91, "word": " that", "probability": 0.99951171875 }, { "start": 2671.91, "end": 2672.07, "word": " they're", "probability": 0.999755859375 }, { "start": 2672.07, "end": 2672.31, "word": " hearing", "probability": 0.99755859375 }, { "start": 2672.31, "end": 2672.55, "word": " about", "probability": 1.0 }, { "start": 2672.55, "end": 2672.85, "word": " seeing", "probability": 0.99951171875 }, { "start": 2672.85, "end": 2673.21, "word": " about", "probability": 1.0 }, { "start": 2673.21, "end": 2673.97, "word": " uh", "probability": 0.9892578125 }, { "start": 2673.97, "end": 2674.39, "word": " private", "probability": 1.0 } ] }, { "start": 2674.39, "end": 2680.55, "text": "equity is not the fit for them for that reason um but but on the bitcoin part is there sort", "speaker_id": "Speaker 2", "words": [ { "start": 2674.39, "end": 2674.61, "word": " equity", "probability": 0.9033203125 }, { "start": 2674.61, "end": 2674.75, "word": " is", "probability": 0.98974609375 }, { "start": 2674.75, "end": 2675.03, "word": " not", "probability": 0.99951171875 }, { "start": 2675.03, "end": 2675.23, "word": " the", "probability": 0.99853515625 }, { "start": 2675.23, "end": 2675.43, "word": " fit", "probability": 0.99560546875 }, { "start": 2675.43, "end": 2675.61, "word": " for", "probability": 1.0 }, { "start": 2675.61, "end": 2675.83, "word": " them", "probability": 0.99755859375 }, { "start": 2675.83, "end": 2676.07, "word": " for", "probability": 1.0 }, { "start": 2676.07, "end": 2676.21, "word": " that", "probability": 1.0 }, { "start": 2676.21, "end": 2676.59, "word": " reason", "probability": 0.9990234375 }, { "start": 2676.59, "end": 2677.39, "word": " um", "probability": 0.99951171875 }, { "start": 2677.39, "end": 2677.73, "word": " but", "probability": 1.0 }, { "start": 2677.73, "end": 2678.11, "word": " but", "probability": 0.69189453125 }, { "start": 2678.11, "end": 2678.85, "word": " on", "probability": 1.0 }, { "start": 2678.85, "end": 2678.99, "word": " the", "probability": 1.0 }, { "start": 2678.99, "end": 2679.35, "word": " bitcoin", "probability": 0.9921875 }, { "start": 2679.35, "end": 2679.83, "word": " part", "probability": 1.0 }, { "start": 2679.83, "end": 2680.09, "word": " is", "probability": 1.0 }, { "start": 2680.09, "end": 2680.21, "word": " there", "probability": 0.99853515625 }, { "start": 2680.21, "end": 2680.55, "word": " sort", "probability": 0.99951171875 } ] }, { "start": 2680.55, "end": 2686.13, "text": "of a what's the biggest kind of hurdle is there explaining do you do you look for companies", "speaker_id": "Speaker 2", "words": [ { "start": 2680.55, "end": 2680.65, "word": " of", "probability": 0.9990234375 }, { "start": 2680.65, "end": 2680.75, "word": " a", "probability": 0.8916015625 }, { "start": 2680.75, "end": 2681.09, "word": " what's", "probability": 1.0 }, { "start": 2681.09, "end": 2681.19, "word": " the", "probability": 0.96484375 }, { "start": 2681.19, "end": 2681.45, "word": " biggest", "probability": 0.998046875 }, { "start": 2681.45, "end": 2682.19, "word": " kind", "probability": 1.0 }, { "start": 2682.19, "end": 2682.41, "word": " of", "probability": 1.0 }, { "start": 2682.41, "end": 2683.01, "word": " hurdle", "probability": 1.0 }, { "start": 2683.01, "end": 2683.51, "word": " is", "probability": 1.0 }, { "start": 2683.51, "end": 2683.71, "word": " there", "probability": 0.92236328125 }, { "start": 2683.71, "end": 2684.49, "word": " explaining", "probability": 1.0 }, { "start": 2684.49, "end": 2684.81, "word": " do", "probability": 0.99951171875 }, { "start": 2684.81, "end": 2684.93, "word": " you", "probability": 0.98779296875 }, { "start": 2684.93, "end": 2685.11, "word": " do", "probability": 0.98388671875 }, { "start": 2685.11, "end": 2685.33, "word": " you", "probability": 0.99951171875 }, { "start": 2685.33, "end": 2685.55, "word": " look", "probability": 0.99951171875 }, { "start": 2685.55, "end": 2685.71, "word": " for", "probability": 1.0 }, { "start": 2685.71, "end": 2686.13, "word": " companies", "probability": 1.0 } ] }, { "start": 2686.13, "end": 2691.79, "text": "that already have a leaning toward bitcoin or do you find a good value company um And then", "speaker_id": "Speaker 2", "words": [ { "start": 2686.13, "end": 2686.35, "word": " that", "probability": 1.0 }, { "start": 2686.35, "end": 2686.81, "word": " already", "probability": 1.0 }, { "start": 2686.81, "end": 2687.03, "word": " have", "probability": 1.0 }, { "start": 2687.03, "end": 2687.15, "word": " a", "probability": 0.99169921875 }, { "start": 2687.15, "end": 2687.31, "word": " leaning", "probability": 0.9755859375 }, { "start": 2687.31, "end": 2687.51, "word": " toward", "probability": 0.998046875 }, { "start": 2687.51, "end": 2687.83, "word": " bitcoin", "probability": 0.998046875 }, { "start": 2687.83, "end": 2688.19, "word": " or", "probability": 1.0 }, { "start": 2688.19, "end": 2688.67, "word": " do", "probability": 0.99951171875 }, { "start": 2688.67, "end": 2688.77, "word": " you", "probability": 1.0 }, { "start": 2688.77, "end": 2689.05, "word": " find", "probability": 0.99951171875 }, { "start": 2689.05, "end": 2689.15, "word": " a", "probability": 1.0 }, { "start": 2689.15, "end": 2689.25, "word": " good", "probability": 0.99951171875 }, { "start": 2689.25, "end": 2689.57, "word": " value", "probability": 1.0 }, { "start": 2689.57, "end": 2690.03, "word": " company", "probability": 0.99951171875 }, { "start": 2690.03, "end": 2691.17, "word": " um", "probability": 0.99609375 }, { "start": 2691.17, "end": 2691.63, "word": " And", "probability": 0.88916015625 }, { "start": 2691.63, "end": 2691.79, "word": " then", "probability": 1.0 } ] }, { "start": 2691.79, "end": 2695.61, "text": "say, like, hear me out, listen to why this might work and be a better option.", "speaker_id": "Speaker 2", "words": [ { "start": 2691.79, "end": 2692.17, "word": " say,", "probability": 0.9892578125 }, { "start": 2692.51, "end": 2692.61, "word": " like,", "probability": 0.818359375 }, { "start": 2692.71, "end": 2692.83, "word": " hear", "probability": 0.998046875 }, { "start": 2692.83, "end": 2692.95, "word": " me", "probability": 1.0 }, { "start": 2692.95, "end": 2693.29, "word": " out,", "probability": 1.0 }, { "start": 2693.53, "end": 2693.73, "word": " listen", "probability": 1.0 }, { "start": 2693.73, "end": 2693.87, "word": " to", "probability": 1.0 }, { "start": 2693.87, "end": 2694.05, "word": " why", "probability": 1.0 }, { "start": 2694.05, "end": 2694.25, "word": " this", "probability": 1.0 }, { "start": 2694.25, "end": 2694.45, "word": " might", "probability": 1.0 }, { "start": 2694.45, "end": 2694.71, "word": " work", "probability": 1.0 }, { "start": 2694.71, "end": 2694.85, "word": " and", "probability": 0.986328125 }, { "start": 2694.85, "end": 2694.95, "word": " be", "probability": 1.0 }, { "start": 2694.95, "end": 2695.05, "word": " a", "probability": 1.0 }, { "start": 2695.05, "end": 2695.17, "word": " better", "probability": 1.0 }, { "start": 2695.17, "end": 2695.61, "word": " option.", "probability": 1.0 } ] }, { "start": 2696.01, "end": 2699.83, "text": "Yeah, good question. So our early batch of companies, we've had hundreds of companies reach", "speaker_id": "Speaker 1", "words": [ { "start": 2696.01, "end": 2696.13, "word": " Yeah,", "probability": 0.99755859375 }, { "start": 2696.19, "end": 2696.31, "word": " good", "probability": 0.99951171875 }, { "start": 2696.31, "end": 2696.61, "word": " question.", "probability": 1.0 }, { "start": 2696.75, "end": 2696.83, "word": " So", "probability": 0.99755859375 }, { "start": 2696.83, "end": 2697.15, "word": " our", "probability": 0.97900390625 }, { "start": 2697.15, "end": 2697.53, "word": " early", "probability": 1.0 }, { "start": 2697.53, "end": 2697.83, "word": " batch", "probability": 1.0 }, { "start": 2697.83, "end": 2698.01, "word": " of", "probability": 1.0 }, { "start": 2698.01, "end": 2698.37, "word": " companies,", "probability": 0.9931640625 }, { "start": 2698.45, "end": 2698.67, "word": " we've", "probability": 0.807373046875 }, { "start": 2698.67, "end": 2698.81, "word": " had", "probability": 1.0 }, { "start": 2698.81, "end": 2699.11, "word": " hundreds", "probability": 1.0 }, { "start": 2699.11, "end": 2699.27, "word": " of", "probability": 1.0 }, { "start": 2699.27, "end": 2699.59, "word": " companies", "probability": 1.0 }, { "start": 2699.59, "end": 2699.83, "word": " reach", "probability": 1.0 } ] }, { "start": 2699.83, "end": 2706.47, "text": "out and the funnel in this early stage tend to be company owners that like", "speaker_id": "Speaker 1", "words": [ { "start": 2699.83, "end": 2700.13, "word": " out", "probability": 1.0 }, { "start": 2700.13, "end": 2701.45, "word": " and", "probability": 0.4462890625 }, { "start": 2701.45, "end": 2701.75, "word": " the", "probability": 0.99951171875 }, { "start": 2701.75, "end": 2702.13, "word": " funnel", "probability": 1.0 }, { "start": 2702.13, "end": 2703.29, "word": " in", "probability": 0.99609375 }, { "start": 2703.29, "end": 2703.49, "word": " this", "probability": 1.0 }, { "start": 2703.49, "end": 2703.75, "word": " early", "probability": 1.0 }, { "start": 2703.75, "end": 2704.15, "word": " stage", "probability": 1.0 }, { "start": 2704.15, "end": 2704.41, "word": " tend", "probability": 0.9951171875 }, { "start": 2704.41, "end": 2704.59, "word": " to", "probability": 1.0 }, { "start": 2704.59, "end": 2704.93, "word": " be", "probability": 1.0 }, { "start": 2704.93, "end": 2705.79, "word": " company", "probability": 0.9990234375 }, { "start": 2705.79, "end": 2706.11, "word": " owners", "probability": 1.0 }, { "start": 2706.11, "end": 2706.29, "word": " that", "probability": 1.0 }, { "start": 2706.29, "end": 2706.47, "word": " like", "probability": 1.0 } ] }, { "start": 2706.47, "end": 2706.85, "text": "Bitcoin.", "speaker_id": "Speaker 1", "words": [ { "start": 2706.47, "end": 2706.85, "word": " Bitcoin.", "probability": 0.99853515625 } ] }, { "start": 2707.05, "end": 2707.33, "text": "Yeah.", "speaker_id": "Speaker 2", "words": [ { "start": 2707.05, "end": 2707.33, "word": " Yeah.", "probability": 0.82958984375 } ] }, { "start": 2707.45, "end": 2713.09, "text": "Right. Because they've those of us that founded Orange Juice, some of us have pretty large", "speaker_id": "Speaker 1", "words": [ { "start": 2707.45, "end": 2707.55, "word": " Right.", "probability": 0.9736328125 }, { "start": 2707.65, "end": 2707.87, "word": " Because", "probability": 0.9931640625 }, { "start": 2707.87, "end": 2708.21, "word": " they've", "probability": 0.932861328125 }, { "start": 2708.21, "end": 2708.99, "word": " those", "probability": 0.88623046875 }, { "start": 2708.99, "end": 2709.17, "word": " of", "probability": 1.0 }, { "start": 2709.17, "end": 2709.29, "word": " us", "probability": 1.0 }, { "start": 2709.29, "end": 2709.43, "word": " that", "probability": 1.0 }, { "start": 2709.43, "end": 2709.77, "word": " founded", "probability": 0.99609375 }, { "start": 2709.77, "end": 2710.07, "word": " Orange", "probability": 0.97509765625 }, { "start": 2710.07, "end": 2710.41, "word": " Juice,", "probability": 0.994140625 }, { "start": 2710.69, "end": 2712.09, "word": " some", "probability": 0.99951171875 }, { "start": 2712.09, "end": 2712.25, "word": " of", "probability": 1.0 }, { "start": 2712.25, "end": 2712.37, "word": " us", "probability": 1.0 }, { "start": 2712.37, "end": 2712.51, "word": " have", "probability": 1.0 }, { "start": 2712.51, "end": 2712.79, "word": " pretty", "probability": 1.0 }, { "start": 2712.79, "end": 2713.09, "word": " large", "probability": 1.0 } ] }, { "start": 2713.09, "end": 2719.91, "text": "audiences and people hear about it through us and then they come to it. Now, our view is", "speaker_id": "Speaker 1", "words": [ { "start": 2713.09, "end": 2713.57, "word": " audiences", "probability": 1.0 }, { "start": 2713.57, "end": 2715.03, "word": " and", "probability": 0.98779296875 }, { "start": 2715.03, "end": 2715.39, "word": " people", "probability": 1.0 }, { "start": 2715.39, "end": 2715.91, "word": " hear", "probability": 0.99951171875 }, { "start": 2715.91, "end": 2716.15, "word": " about", "probability": 1.0 }, { "start": 2716.15, "end": 2716.29, "word": " it", "probability": 1.0 }, { "start": 2716.29, "end": 2716.49, "word": " through", "probability": 1.0 }, { "start": 2716.49, "end": 2716.95, "word": " us", "probability": 1.0 }, { "start": 2716.95, "end": 2717.63, "word": " and", "probability": 0.85302734375 }, { "start": 2717.63, "end": 2717.75, "word": " then", "probability": 0.99951171875 }, { "start": 2717.75, "end": 2717.91, "word": " they", "probability": 1.0 }, { "start": 2717.91, "end": 2718.29, "word": " come", "probability": 0.98974609375 }, { "start": 2718.29, "end": 2718.51, "word": " to", "probability": 1.0 }, { "start": 2718.51, "end": 2718.69, "word": " it.", "probability": 1.0 }, { "start": 2718.69, "end": 2719.19, "word": " Now,", "probability": 0.99169921875 }, { "start": 2719.31, "end": 2719.43, "word": " our", "probability": 1.0 }, { "start": 2719.43, "end": 2719.73, "word": " view", "probability": 1.0 }, { "start": 2719.73, "end": 2719.91, "word": " is", "probability": 1.0 } ] }, { "start": 2719.91, "end": 2726.87, "text": "that if we execute the early acquisitions well, and if we grow larger, then probably some", "speaker_id": "Speaker 1", "words": [ { "start": 2719.91, "end": 2720.09, "word": " that", "probability": 1.0 }, { "start": 2720.09, "end": 2720.99, "word": " if", "probability": 0.87646484375 }, { "start": 2720.99, "end": 2721.59, "word": " we", "probability": 1.0 }, { "start": 2721.59, "end": 2721.99, "word": " execute", "probability": 1.0 }, { "start": 2721.99, "end": 2722.13, "word": " the", "probability": 0.9990234375 }, { "start": 2722.13, "end": 2722.35, "word": " early", "probability": 1.0 }, { "start": 2722.35, "end": 2722.93, "word": " acquisitions", "probability": 1.0 }, { "start": 2722.93, "end": 2723.25, "word": " well,", "probability": 1.0 }, { "start": 2723.27, "end": 2724.51, "word": " and", "probability": 1.0 }, { "start": 2724.51, "end": 2724.63, "word": " if", "probability": 1.0 }, { "start": 2724.63, "end": 2724.71, "word": " we", "probability": 1.0 }, { "start": 2724.71, "end": 2724.93, "word": " grow", "probability": 1.0 }, { "start": 2724.93, "end": 2725.37, "word": " larger,", "probability": 1.0 }, { "start": 2726.03, "end": 2726.21, "word": " then", "probability": 1.0 }, { "start": 2726.21, "end": 2726.69, "word": " probably", "probability": 1.0 }, { "start": 2726.69, "end": 2726.87, "word": " some", "probability": 1.0 } ] }, { "start": 2726.87, "end": 2732.21, "text": "of the later acquisitions will be founders that don't care about Bitcoin, don't know about", "speaker_id": "Speaker 1", "words": [ { "start": 2726.87, "end": 2726.95, "word": " of", "probability": 1.0 }, { "start": 2726.95, "end": 2727.01, "word": " the", "probability": 1.0 }, { "start": 2727.01, "end": 2727.23, "word": " later", "probability": 1.0 }, { "start": 2727.23, "end": 2727.89, "word": " acquisitions", "probability": 1.0 }, { "start": 2727.89, "end": 2728.33, "word": " will", "probability": 1.0 }, { "start": 2728.33, "end": 2728.53, "word": " be", "probability": 1.0 }, { "start": 2728.53, "end": 2728.93, "word": " founders", "probability": 0.99951171875 }, { "start": 2728.93, "end": 2729.29, "word": " that", "probability": 1.0 }, { "start": 2729.29, "end": 2729.99, "word": " don't", "probability": 0.999755859375 }, { "start": 2729.99, "end": 2730.17, "word": " care", "probability": 1.0 }, { "start": 2730.17, "end": 2730.35, "word": " about", "probability": 1.0 }, { "start": 2730.35, "end": 2730.75, "word": " Bitcoin,", "probability": 0.99658203125 }, { "start": 2730.97, "end": 2731.91, "word": " don't", "probability": 1.0 }, { "start": 2731.91, "end": 2732.03, "word": " know", "probability": 1.0 }, { "start": 2732.03, "end": 2732.21, "word": " about", "probability": 1.0 } ] }, { "start": 2732.21, "end": 2736.87, "text": "Bitcoin, just they like the permanent capital structure. Kind of like how if you're selling", "speaker_id": "Speaker 1", "words": [ { "start": 2732.21, "end": 2732.71, "word": " Bitcoin,", "probability": 1.0 }, { "start": 2732.95, "end": 2733.09, "word": " just", "probability": 0.736328125 }, { "start": 2733.09, "end": 2734.11, "word": " they", "probability": 0.6875 }, { "start": 2734.11, "end": 2734.35, "word": " like", "probability": 1.0 }, { "start": 2734.35, "end": 2734.49, "word": " the", "probability": 1.0 }, { "start": 2734.49, "end": 2734.89, "word": " permanent", "probability": 1.0 }, { "start": 2734.89, "end": 2735.53, "word": " capital", "probability": 1.0 }, { "start": 2735.53, "end": 2735.89, "word": " structure.", "probability": 1.0 }, { "start": 2735.99, "end": 2736.09, "word": " Kind", "probability": 0.986328125 }, { "start": 2736.09, "end": 2736.15, "word": " of", "probability": 0.99951171875 }, { "start": 2736.15, "end": 2736.25, "word": " like", "probability": 1.0 }, { "start": 2736.25, "end": 2736.37, "word": " how", "probability": 0.9892578125 }, { "start": 2736.37, "end": 2736.53, "word": " if", "probability": 0.9892578125 }, { "start": 2736.53, "end": 2736.59, "word": " you're", "probability": 1.0 }, { "start": 2736.59, "end": 2736.87, "word": " selling", "probability": 1.0 } ] }, { "start": 2736.87, "end": 2740.47, "text": "your company to Berkshire Hathaway, you don't really care about insurance necessarily.", "speaker_id": "Speaker 1", "words": [ { "start": 2736.87, "end": 2737.01, "word": " your", "probability": 1.0 }, { "start": 2737.01, "end": 2737.29, "word": " company", "probability": 1.0 }, { "start": 2737.29, "end": 2737.41, "word": " to", "probability": 0.99951171875 }, { "start": 2737.41, "end": 2737.71, "word": " Berkshire", "probability": 0.9993489583333334 }, { "start": 2737.71, "end": 2738.11, "word": " Hathaway,", "probability": 1.0 }, { "start": 2738.29, "end": 2738.49, "word": " you", "probability": 1.0 }, { "start": 2738.49, "end": 2738.77, "word": " don't", "probability": 1.0 }, { "start": 2738.77, "end": 2738.97, "word": " really", "probability": 0.955078125 }, { "start": 2738.97, "end": 2739.19, "word": " care", "probability": 1.0 }, { "start": 2739.19, "end": 2739.37, "word": " about", "probability": 1.0 }, { "start": 2739.37, "end": 2739.83, "word": " insurance", "probability": 1.0 }, { "start": 2739.83, "end": 2740.47, "word": " necessarily.", "probability": 0.994140625 } ] }, { "start": 2742.13, "end": 2747.47, "text": "And so that's kind of the way we're approaching it. and basically it gives us just more", "speaker_id": "Speaker 1", "words": [ { "start": 2742.13, "end": 2742.57, "word": " And", "probability": 0.9404296875 }, { "start": 2742.57, "end": 2742.77, "word": " so", "probability": 1.0 }, { "start": 2742.77, "end": 2743.33, "word": " that's", "probability": 0.9716796875 }, { "start": 2743.33, "end": 2743.45, "word": " kind", "probability": 0.97509765625 }, { "start": 2743.45, "end": 2743.51, "word": " of", "probability": 1.0 }, { "start": 2743.51, "end": 2743.59, "word": " the", "probability": 0.99951171875 }, { "start": 2743.59, "end": 2743.69, "word": " way", "probability": 1.0 }, { "start": 2743.69, "end": 2743.87, "word": " we're", "probability": 1.0 }, { "start": 2743.87, "end": 2744.25, "word": " approaching", "probability": 1.0 }, { "start": 2744.25, "end": 2744.53, "word": " it.", "probability": 1.0 }, { "start": 2744.53, "end": 2745.43, "word": " and", "probability": 0.06817626953125 }, { "start": 2745.43, "end": 2745.81, "word": " basically", "probability": 0.99072265625 }, { "start": 2745.81, "end": 2746.71, "word": " it", "probability": 0.7890625 }, { "start": 2746.71, "end": 2746.99, "word": " gives", "probability": 0.99853515625 }, { "start": 2746.99, "end": 2747.13, "word": " us", "probability": 0.9990234375 }, { "start": 2747.13, "end": 2747.27, "word": " just", "probability": 0.455322265625 }, { "start": 2747.27, "end": 2747.47, "word": " more", "probability": 1.0 } ] }, { "start": 2747.47, "end": 2752.81, "text": "avenues of things to do right so so we can ideally do things in a counter cyclical way", "speaker_id": "Speaker 1", "words": [ { "start": 2747.47, "end": 2747.85, "word": " avenues", "probability": 0.99951171875 }, { "start": 2747.85, "end": 2748.03, "word": " of", "probability": 0.99951171875 }, { "start": 2748.03, "end": 2748.25, "word": " things", "probability": 1.0 }, { "start": 2748.25, "end": 2748.41, "word": " to", "probability": 1.0 }, { "start": 2748.41, "end": 2748.73, "word": " do", "probability": 1.0 }, { "start": 2748.73, "end": 2749.07, "word": " right", "probability": 0.2376708984375 }, { "start": 2749.07, "end": 2749.37, "word": " so", "probability": 0.8837890625 }, { "start": 2749.37, "end": 2749.77, "word": " so", "probability": 0.564453125 }, { "start": 2749.77, "end": 2750.09, "word": " we", "probability": 1.0 }, { "start": 2750.09, "end": 2750.27, "word": " can", "probability": 1.0 }, { "start": 2750.27, "end": 2750.99, "word": " ideally", "probability": 0.998046875 }, { "start": 2750.99, "end": 2751.51, "word": " do", "probability": 0.99951171875 }, { "start": 2751.51, "end": 2751.75, "word": " things", "probability": 0.99951171875 }, { "start": 2751.75, "end": 2751.87, "word": " in", "probability": 0.99951171875 }, { "start": 2751.87, "end": 2751.95, "word": " a", "probability": 0.9990234375 }, { "start": 2751.95, "end": 2752.17, "word": " counter", "probability": 0.9990234375 }, { "start": 2752.17, "end": 2752.59, "word": " cyclical", "probability": 0.91748046875 }, { "start": 2752.59, "end": 2752.81, "word": " way", "probability": 0.99951171875 } ] }, { "start": 2752.81, "end": 2757.43, "text": "they're pure bitcoin treasury companies like strategy for example they investors tend to", "speaker_id": "Speaker 1", "words": [ { "start": 2752.81, "end": 2753.07, "word": " they're", "probability": 0.977783203125 }, { "start": 2753.07, "end": 2753.45, "word": " pure", "probability": 0.99951171875 }, { "start": 2753.45, "end": 2753.81, "word": " bitcoin", "probability": 0.8603515625 }, { "start": 2753.81, "end": 2754.13, "word": " treasury", "probability": 0.998046875 }, { "start": 2754.13, "end": 2754.57, "word": " companies", "probability": 0.99951171875 }, { "start": 2754.57, "end": 2754.73, "word": " like", "probability": 0.9990234375 }, { "start": 2754.73, "end": 2755.07, "word": " strategy", "probability": 0.99853515625 }, { "start": 2755.07, "end": 2755.29, "word": " for", "probability": 0.99951171875 }, { "start": 2755.29, "end": 2755.65, "word": " example", "probability": 1.0 }, { "start": 2755.65, "end": 2756.41, "word": " they", "probability": 0.908203125 }, { "start": 2756.41, "end": 2757.15, "word": " investors", "probability": 0.9970703125 }, { "start": 2757.15, "end": 2757.37, "word": " tend", "probability": 0.9501953125 }, { "start": 2757.37, "end": 2757.43, "word": " to", "probability": 0.9951171875 } ] }, { "start": 2757.43, "end": 2761.17, "text": "want to give them more capital during bitcoin bull markets so they go out and buy more", "speaker_id": "Speaker 1", "words": [ { "start": 2757.43, "end": 2757.55, "word": " want", "probability": 0.998046875 }, { "start": 2757.55, "end": 2757.67, "word": " to", "probability": 1.0 }, { "start": 2757.67, "end": 2757.85, "word": " give", "probability": 1.0 }, { "start": 2757.85, "end": 2758.01, "word": " them", "probability": 0.9990234375 }, { "start": 2758.01, "end": 2758.19, "word": " more", "probability": 1.0 }, { "start": 2758.19, "end": 2758.61, "word": " capital", "probability": 0.99951171875 }, { "start": 2758.61, "end": 2758.91, "word": " during", "probability": 1.0 }, { "start": 2758.91, "end": 2759.27, "word": " bitcoin", "probability": 0.99853515625 }, { "start": 2759.27, "end": 2759.51, "word": " bull", "probability": 0.99658203125 }, { "start": 2759.51, "end": 2759.93, "word": " markets", "probability": 1.0 }, { "start": 2759.93, "end": 2760.41, "word": " so", "probability": 0.99951171875 }, { "start": 2760.41, "end": 2760.51, "word": " they", "probability": 1.0 }, { "start": 2760.51, "end": 2760.63, "word": " go", "probability": 1.0 }, { "start": 2760.63, "end": 2760.73, "word": " out", "probability": 1.0 }, { "start": 2760.73, "end": 2760.81, "word": " and", "probability": 0.99951171875 }, { "start": 2760.81, "end": 2760.99, "word": " buy", "probability": 1.0 }, { "start": 2760.99, "end": 2761.17, "word": " more", "probability": 1.0 } ] }, { "start": 2761.17, "end": 2766.11, "text": "bitcoin when it's high and then when bitcoin's in a bear market all the capital pulls away", "speaker_id": "Speaker 1", "words": [ { "start": 2761.17, "end": 2761.51, "word": " bitcoin", "probability": 0.9990234375 }, { "start": 2761.51, "end": 2761.73, "word": " when", "probability": 1.0 }, { "start": 2761.73, "end": 2761.97, "word": " it's", "probability": 0.999755859375 }, { "start": 2761.97, "end": 2762.45, "word": " high", "probability": 0.9990234375 }, { "start": 2762.45, "end": 2763.07, "word": " and", "probability": 0.99951171875 }, { "start": 2763.07, "end": 2763.19, "word": " then", "probability": 0.99951171875 }, { "start": 2763.19, "end": 2763.43, "word": " when", "probability": 0.99951171875 }, { "start": 2763.43, "end": 2764.03, "word": " bitcoin's", "probability": 0.9775390625 }, { "start": 2764.03, "end": 2764.11, "word": " in", "probability": 0.99853515625 }, { "start": 2764.11, "end": 2764.15, "word": " a", "probability": 0.9990234375 }, { "start": 2764.15, "end": 2764.29, "word": " bear", "probability": 0.984375 }, { "start": 2764.29, "end": 2764.67, "word": " market", "probability": 1.0 }, { "start": 2764.67, "end": 2764.97, "word": " all", "probability": 1.0 }, { "start": 2764.97, "end": 2765.09, "word": " the", "probability": 0.99951171875 }, { "start": 2765.09, "end": 2765.41, "word": " capital", "probability": 0.998046875 }, { "start": 2765.41, "end": 2765.77, "word": " pulls", "probability": 1.0 }, { "start": 2765.77, "end": 2766.11, "word": " away", "probability": 1.0 } ] }, { "start": 2766.11, "end": 2770.85, "text": "and then the company can't buy as much bitcoin so they end up often having pro cyclical", "speaker_id": "Speaker 1", "words": [ { "start": 2766.11, "end": 2766.59, "word": " and", "probability": 1.0 }, { "start": 2766.59, "end": 2766.67, "word": " then", "probability": 0.99853515625 }, { "start": 2766.67, "end": 2766.79, "word": " the", "probability": 0.99951171875 }, { "start": 2766.79, "end": 2767.07, "word": " company", "probability": 0.99951171875 }, { "start": 2767.07, "end": 2767.41, "word": " can't", "probability": 1.0 }, { "start": 2767.41, "end": 2767.59, "word": " buy", "probability": 0.9990234375 }, { "start": 2767.59, "end": 2767.73, "word": " as", "probability": 1.0 }, { "start": 2767.73, "end": 2767.87, "word": " much", "probability": 0.99951171875 }, { "start": 2767.87, "end": 2768.29, "word": " bitcoin", "probability": 0.9990234375 }, { "start": 2768.29, "end": 2768.81, "word": " so", "probability": 0.99951171875 }, { "start": 2768.81, "end": 2768.93, "word": " they", "probability": 0.94677734375 }, { "start": 2768.93, "end": 2769.01, "word": " end", "probability": 0.97802734375 }, { "start": 2769.01, "end": 2769.13, "word": " up", "probability": 0.99658203125 }, { "start": 2769.13, "end": 2769.75, "word": " often", "probability": 0.9990234375 }, { "start": 2769.75, "end": 2769.97, "word": " having", "probability": 1.0 }, { "start": 2769.97, "end": 2770.31, "word": " pro", "probability": 0.9970703125 }, { "start": 2770.31, "end": 2770.85, "word": " cyclical", "probability": 0.922119140625 } ] }, { "start": 2770.85, "end": 2776.75, "text": "accumulation whereas with orange juice if we primarily focus on you know acquiring cash", "speaker_id": "Speaker 1", "words": [ { "start": 2770.85, "end": 2771.63, "word": " accumulation", "probability": 0.8720703125 }, { "start": 2771.63, "end": 2772.53, "word": " whereas", "probability": 0.073486328125 }, { "start": 2772.53, "end": 2772.91, "word": " with", "probability": 0.99755859375 }, { "start": 2772.91, "end": 2773.11, "word": " orange", "probability": 0.95703125 }, { "start": 2773.11, "end": 2773.39, "word": " juice", "probability": 1.0 }, { "start": 2773.39, "end": 2773.73, "word": " if", "probability": 0.97265625 }, { "start": 2773.73, "end": 2773.83, "word": " we", "probability": 1.0 }, { "start": 2773.83, "end": 2774.21, "word": " primarily", "probability": 1.0 }, { "start": 2774.21, "end": 2774.57, "word": " focus", "probability": 1.0 }, { "start": 2774.57, "end": 2774.97, "word": " on", "probability": 1.0 }, { "start": 2774.97, "end": 2775.73, "word": " you", "probability": 0.8544921875 }, { "start": 2775.73, "end": 2775.81, "word": " know", "probability": 0.99951171875 }, { "start": 2775.81, "end": 2776.33, "word": " acquiring", "probability": 0.9970703125 }, { "start": 2776.33, "end": 2776.75, "word": " cash", "probability": 0.9990234375 } ] }, { "start": 2776.75, "end": 2782.69, "text": "flow producing businesses that's our main focus and if our funnel is really good uh we can", "speaker_id": "Speaker 1", "words": [ { "start": 2776.75, "end": 2776.97, "word": " flow", "probability": 0.9521484375 }, { "start": 2776.97, "end": 2777.33, "word": " producing", "probability": 0.99951171875 }, { "start": 2777.33, "end": 2777.79, "word": " businesses", "probability": 0.99951171875 }, { "start": 2777.79, "end": 2779.03, "word": " that's", "probability": 0.994873046875 }, { "start": 2779.03, "end": 2779.13, "word": " our", "probability": 0.99951171875 }, { "start": 2779.13, "end": 2779.29, "word": " main", "probability": 0.99853515625 }, { "start": 2779.29, "end": 2779.67, "word": " focus", "probability": 1.0 }, { "start": 2779.67, "end": 2780.47, "word": " and", "probability": 0.9912109375 }, { "start": 2780.47, "end": 2780.61, "word": " if", "probability": 1.0 }, { "start": 2780.61, "end": 2780.73, "word": " our", "probability": 0.99951171875 }, { "start": 2780.73, "end": 2780.99, "word": " funnel", "probability": 0.9736328125 }, { "start": 2780.99, "end": 2781.13, "word": " is", "probability": 0.68603515625 }, { "start": 2781.13, "end": 2781.35, "word": " really", "probability": 1.0 }, { "start": 2781.35, "end": 2781.71, "word": " good", "probability": 1.0 }, { "start": 2781.71, "end": 2782.27, "word": " uh", "probability": 0.4443359375 }, { "start": 2782.27, "end": 2782.57, "word": " we", "probability": 1.0 }, { "start": 2782.57, "end": 2782.69, "word": " can", "probability": 1.0 } ] }, { "start": 2782.69, "end": 2787.65, "text": "buy more businesses if at any given time we have a softer funnel uh we have this whole", "speaker_id": "Speaker 1", "words": [ { "start": 2782.69, "end": 2782.91, "word": " buy", "probability": 1.0 }, { "start": 2782.91, "end": 2783.11, "word": " more", "probability": 1.0 }, { "start": 2783.11, "end": 2783.51, "word": " businesses", "probability": 0.99951171875 }, { "start": 2783.51, "end": 2784.35, "word": " if", "probability": 0.9990234375 }, { "start": 2784.35, "end": 2784.45, "word": " at", "probability": 0.9990234375 }, { "start": 2784.45, "end": 2784.57, "word": " any", "probability": 1.0 }, { "start": 2784.57, "end": 2784.71, "word": " given", "probability": 0.99560546875 }, { "start": 2784.71, "end": 2784.97, "word": " time", "probability": 1.0 }, { "start": 2784.97, "end": 2785.17, "word": " we", "probability": 1.0 }, { "start": 2785.17, "end": 2785.29, "word": " have", "probability": 1.0 }, { "start": 2785.29, "end": 2785.43, "word": " a", "probability": 0.9990234375 }, { "start": 2785.43, "end": 2785.81, "word": " softer", "probability": 0.98876953125 }, { "start": 2785.81, "end": 2786.21, "word": " funnel", "probability": 0.99951171875 }, { "start": 2786.21, "end": 2786.97, "word": " uh", "probability": 0.845703125 }, { "start": 2786.97, "end": 2787.31, "word": " we", "probability": 1.0 }, { "start": 2787.31, "end": 2787.39, "word": " have", "probability": 1.0 }, { "start": 2787.39, "end": 2787.53, "word": " this", "probability": 0.99951171875 }, { "start": 2787.53, "end": 2787.65, "word": " whole", "probability": 0.998046875 } ] }, { "start": 2787.65, "end": 2793.65, "text": "other avenue of what is bitcoin doing is it in a bear market is it surging you know um and", "speaker_id": "Speaker 1", "words": [ { "start": 2787.65, "end": 2787.89, "word": " other", "probability": 1.0 }, { "start": 2787.89, "end": 2788.29, "word": " avenue", "probability": 0.99951171875 }, { "start": 2788.29, "end": 2788.69, "word": " of", "probability": 1.0 }, { "start": 2788.69, "end": 2788.85, "word": " what", "probability": 1.0 }, { "start": 2788.85, "end": 2788.97, "word": " is", "probability": 0.99951171875 }, { "start": 2788.97, "end": 2789.25, "word": " bitcoin", "probability": 0.96240234375 }, { "start": 2789.25, "end": 2789.53, "word": " doing", "probability": 0.998046875 }, { "start": 2789.53, "end": 2789.77, "word": " is", "probability": 0.99951171875 }, { "start": 2789.77, "end": 2789.87, "word": " it", "probability": 0.99658203125 }, { "start": 2789.87, "end": 2789.97, "word": " in", "probability": 0.9990234375 }, { "start": 2789.97, "end": 2790.07, "word": " a", "probability": 0.830078125 }, { "start": 2790.07, "end": 2790.25, "word": " bear", "probability": 0.978515625 }, { "start": 2790.25, "end": 2790.65, "word": " market", "probability": 1.0 }, { "start": 2790.65, "end": 2790.89, "word": " is", "probability": 1.0 }, { "start": 2790.89, "end": 2790.99, "word": " it", "probability": 0.99755859375 }, { "start": 2790.99, "end": 2791.47, "word": " surging", "probability": 0.99853515625 }, { "start": 2791.47, "end": 2792.09, "word": " you", "probability": 0.99951171875 }, { "start": 2792.09, "end": 2792.29, "word": " know", "probability": 1.0 }, { "start": 2792.29, "end": 2792.83, "word": " um", "probability": 0.98974609375 }, { "start": 2792.83, "end": 2793.65, "word": " and", "probability": 1.0 } ] }, { "start": 2793.65, "end": 2797.93, "text": "you know so it gives us that whole second avenue of things that we can be doing with our", "speaker_id": "Speaker 1", "words": [ { "start": 2793.65, "end": 2793.97, "word": " you", "probability": 1.0 }, { "start": 2793.97, "end": 2794.09, "word": " know", "probability": 0.99951171875 }, { "start": 2794.09, "end": 2794.59, "word": " so", "probability": 0.9990234375 }, { "start": 2794.59, "end": 2795.01, "word": " it", "probability": 1.0 }, { "start": 2795.01, "end": 2795.19, "word": " gives", "probability": 1.0 }, { "start": 2795.19, "end": 2795.31, "word": " us", "probability": 0.99951171875 }, { "start": 2795.31, "end": 2795.43, "word": " that", "probability": 0.99951171875 }, { "start": 2795.43, "end": 2795.59, "word": " whole", "probability": 0.9990234375 }, { "start": 2795.59, "end": 2795.95, "word": " second", "probability": 0.99951171875 }, { "start": 2795.95, "end": 2796.33, "word": " avenue", "probability": 0.99951171875 }, { "start": 2796.33, "end": 2796.51, "word": " of", "probability": 0.998046875 }, { "start": 2796.51, "end": 2796.65, "word": " things", "probability": 0.99951171875 }, { "start": 2796.65, "end": 2796.81, "word": " that", "probability": 0.998046875 }, { "start": 2796.81, "end": 2796.91, "word": " we", "probability": 0.99951171875 }, { "start": 2796.91, "end": 2797.05, "word": " can", "probability": 1.0 }, { "start": 2797.05, "end": 2797.23, "word": " be", "probability": 1.0 }, { "start": 2797.23, "end": 2797.63, "word": " doing", "probability": 0.99951171875 }, { "start": 2797.63, "end": 2797.81, "word": " with", "probability": 1.0 }, { "start": 2797.81, "end": 2797.93, "word": " our", "probability": 1.0 } ] }, { "start": 2797.93, "end": 2803.55, "text": "capital uh in what is historically a volatile but strongly performing asset.", "speaker_id": "Speaker 1", "words": [ { "start": 2797.93, "end": 2798.41, "word": " capital", "probability": 0.99951171875 }, { "start": 2798.41, "end": 2799.15, "word": " uh", "probability": 0.99609375 }, { "start": 2799.15, "end": 2799.75, "word": " in", "probability": 0.99951171875 }, { "start": 2799.75, "end": 2799.91, "word": " what", "probability": 1.0 }, { "start": 2799.91, "end": 2800.07, "word": " is", "probability": 0.98779296875 }, { "start": 2800.07, "end": 2800.57, "word": " historically", "probability": 0.99951171875 }, { "start": 2800.57, "end": 2801.01, "word": " a", "probability": 0.96875 }, { "start": 2801.01, "end": 2801.55, "word": " volatile", "probability": 1.0 }, { "start": 2801.55, "end": 2801.99, "word": " but", "probability": 0.81494140625 }, { "start": 2801.99, "end": 2802.65, "word": " strongly", "probability": 0.94091796875 }, { "start": 2802.65, "end": 2803.15, "word": " performing", "probability": 0.9853515625 }, { "start": 2803.15, "end": 2803.55, "word": " asset.", "probability": 0.99951171875 } ] }, { "start": 2803.87, "end": 2809.35, "text": "Yeah. And at the same time, giving small businesses, which are struggling and are facing an", "speaker_id": "Speaker 2", "words": [ { "start": 2803.87, "end": 2804.15, "word": " Yeah.", "probability": 0.921875 }, { "start": 2804.39, "end": 2804.57, "word": " And", "probability": 0.98876953125 }, { "start": 2804.57, "end": 2804.79, "word": " at", "probability": 0.998046875 }, { "start": 2804.79, "end": 2804.93, "word": " the", "probability": 1.0 }, { "start": 2804.93, "end": 2805.13, "word": " same", "probability": 1.0 }, { "start": 2805.13, "end": 2805.51, "word": " time,", "probability": 1.0 }, { "start": 2805.71, "end": 2805.85, "word": " giving", "probability": 0.9990234375 }, { "start": 2805.85, "end": 2806.21, "word": " small", "probability": 1.0 }, { "start": 2806.21, "end": 2806.71, "word": " businesses,", "probability": 1.0 }, { "start": 2806.71, "end": 2807.09, "word": " which", "probability": 1.0 }, { "start": 2807.09, "end": 2807.23, "word": " are", "probability": 1.0 }, { "start": 2807.23, "end": 2807.71, "word": " struggling", "probability": 1.0 }, { "start": 2807.71, "end": 2808.57, "word": " and", "probability": 0.9169921875 }, { "start": 2808.57, "end": 2808.75, "word": " are", "probability": 1.0 }, { "start": 2808.75, "end": 2809.15, "word": " facing", "probability": 1.0 }, { "start": 2809.15, "end": 2809.35, "word": " an", "probability": 1.0 } ] }, { "start": 2809.35, "end": 2812.17, "text": "environment, which is going to be really tough, if you look at interest rates or you look", "speaker_id": "Speaker 2", "words": [ { "start": 2809.35, "end": 2809.71, "word": " environment,", "probability": 1.0 }, { "start": 2809.85, "end": 2809.95, "word": " which", "probability": 1.0 }, { "start": 2809.95, "end": 2810.07, "word": " is", "probability": 1.0 }, { "start": 2810.07, "end": 2810.15, "word": " going", "probability": 0.97509765625 }, { "start": 2810.15, "end": 2810.21, "word": " to", "probability": 1.0 }, { "start": 2810.21, "end": 2810.29, "word": " be", "probability": 1.0 }, { "start": 2810.29, "end": 2810.49, "word": " really", "probability": 1.0 }, { "start": 2810.49, "end": 2810.91, "word": " tough,", "probability": 1.0 }, { "start": 2811.11, "end": 2811.15, "word": " if", "probability": 1.0 }, { "start": 2811.15, "end": 2811.21, "word": " you", "probability": 1.0 }, { "start": 2811.21, "end": 2811.31, "word": " look", "probability": 0.99951171875 }, { "start": 2811.31, "end": 2811.39, "word": " at", "probability": 1.0 }, { "start": 2811.39, "end": 2811.61, "word": " interest", "probability": 1.0 }, { "start": 2811.61, "end": 2811.85, "word": " rates", "probability": 1.0 }, { "start": 2811.85, "end": 2811.95, "word": " or", "probability": 0.98388671875 }, { "start": 2811.95, "end": 2812.01, "word": " you", "probability": 0.99462890625 }, { "start": 2812.01, "end": 2812.17, "word": " look", "probability": 0.9609375 } ] }, { "start": 2812.17, "end": 2816.99, "text": "at devaluation, and giving them an option other than private equity, which for many people", "speaker_id": "Speaker 2", "words": [ { "start": 2812.17, "end": 2812.27, "word": " at", "probability": 1.0 }, { "start": 2812.27, "end": 2812.89, "word": " devaluation,", "probability": 0.9993489583333334 }, { "start": 2813.29, "end": 2814.07, "word": " and", "probability": 0.998046875 }, { "start": 2814.07, "end": 2814.33, "word": " giving", "probability": 0.99951171875 }, { "start": 2814.33, "end": 2814.61, "word": " them", "probability": 1.0 }, { "start": 2814.61, "end": 2814.79, "word": " an", "probability": 0.99951171875 }, { "start": 2814.79, "end": 2815.01, "word": " option", "probability": 0.99951171875 }, { "start": 2815.01, "end": 2815.31, "word": " other", "probability": 1.0 }, { "start": 2815.31, "end": 2815.53, "word": " than", "probability": 1.0 }, { "start": 2815.53, "end": 2815.81, "word": " private", "probability": 1.0 }, { "start": 2815.81, "end": 2816.15, "word": " equity,", "probability": 1.0 }, { "start": 2816.35, "end": 2816.45, "word": " which", "probability": 1.0 }, { "start": 2816.45, "end": 2816.57, "word": " for", "probability": 0.98388671875 }, { "start": 2816.57, "end": 2816.75, "word": " many", "probability": 0.99951171875 }, { "start": 2816.75, "end": 2816.99, "word": " people", "probability": 0.99951171875 } ] }, { "start": 2816.99, "end": 2822.51, "text": "is not the answer. So really fascinating stuff. It certainly feels that we're kind of", "speaker_id": "Speaker 2", "words": [ { "start": 2816.99, "end": 2817.21, "word": " is", "probability": 0.99951171875 }, { "start": 2817.21, "end": 2817.67, "word": " not", "probability": 0.99951171875 }, { "start": 2817.67, "end": 2817.83, "word": " the", "probability": 0.99267578125 }, { "start": 2817.83, "end": 2818.17, "word": " answer.", "probability": 1.0 }, { "start": 2818.47, "end": 2818.69, "word": " So", "probability": 0.9921875 }, { "start": 2818.69, "end": 2819.39, "word": " really", "probability": 0.95263671875 }, { "start": 2819.39, "end": 2819.99, "word": " fascinating", "probability": 0.802734375 }, { "start": 2819.99, "end": 2820.39, "word": " stuff.", "probability": 1.0 }, { "start": 2820.61, "end": 2821.05, "word": " It", "probability": 1.0 }, { "start": 2821.05, "end": 2821.45, "word": " certainly", "probability": 1.0 }, { "start": 2821.45, "end": 2821.89, "word": " feels", "probability": 1.0 }, { "start": 2821.89, "end": 2822.11, "word": " that", "probability": 0.9990234375 }, { "start": 2822.11, "end": 2822.27, "word": " we're", "probability": 1.0 }, { "start": 2822.27, "end": 2822.39, "word": " kind", "probability": 0.95458984375 }, { "start": 2822.39, "end": 2822.51, "word": " of", "probability": 0.99951171875 } ] }, { "start": 2822.51, "end": 2826.31, "text": "living in a sci -fi movie right now. I mean, I just was reading all these headlines about", "speaker_id": "Speaker 2", "words": [ { "start": 2822.51, "end": 2822.75, "word": " living", "probability": 0.99951171875 }, { "start": 2822.75, "end": 2822.93, "word": " in", "probability": 1.0 }, { "start": 2822.93, "end": 2823.25, "word": " a", "probability": 1.0 }, { "start": 2823.25, "end": 2823.51, "word": " sci", "probability": 0.99951171875 }, { "start": 2823.51, "end": 2823.73, "word": "-fi", "probability": 0.998779296875 }, { "start": 2823.73, "end": 2824.03, "word": " movie", "probability": 1.0 }, { "start": 2824.03, "end": 2824.27, "word": " right", "probability": 1.0 }, { "start": 2824.27, "end": 2824.53, "word": " now.", "probability": 1.0 }, { "start": 2824.65, "end": 2824.71, "word": " I", "probability": 1.0 }, { "start": 2824.71, "end": 2824.77, "word": " mean,", "probability": 0.951171875 }, { "start": 2824.83, "end": 2824.89, "word": " I", "probability": 0.99951171875 }, { "start": 2824.89, "end": 2825.05, "word": " just", "probability": 0.9970703125 }, { "start": 2825.05, "end": 2825.23, "word": " was", "probability": 1.0 }, { "start": 2825.23, "end": 2825.41, "word": " reading", "probability": 0.90478515625 }, { "start": 2825.41, "end": 2825.57, "word": " all", "probability": 0.9990234375 }, { "start": 2825.57, "end": 2825.75, "word": " these", "probability": 0.97998046875 }, { "start": 2825.75, "end": 2826.07, "word": " headlines", "probability": 0.99951171875 }, { "start": 2826.07, "end": 2826.31, "word": " about", "probability": 0.9990234375 } ] }, { "start": 2826.31, "end": 2831.83, "text": "AI agents. And I think we all have this weird sensation when you were writing your novel,", "speaker_id": "Speaker 2", "words": [ { "start": 2826.31, "end": 2826.61, "word": " AI", "probability": 0.96484375 }, { "start": 2826.61, "end": 2827.21, "word": " agents.", "probability": 0.99951171875 }, { "start": 2827.31, "end": 2827.57, "word": " And", "probability": 0.9765625 }, { "start": 2827.57, "end": 2828.03, "word": " I", "probability": 0.9990234375 }, { "start": 2828.03, "end": 2828.13, "word": " think", "probability": 1.0 }, { "start": 2828.13, "end": 2828.25, "word": " we", "probability": 1.0 }, { "start": 2828.25, "end": 2828.41, "word": " all", "probability": 1.0 }, { "start": 2828.41, "end": 2828.63, "word": " have", "probability": 1.0 }, { "start": 2828.63, "end": 2828.81, "word": " this", "probability": 1.0 }, { "start": 2828.81, "end": 2829.15, "word": " weird", "probability": 0.99951171875 }, { "start": 2829.15, "end": 2829.81, "word": " sensation", "probability": 1.0 }, { "start": 2830.33, "end": 2830.73, "word": " when", "probability": 0.233154296875 }, { "start": 2830.73, "end": 2830.91, "word": " you", "probability": 1.0 }, { "start": 2830.91, "end": 2831.07, "word": " were", "probability": 0.998046875 }, { "start": 2831.07, "end": 2831.31, "word": " writing", "probability": 1.0 }, { "start": 2831.31, "end": 2831.51, "word": " your", "probability": 0.99951171875 }, { "start": 2831.51, "end": 2831.83, "word": " novel,", "probability": 0.99951171875 } ] }, { "start": 2832.01, "end": 2837.07, "text": "because as most people know, you are a published author of a sci -fi novel. Uh, if, if you", "speaker_id": "Speaker 2", "words": [ { "start": 2832.01, "end": 2832.21, "word": " because", "probability": 1.0 }, { "start": 2832.21, "end": 2832.53, "word": " as", "probability": 0.9921875 }, { "start": 2832.53, "end": 2832.75, "word": " most", "probability": 0.99951171875 }, { "start": 2832.75, "end": 2832.95, "word": " people", "probability": 0.99951171875 }, { "start": 2832.95, "end": 2833.23, "word": " know,", "probability": 1.0 }, { "start": 2833.39, "end": 2833.51, "word": " you", "probability": 0.99951171875 }, { "start": 2833.51, "end": 2833.69, "word": " are", "probability": 1.0 }, { "start": 2833.69, "end": 2833.83, "word": " a", "probability": 0.99951171875 }, { "start": 2833.83, "end": 2834.17, "word": " published", "probability": 0.9990234375 }, { "start": 2834.17, "end": 2834.49, "word": " author", "probability": 1.0 }, { "start": 2834.49, "end": 2834.73, "word": " of", "probability": 1.0 }, { "start": 2834.73, "end": 2834.81, "word": " a", "probability": 0.99853515625 }, { "start": 2834.81, "end": 2834.97, "word": " sci", "probability": 0.9951171875 }, { "start": 2834.97, "end": 2835.15, "word": "-fi", "probability": 0.9814453125 }, { "start": 2835.15, "end": 2835.85, "word": " novel.", "probability": 0.99951171875 }, { "start": 2836.07, "end": 2836.43, "word": " Uh,", "probability": 0.46044921875 }, { "start": 2836.53, "end": 2836.71, "word": " if,", "probability": 0.99951171875 }, { "start": 2836.75, "end": 2836.91, "word": " if", "probability": 1.0 }, { "start": 2836.91, "end": 2837.07, "word": " you", "probability": 1.0 } ] }, { "start": 2837.07, "end": 2841.37, "text": "describe it as that, you tell us, um, when you were writing the Stolgard incident, did your", "speaker_id": "Speaker 2", "words": [ { "start": 2837.07, "end": 2837.49, "word": " describe", "probability": 0.9794921875 }, { "start": 2837.49, "end": 2837.59, "word": " it", "probability": 0.99951171875 }, { "start": 2837.59, "end": 2837.71, "word": " as", "probability": 0.99658203125 }, { "start": 2837.71, "end": 2837.83, "word": " that,", "probability": 0.99951171875 }, { "start": 2837.89, "end": 2837.97, "word": " you", "probability": 0.99951171875 }, { "start": 2837.97, "end": 2838.13, "word": " tell", "probability": 0.9853515625 }, { "start": 2838.13, "end": 2838.49, "word": " us,", "probability": 1.0 }, { "start": 2838.59, "end": 2839.13, "word": " um,", "probability": 0.99853515625 }, { "start": 2839.31, "end": 2839.51, "word": " when", "probability": 1.0 }, { "start": 2839.51, "end": 2839.59, "word": " you", "probability": 1.0 }, { "start": 2839.59, "end": 2839.71, "word": " were", "probability": 1.0 }, { "start": 2839.71, "end": 2839.99, "word": " writing", "probability": 1.0 }, { "start": 2839.99, "end": 2840.19, "word": " the", "probability": 0.953125 }, { "start": 2840.19, "end": 2840.53, "word": " Stolgard", "probability": 0.7325032552083334 }, { "start": 2840.53, "end": 2840.93, "word": " incident,", "probability": 0.88134765625 }, { "start": 2841.09, "end": 2841.19, "word": " did", "probability": 1.0 }, { "start": 2841.19, "end": 2841.37, "word": " your", "probability": 1.0 } ] }, { "start": 2841.37, "end": 2845.99, "text": "macro view influence the book or did the process of writing the book and sort of thinking", "speaker_id": "Speaker 2", "words": [ { "start": 2841.37, "end": 2841.83, "word": " macro", "probability": 0.9990234375 }, { "start": 2841.83, "end": 2842.35, "word": " view", "probability": 1.0 }, { "start": 2842.35, "end": 2843.05, "word": " influence", "probability": 0.9970703125 }, { "start": 2843.05, "end": 2843.29, "word": " the", "probability": 1.0 }, { "start": 2843.29, "end": 2843.65, "word": " book", "probability": 1.0 }, { "start": 2843.65, "end": 2843.83, "word": " or", "probability": 0.99462890625 }, { "start": 2843.83, "end": 2843.95, "word": " did", "probability": 0.9990234375 }, { "start": 2843.95, "end": 2844.07, "word": " the", "probability": 1.0 }, { "start": 2844.07, "end": 2844.45, "word": " process", "probability": 0.99951171875 }, { "start": 2844.45, "end": 2844.67, "word": " of", "probability": 1.0 }, { "start": 2844.67, "end": 2844.89, "word": " writing", "probability": 1.0 }, { "start": 2844.89, "end": 2845.03, "word": " the", "probability": 1.0 }, { "start": 2845.03, "end": 2845.27, "word": " book", "probability": 1.0 }, { "start": 2845.27, "end": 2845.43, "word": " and", "probability": 0.99951171875 }, { "start": 2845.43, "end": 2845.55, "word": " sort", "probability": 0.99951171875 }, { "start": 2845.55, "end": 2845.67, "word": " of", "probability": 1.0 }, { "start": 2845.67, "end": 2845.99, "word": " thinking", "probability": 1.0 } ] }, { "start": 2845.99, "end": 2849.43, "text": "about living in the future impact your macro thinking at all?", "speaker_id": "Speaker 2", "words": [ { "start": 2845.99, "end": 2846.27, "word": " about", "probability": 1.0 }, { "start": 2846.27, "end": 2846.53, "word": " living", "probability": 1.0 }, { "start": 2846.53, "end": 2846.69, "word": " in", "probability": 1.0 }, { "start": 2846.69, "end": 2846.79, "word": " the", "probability": 1.0 }, { "start": 2846.79, "end": 2847.17, "word": " future", "probability": 1.0 }, { "start": 2847.17, "end": 2848.03, "word": " impact", "probability": 0.89306640625 }, { "start": 2848.03, "end": 2848.33, "word": " your", "probability": 0.9990234375 }, { "start": 2848.33, "end": 2848.67, "word": " macro", "probability": 0.998046875 }, { "start": 2848.67, "end": 2848.97, "word": " thinking", "probability": 0.99951171875 }, { "start": 2848.97, "end": 2849.23, "word": " at", "probability": 1.0 }, { "start": 2849.23, "end": 2849.43, "word": " all?", "probability": 1.0 } ] }, { "start": 2849.67, "end": 2854.73, "text": "Uh, good question. I would say both to some degree. So when I do investing, because I come", "speaker_id": "Speaker 1", "words": [ { "start": 2849.67, "end": 2849.93, "word": " Uh,", "probability": 0.9619140625 }, { "start": 2850.09, "end": 2850.27, "word": " good", "probability": 0.9990234375 }, { "start": 2850.27, "end": 2850.53, "word": " question.", "probability": 1.0 }, { "start": 2850.53, "end": 2850.67, "word": " I", "probability": 0.974609375 }, { "start": 2850.67, "end": 2850.77, "word": " would", "probability": 0.99951171875 }, { "start": 2850.77, "end": 2850.93, "word": " say", "probability": 1.0 }, { "start": 2850.93, "end": 2851.29, "word": " both", "probability": 0.99951171875 }, { "start": 2851.29, "end": 2851.43, "word": " to", "probability": 0.994140625 }, { "start": 2851.43, "end": 2851.57, "word": " some", "probability": 1.0 }, { "start": 2851.57, "end": 2851.83, "word": " degree.", "probability": 0.99951171875 }, { "start": 2852.03, "end": 2852.07, "word": " So", "probability": 0.85791015625 }, { "start": 2852.07, "end": 2852.39, "word": " when", "probability": 0.96337890625 }, { "start": 2852.39, "end": 2852.59, "word": " I", "probability": 1.0 }, { "start": 2852.59, "end": 2853.09, "word": " do", "probability": 1.0 }, { "start": 2853.09, "end": 2853.71, "word": " investing,", "probability": 1.0 }, { "start": 2853.95, "end": 2854.07, "word": " because", "probability": 0.98095703125 }, { "start": 2854.07, "end": 2854.23, "word": " I", "probability": 1.0 }, { "start": 2854.23, "end": 2854.73, "word": " come", "probability": 0.99169921875 } ] }, { "start": 2854.73, "end": 2858.97, "text": "from a background that blends engineering and finance. And so naturally, when I think about", "speaker_id": "Speaker 1", "words": [ { "start": 2854.73, "end": 2854.91, "word": " from", "probability": 1.0 }, { "start": 2854.91, "end": 2855.05, "word": " a", "probability": 0.99658203125 }, { "start": 2855.05, "end": 2855.25, "word": " background", "probability": 1.0 }, { "start": 2855.25, "end": 2855.43, "word": " that", "probability": 1.0 }, { "start": 2855.43, "end": 2855.75, "word": " blends", "probability": 0.99951171875 }, { "start": 2855.75, "end": 2856.17, "word": " engineering", "probability": 1.0 }, { "start": 2856.17, "end": 2856.35, "word": " and", "probability": 1.0 }, { "start": 2856.35, "end": 2856.81, "word": " finance.", "probability": 1.0 }, { "start": 2857.03, "end": 2857.43, "word": " And", "probability": 0.9951171875 }, { "start": 2857.43, "end": 2857.57, "word": " so", "probability": 1.0 }, { "start": 2857.57, "end": 2857.91, "word": " naturally,", "probability": 0.98583984375 }, { "start": 2858.07, "end": 2858.15, "word": " when", "probability": 1.0 }, { "start": 2858.15, "end": 2858.27, "word": " I", "probability": 1.0 }, { "start": 2858.27, "end": 2858.77, "word": " think", "probability": 0.9140625 }, { "start": 2858.77, "end": 2858.97, "word": " about", "probability": 1.0 } ] }, { "start": 2858.97, "end": 2863.35, "text": "the future, I think about the path of tech adoption in addition to all the financial", "speaker_id": "Speaker 1", "words": [ { "start": 2858.97, "end": 2859.11, "word": " the", "probability": 1.0 }, { "start": 2859.11, "end": 2859.41, "word": " future,", "probability": 1.0 }, { "start": 2859.57, "end": 2859.73, "word": " I", "probability": 1.0 }, { "start": 2859.73, "end": 2860.05, "word": " think", "probability": 1.0 }, { "start": 2860.05, "end": 2860.31, "word": " about", "probability": 1.0 }, { "start": 2860.31, "end": 2860.47, "word": " the", "probability": 1.0 }, { "start": 2860.47, "end": 2860.79, "word": " path", "probability": 1.0 }, { "start": 2860.79, "end": 2860.95, "word": " of", "probability": 1.0 }, { "start": 2860.95, "end": 2861.19, "word": " tech", "probability": 1.0 }, { "start": 2861.19, "end": 2861.65, "word": " adoption", "probability": 1.0 }, { "start": 2861.65, "end": 2862.29, "word": " in", "probability": 0.79296875 }, { "start": 2862.29, "end": 2862.59, "word": " addition", "probability": 1.0 }, { "start": 2862.59, "end": 2862.81, "word": " to", "probability": 1.0 }, { "start": 2862.81, "end": 2862.91, "word": " all", "probability": 1.0 }, { "start": 2862.91, "end": 2863.03, "word": " the", "probability": 1.0 }, { "start": 2863.03, "end": 2863.35, "word": " financial", "probability": 1.0 } ] }, { "start": 2863.35, "end": 2864.53, "text": "considerations I'm doing.", "speaker_id": "Speaker 1", "words": [ { "start": 2863.35, "end": 2863.95, "word": " considerations", "probability": 1.0 }, { "start": 2863.95, "end": 2864.23, "word": " I'm", "probability": 1.0 }, { "start": 2864.23, "end": 2864.53, "word": " doing.", "probability": 1.0 } ] }, { "start": 2865.99, "end": 2871.11, "text": "But from an investing standpoint, really kind of like three to five -year time horizons or", "speaker_id": "Speaker 1", "words": [ { "start": 2865.99, "end": 2866.39, "word": " But", "probability": 0.99951171875 }, { "start": 2866.39, "end": 2866.79, "word": " from", "probability": 0.72314453125 }, { "start": 2866.79, "end": 2866.93, "word": " an", "probability": 0.96435546875 }, { "start": 2866.93, "end": 2867.21, "word": " investing", "probability": 0.9990234375 }, { "start": 2867.21, "end": 2867.75, "word": " standpoint,", "probability": 1.0 }, { "start": 2868.05, "end": 2868.23, "word": " really", "probability": 0.99951171875 }, { "start": 2868.23, "end": 2868.43, "word": " kind", "probability": 0.98486328125 }, { "start": 2868.43, "end": 2868.51, "word": " of", "probability": 1.0 }, { "start": 2868.51, "end": 2868.65, "word": " like", "probability": 0.99853515625 }, { "start": 2868.65, "end": 2868.91, "word": " three", "probability": 0.98388671875 }, { "start": 2868.91, "end": 2869.03, "word": " to", "probability": 0.751953125 }, { "start": 2869.03, "end": 2869.35, "word": " five", "probability": 1.0 }, { "start": 2869.35, "end": 2869.53, "word": "-year", "probability": 0.893798828125 }, { "start": 2869.53, "end": 2869.81, "word": " time", "probability": 0.99951171875 }, { "start": 2869.81, "end": 2870.37, "word": " horizons", "probability": 0.999755859375 }, { "start": 2870.37, "end": 2871.11, "word": " or", "probability": 0.9609375 } ] }, { "start": 2871.11, "end": 2875.95, "text": "10 -year time horizons if you're doing venture or buying a whole business, that's about as", "speaker_id": "Speaker 1", "words": [ { "start": 2871.11, "end": 2871.85, "word": " 10", "probability": 0.9150390625 }, { "start": 2871.85, "end": 2872.05, "word": "-year", "probability": 1.0 }, { "start": 2872.05, "end": 2872.31, "word": " time", "probability": 1.0 }, { "start": 2872.31, "end": 2872.73, "word": " horizons", "probability": 0.99951171875 }, { "start": 2872.73, "end": 2872.89, "word": " if", "probability": 0.94775390625 }, { "start": 2872.89, "end": 2873.09, "word": " you're", "probability": 1.0 }, { "start": 2873.09, "end": 2873.43, "word": " doing", "probability": 1.0 }, { "start": 2873.43, "end": 2873.77, "word": " venture", "probability": 0.99951171875 }, { "start": 2873.77, "end": 2873.99, "word": " or", "probability": 1.0 }, { "start": 2873.99, "end": 2874.23, "word": " buying", "probability": 1.0 }, { "start": 2874.23, "end": 2874.33, "word": " a", "probability": 1.0 }, { "start": 2874.33, "end": 2874.45, "word": " whole", "probability": 0.99951171875 }, { "start": 2874.45, "end": 2874.89, "word": " business,", "probability": 1.0 }, { "start": 2875.07, "end": 2875.67, "word": " that's", "probability": 0.999755859375 }, { "start": 2875.67, "end": 2875.81, "word": " about", "probability": 1.0 }, { "start": 2875.81, "end": 2875.95, "word": " as", "probability": 1.0 } ] }, { "start": 2875.95, "end": 2879.65, "text": "far as someone can realistically look out and have a thesis. And that's really when the", "speaker_id": "Speaker 1", "words": [ { "start": 2875.95, "end": 2876.25, "word": " far", "probability": 1.0 }, { "start": 2876.25, "end": 2876.41, "word": " as", "probability": 1.0 }, { "start": 2876.41, "end": 2876.57, "word": " someone", "probability": 0.99951171875 }, { "start": 2876.57, "end": 2876.73, "word": " can", "probability": 0.99853515625 }, { "start": 2876.73, "end": 2877.23, "word": " realistically", "probability": 0.99951171875 }, { "start": 2877.23, "end": 2877.89, "word": " look", "probability": 1.0 }, { "start": 2877.89, "end": 2878.09, "word": " out", "probability": 1.0 }, { "start": 2878.09, "end": 2878.23, "word": " and", "probability": 1.0 }, { "start": 2878.23, "end": 2878.35, "word": " have", "probability": 1.0 }, { "start": 2878.35, "end": 2878.47, "word": " a", "probability": 1.0 }, { "start": 2878.47, "end": 2878.75, "word": " thesis.", "probability": 1.0 }, { "start": 2878.75, "end": 2878.97, "word": " And", "probability": 0.62060546875 }, { "start": 2878.97, "end": 2879.15, "word": " that's", "probability": 0.999267578125 }, { "start": 2879.15, "end": 2879.33, "word": " really", "probability": 1.0 }, { "start": 2879.33, "end": 2879.49, "word": " when", "probability": 0.9921875 }, { "start": 2879.49, "end": 2879.65, "word": " the", "probability": 0.5859375 } ] }, { "start": 2879.65, "end": 2881.73, "text": "investment should should really have worked out or not.", "speaker_id": "Speaker 1", "words": [ { "start": 2879.65, "end": 2879.97, "word": " investment", "probability": 0.99951171875 }, { "start": 2879.97, "end": 2880.27, "word": " should", "probability": 0.99951171875 }, { "start": 2880.27, "end": 2880.47, "word": " should", "probability": 0.107177734375 }, { "start": 2880.47, "end": 2880.75, "word": " really", "probability": 1.0 }, { "start": 2880.75, "end": 2880.97, "word": " have", "probability": 1.0 }, { "start": 2880.97, "end": 2881.21, "word": " worked", "probability": 1.0 }, { "start": 2881.21, "end": 2881.37, "word": " out", "probability": 1.0 }, { "start": 2881.37, "end": 2881.51, "word": " or", "probability": 1.0 }, { "start": 2881.51, "end": 2881.73, "word": " not.", "probability": 1.0 } ] }, { "start": 2883.99, "end": 2888.71, "text": "And whereas when you want to think about much farther ahead, I've definitely found that", "speaker_id": "Speaker 1", "words": [ { "start": 2883.99, "end": 2884.39, "word": " And", "probability": 0.7763671875 }, { "start": 2884.39, "end": 2884.79, "word": " whereas", "probability": 0.9990234375 }, { "start": 2884.79, "end": 2885.03, "word": " when", "probability": 0.99755859375 }, { "start": 2885.03, "end": 2885.11, "word": " you", "probability": 1.0 }, { "start": 2885.11, "end": 2885.23, "word": " want", "probability": 1.0 }, { "start": 2885.23, "end": 2885.37, "word": " to", "probability": 1.0 }, { "start": 2885.37, "end": 2885.61, "word": " think", "probability": 1.0 }, { "start": 2885.61, "end": 2885.91, "word": " about", "probability": 1.0 }, { "start": 2885.91, "end": 2886.67, "word": " much", "probability": 1.0 }, { "start": 2886.67, "end": 2887.03, "word": " farther", "probability": 0.99755859375 }, { "start": 2887.03, "end": 2887.47, "word": " ahead,", "probability": 1.0 }, { "start": 2887.81, "end": 2888.15, "word": " I've", "probability": 0.999267578125 }, { "start": 2888.15, "end": 2888.33, "word": " definitely", "probability": 0.351806640625 }, { "start": 2888.33, "end": 2888.57, "word": " found", "probability": 1.0 }, { "start": 2888.57, "end": 2888.71, "word": " that", "probability": 0.99267578125 } ] }, { "start": 2888.71, "end": 2891.85, "text": "that fiction is just a more interesting way to express that.", "speaker_id": "Speaker 1", "words": [ { "start": 2888.71, "end": 2888.87, "word": " that", "probability": 0.7666015625 }, { "start": 2888.87, "end": 2889.19, "word": " fiction", "probability": 1.0 }, { "start": 2889.19, "end": 2889.39, "word": " is", "probability": 1.0 }, { "start": 2889.39, "end": 2889.51, "word": " just", "probability": 1.0 }, { "start": 2889.51, "end": 2889.61, "word": " a", "probability": 0.89892578125 }, { "start": 2889.61, "end": 2889.75, "word": " more", "probability": 0.99951171875 }, { "start": 2889.75, "end": 2890.03, "word": " interesting", "probability": 0.99951171875 }, { "start": 2890.03, "end": 2890.97, "word": " way", "probability": 1.0 }, { "start": 2890.97, "end": 2891.11, "word": " to", "probability": 1.0 }, { "start": 2891.11, "end": 2891.49, "word": " express", "probability": 1.0 }, { "start": 2891.49, "end": 2891.85, "word": " that.", "probability": 1.0 } ] }, { "start": 2893.21, "end": 2898.75, "text": "And that can eventually come back and feed into the present, which is, OK, if the world", "speaker_id": "Speaker 1", "words": [ { "start": 2893.21, "end": 2893.61, "word": " And", "probability": 0.99951171875 }, { "start": 2893.61, "end": 2893.91, "word": " that", "probability": 1.0 }, { "start": 2893.91, "end": 2894.15, "word": " can", "probability": 1.0 }, { "start": 2894.15, "end": 2895.15, "word": " eventually", "probability": 0.46435546875 }, { "start": 2895.15, "end": 2895.51, "word": " come", "probability": 1.0 }, { "start": 2895.51, "end": 2895.81, "word": " back", "probability": 1.0 }, { "start": 2895.81, "end": 2896.19, "word": " and", "probability": 1.0 }, { "start": 2896.19, "end": 2896.53, "word": " feed", "probability": 1.0 }, { "start": 2896.53, "end": 2896.73, "word": " into", "probability": 1.0 }, { "start": 2896.73, "end": 2896.85, "word": " the", "probability": 1.0 }, { "start": 2896.85, "end": 2897.23, "word": " present,", "probability": 0.99853515625 }, { "start": 2897.33, "end": 2897.49, "word": " which", "probability": 0.99951171875 }, { "start": 2897.49, "end": 2897.69, "word": " is,", "probability": 0.96826171875 }, { "start": 2897.81, "end": 2897.91, "word": " OK,", "probability": 0.90966796875 }, { "start": 2898.05, "end": 2898.27, "word": " if", "probability": 1.0 }, { "start": 2898.27, "end": 2898.55, "word": " the", "probability": 0.99951171875 }, { "start": 2898.55, "end": 2898.75, "word": " world", "probability": 1.0 } ] }, { "start": 2898.75, "end": 2902.61, "text": "might look like this in 50 years, what is it likely going to look like at the halfway", "speaker_id": "Speaker 1", "words": [ { "start": 2898.75, "end": 2898.91, "word": " might", "probability": 0.9912109375 }, { "start": 2898.91, "end": 2899.05, "word": " look", "probability": 1.0 }, { "start": 2899.05, "end": 2899.21, "word": " like", "probability": 1.0 }, { "start": 2899.21, "end": 2899.45, "word": " this", "probability": 1.0 }, { "start": 2899.45, "end": 2899.59, "word": " in", "probability": 0.99853515625 }, { "start": 2899.59, "end": 2899.83, "word": " 50", "probability": 0.99951171875 }, { "start": 2899.83, "end": 2900.17, "word": " years,", "probability": 1.0 }, { "start": 2900.37, "end": 2900.93, "word": " what", "probability": 1.0 }, { "start": 2900.93, "end": 2901.09, "word": " is", "probability": 1.0 }, { "start": 2901.09, "end": 2901.25, "word": " it", "probability": 1.0 }, { "start": 2901.25, "end": 2901.61, "word": " likely", "probability": 1.0 }, { "start": 2901.61, "end": 2901.79, "word": " going", "probability": 0.97802734375 }, { "start": 2901.79, "end": 2901.81, "word": " to", "probability": 1.0 }, { "start": 2901.81, "end": 2901.95, "word": " look", "probability": 1.0 }, { "start": 2901.95, "end": 2902.13, "word": " like", "probability": 1.0 }, { "start": 2902.13, "end": 2902.23, "word": " at", "probability": 0.99951171875 }, { "start": 2902.23, "end": 2902.31, "word": " the", "probability": 1.0 }, { "start": 2902.31, "end": 2902.61, "word": " halfway", "probability": 1.0 } ] }, { "start": 2902.61, "end": 2907.23, "text": "point? What is it going to look like a quarter of the way there? And that starts to inform", "speaker_id": "Speaker 1", "words": [ { "start": 2902.61, "end": 2903.03, "word": " point?", "probability": 1.0 }, { "start": 2903.17, "end": 2903.37, "word": " What", "probability": 0.92236328125 }, { "start": 2903.37, "end": 2903.51, "word": " is", "probability": 0.99462890625 }, { "start": 2903.51, "end": 2903.61, "word": " it", "probability": 0.9970703125 }, { "start": 2903.61, "end": 2903.75, "word": " going", "probability": 0.96826171875 }, { "start": 2903.75, "end": 2903.75, "word": " to", "probability": 0.99951171875 }, { "start": 2903.75, "end": 2903.87, "word": " look", "probability": 1.0 }, { "start": 2903.87, "end": 2904.01, "word": " like", "probability": 1.0 }, { "start": 2904.01, "end": 2904.15, "word": " a", "probability": 0.99853515625 }, { "start": 2904.15, "end": 2904.43, "word": " quarter", "probability": 1.0 }, { "start": 2904.43, "end": 2904.61, "word": " of", "probability": 0.99951171875 }, { "start": 2904.61, "end": 2904.63, "word": " the", "probability": 1.0 }, { "start": 2904.63, "end": 2904.77, "word": " way", "probability": 1.0 }, { "start": 2904.77, "end": 2905.11, "word": " there?", "probability": 1.0 }, { "start": 2905.41, "end": 2905.81, "word": " And", "probability": 1.0 }, { "start": 2905.81, "end": 2905.95, "word": " that", "probability": 1.0 }, { "start": 2905.95, "end": 2906.23, "word": " starts", "probability": 1.0 }, { "start": 2906.23, "end": 2906.41, "word": " to", "probability": 1.0 }, { "start": 2906.41, "end": 2907.23, "word": " inform", "probability": 1.0 } ] }, { "start": 2907.23, "end": 2911.91, "text": "certain things. um and you know i i would separate i mean part of it is just entertainment", "speaker_id": "Speaker 1", "words": [ { "start": 2907.23, "end": 2907.55, "word": " certain", "probability": 1.0 }, { "start": 2907.55, "end": 2907.95, "word": " things.", "probability": 1.0 }, { "start": 2908.75, "end": 2908.75, "word": " um", "probability": 0.049713134765625 }, { "start": 2908.75, "end": 2909.47, "word": " and", "probability": 0.9970703125 }, { "start": 2909.47, "end": 2909.73, "word": " you", "probability": 1.0 }, { "start": 2909.73, "end": 2909.77, "word": " know", "probability": 1.0 }, { "start": 2909.77, "end": 2909.99, "word": " i", "probability": 0.73388671875 }, { "start": 2909.99, "end": 2910.15, "word": " i", "probability": 0.8671875 }, { "start": 2910.15, "end": 2910.29, "word": " would", "probability": 0.9775390625 }, { "start": 2910.29, "end": 2910.53, "word": " separate", "probability": 0.9970703125 }, { "start": 2910.53, "end": 2910.65, "word": " i", "probability": 0.99853515625 }, { "start": 2910.65, "end": 2910.71, "word": " mean", "probability": 1.0 }, { "start": 2910.71, "end": 2911.07, "word": " part", "probability": 1.0 }, { "start": 2911.07, "end": 2911.17, "word": " of", "probability": 1.0 }, { "start": 2911.17, "end": 2911.25, "word": " it", "probability": 1.0 }, { "start": 2911.25, "end": 2911.33, "word": " is", "probability": 1.0 }, { "start": 2911.33, "end": 2911.45, "word": " just", "probability": 1.0 }, { "start": 2911.45, "end": 2911.91, "word": " entertainment", "probability": 1.0 } ] }, { "start": 2911.91, "end": 2918.55, "text": "right so i i previously wrote broken money that's non -fiction um uh and in this case i for", "speaker_id": "Speaker 1", "words": [ { "start": 2911.91, "end": 2912.31, "word": " right", "probability": 1.0 }, { "start": 2912.31, "end": 2912.55, "word": " so", "probability": 1.0 }, { "start": 2912.55, "end": 2912.73, "word": " i", "probability": 1.0 }, { "start": 2912.73, "end": 2912.91, "word": " i", "probability": 0.9970703125 }, { "start": 2912.91, "end": 2913.35, "word": " previously", "probability": 1.0 }, { "start": 2913.35, "end": 2913.71, "word": " wrote", "probability": 1.0 }, { "start": 2913.71, "end": 2914.07, "word": " broken", "probability": 0.9990234375 }, { "start": 2914.07, "end": 2914.35, "word": " money", "probability": 0.99951171875 }, { "start": 2914.35, "end": 2914.61, "word": " that's", "probability": 1.0 }, { "start": 2914.61, "end": 2914.79, "word": " non", "probability": 1.0 }, { "start": 2914.79, "end": 2915.17, "word": "-fiction", "probability": 0.99658203125 }, { "start": 2915.17, "end": 2916.19, "word": " um", "probability": 0.998046875 }, { "start": 2916.19, "end": 2916.67, "word": " uh", "probability": 0.85791015625 }, { "start": 2916.67, "end": 2917.11, "word": " and", "probability": 1.0 }, { "start": 2917.11, "end": 2917.29, "word": " in", "probability": 1.0 }, { "start": 2917.29, "end": 2917.45, "word": " this", "probability": 1.0 }, { "start": 2917.45, "end": 2917.75, "word": " case", "probability": 1.0 }, { "start": 2917.75, "end": 2918.05, "word": " i", "probability": 1.0 }, { "start": 2918.05, "end": 2918.55, "word": " for", "probability": 1.0 } ] }, { "start": 2918.55, "end": 2922.03, "text": "a long time i just had a separate interest you know we all need hobbies and i had a", "speaker_id": "Speaker 1", "words": [ { "start": 2918.55, "end": 2918.71, "word": " a", "probability": 1.0 }, { "start": 2918.71, "end": 2918.87, "word": " long", "probability": 1.0 }, { "start": 2918.87, "end": 2919.13, "word": " time", "probability": 1.0 }, { "start": 2919.13, "end": 2919.29, "word": " i", "probability": 1.0 }, { "start": 2919.29, "end": 2919.39, "word": " just", "probability": 1.0 }, { "start": 2919.39, "end": 2919.51, "word": " had", "probability": 1.0 }, { "start": 2919.51, "end": 2919.63, "word": " a", "probability": 1.0 }, { "start": 2919.63, "end": 2919.97, "word": " separate", "probability": 1.0 }, { "start": 2919.97, "end": 2920.37, "word": " interest", "probability": 1.0 }, { "start": 2920.37, "end": 2920.79, "word": " you", "probability": 1.0 }, { "start": 2920.79, "end": 2920.85, "word": " know", "probability": 1.0 }, { "start": 2920.85, "end": 2920.99, "word": " we", "probability": 1.0 }, { "start": 2920.99, "end": 2921.09, "word": " all", "probability": 1.0 }, { "start": 2921.09, "end": 2921.21, "word": " need", "probability": 0.99951171875 }, { "start": 2921.21, "end": 2921.59, "word": " hobbies", "probability": 1.0 }, { "start": 2921.59, "end": 2921.77, "word": " and", "probability": 1.0 }, { "start": 2921.77, "end": 2921.83, "word": " i", "probability": 1.0 }, { "start": 2921.83, "end": 2921.91, "word": " had", "probability": 1.0 }, { "start": 2921.91, "end": 2922.03, "word": " a", "probability": 0.99951171875 } ] }, { "start": 2922.03, "end": 2927.91, "text": "separate interest and just certain uh narratives certain um concepts that i thought would", "speaker_id": "Speaker 1", "words": [ { "start": 2922.03, "end": 2922.33, "word": " separate", "probability": 1.0 }, { "start": 2922.33, "end": 2922.67, "word": " interest", "probability": 1.0 }, { "start": 2922.67, "end": 2922.93, "word": " and", "probability": 0.51171875 }, { "start": 2922.93, "end": 2923.13, "word": " just", "probability": 1.0 }, { "start": 2923.13, "end": 2924.17, "word": " certain", "probability": 1.0 }, { "start": 2924.17, "end": 2924.47, "word": " uh", "probability": 0.99658203125 }, { "start": 2924.47, "end": 2925.11, "word": " narratives", "probability": 1.0 }, { "start": 2925.11, "end": 2925.67, "word": " certain", "probability": 1.0 }, { "start": 2925.67, "end": 2926.15, "word": " um", "probability": 0.9990234375 }, { "start": 2926.15, "end": 2927.21, "word": " concepts", "probability": 1.0 }, { "start": 2927.21, "end": 2927.55, "word": " that", "probability": 1.0 }, { "start": 2927.55, "end": 2927.65, "word": " i", "probability": 0.99951171875 }, { "start": 2927.65, "end": 2927.79, "word": " thought", "probability": 0.99951171875 }, { "start": 2927.79, "end": 2927.91, "word": " would", "probability": 1.0 } ] }, { "start": 2927.91, "end": 2933.59, "text": "just be fun to explore uh and so unlike a lot of like sci -fi sometimes is uh described as", "speaker_id": "Speaker 1", "words": [ { "start": 2927.91, "end": 2928.01, "word": " just", "probability": 0.99951171875 }, { "start": 2928.01, "end": 2928.13, "word": " be", "probability": 1.0 }, { "start": 2928.13, "end": 2928.35, "word": " fun", "probability": 1.0 }, { "start": 2928.35, "end": 2928.51, "word": " to", "probability": 1.0 }, { "start": 2928.51, "end": 2928.99, "word": " explore", "probability": 0.99951171875 }, { "start": 2928.99, "end": 2929.77, "word": " uh", "probability": 0.9814453125 }, { "start": 2929.77, "end": 2930.19, "word": " and", "probability": 1.0 }, { "start": 2930.19, "end": 2930.33, "word": " so", "probability": 1.0 }, { "start": 2930.33, "end": 2930.61, "word": " unlike", "probability": 0.99951171875 }, { "start": 2930.61, "end": 2930.77, "word": " a", "probability": 1.0 }, { "start": 2930.77, "end": 2930.85, "word": " lot", "probability": 0.9970703125 }, { "start": 2930.85, "end": 2930.95, "word": " of", "probability": 0.994140625 }, { "start": 2930.95, "end": 2931.19, "word": " like", "probability": 0.9990234375 }, { "start": 2931.19, "end": 2931.43, "word": " sci", "probability": 0.9990234375 }, { "start": 2931.43, "end": 2931.61, "word": "-fi", "probability": 0.99951171875 }, { "start": 2931.61, "end": 2932.09, "word": " sometimes", "probability": 0.99951171875 }, { "start": 2932.09, "end": 2932.55, "word": " is", "probability": 1.0 }, { "start": 2932.55, "end": 2932.91, "word": " uh", "probability": 0.6416015625 }, { "start": 2932.91, "end": 2933.35, "word": " described", "probability": 0.9990234375 }, { "start": 2933.35, "end": 2933.59, "word": " as", "probability": 0.9990234375 } ] }, { "start": 2933.59, "end": 2939.05, "text": "kind of like tech focused or idea focused and is usually weaker on character whereas i i", "speaker_id": "Speaker 1", "words": [ { "start": 2933.59, "end": 2933.75, "word": " kind", "probability": 1.0 }, { "start": 2933.75, "end": 2933.83, "word": " of", "probability": 0.9990234375 }, { "start": 2933.83, "end": 2933.97, "word": " like", "probability": 0.9990234375 }, { "start": 2933.97, "end": 2934.41, "word": " tech", "probability": 0.9990234375 }, { "start": 2934.41, "end": 2934.95, "word": " focused", "probability": 0.98046875 }, { "start": 2934.95, "end": 2935.41, "word": " or", "probability": 1.0 }, { "start": 2935.41, "end": 2935.85, "word": " idea", "probability": 0.99951171875 }, { "start": 2935.85, "end": 2936.29, "word": " focused", "probability": 0.9990234375 }, { "start": 2936.29, "end": 2936.53, "word": " and", "probability": 1.0 }, { "start": 2936.53, "end": 2936.69, "word": " is", "probability": 0.9990234375 }, { "start": 2936.69, "end": 2936.97, "word": " usually", "probability": 0.998046875 }, { "start": 2936.97, "end": 2937.29, "word": " weaker", "probability": 0.953125 }, { "start": 2937.29, "end": 2937.45, "word": " on", "probability": 0.99951171875 }, { "start": 2937.45, "end": 2937.87, "word": " character", "probability": 0.951171875 }, { "start": 2937.87, "end": 2938.61, "word": " whereas", "probability": 0.318359375 }, { "start": 2938.61, "end": 2938.87, "word": " i", "probability": 0.71435546875 }, { "start": 2938.87, "end": 2939.05, "word": " i", "probability": 0.9228515625 } ] }, { "start": 2939.05, "end": 2942.73, "text": "generally actually wrote more toward character driven sci -fi so it's more about the", "speaker_id": "Speaker 1", "words": [ { "start": 2939.05, "end": 2939.27, "word": " generally", "probability": 0.96923828125 }, { "start": 2939.27, "end": 2939.53, "word": " actually", "probability": 1.0 }, { "start": 2939.53, "end": 2939.83, "word": " wrote", "probability": 1.0 }, { "start": 2939.83, "end": 2940.07, "word": " more", "probability": 1.0 }, { "start": 2940.07, "end": 2940.31, "word": " toward", "probability": 0.98388671875 }, { "start": 2940.31, "end": 2940.79, "word": " character", "probability": 1.0 }, { "start": 2940.79, "end": 2941.21, "word": " driven", "probability": 0.77685546875 }, { "start": 2941.21, "end": 2941.51, "word": " sci", "probability": 0.9970703125 }, { "start": 2941.51, "end": 2941.69, "word": "-fi", "probability": 0.99755859375 }, { "start": 2941.69, "end": 2941.89, "word": " so", "probability": 0.99853515625 }, { "start": 2941.89, "end": 2942.17, "word": " it's", "probability": 1.0 }, { "start": 2942.17, "end": 2942.35, "word": " more", "probability": 0.83544921875 }, { "start": 2942.35, "end": 2942.55, "word": " about", "probability": 1.0 }, { "start": 2942.55, "end": 2942.73, "word": " the", "probability": 0.99951171875 } ] }, { "start": 2942.73, "end": 2948.15, "text": "characters and what they're going through than the tech um and so it's more like it was a", "speaker_id": "Speaker 1", "words": [ { "start": 2942.73, "end": 2943.33, "word": " characters", "probability": 0.99951171875 }, { "start": 2943.33, "end": 2943.57, "word": " and", "probability": 1.0 }, { "start": 2943.57, "end": 2943.69, "word": " what", "probability": 1.0 }, { "start": 2943.69, "end": 2943.87, "word": " they're", "probability": 1.0 }, { "start": 2943.87, "end": 2944.09, "word": " going", "probability": 1.0 }, { "start": 2944.09, "end": 2944.35, "word": " through", "probability": 1.0 }, { "start": 2944.35, "end": 2944.57, "word": " than", "probability": 0.99609375 }, { "start": 2944.57, "end": 2944.71, "word": " the", "probability": 1.0 }, { "start": 2944.71, "end": 2945.03, "word": " tech", "probability": 0.99951171875 }, { "start": 2945.03, "end": 2946.01, "word": " um", "probability": 0.951171875 }, { "start": 2946.01, "end": 2947.05, "word": " and", "probability": 1.0 }, { "start": 2947.05, "end": 2947.23, "word": " so", "probability": 1.0 }, { "start": 2947.23, "end": 2947.39, "word": " it's", "probability": 0.994873046875 }, { "start": 2947.39, "end": 2947.53, "word": " more", "probability": 1.0 }, { "start": 2947.53, "end": 2947.69, "word": " like", "probability": 1.0 }, { "start": 2947.69, "end": 2947.91, "word": " it", "probability": 0.60302734375 }, { "start": 2947.91, "end": 2948.05, "word": " was", "probability": 0.99755859375 }, { "start": 2948.05, "end": 2948.15, "word": " a", "probability": 1.0 } ] }, { "start": 2948.15, "end": 2953.25, "text": "fun thing to work on but in that world i did i did try to put realism as okay what is what", "speaker_id": "Speaker 1", "words": [ { "start": 2948.15, "end": 2948.55, "word": " fun", "probability": 1.0 }, { "start": 2948.55, "end": 2948.71, "word": " thing", "probability": 1.0 }, { "start": 2948.71, "end": 2948.85, "word": " to", "probability": 1.0 }, { "start": 2948.85, "end": 2949.09, "word": " work", "probability": 1.0 }, { "start": 2949.09, "end": 2949.31, "word": " on", "probability": 0.99951171875 }, { "start": 2949.31, "end": 2949.59, "word": " but", "probability": 1.0 }, { "start": 2949.59, "end": 2950.21, "word": " in", "probability": 1.0 }, { "start": 2950.21, "end": 2950.41, "word": " that", "probability": 1.0 }, { "start": 2950.41, "end": 2950.73, "word": " world", "probability": 1.0 }, { "start": 2950.73, "end": 2950.95, "word": " i", "probability": 0.99951171875 }, { "start": 2950.95, "end": 2951.09, "word": " did", "probability": 0.97802734375 }, { "start": 2951.09, "end": 2951.19, "word": " i", "probability": 0.95849609375 }, { "start": 2951.19, "end": 2951.37, "word": " did", "probability": 1.0 }, { "start": 2951.37, "end": 2951.55, "word": " try", "probability": 1.0 }, { "start": 2951.55, "end": 2951.67, "word": " to", "probability": 1.0 }, { "start": 2951.67, "end": 2951.85, "word": " put", "probability": 0.99951171875 }, { "start": 2951.85, "end": 2952.19, "word": " realism", "probability": 0.95751953125 }, { "start": 2952.19, "end": 2952.35, "word": " as", "probability": 0.63134765625 }, { "start": 2952.35, "end": 2952.53, "word": " okay", "probability": 0.9658203125 }, { "start": 2952.53, "end": 2952.77, "word": " what", "probability": 1.0 }, { "start": 2952.77, "end": 2952.95, "word": " is", "probability": 0.99951171875 }, { "start": 2952.95, "end": 2953.25, "word": " what", "probability": 0.99951171875 } ] }, { "start": 2953.25, "end": 2958.29, "text": "is tech going to look like and call it you know 45 or 50 years what what are political", "speaker_id": "Speaker 1", "words": [ { "start": 2953.25, "end": 2953.51, "word": " is", "probability": 0.9990234375 }, { "start": 2953.51, "end": 2953.93, "word": " tech", "probability": 0.99853515625 }, { "start": 2953.93, "end": 2954.09, "word": " going", "probability": 0.947265625 }, { "start": 2954.09, "end": 2954.17, "word": " to", "probability": 1.0 }, { "start": 2954.17, "end": 2954.33, "word": " look", "probability": 0.99951171875 }, { "start": 2954.33, "end": 2954.61, "word": " like", "probability": 0.99951171875 }, { "start": 2954.61, "end": 2954.81, "word": " and", "probability": 0.95458984375 }, { "start": 2954.81, "end": 2955.23, "word": " call", "probability": 0.97216796875 }, { "start": 2955.23, "end": 2955.39, "word": " it", "probability": 1.0 }, { "start": 2955.39, "end": 2955.85, "word": " you", "probability": 0.9990234375 }, { "start": 2955.85, "end": 2955.93, "word": " know", "probability": 1.0 }, { "start": 2955.93, "end": 2956.27, "word": " 45", "probability": 0.99853515625 }, { "start": 2956.27, "end": 2956.53, "word": " or", "probability": 1.0 }, { "start": 2956.53, "end": 2956.75, "word": " 50", "probability": 1.0 }, { "start": 2956.75, "end": 2957.07, "word": " years", "probability": 1.0 }, { "start": 2957.07, "end": 2957.69, "word": " what", "probability": 1.0 }, { "start": 2957.69, "end": 2957.89, "word": " what", "probability": 0.83447265625 }, { "start": 2957.89, "end": 2957.99, "word": " are", "probability": 0.5732421875 }, { "start": 2957.99, "end": 2958.29, "word": " political", "probability": 0.99951171875 } ] }, { "start": 2958.29, "end": 2963.73, "text": "structures are likely going to still be relevant or have changed um and then of course i", "speaker_id": "Speaker 1", "words": [ { "start": 2958.29, "end": 2958.73, "word": " structures", "probability": 1.0 }, { "start": 2958.73, "end": 2959.09, "word": " are", "probability": 1.0 }, { "start": 2959.09, "end": 2959.41, "word": " likely", "probability": 1.0 }, { "start": 2959.41, "end": 2959.57, "word": " going", "probability": 0.9970703125 }, { "start": 2959.57, "end": 2959.65, "word": " to", "probability": 1.0 }, { "start": 2959.65, "end": 2959.99, "word": " still", "probability": 0.99951171875 }, { "start": 2959.99, "end": 2960.33, "word": " be", "probability": 1.0 }, { "start": 2960.33, "end": 2960.63, "word": " relevant", "probability": 0.99951171875 }, { "start": 2960.63, "end": 2960.83, "word": " or", "probability": 1.0 }, { "start": 2960.83, "end": 2961.29, "word": " have", "probability": 0.97802734375 }, { "start": 2961.29, "end": 2961.83, "word": " changed", "probability": 0.99951171875 }, { "start": 2961.83, "end": 2962.51, "word": " um", "probability": 0.986328125 }, { "start": 2962.51, "end": 2963.11, "word": " and", "probability": 1.0 }, { "start": 2963.11, "end": 2963.21, "word": " then", "probability": 1.0 }, { "start": 2963.21, "end": 2963.41, "word": " of", "probability": 0.99609375 }, { "start": 2963.41, "end": 2963.51, "word": " course", "probability": 0.99951171875 }, { "start": 2963.51, "end": 2963.73, "word": " i", "probability": 0.9990234375 } ] }, { "start": 2963.73, "end": 2968.41, "text": "threw in some fantastical elements that are just, you know, on their own. But outside of", "speaker_id": "Speaker 1", "words": [ { "start": 2963.73, "end": 2963.99, "word": " threw", "probability": 0.6689453125 }, { "start": 2963.99, "end": 2964.13, "word": " in", "probability": 0.99951171875 }, { "start": 2964.13, "end": 2964.25, "word": " some", "probability": 0.7958984375 }, { "start": 2964.25, "end": 2964.95, "word": " fantastical", "probability": 0.999267578125 }, { "start": 2964.95, "end": 2965.35, "word": " elements", "probability": 1.0 }, { "start": 2965.35, "end": 2965.57, "word": " that", "probability": 0.9990234375 }, { "start": 2965.57, "end": 2965.67, "word": " are", "probability": 1.0 }, { "start": 2965.67, "end": 2965.87, "word": " just,", "probability": 0.99658203125 }, { "start": 2965.95, "end": 2966.09, "word": " you", "probability": 0.99365234375 }, { "start": 2966.09, "end": 2966.17, "word": " know,", "probability": 1.0 }, { "start": 2966.33, "end": 2966.53, "word": " on", "probability": 0.99951171875 }, { "start": 2966.53, "end": 2966.67, "word": " their", "probability": 1.0 }, { "start": 2966.67, "end": 2966.97, "word": " own.", "probability": 1.0 }, { "start": 2967.11, "end": 2967.53, "word": " But", "probability": 0.99951171875 }, { "start": 2967.53, "end": 2968.15, "word": " outside", "probability": 0.98388671875 }, { "start": 2968.15, "end": 2968.41, "word": " of", "probability": 1.0 } ] }, { "start": 2968.41, "end": 2973.19, "text": "like those specific categories for the plot and for fun, I did try to make that background", "speaker_id": "Speaker 1", "words": [ { "start": 2968.41, "end": 2968.51, "word": " like", "probability": 0.5615234375 }, { "start": 2968.51, "end": 2968.73, "word": " those", "probability": 0.97802734375 }, { "start": 2968.73, "end": 2969.11, "word": " specific", "probability": 1.0 }, { "start": 2969.11, "end": 2969.75, "word": " categories", "probability": 1.0 }, { "start": 2969.75, "end": 2970.11, "word": " for", "probability": 0.984375 }, { "start": 2970.11, "end": 2970.39, "word": " the", "probability": 0.9482421875 }, { "start": 2970.39, "end": 2970.69, "word": " plot", "probability": 1.0 }, { "start": 2970.69, "end": 2970.81, "word": " and", "probability": 0.9990234375 }, { "start": 2970.81, "end": 2970.95, "word": " for", "probability": 1.0 }, { "start": 2970.95, "end": 2971.33, "word": " fun,", "probability": 1.0 }, { "start": 2971.61, "end": 2971.97, "word": " I", "probability": 1.0 }, { "start": 2971.97, "end": 2972.11, "word": " did", "probability": 0.99951171875 }, { "start": 2972.11, "end": 2972.25, "word": " try", "probability": 1.0 }, { "start": 2972.25, "end": 2972.35, "word": " to", "probability": 1.0 }, { "start": 2972.35, "end": 2972.47, "word": " make", "probability": 0.99951171875 }, { "start": 2972.47, "end": 2972.65, "word": " that", "probability": 1.0 }, { "start": 2972.65, "end": 2973.19, "word": " background", "probability": 1.0 } ] }, { "start": 2973.19, "end": 2979.33, "text": "context what I think is somewhat reasonable and to go from there.", "speaker_id": "Speaker 1", "words": [ { "start": 2973.19, "end": 2974.09, "word": " context", "probability": 0.9853515625 }, { "start": 2974.09, "end": 2976.03, "word": " what", "probability": 0.68994140625 }, { "start": 2976.03, "end": 2976.15, "word": " I", "probability": 1.0 }, { "start": 2976.15, "end": 2976.33, "word": " think", "probability": 1.0 }, { "start": 2976.33, "end": 2976.47, "word": " is", "probability": 1.0 }, { "start": 2976.47, "end": 2977.01, "word": " somewhat", "probability": 0.9921875 }, { "start": 2977.01, "end": 2977.57, "word": " reasonable", "probability": 1.0 }, { "start": 2977.57, "end": 2978.59, "word": " and", "probability": 0.9560546875 }, { "start": 2978.59, "end": 2978.79, "word": " to", "probability": 1.0 }, { "start": 2978.79, "end": 2978.93, "word": " go", "probability": 1.0 }, { "start": 2978.93, "end": 2979.09, "word": " from", "probability": 1.0 }, { "start": 2979.09, "end": 2979.33, "word": " there.", "probability": 1.0 } ] }, { "start": 2979.57, "end": 2985.55, "text": "Yeah, that makes sense. And I find it so fascinating. It has to kind of be where your mind", "speaker_id": "Speaker 2", "words": [ { "start": 2979.57, "end": 2979.97, "word": " Yeah,", "probability": 0.99072265625 }, { "start": 2980.37, "end": 2980.71, "word": " that", "probability": 1.0 }, { "start": 2980.71, "end": 2981.15, "word": " makes", "probability": 0.99267578125 }, { "start": 2981.15, "end": 2981.29, "word": " sense.", "probability": 1.0 }, { "start": 2981.33, "end": 2981.43, "word": " And", "probability": 0.99609375 }, { "start": 2981.43, "end": 2981.51, "word": " I", "probability": 1.0 }, { "start": 2981.51, "end": 2981.75, "word": " find", "probability": 1.0 }, { "start": 2981.75, "end": 2981.87, "word": " it", "probability": 1.0 }, { "start": 2981.87, "end": 2982.03, "word": " so", "probability": 1.0 }, { "start": 2982.03, "end": 2982.45, "word": " fascinating.", "probability": 1.0 }, { "start": 2982.61, "end": 2982.67, "word": " It", "probability": 0.99951171875 }, { "start": 2982.67, "end": 2982.93, "word": " has", "probability": 1.0 }, { "start": 2982.93, "end": 2983.09, "word": " to", "probability": 1.0 }, { "start": 2983.09, "end": 2983.35, "word": " kind", "probability": 1.0 }, { "start": 2983.35, "end": 2983.57, "word": " of", "probability": 1.0 }, { "start": 2983.57, "end": 2983.97, "word": " be", "probability": 1.0 }, { "start": 2983.97, "end": 2984.89, "word": " where", "probability": 1.0 }, { "start": 2984.89, "end": 2985.15, "word": " your", "probability": 1.0 }, { "start": 2985.15, "end": 2985.55, "word": " mind", "probability": 1.0 } ] }, { "start": 2985.55, "end": 2990.55, "text": "goes, even if you're not really conscious of it. If you're living in that sort of decade", "speaker_id": "Speaker 2", "words": [ { "start": 2985.55, "end": 2985.95, "word": " goes,", "probability": 1.0 }, { "start": 2985.99, "end": 2986.27, "word": " even", "probability": 1.0 }, { "start": 2986.27, "end": 2986.45, "word": " if", "probability": 1.0 }, { "start": 2986.45, "end": 2986.63, "word": " you're", "probability": 1.0 }, { "start": 2986.63, "end": 2987.05, "word": " not", "probability": 1.0 }, { "start": 2987.05, "end": 2987.51, "word": " really", "probability": 1.0 }, { "start": 2987.51, "end": 2987.97, "word": " conscious", "probability": 1.0 }, { "start": 2987.97, "end": 2988.29, "word": " of", "probability": 1.0 }, { "start": 2988.29, "end": 2988.39, "word": " it.", "probability": 1.0 }, { "start": 2988.39, "end": 2988.53, "word": " If", "probability": 0.344482421875 }, { "start": 2988.53, "end": 2988.89, "word": " you're", "probability": 0.92578125 }, { "start": 2988.89, "end": 2989.17, "word": " living", "probability": 0.99658203125 }, { "start": 2989.17, "end": 2989.35, "word": " in", "probability": 0.998046875 }, { "start": 2989.35, "end": 2989.59, "word": " that", "probability": 0.99755859375 }, { "start": 2989.59, "end": 2989.97, "word": " sort", "probability": 0.7900390625 }, { "start": 2989.97, "end": 2990.09, "word": " of", "probability": 0.998046875 }, { "start": 2990.09, "end": 2990.55, "word": " decade", "probability": 0.9970703125 } ] }, { "start": 2990.55, "end": 2996.23, "text": "experience, I think that's, I think it's natural that it would be where you speculate", "speaker_id": "Speaker 2", "words": [ { "start": 2990.55, "end": 2991.49, "word": " experience,", "probability": 0.978515625 }, { "start": 2991.81, "end": 2991.89, "word": " I", "probability": 0.9970703125 }, { "start": 2991.89, "end": 2992.07, "word": " think", "probability": 0.99951171875 }, { "start": 2992.07, "end": 2992.49, "word": " that's,", "probability": 0.726806640625 }, { "start": 2992.59, "end": 2993.11, "word": " I", "probability": 0.98583984375 }, { "start": 2993.11, "end": 2993.29, "word": " think", "probability": 0.99951171875 }, { "start": 2993.29, "end": 2993.53, "word": " it's", "probability": 0.9951171875 }, { "start": 2993.53, "end": 2994.07, "word": " natural", "probability": 0.9990234375 }, { "start": 2994.07, "end": 2994.35, "word": " that", "probability": 0.9931640625 }, { "start": 2994.35, "end": 2994.45, "word": " it", "probability": 0.9970703125 }, { "start": 2994.45, "end": 2994.57, "word": " would", "probability": 0.998046875 }, { "start": 2994.57, "end": 2994.73, "word": " be", "probability": 0.99951171875 }, { "start": 2994.73, "end": 2995.13, "word": " where", "probability": 0.99853515625 }, { "start": 2995.13, "end": 2995.61, "word": " you", "probability": 0.99853515625 }, { "start": 2995.61, "end": 2996.23, "word": " speculate", "probability": 0.99853515625 } ] }, { "start": 2996.23, "end": 3000.45, "text": "things might go, you know? I thought, I'm really interested in this at the moment because", "speaker_id": "Speaker 2", "words": [ { "start": 2996.23, "end": 2996.59, "word": " things", "probability": 0.9970703125 }, { "start": 2996.59, "end": 2996.87, "word": " might", "probability": 0.99951171875 }, { "start": 2996.87, "end": 2997.21, "word": " go,", "probability": 0.99951171875 }, { "start": 2997.37, "end": 2997.45, "word": " you", "probability": 0.9951171875 }, { "start": 2997.45, "end": 2997.63, "word": " know?", "probability": 0.99951171875 }, { "start": 2997.79, "end": 2998.03, "word": " I", "probability": 0.99609375 }, { "start": 2998.03, "end": 2998.19, "word": " thought,", "probability": 0.496337890625 }, { "start": 2998.27, "end": 2998.79, "word": " I'm", "probability": 0.975830078125 }, { "start": 2998.79, "end": 2998.97, "word": " really", "probability": 0.97216796875 }, { "start": 2998.97, "end": 2999.35, "word": " interested", "probability": 0.998046875 }, { "start": 2999.35, "end": 2999.55, "word": " in", "probability": 0.99755859375 }, { "start": 2999.55, "end": 2999.67, "word": " this", "probability": 0.99853515625 }, { "start": 2999.67, "end": 2999.79, "word": " at", "probability": 0.99462890625 }, { "start": 2999.79, "end": 2999.87, "word": " the", "probability": 0.9990234375 }, { "start": 2999.87, "end": 3000.09, "word": " moment", "probability": 0.99951171875 }, { "start": 3000.09, "end": 3000.45, "word": " because", "probability": 0.75830078125 } ] }, { "start": 3000.45, "end": 3004.37, "text": "I, I mean, I joked about feeling like we're all in a sci -fi movie, but I, with my friends,", "speaker_id": "Speaker 2", "words": [ { "start": 3000.45, "end": 3000.71, "word": " I,", "probability": 0.7021484375 }, { "start": 3000.71, "end": 3000.87, "word": " I", "probability": 0.98388671875 }, { "start": 3000.87, "end": 3000.91, "word": " mean,", "probability": 0.890625 }, { "start": 3000.95, "end": 3000.99, "word": " I", "probability": 0.98046875 }, { "start": 3000.99, "end": 3001.21, "word": " joked", "probability": 0.99755859375 }, { "start": 3001.21, "end": 3001.39, "word": " about", "probability": 0.9990234375 }, { "start": 3001.39, "end": 3001.69, "word": " feeling", "probability": 0.99755859375 }, { "start": 3001.69, "end": 3001.85, "word": " like", "probability": 0.99560546875 }, { "start": 3001.85, "end": 3001.99, "word": " we're", "probability": 0.99609375 }, { "start": 3001.99, "end": 3002.09, "word": " all", "probability": 0.99462890625 }, { "start": 3002.09, "end": 3002.17, "word": " in", "probability": 0.98876953125 }, { "start": 3002.17, "end": 3002.23, "word": " a", "probability": 0.9912109375 }, { "start": 3002.23, "end": 3002.41, "word": " sci", "probability": 0.98193359375 }, { "start": 3002.41, "end": 3002.57, "word": "-fi", "probability": 0.98876953125 }, { "start": 3002.57, "end": 3002.87, "word": " movie,", "probability": 0.99951171875 }, { "start": 3003.01, "end": 3003.33, "word": " but", "probability": 0.9990234375 }, { "start": 3003.33, "end": 3003.49, "word": " I,", "probability": 0.99267578125 }, { "start": 3003.67, "end": 3003.79, "word": " with", "probability": 0.99951171875 }, { "start": 3003.79, "end": 3003.97, "word": " my", "probability": 0.99951171875 }, { "start": 3003.97, "end": 3004.37, "word": " friends,", "probability": 0.99951171875 } ] }, { "start": 3004.53, "end": 3009.99, "text": "have said recently, like, how did they get it so right? Like, are they just seeing the", "speaker_id": "Speaker 2", "words": [ { "start": 3004.53, "end": 3004.67, "word": " have", "probability": 0.99755859375 }, { "start": 3004.67, "end": 3005.21, "word": " said", "probability": 0.82861328125 }, { "start": 3005.21, "end": 3005.71, "word": " recently,", "probability": 0.9990234375 }, { "start": 3005.89, "end": 3005.97, "word": " like,", "probability": 0.9853515625 }, { "start": 3006.39, "end": 3006.79, "word": " how", "probability": 0.896484375 }, { "start": 3006.79, "end": 3007.09, "word": " did", "probability": 0.99951171875 }, { "start": 3007.09, "end": 3007.25, "word": " they", "probability": 1.0 }, { "start": 3007.25, "end": 3007.49, "word": " get", "probability": 1.0 }, { "start": 3007.49, "end": 3007.63, "word": " it", "probability": 0.99951171875 }, { "start": 3007.63, "end": 3007.91, "word": " so", "probability": 0.99609375 }, { "start": 3007.91, "end": 3008.45, "word": " right?", "probability": 0.99951171875 }, { "start": 3008.65, "end": 3008.87, "word": " Like,", "probability": 0.9873046875 }, { "start": 3008.91, "end": 3009.09, "word": " are", "probability": 0.99951171875 }, { "start": 3009.09, "end": 3009.33, "word": " they", "probability": 1.0 }, { "start": 3009.33, "end": 3009.61, "word": " just", "probability": 1.0 }, { "start": 3009.61, "end": 3009.85, "word": " seeing", "probability": 0.9990234375 }, { "start": 3009.85, "end": 3009.99, "word": " the", "probability": 0.99951171875 } ] }, { "start": 3009.99, "end": 3015.77, "text": "future or, you know, folks in that genre? Or are we sort of mapping out the future based on", "speaker_id": "Speaker 2", "words": [ { "start": 3009.99, "end": 3010.35, "word": " future", "probability": 1.0 }, { "start": 3010.35, "end": 3010.83, "word": " or,", "probability": 0.84814453125 }, { "start": 3011.03, "end": 3011.49, "word": " you", "probability": 0.99951171875 }, { "start": 3011.49, "end": 3011.55, "word": " know,", "probability": 1.0 }, { "start": 3011.61, "end": 3011.85, "word": " folks", "probability": 0.9990234375 }, { "start": 3011.85, "end": 3011.97, "word": " in", "probability": 1.0 }, { "start": 3011.97, "end": 3012.09, "word": " that", "probability": 0.99951171875 }, { "start": 3012.09, "end": 3012.43, "word": " genre?", "probability": 1.0 }, { "start": 3012.43, "end": 3012.79, "word": " Or", "probability": 0.9990234375 }, { "start": 3012.79, "end": 3013.05, "word": " are", "probability": 0.9921875 }, { "start": 3013.05, "end": 3013.41, "word": " we", "probability": 1.0 }, { "start": 3013.41, "end": 3013.91, "word": " sort", "probability": 0.9970703125 }, { "start": 3013.91, "end": 3014.03, "word": " of", "probability": 1.0 }, { "start": 3014.03, "end": 3014.49, "word": " mapping", "probability": 1.0 }, { "start": 3014.49, "end": 3014.79, "word": " out", "probability": 1.0 }, { "start": 3014.79, "end": 3014.95, "word": " the", "probability": 1.0 }, { "start": 3014.95, "end": 3015.23, "word": " future", "probability": 1.0 }, { "start": 3015.23, "end": 3015.59, "word": " based", "probability": 0.99951171875 }, { "start": 3015.59, "end": 3015.77, "word": " on", "probability": 1.0 } ] }, { "start": 3015.77, "end": 3019.89, "text": "what we've read, you know? it's sort of a really interesting kind of chicken and egg", "speaker_id": "Speaker 2", "words": [ { "start": 3015.77, "end": 3015.97, "word": " what", "probability": 1.0 }, { "start": 3015.97, "end": 3016.21, "word": " we've", "probability": 1.0 }, { "start": 3016.21, "end": 3016.51, "word": " read,", "probability": 1.0 }, { "start": 3016.65, "end": 3016.73, "word": " you", "probability": 0.9990234375 }, { "start": 3016.73, "end": 3016.85, "word": " know?", "probability": 0.99951171875 }, { "start": 3016.85, "end": 3017.09, "word": " it's", "probability": 0.637451171875 }, { "start": 3017.09, "end": 3017.21, "word": " sort", "probability": 0.92822265625 }, { "start": 3017.21, "end": 3017.31, "word": " of", "probability": 0.9990234375 }, { "start": 3017.31, "end": 3017.61, "word": " a", "probability": 0.99560546875 }, { "start": 3017.61, "end": 3017.97, "word": " really", "probability": 0.98388671875 }, { "start": 3017.97, "end": 3018.41, "word": " interesting", "probability": 0.99951171875 }, { "start": 3018.41, "end": 3018.69, "word": " kind", "probability": 0.943359375 }, { "start": 3018.69, "end": 3018.83, "word": " of", "probability": 0.9990234375 }, { "start": 3018.83, "end": 3019.43, "word": " chicken", "probability": 0.9921875 }, { "start": 3019.43, "end": 3019.61, "word": " and", "probability": 0.8642578125 }, { "start": 3019.61, "end": 3019.89, "word": " egg", "probability": 0.998046875 } ] }, { "start": 3019.89, "end": 3024.13, "text": "situation that feels very relevant right now. I don't know. Do you feel that when you see", "speaker_id": "Speaker 2", "words": [ { "start": 3019.89, "end": 3020.31, "word": " situation", "probability": 0.99951171875 }, { "start": 3020.31, "end": 3020.65, "word": " that", "probability": 0.99072265625 }, { "start": 3020.65, "end": 3020.91, "word": " feels", "probability": 0.99951171875 }, { "start": 3020.91, "end": 3021.49, "word": " very", "probability": 0.99951171875 }, { "start": 3021.49, "end": 3022.07, "word": " relevant", "probability": 0.99951171875 }, { "start": 3022.07, "end": 3022.29, "word": " right", "probability": 0.9951171875 }, { "start": 3022.29, "end": 3022.41, "word": " now.", "probability": 0.99951171875 }, { "start": 3022.53, "end": 3022.55, "word": " I", "probability": 0.97705078125 }, { "start": 3022.55, "end": 3022.65, "word": " don't", "probability": 0.998779296875 }, { "start": 3022.65, "end": 3022.73, "word": " know.", "probability": 1.0 }, { "start": 3022.79, "end": 3022.89, "word": " Do", "probability": 0.9990234375 }, { "start": 3022.89, "end": 3023.09, "word": " you", "probability": 1.0 }, { "start": 3023.09, "end": 3023.45, "word": " feel", "probability": 1.0 }, { "start": 3023.45, "end": 3023.69, "word": " that", "probability": 1.0 }, { "start": 3023.69, "end": 3023.87, "word": " when", "probability": 0.9990234375 }, { "start": 3023.87, "end": 3023.97, "word": " you", "probability": 1.0 }, { "start": 3023.97, "end": 3024.13, "word": " see", "probability": 1.0 } ] }, { "start": 3024.13, "end": 3024.67, "text": "these headlines?", "speaker_id": "Speaker 2", "words": [ { "start": 3024.13, "end": 3024.33, "word": " these", "probability": 1.0 }, { "start": 3024.33, "end": 3024.67, "word": " headlines?", "probability": 0.99951171875 } ] }, { "start": 3024.95, "end": 3029.61, "text": "I do. And one of the jokes I've made is that I write sci -fi because it feels more normal", "speaker_id": "Speaker 1", "words": [ { "start": 3024.95, "end": 3025.23, "word": " I", "probability": 0.96533203125 }, { "start": 3025.23, "end": 3025.61, "word": " do.", "probability": 0.994140625 }, { "start": 3025.73, "end": 3025.79, "word": " And", "probability": 0.98095703125 }, { "start": 3025.79, "end": 3025.93, "word": " one", "probability": 0.99951171875 }, { "start": 3025.93, "end": 3026.01, "word": " of", "probability": 1.0 }, { "start": 3026.01, "end": 3026.11, "word": " the", "probability": 0.99951171875 }, { "start": 3026.11, "end": 3026.69, "word": " jokes", "probability": 0.79541015625 }, { "start": 3026.69, "end": 3026.97, "word": " I've", "probability": 0.99951171875 }, { "start": 3026.97, "end": 3027.15, "word": " made", "probability": 1.0 }, { "start": 3027.15, "end": 3027.31, "word": " is", "probability": 1.0 }, { "start": 3027.31, "end": 3027.41, "word": " that", "probability": 0.99951171875 }, { "start": 3027.41, "end": 3027.51, "word": " I", "probability": 1.0 }, { "start": 3027.51, "end": 3027.79, "word": " write", "probability": 1.0 }, { "start": 3027.79, "end": 3028.05, "word": " sci", "probability": 0.99560546875 }, { "start": 3028.05, "end": 3028.33, "word": "-fi", "probability": 0.989013671875 }, { "start": 3028.33, "end": 3028.69, "word": " because", "probability": 0.97265625 }, { "start": 3028.69, "end": 3028.85, "word": " it", "probability": 1.0 }, { "start": 3028.85, "end": 3029.05, "word": " feels", "probability": 1.0 }, { "start": 3029.05, "end": 3029.25, "word": " more", "probability": 1.0 }, { "start": 3029.25, "end": 3029.61, "word": " normal", "probability": 1.0 } ] }, { "start": 3029.61, "end": 3033.97, "text": "than reality, which is not how it's supposed to be. And some things like all, you know,", "speaker_id": "Speaker 1", "words": [ { "start": 3029.61, "end": 3029.95, "word": " than", "probability": 0.99951171875 }, { "start": 3029.95, "end": 3030.43, "word": " reality,", "probability": 1.0 }, { "start": 3030.63, "end": 3030.83, "word": " which", "probability": 0.99951171875 }, { "start": 3030.83, "end": 3031.01, "word": " is", "probability": 1.0 }, { "start": 3031.01, "end": 3031.35, "word": " not", "probability": 0.99853515625 }, { "start": 3031.35, "end": 3031.47, "word": " how", "probability": 1.0 }, { "start": 3031.47, "end": 3031.61, "word": " it's", "probability": 1.0 }, { "start": 3031.61, "end": 3031.77, "word": " supposed", "probability": 1.0 }, { "start": 3031.77, "end": 3031.91, "word": " to", "probability": 1.0 }, { "start": 3031.91, "end": 3032.09, "word": " be.", "probability": 1.0 }, { "start": 3032.55, "end": 3032.85, "word": " And", "probability": 0.96240234375 }, { "start": 3032.85, "end": 3033.07, "word": " some", "probability": 0.86962890625 }, { "start": 3033.07, "end": 3033.27, "word": " things", "probability": 1.0 }, { "start": 3033.27, "end": 3033.53, "word": " like", "probability": 0.95361328125 }, { "start": 3033.53, "end": 3033.73, "word": " all,", "probability": 0.73193359375 }, { "start": 3033.85, "end": 3033.89, "word": " you", "probability": 0.93798828125 }, { "start": 3033.89, "end": 3033.97, "word": " know,", "probability": 1.0 } ] }, { "start": 3034.19, "end": 3039.05, "text": "because even though the book came out earlier this year, I mean, it was in the works for a", "speaker_id": "Speaker 1", "words": [ { "start": 3034.19, "end": 3034.31, "word": " because", "probability": 0.98876953125 }, { "start": 3034.31, "end": 3035.07, "word": " even", "probability": 1.0 }, { "start": 3035.07, "end": 3035.21, "word": " though", "probability": 0.99560546875 }, { "start": 3035.21, "end": 3035.31, "word": " the", "probability": 1.0 }, { "start": 3035.31, "end": 3035.49, "word": " book", "probability": 1.0 }, { "start": 3035.49, "end": 3035.77, "word": " came", "probability": 1.0 }, { "start": 3035.77, "end": 3036.11, "word": " out", "probability": 1.0 }, { "start": 3036.11, "end": 3036.67, "word": " earlier", "probability": 0.99462890625 }, { "start": 3036.67, "end": 3036.89, "word": " this", "probability": 1.0 }, { "start": 3036.89, "end": 3037.17, "word": " year,", "probability": 1.0 }, { "start": 3037.39, "end": 3037.41, "word": " I", "probability": 0.9599609375 }, { "start": 3037.41, "end": 3037.45, "word": " mean,", "probability": 0.99951171875 }, { "start": 3037.55, "end": 3037.57, "word": " it", "probability": 0.9990234375 }, { "start": 3037.57, "end": 3037.69, "word": " was", "probability": 1.0 }, { "start": 3037.69, "end": 3037.91, "word": " in", "probability": 1.0 }, { "start": 3037.91, "end": 3038.45, "word": " the", "probability": 0.99951171875 }, { "start": 3038.45, "end": 3038.71, "word": " works", "probability": 0.83251953125 }, { "start": 3038.71, "end": 3038.91, "word": " for", "probability": 1.0 }, { "start": 3038.91, "end": 3039.05, "word": " a", "probability": 1.0 } ] }, { "start": 3039.05, "end": 3044.17, "text": "couple of years and the idea stage goes back over a decade. And it's funny because my", "speaker_id": "Speaker 1", "words": [ { "start": 3039.05, "end": 3039.21, "word": " couple", "probability": 0.9990234375 }, { "start": 3039.21, "end": 3039.35, "word": " of", "probability": 0.79296875 }, { "start": 3039.35, "end": 3039.59, "word": " years", "probability": 1.0 }, { "start": 3039.59, "end": 3039.95, "word": " and", "probability": 0.779296875 }, { "start": 3039.95, "end": 3040.17, "word": " the", "probability": 1.0 }, { "start": 3040.17, "end": 3040.51, "word": " idea", "probability": 0.99951171875 }, { "start": 3040.51, "end": 3040.89, "word": " stage", "probability": 0.6474609375 }, { "start": 3040.89, "end": 3041.35, "word": " goes", "probability": 1.0 }, { "start": 3041.35, "end": 3041.57, "word": " back", "probability": 1.0 }, { "start": 3041.57, "end": 3041.83, "word": " over", "probability": 1.0 }, { "start": 3041.83, "end": 3041.95, "word": " a", "probability": 1.0 }, { "start": 3041.95, "end": 3042.31, "word": " decade.", "probability": 1.0 }, { "start": 3043.05, "end": 3043.45, "word": " And", "probability": 0.9990234375 }, { "start": 3043.45, "end": 3043.63, "word": " it's", "probability": 1.0 }, { "start": 3043.63, "end": 3043.83, "word": " funny", "probability": 1.0 }, { "start": 3043.83, "end": 3043.97, "word": " because", "probability": 0.98681640625 }, { "start": 3043.97, "end": 3044.17, "word": " my", "probability": 1.0 } ] }, { "start": 3044.17, "end": 3048.61, "text": "natural instinct is to kind of tune certain things down don't don't exaggerate things and", "speaker_id": "Speaker 1", "words": [ { "start": 3044.17, "end": 3044.53, "word": " natural", "probability": 1.0 }, { "start": 3044.53, "end": 3044.89, "word": " instinct", "probability": 1.0 }, { "start": 3044.89, "end": 3045.09, "word": " is", "probability": 0.99951171875 }, { "start": 3045.09, "end": 3045.21, "word": " to", "probability": 1.0 }, { "start": 3045.21, "end": 3045.33, "word": " kind", "probability": 1.0 }, { "start": 3045.33, "end": 3045.49, "word": " of", "probability": 1.0 }, { "start": 3045.49, "end": 3045.73, "word": " tune", "probability": 1.0 }, { "start": 3045.73, "end": 3046.01, "word": " certain", "probability": 1.0 }, { "start": 3046.01, "end": 3046.29, "word": " things", "probability": 0.86328125 }, { "start": 3046.29, "end": 3046.61, "word": " down", "probability": 0.99951171875 }, { "start": 3046.61, "end": 3046.95, "word": " don't", "probability": 0.6810302734375 }, { "start": 3046.95, "end": 3047.15, "word": " don't", "probability": 0.904052734375 }, { "start": 3047.15, "end": 3047.73, "word": " exaggerate", "probability": 0.999755859375 }, { "start": 3047.73, "end": 3048.03, "word": " things", "probability": 1.0 }, { "start": 3048.03, "end": 3048.61, "word": " and", "probability": 0.99462890625 } ] }, { "start": 3048.61, "end": 3052.03, "text": "then you get to the present it's like if anything i'm under tuning things like i should", "speaker_id": "Speaker 1", "words": [ { "start": 3048.61, "end": 3048.69, "word": " then", "probability": 0.99853515625 }, { "start": 3048.69, "end": 3048.79, "word": " you", "probability": 0.990234375 }, { "start": 3048.79, "end": 3048.87, "word": " get", "probability": 1.0 }, { "start": 3048.87, "end": 3048.97, "word": " to", "probability": 1.0 }, { "start": 3048.97, "end": 3049.07, "word": " the", "probability": 0.99951171875 }, { "start": 3049.07, "end": 3049.39, "word": " present", "probability": 0.88818359375 }, { "start": 3049.39, "end": 3049.69, "word": " it's", "probability": 0.998291015625 }, { "start": 3049.69, "end": 3049.85, "word": " like", "probability": 0.99853515625 }, { "start": 3049.85, "end": 3050.01, "word": " if", "probability": 0.99853515625 }, { "start": 3050.01, "end": 3050.23, "word": " anything", "probability": 0.99853515625 }, { "start": 3050.23, "end": 3050.49, "word": " i'm", "probability": 0.9287109375 }, { "start": 3050.49, "end": 3050.77, "word": " under", "probability": 0.80029296875 }, { "start": 3050.77, "end": 3051.15, "word": " tuning", "probability": 0.98583984375 }, { "start": 3051.15, "end": 3051.49, "word": " things", "probability": 0.998046875 }, { "start": 3051.49, "end": 3051.69, "word": " like", "probability": 1.0 }, { "start": 3051.69, "end": 3051.81, "word": " i", "probability": 0.99951171875 }, { "start": 3051.81, "end": 3052.03, "word": " should", "probability": 1.0 } ] }, { "start": 3052.03, "end": 3057.19, "text": "just i should just be more direct you know um and you know like in sci -fi for example", "speaker_id": "Speaker 1", "words": [ { "start": 3052.03, "end": 3052.29, "word": " just", "probability": 1.0 }, { "start": 3052.29, "end": 3052.55, "word": " i", "probability": 0.99853515625 }, { "start": 3052.55, "end": 3052.75, "word": " should", "probability": 1.0 }, { "start": 3052.75, "end": 3052.93, "word": " just", "probability": 0.96923828125 }, { "start": 3052.93, "end": 3053.47, "word": " be", "probability": 1.0 }, { "start": 3053.47, "end": 3053.67, "word": " more", "probability": 1.0 }, { "start": 3053.67, "end": 3054.03, "word": " direct", "probability": 0.99951171875 }, { "start": 3054.03, "end": 3054.23, "word": " you", "probability": 1.0 }, { "start": 3054.23, "end": 3054.37, "word": " know", "probability": 0.99951171875 }, { "start": 3054.37, "end": 3055.07, "word": " um", "probability": 0.93310546875 }, { "start": 3055.07, "end": 3055.81, "word": " and", "probability": 1.0 }, { "start": 3055.81, "end": 3056.01, "word": " you", "probability": 1.0 }, { "start": 3056.01, "end": 3056.03, "word": " know", "probability": 0.99951171875 }, { "start": 3056.03, "end": 3056.17, "word": " like", "probability": 0.998046875 }, { "start": 3056.17, "end": 3056.39, "word": " in", "probability": 0.99951171875 }, { "start": 3056.39, "end": 3056.53, "word": " sci", "probability": 0.9990234375 }, { "start": 3056.53, "end": 3056.71, "word": "-fi", "probability": 0.99853515625 }, { "start": 3056.71, "end": 3056.91, "word": " for", "probability": 1.0 }, { "start": 3056.91, "end": 3057.19, "word": " example", "probability": 1.0 } ] }, { "start": 3057.19, "end": 3062.37, "text": "there will be dystopias and some more rarely there's utopias so something like star trek is", "speaker_id": "Speaker 1", "words": [ { "start": 3057.19, "end": 3057.39, "word": " there", "probability": 1.0 }, { "start": 3057.39, "end": 3057.51, "word": " will", "probability": 0.99853515625 }, { "start": 3057.51, "end": 3057.59, "word": " be", "probability": 1.0 }, { "start": 3057.59, "end": 3058.25, "word": " dystopias", "probability": 0.99951171875 }, { "start": 3058.25, "end": 3058.97, "word": " and", "probability": 1.0 }, { "start": 3058.97, "end": 3059.21, "word": " some", "probability": 0.9873046875 }, { "start": 3059.21, "end": 3059.59, "word": " more", "probability": 1.0 }, { "start": 3059.59, "end": 3059.91, "word": " rarely", "probability": 1.0 }, { "start": 3059.91, "end": 3060.27, "word": " there's", "probability": 0.99072265625 }, { "start": 3060.27, "end": 3060.81, "word": " utopias", "probability": 0.9993489583333334 }, { "start": 3060.81, "end": 3061.11, "word": " so", "probability": 0.99951171875 }, { "start": 3061.11, "end": 3061.37, "word": " something", "probability": 1.0 }, { "start": 3061.37, "end": 3061.57, "word": " like", "probability": 1.0 }, { "start": 3061.57, "end": 3061.81, "word": " star", "probability": 0.99951171875 }, { "start": 3061.81, "end": 3062.07, "word": " trek", "probability": 0.99951171875 }, { "start": 3062.07, "end": 3062.37, "word": " is", "probability": 1.0 } ] }, { "start": 3062.37, "end": 3064.21, "text": "is actually closer to a utopia", "speaker_id": "Speaker 1", "words": [ { "start": 3062.37, "end": 3062.57, "word": " is", "probability": 0.8173828125 }, { "start": 3062.57, "end": 3062.77, "word": " actually", "probability": 1.0 }, { "start": 3062.77, "end": 3063.11, "word": " closer", "probability": 0.99755859375 }, { "start": 3063.11, "end": 3063.33, "word": " to", "probability": 1.0 }, { "start": 3063.33, "end": 3063.61, "word": " a", "probability": 0.9990234375 }, { "start": 3063.61, "end": 3064.21, "word": " utopia", "probability": 1.0 } ] }, { "start": 3064.21, "end": 3064.61, "text": "uh", "speaker_id": "Speaker 2", "words": [ { "start": 3064.21, "end": 3064.61, "word": " uh", "probability": 0.576171875 } ] }, { "start": 3064.61, "end": 3068.37, "text": "whereas you know obviously there's no shortage of dystopian science fiction generally", "speaker_id": "Speaker 1", "words": [ { "start": 3064.61, "end": 3065.33, "word": " whereas", "probability": 0.99951171875 }, { "start": 3065.33, "end": 3065.65, "word": " you", "probability": 0.99853515625 }, { "start": 3065.65, "end": 3065.71, "word": " know", "probability": 0.99560546875 }, { "start": 3065.71, "end": 3065.93, "word": " obviously", "probability": 0.98876953125 }, { "start": 3065.93, "end": 3066.15, "word": " there's", "probability": 1.0 }, { "start": 3066.15, "end": 3066.27, "word": " no", "probability": 0.99951171875 }, { "start": 3066.27, "end": 3066.59, "word": " shortage", "probability": 1.0 }, { "start": 3066.59, "end": 3066.77, "word": " of", "probability": 1.0 }, { "start": 3066.77, "end": 3067.31, "word": " dystopian", "probability": 0.9996744791666666 }, { "start": 3067.31, "end": 3067.83, "word": " science", "probability": 1.0 }, { "start": 3067.83, "end": 3068.13, "word": " fiction", "probability": 1.0 }, { "start": 3068.13, "end": 3068.37, "word": " generally", "probability": 1.0 } ] }, { "start": 3068.37, "end": 3074.05, "text": "speaking conflict creates story so people are more likely to write uh something closer to a", "speaker_id": "Speaker 1", "words": [ { "start": 3068.37, "end": 3068.71, "word": " speaking", "probability": 0.99853515625 }, { "start": 3068.71, "end": 3069.23, "word": " conflict", "probability": 0.99951171875 }, { "start": 3069.23, "end": 3069.61, "word": " creates", "probability": 0.97021484375 }, { "start": 3069.61, "end": 3069.95, "word": " story", "probability": 0.484375 }, { "start": 3069.95, "end": 3070.25, "word": " so", "probability": 1.0 }, { "start": 3070.25, "end": 3070.93, "word": " people", "probability": 0.66748046875 }, { "start": 3070.93, "end": 3071.09, "word": " are", "probability": 0.9990234375 }, { "start": 3071.09, "end": 3071.19, "word": " more", "probability": 1.0 }, { "start": 3071.19, "end": 3071.47, "word": " likely", "probability": 1.0 }, { "start": 3071.47, "end": 3071.61, "word": " to", "probability": 1.0 }, { "start": 3071.61, "end": 3071.87, "word": " write", "probability": 0.99951171875 }, { "start": 3071.87, "end": 3072.25, "word": " uh", "probability": 0.26318359375 }, { "start": 3072.25, "end": 3072.83, "word": " something", "probability": 0.99951171875 }, { "start": 3072.83, "end": 3073.47, "word": " closer", "probability": 0.994140625 }, { "start": 3073.47, "end": 3073.69, "word": " to", "probability": 0.998046875 }, { "start": 3073.69, "end": 3074.05, "word": " a", "probability": 0.99951171875 } ] }, { "start": 3074.05, "end": 3079.09, "text": "dystopia and my world is like intentionally messy like it's it's it's our world just", "speaker_id": "Speaker 1", "words": [ { "start": 3074.05, "end": 3074.59, "word": " dystopia", "probability": 0.9990234375 }, { "start": 3074.59, "end": 3075.27, "word": " and", "probability": 0.9990234375 }, { "start": 3075.27, "end": 3075.47, "word": " my", "probability": 1.0 }, { "start": 3075.47, "end": 3075.73, "word": " world", "probability": 1.0 }, { "start": 3075.73, "end": 3075.89, "word": " is", "probability": 1.0 }, { "start": 3075.89, "end": 3076.01, "word": " like", "probability": 0.99755859375 }, { "start": 3076.01, "end": 3076.55, "word": " intentionally", "probability": 0.99951171875 }, { "start": 3076.55, "end": 3076.99, "word": " messy", "probability": 0.99951171875 }, { "start": 3076.99, "end": 3077.45, "word": " like", "probability": 1.0 }, { "start": 3077.45, "end": 3077.73, "word": " it's", "probability": 1.0 }, { "start": 3077.73, "end": 3078.07, "word": " it's", "probability": 0.999755859375 }, { "start": 3078.07, "end": 3078.29, "word": " it's", "probability": 0.996337890625 }, { "start": 3078.29, "end": 3078.49, "word": " our", "probability": 0.99951171875 }, { "start": 3078.49, "end": 3078.87, "word": " world", "probability": 1.0 }, { "start": 3078.87, "end": 3079.09, "word": " just", "probability": 0.99072265625 } ] }, { "start": 3079.09, "end": 3083.37, "text": "extrapolated in technology and some and then by extension extrapolated some of the social", "speaker_id": "Speaker 1", "words": [ { "start": 3079.09, "end": 3079.79, "word": " extrapolated", "probability": 0.99951171875 }, { "start": 3079.79, "end": 3079.93, "word": " in", "probability": 0.99755859375 }, { "start": 3079.93, "end": 3080.43, "word": " technology", "probability": 1.0 }, { "start": 3080.43, "end": 3080.69, "word": " and", "probability": 1.0 }, { "start": 3080.69, "end": 3080.87, "word": " some", "probability": 0.99609375 }, { "start": 3080.87, "end": 3081.03, "word": " and", "probability": 1.0 }, { "start": 3081.03, "end": 3081.17, "word": " then", "probability": 0.99658203125 }, { "start": 3081.17, "end": 3081.75, "word": " by", "probability": 1.0 }, { "start": 3081.75, "end": 3082.11, "word": " extension", "probability": 0.99951171875 }, { "start": 3082.11, "end": 3082.75, "word": " extrapolated", "probability": 0.994140625 }, { "start": 3082.75, "end": 3082.91, "word": " some", "probability": 0.99755859375 }, { "start": 3082.91, "end": 3082.99, "word": " of", "probability": 0.99853515625 }, { "start": 3082.99, "end": 3083.09, "word": " the", "probability": 0.998046875 }, { "start": 3083.09, "end": 3083.37, "word": " social", "probability": 0.9990234375 } ] }, { "start": 3083.37, "end": 3087.87, "text": "trends around technology like a world where for example people just naturally distrust", "speaker_id": "Speaker 1", "words": [ { "start": 3083.37, "end": 3083.79, "word": " trends", "probability": 1.0 }, { "start": 3083.79, "end": 3084.11, "word": " around", "probability": 1.0 }, { "start": 3084.11, "end": 3084.67, "word": " technology", "probability": 1.0 }, { "start": 3084.67, "end": 3085.31, "word": " like", "probability": 1.0 }, { "start": 3085.31, "end": 3085.43, "word": " a", "probability": 1.0 }, { "start": 3085.43, "end": 3085.67, "word": " world", "probability": 0.99951171875 }, { "start": 3085.67, "end": 3085.85, "word": " where", "probability": 1.0 }, { "start": 3085.85, "end": 3086.01, "word": " for", "probability": 0.9990234375 }, { "start": 3086.01, "end": 3086.27, "word": " example", "probability": 0.9990234375 }, { "start": 3086.27, "end": 3086.61, "word": " people", "probability": 1.0 }, { "start": 3086.61, "end": 3086.83, "word": " just", "probability": 1.0 }, { "start": 3086.83, "end": 3087.21, "word": " naturally", "probability": 0.99755859375 }, { "start": 3087.21, "end": 3087.87, "word": " distrust", "probability": 0.99951171875 } ] }, { "start": 3087.87, "end": 3092.43, "text": "video or like they just crazy things can happen and they're just like i don't know if", "speaker_id": "Speaker 1", "words": [ { "start": 3087.87, "end": 3088.35, "word": " video", "probability": 1.0 }, { "start": 3088.35, "end": 3088.61, "word": " or", "probability": 0.99658203125 }, { "start": 3088.61, "end": 3088.77, "word": " like", "probability": 1.0 }, { "start": 3088.77, "end": 3088.89, "word": " they", "probability": 0.99951171875 }, { "start": 3088.89, "end": 3089.09, "word": " just", "probability": 0.99951171875 }, { "start": 3089.09, "end": 3090.51, "word": " crazy", "probability": 0.99951171875 }, { "start": 3090.51, "end": 3090.81, "word": " things", "probability": 1.0 }, { "start": 3090.81, "end": 3090.97, "word": " can", "probability": 1.0 }, { "start": 3090.97, "end": 3091.31, "word": " happen", "probability": 1.0 }, { "start": 3091.31, "end": 3091.47, "word": " and", "probability": 0.99755859375 }, { "start": 3091.47, "end": 3091.65, "word": " they're", "probability": 0.985595703125 }, { "start": 3091.65, "end": 3091.79, "word": " just", "probability": 1.0 }, { "start": 3091.79, "end": 3091.97, "word": " like", "probability": 0.99951171875 }, { "start": 3091.97, "end": 3092.11, "word": " i", "probability": 0.921875 }, { "start": 3092.11, "end": 3092.27, "word": " don't", "probability": 0.999755859375 }, { "start": 3092.27, "end": 3092.33, "word": " know", "probability": 1.0 }, { "start": 3092.33, "end": 3092.43, "word": " if", "probability": 0.9990234375 } ] }, { "start": 3092.43, "end": 3095.59, "text": "that's i don't know if that actually happened or not and even in that world like there are", "speaker_id": "Speaker 1", "words": [ { "start": 3092.43, "end": 3092.63, "word": " that's", "probability": 0.998779296875 }, { "start": 3092.63, "end": 3092.75, "word": " i", "probability": 0.99951171875 }, { "start": 3092.75, "end": 3092.87, "word": " don't", "probability": 0.999755859375 }, { "start": 3092.87, "end": 3092.91, "word": " know", "probability": 0.998046875 }, { "start": 3092.91, "end": 3092.97, "word": " if", "probability": 0.99755859375 }, { "start": 3092.97, "end": 3093.05, "word": " that", "probability": 0.99951171875 }, { "start": 3093.05, "end": 3093.27, "word": " actually", "probability": 1.0 }, { "start": 3093.27, "end": 3093.59, "word": " happened", "probability": 1.0 }, { "start": 3093.59, "end": 3093.73, "word": " or", "probability": 1.0 }, { "start": 3093.73, "end": 3093.91, "word": " not", "probability": 1.0 }, { "start": 3093.91, "end": 3094.45, "word": " and", "probability": 1.0 }, { "start": 3094.45, "end": 3094.63, "word": " even", "probability": 1.0 }, { "start": 3094.63, "end": 3094.77, "word": " in", "probability": 1.0 }, { "start": 3094.77, "end": 3094.89, "word": " that", "probability": 0.9912109375 }, { "start": 3094.89, "end": 3095.11, "word": " world", "probability": 0.99951171875 }, { "start": 3095.11, "end": 3095.31, "word": " like", "probability": 0.998046875 }, { "start": 3095.31, "end": 3095.41, "word": " there", "probability": 1.0 }, { "start": 3095.41, "end": 3095.59, "word": " are", "probability": 1.0 } ] }, { "start": 3095.59, "end": 3100.33, "text": "safeguards against it like you can you know for example you can have a device that takes a", "speaker_id": "Speaker 1", "words": [ { "start": 3095.59, "end": 3096.17, "word": " safeguards", "probability": 1.0 }, { "start": 3096.17, "end": 3096.47, "word": " against", "probability": 0.99951171875 }, { "start": 3096.47, "end": 3096.73, "word": " it", "probability": 1.0 }, { "start": 3096.73, "end": 3096.89, "word": " like", "probability": 1.0 }, { "start": 3096.89, "end": 3097.03, "word": " you", "probability": 1.0 }, { "start": 3097.03, "end": 3097.19, "word": " can", "probability": 0.9990234375 }, { "start": 3097.19, "end": 3097.53, "word": " you", "probability": 0.9697265625 }, { "start": 3097.53, "end": 3097.59, "word": " know", "probability": 0.9990234375 }, { "start": 3097.59, "end": 3097.73, "word": " for", "probability": 1.0 }, { "start": 3097.73, "end": 3097.99, "word": " example", "probability": 0.99951171875 }, { "start": 3097.99, "end": 3098.57, "word": " you", "probability": 0.99951171875 }, { "start": 3098.57, "end": 3098.67, "word": " can", "probability": 0.5087890625 }, { "start": 3098.67, "end": 3098.79, "word": " have", "probability": 0.99755859375 }, { "start": 3098.79, "end": 3098.87, "word": " a", "probability": 0.99951171875 }, { "start": 3098.87, "end": 3099.35, "word": " device", "probability": 0.99951171875 }, { "start": 3099.35, "end": 3099.89, "word": " that", "probability": 0.9990234375 }, { "start": 3099.89, "end": 3100.19, "word": " takes", "probability": 0.99951171875 }, { "start": 3100.19, "end": 3100.33, "word": " a", "probability": 0.99951171875 } ] }, { "start": 3100.33, "end": 3105.09, "text": "photo and cryptographically signs the photo so you can say like you know this came from", "speaker_id": "Speaker 1", "words": [ { "start": 3100.33, "end": 3100.65, "word": " photo", "probability": 0.99951171875 }, { "start": 3100.65, "end": 3100.97, "word": " and", "probability": 0.9970703125 }, { "start": 3100.97, "end": 3101.77, "word": " cryptographically", "probability": 0.99853515625 }, { "start": 3101.77, "end": 3102.19, "word": " signs", "probability": 0.99658203125 }, { "start": 3102.19, "end": 3102.39, "word": " the", "probability": 0.99951171875 }, { "start": 3102.39, "end": 3102.75, "word": " photo", "probability": 0.99951171875 }, { "start": 3102.75, "end": 3103.39, "word": " so", "probability": 0.5966796875 }, { "start": 3103.39, "end": 3103.47, "word": " you", "probability": 0.99951171875 }, { "start": 3103.47, "end": 3103.57, "word": " can", "probability": 0.9990234375 }, { "start": 3103.57, "end": 3103.81, "word": " say", "probability": 0.9990234375 }, { "start": 3103.81, "end": 3104.01, "word": " like", "probability": 0.9775390625 }, { "start": 3104.01, "end": 3104.31, "word": " you", "probability": 0.88232421875 }, { "start": 3104.31, "end": 3104.35, "word": " know", "probability": 0.9990234375 }, { "start": 3104.35, "end": 3104.57, "word": " this", "probability": 0.998046875 }, { "start": 3104.57, "end": 3104.85, "word": " came", "probability": 0.99951171875 }, { "start": 3104.85, "end": 3105.09, "word": " from", "probability": 1.0 } ] }, { "start": 3105.09, "end": 3109.37, "text": "this apple device with this serial number it'd be very hard to prove otherwise like to hack", "speaker_id": "Speaker 1", "words": [ { "start": 3105.09, "end": 3105.37, "word": " this", "probability": 1.0 }, { "start": 3105.37, "end": 3105.91, "word": " apple", "probability": 0.93017578125 }, { "start": 3105.91, "end": 3106.25, "word": " device", "probability": 1.0 }, { "start": 3106.25, "end": 3106.41, "word": " with", "probability": 0.99853515625 }, { "start": 3106.41, "end": 3106.55, "word": " this", "probability": 0.99609375 }, { "start": 3106.55, "end": 3106.79, "word": " serial", "probability": 0.9990234375 }, { "start": 3106.79, "end": 3107.09, "word": " number", "probability": 1.0 }, { "start": 3107.09, "end": 3107.27, "word": " it'd", "probability": 0.826904296875 }, { "start": 3107.27, "end": 3107.33, "word": " be", "probability": 0.99951171875 }, { "start": 3107.33, "end": 3107.53, "word": " very", "probability": 1.0 }, { "start": 3107.53, "end": 3107.83, "word": " hard", "probability": 1.0 }, { "start": 3107.83, "end": 3108.05, "word": " to", "probability": 1.0 }, { "start": 3108.05, "end": 3108.45, "word": " prove", "probability": 0.86181640625 }, { "start": 3108.45, "end": 3108.73, "word": " otherwise", "probability": 0.99365234375 }, { "start": 3108.73, "end": 3108.97, "word": " like", "probability": 0.99755859375 }, { "start": 3108.97, "end": 3109.11, "word": " to", "probability": 1.0 }, { "start": 3109.11, "end": 3109.37, "word": " hack", "probability": 0.99658203125 } ] }, { "start": 3109.37, "end": 3114.89, "text": "it and make that not the case but the human brain still has just only so much kind of", "speaker_id": "Speaker 1", "words": [ { "start": 3109.37, "end": 3109.53, "word": " it", "probability": 0.99951171875 }, { "start": 3109.53, "end": 3109.81, "word": " and", "probability": 1.0 }, { "start": 3109.81, "end": 3109.97, "word": " make", "probability": 1.0 }, { "start": 3109.97, "end": 3110.13, "word": " that", "probability": 0.99951171875 }, { "start": 3110.13, "end": 3110.29, "word": " not", "probability": 1.0 }, { "start": 3110.29, "end": 3110.41, "word": " the", "probability": 1.0 }, { "start": 3110.41, "end": 3110.77, "word": " case", "probability": 0.99951171875 }, { "start": 3110.77, "end": 3111.71, "word": " but", "probability": 0.998046875 }, { "start": 3111.71, "end": 3112.07, "word": " the", "probability": 0.9990234375 }, { "start": 3112.07, "end": 3112.33, "word": " human", "probability": 1.0 }, { "start": 3112.33, "end": 3113.09, "word": " brain", "probability": 0.97314453125 }, { "start": 3113.09, "end": 3113.37, "word": " still", "probability": 0.642578125 }, { "start": 3113.37, "end": 3113.55, "word": " has", "probability": 0.9990234375 }, { "start": 3113.55, "end": 3113.71, "word": " just", "probability": 0.9990234375 }, { "start": 3113.71, "end": 3113.95, "word": " only", "probability": 0.99951171875 }, { "start": 3113.95, "end": 3114.19, "word": " so", "probability": 1.0 }, { "start": 3114.19, "end": 3114.53, "word": " much", "probability": 0.9990234375 }, { "start": 3114.53, "end": 3114.81, "word": " kind", "probability": 1.0 }, { "start": 3114.81, "end": 3114.89, "word": " of", "probability": 1.0 } ] }, { "start": 3114.89, "end": 3120.01, "text": "bandwidth to matter for all that so like investigators might put a look through and kind of", "speaker_id": "Speaker 1", "words": [ { "start": 3114.89, "end": 3115.31, "word": " bandwidth", "probability": 0.99853515625 }, { "start": 3115.31, "end": 3115.73, "word": " to", "probability": 1.0 }, { "start": 3115.73, "end": 3117.01, "word": " matter", "probability": 0.99951171875 }, { "start": 3117.01, "end": 3117.31, "word": " for", "probability": 1.0 }, { "start": 3117.31, "end": 3117.43, "word": " all", "probability": 0.99951171875 }, { "start": 3117.43, "end": 3117.65, "word": " that", "probability": 1.0 }, { "start": 3117.65, "end": 3117.85, "word": " so", "probability": 0.99169921875 }, { "start": 3117.85, "end": 3117.99, "word": " like", "probability": 0.99755859375 }, { "start": 3117.99, "end": 3118.51, "word": " investigators", "probability": 0.99951171875 }, { "start": 3118.51, "end": 3118.77, "word": " might", "probability": 0.99853515625 }, { "start": 3118.77, "end": 3118.93, "word": " put", "probability": 0.78564453125 }, { "start": 3118.93, "end": 3119.01, "word": " a", "probability": 0.99951171875 }, { "start": 3119.01, "end": 3119.13, "word": " look", "probability": 0.9990234375 }, { "start": 3119.13, "end": 3119.35, "word": " through", "probability": 1.0 }, { "start": 3119.35, "end": 3119.57, "word": " and", "probability": 1.0 }, { "start": 3119.57, "end": 3119.87, "word": " kind", "probability": 0.98974609375 }, { "start": 3119.87, "end": 3120.01, "word": " of", "probability": 1.0 } ] }, { "start": 3120.01, "end": 3124.57, "text": "pinpoint what happened uh but a lot of people are just kind of like there's so much noise", "speaker_id": "Speaker 1", "words": [ { "start": 3120.01, "end": 3120.33, "word": " pinpoint", "probability": 0.99951171875 }, { "start": 3120.33, "end": 3120.63, "word": " what", "probability": 0.99951171875 }, { "start": 3120.63, "end": 3121.05, "word": " happened", "probability": 1.0 }, { "start": 3121.05, "end": 3121.73, "word": " uh", "probability": 0.83203125 }, { "start": 3121.73, "end": 3122.17, "word": " but", "probability": 1.0 }, { "start": 3122.17, "end": 3122.29, "word": " a", "probability": 1.0 }, { "start": 3122.29, "end": 3122.37, "word": " lot", "probability": 1.0 }, { "start": 3122.37, "end": 3122.47, "word": " of", "probability": 0.99951171875 }, { "start": 3122.47, "end": 3122.73, "word": " people", "probability": 1.0 }, { "start": 3122.73, "end": 3122.87, "word": " are", "probability": 1.0 }, { "start": 3122.87, "end": 3122.99, "word": " just", "probability": 1.0 }, { "start": 3122.99, "end": 3123.17, "word": " kind", "probability": 1.0 }, { "start": 3123.17, "end": 3123.23, "word": " of", "probability": 1.0 }, { "start": 3123.23, "end": 3123.35, "word": " like", "probability": 0.9990234375 }, { "start": 3123.35, "end": 3123.63, "word": " there's", "probability": 1.0 }, { "start": 3123.63, "end": 3124.01, "word": " so", "probability": 0.93115234375 }, { "start": 3124.01, "end": 3124.19, "word": " much", "probability": 0.99951171875 }, { "start": 3124.19, "end": 3124.57, "word": " noise", "probability": 0.99951171875 } ] }, { "start": 3124.57, "end": 3128.63, "text": "out there now that almost their world shrinks and one of the one of the kind of the sci -fi", "speaker_id": "Speaker 1", "words": [ { "start": 3124.57, "end": 3124.79, "word": " out", "probability": 0.984375 }, { "start": 3124.79, "end": 3125.01, "word": " there", "probability": 0.99951171875 }, { "start": 3125.01, "end": 3125.23, "word": " now", "probability": 0.99951171875 }, { "start": 3125.23, "end": 3125.39, "word": " that", "probability": 0.9521484375 }, { "start": 3125.39, "end": 3125.67, "word": " almost", "probability": 0.99853515625 }, { "start": 3125.67, "end": 3126.13, "word": " their", "probability": 0.97119140625 }, { "start": 3126.13, "end": 3126.45, "word": " world", "probability": 0.9921875 }, { "start": 3126.45, "end": 3126.83, "word": " shrinks", "probability": 0.992431640625 }, { "start": 3126.83, "end": 3127.03, "word": " and", "probability": 0.1370849609375 }, { "start": 3127.03, "end": 3127.19, "word": " one", "probability": 0.9990234375 }, { "start": 3127.19, "end": 3127.25, "word": " of", "probability": 0.99951171875 }, { "start": 3127.25, "end": 3127.37, "word": " the", "probability": 0.78564453125 }, { "start": 3127.37, "end": 3127.55, "word": " one", "probability": 0.2861328125 }, { "start": 3127.55, "end": 3127.67, "word": " of", "probability": 0.998046875 }, { "start": 3127.67, "end": 3127.87, "word": " the", "probability": 0.99951171875 }, { "start": 3127.87, "end": 3128.11, "word": " kind", "probability": 0.99072265625 }, { "start": 3128.11, "end": 3128.21, "word": " of", "probability": 1.0 }, { "start": 3128.21, "end": 3128.35, "word": " the", "probability": 0.93359375 }, { "start": 3128.35, "end": 3128.49, "word": " sci", "probability": 0.9990234375 }, { "start": 3128.49, "end": 3128.63, "word": "-fi", "probability": 0.998779296875 } ] }, { "start": 3128.63, "end": 3133.71, "text": "things i brought into reality is this idea that technology so far given us almost like a", "speaker_id": "Speaker 1", "words": [ { "start": 3128.63, "end": 3128.85, "word": " things", "probability": 0.998046875 }, { "start": 3128.85, "end": 3128.97, "word": " i", "probability": 0.7490234375 }, { "start": 3128.97, "end": 3129.17, "word": " brought", "probability": 0.9990234375 }, { "start": 3129.17, "end": 3129.41, "word": " into", "probability": 1.0 }, { "start": 3129.41, "end": 3129.87, "word": " reality", "probability": 1.0 }, { "start": 3129.87, "end": 3130.91, "word": " is", "probability": 0.99951171875 }, { "start": 3130.91, "end": 3131.05, "word": " this", "probability": 1.0 }, { "start": 3131.05, "end": 3131.29, "word": " idea", "probability": 1.0 }, { "start": 3131.29, "end": 3131.53, "word": " that", "probability": 1.0 }, { "start": 3131.53, "end": 3132.35, "word": " technology", "probability": 0.95654296875 }, { "start": 3132.35, "end": 3132.61, "word": " so", "probability": 0.79296875 }, { "start": 3132.61, "end": 3132.83, "word": " far", "probability": 1.0 }, { "start": 3132.83, "end": 3133.09, "word": " given", "probability": 0.89404296875 }, { "start": 3133.09, "end": 3133.25, "word": " us", "probability": 0.99951171875 }, { "start": 3133.25, "end": 3133.43, "word": " almost", "probability": 1.0 }, { "start": 3133.43, "end": 3133.59, "word": " like", "probability": 1.0 }, { "start": 3133.59, "end": 3133.71, "word": " a", "probability": 1.0 } ] }, { "start": 3133.71, "end": 3139.49, "text": "bell curve of of global awareness which is obviously a long time ago before we had even", "speaker_id": "Speaker 1", "words": [ { "start": 3133.71, "end": 3133.97, "word": " bell", "probability": 0.99951171875 }, { "start": 3133.97, "end": 3134.35, "word": " curve", "probability": 1.0 }, { "start": 3134.35, "end": 3134.69, "word": " of", "probability": 1.0 }, { "start": 3134.69, "end": 3134.95, "word": " of", "probability": 0.49560546875 }, { "start": 3134.95, "end": 3135.37, "word": " global", "probability": 1.0 }, { "start": 3135.37, "end": 3135.83, "word": " awareness", "probability": 1.0 }, { "start": 3135.83, "end": 3136.59, "word": " which", "probability": 1.0 }, { "start": 3136.59, "end": 3136.85, "word": " is", "probability": 1.0 }, { "start": 3136.85, "end": 3137.45, "word": " obviously", "probability": 1.0 }, { "start": 3137.45, "end": 3137.77, "word": " a", "probability": 0.99755859375 }, { "start": 3137.77, "end": 3138.01, "word": " long", "probability": 1.0 }, { "start": 3138.01, "end": 3138.21, "word": " time", "probability": 1.0 }, { "start": 3138.21, "end": 3138.51, "word": " ago", "probability": 0.99951171875 }, { "start": 3138.51, "end": 3138.89, "word": " before", "probability": 1.0 }, { "start": 3138.89, "end": 3139.05, "word": " we", "probability": 1.0 }, { "start": 3139.05, "end": 3139.29, "word": " had", "probability": 1.0 }, { "start": 3139.29, "end": 3139.49, "word": " even", "probability": 1.0 } ] }, { "start": 3139.49, "end": 3143.83, "text": "like the telegraph or things like that we were obviously very confined to our communities", "speaker_id": "Speaker 1", "words": [ { "start": 3139.49, "end": 3139.65, "word": " like", "probability": 0.9990234375 }, { "start": 3139.65, "end": 3139.77, "word": " the", "probability": 0.99951171875 }, { "start": 3139.77, "end": 3140.35, "word": " telegraph", "probability": 0.996826171875 }, { "start": 3140.35, "end": 3140.67, "word": " or", "probability": 1.0 }, { "start": 3140.67, "end": 3141.19, "word": " things", "probability": 0.69873046875 }, { "start": 3141.19, "end": 3141.37, "word": " like", "probability": 1.0 }, { "start": 3141.37, "end": 3141.59, "word": " that", "probability": 0.9990234375 }, { "start": 3141.59, "end": 3141.79, "word": " we", "probability": 1.0 }, { "start": 3141.79, "end": 3141.95, "word": " were", "probability": 0.99951171875 }, { "start": 3141.95, "end": 3142.21, "word": " obviously", "probability": 0.99951171875 }, { "start": 3142.21, "end": 3142.47, "word": " very", "probability": 0.99951171875 }, { "start": 3142.47, "end": 3142.91, "word": " confined", "probability": 1.0 }, { "start": 3142.91, "end": 3143.05, "word": " to", "probability": 0.9990234375 }, { "start": 3143.05, "end": 3143.23, "word": " our", "probability": 1.0 }, { "start": 3143.23, "end": 3143.83, "word": " communities", "probability": 0.48779296875 } ] }, { "start": 3143.83, "end": 3149.11, "text": "our local areas traveling far was like a rare thing that only a few people did and even", "speaker_id": "Speaker 1", "words": [ { "start": 3143.83, "end": 3144.07, "word": " our", "probability": 1.0 }, { "start": 3144.07, "end": 3144.37, "word": " local", "probability": 0.99951171875 }, { "start": 3144.37, "end": 3144.81, "word": " areas", "probability": 1.0 }, { "start": 3144.81, "end": 3145.59, "word": " traveling", "probability": 0.99951171875 }, { "start": 3145.59, "end": 3145.95, "word": " far", "probability": 1.0 }, { "start": 3145.95, "end": 3146.21, "word": " was", "probability": 1.0 }, { "start": 3146.21, "end": 3146.37, "word": " like", "probability": 0.9990234375 }, { "start": 3146.37, "end": 3146.55, "word": " a", "probability": 1.0 }, { "start": 3146.55, "end": 3147.05, "word": " rare", "probability": 1.0 }, { "start": 3147.05, "end": 3147.69, "word": " thing", "probability": 0.99951171875 }, { "start": 3147.69, "end": 3147.91, "word": " that", "probability": 0.97607421875 }, { "start": 3147.91, "end": 3148.11, "word": " only", "probability": 0.99951171875 }, { "start": 3148.11, "end": 3148.25, "word": " a", "probability": 1.0 }, { "start": 3148.25, "end": 3148.35, "word": " few", "probability": 0.99951171875 }, { "start": 3148.35, "end": 3148.63, "word": " people", "probability": 0.99951171875 }, { "start": 3148.63, "end": 3148.83, "word": " did", "probability": 0.99951171875 }, { "start": 3148.83, "end": 3148.99, "word": " and", "probability": 0.99853515625 }, { "start": 3148.99, "end": 3149.11, "word": " even", "probability": 0.99658203125 } ] }, { "start": 3149.11, "end": 3153.79, "text": "information arrived very slowly and then i would say kind of like in the in the 20th", "speaker_id": "Speaker 1", "words": [ { "start": 3149.11, "end": 3149.67, "word": " information", "probability": 1.0 }, { "start": 3149.67, "end": 3150.11, "word": " arrived", "probability": 0.9912109375 }, { "start": 3150.11, "end": 3150.37, "word": " very", "probability": 1.0 }, { "start": 3150.37, "end": 3150.71, "word": " slowly", "probability": 1.0 }, { "start": 3150.71, "end": 3151.41, "word": " and", "probability": 0.051788330078125 }, { "start": 3151.41, "end": 3151.59, "word": " then", "probability": 0.99951171875 }, { "start": 3151.59, "end": 3152.29, "word": " i", "probability": 0.2890625 }, { "start": 3152.29, "end": 3152.41, "word": " would", "probability": 1.0 }, { "start": 3152.41, "end": 3152.57, "word": " say", "probability": 1.0 }, { "start": 3152.57, "end": 3152.75, "word": " kind", "probability": 0.99951171875 }, { "start": 3152.75, "end": 3152.81, "word": " of", "probability": 1.0 }, { "start": 3152.81, "end": 3152.95, "word": " like", "probability": 0.99951171875 }, { "start": 3152.95, "end": 3153.07, "word": " in", "probability": 1.0 }, { "start": 3153.07, "end": 3153.27, "word": " the", "probability": 0.95458984375 }, { "start": 3153.27, "end": 3153.27, "word": " in", "probability": 0.7509765625 }, { "start": 3153.27, "end": 3153.39, "word": " the", "probability": 1.0 }, { "start": 3153.39, "end": 3153.79, "word": " 20th", "probability": 0.999755859375 } ] }, { "start": 3153.79, "end": 3158.51, "text": "century obviously when we have video and all this we're suddenly in this like really", "speaker_id": "Speaker 1", "words": [ { "start": 3153.79, "end": 3154.21, "word": " century", "probability": 1.0 }, { "start": 3154.21, "end": 3155.23, "word": " obviously", "probability": 0.90087890625 }, { "start": 3155.23, "end": 3155.47, "word": " when", "probability": 1.0 }, { "start": 3155.47, "end": 3155.57, "word": " we", "probability": 1.0 }, { "start": 3155.57, "end": 3155.71, "word": " have", "probability": 1.0 }, { "start": 3155.71, "end": 3156.11, "word": " video", "probability": 1.0 }, { "start": 3156.11, "end": 3156.89, "word": " and", "probability": 1.0 }, { "start": 3156.89, "end": 3157.05, "word": " all", "probability": 0.99951171875 }, { "start": 3157.05, "end": 3157.33, "word": " this", "probability": 1.0 }, { "start": 3157.33, "end": 3157.75, "word": " we're", "probability": 1.0 }, { "start": 3157.75, "end": 3157.95, "word": " suddenly", "probability": 0.86669921875 }, { "start": 3157.95, "end": 3158.09, "word": " in", "probability": 0.97705078125 }, { "start": 3158.09, "end": 3158.17, "word": " this", "probability": 1.0 }, { "start": 3158.17, "end": 3158.29, "word": " like", "probability": 0.998046875 }, { "start": 3158.29, "end": 3158.51, "word": " really", "probability": 1.0 } ] }, { "start": 3158.51, "end": 3163.17, "text": "connected world and we're in a world where it's it's much easier to capture and share video", "speaker_id": "Speaker 1", "words": [ { "start": 3158.51, "end": 3159.03, "word": " connected", "probability": 1.0 }, { "start": 3159.03, "end": 3159.45, "word": " world", "probability": 1.0 }, { "start": 3159.45, "end": 3160.35, "word": " and", "probability": 1.0 }, { "start": 3160.35, "end": 3160.63, "word": " we're", "probability": 1.0 }, { "start": 3160.63, "end": 3160.71, "word": " in", "probability": 1.0 }, { "start": 3160.71, "end": 3160.77, "word": " a", "probability": 1.0 }, { "start": 3160.77, "end": 3160.95, "word": " world", "probability": 0.99951171875 }, { "start": 3160.95, "end": 3161.09, "word": " where", "probability": 1.0 }, { "start": 3161.09, "end": 3161.37, "word": " it's", "probability": 1.0 }, { "start": 3161.37, "end": 3161.43, "word": " it's", "probability": 0.759521484375 }, { "start": 3161.43, "end": 3161.55, "word": " much", "probability": 0.99853515625 }, { "start": 3161.55, "end": 3161.85, "word": " easier", "probability": 1.0 }, { "start": 3161.85, "end": 3161.99, "word": " to", "probability": 1.0 }, { "start": 3161.99, "end": 3162.39, "word": " capture", "probability": 1.0 }, { "start": 3162.39, "end": 3162.57, "word": " and", "probability": 1.0 }, { "start": 3162.57, "end": 3162.81, "word": " share", "probability": 0.99951171875 }, { "start": 3162.81, "end": 3163.17, "word": " video", "probability": 1.0 } ] }, { "start": 3163.17, "end": 3168.43, "text": "than it is to like doctor videos like fake videos uh so we kind of had like a peak", "speaker_id": "Speaker 1", "words": [ { "start": 3163.17, "end": 3163.35, "word": " than", "probability": 0.99951171875 }, { "start": 3163.35, "end": 3163.45, "word": " it", "probability": 1.0 }, { "start": 3163.45, "end": 3163.59, "word": " is", "probability": 1.0 }, { "start": 3163.59, "end": 3163.73, "word": " to", "probability": 0.99951171875 }, { "start": 3163.73, "end": 3163.93, "word": " like", "probability": 0.9990234375 }, { "start": 3163.93, "end": 3164.39, "word": " doctor", "probability": 0.99853515625 }, { "start": 3164.39, "end": 3164.75, "word": " videos", "probability": 1.0 }, { "start": 3164.75, "end": 3164.93, "word": " like", "probability": 1.0 }, { "start": 3164.93, "end": 3165.17, "word": " fake", "probability": 0.99951171875 }, { "start": 3165.17, "end": 3165.59, "word": " videos", "probability": 0.99951171875 }, { "start": 3165.59, "end": 3166.17, "word": " uh", "probability": 0.91796875 }, { "start": 3166.17, "end": 3166.51, "word": " so", "probability": 1.0 }, { "start": 3166.51, "end": 3166.69, "word": " we", "probability": 1.0 }, { "start": 3166.69, "end": 3166.89, "word": " kind", "probability": 1.0 }, { "start": 3166.89, "end": 3167.05, "word": " of", "probability": 1.0 }, { "start": 3167.05, "end": 3167.81, "word": " had", "probability": 0.99951171875 }, { "start": 3167.81, "end": 3168.05, "word": " like", "probability": 0.9921875 }, { "start": 3168.05, "end": 3168.17, "word": " a", "probability": 1.0 }, { "start": 3168.17, "end": 3168.43, "word": " peak", "probability": 0.99609375 } ] }, { "start": 3168.43, "end": 3172.81, "text": "understanding of like what what is actually happening in the world and then we also had", "speaker_id": "Speaker 1", "words": [ { "start": 3168.43, "end": 3168.91, "word": " understanding", "probability": 1.0 }, { "start": 3168.91, "end": 3169.17, "word": " of", "probability": 1.0 }, { "start": 3169.17, "end": 3169.35, "word": " like", "probability": 0.9990234375 }, { "start": 3169.35, "end": 3169.57, "word": " what", "probability": 1.0 }, { "start": 3169.57, "end": 3169.75, "word": " what", "probability": 0.98046875 }, { "start": 3169.75, "end": 3169.89, "word": " is", "probability": 1.0 }, { "start": 3169.89, "end": 3170.15, "word": " actually", "probability": 0.99951171875 }, { "start": 3170.15, "end": 3170.51, "word": " happening", "probability": 1.0 }, { "start": 3170.51, "end": 3170.65, "word": " in", "probability": 1.0 }, { "start": 3170.65, "end": 3170.71, "word": " the", "probability": 0.9990234375 }, { "start": 3170.71, "end": 3171.01, "word": " world", "probability": 0.9990234375 }, { "start": 3171.01, "end": 3171.73, "word": " and", "probability": 1.0 }, { "start": 3171.73, "end": 3171.91, "word": " then", "probability": 1.0 }, { "start": 3171.91, "end": 3172.33, "word": " we", "probability": 1.0 }, { "start": 3172.33, "end": 3172.57, "word": " also", "probability": 1.0 }, { "start": 3172.57, "end": 3172.81, "word": " had", "probability": 1.0 } ] }, { "start": 3172.81, "end": 3176.67, "text": "kind of like um we had trust in media trust institutions so for example the combination", "speaker_id": "Speaker 1", "words": [ { "start": 3172.81, "end": 3173.01, "word": " kind", "probability": 1.0 }, { "start": 3173.01, "end": 3173.09, "word": " of", "probability": 1.0 }, { "start": 3173.09, "end": 3173.27, "word": " like", "probability": 0.9970703125 }, { "start": 3173.27, "end": 3173.47, "word": " um", "probability": 0.99462890625 }, { "start": 3173.47, "end": 3173.95, "word": " we", "probability": 1.0 }, { "start": 3173.95, "end": 3174.07, "word": " had", "probability": 0.99951171875 }, { "start": 3174.07, "end": 3174.37, "word": " trust", "probability": 0.8447265625 }, { "start": 3174.37, "end": 3174.53, "word": " in", "probability": 0.99658203125 }, { "start": 3174.53, "end": 3174.81, "word": " media", "probability": 1.0 }, { "start": 3174.81, "end": 3175.09, "word": " trust", "probability": 0.99853515625 }, { "start": 3175.09, "end": 3175.65, "word": " institutions", "probability": 0.5634765625 }, { "start": 3175.65, "end": 3175.93, "word": " so", "probability": 0.99951171875 }, { "start": 3175.93, "end": 3176.05, "word": " for", "probability": 0.7802734375 }, { "start": 3176.05, "end": 3176.17, "word": " example", "probability": 0.91552734375 }, { "start": 3176.17, "end": 3176.35, "word": " the", "probability": 0.99072265625 }, { "start": 3176.35, "end": 3176.67, "word": " combination", "probability": 0.998046875 } ] }, { "start": 3176.67, "end": 3181.35, "text": "like video and like walter cronkite saying here's things that are happening we all kind of", "speaker_id": "Speaker 1", "words": [ { "start": 3176.67, "end": 3176.91, "word": " like", "probability": 0.7451171875 }, { "start": 3176.91, "end": 3177.23, "word": " video", "probability": 0.9658203125 }, { "start": 3177.23, "end": 3177.53, "word": " and", "probability": 0.9609375 }, { "start": 3177.53, "end": 3177.69, "word": " like", "probability": 0.89794921875 }, { "start": 3177.69, "end": 3178.07, "word": " walter", "probability": 0.60455322265625 }, { "start": 3178.07, "end": 3178.59, "word": " cronkite", "probability": 0.9898681640625 }, { "start": 3178.59, "end": 3178.99, "word": " saying", "probability": 0.99951171875 }, { "start": 3178.99, "end": 3179.35, "word": " here's", "probability": 0.999267578125 }, { "start": 3179.35, "end": 3179.53, "word": " things", "probability": 1.0 }, { "start": 3179.53, "end": 3179.67, "word": " that", "probability": 1.0 }, { "start": 3179.67, "end": 3179.73, "word": " are", "probability": 1.0 }, { "start": 3179.73, "end": 3180.11, "word": " happening", "probability": 1.0 }, { "start": 3180.11, "end": 3180.73, "word": " we", "probability": 0.998046875 }, { "start": 3180.73, "end": 3180.95, "word": " all", "probability": 1.0 }, { "start": 3180.95, "end": 3181.19, "word": " kind", "probability": 1.0 }, { "start": 3181.19, "end": 3181.35, "word": " of", "probability": 1.0 } ] }, { "start": 3181.35, "end": 3185.77, "text": "would agree on roughly what is happening and then disagree on on certain kind of margins", "speaker_id": "Speaker 1", "words": [ { "start": 3181.35, "end": 3181.53, "word": " would", "probability": 1.0 }, { "start": 3181.53, "end": 3181.79, "word": " agree", "probability": 1.0 }, { "start": 3181.79, "end": 3181.99, "word": " on", "probability": 0.99951171875 }, { "start": 3181.99, "end": 3182.29, "word": " roughly", "probability": 1.0 }, { "start": 3182.29, "end": 3182.47, "word": " what", "probability": 1.0 }, { "start": 3182.47, "end": 3182.61, "word": " is", "probability": 1.0 }, { "start": 3182.61, "end": 3182.97, "word": " happening", "probability": 0.99951171875 }, { "start": 3182.97, "end": 3183.21, "word": " and", "probability": 1.0 }, { "start": 3183.21, "end": 3183.39, "word": " then", "probability": 1.0 }, { "start": 3183.39, "end": 3184.01, "word": " disagree", "probability": 1.0 }, { "start": 3184.01, "end": 3184.31, "word": " on", "probability": 1.0 }, { "start": 3184.31, "end": 3184.57, "word": " on", "probability": 0.93896484375 }, { "start": 3184.57, "end": 3184.99, "word": " certain", "probability": 0.78759765625 }, { "start": 3184.99, "end": 3185.33, "word": " kind", "probability": 0.99755859375 }, { "start": 3185.33, "end": 3185.41, "word": " of", "probability": 1.0 }, { "start": 3185.41, "end": 3185.77, "word": " margins", "probability": 0.99951171875 } ] }, { "start": 3185.77, "end": 3191.57, "text": "whereas we've kind of now when we get to the age of like ai and things like that video as", "speaker_id": "Speaker 1", "words": [ { "start": 3185.77, "end": 3186.59, "word": " whereas", "probability": 0.9970703125 }, { "start": 3186.59, "end": 3187.03, "word": " we've", "probability": 0.7178955078125 }, { "start": 3187.03, "end": 3187.15, "word": " kind", "probability": 0.99267578125 }, { "start": 3187.15, "end": 3187.27, "word": " of", "probability": 0.99951171875 }, { "start": 3187.27, "end": 3187.53, "word": " now", "probability": 1.0 }, { "start": 3187.53, "end": 3187.77, "word": " when", "probability": 1.0 }, { "start": 3187.77, "end": 3187.85, "word": " we", "probability": 1.0 }, { "start": 3187.85, "end": 3187.97, "word": " get", "probability": 1.0 }, { "start": 3187.97, "end": 3188.09, "word": " to", "probability": 1.0 }, { "start": 3188.09, "end": 3188.21, "word": " the", "probability": 1.0 }, { "start": 3188.21, "end": 3188.43, "word": " age", "probability": 1.0 }, { "start": 3188.43, "end": 3188.55, "word": " of", "probability": 1.0 }, { "start": 3188.55, "end": 3188.69, "word": " like", "probability": 0.99951171875 }, { "start": 3188.69, "end": 3188.99, "word": " ai", "probability": 0.97900390625 }, { "start": 3188.99, "end": 3189.33, "word": " and", "probability": 0.9990234375 }, { "start": 3189.33, "end": 3189.51, "word": " things", "probability": 0.99951171875 }, { "start": 3189.51, "end": 3189.69, "word": " like", "probability": 1.0 }, { "start": 3189.69, "end": 3190.03, "word": " that", "probability": 0.99951171875 }, { "start": 3190.03, "end": 3191.27, "word": " video", "probability": 0.99951171875 }, { "start": 3191.27, "end": 3191.57, "word": " as", "probability": 0.99853515625 } ] }, { "start": 3191.57, "end": 3197.43, "text": "as proof has gone down a ton uh trust in in authorities has gone down a ton institutions", "speaker_id": "Speaker 1", "words": [ { "start": 3191.57, "end": 3191.79, "word": " as", "probability": 0.96630859375 }, { "start": 3191.79, "end": 3192.15, "word": " proof", "probability": 0.99951171875 }, { "start": 3192.15, "end": 3192.49, "word": " has", "probability": 1.0 }, { "start": 3192.49, "end": 3192.71, "word": " gone", "probability": 1.0 }, { "start": 3192.71, "end": 3192.95, "word": " down", "probability": 1.0 }, { "start": 3192.95, "end": 3193.17, "word": " a", "probability": 1.0 }, { "start": 3193.17, "end": 3193.39, "word": " ton", "probability": 0.99755859375 }, { "start": 3193.39, "end": 3194.17, "word": " uh", "probability": 0.9501953125 }, { "start": 3194.17, "end": 3194.69, "word": " trust", "probability": 1.0 }, { "start": 3194.69, "end": 3195.11, "word": " in", "probability": 1.0 }, { "start": 3195.11, "end": 3195.39, "word": " in", "probability": 0.99853515625 }, { "start": 3195.39, "end": 3195.83, "word": " authorities", "probability": 0.9990234375 }, { "start": 3195.83, "end": 3196.11, "word": " has", "probability": 1.0 }, { "start": 3196.11, "end": 3196.29, "word": " gone", "probability": 1.0 }, { "start": 3196.29, "end": 3196.49, "word": " down", "probability": 1.0 }, { "start": 3196.49, "end": 3196.67, "word": " a", "probability": 0.99853515625 }, { "start": 3196.67, "end": 3196.81, "word": " ton", "probability": 0.9990234375 }, { "start": 3196.81, "end": 3197.43, "word": " institutions", "probability": 0.9951171875 } ] }, { "start": 3197.43, "end": 3203.09, "text": "governments and all this and so when things happen people are kind of like did that happen", "speaker_id": "Speaker 1", "words": [ { "start": 3197.43, "end": 3198.23, "word": " governments", "probability": 0.9990234375 }, { "start": 3198.23, "end": 3198.63, "word": " and", "probability": 1.0 }, { "start": 3198.63, "end": 3198.79, "word": " all", "probability": 0.9990234375 }, { "start": 3198.79, "end": 3199.15, "word": " this", "probability": 0.99951171875 }, { "start": 3199.15, "end": 3199.91, "word": " and", "probability": 1.0 }, { "start": 3199.91, "end": 3200.19, "word": " so", "probability": 0.98681640625 }, { "start": 3200.19, "end": 3201.07, "word": " when", "probability": 1.0 }, { "start": 3201.07, "end": 3201.31, "word": " things", "probability": 1.0 }, { "start": 3201.31, "end": 3201.73, "word": " happen", "probability": 0.99609375 }, { "start": 3201.73, "end": 3202.01, "word": " people", "probability": 1.0 }, { "start": 3202.01, "end": 3202.15, "word": " are", "probability": 0.458984375 }, { "start": 3202.15, "end": 3202.23, "word": " kind", "probability": 0.99267578125 }, { "start": 3202.23, "end": 3202.25, "word": " of", "probability": 0.990234375 }, { "start": 3202.25, "end": 3202.37, "word": " like", "probability": 1.0 }, { "start": 3202.37, "end": 3202.57, "word": " did", "probability": 0.99951171875 }, { "start": 3202.57, "end": 3202.73, "word": " that", "probability": 1.0 }, { "start": 3202.73, "end": 3203.09, "word": " happen", "probability": 0.99951171875 } ] }, { "start": 3203.09, "end": 3208.57, "text": "and like if it did happen it is is the narrative blowing it out of proportion or shrinking", "speaker_id": "Speaker 1", "words": [ { "start": 3203.09, "end": 3203.61, "word": " and", "probability": 0.99853515625 }, { "start": 3203.61, "end": 3203.91, "word": " like", "probability": 1.0 }, { "start": 3203.91, "end": 3204.37, "word": " if", "probability": 1.0 }, { "start": 3204.37, "end": 3204.51, "word": " it", "probability": 1.0 }, { "start": 3204.51, "end": 3204.67, "word": " did", "probability": 1.0 }, { "start": 3204.67, "end": 3205.05, "word": " happen", "probability": 0.99951171875 }, { "start": 3205.05, "end": 3205.33, "word": " it", "probability": 0.24755859375 }, { "start": 3205.33, "end": 3205.75, "word": " is", "probability": 0.9990234375 }, { "start": 3205.75, "end": 3205.99, "word": " is", "probability": 0.30908203125 }, { "start": 3205.99, "end": 3206.09, "word": " the", "probability": 0.97119140625 }, { "start": 3206.09, "end": 3206.49, "word": " narrative", "probability": 0.9990234375 }, { "start": 3206.49, "end": 3207.45, "word": " blowing", "probability": 0.99560546875 }, { "start": 3207.45, "end": 3207.59, "word": " it", "probability": 0.9443359375 }, { "start": 3207.59, "end": 3207.65, "word": " out", "probability": 0.9990234375 }, { "start": 3207.65, "end": 3207.75, "word": " of", "probability": 0.97216796875 }, { "start": 3207.75, "end": 3208.11, "word": " proportion", "probability": 0.99951171875 }, { "start": 3208.11, "end": 3208.29, "word": " or", "probability": 0.998046875 }, { "start": 3208.29, "end": 3208.57, "word": " shrinking", "probability": 1.0 } ] }, { "start": 3208.57, "end": 3213.13, "text": "it compared to what's happening why is my intent like is the out it out of 10 things that", "speaker_id": "Speaker 1", "words": [ { "start": 3208.57, "end": 3208.81, "word": " it", "probability": 0.99951171875 }, { "start": 3208.81, "end": 3209.11, "word": " compared", "probability": 0.9970703125 }, { "start": 3209.11, "end": 3209.29, "word": " to", "probability": 1.0 }, { "start": 3209.29, "end": 3209.63, "word": " what's", "probability": 0.99951171875 }, { "start": 3209.63, "end": 3209.93, "word": " happening", "probability": 0.99951171875 }, { "start": 3209.93, "end": 3210.17, "word": " why", "probability": 0.004535675048828125 }, { "start": 3210.17, "end": 3210.31, "word": " is", "probability": 0.99658203125 }, { "start": 3210.31, "end": 3210.43, "word": " my", "probability": 0.99560546875 }, { "start": 3210.43, "end": 3210.65, "word": " intent", "probability": 0.43505859375 }, { "start": 3210.65, "end": 3210.85, "word": " like", "probability": 0.95947265625 }, { "start": 3210.85, "end": 3211.33, "word": " is", "probability": 0.98681640625 }, { "start": 3211.33, "end": 3211.45, "word": " the", "probability": 0.666015625 }, { "start": 3211.45, "end": 3211.67, "word": " out", "probability": 0.97607421875 }, { "start": 3211.67, "end": 3211.85, "word": " it", "probability": 0.418212890625 }, { "start": 3211.85, "end": 3212.43, "word": " out", "probability": 0.99951171875 }, { "start": 3212.43, "end": 3212.53, "word": " of", "probability": 1.0 }, { "start": 3212.53, "end": 3212.75, "word": " 10", "probability": 0.91357421875 }, { "start": 3212.75, "end": 3213.01, "word": " things", "probability": 1.0 }, { "start": 3213.01, "end": 3213.13, "word": " that", "probability": 0.9990234375 } ] }, { "start": 3213.13, "end": 3217.55, "text": "happened why is the algorithm focusing on this one is this actually the biggest thing maybe", "speaker_id": "Speaker 1", "words": [ { "start": 3213.13, "end": 3213.47, "word": " happened", "probability": 0.7431640625 }, { "start": 3213.47, "end": 3213.73, "word": " why", "probability": 0.9990234375 }, { "start": 3213.73, "end": 3213.87, "word": " is", "probability": 1.0 }, { "start": 3213.87, "end": 3213.95, "word": " the", "probability": 0.99951171875 }, { "start": 3213.95, "end": 3214.29, "word": " algorithm", "probability": 0.99951171875 }, { "start": 3214.29, "end": 3215.07, "word": " focusing", "probability": 1.0 }, { "start": 3215.07, "end": 3215.25, "word": " on", "probability": 1.0 }, { "start": 3215.25, "end": 3215.41, "word": " this", "probability": 1.0 }, { "start": 3215.41, "end": 3215.57, "word": " one", "probability": 1.0 }, { "start": 3215.57, "end": 3215.71, "word": " is", "probability": 0.99853515625 }, { "start": 3215.71, "end": 3215.83, "word": " this", "probability": 0.998046875 }, { "start": 3215.83, "end": 3216.23, "word": " actually", "probability": 1.0 }, { "start": 3216.23, "end": 3216.41, "word": " the", "probability": 1.0 }, { "start": 3216.41, "end": 3216.81, "word": " biggest", "probability": 0.9921875 }, { "start": 3216.81, "end": 3217.09, "word": " thing", "probability": 1.0 }, { "start": 3217.09, "end": 3217.55, "word": " maybe", "probability": 0.99853515625 } ] }, { "start": 3217.55, "end": 3221.71, "text": "it is or is it just that the algorithm wants me to look at this thing because it doesn't", "speaker_id": "Speaker 1", "words": [ { "start": 3217.55, "end": 3217.71, "word": " it", "probability": 1.0 }, { "start": 3217.71, "end": 3218.03, "word": " is", "probability": 1.0 }, { "start": 3218.03, "end": 3218.85, "word": " or", "probability": 0.99951171875 }, { "start": 3218.85, "end": 3219.25, "word": " is", "probability": 1.0 }, { "start": 3219.25, "end": 3219.37, "word": " it", "probability": 1.0 }, { "start": 3219.37, "end": 3219.51, "word": " just", "probability": 1.0 }, { "start": 3219.51, "end": 3219.67, "word": " that", "probability": 0.99951171875 }, { "start": 3219.67, "end": 3219.79, "word": " the", "probability": 1.0 }, { "start": 3219.79, "end": 3220.15, "word": " algorithm", "probability": 1.0 }, { "start": 3220.15, "end": 3220.43, "word": " wants", "probability": 1.0 }, { "start": 3220.43, "end": 3220.55, "word": " me", "probability": 0.9990234375 }, { "start": 3220.55, "end": 3220.61, "word": " to", "probability": 1.0 }, { "start": 3220.61, "end": 3220.75, "word": " look", "probability": 1.0 }, { "start": 3220.75, "end": 3220.85, "word": " at", "probability": 1.0 }, { "start": 3220.85, "end": 3221.05, "word": " this", "probability": 1.0 }, { "start": 3221.05, "end": 3221.23, "word": " thing", "probability": 1.0 }, { "start": 3221.23, "end": 3221.41, "word": " because", "probability": 0.99951171875 }, { "start": 3221.41, "end": 3221.51, "word": " it", "probability": 0.99951171875 }, { "start": 3221.51, "end": 3221.71, "word": " doesn't", "probability": 1.0 } ] }, { "start": 3221.71, "end": 3226.69, "text": "want me to look at this other thing and and so that clutter in some ways it shrinks our", "speaker_id": "Speaker 1", "words": [ { "start": 3221.71, "end": 3221.79, "word": " want", "probability": 1.0 }, { "start": 3221.79, "end": 3221.89, "word": " me", "probability": 0.99560546875 }, { "start": 3221.89, "end": 3221.93, "word": " to", "probability": 0.974609375 }, { "start": 3221.93, "end": 3222.03, "word": " look", "probability": 0.99951171875 }, { "start": 3222.03, "end": 3222.11, "word": " at", "probability": 1.0 }, { "start": 3222.11, "end": 3222.25, "word": " this", "probability": 1.0 }, { "start": 3222.25, "end": 3222.41, "word": " other", "probability": 1.0 }, { "start": 3222.41, "end": 3222.65, "word": " thing", "probability": 1.0 }, { "start": 3222.65, "end": 3223.17, "word": " and", "probability": 0.998046875 }, { "start": 3223.17, "end": 3223.37, "word": " and", "probability": 0.9931640625 }, { "start": 3223.37, "end": 3223.57, "word": " so", "probability": 1.0 }, { "start": 3223.57, "end": 3223.77, "word": " that", "probability": 1.0 }, { "start": 3223.77, "end": 3224.17, "word": " clutter", "probability": 1.0 }, { "start": 3224.69, "end": 3224.89, "word": " in", "probability": 1.0 }, { "start": 3224.89, "end": 3225.13, "word": " some", "probability": 1.0 }, { "start": 3225.13, "end": 3225.53, "word": " ways", "probability": 1.0 }, { "start": 3225.53, "end": 3226.27, "word": " it", "probability": 0.763671875 }, { "start": 3226.27, "end": 3226.55, "word": " shrinks", "probability": 0.999755859375 }, { "start": 3226.55, "end": 3226.69, "word": " our", "probability": 1.0 } ] }, { "start": 3226.69, "end": 3232.85, "text": "world back down because people are just kind of like that's all crazy and messy and sad. So", "speaker_id": "Speaker 1", "words": [ { "start": 3226.69, "end": 3226.95, "word": " world", "probability": 1.0 }, { "start": 3226.95, "end": 3227.19, "word": " back", "probability": 1.0 }, { "start": 3227.19, "end": 3227.47, "word": " down", "probability": 1.0 }, { "start": 3227.47, "end": 3227.85, "word": " because", "probability": 1.0 }, { "start": 3227.85, "end": 3228.07, "word": " people", "probability": 1.0 }, { "start": 3228.07, "end": 3228.21, "word": " are", "probability": 0.99365234375 }, { "start": 3228.21, "end": 3228.29, "word": " just", "probability": 0.9970703125 }, { "start": 3228.29, "end": 3228.43, "word": " kind", "probability": 1.0 }, { "start": 3228.43, "end": 3228.49, "word": " of", "probability": 1.0 }, { "start": 3228.49, "end": 3228.75, "word": " like", "probability": 1.0 }, { "start": 3228.75, "end": 3229.87, "word": " that's", "probability": 1.0 }, { "start": 3229.87, "end": 3230.11, "word": " all", "probability": 1.0 }, { "start": 3230.11, "end": 3230.73, "word": " crazy", "probability": 0.9306640625 }, { "start": 3230.73, "end": 3230.91, "word": " and", "probability": 0.98974609375 }, { "start": 3230.91, "end": 3231.15, "word": " messy", "probability": 0.99951171875 }, { "start": 3231.15, "end": 3231.31, "word": " and", "probability": 0.99951171875 }, { "start": 3231.31, "end": 3231.69, "word": " sad.", "probability": 1.0 }, { "start": 3232.49, "end": 3232.85, "word": " So", "probability": 0.98583984375 } ] }, { "start": 3232.85, "end": 3237.27, "text": "I'm going to focus a little bit more locally. And I think that's actually kind of like a", "speaker_id": "Speaker 1", "words": [ { "start": 3232.85, "end": 3233.21, "word": " I'm", "probability": 0.98681640625 }, { "start": 3233.21, "end": 3233.29, "word": " going", "probability": 0.91943359375 }, { "start": 3233.29, "end": 3233.51, "word": " to", "probability": 1.0 }, { "start": 3233.51, "end": 3234.69, "word": " focus", "probability": 0.9990234375 }, { "start": 3234.69, "end": 3234.87, "word": " a", "probability": 1.0 }, { "start": 3234.87, "end": 3234.91, "word": " little", "probability": 0.99951171875 }, { "start": 3234.91, "end": 3235.03, "word": " bit", "probability": 0.99951171875 }, { "start": 3235.03, "end": 3235.21, "word": " more", "probability": 1.0 }, { "start": 3235.21, "end": 3235.63, "word": " locally.", "probability": 0.99951171875 }, { "start": 3235.87, "end": 3235.95, "word": " And", "probability": 0.9921875 }, { "start": 3235.95, "end": 3236.21, "word": " I", "probability": 0.982421875 }, { "start": 3236.21, "end": 3236.31, "word": " think", "probability": 1.0 }, { "start": 3236.31, "end": 3236.51, "word": " that's", "probability": 1.0 }, { "start": 3236.51, "end": 3236.69, "word": " actually", "probability": 0.9697265625 }, { "start": 3236.69, "end": 3236.83, "word": " kind", "probability": 0.97802734375 }, { "start": 3236.83, "end": 3236.89, "word": " of", "probability": 1.0 }, { "start": 3236.89, "end": 3237.01, "word": " like", "probability": 0.77099609375 }, { "start": 3237.01, "end": 3237.27, "word": " a", "probability": 0.99853515625 } ] }, { "start": 3237.27, "end": 3241.11, "text": "kind of a trend that technology has sort of contributed to.", "speaker_id": "Speaker 1", "words": [ { "start": 3237.27, "end": 3237.85, "word": " kind", "probability": 0.515625 }, { "start": 3237.85, "end": 3237.95, "word": " of", "probability": 1.0 }, { "start": 3237.95, "end": 3238.03, "word": " a", "probability": 0.9970703125 }, { "start": 3238.03, "end": 3238.41, "word": " trend", "probability": 1.0 }, { "start": 3238.41, "end": 3239.09, "word": " that", "probability": 0.998046875 }, { "start": 3239.09, "end": 3239.61, "word": " technology", "probability": 1.0 }, { "start": 3239.61, "end": 3239.93, "word": " has", "probability": 1.0 }, { "start": 3239.93, "end": 3240.29, "word": " sort", "probability": 0.7978515625 }, { "start": 3240.29, "end": 3240.43, "word": " of", "probability": 1.0 }, { "start": 3240.43, "end": 3240.83, "word": " contributed", "probability": 1.0 }, { "start": 3240.83, "end": 3241.11, "word": " to.", "probability": 1.0 } ] }, { "start": 3241.71, "end": 3245.67, "text": "Fantastic stuff. Lynn, such a great, fun conversation. Thank you for wearing so many", "speaker_id": "Speaker 2", "words": [ { "start": 3241.71, "end": 3242.07, "word": " Fantastic", "probability": 0.994140625 }, { "start": 3242.07, "end": 3242.43, "word": " stuff.", "probability": 1.0 }, { "start": 3242.79, "end": 3242.97, "word": " Lynn,", "probability": 0.865234375 }, { "start": 3243.09, "end": 3243.23, "word": " such", "probability": 0.99951171875 }, { "start": 3243.23, "end": 3243.35, "word": " a", "probability": 1.0 }, { "start": 3243.35, "end": 3243.63, "word": " great,", "probability": 1.0 }, { "start": 3243.81, "end": 3243.93, "word": " fun", "probability": 1.0 }, { "start": 3243.93, "end": 3244.55, "word": " conversation.", "probability": 1.0 }, { "start": 3244.77, "end": 3244.85, "word": " Thank", "probability": 1.0 }, { "start": 3244.85, "end": 3245.01, "word": " you", "probability": 1.0 }, { "start": 3245.01, "end": 3245.15, "word": " for", "probability": 1.0 }, { "start": 3245.15, "end": 3245.35, "word": " wearing", "probability": 0.99951171875 }, { "start": 3245.35, "end": 3245.53, "word": " so", "probability": 1.0 }, { "start": 3245.53, "end": 3245.67, "word": " many", "probability": 1.0 } ] }, { "start": 3245.67, "end": 3249.33, "text": "different hats with us today. But it was great to get your thoughts on so many different", "speaker_id": "Speaker 2", "words": [ { "start": 3245.67, "end": 3245.93, "word": " different", "probability": 0.99951171875 }, { "start": 3245.93, "end": 3246.19, "word": " hats", "probability": 1.0 }, { "start": 3246.19, "end": 3246.37, "word": " with", "probability": 1.0 }, { "start": 3246.37, "end": 3246.53, "word": " us", "probability": 1.0 }, { "start": 3246.53, "end": 3246.83, "word": " today.", "probability": 1.0 }, { "start": 3246.97, "end": 3247.33, "word": " But", "probability": 0.99951171875 }, { "start": 3247.33, "end": 3247.89, "word": " it", "probability": 0.779296875 }, { "start": 3247.89, "end": 3248.03, "word": " was", "probability": 1.0 }, { "start": 3248.03, "end": 3248.19, "word": " great", "probability": 1.0 }, { "start": 3248.19, "end": 3248.31, "word": " to", "probability": 1.0 }, { "start": 3248.31, "end": 3248.41, "word": " get", "probability": 1.0 }, { "start": 3248.41, "end": 3248.51, "word": " your", "probability": 1.0 }, { "start": 3248.51, "end": 3248.71, "word": " thoughts", "probability": 1.0 }, { "start": 3248.71, "end": 3248.89, "word": " on", "probability": 1.0 }, { "start": 3248.89, "end": 3248.99, "word": " so", "probability": 0.99951171875 }, { "start": 3248.99, "end": 3249.11, "word": " many", "probability": 1.0 }, { "start": 3249.11, "end": 3249.33, "word": " different", "probability": 1.0 } ] }, { "start": 3249.33, "end": 3250.67, "text": "subjects. So appreciate it.", "speaker_id": "Speaker 2", "words": [ { "start": 3249.33, "end": 3249.77, "word": " subjects.", "probability": 1.0 }, { "start": 3249.95, "end": 3250.03, "word": " So", "probability": 0.9990234375 }, { "start": 3250.03, "end": 3250.31, "word": " appreciate", "probability": 0.9921875 }, { "start": 3250.31, "end": 3250.67, "word": " it.", "probability": 1.0 } ] }, { "start": 3250.95, "end": 3251.97, "text": "Of course. Thank you for having me.", "speaker_id": "Speaker 1", "words": [ { "start": 3250.95, "end": 3251.03, "word": " Of", "probability": 0.99755859375 }, { "start": 3251.03, "end": 3251.21, "word": " course.", "probability": 1.0 }, { "start": 3251.33, "end": 3251.39, "word": " Thank", "probability": 1.0 }, { "start": 3251.39, "end": 3251.51, "word": " you", "probability": 1.0 }, { "start": 3251.51, "end": 3251.63, "word": " for", "probability": 1.0 }, { "start": 3251.63, "end": 3251.79, "word": " having", "probability": 1.0 }, { "start": 3251.79, "end": 3251.97, "word": " me.", "probability": 1.0 } ] } ], "language": "en", "language_probability": 1.0, "duration": 3257.8060625, "speech_duration": 3250.192, "processing_seconds": 33.66357747300026, "started_at": "2026-10-19T22:06:40.198167+00:00", "finished_at": "2026-10-19T22:07:13.861759+00:00", "schema_version": 1, "source": "asr", "video_id": "xagpUfToyqA", "title": "The Treasury’s Gold Revaluation Play | Lyn Alden", "channel_id": "UCKMeK-HGHfUFFArZ91rzv5A", "source_url": "https://www.youtube.com/watch?v=xagpUfToyqA", "kind": "upload", "profile": "turbo-torch213", "saved_at": "2026-10-19T22:08:10.779592+00:00", "asr_segments": [ { "start": 0.0, "end": 4.92, "text": "When does the debt matter? My answer is it has been mattering. The Fed's tools are just not", "avg_logprob": -0.09717987489894153, "no_speech_prob": 0.0, "words": [ { "start": 0.0, "end": 0.28, "word": " When", "probability": 0.90576171875 }, { "start": 0.28, "end": 0.48, "word": " does", "probability": 1.0 }, { "start": 0.48, "end": 0.6, "word": " the", "probability": 0.99853515625 }, { "start": 0.6, "end": 0.8, "word": " debt", "probability": 1.0 }, { "start": 0.8, "end": 1.16, "word": " matter?", "probability": 1.0 }, { "start": 1.36, "end": 1.64, "word": " My", "probability": 0.9990234375 }, { "start": 1.64, "end": 2.12, "word": " answer", "probability": 0.99853515625 }, { "start": 2.12, "end": 2.24, "word": " is", "probability": 0.9990234375 }, { "start": 2.24, "end": 2.44, "word": " it", "probability": 0.8388671875 }, { "start": 2.44, "end": 2.72, "word": " has", "probability": 1.0 }, { "start": 2.72, "end": 2.88, "word": " been", "probability": 1.0 }, { "start": 2.88, "end": 3.3, "word": " mattering.", "probability": 0.9990234375 }, { "start": 3.48, "end": 3.58, "word": " The", "probability": 1.0 }, { "start": 3.58, "end": 3.9, "word": " Fed's", "probability": 0.996826171875 }, { "start": 3.9, "end": 4.26, "word": " tools", "probability": 1.0 }, { "start": 4.26, "end": 4.46, "word": " are", "probability": 1.0 }, { "start": 4.46, "end": 4.64, "word": " just", "probability": 1.0 }, { "start": 4.64, "end": 4.92, "word": " not", "probability": 1.0 } ] }, { "start": 4.92, "end": 9.5, "text": "geared toward this type of inflation. Being bearish on stocks basically means you're", "avg_logprob": -0.09717987489894153, "no_speech_prob": 0.0, "words": [ { "start": 4.92, "end": 5.34, "word": " geared", "probability": 1.0 }, { "start": 5.34, "end": 5.78, "word": " toward", "probability": 0.99609375 }, { "start": 5.78, "end": 6.0, "word": " this", "probability": 1.0 }, { "start": 6.0, "end": 6.18, "word": " type", "probability": 1.0 }, { "start": 6.18, "end": 6.34, "word": " of", "probability": 1.0 }, { "start": 6.34, "end": 6.76, "word": " inflation.", "probability": 1.0 }, { "start": 7.04, "end": 7.24, "word": " Being", "probability": 0.99951171875 }, { "start": 7.24, "end": 7.78, "word": " bearish", "probability": 0.999755859375 }, { "start": 7.78, "end": 7.96, "word": " on", "probability": 1.0 }, { "start": 7.96, "end": 8.52, "word": " stocks", "probability": 1.0 }, { "start": 8.52, "end": 9.0, "word": " basically", "probability": 0.99951171875 }, { "start": 9.0, "end": 9.28, "word": " means", "probability": 1.0 }, { "start": 9.28, "end": 9.5, "word": " you're", "probability": 1.0 } ] }, { "start": 9.5, "end": 13.56, "text": "bullish on fiat. I write sci-fi because it feels more normal than reality.", "avg_logprob": -0.09717987489894153, "no_speech_prob": 0.0, "words": [ { "start": 9.5, "end": 9.9, "word": " bullish", "probability": 1.0 }, { "start": 9.9, "end": 10.1, "word": " on", "probability": 1.0 }, { "start": 10.1, "end": 10.44, "word": " fiat.", "probability": 0.995849609375 }, { "start": 10.72, "end": 10.72, "word": " I", "probability": 0.99267578125 }, { "start": 10.72, "end": 10.94, "word": " write", "probability": 0.9990234375 }, { "start": 10.94, "end": 11.22, "word": " sci", "probability": 0.93701171875 }, { "start": 11.22, "end": 11.48, "word": "-fi", "probability": 0.991455078125 }, { "start": 11.48, "end": 11.82, "word": " because", "probability": 0.88671875 }, { "start": 11.82, "end": 12.0, "word": " it", "probability": 1.0 }, { "start": 12.0, "end": 12.2, "word": " feels", "probability": 1.0 }, { "start": 12.2, "end": 12.4, "word": " more", "probability": 1.0 }, { "start": 12.4, "end": 12.76, "word": " normal", "probability": 1.0 }, { "start": 12.76, "end": 13.1, "word": " than", "probability": 1.0 }, { "start": 13.1, "end": 13.56, "word": " reality.", "probability": 0.99951171875 } ] }, { "start": 18.59, "end": 21.27, "text": "Hey Lynn, great to see you. Thanks so much for joining us today.", "avg_logprob": -0.09717987489894153, "no_speech_prob": 0.0, "words": [ { "start": 18.59, "end": 19.01, "word": " Hey", "probability": 0.8125 }, { "start": 19.01, "end": 19.19, "word": " Lynn,", "probability": 0.50048828125 }, { "start": 19.29, "end": 19.41, "word": " great", "probability": 1.0 }, { "start": 19.41, "end": 19.57, "word": " to", "probability": 1.0 }, { "start": 19.57, "end": 19.79, "word": " see", "probability": 1.0 }, { "start": 19.79, "end": 19.89, "word": " you.", "probability": 1.0 }, { "start": 19.99, "end": 20.11, "word": " Thanks", "probability": 1.0 }, { "start": 20.11, "end": 20.27, "word": " so", "probability": 1.0 }, { "start": 20.27, "end": 20.39, "word": " much", "probability": 1.0 }, { "start": 20.39, "end": 20.53, "word": " for", "probability": 1.0 }, { "start": 20.53, "end": 20.81, "word": " joining", "probability": 1.0 }, { "start": 20.81, "end": 21.01, "word": " us", "probability": 1.0 }, { "start": 21.01, "end": 21.27, "word": " today.", "probability": 1.0 } ] }, { "start": 21.65, "end": 22.83, "text": "Thanks for having me. Happy to be here.", "avg_logprob": -0.09717987489894153, "no_speech_prob": 0.0, "words": [ { "start": 21.65, "end": 21.83, "word": " Thanks", "probability": 0.99951171875 }, { "start": 21.83, "end": 21.95, "word": " for", "probability": 1.0 }, { "start": 21.95, "end": 22.09, "word": " having", "probability": 1.0 }, { "start": 22.09, "end": 22.25, "word": " me.", "probability": 1.0 }, { "start": 22.33, "end": 22.43, "word": " Happy", "probability": 0.9384765625 }, { "start": 22.43, "end": 22.53, "word": " to", "probability": 1.0 }, { "start": 22.53, "end": 22.63, "word": " be", "probability": 1.0 }, { "start": 22.63, "end": 22.83, "word": " here.", "probability": 1.0 } ] }, { "start": 22.99, "end": 27.83, "text": "Part of your core thesis right now is that commodities and scarce assets", "avg_logprob": -0.09717987489894153, "no_speech_prob": 0.0, "words": [ { "start": 22.99, "end": 23.27, "word": " Part", "probability": 0.9990234375 }, { "start": 23.27, "end": 23.37, "word": " of", "probability": 1.0 }, { "start": 23.37, "end": 23.55, "word": " your", "probability": 1.0 }, { "start": 23.55, "end": 23.99, "word": " core", "probability": 1.0 }, { "start": 23.99, "end": 24.57, "word": " thesis", "probability": 1.0 }, { "start": 24.57, "end": 24.89, "word": " right", "probability": 1.0 }, { "start": 24.89, "end": 25.21, "word": " now", "probability": 1.0 }, { "start": 25.21, "end": 25.53, "word": " is", "probability": 1.0 }, { "start": 25.53, "end": 25.83, "word": " that", "probability": 1.0 }, { "start": 25.83, "end": 26.41, "word": " commodities", "probability": 0.99951171875 }, { "start": 26.41, "end": 26.79, "word": " and", "probability": 1.0 }, { "start": 26.79, "end": 27.17, "word": " scarce", "probability": 0.99951171875 }, { "start": 27.17, "end": 27.83, "word": " assets", "probability": 1.0 } ] }, { "start": 28.37, "end": 30.95, "text": "are in a bull market, are the place to be.", "avg_logprob": -0.09717987489894153, "no_speech_prob": 0.0, "words": [ { "start": 28.37, "end": 28.81, "word": " are", "probability": 0.99951171875 }, { "start": 28.81, "end": 28.99, "word": " in", "probability": 0.9990234375 }, { "start": 28.99, "end": 29.09, "word": " a", "probability": 0.998046875 }, { "start": 29.09, "end": 29.19, "word": " bull", "probability": 0.998046875 }, { "start": 29.19, "end": 29.63, "word": " market,", "probability": 1.0 }, { "start": 29.83, "end": 29.99, "word": " are", "probability": 0.9951171875 }, { "start": 29.99, "end": 30.37, "word": " the", "probability": 0.9990234375 }, { "start": 30.37, "end": 30.61, "word": " place", "probability": 1.0 }, { "start": 30.61, "end": 30.77, "word": " to", "probability": 1.0 }, { "start": 30.77, "end": 30.95, "word": " be.", "probability": 1.0 } ] }, { "start": 30.95, "end": 46.99, "text": "Yeah, I think so. I've been bullish on gold. That's somewhat separate from commodities because that's more of like a competing store of value with the treasury primarily. But I think that bull market is – I mean, I think it got ahead of its skis for a period of time, but I think it's still over the longer term on track.", "avg_logprob": -0.11458333018116462, "no_speech_prob": 0.0, "words": [ { "start": 30.95, "end": 31.53, "word": " Yeah,", "probability": 0.8994140625 }, { "start": 31.65, "end": 31.65, "word": " I", "probability": 1.0 }, { "start": 31.65, "end": 31.79, "word": " think", "probability": 1.0 }, { "start": 31.79, "end": 31.95, "word": " so.", "probability": 1.0 }, { "start": 32.13, "end": 32.49, "word": " I've", "probability": 0.995849609375 }, { "start": 32.49, "end": 32.57, "word": " been", "probability": 1.0 }, { "start": 32.57, "end": 32.81, "word": " bullish", "probability": 1.0 }, { "start": 32.81, "end": 32.97, "word": " on", "probability": 1.0 }, { "start": 32.97, "end": 33.31, "word": " gold.", "probability": 0.99951171875 }, { "start": 34.17, "end": 34.53, "word": " That's", "probability": 0.998779296875 }, { "start": 34.53, "end": 34.69, "word": " somewhat", "probability": 0.9970703125 }, { "start": 34.69, "end": 34.97, "word": " separate", "probability": 0.99951171875 }, { "start": 34.97, "end": 35.15, "word": " from", "probability": 1.0 }, { "start": 35.15, "end": 35.55, "word": " commodities", "probability": 1.0 }, { "start": 35.55, "end": 35.73, "word": " because", "probability": 0.85107421875 }, { "start": 35.73, "end": 35.89, "word": " that's", "probability": 1.0 }, { "start": 35.89, "end": 36.07, "word": " more", "probability": 1.0 }, { "start": 36.07, "end": 36.19, "word": " of", "probability": 0.998046875 }, { "start": 36.19, "end": 36.39, "word": " like", "probability": 0.63671875 }, { "start": 36.39, "end": 36.59, "word": " a", "probability": 0.99951171875 }, { "start": 36.59, "end": 37.09, "word": " competing", "probability": 1.0 }, { "start": 37.09, "end": 37.39, "word": " store", "probability": 0.99658203125 }, { "start": 37.39, "end": 37.57, "word": " of", "probability": 0.98291015625 }, { "start": 37.57, "end": 37.79, "word": " value", "probability": 1.0 }, { "start": 37.79, "end": 37.95, "word": " with", "probability": 1.0 }, { "start": 37.95, "end": 38.05, "word": " the", "probability": 1.0 }, { "start": 38.05, "end": 38.39, "word": " treasury", "probability": 0.62109375 }, { "start": 38.39, "end": 39.23, "word": " primarily.", "probability": 0.6357421875 }, { "start": 39.73, "end": 40.09, "word": " But", "probability": 0.9677734375 }, { "start": 40.09, "end": 40.15, "word": " I", "probability": 0.99951171875 }, { "start": 40.15, "end": 40.27, "word": " think", "probability": 1.0 }, { "start": 40.27, "end": 40.45, "word": " that", "probability": 0.99853515625 }, { "start": 40.45, "end": 40.85, "word": " bull", "probability": 0.943359375 }, { "start": 40.85, "end": 41.19, "word": " market", "probability": 1.0 }, { "start": 41.19, "end": 41.47, "word": " is", "probability": 0.98388671875 }, { "start": 41.47, "end": 41.57, "word": " –", "probability": 0.4072265625 }, { "start": 41.57, "end": 41.67, "word": " I", "probability": 0.99951171875 }, { "start": 41.67, "end": 41.71, "word": " mean,", "probability": 0.947265625 }, { "start": 41.79, "end": 41.81, "word": " I", "probability": 0.998046875 }, { "start": 41.81, "end": 41.95, "word": " think", "probability": 1.0 }, { "start": 41.95, "end": 42.03, "word": " it", "probability": 0.99951171875 }, { "start": 42.03, "end": 42.11, "word": " got", "probability": 0.99951171875 }, { "start": 42.11, "end": 42.29, "word": " ahead", "probability": 1.0 }, { "start": 42.29, "end": 42.41, "word": " of", "probability": 0.99951171875 }, { "start": 42.41, "end": 42.53, "word": " its", "probability": 0.9990234375 }, { "start": 42.53, "end": 42.81, "word": " skis", "probability": 0.867431640625 }, { "start": 42.81, "end": 42.95, "word": " for", "probability": 1.0 }, { "start": 42.95, "end": 43.03, "word": " a", "probability": 1.0 }, { "start": 43.03, "end": 43.17, "word": " period", "probability": 1.0 }, { "start": 43.17, "end": 43.29, "word": " of", "probability": 1.0 }, { "start": 43.29, "end": 43.57, "word": " time,", "probability": 1.0 }, { "start": 43.61, "end": 43.85, "word": " but", "probability": 1.0 }, { "start": 43.85, "end": 43.95, "word": " I", "probability": 1.0 }, { "start": 43.95, "end": 44.11, "word": " think", "probability": 1.0 }, { "start": 44.11, "end": 44.59, "word": " it's", "probability": 1.0 }, { "start": 44.59, "end": 44.93, "word": " still", "probability": 1.0 }, { "start": 44.93, "end": 45.81, "word": " over", "probability": 0.87353515625 }, { "start": 45.81, "end": 45.91, "word": " the", "probability": 1.0 }, { "start": 45.91, "end": 46.21, "word": " longer", "probability": 1.0 }, { "start": 46.21, "end": 46.45, "word": " term", "probability": 0.99658203125 }, { "start": 46.45, "end": 46.65, "word": " on", "probability": 1.0 }, { "start": 46.65, "end": 46.99, "word": " track.", "probability": 1.0 } ] }, { "start": 48.23, "end": 65.31, "text": "I think silver is a long-term beneficiary from these trends, potentially platinum, copper, and I'm a long-term energy bull, and also just energy assets, even just assets that transfer energy, for example, I think are going to be in demand for a very long period of time.", "avg_logprob": -0.10618990384615384, "no_speech_prob": 0.0, "words": [ { "start": 48.23, "end": 48.67, "word": " I", "probability": 0.77294921875 }, { "start": 48.67, "end": 48.81, "word": " think", "probability": 0.99658203125 }, { "start": 48.81, "end": 49.15, "word": " silver", "probability": 0.9814453125 }, { "start": 49.15, "end": 49.27, "word": " is", "probability": 0.90771484375 }, { "start": 49.27, "end": 49.37, "word": " a", "probability": 0.99658203125 }, { "start": 49.37, "end": 49.53, "word": " long", "probability": 0.99853515625 }, { "start": 49.53, "end": 49.69, "word": "-term", "probability": 0.90185546875 }, { "start": 49.69, "end": 50.29, "word": " beneficiary", "probability": 0.9970703125 }, { "start": 50.29, "end": 50.49, "word": " from", "probability": 0.9951171875 }, { "start": 50.49, "end": 50.63, "word": " these", "probability": 0.9990234375 }, { "start": 50.63, "end": 51.03, "word": " trends,", "probability": 0.99951171875 }, { "start": 51.71, "end": 52.25, "word": " potentially", "probability": 0.9912109375 }, { "start": 52.25, "end": 52.75, "word": " platinum,", "probability": 0.990234375 }, { "start": 53.09, "end": 54.25, "word": " copper,", "probability": 0.99658203125 }, { "start": 55.15, "end": 55.23, "word": " and", "probability": 0.93212890625 }, { "start": 55.23, "end": 55.67, "word": " I'm", "probability": 0.7822265625 }, { "start": 55.67, "end": 55.75, "word": " a", "probability": 0.99560546875 }, { "start": 55.75, "end": 55.97, "word": " long", "probability": 0.99951171875 }, { "start": 55.97, "end": 56.15, "word": "-term", "probability": 0.99853515625 }, { "start": 56.15, "end": 56.43, "word": " energy", "probability": 0.9990234375 }, { "start": 56.43, "end": 56.75, "word": " bull,", "probability": 0.95654296875 }, { "start": 56.93, "end": 57.15, "word": " and", "probability": 0.99951171875 }, { "start": 57.15, "end": 57.37, "word": " also", "probability": 0.99951171875 }, { "start": 57.37, "end": 57.55, "word": " just", "probability": 0.99853515625 }, { "start": 57.55, "end": 57.89, "word": " energy", "probability": 1.0 }, { "start": 57.89, "end": 58.37, "word": " assets,", "probability": 1.0 }, { "start": 58.47, "end": 58.61, "word": " even", "probability": 0.99951171875 }, { "start": 58.61, "end": 58.75, "word": " just", "probability": 0.99951171875 }, { "start": 58.75, "end": 59.19, "word": " assets", "probability": 1.0 }, { "start": 59.19, "end": 59.45, "word": " that", "probability": 1.0 }, { "start": 59.45, "end": 60.11, "word": " transfer", "probability": 0.9970703125 }, { "start": 60.11, "end": 60.63, "word": " energy,", "probability": 1.0 }, { "start": 60.81, "end": 61.03, "word": " for", "probability": 0.99951171875 }, { "start": 61.03, "end": 61.41, "word": " example,", "probability": 1.0 }, { "start": 61.69, "end": 62.47, "word": " I", "probability": 0.998046875 }, { "start": 62.47, "end": 62.67, "word": " think", "probability": 1.0 }, { "start": 62.67, "end": 62.87, "word": " are", "probability": 0.99755859375 }, { "start": 62.87, "end": 63.25, "word": " going", "probability": 0.978515625 }, { "start": 63.25, "end": 63.31, "word": " to", "probability": 1.0 }, { "start": 63.31, "end": 63.41, "word": " be", "probability": 1.0 }, { "start": 63.41, "end": 63.51, "word": " in", "probability": 1.0 }, { "start": 63.51, "end": 63.79, "word": " demand", "probability": 0.99951171875 }, { "start": 63.79, "end": 64.07, "word": " for", "probability": 1.0 }, { "start": 64.07, "end": 64.35, "word": " a", "probability": 0.9990234375 }, { "start": 64.35, "end": 64.51, "word": " very", "probability": 0.99951171875 }, { "start": 64.51, "end": 64.71, "word": " long", "probability": 1.0 }, { "start": 64.71, "end": 64.93, "word": " period", "probability": 1.0 }, { "start": 64.93, "end": 65.05, "word": " of", "probability": 1.0 }, { "start": 65.05, "end": 65.31, "word": " time.", "probability": 1.0 } ] }, { "start": 65.31, "end": 71.33, "text": "i invest in in places like brazil for example uh and sometimes it's not even a commodity trade it's", "avg_logprob": -0.055956195434953414, "no_speech_prob": 0.0, "words": [ { "start": 65.31, "end": 66.07, "word": " i", "probability": 0.011871337890625 }, { "start": 66.07, "end": 66.35, "word": " invest", "probability": 0.97998046875 }, { "start": 66.35, "end": 66.65, "word": " in", "probability": 0.998046875 }, { "start": 66.65, "end": 66.89, "word": " in", "probability": 0.9560546875 }, { "start": 66.89, "end": 67.37, "word": " places", "probability": 1.0 }, { "start": 67.37, "end": 67.63, "word": " like", "probability": 1.0 }, { "start": 67.63, "end": 68.01, "word": " brazil", "probability": 0.998046875 }, { "start": 68.01, "end": 68.35, "word": " for", "probability": 1.0 }, { "start": 68.35, "end": 68.75, "word": " example", "probability": 1.0 }, { "start": 68.75, "end": 69.45, "word": " uh", "probability": 0.8720703125 }, { "start": 69.45, "end": 69.71, "word": " and", "probability": 1.0 }, { "start": 69.71, "end": 69.99, "word": " sometimes", "probability": 1.0 }, { "start": 69.99, "end": 70.19, "word": " it's", "probability": 0.9970703125 }, { "start": 70.19, "end": 70.27, "word": " not", "probability": 1.0 }, { "start": 70.27, "end": 70.39, "word": " even", "probability": 0.9990234375 }, { "start": 70.39, "end": 70.53, "word": " a", "probability": 0.99853515625 }, { "start": 70.53, "end": 70.77, "word": " commodity", "probability": 0.99658203125 }, { "start": 70.77, "end": 71.09, "word": " trade", "probability": 0.9990234375 }, { "start": 71.09, "end": 71.33, "word": " it's", "probability": 0.99951171875 } ] }, { "start": 71.33, "end": 76.07, "text": "like you know one of the best like my favorite trade in brazil has been owning their biggest", "avg_logprob": -0.055956195434953414, "no_speech_prob": 0.0, "words": [ { "start": 71.33, "end": 71.49, "word": " like", "probability": 0.99560546875 }, { "start": 71.49, "end": 71.85, "word": " you", "probability": 0.9892578125 }, { "start": 71.85, "end": 71.91, "word": " know", "probability": 0.99462890625 }, { "start": 71.91, "end": 72.05, "word": " one", "probability": 0.99951171875 }, { "start": 72.05, "end": 72.13, "word": " of", "probability": 1.0 }, { "start": 72.13, "end": 72.21, "word": " the", "probability": 0.99609375 }, { "start": 72.21, "end": 72.43, "word": " best", "probability": 0.99951171875 }, { "start": 72.43, "end": 73.07, "word": " like", "probability": 0.99365234375 }, { "start": 73.07, "end": 73.21, "word": " my", "probability": 1.0 }, { "start": 73.21, "end": 73.45, "word": " favorite", "probability": 1.0 }, { "start": 73.45, "end": 73.67, "word": " trade", "probability": 0.9990234375 }, { "start": 73.67, "end": 73.81, "word": " in", "probability": 0.99951171875 }, { "start": 73.81, "end": 74.17, "word": " brazil", "probability": 0.999755859375 }, { "start": 74.17, "end": 75.11, "word": " has", "probability": 1.0 }, { "start": 75.11, "end": 75.21, "word": " been", "probability": 1.0 }, { "start": 75.21, "end": 75.53, "word": " owning", "probability": 0.99951171875 }, { "start": 75.53, "end": 75.73, "word": " their", "probability": 1.0 }, { "start": 75.73, "end": 76.07, "word": " biggest", "probability": 0.99951171875 } ] }, { "start": 76.07, "end": 84.39, "text": "bank and it outperforms the index um uh and uh so like there's kind of associated ways to kind of", "avg_logprob": -0.055956195434953414, "no_speech_prob": 0.0, "words": [ { "start": 76.07, "end": 76.45, "word": " bank", "probability": 0.99951171875 }, { "start": 76.45, "end": 76.83, "word": " and", "probability": 0.97412109375 }, { "start": 76.83, "end": 77.15, "word": " it", "probability": 1.0 }, { "start": 77.15, "end": 77.77, "word": " outperforms", "probability": 0.9967447916666666 }, { "start": 77.77, "end": 77.87, "word": " the", "probability": 0.9970703125 }, { "start": 77.87, "end": 78.25, "word": " index", "probability": 0.99267578125 }, { "start": 78.25, "end": 79.25, "word": " um", "probability": 0.990234375 }, { "start": 79.25, "end": 79.71, "word": " uh", "probability": 0.99169921875 }, { "start": 79.71, "end": 80.35, "word": " and", "probability": 1.0 }, { "start": 80.35, "end": 80.69, "word": " uh", "probability": 0.9990234375 }, { "start": 80.69, "end": 81.23, "word": " so", "probability": 1.0 }, { "start": 81.23, "end": 81.49, "word": " like", "probability": 1.0 }, { "start": 81.49, "end": 81.93, "word": " there's", "probability": 0.999755859375 }, { "start": 81.93, "end": 82.09, "word": " kind", "probability": 1.0 }, { "start": 82.09, "end": 82.21, "word": " of", "probability": 0.99951171875 }, { "start": 82.21, "end": 83.51, "word": " associated", "probability": 0.9990234375 }, { "start": 83.51, "end": 83.89, "word": " ways", "probability": 1.0 }, { "start": 83.89, "end": 84.09, "word": " to", "probability": 1.0 }, { "start": 84.09, "end": 84.25, "word": " kind", "probability": 1.0 }, { "start": 84.25, "end": 84.39, "word": " of", "probability": 0.9990234375 } ] }, { "start": 84.39, "end": 90.07, "text": "be adjacent to that that whole trend uh but it's the idea that capital was primarily going to like", "avg_logprob": -0.055956195434953414, "no_speech_prob": 0.0, "words": [ { "start": 84.39, "end": 84.65, "word": " be", "probability": 1.0 }, { "start": 84.65, "end": 85.07, "word": " adjacent", "probability": 1.0 }, { "start": 85.07, "end": 85.29, "word": " to", "probability": 0.99951171875 }, { "start": 85.29, "end": 85.45, "word": " that", "probability": 1.0 }, { "start": 85.45, "end": 85.67, "word": " that", "probability": 0.9912109375 }, { "start": 85.67, "end": 85.85, "word": " whole", "probability": 1.0 }, { "start": 85.85, "end": 86.21, "word": " trend", "probability": 0.99853515625 }, { "start": 86.21, "end": 86.99, "word": " uh", "probability": 0.99072265625 }, { "start": 86.99, "end": 87.45, "word": " but", "probability": 1.0 }, { "start": 87.45, "end": 87.61, "word": " it's", "probability": 1.0 }, { "start": 87.61, "end": 87.67, "word": " the", "probability": 0.998046875 }, { "start": 87.67, "end": 87.93, "word": " idea", "probability": 0.998046875 }, { "start": 87.93, "end": 88.11, "word": " that", "probability": 1.0 }, { "start": 88.11, "end": 88.49, "word": " capital", "probability": 0.99951171875 }, { "start": 88.49, "end": 88.89, "word": " was", "probability": 1.0 }, { "start": 88.89, "end": 89.29, "word": " primarily", "probability": 1.0 }, { "start": 89.29, "end": 89.71, "word": " going", "probability": 1.0 }, { "start": 89.71, "end": 89.93, "word": " to", "probability": 1.0 }, { "start": 89.93, "end": 90.07, "word": " like", "probability": 0.9970703125 } ] }, { "start": 90.07, "end": 94.33, "text": "non-resource things and now it is going toward resource things and there's a broad way of playing", "avg_logprob": -0.055956195434953414, "no_speech_prob": 0.0, "words": [ { "start": 90.07, "end": 90.25, "word": " non", "probability": 0.9990234375 }, { "start": 90.25, "end": 90.71, "word": "-resource", "probability": 0.9864908854166666 }, { "start": 90.71, "end": 90.99, "word": " things", "probability": 1.0 }, { "start": 90.99, "end": 91.19, "word": " and", "probability": 1.0 }, { "start": 91.19, "end": 91.35, "word": " now", "probability": 1.0 }, { "start": 91.35, "end": 91.51, "word": " it", "probability": 1.0 }, { "start": 91.51, "end": 91.65, "word": " is", "probability": 1.0 }, { "start": 91.65, "end": 91.85, "word": " going", "probability": 1.0 }, { "start": 91.85, "end": 92.03, "word": " toward", "probability": 0.92041015625 }, { "start": 92.03, "end": 92.41, "word": " resource", "probability": 0.697265625 }, { "start": 92.41, "end": 92.71, "word": " things", "probability": 1.0 }, { "start": 92.71, "end": 92.89, "word": " and", "probability": 0.80224609375 }, { "start": 92.89, "end": 93.25, "word": " there's", "probability": 0.9990234375 }, { "start": 93.25, "end": 93.33, "word": " a", "probability": 0.98828125 }, { "start": 93.33, "end": 93.65, "word": " broad", "probability": 0.998046875 }, { "start": 93.65, "end": 93.87, "word": " way", "probability": 0.99951171875 }, { "start": 93.87, "end": 94.03, "word": " of", "probability": 1.0 }, { "start": 94.03, "end": 94.33, "word": " playing", "probability": 0.99951171875 } ] }, { "start": 94.33, "end": 100.81, "text": "it. And I do think that that need will exist for a long period of time. We ask the experts closest", "avg_logprob": -0.0729374988079071, "no_speech_prob": 0.0, "words": [ { "start": 94.33, "end": 94.57, "word": " it.", "probability": 0.943359375 }, { "start": 94.73, "end": 95.07, "word": " And", "probability": 0.97509765625 }, { "start": 95.07, "end": 95.25, "word": " I", "probability": 1.0 }, { "start": 95.25, "end": 95.39, "word": " do", "probability": 1.0 }, { "start": 95.39, "end": 95.53, "word": " think", "probability": 1.0 }, { "start": 95.53, "end": 95.69, "word": " that", "probability": 1.0 }, { "start": 95.69, "end": 95.91, "word": " that", "probability": 0.982421875 }, { "start": 95.91, "end": 96.87, "word": " need", "probability": 0.68359375 }, { "start": 96.87, "end": 97.31, "word": " will", "probability": 1.0 }, { "start": 97.31, "end": 97.63, "word": " exist", "probability": 1.0 }, { "start": 97.63, "end": 97.81, "word": " for", "probability": 1.0 }, { "start": 97.81, "end": 97.93, "word": " a", "probability": 1.0 }, { "start": 97.93, "end": 98.05, "word": " long", "probability": 1.0 }, { "start": 98.05, "end": 98.23, "word": " period", "probability": 1.0 }, { "start": 98.23, "end": 98.37, "word": " of", "probability": 1.0 }, { "start": 98.37, "end": 98.55, "word": " time.", "probability": 1.0 }, { "start": 98.79, "end": 99.25, "word": " We", "probability": 0.97314453125 }, { "start": 99.25, "end": 99.53, "word": " ask", "probability": 0.5869140625 }, { "start": 99.53, "end": 99.71, "word": " the", "probability": 1.0 }, { "start": 99.71, "end": 100.27, "word": " experts", "probability": 1.0 }, { "start": 100.27, "end": 100.81, "word": " closest", "probability": 0.99951171875 } ] }, { "start": 100.81, "end": 106.27, "text": "to the real economy to make sense of it. The people who build, mine, and power real assets", "avg_logprob": -0.0729374988079071, "no_speech_prob": 0.0, "words": [ { "start": 100.81, "end": 101.07, "word": " to", "probability": 1.0 }, { "start": 101.07, "end": 101.19, "word": " the", "probability": 1.0 }, { "start": 101.19, "end": 101.45, "word": " real", "probability": 0.9990234375 }, { "start": 101.45, "end": 101.89, "word": " economy", "probability": 1.0 }, { "start": 101.89, "end": 102.11, "word": " to", "probability": 0.99951171875 }, { "start": 102.11, "end": 102.27, "word": " make", "probability": 1.0 }, { "start": 102.27, "end": 102.55, "word": " sense", "probability": 0.99951171875 }, { "start": 102.55, "end": 102.71, "word": " of", "probability": 1.0 }, { "start": 102.71, "end": 102.81, "word": " it.", "probability": 0.99560546875 }, { "start": 102.93, "end": 102.99, "word": " The", "probability": 0.9990234375 }, { "start": 102.99, "end": 103.25, "word": " people", "probability": 0.99951171875 }, { "start": 103.25, "end": 103.43, "word": " who", "probability": 1.0 }, { "start": 103.43, "end": 103.95, "word": " build,", "probability": 0.99658203125 }, { "start": 104.31, "end": 104.57, "word": " mine,", "probability": 0.9970703125 }, { "start": 104.75, "end": 104.99, "word": " and", "probability": 0.9609375 }, { "start": 104.99, "end": 105.47, "word": " power", "probability": 0.99951171875 }, { "start": 105.47, "end": 105.81, "word": " real", "probability": 0.99951171875 }, { "start": 105.81, "end": 106.27, "word": " assets", "probability": 1.0 } ] }, { "start": 106.27, "end": 111.57, "text": "and put their own capital behind them. Then we connect the dots and tell you what it means for", "avg_logprob": -0.0729374988079071, "no_speech_prob": 0.0, "words": [ { "start": 106.27, "end": 106.71, "word": " and", "probability": 0.9853515625 }, { "start": 106.71, "end": 106.93, "word": " put", "probability": 1.0 }, { "start": 106.93, "end": 107.13, "word": " their", "probability": 1.0 }, { "start": 107.13, "end": 107.37, "word": " own", "probability": 0.99951171875 }, { "start": 107.37, "end": 107.77, "word": " capital", "probability": 1.0 }, { "start": 107.77, "end": 108.13, "word": " behind", "probability": 1.0 }, { "start": 108.13, "end": 108.45, "word": " them.", "probability": 1.0 }, { "start": 108.57, "end": 108.73, "word": " Then", "probability": 0.99951171875 }, { "start": 108.73, "end": 108.91, "word": " we", "probability": 0.99951171875 }, { "start": 108.91, "end": 109.21, "word": " connect", "probability": 1.0 }, { "start": 109.21, "end": 109.37, "word": " the", "probability": 1.0 }, { "start": 109.37, "end": 109.71, "word": " dots", "probability": 0.99951171875 }, { "start": 109.71, "end": 110.13, "word": " and", "probability": 1.0 }, { "start": 110.13, "end": 110.33, "word": " tell", "probability": 0.99951171875 }, { "start": 110.33, "end": 110.69, "word": " you", "probability": 1.0 }, { "start": 110.69, "end": 110.99, "word": " what", "probability": 1.0 }, { "start": 110.99, "end": 111.09, "word": " it", "probability": 0.99951171875 }, { "start": 111.09, "end": 111.37, "word": " means", "probability": 0.99951171875 }, { "start": 111.37, "end": 111.57, "word": " for", "probability": 1.0 } ] }, { "start": 111.57, "end": 118.59, "text": "your money. Wealthion. So let's talk about that macroeconomic backdrop. So we have CPI, PPI", "avg_logprob": -0.0729374988079071, "no_speech_prob": 0.0, "words": [ { "start": 111.57, "end": 111.71, "word": " your", "probability": 0.99853515625 }, { "start": 111.71, "end": 112.01, "word": " money.", "probability": 0.998046875 }, { "start": 112.65, "end": 113.13, "word": " Wealthion.", "probability": 0.7705078125 }, { "start": 113.91, "end": 114.33, "word": " So", "probability": 0.98974609375 }, { "start": 114.33, "end": 114.57, "word": " let's", "probability": 0.985107421875 }, { "start": 114.57, "end": 114.71, "word": " talk", "probability": 1.0 }, { "start": 114.71, "end": 114.89, "word": " about", "probability": 0.99951171875 }, { "start": 114.89, "end": 115.03, "word": " that", "probability": 0.99853515625 }, { "start": 115.03, "end": 116.39, "word": " macroeconomic", "probability": 0.99609375 }, { "start": 116.39, "end": 116.79, "word": " backdrop.", "probability": 1.0 }, { "start": 117.05, "end": 117.19, "word": " So", "probability": 0.99560546875 }, { "start": 117.19, "end": 117.65, "word": " we", "probability": 0.9990234375 }, { "start": 117.65, "end": 117.77, "word": " have", "probability": 1.0 }, { "start": 117.77, "end": 118.23, "word": " CPI,", "probability": 0.9990234375 }, { "start": 118.33, "end": 118.59, "word": " PPI", "probability": 0.998046875 } ] }, { "start": 118.59, "end": 124.05, "text": "readings coming out. I mean, we've been above the Fed's target rate for like 66 months, right?", "avg_logprob": -0.0729374988079071, "no_speech_prob": 0.0, "words": [ { "start": 118.59, "end": 119.15, "word": " readings", "probability": 0.99951171875 }, { "start": 119.15, "end": 119.95, "word": " coming", "probability": 0.99951171875 }, { "start": 119.95, "end": 120.33, "word": " out.", "probability": 1.0 }, { "start": 120.53, "end": 120.53, "word": " I", "probability": 0.96875 }, { "start": 120.53, "end": 120.59, "word": " mean,", "probability": 0.9990234375 }, { "start": 120.69, "end": 120.77, "word": " we've", "probability": 0.999755859375 }, { "start": 120.77, "end": 120.87, "word": " been", "probability": 0.99951171875 }, { "start": 120.87, "end": 121.33, "word": " above", "probability": 0.984375 }, { "start": 121.33, "end": 121.55, "word": " the", "probability": 0.99951171875 }, { "start": 121.55, "end": 121.89, "word": " Fed's", "probability": 0.989990234375 }, { "start": 121.89, "end": 122.23, "word": " target", "probability": 0.9990234375 }, { "start": 122.23, "end": 122.43, "word": " rate", "probability": 0.99853515625 }, { "start": 122.43, "end": 122.55, "word": " for", "probability": 1.0 }, { "start": 122.55, "end": 122.65, "word": " like", "probability": 0.9921875 }, { "start": 122.65, "end": 123.09, "word": " 66", "probability": 0.99853515625 }, { "start": 123.09, "end": 123.77, "word": " months,", "probability": 0.99951171875 }, { "start": 123.97, "end": 124.05, "word": " right?", "probability": 0.99658203125 } ] }, { "start": 124.05, "end": 127.01, "text": "Should the Fed officially abandon this?", "avg_logprob": -0.15321179945021868, "no_speech_prob": 0.0, "words": [ { "start": 124.05, "end": 124.25, "word": " Should", "probability": 0.91064453125 }, { "start": 124.25, "end": 125.35, "word": " the", "probability": 0.9482421875 }, { "start": 125.35, "end": 125.51, "word": " Fed", "probability": 0.994140625 }, { "start": 125.51, "end": 126.23, "word": " officially", "probability": 0.98779296875 }, { "start": 126.23, "end": 126.71, "word": " abandon", "probability": 0.99951171875 }, { "start": 126.71, "end": 127.01, "word": " this?", "probability": 1.0 } ] }, { "start": 127.11, "end": 129.01, "text": "What is the new norm for inflation?", "avg_logprob": -0.15321179945021868, "no_speech_prob": 0.0, "words": [ { "start": 127.11, "end": 127.41, "word": " What", "probability": 0.53857421875 }, { "start": 127.41, "end": 127.65, "word": " is", "probability": 1.0 }, { "start": 127.65, "end": 127.81, "word": " the", "probability": 1.0 }, { "start": 127.81, "end": 128.03, "word": " new", "probability": 1.0 }, { "start": 128.03, "end": 128.37, "word": " norm", "probability": 1.0 }, { "start": 128.37, "end": 128.57, "word": " for", "probability": 1.0 }, { "start": 128.57, "end": 129.01, "word": " inflation?", "probability": 1.0 } ] }, { "start": 129.19, "end": 130.27, "text": "How are you thinking about that?", "avg_logprob": -0.15321179945021868, "no_speech_prob": 0.0, "words": [ { "start": 129.19, "end": 129.31, "word": " How", "probability": 1.0 }, { "start": 129.31, "end": 129.45, "word": " are", "probability": 1.0 }, { "start": 129.45, "end": 129.55, "word": " you", "probability": 1.0 }, { "start": 129.55, "end": 129.79, "word": " thinking", "probability": 1.0 }, { "start": 129.79, "end": 130.05, "word": " about", "probability": 1.0 }, { "start": 130.05, "end": 130.27, "word": " that?", "probability": 1.0 } ] }, { "start": 130.49, "end": 131.63, "text": "I don't think they should abandon it,", "avg_logprob": -0.15321179945021868, "no_speech_prob": 0.0, "words": [ { "start": 130.49, "end": 130.61, "word": " I", "probability": 0.986328125 }, { "start": 130.61, "end": 130.71, "word": " don't", "probability": 0.999755859375 }, { "start": 130.71, "end": 130.83, "word": " think", "probability": 1.0 }, { "start": 130.83, "end": 130.97, "word": " they", "probability": 1.0 }, { "start": 130.97, "end": 131.11, "word": " should", "probability": 1.0 }, { "start": 131.11, "end": 131.45, "word": " abandon", "probability": 1.0 }, { "start": 131.45, "end": 131.63, "word": " it,", "probability": 1.0 } ] }, { "start": 131.67, "end": 134.15, "text": "but I think the challenge is that the Fed's tools", "avg_logprob": -0.15321179945021868, "no_speech_prob": 0.0, "words": [ { "start": 131.67, "end": 131.75, "word": " but", "probability": 1.0 }, { "start": 131.75, "end": 131.83, "word": " I", "probability": 1.0 }, { "start": 131.83, "end": 131.95, "word": " think", "probability": 1.0 }, { "start": 131.95, "end": 132.09, "word": " the", "probability": 1.0 }, { "start": 132.09, "end": 132.61, "word": " challenge", "probability": 1.0 }, { "start": 132.61, "end": 133.11, "word": " is", "probability": 1.0 }, { "start": 133.11, "end": 133.31, "word": " that", "probability": 1.0 }, { "start": 133.31, "end": 133.47, "word": " the", "probability": 1.0 }, { "start": 133.47, "end": 133.81, "word": " Fed's", "probability": 0.999755859375 }, { "start": 133.81, "end": 134.15, "word": " tools", "probability": 1.0 } ] }, { "start": 134.15, "end": 136.71, "text": "are just not geared toward this type of inflation.", "avg_logprob": -0.15321179945021868, "no_speech_prob": 0.0, "words": [ { "start": 134.15, "end": 134.37, "word": " are", "probability": 1.0 }, { "start": 134.37, "end": 134.53, "word": " just", "probability": 1.0 }, { "start": 134.53, "end": 134.85, "word": " not", "probability": 1.0 }, { "start": 134.85, "end": 135.25, "word": " geared", "probability": 1.0 }, { "start": 135.25, "end": 135.67, "word": " toward", "probability": 0.9990234375 }, { "start": 135.67, "end": 135.91, "word": " this", "probability": 1.0 }, { "start": 135.91, "end": 136.09, "word": " type", "probability": 1.0 }, { "start": 136.09, "end": 136.25, "word": " of", "probability": 1.0 }, { "start": 136.25, "end": 136.71, "word": " inflation.", "probability": 1.0 } ] }, { "start": 137.55, "end": 139.87, "text": "And so, I mean, the point that I've made a lot in macro", "avg_logprob": -0.15321179945021868, "no_speech_prob": 0.0, "words": [ { "start": 137.55, "end": 137.99, "word": " And", "probability": 0.41943359375 }, { "start": 137.99, "end": 138.27, "word": " so,", "probability": 0.9931640625 }, { "start": 138.37, "end": 138.43, "word": " I", "probability": 0.99365234375 }, { "start": 138.43, "end": 138.51, "word": " mean,", "probability": 1.0 }, { "start": 138.55, "end": 138.63, "word": " the", "probability": 1.0 }, { "start": 138.63, "end": 138.81, "word": " point", "probability": 1.0 }, { "start": 138.81, "end": 138.91, "word": " that", "probability": 1.0 }, { "start": 138.91, "end": 139.07, "word": " I've", "probability": 0.99951171875 }, { "start": 139.07, "end": 139.19, "word": " made", "probability": 1.0 }, { "start": 139.19, "end": 139.31, "word": " a", "probability": 1.0 }, { "start": 139.31, "end": 139.45, "word": " lot", "probability": 1.0 }, { "start": 139.45, "end": 139.59, "word": " in", "probability": 0.9990234375 }, { "start": 139.59, "end": 139.87, "word": " macro", "probability": 0.982421875 } ] }, { "start": 139.87, "end": 141.61, "text": "is that we're in fiscal dominance now,", "avg_logprob": -0.15321179945021868, "no_speech_prob": 0.0, "words": [ { "start": 139.87, "end": 140.05, "word": " is", "probability": 1.0 }, { "start": 140.05, "end": 140.15, "word": " that", "probability": 0.99951171875 }, { "start": 140.15, "end": 140.35, "word": " we're", "probability": 1.0 }, { "start": 140.35, "end": 140.69, "word": " in", "probability": 0.99951171875 }, { "start": 140.69, "end": 140.99, "word": " fiscal", "probability": 0.99951171875 }, { "start": 140.99, "end": 141.39, "word": " dominance", "probability": 1.0 }, { "start": 141.39, "end": 141.61, "word": " now,", "probability": 1.0 } ] }, { "start": 141.71, "end": 142.69, "text": "not monetary dominance.", "avg_logprob": -0.15321179945021868, "no_speech_prob": 0.0, "words": [ { "start": 141.71, "end": 141.85, "word": " not", "probability": 1.0 }, { "start": 141.85, "end": 142.25, "word": " monetary", "probability": 1.0 }, { "start": 142.25, "end": 142.69, "word": " dominance.", "probability": 1.0 } ] }, { "start": 143.27, "end": 144.59, "text": "And basically what that means is,", "avg_logprob": -0.15321179945021868, "no_speech_prob": 0.0, "words": [ { "start": 143.27, "end": 143.71, "word": " And", "probability": 0.9990234375 }, { "start": 143.71, "end": 143.91, "word": " basically", "probability": 0.9990234375 }, { "start": 143.91, "end": 144.07, "word": " what", "probability": 0.9580078125 }, { "start": 144.07, "end": 144.19, "word": " that", "probability": 1.0 }, { "start": 144.19, "end": 144.45, "word": " means", "probability": 1.0 }, { "start": 144.45, "end": 144.59, "word": " is,", "probability": 1.0 } ] }, { "start": 144.67, "end": 147.73, "text": "so the Fed's primary tools, especially interest rates,", "avg_logprob": -0.15321179945021868, "no_speech_prob": 0.0, "words": [ { "start": 144.67, "end": 144.77, "word": " so", "probability": 0.9931640625 }, { "start": 144.77, "end": 145.45, "word": " the", "probability": 0.88037109375 }, { "start": 145.45, "end": 145.79, "word": " Fed's", "probability": 1.0 }, { "start": 145.79, "end": 146.13, "word": " primary", "probability": 1.0 }, { "start": 146.13, "end": 146.55, "word": " tools,", "probability": 1.0 }, { "start": 146.81, "end": 147.15, "word": " especially", "probability": 0.99951171875 }, { "start": 147.15, "end": 147.41, "word": " interest", "probability": 0.998046875 }, { "start": 147.41, "end": 147.73, "word": " rates,", "probability": 1.0 } ] }, { "start": 147.89, "end": 149.47, "text": "but also to some extent, the balance sheet,", "avg_logprob": -0.15321179945021868, "no_speech_prob": 0.0, "words": [ { "start": 147.89, "end": 147.95, "word": " but", "probability": 0.99951171875 }, { "start": 147.95, "end": 148.19, "word": " also", "probability": 1.0 }, { "start": 148.19, "end": 148.41, "word": " to", "probability": 0.9501953125 }, { "start": 148.41, "end": 148.59, "word": " some", "probability": 1.0 }, { "start": 148.59, "end": 148.79, "word": " extent,", "probability": 1.0 }, { "start": 148.87, "end": 148.95, "word": " the", "probability": 0.9990234375 }, { "start": 148.95, "end": 149.21, "word": " balance", "probability": 0.99951171875 }, { "start": 149.21, "end": 149.47, "word": " sheet,", "probability": 0.99951171875 } ] }, { "start": 149.65, "end": 152.93, "text": "are meant to encourage more bank lending", "avg_logprob": -0.15321179945021868, "no_speech_prob": 0.0, "words": [ { "start": 149.65, "end": 150.19, "word": " are", "probability": 0.99951171875 }, { "start": 150.19, "end": 150.49, "word": " meant", "probability": 1.0 }, { "start": 150.49, "end": 150.93, "word": " to", "probability": 1.0 }, { "start": 150.93, "end": 152.01, "word": " encourage", "probability": 0.99951171875 }, { "start": 152.01, "end": 152.33, "word": " more", "probability": 1.0 }, { "start": 152.33, "end": 152.63, "word": " bank", "probability": 1.0 }, { "start": 152.63, "end": 152.93, "word": " lending", "probability": 0.99951171875 } ] }, { "start": 153.79, "end": 155.93, "text": "or discourage bank lending and make it tighter.", "avg_logprob": -0.17817164245826095, "no_speech_prob": 0.0, "words": [ { "start": 153.79, "end": 154.23, "word": " or", "probability": 0.9609375 }, { "start": 154.23, "end": 154.67, "word": " discourage", "probability": 0.998046875 }, { "start": 154.67, "end": 154.95, "word": " bank", "probability": 0.99951171875 }, { "start": 154.95, "end": 155.19, "word": " lending", "probability": 0.99951171875 }, { "start": 155.19, "end": 155.37, "word": " and", "probability": 0.9970703125 }, { "start": 155.37, "end": 155.51, "word": " make", "probability": 1.0 }, { "start": 155.51, "end": 155.61, "word": " it", "probability": 1.0 }, { "start": 155.61, "end": 155.93, "word": " tighter.", "probability": 1.0 } ] }, { "start": 156.61, "end": 159.77, "text": "So, I mean, the obvious example is if interest rates get super high,", "avg_logprob": -0.17817164245826095, "no_speech_prob": 0.0, "words": [ { "start": 156.61, "end": 156.93, "word": " So,", "probability": 0.68115234375 }, { "start": 157.05, "end": 157.07, "word": " I", "probability": 0.9833984375 }, { "start": 157.07, "end": 157.19, "word": " mean,", "probability": 1.0 }, { "start": 157.29, "end": 157.47, "word": " the", "probability": 1.0 }, { "start": 157.47, "end": 157.71, "word": " obvious", "probability": 0.99755859375 }, { "start": 157.71, "end": 158.15, "word": " example", "probability": 0.9853515625 }, { "start": 158.15, "end": 158.31, "word": " is", "probability": 1.0 }, { "start": 158.31, "end": 158.57, "word": " if", "probability": 0.95068359375 }, { "start": 158.57, "end": 158.77, "word": " interest", "probability": 0.396728515625 }, { "start": 158.77, "end": 158.95, "word": " rates", "probability": 0.9990234375 }, { "start": 158.95, "end": 159.07, "word": " get", "probability": 0.95703125 }, { "start": 159.07, "end": 159.33, "word": " super", "probability": 1.0 }, { "start": 159.33, "end": 159.77, "word": " high,", "probability": 1.0 } ] }, { "start": 160.33, "end": 162.17, "text": "fewer people are likely going to, you know,", "avg_logprob": -0.17817164245826095, "no_speech_prob": 0.0, "words": [ { "start": 160.33, "end": 160.67, "word": " fewer", "probability": 0.98046875 }, { "start": 160.67, "end": 160.95, "word": " people", "probability": 1.0 }, { "start": 160.95, "end": 161.09, "word": " are", "probability": 1.0 }, { "start": 161.09, "end": 161.37, "word": " likely", "probability": 1.0 }, { "start": 161.37, "end": 161.55, "word": " going", "probability": 0.78955078125 }, { "start": 161.55, "end": 161.79, "word": " to,", "probability": 1.0 }, { "start": 161.79, "end": 162.05, "word": " you", "probability": 0.99609375 }, { "start": 162.05, "end": 162.17, "word": " know,", "probability": 1.0 } ] }, { "start": 162.77, "end": 166.31, "text": "take out a really big mortgage and overpay for the next house, right?", "avg_logprob": -0.17817164245826095, "no_speech_prob": 0.0, "words": [ { "start": 162.77, "end": 162.91, "word": " take", "probability": 0.9990234375 }, { "start": 162.91, "end": 163.01, "word": " out", "probability": 0.99951171875 }, { "start": 163.01, "end": 163.09, "word": " a", "probability": 1.0 }, { "start": 163.09, "end": 163.21, "word": " really", "probability": 1.0 }, { "start": 163.21, "end": 163.37, "word": " big", "probability": 1.0 }, { "start": 163.37, "end": 163.71, "word": " mortgage", "probability": 1.0 }, { "start": 163.71, "end": 164.21, "word": " and", "probability": 0.99853515625 }, { "start": 164.21, "end": 165.29, "word": " overpay", "probability": 0.99755859375 }, { "start": 165.29, "end": 165.43, "word": " for", "probability": 0.97998046875 }, { "start": 165.43, "end": 165.51, "word": " the", "probability": 0.93798828125 }, { "start": 165.51, "end": 165.63, "word": " next", "probability": 1.0 }, { "start": 165.63, "end": 166.01, "word": " house,", "probability": 0.99951171875 }, { "start": 166.21, "end": 166.31, "word": " right?", "probability": 1.0 } ] }, { "start": 166.39, "end": 169.25, "text": "They're going to be more conservative with their housing decisions.", "avg_logprob": -0.17817164245826095, "no_speech_prob": 0.0, "words": [ { "start": 166.39, "end": 166.51, "word": " They're", "probability": 0.999267578125 }, { "start": 166.51, "end": 166.57, "word": " going", "probability": 0.99609375 }, { "start": 166.57, "end": 166.65, "word": " to", "probability": 1.0 }, { "start": 166.65, "end": 167.03, "word": " be", "probability": 0.9873046875 }, { "start": 167.03, "end": 167.57, "word": " more", "probability": 1.0 }, { "start": 167.57, "end": 168.05, "word": " conservative", "probability": 1.0 }, { "start": 168.05, "end": 168.27, "word": " with", "probability": 1.0 }, { "start": 168.27, "end": 168.41, "word": " their", "probability": 1.0 }, { "start": 168.41, "end": 168.71, "word": " housing", "probability": 0.99951171875 }, { "start": 168.71, "end": 169.25, "word": " decisions.", "probability": 1.0 } ] }, { "start": 169.57, "end": 172.25, "text": "And also that just throughout the economy,", "avg_logprob": -0.17817164245826095, "no_speech_prob": 0.0, "words": [ { "start": 169.57, "end": 170.01, "word": " And", "probability": 0.99951171875 }, { "start": 170.01, "end": 170.81, "word": " also", "probability": 0.9794921875 }, { "start": 170.81, "end": 171.05, "word": " that", "probability": 0.71923828125 }, { "start": 171.05, "end": 171.51, "word": " just", "probability": 0.9814453125 }, { "start": 171.51, "end": 171.77, "word": " throughout", "probability": 1.0 }, { "start": 171.77, "end": 171.93, "word": " the", "probability": 1.0 }, { "start": 171.93, "end": 172.25, "word": " economy,", "probability": 1.0 } ] }, { "start": 172.35, "end": 173.91, "text": "that'll trickle out in various ways.", "avg_logprob": -0.17817164245826095, "no_speech_prob": 0.0, "words": [ { "start": 172.35, "end": 172.73, "word": " that'll", "probability": 0.998046875 }, { "start": 172.73, "end": 173.05, "word": " trickle", "probability": 0.99853515625 }, { "start": 173.05, "end": 173.17, "word": " out", "probability": 1.0 }, { "start": 173.17, "end": 173.27, "word": " in", "probability": 1.0 }, { "start": 173.27, "end": 173.55, "word": " various", "probability": 1.0 }, { "start": 173.55, "end": 173.91, "word": " ways.", "probability": 1.0 } ] }, { "start": 174.17, "end": 177.73, "text": "So their tools are primarily saying, okay, if things are running hot,", "avg_logprob": -0.17817164245826095, "no_speech_prob": 0.0, "words": [ { "start": 174.17, "end": 174.61, "word": " So", "probability": 0.99951171875 }, { "start": 174.61, "end": 175.33, "word": " their", "probability": 0.814453125 }, { "start": 175.33, "end": 175.63, "word": " tools", "probability": 1.0 }, { "start": 175.63, "end": 175.79, "word": " are", "probability": 1.0 }, { "start": 175.79, "end": 176.11, "word": " primarily", "probability": 1.0 }, { "start": 176.11, "end": 176.33, "word": " saying,", "probability": 0.99951171875 }, { "start": 176.43, "end": 176.49, "word": " okay,", "probability": 0.91650390625 }, { "start": 176.61, "end": 176.77, "word": " if", "probability": 1.0 }, { "start": 176.77, "end": 176.95, "word": " things", "probability": 1.0 }, { "start": 176.95, "end": 177.07, "word": " are", "probability": 1.0 }, { "start": 177.07, "end": 177.29, "word": " running", "probability": 1.0 }, { "start": 177.29, "end": 177.73, "word": " hot,", "probability": 1.0 } ] }, { "start": 177.93, "end": 180.23, "text": "if a lot of fractions are bank lending is happening,", "avg_logprob": -0.17817164245826095, "no_speech_prob": 0.0, "words": [ { "start": 177.93, "end": 177.97, "word": " if", "probability": 0.9736328125 }, { "start": 177.97, "end": 178.39, "word": " a", "probability": 0.99951171875 }, { "start": 178.39, "end": 178.55, "word": " lot", "probability": 1.0 }, { "start": 178.55, "end": 178.69, "word": " of", "probability": 1.0 }, { "start": 178.69, "end": 179.07, "word": " fractions", "probability": 0.6435546875 }, { "start": 179.07, "end": 179.25, "word": " are", "probability": 0.6484375 }, { "start": 179.25, "end": 179.53, "word": " bank", "probability": 0.97216796875 }, { "start": 179.53, "end": 179.73, "word": " lending", "probability": 0.70068359375 }, { "start": 179.73, "end": 179.87, "word": " is", "probability": 0.548828125 }, { "start": 179.87, "end": 180.23, "word": " happening,", "probability": 1.0 } ] }, { "start": 180.45, "end": 181.33, "text": "inflation is above target,", "avg_logprob": -0.17817164245826095, "no_speech_prob": 0.0, "words": [ { "start": 180.45, "end": 180.67, "word": " inflation", "probability": 0.99755859375 }, { "start": 180.67, "end": 180.81, "word": " is", "probability": 0.916015625 }, { "start": 180.81, "end": 180.95, "word": " above", "probability": 0.99951171875 }, { "start": 180.95, "end": 181.33, "word": " target,", "probability": 0.99951171875 } ] }, { "start": 181.33, "end": 186.49, "text": "Let's try to slow down that bank lending and that broad money creation or vice versa.", "avg_logprob": -0.14215828826494306, "no_speech_prob": 0.0, "words": [ { "start": 181.33, "end": 181.87, "word": " Let's", "probability": 0.840576171875 }, { "start": 181.87, "end": 182.01, "word": " try", "probability": 1.0 }, { "start": 182.01, "end": 182.13, "word": " to", "probability": 1.0 }, { "start": 182.13, "end": 182.47, "word": " slow", "probability": 1.0 }, { "start": 182.47, "end": 182.83, "word": " down", "probability": 1.0 }, { "start": 182.83, "end": 183.09, "word": " that", "probability": 0.99951171875 }, { "start": 183.09, "end": 183.69, "word": " bank", "probability": 0.9580078125 }, { "start": 183.69, "end": 183.97, "word": " lending", "probability": 1.0 }, { "start": 183.97, "end": 184.13, "word": " and", "probability": 0.99755859375 }, { "start": 184.13, "end": 184.23, "word": " that", "probability": 1.0 }, { "start": 184.23, "end": 184.47, "word": " broad", "probability": 1.0 }, { "start": 184.47, "end": 184.67, "word": " money", "probability": 0.99951171875 }, { "start": 184.67, "end": 185.13, "word": " creation", "probability": 1.0 }, { "start": 185.13, "end": 185.93, "word": " or", "probability": 0.57763671875 }, { "start": 185.93, "end": 186.19, "word": " vice", "probability": 1.0 }, { "start": 186.19, "end": 186.49, "word": " versa.", "probability": 1.0 } ] }, { "start": 186.49, "end": 191.23, "text": "If you're in kind of a stagnation, in theory, they try to lower rates and say, go borrow more.", "avg_logprob": -0.14215828826494306, "no_speech_prob": 0.0, "words": [ { "start": 186.49, "end": 186.91, "word": " If", "probability": 0.99853515625 }, { "start": 186.91, "end": 187.07, "word": " you're", "probability": 1.0 }, { "start": 187.07, "end": 187.19, "word": " in", "probability": 1.0 }, { "start": 187.19, "end": 187.33, "word": " kind", "probability": 0.90478515625 }, { "start": 187.33, "end": 187.41, "word": " of", "probability": 1.0 }, { "start": 187.41, "end": 187.53, "word": " a", "probability": 1.0 }, { "start": 187.53, "end": 188.21, "word": " stagnation,", "probability": 1.0 }, { "start": 188.71, "end": 189.05, "word": " in", "probability": 0.603515625 }, { "start": 189.05, "end": 189.33, "word": " theory,", "probability": 1.0 }, { "start": 189.41, "end": 189.49, "word": " they", "probability": 1.0 }, { "start": 189.49, "end": 189.63, "word": " try", "probability": 1.0 }, { "start": 189.63, "end": 189.73, "word": " to", "probability": 1.0 }, { "start": 189.73, "end": 189.93, "word": " lower", "probability": 1.0 }, { "start": 189.93, "end": 190.27, "word": " rates", "probability": 1.0 }, { "start": 190.27, "end": 190.41, "word": " and", "probability": 0.99072265625 }, { "start": 190.41, "end": 190.51, "word": " say,", "probability": 1.0 }, { "start": 190.63, "end": 190.69, "word": " go", "probability": 0.9951171875 }, { "start": 190.69, "end": 190.99, "word": " borrow", "probability": 0.9990234375 }, { "start": 190.99, "end": 191.23, "word": " more.", "probability": 1.0 } ] }, { "start": 191.37, "end": 199.19, "text": "Go take out that bigger mortgage, buy that bigger house, which will take more resources and labor and do all that.", "avg_logprob": -0.14215828826494306, "no_speech_prob": 0.0, "words": [ { "start": 191.37, "end": 191.55, "word": " Go", "probability": 0.99853515625 }, { "start": 191.55, "end": 192.23, "word": " take", "probability": 0.99853515625 }, { "start": 192.23, "end": 192.37, "word": " out", "probability": 0.99951171875 }, { "start": 192.37, "end": 192.49, "word": " that", "probability": 1.0 }, { "start": 192.49, "end": 192.71, "word": " bigger", "probability": 1.0 }, { "start": 192.71, "end": 193.03, "word": " mortgage,", "probability": 0.99951171875 }, { "start": 193.21, "end": 193.31, "word": " buy", "probability": 1.0 }, { "start": 193.31, "end": 193.47, "word": " that", "probability": 1.0 }, { "start": 193.47, "end": 193.73, "word": " bigger", "probability": 1.0 }, { "start": 193.73, "end": 194.21, "word": " house,", "probability": 1.0 }, { "start": 194.21, "end": 194.75, "word": " which", "probability": 1.0 }, { "start": 194.75, "end": 194.85, "word": " will", "probability": 1.0 }, { "start": 194.85, "end": 195.01, "word": " take", "probability": 1.0 }, { "start": 195.01, "end": 195.25, "word": " more", "probability": 1.0 }, { "start": 195.25, "end": 195.93, "word": " resources", "probability": 1.0 }, { "start": 195.93, "end": 196.15, "word": " and", "probability": 1.0 }, { "start": 196.15, "end": 196.53, "word": " labor", "probability": 0.9990234375 }, { "start": 196.53, "end": 197.91, "word": " and", "probability": 0.7421875 }, { "start": 197.91, "end": 198.69, "word": " do", "probability": 1.0 }, { "start": 198.69, "end": 198.87, "word": " all", "probability": 1.0 }, { "start": 198.87, "end": 199.19, "word": " that.", "probability": 1.0 } ] }, { "start": 200.75, "end": 209.49, "text": "And that can be effective in, for example, Paul Volcker's era where bank lending was the key driver of the rate of money supply growth.", "avg_logprob": -0.14215828826494306, "no_speech_prob": 0.0, "words": [ { "start": 200.75, "end": 201.27, "word": " And", "probability": 0.91357421875 }, { "start": 201.27, "end": 201.79, "word": " that", "probability": 1.0 }, { "start": 201.79, "end": 202.17, "word": " can", "probability": 1.0 }, { "start": 202.17, "end": 202.33, "word": " be", "probability": 1.0 }, { "start": 202.33, "end": 202.75, "word": " effective", "probability": 1.0 }, { "start": 202.75, "end": 203.13, "word": " in,", "probability": 0.99853515625 }, { "start": 203.23, "end": 203.29, "word": " for", "probability": 1.0 }, { "start": 203.29, "end": 203.55, "word": " example,", "probability": 1.0 }, { "start": 203.71, "end": 203.97, "word": " Paul", "probability": 1.0 }, { "start": 203.97, "end": 204.45, "word": " Volcker's", "probability": 0.9791666666666666 }, { "start": 204.45, "end": 204.77, "word": " era", "probability": 1.0 }, { "start": 204.77, "end": 205.25, "word": " where", "probability": 0.7548828125 }, { "start": 205.25, "end": 205.57, "word": " bank", "probability": 0.99951171875 }, { "start": 205.57, "end": 205.85, "word": " lending", "probability": 1.0 }, { "start": 205.85, "end": 206.41, "word": " was", "probability": 1.0 }, { "start": 206.41, "end": 206.59, "word": " the", "probability": 1.0 }, { "start": 206.59, "end": 206.81, "word": " key", "probability": 1.0 }, { "start": 206.81, "end": 207.25, "word": " driver", "probability": 1.0 }, { "start": 207.25, "end": 207.95, "word": " of", "probability": 0.99951171875 }, { "start": 207.95, "end": 208.29, "word": " the", "probability": 1.0 }, { "start": 208.29, "end": 208.55, "word": " rate", "probability": 0.99072265625 }, { "start": 208.55, "end": 208.63, "word": " of", "probability": 0.99951171875 }, { "start": 208.63, "end": 208.77, "word": " money", "probability": 1.0 }, { "start": 208.77, "end": 209.07, "word": " supply", "probability": 1.0 }, { "start": 209.07, "end": 209.49, "word": " growth.", "probability": 1.0 } ] }, { "start": 210.51, "end": 218.51, "text": "it works far less when fiscal deficits are a bigger source of kind of just new money entering", "avg_logprob": -0.0735677119758394, "no_speech_prob": 0.0, "words": [ { "start": 210.51, "end": 211.07, "word": " it", "probability": 0.12310791015625 }, { "start": 211.07, "end": 211.57, "word": " works", "probability": 0.99755859375 }, { "start": 211.57, "end": 212.13, "word": " far", "probability": 0.9990234375 }, { "start": 212.13, "end": 212.67, "word": " less", "probability": 1.0 }, { "start": 212.67, "end": 213.91, "word": " when", "probability": 0.99072265625 }, { "start": 213.91, "end": 214.55, "word": " fiscal", "probability": 0.98681640625 }, { "start": 214.55, "end": 214.99, "word": " deficits", "probability": 1.0 }, { "start": 214.99, "end": 215.71, "word": " are", "probability": 1.0 }, { "start": 215.71, "end": 215.95, "word": " a", "probability": 1.0 }, { "start": 215.95, "end": 216.27, "word": " bigger", "probability": 1.0 }, { "start": 216.27, "end": 216.79, "word": " source", "probability": 1.0 }, { "start": 216.79, "end": 217.13, "word": " of", "probability": 1.0 }, { "start": 217.13, "end": 217.29, "word": " kind", "probability": 0.85546875 }, { "start": 217.29, "end": 217.45, "word": " of", "probability": 1.0 }, { "start": 217.45, "end": 217.69, "word": " just", "probability": 0.9921875 }, { "start": 217.69, "end": 217.93, "word": " new", "probability": 1.0 }, { "start": 217.93, "end": 218.23, "word": " money", "probability": 1.0 }, { "start": 218.23, "end": 218.51, "word": " entering", "probability": 1.0 } ] }, { "start": 218.51, "end": 224.97, "text": "the economy than bank lending and we've actually kind of reached a phase where annual deficits so", "avg_logprob": -0.0735677119758394, "no_speech_prob": 0.0, "words": [ { "start": 218.51, "end": 218.67, "word": " the", "probability": 1.0 }, { "start": 218.67, "end": 219.13, "word": " economy", "probability": 0.99951171875 }, { "start": 219.13, "end": 220.31, "word": " than", "probability": 0.99072265625 }, { "start": 220.31, "end": 220.61, "word": " bank", "probability": 0.99951171875 }, { "start": 220.61, "end": 220.87, "word": " lending", "probability": 0.99951171875 }, { "start": 220.87, "end": 221.53, "word": " and", "probability": 0.058013916015625 }, { "start": 221.53, "end": 221.93, "word": " we've", "probability": 0.998779296875 }, { "start": 221.93, "end": 222.11, "word": " actually", "probability": 1.0 }, { "start": 222.11, "end": 222.25, "word": " kind", "probability": 0.99560546875 }, { "start": 222.25, "end": 222.31, "word": " of", "probability": 1.0 }, { "start": 222.31, "end": 222.51, "word": " reached", "probability": 0.99951171875 }, { "start": 222.51, "end": 222.63, "word": " a", "probability": 1.0 }, { "start": 222.63, "end": 222.93, "word": " phase", "probability": 0.9990234375 }, { "start": 222.93, "end": 223.23, "word": " where", "probability": 1.0 }, { "start": 223.23, "end": 224.09, "word": " annual", "probability": 0.99951171875 }, { "start": 224.09, "end": 224.69, "word": " deficits", "probability": 0.91015625 }, { "start": 224.69, "end": 224.97, "word": " so", "probability": 0.8681640625 } ] }, { "start": 224.97, "end": 230.41, "text": "basically the amount of net new treasuries created in a given 12-month period is now bigger than the", "avg_logprob": -0.0735677119758394, "no_speech_prob": 0.0, "words": [ { "start": 224.97, "end": 225.19, "word": " basically", "probability": 0.99951171875 }, { "start": 225.19, "end": 225.37, "word": " the", "probability": 0.9990234375 }, { "start": 225.37, "end": 225.59, "word": " amount", "probability": 0.99951171875 }, { "start": 225.59, "end": 225.79, "word": " of", "probability": 0.99951171875 }, { "start": 225.79, "end": 226.13, "word": " net", "probability": 0.99951171875 }, { "start": 226.13, "end": 226.41, "word": " new", "probability": 0.99951171875 }, { "start": 226.41, "end": 226.89, "word": " treasuries", "probability": 0.9695638020833334 }, { "start": 226.89, "end": 227.39, "word": " created", "probability": 0.88916015625 }, { "start": 227.39, "end": 227.65, "word": " in", "probability": 0.99951171875 }, { "start": 227.65, "end": 227.73, "word": " a", "probability": 0.99951171875 }, { "start": 227.73, "end": 228.01, "word": " given", "probability": 0.99951171875 }, { "start": 228.01, "end": 228.29, "word": " 12", "probability": 0.99658203125 }, { "start": 228.29, "end": 228.47, "word": "-month", "probability": 0.716796875 }, { "start": 228.47, "end": 228.85, "word": " period", "probability": 1.0 }, { "start": 228.85, "end": 229.61, "word": " is", "probability": 0.99951171875 }, { "start": 229.61, "end": 229.77, "word": " now", "probability": 1.0 }, { "start": 229.77, "end": 230.11, "word": " bigger", "probability": 1.0 }, { "start": 230.11, "end": 230.27, "word": " than", "probability": 1.0 }, { "start": 230.27, "end": 230.41, "word": " the", "probability": 1.0 } ] }, { "start": 230.41, "end": 237.19, "text": "sum of net new bank loans and net new corporate bond issuance and so the fed can kind of focus", "avg_logprob": -0.0735677119758394, "no_speech_prob": 0.0, "words": [ { "start": 230.41, "end": 230.65, "word": " sum", "probability": 0.99853515625 }, { "start": 230.65, "end": 230.81, "word": " of", "probability": 1.0 }, { "start": 230.81, "end": 231.11, "word": " net", "probability": 0.99951171875 }, { "start": 231.11, "end": 231.33, "word": " new", "probability": 1.0 }, { "start": 231.33, "end": 231.61, "word": " bank", "probability": 1.0 }, { "start": 231.61, "end": 232.01, "word": " loans", "probability": 1.0 }, { "start": 232.01, "end": 232.75, "word": " and", "probability": 0.99951171875 }, { "start": 232.75, "end": 233.01, "word": " net", "probability": 0.99951171875 }, { "start": 233.01, "end": 233.25, "word": " new", "probability": 1.0 }, { "start": 233.25, "end": 233.59, "word": " corporate", "probability": 0.99951171875 }, { "start": 233.59, "end": 233.87, "word": " bond", "probability": 0.99951171875 }, { "start": 233.87, "end": 234.35, "word": " issuance", "probability": 0.9993489583333334 }, { "start": 234.35, "end": 235.77, "word": " and", "probability": 0.9072265625 }, { "start": 235.77, "end": 235.95, "word": " so", "probability": 0.99951171875 }, { "start": 235.95, "end": 236.33, "word": " the", "probability": 0.998046875 }, { "start": 236.33, "end": 236.53, "word": " fed", "probability": 0.58056640625 }, { "start": 236.53, "end": 236.73, "word": " can", "probability": 0.81640625 }, { "start": 236.73, "end": 236.83, "word": " kind", "probability": 0.99951171875 }, { "start": 236.83, "end": 236.91, "word": " of", "probability": 1.0 }, { "start": 236.91, "end": 237.19, "word": " focus", "probability": 1.0 } ] }, { "start": 237.19, "end": 243.11, "text": "all they want on trying to slow down that bank lending channel. But it's a smaller factor than", "avg_logprob": -0.0676676402023683, "no_speech_prob": 0.0, "words": [ { "start": 237.19, "end": 237.33, "word": " all", "probability": 0.479736328125 }, { "start": 237.33, "end": 237.45, "word": " they", "probability": 0.99755859375 }, { "start": 237.45, "end": 237.73, "word": " want", "probability": 0.9990234375 }, { "start": 237.73, "end": 237.89, "word": " on", "probability": 0.951171875 }, { "start": 237.89, "end": 238.05, "word": " trying", "probability": 0.9951171875 }, { "start": 238.05, "end": 238.17, "word": " to", "probability": 0.99951171875 }, { "start": 238.17, "end": 238.37, "word": " slow", "probability": 1.0 }, { "start": 238.37, "end": 238.59, "word": " down", "probability": 0.99951171875 }, { "start": 238.59, "end": 238.79, "word": " that", "probability": 0.9990234375 }, { "start": 238.79, "end": 239.07, "word": " bank", "probability": 0.99853515625 }, { "start": 239.07, "end": 239.33, "word": " lending", "probability": 0.99853515625 }, { "start": 239.33, "end": 239.81, "word": " channel.", "probability": 0.99951171875 }, { "start": 240.99, "end": 241.47, "word": " But", "probability": 0.8310546875 }, { "start": 241.47, "end": 241.75, "word": " it's", "probability": 0.9970703125 }, { "start": 241.75, "end": 241.97, "word": " a", "probability": 0.99853515625 }, { "start": 241.97, "end": 242.41, "word": " smaller", "probability": 0.9990234375 }, { "start": 242.41, "end": 242.89, "word": " factor", "probability": 0.99951171875 }, { "start": 242.89, "end": 243.11, "word": " than", "probability": 0.99853515625 } ] }, { "start": 243.11, "end": 248.15, "text": "the deficits. And then ironically, higher rates makes the deficits higher now. So it actually,", "avg_logprob": -0.0676676402023683, "no_speech_prob": 0.0, "words": [ { "start": 243.11, "end": 243.23, "word": " the", "probability": 0.99951171875 }, { "start": 243.23, "end": 243.63, "word": " deficits.", "probability": 0.998046875 }, { "start": 244.23, "end": 244.23, "word": " And", "probability": 0.953125 }, { "start": 244.23, "end": 244.35, "word": " then", "probability": 0.99755859375 }, { "start": 244.35, "end": 244.79, "word": " ironically,", "probability": 0.9228515625 }, { "start": 245.03, "end": 245.27, "word": " higher", "probability": 0.99951171875 }, { "start": 245.27, "end": 245.61, "word": " rates", "probability": 0.99951171875 }, { "start": 245.61, "end": 245.87, "word": " makes", "probability": 0.99658203125 }, { "start": 245.87, "end": 246.01, "word": " the", "probability": 1.0 }, { "start": 246.01, "end": 246.27, "word": " deficits", "probability": 0.99658203125 }, { "start": 246.27, "end": 246.63, "word": " higher", "probability": 1.0 }, { "start": 246.63, "end": 246.89, "word": " now.", "probability": 0.9990234375 }, { "start": 247.45, "end": 247.75, "word": " So", "probability": 0.93212890625 }, { "start": 247.75, "end": 247.91, "word": " it", "probability": 0.96484375 }, { "start": 247.91, "end": 248.15, "word": " actually,", "probability": 0.99951171875 } ] }, { "start": 248.37, "end": 257.61, "text": "in some ways, every time the Fed raises rates, I get a raise. Any investor that has as much cash", "avg_logprob": -0.0676676402023683, "no_speech_prob": 0.0, "words": [ { "start": 248.37, "end": 248.43, "word": " in", "probability": 0.99951171875 }, { "start": 248.43, "end": 248.57, "word": " some", "probability": 1.0 }, { "start": 248.57, "end": 248.75, "word": " ways,", "probability": 0.99951171875 }, { "start": 248.93, "end": 249.57, "word": " every", "probability": 0.362548828125 }, { "start": 249.57, "end": 249.83, "word": " time", "probability": 1.0 }, { "start": 249.83, "end": 250.01, "word": " the", "probability": 1.0 }, { "start": 250.01, "end": 250.29, "word": " Fed", "probability": 0.99267578125 }, { "start": 250.29, "end": 251.49, "word": " raises", "probability": 1.0 }, { "start": 251.49, "end": 251.95, "word": " rates,", "probability": 0.99951171875 }, { "start": 252.59, "end": 252.83, "word": " I", "probability": 1.0 }, { "start": 252.83, "end": 252.95, "word": " get", "probability": 1.0 }, { "start": 252.95, "end": 253.07, "word": " a", "probability": 1.0 }, { "start": 253.07, "end": 253.31, "word": " raise.", "probability": 0.9990234375 }, { "start": 253.57, "end": 254.05, "word": " Any", "probability": 0.9853515625 }, { "start": 254.05, "end": 255.31, "word": " investor", "probability": 0.99853515625 }, { "start": 255.31, "end": 255.55, "word": " that", "probability": 0.97705078125 }, { "start": 255.55, "end": 256.91, "word": " has", "probability": 1.0 }, { "start": 256.91, "end": 257.05, "word": " as", "probability": 1.0 }, { "start": 257.05, "end": 257.21, "word": " much", "probability": 1.0 }, { "start": 257.21, "end": 257.61, "word": " cash", "probability": 1.0 } ] }, { "start": 257.61, "end": 262.47, "text": "as if you have a locked-in mortgage, you've got a money market fund, you get a raise every time", "avg_logprob": -0.0676676402023683, "no_speech_prob": 0.0, "words": [ { "start": 257.61, "end": 257.77, "word": " as", "probability": 0.58984375 }, { "start": 257.77, "end": 258.01, "word": " if", "probability": 0.53271484375 }, { "start": 258.01, "end": 258.27, "word": " you", "probability": 1.0 }, { "start": 258.27, "end": 258.41, "word": " have", "probability": 1.0 }, { "start": 258.41, "end": 258.49, "word": " a", "probability": 0.99951171875 }, { "start": 258.49, "end": 258.77, "word": " locked", "probability": 0.99853515625 }, { "start": 258.77, "end": 258.89, "word": "-in", "probability": 0.902587890625 }, { "start": 258.89, "end": 259.27, "word": " mortgage,", "probability": 1.0 }, { "start": 259.47, "end": 259.95, "word": " you've", "probability": 0.99951171875 }, { "start": 259.95, "end": 260.03, "word": " got", "probability": 1.0 }, { "start": 260.03, "end": 260.13, "word": " a", "probability": 1.0 }, { "start": 260.13, "end": 260.29, "word": " money", "probability": 0.9970703125 }, { "start": 260.29, "end": 260.61, "word": " market", "probability": 0.99853515625 }, { "start": 260.61, "end": 261.01, "word": " fund,", "probability": 1.0 }, { "start": 261.41, "end": 261.65, "word": " you", "probability": 0.99951171875 }, { "start": 261.65, "end": 261.77, "word": " get", "probability": 0.99951171875 }, { "start": 261.77, "end": 261.87, "word": " a", "probability": 1.0 }, { "start": 261.87, "end": 262.07, "word": " raise", "probability": 0.99951171875 }, { "start": 262.07, "end": 262.29, "word": " every", "probability": 0.99951171875 }, { "start": 262.29, "end": 262.47, "word": " time", "probability": 1.0 } ] }, { "start": 262.47, "end": 268.11, "text": "the fed raises interest rates even at orange juice when we when we raised our capital you know it's", "avg_logprob": -0.05940315187782855, "no_speech_prob": 0.0, "words": [ { "start": 262.47, "end": 262.65, "word": " the", "probability": 0.8125 }, { "start": 262.65, "end": 262.87, "word": " fed", "probability": 0.259033203125 }, { "start": 262.87, "end": 263.33, "word": " raises", "probability": 0.998046875 }, { "start": 263.33, "end": 263.59, "word": " interest", "probability": 0.99755859375 }, { "start": 263.59, "end": 263.87, "word": " rates", "probability": 0.9990234375 }, { "start": 263.87, "end": 264.35, "word": " even", "probability": 0.9072265625 }, { "start": 264.35, "end": 264.51, "word": " at", "probability": 0.99169921875 }, { "start": 264.51, "end": 264.79, "word": " orange", "probability": 0.99267578125 }, { "start": 264.79, "end": 265.09, "word": " juice", "probability": 0.9990234375 }, { "start": 265.09, "end": 265.31, "word": " when", "probability": 0.99658203125 }, { "start": 265.31, "end": 265.43, "word": " we", "probability": 0.998046875 }, { "start": 265.43, "end": 265.59, "word": " when", "probability": 0.85107421875 }, { "start": 265.59, "end": 265.77, "word": " we", "probability": 0.99951171875 }, { "start": 265.77, "end": 266.05, "word": " raised", "probability": 0.99658203125 }, { "start": 266.05, "end": 266.21, "word": " our", "probability": 1.0 }, { "start": 266.21, "end": 266.63, "word": " capital", "probability": 0.99755859375 }, { "start": 266.63, "end": 267.37, "word": " you", "probability": 0.96875 }, { "start": 267.37, "end": 267.45, "word": " know", "probability": 1.0 }, { "start": 267.45, "end": 268.11, "word": " it's", "probability": 0.985107421875 } ] }, { "start": 268.11, "end": 275.25, "text": "it's in uh interest bearing like fiat and we actually get the fed gave us a raise on a on a", "avg_logprob": -0.05940315187782855, "no_speech_prob": 0.0, "words": [ { "start": 268.11, "end": 268.37, "word": " it's", "probability": 0.974365234375 }, { "start": 268.37, "end": 268.77, "word": " in", "probability": 0.9912109375 }, { "start": 268.77, "end": 269.37, "word": " uh", "probability": 0.94189453125 }, { "start": 269.37, "end": 269.93, "word": " interest", "probability": 0.99951171875 }, { "start": 269.93, "end": 270.33, "word": " bearing", "probability": 0.78857421875 }, { "start": 270.33, "end": 271.13, "word": " like", "probability": 0.99755859375 }, { "start": 271.13, "end": 271.53, "word": " fiat", "probability": 0.99951171875 }, { "start": 271.53, "end": 272.35, "word": " and", "probability": 0.99951171875 }, { "start": 272.35, "end": 272.51, "word": " we", "probability": 0.9990234375 }, { "start": 272.51, "end": 272.73, "word": " actually", "probability": 1.0 }, { "start": 272.73, "end": 272.93, "word": " get", "probability": 0.99951171875 }, { "start": 272.93, "end": 273.27, "word": " the", "probability": 0.9990234375 }, { "start": 273.27, "end": 273.55, "word": " fed", "probability": 0.99755859375 }, { "start": 273.55, "end": 273.81, "word": " gave", "probability": 0.99951171875 }, { "start": 273.81, "end": 273.99, "word": " us", "probability": 1.0 }, { "start": 273.99, "end": 274.15, "word": " a", "probability": 1.0 }, { "start": 274.15, "end": 274.43, "word": " raise", "probability": 0.99853515625 }, { "start": 274.43, "end": 274.75, "word": " on", "probability": 1.0 }, { "start": 274.75, "end": 274.91, "word": " a", "probability": 0.99609375 }, { "start": 274.91, "end": 275.07, "word": " on", "probability": 0.89501953125 }, { "start": 275.07, "end": 275.25, "word": " a", "probability": 1.0 } ] }, { "start": 275.25, "end": 278.85, "text": "pretty large pool of capital which actually slightly allows us to go out and buy slightly", "avg_logprob": -0.05940315187782855, "no_speech_prob": 0.0, "words": [ { "start": 275.25, "end": 275.61, "word": " pretty", "probability": 0.99951171875 }, { "start": 275.61, "end": 275.87, "word": " large", "probability": 1.0 }, { "start": 275.87, "end": 276.09, "word": " pool", "probability": 1.0 }, { "start": 276.09, "end": 276.25, "word": " of", "probability": 0.99951171875 }, { "start": 276.25, "end": 276.53, "word": " capital", "probability": 0.998046875 }, { "start": 276.53, "end": 276.73, "word": " which", "probability": 1.0 }, { "start": 276.73, "end": 276.97, "word": " actually", "probability": 1.0 }, { "start": 276.97, "end": 277.31, "word": " slightly", "probability": 0.998046875 }, { "start": 277.31, "end": 277.67, "word": " allows", "probability": 1.0 }, { "start": 277.67, "end": 277.83, "word": " us", "probability": 1.0 }, { "start": 277.83, "end": 277.95, "word": " to", "probability": 1.0 }, { "start": 277.95, "end": 278.09, "word": " go", "probability": 1.0 }, { "start": 278.09, "end": 278.21, "word": " out", "probability": 0.99951171875 }, { "start": 278.21, "end": 278.31, "word": " and", "probability": 1.0 }, { "start": 278.31, "end": 278.51, "word": " buy", "probability": 0.99951171875 }, { "start": 278.51, "end": 278.85, "word": " slightly", "probability": 1.0 } ] }, { "start": 278.85, "end": 285.15, "text": "more companies or hire slightly more people around the margins obviously um and so interest rates at", "avg_logprob": -0.05940315187782855, "no_speech_prob": 0.0, "words": [ { "start": 278.85, "end": 279.09, "word": " more", "probability": 1.0 }, { "start": 279.09, "end": 279.53, "word": " companies", "probability": 1.0 }, { "start": 279.53, "end": 279.75, "word": " or", "probability": 0.9990234375 }, { "start": 279.75, "end": 280.03, "word": " hire", "probability": 0.9453125 }, { "start": 280.03, "end": 280.43, "word": " slightly", "probability": 1.0 }, { "start": 280.43, "end": 280.89, "word": " more", "probability": 1.0 }, { "start": 280.89, "end": 281.21, "word": " people", "probability": 1.0 }, { "start": 281.21, "end": 281.57, "word": " around", "probability": 0.98876953125 }, { "start": 281.57, "end": 281.71, "word": " the", "probability": 1.0 }, { "start": 281.71, "end": 282.03, "word": " margins", "probability": 1.0 }, { "start": 282.03, "end": 282.51, "word": " obviously", "probability": 0.99951171875 }, { "start": 282.51, "end": 283.27, "word": " um", "probability": 0.83154296875 }, { "start": 283.27, "end": 283.95, "word": " and", "probability": 0.99951171875 }, { "start": 283.95, "end": 284.15, "word": " so", "probability": 1.0 }, { "start": 284.15, "end": 284.51, "word": " interest", "probability": 0.99462890625 }, { "start": 284.51, "end": 284.75, "word": " rates", "probability": 0.99951171875 }, { "start": 284.75, "end": 285.15, "word": " at", "probability": 0.57177734375 } ] }, { "start": 285.15, "end": 291.45, "text": "when you're at 100 of debt to gdp just and the problem is more that deficit than the bank lending", "avg_logprob": -0.05940315187782855, "no_speech_prob": 0.0, "words": [ { "start": 285.15, "end": 285.23, "word": " when", "probability": 0.99951171875 }, { "start": 285.23, "end": 285.35, "word": " you're", "probability": 1.0 }, { "start": 285.35, "end": 285.49, "word": " at", "probability": 0.99951171875 }, { "start": 285.49, "end": 285.75, "word": " 100", "probability": 0.81396484375 }, { "start": 285.75, "end": 286.21, "word": " of", "probability": 0.8818359375 }, { "start": 286.21, "end": 286.39, "word": " debt", "probability": 0.96875 }, { "start": 286.39, "end": 286.51, "word": " to", "probability": 0.8857421875 }, { "start": 286.51, "end": 287.05, "word": " gdp", "probability": 0.9889322916666666 }, { "start": 287.05, "end": 288.35, "word": " just", "probability": 0.9609375 }, { "start": 288.35, "end": 289.11, "word": " and", "probability": 0.998046875 }, { "start": 289.11, "end": 289.43, "word": " the", "probability": 0.95068359375 }, { "start": 289.43, "end": 289.71, "word": " problem", "probability": 0.99951171875 }, { "start": 289.71, "end": 289.85, "word": " is", "probability": 1.0 }, { "start": 289.85, "end": 290.01, "word": " more", "probability": 1.0 }, { "start": 290.01, "end": 290.17, "word": " that", "probability": 0.994140625 }, { "start": 290.17, "end": 290.55, "word": " deficit", "probability": 0.99853515625 }, { "start": 290.55, "end": 290.75, "word": " than", "probability": 0.9970703125 }, { "start": 290.75, "end": 290.87, "word": " the", "probability": 0.99951171875 }, { "start": 290.87, "end": 291.11, "word": " bank", "probability": 0.99755859375 }, { "start": 291.11, "end": 291.45, "word": " lending", "probability": 0.9951171875 } ] }, { "start": 291.93, "end": 296.37, "text": "they're just kind of solving a different problem and so it's not that i would say okay here's what", "avg_logprob": -0.05529364346173303, "no_speech_prob": 0.0, "words": [ { "start": 291.93, "end": 292.37, "word": " they're", "probability": 0.850341796875 }, { "start": 292.37, "end": 292.51, "word": " just", "probability": 0.99951171875 }, { "start": 292.51, "end": 292.65, "word": " kind", "probability": 0.9091796875 }, { "start": 292.65, "end": 292.75, "word": " of", "probability": 1.0 }, { "start": 292.75, "end": 293.05, "word": " solving", "probability": 1.0 }, { "start": 293.05, "end": 293.19, "word": " a", "probability": 1.0 }, { "start": 293.19, "end": 293.35, "word": " different", "probability": 1.0 }, { "start": 293.35, "end": 293.73, "word": " problem", "probability": 1.0 }, { "start": 293.73, "end": 294.31, "word": " and", "probability": 0.034271240234375 }, { "start": 294.31, "end": 294.47, "word": " so", "probability": 0.99951171875 }, { "start": 294.47, "end": 294.93, "word": " it's", "probability": 0.998779296875 }, { "start": 294.93, "end": 295.11, "word": " not", "probability": 0.99951171875 }, { "start": 295.11, "end": 295.33, "word": " that", "probability": 1.0 }, { "start": 295.33, "end": 295.43, "word": " i", "probability": 0.4609375 }, { "start": 295.43, "end": 295.57, "word": " would", "probability": 1.0 }, { "start": 295.57, "end": 295.79, "word": " say", "probability": 1.0 }, { "start": 295.79, "end": 296.03, "word": " okay", "probability": 0.9990234375 }, { "start": 296.03, "end": 296.29, "word": " here's", "probability": 1.0 }, { "start": 296.29, "end": 296.37, "word": " what", "probability": 0.9970703125 } ] }, { "start": 296.37, "end": 302.09, "text": "the fed should do it's more just like how should they communicate that it's not really their", "avg_logprob": -0.05529364346173303, "no_speech_prob": 0.0, "words": [ { "start": 296.37, "end": 296.49, "word": " the", "probability": 0.99853515625 }, { "start": 296.49, "end": 296.65, "word": " fed", "probability": 0.99755859375 }, { "start": 296.65, "end": 296.87, "word": " should", "probability": 0.99658203125 }, { "start": 296.87, "end": 297.09, "word": " do", "probability": 1.0 }, { "start": 297.09, "end": 297.31, "word": " it's", "probability": 0.999755859375 }, { "start": 297.31, "end": 297.47, "word": " more", "probability": 0.99951171875 }, { "start": 297.47, "end": 297.65, "word": " just", "probability": 0.99853515625 }, { "start": 297.65, "end": 298.01, "word": " like", "probability": 0.99853515625 }, { "start": 298.01, "end": 298.69, "word": " how", "probability": 1.0 }, { "start": 298.69, "end": 298.93, "word": " should", "probability": 1.0 }, { "start": 298.93, "end": 299.07, "word": " they", "probability": 1.0 }, { "start": 299.07, "end": 299.55, "word": " communicate", "probability": 1.0 }, { "start": 299.55, "end": 300.03, "word": " that", "probability": 1.0 }, { "start": 300.03, "end": 300.93, "word": " it's", "probability": 1.0 }, { "start": 300.93, "end": 301.23, "word": " not", "probability": 1.0 }, { "start": 301.23, "end": 301.59, "word": " really", "probability": 1.0 }, { "start": 301.59, "end": 302.09, "word": " their", "probability": 0.99951171875 } ] }, { "start": 303.05, "end": 308.09, "text": "purview uh in some sense and yet the whole the whole structure of a central bank is designed", "avg_logprob": -0.05529364346173303, "no_speech_prob": 0.0, "words": [ { "start": 303.05, "end": 303.49, "word": " purview", "probability": 1.0 }, { "start": 303.49, "end": 303.93, "word": " uh", "probability": 0.900390625 }, { "start": 303.93, "end": 304.21, "word": " in", "probability": 1.0 }, { "start": 304.21, "end": 304.43, "word": " some", "probability": 1.0 }, { "start": 304.43, "end": 304.79, "word": " sense", "probability": 0.99951171875 }, { "start": 304.79, "end": 305.29, "word": " and", "probability": 1.0 }, { "start": 305.29, "end": 305.43, "word": " yet", "probability": 1.0 }, { "start": 305.43, "end": 305.65, "word": " the", "probability": 1.0 }, { "start": 305.65, "end": 305.87, "word": " whole", "probability": 0.99951171875 }, { "start": 305.87, "end": 306.09, "word": " the", "probability": 0.9990234375 }, { "start": 306.09, "end": 306.25, "word": " whole", "probability": 0.9990234375 }, { "start": 306.25, "end": 306.71, "word": " structure", "probability": 1.0 }, { "start": 306.71, "end": 306.85, "word": " of", "probability": 1.0 }, { "start": 306.85, "end": 306.97, "word": " a", "probability": 0.98828125 }, { "start": 306.97, "end": 307.13, "word": " central", "probability": 0.99951171875 }, { "start": 307.13, "end": 307.45, "word": " bank", "probability": 1.0 }, { "start": 307.45, "end": 307.69, "word": " is", "probability": 1.0 }, { "start": 307.69, "end": 308.09, "word": " designed", "probability": 1.0 } ] }, { "start": 308.09, "end": 312.25, "text": "around the idea that they can solve this and it's just it's kind of an illusion that we have that", "avg_logprob": -0.05529364346173303, "no_speech_prob": 0.0, "words": [ { "start": 308.09, "end": 308.35, "word": " around", "probability": 1.0 }, { "start": 308.35, "end": 308.51, "word": " the", "probability": 1.0 }, { "start": 308.51, "end": 308.75, "word": " idea", "probability": 1.0 }, { "start": 308.75, "end": 308.95, "word": " that", "probability": 1.0 }, { "start": 308.95, "end": 309.07, "word": " they", "probability": 1.0 }, { "start": 309.07, "end": 309.23, "word": " can", "probability": 1.0 }, { "start": 309.23, "end": 309.51, "word": " solve", "probability": 1.0 }, { "start": 309.51, "end": 309.79, "word": " this", "probability": 1.0 }, { "start": 309.79, "end": 310.37, "word": " and", "probability": 1.0 }, { "start": 310.37, "end": 310.51, "word": " it's", "probability": 1.0 }, { "start": 310.51, "end": 310.61, "word": " just", "probability": 0.99951171875 }, { "start": 310.61, "end": 310.85, "word": " it's", "probability": 1.0 }, { "start": 310.85, "end": 310.97, "word": " kind", "probability": 0.9990234375 }, { "start": 310.97, "end": 311.05, "word": " of", "probability": 1.0 }, { "start": 311.05, "end": 311.17, "word": " an", "probability": 0.99560546875 }, { "start": 311.17, "end": 311.47, "word": " illusion", "probability": 0.99951171875 }, { "start": 311.47, "end": 311.69, "word": " that", "probability": 1.0 }, { "start": 311.69, "end": 311.79, "word": " we", "probability": 1.0 }, { "start": 311.79, "end": 312.09, "word": " have", "probability": 1.0 }, { "start": 312.09, "end": 312.25, "word": " that", "probability": 0.99951171875 } ] }, { "start": 312.25, "end": 317.07, "text": "we've created for ourselves which is just kind of ultimately not the case yeah it's it's a sort of", "avg_logprob": -0.05529364346173303, "no_speech_prob": 0.0, "words": [ { "start": 312.25, "end": 312.43, "word": " we've", "probability": 0.999755859375 }, { "start": 312.43, "end": 312.67, "word": " created", "probability": 0.99951171875 }, { "start": 312.67, "end": 312.83, "word": " for", "probability": 1.0 }, { "start": 312.83, "end": 313.25, "word": " ourselves", "probability": 0.9990234375 }, { "start": 313.25, "end": 314.05, "word": " which", "probability": 1.0 }, { "start": 314.05, "end": 314.19, "word": " is", "probability": 1.0 }, { "start": 314.19, "end": 314.33, "word": " just", "probability": 1.0 }, { "start": 314.33, "end": 314.49, "word": " kind", "probability": 1.0 }, { "start": 314.49, "end": 314.61, "word": " of", "probability": 0.99951171875 }, { "start": 314.61, "end": 314.97, "word": " ultimately", "probability": 0.99853515625 }, { "start": 314.97, "end": 315.17, "word": " not", "probability": 1.0 }, { "start": 315.17, "end": 315.29, "word": " the", "probability": 0.99951171875 }, { "start": 315.29, "end": 315.61, "word": " case", "probability": 0.99853515625 }, { "start": 315.61, "end": 315.99, "word": " yeah", "probability": 0.99462890625 }, { "start": 315.99, "end": 316.33, "word": " it's", "probability": 1.0 }, { "start": 316.33, "end": 316.65, "word": " it's", "probability": 0.911376953125 }, { "start": 316.65, "end": 316.77, "word": " a", "probability": 0.98583984375 }, { "start": 316.77, "end": 316.93, "word": " sort", "probability": 0.99951171875 }, { "start": 316.93, "end": 317.07, "word": " of", "probability": 0.99951171875 } ] }, { "start": 317.07, "end": 324.67, "text": "800-pound gorilla that no one seems to be able to say anything about, whether it's the Fed or", "avg_logprob": -0.08222987629094367, "no_speech_prob": 0.0, "words": [ { "start": 317.07, "end": 317.81, "word": " 800", "probability": 0.625 }, { "start": 317.81, "end": 318.17, "word": "-pound", "probability": 0.84228515625 }, { "start": 318.17, "end": 318.49, "word": " gorilla", "probability": 0.9892578125 }, { "start": 318.49, "end": 318.75, "word": " that", "probability": 0.99853515625 }, { "start": 318.75, "end": 318.99, "word": " no", "probability": 1.0 }, { "start": 318.99, "end": 319.27, "word": " one", "probability": 1.0 }, { "start": 319.27, "end": 319.63, "word": " seems", "probability": 1.0 }, { "start": 319.63, "end": 319.83, "word": " to", "probability": 1.0 }, { "start": 319.83, "end": 319.97, "word": " be", "probability": 1.0 }, { "start": 319.97, "end": 320.23, "word": " able", "probability": 1.0 }, { "start": 320.23, "end": 320.67, "word": " to", "probability": 1.0 }, { "start": 320.67, "end": 321.71, "word": " say", "probability": 0.9931640625 }, { "start": 321.71, "end": 322.13, "word": " anything", "probability": 1.0 }, { "start": 322.13, "end": 322.65, "word": " about,", "probability": 1.0 }, { "start": 322.65, "end": 323.87, "word": " whether", "probability": 1.0 }, { "start": 323.87, "end": 324.07, "word": " it's", "probability": 0.999755859375 }, { "start": 324.07, "end": 324.17, "word": " the", "probability": 0.99951171875 }, { "start": 324.17, "end": 324.37, "word": " Fed", "probability": 0.9990234375 }, { "start": 324.37, "end": 324.67, "word": " or", "probability": 1.0 } ] }, { "start": 324.67, "end": 329.61, "text": "Treasury. But you have this other narrative, and again, this goes back to what people hear,", "avg_logprob": -0.08222987629094367, "no_speech_prob": 0.0, "words": [ { "start": 324.67, "end": 325.45, "word": " Treasury.", "probability": 0.99267578125 }, { "start": 325.75, "end": 326.09, "word": " But", "probability": 0.95751953125 }, { "start": 326.09, "end": 326.23, "word": " you", "probability": 1.0 }, { "start": 326.23, "end": 326.55, "word": " have", "probability": 1.0 }, { "start": 326.55, "end": 326.77, "word": " this", "probability": 1.0 }, { "start": 326.77, "end": 326.99, "word": " other", "probability": 1.0 }, { "start": 326.99, "end": 327.45, "word": " narrative,", "probability": 1.0 }, { "start": 327.53, "end": 327.63, "word": " and", "probability": 1.0 }, { "start": 327.63, "end": 327.87, "word": " again,", "probability": 0.990234375 }, { "start": 327.97, "end": 328.09, "word": " this", "probability": 1.0 }, { "start": 328.09, "end": 328.27, "word": " goes", "probability": 1.0 }, { "start": 328.27, "end": 328.47, "word": " back", "probability": 1.0 }, { "start": 328.47, "end": 328.61, "word": " to", "probability": 1.0 }, { "start": 328.61, "end": 328.81, "word": " what", "probability": 1.0 }, { "start": 328.81, "end": 329.15, "word": " people", "probability": 1.0 }, { "start": 329.15, "end": 329.61, "word": " hear,", "probability": 0.99462890625 } ] }, { "start": 330.79, "end": 334.83, "text": "that we've got the president up every day saying, when the midterms are over, the war is going to", "avg_logprob": -0.08222987629094367, "no_speech_prob": 0.0, "words": [ { "start": 330.79, "end": 331.19, "word": " that", "probability": 0.85595703125 }, { "start": 331.19, "end": 331.59, "word": " we've", "probability": 0.930908203125 }, { "start": 331.59, "end": 331.77, "word": " got", "probability": 1.0 }, { "start": 331.77, "end": 331.95, "word": " the", "probability": 1.0 }, { "start": 331.95, "end": 332.25, "word": " president", "probability": 0.92822265625 }, { "start": 332.25, "end": 332.49, "word": " up", "probability": 1.0 }, { "start": 332.49, "end": 332.73, "word": " every", "probability": 1.0 }, { "start": 332.73, "end": 332.95, "word": " day", "probability": 1.0 }, { "start": 332.95, "end": 333.29, "word": " saying,", "probability": 0.9970703125 }, { "start": 333.31, "end": 333.45, "word": " when", "probability": 0.99951171875 }, { "start": 333.45, "end": 333.55, "word": " the", "probability": 1.0 }, { "start": 333.55, "end": 333.95, "word": " midterms", "probability": 0.99951171875 }, { "start": 333.95, "end": 334.09, "word": " are", "probability": 1.0 }, { "start": 334.09, "end": 334.21, "word": " over,", "probability": 1.0 }, { "start": 334.29, "end": 334.35, "word": " the", "probability": 0.99951171875 }, { "start": 334.35, "end": 334.59, "word": " war", "probability": 1.0 }, { "start": 334.59, "end": 334.69, "word": " is", "probability": 0.96826171875 }, { "start": 334.69, "end": 334.77, "word": " going", "probability": 0.9951171875 }, { "start": 334.77, "end": 334.83, "word": " to", "probability": 1.0 } ] }, { "start": 334.83, "end": 338.45, "text": "be over, fuel prices are going to go down, inflation is going to be solved, the affordability", "avg_logprob": -0.08222987629094367, "no_speech_prob": 0.0, "words": [ { "start": 334.83, "end": 334.91, "word": " be", "probability": 1.0 }, { "start": 334.91, "end": 335.11, "word": " over,", "probability": 1.0 }, { "start": 335.27, "end": 335.51, "word": " fuel", "probability": 0.99951171875 }, { "start": 335.51, "end": 335.83, "word": " prices", "probability": 1.0 }, { "start": 335.83, "end": 335.99, "word": " are", "probability": 1.0 }, { "start": 335.99, "end": 336.05, "word": " going", "probability": 1.0 }, { "start": 336.05, "end": 336.13, "word": " to", "probability": 1.0 }, { "start": 336.13, "end": 336.23, "word": " go", "probability": 1.0 }, { "start": 336.23, "end": 336.41, "word": " down,", "probability": 1.0 }, { "start": 336.47, "end": 336.75, "word": " inflation", "probability": 0.99853515625 }, { "start": 336.75, "end": 336.89, "word": " is", "probability": 0.994140625 }, { "start": 336.89, "end": 336.95, "word": " going", "probability": 1.0 }, { "start": 336.95, "end": 337.01, "word": " to", "probability": 1.0 }, { "start": 337.01, "end": 337.11, "word": " be", "probability": 1.0 }, { "start": 337.11, "end": 337.39, "word": " solved,", "probability": 0.93115234375 }, { "start": 337.47, "end": 337.55, "word": " the", "probability": 0.9697265625 }, { "start": 337.55, "end": 338.45, "word": " affordability", "probability": 1.0 } ] }, { "start": 338.45, "end": 345.15, "text": "crisis will improve drastically. And there are a lot of people, and sometimes when you look at", "avg_logprob": -0.08222987629094367, "no_speech_prob": 0.0, "words": [ { "start": 338.45, "end": 338.83, "word": " crisis", "probability": 0.9990234375 }, { "start": 338.83, "end": 339.21, "word": " will", "probability": 0.99951171875 }, { "start": 339.21, "end": 341.29, "word": " improve", "probability": 0.7158203125 }, { "start": 341.29, "end": 342.01, "word": " drastically.", "probability": 0.99951171875 }, { "start": 342.73, "end": 343.13, "word": " And", "probability": 0.81689453125 }, { "start": 343.13, "end": 343.27, "word": " there", "probability": 1.0 }, { "start": 343.27, "end": 343.49, "word": " are", "probability": 1.0 }, { "start": 343.49, "end": 343.73, "word": " a", "probability": 1.0 }, { "start": 343.73, "end": 343.83, "word": " lot", "probability": 1.0 }, { "start": 343.83, "end": 343.97, "word": " of", "probability": 1.0 }, { "start": 343.97, "end": 344.25, "word": " people,", "probability": 1.0 }, { "start": 344.31, "end": 344.39, "word": " and", "probability": 0.99951171875 }, { "start": 344.39, "end": 344.65, "word": " sometimes", "probability": 1.0 }, { "start": 344.65, "end": 344.85, "word": " when", "probability": 0.99365234375 }, { "start": 344.85, "end": 344.93, "word": " you", "probability": 1.0 }, { "start": 344.93, "end": 345.05, "word": " look", "probability": 1.0 }, { "start": 345.05, "end": 345.15, "word": " at", "probability": 1.0 } ] }, { "start": 345.15, "end": 348.91, "text": "the markets. It looks like they're pricing for the end of the war, and we're going to get the", "avg_logprob": -0.061667521133041775, "no_speech_prob": 0.0, "words": [ { "start": 345.15, "end": 345.25, "word": " the", "probability": 0.74462890625 }, { "start": 345.25, "end": 345.55, "word": " markets.", "probability": 0.99951171875 }, { "start": 345.55, "end": 345.71, "word": " It", "probability": 1.0 }, { "start": 345.71, "end": 345.85, "word": " looks", "probability": 1.0 }, { "start": 345.85, "end": 345.99, "word": " like", "probability": 1.0 }, { "start": 345.99, "end": 346.13, "word": " they're", "probability": 0.99658203125 }, { "start": 346.13, "end": 346.51, "word": " pricing", "probability": 1.0 }, { "start": 346.51, "end": 347.01, "word": " for", "probability": 1.0 }, { "start": 347.01, "end": 347.23, "word": " the", "probability": 1.0 }, { "start": 347.23, "end": 347.35, "word": " end", "probability": 1.0 }, { "start": 347.35, "end": 347.45, "word": " of", "probability": 1.0 }, { "start": 347.45, "end": 347.53, "word": " the", "probability": 1.0 }, { "start": 347.53, "end": 347.85, "word": " war,", "probability": 1.0 }, { "start": 347.85, "end": 348.35, "word": " and", "probability": 1.0 }, { "start": 348.35, "end": 348.53, "word": " we're", "probability": 1.0 }, { "start": 348.53, "end": 348.61, "word": " going", "probability": 0.99560546875 }, { "start": 348.61, "end": 348.67, "word": " to", "probability": 0.99951171875 }, { "start": 348.67, "end": 348.77, "word": " get", "probability": 0.99951171875 }, { "start": 348.77, "end": 348.91, "word": " the", "probability": 0.99951171875 } ] }, { "start": 348.91, "end": 354.81, "text": "energy shock to go away. And inflation will sort of reign back in. But you're saying this is all", "avg_logprob": -0.061667521133041775, "no_speech_prob": 0.0, "words": [ { "start": 348.91, "end": 349.23, "word": " energy", "probability": 0.99951171875 }, { "start": 349.23, "end": 349.61, "word": " shock", "probability": 1.0 }, { "start": 349.61, "end": 349.87, "word": " to", "probability": 1.0 }, { "start": 349.87, "end": 350.01, "word": " go", "probability": 1.0 }, { "start": 350.01, "end": 350.41, "word": " away.", "probability": 0.99951171875 }, { "start": 350.69, "end": 351.13, "word": " And", "probability": 0.9375 }, { "start": 351.13, "end": 351.93, "word": " inflation", "probability": 0.7197265625 }, { "start": 351.93, "end": 352.35, "word": " will", "probability": 1.0 }, { "start": 352.35, "end": 352.71, "word": " sort", "probability": 0.779296875 }, { "start": 352.71, "end": 352.83, "word": " of", "probability": 1.0 }, { "start": 352.83, "end": 353.01, "word": " reign", "probability": 0.38818359375 }, { "start": 353.01, "end": 353.21, "word": " back", "probability": 1.0 }, { "start": 353.21, "end": 353.39, "word": " in.", "probability": 1.0 }, { "start": 353.47, "end": 353.59, "word": " But", "probability": 0.99951171875 }, { "start": 353.59, "end": 354.05, "word": " you're", "probability": 0.999267578125 }, { "start": 354.05, "end": 354.31, "word": " saying", "probability": 0.99951171875 }, { "start": 354.31, "end": 354.53, "word": " this", "probability": 0.97216796875 }, { "start": 354.53, "end": 354.67, "word": " is", "probability": 1.0 }, { "start": 354.67, "end": 354.81, "word": " all", "probability": 0.984375 } ] }, { "start": 354.81, "end": 361.41, "text": "coming from fiscal. So that is not the case. We might get energy prices lower, but will that do", "avg_logprob": -0.061667521133041775, "no_speech_prob": 0.0, "words": [ { "start": 354.81, "end": 355.03, "word": " coming", "probability": 0.99951171875 }, { "start": 355.03, "end": 355.21, "word": " from", "probability": 1.0 }, { "start": 355.21, "end": 355.61, "word": " fiscal.", "probability": 0.9990234375 }, { "start": 355.85, "end": 356.25, "word": " So", "probability": 0.99951171875 }, { "start": 356.25, "end": 356.53, "word": " that", "probability": 0.9736328125 }, { "start": 356.53, "end": 357.01, "word": " is", "probability": 0.9990234375 }, { "start": 357.01, "end": 357.31, "word": " not", "probability": 1.0 }, { "start": 357.31, "end": 357.55, "word": " the", "probability": 1.0 }, { "start": 357.55, "end": 357.87, "word": " case.", "probability": 1.0 }, { "start": 358.11, "end": 358.55, "word": " We", "probability": 0.99951171875 }, { "start": 358.55, "end": 358.71, "word": " might", "probability": 0.89306640625 }, { "start": 358.71, "end": 359.01, "word": " get", "probability": 1.0 }, { "start": 359.01, "end": 359.31, "word": " energy", "probability": 1.0 }, { "start": 359.31, "end": 359.69, "word": " prices", "probability": 1.0 }, { "start": 359.69, "end": 359.99, "word": " lower,", "probability": 1.0 }, { "start": 360.17, "end": 360.45, "word": " but", "probability": 1.0 }, { "start": 360.45, "end": 360.95, "word": " will", "probability": 0.9853515625 }, { "start": 360.95, "end": 361.19, "word": " that", "probability": 1.0 }, { "start": 361.19, "end": 361.41, "word": " do", "probability": 1.0 } ] }, { "start": 361.41, "end": 366.09, "text": "anything to resolve the inflation problem? I mean, it'll do some. I mean, there's always more", "avg_logprob": -0.061667521133041775, "no_speech_prob": 0.0, "words": [ { "start": 361.41, "end": 361.71, "word": " anything", "probability": 1.0 }, { "start": 361.71, "end": 361.97, "word": " to", "probability": 1.0 }, { "start": 361.97, "end": 362.57, "word": " resolve", "probability": 0.99853515625 }, { "start": 362.57, "end": 362.73, "word": " the", "probability": 1.0 }, { "start": 362.73, "end": 363.05, "word": " inflation", "probability": 0.99658203125 }, { "start": 363.05, "end": 363.43, "word": " problem?", "probability": 1.0 }, { "start": 363.65, "end": 363.91, "word": " I", "probability": 0.9609375 }, { "start": 363.91, "end": 364.01, "word": " mean,", "probability": 0.99951171875 }, { "start": 364.05, "end": 364.21, "word": " it'll", "probability": 0.99072265625 }, { "start": 364.21, "end": 364.35, "word": " do", "probability": 1.0 }, { "start": 364.35, "end": 364.65, "word": " some.", "probability": 0.99951171875 }, { "start": 364.77, "end": 364.77, "word": " I", "probability": 0.908203125 }, { "start": 364.77, "end": 364.85, "word": " mean,", "probability": 0.99951171875 }, { "start": 364.99, "end": 365.43, "word": " there's", "probability": 0.999267578125 }, { "start": 365.43, "end": 365.71, "word": " always", "probability": 1.0 }, { "start": 365.71, "end": 366.09, "word": " more", "probability": 1.0 } ] }, { "start": 366.09, "end": 371.07, "text": "factors involved. For example, in the 70s, there was that combination of high levels of bank lending", "avg_logprob": -0.061667521133041775, "no_speech_prob": 0.0, "words": [ { "start": 366.09, "end": 366.53, "word": " factors", "probability": 1.0 }, { "start": 366.53, "end": 366.91, "word": " involved.", "probability": 1.0 }, { "start": 367.05, "end": 367.13, "word": " For", "probability": 0.99951171875 }, { "start": 367.13, "end": 367.33, "word": " example,", "probability": 1.0 }, { "start": 367.43, "end": 367.51, "word": " in", "probability": 1.0 }, { "start": 367.51, "end": 367.59, "word": " the", "probability": 1.0 }, { "start": 367.59, "end": 368.09, "word": " 70s,", "probability": 0.990234375 }, { "start": 368.21, "end": 368.21, "word": " there", "probability": 0.67431640625 }, { "start": 368.21, "end": 368.27, "word": " was", "probability": 0.86328125 }, { "start": 368.27, "end": 368.41, "word": " that", "probability": 0.99951171875 }, { "start": 368.41, "end": 369.07, "word": " combination", "probability": 1.0 }, { "start": 369.07, "end": 369.87, "word": " of", "probability": 1.0 }, { "start": 369.87, "end": 370.17, "word": " high", "probability": 1.0 }, { "start": 370.17, "end": 370.39, "word": " levels", "probability": 0.99951171875 }, { "start": 370.39, "end": 370.51, "word": " of", "probability": 1.0 }, { "start": 370.51, "end": 370.75, "word": " bank", "probability": 0.99853515625 }, { "start": 370.75, "end": 371.07, "word": " lending", "probability": 0.99951171875 } ] }, { "start": 371.07, "end": 377.15, "text": "and then crisis in the middle east which gave us a real world constraint uh and likewise now on one", "avg_logprob": -0.10959610518700671, "no_speech_prob": 0.0, "words": [ { "start": 371.07, "end": 371.73, "word": " and", "probability": 0.8349609375 }, { "start": 371.73, "end": 371.87, "word": " then", "probability": 0.99951171875 }, { "start": 371.87, "end": 372.21, "word": " crisis", "probability": 0.95751953125 }, { "start": 372.21, "end": 372.45, "word": " in", "probability": 0.99951171875 }, { "start": 372.45, "end": 372.53, "word": " the", "probability": 1.0 }, { "start": 372.53, "end": 372.65, "word": " middle", "probability": 0.02001953125 }, { "start": 372.65, "end": 372.87, "word": " east", "probability": 0.94921875 }, { "start": 372.87, "end": 373.05, "word": " which", "probability": 0.94775390625 }, { "start": 373.05, "end": 373.23, "word": " gave", "probability": 1.0 }, { "start": 373.23, "end": 373.37, "word": " us", "probability": 1.0 }, { "start": 373.37, "end": 373.63, "word": " a", "probability": 1.0 }, { "start": 373.63, "end": 373.85, "word": " real", "probability": 0.99951171875 }, { "start": 373.85, "end": 374.05, "word": " world", "probability": 0.9326171875 }, { "start": 374.05, "end": 374.45, "word": " constraint", "probability": 0.99853515625 }, { "start": 374.45, "end": 375.19, "word": " uh", "probability": 0.7626953125 }, { "start": 375.19, "end": 375.65, "word": " and", "probability": 0.99951171875 }, { "start": 375.65, "end": 376.07, "word": " likewise", "probability": 0.9990234375 }, { "start": 376.07, "end": 376.53, "word": " now", "probability": 1.0 }, { "start": 376.53, "end": 376.97, "word": " on", "probability": 0.99951171875 }, { "start": 376.97, "end": 377.15, "word": " one", "probability": 0.9990234375 } ] }, { "start": 377.15, "end": 382.13, "text": "hand we have that the fiscal uh dominance that the fiscal deficits that are structural and then we", "avg_logprob": -0.10959610518700671, "no_speech_prob": 0.0, "words": [ { "start": 377.15, "end": 377.27, "word": " hand", "probability": 0.99951171875 }, { "start": 377.27, "end": 377.39, "word": " we", "probability": 0.99951171875 }, { "start": 377.39, "end": 377.49, "word": " have", "probability": 0.9970703125 }, { "start": 377.49, "end": 377.63, "word": " that", "probability": 0.96923828125 }, { "start": 377.63, "end": 377.91, "word": " the", "probability": 0.99951171875 }, { "start": 377.91, "end": 378.31, "word": " fiscal", "probability": 0.990234375 }, { "start": 378.31, "end": 378.85, "word": " uh", "probability": 0.99462890625 }, { "start": 378.85, "end": 379.35, "word": " dominance", "probability": 0.998046875 }, { "start": 379.35, "end": 379.61, "word": " that", "probability": 0.93701171875 }, { "start": 379.61, "end": 379.75, "word": " the", "probability": 1.0 }, { "start": 379.75, "end": 380.01, "word": " fiscal", "probability": 0.97216796875 }, { "start": 380.01, "end": 380.33, "word": " deficits", "probability": 0.9970703125 }, { "start": 380.33, "end": 380.59, "word": " that", "probability": 1.0 }, { "start": 380.59, "end": 380.69, "word": " are", "probability": 1.0 }, { "start": 380.69, "end": 381.09, "word": " structural", "probability": 0.998046875 }, { "start": 381.09, "end": 381.87, "word": " and", "probability": 1.0 }, { "start": 381.87, "end": 382.01, "word": " then", "probability": 1.0 }, { "start": 382.01, "end": 382.13, "word": " we", "probability": 1.0 } ] }, { "start": 382.13, "end": 387.67, "text": "have real world constraints um right now one of the biggest ones is energy and more specifically", "avg_logprob": -0.10959610518700671, "no_speech_prob": 0.0, "words": [ { "start": 382.13, "end": 382.37, "word": " have", "probability": 1.0 }, { "start": 382.37, "end": 382.65, "word": " real", "probability": 1.0 }, { "start": 382.65, "end": 382.95, "word": " world", "probability": 0.99658203125 }, { "start": 382.95, "end": 383.49, "word": " constraints", "probability": 0.99951171875 }, { "start": 383.49, "end": 384.33, "word": " um", "probability": 0.99462890625 }, { "start": 384.33, "end": 385.43, "word": " right", "probability": 0.492919921875 }, { "start": 385.43, "end": 385.59, "word": " now", "probability": 1.0 }, { "start": 385.59, "end": 385.75, "word": " one", "probability": 1.0 }, { "start": 385.75, "end": 385.81, "word": " of", "probability": 0.99951171875 }, { "start": 385.81, "end": 385.89, "word": " the", "probability": 0.9990234375 }, { "start": 385.89, "end": 386.11, "word": " biggest", "probability": 0.99755859375 }, { "start": 386.11, "end": 386.43, "word": " ones", "probability": 0.99560546875 }, { "start": 386.43, "end": 386.59, "word": " is", "probability": 1.0 }, { "start": 386.59, "end": 386.95, "word": " energy", "probability": 1.0 }, { "start": 386.95, "end": 387.13, "word": " and", "probability": 1.0 }, { "start": 387.13, "end": 387.25, "word": " more", "probability": 1.0 }, { "start": 387.25, "end": 387.67, "word": " specifically", "probability": 0.99853515625 } ] }, { "start": 387.67, "end": 394.19, "text": "refined products um uh and so it is absolutely true that if you know if if the war is over", "avg_logprob": -0.10959610518700671, "no_speech_prob": 0.0, "words": [ { "start": 387.67, "end": 388.17, "word": " refined", "probability": 0.99951171875 }, { "start": 388.17, "end": 388.77, "word": " products", "probability": 0.99951171875 }, { "start": 388.77, "end": 389.29, "word": " um", "probability": 0.927734375 }, { "start": 389.29, "end": 389.95, "word": " uh", "probability": 0.865234375 }, { "start": 389.95, "end": 390.29, "word": " and", "probability": 1.0 }, { "start": 390.29, "end": 390.51, "word": " so", "probability": 1.0 }, { "start": 390.51, "end": 390.93, "word": " it", "probability": 1.0 }, { "start": 390.93, "end": 391.19, "word": " is", "probability": 0.74560546875 }, { "start": 391.19, "end": 391.45, "word": " absolutely", "probability": 0.95947265625 }, { "start": 391.45, "end": 391.71, "word": " true", "probability": 1.0 }, { "start": 391.71, "end": 391.97, "word": " that", "probability": 1.0 }, { "start": 391.97, "end": 392.65, "word": " if", "probability": 1.0 }, { "start": 392.65, "end": 392.87, "word": " you", "probability": 0.71484375 }, { "start": 392.87, "end": 392.97, "word": " know", "probability": 0.9990234375 }, { "start": 392.97, "end": 393.17, "word": " if", "probability": 0.99951171875 }, { "start": 393.17, "end": 393.41, "word": " if", "probability": 0.54638671875 }, { "start": 393.41, "end": 393.47, "word": " the", "probability": 1.0 }, { "start": 393.47, "end": 393.71, "word": " war", "probability": 1.0 }, { "start": 393.71, "end": 393.91, "word": " is", "probability": 1.0 }, { "start": 393.91, "end": 394.19, "word": " over", "probability": 1.0 } ] }, { "start": 394.19, "end": 400.57, "text": "and if refinery stop being hit and all the all the transportation bottlenecks ease uh that will", "avg_logprob": -0.10959610518700671, "no_speech_prob": 0.0, "words": [ { "start": 394.19, "end": 394.95, "word": " and", "probability": 1.0 }, { "start": 394.95, "end": 395.35, "word": " if", "probability": 1.0 }, { "start": 395.35, "end": 395.73, "word": " refinery", "probability": 0.689208984375 }, { "start": 395.73, "end": 395.99, "word": " stop", "probability": 0.70654296875 }, { "start": 395.99, "end": 396.23, "word": " being", "probability": 1.0 }, { "start": 396.23, "end": 396.57, "word": " hit", "probability": 0.9970703125 }, { "start": 396.57, "end": 396.77, "word": " and", "probability": 1.0 }, { "start": 396.77, "end": 396.93, "word": " all", "probability": 1.0 }, { "start": 396.93, "end": 397.13, "word": " the", "probability": 0.56396484375 }, { "start": 397.13, "end": 397.13, "word": " all", "probability": 0.87939453125 }, { "start": 397.13, "end": 397.31, "word": " the", "probability": 1.0 }, { "start": 397.31, "end": 397.93, "word": " transportation", "probability": 0.9990234375 }, { "start": 397.93, "end": 398.57, "word": " bottlenecks", "probability": 0.998046875 }, { "start": 398.57, "end": 399.05, "word": " ease", "probability": 0.99267578125 }, { "start": 399.05, "end": 399.63, "word": " uh", "probability": 0.95556640625 }, { "start": 399.63, "end": 400.17, "word": " that", "probability": 0.99951171875 }, { "start": 400.17, "end": 400.57, "word": " will", "probability": 0.99951171875 } ] }, { "start": 400.57, "end": 406.09, "text": "contribute to lower energy prices which then can contribute to mildly lower uh inflation that that", "avg_logprob": -0.07215711612392355, "no_speech_prob": 0.0, "words": [ { "start": 400.57, "end": 400.91, "word": " contribute", "probability": 0.63330078125 }, { "start": 400.91, "end": 401.11, "word": " to", "probability": 0.99951171875 }, { "start": 401.11, "end": 401.33, "word": " lower", "probability": 0.99755859375 }, { "start": 401.33, "end": 401.61, "word": " energy", "probability": 0.9990234375 }, { "start": 401.61, "end": 402.09, "word": " prices", "probability": 0.99951171875 }, { "start": 402.09, "end": 402.71, "word": " which", "probability": 0.1749267578125 }, { "start": 402.71, "end": 402.91, "word": " then", "probability": 0.98876953125 }, { "start": 402.91, "end": 403.09, "word": " can", "probability": 0.99462890625 }, { "start": 403.09, "end": 403.45, "word": " contribute", "probability": 0.998046875 }, { "start": 403.45, "end": 403.77, "word": " to", "probability": 0.998046875 }, { "start": 403.77, "end": 404.25, "word": " mildly", "probability": 0.940673828125 }, { "start": 404.25, "end": 404.57, "word": " lower", "probability": 0.99755859375 }, { "start": 404.57, "end": 404.95, "word": " uh", "probability": 0.294189453125 }, { "start": 404.95, "end": 405.55, "word": " inflation", "probability": 0.998046875 }, { "start": 405.55, "end": 405.83, "word": " that", "probability": 0.98291015625 }, { "start": 405.83, "end": 406.09, "word": " that", "probability": 0.99609375 } ] }, { "start": 406.09, "end": 411.99, "text": "part is true the problem is that's that's one factor among many we all you know we already had", "avg_logprob": -0.07215711612392355, "no_speech_prob": 0.0, "words": [ { "start": 406.09, "end": 406.27, "word": " part", "probability": 0.99853515625 }, { "start": 406.27, "end": 406.43, "word": " is", "probability": 0.99951171875 }, { "start": 406.43, "end": 406.71, "word": " true", "probability": 0.99365234375 }, { "start": 406.71, "end": 407.31, "word": " the", "probability": 0.9931640625 }, { "start": 407.31, "end": 407.57, "word": " problem", "probability": 0.99951171875 }, { "start": 407.57, "end": 407.87, "word": " is", "probability": 1.0 }, { "start": 407.87, "end": 408.75, "word": " that's", "probability": 0.99853515625 }, { "start": 408.75, "end": 409.13, "word": " that's", "probability": 0.998779296875 }, { "start": 409.13, "end": 409.37, "word": " one", "probability": 1.0 }, { "start": 409.37, "end": 409.81, "word": " factor", "probability": 1.0 }, { "start": 409.81, "end": 410.05, "word": " among", "probability": 1.0 }, { "start": 410.05, "end": 410.37, "word": " many", "probability": 0.99951171875 }, { "start": 410.37, "end": 410.59, "word": " we", "probability": 0.99853515625 }, { "start": 410.59, "end": 410.81, "word": " all", "probability": 0.65576171875 }, { "start": 410.81, "end": 410.99, "word": " you", "probability": 0.99658203125 }, { "start": 410.99, "end": 411.09, "word": " know", "probability": 0.99951171875 }, { "start": 411.09, "end": 411.53, "word": " we", "probability": 1.0 }, { "start": 411.53, "end": 411.69, "word": " already", "probability": 1.0 }, { "start": 411.69, "end": 411.99, "word": " had", "probability": 1.0 } ] }, { "start": 411.99, "end": 417.27, "text": "a two-speed economy or k-shaped economy and above target inflation before the war uh this just kind", "avg_logprob": -0.07215711612392355, "no_speech_prob": 0.0, "words": [ { "start": 411.99, "end": 412.17, "word": " a", "probability": 0.99951171875 }, { "start": 412.17, "end": 412.31, "word": " two", "probability": 0.99853515625 }, { "start": 412.31, "end": 412.51, "word": "-speed", "probability": 0.98828125 }, { "start": 412.51, "end": 413.01, "word": " economy", "probability": 1.0 }, { "start": 413.01, "end": 413.19, "word": " or", "probability": 0.99951171875 }, { "start": 413.19, "end": 413.39, "word": " k", "probability": 0.98876953125 }, { "start": 413.39, "end": 413.63, "word": "-shaped", "probability": 0.997314453125 }, { "start": 413.63, "end": 413.99, "word": " economy", "probability": 0.99560546875 }, { "start": 413.99, "end": 414.13, "word": " and", "probability": 0.57958984375 }, { "start": 414.13, "end": 414.25, "word": " above", "probability": 1.0 }, { "start": 414.25, "end": 414.49, "word": " target", "probability": 0.93408203125 }, { "start": 414.49, "end": 414.91, "word": " inflation", "probability": 1.0 }, { "start": 414.91, "end": 415.29, "word": " before", "probability": 1.0 }, { "start": 415.29, "end": 415.51, "word": " the", "probability": 1.0 }, { "start": 415.51, "end": 415.79, "word": " war", "probability": 0.9990234375 }, { "start": 415.79, "end": 416.55, "word": " uh", "probability": 0.91748046875 }, { "start": 416.55, "end": 416.89, "word": " this", "probability": 1.0 }, { "start": 416.89, "end": 417.11, "word": " just", "probability": 1.0 }, { "start": 417.11, "end": 417.27, "word": " kind", "probability": 0.9990234375 } ] }, { "start": 417.27, "end": 423.33, "text": "of added you know the next layer of it uh from what otherwise might have slowly kind of not", "avg_logprob": -0.07215711612392355, "no_speech_prob": 0.0, "words": [ { "start": 417.27, "end": 417.35, "word": " of", "probability": 0.99951171875 }, { "start": 417.35, "end": 417.73, "word": " added", "probability": 1.0 }, { "start": 417.73, "end": 418.81, "word": " you", "probability": 0.99951171875 }, { "start": 418.81, "end": 418.83, "word": " know", "probability": 0.99951171875 }, { "start": 418.83, "end": 419.01, "word": " the", "probability": 1.0 }, { "start": 419.01, "end": 419.23, "word": " next", "probability": 1.0 }, { "start": 419.23, "end": 419.55, "word": " layer", "probability": 1.0 }, { "start": 419.55, "end": 419.77, "word": " of", "probability": 1.0 }, { "start": 419.77, "end": 419.93, "word": " it", "probability": 0.99951171875 }, { "start": 419.93, "end": 420.47, "word": " uh", "probability": 0.953125 }, { "start": 420.47, "end": 420.95, "word": " from", "probability": 0.99951171875 }, { "start": 420.95, "end": 421.07, "word": " what", "probability": 0.99951171875 }, { "start": 421.07, "end": 421.41, "word": " otherwise", "probability": 0.99951171875 }, { "start": 421.41, "end": 421.67, "word": " might", "probability": 1.0 }, { "start": 421.67, "end": 421.79, "word": " have", "probability": 0.99609375 }, { "start": 421.79, "end": 422.19, "word": " slowly", "probability": 1.0 }, { "start": 422.19, "end": 422.43, "word": " kind", "probability": 0.99755859375 }, { "start": 422.43, "end": 422.61, "word": " of", "probability": 0.99951171875 }, { "start": 422.61, "end": 423.33, "word": " not", "probability": 0.9990234375 } ] }, { "start": 423.33, "end": 426.77, "text": "necessarily go down but just kind of stopped getting worse for a period of time as they got", "avg_logprob": -0.07215711612392355, "no_speech_prob": 0.0, "words": [ { "start": 423.33, "end": 423.65, "word": " necessarily", "probability": 0.99951171875 }, { "start": 423.65, "end": 423.87, "word": " go", "probability": 0.998046875 }, { "start": 423.87, "end": 424.23, "word": " down", "probability": 1.0 }, { "start": 424.23, "end": 424.41, "word": " but", "probability": 1.0 }, { "start": 424.41, "end": 424.53, "word": " just", "probability": 0.99951171875 }, { "start": 424.53, "end": 424.67, "word": " kind", "probability": 0.9990234375 }, { "start": 424.67, "end": 424.75, "word": " of", "probability": 0.99951171875 }, { "start": 424.75, "end": 424.95, "word": " stopped", "probability": 0.8046875 }, { "start": 424.95, "end": 425.19, "word": " getting", "probability": 1.0 }, { "start": 425.19, "end": 425.47, "word": " worse", "probability": 0.99951171875 }, { "start": 425.47, "end": 425.63, "word": " for", "probability": 1.0 }, { "start": 425.63, "end": 425.77, "word": " a", "probability": 0.99951171875 }, { "start": 425.77, "end": 425.87, "word": " period", "probability": 0.9990234375 }, { "start": 425.87, "end": 425.97, "word": " of", "probability": 0.99951171875 }, { "start": 425.97, "end": 426.21, "word": " time", "probability": 0.99951171875 }, { "start": 426.21, "end": 426.41, "word": " as", "probability": 0.529296875 }, { "start": 426.41, "end": 426.53, "word": " they", "probability": 0.99951171875 }, { "start": 426.53, "end": 426.77, "word": " got", "probability": 0.99951171875 } ] }, { "start": 426.77, "end": 433.71, "text": "got mildly worse for a period of time um and so it's a factor i mean policies matter you know wars", "avg_logprob": -0.05958744488133673, "no_speech_prob": 0.0, "words": [ { "start": 426.77, "end": 427.05, "word": " got", "probability": 0.73486328125 }, { "start": 427.05, "end": 427.79, "word": " mildly", "probability": 0.99755859375 }, { "start": 427.79, "end": 428.01, "word": " worse", "probability": 0.9951171875 }, { "start": 428.01, "end": 428.17, "word": " for", "probability": 0.99951171875 }, { "start": 428.17, "end": 428.25, "word": " a", "probability": 1.0 }, { "start": 428.25, "end": 428.37, "word": " period", "probability": 1.0 }, { "start": 428.37, "end": 428.47, "word": " of", "probability": 1.0 }, { "start": 428.47, "end": 428.73, "word": " time", "probability": 1.0 }, { "start": 428.73, "end": 429.63, "word": " um", "probability": 0.06390380859375 }, { "start": 429.63, "end": 430.31, "word": " and", "probability": 0.99853515625 }, { "start": 430.31, "end": 430.49, "word": " so", "probability": 1.0 }, { "start": 430.49, "end": 430.77, "word": " it's", "probability": 1.0 }, { "start": 430.77, "end": 430.85, "word": " a", "probability": 1.0 }, { "start": 430.85, "end": 431.29, "word": " factor", "probability": 0.99951171875 }, { "start": 431.29, "end": 431.77, "word": " i", "probability": 0.89013671875 }, { "start": 431.77, "end": 431.87, "word": " mean", "probability": 1.0 }, { "start": 431.87, "end": 432.35, "word": " policies", "probability": 0.99951171875 }, { "start": 432.35, "end": 432.75, "word": " matter", "probability": 0.99951171875 }, { "start": 432.75, "end": 433.11, "word": " you", "probability": 0.275634765625 }, { "start": 433.11, "end": 433.37, "word": " know", "probability": 0.99951171875 }, { "start": 433.37, "end": 433.71, "word": " wars", "probability": 0.9970703125 } ] }, { "start": 433.71, "end": 439.35, "text": "matter um uh but the other factors is that that fiscal side uh and then of course even things", "avg_logprob": -0.05958744488133673, "no_speech_prob": 0.0, "words": [ { "start": 433.71, "end": 434.11, "word": " matter", "probability": 1.0 }, { "start": 434.11, "end": 434.99, "word": " um", "probability": 0.982421875 }, { "start": 434.99, "end": 435.49, "word": " uh", "probability": 0.70556640625 }, { "start": 435.49, "end": 435.75, "word": " but", "probability": 1.0 }, { "start": 435.75, "end": 435.87, "word": " the", "probability": 1.0 }, { "start": 435.87, "end": 436.05, "word": " other", "probability": 1.0 }, { "start": 436.05, "end": 436.49, "word": " factors", "probability": 0.93798828125 }, { "start": 436.49, "end": 436.67, "word": " is", "probability": 0.9951171875 }, { "start": 436.67, "end": 436.83, "word": " that", "probability": 1.0 }, { "start": 436.83, "end": 436.99, "word": " that", "probability": 0.9990234375 }, { "start": 436.99, "end": 437.31, "word": " fiscal", "probability": 0.95849609375 }, { "start": 437.31, "end": 437.69, "word": " side", "probability": 1.0 }, { "start": 437.69, "end": 438.27, "word": " uh", "probability": 0.953125 }, { "start": 438.27, "end": 438.53, "word": " and", "probability": 1.0 }, { "start": 438.53, "end": 438.61, "word": " then", "probability": 1.0 }, { "start": 438.61, "end": 438.77, "word": " of", "probability": 1.0 }, { "start": 438.77, "end": 438.89, "word": " course", "probability": 0.99951171875 }, { "start": 438.89, "end": 439.13, "word": " even", "probability": 0.9990234375 }, { "start": 439.13, "end": 439.35, "word": " things", "probability": 1.0 } ] }, { "start": 439.35, "end": 443.41, "text": "like just ai when you're trying to you know you're building out power you're building you're using", "avg_logprob": -0.05958744488133673, "no_speech_prob": 0.0, "words": [ { "start": 439.35, "end": 439.61, "word": " like", "probability": 0.99951171875 }, { "start": 439.61, "end": 439.83, "word": " just", "probability": 0.99951171875 }, { "start": 439.83, "end": 440.15, "word": " ai", "probability": 0.98095703125 }, { "start": 440.15, "end": 440.49, "word": " when", "probability": 1.0 }, { "start": 440.49, "end": 440.59, "word": " you're", "probability": 0.99951171875 }, { "start": 440.59, "end": 440.69, "word": " trying", "probability": 0.99951171875 }, { "start": 440.69, "end": 440.83, "word": " to", "probability": 0.9990234375 }, { "start": 440.83, "end": 441.17, "word": " you", "probability": 1.0 }, { "start": 441.17, "end": 441.23, "word": " know", "probability": 0.9990234375 }, { "start": 441.23, "end": 441.63, "word": " you're", "probability": 1.0 }, { "start": 441.63, "end": 441.87, "word": " building", "probability": 0.7451171875 }, { "start": 441.87, "end": 442.05, "word": " out", "probability": 0.97802734375 }, { "start": 442.05, "end": 442.45, "word": " power", "probability": 0.99951171875 }, { "start": 442.45, "end": 442.71, "word": " you're", "probability": 1.0 }, { "start": 442.71, "end": 442.93, "word": " building", "probability": 0.986328125 }, { "start": 442.93, "end": 443.21, "word": " you're", "probability": 0.999755859375 }, { "start": 443.21, "end": 443.41, "word": " using", "probability": 0.99951171875 } ] }, { "start": 443.41, "end": 450.45, "text": "these resources um it takes away from for example building new homes which makes it harder for home", "avg_logprob": -0.05958744488133673, "no_speech_prob": 0.0, "words": [ { "start": 443.41, "end": 443.61, "word": " these", "probability": 0.9990234375 }, { "start": 443.61, "end": 444.09, "word": " resources", "probability": 0.9970703125 }, { "start": 444.09, "end": 445.05, "word": " um", "probability": 0.962890625 }, { "start": 445.05, "end": 445.93, "word": " it", "probability": 1.0 }, { "start": 445.93, "end": 446.19, "word": " takes", "probability": 0.99365234375 }, { "start": 446.19, "end": 446.43, "word": " away", "probability": 0.99951171875 }, { "start": 446.43, "end": 446.69, "word": " from", "probability": 1.0 }, { "start": 446.69, "end": 446.87, "word": " for", "probability": 1.0 }, { "start": 446.87, "end": 447.13, "word": " example", "probability": 0.9990234375 }, { "start": 447.13, "end": 447.53, "word": " building", "probability": 0.99951171875 }, { "start": 447.53, "end": 447.71, "word": " new", "probability": 1.0 }, { "start": 447.71, "end": 448.19, "word": " homes", "probability": 0.99951171875 }, { "start": 448.19, "end": 449.09, "word": " which", "probability": 1.0 }, { "start": 449.09, "end": 449.69, "word": " makes", "probability": 1.0 }, { "start": 449.69, "end": 449.81, "word": " it", "probability": 1.0 }, { "start": 449.81, "end": 450.05, "word": " harder", "probability": 0.76318359375 }, { "start": 450.05, "end": 450.27, "word": " for", "probability": 1.0 }, { "start": 450.27, "end": 450.45, "word": " home", "probability": 1.0 } ] }, { "start": 450.45, "end": 456.03, "text": "prices to go down despite higher rates um and so a lot of these factors come together but a lot of", "avg_logprob": -0.05958744488133673, "no_speech_prob": 0.0, "words": [ { "start": 450.45, "end": 450.83, "word": " prices", "probability": 0.99951171875 }, { "start": 450.83, "end": 451.05, "word": " to", "probability": 1.0 }, { "start": 451.05, "end": 451.21, "word": " go", "probability": 1.0 }, { "start": 451.21, "end": 451.49, "word": " down", "probability": 1.0 }, { "start": 451.49, "end": 451.81, "word": " despite", "probability": 1.0 }, { "start": 451.81, "end": 452.19, "word": " higher", "probability": 1.0 }, { "start": 452.19, "end": 452.61, "word": " rates", "probability": 1.0 }, { "start": 452.61, "end": 453.35, "word": " um", "probability": 0.90576171875 }, { "start": 453.35, "end": 453.89, "word": " and", "probability": 0.99951171875 }, { "start": 453.89, "end": 453.99, "word": " so", "probability": 0.99951171875 }, { "start": 453.99, "end": 454.15, "word": " a", "probability": 1.0 }, { "start": 454.15, "end": 454.21, "word": " lot", "probability": 1.0 }, { "start": 454.21, "end": 454.29, "word": " of", "probability": 0.99951171875 }, { "start": 454.29, "end": 454.41, "word": " these", "probability": 0.99951171875 }, { "start": 454.41, "end": 454.67, "word": " factors", "probability": 0.99951171875 }, { "start": 454.67, "end": 454.91, "word": " come", "probability": 0.99951171875 }, { "start": 454.91, "end": 455.21, "word": " together", "probability": 0.99951171875 }, { "start": 455.21, "end": 455.53, "word": " but", "probability": 0.99951171875 }, { "start": 455.53, "end": 455.73, "word": " a", "probability": 1.0 }, { "start": 455.73, "end": 455.87, "word": " lot", "probability": 0.99951171875 }, { "start": 455.87, "end": 456.03, "word": " of", "probability": 0.99951171875 } ] }, { "start": 456.03, "end": 459.35, "text": "is still driven by that fiscal side, which is not going to be addressed in any sort of", "avg_logprob": -0.09951006640064514, "no_speech_prob": 0.0, "words": [ { "start": 456.03, "end": 456.17, "word": " is", "probability": 0.2406005859375 }, { "start": 456.17, "end": 456.35, "word": " still", "probability": 0.99951171875 }, { "start": 456.35, "end": 456.67, "word": " driven", "probability": 1.0 }, { "start": 456.67, "end": 456.87, "word": " by", "probability": 1.0 }, { "start": 456.87, "end": 457.05, "word": " that", "probability": 0.9921875 }, { "start": 457.05, "end": 457.31, "word": " fiscal", "probability": 0.99755859375 }, { "start": 457.31, "end": 457.69, "word": " side,", "probability": 1.0 }, { "start": 457.85, "end": 457.91, "word": " which", "probability": 1.0 }, { "start": 457.91, "end": 458.03, "word": " is", "probability": 1.0 }, { "start": 458.03, "end": 458.15, "word": " not", "probability": 1.0 }, { "start": 458.15, "end": 458.29, "word": " going", "probability": 0.9619140625 }, { "start": 458.29, "end": 458.35, "word": " to", "probability": 1.0 }, { "start": 458.35, "end": 458.41, "word": " be", "probability": 0.99853515625 }, { "start": 458.41, "end": 458.75, "word": " addressed", "probability": 1.0 }, { "start": 458.75, "end": 458.97, "word": " in", "probability": 0.97607421875 }, { "start": 458.97, "end": 459.09, "word": " any", "probability": 1.0 }, { "start": 459.09, "end": 459.21, "word": " sort", "probability": 0.994140625 }, { "start": 459.21, "end": 459.35, "word": " of", "probability": 0.99951171875 } ] }, { "start": 459.35, "end": 464.67, "text": "investable time horizon. Yeah. And, you know, that's a lot of folks will say, you know,", "avg_logprob": -0.09951006640064514, "no_speech_prob": 0.0, "words": [ { "start": 459.35, "end": 459.71, "word": " investable", "probability": 0.98681640625 }, { "start": 459.71, "end": 459.89, "word": " time", "probability": 0.9990234375 }, { "start": 459.89, "end": 460.29, "word": " horizon.", "probability": 0.9970703125 }, { "start": 460.73, "end": 460.93, "word": " Yeah.", "probability": 0.90625 }, { "start": 461.57, "end": 462.01, "word": " And,", "probability": 0.92236328125 }, { "start": 462.01, "end": 462.29, "word": " you", "probability": 0.9990234375 }, { "start": 462.29, "end": 462.33, "word": " know,", "probability": 1.0 }, { "start": 462.39, "end": 462.59, "word": " that's", "probability": 0.9501953125 }, { "start": 462.59, "end": 463.15, "word": " a", "probability": 0.75244140625 }, { "start": 463.15, "end": 463.27, "word": " lot", "probability": 1.0 }, { "start": 463.27, "end": 463.37, "word": " of", "probability": 1.0 }, { "start": 463.37, "end": 463.61, "word": " folks", "probability": 1.0 }, { "start": 463.61, "end": 463.77, "word": " will", "probability": 0.99853515625 }, { "start": 463.77, "end": 464.17, "word": " say,", "probability": 1.0 }, { "start": 464.49, "end": 464.59, "word": " you", "probability": 0.9970703125 }, { "start": 464.59, "end": 464.67, "word": " know,", "probability": 1.0 } ] }, { "start": 464.77, "end": 469.93, "text": "Besson's got his back up against the wall. What do you make of, he's been appointing some", "avg_logprob": -0.09951006640064514, "no_speech_prob": 0.0, "words": [ { "start": 464.77, "end": 465.13, "word": " Besson's", "probability": 0.9342041015625 }, { "start": 465.13, "end": 465.25, "word": " got", "probability": 1.0 }, { "start": 465.25, "end": 465.39, "word": " his", "probability": 0.998046875 }, { "start": 465.39, "end": 465.61, "word": " back", "probability": 0.998046875 }, { "start": 465.61, "end": 465.75, "word": " up", "probability": 1.0 }, { "start": 465.75, "end": 466.03, "word": " against", "probability": 1.0 }, { "start": 466.03, "end": 466.21, "word": " the", "probability": 1.0 }, { "start": 466.21, "end": 466.57, "word": " wall.", "probability": 0.99951171875 }, { "start": 466.87, "end": 467.27, "word": " What", "probability": 0.99609375 }, { "start": 467.27, "end": 467.35, "word": " do", "probability": 1.0 }, { "start": 467.35, "end": 467.43, "word": " you", "probability": 1.0 }, { "start": 467.43, "end": 467.67, "word": " make", "probability": 0.9990234375 }, { "start": 467.67, "end": 467.87, "word": " of,", "probability": 1.0 }, { "start": 468.11, "end": 468.97, "word": " he's", "probability": 1.0 }, { "start": 468.97, "end": 469.07, "word": " been", "probability": 1.0 }, { "start": 469.07, "end": 469.69, "word": " appointing", "probability": 0.999755859375 }, { "start": 469.69, "end": 469.93, "word": " some", "probability": 1.0 } ] }, { "start": 469.93, "end": 476.71, "text": "interesting counselors to Treasury. Judy Shelton's one of them, sort of known sound money,", "avg_logprob": -0.09951006640064514, "no_speech_prob": 0.0, "words": [ { "start": 469.93, "end": 470.63, "word": " interesting", "probability": 1.0 }, { "start": 470.63, "end": 471.19, "word": " counselors", "probability": 0.92578125 }, { "start": 471.19, "end": 471.49, "word": " to", "probability": 1.0 }, { "start": 471.49, "end": 471.93, "word": " Treasury.", "probability": 0.9189453125 }, { "start": 472.37, "end": 472.55, "word": " Judy", "probability": 0.99365234375 }, { "start": 472.55, "end": 473.13, "word": " Shelton's", "probability": 0.9861653645833334 }, { "start": 473.13, "end": 473.29, "word": " one", "probability": 0.998046875 }, { "start": 473.29, "end": 473.41, "word": " of", "probability": 1.0 }, { "start": 473.41, "end": 473.77, "word": " them,", "probability": 0.99951171875 }, { "start": 474.21, "end": 475.31, "word": " sort", "probability": 0.9814453125 }, { "start": 475.31, "end": 475.41, "word": " of", "probability": 1.0 }, { "start": 475.41, "end": 475.85, "word": " known", "probability": 0.99951171875 }, { "start": 475.85, "end": 476.27, "word": " sound", "probability": 0.8662109375 }, { "start": 476.27, "end": 476.71, "word": " money,", "probability": 0.99951171875 } ] }, { "start": 476.93, "end": 482.09, "text": "gold person. And there's, it's fueled a lot of speculation that maybe Treasury's planning some", "avg_logprob": -0.09951006640064514, "no_speech_prob": 0.0, "words": [ { "start": 476.93, "end": 477.31, "word": " gold", "probability": 0.99951171875 }, { "start": 477.31, "end": 477.83, "word": " person.", "probability": 0.99853515625 }, { "start": 477.99, "end": 478.03, "word": " And", "probability": 0.98974609375 }, { "start": 478.03, "end": 478.25, "word": " there's,", "probability": 0.6580810546875 }, { "start": 478.29, "end": 478.45, "word": " it's", "probability": 1.0 }, { "start": 478.45, "end": 478.69, "word": " fueled", "probability": 0.99951171875 }, { "start": 478.69, "end": 478.85, "word": " a", "probability": 1.0 }, { "start": 478.85, "end": 478.95, "word": " lot", "probability": 1.0 }, { "start": 478.95, "end": 479.03, "word": " of", "probability": 0.9990234375 }, { "start": 479.03, "end": 479.53, "word": " speculation", "probability": 1.0 }, { "start": 479.53, "end": 479.97, "word": " that", "probability": 1.0 }, { "start": 479.97, "end": 480.75, "word": " maybe", "probability": 0.99951171875 }, { "start": 480.75, "end": 481.51, "word": " Treasury's", "probability": 0.972900390625 }, { "start": 481.51, "end": 481.81, "word": " planning", "probability": 0.99951171875 }, { "start": 481.81, "end": 482.09, "word": " some", "probability": 1.0 } ] }, { "start": 482.09, "end": 488.77, "text": "sort of huge policy move to kind of try to address these high rates, high debt levels that just", "avg_logprob": -0.048347847597276575, "no_speech_prob": 0.0, "words": [ { "start": 482.09, "end": 482.27, "word": " sort", "probability": 0.7451171875 }, { "start": 482.27, "end": 482.41, "word": " of", "probability": 1.0 }, { "start": 482.41, "end": 482.71, "word": " huge", "probability": 0.9990234375 }, { "start": 482.71, "end": 483.31, "word": " policy", "probability": 1.0 }, { "start": 483.31, "end": 483.71, "word": " move", "probability": 0.99951171875 }, { "start": 483.71, "end": 483.91, "word": " to", "probability": 0.9951171875 }, { "start": 483.91, "end": 484.09, "word": " kind", "probability": 0.9404296875 }, { "start": 484.09, "end": 484.23, "word": " of", "probability": 1.0 }, { "start": 484.23, "end": 484.43, "word": " try", "probability": 1.0 }, { "start": 484.43, "end": 484.57, "word": " to", "probability": 1.0 }, { "start": 484.57, "end": 485.03, "word": " address", "probability": 1.0 }, { "start": 485.03, "end": 485.55, "word": " these", "probability": 1.0 }, { "start": 485.55, "end": 486.33, "word": " high", "probability": 1.0 }, { "start": 486.33, "end": 486.67, "word": " rates,", "probability": 0.9990234375 }, { "start": 486.81, "end": 486.91, "word": " high", "probability": 0.99951171875 }, { "start": 486.91, "end": 487.13, "word": " debt", "probability": 0.99951171875 }, { "start": 487.13, "end": 487.57, "word": " levels", "probability": 1.0 }, { "start": 487.57, "end": 487.97, "word": " that", "probability": 0.99951171875 }, { "start": 487.97, "end": 488.77, "word": " just", "probability": 0.79443359375 } ] }, { "start": 488.77, "end": 495.57, "text": "stretch out and seem to be kind of unsolvable, maybe revaluing U.S. gold holdings. Do you give", "avg_logprob": -0.048347847597276575, "no_speech_prob": 0.0, "words": [ { "start": 488.77, "end": 489.17, "word": " stretch", "probability": 1.0 }, { "start": 489.17, "end": 489.49, "word": " out", "probability": 1.0 }, { "start": 489.49, "end": 489.71, "word": " and", "probability": 0.9990234375 }, { "start": 489.71, "end": 490.21, "word": " seem", "probability": 0.9990234375 }, { "start": 490.21, "end": 490.39, "word": " to", "probability": 1.0 }, { "start": 490.39, "end": 490.71, "word": " be", "probability": 1.0 }, { "start": 490.71, "end": 491.15, "word": " kind", "probability": 0.9990234375 }, { "start": 491.15, "end": 491.25, "word": " of", "probability": 1.0 }, { "start": 491.25, "end": 491.85, "word": " unsolvable,", "probability": 0.99853515625 }, { "start": 491.85, "end": 492.61, "word": " maybe", "probability": 1.0 }, { "start": 492.61, "end": 493.27, "word": " revaluing", "probability": 0.9908854166666666 }, { "start": 493.27, "end": 494.29, "word": " U", "probability": 0.44873046875 }, { "start": 494.29, "end": 494.39, "word": ".S.", "probability": 0.999755859375 }, { "start": 494.49, "end": 494.67, "word": " gold", "probability": 0.9892578125 }, { "start": 494.67, "end": 495.19, "word": " holdings.", "probability": 0.9990234375 }, { "start": 495.29, "end": 495.37, "word": " Do", "probability": 0.99951171875 }, { "start": 495.37, "end": 495.45, "word": " you", "probability": 0.99951171875 }, { "start": 495.45, "end": 495.57, "word": " give", "probability": 0.98779296875 } ] }, { "start": 495.57, "end": 499.45, "text": "any merit to that? Have you thought about that? I mean, I think it's worth monitoring. Revaluing", "avg_logprob": -0.048347847597276575, "no_speech_prob": 0.0, "words": [ { "start": 495.57, "end": 495.73, "word": " any", "probability": 1.0 }, { "start": 495.73, "end": 495.97, "word": " merit", "probability": 1.0 }, { "start": 495.97, "end": 496.13, "word": " to", "probability": 1.0 }, { "start": 496.13, "end": 496.31, "word": " that?", "probability": 1.0 }, { "start": 496.37, "end": 496.47, "word": " Have", "probability": 0.998046875 }, { "start": 496.47, "end": 496.53, "word": " you", "probability": 1.0 }, { "start": 496.53, "end": 496.73, "word": " thought", "probability": 1.0 }, { "start": 496.73, "end": 496.89, "word": " about", "probability": 1.0 }, { "start": 496.89, "end": 497.13, "word": " that?", "probability": 1.0 }, { "start": 497.33, "end": 497.51, "word": " I", "probability": 0.99267578125 }, { "start": 497.51, "end": 497.59, "word": " mean,", "probability": 0.97216796875 }, { "start": 497.67, "end": 497.69, "word": " I", "probability": 1.0 }, { "start": 497.69, "end": 497.79, "word": " think", "probability": 1.0 }, { "start": 497.79, "end": 497.93, "word": " it's", "probability": 1.0 }, { "start": 497.93, "end": 498.07, "word": " worth", "probability": 1.0 }, { "start": 498.07, "end": 498.57, "word": " monitoring.", "probability": 1.0 }, { "start": 499.07, "end": 499.45, "word": " Revaluing", "probability": 0.9884440104166666 } ] }, { "start": 499.45, "end": 505.83, "text": "gold holdings is kind of like one of the break the glass mechanisms that they have, where it's", "avg_logprob": -0.048347847597276575, "no_speech_prob": 0.0, "words": [ { "start": 499.45, "end": 499.77, "word": " gold", "probability": 1.0 }, { "start": 499.77, "end": 500.21, "word": " holdings", "probability": 0.999755859375 }, { "start": 500.21, "end": 500.39, "word": " is", "probability": 1.0 }, { "start": 500.39, "end": 500.55, "word": " kind", "probability": 1.0 }, { "start": 500.55, "end": 500.71, "word": " of", "probability": 1.0 }, { "start": 500.71, "end": 500.89, "word": " like", "probability": 0.97509765625 }, { "start": 500.89, "end": 501.05, "word": " one", "probability": 0.9990234375 }, { "start": 501.05, "end": 501.13, "word": " of", "probability": 0.99951171875 }, { "start": 501.13, "end": 501.21, "word": " the", "probability": 0.998046875 }, { "start": 501.21, "end": 501.45, "word": " break", "probability": 0.99169921875 }, { "start": 501.45, "end": 501.59, "word": " the", "probability": 0.814453125 }, { "start": 501.59, "end": 502.03, "word": " glass", "probability": 0.99951171875 }, { "start": 502.03, "end": 503.25, "word": " mechanisms", "probability": 0.99951171875 }, { "start": 503.25, "end": 503.53, "word": " that", "probability": 1.0 }, { "start": 503.53, "end": 503.65, "word": " they", "probability": 1.0 }, { "start": 503.65, "end": 504.03, "word": " have,", "probability": 1.0 }, { "start": 504.15, "end": 505.31, "word": " where", "probability": 0.9990234375 }, { "start": 505.31, "end": 505.83, "word": " it's", "probability": 1.0 } ] }, { "start": 505.83, "end": 510.07, "text": "one of the few ways where you can create, like the government can create new money without", "avg_logprob": -0.048347847597276575, "no_speech_prob": 0.0, "words": [ { "start": 505.83, "end": 505.93, "word": " one", "probability": 1.0 }, { "start": 505.93, "end": 505.99, "word": " of", "probability": 1.0 }, { "start": 505.99, "end": 506.07, "word": " the", "probability": 0.99951171875 }, { "start": 506.07, "end": 506.25, "word": " few", "probability": 0.99951171875 }, { "start": 506.25, "end": 506.67, "word": " ways", "probability": 1.0 }, { "start": 506.67, "end": 506.93, "word": " where", "probability": 0.9990234375 }, { "start": 506.93, "end": 507.11, "word": " you", "probability": 0.859375 }, { "start": 507.11, "end": 507.31, "word": " can", "probability": 1.0 }, { "start": 507.31, "end": 508.35, "word": " create,", "probability": 0.8935546875 }, { "start": 508.57, "end": 508.65, "word": " like", "probability": 0.966796875 }, { "start": 508.65, "end": 508.77, "word": " the", "probability": 0.97509765625 }, { "start": 508.77, "end": 508.99, "word": " government", "probability": 1.0 }, { "start": 508.99, "end": 509.21, "word": " can", "probability": 0.99951171875 }, { "start": 509.21, "end": 509.47, "word": " create", "probability": 1.0 }, { "start": 509.47, "end": 509.63, "word": " new", "probability": 0.99951171875 }, { "start": 509.63, "end": 509.87, "word": " money", "probability": 1.0 }, { "start": 509.87, "end": 510.07, "word": " without", "probability": 1.0 } ] }, { "start": 510.07, "end": 516.21, "text": "creating an associated amount of debt. So if they increase the official holdings of gold,", "avg_logprob": -0.1060893692981417, "no_speech_prob": 0.0, "words": [ { "start": 510.07, "end": 510.79, "word": " creating", "probability": 0.931640625 }, { "start": 510.79, "end": 510.99, "word": " an", "probability": 0.9951171875 }, { "start": 510.99, "end": 511.43, "word": " associated", "probability": 0.99658203125 }, { "start": 511.43, "end": 511.63, "word": " amount", "probability": 1.0 }, { "start": 511.63, "end": 511.77, "word": " of", "probability": 1.0 }, { "start": 511.77, "end": 511.99, "word": " debt.", "probability": 1.0 }, { "start": 512.41, "end": 512.89, "word": " So", "probability": 0.69140625 }, { "start": 512.89, "end": 513.03, "word": " if", "probability": 0.93310546875 }, { "start": 513.03, "end": 513.67, "word": " they", "probability": 1.0 }, { "start": 513.67, "end": 514.73, "word": " increase", "probability": 0.95263671875 }, { "start": 514.73, "end": 514.97, "word": " the", "probability": 1.0 }, { "start": 514.97, "end": 515.29, "word": " official", "probability": 0.99853515625 }, { "start": 515.29, "end": 515.77, "word": " holdings", "probability": 0.999755859375 }, { "start": 515.77, "end": 515.89, "word": " of", "probability": 1.0 }, { "start": 515.89, "end": 516.21, "word": " gold,", "probability": 0.99951171875 } ] }, { "start": 516.41, "end": 521.11, "text": "it basically fills up their treasury general account with cash, which they can then spend,", "avg_logprob": -0.1060893692981417, "no_speech_prob": 0.0, "words": [ { "start": 516.41, "end": 516.77, "word": " it", "probability": 0.99951171875 }, { "start": 516.77, "end": 517.09, "word": " basically", "probability": 0.99951171875 }, { "start": 517.09, "end": 517.45, "word": " fills", "probability": 0.99951171875 }, { "start": 517.45, "end": 517.69, "word": " up", "probability": 0.99951171875 }, { "start": 517.69, "end": 517.91, "word": " their", "probability": 0.99951171875 }, { "start": 517.91, "end": 518.31, "word": " treasury", "probability": 0.80078125 }, { "start": 518.31, "end": 518.63, "word": " general", "probability": 0.99169921875 }, { "start": 518.63, "end": 519.01, "word": " account", "probability": 0.99951171875 }, { "start": 519.01, "end": 519.27, "word": " with", "probability": 1.0 }, { "start": 519.27, "end": 519.75, "word": " cash,", "probability": 1.0 }, { "start": 519.77, "end": 520.25, "word": " which", "probability": 1.0 }, { "start": 520.25, "end": 520.39, "word": " they", "probability": 1.0 }, { "start": 520.39, "end": 520.55, "word": " can", "probability": 1.0 }, { "start": 520.55, "end": 520.71, "word": " then", "probability": 0.99951171875 }, { "start": 520.71, "end": 521.11, "word": " spend,", "probability": 1.0 } ] }, { "start": 522.43, "end": 526.31, "text": "which is kind of an interesting effect in the economy. Now that would be inflationary.", "avg_logprob": -0.1060893692981417, "no_speech_prob": 0.0, "words": [ { "start": 522.43, "end": 522.91, "word": " which", "probability": 0.9990234375 }, { "start": 522.91, "end": 523.05, "word": " is", "probability": 0.9990234375 }, { "start": 523.05, "end": 523.13, "word": " kind", "probability": 0.9580078125 }, { "start": 523.13, "end": 523.23, "word": " of", "probability": 1.0 }, { "start": 523.23, "end": 523.35, "word": " an", "probability": 0.61767578125 }, { "start": 523.35, "end": 523.53, "word": " interesting", "probability": 0.99951171875 }, { "start": 523.53, "end": 523.83, "word": " effect", "probability": 0.9990234375 }, { "start": 523.83, "end": 523.97, "word": " in", "probability": 0.93896484375 }, { "start": 523.97, "end": 524.07, "word": " the", "probability": 1.0 }, { "start": 524.07, "end": 524.51, "word": " economy.", "probability": 0.9990234375 }, { "start": 524.93, "end": 525.15, "word": " Now", "probability": 0.99755859375 }, { "start": 525.15, "end": 525.31, "word": " that", "probability": 0.55419921875 }, { "start": 525.31, "end": 525.49, "word": " would", "probability": 1.0 }, { "start": 525.49, "end": 525.63, "word": " be", "probability": 1.0 }, { "start": 525.63, "end": 526.31, "word": " inflationary.", "probability": 0.999755859375 } ] }, { "start": 527.49, "end": 532.11, "text": "That would be a very pro-liquidity move. So if the intention is to weaken the dollar,", "avg_logprob": -0.1060893692981417, "no_speech_prob": 0.0, "words": [ { "start": 527.49, "end": 527.97, "word": " That", "probability": 0.9990234375 }, { "start": 527.97, "end": 528.09, "word": " would", "probability": 1.0 }, { "start": 528.09, "end": 528.21, "word": " be", "probability": 1.0 }, { "start": 528.21, "end": 528.29, "word": " a", "probability": 1.0 }, { "start": 528.29, "end": 528.45, "word": " very", "probability": 0.9990234375 }, { "start": 528.45, "end": 528.73, "word": " pro", "probability": 0.99951171875 }, { "start": 528.73, "end": 529.09, "word": "-liquidity", "probability": 0.9339599609375 }, { "start": 529.09, "end": 529.51, "word": " move.", "probability": 1.0 }, { "start": 529.67, "end": 530.09, "word": " So", "probability": 0.99365234375 }, { "start": 530.09, "end": 530.59, "word": " if", "probability": 0.99951171875 }, { "start": 530.59, "end": 530.71, "word": " the", "probability": 1.0 }, { "start": 530.71, "end": 530.97, "word": " intention", "probability": 0.99853515625 }, { "start": 530.97, "end": 531.21, "word": " is", "probability": 1.0 }, { "start": 531.21, "end": 531.33, "word": " to", "probability": 1.0 }, { "start": 531.33, "end": 531.61, "word": " weaken", "probability": 0.99951171875 }, { "start": 531.61, "end": 531.81, "word": " the", "probability": 1.0 }, { "start": 531.81, "end": 532.11, "word": " dollar,", "probability": 0.99951171875 } ] }, { "start": 532.35, "end": 537.15, "text": "for example, that's a mechanism that they have, but they have to balance that with the concerns", "avg_logprob": -0.1060893692981417, "no_speech_prob": 0.0, "words": [ { "start": 532.35, "end": 532.41, "word": " for", "probability": 0.998046875 }, { "start": 532.41, "end": 532.77, "word": " example,", "probability": 1.0 }, { "start": 533.19, "end": 533.91, "word": " that's", "probability": 0.99365234375 }, { "start": 533.91, "end": 533.99, "word": " a", "probability": 0.98583984375 }, { "start": 533.99, "end": 534.29, "word": " mechanism", "probability": 0.99951171875 }, { "start": 534.29, "end": 534.49, "word": " that", "probability": 0.99951171875 }, { "start": 534.49, "end": 534.59, "word": " they", "probability": 0.99951171875 }, { "start": 534.59, "end": 534.97, "word": " have,", "probability": 1.0 }, { "start": 535.07, "end": 535.47, "word": " but", "probability": 1.0 }, { "start": 535.47, "end": 535.61, "word": " they", "probability": 1.0 }, { "start": 535.61, "end": 535.77, "word": " have", "probability": 1.0 }, { "start": 535.77, "end": 535.87, "word": " to", "probability": 1.0 }, { "start": 535.87, "end": 536.19, "word": " balance", "probability": 0.99853515625 }, { "start": 536.19, "end": 536.45, "word": " that", "probability": 1.0 }, { "start": 536.45, "end": 536.65, "word": " with", "probability": 1.0 }, { "start": 536.65, "end": 536.81, "word": " the", "probability": 0.9970703125 }, { "start": 536.81, "end": 537.15, "word": " concerns", "probability": 0.9970703125 } ] }, { "start": 537.15, "end": 542.59, "text": "around inflation because that that weakens people's wages that weakens um a lot of things", "avg_logprob": -0.040259007532317356, "no_speech_prob": 0.0, "words": [ { "start": 537.15, "end": 537.33, "word": " around", "probability": 0.87451171875 }, { "start": 537.33, "end": 537.77, "word": " inflation", "probability": 0.99853515625 }, { "start": 537.77, "end": 538.35, "word": " because", "probability": 0.80419921875 }, { "start": 538.35, "end": 538.65, "word": " that", "probability": 0.9990234375 }, { "start": 538.65, "end": 538.85, "word": " that", "probability": 0.265380859375 }, { "start": 538.85, "end": 539.43, "word": " weakens", "probability": 0.98779296875 }, { "start": 539.43, "end": 539.79, "word": " people's", "probability": 0.998779296875 }, { "start": 539.79, "end": 540.13, "word": " wages", "probability": 0.99951171875 }, { "start": 540.13, "end": 540.35, "word": " that", "probability": 0.80712890625 }, { "start": 540.35, "end": 540.79, "word": " weakens", "probability": 0.9794921875 }, { "start": 540.79, "end": 541.53, "word": " um", "probability": 0.46484375 }, { "start": 541.53, "end": 542.21, "word": " a", "probability": 0.9990234375 }, { "start": 542.21, "end": 542.33, "word": " lot", "probability": 1.0 }, { "start": 542.33, "end": 542.43, "word": " of", "probability": 0.9990234375 }, { "start": 542.43, "end": 542.59, "word": " things", "probability": 0.9990234375 } ] }, { "start": 542.59, "end": 549.97, "text": "like that so the problem is when when when we're this far along into the dollar system into debts", "avg_logprob": -0.040259007532317356, "no_speech_prob": 0.0, "words": [ { "start": 542.59, "end": 542.77, "word": " like", "probability": 0.9990234375 }, { "start": 542.77, "end": 543.03, "word": " that", "probability": 0.99853515625 }, { "start": 543.03, "end": 543.33, "word": " so", "probability": 0.9892578125 }, { "start": 543.33, "end": 544.07, "word": " the", "probability": 1.0 }, { "start": 544.07, "end": 544.39, "word": " problem", "probability": 1.0 }, { "start": 544.39, "end": 544.57, "word": " is", "probability": 0.99951171875 }, { "start": 544.57, "end": 544.75, "word": " when", "probability": 1.0 }, { "start": 544.75, "end": 544.99, "word": " when", "probability": 0.990234375 }, { "start": 544.99, "end": 545.37, "word": " when", "probability": 0.93505859375 }, { "start": 545.37, "end": 545.61, "word": " we're", "probability": 0.999755859375 }, { "start": 545.61, "end": 545.81, "word": " this", "probability": 1.0 }, { "start": 545.81, "end": 546.11, "word": " far", "probability": 1.0 }, { "start": 546.11, "end": 546.57, "word": " along", "probability": 0.99365234375 }, { "start": 546.57, "end": 547.71, "word": " into", "probability": 0.99951171875 }, { "start": 547.71, "end": 548.49, "word": " the", "probability": 1.0 }, { "start": 548.49, "end": 548.73, "word": " dollar", "probability": 1.0 }, { "start": 548.73, "end": 549.17, "word": " system", "probability": 1.0 }, { "start": 549.17, "end": 549.61, "word": " into", "probability": 1.0 }, { "start": 549.61, "end": 549.97, "word": " debts", "probability": 0.98876953125 } ] }, { "start": 549.97, "end": 554.57, "text": "and things like that all these decisions have trade-offs and there's some that might be better", "avg_logprob": -0.040259007532317356, "no_speech_prob": 0.0, "words": [ { "start": 549.97, "end": 550.11, "word": " and", "probability": 1.0 }, { "start": 550.11, "end": 550.31, "word": " things", "probability": 0.99951171875 }, { "start": 550.31, "end": 550.47, "word": " like", "probability": 1.0 }, { "start": 550.47, "end": 550.75, "word": " that", "probability": 0.99755859375 }, { "start": 550.75, "end": 551.53, "word": " all", "probability": 1.0 }, { "start": 551.53, "end": 551.77, "word": " these", "probability": 1.0 }, { "start": 551.77, "end": 552.15, "word": " decisions", "probability": 1.0 }, { "start": 552.15, "end": 552.43, "word": " have", "probability": 1.0 }, { "start": 552.43, "end": 552.71, "word": " trade", "probability": 1.0 }, { "start": 552.71, "end": 553.01, "word": "-offs", "probability": 0.996337890625 }, { "start": 553.01, "end": 553.65, "word": " and", "probability": 1.0 }, { "start": 553.65, "end": 553.87, "word": " there's", "probability": 0.989990234375 }, { "start": 553.87, "end": 554.01, "word": " some", "probability": 0.98779296875 }, { "start": 554.01, "end": 554.13, "word": " that", "probability": 1.0 }, { "start": 554.13, "end": 554.23, "word": " might", "probability": 0.9970703125 }, { "start": 554.23, "end": 554.35, "word": " be", "probability": 1.0 }, { "start": 554.35, "end": 554.57, "word": " better", "probability": 0.99951171875 } ] }, { "start": 554.57, "end": 560.31, "text": "than others but they all kind of in some ways screw one group and benefit another group and so", "avg_logprob": -0.040259007532317356, "no_speech_prob": 0.0, "words": [ { "start": 554.57, "end": 554.75, "word": " than", "probability": 1.0 }, { "start": 554.75, "end": 555.05, "word": " others", "probability": 0.99951171875 }, { "start": 555.05, "end": 555.79, "word": " but", "probability": 1.0 }, { "start": 555.79, "end": 555.93, "word": " they", "probability": 1.0 }, { "start": 555.93, "end": 556.27, "word": " all", "probability": 1.0 }, { "start": 556.27, "end": 556.59, "word": " kind", "probability": 1.0 }, { "start": 556.59, "end": 556.73, "word": " of", "probability": 0.9990234375 }, { "start": 556.73, "end": 556.95, "word": " in", "probability": 1.0 }, { "start": 556.95, "end": 557.11, "word": " some", "probability": 0.9990234375 }, { "start": 557.11, "end": 557.33, "word": " ways", "probability": 0.99755859375 }, { "start": 557.33, "end": 557.79, "word": " screw", "probability": 1.0 }, { "start": 557.79, "end": 558.01, "word": " one", "probability": 1.0 }, { "start": 558.01, "end": 558.29, "word": " group", "probability": 0.9990234375 }, { "start": 558.29, "end": 558.55, "word": " and", "probability": 0.99951171875 }, { "start": 558.55, "end": 558.83, "word": " benefit", "probability": 0.99951171875 }, { "start": 558.83, "end": 559.07, "word": " another", "probability": 1.0 }, { "start": 559.07, "end": 559.43, "word": " group", "probability": 0.99951171875 }, { "start": 559.43, "end": 560.09, "word": " and", "probability": 0.99951171875 }, { "start": 560.09, "end": 560.31, "word": " so", "probability": 1.0 } ] }, { "start": 560.31, "end": 566.35, "text": "they have to kind of do a calculation to say in our term is this is this a lever we want to pull", "avg_logprob": -0.040259007532317356, "no_speech_prob": 0.0, "words": [ { "start": 560.31, "end": 560.75, "word": " they", "probability": 1.0 }, { "start": 560.75, "end": 560.89, "word": " have", "probability": 1.0 }, { "start": 560.89, "end": 560.99, "word": " to", "probability": 0.99951171875 }, { "start": 560.99, "end": 561.11, "word": " kind", "probability": 0.99951171875 }, { "start": 561.11, "end": 561.21, "word": " of", "probability": 0.9990234375 }, { "start": 561.21, "end": 561.33, "word": " do", "probability": 0.9990234375 }, { "start": 561.33, "end": 561.43, "word": " a", "probability": 0.99951171875 }, { "start": 561.43, "end": 561.89, "word": " calculation", "probability": 0.9990234375 }, { "start": 561.89, "end": 562.19, "word": " to", "probability": 1.0 }, { "start": 562.19, "end": 562.61, "word": " say", "probability": 1.0 }, { "start": 562.61, "end": 563.99, "word": " in", "probability": 0.99951171875 }, { "start": 563.99, "end": 564.15, "word": " our", "probability": 1.0 }, { "start": 564.15, "end": 564.53, "word": " term", "probability": 0.9990234375 }, { "start": 564.53, "end": 564.75, "word": " is", "probability": 1.0 }, { "start": 564.75, "end": 564.91, "word": " this", "probability": 0.99951171875 }, { "start": 564.91, "end": 565.11, "word": " is", "probability": 0.99853515625 }, { "start": 565.11, "end": 565.29, "word": " this", "probability": 0.99951171875 }, { "start": 565.29, "end": 565.43, "word": " a", "probability": 0.9912109375 }, { "start": 565.43, "end": 565.67, "word": " lever", "probability": 0.9951171875 }, { "start": 565.67, "end": 565.85, "word": " we", "probability": 0.9990234375 }, { "start": 565.85, "end": 565.99, "word": " want", "probability": 0.99951171875 }, { "start": 565.99, "end": 566.11, "word": " to", "probability": 1.0 }, { "start": 566.11, "end": 566.35, "word": " pull", "probability": 0.99951171875 } ] }, { "start": 566.35, "end": 570.55, "text": "hard, or do you want to kick it to the next people to maybe consider doing that move?", "avg_logprob": -0.12572829071748054, "no_speech_prob": 0.0, "words": [ { "start": 566.35, "end": 566.65, "word": " hard,", "probability": 0.93017578125 }, { "start": 566.69, "end": 567.13, "word": " or", "probability": 1.0 }, { "start": 567.13, "end": 567.25, "word": " do", "probability": 1.0 }, { "start": 567.25, "end": 567.33, "word": " you", "probability": 0.9990234375 }, { "start": 567.33, "end": 567.43, "word": " want", "probability": 0.9951171875 }, { "start": 567.43, "end": 567.53, "word": " to", "probability": 1.0 }, { "start": 567.53, "end": 567.71, "word": " kick", "probability": 1.0 }, { "start": 567.71, "end": 567.83, "word": " it", "probability": 1.0 }, { "start": 567.83, "end": 567.99, "word": " to", "probability": 1.0 }, { "start": 567.99, "end": 568.17, "word": " the", "probability": 1.0 }, { "start": 568.17, "end": 568.53, "word": " next", "probability": 0.99853515625 }, { "start": 568.53, "end": 568.83, "word": " people", "probability": 1.0 }, { "start": 568.83, "end": 569.05, "word": " to", "probability": 0.998046875 }, { "start": 569.05, "end": 569.47, "word": " maybe", "probability": 0.91748046875 }, { "start": 569.47, "end": 569.85, "word": " consider", "probability": 1.0 }, { "start": 569.85, "end": 570.07, "word": " doing", "probability": 1.0 }, { "start": 570.07, "end": 570.27, "word": " that", "probability": 1.0 }, { "start": 570.27, "end": 570.55, "word": " move?", "probability": 0.99951171875 } ] }, { "start": 571.55, "end": 575.87, "text": "And even though kick the can is really popular in Washington, you do have Besson, who's,", "avg_logprob": -0.12572829071748054, "no_speech_prob": 0.0, "words": [ { "start": 571.55, "end": 571.93, "word": " And", "probability": 0.50634765625 }, { "start": 571.93, "end": 572.11, "word": " even", "probability": 1.0 }, { "start": 572.11, "end": 572.23, "word": " though", "probability": 1.0 }, { "start": 572.23, "end": 572.41, "word": " kick", "probability": 0.7978515625 }, { "start": 572.41, "end": 572.55, "word": " the", "probability": 0.994140625 }, { "start": 572.55, "end": 572.79, "word": " can", "probability": 0.99951171875 }, { "start": 572.79, "end": 572.99, "word": " is", "probability": 0.99951171875 }, { "start": 572.99, "end": 573.29, "word": " really", "probability": 1.0 }, { "start": 573.29, "end": 573.81, "word": " popular", "probability": 1.0 }, { "start": 573.81, "end": 574.01, "word": " in", "probability": 1.0 }, { "start": 574.01, "end": 574.39, "word": " Washington,", "probability": 0.99951171875 }, { "start": 574.55, "end": 574.63, "word": " you", "probability": 1.0 }, { "start": 574.63, "end": 574.73, "word": " do", "probability": 0.9990234375 }, { "start": 574.73, "end": 574.89, "word": " have", "probability": 1.0 }, { "start": 574.89, "end": 575.39, "word": " Besson,", "probability": 0.7542317708333334 }, { "start": 575.53, "end": 575.87, "word": " who's,", "probability": 0.99462890625 } ] }, { "start": 577.39, "end": 582.03, "text": "you know, everyone's thinking about legacy, and one would think, based on recent comments,", "avg_logprob": -0.12572829071748054, "no_speech_prob": 0.0, "words": [ { "start": 577.39, "end": 577.77, "word": " you", "probability": 0.990234375 }, { "start": 577.77, "end": 577.93, "word": " know,", "probability": 1.0 }, { "start": 578.47, "end": 579.13, "word": " everyone's", "probability": 0.99951171875 }, { "start": 579.13, "end": 579.39, "word": " thinking", "probability": 1.0 }, { "start": 579.39, "end": 579.63, "word": " about", "probability": 1.0 }, { "start": 579.63, "end": 580.05, "word": " legacy,", "probability": 0.99755859375 }, { "start": 580.05, "end": 580.31, "word": " and", "probability": 1.0 }, { "start": 580.31, "end": 580.49, "word": " one", "probability": 1.0 }, { "start": 580.49, "end": 580.69, "word": " would", "probability": 1.0 }, { "start": 580.69, "end": 580.97, "word": " think,", "probability": 1.0 }, { "start": 581.09, "end": 581.23, "word": " based", "probability": 1.0 }, { "start": 581.23, "end": 581.37, "word": " on", "probability": 1.0 }, { "start": 581.37, "end": 581.61, "word": " recent", "probability": 0.99951171875 }, { "start": 581.61, "end": 582.03, "word": " comments,", "probability": 1.0 } ] }, { "start": 582.05, "end": 585.61, "text": "he cares a lot about that. And you just had Hank Paulson say, like, this is a break the glass", "avg_logprob": -0.12572829071748054, "no_speech_prob": 0.0, "words": [ { "start": 582.05, "end": 582.23, "word": " he", "probability": 1.0 }, { "start": 582.23, "end": 582.47, "word": " cares", "probability": 0.99951171875 }, { "start": 582.47, "end": 582.65, "word": " a", "probability": 1.0 }, { "start": 582.65, "end": 582.77, "word": " lot", "probability": 1.0 }, { "start": 582.77, "end": 582.95, "word": " about", "probability": 1.0 }, { "start": 582.95, "end": 583.19, "word": " that.", "probability": 1.0 }, { "start": 583.27, "end": 583.35, "word": " And", "probability": 0.99853515625 }, { "start": 583.35, "end": 583.45, "word": " you", "probability": 1.0 }, { "start": 583.45, "end": 583.67, "word": " just", "probability": 1.0 }, { "start": 583.67, "end": 583.83, "word": " had", "probability": 0.99951171875 }, { "start": 583.83, "end": 584.01, "word": " Hank", "probability": 0.998046875 }, { "start": 584.01, "end": 584.39, "word": " Paulson", "probability": 0.990966796875 }, { "start": 584.39, "end": 584.63, "word": " say,", "probability": 1.0 }, { "start": 584.73, "end": 584.81, "word": " like,", "probability": 0.94384765625 }, { "start": 584.87, "end": 584.95, "word": " this", "probability": 1.0 }, { "start": 584.95, "end": 585.03, "word": " is", "probability": 1.0 }, { "start": 585.03, "end": 585.09, "word": " a", "probability": 0.99951171875 }, { "start": 585.09, "end": 585.27, "word": " break", "probability": 0.99658203125 }, { "start": 585.27, "end": 585.37, "word": " the", "probability": 0.66162109375 }, { "start": 585.37, "end": 585.61, "word": " glass", "probability": 0.998046875 } ] }, { "start": 585.61, "end": 590.91, "text": "moment, right? So there is some support, perhaps, for some sort of extraordinary measure. Who gets", "avg_logprob": -0.12572829071748054, "no_speech_prob": 0.0, "words": [ { "start": 585.61, "end": 585.93, "word": " moment,", "probability": 1.0 }, { "start": 585.99, "end": 586.11, "word": " right?", "probability": 0.99951171875 }, { "start": 586.19, "end": 586.27, "word": " So", "probability": 0.99462890625 }, { "start": 586.27, "end": 586.47, "word": " there", "probability": 0.8916015625 }, { "start": 586.47, "end": 586.99, "word": " is", "probability": 0.95849609375 }, { "start": 586.99, "end": 587.19, "word": " some", "probability": 1.0 }, { "start": 587.19, "end": 587.65, "word": " support,", "probability": 1.0 }, { "start": 587.77, "end": 588.07, "word": " perhaps,", "probability": 1.0 }, { "start": 588.37, "end": 588.49, "word": " for", "probability": 1.0 }, { "start": 588.49, "end": 588.69, "word": " some", "probability": 1.0 }, { "start": 588.69, "end": 588.85, "word": " sort", "probability": 0.98779296875 }, { "start": 588.85, "end": 588.97, "word": " of", "probability": 0.99951171875 }, { "start": 588.97, "end": 589.47, "word": " extraordinary", "probability": 0.9990234375 }, { "start": 589.47, "end": 589.99, "word": " measure.", "probability": 1.0 }, { "start": 590.27, "end": 590.65, "word": " Who", "probability": 0.99951171875 }, { "start": 590.65, "end": 590.91, "word": " gets", "probability": 0.1793212890625 } ] }, { "start": 590.91, "end": 596.53, "text": "do gold who who get who wins and and who suffers in the immediate aftermath of that i mean if you", "avg_logprob": -0.054896764823102524, "no_speech_prob": 0.0, "words": [ { "start": 590.91, "end": 591.05, "word": " do", "probability": 0.036346435546875 }, { "start": 591.05, "end": 591.29, "word": " gold", "probability": 0.939453125 }, { "start": 591.29, "end": 591.61, "word": " who", "probability": 0.330322265625 }, { "start": 591.61, "end": 591.97, "word": " who", "probability": 0.482666015625 }, { "start": 591.97, "end": 592.09, "word": " get", "probability": 0.76953125 }, { "start": 592.09, "end": 592.33, "word": " who", "probability": 1.0 }, { "start": 592.33, "end": 592.59, "word": " wins", "probability": 1.0 }, { "start": 592.59, "end": 592.81, "word": " and", "probability": 0.94970703125 }, { "start": 592.81, "end": 593.31, "word": " and", "probability": 0.97265625 }, { "start": 593.31, "end": 593.55, "word": " who", "probability": 1.0 }, { "start": 593.55, "end": 594.07, "word": " suffers", "probability": 1.0 }, { "start": 594.07, "end": 594.59, "word": " in", "probability": 1.0 }, { "start": 594.59, "end": 594.71, "word": " the", "probability": 1.0 }, { "start": 594.71, "end": 595.13, "word": " immediate", "probability": 1.0 }, { "start": 595.13, "end": 595.65, "word": " aftermath", "probability": 1.0 }, { "start": 595.65, "end": 595.93, "word": " of", "probability": 1.0 }, { "start": 595.93, "end": 596.11, "word": " that", "probability": 1.0 }, { "start": 596.11, "end": 596.25, "word": " i", "probability": 0.78466796875 }, { "start": 596.25, "end": 596.33, "word": " mean", "probability": 0.9990234375 }, { "start": 596.33, "end": 596.45, "word": " if", "probability": 1.0 }, { "start": 596.45, "end": 596.53, "word": " you", "probability": 0.9970703125 } ] }, { "start": 596.53, "end": 601.81, "text": "hold gold are you super happy if they do that and and who comes out on the losing end of that the", "avg_logprob": -0.054896764823102524, "no_speech_prob": 0.0, "words": [ { "start": 596.53, "end": 596.75, "word": " hold", "probability": 0.99951171875 }, { "start": 596.75, "end": 597.13, "word": " gold", "probability": 0.998046875 }, { "start": 597.13, "end": 597.85, "word": " are", "probability": 1.0 }, { "start": 597.85, "end": 598.07, "word": " you", "probability": 1.0 }, { "start": 598.07, "end": 598.35, "word": " super", "probability": 1.0 }, { "start": 598.35, "end": 598.59, "word": " happy", "probability": 0.99951171875 }, { "start": 598.59, "end": 598.75, "word": " if", "probability": 1.0 }, { "start": 598.75, "end": 598.83, "word": " they", "probability": 0.9990234375 }, { "start": 598.83, "end": 598.95, "word": " do", "probability": 1.0 }, { "start": 598.95, "end": 599.19, "word": " that", "probability": 0.99951171875 }, { "start": 599.19, "end": 599.55, "word": " and", "probability": 1.0 }, { "start": 599.55, "end": 600.15, "word": " and", "probability": 1.0 }, { "start": 600.15, "end": 600.35, "word": " who", "probability": 0.99951171875 }, { "start": 600.35, "end": 600.55, "word": " comes", "probability": 1.0 }, { "start": 600.55, "end": 600.69, "word": " out", "probability": 1.0 }, { "start": 600.69, "end": 600.81, "word": " on", "probability": 1.0 }, { "start": 600.81, "end": 600.89, "word": " the", "probability": 0.99951171875 }, { "start": 600.89, "end": 601.15, "word": " losing", "probability": 0.9990234375 }, { "start": 601.15, "end": 601.35, "word": " end", "probability": 1.0 }, { "start": 601.35, "end": 601.45, "word": " of", "probability": 0.99951171875 }, { "start": 601.45, "end": 601.61, "word": " that", "probability": 0.9931640625 }, { "start": 601.61, "end": 601.81, "word": " the", "probability": 1.0 } ] }, { "start": 601.81, "end": 606.41, "text": "average worker um i think it's more complicated than that so if they if they revalue gold they're", "avg_logprob": -0.054896764823102524, "no_speech_prob": 0.0, "words": [ { "start": 601.81, "end": 602.07, "word": " average", "probability": 0.99658203125 }, { "start": 602.07, "end": 602.43, "word": " worker", "probability": 0.97900390625 }, { "start": 602.43, "end": 603.23, "word": " um", "probability": 0.9990234375 }, { "start": 603.23, "end": 603.61, "word": " i", "probability": 1.0 }, { "start": 603.61, "end": 603.71, "word": " think", "probability": 1.0 }, { "start": 603.71, "end": 603.81, "word": " it's", "probability": 0.999267578125 }, { "start": 603.81, "end": 603.91, "word": " more", "probability": 0.99853515625 }, { "start": 603.91, "end": 604.29, "word": " complicated", "probability": 0.99951171875 }, { "start": 604.29, "end": 604.41, "word": " than", "probability": 0.99365234375 }, { "start": 604.41, "end": 604.57, "word": " that", "probability": 0.99951171875 }, { "start": 604.57, "end": 604.69, "word": " so", "probability": 0.99951171875 }, { "start": 604.69, "end": 604.81, "word": " if", "probability": 0.99951171875 }, { "start": 604.81, "end": 604.89, "word": " they", "probability": 0.99951171875 }, { "start": 604.89, "end": 605.03, "word": " if", "probability": 0.990234375 }, { "start": 605.03, "end": 605.17, "word": " they", "probability": 0.99951171875 }, { "start": 605.17, "end": 605.77, "word": " revalue", "probability": 0.990234375 }, { "start": 605.77, "end": 606.15, "word": " gold", "probability": 1.0 }, { "start": 606.15, "end": 606.41, "word": " they're", "probability": 1.0 } ] }, { "start": 606.41, "end": 611.15, "text": "basically just it's mostly an accounting trick at first so they're not necessarily changing the", "avg_logprob": -0.054896764823102524, "no_speech_prob": 0.0, "words": [ { "start": 606.41, "end": 606.71, "word": " basically", "probability": 0.99951171875 }, { "start": 606.71, "end": 606.95, "word": " just", "probability": 0.99951171875 }, { "start": 606.95, "end": 607.23, "word": " it's", "probability": 1.0 }, { "start": 607.23, "end": 607.59, "word": " mostly", "probability": 0.8876953125 }, { "start": 607.59, "end": 607.69, "word": " an", "probability": 0.998046875 }, { "start": 607.69, "end": 608.09, "word": " accounting", "probability": 1.0 }, { "start": 608.09, "end": 608.33, "word": " trick", "probability": 1.0 }, { "start": 608.33, "end": 608.51, "word": " at", "probability": 1.0 }, { "start": 608.51, "end": 608.91, "word": " first", "probability": 0.99951171875 }, { "start": 608.91, "end": 609.73, "word": " so", "probability": 1.0 }, { "start": 609.73, "end": 610.13, "word": " they're", "probability": 1.0 }, { "start": 610.13, "end": 610.33, "word": " not", "probability": 1.0 }, { "start": 610.33, "end": 610.63, "word": " necessarily", "probability": 0.998046875 }, { "start": 610.63, "end": 611.01, "word": " changing", "probability": 0.9990234375 }, { "start": 611.01, "end": 611.15, "word": " the", "probability": 1.0 } ] }, { "start": 611.15, "end": 616.73, "text": "price of gold relative to oil or gold relative to houses or things like that they're saying that", "avg_logprob": -0.054896764823102524, "no_speech_prob": 0.0, "words": [ { "start": 611.15, "end": 611.43, "word": " price", "probability": 0.99951171875 }, { "start": 611.43, "end": 611.57, "word": " of", "probability": 1.0 }, { "start": 611.57, "end": 612.01, "word": " gold", "probability": 0.99951171875 }, { "start": 612.01, "end": 612.47, "word": " relative", "probability": 1.0 }, { "start": 612.47, "end": 612.73, "word": " to", "probability": 1.0 }, { "start": 612.73, "end": 613.03, "word": " oil", "probability": 1.0 }, { "start": 613.03, "end": 613.23, "word": " or", "probability": 1.0 }, { "start": 613.23, "end": 613.51, "word": " gold", "probability": 0.99609375 }, { "start": 613.51, "end": 613.85, "word": " relative", "probability": 1.0 }, { "start": 613.85, "end": 614.21, "word": " to", "probability": 1.0 }, { "start": 614.21, "end": 614.99, "word": " houses", "probability": 0.99951171875 }, { "start": 614.99, "end": 615.23, "word": " or", "probability": 1.0 }, { "start": 615.23, "end": 615.37, "word": " things", "probability": 0.99951171875 }, { "start": 615.37, "end": 615.53, "word": " like", "probability": 0.99951171875 }, { "start": 615.53, "end": 615.85, "word": " that", "probability": 0.99853515625 }, { "start": 615.85, "end": 616.33, "word": " they're", "probability": 1.0 }, { "start": 616.33, "end": 616.57, "word": " saying", "probability": 1.0 }, { "start": 616.57, "end": 616.73, "word": " that", "probability": 0.99951171875 } ] }, { "start": 616.73, "end": 621.81, "text": "the official bookkeeping for what the treasury holds their gold at is, is, is, you know, instead", "avg_logprob": -0.10696138393103592, "no_speech_prob": 0.0, "words": [ { "start": 616.73, "end": 616.85, "word": " the", "probability": 0.345947265625 }, { "start": 616.85, "end": 617.21, "word": " official", "probability": 0.998046875 }, { "start": 617.21, "end": 617.81, "word": " bookkeeping", "probability": 0.998291015625 }, { "start": 617.81, "end": 618.07, "word": " for", "probability": 0.99609375 }, { "start": 618.07, "end": 618.19, "word": " what", "probability": 0.9990234375 }, { "start": 618.19, "end": 618.31, "word": " the", "probability": 0.9990234375 }, { "start": 618.31, "end": 618.63, "word": " treasury", "probability": 0.849609375 }, { "start": 618.63, "end": 619.07, "word": " holds", "probability": 0.99951171875 }, { "start": 619.07, "end": 619.29, "word": " their", "probability": 0.9873046875 }, { "start": 619.29, "end": 619.59, "word": " gold", "probability": 0.970703125 }, { "start": 619.59, "end": 619.91, "word": " at", "probability": 0.9951171875 }, { "start": 619.91, "end": 620.63, "word": " is,", "probability": 0.974609375 }, { "start": 620.71, "end": 620.99, "word": " is,", "probability": 0.7275390625 }, { "start": 621.15, "end": 621.31, "word": " is,", "probability": 0.5791015625 }, { "start": 621.47, "end": 621.53, "word": " you", "probability": 0.99267578125 }, { "start": 621.53, "end": 621.57, "word": " know,", "probability": 1.0 }, { "start": 621.65, "end": 621.81, "word": " instead", "probability": 0.99951171875 } ] }, { "start": 621.81, "end": 627.43, "text": "of, you know, 40 something an ounce, it'll be the current price called, you know, for 4,000 something", "avg_logprob": -0.10696138393103592, "no_speech_prob": 0.0, "words": [ { "start": 621.81, "end": 622.03, "word": " of,", "probability": 1.0 }, { "start": 622.11, "end": 622.15, "word": " you", "probability": 0.998046875 }, { "start": 622.15, "end": 622.25, "word": " know,", "probability": 1.0 }, { "start": 622.65, "end": 622.83, "word": " 40", "probability": 0.99609375 }, { "start": 622.83, "end": 623.15, "word": " something", "probability": 0.9775390625 }, { "start": 623.15, "end": 623.37, "word": " an", "probability": 0.99462890625 }, { "start": 623.37, "end": 623.67, "word": " ounce,", "probability": 1.0 }, { "start": 623.85, "end": 624.43, "word": " it'll", "probability": 0.999267578125 }, { "start": 624.43, "end": 624.53, "word": " be", "probability": 1.0 }, { "start": 624.53, "end": 624.65, "word": " the", "probability": 1.0 }, { "start": 624.65, "end": 624.89, "word": " current", "probability": 1.0 }, { "start": 624.89, "end": 625.37, "word": " price", "probability": 1.0 }, { "start": 625.37, "end": 625.63, "word": " called,", "probability": 0.7578125 }, { "start": 625.63, "end": 625.83, "word": " you", "probability": 0.99853515625 }, { "start": 625.83, "end": 625.95, "word": " know,", "probability": 1.0 }, { "start": 626.41, "end": 626.55, "word": " for", "probability": 0.52294921875 }, { "start": 626.55, "end": 626.87, "word": " 4", "probability": 0.9189453125 }, { "start": 626.87, "end": 627.13, "word": ",000", "probability": 0.986083984375 }, { "start": 627.13, "end": 627.43, "word": " something", "probability": 0.8701171875 } ] }, { "start": 627.43, "end": 632.29, "text": "an ounce. Uh, and that, that basically fills up their treasury general account, which means they're", "avg_logprob": -0.10696138393103592, "no_speech_prob": 0.0, "words": [ { "start": 627.43, "end": 627.61, "word": " an", "probability": 0.99365234375 }, { "start": 627.61, "end": 627.83, "word": " ounce.", "probability": 1.0 }, { "start": 627.95, "end": 628.39, "word": " Uh,", "probability": 0.595703125 }, { "start": 628.59, "end": 628.73, "word": " and", "probability": 1.0 }, { "start": 628.73, "end": 628.95, "word": " that,", "probability": 1.0 }, { "start": 629.05, "end": 629.25, "word": " that", "probability": 1.0 }, { "start": 629.25, "end": 629.51, "word": " basically", "probability": 0.99658203125 }, { "start": 629.51, "end": 629.83, "word": " fills", "probability": 0.99951171875 }, { "start": 629.83, "end": 630.01, "word": " up", "probability": 1.0 }, { "start": 630.01, "end": 630.19, "word": " their", "probability": 0.99951171875 }, { "start": 630.19, "end": 630.57, "word": " treasury", "probability": 0.9873046875 }, { "start": 630.57, "end": 630.83, "word": " general", "probability": 0.99365234375 }, { "start": 630.83, "end": 631.31, "word": " account,", "probability": 0.99951171875 }, { "start": 631.59, "end": 631.89, "word": " which", "probability": 1.0 }, { "start": 631.89, "end": 632.11, "word": " means", "probability": 1.0 }, { "start": 632.11, "end": 632.29, "word": " they're", "probability": 1.0 } ] }, { "start": 632.29, "end": 638.75, "text": "able to then spend without issuing bonds to spend, at least until they use up that, that amount.", "avg_logprob": -0.10696138393103592, "no_speech_prob": 0.0, "words": [ { "start": 632.29, "end": 632.59, "word": " able", "probability": 1.0 }, { "start": 632.59, "end": 632.79, "word": " to", "probability": 1.0 }, { "start": 632.79, "end": 633.05, "word": " then", "probability": 0.9931640625 }, { "start": 633.05, "end": 633.65, "word": " spend", "probability": 1.0 }, { "start": 633.65, "end": 634.07, "word": " without", "probability": 0.99951171875 }, { "start": 634.07, "end": 634.61, "word": " issuing", "probability": 0.99951171875 }, { "start": 634.61, "end": 635.71, "word": " bonds", "probability": 0.994140625 }, { "start": 635.71, "end": 635.93, "word": " to", "probability": 1.0 }, { "start": 635.93, "end": 636.31, "word": " spend,", "probability": 0.99853515625 }, { "start": 636.51, "end": 636.65, "word": " at", "probability": 0.99951171875 }, { "start": 636.65, "end": 636.75, "word": " least", "probability": 1.0 }, { "start": 636.75, "end": 637.03, "word": " until", "probability": 1.0 }, { "start": 637.03, "end": 637.25, "word": " they", "probability": 1.0 }, { "start": 637.25, "end": 637.57, "word": " use", "probability": 1.0 }, { "start": 637.57, "end": 637.75, "word": " up", "probability": 0.99951171875 }, { "start": 637.75, "end": 638.23, "word": " that,", "probability": 0.99853515625 }, { "start": 638.33, "end": 638.45, "word": " that", "probability": 1.0 }, { "start": 638.45, "end": 638.75, "word": " amount.", "probability": 0.9990234375 } ] }, { "start": 638.97, "end": 644.07, "text": "Uh, and in theory, I mean, they could revalue gold even higher and give themselves even more", "avg_logprob": -0.10696138393103592, "no_speech_prob": 0.0, "words": [ { "start": 638.97, "end": 639.39, "word": " Uh,", "probability": 0.97998046875 }, { "start": 639.45, "end": 639.57, "word": " and", "probability": 1.0 }, { "start": 639.57, "end": 639.73, "word": " in", "probability": 1.0 }, { "start": 639.73, "end": 640.05, "word": " theory,", "probability": 1.0 }, { "start": 640.37, "end": 640.89, "word": " I", "probability": 1.0 }, { "start": 640.89, "end": 640.99, "word": " mean,", "probability": 1.0 }, { "start": 641.05, "end": 641.15, "word": " they", "probability": 0.99951171875 }, { "start": 641.15, "end": 641.35, "word": " could", "probability": 1.0 }, { "start": 641.35, "end": 641.75, "word": " revalue", "probability": 0.970947265625 }, { "start": 641.75, "end": 642.03, "word": " gold", "probability": 0.99951171875 }, { "start": 642.03, "end": 642.21, "word": " even", "probability": 0.99169921875 }, { "start": 642.21, "end": 642.63, "word": " higher", "probability": 0.99951171875 }, { "start": 642.63, "end": 643.05, "word": " and", "probability": 0.99951171875 }, { "start": 643.05, "end": 643.21, "word": " give", "probability": 1.0 }, { "start": 643.21, "end": 643.53, "word": " themselves", "probability": 1.0 }, { "start": 643.53, "end": 643.79, "word": " even", "probability": 1.0 }, { "start": 643.79, "end": 644.07, "word": " more", "probability": 1.0 } ] }, { "start": 644.07, "end": 650.17, "text": "cash uh and the more they do that the more that money flows out into the economy which then can", "avg_logprob": -0.06364239168898114, "no_speech_prob": 0.0, "words": [ { "start": 644.07, "end": 644.87, "word": " cash", "probability": 0.9228515625 }, { "start": 644.87, "end": 645.49, "word": " uh", "probability": 0.0312347412109375 }, { "start": 645.49, "end": 645.87, "word": " and", "probability": 0.998046875 }, { "start": 645.87, "end": 646.03, "word": " the", "probability": 1.0 }, { "start": 646.03, "end": 646.19, "word": " more", "probability": 1.0 }, { "start": 646.19, "end": 646.35, "word": " they", "probability": 1.0 }, { "start": 646.35, "end": 646.53, "word": " do", "probability": 1.0 }, { "start": 646.53, "end": 646.83, "word": " that", "probability": 1.0 }, { "start": 646.83, "end": 647.13, "word": " the", "probability": 0.998046875 }, { "start": 647.13, "end": 647.33, "word": " more", "probability": 1.0 }, { "start": 647.33, "end": 647.67, "word": " that", "probability": 0.98779296875 }, { "start": 647.67, "end": 647.97, "word": " money", "probability": 0.99951171875 }, { "start": 647.97, "end": 648.33, "word": " flows", "probability": 1.0 }, { "start": 648.33, "end": 648.47, "word": " out", "probability": 0.99951171875 }, { "start": 648.47, "end": 648.59, "word": " into", "probability": 0.99755859375 }, { "start": 648.59, "end": 648.67, "word": " the", "probability": 1.0 }, { "start": 648.67, "end": 649.09, "word": " economy", "probability": 0.994140625 }, { "start": 649.09, "end": 649.81, "word": " which", "probability": 0.99951171875 }, { "start": 649.81, "end": 649.99, "word": " then", "probability": 0.9990234375 }, { "start": 649.99, "end": 650.17, "word": " can", "probability": 0.767578125 } ] }, { "start": 650.17, "end": 656.31, "text": "find itself into assets like gold for example so it can influence the gold price uh it would be a", "avg_logprob": -0.06364239168898114, "no_speech_prob": 0.0, "words": [ { "start": 650.17, "end": 650.51, "word": " find", "probability": 0.99462890625 }, { "start": 650.51, "end": 650.85, "word": " itself", "probability": 0.99951171875 }, { "start": 650.85, "end": 651.11, "word": " into", "probability": 0.99951171875 }, { "start": 651.11, "end": 651.51, "word": " assets", "probability": 1.0 }, { "start": 651.51, "end": 651.85, "word": " like", "probability": 1.0 }, { "start": 651.85, "end": 652.19, "word": " gold", "probability": 0.99951171875 }, { "start": 652.19, "end": 652.59, "word": " for", "probability": 0.99951171875 }, { "start": 652.59, "end": 652.87, "word": " example", "probability": 1.0 }, { "start": 652.87, "end": 653.15, "word": " so", "probability": 0.99755859375 }, { "start": 653.15, "end": 653.43, "word": " it", "probability": 1.0 }, { "start": 653.43, "end": 653.65, "word": " can", "probability": 1.0 }, { "start": 653.65, "end": 654.09, "word": " influence", "probability": 1.0 }, { "start": 654.09, "end": 654.25, "word": " the", "probability": 1.0 }, { "start": 654.25, "end": 654.45, "word": " gold", "probability": 0.9931640625 }, { "start": 654.45, "end": 654.89, "word": " price", "probability": 1.0 }, { "start": 654.89, "end": 655.53, "word": " uh", "probability": 0.677734375 }, { "start": 655.53, "end": 655.99, "word": " it", "probability": 1.0 }, { "start": 655.99, "end": 656.11, "word": " would", "probability": 1.0 }, { "start": 656.11, "end": 656.21, "word": " be", "probability": 0.99853515625 }, { "start": 656.21, "end": 656.31, "word": " a", "probability": 0.99951171875 } ] }, { "start": 656.31, "end": 661.39, "text": "shock uh and generally shocks around that nature likely are to lead people to buy something like", "avg_logprob": -0.06364239168898114, "no_speech_prob": 0.0, "words": [ { "start": 656.31, "end": 656.81, "word": " shock", "probability": 0.9990234375 }, { "start": 656.81, "end": 657.43, "word": " uh", "probability": 0.9951171875 }, { "start": 657.43, "end": 657.93, "word": " and", "probability": 0.81689453125 }, { "start": 657.93, "end": 658.09, "word": " generally", "probability": 0.9873046875 }, { "start": 658.09, "end": 658.53, "word": " shocks", "probability": 0.99853515625 }, { "start": 658.53, "end": 658.85, "word": " around", "probability": 0.99853515625 }, { "start": 658.85, "end": 659.03, "word": " that", "probability": 1.0 }, { "start": 659.03, "end": 659.31, "word": " nature", "probability": 0.998046875 }, { "start": 659.31, "end": 659.57, "word": " likely", "probability": 0.69140625 }, { "start": 659.57, "end": 659.81, "word": " are", "probability": 0.86328125 }, { "start": 659.81, "end": 660.13, "word": " to", "probability": 0.99755859375 }, { "start": 660.13, "end": 660.31, "word": " lead", "probability": 0.78662109375 }, { "start": 660.31, "end": 660.53, "word": " people", "probability": 0.99951171875 }, { "start": 660.53, "end": 660.69, "word": " to", "probability": 1.0 }, { "start": 660.69, "end": 660.87, "word": " buy", "probability": 0.99853515625 }, { "start": 660.87, "end": 661.17, "word": " something", "probability": 1.0 }, { "start": 661.17, "end": 661.39, "word": " like", "probability": 0.99951171875 } ] }, { "start": 661.39, "end": 667.99, "text": "gold so i i think as a gold holder i certainly would wouldn't mind that day um same thing for", "avg_logprob": -0.06364239168898114, "no_speech_prob": 0.0, "words": [ { "start": 661.39, "end": 661.67, "word": " gold", "probability": 0.998046875 }, { "start": 661.67, "end": 662.27, "word": " so", "probability": 0.99853515625 }, { "start": 662.27, "end": 662.49, "word": " i", "probability": 0.92919921875 }, { "start": 662.49, "end": 662.69, "word": " i", "probability": 0.6650390625 }, { "start": 662.69, "end": 662.77, "word": " think", "probability": 1.0 }, { "start": 662.77, "end": 662.93, "word": " as", "probability": 1.0 }, { "start": 662.93, "end": 663.01, "word": " a", "probability": 0.9990234375 }, { "start": 663.01, "end": 663.21, "word": " gold", "probability": 0.9951171875 }, { "start": 663.21, "end": 663.55, "word": " holder", "probability": 0.99951171875 }, { "start": 663.55, "end": 663.69, "word": " i", "probability": 1.0 }, { "start": 663.69, "end": 663.97, "word": " certainly", "probability": 0.99169921875 }, { "start": 663.97, "end": 664.23, "word": " would", "probability": 0.97998046875 }, { "start": 664.23, "end": 665.13, "word": " wouldn't", "probability": 0.99951171875 }, { "start": 665.13, "end": 665.37, "word": " mind", "probability": 0.99853515625 }, { "start": 665.37, "end": 665.61, "word": " that", "probability": 1.0 }, { "start": 665.61, "end": 665.89, "word": " day", "probability": 0.99853515625 }, { "start": 665.89, "end": 666.69, "word": " um", "probability": 0.9912109375 }, { "start": 666.69, "end": 667.67, "word": " same", "probability": 0.998046875 }, { "start": 667.67, "end": 667.83, "word": " thing", "probability": 1.0 }, { "start": 667.83, "end": 667.99, "word": " for", "probability": 1.0 } ] }, { "start": 667.99, "end": 672.63, "text": "equity holders or bitcoin holders or you kind of scarce asset holders in general probably would", "avg_logprob": -0.06364239168898114, "no_speech_prob": 0.0, "words": [ { "start": 667.99, "end": 668.29, "word": " equity", "probability": 1.0 }, { "start": 668.29, "end": 668.67, "word": " holders", "probability": 0.99951171875 }, { "start": 668.67, "end": 668.99, "word": " or", "probability": 1.0 }, { "start": 668.99, "end": 669.31, "word": " bitcoin", "probability": 0.9951171875 }, { "start": 669.31, "end": 669.75, "word": " holders", "probability": 0.99853515625 }, { "start": 669.75, "end": 669.97, "word": " or", "probability": 0.97998046875 }, { "start": 669.97, "end": 670.41, "word": " you", "probability": 0.79296875 }, { "start": 670.41, "end": 670.59, "word": " kind", "probability": 0.884765625 }, { "start": 670.59, "end": 670.69, "word": " of", "probability": 1.0 }, { "start": 670.69, "end": 670.99, "word": " scarce", "probability": 0.98681640625 }, { "start": 670.99, "end": 671.41, "word": " asset", "probability": 0.9990234375 }, { "start": 671.41, "end": 671.69, "word": " holders", "probability": 0.99755859375 }, { "start": 671.69, "end": 671.85, "word": " in", "probability": 1.0 }, { "start": 671.85, "end": 672.09, "word": " general", "probability": 0.99853515625 }, { "start": 672.09, "end": 672.41, "word": " probably", "probability": 0.998046875 }, { "start": 672.41, "end": 672.63, "word": " would", "probability": 1.0 } ] }, { "start": 672.63, "end": 680.21, "text": "find that day interesting uh but because you're creating more fiat uh that is spendable without", "avg_logprob": -0.06553357728618256, "no_speech_prob": 0.0, "words": [ { "start": 672.63, "end": 673.29, "word": " find", "probability": 0.9794921875 }, { "start": 673.29, "end": 673.53, "word": " that", "probability": 1.0 }, { "start": 673.53, "end": 673.75, "word": " day", "probability": 0.99951171875 }, { "start": 673.75, "end": 674.09, "word": " interesting", "probability": 0.9912109375 }, { "start": 674.09, "end": 674.87, "word": " uh", "probability": 0.263671875 }, { "start": 674.87, "end": 676.17, "word": " but", "probability": 1.0 }, { "start": 676.17, "end": 676.77, "word": " because", "probability": 1.0 }, { "start": 676.77, "end": 677.07, "word": " you're", "probability": 1.0 }, { "start": 677.07, "end": 677.41, "word": " creating", "probability": 1.0 }, { "start": 677.41, "end": 677.71, "word": " more", "probability": 1.0 }, { "start": 677.71, "end": 678.15, "word": " fiat", "probability": 1.0 }, { "start": 678.15, "end": 678.89, "word": " uh", "probability": 0.98681640625 }, { "start": 678.89, "end": 679.25, "word": " that", "probability": 1.0 }, { "start": 679.25, "end": 679.39, "word": " is", "probability": 1.0 }, { "start": 679.39, "end": 679.93, "word": " spendable", "probability": 0.99951171875 }, { "start": 679.93, "end": 680.21, "word": " without", "probability": 1.0 } ] }, { "start": 680.21, "end": 687.81, "text": "debt issuance uh you are you know that that is like a surge for uh inflation to some extent or", "avg_logprob": -0.06553357728618256, "no_speech_prob": 0.0, "words": [ { "start": 680.21, "end": 680.57, "word": " debt", "probability": 0.99951171875 }, { "start": 680.57, "end": 681.09, "word": " issuance", "probability": 0.9998372395833334 }, { "start": 681.09, "end": 681.79, "word": " uh", "probability": 0.9990234375 }, { "start": 681.79, "end": 682.15, "word": " you", "probability": 1.0 }, { "start": 682.15, "end": 682.53, "word": " are", "probability": 0.99853515625 }, { "start": 682.53, "end": 683.13, "word": " you", "probability": 1.0 }, { "start": 683.13, "end": 683.21, "word": " know", "probability": 0.99853515625 }, { "start": 683.21, "end": 683.37, "word": " that", "probability": 1.0 }, { "start": 683.37, "end": 683.53, "word": " that", "probability": 0.99755859375 }, { "start": 683.53, "end": 683.67, "word": " is", "probability": 1.0 }, { "start": 683.67, "end": 683.79, "word": " like", "probability": 0.99169921875 }, { "start": 683.79, "end": 683.91, "word": " a", "probability": 1.0 }, { "start": 683.91, "end": 684.63, "word": " surge", "probability": 0.98828125 }, { "start": 684.63, "end": 685.33, "word": " for", "probability": 1.0 }, { "start": 685.33, "end": 686.25, "word": " uh", "probability": 0.97265625 }, { "start": 686.25, "end": 686.87, "word": " inflation", "probability": 0.99951171875 }, { "start": 686.87, "end": 687.19, "word": " to", "probability": 1.0 }, { "start": 687.19, "end": 687.37, "word": " some", "probability": 0.99951171875 }, { "start": 687.37, "end": 687.59, "word": " extent", "probability": 0.9990234375 }, { "start": 687.59, "end": 687.81, "word": " or", "probability": 0.98974609375 } ] }, { "start": 687.81, "end": 693.05, "text": "it's a surge in money creation it'd be comparable to some of the post-covid or during covid stimulus", "avg_logprob": -0.06553357728618256, "no_speech_prob": 0.0, "words": [ { "start": 687.81, "end": 688.03, "word": " it's", "probability": 0.999755859375 }, { "start": 688.03, "end": 688.11, "word": " a", "probability": 0.9990234375 }, { "start": 688.11, "end": 688.37, "word": " surge", "probability": 0.99853515625 }, { "start": 688.37, "end": 688.51, "word": " in", "probability": 1.0 }, { "start": 688.51, "end": 688.69, "word": " money", "probability": 0.99951171875 }, { "start": 688.69, "end": 689.11, "word": " creation", "probability": 1.0 }, { "start": 689.11, "end": 689.71, "word": " it'd", "probability": 0.999755859375 }, { "start": 689.71, "end": 689.77, "word": " be", "probability": 0.99951171875 }, { "start": 689.77, "end": 690.27, "word": " comparable", "probability": 0.99951171875 }, { "start": 690.27, "end": 690.61, "word": " to", "probability": 1.0 }, { "start": 690.61, "end": 690.87, "word": " some", "probability": 1.0 }, { "start": 690.87, "end": 690.99, "word": " of", "probability": 1.0 }, { "start": 690.99, "end": 691.11, "word": " the", "probability": 0.998046875 }, { "start": 691.11, "end": 691.51, "word": " post", "probability": 1.0 }, { "start": 691.51, "end": 691.85, "word": "-covid", "probability": 0.8269856770833334 }, { "start": 691.85, "end": 691.99, "word": " or", "probability": 0.9990234375 }, { "start": 691.99, "end": 692.29, "word": " during", "probability": 0.98486328125 }, { "start": 692.29, "end": 692.59, "word": " covid", "probability": 0.34521484375 }, { "start": 692.59, "end": 693.05, "word": " stimulus", "probability": 0.99853515625 } ] }, { "start": 693.05, "end": 699.25, "text": "that they did uh and of course it depends on magnitude where uh it can feel good in the moment", "avg_logprob": -0.06553357728618256, "no_speech_prob": 0.0, "words": [ { "start": 693.05, "end": 693.21, "word": " that", "probability": 1.0 }, { "start": 693.21, "end": 693.31, "word": " they", "probability": 0.99755859375 }, { "start": 693.31, "end": 693.57, "word": " did", "probability": 0.99951171875 }, { "start": 693.57, "end": 694.49, "word": " uh", "probability": 0.689453125 }, { "start": 694.49, "end": 694.93, "word": " and", "probability": 0.99951171875 }, { "start": 694.93, "end": 695.09, "word": " of", "probability": 1.0 }, { "start": 695.09, "end": 695.17, "word": " course", "probability": 0.99951171875 }, { "start": 695.17, "end": 695.29, "word": " it", "probability": 0.99951171875 }, { "start": 695.29, "end": 695.53, "word": " depends", "probability": 0.99853515625 }, { "start": 695.53, "end": 695.69, "word": " on", "probability": 1.0 }, { "start": 695.69, "end": 696.17, "word": " magnitude", "probability": 0.9990234375 }, { "start": 696.17, "end": 697.17, "word": " where", "probability": 1.0 }, { "start": 697.17, "end": 697.89, "word": " uh", "probability": 0.95654296875 }, { "start": 697.89, "end": 698.13, "word": " it", "probability": 1.0 }, { "start": 698.13, "end": 698.25, "word": " can", "probability": 1.0 }, { "start": 698.25, "end": 698.51, "word": " feel", "probability": 1.0 }, { "start": 698.51, "end": 698.73, "word": " good", "probability": 1.0 }, { "start": 698.73, "end": 698.85, "word": " in", "probability": 0.93505859375 }, { "start": 698.85, "end": 698.93, "word": " the", "probability": 0.99951171875 }, { "start": 698.93, "end": 699.25, "word": " moment", "probability": 0.99951171875 } ] }, { "start": 700.55, "end": 706.67, "text": "but then your wages have trouble keeping up years later. So in general, that would be", "avg_logprob": -0.06598395068903228, "no_speech_prob": 0.0, "words": [ { "start": 700.55, "end": 701.07, "word": " but", "probability": 0.256103515625 }, { "start": 701.07, "end": 701.25, "word": " then", "probability": 1.0 }, { "start": 701.25, "end": 701.47, "word": " your", "probability": 0.99951171875 }, { "start": 701.47, "end": 701.81, "word": " wages", "probability": 1.0 }, { "start": 701.81, "end": 702.09, "word": " have", "probability": 1.0 }, { "start": 702.09, "end": 702.37, "word": " trouble", "probability": 1.0 }, { "start": 702.37, "end": 702.65, "word": " keeping", "probability": 1.0 }, { "start": 702.65, "end": 703.03, "word": " up", "probability": 1.0 }, { "start": 703.03, "end": 703.63, "word": " years", "probability": 0.9990234375 }, { "start": 703.63, "end": 704.01, "word": " later.", "probability": 1.0 }, { "start": 704.61, "end": 705.13, "word": " So", "probability": 0.841796875 }, { "start": 705.13, "end": 705.69, "word": " in", "probability": 0.92822265625 }, { "start": 705.69, "end": 706.01, "word": " general,", "probability": 1.0 }, { "start": 706.07, "end": 706.23, "word": " that", "probability": 1.0 }, { "start": 706.23, "end": 706.39, "word": " would", "probability": 1.0 }, { "start": 706.39, "end": 706.67, "word": " be", "probability": 1.0 } ] }, { "start": 706.67, "end": 712.27, "text": "probably good for asset holders and probably bad for wage holders, but that has to be tied with", "avg_logprob": -0.06598395068903228, "no_speech_prob": 0.0, "words": [ { "start": 706.67, "end": 707.39, "word": " probably", "probability": 0.99951171875 }, { "start": 707.39, "end": 707.57, "word": " good", "probability": 1.0 }, { "start": 707.57, "end": 707.73, "word": " for", "probability": 1.0 }, { "start": 707.73, "end": 708.03, "word": " asset", "probability": 0.99951171875 }, { "start": 708.03, "end": 708.45, "word": " holders", "probability": 0.9990234375 }, { "start": 708.45, "end": 708.69, "word": " and", "probability": 0.994140625 }, { "start": 708.69, "end": 709.03, "word": " probably", "probability": 1.0 }, { "start": 709.03, "end": 709.29, "word": " bad", "probability": 1.0 }, { "start": 709.29, "end": 709.49, "word": " for", "probability": 1.0 }, { "start": 709.49, "end": 709.77, "word": " wage", "probability": 1.0 }, { "start": 709.77, "end": 710.11, "word": " holders,", "probability": 0.998046875 }, { "start": 710.11, "end": 710.95, "word": " but", "probability": 1.0 }, { "start": 710.95, "end": 711.35, "word": " that", "probability": 1.0 }, { "start": 711.35, "end": 711.57, "word": " has", "probability": 1.0 }, { "start": 711.57, "end": 711.63, "word": " to", "probability": 1.0 }, { "start": 711.63, "end": 711.73, "word": " be", "probability": 1.0 }, { "start": 711.73, "end": 712.01, "word": " tied", "probability": 0.99951171875 }, { "start": 712.01, "end": 712.27, "word": " with", "probability": 1.0 } ] }, { "start": 712.27, "end": 715.97, "text": "what they're doing in terms of fiscal policy. For example, if they're doing policies that are", "avg_logprob": -0.06598395068903228, "no_speech_prob": 0.0, "words": [ { "start": 712.27, "end": 712.59, "word": " what", "probability": 1.0 }, { "start": 712.59, "end": 712.75, "word": " they're", "probability": 0.999755859375 }, { "start": 712.75, "end": 712.93, "word": " doing", "probability": 0.99755859375 }, { "start": 712.93, "end": 713.19, "word": " in", "probability": 1.0 }, { "start": 713.19, "end": 713.37, "word": " terms", "probability": 1.0 }, { "start": 713.37, "end": 713.49, "word": " of", "probability": 1.0 }, { "start": 713.49, "end": 713.71, "word": " fiscal", "probability": 0.9990234375 }, { "start": 713.71, "end": 714.21, "word": " policy.", "probability": 1.0 }, { "start": 714.37, "end": 714.47, "word": " For", "probability": 0.9990234375 }, { "start": 714.47, "end": 714.67, "word": " example,", "probability": 1.0 }, { "start": 714.79, "end": 714.89, "word": " if", "probability": 0.99951171875 }, { "start": 714.89, "end": 714.97, "word": " they're", "probability": 1.0 }, { "start": 714.97, "end": 715.11, "word": " doing", "probability": 0.99951171875 }, { "start": 715.11, "end": 715.61, "word": " policies", "probability": 1.0 }, { "start": 715.61, "end": 715.87, "word": " that", "probability": 1.0 }, { "start": 715.87, "end": 715.97, "word": " are", "probability": 1.0 } ] }, { "start": 715.97, "end": 720.85, "text": "beneficial to wage earners, then you could offset that in theory. So it's kind of the", "avg_logprob": -0.06598395068903228, "no_speech_prob": 0.0, "words": [ { "start": 715.97, "end": 716.43, "word": " beneficial", "probability": 1.0 }, { "start": 716.43, "end": 716.71, "word": " to", "probability": 1.0 }, { "start": 716.71, "end": 717.23, "word": " wage", "probability": 0.9755859375 }, { "start": 717.23, "end": 717.65, "word": " earners,", "probability": 0.99951171875 }, { "start": 718.09, "end": 718.17, "word": " then", "probability": 0.99951171875 }, { "start": 718.17, "end": 718.31, "word": " you", "probability": 1.0 }, { "start": 718.31, "end": 718.49, "word": " could", "probability": 1.0 }, { "start": 718.49, "end": 718.81, "word": " offset", "probability": 0.9990234375 }, { "start": 718.81, "end": 719.09, "word": " that", "probability": 1.0 }, { "start": 719.09, "end": 719.23, "word": " in", "probability": 0.99658203125 }, { "start": 719.23, "end": 719.51, "word": " theory.", "probability": 1.0 }, { "start": 719.69, "end": 719.77, "word": " So", "probability": 0.9873046875 }, { "start": 719.77, "end": 720.49, "word": " it's", "probability": 0.992919921875 }, { "start": 720.49, "end": 720.61, "word": " kind", "probability": 0.98583984375 }, { "start": 720.61, "end": 720.69, "word": " of", "probability": 1.0 }, { "start": 720.69, "end": 720.85, "word": " the", "probability": 1.0 } ] }, { "start": 720.85, "end": 727.55, "text": "full mix of policies rather than any one policy. Yeah. And again, I'm going to venture a guess", "avg_logprob": -0.06598395068903228, "no_speech_prob": 0.0, "words": [ { "start": 720.85, "end": 721.61, "word": " full", "probability": 0.9912109375 }, { "start": 721.61, "end": 721.97, "word": " mix", "probability": 1.0 }, { "start": 721.97, "end": 722.11, "word": " of", "probability": 1.0 }, { "start": 722.11, "end": 722.63, "word": " policies", "probability": 1.0 }, { "start": 722.63, "end": 722.97, "word": " rather", "probability": 0.9970703125 }, { "start": 722.97, "end": 723.11, "word": " than", "probability": 1.0 }, { "start": 723.11, "end": 723.23, "word": " any", "probability": 0.99951171875 }, { "start": 723.23, "end": 723.41, "word": " one", "probability": 1.0 }, { "start": 723.41, "end": 723.89, "word": " policy.", "probability": 1.0 }, { "start": 724.19, "end": 724.55, "word": " Yeah.", "probability": 0.98046875 }, { "start": 724.75, "end": 725.27, "word": " And", "probability": 0.99755859375 }, { "start": 725.27, "end": 725.85, "word": " again,", "probability": 0.95166015625 }, { "start": 725.93, "end": 726.55, "word": " I'm", "probability": 0.999755859375 }, { "start": 726.55, "end": 726.73, "word": " going", "probability": 0.8642578125 }, { "start": 726.73, "end": 726.85, "word": " to", "probability": 1.0 }, { "start": 726.85, "end": 727.17, "word": " venture", "probability": 1.0 }, { "start": 727.17, "end": 727.39, "word": " a", "probability": 0.99755859375 }, { "start": 727.39, "end": 727.55, "word": " guess", "probability": 0.9990234375 } ] }, { "start": 727.55, "end": 732.05, "text": "that that's where people get concerned, like how well has this been thought out? And are they using", "avg_logprob": -0.07357662594685815, "no_speech_prob": 0.0, "words": [ { "start": 727.55, "end": 727.73, "word": " that", "probability": 0.97607421875 }, { "start": 727.73, "end": 727.95, "word": " that's", "probability": 0.986328125 }, { "start": 727.95, "end": 728.07, "word": " where", "probability": 1.0 }, { "start": 728.07, "end": 728.31, "word": " people", "probability": 1.0 }, { "start": 728.31, "end": 728.49, "word": " get", "probability": 1.0 }, { "start": 728.49, "end": 728.91, "word": " concerned,", "probability": 0.99951171875 }, { "start": 729.09, "end": 729.19, "word": " like", "probability": 0.98876953125 }, { "start": 729.19, "end": 729.35, "word": " how", "probability": 0.95947265625 }, { "start": 729.35, "end": 729.73, "word": " well", "probability": 0.982421875 }, { "start": 729.73, "end": 729.97, "word": " has", "probability": 1.0 }, { "start": 729.97, "end": 730.11, "word": " this", "probability": 1.0 }, { "start": 730.11, "end": 730.27, "word": " been", "probability": 1.0 }, { "start": 730.27, "end": 730.55, "word": " thought", "probability": 0.99169921875 }, { "start": 730.55, "end": 730.91, "word": " out?", "probability": 0.99951171875 }, { "start": 731.07, "end": 731.33, "word": " And", "probability": 0.9912109375 }, { "start": 731.33, "end": 731.47, "word": " are", "probability": 1.0 }, { "start": 731.47, "end": 731.61, "word": " they", "probability": 1.0 }, { "start": 731.61, "end": 732.05, "word": " using", "probability": 1.0 } ] }, { "start": 732.05, "end": 736.49, "text": "that opportunity wisely since it's going to come with costs? I mean, I think that's where we have", "avg_logprob": -0.07357662594685815, "no_speech_prob": 0.0, "words": [ { "start": 732.05, "end": 732.33, "word": " that", "probability": 1.0 }, { "start": 732.33, "end": 732.89, "word": " opportunity", "probability": 1.0 }, { "start": 732.89, "end": 733.71, "word": " wisely", "probability": 0.99951171875 }, { "start": 733.71, "end": 734.13, "word": " since", "probability": 0.92529296875 }, { "start": 734.13, "end": 734.37, "word": " it's", "probability": 1.0 }, { "start": 734.37, "end": 734.45, "word": " going", "probability": 0.75439453125 }, { "start": 734.45, "end": 734.53, "word": " to", "probability": 1.0 }, { "start": 734.53, "end": 734.67, "word": " come", "probability": 1.0 }, { "start": 734.67, "end": 734.85, "word": " with", "probability": 1.0 }, { "start": 734.85, "end": 735.23, "word": " costs?", "probability": 0.728515625 }, { "start": 735.35, "end": 735.39, "word": " I", "probability": 0.99658203125 }, { "start": 735.39, "end": 735.39, "word": " mean,", "probability": 0.92919921875 }, { "start": 735.49, "end": 735.51, "word": " I", "probability": 0.9990234375 }, { "start": 735.51, "end": 735.61, "word": " think", "probability": 1.0 }, { "start": 735.61, "end": 735.87, "word": " that's", "probability": 1.0 }, { "start": 735.87, "end": 736.05, "word": " where", "probability": 0.99951171875 }, { "start": 736.05, "end": 736.27, "word": " we", "probability": 1.0 }, { "start": 736.27, "end": 736.49, "word": " have", "probability": 0.9677734375 } ] }, { "start": 736.49, "end": 742.33, "text": "to take a really hard look. When it comes to AI itself, another big risk I hear people talking", "avg_logprob": -0.07357662594685815, "no_speech_prob": 0.0, "words": [ { "start": 736.49, "end": 736.65, "word": " to", "probability": 1.0 }, { "start": 736.65, "end": 737.95, "word": " take", "probability": 0.8974609375 }, { "start": 737.95, "end": 738.09, "word": " a", "probability": 1.0 }, { "start": 738.09, "end": 738.27, "word": " really", "probability": 1.0 }, { "start": 738.27, "end": 738.47, "word": " hard", "probability": 1.0 }, { "start": 738.47, "end": 738.75, "word": " look.", "probability": 1.0 }, { "start": 739.17, "end": 739.53, "word": " When", "probability": 0.986328125 }, { "start": 739.53, "end": 739.65, "word": " it", "probability": 1.0 }, { "start": 739.65, "end": 739.85, "word": " comes", "probability": 1.0 }, { "start": 739.85, "end": 740.01, "word": " to", "probability": 1.0 }, { "start": 740.01, "end": 740.31, "word": " AI", "probability": 0.994140625 }, { "start": 740.31, "end": 740.71, "word": " itself,", "probability": 1.0 }, { "start": 740.87, "end": 741.03, "word": " another", "probability": 0.99951171875 }, { "start": 741.03, "end": 741.25, "word": " big", "probability": 1.0 }, { "start": 741.25, "end": 741.51, "word": " risk", "probability": 1.0 }, { "start": 741.51, "end": 741.65, "word": " I", "probability": 0.9990234375 }, { "start": 741.65, "end": 741.75, "word": " hear", "probability": 0.99853515625 }, { "start": 741.75, "end": 742.01, "word": " people", "probability": 1.0 }, { "start": 742.01, "end": 742.33, "word": " talking", "probability": 1.0 } ] }, { "start": 742.33, "end": 747.19, "text": "about is, and, you know, there are sort of pieces circulating on this, is that, you know, we're", "avg_logprob": -0.07357662594685815, "no_speech_prob": 0.0, "words": [ { "start": 742.33, "end": 742.63, "word": " about", "probability": 1.0 }, { "start": 742.63, "end": 742.91, "word": " is,", "probability": 0.9873046875 }, { "start": 743.03, "end": 743.75, "word": " and,", "probability": 0.99755859375 }, { "start": 743.75, "end": 743.99, "word": " you", "probability": 1.0 }, { "start": 743.99, "end": 744.01, "word": " know,", "probability": 1.0 }, { "start": 744.05, "end": 744.13, "word": " there", "probability": 0.99951171875 }, { "start": 744.13, "end": 744.25, "word": " are", "probability": 0.9833984375 }, { "start": 744.25, "end": 744.51, "word": " sort", "probability": 0.99853515625 }, { "start": 744.51, "end": 744.65, "word": " of", "probability": 0.99951171875 }, { "start": 744.65, "end": 744.97, "word": " pieces", "probability": 1.0 }, { "start": 744.97, "end": 745.49, "word": " circulating", "probability": 1.0 }, { "start": 745.49, "end": 745.77, "word": " on", "probability": 1.0 }, { "start": 745.77, "end": 746.01, "word": " this,", "probability": 0.99951171875 }, { "start": 746.13, "end": 746.21, "word": " is", "probability": 0.99951171875 }, { "start": 746.21, "end": 746.51, "word": " that,", "probability": 1.0 }, { "start": 746.59, "end": 746.95, "word": " you", "probability": 0.99951171875 }, { "start": 746.95, "end": 746.97, "word": " know,", "probability": 1.0 }, { "start": 747.03, "end": 747.19, "word": " we're", "probability": 0.999755859375 } ] }, { "start": 747.19, "end": 752.01, "text": "facing this, this reckoning coming. You mentioned before about the capital, you know, the inflationary", "avg_logprob": -0.07357662594685815, "no_speech_prob": 0.0, "words": [ { "start": 747.19, "end": 747.61, "word": " facing", "probability": 1.0 }, { "start": 747.61, "end": 748.01, "word": " this,", "probability": 1.0 }, { "start": 748.01, "end": 748.75, "word": " this", "probability": 0.998046875 }, { "start": 748.75, "end": 749.21, "word": " reckoning", "probability": 0.888427734375 }, { "start": 749.21, "end": 749.47, "word": " coming.", "probability": 0.99951171875 }, { "start": 749.61, "end": 749.69, "word": " You", "probability": 0.99951171875 }, { "start": 749.69, "end": 749.97, "word": " mentioned", "probability": 1.0 }, { "start": 749.97, "end": 750.27, "word": " before", "probability": 1.0 }, { "start": 750.27, "end": 750.45, "word": " about", "probability": 0.99951171875 }, { "start": 750.45, "end": 750.59, "word": " the", "probability": 1.0 }, { "start": 750.59, "end": 751.03, "word": " capital,", "probability": 0.99951171875 }, { "start": 751.23, "end": 751.27, "word": " you", "probability": 0.99609375 }, { "start": 751.27, "end": 751.31, "word": " know,", "probability": 0.99951171875 }, { "start": 751.35, "end": 751.41, "word": " the", "probability": 0.998046875 }, { "start": 751.41, "end": 752.01, "word": " inflationary", "probability": 0.999755859375 } ] }, { "start": 752.01, "end": 756.17, "text": "impact of all of the capital that's being spent in the build out and the data centers. And there's", "avg_logprob": -0.07357662594685815, "no_speech_prob": 0.0, "words": [ { "start": 752.01, "end": 752.31, "word": " impact", "probability": 1.0 }, { "start": 752.31, "end": 752.53, "word": " of", "probability": 1.0 }, { "start": 752.53, "end": 752.69, "word": " all", "probability": 0.99951171875 }, { "start": 752.69, "end": 752.81, "word": " of", "probability": 0.9990234375 }, { "start": 752.81, "end": 752.91, "word": " the", "probability": 1.0 }, { "start": 752.91, "end": 753.23, "word": " capital", "probability": 0.99951171875 }, { "start": 753.23, "end": 753.55, "word": " that's", "probability": 1.0 }, { "start": 753.55, "end": 753.73, "word": " being", "probability": 0.99951171875 }, { "start": 753.73, "end": 754.03, "word": " spent", "probability": 1.0 }, { "start": 754.03, "end": 754.17, "word": " in", "probability": 0.99658203125 }, { "start": 754.17, "end": 754.27, "word": " the", "probability": 1.0 }, { "start": 754.27, "end": 754.49, "word": " build", "probability": 0.998046875 }, { "start": 754.49, "end": 754.67, "word": " out", "probability": 0.6611328125 }, { "start": 754.67, "end": 754.81, "word": " and", "probability": 0.5439453125 }, { "start": 754.81, "end": 754.87, "word": " the", "probability": 0.9677734375 }, { "start": 754.87, "end": 755.05, "word": " data", "probability": 0.9990234375 }, { "start": 755.05, "end": 755.43, "word": " centers.", "probability": 0.998046875 }, { "start": 755.55, "end": 755.61, "word": " And", "probability": 0.99755859375 }, { "start": 755.61, "end": 756.17, "word": " there's", "probability": 0.999755859375 } ] }, { "start": 756.17, "end": 762.21, "text": "a lot of concern that there's going to be a reckoning when it comes to the way the AI companies", "avg_logprob": -0.0714588972699383, "no_speech_prob": 0.0, "words": [ { "start": 756.17, "end": 756.27, "word": " a", "probability": 0.8408203125 }, { "start": 756.27, "end": 756.35, "word": " lot", "probability": 1.0 }, { "start": 756.35, "end": 756.43, "word": " of", "probability": 1.0 }, { "start": 756.43, "end": 756.89, "word": " concern", "probability": 0.99951171875 }, { "start": 756.89, "end": 757.39, "word": " that", "probability": 0.9990234375 }, { "start": 757.39, "end": 759.89, "word": " there's", "probability": 0.953125 }, { "start": 759.89, "end": 759.99, "word": " going", "probability": 0.99462890625 }, { "start": 759.99, "end": 760.03, "word": " to", "probability": 1.0 }, { "start": 760.03, "end": 760.09, "word": " be", "probability": 1.0 }, { "start": 760.09, "end": 760.19, "word": " a", "probability": 1.0 }, { "start": 760.19, "end": 760.59, "word": " reckoning", "probability": 1.0 }, { "start": 760.59, "end": 760.81, "word": " when", "probability": 1.0 }, { "start": 760.81, "end": 760.89, "word": " it", "probability": 1.0 }, { "start": 760.89, "end": 761.11, "word": " comes", "probability": 1.0 }, { "start": 761.11, "end": 761.21, "word": " to", "probability": 0.984375 }, { "start": 761.21, "end": 761.33, "word": " the", "probability": 0.9970703125 }, { "start": 761.33, "end": 761.35, "word": " way", "probability": 0.9931640625 }, { "start": 761.35, "end": 761.55, "word": " the", "probability": 0.9951171875 }, { "start": 761.55, "end": 761.81, "word": " AI", "probability": 0.97021484375 }, { "start": 761.81, "end": 762.21, "word": " companies", "probability": 1.0 } ] }, { "start": 762.21, "end": 767.45, "text": "have accounted for sales and that some of the obligations, the economic obligations that are", "avg_logprob": -0.0714588972699383, "no_speech_prob": 0.0, "words": [ { "start": 762.21, "end": 762.37, "word": " have", "probability": 1.0 }, { "start": 762.37, "end": 762.83, "word": " accounted", "probability": 0.99951171875 }, { "start": 762.83, "end": 763.13, "word": " for", "probability": 1.0 }, { "start": 763.13, "end": 763.75, "word": " sales", "probability": 0.9990234375 }, { "start": 763.75, "end": 764.15, "word": " and", "probability": 0.8427734375 }, { "start": 764.15, "end": 764.41, "word": " that", "probability": 0.9990234375 }, { "start": 764.41, "end": 764.91, "word": " some", "probability": 1.0 }, { "start": 764.91, "end": 765.03, "word": " of", "probability": 1.0 }, { "start": 765.03, "end": 765.17, "word": " the", "probability": 1.0 }, { "start": 765.17, "end": 765.85, "word": " obligations,", "probability": 0.8505859375 }, { "start": 766.05, "end": 766.09, "word": " the", "probability": 0.99951171875 }, { "start": 766.09, "end": 766.39, "word": " economic", "probability": 0.9990234375 }, { "start": 766.39, "end": 767.13, "word": " obligations", "probability": 1.0 }, { "start": 767.13, "end": 767.35, "word": " that", "probability": 0.98876953125 }, { "start": 767.35, "end": 767.45, "word": " are", "probability": 1.0 } ] }, { "start": 767.45, "end": 774.09, "text": "not showing up as debt, but they're kind of these contractual obligations, sort of the outstanding", "avg_logprob": -0.0714588972699383, "no_speech_prob": 0.0, "words": [ { "start": 767.45, "end": 767.65, "word": " not", "probability": 1.0 }, { "start": 767.65, "end": 767.89, "word": " showing", "probability": 1.0 }, { "start": 767.89, "end": 768.05, "word": " up", "probability": 1.0 }, { "start": 768.05, "end": 768.19, "word": " as", "probability": 0.99853515625 }, { "start": 768.19, "end": 768.61, "word": " debt,", "probability": 0.99951171875 }, { "start": 768.79, "end": 769.03, "word": " but", "probability": 1.0 }, { "start": 769.03, "end": 769.23, "word": " they're", "probability": 0.984130859375 }, { "start": 769.23, "end": 769.33, "word": " kind", "probability": 0.90869140625 }, { "start": 769.33, "end": 769.43, "word": " of", "probability": 0.99951171875 }, { "start": 769.43, "end": 769.63, "word": " these", "probability": 0.99462890625 }, { "start": 769.63, "end": 770.23, "word": " contractual", "probability": 0.998779296875 }, { "start": 770.23, "end": 771.03, "word": " obligations,", "probability": 1.0 }, { "start": 771.77, "end": 772.75, "word": " sort", "probability": 0.92138671875 }, { "start": 772.75, "end": 772.89, "word": " of", "probability": 1.0 }, { "start": 772.89, "end": 773.41, "word": " the", "probability": 0.99853515625 }, { "start": 773.41, "end": 774.09, "word": " outstanding", "probability": 0.99951171875 } ] }, { "start": 775.85, "end": 781.21, "text": "rival or are greater than subprime crisis, that there's this reset, except it's not mortgages,", "avg_logprob": -0.0714588972699383, "no_speech_prob": 0.0, "words": [ { "start": 775.85, "end": 776.29, "word": " rival", "probability": 0.998046875 }, { "start": 776.29, "end": 776.69, "word": " or", "probability": 0.966796875 }, { "start": 776.69, "end": 777.01, "word": " are", "probability": 0.77294921875 }, { "start": 777.01, "end": 777.31, "word": " greater", "probability": 1.0 }, { "start": 777.31, "end": 777.55, "word": " than", "probability": 1.0 }, { "start": 777.55, "end": 778.19, "word": " subprime", "probability": 0.9152018229166666 }, { "start": 778.19, "end": 778.61, "word": " crisis,", "probability": 0.9990234375 }, { "start": 778.81, "end": 778.91, "word": " that", "probability": 1.0 }, { "start": 778.91, "end": 779.17, "word": " there's", "probability": 0.9990234375 }, { "start": 779.17, "end": 779.35, "word": " this", "probability": 1.0 }, { "start": 779.35, "end": 779.85, "word": " reset,", "probability": 1.0 }, { "start": 780.03, "end": 780.25, "word": " except", "probability": 1.0 }, { "start": 780.25, "end": 780.49, "word": " it's", "probability": 1.0 }, { "start": 780.49, "end": 780.63, "word": " not", "probability": 1.0 }, { "start": 780.63, "end": 781.21, "word": " mortgages,", "probability": 0.9996744791666666 } ] }, { "start": 781.21, "end": 784.01, "text": "It's these contracts when it actually comes to delivery.", "avg_logprob": -0.18477637997461022, "no_speech_prob": 0.0, "words": [ { "start": 781.21, "end": 781.75, "word": " It's", "probability": 0.8388671875 }, { "start": 781.75, "end": 781.89, "word": " these", "probability": 0.9853515625 }, { "start": 781.89, "end": 782.45, "word": " contracts", "probability": 1.0 }, { "start": 782.45, "end": 782.67, "word": " when", "probability": 0.9462890625 }, { "start": 782.67, "end": 782.77, "word": " it", "probability": 1.0 }, { "start": 782.77, "end": 783.05, "word": " actually", "probability": 1.0 }, { "start": 783.05, "end": 783.37, "word": " comes", "probability": 1.0 }, { "start": 783.37, "end": 783.55, "word": " to", "probability": 1.0 }, { "start": 783.55, "end": 784.01, "word": " delivery.", "probability": 1.0 } ] }, { "start": 784.43, "end": 789.21, "text": "Is that something that you are concerned about in terms of systemic risk?", "avg_logprob": -0.18477637997461022, "no_speech_prob": 0.0, "words": [ { "start": 784.43, "end": 784.93, "word": " Is", "probability": 1.0 }, { "start": 784.93, "end": 785.27, "word": " that", "probability": 1.0 }, { "start": 785.27, "end": 785.69, "word": " something", "probability": 1.0 }, { "start": 785.69, "end": 785.91, "word": " that", "probability": 1.0 }, { "start": 785.91, "end": 786.03, "word": " you", "probability": 0.99658203125 }, { "start": 786.03, "end": 786.47, "word": " are", "probability": 0.5771484375 }, { "start": 786.47, "end": 787.67, "word": " concerned", "probability": 1.0 }, { "start": 787.67, "end": 787.83, "word": " about", "probability": 1.0 }, { "start": 787.83, "end": 787.95, "word": " in", "probability": 0.99658203125 }, { "start": 787.95, "end": 788.15, "word": " terms", "probability": 1.0 }, { "start": 788.15, "end": 788.29, "word": " of", "probability": 1.0 }, { "start": 788.29, "end": 788.73, "word": " systemic", "probability": 0.623046875 }, { "start": 788.73, "end": 789.21, "word": " risk?", "probability": 1.0 } ] }, { "start": 789.65, "end": 791.17, "text": "Longer term, potentially.", "avg_logprob": -0.18477637997461022, "no_speech_prob": 0.0, "words": [ { "start": 789.65, "end": 790.15, "word": " Longer", "probability": 0.998046875 }, { "start": 790.15, "end": 790.53, "word": " term,", "probability": 0.96923828125 }, { "start": 790.65, "end": 791.17, "word": " potentially.", "probability": 1.0 } ] }, { "start": 791.17, "end": 792.69, "text": "I don't think we're there yet.", "avg_logprob": -0.18477637997461022, "no_speech_prob": 0.0, "words": [ { "start": 791.17, "end": 791.55, "word": " I", "probability": 1.0 }, { "start": 791.55, "end": 791.83, "word": " don't", "probability": 0.999755859375 }, { "start": 791.83, "end": 791.99, "word": " think", "probability": 1.0 }, { "start": 791.99, "end": 792.13, "word": " we're", "probability": 0.99951171875 }, { "start": 792.13, "end": 792.39, "word": " there", "probability": 1.0 }, { "start": 792.39, "end": 792.69, "word": " yet.", "probability": 1.0 } ] }, { "start": 793.15, "end": 795.49, "text": "I think the people are right to bring that up.", "avg_logprob": -0.18477637997461022, "no_speech_prob": 0.0, "words": [ { "start": 793.15, "end": 793.65, "word": " I", "probability": 0.99951171875 }, { "start": 793.65, "end": 793.93, "word": " think", "probability": 1.0 }, { "start": 793.93, "end": 794.05, "word": " the", "probability": 0.66796875 }, { "start": 794.05, "end": 794.25, "word": " people", "probability": 1.0 }, { "start": 794.25, "end": 794.39, "word": " are", "probability": 0.99169921875 }, { "start": 794.39, "end": 794.63, "word": " right", "probability": 0.99951171875 }, { "start": 794.63, "end": 794.85, "word": " to", "probability": 1.0 }, { "start": 794.85, "end": 795.11, "word": " bring", "probability": 1.0 }, { "start": 795.11, "end": 795.29, "word": " that", "probability": 1.0 }, { "start": 795.29, "end": 795.49, "word": " up.", "probability": 1.0 } ] }, { "start": 796.11, "end": 800.05, "text": "I just think we're still kind of in early to mid innings of this.", "avg_logprob": -0.18477637997461022, "no_speech_prob": 0.0, "words": [ { "start": 796.11, "end": 796.61, "word": " I", "probability": 1.0 }, { "start": 796.61, "end": 796.91, "word": " just", "probability": 0.99853515625 }, { "start": 796.91, "end": 797.05, "word": " think", "probability": 1.0 }, { "start": 797.05, "end": 797.21, "word": " we're", "probability": 1.0 }, { "start": 797.21, "end": 797.41, "word": " still", "probability": 1.0 }, { "start": 797.41, "end": 797.59, "word": " kind", "probability": 0.94873046875 }, { "start": 797.59, "end": 797.75, "word": " of", "probability": 1.0 }, { "start": 797.75, "end": 797.89, "word": " in", "probability": 1.0 }, { "start": 797.89, "end": 798.43, "word": " early", "probability": 0.9990234375 }, { "start": 798.43, "end": 798.57, "word": " to", "probability": 0.99853515625 }, { "start": 798.57, "end": 798.79, "word": " mid", "probability": 1.0 }, { "start": 798.79, "end": 799.23, "word": " innings", "probability": 0.83740234375 }, { "start": 799.23, "end": 799.71, "word": " of", "probability": 0.99951171875 }, { "start": 799.71, "end": 800.05, "word": " this.", "probability": 1.0 } ] }, { "start": 800.59, "end": 807.81, "text": "And generally speaking, things that are less so in the banking system tend to be less catastrophic than something like subprime.", "avg_logprob": -0.18477637997461022, "no_speech_prob": 0.0, "words": [ { "start": 800.59, "end": 800.93, "word": " And", "probability": 0.89111328125 }, { "start": 800.93, "end": 801.21, "word": " generally", "probability": 0.9990234375 }, { "start": 801.21, "end": 801.59, "word": " speaking,", "probability": 1.0 }, { "start": 801.79, "end": 802.01, "word": " things", "probability": 1.0 }, { "start": 802.01, "end": 802.19, "word": " that", "probability": 1.0 }, { "start": 802.19, "end": 802.75, "word": " are", "probability": 1.0 }, { "start": 802.75, "end": 803.97, "word": " less", "probability": 0.99267578125 }, { "start": 803.97, "end": 804.17, "word": " so", "probability": 0.99658203125 }, { "start": 804.17, "end": 804.25, "word": " in", "probability": 0.99951171875 }, { "start": 804.25, "end": 804.33, "word": " the", "probability": 1.0 }, { "start": 804.33, "end": 804.61, "word": " banking", "probability": 1.0 }, { "start": 804.61, "end": 805.03, "word": " system", "probability": 1.0 }, { "start": 805.03, "end": 805.25, "word": " tend", "probability": 0.99609375 }, { "start": 805.25, "end": 805.35, "word": " to", "probability": 1.0 }, { "start": 805.35, "end": 805.43, "word": " be", "probability": 1.0 }, { "start": 805.43, "end": 805.61, "word": " less", "probability": 1.0 }, { "start": 805.61, "end": 806.23, "word": " catastrophic", "probability": 1.0 }, { "start": 806.23, "end": 806.63, "word": " than", "probability": 0.99951171875 }, { "start": 806.63, "end": 806.99, "word": " something", "probability": 1.0 }, { "start": 806.99, "end": 807.19, "word": " like", "probability": 1.0 }, { "start": 807.19, "end": 807.81, "word": " subprime.", "probability": 0.9983723958333334 } ] }, { "start": 808.67, "end": 814.39, "text": "um uh and so i i wouldn't put it quite in that camp um but it is true that for example the", "avg_logprob": -0.02845737342967799, "no_speech_prob": 0.0, "words": [ { "start": 808.67, "end": 809.11, "word": " um", "probability": 0.01556396484375 }, { "start": 809.11, "end": 809.55, "word": " uh", "probability": 0.94580078125 }, { "start": 809.55, "end": 809.91, "word": " and", "probability": 0.998046875 }, { "start": 809.91, "end": 810.11, "word": " so", "probability": 1.0 }, { "start": 810.11, "end": 810.33, "word": " i", "probability": 0.9150390625 }, { "start": 810.33, "end": 810.45, "word": " i", "probability": 0.9013671875 }, { "start": 810.45, "end": 810.67, "word": " wouldn't", "probability": 1.0 }, { "start": 810.67, "end": 810.83, "word": " put", "probability": 1.0 }, { "start": 810.83, "end": 810.93, "word": " it", "probability": 1.0 }, { "start": 810.93, "end": 811.15, "word": " quite", "probability": 1.0 }, { "start": 811.15, "end": 811.33, "word": " in", "probability": 1.0 }, { "start": 811.33, "end": 811.53, "word": " that", "probability": 1.0 }, { "start": 811.53, "end": 811.85, "word": " camp", "probability": 1.0 }, { "start": 811.85, "end": 812.57, "word": " um", "probability": 0.9970703125 }, { "start": 812.57, "end": 813.21, "word": " but", "probability": 1.0 }, { "start": 813.21, "end": 813.31, "word": " it", "probability": 1.0 }, { "start": 813.31, "end": 813.45, "word": " is", "probability": 1.0 }, { "start": 813.45, "end": 813.69, "word": " true", "probability": 1.0 }, { "start": 813.69, "end": 813.89, "word": " that", "probability": 1.0 }, { "start": 813.89, "end": 814.03, "word": " for", "probability": 1.0 }, { "start": 814.03, "end": 814.23, "word": " example", "probability": 0.99755859375 }, { "start": 814.23, "end": 814.39, "word": " the", "probability": 0.99853515625 } ] }, { "start": 814.39, "end": 819.15, "text": "hyperscalers are taking on increasing lease obligations uh because if you're building a", "avg_logprob": -0.02845737342967799, "no_speech_prob": 0.0, "words": [ { "start": 814.39, "end": 815.03, "word": " hyperscalers", "probability": 0.99267578125 }, { "start": 815.03, "end": 815.33, "word": " are", "probability": 1.0 }, { "start": 815.33, "end": 815.79, "word": " taking", "probability": 0.974609375 }, { "start": 815.79, "end": 816.01, "word": " on", "probability": 1.0 }, { "start": 816.01, "end": 816.41, "word": " increasing", "probability": 0.9990234375 }, { "start": 816.41, "end": 816.75, "word": " lease", "probability": 1.0 }, { "start": 816.75, "end": 817.33, "word": " obligations", "probability": 0.998046875 }, { "start": 817.33, "end": 818.15, "word": " uh", "probability": 0.97509765625 }, { "start": 818.15, "end": 818.47, "word": " because", "probability": 1.0 }, { "start": 818.47, "end": 818.65, "word": " if", "probability": 1.0 }, { "start": 818.65, "end": 818.73, "word": " you're", "probability": 1.0 }, { "start": 818.73, "end": 818.95, "word": " building", "probability": 0.9970703125 }, { "start": 818.95, "end": 819.15, "word": " a", "probability": 0.86083984375 } ] }, { "start": 819.15, "end": 822.57, "text": "if you're doing all this capex for a data center you're looking for a client that's willing to", "avg_logprob": -0.02845737342967799, "no_speech_prob": 0.0, "words": [ { "start": 819.15, "end": 819.39, "word": " if", "probability": 1.0 }, { "start": 819.39, "end": 819.51, "word": " you're", "probability": 1.0 }, { "start": 819.51, "end": 819.61, "word": " doing", "probability": 0.9990234375 }, { "start": 819.61, "end": 819.73, "word": " all", "probability": 0.99951171875 }, { "start": 819.73, "end": 819.83, "word": " this", "probability": 0.97216796875 }, { "start": 819.83, "end": 820.11, "word": " capex", "probability": 0.904052734375 }, { "start": 820.11, "end": 820.33, "word": " for", "probability": 1.0 }, { "start": 820.33, "end": 820.45, "word": " a", "probability": 0.99951171875 }, { "start": 820.45, "end": 820.63, "word": " data", "probability": 0.99951171875 }, { "start": 820.63, "end": 820.91, "word": " center", "probability": 1.0 }, { "start": 820.91, "end": 821.13, "word": " you're", "probability": 1.0 }, { "start": 821.13, "end": 821.29, "word": " looking", "probability": 0.9990234375 }, { "start": 821.29, "end": 821.47, "word": " for", "probability": 1.0 }, { "start": 821.47, "end": 821.61, "word": " a", "probability": 1.0 }, { "start": 821.61, "end": 821.99, "word": " client", "probability": 0.99853515625 }, { "start": 821.99, "end": 822.29, "word": " that's", "probability": 1.0 }, { "start": 822.29, "end": 822.43, "word": " willing", "probability": 0.99853515625 }, { "start": 822.43, "end": 822.57, "word": " to", "probability": 1.0 } ] }, { "start": 822.57, "end": 829.79, "text": "sign you know a very long-term uh lease um uh and uh so that's all happening and then you have", "avg_logprob": -0.02845737342967799, "no_speech_prob": 0.0, "words": [ { "start": 822.57, "end": 822.91, "word": " sign", "probability": 0.9990234375 }, { "start": 822.91, "end": 823.13, "word": " you", "probability": 0.9912109375 }, { "start": 823.13, "end": 823.19, "word": " know", "probability": 0.99755859375 }, { "start": 823.19, "end": 823.33, "word": " a", "probability": 0.82861328125 }, { "start": 823.33, "end": 823.41, "word": " very", "probability": 0.99755859375 }, { "start": 823.41, "end": 823.71, "word": " long", "probability": 1.0 }, { "start": 823.71, "end": 824.05, "word": "-term", "probability": 0.965087890625 }, { "start": 824.05, "end": 824.55, "word": " uh", "probability": 0.7412109375 }, { "start": 824.55, "end": 824.99, "word": " lease", "probability": 0.9990234375 }, { "start": 824.99, "end": 825.89, "word": " um", "probability": 0.99755859375 }, { "start": 825.89, "end": 826.75, "word": " uh", "probability": 0.99365234375 }, { "start": 826.75, "end": 827.19, "word": " and", "probability": 1.0 }, { "start": 827.19, "end": 827.37, "word": " uh", "probability": 0.83935546875 }, { "start": 827.37, "end": 827.99, "word": " so", "probability": 1.0 }, { "start": 827.99, "end": 828.25, "word": " that's", "probability": 1.0 }, { "start": 828.25, "end": 828.37, "word": " all", "probability": 0.9990234375 }, { "start": 828.37, "end": 828.77, "word": " happening", "probability": 0.99951171875 }, { "start": 828.77, "end": 829.17, "word": " and", "probability": 1.0 }, { "start": 829.17, "end": 829.29, "word": " then", "probability": 1.0 }, { "start": 829.29, "end": 829.41, "word": " you", "probability": 1.0 }, { "start": 829.41, "end": 829.79, "word": " have", "probability": 0.99951171875 } ] }, { "start": 829.79, "end": 833.85, "text": "even some of the semiconductor companies have kind of incestuous financing where it's like", "avg_logprob": -0.02845737342967799, "no_speech_prob": 0.0, "words": [ { "start": 829.79, "end": 830.17, "word": " even", "probability": 0.99951171875 }, { "start": 830.17, "end": 830.35, "word": " some", "probability": 1.0 }, { "start": 830.35, "end": 830.43, "word": " of", "probability": 0.99755859375 }, { "start": 830.43, "end": 830.51, "word": " the", "probability": 0.9990234375 }, { "start": 830.51, "end": 830.93, "word": " semiconductor", "probability": 0.9990234375 }, { "start": 830.93, "end": 831.47, "word": " companies", "probability": 1.0 }, { "start": 831.47, "end": 831.75, "word": " have", "probability": 1.0 }, { "start": 831.75, "end": 831.93, "word": " kind", "probability": 0.99951171875 }, { "start": 831.93, "end": 832.05, "word": " of", "probability": 0.99951171875 }, { "start": 832.05, "end": 832.57, "word": " incestuous", "probability": 0.99951171875 }, { "start": 832.57, "end": 833.05, "word": " financing", "probability": 0.99951171875 }, { "start": 833.05, "end": 833.45, "word": " where", "probability": 1.0 }, { "start": 833.45, "end": 833.75, "word": " it's", "probability": 1.0 }, { "start": 833.75, "end": 833.85, "word": " like", "probability": 0.97314453125 } ] }, { "start": 833.85, "end": 840.15, "text": "vendor financing like they're they'll like help help funds be raised to build out data centers", "avg_logprob": -0.07559481576423753, "no_speech_prob": 0.0, "words": [ { "start": 833.85, "end": 834.09, "word": " vendor", "probability": 0.93408203125 }, { "start": 834.09, "end": 834.59, "word": " financing", "probability": 1.0 }, { "start": 834.59, "end": 834.79, "word": " like", "probability": 0.078369140625 }, { "start": 834.79, "end": 834.95, "word": " they're", "probability": 0.954833984375 }, { "start": 834.95, "end": 835.43, "word": " they'll", "probability": 0.99755859375 }, { "start": 835.43, "end": 835.71, "word": " like", "probability": 1.0 }, { "start": 835.71, "end": 836.51, "word": " help", "probability": 0.99951171875 }, { "start": 836.51, "end": 836.93, "word": " help", "probability": 0.99853515625 }, { "start": 836.93, "end": 837.55, "word": " funds", "probability": 0.99951171875 }, { "start": 837.55, "end": 837.75, "word": " be", "probability": 1.0 }, { "start": 837.75, "end": 838.31, "word": " raised", "probability": 1.0 }, { "start": 838.31, "end": 838.87, "word": " to", "probability": 1.0 }, { "start": 838.87, "end": 839.39, "word": " build", "probability": 1.0 }, { "start": 839.39, "end": 839.57, "word": " out", "probability": 0.99951171875 }, { "start": 839.57, "end": 839.83, "word": " data", "probability": 0.99951171875 }, { "start": 839.83, "end": 840.15, "word": " centers", "probability": 0.99951171875 } ] }, { "start": 840.15, "end": 846.47, "text": "and buy chips and they'll backstop some of that as the chip maker right so you you get kind of a", "avg_logprob": -0.07559481576423753, "no_speech_prob": 0.0, "words": [ { "start": 840.15, "end": 840.27, "word": " and", "probability": 1.0 }, { "start": 840.27, "end": 840.47, "word": " buy", "probability": 0.98779296875 }, { "start": 840.47, "end": 840.89, "word": " chips", "probability": 0.99951171875 }, { "start": 840.89, "end": 841.19, "word": " and", "probability": 0.99951171875 }, { "start": 841.19, "end": 841.35, "word": " they'll", "probability": 0.99951171875 }, { "start": 841.35, "end": 841.93, "word": " backstop", "probability": 0.990478515625 }, { "start": 841.93, "end": 842.25, "word": " some", "probability": 1.0 }, { "start": 842.25, "end": 842.37, "word": " of", "probability": 1.0 }, { "start": 842.37, "end": 842.69, "word": " that", "probability": 1.0 }, { "start": 842.69, "end": 843.33, "word": " as", "probability": 1.0 }, { "start": 843.33, "end": 843.51, "word": " the", "probability": 1.0 }, { "start": 843.51, "end": 843.87, "word": " chip", "probability": 1.0 }, { "start": 843.87, "end": 844.21, "word": " maker", "probability": 0.99755859375 }, { "start": 844.21, "end": 844.97, "word": " right", "probability": 0.9912109375 }, { "start": 844.97, "end": 845.31, "word": " so", "probability": 0.99609375 }, { "start": 845.31, "end": 845.59, "word": " you", "probability": 0.99951171875 }, { "start": 845.59, "end": 845.99, "word": " you", "probability": 0.94921875 }, { "start": 845.99, "end": 846.15, "word": " get", "probability": 0.99951171875 }, { "start": 846.15, "end": 846.29, "word": " kind", "probability": 1.0 }, { "start": 846.29, "end": 846.37, "word": " of", "probability": 0.99951171875 }, { "start": 846.37, "end": 846.47, "word": " a", "probability": 0.99853515625 } ] }, { "start": 846.47, "end": 852.67, "text": "circular um complexity there and then of course a lot of venture capital went into the the the", "avg_logprob": -0.07559481576423753, "no_speech_prob": 0.0, "words": [ { "start": 846.47, "end": 846.91, "word": " circular", "probability": 0.9619140625 }, { "start": 846.91, "end": 847.53, "word": " um", "probability": 0.91357421875 }, { "start": 847.53, "end": 848.31, "word": " complexity", "probability": 0.724609375 }, { "start": 848.31, "end": 848.63, "word": " there", "probability": 1.0 }, { "start": 848.63, "end": 849.05, "word": " and", "probability": 1.0 }, { "start": 849.05, "end": 849.15, "word": " then", "probability": 1.0 }, { "start": 849.15, "end": 849.31, "word": " of", "probability": 1.0 }, { "start": 849.31, "end": 849.43, "word": " course", "probability": 0.9990234375 }, { "start": 849.43, "end": 849.63, "word": " a", "probability": 1.0 }, { "start": 849.63, "end": 849.73, "word": " lot", "probability": 0.99951171875 }, { "start": 849.73, "end": 849.87, "word": " of", "probability": 0.99853515625 }, { "start": 849.87, "end": 850.15, "word": " venture", "probability": 0.9990234375 }, { "start": 850.15, "end": 850.53, "word": " capital", "probability": 1.0 }, { "start": 850.53, "end": 850.75, "word": " went", "probability": 0.99951171875 }, { "start": 850.75, "end": 851.05, "word": " into", "probability": 1.0 }, { "start": 851.05, "end": 851.69, "word": " the", "probability": 1.0 }, { "start": 851.69, "end": 851.99, "word": " the", "probability": 1.0 }, { "start": 851.99, "end": 852.67, "word": " the", "probability": 0.99169921875 } ] }, { "start": 852.67, "end": 859.05, "text": "the models themselves open ai anthropic and and they're being kind of chased by the open weight", "avg_logprob": -0.07559481576423753, "no_speech_prob": 0.0, "words": [ { "start": 852.67, "end": 852.87, "word": " the", "probability": 0.91552734375 }, { "start": 852.87, "end": 853.47, "word": " models", "probability": 0.8349609375 }, { "start": 853.47, "end": 853.93, "word": " themselves", "probability": 1.0 }, { "start": 853.93, "end": 854.31, "word": " open", "probability": 0.99755859375 }, { "start": 854.31, "end": 854.59, "word": " ai", "probability": 0.890625 }, { "start": 854.59, "end": 855.35, "word": " anthropic", "probability": 0.83740234375 }, { "start": 855.35, "end": 856.07, "word": " and", "probability": 1.0 }, { "start": 856.07, "end": 856.31, "word": " and", "probability": 1.0 }, { "start": 856.31, "end": 856.57, "word": " they're", "probability": 0.999755859375 }, { "start": 856.57, "end": 856.89, "word": " being", "probability": 1.0 }, { "start": 856.89, "end": 857.57, "word": " kind", "probability": 1.0 }, { "start": 857.57, "end": 857.73, "word": " of", "probability": 1.0 }, { "start": 857.73, "end": 858.17, "word": " chased", "probability": 1.0 }, { "start": 858.17, "end": 858.41, "word": " by", "probability": 1.0 }, { "start": 858.41, "end": 858.55, "word": " the", "probability": 1.0 }, { "start": 858.55, "end": 858.81, "word": " open", "probability": 1.0 }, { "start": 858.81, "end": 859.05, "word": " weight", "probability": 0.978515625 } ] }, { "start": 859.05, "end": 864.69, "text": "models uh it's very hard to justify a trillion or two trillion dollar valuation when you're", "avg_logprob": -0.0709845458948484, "no_speech_prob": 0.0, "words": [ { "start": 859.05, "end": 859.47, "word": " models", "probability": 0.958984375 }, { "start": 859.47, "end": 860.19, "word": " uh", "probability": 0.0753173828125 }, { "start": 860.19, "end": 860.47, "word": " it's", "probability": 0.999755859375 }, { "start": 860.47, "end": 860.59, "word": " very", "probability": 1.0 }, { "start": 860.59, "end": 860.87, "word": " hard", "probability": 1.0 }, { "start": 860.87, "end": 861.05, "word": " to", "probability": 1.0 }, { "start": 861.05, "end": 861.49, "word": " justify", "probability": 1.0 }, { "start": 861.49, "end": 861.77, "word": " a", "probability": 1.0 }, { "start": 861.77, "end": 862.07, "word": " trillion", "probability": 1.0 }, { "start": 862.07, "end": 862.21, "word": " or", "probability": 0.99951171875 }, { "start": 862.21, "end": 862.33, "word": " two", "probability": 0.99365234375 }, { "start": 862.33, "end": 862.55, "word": " trillion", "probability": 1.0 }, { "start": 862.55, "end": 862.71, "word": " dollar", "probability": 0.96875 }, { "start": 862.71, "end": 863.23, "word": " valuation", "probability": 0.92138671875 }, { "start": 863.23, "end": 864.23, "word": " when", "probability": 1.0 }, { "start": 864.23, "end": 864.69, "word": " you're", "probability": 1.0 } ] }, { "start": 864.69, "end": 870.19, "text": "aggressively unprofitable and you're only months ahead of of like your kind of your closest copiers", "avg_logprob": -0.0709845458948484, "no_speech_prob": 0.0, "words": [ { "start": 864.69, "end": 865.41, "word": " aggressively", "probability": 0.9951171875 }, { "start": 865.41, "end": 866.07, "word": " unprofitable", "probability": 0.9952799479166666 }, { "start": 866.07, "end": 866.37, "word": " and", "probability": 1.0 }, { "start": 866.37, "end": 866.55, "word": " you're", "probability": 0.99951171875 }, { "start": 866.55, "end": 866.71, "word": " only", "probability": 0.99951171875 }, { "start": 866.71, "end": 867.03, "word": " months", "probability": 1.0 }, { "start": 867.03, "end": 867.35, "word": " ahead", "probability": 1.0 }, { "start": 867.35, "end": 867.83, "word": " of", "probability": 1.0 }, { "start": 867.83, "end": 868.19, "word": " of", "probability": 0.62548828125 }, { "start": 868.19, "end": 868.31, "word": " like", "probability": 1.0 }, { "start": 868.31, "end": 868.45, "word": " your", "probability": 0.90966796875 }, { "start": 868.45, "end": 868.61, "word": " kind", "probability": 0.9970703125 }, { "start": 868.61, "end": 868.75, "word": " of", "probability": 0.99951171875 }, { "start": 868.75, "end": 869.29, "word": " your", "probability": 1.0 }, { "start": 869.29, "end": 869.67, "word": " closest", "probability": 1.0 }, { "start": 869.67, "end": 870.19, "word": " copiers", "probability": 0.996826171875 } ] }, { "start": 870.19, "end": 878.39, "text": "um uh and so i do think a lot of this will run into a pretty big drawdown at certain points um", "avg_logprob": -0.0709845458948484, "no_speech_prob": 0.0, "words": [ { "start": 870.19, "end": 871.09, "word": " um", "probability": 0.99365234375 }, { "start": 871.09, "end": 871.81, "word": " uh", "probability": 0.97412109375 }, { "start": 871.81, "end": 872.21, "word": " and", "probability": 1.0 }, { "start": 872.21, "end": 872.55, "word": " so", "probability": 1.0 }, { "start": 872.55, "end": 873.39, "word": " i", "probability": 0.8837890625 }, { "start": 873.39, "end": 873.55, "word": " do", "probability": 0.970703125 }, { "start": 873.55, "end": 873.77, "word": " think", "probability": 0.99951171875 }, { "start": 873.77, "end": 874.25, "word": " a", "probability": 1.0 }, { "start": 874.25, "end": 874.47, "word": " lot", "probability": 0.98095703125 }, { "start": 874.47, "end": 874.61, "word": " of", "probability": 0.99951171875 }, { "start": 874.61, "end": 874.75, "word": " this", "probability": 1.0 }, { "start": 874.75, "end": 874.89, "word": " will", "probability": 1.0 }, { "start": 874.89, "end": 875.11, "word": " run", "probability": 1.0 }, { "start": 875.11, "end": 875.29, "word": " into", "probability": 1.0 }, { "start": 875.29, "end": 875.41, "word": " a", "probability": 1.0 }, { "start": 875.41, "end": 875.57, "word": " pretty", "probability": 0.9970703125 }, { "start": 875.57, "end": 875.75, "word": " big", "probability": 1.0 }, { "start": 875.75, "end": 876.49, "word": " drawdown", "probability": 0.996826171875 }, { "start": 876.49, "end": 876.97, "word": " at", "probability": 1.0 }, { "start": 876.97, "end": 877.27, "word": " certain", "probability": 0.99951171875 }, { "start": 877.27, "end": 877.71, "word": " points", "probability": 0.99951171875 }, { "start": 877.71, "end": 878.39, "word": " um", "probability": 0.99609375 } ] }, { "start": 878.39, "end": 883.13, "text": "but i i think we're still we're still in the build-out phase we still have massive bottlenecks", "avg_logprob": -0.0709845458948484, "no_speech_prob": 0.0, "words": [ { "start": 878.39, "end": 879.01, "word": " but", "probability": 1.0 }, { "start": 879.01, "end": 879.13, "word": " i", "probability": 1.0 }, { "start": 879.13, "end": 879.45, "word": " i", "probability": 0.99462890625 }, { "start": 879.45, "end": 879.71, "word": " think", "probability": 1.0 }, { "start": 879.71, "end": 879.95, "word": " we're", "probability": 1.0 }, { "start": 879.95, "end": 880.21, "word": " still", "probability": 0.98681640625 }, { "start": 880.21, "end": 880.53, "word": " we're", "probability": 0.97119140625 }, { "start": 880.53, "end": 880.73, "word": " still", "probability": 0.99951171875 }, { "start": 880.73, "end": 880.91, "word": " in", "probability": 0.99951171875 }, { "start": 880.91, "end": 880.99, "word": " the", "probability": 0.998046875 }, { "start": 880.99, "end": 881.21, "word": " build", "probability": 0.99853515625 }, { "start": 881.21, "end": 881.35, "word": "-out", "probability": 0.8359375 }, { "start": 881.35, "end": 881.73, "word": " phase", "probability": 0.99951171875 }, { "start": 881.73, "end": 882.05, "word": " we", "probability": 0.9931640625 }, { "start": 882.05, "end": 882.23, "word": " still", "probability": 1.0 }, { "start": 882.23, "end": 882.33, "word": " have", "probability": 0.99951171875 }, { "start": 882.33, "end": 882.65, "word": " massive", "probability": 0.9990234375 }, { "start": 882.65, "end": 883.13, "word": " bottlenecks", "probability": 0.9990234375 } ] }, { "start": 883.13, "end": 883.93, "text": "and semi-connectors,", "avg_logprob": -0.14495968299527323, "no_speech_prob": 0.0, "words": [ { "start": 883.13, "end": 883.25, "word": " and", "probability": 0.947265625 }, { "start": 883.25, "end": 883.45, "word": " semi", "probability": 0.314453125 }, { "start": 883.45, "end": 883.93, "word": "-connectors,", "probability": 0.9669596354166666 } ] }, { "start": 885.21, "end": 888.29, "text": "we still have a key thing I watch", "avg_logprob": -0.14495968299527323, "no_speech_prob": 0.0, "words": [ { "start": 885.21, "end": 885.53, "word": " we", "probability": 0.465087890625 }, { "start": 885.53, "end": 885.77, "word": " still", "probability": 0.99951171875 }, { "start": 885.77, "end": 886.19, "word": " have", "probability": 1.0 }, { "start": 886.19, "end": 887.23, "word": " a", "probability": 0.48779296875 }, { "start": 887.23, "end": 887.57, "word": " key", "probability": 0.99951171875 }, { "start": 887.57, "end": 887.75, "word": " thing", "probability": 1.0 }, { "start": 887.75, "end": 887.87, "word": " I", "probability": 0.98974609375 }, { "start": 887.87, "end": 888.29, "word": " watch", "probability": 0.998046875 } ] }, { "start": 888.29, "end": 889.05, "text": "is just kind of like,", "avg_logprob": -0.14495968299527323, "no_speech_prob": 0.0, "words": [ { "start": 888.29, "end": 888.45, "word": " is", "probability": 0.9755859375 }, { "start": 888.45, "end": 888.61, "word": " just", "probability": 0.9970703125 }, { "start": 888.61, "end": 888.75, "word": " kind", "probability": 0.970703125 }, { "start": 888.75, "end": 888.85, "word": " of", "probability": 1.0 }, { "start": 888.85, "end": 889.05, "word": " like,", "probability": 0.994140625 } ] }, { "start": 889.19, "end": 891.85, "text": "are businesses spending more on AI or less", "avg_logprob": -0.14495968299527323, "no_speech_prob": 0.0, "words": [ { "start": 889.19, "end": 889.65, "word": " are", "probability": 0.83203125 }, { "start": 889.65, "end": 889.93, "word": " businesses", "probability": 0.7978515625 }, { "start": 889.93, "end": 890.23, "word": " spending", "probability": 0.99951171875 }, { "start": 890.23, "end": 890.67, "word": " more", "probability": 1.0 }, { "start": 890.67, "end": 890.97, "word": " on", "probability": 1.0 }, { "start": 890.97, "end": 891.23, "word": " AI", "probability": 0.99951171875 }, { "start": 891.23, "end": 891.45, "word": " or", "probability": 0.99951171875 }, { "start": 891.45, "end": 891.85, "word": " less", "probability": 1.0 } ] }, { "start": 892.67, "end": 893.81, "text": "than they were months ago?", "avg_logprob": -0.14495968299527323, "no_speech_prob": 0.0, "words": [ { "start": 892.67, "end": 893.07, "word": " than", "probability": 0.994140625 }, { "start": 893.07, "end": 893.17, "word": " they", "probability": 1.0 }, { "start": 893.17, "end": 893.31, "word": " were", "probability": 1.0 }, { "start": 893.31, "end": 893.57, "word": " months", "probability": 1.0 }, { "start": 893.57, "end": 893.81, "word": " ago?", "probability": 1.0 } ] }, { "start": 893.97, "end": 895.63, "text": "And we always see the occasional headline,", "avg_logprob": -0.14495968299527323, "no_speech_prob": 0.0, "words": [ { "start": 893.97, "end": 894.17, "word": " And", "probability": 0.98046875 }, { "start": 894.17, "end": 894.23, "word": " we", "probability": 0.99951171875 }, { "start": 894.23, "end": 894.41, "word": " always", "probability": 0.99951171875 }, { "start": 894.41, "end": 894.65, "word": " see", "probability": 0.90625 }, { "start": 894.65, "end": 894.77, "word": " the", "probability": 1.0 }, { "start": 894.77, "end": 895.15, "word": " occasional", "probability": 0.99755859375 }, { "start": 895.15, "end": 895.63, "word": " headline,", "probability": 1.0 } ] }, { "start": 895.83, "end": 897.87, "text": "like this business spends so much,", "avg_logprob": -0.14495968299527323, "no_speech_prob": 0.0, "words": [ { "start": 895.83, "end": 895.95, "word": " like", "probability": 0.92578125 }, { "start": 895.95, "end": 896.93, "word": " this", "probability": 0.62939453125 }, { "start": 896.93, "end": 897.29, "word": " business", "probability": 0.99951171875 }, { "start": 897.29, "end": 897.49, "word": " spends", "probability": 0.65673828125 }, { "start": 897.49, "end": 897.69, "word": " so", "probability": 1.0 }, { "start": 897.69, "end": 897.87, "word": " much,", "probability": 1.0 } ] }, { "start": 897.95, "end": 898.73, "text": "they're pulling back", "avg_logprob": -0.14495968299527323, "no_speech_prob": 0.0, "words": [ { "start": 897.95, "end": 898.09, "word": " they're", "probability": 1.0 }, { "start": 898.09, "end": 898.35, "word": " pulling", "probability": 1.0 }, { "start": 898.35, "end": 898.73, "word": " back", "probability": 1.0 } ] }, { "start": 898.73, "end": 900.45, "text": "and they were spending so much", "avg_logprob": -0.14495968299527323, "no_speech_prob": 0.0, "words": [ { "start": 898.73, "end": 898.95, "word": " and", "probability": 0.76611328125 }, { "start": 898.95, "end": 899.51, "word": " they", "probability": 0.99658203125 }, { "start": 899.51, "end": 899.81, "word": " were", "probability": 1.0 }, { "start": 899.81, "end": 900.03, "word": " spending", "probability": 1.0 }, { "start": 900.03, "end": 900.21, "word": " so", "probability": 1.0 }, { "start": 900.21, "end": 900.45, "word": " much", "probability": 1.0 } ] }, { "start": 900.45, "end": 902.31, "text": "and now they're putting more safeguards in.", "avg_logprob": -0.14495968299527323, "no_speech_prob": 0.0, "words": [ { "start": 900.45, "end": 900.59, "word": " and", "probability": 0.95361328125 }, { "start": 900.59, "end": 900.73, "word": " now", "probability": 1.0 }, { "start": 900.73, "end": 900.97, "word": " they're", "probability": 1.0 }, { "start": 900.97, "end": 901.39, "word": " putting", "probability": 0.99951171875 }, { "start": 901.39, "end": 901.57, "word": " more", "probability": 1.0 }, { "start": 901.57, "end": 902.09, "word": " safeguards", "probability": 1.0 }, { "start": 902.09, "end": 902.31, "word": " in.", "probability": 1.0 } ] }, { "start": 902.59, "end": 903.59, "text": "And those keep happening", "avg_logprob": -0.14495968299527323, "no_speech_prob": 0.0, "words": [ { "start": 902.59, "end": 902.81, "word": " And", "probability": 0.998046875 }, { "start": 902.81, "end": 903.01, "word": " those", "probability": 1.0 }, { "start": 903.01, "end": 903.17, "word": " keep", "probability": 1.0 }, { "start": 903.17, "end": 903.59, "word": " happening", "probability": 1.0 } ] }, { "start": 903.59, "end": 906.03, "text": "and yet the overall spend keeps going up", "avg_logprob": -0.14495968299527323, "no_speech_prob": 0.0, "words": [ { "start": 903.59, "end": 903.75, "word": " and", "probability": 0.75732421875 }, { "start": 903.75, "end": 903.95, "word": " yet", "probability": 1.0 }, { "start": 903.95, "end": 904.13, "word": " the", "probability": 0.99609375 }, { "start": 904.13, "end": 904.45, "word": " overall", "probability": 1.0 }, { "start": 904.45, "end": 904.85, "word": " spend", "probability": 0.99951171875 }, { "start": 904.85, "end": 905.45, "word": " keeps", "probability": 0.99853515625 }, { "start": 905.45, "end": 905.69, "word": " going", "probability": 1.0 }, { "start": 905.69, "end": 906.03, "word": " up", "probability": 1.0 } ] }, { "start": 906.03, "end": 907.13, "text": "because we're kind of, again,", "avg_logprob": -0.14495968299527323, "no_speech_prob": 0.0, "words": [ { "start": 906.03, "end": 906.35, "word": " because", "probability": 0.955078125 }, { "start": 906.35, "end": 906.53, "word": " we're", "probability": 0.99951171875 }, { "start": 906.53, "end": 906.67, "word": " kind", "probability": 0.9990234375 }, { "start": 906.67, "end": 906.81, "word": " of,", "probability": 1.0 }, { "start": 906.93, "end": 907.13, "word": " again,", "probability": 0.99755859375 } ] }, { "start": 907.33, "end": 909.45, "text": "my earlier point when a new technology unlocks,", "avg_logprob": -0.14495968299527323, "no_speech_prob": 0.0, "words": [ { "start": 907.33, "end": 907.61, "word": " my", "probability": 1.0 }, { "start": 907.61, "end": 907.87, "word": " earlier", "probability": 0.96240234375 }, { "start": 907.87, "end": 908.17, "word": " point", "probability": 1.0 }, { "start": 908.17, "end": 908.33, "word": " when", "probability": 0.74853515625 }, { "start": 908.33, "end": 908.45, "word": " a", "probability": 1.0 }, { "start": 908.45, "end": 908.57, "word": " new", "probability": 1.0 }, { "start": 908.57, "end": 909.05, "word": " technology", "probability": 1.0 }, { "start": 909.05, "end": 909.45, "word": " unlocks,", "probability": 0.9482421875 } ] }, { "start": 909.51, "end": 911.19, "text": "there's like a kind of a zero to one moment", "avg_logprob": -0.14495968299527323, "no_speech_prob": 0.0, "words": [ { "start": 909.51, "end": 909.67, "word": " there's", "probability": 0.984130859375 }, { "start": 909.67, "end": 909.79, "word": " like", "probability": 0.9853515625 }, { "start": 909.79, "end": 909.93, "word": " a", "probability": 0.98681640625 }, { "start": 909.93, "end": 910.27, "word": " kind", "probability": 0.9931640625 }, { "start": 910.27, "end": 910.37, "word": " of", "probability": 1.0 }, { "start": 910.37, "end": 910.47, "word": " a", "probability": 0.83349609375 }, { "start": 910.47, "end": 910.61, "word": " zero", "probability": 0.998046875 }, { "start": 910.61, "end": 910.69, "word": " to", "probability": 0.947265625 }, { "start": 910.69, "end": 910.85, "word": " one", "probability": 1.0 }, { "start": 910.85, "end": 911.19, "word": " moment", "probability": 1.0 } ] }, { "start": 911.19, "end": 913.05, "text": "where everyone has to kind of get from not using it", "avg_logprob": -0.14495968299527323, "no_speech_prob": 0.0, "words": [ { "start": 911.19, "end": 911.43, "word": " where", "probability": 0.99951171875 }, { "start": 911.43, "end": 911.71, "word": " everyone", "probability": 0.99951171875 }, { "start": 911.71, "end": 911.83, "word": " has", "probability": 1.0 }, { "start": 911.83, "end": 911.93, "word": " to", "probability": 1.0 }, { "start": 911.93, "end": 912.07, "word": " kind", "probability": 0.99951171875 }, { "start": 912.07, "end": 912.13, "word": " of", "probability": 1.0 }, { "start": 912.13, "end": 912.27, "word": " get", "probability": 1.0 }, { "start": 912.27, "end": 912.43, "word": " from", "probability": 1.0 }, { "start": 912.43, "end": 912.63, "word": " not", "probability": 1.0 }, { "start": 912.63, "end": 912.93, "word": " using", "probability": 1.0 }, { "start": 912.93, "end": 913.05, "word": " it", "probability": 0.99951171875 } ] }, { "start": 913.13, "end": 915.21, "text": "to some baseline of using it.", "avg_logprob": -0.18524999332427977, "no_speech_prob": 0.0, "words": [ { "start": 913.13, "end": 913.29, "word": " to", "probability": 0.91943359375 }, { "start": 913.29, "end": 913.89, "word": " some", "probability": 0.99609375 }, { "start": 913.89, "end": 914.45, "word": " baseline", "probability": 0.91943359375 }, { "start": 914.45, "end": 914.75, "word": " of", "probability": 0.99951171875 }, { "start": 914.75, "end": 914.99, "word": " using", "probability": 0.99951171875 }, { "start": 914.99, "end": 915.21, "word": " it.", "probability": 0.99951171875 } ] }, { "start": 916.17, "end": 918.43, "text": "And there are tons of studies that show, for example,", "avg_logprob": -0.18524999332427977, "no_speech_prob": 0.0, "words": [ { "start": 916.17, "end": 916.65, "word": " And", "probability": 0.92724609375 }, { "start": 916.65, "end": 916.77, "word": " there", "probability": 0.9990234375 }, { "start": 916.77, "end": 916.99, "word": " are", "probability": 1.0 }, { "start": 916.99, "end": 917.27, "word": " tons", "probability": 0.99755859375 }, { "start": 917.27, "end": 917.39, "word": " of", "probability": 1.0 }, { "start": 917.39, "end": 917.63, "word": " studies", "probability": 0.99951171875 }, { "start": 917.63, "end": 917.79, "word": " that", "probability": 0.99853515625 }, { "start": 917.79, "end": 917.97, "word": " show,", "probability": 0.99951171875 }, { "start": 918.09, "end": 918.15, "word": " for", "probability": 0.99951171875 }, { "start": 918.15, "end": 918.43, "word": " example,", "probability": 0.99951171875 } ] }, { "start": 918.57, "end": 921.73, "text": "that just companies that are just higher adopters of AI", "avg_logprob": -0.18524999332427977, "no_speech_prob": 0.0, "words": [ { "start": 918.57, "end": 918.61, "word": " that", "probability": 0.97021484375 }, { "start": 918.61, "end": 918.73, "word": " just", "probability": 0.80029296875 }, { "start": 918.73, "end": 919.11, "word": " companies", "probability": 0.99951171875 }, { "start": 919.11, "end": 919.37, "word": " that", "probability": 0.99853515625 }, { "start": 919.37, "end": 919.99, "word": " are", "probability": 1.0 }, { "start": 919.99, "end": 920.17, "word": " just", "probability": 0.9990234375 }, { "start": 920.17, "end": 920.65, "word": " higher", "probability": 0.95947265625 }, { "start": 920.65, "end": 921.19, "word": " adopters", "probability": 0.9990234375 }, { "start": 921.19, "end": 921.35, "word": " of", "probability": 1.0 }, { "start": 921.35, "end": 921.73, "word": " AI", "probability": 0.9931640625 } ] }, { "start": 923.15, "end": 925.21, "text": "tend to be winning and taking market share", "avg_logprob": -0.18524999332427977, "no_speech_prob": 0.0, "words": [ { "start": 923.15, "end": 923.63, "word": " tend", "probability": 0.93310546875 }, { "start": 923.63, "end": 923.79, "word": " to", "probability": 1.0 }, { "start": 923.79, "end": 923.93, "word": " be", "probability": 0.99951171875 }, { "start": 923.93, "end": 924.21, "word": " winning", "probability": 0.99951171875 }, { "start": 924.21, "end": 924.39, "word": " and", "probability": 0.9619140625 }, { "start": 924.39, "end": 924.63, "word": " taking", "probability": 0.99951171875 }, { "start": 924.63, "end": 924.97, "word": " market", "probability": 0.99853515625 }, { "start": 924.97, "end": 925.21, "word": " share", "probability": 0.9990234375 } ] }, { "start": 925.21, "end": 926.91, "text": "versus ones in their field that are not,", "avg_logprob": -0.18524999332427977, "no_speech_prob": 0.0, "words": [ { "start": 925.21, "end": 925.51, "word": " versus", "probability": 0.984375 }, { "start": 925.51, "end": 925.77, "word": " ones", "probability": 0.998046875 }, { "start": 925.77, "end": 925.95, "word": " in", "probability": 0.99658203125 }, { "start": 925.95, "end": 926.07, "word": " their", "probability": 0.99951171875 }, { "start": 926.07, "end": 926.33, "word": " field", "probability": 0.9990234375 }, { "start": 926.33, "end": 926.47, "word": " that", "probability": 0.99951171875 }, { "start": 926.47, "end": 926.57, "word": " are", "probability": 0.99951171875 }, { "start": 926.57, "end": 926.91, "word": " not,", "probability": 1.0 } ] }, { "start": 927.07, "end": 929.09, "text": "and ironically tend to increase headcount.", "avg_logprob": -0.18524999332427977, "no_speech_prob": 0.0, "words": [ { "start": 927.07, "end": 927.37, "word": " and", "probability": 0.99951171875 }, { "start": 927.37, "end": 927.81, "word": " ironically", "probability": 0.9970703125 }, { "start": 927.81, "end": 928.07, "word": " tend", "probability": 0.7177734375 }, { "start": 928.07, "end": 928.21, "word": " to", "probability": 1.0 }, { "start": 928.21, "end": 928.57, "word": " increase", "probability": 0.9990234375 }, { "start": 928.57, "end": 929.09, "word": " headcount.", "probability": 0.863525390625 } ] }, { "start": 929.73, "end": 932.01, "text": "Because you have this idea that it's like a zero sum,", "avg_logprob": -0.18524999332427977, "no_speech_prob": 0.0, "words": [ { "start": 929.73, "end": 930.21, "word": " Because", "probability": 0.990234375 }, { "start": 930.21, "end": 930.29, "word": " you", "probability": 0.53857421875 }, { "start": 930.29, "end": 930.39, "word": " have", "probability": 1.0 }, { "start": 930.39, "end": 930.67, "word": " this", "probability": 0.9951171875 }, { "start": 930.67, "end": 930.95, "word": " idea", "probability": 1.0 }, { "start": 930.95, "end": 931.11, "word": " that", "probability": 0.99951171875 }, { "start": 931.11, "end": 931.25, "word": " it's", "probability": 0.9990234375 }, { "start": 931.25, "end": 931.37, "word": " like", "probability": 0.97216796875 }, { "start": 931.37, "end": 931.47, "word": " a", "probability": 0.998046875 }, { "start": 931.47, "end": 931.69, "word": " zero", "probability": 0.99951171875 }, { "start": 931.69, "end": 932.01, "word": " sum,", "probability": 0.76220703125 } ] }, { "start": 932.13, "end": 934.53, "text": "like if you use AI, it means you're firing your employees.", "avg_logprob": -0.18524999332427977, "no_speech_prob": 0.0, "words": [ { "start": 932.13, "end": 932.23, "word": " like", "probability": 0.9814453125 }, { "start": 932.23, "end": 932.41, "word": " if", "probability": 0.99609375 }, { "start": 932.41, "end": 932.51, "word": " you", "probability": 1.0 }, { "start": 932.51, "end": 932.77, "word": " use", "probability": 1.0 }, { "start": 932.77, "end": 933.09, "word": " AI,", "probability": 1.0 }, { "start": 933.27, "end": 933.29, "word": " it", "probability": 0.99951171875 }, { "start": 933.29, "end": 933.47, "word": " means", "probability": 1.0 }, { "start": 933.47, "end": 933.61, "word": " you're", "probability": 0.99951171875 }, { "start": 933.61, "end": 933.87, "word": " firing", "probability": 0.85107421875 }, { "start": 933.87, "end": 934.03, "word": " your", "probability": 0.99951171875 }, { "start": 934.03, "end": 934.53, "word": " employees.", "probability": 1.0 } ] }, { "start": 934.77, "end": 937.21, "text": "Sometimes it means that you're making each of your employees", "avg_logprob": -0.18524999332427977, "no_speech_prob": 0.0, "words": [ { "start": 934.77, "end": 935.21, "word": " Sometimes", "probability": 0.99951171875 }, { "start": 935.21, "end": 935.39, "word": " it", "probability": 0.99658203125 }, { "start": 935.39, "end": 935.57, "word": " means", "probability": 1.0 }, { "start": 935.57, "end": 935.73, "word": " that", "probability": 0.99951171875 }, { "start": 935.73, "end": 935.91, "word": " you're", "probability": 0.999755859375 }, { "start": 935.91, "end": 936.15, "word": " making", "probability": 1.0 }, { "start": 936.15, "end": 936.41, "word": " each", "probability": 1.0 }, { "start": 936.41, "end": 936.53, "word": " of", "probability": 1.0 }, { "start": 936.53, "end": 936.65, "word": " your", "probability": 0.99951171875 }, { "start": 936.65, "end": 937.21, "word": " employees", "probability": 0.99951171875 } ] }, { "start": 937.21, "end": 940.47, "text": "just do twice as much effectiveness with their time.", "avg_logprob": -0.18524999332427977, "no_speech_prob": 0.0, "words": [ { "start": 937.21, "end": 937.57, "word": " just", "probability": 0.9892578125 }, { "start": 937.57, "end": 938.05, "word": " do", "probability": 0.99853515625 }, { "start": 938.05, "end": 938.35, "word": " twice", "probability": 1.0 }, { "start": 938.35, "end": 938.55, "word": " as", "probability": 1.0 }, { "start": 938.55, "end": 938.99, "word": " much", "probability": 1.0 }, { "start": 938.99, "end": 939.55, "word": " effectiveness", "probability": 0.99951171875 }, { "start": 939.55, "end": 939.95, "word": " with", "probability": 0.99951171875 }, { "start": 939.95, "end": 940.09, "word": " their", "probability": 1.0 }, { "start": 940.09, "end": 940.47, "word": " time.", "probability": 1.0 } ] }, { "start": 941.09, "end": 944.59, "text": "and so your company is able to run on better margins and better pricing", "avg_logprob": -0.1850247530653925, "no_speech_prob": 0.0, "words": [ { "start": 941.09, "end": 941.61, "word": " and", "probability": 0.090087890625 }, { "start": 941.61, "end": 941.81, "word": " so", "probability": 0.99267578125 }, { "start": 941.81, "end": 942.11, "word": " your", "probability": 0.99169921875 }, { "start": 942.11, "end": 942.53, "word": " company", "probability": 0.970703125 }, { "start": 942.53, "end": 942.61, "word": " is", "probability": 0.491943359375 }, { "start": 942.61, "end": 942.71, "word": " able", "probability": 1.0 }, { "start": 942.71, "end": 942.79, "word": " to", "probability": 1.0 }, { "start": 942.79, "end": 942.95, "word": " run", "probability": 1.0 }, { "start": 942.95, "end": 943.09, "word": " on", "probability": 0.99951171875 }, { "start": 943.09, "end": 943.33, "word": " better", "probability": 1.0 }, { "start": 943.33, "end": 943.75, "word": " margins", "probability": 1.0 }, { "start": 943.75, "end": 943.97, "word": " and", "probability": 0.9990234375 }, { "start": 943.97, "end": 944.17, "word": " better", "probability": 0.99951171875 }, { "start": 944.17, "end": 944.59, "word": " pricing", "probability": 1.0 } ] }, { "start": 944.59, "end": 946.25, "text": "and so you take market share from competitors", "avg_logprob": -0.1850247530653925, "no_speech_prob": 0.0, "words": [ { "start": 944.59, "end": 944.75, "word": " and", "probability": 0.488037109375 }, { "start": 944.75, "end": 944.85, "word": " so", "probability": 0.9970703125 }, { "start": 944.85, "end": 944.93, "word": " you", "probability": 0.99951171875 }, { "start": 944.93, "end": 945.17, "word": " take", "probability": 0.99853515625 }, { "start": 945.17, "end": 945.43, "word": " market", "probability": 0.99609375 }, { "start": 945.43, "end": 945.59, "word": " share", "probability": 0.99951171875 }, { "start": 945.59, "end": 945.77, "word": " from", "probability": 1.0 }, { "start": 945.77, "end": 946.25, "word": " competitors", "probability": 1.0 } ] }, { "start": 946.25, "end": 949.39, "text": "and you can actually grow headcount despite using more AI.", "avg_logprob": -0.1850247530653925, "no_speech_prob": 0.0, "words": [ { "start": 946.25, "end": 946.49, "word": " and", "probability": 0.9970703125 }, { "start": 946.49, "end": 946.55, "word": " you", "probability": 0.99951171875 }, { "start": 946.55, "end": 946.65, "word": " can", "probability": 0.9990234375 }, { "start": 946.65, "end": 946.83, "word": " actually", "probability": 0.9990234375 }, { "start": 946.83, "end": 947.13, "word": " grow", "probability": 0.99951171875 }, { "start": 947.13, "end": 947.65, "word": " headcount", "probability": 0.973876953125 }, { "start": 947.65, "end": 948.59, "word": " despite", "probability": 0.9814453125 }, { "start": 948.59, "end": 948.87, "word": " using", "probability": 1.0 }, { "start": 948.87, "end": 949.11, "word": " more", "probability": 1.0 }, { "start": 949.11, "end": 949.39, "word": " AI.", "probability": 0.97802734375 } ] }, { "start": 949.87, "end": 952.69, "text": "So I still think that this has room to run", "avg_logprob": -0.1850247530653925, "no_speech_prob": 0.0, "words": [ { "start": 949.87, "end": 949.97, "word": " So", "probability": 0.78466796875 }, { "start": 949.97, "end": 950.55, "word": " I", "probability": 0.9462890625 }, { "start": 950.55, "end": 950.77, "word": " still", "probability": 1.0 }, { "start": 950.77, "end": 950.93, "word": " think", "probability": 1.0 }, { "start": 950.93, "end": 951.05, "word": " that", "probability": 0.9990234375 }, { "start": 951.05, "end": 951.21, "word": " this", "probability": 1.0 }, { "start": 951.21, "end": 951.45, "word": " has", "probability": 1.0 }, { "start": 951.45, "end": 952.15, "word": " room", "probability": 0.99951171875 }, { "start": 952.15, "end": 952.35, "word": " to", "probability": 1.0 }, { "start": 952.35, "end": 952.69, "word": " run", "probability": 1.0 } ] }, { "start": 953.39, "end": 957.85, "text": "even though like on any given thing that gets brought up,", "avg_logprob": -0.1850247530653925, "no_speech_prob": 0.0, "words": [ { "start": 953.39, "end": 953.91, "word": " even", "probability": 0.79443359375 }, { "start": 953.91, "end": 954.31, "word": " though", "probability": 1.0 }, { "start": 954.31, "end": 955.13, "word": " like", "probability": 0.79052734375 }, { "start": 955.13, "end": 955.31, "word": " on", "probability": 0.99853515625 }, { "start": 955.31, "end": 955.53, "word": " any", "probability": 1.0 }, { "start": 955.53, "end": 955.89, "word": " given", "probability": 1.0 }, { "start": 955.89, "end": 956.95, "word": " thing", "probability": 0.99951171875 }, { "start": 956.95, "end": 957.09, "word": " that", "probability": 1.0 }, { "start": 957.09, "end": 957.25, "word": " gets", "probability": 0.99951171875 }, { "start": 957.25, "end": 957.51, "word": " brought", "probability": 1.0 }, { "start": 957.51, "end": 957.85, "word": " up,", "probability": 1.0 } ] }, { "start": 957.93, "end": 961.91, "text": "the vendor financing, the massive AI capex,", "avg_logprob": -0.1850247530653925, "no_speech_prob": 0.0, "words": [ { "start": 957.93, "end": 958.23, "word": " the", "probability": 0.62841796875 }, { "start": 958.23, "end": 959.15, "word": " vendor", "probability": 0.9990234375 }, { "start": 959.15, "end": 959.75, "word": " financing,", "probability": 1.0 }, { "start": 960.17, "end": 960.49, "word": " the", "probability": 1.0 }, { "start": 960.49, "end": 961.05, "word": " massive", "probability": 0.99951171875 }, { "start": 961.05, "end": 961.39, "word": " AI", "probability": 1.0 }, { "start": 961.39, "end": 961.91, "word": " capex,", "probability": 0.87353515625 } ] }, { "start": 962.21, "end": 965.11, "text": "the shifting things from the corporate bond side to lease obligations,", "avg_logprob": -0.1850247530653925, "no_speech_prob": 0.0, "words": [ { "start": 962.21, "end": 962.25, "word": " the", "probability": 0.86572265625 }, { "start": 962.25, "end": 962.59, "word": " shifting", "probability": 0.99951171875 }, { "start": 962.59, "end": 962.85, "word": " things", "probability": 0.9990234375 }, { "start": 962.85, "end": 963.01, "word": " from", "probability": 1.0 }, { "start": 963.01, "end": 963.17, "word": " the", "probability": 1.0 }, { "start": 963.17, "end": 963.47, "word": " corporate", "probability": 1.0 }, { "start": 963.47, "end": 963.75, "word": " bond", "probability": 0.99755859375 }, { "start": 963.75, "end": 964.03, "word": " side", "probability": 0.99951171875 }, { "start": 964.03, "end": 964.21, "word": " to", "probability": 0.99951171875 }, { "start": 964.21, "end": 964.45, "word": " lease", "probability": 0.3515625 }, { "start": 964.45, "end": 965.11, "word": " obligations,", "probability": 0.9990234375 } ] }, { "start": 966.51, "end": 968.65, "text": "questions around depreciation,", "avg_logprob": -0.1850247530653925, "no_speech_prob": 0.0, "words": [ { "start": 966.51, "end": 967.03, "word": " questions", "probability": 0.998046875 }, { "start": 967.03, "end": 967.43, "word": " around", "probability": 0.99951171875 }, { "start": 967.43, "end": 968.65, "word": " depreciation,", "probability": 0.999755859375 } ] }, { "start": 968.65, "end": 973.51, "text": "What is the true useful life of a leading-edge GPU, for example?", "avg_logprob": -0.127875, "no_speech_prob": 0.0, "words": [ { "start": 968.65, "end": 969.17, "word": " What", "probability": 0.49609375 }, { "start": 969.17, "end": 969.33, "word": " is", "probability": 1.0 }, { "start": 969.33, "end": 969.93, "word": " the", "probability": 0.99951171875 }, { "start": 969.93, "end": 970.13, "word": " true", "probability": 0.990234375 }, { "start": 970.13, "end": 970.43, "word": " useful", "probability": 0.9697265625 }, { "start": 970.43, "end": 970.87, "word": " life", "probability": 1.0 }, { "start": 970.87, "end": 971.71, "word": " of", "probability": 0.9990234375 }, { "start": 971.71, "end": 971.85, "word": " a", "probability": 1.0 }, { "start": 971.85, "end": 972.05, "word": " leading", "probability": 0.99951171875 }, { "start": 972.05, "end": 972.29, "word": "-edge", "probability": 0.7135009765625 }, { "start": 972.29, "end": 972.75, "word": " GPU,", "probability": 0.99951171875 }, { "start": 972.95, "end": 973.13, "word": " for", "probability": 1.0 }, { "start": 973.13, "end": 973.51, "word": " example?", "probability": 1.0 } ] }, { "start": 973.91, "end": 980.09, "text": "These are all very valid questions, and I think it'll probably take more time before we kind of run into a little bit of a reckoning about them.", "avg_logprob": -0.127875, "no_speech_prob": 0.0, "words": [ { "start": 973.91, "end": 974.35, "word": " These", "probability": 1.0 }, { "start": 974.35, "end": 974.47, "word": " are", "probability": 1.0 }, { "start": 974.47, "end": 974.65, "word": " all", "probability": 1.0 }, { "start": 974.65, "end": 974.85, "word": " very", "probability": 1.0 }, { "start": 974.85, "end": 975.07, "word": " valid", "probability": 0.99951171875 }, { "start": 975.07, "end": 975.53, "word": " questions,", "probability": 1.0 }, { "start": 975.53, "end": 976.19, "word": " and", "probability": 1.0 }, { "start": 976.19, "end": 976.31, "word": " I", "probability": 1.0 }, { "start": 976.31, "end": 976.45, "word": " think", "probability": 1.0 }, { "start": 976.45, "end": 976.63, "word": " it'll", "probability": 0.932373046875 }, { "start": 976.63, "end": 976.85, "word": " probably", "probability": 1.0 }, { "start": 976.85, "end": 977.11, "word": " take", "probability": 1.0 }, { "start": 977.11, "end": 977.31, "word": " more", "probability": 1.0 }, { "start": 977.31, "end": 977.67, "word": " time", "probability": 1.0 }, { "start": 977.67, "end": 977.95, "word": " before", "probability": 1.0 }, { "start": 977.95, "end": 978.15, "word": " we", "probability": 1.0 }, { "start": 978.15, "end": 978.29, "word": " kind", "probability": 0.76806640625 }, { "start": 978.29, "end": 978.43, "word": " of", "probability": 1.0 }, { "start": 978.43, "end": 978.59, "word": " run", "probability": 1.0 }, { "start": 978.59, "end": 978.79, "word": " into", "probability": 1.0 }, { "start": 978.79, "end": 978.97, "word": " a", "probability": 1.0 }, { "start": 978.97, "end": 979.05, "word": " little", "probability": 1.0 }, { "start": 979.05, "end": 979.17, "word": " bit", "probability": 1.0 }, { "start": 979.17, "end": 979.27, "word": " of", "probability": 1.0 }, { "start": 979.27, "end": 979.35, "word": " a", "probability": 0.9931640625 }, { "start": 979.35, "end": 979.65, "word": " reckoning", "probability": 0.999755859375 }, { "start": 979.65, "end": 979.89, "word": " about", "probability": 1.0 }, { "start": 979.89, "end": 980.09, "word": " them.", "probability": 1.0 } ] }, { "start": 980.65, "end": 990.67, "text": "Everything we do on this channel has one goal, to make you a sharper, better-informed investor, someone who understands the macro forces shaping your money before the mainstream catches on.", "avg_logprob": -0.127875, "no_speech_prob": 0.0, "words": [ { "start": 980.65, "end": 981.09, "word": " Everything", "probability": 0.98046875 }, { "start": 981.09, "end": 981.31, "word": " we", "probability": 1.0 }, { "start": 981.31, "end": 981.49, "word": " do", "probability": 1.0 }, { "start": 981.49, "end": 981.65, "word": " on", "probability": 1.0 }, { "start": 981.65, "end": 981.81, "word": " this", "probability": 1.0 }, { "start": 981.81, "end": 982.13, "word": " channel", "probability": 1.0 }, { "start": 982.13, "end": 982.49, "word": " has", "probability": 1.0 }, { "start": 982.49, "end": 982.85, "word": " one", "probability": 1.0 }, { "start": 982.85, "end": 983.13, "word": " goal,", "probability": 1.0 }, { "start": 983.17, "end": 983.41, "word": " to", "probability": 1.0 }, { "start": 983.41, "end": 983.61, "word": " make", "probability": 1.0 }, { "start": 983.61, "end": 983.85, "word": " you", "probability": 1.0 }, { "start": 983.85, "end": 984.07, "word": " a", "probability": 1.0 }, { "start": 984.07, "end": 984.47, "word": " sharper,", "probability": 1.0 }, { "start": 984.71, "end": 984.89, "word": " better", "probability": 1.0 }, { "start": 984.89, "end": 985.31, "word": "-informed", "probability": 0.9298502604166666 }, { "start": 985.31, "end": 985.87, "word": " investor,", "probability": 1.0 }, { "start": 986.09, "end": 986.39, "word": " someone", "probability": 1.0 }, { "start": 986.39, "end": 986.53, "word": " who", "probability": 1.0 }, { "start": 986.53, "end": 987.05, "word": " understands", "probability": 1.0 }, { "start": 987.05, "end": 987.27, "word": " the", "probability": 1.0 }, { "start": 987.27, "end": 987.55, "word": " macro", "probability": 0.9990234375 }, { "start": 987.55, "end": 987.97, "word": " forces", "probability": 0.99267578125 }, { "start": 987.97, "end": 988.37, "word": " shaping", "probability": 1.0 }, { "start": 988.37, "end": 988.61, "word": " your", "probability": 1.0 }, { "start": 988.61, "end": 988.85, "word": " money", "probability": 1.0 }, { "start": 988.85, "end": 989.31, "word": " before", "probability": 1.0 }, { "start": 989.31, "end": 989.47, "word": " the", "probability": 1.0 }, { "start": 989.47, "end": 989.89, "word": " mainstream", "probability": 1.0 }, { "start": 989.89, "end": 990.29, "word": " catches", "probability": 1.0 }, { "start": 990.29, "end": 990.67, "word": " on.", "probability": 1.0 } ] }, { "start": 990.79, "end": 992.79, "text": "But information is only half of it.", "avg_logprob": -0.127875, "no_speech_prob": 0.0, "words": [ { "start": 990.79, "end": 991.23, "word": " But", "probability": 1.0 }, { "start": 991.23, "end": 991.69, "word": " information", "probability": 1.0 }, { "start": 991.69, "end": 991.99, "word": " is", "probability": 1.0 }, { "start": 991.99, "end": 992.21, "word": " only", "probability": 1.0 }, { "start": 992.21, "end": 992.47, "word": " half", "probability": 1.0 }, { "start": 992.47, "end": 992.63, "word": " of", "probability": 1.0 }, { "start": 992.63, "end": 992.79, "word": " it.", "probability": 1.0 } ] }, { "start": 992.89, "end": 996.71, "text": "The other half is acting on it, and that's what Wealthion Membership is for.", "avg_logprob": -0.127875, "no_speech_prob": 0.0, "words": [ { "start": 992.89, "end": 993.11, "word": " The", "probability": 1.0 }, { "start": 993.11, "end": 993.27, "word": " other", "probability": 1.0 }, { "start": 993.27, "end": 993.55, "word": " half", "probability": 1.0 }, { "start": 993.55, "end": 993.75, "word": " is", "probability": 1.0 }, { "start": 993.75, "end": 994.05, "word": " acting", "probability": 1.0 }, { "start": 994.05, "end": 994.29, "word": " on", "probability": 1.0 }, { "start": 994.29, "end": 994.43, "word": " it,", "probability": 1.0 }, { "start": 994.51, "end": 994.83, "word": " and", "probability": 1.0 }, { "start": 994.83, "end": 995.13, "word": " that's", "probability": 1.0 }, { "start": 995.13, "end": 995.27, "word": " what", "probability": 1.0 }, { "start": 995.27, "end": 995.67, "word": " Wealthion", "probability": 0.81982421875 }, { "start": 995.67, "end": 996.25, "word": " Membership", "probability": 0.92626953125 }, { "start": 996.25, "end": 996.41, "word": " is", "probability": 1.0 }, { "start": 996.41, "end": 996.71, "word": " for.", "probability": 1.0 } ] }, { "start": 996.71, "end": 1001.43, "text": "It's how you go from watching these conversations to putting them to work in your own portfolio.", "avg_logprob": -0.1586647725918076, "no_speech_prob": 0.0, "words": [ { "start": 996.71, "end": 997.37, "word": " It's", "probability": 0.9921875 }, { "start": 997.37, "end": 997.49, "word": " how", "probability": 1.0 }, { "start": 997.49, "end": 997.63, "word": " you", "probability": 1.0 }, { "start": 997.63, "end": 997.81, "word": " go", "probability": 1.0 }, { "start": 997.81, "end": 998.05, "word": " from", "probability": 1.0 }, { "start": 998.05, "end": 998.47, "word": " watching", "probability": 1.0 }, { "start": 998.47, "end": 998.69, "word": " these", "probability": 1.0 }, { "start": 998.69, "end": 999.27, "word": " conversations", "probability": 1.0 }, { "start": 999.27, "end": 999.63, "word": " to", "probability": 0.9990234375 }, { "start": 999.63, "end": 999.85, "word": " putting", "probability": 1.0 }, { "start": 999.85, "end": 999.99, "word": " them", "probability": 1.0 }, { "start": 999.99, "end": 1000.13, "word": " to", "probability": 1.0 }, { "start": 1000.13, "end": 1000.41, "word": " work", "probability": 1.0 }, { "start": 1000.41, "end": 1000.57, "word": " in", "probability": 1.0 }, { "start": 1000.57, "end": 1000.73, "word": " your", "probability": 1.0 }, { "start": 1000.73, "end": 1000.87, "word": " own", "probability": 1.0 }, { "start": 1000.87, "end": 1001.43, "word": " portfolio.", "probability": 1.0 } ] }, { "start": 1002.07, "end": 1007.35, "text": "Membership opens three doors, access to advisors, helping build real assets into your portfolio,", "avg_logprob": -0.1586647725918076, "no_speech_prob": 0.0, "words": [ { "start": 1002.07, "end": 1002.51, "word": " Membership", "probability": 0.998291015625 }, { "start": 1002.51, "end": 1002.83, "word": " opens", "probability": 1.0 }, { "start": 1002.83, "end": 1003.07, "word": " three", "probability": 0.99951171875 }, { "start": 1003.07, "end": 1003.41, "word": " doors,", "probability": 1.0 }, { "start": 1003.63, "end": 1003.93, "word": " access", "probability": 1.0 }, { "start": 1003.93, "end": 1004.15, "word": " to", "probability": 1.0 }, { "start": 1004.15, "end": 1004.57, "word": " advisors,", "probability": 0.9990234375 }, { "start": 1004.89, "end": 1005.27, "word": " helping", "probability": 1.0 }, { "start": 1005.27, "end": 1005.69, "word": " build", "probability": 1.0 }, { "start": 1005.69, "end": 1005.95, "word": " real", "probability": 1.0 }, { "start": 1005.95, "end": 1006.31, "word": " assets", "probability": 1.0 }, { "start": 1006.31, "end": 1006.61, "word": " into", "probability": 1.0 }, { "start": 1006.61, "end": 1006.77, "word": " your", "probability": 1.0 }, { "start": 1006.77, "end": 1007.35, "word": " portfolio,", "probability": 1.0 } ] }, { "start": 1007.35, "end": 1010.89, "text": "and for accredited investors, access to specialized funds.", "avg_logprob": -0.1586647725918076, "no_speech_prob": 0.0, "words": [ { "start": 1007.35, "end": 1007.87, "word": " and", "probability": 1.0 }, { "start": 1007.87, "end": 1008.05, "word": " for", "probability": 0.99853515625 }, { "start": 1008.05, "end": 1008.61, "word": " accredited", "probability": 1.0 }, { "start": 1008.61, "end": 1009.11, "word": " investors,", "probability": 1.0 }, { "start": 1009.49, "end": 1009.73, "word": " access", "probability": 1.0 }, { "start": 1009.73, "end": 1009.99, "word": " to", "probability": 1.0 }, { "start": 1009.99, "end": 1010.39, "word": " specialized", "probability": 0.99951171875 }, { "start": 1010.39, "end": 1010.89, "word": " funds.", "probability": 1.0 } ] }, { "start": 1011.15, "end": 1014.55, "text": "To learn more, the link to become a member is in the description box below.", "avg_logprob": -0.1586647725918076, "no_speech_prob": 0.0, "words": [ { "start": 1011.15, "end": 1011.43, "word": " To", "probability": 0.99951171875 }, { "start": 1011.43, "end": 1011.65, "word": " learn", "probability": 1.0 }, { "start": 1011.65, "end": 1011.87, "word": " more,", "probability": 1.0 }, { "start": 1011.99, "end": 1012.05, "word": " the", "probability": 1.0 }, { "start": 1012.05, "end": 1012.21, "word": " link", "probability": 1.0 }, { "start": 1012.21, "end": 1012.33, "word": " to", "probability": 1.0 }, { "start": 1012.33, "end": 1012.55, "word": " become", "probability": 0.98193359375 }, { "start": 1012.55, "end": 1012.67, "word": " a", "probability": 1.0 }, { "start": 1012.67, "end": 1012.89, "word": " member", "probability": 0.99951171875 }, { "start": 1012.89, "end": 1013.19, "word": " is", "probability": 1.0 }, { "start": 1013.19, "end": 1013.29, "word": " in", "probability": 0.99951171875 }, { "start": 1013.29, "end": 1013.41, "word": " the", "probability": 1.0 }, { "start": 1013.41, "end": 1013.83, "word": " description", "probability": 1.0 }, { "start": 1013.83, "end": 1014.23, "word": " box", "probability": 0.99951171875 }, { "start": 1014.23, "end": 1014.55, "word": " below.", "probability": 0.99951171875 } ] }, { "start": 1015.87, "end": 1020.45, "text": "So commodities have been the safe way to play the AI trade for a lot of people,", "avg_logprob": -0.1586647725918076, "no_speech_prob": 0.0, "words": [ { "start": 1015.87, "end": 1016.43, "word": " So", "probability": 0.96826171875 }, { "start": 1016.43, "end": 1016.99, "word": " commodities", "probability": 0.96923828125 }, { "start": 1016.99, "end": 1017.27, "word": " have", "probability": 1.0 }, { "start": 1017.27, "end": 1017.55, "word": " been", "probability": 1.0 }, { "start": 1017.55, "end": 1017.97, "word": " the", "probability": 1.0 }, { "start": 1017.97, "end": 1018.33, "word": " safe", "probability": 1.0 }, { "start": 1018.33, "end": 1018.51, "word": " way", "probability": 1.0 }, { "start": 1018.51, "end": 1018.63, "word": " to", "probability": 1.0 }, { "start": 1018.63, "end": 1018.81, "word": " play", "probability": 1.0 }, { "start": 1018.81, "end": 1018.95, "word": " the", "probability": 1.0 }, { "start": 1018.95, "end": 1019.25, "word": " AI", "probability": 0.9775390625 }, { "start": 1019.25, "end": 1019.61, "word": " trade", "probability": 1.0 }, { "start": 1019.61, "end": 1019.77, "word": " for", "probability": 1.0 }, { "start": 1019.77, "end": 1019.89, "word": " a", "probability": 1.0 }, { "start": 1019.89, "end": 1019.95, "word": " lot", "probability": 0.99951171875 }, { "start": 1019.95, "end": 1020.05, "word": " of", "probability": 1.0 }, { "start": 1020.05, "end": 1020.45, "word": " people,", "probability": 1.0 } ] }, { "start": 1021.17, "end": 1025.81, "text": "or the desired way to play it, given some of the questions.", "avg_logprob": -0.1586647725918076, "no_speech_prob": 0.0, "words": [ { "start": 1021.17, "end": 1021.73, "word": " or", "probability": 0.99462890625 }, { "start": 1021.73, "end": 1021.95, "word": " the", "probability": 1.0 }, { "start": 1021.95, "end": 1022.49, "word": " desired", "probability": 0.99951171875 }, { "start": 1022.49, "end": 1022.93, "word": " way", "probability": 1.0 }, { "start": 1022.93, "end": 1023.21, "word": " to", "probability": 1.0 }, { "start": 1023.21, "end": 1023.51, "word": " play", "probability": 1.0 }, { "start": 1023.51, "end": 1023.81, "word": " it,", "probability": 1.0 }, { "start": 1023.91, "end": 1024.35, "word": " given", "probability": 0.9912109375 }, { "start": 1024.35, "end": 1024.59, "word": " some", "probability": 1.0 }, { "start": 1024.59, "end": 1024.67, "word": " of", "probability": 1.0 }, { "start": 1024.67, "end": 1024.75, "word": " the", "probability": 1.0 }, { "start": 1024.75, "end": 1025.81, "word": " questions.", "probability": 0.99755859375 } ] }, { "start": 1026.73, "end": 1032.23, "text": "But if AI slows down, does that kill the demand for commodities?", "avg_logprob": -0.1085069411330753, "no_speech_prob": 0.0, "words": [ { "start": 1026.73, "end": 1027.29, "word": " But", "probability": 0.6953125 }, { "start": 1027.29, "end": 1027.75, "word": " if", "probability": 1.0 }, { "start": 1027.75, "end": 1028.03, "word": " AI", "probability": 0.99365234375 }, { "start": 1028.03, "end": 1029.11, "word": " slows", "probability": 1.0 }, { "start": 1029.11, "end": 1029.67, "word": " down,", "probability": 1.0 }, { "start": 1029.91, "end": 1030.03, "word": " does", "probability": 1.0 }, { "start": 1030.03, "end": 1030.21, "word": " that", "probability": 1.0 }, { "start": 1030.21, "end": 1030.61, "word": " kill", "probability": 1.0 }, { "start": 1030.61, "end": 1031.11, "word": " the", "probability": 1.0 }, { "start": 1031.11, "end": 1031.47, "word": " demand", "probability": 1.0 }, { "start": 1031.47, "end": 1031.71, "word": " for", "probability": 1.0 }, { "start": 1031.71, "end": 1032.23, "word": " commodities?", "probability": 1.0 } ] }, { "start": 1032.51, "end": 1033.95, "text": "How much of that trade is related?", "avg_logprob": -0.1085069411330753, "no_speech_prob": 0.0, "words": [ { "start": 1032.51, "end": 1032.63, "word": " How", "probability": 1.0 }, { "start": 1032.63, "end": 1032.93, "word": " much", "probability": 1.0 }, { "start": 1032.93, "end": 1033.07, "word": " of", "probability": 1.0 }, { "start": 1033.07, "end": 1033.25, "word": " that", "probability": 1.0 }, { "start": 1033.25, "end": 1033.49, "word": " trade", "probability": 0.9990234375 }, { "start": 1033.49, "end": 1033.65, "word": " is", "probability": 1.0 }, { "start": 1033.65, "end": 1033.95, "word": " related?", "probability": 1.0 } ] }, { "start": 1034.09, "end": 1036.83, "text": "They seem like they're opposite ends, right?", "avg_logprob": -0.1085069411330753, "no_speech_prob": 0.0, "words": [ { "start": 1034.09, "end": 1034.19, "word": " They", "probability": 1.0 }, { "start": 1034.19, "end": 1034.55, "word": " seem", "probability": 1.0 }, { "start": 1034.55, "end": 1034.77, "word": " like", "probability": 1.0 }, { "start": 1034.77, "end": 1035.11, "word": " they're", "probability": 0.96484375 }, { "start": 1035.11, "end": 1036.19, "word": " opposite", "probability": 1.0 }, { "start": 1036.19, "end": 1036.61, "word": " ends,", "probability": 1.0 }, { "start": 1036.75, "end": 1036.83, "word": " right?", "probability": 0.99365234375 } ] }, { "start": 1036.93, "end": 1041.21, "text": "Like the scarce real asset crowd is suspicious of the AI trade.", "avg_logprob": -0.1085069411330753, "no_speech_prob": 0.0, "words": [ { "start": 1036.93, "end": 1037.03, "word": " Like", "probability": 0.95166015625 }, { "start": 1037.03, "end": 1037.21, "word": " the", "probability": 0.97802734375 }, { "start": 1037.21, "end": 1037.61, "word": " scarce", "probability": 0.99951171875 }, { "start": 1037.61, "end": 1037.91, "word": " real", "probability": 0.9990234375 }, { "start": 1037.91, "end": 1038.23, "word": " asset", "probability": 0.9990234375 }, { "start": 1038.23, "end": 1038.71, "word": " crowd", "probability": 1.0 }, { "start": 1038.71, "end": 1039.25, "word": " is", "probability": 1.0 }, { "start": 1039.25, "end": 1039.81, "word": " suspicious", "probability": 1.0 }, { "start": 1039.81, "end": 1040.23, "word": " of", "probability": 1.0 }, { "start": 1040.23, "end": 1040.37, "word": " the", "probability": 1.0 }, { "start": 1040.37, "end": 1040.67, "word": " AI", "probability": 0.99951171875 }, { "start": 1040.67, "end": 1041.21, "word": " trade.", "probability": 1.0 } ] }, { "start": 1041.41, "end": 1045.69, "text": "And yet, are they connected in a way where that demand is what's fueling commodities?", "avg_logprob": -0.1085069411330753, "no_speech_prob": 0.0, "words": [ { "start": 1041.41, "end": 1041.79, "word": " And", "probability": 0.9990234375 }, { "start": 1041.79, "end": 1041.95, "word": " yet,", "probability": 1.0 }, { "start": 1042.07, "end": 1042.15, "word": " are", "probability": 1.0 }, { "start": 1042.15, "end": 1042.33, "word": " they", "probability": 1.0 }, { "start": 1042.33, "end": 1042.79, "word": " connected", "probability": 1.0 }, { "start": 1042.79, "end": 1042.99, "word": " in", "probability": 1.0 }, { "start": 1042.99, "end": 1043.09, "word": " a", "probability": 1.0 }, { "start": 1043.09, "end": 1043.25, "word": " way", "probability": 1.0 }, { "start": 1043.25, "end": 1043.59, "word": " where", "probability": 1.0 }, { "start": 1043.59, "end": 1044.03, "word": " that", "probability": 1.0 }, { "start": 1044.03, "end": 1044.39, "word": " demand", "probability": 1.0 }, { "start": 1044.39, "end": 1044.65, "word": " is", "probability": 1.0 }, { "start": 1044.65, "end": 1044.85, "word": " what's", "probability": 1.0 }, { "start": 1044.85, "end": 1045.21, "word": " fueling", "probability": 0.998779296875 }, { "start": 1045.21, "end": 1045.69, "word": " commodities?", "probability": 1.0 } ] }, { "start": 1046.13, "end": 1051.43, "text": "I mean, I think the feeling part of commodities, I mean, like on the margins, they matter.", "avg_logprob": -0.1085069411330753, "no_speech_prob": 0.0, "words": [ { "start": 1046.13, "end": 1046.43, "word": " I", "probability": 0.98828125 }, { "start": 1046.43, "end": 1046.53, "word": " mean,", "probability": 0.98291015625 }, { "start": 1046.63, "end": 1046.63, "word": " I", "probability": 0.76416015625 }, { "start": 1046.63, "end": 1046.91, "word": " think", "probability": 0.96337890625 }, { "start": 1046.91, "end": 1047.05, "word": " the", "probability": 0.541015625 }, { "start": 1047.05, "end": 1047.29, "word": " feeling", "probability": 0.71923828125 }, { "start": 1047.29, "end": 1047.63, "word": " part", "probability": 0.99853515625 }, { "start": 1047.63, "end": 1047.71, "word": " of", "probability": 1.0 }, { "start": 1047.71, "end": 1048.11, "word": " commodities,", "probability": 1.0 }, { "start": 1048.25, "end": 1048.25, "word": " I", "probability": 0.98046875 }, { "start": 1048.25, "end": 1048.37, "word": " mean,", "probability": 1.0 }, { "start": 1048.65, "end": 1049.11, "word": " like", "probability": 0.8173828125 }, { "start": 1049.11, "end": 1049.57, "word": " on", "probability": 0.7021484375 }, { "start": 1049.57, "end": 1050.01, "word": " the", "probability": 0.99853515625 }, { "start": 1050.01, "end": 1050.83, "word": " margins,", "probability": 0.78369140625 }, { "start": 1050.89, "end": 1051.07, "word": " they", "probability": 1.0 }, { "start": 1051.07, "end": 1051.43, "word": " matter.", "probability": 1.0 } ] }, { "start": 1051.65, "end": 1055.99, "text": "In terms of just global commodity consumption, AI is still a very small share.", "avg_logprob": -0.1085069411330753, "no_speech_prob": 0.0, "words": [ { "start": 1051.65, "end": 1051.91, "word": " In", "probability": 0.99951171875 }, { "start": 1051.91, "end": 1052.11, "word": " terms", "probability": 1.0 }, { "start": 1052.11, "end": 1052.27, "word": " of", "probability": 1.0 }, { "start": 1052.27, "end": 1052.47, "word": " just", "probability": 0.9873046875 }, { "start": 1052.47, "end": 1052.93, "word": " global", "probability": 1.0 }, { "start": 1052.93, "end": 1053.33, "word": " commodity", "probability": 1.0 }, { "start": 1053.33, "end": 1053.83, "word": " consumption,", "probability": 1.0 }, { "start": 1054.17, "end": 1054.51, "word": " AI", "probability": 1.0 }, { "start": 1054.51, "end": 1054.83, "word": " is", "probability": 0.99951171875 }, { "start": 1054.83, "end": 1054.95, "word": " still", "probability": 1.0 }, { "start": 1054.95, "end": 1055.07, "word": " a", "probability": 0.99755859375 }, { "start": 1055.07, "end": 1055.21, "word": " very", "probability": 1.0 }, { "start": 1055.21, "end": 1055.55, "word": " small", "probability": 1.0 }, { "start": 1055.55, "end": 1055.99, "word": " share.", "probability": 1.0 } ] }, { "start": 1057.83, "end": 1060.47, "text": "of course, certain commodities can be more in demand", "avg_logprob": -0.15917968781044087, "no_speech_prob": 0.0, "words": [ { "start": 1057.83, "end": 1058.39, "word": " of", "probability": 0.416259765625 }, { "start": 1058.39, "end": 1058.57, "word": " course,", "probability": 1.0 }, { "start": 1058.71, "end": 1058.91, "word": " certain", "probability": 0.99951171875 }, { "start": 1058.91, "end": 1059.31, "word": " commodities", "probability": 0.99951171875 }, { "start": 1059.31, "end": 1059.49, "word": " can", "probability": 0.99951171875 }, { "start": 1059.49, "end": 1059.61, "word": " be", "probability": 0.99951171875 }, { "start": 1059.61, "end": 1059.91, "word": " more", "probability": 1.0 }, { "start": 1059.91, "end": 1060.23, "word": " in", "probability": 0.99853515625 }, { "start": 1060.23, "end": 1060.47, "word": " demand", "probability": 0.87890625 } ] }, { "start": 1060.47, "end": 1062.01, "text": "than others in a given area.", "avg_logprob": -0.15917968781044087, "no_speech_prob": 0.0, "words": [ { "start": 1060.47, "end": 1060.63, "word": " than", "probability": 0.9990234375 }, { "start": 1060.63, "end": 1060.89, "word": " others", "probability": 0.9990234375 }, { "start": 1060.89, "end": 1061.15, "word": " in", "probability": 0.99609375 }, { "start": 1061.15, "end": 1061.47, "word": " a", "probability": 0.9873046875 }, { "start": 1061.47, "end": 1061.67, "word": " given", "probability": 0.9873046875 }, { "start": 1061.67, "end": 1062.01, "word": " area.", "probability": 0.99951171875 } ] }, { "start": 1062.25, "end": 1064.73, "text": "What makes this different than say the 2010s", "avg_logprob": -0.15917968781044087, "no_speech_prob": 0.0, "words": [ { "start": 1062.25, "end": 1062.51, "word": " What", "probability": 0.9990234375 }, { "start": 1062.51, "end": 1062.71, "word": " makes", "probability": 1.0 }, { "start": 1062.71, "end": 1062.87, "word": " this", "probability": 0.99755859375 }, { "start": 1062.87, "end": 1063.21, "word": " different", "probability": 0.9990234375 }, { "start": 1063.21, "end": 1063.53, "word": " than", "probability": 0.99462890625 }, { "start": 1063.53, "end": 1063.79, "word": " say", "probability": 0.548828125 }, { "start": 1063.79, "end": 1063.93, "word": " the", "probability": 0.8955078125 }, { "start": 1063.93, "end": 1064.73, "word": " 2010s", "probability": 0.92822265625 } ] }, { "start": 1064.73, "end": 1067.55, "text": "internet companies is they were very low on hardware.", "avg_logprob": -0.15917968781044087, "no_speech_prob": 0.0, "words": [ { "start": 1064.73, "end": 1064.97, "word": " internet", "probability": 0.83251953125 }, { "start": 1064.97, "end": 1065.43, "word": " companies", "probability": 0.9990234375 }, { "start": 1065.43, "end": 1065.75, "word": " is", "probability": 0.9345703125 }, { "start": 1065.75, "end": 1065.93, "word": " they", "probability": 0.98828125 }, { "start": 1065.93, "end": 1066.41, "word": " were", "probability": 0.99853515625 }, { "start": 1066.41, "end": 1066.59, "word": " very", "probability": 0.95703125 }, { "start": 1066.59, "end": 1066.93, "word": " low", "probability": 0.99951171875 }, { "start": 1066.93, "end": 1067.13, "word": " on", "probability": 0.99462890625 }, { "start": 1067.13, "end": 1067.55, "word": " hardware.", "probability": 0.99951171875 } ] }, { "start": 1068.07, "end": 1069.61, "text": "They had to have data centers,", "avg_logprob": -0.15917968781044087, "no_speech_prob": 0.0, "words": [ { "start": 1068.07, "end": 1068.61, "word": " They", "probability": 0.775390625 }, { "start": 1068.61, "end": 1068.79, "word": " had", "probability": 0.99951171875 }, { "start": 1068.79, "end": 1068.87, "word": " to", "probability": 0.998046875 }, { "start": 1068.87, "end": 1068.97, "word": " have", "probability": 0.99951171875 }, { "start": 1068.97, "end": 1069.21, "word": " data", "probability": 0.99658203125 }, { "start": 1069.21, "end": 1069.61, "word": " centers,", "probability": 0.99853515625 } ] }, { "start": 1069.79, "end": 1072.09, "text": "but social media and search engines", "avg_logprob": -0.15917968781044087, "no_speech_prob": 0.0, "words": [ { "start": 1069.79, "end": 1069.97, "word": " but", "probability": 0.99755859375 }, { "start": 1069.97, "end": 1070.95, "word": " social", "probability": 0.9716796875 }, { "start": 1070.95, "end": 1071.27, "word": " media", "probability": 1.0 }, { "start": 1071.27, "end": 1071.55, "word": " and", "probability": 0.998046875 }, { "start": 1071.55, "end": 1071.79, "word": " search", "probability": 0.99951171875 }, { "start": 1071.79, "end": 1072.09, "word": " engines", "probability": 1.0 } ] }, { "start": 1072.09, "end": 1074.25, "text": "are not that computationally intensive.", "avg_logprob": -0.15917968781044087, "no_speech_prob": 0.0, "words": [ { "start": 1072.09, "end": 1072.25, "word": " are", "probability": 0.9990234375 }, { "start": 1072.25, "end": 1072.45, "word": " not", "probability": 0.99951171875 }, { "start": 1072.45, "end": 1072.77, "word": " that", "probability": 0.99951171875 }, { "start": 1072.77, "end": 1073.89, "word": " computationally", "probability": 0.9921875 }, { "start": 1073.89, "end": 1074.25, "word": " intensive.", "probability": 0.99755859375 } ] }, { "start": 1075.55, "end": 1077.97, "text": "And it's more about basically putting everything", "avg_logprob": -0.15917968781044087, "no_speech_prob": 0.0, "words": [ { "start": 1075.55, "end": 1076.11, "word": " And", "probability": 0.82080078125 }, { "start": 1076.11, "end": 1076.27, "word": " it's", "probability": 0.999755859375 }, { "start": 1076.27, "end": 1076.41, "word": " more", "probability": 0.99951171875 }, { "start": 1076.41, "end": 1076.69, "word": " about", "probability": 0.9892578125 }, { "start": 1076.69, "end": 1077.11, "word": " basically", "probability": 0.94580078125 }, { "start": 1077.11, "end": 1077.73, "word": " putting", "probability": 0.98681640625 }, { "start": 1077.73, "end": 1077.97, "word": " everything", "probability": 0.9990234375 } ] }, { "start": 1077.97, "end": 1082.27, "text": "into mobile, into the cloud, pretty low physical costs.", "avg_logprob": -0.15917968781044087, "no_speech_prob": 0.0, "words": [ { "start": 1077.97, "end": 1078.11, "word": " into", "probability": 0.86865234375 }, { "start": 1078.11, "end": 1078.55, "word": " mobile,", "probability": 0.99755859375 }, { "start": 1078.87, "end": 1079.05, "word": " into", "probability": 0.91162109375 }, { "start": 1079.05, "end": 1079.21, "word": " the", "probability": 0.99951171875 }, { "start": 1079.21, "end": 1079.63, "word": " cloud,", "probability": 0.99462890625 }, { "start": 1080.07, "end": 1080.85, "word": " pretty", "probability": 0.99951171875 }, { "start": 1080.85, "end": 1081.23, "word": " low", "probability": 0.98779296875 }, { "start": 1081.23, "end": 1081.61, "word": " physical", "probability": 0.99951171875 }, { "start": 1081.61, "end": 1082.27, "word": " costs.", "probability": 0.9970703125 } ] }, { "start": 1082.27, "end": 1088.07, "text": "uh whereas now there are a lot there are a lot more physical costs um this type of computation", "avg_logprob": -0.09241832233965397, "no_speech_prob": 0.0, "words": [ { "start": 1082.27, "end": 1082.73, "word": " uh", "probability": 0.0390625 }, { "start": 1082.73, "end": 1083.09, "word": " whereas", "probability": 0.58837890625 }, { "start": 1083.09, "end": 1083.41, "word": " now", "probability": 0.99951171875 }, { "start": 1083.41, "end": 1083.71, "word": " there", "probability": 0.9990234375 }, { "start": 1083.71, "end": 1083.91, "word": " are", "probability": 0.99951171875 }, { "start": 1083.91, "end": 1084.05, "word": " a", "probability": 0.99951171875 }, { "start": 1084.05, "end": 1084.21, "word": " lot", "probability": 0.99951171875 }, { "start": 1084.21, "end": 1084.65, "word": " there", "probability": 0.97216796875 }, { "start": 1084.65, "end": 1085.03, "word": " are", "probability": 0.99951171875 }, { "start": 1085.03, "end": 1085.17, "word": " a", "probability": 1.0 }, { "start": 1085.17, "end": 1085.25, "word": " lot", "probability": 1.0 }, { "start": 1085.25, "end": 1085.43, "word": " more", "probability": 1.0 }, { "start": 1085.43, "end": 1085.77, "word": " physical", "probability": 0.99951171875 }, { "start": 1085.77, "end": 1086.41, "word": " costs", "probability": 0.99951171875 }, { "start": 1086.41, "end": 1086.75, "word": " um", "probability": 0.916015625 }, { "start": 1086.75, "end": 1087.33, "word": " this", "probability": 0.9990234375 }, { "start": 1087.33, "end": 1087.49, "word": " type", "probability": 1.0 }, { "start": 1087.49, "end": 1087.61, "word": " of", "probability": 0.998046875 }, { "start": 1087.61, "end": 1088.07, "word": " computation", "probability": 0.9345703125 } ] }, { "start": 1088.07, "end": 1095.55, "text": "is just inherently different um you know and so i do think that the the whole kind of structural", "avg_logprob": -0.09241832233965397, "no_speech_prob": 0.0, "words": [ { "start": 1088.07, "end": 1088.31, "word": " is", "probability": 0.9921875 }, { "start": 1088.31, "end": 1088.45, "word": " just", "probability": 0.99560546875 }, { "start": 1088.45, "end": 1088.81, "word": " inherently", "probability": 0.99755859375 }, { "start": 1088.81, "end": 1089.23, "word": " different", "probability": 0.9990234375 }, { "start": 1089.23, "end": 1090.03, "word": " um", "probability": 0.9892578125 }, { "start": 1090.03, "end": 1090.57, "word": " you", "probability": 0.9990234375 }, { "start": 1090.57, "end": 1090.69, "word": " know", "probability": 0.99951171875 }, { "start": 1090.69, "end": 1091.29, "word": " and", "probability": 0.99951171875 }, { "start": 1091.29, "end": 1091.75, "word": " so", "probability": 0.86669921875 }, { "start": 1091.75, "end": 1092.87, "word": " i", "probability": 0.7822265625 }, { "start": 1092.87, "end": 1092.99, "word": " do", "probability": 1.0 }, { "start": 1092.99, "end": 1093.13, "word": " think", "probability": 1.0 }, { "start": 1093.13, "end": 1093.29, "word": " that", "probability": 0.99951171875 }, { "start": 1093.29, "end": 1093.53, "word": " the", "probability": 0.98388671875 }, { "start": 1093.53, "end": 1093.75, "word": " the", "probability": 0.9814453125 }, { "start": 1093.75, "end": 1094.27, "word": " whole", "probability": 0.99462890625 }, { "start": 1094.27, "end": 1094.53, "word": " kind", "probability": 1.0 }, { "start": 1094.53, "end": 1094.71, "word": " of", "probability": 1.0 }, { "start": 1094.71, "end": 1095.55, "word": " structural", "probability": 0.99951171875 } ] }, { "start": 1095.55, "end": 1102.31, "text": "just the need for compute does around the margins may mean we need more power we need more um just", "avg_logprob": -0.09241832233965397, "no_speech_prob": 0.0, "words": [ { "start": 1095.55, "end": 1095.97, "word": " just", "probability": 0.986328125 }, { "start": 1095.97, "end": 1096.17, "word": " the", "probability": 0.9990234375 }, { "start": 1096.17, "end": 1096.49, "word": " need", "probability": 1.0 }, { "start": 1096.49, "end": 1096.67, "word": " for", "probability": 0.99951171875 }, { "start": 1096.67, "end": 1097.15, "word": " compute", "probability": 0.99853515625 }, { "start": 1097.15, "end": 1097.97, "word": " does", "probability": 0.99560546875 }, { "start": 1097.97, "end": 1098.17, "word": " around", "probability": 0.7412109375 }, { "start": 1098.17, "end": 1098.29, "word": " the", "probability": 1.0 }, { "start": 1098.29, "end": 1098.73, "word": " margins", "probability": 0.99951171875 }, { "start": 1098.73, "end": 1099.21, "word": " may", "probability": 0.568359375 }, { "start": 1099.21, "end": 1099.55, "word": " mean", "probability": 0.99951171875 }, { "start": 1099.55, "end": 1099.69, "word": " we", "probability": 0.99951171875 }, { "start": 1099.69, "end": 1099.83, "word": " need", "probability": 1.0 }, { "start": 1099.83, "end": 1100.03, "word": " more", "probability": 1.0 }, { "start": 1100.03, "end": 1100.49, "word": " power", "probability": 1.0 }, { "start": 1100.49, "end": 1101.05, "word": " we", "probability": 0.99951171875 }, { "start": 1101.05, "end": 1101.23, "word": " need", "probability": 1.0 }, { "start": 1101.23, "end": 1101.61, "word": " more", "probability": 1.0 }, { "start": 1101.61, "end": 1101.93, "word": " um", "probability": 0.93212890625 }, { "start": 1101.93, "end": 1102.31, "word": " just", "probability": 1.0 } ] }, { "start": 1102.31, "end": 1108.29, "text": "compute materials and things like that so that's a real trade um but like total energy use is still", "avg_logprob": -0.09241832233965397, "no_speech_prob": 0.0, "words": [ { "start": 1102.31, "end": 1102.75, "word": " compute", "probability": 0.99072265625 }, { "start": 1102.75, "end": 1103.39, "word": " materials", "probability": 1.0 }, { "start": 1103.39, "end": 1103.59, "word": " and", "probability": 1.0 }, { "start": 1103.59, "end": 1103.73, "word": " things", "probability": 0.9970703125 }, { "start": 1103.73, "end": 1103.89, "word": " like", "probability": 0.99951171875 }, { "start": 1103.89, "end": 1104.17, "word": " that", "probability": 0.9990234375 }, { "start": 1104.17, "end": 1104.55, "word": " so", "probability": 0.99951171875 }, { "start": 1104.55, "end": 1104.77, "word": " that's", "probability": 1.0 }, { "start": 1104.77, "end": 1104.89, "word": " a", "probability": 0.99951171875 }, { "start": 1104.89, "end": 1105.07, "word": " real", "probability": 0.9990234375 }, { "start": 1105.07, "end": 1105.51, "word": " trade", "probability": 0.99951171875 }, { "start": 1105.51, "end": 1106.17, "word": " um", "probability": 0.9716796875 }, { "start": 1106.17, "end": 1106.73, "word": " but", "probability": 0.99951171875 }, { "start": 1106.73, "end": 1106.87, "word": " like", "probability": 0.99951171875 }, { "start": 1106.87, "end": 1107.19, "word": " total", "probability": 1.0 }, { "start": 1107.19, "end": 1107.53, "word": " energy", "probability": 1.0 }, { "start": 1107.53, "end": 1107.91, "word": " use", "probability": 0.9990234375 }, { "start": 1107.91, "end": 1108.15, "word": " is", "probability": 0.99853515625 }, { "start": 1108.15, "end": 1108.29, "word": " still", "probability": 0.99951171875 } ] }, { "start": 1108.29, "end": 1113.17, "text": "primarily going obviously to not ai uh total commodity use like copper and things like that", "avg_logprob": -0.06699587095458552, "no_speech_prob": 0.0, "words": [ { "start": 1108.29, "end": 1108.59, "word": " primarily", "probability": 0.95166015625 }, { "start": 1108.59, "end": 1108.85, "word": " going", "probability": 1.0 }, { "start": 1108.85, "end": 1109.13, "word": " obviously", "probability": 0.83203125 }, { "start": 1109.13, "end": 1109.27, "word": " to", "probability": 0.99609375 }, { "start": 1109.27, "end": 1109.45, "word": " not", "probability": 0.75390625 }, { "start": 1109.45, "end": 1109.77, "word": " ai", "probability": 0.13623046875 }, { "start": 1109.77, "end": 1110.49, "word": " uh", "probability": 0.86865234375 }, { "start": 1110.49, "end": 1111.01, "word": " total", "probability": 1.0 }, { "start": 1111.01, "end": 1111.55, "word": " commodity", "probability": 0.99951171875 }, { "start": 1111.55, "end": 1111.81, "word": " use", "probability": 0.9990234375 }, { "start": 1111.81, "end": 1112.01, "word": " like", "probability": 1.0 }, { "start": 1112.01, "end": 1112.41, "word": " copper", "probability": 1.0 }, { "start": 1112.41, "end": 1112.57, "word": " and", "probability": 1.0 }, { "start": 1112.57, "end": 1112.75, "word": " things", "probability": 1.0 }, { "start": 1112.75, "end": 1112.89, "word": " like", "probability": 1.0 }, { "start": 1112.89, "end": 1113.17, "word": " that", "probability": 0.9990234375 } ] }, { "start": 1113.17, "end": 1118.45, "text": "i mean it just in various types of construction is still a massive deal elsewhere that's one thing", "avg_logprob": -0.06699587095458552, "no_speech_prob": 0.0, "words": [ { "start": 1113.17, "end": 1113.31, "word": " i", "probability": 0.99365234375 }, { "start": 1113.31, "end": 1113.45, "word": " mean", "probability": 0.99853515625 }, { "start": 1113.45, "end": 1113.61, "word": " it", "probability": 0.8046875 }, { "start": 1113.61, "end": 1113.81, "word": " just", "probability": 0.9990234375 }, { "start": 1113.81, "end": 1114.35, "word": " in", "probability": 1.0 }, { "start": 1114.35, "end": 1114.61, "word": " various", "probability": 0.974609375 }, { "start": 1114.61, "end": 1114.81, "word": " types", "probability": 0.90087890625 }, { "start": 1114.81, "end": 1114.91, "word": " of", "probability": 0.99951171875 }, { "start": 1114.91, "end": 1115.33, "word": " construction", "probability": 0.99755859375 }, { "start": 1115.33, "end": 1115.83, "word": " is", "probability": 0.69921875 }, { "start": 1115.83, "end": 1116.11, "word": " still", "probability": 1.0 }, { "start": 1116.11, "end": 1116.47, "word": " a", "probability": 1.0 }, { "start": 1116.47, "end": 1116.79, "word": " massive", "probability": 1.0 }, { "start": 1116.79, "end": 1117.01, "word": " deal", "probability": 1.0 }, { "start": 1117.01, "end": 1117.45, "word": " elsewhere", "probability": 0.99951171875 }, { "start": 1117.45, "end": 1118.09, "word": " that's", "probability": 0.906005859375 }, { "start": 1118.09, "end": 1118.29, "word": " one", "probability": 1.0 }, { "start": 1118.29, "end": 1118.45, "word": " thing", "probability": 1.0 } ] }, { "start": 1118.45, "end": 1122.89, "text": "i would consider i mean it's also just the the increased kind of militarization of the world", "avg_logprob": -0.06699587095458552, "no_speech_prob": 0.0, "words": [ { "start": 1118.45, "end": 1118.55, "word": " i", "probability": 1.0 }, { "start": 1118.55, "end": 1118.65, "word": " would", "probability": 0.998046875 }, { "start": 1118.65, "end": 1118.95, "word": " consider", "probability": 0.99853515625 }, { "start": 1118.95, "end": 1119.11, "word": " i", "probability": 0.99951171875 }, { "start": 1119.11, "end": 1119.17, "word": " mean", "probability": 0.99755859375 }, { "start": 1119.17, "end": 1119.31, "word": " it's", "probability": 0.999755859375 }, { "start": 1119.31, "end": 1119.55, "word": " also", "probability": 0.9990234375 }, { "start": 1119.55, "end": 1119.81, "word": " just", "probability": 0.9990234375 }, { "start": 1119.81, "end": 1120.03, "word": " the", "probability": 1.0 }, { "start": 1120.03, "end": 1120.35, "word": " the", "probability": 0.9892578125 }, { "start": 1120.35, "end": 1121.31, "word": " increased", "probability": 0.9990234375 }, { "start": 1121.31, "end": 1121.49, "word": " kind", "probability": 1.0 }, { "start": 1121.49, "end": 1121.59, "word": " of", "probability": 1.0 }, { "start": 1121.59, "end": 1122.23, "word": " militarization", "probability": 0.997314453125 }, { "start": 1122.23, "end": 1122.55, "word": " of", "probability": 1.0 }, { "start": 1122.55, "end": 1122.65, "word": " the", "probability": 0.9990234375 }, { "start": 1122.65, "end": 1122.89, "word": " world", "probability": 0.99853515625 } ] }, { "start": 1122.89, "end": 1129.49, "text": "you know europe spending more on defense uh the u.s uh treasury uh defense secretary asking for a", "avg_logprob": -0.06699587095458552, "no_speech_prob": 0.0, "words": [ { "start": 1122.89, "end": 1123.35, "word": " you", "probability": 1.0 }, { "start": 1123.35, "end": 1123.43, "word": " know", "probability": 0.99951171875 }, { "start": 1123.43, "end": 1123.71, "word": " europe", "probability": 0.99609375 }, { "start": 1123.71, "end": 1124.07, "word": " spending", "probability": 0.98681640625 }, { "start": 1124.07, "end": 1124.29, "word": " more", "probability": 1.0 }, { "start": 1124.29, "end": 1124.45, "word": " on", "probability": 1.0 }, { "start": 1124.45, "end": 1124.91, "word": " defense", "probability": 0.99609375 }, { "start": 1124.91, "end": 1125.53, "word": " uh", "probability": 0.99365234375 }, { "start": 1125.53, "end": 1125.85, "word": " the", "probability": 1.0 }, { "start": 1125.85, "end": 1126.01, "word": " u", "probability": 0.9296875 }, { "start": 1126.01, "end": 1126.31, "word": ".s", "probability": 0.99951171875 }, { "start": 1126.31, "end": 1126.59, "word": " uh", "probability": 0.99365234375 }, { "start": 1126.59, "end": 1126.91, "word": " treasury", "probability": 0.5654296875 }, { "start": 1126.91, "end": 1127.25, "word": " uh", "probability": 0.8828125 }, { "start": 1127.25, "end": 1128.01, "word": " defense", "probability": 0.9375 }, { "start": 1128.01, "end": 1128.45, "word": " secretary", "probability": 0.99951171875 }, { "start": 1128.45, "end": 1128.89, "word": " asking", "probability": 1.0 }, { "start": 1128.89, "end": 1129.23, "word": " for", "probability": 1.0 }, { "start": 1129.23, "end": 1129.49, "word": " a", "probability": 1.0 } ] }, { "start": 1129.49, "end": 1135.31, "text": "1.5 trillion dollar defense budget in the u.s uh these things all have commodity implications as", "avg_logprob": -0.06699587095458552, "no_speech_prob": 0.0, "words": [ { "start": 1129.49, "end": 1129.73, "word": " 1", "probability": 0.99609375 }, { "start": 1129.73, "end": 1130.19, "word": ".5", "probability": 1.0 }, { "start": 1130.19, "end": 1130.51, "word": " trillion", "probability": 1.0 }, { "start": 1130.51, "end": 1130.75, "word": " dollar", "probability": 0.98876953125 }, { "start": 1130.75, "end": 1131.11, "word": " defense", "probability": 1.0 }, { "start": 1131.11, "end": 1131.51, "word": " budget", "probability": 0.994140625 }, { "start": 1131.51, "end": 1132.07, "word": " in", "probability": 1.0 }, { "start": 1132.07, "end": 1132.15, "word": " the", "probability": 1.0 }, { "start": 1132.15, "end": 1132.29, "word": " u", "probability": 0.931640625 }, { "start": 1132.29, "end": 1132.55, "word": ".s", "probability": 1.0 }, { "start": 1132.55, "end": 1133.03, "word": " uh", "probability": 0.97412109375 }, { "start": 1133.03, "end": 1133.49, "word": " these", "probability": 1.0 }, { "start": 1133.49, "end": 1133.71, "word": " things", "probability": 1.0 }, { "start": 1133.71, "end": 1133.89, "word": " all", "probability": 1.0 }, { "start": 1133.89, "end": 1134.09, "word": " have", "probability": 1.0 }, { "start": 1134.09, "end": 1134.47, "word": " commodity", "probability": 0.9990234375 }, { "start": 1134.47, "end": 1134.99, "word": " implications", "probability": 0.99951171875 }, { "start": 1134.99, "end": 1135.31, "word": " as", "probability": 1.0 } ] }, { "start": 1135.31, "end": 1140.19, "text": "well i mean if you're if you're building more missiles i mean sadly that is a source of commodity", "avg_logprob": -0.05870642921385857, "no_speech_prob": 0.0, "words": [ { "start": 1135.31, "end": 1135.51, "word": " well", "probability": 0.88720703125 }, { "start": 1135.51, "end": 1135.73, "word": " i", "probability": 0.390869140625 }, { "start": 1135.73, "end": 1135.81, "word": " mean", "probability": 1.0 }, { "start": 1135.81, "end": 1135.93, "word": " if", "probability": 1.0 }, { "start": 1135.93, "end": 1136.05, "word": " you're", "probability": 1.0 }, { "start": 1136.05, "end": 1136.17, "word": " if", "probability": 0.97265625 }, { "start": 1136.17, "end": 1136.33, "word": " you're", "probability": 1.0 }, { "start": 1136.33, "end": 1136.89, "word": " building", "probability": 1.0 }, { "start": 1136.89, "end": 1137.09, "word": " more", "probability": 1.0 }, { "start": 1137.09, "end": 1137.49, "word": " missiles", "probability": 1.0 }, { "start": 1137.49, "end": 1138.71, "word": " i", "probability": 1.0 }, { "start": 1138.71, "end": 1138.81, "word": " mean", "probability": 1.0 }, { "start": 1138.81, "end": 1139.11, "word": " sadly", "probability": 1.0 }, { "start": 1139.11, "end": 1139.29, "word": " that", "probability": 1.0 }, { "start": 1139.29, "end": 1139.41, "word": " is", "probability": 0.99951171875 }, { "start": 1139.41, "end": 1139.49, "word": " a", "probability": 1.0 }, { "start": 1139.49, "end": 1139.69, "word": " source", "probability": 0.9736328125 }, { "start": 1139.69, "end": 1139.83, "word": " of", "probability": 1.0 }, { "start": 1139.83, "end": 1140.19, "word": " commodity", "probability": 0.99755859375 } ] }, { "start": 1140.19, "end": 1147.11, "text": "demand um uh and then just other major factors i mean for example the slowdown in china kind of", "avg_logprob": -0.05870642921385857, "no_speech_prob": 0.0, "words": [ { "start": 1140.19, "end": 1140.77, "word": " demand", "probability": 1.0 }, { "start": 1140.77, "end": 1141.87, "word": " um", "probability": 0.88671875 }, { "start": 1141.87, "end": 1142.55, "word": " uh", "probability": 0.6923828125 }, { "start": 1142.55, "end": 1142.85, "word": " and", "probability": 1.0 }, { "start": 1142.85, "end": 1142.97, "word": " then", "probability": 0.99951171875 }, { "start": 1142.97, "end": 1143.25, "word": " just", "probability": 1.0 }, { "start": 1143.25, "end": 1144.11, "word": " other", "probability": 1.0 }, { "start": 1144.11, "end": 1144.37, "word": " major", "probability": 1.0 }, { "start": 1144.37, "end": 1144.79, "word": " factors", "probability": 1.0 }, { "start": 1144.79, "end": 1144.99, "word": " i", "probability": 1.0 }, { "start": 1144.99, "end": 1145.07, "word": " mean", "probability": 0.99951171875 }, { "start": 1145.07, "end": 1145.23, "word": " for", "probability": 1.0 }, { "start": 1145.23, "end": 1145.49, "word": " example", "probability": 0.99951171875 }, { "start": 1145.49, "end": 1145.73, "word": " the", "probability": 1.0 }, { "start": 1145.73, "end": 1146.21, "word": " slowdown", "probability": 0.987548828125 }, { "start": 1146.21, "end": 1146.43, "word": " in", "probability": 1.0 }, { "start": 1146.43, "end": 1146.75, "word": " china", "probability": 0.9892578125 }, { "start": 1146.75, "end": 1147.03, "word": " kind", "probability": 0.99951171875 }, { "start": 1147.03, "end": 1147.11, "word": " of", "probability": 0.99951171875 } ] }, { "start": 1147.11, "end": 1151.97, "text": "china reaching peak demographics is is one of the biggest weights on commodities because they have", "avg_logprob": -0.05870642921385857, "no_speech_prob": 0.0, "words": [ { "start": 1147.11, "end": 1147.35, "word": " china", "probability": 0.99560546875 }, { "start": 1147.35, "end": 1147.65, "word": " reaching", "probability": 0.99609375 }, { "start": 1147.65, "end": 1147.91, "word": " peak", "probability": 0.99951171875 }, { "start": 1147.91, "end": 1148.49, "word": " demographics", "probability": 1.0 }, { "start": 1148.49, "end": 1149.57, "word": " is", "probability": 1.0 }, { "start": 1149.57, "end": 1149.87, "word": " is", "probability": 0.76025390625 }, { "start": 1149.87, "end": 1149.97, "word": " one", "probability": 1.0 }, { "start": 1149.97, "end": 1150.03, "word": " of", "probability": 1.0 }, { "start": 1150.03, "end": 1150.13, "word": " the", "probability": 0.99951171875 }, { "start": 1150.13, "end": 1150.41, "word": " biggest", "probability": 0.99951171875 }, { "start": 1150.41, "end": 1150.71, "word": " weights", "probability": 0.99609375 }, { "start": 1150.71, "end": 1150.89, "word": " on", "probability": 1.0 }, { "start": 1150.89, "end": 1151.37, "word": " commodities", "probability": 0.9990234375 }, { "start": 1151.37, "end": 1151.67, "word": " because", "probability": 1.0 }, { "start": 1151.67, "end": 1151.79, "word": " they", "probability": 1.0 }, { "start": 1151.79, "end": 1151.97, "word": " have", "probability": 1.0 } ] }, { "start": 1151.97, "end": 1157.73, "text": "all this oversupply uh not just of of buildings they've made but also manufacturing output so", "avg_logprob": -0.05870642921385857, "no_speech_prob": 0.0, "words": [ { "start": 1151.97, "end": 1152.11, "word": " all", "probability": 1.0 }, { "start": 1152.11, "end": 1152.33, "word": " this", "probability": 1.0 }, { "start": 1152.33, "end": 1153.49, "word": " oversupply", "probability": 0.97412109375 }, { "start": 1153.49, "end": 1154.27, "word": " uh", "probability": 0.98193359375 }, { "start": 1154.27, "end": 1154.65, "word": " not", "probability": 1.0 }, { "start": 1154.65, "end": 1154.85, "word": " just", "probability": 1.0 }, { "start": 1154.85, "end": 1155.07, "word": " of", "probability": 1.0 }, { "start": 1155.07, "end": 1155.37, "word": " of", "probability": 0.6435546875 }, { "start": 1155.37, "end": 1155.65, "word": " buildings", "probability": 1.0 }, { "start": 1155.65, "end": 1155.99, "word": " they've", "probability": 0.998291015625 }, { "start": 1155.99, "end": 1156.07, "word": " made", "probability": 0.99755859375 }, { "start": 1156.07, "end": 1156.27, "word": " but", "probability": 1.0 }, { "start": 1156.27, "end": 1156.45, "word": " also", "probability": 0.99853515625 }, { "start": 1156.45, "end": 1157.09, "word": " manufacturing", "probability": 1.0 }, { "start": 1157.09, "end": 1157.47, "word": " output", "probability": 0.98583984375 }, { "start": 1157.47, "end": 1157.73, "word": " so", "probability": 1.0 } ] }, { "start": 1157.73, "end": 1162.83, "text": "they can actually output more than they are currently without a ton of build out necessarily", "avg_logprob": -0.05870642921385857, "no_speech_prob": 0.0, "words": [ { "start": 1157.73, "end": 1157.85, "word": " they", "probability": 1.0 }, { "start": 1157.85, "end": 1157.99, "word": " can", "probability": 0.9990234375 }, { "start": 1157.99, "end": 1158.17, "word": " actually", "probability": 0.9990234375 }, { "start": 1158.17, "end": 1158.53, "word": " output", "probability": 0.99951171875 }, { "start": 1158.53, "end": 1159.05, "word": " more", "probability": 1.0 }, { "start": 1159.05, "end": 1159.63, "word": " than", "probability": 1.0 }, { "start": 1159.63, "end": 1159.75, "word": " they", "probability": 1.0 }, { "start": 1159.75, "end": 1159.89, "word": " are", "probability": 1.0 }, { "start": 1159.89, "end": 1160.35, "word": " currently", "probability": 1.0 }, { "start": 1160.35, "end": 1161.01, "word": " without", "probability": 1.0 }, { "start": 1161.01, "end": 1161.25, "word": " a", "probability": 1.0 }, { "start": 1161.25, "end": 1161.47, "word": " ton", "probability": 0.99951171875 }, { "start": 1161.47, "end": 1161.71, "word": " of", "probability": 1.0 }, { "start": 1161.71, "end": 1162.11, "word": " build", "probability": 0.9990234375 }, { "start": 1162.11, "end": 1162.29, "word": " out", "probability": 0.65869140625 }, { "start": 1162.29, "end": 1162.83, "word": " necessarily", "probability": 1.0 } ] }, { "start": 1162.83, "end": 1184.51, "text": "So there's an overhang there. So there's like, there's, there's things that are right. AI is asking for more commodities and defense spending is asking for more commodities. Whereas like say China is asking for, uh, maybe not less, but like less growth of commodities, for example. Um, and those have to be considered as, as competing things whenever, whenever someone wants to have a macro argument for, for their commodity position.", "avg_logprob": -0.11645507921154301, "no_speech_prob": 0.0, "words": [ { "start": 1162.83, "end": 1163.59, "word": " So", "probability": 0.90576171875 }, { "start": 1163.59, "end": 1163.83, "word": " there's", "probability": 0.979736328125 }, { "start": 1163.83, "end": 1163.93, "word": " an", "probability": 1.0 }, { "start": 1163.93, "end": 1164.43, "word": " overhang", "probability": 1.0 }, { "start": 1164.43, "end": 1164.67, "word": " there.", "probability": 1.0 }, { "start": 1164.89, "end": 1164.89, "word": " So", "probability": 0.96337890625 }, { "start": 1164.89, "end": 1165.11, "word": " there's", "probability": 0.998291015625 }, { "start": 1165.11, "end": 1165.21, "word": " like,", "probability": 0.364501953125 }, { "start": 1165.33, "end": 1165.49, "word": " there's,", "probability": 0.998291015625 }, { "start": 1165.49, "end": 1165.95, "word": " there's", "probability": 0.999755859375 }, { "start": 1165.95, "end": 1166.13, "word": " things", "probability": 1.0 }, { "start": 1166.13, "end": 1166.27, "word": " that", "probability": 1.0 }, { "start": 1166.27, "end": 1166.39, "word": " are", "probability": 0.998046875 }, { "start": 1166.39, "end": 1166.63, "word": " right.", "probability": 0.5908203125 }, { "start": 1166.73, "end": 1167.17, "word": " AI", "probability": 0.80615234375 }, { "start": 1167.17, "end": 1167.65, "word": " is", "probability": 1.0 }, { "start": 1167.65, "end": 1167.93, "word": " asking", "probability": 1.0 }, { "start": 1167.93, "end": 1168.09, "word": " for", "probability": 1.0 }, { "start": 1168.09, "end": 1168.25, "word": " more", "probability": 1.0 }, { "start": 1168.25, "end": 1168.67, "word": " commodities", "probability": 1.0 }, { "start": 1168.67, "end": 1168.89, "word": " and", "probability": 0.9921875 }, { "start": 1168.89, "end": 1169.19, "word": " defense", "probability": 0.998046875 }, { "start": 1169.19, "end": 1169.51, "word": " spending", "probability": 0.98388671875 }, { "start": 1169.51, "end": 1169.63, "word": " is", "probability": 0.98779296875 }, { "start": 1169.63, "end": 1169.87, "word": " asking", "probability": 1.0 }, { "start": 1169.87, "end": 1170.07, "word": " for", "probability": 1.0 }, { "start": 1170.07, "end": 1170.25, "word": " more", "probability": 1.0 }, { "start": 1170.25, "end": 1170.69, "word": " commodities.", "probability": 1.0 }, { "start": 1170.89, "end": 1171.29, "word": " Whereas", "probability": 0.99951171875 }, { "start": 1171.29, "end": 1171.51, "word": " like", "probability": 0.99267578125 }, { "start": 1171.51, "end": 1171.65, "word": " say", "probability": 0.73388671875 }, { "start": 1171.65, "end": 1171.99, "word": " China", "probability": 0.94921875 }, { "start": 1171.99, "end": 1172.15, "word": " is", "probability": 0.86328125 }, { "start": 1172.15, "end": 1172.43, "word": " asking", "probability": 1.0 }, { "start": 1172.43, "end": 1172.75, "word": " for,", "probability": 1.0 }, { "start": 1172.95, "end": 1173.49, "word": " uh,", "probability": 0.6357421875 }, { "start": 1173.59, "end": 1173.81, "word": " maybe", "probability": 1.0 }, { "start": 1173.81, "end": 1173.97, "word": " not", "probability": 1.0 }, { "start": 1173.97, "end": 1174.33, "word": " less,", "probability": 1.0 }, { "start": 1174.43, "end": 1174.51, "word": " but", "probability": 1.0 }, { "start": 1174.51, "end": 1174.71, "word": " like", "probability": 1.0 }, { "start": 1174.71, "end": 1174.93, "word": " less", "probability": 1.0 }, { "start": 1174.93, "end": 1175.35, "word": " growth", "probability": 1.0 }, { "start": 1175.35, "end": 1175.47, "word": " of", "probability": 0.99951171875 }, { "start": 1175.47, "end": 1175.91, "word": " commodities,", "probability": 0.99658203125 }, { "start": 1176.15, "end": 1176.27, "word": " for", "probability": 1.0 }, { "start": 1176.27, "end": 1176.63, "word": " example.", "probability": 1.0 }, { "start": 1177.01, "end": 1177.45, "word": " Um,", "probability": 0.99658203125 }, { "start": 1178.29, "end": 1178.47, "word": " and", "probability": 1.0 }, { "start": 1178.47, "end": 1178.63, "word": " those", "probability": 1.0 }, { "start": 1178.63, "end": 1178.75, "word": " have", "probability": 1.0 }, { "start": 1178.75, "end": 1178.85, "word": " to", "probability": 1.0 }, { "start": 1178.85, "end": 1178.97, "word": " be", "probability": 1.0 }, { "start": 1178.97, "end": 1179.35, "word": " considered", "probability": 1.0 }, { "start": 1179.35, "end": 1179.65, "word": " as,", "probability": 1.0 }, { "start": 1179.67, "end": 1179.85, "word": " as", "probability": 1.0 }, { "start": 1179.85, "end": 1180.29, "word": " competing", "probability": 0.99951171875 }, { "start": 1180.29, "end": 1180.69, "word": " things", "probability": 1.0 }, { "start": 1180.69, "end": 1180.95, "word": " whenever,", "probability": 0.9443359375 }, { "start": 1181.11, "end": 1181.37, "word": " whenever", "probability": 0.99951171875 }, { "start": 1181.37, "end": 1181.67, "word": " someone", "probability": 1.0 }, { "start": 1181.67, "end": 1181.87, "word": " wants", "probability": 0.99951171875 }, { "start": 1181.87, "end": 1181.97, "word": " to", "probability": 1.0 }, { "start": 1181.97, "end": 1182.11, "word": " have", "probability": 1.0 }, { "start": 1182.11, "end": 1182.23, "word": " a", "probability": 0.99951171875 }, { "start": 1182.23, "end": 1182.57, "word": " macro", "probability": 0.99951171875 }, { "start": 1182.57, "end": 1183.03, "word": " argument", "probability": 1.0 }, { "start": 1183.03, "end": 1183.31, "word": " for,", "probability": 1.0 }, { "start": 1183.39, "end": 1183.55, "word": " for", "probability": 1.0 }, { "start": 1183.55, "end": 1183.73, "word": " their", "probability": 1.0 }, { "start": 1183.73, "end": 1184.09, "word": " commodity", "probability": 0.99951171875 }, { "start": 1184.09, "end": 1184.51, "word": " position.", "probability": 1.0 } ] }, { "start": 1185.47, "end": 1186.73, "text": "I get this question a lot.", "avg_logprob": -0.19927885245818358, "no_speech_prob": 0.0, "words": [ { "start": 1185.47, "end": 1185.91, "word": " I", "probability": 0.853515625 }, { "start": 1185.91, "end": 1186.05, "word": " get", "probability": 0.99951171875 }, { "start": 1186.05, "end": 1186.23, "word": " this", "probability": 1.0 }, { "start": 1186.23, "end": 1186.53, "word": " question", "probability": 1.0 }, { "start": 1186.53, "end": 1186.67, "word": " a", "probability": 1.0 }, { "start": 1186.67, "end": 1186.73, "word": " lot.", "probability": 1.0 } ] }, { "start": 1186.81, "end": 1188.13, "text": "I just got this in my inbox,", "avg_logprob": -0.19927885245818358, "no_speech_prob": 0.0, "words": [ { "start": 1186.81, "end": 1186.85, "word": " I", "probability": 0.9990234375 }, { "start": 1186.85, "end": 1187.03, "word": " just", "probability": 1.0 }, { "start": 1187.03, "end": 1187.21, "word": " got", "probability": 1.0 }, { "start": 1187.21, "end": 1187.43, "word": " this", "probability": 1.0 }, { "start": 1187.43, "end": 1187.59, "word": " in", "probability": 1.0 }, { "start": 1187.59, "end": 1187.71, "word": " my", "probability": 1.0 }, { "start": 1187.71, "end": 1188.13, "word": " inbox,", "probability": 1.0 } ] }, { "start": 1188.61, "end": 1191.13, "text": "listening to you talk about gold and silver", "avg_logprob": -0.19927885245818358, "no_speech_prob": 0.0, "words": [ { "start": 1188.61, "end": 1189.05, "word": " listening", "probability": 0.9853515625 }, { "start": 1189.05, "end": 1189.23, "word": " to", "probability": 1.0 }, { "start": 1189.23, "end": 1189.31, "word": " you", "probability": 0.9970703125 }, { "start": 1189.31, "end": 1189.53, "word": " talk", "probability": 1.0 }, { "start": 1189.53, "end": 1189.75, "word": " about", "probability": 1.0 }, { "start": 1189.75, "end": 1190.09, "word": " gold", "probability": 0.99951171875 }, { "start": 1190.09, "end": 1190.31, "word": " and", "probability": 0.99609375 }, { "start": 1190.31, "end": 1191.13, "word": " silver", "probability": 0.9912109375 } ] }, { "start": 1191.71, "end": 1193.07, "text": "and the hard assets.", "avg_logprob": -0.19927885245818358, "no_speech_prob": 0.0, "words": [ { "start": 1191.71, "end": 1192.15, "word": " and", "probability": 0.98291015625 }, { "start": 1192.15, "end": 1192.27, "word": " the", "probability": 1.0 }, { "start": 1192.27, "end": 1192.45, "word": " hard", "probability": 0.99951171875 }, { "start": 1192.45, "end": 1193.07, "word": " assets.", "probability": 1.0 } ] }, { "start": 1194.05, "end": 1195.85, "text": "And this was from someone,", "avg_logprob": -0.19927885245818358, "no_speech_prob": 0.0, "words": [ { "start": 1194.05, "end": 1194.49, "word": " And", "probability": 0.853515625 }, { "start": 1194.49, "end": 1194.65, "word": " this", "probability": 1.0 }, { "start": 1194.65, "end": 1194.79, "word": " was", "probability": 1.0 }, { "start": 1194.79, "end": 1194.99, "word": " from", "probability": 1.0 }, { "start": 1194.99, "end": 1195.85, "word": " someone,", "probability": 0.9638671875 } ] }, { "start": 1195.91, "end": 1196.81, "text": "I wonder your thoughts on this,", "avg_logprob": -0.19927885245818358, "no_speech_prob": 0.0, "words": [ { "start": 1195.91, "end": 1195.99, "word": " I", "probability": 0.99951171875 }, { "start": 1195.99, "end": 1196.15, "word": " wonder", "probability": 0.99951171875 }, { "start": 1196.15, "end": 1196.29, "word": " your", "probability": 0.97705078125 }, { "start": 1196.29, "end": 1196.53, "word": " thoughts", "probability": 1.0 }, { "start": 1196.53, "end": 1196.67, "word": " on", "probability": 1.0 }, { "start": 1196.67, "end": 1196.81, "word": " this,", "probability": 1.0 } ] }, { "start": 1196.91, "end": 1198.31, "text": "from someone called Peter.", "avg_logprob": -0.19927885245818358, "no_speech_prob": 0.0, "words": [ { "start": 1196.91, "end": 1197.05, "word": " from", "probability": 1.0 }, { "start": 1197.05, "end": 1197.71, "word": " someone", "probability": 0.99853515625 }, { "start": 1197.71, "end": 1197.97, "word": " called", "probability": 1.0 }, { "start": 1197.97, "end": 1198.31, "word": " Peter.", "probability": 1.0 } ] }, { "start": 1198.49, "end": 1199.35, "text": "And he wrote,", "avg_logprob": -0.19927885245818358, "no_speech_prob": 0.0, "words": [ { "start": 1198.49, "end": 1198.89, "word": " And", "probability": 0.99853515625 }, { "start": 1198.89, "end": 1199.03, "word": " he", "probability": 1.0 }, { "start": 1199.03, "end": 1199.35, "word": " wrote,", "probability": 1.0 } ] }, { "start": 1199.55, "end": 1200.65, "text": "I find it fascinating", "avg_logprob": -0.19927885245818358, "no_speech_prob": 0.0, "words": [ { "start": 1199.55, "end": 1199.77, "word": " I", "probability": 0.99755859375 }, { "start": 1199.77, "end": 1199.95, "word": " find", "probability": 0.99951171875 }, { "start": 1199.95, "end": 1200.05, "word": " it", "probability": 1.0 }, { "start": 1200.05, "end": 1200.65, "word": " fascinating", "probability": 1.0 } ] }, { "start": 1200.65, "end": 1203.25, "text": "that just about every other financial podcast", "avg_logprob": -0.19927885245818358, "no_speech_prob": 0.0, "words": [ { "start": 1200.65, "end": 1201.13, "word": " that", "probability": 1.0 }, { "start": 1201.13, "end": 1201.49, "word": " just", "probability": 1.0 }, { "start": 1201.49, "end": 1201.75, "word": " about", "probability": 1.0 }, { "start": 1201.75, "end": 1202.07, "word": " every", "probability": 1.0 }, { "start": 1202.07, "end": 1202.23, "word": " other", "probability": 0.9990234375 }, { "start": 1202.23, "end": 1202.71, "word": " financial", "probability": 1.0 }, { "start": 1202.71, "end": 1203.25, "word": " podcast", "probability": 1.0 } ] }, { "start": 1203.25, "end": 1205.19, "text": "has guests, one after the other,", "avg_logprob": -0.19927885245818358, "no_speech_prob": 0.0, "words": [ { "start": 1203.25, "end": 1204.05, "word": " has", "probability": 0.8125 }, { "start": 1204.05, "end": 1204.53, "word": " guests,", "probability": 1.0 }, { "start": 1204.67, "end": 1204.77, "word": " one", "probability": 0.9990234375 }, { "start": 1204.77, "end": 1204.93, "word": " after", "probability": 1.0 }, { "start": 1204.93, "end": 1205.07, "word": " the", "probability": 0.99951171875 }, { "start": 1205.07, "end": 1205.19, "word": " other,", "probability": 0.9990234375 } ] }, { "start": 1205.29, "end": 1207.25, "text": "predicting doom and gloom for the stock market", "avg_logprob": -0.19927885245818358, "no_speech_prob": 0.0, "words": [ { "start": 1205.29, "end": 1205.55, "word": " predicting", "probability": 0.99951171875 }, { "start": 1205.55, "end": 1205.83, "word": " doom", "probability": 1.0 }, { "start": 1205.83, "end": 1205.99, "word": " and", "probability": 1.0 }, { "start": 1205.99, "end": 1206.25, "word": " gloom", "probability": 1.0 }, { "start": 1206.25, "end": 1206.39, "word": " for", "probability": 1.0 }, { "start": 1206.39, "end": 1206.51, "word": " the", "probability": 1.0 }, { "start": 1206.51, "end": 1206.77, "word": " stock", "probability": 0.9990234375 }, { "start": 1206.77, "end": 1207.25, "word": " market", "probability": 1.0 } ] }, { "start": 1207.25, "end": 1208.87, "text": "and gold is the savior.", "avg_logprob": -0.19927885245818358, "no_speech_prob": 0.0, "words": [ { "start": 1207.25, "end": 1207.81, "word": " and", "probability": 0.401123046875 }, { "start": 1207.81, "end": 1208.15, "word": " gold", "probability": 1.0 }, { "start": 1208.15, "end": 1208.37, "word": " is", "probability": 0.98779296875 }, { "start": 1208.37, "end": 1208.53, "word": " the", "probability": 1.0 }, { "start": 1208.53, "end": 1208.87, "word": " savior.", "probability": 0.99755859375 } ] }, { "start": 1209.09, "end": 1211.71, "text": "And yet markets continue to climb the wall of worry", "avg_logprob": -0.19927885245818358, "no_speech_prob": 0.0, "words": [ { "start": 1209.09, "end": 1209.15, "word": " And", "probability": 0.99951171875 }, { "start": 1209.15, "end": 1209.33, "word": " yet", "probability": 1.0 }, { "start": 1209.33, "end": 1209.81, "word": " markets", "probability": 0.9619140625 }, { "start": 1209.81, "end": 1210.35, "word": " continue", "probability": 1.0 }, { "start": 1210.35, "end": 1210.53, "word": " to", "probability": 1.0 }, { "start": 1210.53, "end": 1210.77, "word": " climb", "probability": 0.99951171875 }, { "start": 1210.77, "end": 1210.93, "word": " the", "probability": 1.0 }, { "start": 1210.93, "end": 1211.19, "word": " wall", "probability": 0.998046875 }, { "start": 1211.19, "end": 1211.35, "word": " of", "probability": 1.0 }, { "start": 1211.35, "end": 1211.71, "word": " worry", "probability": 1.0 } ] }, { "start": 1211.71, "end": 1213.39, "text": "while gold struggles.", "avg_logprob": -0.19927885245818358, "no_speech_prob": 0.0, "words": [ { "start": 1211.71, "end": 1212.39, "word": " while", "probability": 0.9951171875 }, { "start": 1212.39, "end": 1212.85, "word": " gold", "probability": 1.0 }, { "start": 1212.85, "end": 1213.39, "word": " struggles.", "probability": 1.0 } ] }, { "start": 1213.39, "end": 1216.61, "text": "Is this sensationalism to get the public to watch or listen?", "avg_logprob": -0.1168064026813197, "no_speech_prob": 0.0, "words": [ { "start": 1213.39, "end": 1213.87, "word": " Is", "probability": 0.916015625 }, { "start": 1213.87, "end": 1214.07, "word": " this", "probability": 1.0 }, { "start": 1214.07, "end": 1214.97, "word": " sensationalism", "probability": 1.0 }, { "start": 1214.97, "end": 1215.09, "word": " to", "probability": 0.99560546875 }, { "start": 1215.09, "end": 1215.19, "word": " get", "probability": 1.0 }, { "start": 1215.19, "end": 1215.33, "word": " the", "probability": 1.0 }, { "start": 1215.33, "end": 1215.59, "word": " public", "probability": 1.0 }, { "start": 1215.59, "end": 1215.77, "word": " to", "probability": 1.0 }, { "start": 1215.77, "end": 1216.07, "word": " watch", "probability": 1.0 }, { "start": 1216.07, "end": 1216.19, "word": " or", "probability": 0.998046875 }, { "start": 1216.19, "end": 1216.61, "word": " listen?", "probability": 0.99951171875 } ] }, { "start": 1216.89, "end": 1218.75, "text": "Listen, like, what do you think is going on?", "avg_logprob": -0.1168064026813197, "no_speech_prob": 0.0, "words": [ { "start": 1216.89, "end": 1217.33, "word": " Listen,", "probability": 0.143798828125 }, { "start": 1217.43, "end": 1217.49, "word": " like,", "probability": 0.9521484375 }, { "start": 1217.61, "end": 1217.67, "word": " what", "probability": 1.0 }, { "start": 1217.67, "end": 1217.75, "word": " do", "probability": 1.0 }, { "start": 1217.75, "end": 1217.85, "word": " you", "probability": 1.0 }, { "start": 1217.85, "end": 1218.05, "word": " think", "probability": 1.0 }, { "start": 1218.05, "end": 1218.19, "word": " is", "probability": 1.0 }, { "start": 1218.19, "end": 1218.41, "word": " going", "probability": 1.0 }, { "start": 1218.41, "end": 1218.75, "word": " on?", "probability": 1.0 } ] }, { "start": 1218.87, "end": 1220.89, "text": "And we get a version of that a lot.", "avg_logprob": -0.1168064026813197, "no_speech_prob": 0.0, "words": [ { "start": 1218.87, "end": 1219.27, "word": " And", "probability": 0.99462890625 }, { "start": 1219.27, "end": 1219.41, "word": " we", "probability": 1.0 }, { "start": 1219.41, "end": 1219.59, "word": " get", "probability": 1.0 }, { "start": 1219.59, "end": 1219.73, "word": " a", "probability": 1.0 }, { "start": 1219.73, "end": 1220.07, "word": " version", "probability": 0.99267578125 }, { "start": 1220.07, "end": 1220.27, "word": " of", "probability": 1.0 }, { "start": 1220.27, "end": 1220.45, "word": " that", "probability": 1.0 }, { "start": 1220.45, "end": 1220.59, "word": " a", "probability": 1.0 }, { "start": 1220.59, "end": 1220.89, "word": " lot.", "probability": 1.0 } ] }, { "start": 1221.81, "end": 1229.55, "text": "I wonder sort of when you're a bull on gold or hard assets, what do you say to folks like", "avg_logprob": -0.1168064026813197, "no_speech_prob": 0.0, "words": [ { "start": 1221.81, "end": 1222.25, "word": " I", "probability": 0.9951171875 }, { "start": 1222.25, "end": 1222.65, "word": " wonder", "probability": 1.0 }, { "start": 1222.65, "end": 1223.81, "word": " sort", "probability": 0.52099609375 }, { "start": 1223.81, "end": 1223.99, "word": " of", "probability": 1.0 }, { "start": 1223.99, "end": 1224.69, "word": " when", "probability": 0.99853515625 }, { "start": 1224.69, "end": 1225.51, "word": " you're", "probability": 0.99853515625 }, { "start": 1225.51, "end": 1225.65, "word": " a", "probability": 0.9990234375 }, { "start": 1225.65, "end": 1225.85, "word": " bull", "probability": 0.99951171875 }, { "start": 1225.85, "end": 1226.23, "word": " on", "probability": 1.0 }, { "start": 1226.23, "end": 1226.49, "word": " gold", "probability": 1.0 }, { "start": 1226.49, "end": 1226.63, "word": " or", "probability": 1.0 }, { "start": 1226.63, "end": 1226.83, "word": " hard", "probability": 0.9990234375 }, { "start": 1226.83, "end": 1227.27, "word": " assets,", "probability": 1.0 }, { "start": 1227.47, "end": 1228.43, "word": " what", "probability": 1.0 }, { "start": 1228.43, "end": 1228.53, "word": " do", "probability": 1.0 }, { "start": 1228.53, "end": 1228.65, "word": " you", "probability": 1.0 }, { "start": 1228.65, "end": 1228.89, "word": " say", "probability": 1.0 }, { "start": 1228.89, "end": 1229.03, "word": " to", "probability": 1.0 }, { "start": 1229.03, "end": 1229.33, "word": " folks", "probability": 1.0 }, { "start": 1229.33, "end": 1229.55, "word": " like", "probability": 1.0 } ] }, { "start": 1229.55, "end": 1234.69, "text": "that who hear the argument, it makes sense to them, but they just watch that stock market", "avg_logprob": -0.1168064026813197, "no_speech_prob": 0.0, "words": [ { "start": 1229.55, "end": 1229.81, "word": " that", "probability": 1.0 }, { "start": 1229.81, "end": 1230.15, "word": " who", "probability": 0.99169921875 }, { "start": 1230.15, "end": 1230.91, "word": " hear", "probability": 1.0 }, { "start": 1230.91, "end": 1231.09, "word": " the", "probability": 1.0 }, { "start": 1231.09, "end": 1231.49, "word": " argument,", "probability": 1.0 }, { "start": 1231.49, "end": 1231.73, "word": " it", "probability": 1.0 }, { "start": 1231.73, "end": 1231.97, "word": " makes", "probability": 1.0 }, { "start": 1231.97, "end": 1232.19, "word": " sense", "probability": 1.0 }, { "start": 1232.19, "end": 1232.37, "word": " to", "probability": 1.0 }, { "start": 1232.37, "end": 1232.63, "word": " them,", "probability": 1.0 }, { "start": 1232.77, "end": 1232.93, "word": " but", "probability": 1.0 }, { "start": 1232.93, "end": 1233.13, "word": " they", "probability": 1.0 }, { "start": 1233.13, "end": 1233.43, "word": " just", "probability": 1.0 }, { "start": 1233.43, "end": 1233.79, "word": " watch", "probability": 0.99951171875 }, { "start": 1233.79, "end": 1233.99, "word": " that", "probability": 1.0 }, { "start": 1233.99, "end": 1234.33, "word": " stock", "probability": 1.0 }, { "start": 1234.33, "end": 1234.69, "word": " market", "probability": 1.0 } ] }, { "start": 1234.69, "end": 1239.67, "text": "and they're so conditioned to look at their 401 in equity positions and have a hard time", "avg_logprob": -0.1168064026813197, "no_speech_prob": 0.0, "words": [ { "start": 1234.69, "end": 1234.81, "word": " and", "probability": 0.82470703125 }, { "start": 1234.81, "end": 1234.97, "word": " they're", "probability": 1.0 }, { "start": 1234.97, "end": 1235.15, "word": " so", "probability": 1.0 }, { "start": 1235.15, "end": 1235.75, "word": " conditioned", "probability": 1.0 }, { "start": 1235.75, "end": 1236.37, "word": " to", "probability": 1.0 }, { "start": 1236.37, "end": 1236.53, "word": " look", "probability": 1.0 }, { "start": 1236.53, "end": 1236.63, "word": " at", "probability": 1.0 }, { "start": 1236.63, "end": 1236.75, "word": " their", "probability": 0.99951171875 }, { "start": 1236.75, "end": 1237.21, "word": " 401", "probability": 0.9921875 }, { "start": 1237.21, "end": 1237.59, "word": " in", "probability": 0.60986328125 }, { "start": 1237.59, "end": 1237.91, "word": " equity", "probability": 1.0 }, { "start": 1237.91, "end": 1238.37, "word": " positions", "probability": 1.0 }, { "start": 1238.37, "end": 1238.55, "word": " and", "probability": 1.0 }, { "start": 1238.55, "end": 1238.69, "word": " have", "probability": 1.0 }, { "start": 1238.69, "end": 1238.81, "word": " a", "probability": 1.0 }, { "start": 1238.81, "end": 1239.13, "word": " hard", "probability": 1.0 }, { "start": 1239.13, "end": 1239.67, "word": " time", "probability": 1.0 } ] }, { "start": 1239.67, "end": 1242.71, "text": "kind of pulling away and think about diversifying out of it?", "avg_logprob": -0.1168064026813197, "no_speech_prob": 0.0, "words": [ { "start": 1239.67, "end": 1240.15, "word": " kind", "probability": 0.9970703125 }, { "start": 1240.15, "end": 1240.23, "word": " of", "probability": 1.0 }, { "start": 1240.23, "end": 1240.57, "word": " pulling", "probability": 1.0 }, { "start": 1240.57, "end": 1240.87, "word": " away", "probability": 1.0 }, { "start": 1240.87, "end": 1241.05, "word": " and", "probability": 1.0 }, { "start": 1241.05, "end": 1241.29, "word": " think", "probability": 0.99951171875 }, { "start": 1241.29, "end": 1241.51, "word": " about", "probability": 1.0 }, { "start": 1241.51, "end": 1242.23, "word": " diversifying", "probability": 1.0 }, { "start": 1242.23, "end": 1242.45, "word": " out", "probability": 1.0 }, { "start": 1242.45, "end": 1242.57, "word": " of", "probability": 1.0 }, { "start": 1242.57, "end": 1242.71, "word": " it?", "probability": 1.0 } ] }, { "start": 1242.71, "end": 1247.77, "text": "I say yes and, which is basically to say that one can be bullish on gold and stocks.", "avg_logprob": -0.12714461237192154, "no_speech_prob": 0.0, "words": [ { "start": 1242.71, "end": 1243.21, "word": " I", "probability": 0.99755859375 }, { "start": 1243.21, "end": 1243.59, "word": " say", "probability": 0.99853515625 }, { "start": 1243.59, "end": 1244.39, "word": " yes", "probability": 0.9443359375 }, { "start": 1244.39, "end": 1244.71, "word": " and,", "probability": 0.7626953125 }, { "start": 1244.93, "end": 1245.23, "word": " which", "probability": 1.0 }, { "start": 1245.23, "end": 1245.33, "word": " is", "probability": 0.98779296875 }, { "start": 1245.33, "end": 1245.51, "word": " basically", "probability": 1.0 }, { "start": 1245.51, "end": 1245.65, "word": " to", "probability": 0.99755859375 }, { "start": 1245.65, "end": 1245.75, "word": " say", "probability": 1.0 }, { "start": 1245.75, "end": 1245.93, "word": " that", "probability": 1.0 }, { "start": 1245.93, "end": 1246.17, "word": " one", "probability": 1.0 }, { "start": 1246.17, "end": 1246.29, "word": " can", "probability": 0.99951171875 }, { "start": 1246.29, "end": 1246.41, "word": " be", "probability": 1.0 }, { "start": 1246.41, "end": 1246.67, "word": " bullish", "probability": 1.0 }, { "start": 1246.67, "end": 1246.83, "word": " on", "probability": 1.0 }, { "start": 1246.83, "end": 1247.13, "word": " gold", "probability": 0.99951171875 }, { "start": 1247.13, "end": 1247.33, "word": " and", "probability": 0.99951171875 }, { "start": 1247.33, "end": 1247.77, "word": " stocks.", "probability": 1.0 } ] }, { "start": 1248.87, "end": 1261.81, "text": "And if one looks at the S&P 500 to gold ratio, we are in kind of the fourth major bear market in stocks relative to gold over the past century, even though it's been pretty mild.", "avg_logprob": -0.12714461237192154, "no_speech_prob": 0.0, "words": [ { "start": 1248.87, "end": 1249.35, "word": " And", "probability": 0.8994140625 }, { "start": 1249.35, "end": 1249.79, "word": " if", "probability": 0.99951171875 }, { "start": 1249.79, "end": 1249.97, "word": " one", "probability": 1.0 }, { "start": 1249.97, "end": 1250.19, "word": " looks", "probability": 1.0 }, { "start": 1250.19, "end": 1250.47, "word": " at", "probability": 1.0 }, { "start": 1250.47, "end": 1250.81, "word": " the", "probability": 1.0 }, { "start": 1250.81, "end": 1251.61, "word": " S", "probability": 0.9990234375 }, { "start": 1251.61, "end": 1251.73, "word": "&P", "probability": 0.99951171875 }, { "start": 1251.73, "end": 1252.03, "word": " 500", "probability": 0.99560546875 }, { "start": 1252.03, "end": 1252.33, "word": " to", "probability": 0.98388671875 }, { "start": 1252.33, "end": 1252.61, "word": " gold", "probability": 0.99853515625 }, { "start": 1252.61, "end": 1253.03, "word": " ratio,", "probability": 1.0 }, { "start": 1253.35, "end": 1254.19, "word": " we", "probability": 1.0 }, { "start": 1254.19, "end": 1254.35, "word": " are", "probability": 0.98388671875 }, { "start": 1254.35, "end": 1254.57, "word": " in", "probability": 1.0 }, { "start": 1254.57, "end": 1254.79, "word": " kind", "probability": 0.9755859375 }, { "start": 1254.79, "end": 1255.01, "word": " of", "probability": 1.0 }, { "start": 1255.01, "end": 1255.21, "word": " the", "probability": 1.0 }, { "start": 1255.21, "end": 1255.75, "word": " fourth", "probability": 0.99951171875 }, { "start": 1255.75, "end": 1256.15, "word": " major", "probability": 1.0 }, { "start": 1256.15, "end": 1256.61, "word": " bear", "probability": 0.99853515625 }, { "start": 1256.61, "end": 1257.01, "word": " market", "probability": 1.0 }, { "start": 1257.01, "end": 1257.25, "word": " in", "probability": 1.0 }, { "start": 1257.25, "end": 1257.61, "word": " stocks", "probability": 0.99951171875 }, { "start": 1257.61, "end": 1257.99, "word": " relative", "probability": 1.0 }, { "start": 1257.99, "end": 1258.21, "word": " to", "probability": 1.0 }, { "start": 1258.21, "end": 1258.61, "word": " gold", "probability": 1.0 }, { "start": 1258.61, "end": 1259.53, "word": " over", "probability": 0.99609375 }, { "start": 1259.53, "end": 1259.63, "word": " the", "probability": 1.0 }, { "start": 1259.63, "end": 1259.85, "word": " past", "probability": 0.99951171875 }, { "start": 1259.85, "end": 1260.27, "word": " century,", "probability": 1.0 }, { "start": 1260.51, "end": 1261.07, "word": " even", "probability": 1.0 }, { "start": 1261.07, "end": 1261.17, "word": " though", "probability": 0.99609375 }, { "start": 1261.17, "end": 1261.23, "word": " it's", "probability": 0.999755859375 }, { "start": 1261.23, "end": 1261.31, "word": " been", "probability": 1.0 }, { "start": 1261.31, "end": 1261.49, "word": " pretty", "probability": 1.0 }, { "start": 1261.49, "end": 1261.81, "word": " mild.", "probability": 0.99951171875 } ] }, { "start": 1261.99, "end": 1267.59, "text": "So you can pick a point years ago and gold has outperformed stocks in that time.", "avg_logprob": -0.12714461237192154, "no_speech_prob": 0.0, "words": [ { "start": 1261.99, "end": 1262.07, "word": " So", "probability": 0.99462890625 }, { "start": 1262.07, "end": 1262.79, "word": " you", "probability": 0.95703125 }, { "start": 1262.79, "end": 1263.07, "word": " can", "probability": 0.85595703125 }, { "start": 1263.07, "end": 1263.23, "word": " pick", "probability": 1.0 }, { "start": 1263.23, "end": 1263.35, "word": " a", "probability": 1.0 }, { "start": 1263.35, "end": 1263.57, "word": " point", "probability": 1.0 }, { "start": 1263.57, "end": 1263.87, "word": " years", "probability": 1.0 }, { "start": 1263.87, "end": 1264.17, "word": " ago", "probability": 1.0 }, { "start": 1264.17, "end": 1264.33, "word": " and", "probability": 0.70947265625 }, { "start": 1264.33, "end": 1264.57, "word": " gold", "probability": 1.0 }, { "start": 1264.57, "end": 1264.73, "word": " has", "probability": 0.9970703125 }, { "start": 1264.73, "end": 1265.47, "word": " outperformed", "probability": 0.9996744791666666 }, { "start": 1265.47, "end": 1266.23, "word": " stocks", "probability": 0.99951171875 }, { "start": 1266.23, "end": 1267.03, "word": " in", "probability": 0.99560546875 }, { "start": 1267.03, "end": 1267.19, "word": " that", "probability": 1.0 }, { "start": 1267.19, "end": 1267.59, "word": " time.", "probability": 1.0 } ] }, { "start": 1269.31, "end": 1271.87, "text": "But of course, there are years where the opposite happens.", "avg_logprob": -0.12714461237192154, "no_speech_prob": 0.0, "words": [ { "start": 1269.31, "end": 1269.79, "word": " But", "probability": 0.517578125 }, { "start": 1269.79, "end": 1270.27, "word": " of", "probability": 0.79296875 }, { "start": 1270.27, "end": 1270.39, "word": " course,", "probability": 1.0 }, { "start": 1270.45, "end": 1270.53, "word": " there", "probability": 1.0 }, { "start": 1270.53, "end": 1270.63, "word": " are", "probability": 1.0 }, { "start": 1270.63, "end": 1270.87, "word": " years", "probability": 1.0 }, { "start": 1270.87, "end": 1271.01, "word": " where", "probability": 1.0 }, { "start": 1271.01, "end": 1271.11, "word": " the", "probability": 1.0 }, { "start": 1271.11, "end": 1271.37, "word": " opposite", "probability": 1.0 }, { "start": 1271.37, "end": 1271.87, "word": " happens.", "probability": 1.0 } ] }, { "start": 1272.71, "end": 1274.85, "text": "And I mean, I like to own both assets.", "avg_logprob": -0.16088866908103228, "no_speech_prob": 0.0, "words": [ { "start": 1272.71, "end": 1273.11, "word": " And", "probability": 0.92041015625 }, { "start": 1273.11, "end": 1273.37, "word": " I", "probability": 0.80322265625 }, { "start": 1273.37, "end": 1273.51, "word": " mean,", "probability": 0.93701171875 }, { "start": 1273.59, "end": 1273.61, "word": " I", "probability": 1.0 }, { "start": 1273.61, "end": 1273.75, "word": " like", "probability": 0.99951171875 }, { "start": 1273.75, "end": 1273.85, "word": " to", "probability": 1.0 }, { "start": 1273.85, "end": 1274.07, "word": " own", "probability": 1.0 }, { "start": 1274.07, "end": 1274.37, "word": " both", "probability": 1.0 }, { "start": 1274.37, "end": 1274.85, "word": " assets.", "probability": 1.0 } ] }, { "start": 1275.69, "end": 1278.97, "text": "And this goes back to my whole kind of view on the fiscal dominance.", "avg_logprob": -0.16088866908103228, "no_speech_prob": 0.0, "words": [ { "start": 1275.69, "end": 1276.09, "word": " And", "probability": 0.99951171875 }, { "start": 1276.09, "end": 1276.21, "word": " this", "probability": 1.0 }, { "start": 1276.21, "end": 1276.37, "word": " goes", "probability": 1.0 }, { "start": 1276.37, "end": 1276.55, "word": " back", "probability": 1.0 }, { "start": 1276.55, "end": 1276.67, "word": " to", "probability": 1.0 }, { "start": 1276.67, "end": 1276.79, "word": " my", "probability": 1.0 }, { "start": 1276.79, "end": 1277.03, "word": " whole", "probability": 1.0 }, { "start": 1277.03, "end": 1277.21, "word": " kind", "probability": 0.96923828125 }, { "start": 1277.21, "end": 1277.31, "word": " of", "probability": 1.0 }, { "start": 1277.31, "end": 1277.49, "word": " view", "probability": 1.0 }, { "start": 1277.49, "end": 1277.67, "word": " on", "probability": 1.0 }, { "start": 1277.67, "end": 1278.03, "word": " the", "probability": 0.95849609375 }, { "start": 1278.03, "end": 1278.47, "word": " fiscal", "probability": 0.998046875 }, { "start": 1278.47, "end": 1278.97, "word": " dominance.", "probability": 1.0 } ] }, { "start": 1279.91, "end": 1285.29, "text": "And that's why I keep fading the equity bears, which is to say when we're running 7% of GDP", "avg_logprob": -0.16088866908103228, "no_speech_prob": 0.0, "words": [ { "start": 1279.91, "end": 1280.31, "word": " And", "probability": 0.99951171875 }, { "start": 1280.31, "end": 1280.49, "word": " that's", "probability": 1.0 }, { "start": 1280.49, "end": 1280.59, "word": " why", "probability": 0.99951171875 }, { "start": 1280.59, "end": 1280.67, "word": " I", "probability": 0.99951171875 }, { "start": 1280.67, "end": 1280.79, "word": " keep", "probability": 1.0 }, { "start": 1280.79, "end": 1281.09, "word": " fading", "probability": 0.9970703125 }, { "start": 1281.09, "end": 1281.27, "word": " the", "probability": 0.99951171875 }, { "start": 1281.27, "end": 1281.59, "word": " equity", "probability": 0.99951171875 }, { "start": 1281.59, "end": 1281.93, "word": " bears,", "probability": 0.9111328125 }, { "start": 1282.19, "end": 1283.33, "word": " which", "probability": 0.99951171875 }, { "start": 1283.33, "end": 1283.47, "word": " is", "probability": 1.0 }, { "start": 1283.47, "end": 1283.57, "word": " to", "probability": 1.0 }, { "start": 1283.57, "end": 1283.73, "word": " say", "probability": 1.0 }, { "start": 1283.73, "end": 1283.93, "word": " when", "probability": 0.77978515625 }, { "start": 1283.93, "end": 1284.13, "word": " we're", "probability": 1.0 }, { "start": 1284.13, "end": 1284.39, "word": " running", "probability": 1.0 }, { "start": 1284.39, "end": 1284.67, "word": " 7", "probability": 0.990234375 }, { "start": 1284.67, "end": 1284.89, "word": "%", "probability": 0.98388671875 }, { "start": 1284.89, "end": 1285.03, "word": " of", "probability": 1.0 }, { "start": 1285.03, "end": 1285.29, "word": " GDP", "probability": 1.0 } ] }, { "start": 1285.29, "end": 1292.87, "text": "deficits, as far as the eye can see, you know, being bearish on stocks basically means you're", "avg_logprob": -0.16088866908103228, "no_speech_prob": 0.0, "words": [ { "start": 1285.29, "end": 1285.79, "word": " deficits,", "probability": 0.99951171875 }, { "start": 1285.81, "end": 1286.01, "word": " as", "probability": 1.0 }, { "start": 1286.01, "end": 1286.19, "word": " far", "probability": 1.0 }, { "start": 1286.19, "end": 1286.31, "word": " as", "probability": 1.0 }, { "start": 1286.31, "end": 1286.41, "word": " the", "probability": 0.99951171875 }, { "start": 1286.41, "end": 1286.55, "word": " eye", "probability": 0.99755859375 }, { "start": 1286.55, "end": 1286.71, "word": " can", "probability": 0.99951171875 }, { "start": 1286.71, "end": 1287.01, "word": " see,", "probability": 1.0 }, { "start": 1289.45, "end": 1289.49, "word": " you", "probability": 0.436767578125 }, { "start": 1289.49, "end": 1289.59, "word": " know,", "probability": 1.0 }, { "start": 1289.87, "end": 1290.15, "word": " being", "probability": 1.0 }, { "start": 1290.15, "end": 1291.09, "word": " bearish", "probability": 0.9794921875 }, { "start": 1291.09, "end": 1291.29, "word": " on", "probability": 1.0 }, { "start": 1291.29, "end": 1291.85, "word": " stocks", "probability": 1.0 }, { "start": 1291.85, "end": 1292.31, "word": " basically", "probability": 0.99560546875 }, { "start": 1292.31, "end": 1292.61, "word": " means", "probability": 1.0 }, { "start": 1292.61, "end": 1292.87, "word": " you're", "probability": 1.0 } ] }, { "start": 1293.49, "end": 1297.59, "text": "bullish on fiat because you're seeing what stocks are going to go down versus the dollar.", "avg_logprob": -0.16088866908103228, "no_speech_prob": 0.0, "words": [ { "start": 1293.49, "end": 1293.89, "word": " bullish", "probability": 0.998046875 }, { "start": 1293.89, "end": 1294.13, "word": " on", "probability": 1.0 }, { "start": 1294.13, "end": 1294.49, "word": " fiat", "probability": 0.99755859375 }, { "start": 1294.49, "end": 1295.51, "word": " because", "probability": 0.412109375 }, { "start": 1295.51, "end": 1295.71, "word": " you're", "probability": 0.99951171875 }, { "start": 1295.71, "end": 1295.95, "word": " seeing", "probability": 0.779296875 }, { "start": 1295.95, "end": 1296.13, "word": " what", "probability": 0.98681640625 }, { "start": 1296.13, "end": 1296.43, "word": " stocks", "probability": 0.9970703125 }, { "start": 1296.43, "end": 1296.57, "word": " are", "probability": 0.9921875 }, { "start": 1296.57, "end": 1296.63, "word": " going", "probability": 0.8095703125 }, { "start": 1296.63, "end": 1296.63, "word": " to", "probability": 0.96875 }, { "start": 1296.63, "end": 1296.71, "word": " go", "probability": 0.99658203125 }, { "start": 1296.71, "end": 1296.93, "word": " down", "probability": 1.0 }, { "start": 1296.93, "end": 1297.17, "word": " versus", "probability": 0.99609375 }, { "start": 1297.17, "end": 1297.33, "word": " the", "probability": 1.0 }, { "start": 1297.33, "end": 1297.59, "word": " dollar.", "probability": 1.0 } ] }, { "start": 1298.77, "end": 1301.03, "text": "And, you know, certainly in a year they can.", "avg_logprob": -0.16088866908103228, "no_speech_prob": 0.0, "words": [ { "start": 1298.77, "end": 1299.17, "word": " And,", "probability": 0.9990234375 }, { "start": 1299.17, "end": 1299.57, "word": " you", "probability": 0.9912109375 }, { "start": 1299.57, "end": 1299.67, "word": " know,", "probability": 1.0 }, { "start": 1299.81, "end": 1300.15, "word": " certainly", "probability": 1.0 }, { "start": 1300.15, "end": 1300.31, "word": " in", "probability": 1.0 }, { "start": 1300.31, "end": 1300.37, "word": " a", "probability": 0.98681640625 }, { "start": 1300.37, "end": 1300.57, "word": " year", "probability": 1.0 }, { "start": 1300.57, "end": 1300.75, "word": " they", "probability": 0.689453125 }, { "start": 1300.75, "end": 1301.03, "word": " can.", "probability": 1.0 } ] }, { "start": 1301.21, "end": 1302.47, "text": "I mean, that's the stocks are volatile.", "avg_logprob": -0.16088866908103228, "no_speech_prob": 0.0, "words": [ { "start": 1301.21, "end": 1301.27, "word": " I", "probability": 0.9990234375 }, { "start": 1301.27, "end": 1301.39, "word": " mean,", "probability": 1.0 }, { "start": 1301.51, "end": 1301.63, "word": " that's", "probability": 0.654052734375 }, { "start": 1301.63, "end": 1301.77, "word": " the", "probability": 0.7958984375 }, { "start": 1301.77, "end": 1301.99, "word": " stocks", "probability": 0.994140625 }, { "start": 1301.99, "end": 1302.15, "word": " are", "probability": 0.9990234375 }, { "start": 1302.15, "end": 1302.47, "word": " volatile.", "probability": 1.0 } ] }, { "start": 1302.47, "end": 1304.69, "text": "I mean, they went down in 2022, for example.", "avg_logprob": -0.12588315943013068, "no_speech_prob": 0.0, "words": [ { "start": 1302.47, "end": 1302.85, "word": " I", "probability": 0.6494140625 }, { "start": 1302.85, "end": 1303.01, "word": " mean,", "probability": 1.0 }, { "start": 1303.15, "end": 1303.19, "word": " they", "probability": 1.0 }, { "start": 1303.19, "end": 1303.37, "word": " went", "probability": 1.0 }, { "start": 1303.37, "end": 1303.55, "word": " down", "probability": 1.0 }, { "start": 1303.55, "end": 1303.67, "word": " in", "probability": 1.0 }, { "start": 1303.67, "end": 1303.97, "word": " 2022,", "probability": 0.99853515625 }, { "start": 1303.97, "end": 1304.33, "word": " for", "probability": 1.0 }, { "start": 1304.33, "end": 1304.69, "word": " example.", "probability": 1.0 } ] }, { "start": 1305.29, "end": 1307.85, "text": "They can get over their skis for a period of time.", "avg_logprob": -0.12588315943013068, "no_speech_prob": 0.0, "words": [ { "start": 1305.29, "end": 1305.69, "word": " They", "probability": 0.99609375 }, { "start": 1305.69, "end": 1305.83, "word": " can", "probability": 1.0 }, { "start": 1305.83, "end": 1306.51, "word": " get", "probability": 0.59033203125 }, { "start": 1306.51, "end": 1306.69, "word": " over", "probability": 1.0 }, { "start": 1306.69, "end": 1306.85, "word": " their", "probability": 0.9990234375 }, { "start": 1306.85, "end": 1307.13, "word": " skis", "probability": 0.981689453125 }, { "start": 1307.13, "end": 1307.27, "word": " for", "probability": 1.0 }, { "start": 1307.27, "end": 1307.35, "word": " a", "probability": 1.0 }, { "start": 1307.35, "end": 1307.47, "word": " period", "probability": 1.0 }, { "start": 1307.47, "end": 1307.57, "word": " of", "probability": 1.0 }, { "start": 1307.57, "end": 1307.85, "word": " time.", "probability": 1.0 } ] }, { "start": 1308.25, "end": 1309.63, "text": "Gold can go down versus the dollar.", "avg_logprob": -0.12588315943013068, "no_speech_prob": 0.0, "words": [ { "start": 1308.25, "end": 1308.47, "word": " Gold", "probability": 0.99853515625 }, { "start": 1308.47, "end": 1308.65, "word": " can", "probability": 1.0 }, { "start": 1308.65, "end": 1308.79, "word": " go", "probability": 1.0 }, { "start": 1308.79, "end": 1309.03, "word": " down", "probability": 1.0 }, { "start": 1309.03, "end": 1309.29, "word": " versus", "probability": 0.99169921875 }, { "start": 1309.29, "end": 1309.43, "word": " the", "probability": 0.93115234375 }, { "start": 1309.43, "end": 1309.63, "word": " dollar.", "probability": 0.99951171875 } ] }, { "start": 1309.77, "end": 1317.77, "text": "I mean, when it goes from $2,000 to $5,000 as quickly as it did, as big of a market as it did, that needs time to take a breather.", "avg_logprob": -0.12588315943013068, "no_speech_prob": 0.0, "words": [ { "start": 1309.77, "end": 1309.79, "word": " I", "probability": 0.97509765625 }, { "start": 1309.79, "end": 1309.87, "word": " mean,", "probability": 1.0 }, { "start": 1309.97, "end": 1310.03, "word": " when", "probability": 1.0 }, { "start": 1310.03, "end": 1310.13, "word": " it", "probability": 1.0 }, { "start": 1310.13, "end": 1311.03, "word": " goes", "probability": 0.99951171875 }, { "start": 1311.03, "end": 1311.17, "word": " from", "probability": 1.0 }, { "start": 1311.17, "end": 1311.37, "word": " $2", "probability": 0.793701171875 }, { "start": 1311.37, "end": 1311.67, "word": ",000", "probability": 1.0 }, { "start": 1311.67, "end": 1311.81, "word": " to", "probability": 1.0 }, { "start": 1311.81, "end": 1312.05, "word": " $5", "probability": 0.9990234375 }, { "start": 1312.05, "end": 1312.45, "word": ",000", "probability": 1.0 }, { "start": 1312.45, "end": 1312.65, "word": " as", "probability": 0.495849609375 }, { "start": 1312.65, "end": 1312.87, "word": " quickly", "probability": 1.0 }, { "start": 1312.87, "end": 1313.05, "word": " as", "probability": 1.0 }, { "start": 1313.05, "end": 1313.15, "word": " it", "probability": 1.0 }, { "start": 1313.15, "end": 1313.33, "word": " did,", "probability": 1.0 }, { "start": 1313.43, "end": 1313.57, "word": " as", "probability": 0.99951171875 }, { "start": 1313.57, "end": 1313.85, "word": " big", "probability": 1.0 }, { "start": 1313.85, "end": 1313.95, "word": " of", "probability": 1.0 }, { "start": 1313.95, "end": 1314.05, "word": " a", "probability": 1.0 }, { "start": 1314.05, "end": 1314.33, "word": " market", "probability": 1.0 }, { "start": 1314.33, "end": 1314.53, "word": " as", "probability": 1.0 }, { "start": 1314.53, "end": 1314.65, "word": " it", "probability": 1.0 }, { "start": 1314.65, "end": 1314.93, "word": " did,", "probability": 1.0 }, { "start": 1315.69, "end": 1315.89, "word": " that", "probability": 0.99267578125 }, { "start": 1315.89, "end": 1316.51, "word": " needs", "probability": 0.98583984375 }, { "start": 1316.51, "end": 1316.85, "word": " time", "probability": 1.0 }, { "start": 1316.85, "end": 1317.07, "word": " to", "probability": 1.0 }, { "start": 1317.07, "end": 1317.27, "word": " take", "probability": 1.0 }, { "start": 1317.27, "end": 1317.39, "word": " a", "probability": 1.0 }, { "start": 1317.39, "end": 1317.77, "word": " breather.", "probability": 1.0 } ] }, { "start": 1319.27, "end": 1329.23, "text": "And so I do generally fade the doomer narratives of like sell all your stocks, just own gold, the reckoning is just around the corner.", "avg_logprob": -0.12588315943013068, "no_speech_prob": 0.0, "words": [ { "start": 1319.27, "end": 1319.67, "word": " And", "probability": 0.9794921875 }, { "start": 1319.67, "end": 1319.79, "word": " so", "probability": 1.0 }, { "start": 1319.79, "end": 1319.97, "word": " I", "probability": 0.931640625 }, { "start": 1319.97, "end": 1320.31, "word": " do", "probability": 1.0 }, { "start": 1320.31, "end": 1320.59, "word": " generally", "probability": 0.99658203125 }, { "start": 1320.59, "end": 1321.03, "word": " fade", "probability": 1.0 }, { "start": 1321.03, "end": 1322.19, "word": " the", "probability": 0.99951171875 }, { "start": 1322.19, "end": 1322.71, "word": " doomer", "probability": 0.797119140625 }, { "start": 1322.71, "end": 1323.09, "word": " narratives", "probability": 0.99951171875 }, { "start": 1323.09, "end": 1323.33, "word": " of", "probability": 0.99951171875 }, { "start": 1323.33, "end": 1323.61, "word": " like", "probability": 0.716796875 }, { "start": 1323.61, "end": 1324.19, "word": " sell", "probability": 0.60595703125 }, { "start": 1324.19, "end": 1324.35, "word": " all", "probability": 1.0 }, { "start": 1324.35, "end": 1324.45, "word": " your", "probability": 1.0 }, { "start": 1324.45, "end": 1324.91, "word": " stocks,", "probability": 1.0 }, { "start": 1325.07, "end": 1325.15, "word": " just", "probability": 1.0 }, { "start": 1325.15, "end": 1325.37, "word": " own", "probability": 0.98486328125 }, { "start": 1325.37, "end": 1325.85, "word": " gold,", "probability": 0.99951171875 }, { "start": 1326.21, "end": 1327.29, "word": " the", "probability": 0.896484375 }, { "start": 1327.29, "end": 1328.43, "word": " reckoning", "probability": 0.997314453125 }, { "start": 1328.43, "end": 1328.55, "word": " is", "probability": 0.56103515625 }, { "start": 1328.55, "end": 1328.65, "word": " just", "probability": 1.0 }, { "start": 1328.65, "end": 1328.81, "word": " around", "probability": 1.0 }, { "start": 1328.81, "end": 1328.93, "word": " the", "probability": 1.0 }, { "start": 1328.93, "end": 1329.23, "word": " corner.", "probability": 1.0 } ] }, { "start": 1329.23, "end": 1335.43, "text": "it's more like we're identifying that we're going to run at a hot environment which has winners and", "avg_logprob": -0.08298510209072468, "no_speech_prob": 0.0, "words": [ { "start": 1329.23, "end": 1330.05, "word": " it's", "probability": 0.6802978515625 }, { "start": 1330.05, "end": 1330.27, "word": " more", "probability": 0.9990234375 }, { "start": 1330.27, "end": 1330.67, "word": " like", "probability": 0.998046875 }, { "start": 1330.67, "end": 1331.07, "word": " we're", "probability": 0.95361328125 }, { "start": 1331.07, "end": 1332.15, "word": " identifying", "probability": 0.9951171875 }, { "start": 1332.15, "end": 1332.43, "word": " that", "probability": 0.9990234375 }, { "start": 1332.43, "end": 1332.55, "word": " we're", "probability": 1.0 }, { "start": 1332.55, "end": 1332.61, "word": " going", "probability": 0.560546875 }, { "start": 1332.61, "end": 1332.67, "word": " to", "probability": 1.0 }, { "start": 1332.67, "end": 1332.85, "word": " run", "probability": 1.0 }, { "start": 1332.85, "end": 1332.95, "word": " at", "probability": 0.372314453125 }, { "start": 1332.95, "end": 1333.01, "word": " a", "probability": 0.99951171875 }, { "start": 1333.01, "end": 1333.19, "word": " hot", "probability": 0.99951171875 }, { "start": 1333.19, "end": 1333.63, "word": " environment", "probability": 1.0 }, { "start": 1333.63, "end": 1334.75, "word": " which", "probability": 0.58984375 }, { "start": 1334.75, "end": 1334.99, "word": " has", "probability": 1.0 }, { "start": 1334.99, "end": 1335.25, "word": " winners", "probability": 0.99951171875 }, { "start": 1335.25, "end": 1335.43, "word": " and", "probability": 0.99951171875 } ] }, { "start": 1335.43, "end": 1342.85, "text": "losers and and generally speaking hard assets have been the winners so owning gold uh you know", "avg_logprob": -0.08298510209072468, "no_speech_prob": 0.0, "words": [ { "start": 1335.43, "end": 1335.73, "word": " losers", "probability": 0.9970703125 }, { "start": 1335.73, "end": 1336.73, "word": " and", "probability": 0.6103515625 }, { "start": 1336.73, "end": 1336.93, "word": " and", "probability": 0.17333984375 }, { "start": 1336.93, "end": 1337.19, "word": " generally", "probability": 0.99853515625 }, { "start": 1337.19, "end": 1337.67, "word": " speaking", "probability": 1.0 }, { "start": 1337.67, "end": 1338.59, "word": " hard", "probability": 0.99755859375 }, { "start": 1338.59, "end": 1338.95, "word": " assets", "probability": 1.0 }, { "start": 1338.95, "end": 1339.17, "word": " have", "probability": 1.0 }, { "start": 1339.17, "end": 1339.29, "word": " been", "probability": 0.99951171875 }, { "start": 1339.29, "end": 1339.41, "word": " the", "probability": 1.0 }, { "start": 1339.41, "end": 1339.71, "word": " winners", "probability": 0.99951171875 }, { "start": 1339.71, "end": 1340.27, "word": " so", "probability": 0.99462890625 }, { "start": 1340.27, "end": 1341.03, "word": " owning", "probability": 0.9990234375 }, { "start": 1341.03, "end": 1341.47, "word": " gold", "probability": 0.99951171875 }, { "start": 1341.47, "end": 1342.11, "word": " uh", "probability": 0.91748046875 }, { "start": 1342.11, "end": 1342.81, "word": " you", "probability": 0.962890625 }, { "start": 1342.81, "end": 1342.85, "word": " know", "probability": 0.99951171875 } ] }, { "start": 1342.85, "end": 1348.59, "text": "let's say since covid so for example owning gold owning bitcoin owning high quality equities um", "avg_logprob": -0.08298510209072468, "no_speech_prob": 0.0, "words": [ { "start": 1342.85, "end": 1343.03, "word": " let's", "probability": 1.0 }, { "start": 1343.03, "end": 1343.15, "word": " say", "probability": 0.99951171875 }, { "start": 1343.15, "end": 1343.39, "word": " since", "probability": 0.99951171875 }, { "start": 1343.39, "end": 1343.69, "word": " covid", "probability": 0.77392578125 }, { "start": 1343.69, "end": 1343.89, "word": " so", "probability": 0.9990234375 }, { "start": 1343.89, "end": 1344.03, "word": " for", "probability": 1.0 }, { "start": 1344.03, "end": 1344.19, "word": " example", "probability": 0.99072265625 }, { "start": 1344.19, "end": 1344.51, "word": " owning", "probability": 0.99951171875 }, { "start": 1344.51, "end": 1344.83, "word": " gold", "probability": 0.99951171875 }, { "start": 1344.83, "end": 1345.19, "word": " owning", "probability": 0.99658203125 }, { "start": 1345.19, "end": 1345.65, "word": " bitcoin", "probability": 0.99755859375 }, { "start": 1345.65, "end": 1346.37, "word": " owning", "probability": 0.9990234375 }, { "start": 1346.37, "end": 1346.89, "word": " high", "probability": 1.0 }, { "start": 1346.89, "end": 1347.21, "word": " quality", "probability": 0.99072265625 }, { "start": 1347.21, "end": 1347.71, "word": " equities", "probability": 0.99853515625 }, { "start": 1347.71, "end": 1348.59, "word": " um", "probability": 0.9892578125 } ] }, { "start": 1348.59, "end": 1354.55, "text": "uh owning the best real estate with you know a fixed rate like fiat debt attached to it those", "avg_logprob": -0.08298510209072468, "no_speech_prob": 0.0, "words": [ { "start": 1348.59, "end": 1349.15, "word": " uh", "probability": 0.9814453125 }, { "start": 1349.15, "end": 1349.75, "word": " owning", "probability": 0.99951171875 }, { "start": 1349.75, "end": 1349.89, "word": " the", "probability": 1.0 }, { "start": 1349.89, "end": 1350.11, "word": " best", "probability": 0.9990234375 }, { "start": 1350.11, "end": 1350.33, "word": " real", "probability": 1.0 }, { "start": 1350.33, "end": 1350.65, "word": " estate", "probability": 0.99267578125 }, { "start": 1350.65, "end": 1351.29, "word": " with", "probability": 1.0 }, { "start": 1351.29, "end": 1351.49, "word": " you", "probability": 0.9990234375 }, { "start": 1351.49, "end": 1351.55, "word": " know", "probability": 0.990234375 }, { "start": 1351.55, "end": 1351.91, "word": " a", "probability": 0.9990234375 }, { "start": 1351.91, "end": 1352.47, "word": " fixed", "probability": 0.986328125 }, { "start": 1352.47, "end": 1352.75, "word": " rate", "probability": 0.9921875 }, { "start": 1352.75, "end": 1353.07, "word": " like", "probability": 0.9833984375 }, { "start": 1353.07, "end": 1353.33, "word": " fiat", "probability": 0.999267578125 }, { "start": 1353.33, "end": 1353.51, "word": " debt", "probability": 0.98779296875 }, { "start": 1353.51, "end": 1353.85, "word": " attached", "probability": 0.99951171875 }, { "start": 1353.85, "end": 1353.99, "word": " to", "probability": 1.0 }, { "start": 1353.99, "end": 1354.09, "word": " it", "probability": 0.99755859375 }, { "start": 1354.09, "end": 1354.55, "word": " those", "probability": 0.9990234375 } ] }, { "start": 1354.55, "end": 1359.85, "text": "of all generally good trades to do and it's been one of the worst five or six year stretches to", "avg_logprob": -0.06618923967083296, "no_speech_prob": 0.0, "words": [ { "start": 1354.55, "end": 1354.67, "word": " of", "probability": 0.317626953125 }, { "start": 1354.67, "end": 1354.83, "word": " all", "probability": 0.98828125 }, { "start": 1354.83, "end": 1355.41, "word": " generally", "probability": 0.71728515625 }, { "start": 1355.41, "end": 1355.79, "word": " good", "probability": 0.9990234375 }, { "start": 1355.79, "end": 1356.17, "word": " trades", "probability": 0.99951171875 }, { "start": 1356.17, "end": 1356.33, "word": " to", "probability": 1.0 }, { "start": 1356.33, "end": 1356.63, "word": " do", "probability": 1.0 }, { "start": 1356.63, "end": 1357.27, "word": " and", "probability": 0.4287109375 }, { "start": 1357.27, "end": 1357.45, "word": " it's", "probability": 0.99755859375 }, { "start": 1357.45, "end": 1357.57, "word": " been", "probability": 0.99951171875 }, { "start": 1357.57, "end": 1357.75, "word": " one", "probability": 0.99951171875 }, { "start": 1357.75, "end": 1357.83, "word": " of", "probability": 1.0 }, { "start": 1357.83, "end": 1357.91, "word": " the", "probability": 1.0 }, { "start": 1357.91, "end": 1358.21, "word": " worst", "probability": 0.99951171875 }, { "start": 1358.21, "end": 1358.71, "word": " five", "probability": 0.97119140625 }, { "start": 1358.71, "end": 1358.87, "word": " or", "probability": 0.9873046875 }, { "start": 1358.87, "end": 1359.01, "word": " six", "probability": 0.9990234375 }, { "start": 1359.01, "end": 1359.19, "word": " year", "probability": 0.7978515625 }, { "start": 1359.19, "end": 1359.57, "word": " stretches", "probability": 0.9931640625 }, { "start": 1359.57, "end": 1359.85, "word": " to", "probability": 0.99951171875 } ] }, { "start": 1359.85, "end": 1367.07, "text": "hold bonds like in in our parents and grandparents lifetimes it like the the it's been a massive", "avg_logprob": -0.06618923967083296, "no_speech_prob": 0.0, "words": [ { "start": 1359.85, "end": 1360.07, "word": " hold", "probability": 0.99609375 }, { "start": 1360.07, "end": 1360.59, "word": " bonds", "probability": 0.99853515625 }, { "start": 1360.59, "end": 1361.39, "word": " like", "probability": 0.74365234375 }, { "start": 1361.39, "end": 1361.77, "word": " in", "probability": 0.9990234375 }, { "start": 1361.77, "end": 1362.05, "word": " in", "probability": 0.468994140625 }, { "start": 1362.05, "end": 1362.47, "word": " our", "probability": 0.97998046875 }, { "start": 1362.47, "end": 1362.83, "word": " parents", "probability": 0.9990234375 }, { "start": 1362.83, "end": 1362.99, "word": " and", "probability": 0.99169921875 }, { "start": 1362.99, "end": 1363.41, "word": " grandparents", "probability": 0.9833984375 }, { "start": 1363.41, "end": 1364.05, "word": " lifetimes", "probability": 0.9970703125 }, { "start": 1364.05, "end": 1364.57, "word": " it", "probability": 0.96044921875 }, { "start": 1364.57, "end": 1364.79, "word": " like", "probability": 0.8681640625 }, { "start": 1364.79, "end": 1365.07, "word": " the", "probability": 0.99853515625 }, { "start": 1365.07, "end": 1365.43, "word": " the", "probability": 0.96533203125 }, { "start": 1365.43, "end": 1366.47, "word": " it's", "probability": 0.999755859375 }, { "start": 1366.47, "end": 1366.59, "word": " been", "probability": 1.0 }, { "start": 1366.59, "end": 1366.73, "word": " a", "probability": 1.0 }, { "start": 1366.73, "end": 1367.07, "word": " massive", "probability": 0.9990234375 } ] }, { "start": 1367.07, "end": 1373.31, "text": "bond bear market both in nominal terms and especially in real terms um and um and you know", "avg_logprob": -0.06618923967083296, "no_speech_prob": 0.0, "words": [ { "start": 1367.07, "end": 1367.41, "word": " bond", "probability": 0.9990234375 }, { "start": 1367.41, "end": 1367.61, "word": " bear", "probability": 0.990234375 }, { "start": 1367.61, "end": 1367.95, "word": " market", "probability": 1.0 }, { "start": 1367.95, "end": 1368.15, "word": " both", "probability": 0.99951171875 }, { "start": 1368.15, "end": 1368.31, "word": " in", "probability": 0.99853515625 }, { "start": 1368.31, "end": 1368.61, "word": " nominal", "probability": 1.0 }, { "start": 1368.61, "end": 1368.99, "word": " terms", "probability": 1.0 }, { "start": 1368.99, "end": 1369.15, "word": " and", "probability": 1.0 }, { "start": 1369.15, "end": 1369.51, "word": " especially", "probability": 0.828125 }, { "start": 1369.51, "end": 1369.73, "word": " in", "probability": 1.0 }, { "start": 1369.73, "end": 1369.91, "word": " real", "probability": 0.99853515625 }, { "start": 1369.91, "end": 1370.31, "word": " terms", "probability": 0.99951171875 }, { "start": 1370.31, "end": 1371.17, "word": " um", "probability": 0.8818359375 }, { "start": 1371.17, "end": 1372.15, "word": " and", "probability": 1.0 }, { "start": 1372.15, "end": 1372.55, "word": " um", "probability": 0.89453125 }, { "start": 1372.55, "end": 1372.93, "word": " and", "probability": 0.9853515625 }, { "start": 1372.93, "end": 1373.31, "word": " you", "probability": 0.98779296875 }, { "start": 1373.31, "end": 1373.31, "word": " know", "probability": 1.0 } ] }, { "start": 1373.31, "end": 1377.75, "text": "i think that the the degree of that's probably over i mean when you go from like almost zero", "avg_logprob": -0.06618923967083296, "no_speech_prob": 0.0, "words": [ { "start": 1373.31, "end": 1373.39, "word": " i", "probability": 0.94970703125 }, { "start": 1373.39, "end": 1373.49, "word": " think", "probability": 1.0 }, { "start": 1373.49, "end": 1373.67, "word": " that", "probability": 1.0 }, { "start": 1373.67, "end": 1374.49, "word": " the", "probability": 0.99853515625 }, { "start": 1374.49, "end": 1374.75, "word": " the", "probability": 0.92724609375 }, { "start": 1374.75, "end": 1375.03, "word": " degree", "probability": 1.0 }, { "start": 1375.03, "end": 1375.19, "word": " of", "probability": 0.99951171875 }, { "start": 1375.19, "end": 1375.43, "word": " that's", "probability": 0.99951171875 }, { "start": 1375.43, "end": 1375.73, "word": " probably", "probability": 0.99951171875 }, { "start": 1375.73, "end": 1376.01, "word": " over", "probability": 1.0 }, { "start": 1376.01, "end": 1376.17, "word": " i", "probability": 0.9990234375 }, { "start": 1376.17, "end": 1376.25, "word": " mean", "probability": 0.9990234375 }, { "start": 1376.25, "end": 1376.45, "word": " when", "probability": 0.99365234375 }, { "start": 1376.45, "end": 1376.51, "word": " you", "probability": 0.99951171875 }, { "start": 1376.51, "end": 1376.65, "word": " go", "probability": 1.0 }, { "start": 1376.65, "end": 1376.79, "word": " from", "probability": 0.9990234375 }, { "start": 1376.79, "end": 1377.21, "word": " like", "probability": 0.99365234375 }, { "start": 1377.21, "end": 1377.47, "word": " almost", "probability": 0.99951171875 }, { "start": 1377.47, "end": 1377.75, "word": " zero", "probability": 1.0 } ] }, { "start": 1377.75, "end": 1385.35, "text": "rates to 5% on the 10-year, a lot of that move is over. But we're still in this kind of fiscal", "avg_logprob": -0.10379464334838993, "no_speech_prob": 0.0, "words": [ { "start": 1377.75, "end": 1378.11, "word": " rates", "probability": 0.8916015625 }, { "start": 1378.11, "end": 1378.35, "word": " to", "probability": 0.99560546875 }, { "start": 1378.35, "end": 1379.21, "word": " 5", "probability": 0.6376953125 }, { "start": 1379.21, "end": 1379.49, "word": "%", "probability": 0.994140625 }, { "start": 1379.49, "end": 1379.67, "word": " on", "probability": 0.98681640625 }, { "start": 1379.67, "end": 1379.75, "word": " the", "probability": 0.99951171875 }, { "start": 1379.75, "end": 1379.95, "word": " 10", "probability": 0.92529296875 }, { "start": 1379.95, "end": 1380.11, "word": "-year,", "probability": 0.847900390625 }, { "start": 1380.29, "end": 1381.37, "word": " a", "probability": 0.99853515625 }, { "start": 1381.37, "end": 1381.49, "word": " lot", "probability": 1.0 }, { "start": 1381.49, "end": 1381.57, "word": " of", "probability": 1.0 }, { "start": 1381.57, "end": 1381.69, "word": " that", "probability": 1.0 }, { "start": 1381.69, "end": 1381.87, "word": " move", "probability": 0.99755859375 }, { "start": 1381.87, "end": 1382.19, "word": " is", "probability": 1.0 }, { "start": 1382.19, "end": 1382.59, "word": " over.", "probability": 0.99853515625 }, { "start": 1383.47, "end": 1383.95, "word": " But", "probability": 0.95263671875 }, { "start": 1383.95, "end": 1384.39, "word": " we're", "probability": 0.994140625 }, { "start": 1384.39, "end": 1384.61, "word": " still", "probability": 0.99951171875 }, { "start": 1384.61, "end": 1384.77, "word": " in", "probability": 0.998046875 }, { "start": 1384.77, "end": 1384.89, "word": " this", "probability": 0.9970703125 }, { "start": 1384.89, "end": 1385.01, "word": " kind", "probability": 0.57177734375 }, { "start": 1385.01, "end": 1385.11, "word": " of", "probability": 0.99951171875 }, { "start": 1385.11, "end": 1385.35, "word": " fiscal", "probability": 0.98681640625 } ] }, { "start": 1385.35, "end": 1393.51, "text": "dominance phase, which does continue to some degree fueling equities. And so that's why I've", "avg_logprob": -0.10379464334838993, "no_speech_prob": 0.0, "words": [ { "start": 1385.35, "end": 1385.81, "word": " dominance", "probability": 0.95458984375 }, { "start": 1385.81, "end": 1387.39, "word": " phase,", "probability": 0.99951171875 }, { "start": 1387.39, "end": 1388.61, "word": " which", "probability": 1.0 }, { "start": 1388.61, "end": 1388.85, "word": " does", "probability": 1.0 }, { "start": 1388.85, "end": 1389.33, "word": " continue", "probability": 1.0 }, { "start": 1389.33, "end": 1389.49, "word": " to", "probability": 0.87548828125 }, { "start": 1389.49, "end": 1389.65, "word": " some", "probability": 0.99951171875 }, { "start": 1389.65, "end": 1389.85, "word": " degree", "probability": 1.0 }, { "start": 1389.85, "end": 1390.35, "word": " fueling", "probability": 0.9677734375 }, { "start": 1390.35, "end": 1390.81, "word": " equities.", "probability": 0.99951171875 }, { "start": 1391.81, "end": 1392.29, "word": " And", "probability": 0.8095703125 }, { "start": 1392.29, "end": 1392.43, "word": " so", "probability": 0.9990234375 }, { "start": 1392.43, "end": 1392.69, "word": " that's", "probability": 0.97900390625 }, { "start": 1392.69, "end": 1392.83, "word": " why", "probability": 0.99951171875 }, { "start": 1392.83, "end": 1393.51, "word": " I've", "probability": 0.99951171875 } ] }, { "start": 1393.51, "end": 1399.17, "text": "been a long-term equity bull, despite raising concerns around various things, because", "avg_logprob": -0.10379464334838993, "no_speech_prob": 0.0, "words": [ { "start": 1393.51, "end": 1393.99, "word": " been", "probability": 0.9921875 }, { "start": 1393.99, "end": 1394.11, "word": " a", "probability": 0.99951171875 }, { "start": 1394.11, "end": 1394.37, "word": " long", "probability": 1.0 }, { "start": 1394.37, "end": 1394.55, "word": "-term", "probability": 0.99462890625 }, { "start": 1394.55, "end": 1394.91, "word": " equity", "probability": 0.99951171875 }, { "start": 1394.91, "end": 1395.35, "word": " bull,", "probability": 0.970703125 }, { "start": 1395.55, "end": 1396.73, "word": " despite", "probability": 1.0 }, { "start": 1396.73, "end": 1397.29, "word": " raising", "probability": 0.99951171875 }, { "start": 1397.29, "end": 1397.79, "word": " concerns", "probability": 1.0 }, { "start": 1397.79, "end": 1398.03, "word": " around", "probability": 1.0 }, { "start": 1398.03, "end": 1398.37, "word": " various", "probability": 1.0 }, { "start": 1398.37, "end": 1398.69, "word": " things,", "probability": 1.0 }, { "start": 1398.83, "end": 1399.17, "word": " because", "probability": 0.99951171875 } ] }, { "start": 1399.67, "end": 1403.57, "text": "like anyone who studies emerging markets, for example, when they have a currency crisis,", "avg_logprob": -0.10379464334838993, "no_speech_prob": 0.0, "words": [ { "start": 1399.67, "end": 1400.15, "word": " like", "probability": 0.4248046875 }, { "start": 1400.15, "end": 1400.37, "word": " anyone", "probability": 0.9990234375 }, { "start": 1400.37, "end": 1400.49, "word": " who", "probability": 0.99951171875 }, { "start": 1400.49, "end": 1400.71, "word": " studies", "probability": 0.99951171875 }, { "start": 1400.71, "end": 1400.99, "word": " emerging", "probability": 0.998046875 }, { "start": 1400.99, "end": 1401.35, "word": " markets,", "probability": 0.99853515625 }, { "start": 1401.43, "end": 1401.51, "word": " for", "probability": 1.0 }, { "start": 1401.51, "end": 1401.79, "word": " example,", "probability": 1.0 }, { "start": 1402.15, "end": 1402.51, "word": " when", "probability": 1.0 }, { "start": 1402.51, "end": 1402.59, "word": " they", "probability": 1.0 }, { "start": 1402.59, "end": 1402.69, "word": " have", "probability": 1.0 }, { "start": 1402.69, "end": 1402.77, "word": " a", "probability": 0.9990234375 }, { "start": 1402.77, "end": 1403.09, "word": " currency", "probability": 0.98974609375 }, { "start": 1403.09, "end": 1403.57, "word": " crisis,", "probability": 1.0 } ] }, { "start": 1403.57, "end": 1406.49, "text": "I mean, their stocks go up in their local currency terms.", "avg_logprob": -0.15666852385870048, "no_speech_prob": 0.0, "words": [ { "start": 1403.57, "end": 1403.75, "word": " I", "probability": 0.85546875 }, { "start": 1403.75, "end": 1403.85, "word": " mean,", "probability": 1.0 }, { "start": 1403.93, "end": 1403.99, "word": " their", "probability": 1.0 }, { "start": 1403.99, "end": 1404.29, "word": " stocks", "probability": 1.0 }, { "start": 1404.29, "end": 1404.53, "word": " go", "probability": 1.0 }, { "start": 1404.53, "end": 1404.85, "word": " up", "probability": 1.0 }, { "start": 1404.85, "end": 1405.45, "word": " in", "probability": 0.99951171875 }, { "start": 1405.45, "end": 1405.59, "word": " their", "probability": 1.0 }, { "start": 1405.59, "end": 1405.87, "word": " local", "probability": 1.0 }, { "start": 1405.87, "end": 1406.21, "word": " currency", "probability": 1.0 }, { "start": 1406.21, "end": 1406.49, "word": " terms.", "probability": 1.0 } ] }, { "start": 1406.69, "end": 1407.91, "text": "They might go down in dollar terms.", "avg_logprob": -0.15666852385870048, "no_speech_prob": 0.0, "words": [ { "start": 1406.69, "end": 1406.75, "word": " They", "probability": 1.0 }, { "start": 1406.75, "end": 1406.91, "word": " might", "probability": 0.91357421875 }, { "start": 1406.91, "end": 1407.03, "word": " go", "probability": 1.0 }, { "start": 1407.03, "end": 1407.25, "word": " down", "probability": 1.0 }, { "start": 1407.25, "end": 1407.37, "word": " in", "probability": 1.0 }, { "start": 1407.37, "end": 1407.59, "word": " dollar", "probability": 1.0 }, { "start": 1407.59, "end": 1407.91, "word": " terms.", "probability": 1.0 } ] }, { "start": 1407.97, "end": 1412.01, "text": "They might go down in gold terms, but they're often going up in their local currency terms.", "avg_logprob": -0.15666852385870048, "no_speech_prob": 0.0, "words": [ { "start": 1407.97, "end": 1408.05, "word": " They", "probability": 0.99951171875 }, { "start": 1408.05, "end": 1408.17, "word": " might", "probability": 0.75537109375 }, { "start": 1408.17, "end": 1408.27, "word": " go", "probability": 1.0 }, { "start": 1408.27, "end": 1408.47, "word": " down", "probability": 1.0 }, { "start": 1408.47, "end": 1408.61, "word": " in", "probability": 1.0 }, { "start": 1408.61, "end": 1408.81, "word": " gold", "probability": 0.99951171875 }, { "start": 1408.81, "end": 1409.21, "word": " terms,", "probability": 1.0 }, { "start": 1409.21, "end": 1410.19, "word": " but", "probability": 1.0 }, { "start": 1410.19, "end": 1410.33, "word": " they're", "probability": 0.999755859375 }, { "start": 1410.33, "end": 1410.49, "word": " often", "probability": 1.0 }, { "start": 1410.49, "end": 1410.67, "word": " going", "probability": 1.0 }, { "start": 1410.67, "end": 1410.95, "word": " up", "probability": 1.0 }, { "start": 1410.95, "end": 1411.05, "word": " in", "probability": 1.0 }, { "start": 1411.05, "end": 1411.15, "word": " their", "probability": 1.0 }, { "start": 1411.15, "end": 1411.37, "word": " local", "probability": 1.0 }, { "start": 1411.37, "end": 1411.73, "word": " currency", "probability": 1.0 }, { "start": 1411.73, "end": 1412.01, "word": " terms.", "probability": 0.99853515625 } ] }, { "start": 1412.17, "end": 1415.07, "text": "So I've been a bull on equities and gold.", "avg_logprob": -0.15666852385870048, "no_speech_prob": 0.0, "words": [ { "start": 1412.17, "end": 1412.37, "word": " So", "probability": 0.98486328125 }, { "start": 1412.37, "end": 1413.07, "word": " I've", "probability": 0.972412109375 }, { "start": 1413.07, "end": 1413.17, "word": " been", "probability": 1.0 }, { "start": 1413.17, "end": 1413.31, "word": " a", "probability": 1.0 }, { "start": 1413.31, "end": 1413.47, "word": " bull", "probability": 0.9990234375 }, { "start": 1413.47, "end": 1413.79, "word": " on", "probability": 0.99609375 }, { "start": 1413.79, "end": 1414.73, "word": " equities", "probability": 0.97607421875 }, { "start": 1414.73, "end": 1414.95, "word": " and", "probability": 0.9755859375 }, { "start": 1414.95, "end": 1415.07, "word": " gold.", "probability": 0.99951171875 } ] }, { "start": 1415.41, "end": 1415.63, "text": "Yeah.", "avg_logprob": -0.15666852385870048, "no_speech_prob": 0.0, "words": [ { "start": 1415.41, "end": 1415.63, "word": " Yeah.", "probability": 0.908203125 } ] }, { "start": 1417.47, "end": 1424.49, "text": "Well said, because I think that in this sort of world of FinTwit, those people get in their tribes.", "avg_logprob": -0.15666852385870048, "no_speech_prob": 0.0, "words": [ { "start": 1417.47, "end": 1417.87, "word": " Well", "probability": 0.99365234375 }, { "start": 1417.87, "end": 1418.13, "word": " said,", "probability": 1.0 }, { "start": 1418.13, "end": 1418.35, "word": " because", "probability": 0.9990234375 }, { "start": 1418.35, "end": 1418.49, "word": " I", "probability": 1.0 }, { "start": 1418.49, "end": 1418.71, "word": " think", "probability": 1.0 }, { "start": 1418.71, "end": 1418.97, "word": " that", "probability": 1.0 }, { "start": 1418.97, "end": 1419.25, "word": " in", "probability": 1.0 }, { "start": 1419.25, "end": 1419.89, "word": " this", "probability": 0.98291015625 }, { "start": 1419.89, "end": 1420.07, "word": " sort", "probability": 0.92138671875 }, { "start": 1420.07, "end": 1420.27, "word": " of", "probability": 1.0 }, { "start": 1420.27, "end": 1421.69, "word": " world", "probability": 0.72998046875 }, { "start": 1421.69, "end": 1421.99, "word": " of", "probability": 0.99755859375 }, { "start": 1421.99, "end": 1422.43, "word": " FinTwit,", "probability": 0.716552734375 }, { "start": 1422.63, "end": 1422.87, "word": " those", "probability": 0.994140625 }, { "start": 1422.87, "end": 1423.69, "word": " people", "probability": 1.0 }, { "start": 1423.69, "end": 1423.85, "word": " get", "probability": 1.0 }, { "start": 1423.85, "end": 1423.93, "word": " in", "probability": 1.0 }, { "start": 1423.93, "end": 1424.03, "word": " their", "probability": 1.0 }, { "start": 1424.03, "end": 1424.49, "word": " tribes.", "probability": 1.0 } ] }, { "start": 1424.69, "end": 1428.29, "text": "And I think that's what makes it difficult when you're talking about diversification.", "avg_logprob": -0.15666852385870048, "no_speech_prob": 0.0, "words": [ { "start": 1424.69, "end": 1425.09, "word": " And", "probability": 0.89599609375 }, { "start": 1425.09, "end": 1425.75, "word": " I", "probability": 0.99365234375 }, { "start": 1425.75, "end": 1426.11, "word": " think", "probability": 1.0 }, { "start": 1426.11, "end": 1426.31, "word": " that's", "probability": 1.0 }, { "start": 1426.31, "end": 1426.41, "word": " what", "probability": 1.0 }, { "start": 1426.41, "end": 1426.61, "word": " makes", "probability": 1.0 }, { "start": 1426.61, "end": 1426.71, "word": " it", "probability": 1.0 }, { "start": 1426.71, "end": 1426.99, "word": " difficult", "probability": 1.0 }, { "start": 1426.99, "end": 1427.17, "word": " when", "probability": 1.0 }, { "start": 1427.17, "end": 1427.27, "word": " you're", "probability": 1.0 }, { "start": 1427.27, "end": 1427.41, "word": " talking", "probability": 1.0 }, { "start": 1427.41, "end": 1427.57, "word": " about", "probability": 1.0 }, { "start": 1427.57, "end": 1428.29, "word": " diversification.", "probability": 1.0 } ] }, { "start": 1428.29, "end": 1436.39, "text": "By the way, Lynn puts a model portfolio up on her newsletter and you're very transparent about it, which I think is awesome when you're explaining some of these things.", "avg_logprob": -0.08775111361007605, "no_speech_prob": 0.0, "words": [ { "start": 1428.29, "end": 1428.73, "word": " By", "probability": 0.99169921875 }, { "start": 1428.73, "end": 1428.81, "word": " the", "probability": 1.0 }, { "start": 1428.81, "end": 1428.95, "word": " way,", "probability": 1.0 }, { "start": 1429.15, "end": 1429.51, "word": " Lynn", "probability": 0.9638671875 }, { "start": 1429.51, "end": 1429.79, "word": " puts", "probability": 1.0 }, { "start": 1429.79, "end": 1430.29, "word": " a", "probability": 1.0 }, { "start": 1430.29, "end": 1430.53, "word": " model", "probability": 0.99951171875 }, { "start": 1430.53, "end": 1431.03, "word": " portfolio", "probability": 1.0 }, { "start": 1431.03, "end": 1431.43, "word": " up", "probability": 1.0 }, { "start": 1431.43, "end": 1431.61, "word": " on", "probability": 1.0 }, { "start": 1431.61, "end": 1431.73, "word": " her", "probability": 1.0 }, { "start": 1431.73, "end": 1432.13, "word": " newsletter", "probability": 1.0 }, { "start": 1432.13, "end": 1432.45, "word": " and", "probability": 0.433349609375 }, { "start": 1432.45, "end": 1432.63, "word": " you're", "probability": 1.0 }, { "start": 1432.63, "end": 1432.79, "word": " very", "probability": 1.0 }, { "start": 1432.79, "end": 1433.19, "word": " transparent", "probability": 1.0 }, { "start": 1433.19, "end": 1433.43, "word": " about", "probability": 1.0 }, { "start": 1433.43, "end": 1433.55, "word": " it,", "probability": 0.99609375 }, { "start": 1433.59, "end": 1433.65, "word": " which", "probability": 1.0 }, { "start": 1433.65, "end": 1433.75, "word": " I", "probability": 1.0 }, { "start": 1433.75, "end": 1433.85, "word": " think", "probability": 1.0 }, { "start": 1433.85, "end": 1433.99, "word": " is", "probability": 1.0 }, { "start": 1433.99, "end": 1434.33, "word": " awesome", "probability": 1.0 }, { "start": 1434.33, "end": 1434.51, "word": " when", "probability": 0.8359375 }, { "start": 1434.51, "end": 1434.63, "word": " you're", "probability": 1.0 }, { "start": 1434.63, "end": 1435.09, "word": " explaining", "probability": 1.0 }, { "start": 1435.09, "end": 1435.63, "word": " some", "probability": 1.0 }, { "start": 1435.63, "end": 1435.75, "word": " of", "probability": 1.0 }, { "start": 1435.75, "end": 1436.01, "word": " these", "probability": 1.0 }, { "start": 1436.01, "end": 1436.39, "word": " things.", "probability": 1.0 } ] }, { "start": 1436.43, "end": 1441.61, "text": "You can see some of the areas that she's investing in. Profitable equities.", "avg_logprob": -0.08775111361007605, "no_speech_prob": 0.0, "words": [ { "start": 1436.43, "end": 1436.81, "word": " You", "probability": 0.99267578125 }, { "start": 1436.81, "end": 1436.93, "word": " can", "probability": 0.99560546875 }, { "start": 1436.93, "end": 1437.21, "word": " see", "probability": 1.0 }, { "start": 1437.21, "end": 1437.49, "word": " some", "probability": 1.0 }, { "start": 1437.49, "end": 1437.73, "word": " of", "probability": 1.0 }, { "start": 1437.73, "end": 1438.45, "word": " the", "probability": 1.0 }, { "start": 1438.45, "end": 1438.77, "word": " areas", "probability": 1.0 }, { "start": 1438.77, "end": 1438.99, "word": " that", "probability": 1.0 }, { "start": 1438.99, "end": 1439.19, "word": " she's", "probability": 1.0 }, { "start": 1439.19, "end": 1439.51, "word": " investing", "probability": 1.0 }, { "start": 1439.51, "end": 1439.73, "word": " in.", "probability": 1.0 }, { "start": 1440.37, "end": 1440.89, "word": " Profitable", "probability": 0.998779296875 }, { "start": 1440.89, "end": 1441.61, "word": " equities.", "probability": 0.999755859375 } ] }, { "start": 1442.29, "end": 1451.33, "text": "What in a digitized world where intelligence is going to be ubiquitous, what does a profitable moat look like?", "avg_logprob": -0.08775111361007605, "no_speech_prob": 0.0, "words": [ { "start": 1442.29, "end": 1442.81, "word": " What", "probability": 0.64013671875 }, { "start": 1442.81, "end": 1443.21, "word": " in", "probability": 0.77685546875 }, { "start": 1443.21, "end": 1443.61, "word": " a", "probability": 0.99755859375 }, { "start": 1443.61, "end": 1444.35, "word": " digitized", "probability": 0.998779296875 }, { "start": 1444.35, "end": 1444.73, "word": " world", "probability": 1.0 }, { "start": 1444.73, "end": 1445.01, "word": " where", "probability": 0.99169921875 }, { "start": 1445.01, "end": 1445.59, "word": " intelligence", "probability": 1.0 }, { "start": 1445.59, "end": 1445.93, "word": " is", "probability": 1.0 }, { "start": 1445.93, "end": 1446.05, "word": " going", "probability": 0.98876953125 }, { "start": 1446.05, "end": 1446.13, "word": " to", "probability": 1.0 }, { "start": 1446.13, "end": 1446.25, "word": " be", "probability": 1.0 }, { "start": 1446.25, "end": 1446.79, "word": " ubiquitous,", "probability": 1.0 }, { "start": 1446.87, "end": 1447.13, "word": " what", "probability": 1.0 }, { "start": 1447.13, "end": 1447.49, "word": " does", "probability": 1.0 }, { "start": 1447.49, "end": 1448.17, "word": " a", "probability": 1.0 }, { "start": 1448.17, "end": 1448.85, "word": " profitable", "probability": 1.0 }, { "start": 1448.85, "end": 1450.65, "word": " moat", "probability": 0.95166015625 }, { "start": 1450.65, "end": 1450.99, "word": " look", "probability": 1.0 }, { "start": 1450.99, "end": 1451.33, "word": " like?", "probability": 1.0 } ] }, { "start": 1451.45, "end": 1457.77, "text": "Is that still what we're looking for? Because it seems like it's hard to know now what that's going to be.", "avg_logprob": -0.08775111361007605, "no_speech_prob": 0.0, "words": [ { "start": 1451.45, "end": 1451.75, "word": " Is", "probability": 0.334228515625 }, { "start": 1451.75, "end": 1451.91, "word": " that", "probability": 1.0 }, { "start": 1451.91, "end": 1452.37, "word": " still", "probability": 1.0 }, { "start": 1452.37, "end": 1452.55, "word": " what", "probability": 1.0 }, { "start": 1452.55, "end": 1452.71, "word": " we're", "probability": 1.0 }, { "start": 1452.71, "end": 1452.95, "word": " looking", "probability": 1.0 }, { "start": 1452.95, "end": 1453.41, "word": " for?", "probability": 1.0 }, { "start": 1454.49, "end": 1455.01, "word": " Because", "probability": 0.99609375 }, { "start": 1455.01, "end": 1455.19, "word": " it", "probability": 1.0 }, { "start": 1455.19, "end": 1455.45, "word": " seems", "probability": 1.0 }, { "start": 1455.45, "end": 1455.65, "word": " like", "probability": 1.0 }, { "start": 1455.65, "end": 1455.89, "word": " it's", "probability": 1.0 }, { "start": 1455.89, "end": 1456.13, "word": " hard", "probability": 1.0 }, { "start": 1456.13, "end": 1456.31, "word": " to", "probability": 1.0 }, { "start": 1456.31, "end": 1456.53, "word": " know", "probability": 1.0 }, { "start": 1456.53, "end": 1456.77, "word": " now", "probability": 1.0 }, { "start": 1456.77, "end": 1456.99, "word": " what", "probability": 1.0 }, { "start": 1456.99, "end": 1457.25, "word": " that's", "probability": 1.0 }, { "start": 1457.25, "end": 1457.41, "word": " going", "probability": 1.0 }, { "start": 1457.41, "end": 1457.53, "word": " to", "probability": 1.0 }, { "start": 1457.53, "end": 1457.77, "word": " be.", "probability": 1.0 } ] }, { "start": 1458.29, "end": 1461.89, "text": "good question i mean for example like the the semiconductor companies are incredibly profitable", "avg_logprob": -0.06146816132625319, "no_speech_prob": 0.0, "words": [ { "start": 1458.29, "end": 1458.43, "word": " good", "probability": 0.122802734375 }, { "start": 1458.43, "end": 1458.73, "word": " question", "probability": 0.99951171875 }, { "start": 1458.73, "end": 1458.85, "word": " i", "probability": 0.509765625 }, { "start": 1458.85, "end": 1458.93, "word": " mean", "probability": 1.0 }, { "start": 1458.93, "end": 1459.07, "word": " for", "probability": 1.0 }, { "start": 1459.07, "end": 1459.41, "word": " example", "probability": 1.0 }, { "start": 1459.41, "end": 1459.65, "word": " like", "probability": 0.998046875 }, { "start": 1459.65, "end": 1459.83, "word": " the", "probability": 1.0 }, { "start": 1459.83, "end": 1460.03, "word": " the", "probability": 0.9609375 }, { "start": 1460.03, "end": 1460.43, "word": " semiconductor", "probability": 0.9990234375 }, { "start": 1460.43, "end": 1460.95, "word": " companies", "probability": 1.0 }, { "start": 1460.95, "end": 1461.13, "word": " are", "probability": 1.0 }, { "start": 1461.13, "end": 1461.41, "word": " incredibly", "probability": 1.0 }, { "start": 1461.41, "end": 1461.89, "word": " profitable", "probability": 0.9990234375 } ] }, { "start": 1462.51, "end": 1468.87, "text": "um uh and the reason i put that there and that's a phrase i've been using since like the 2010s", "avg_logprob": -0.06146816132625319, "no_speech_prob": 0.0, "words": [ { "start": 1462.51, "end": 1462.99, "word": " um", "probability": 0.986328125 }, { "start": 1462.99, "end": 1463.47, "word": " uh", "probability": 0.97802734375 }, { "start": 1463.47, "end": 1463.95, "word": " and", "probability": 1.0 }, { "start": 1463.95, "end": 1464.31, "word": " the", "probability": 1.0 }, { "start": 1464.31, "end": 1464.63, "word": " reason", "probability": 0.99853515625 }, { "start": 1464.63, "end": 1464.75, "word": " i", "probability": 0.99951171875 }, { "start": 1464.75, "end": 1464.89, "word": " put", "probability": 1.0 }, { "start": 1464.89, "end": 1465.09, "word": " that", "probability": 1.0 }, { "start": 1465.09, "end": 1465.33, "word": " there", "probability": 0.99951171875 }, { "start": 1465.33, "end": 1466.49, "word": " and", "probability": 1.0 }, { "start": 1466.49, "end": 1466.83, "word": " that's", "probability": 1.0 }, { "start": 1466.83, "end": 1466.91, "word": " a", "probability": 0.96533203125 }, { "start": 1466.91, "end": 1467.15, "word": " phrase", "probability": 0.99853515625 }, { "start": 1467.15, "end": 1467.33, "word": " i've", "probability": 1.0 }, { "start": 1467.33, "end": 1467.41, "word": " been", "probability": 1.0 }, { "start": 1467.41, "end": 1467.63, "word": " using", "probability": 1.0 }, { "start": 1467.63, "end": 1467.93, "word": " since", "probability": 1.0 }, { "start": 1467.93, "end": 1468.05, "word": " like", "probability": 1.0 }, { "start": 1468.05, "end": 1468.17, "word": " the", "probability": 0.998046875 }, { "start": 1468.17, "end": 1468.87, "word": " 2010s", "probability": 0.9970703125 } ] }, { "start": 1468.87, "end": 1474.65, "text": "really there's this long stretch of just owning unprofitable companies because in a zero rate", "avg_logprob": -0.06146816132625319, "no_speech_prob": 0.0, "words": [ { "start": 1468.87, "end": 1469.11, "word": " really", "probability": 0.998046875 }, { "start": 1469.11, "end": 1470.15, "word": " there's", "probability": 0.78955078125 }, { "start": 1470.15, "end": 1470.29, "word": " this", "probability": 0.84765625 }, { "start": 1470.29, "end": 1470.61, "word": " long", "probability": 0.99951171875 }, { "start": 1470.61, "end": 1471.01, "word": " stretch", "probability": 1.0 }, { "start": 1471.01, "end": 1471.45, "word": " of", "probability": 1.0 }, { "start": 1471.45, "end": 1471.65, "word": " just", "probability": 0.9990234375 }, { "start": 1471.65, "end": 1472.13, "word": " owning", "probability": 1.0 }, { "start": 1472.13, "end": 1472.83, "word": " unprofitable", "probability": 0.9996744791666666 }, { "start": 1472.83, "end": 1473.27, "word": " companies", "probability": 1.0 }, { "start": 1473.27, "end": 1473.95, "word": " because", "probability": 1.0 }, { "start": 1473.95, "end": 1474.13, "word": " in", "probability": 1.0 }, { "start": 1474.13, "end": 1474.21, "word": " a", "probability": 0.9990234375 }, { "start": 1474.21, "end": 1474.45, "word": " zero", "probability": 1.0 }, { "start": 1474.45, "end": 1474.65, "word": " rate", "probability": 0.92236328125 } ] }, { "start": 1474.65, "end": 1479.43, "text": "environment people are saying you know i don't care when you have a profit just keep just focus", "avg_logprob": -0.06146816132625319, "no_speech_prob": 0.0, "words": [ { "start": 1474.65, "end": 1475.11, "word": " environment", "probability": 1.0 }, { "start": 1475.11, "end": 1476.07, "word": " people", "probability": 1.0 }, { "start": 1476.07, "end": 1476.23, "word": " are", "probability": 1.0 }, { "start": 1476.23, "end": 1476.57, "word": " saying", "probability": 1.0 }, { "start": 1476.57, "end": 1476.89, "word": " you", "probability": 1.0 }, { "start": 1476.89, "end": 1477.01, "word": " know", "probability": 0.9990234375 }, { "start": 1477.01, "end": 1477.43, "word": " i", "probability": 1.0 }, { "start": 1477.43, "end": 1477.65, "word": " don't", "probability": 0.997802734375 }, { "start": 1477.65, "end": 1477.87, "word": " care", "probability": 1.0 }, { "start": 1477.87, "end": 1478.05, "word": " when", "probability": 0.931640625 }, { "start": 1478.05, "end": 1478.07, "word": " you", "probability": 0.9990234375 }, { "start": 1478.07, "end": 1478.17, "word": " have", "probability": 0.9970703125 }, { "start": 1478.17, "end": 1478.33, "word": " a", "probability": 0.994140625 }, { "start": 1478.33, "end": 1478.59, "word": " profit", "probability": 0.998046875 }, { "start": 1478.59, "end": 1478.83, "word": " just", "probability": 1.0 }, { "start": 1478.83, "end": 1478.99, "word": " keep", "probability": 0.994140625 }, { "start": 1478.99, "end": 1479.19, "word": " just", "probability": 1.0 }, { "start": 1479.19, "end": 1479.43, "word": " focus", "probability": 0.97021484375 } ] }, { "start": 1479.43, "end": 1484.39, "text": "everything on growth there's the cost of capital is almost zero anyway uh and but now we live in", "avg_logprob": -0.06146816132625319, "no_speech_prob": 0.0, "words": [ { "start": 1479.43, "end": 1479.63, "word": " everything", "probability": 0.9970703125 }, { "start": 1479.63, "end": 1479.81, "word": " on", "probability": 1.0 }, { "start": 1479.81, "end": 1480.17, "word": " growth", "probability": 0.99951171875 }, { "start": 1480.17, "end": 1480.45, "word": " there's", "probability": 0.998291015625 }, { "start": 1480.45, "end": 1480.67, "word": " the", "probability": 0.7314453125 }, { "start": 1480.67, "end": 1480.91, "word": " cost", "probability": 0.99951171875 }, { "start": 1480.91, "end": 1481.01, "word": " of", "probability": 0.99951171875 }, { "start": 1481.01, "end": 1481.31, "word": " capital", "probability": 0.9990234375 }, { "start": 1481.31, "end": 1481.43, "word": " is", "probability": 0.96435546875 }, { "start": 1481.43, "end": 1481.65, "word": " almost", "probability": 0.99951171875 }, { "start": 1481.65, "end": 1481.95, "word": " zero", "probability": 0.99951171875 }, { "start": 1481.95, "end": 1482.35, "word": " anyway", "probability": 1.0 }, { "start": 1482.35, "end": 1483.15, "word": " uh", "probability": 0.9912109375 }, { "start": 1483.15, "end": 1483.67, "word": " and", "probability": 0.99609375 }, { "start": 1483.67, "end": 1483.81, "word": " but", "probability": 1.0 }, { "start": 1483.81, "end": 1483.97, "word": " now", "probability": 1.0 }, { "start": 1483.97, "end": 1484.15, "word": " we", "probability": 1.0 }, { "start": 1484.15, "end": 1484.31, "word": " live", "probability": 1.0 }, { "start": 1484.31, "end": 1484.39, "word": " in", "probability": 1.0 } ] }, { "start": 1484.39, "end": 1490.65, "text": "world where there is a cost of capital those kind of like unprofitable grow at all cost things are", "avg_logprob": -0.05698107839177508, "no_speech_prob": 0.0, "words": [ { "start": 1484.39, "end": 1484.65, "word": " world", "probability": 0.1595458984375 }, { "start": 1484.65, "end": 1484.79, "word": " where", "probability": 0.98291015625 }, { "start": 1484.79, "end": 1484.89, "word": " there", "probability": 0.9990234375 }, { "start": 1484.89, "end": 1485.05, "word": " is", "probability": 0.94921875 }, { "start": 1485.05, "end": 1485.19, "word": " a", "probability": 0.96484375 }, { "start": 1485.19, "end": 1485.35, "word": " cost", "probability": 0.998046875 }, { "start": 1485.35, "end": 1485.51, "word": " of", "probability": 0.8671875 }, { "start": 1485.51, "end": 1485.91, "word": " capital", "probability": 0.9990234375 }, { "start": 1485.91, "end": 1486.75, "word": " those", "probability": 0.6533203125 }, { "start": 1486.75, "end": 1487.13, "word": " kind", "probability": 0.9736328125 }, { "start": 1487.13, "end": 1487.37, "word": " of", "probability": 1.0 }, { "start": 1487.37, "end": 1487.71, "word": " like", "probability": 0.96435546875 }, { "start": 1487.71, "end": 1488.87, "word": " unprofitable", "probability": 0.99853515625 }, { "start": 1488.87, "end": 1489.15, "word": " grow", "probability": 0.85009765625 }, { "start": 1489.15, "end": 1489.29, "word": " at", "probability": 0.82958984375 }, { "start": 1489.29, "end": 1489.39, "word": " all", "probability": 0.99951171875 }, { "start": 1489.39, "end": 1489.85, "word": " cost", "probability": 0.76806640625 }, { "start": 1489.85, "end": 1490.19, "word": " things", "probability": 0.99853515625 }, { "start": 1490.19, "end": 1490.65, "word": " are", "probability": 0.94287109375 } ] }, { "start": 1490.65, "end": 1495.29, "text": "that's not where like that's not how you optimize things anymore that's not where i think most of", "avg_logprob": -0.05698107839177508, "no_speech_prob": 0.0, "words": [ { "start": 1490.65, "end": 1490.97, "word": " that's", "probability": 0.996337890625 }, { "start": 1490.97, "end": 1491.11, "word": " not", "probability": 0.99951171875 }, { "start": 1491.11, "end": 1491.31, "word": " where", "probability": 0.9814453125 }, { "start": 1491.31, "end": 1491.57, "word": " like", "probability": 0.99853515625 }, { "start": 1491.57, "end": 1492.03, "word": " that's", "probability": 0.91015625 }, { "start": 1492.03, "end": 1492.15, "word": " not", "probability": 0.9990234375 }, { "start": 1492.15, "end": 1492.39, "word": " how", "probability": 1.0 }, { "start": 1492.39, "end": 1492.91, "word": " you", "probability": 0.99951171875 }, { "start": 1492.91, "end": 1493.23, "word": " optimize", "probability": 0.99853515625 }, { "start": 1493.23, "end": 1493.55, "word": " things", "probability": 0.99951171875 }, { "start": 1493.55, "end": 1493.93, "word": " anymore", "probability": 0.99951171875 }, { "start": 1493.93, "end": 1494.45, "word": " that's", "probability": 0.858154296875 }, { "start": 1494.45, "end": 1494.55, "word": " not", "probability": 0.9970703125 }, { "start": 1494.55, "end": 1494.69, "word": " where", "probability": 1.0 }, { "start": 1494.69, "end": 1494.79, "word": " i", "probability": 0.947265625 }, { "start": 1494.79, "end": 1494.91, "word": " think", "probability": 1.0 }, { "start": 1494.91, "end": 1495.17, "word": " most", "probability": 0.99951171875 }, { "start": 1495.17, "end": 1495.29, "word": " of", "probability": 0.8642578125 } ] }, { "start": 1495.29, "end": 1500.43, "text": "the value add is uh instead it's more like profitable growth obviously there's i mean in", "avg_logprob": -0.05698107839177508, "no_speech_prob": 0.0, "words": [ { "start": 1495.29, "end": 1495.35, "word": " the", "probability": 1.0 }, { "start": 1495.35, "end": 1495.65, "word": " value", "probability": 1.0 }, { "start": 1495.65, "end": 1495.89, "word": " add", "probability": 0.92724609375 }, { "start": 1495.89, "end": 1496.15, "word": " is", "probability": 0.99951171875 }, { "start": 1496.15, "end": 1496.69, "word": " uh", "probability": 0.94091796875 }, { "start": 1496.69, "end": 1497.17, "word": " instead", "probability": 0.99609375 }, { "start": 1497.17, "end": 1497.39, "word": " it's", "probability": 0.9931640625 }, { "start": 1497.39, "end": 1497.51, "word": " more", "probability": 1.0 }, { "start": 1497.51, "end": 1497.69, "word": " like", "probability": 1.0 }, { "start": 1497.69, "end": 1498.19, "word": " profitable", "probability": 0.99951171875 }, { "start": 1498.19, "end": 1498.63, "word": " growth", "probability": 1.0 }, { "start": 1498.63, "end": 1499.41, "word": " obviously", "probability": 0.9990234375 }, { "start": 1499.41, "end": 1499.77, "word": " there's", "probability": 0.999755859375 }, { "start": 1499.77, "end": 1499.93, "word": " i", "probability": 0.9990234375 }, { "start": 1499.93, "end": 1500.05, "word": " mean", "probability": 1.0 }, { "start": 1500.05, "end": 1500.43, "word": " in", "probability": 0.99853515625 } ] }, { "start": 1500.43, "end": 1505.27, "text": "venture for example you know we're investing in usually non-profitable growth that's that's the", "avg_logprob": -0.05698107839177508, "no_speech_prob": 0.0, "words": [ { "start": 1500.43, "end": 1500.77, "word": " venture", "probability": 0.998046875 }, { "start": 1500.77, "end": 1500.97, "word": " for", "probability": 1.0 }, { "start": 1500.97, "end": 1501.39, "word": " example", "probability": 1.0 }, { "start": 1501.39, "end": 1502.39, "word": " you", "probability": 0.99951171875 }, { "start": 1502.39, "end": 1502.47, "word": " know", "probability": 1.0 }, { "start": 1502.47, "end": 1502.83, "word": " we're", "probability": 1.0 }, { "start": 1502.83, "end": 1503.15, "word": " investing", "probability": 1.0 }, { "start": 1503.15, "end": 1503.33, "word": " in", "probability": 0.99951171875 }, { "start": 1503.33, "end": 1503.67, "word": " usually", "probability": 1.0 }, { "start": 1503.67, "end": 1503.89, "word": " non", "probability": 0.9970703125 }, { "start": 1503.89, "end": 1504.43, "word": "-profitable", "probability": 0.998046875 }, { "start": 1504.43, "end": 1504.71, "word": " growth", "probability": 0.99951171875 }, { "start": 1504.71, "end": 1504.99, "word": " that's", "probability": 0.82177734375 }, { "start": 1504.99, "end": 1505.21, "word": " that's", "probability": 0.93701171875 }, { "start": 1505.21, "end": 1505.27, "word": " the", "probability": 1.0 } ] }, { "start": 1505.27, "end": 1510.45, "text": "whole point of a venture fund you're getting scale before you profit but in public markets", "avg_logprob": -0.05698107839177508, "no_speech_prob": 0.0, "words": [ { "start": 1505.27, "end": 1505.43, "word": " whole", "probability": 1.0 }, { "start": 1505.43, "end": 1505.67, "word": " point", "probability": 1.0 }, { "start": 1505.67, "end": 1505.77, "word": " of", "probability": 1.0 }, { "start": 1505.77, "end": 1505.85, "word": " a", "probability": 0.9970703125 }, { "start": 1505.85, "end": 1506.15, "word": " venture", "probability": 0.9990234375 }, { "start": 1506.15, "end": 1506.71, "word": " fund", "probability": 0.9931640625 }, { "start": 1506.71, "end": 1507.15, "word": " you're", "probability": 0.99755859375 }, { "start": 1507.15, "end": 1507.51, "word": " getting", "probability": 0.76513671875 }, { "start": 1507.51, "end": 1507.97, "word": " scale", "probability": 0.97998046875 }, { "start": 1507.97, "end": 1508.27, "word": " before", "probability": 1.0 }, { "start": 1508.27, "end": 1508.43, "word": " you", "probability": 0.9921875 }, { "start": 1508.43, "end": 1508.81, "word": " profit", "probability": 0.99755859375 }, { "start": 1508.81, "end": 1509.39, "word": " but", "probability": 0.99951171875 }, { "start": 1509.39, "end": 1509.59, "word": " in", "probability": 1.0 }, { "start": 1509.59, "end": 1509.93, "word": " public", "probability": 1.0 }, { "start": 1509.93, "end": 1510.45, "word": " markets", "probability": 0.9990234375 } ] }, { "start": 1510.45, "end": 1515.49, "text": "uh i generally want to see profitable companies you know if i want to get unprofitable that's", "avg_logprob": -0.06736366604180898, "no_speech_prob": 0.0, "words": [ { "start": 1510.45, "end": 1511.21, "word": " uh", "probability": 0.10272216796875 }, { "start": 1511.21, "end": 1511.67, "word": " i", "probability": 0.36474609375 }, { "start": 1511.67, "end": 1511.99, "word": " generally", "probability": 0.8427734375 }, { "start": 1511.99, "end": 1512.17, "word": " want", "probability": 0.9990234375 }, { "start": 1512.17, "end": 1512.25, "word": " to", "probability": 1.0 }, { "start": 1512.25, "end": 1512.37, "word": " see", "probability": 1.0 }, { "start": 1512.37, "end": 1512.87, "word": " profitable", "probability": 1.0 }, { "start": 1512.87, "end": 1513.37, "word": " companies", "probability": 1.0 }, { "start": 1513.37, "end": 1513.65, "word": " you", "probability": 0.99951171875 }, { "start": 1513.65, "end": 1513.69, "word": " know", "probability": 1.0 }, { "start": 1513.69, "end": 1513.81, "word": " if", "probability": 1.0 }, { "start": 1513.81, "end": 1513.89, "word": " i", "probability": 1.0 }, { "start": 1513.89, "end": 1514.05, "word": " want", "probability": 1.0 }, { "start": 1514.05, "end": 1514.15, "word": " to", "probability": 1.0 }, { "start": 1514.15, "end": 1514.35, "word": " get", "probability": 1.0 }, { "start": 1514.35, "end": 1515.01, "word": " unprofitable", "probability": 0.9996744791666666 }, { "start": 1515.01, "end": 1515.49, "word": " that's", "probability": 1.0 } ] }, { "start": 1515.49, "end": 1520.31, "text": "what i do venture for uh i'll go into private markets whereas you know once a company's large", "avg_logprob": -0.06736366604180898, "no_speech_prob": 0.0, "words": [ { "start": 1515.49, "end": 1515.59, "word": " what", "probability": 0.998046875 }, { "start": 1515.59, "end": 1515.65, "word": " i", "probability": 1.0 }, { "start": 1515.65, "end": 1515.77, "word": " do", "probability": 0.98876953125 }, { "start": 1515.77, "end": 1516.03, "word": " venture", "probability": 0.99951171875 }, { "start": 1516.03, "end": 1516.39, "word": " for", "probability": 1.0 }, { "start": 1516.39, "end": 1517.03, "word": " uh", "probability": 0.99072265625 }, { "start": 1517.03, "end": 1517.55, "word": " i'll", "probability": 0.999755859375 }, { "start": 1517.55, "end": 1517.65, "word": " go", "probability": 1.0 }, { "start": 1517.65, "end": 1517.77, "word": " into", "probability": 0.9990234375 }, { "start": 1517.77, "end": 1518.07, "word": " private", "probability": 1.0 }, { "start": 1518.07, "end": 1518.49, "word": " markets", "probability": 1.0 }, { "start": 1518.49, "end": 1518.77, "word": " whereas", "probability": 0.9990234375 }, { "start": 1518.77, "end": 1519.37, "word": " you", "probability": 0.99072265625 }, { "start": 1519.37, "end": 1519.43, "word": " know", "probability": 1.0 }, { "start": 1519.43, "end": 1519.67, "word": " once", "probability": 1.0 }, { "start": 1519.67, "end": 1519.77, "word": " a", "probability": 0.984375 }, { "start": 1519.77, "end": 1520.09, "word": " company's", "probability": 0.958740234375 }, { "start": 1520.09, "end": 1520.31, "word": " large", "probability": 0.9716796875 } ] }, { "start": 1520.31, "end": 1525.49, "text": "up to be public um i generally think that that at least most of them should be optimizing toward", "avg_logprob": -0.06736366604180898, "no_speech_prob": 0.0, "words": [ { "start": 1520.31, "end": 1520.45, "word": " up", "probability": 0.32275390625 }, { "start": 1520.45, "end": 1520.53, "word": " to", "probability": 0.99951171875 }, { "start": 1520.53, "end": 1520.65, "word": " be", "probability": 0.998046875 }, { "start": 1520.65, "end": 1521.03, "word": " public", "probability": 0.9990234375 }, { "start": 1521.03, "end": 1521.71, "word": " um", "probability": 0.96044921875 }, { "start": 1521.71, "end": 1522.03, "word": " i", "probability": 1.0 }, { "start": 1522.03, "end": 1522.25, "word": " generally", "probability": 0.9970703125 }, { "start": 1522.25, "end": 1522.55, "word": " think", "probability": 1.0 }, { "start": 1522.55, "end": 1522.79, "word": " that", "probability": 1.0 }, { "start": 1522.79, "end": 1522.95, "word": " that", "probability": 0.640625 }, { "start": 1522.95, "end": 1523.09, "word": " at", "probability": 0.99951171875 }, { "start": 1523.09, "end": 1523.21, "word": " least", "probability": 0.99267578125 }, { "start": 1523.21, "end": 1523.51, "word": " most", "probability": 1.0 }, { "start": 1523.51, "end": 1523.67, "word": " of", "probability": 1.0 }, { "start": 1523.67, "end": 1523.91, "word": " them", "probability": 0.99951171875 }, { "start": 1523.91, "end": 1524.45, "word": " should", "probability": 1.0 }, { "start": 1524.45, "end": 1524.61, "word": " be", "probability": 1.0 }, { "start": 1524.61, "end": 1525.09, "word": " optimizing", "probability": 0.99951171875 }, { "start": 1525.09, "end": 1525.49, "word": " toward", "probability": 1.0 } ] }, { "start": 1525.49, "end": 1532.09, "text": "being being profitable enterprises yeah balance sheets matter again uh i i just want to kind of", "avg_logprob": -0.06736366604180898, "no_speech_prob": 0.0, "words": [ { "start": 1525.49, "end": 1525.95, "word": " being", "probability": 1.0 }, { "start": 1525.95, "end": 1526.25, "word": " being", "probability": 0.97119140625 }, { "start": 1526.25, "end": 1526.69, "word": " profitable", "probability": 0.99951171875 }, { "start": 1526.69, "end": 1527.21, "word": " enterprises", "probability": 0.998046875 }, { "start": 1527.21, "end": 1527.93, "word": " yeah", "probability": 0.9970703125 }, { "start": 1527.93, "end": 1528.69, "word": " balance", "probability": 0.998046875 }, { "start": 1528.69, "end": 1528.91, "word": " sheets", "probability": 0.99267578125 }, { "start": 1528.91, "end": 1529.19, "word": " matter", "probability": 1.0 }, { "start": 1529.19, "end": 1529.53, "word": " again", "probability": 0.99951171875 }, { "start": 1529.53, "end": 1530.11, "word": " uh", "probability": 0.9345703125 }, { "start": 1530.11, "end": 1530.87, "word": " i", "probability": 0.99951171875 }, { "start": 1530.87, "end": 1531.01, "word": " i", "probability": 0.429931640625 }, { "start": 1531.01, "end": 1531.17, "word": " just", "probability": 1.0 }, { "start": 1531.17, "end": 1531.27, "word": " want", "probability": 0.998046875 }, { "start": 1531.27, "end": 1531.33, "word": " to", "probability": 0.99951171875 }, { "start": 1531.33, "end": 1532.01, "word": " kind", "probability": 0.99853515625 }, { "start": 1532.01, "end": 1532.09, "word": " of", "probability": 0.99951171875 } ] }, { "start": 1532.09, "end": 1536.01, "text": "finish up and and reference back to that conversation the conversations you've had", "avg_logprob": -0.06736366604180898, "no_speech_prob": 0.0, "words": [ { "start": 1532.09, "end": 1532.33, "word": " finish", "probability": 1.0 }, { "start": 1532.33, "end": 1532.49, "word": " up", "probability": 0.99951171875 }, { "start": 1532.49, "end": 1532.71, "word": " and", "probability": 0.93212890625 }, { "start": 1532.71, "end": 1533.09, "word": " and", "probability": 0.9873046875 }, { "start": 1533.09, "end": 1533.97, "word": " reference", "probability": 0.99951171875 }, { "start": 1533.97, "end": 1534.17, "word": " back", "probability": 1.0 }, { "start": 1534.17, "end": 1534.29, "word": " to", "probability": 0.99951171875 }, { "start": 1534.29, "end": 1534.39, "word": " that", "probability": 0.998046875 }, { "start": 1534.39, "end": 1534.93, "word": " conversation", "probability": 0.99853515625 }, { "start": 1534.93, "end": 1535.17, "word": " the", "probability": 0.998046875 }, { "start": 1535.17, "end": 1535.65, "word": " conversations", "probability": 0.99169921875 }, { "start": 1535.65, "end": 1535.93, "word": " you've", "probability": 0.999267578125 }, { "start": 1535.93, "end": 1536.01, "word": " had", "probability": 0.99853515625 } ] }, { "start": 1536.01, "end": 1541.97, "text": "with Jock Dorsey about open source. And, you know, in this kind of when we're looking at profit", "avg_logprob": -0.0816362372944864, "no_speech_prob": 0.0, "words": [ { "start": 1536.01, "end": 1536.15, "word": " with", "probability": 0.462890625 }, { "start": 1536.15, "end": 1536.33, "word": " Jock", "probability": 0.72314453125 }, { "start": 1536.33, "end": 1536.77, "word": " Dorsey", "probability": 0.997314453125 }, { "start": 1536.77, "end": 1537.25, "word": " about", "probability": 0.7822265625 }, { "start": 1537.25, "end": 1537.77, "word": " open", "probability": 0.99853515625 }, { "start": 1537.77, "end": 1538.15, "word": " source.", "probability": 0.990234375 }, { "start": 1538.47, "end": 1538.55, "word": " And,", "probability": 0.8544921875 }, { "start": 1538.57, "end": 1539.23, "word": " you", "probability": 0.998046875 }, { "start": 1539.23, "end": 1539.35, "word": " know,", "probability": 1.0 }, { "start": 1539.55, "end": 1540.39, "word": " in", "probability": 0.96044921875 }, { "start": 1540.39, "end": 1540.61, "word": " this", "probability": 1.0 }, { "start": 1540.61, "end": 1540.79, "word": " kind", "probability": 0.9990234375 }, { "start": 1540.79, "end": 1540.89, "word": " of", "probability": 1.0 }, { "start": 1540.89, "end": 1541.01, "word": " when", "probability": 0.465087890625 }, { "start": 1541.01, "end": 1541.13, "word": " we're", "probability": 1.0 }, { "start": 1541.13, "end": 1541.35, "word": " looking", "probability": 0.99951171875 }, { "start": 1541.35, "end": 1541.53, "word": " at", "probability": 1.0 }, { "start": 1541.53, "end": 1541.97, "word": " profit", "probability": 0.9990234375 } ] }, { "start": 1541.97, "end": 1551.57, "text": "models and revenue, is there tension between equity investors who want to benefit from", "avg_logprob": -0.0816362372944864, "no_speech_prob": 0.0, "words": [ { "start": 1541.97, "end": 1542.53, "word": " models", "probability": 0.99951171875 }, { "start": 1542.53, "end": 1543.29, "word": " and", "probability": 0.99169921875 }, { "start": 1543.29, "end": 1544.81, "word": " revenue,", "probability": 0.99853515625 }, { "start": 1545.27, "end": 1545.75, "word": " is", "probability": 1.0 }, { "start": 1545.75, "end": 1546.01, "word": " there", "probability": 1.0 }, { "start": 1546.01, "end": 1546.63, "word": " tension", "probability": 0.99658203125 }, { "start": 1546.63, "end": 1547.75, "word": " between", "probability": 0.99951171875 }, { "start": 1547.75, "end": 1549.01, "word": " equity", "probability": 1.0 }, { "start": 1549.01, "end": 1549.65, "word": " investors", "probability": 0.9873046875 }, { "start": 1549.65, "end": 1550.25, "word": " who", "probability": 0.99853515625 }, { "start": 1550.25, "end": 1550.47, "word": " want", "probability": 0.98828125 }, { "start": 1550.47, "end": 1550.55, "word": " to", "probability": 0.99951171875 }, { "start": 1550.55, "end": 1550.99, "word": " benefit", "probability": 0.99951171875 }, { "start": 1550.99, "end": 1551.57, "word": " from", "probability": 1.0 } ] }, { "start": 1551.57, "end": 1557.99, "text": "profits and walls and moats and then sort of citizens who maybe benefit from networks that", "avg_logprob": -0.0816362372944864, "no_speech_prob": 0.0, "words": [ { "start": 1551.57, "end": 1552.31, "word": " profits", "probability": 0.99951171875 }, { "start": 1552.31, "end": 1552.67, "word": " and", "probability": 0.994140625 }, { "start": 1552.67, "end": 1553.17, "word": " walls", "probability": 0.99853515625 }, { "start": 1553.17, "end": 1553.57, "word": " and", "probability": 1.0 }, { "start": 1553.57, "end": 1554.01, "word": " moats", "probability": 0.995361328125 }, { "start": 1554.01, "end": 1554.37, "word": " and", "probability": 0.75341796875 }, { "start": 1554.37, "end": 1554.69, "word": " then", "probability": 0.99951171875 }, { "start": 1554.69, "end": 1555.27, "word": " sort", "probability": 0.99853515625 }, { "start": 1555.27, "end": 1555.37, "word": " of", "probability": 0.99951171875 }, { "start": 1555.37, "end": 1555.87, "word": " citizens", "probability": 1.0 }, { "start": 1555.87, "end": 1556.33, "word": " who", "probability": 1.0 }, { "start": 1556.33, "end": 1556.57, "word": " maybe", "probability": 0.912109375 }, { "start": 1556.57, "end": 1557.09, "word": " benefit", "probability": 1.0 }, { "start": 1557.09, "end": 1557.43, "word": " from", "probability": 1.0 }, { "start": 1557.43, "end": 1557.79, "word": " networks", "probability": 0.99951171875 }, { "start": 1557.79, "end": 1557.99, "word": " that", "probability": 1.0 } ] }, { "start": 1557.99, "end": 1563.63, "text": "are open? And it seems to be playing out very much in the AI space where, you know, open AI", "avg_logprob": -0.0816362372944864, "no_speech_prob": 0.0, "words": [ { "start": 1557.99, "end": 1558.09, "word": " are", "probability": 1.0 }, { "start": 1558.09, "end": 1558.37, "word": " open?", "probability": 1.0 }, { "start": 1558.53, "end": 1558.57, "word": " And", "probability": 0.9990234375 }, { "start": 1558.57, "end": 1558.71, "word": " it", "probability": 0.9853515625 }, { "start": 1558.71, "end": 1558.99, "word": " seems", "probability": 1.0 }, { "start": 1558.99, "end": 1559.13, "word": " to", "probability": 1.0 }, { "start": 1559.13, "end": 1559.25, "word": " be", "probability": 1.0 }, { "start": 1559.25, "end": 1559.57, "word": " playing", "probability": 0.99951171875 }, { "start": 1559.57, "end": 1559.75, "word": " out", "probability": 1.0 }, { "start": 1559.75, "end": 1560.01, "word": " very", "probability": 1.0 }, { "start": 1560.01, "end": 1560.19, "word": " much", "probability": 1.0 }, { "start": 1560.19, "end": 1560.33, "word": " in", "probability": 1.0 }, { "start": 1560.33, "end": 1560.45, "word": " the", "probability": 0.99951171875 }, { "start": 1560.45, "end": 1560.81, "word": " AI", "probability": 0.982421875 }, { "start": 1560.81, "end": 1561.69, "word": " space", "probability": 1.0 }, { "start": 1561.69, "end": 1562.27, "word": " where,", "probability": 0.97900390625 }, { "start": 1562.27, "end": 1562.89, "word": " you", "probability": 1.0 }, { "start": 1562.89, "end": 1562.97, "word": " know,", "probability": 1.0 }, { "start": 1563.09, "end": 1563.29, "word": " open", "probability": 0.7509765625 }, { "start": 1563.29, "end": 1563.63, "word": " AI", "probability": 0.998046875 } ] }, { "start": 1563.63, "end": 1569.69, "text": "philanthropic want their models closed and their investors likely want them to be able to monetize", "avg_logprob": -0.043385920666375206, "no_speech_prob": 0.0, "words": [ { "start": 1563.63, "end": 1564.33, "word": " philanthropic", "probability": 0.588134765625 }, { "start": 1564.33, "end": 1564.53, "word": " want", "probability": 0.7783203125 }, { "start": 1564.53, "end": 1564.71, "word": " their", "probability": 0.998046875 }, { "start": 1564.71, "end": 1565.11, "word": " models", "probability": 1.0 }, { "start": 1565.11, "end": 1565.55, "word": " closed", "probability": 0.99755859375 }, { "start": 1565.55, "end": 1566.07, "word": " and", "probability": 0.82763671875 }, { "start": 1566.07, "end": 1566.69, "word": " their", "probability": 0.99951171875 }, { "start": 1566.69, "end": 1567.35, "word": " investors", "probability": 1.0 }, { "start": 1567.35, "end": 1567.81, "word": " likely", "probability": 0.99951171875 }, { "start": 1567.81, "end": 1568.23, "word": " want", "probability": 1.0 }, { "start": 1568.23, "end": 1568.61, "word": " them", "probability": 1.0 }, { "start": 1568.61, "end": 1568.77, "word": " to", "probability": 1.0 }, { "start": 1568.77, "end": 1568.85, "word": " be", "probability": 0.99951171875 }, { "start": 1568.85, "end": 1568.95, "word": " able", "probability": 0.99951171875 }, { "start": 1568.95, "end": 1569.07, "word": " to", "probability": 1.0 }, { "start": 1569.07, "end": 1569.69, "word": " monetize", "probability": 1.0 } ] }, { "start": 1569.69, "end": 1574.03, "text": "that and then the all the other conversations we're having about open source and should this", "avg_logprob": -0.043385920666375206, "no_speech_prob": 0.0, "words": [ { "start": 1569.69, "end": 1569.99, "word": " that", "probability": 0.99951171875 }, { "start": 1569.99, "end": 1570.61, "word": " and", "probability": 0.30908203125 }, { "start": 1570.61, "end": 1570.77, "word": " then", "probability": 0.99951171875 }, { "start": 1570.77, "end": 1570.97, "word": " the", "probability": 0.89453125 }, { "start": 1570.97, "end": 1571.23, "word": " all", "probability": 0.99853515625 }, { "start": 1571.23, "end": 1571.35, "word": " the", "probability": 1.0 }, { "start": 1571.35, "end": 1571.49, "word": " other", "probability": 0.99951171875 }, { "start": 1571.49, "end": 1572.01, "word": " conversations", "probability": 1.0 }, { "start": 1572.01, "end": 1572.31, "word": " we're", "probability": 0.9892578125 }, { "start": 1572.31, "end": 1572.51, "word": " having", "probability": 1.0 }, { "start": 1572.51, "end": 1572.77, "word": " about", "probability": 1.0 }, { "start": 1572.77, "end": 1573.09, "word": " open", "probability": 1.0 }, { "start": 1573.09, "end": 1573.43, "word": " source", "probability": 0.99853515625 }, { "start": 1573.43, "end": 1573.67, "word": " and", "probability": 1.0 }, { "start": 1573.67, "end": 1573.85, "word": " should", "probability": 1.0 }, { "start": 1573.85, "end": 1574.03, "word": " this", "probability": 1.0 } ] }, { "start": 1574.03, "end": 1578.79, "text": "be used differently well there's a couple phases there there's this one is from your own company", "avg_logprob": -0.043385920666375206, "no_speech_prob": 0.0, "words": [ { "start": 1574.03, "end": 1574.19, "word": " be", "probability": 1.0 }, { "start": 1574.19, "end": 1574.41, "word": " used", "probability": 0.99951171875 }, { "start": 1574.41, "end": 1574.81, "word": " differently", "probability": 0.99951171875 }, { "start": 1574.81, "end": 1575.59, "word": " well", "probability": 0.95556640625 }, { "start": 1575.59, "end": 1575.85, "word": " there's", "probability": 1.0 }, { "start": 1575.85, "end": 1575.91, "word": " a", "probability": 1.0 }, { "start": 1575.91, "end": 1576.07, "word": " couple", "probability": 0.99755859375 }, { "start": 1576.07, "end": 1576.39, "word": " phases", "probability": 0.9931640625 }, { "start": 1576.39, "end": 1576.61, "word": " there", "probability": 1.0 }, { "start": 1576.61, "end": 1576.89, "word": " there's", "probability": 0.998291015625 }, { "start": 1576.89, "end": 1577.05, "word": " this", "probability": 0.7392578125 }, { "start": 1577.05, "end": 1577.29, "word": " one", "probability": 1.0 }, { "start": 1577.29, "end": 1577.53, "word": " is", "probability": 1.0 }, { "start": 1577.53, "end": 1578.09, "word": " from", "probability": 1.0 }, { "start": 1578.09, "end": 1578.29, "word": " your", "probability": 1.0 }, { "start": 1578.29, "end": 1578.43, "word": " own", "probability": 0.99951171875 }, { "start": 1578.43, "end": 1578.79, "word": " company", "probability": 1.0 } ] }, { "start": 1578.79, "end": 1583.99, "text": "perspective should your model be open or closed and then there's the the somewhat more nefarious", "avg_logprob": -0.043385920666375206, "no_speech_prob": 0.0, "words": [ { "start": 1578.79, "end": 1579.35, "word": " perspective", "probability": 1.0 }, { "start": 1579.35, "end": 1580.23, "word": " should", "probability": 1.0 }, { "start": 1580.23, "end": 1580.37, "word": " your", "probability": 1.0 }, { "start": 1580.37, "end": 1580.61, "word": " model", "probability": 0.99951171875 }, { "start": 1580.61, "end": 1580.77, "word": " be", "probability": 1.0 }, { "start": 1580.77, "end": 1581.07, "word": " open", "probability": 0.99853515625 }, { "start": 1581.07, "end": 1581.17, "word": " or", "probability": 1.0 }, { "start": 1581.17, "end": 1581.69, "word": " closed", "probability": 1.0 }, { "start": 1581.69, "end": 1582.19, "word": " and", "probability": 1.0 }, { "start": 1582.19, "end": 1582.31, "word": " then", "probability": 1.0 }, { "start": 1582.31, "end": 1582.57, "word": " there's", "probability": 1.0 }, { "start": 1582.57, "end": 1582.77, "word": " the", "probability": 1.0 }, { "start": 1582.77, "end": 1582.93, "word": " the", "probability": 0.9951171875 }, { "start": 1582.93, "end": 1583.25, "word": " somewhat", "probability": 1.0 }, { "start": 1583.25, "end": 1583.49, "word": " more", "probability": 1.0 }, { "start": 1583.49, "end": 1583.99, "word": " nefarious", "probability": 0.9990234375 } ] }, { "start": 1583.99, "end": 1590.79, "text": "one which is should you try to get government to ban your open competitors to to preserve your", "avg_logprob": -0.043385920666375206, "no_speech_prob": 0.0, "words": [ { "start": 1583.99, "end": 1584.27, "word": " one", "probability": 0.99951171875 }, { "start": 1584.27, "end": 1584.51, "word": " which", "probability": 1.0 }, { "start": 1584.51, "end": 1584.83, "word": " is", "probability": 1.0 }, { "start": 1584.83, "end": 1585.47, "word": " should", "probability": 1.0 }, { "start": 1585.47, "end": 1585.63, "word": " you", "probability": 1.0 }, { "start": 1585.63, "end": 1585.97, "word": " try", "probability": 1.0 }, { "start": 1585.97, "end": 1586.17, "word": " to", "probability": 1.0 }, { "start": 1586.17, "end": 1587.13, "word": " get", "probability": 1.0 }, { "start": 1587.13, "end": 1587.47, "word": " government", "probability": 0.99951171875 }, { "start": 1587.47, "end": 1587.71, "word": " to", "probability": 1.0 }, { "start": 1587.71, "end": 1588.01, "word": " ban", "probability": 0.99951171875 }, { "start": 1588.01, "end": 1588.31, "word": " your", "probability": 1.0 }, { "start": 1588.31, "end": 1588.71, "word": " open", "probability": 1.0 }, { "start": 1588.71, "end": 1589.25, "word": " competitors", "probability": 1.0 }, { "start": 1589.25, "end": 1589.83, "word": " to", "probability": 1.0 }, { "start": 1589.83, "end": 1590.07, "word": " to", "probability": 0.7421875 }, { "start": 1590.07, "end": 1590.53, "word": " preserve", "probability": 0.99951171875 }, { "start": 1590.53, "end": 1590.79, "word": " your", "probability": 1.0 } ] }, { "start": 1590.79, "end": 1594.37, "text": "closed decision right that that's where some of these companies i think i've gotten to and that", "avg_logprob": -0.050251587372967754, "no_speech_prob": 0.0, "words": [ { "start": 1590.79, "end": 1591.23, "word": " closed", "probability": 0.900390625 }, { "start": 1591.23, "end": 1591.67, "word": " decision", "probability": 0.998046875 }, { "start": 1591.67, "end": 1592.19, "word": " right", "probability": 0.1051025390625 }, { "start": 1592.19, "end": 1592.39, "word": " that", "probability": 0.97265625 }, { "start": 1592.39, "end": 1592.63, "word": " that's", "probability": 0.970458984375 }, { "start": 1592.63, "end": 1592.73, "word": " where", "probability": 0.98583984375 }, { "start": 1592.73, "end": 1592.87, "word": " some", "probability": 0.99951171875 }, { "start": 1592.87, "end": 1592.95, "word": " of", "probability": 0.99951171875 }, { "start": 1592.95, "end": 1593.03, "word": " these", "probability": 1.0 }, { "start": 1593.03, "end": 1593.29, "word": " companies", "probability": 1.0 }, { "start": 1593.29, "end": 1593.45, "word": " i", "probability": 0.73681640625 }, { "start": 1593.45, "end": 1593.59, "word": " think", "probability": 1.0 }, { "start": 1593.59, "end": 1593.71, "word": " i've", "probability": 0.8828125 }, { "start": 1593.71, "end": 1593.93, "word": " gotten", "probability": 1.0 }, { "start": 1593.93, "end": 1594.13, "word": " to", "probability": 0.99951171875 }, { "start": 1594.13, "end": 1594.25, "word": " and", "probability": 0.99560546875 }, { "start": 1594.25, "end": 1594.37, "word": " that", "probability": 1.0 } ] }, { "start": 1594.37, "end": 1597.69, "text": "that's the that's the you know companies can do with themselves what they want to do with their", "avg_logprob": -0.050251587372967754, "no_speech_prob": 0.0, "words": [ { "start": 1594.37, "end": 1594.61, "word": " that's", "probability": 0.993408203125 }, { "start": 1594.61, "end": 1594.75, "word": " the", "probability": 0.99853515625 }, { "start": 1594.75, "end": 1595.15, "word": " that's", "probability": 0.998779296875 }, { "start": 1595.15, "end": 1595.27, "word": " the", "probability": 0.99658203125 }, { "start": 1595.27, "end": 1595.61, "word": " you", "probability": 0.99853515625 }, { "start": 1595.61, "end": 1595.63, "word": " know", "probability": 0.99951171875 }, { "start": 1595.63, "end": 1595.97, "word": " companies", "probability": 0.99951171875 }, { "start": 1595.97, "end": 1596.11, "word": " can", "probability": 1.0 }, { "start": 1596.11, "end": 1596.21, "word": " do", "probability": 0.99951171875 }, { "start": 1596.21, "end": 1596.33, "word": " with", "probability": 0.6748046875 }, { "start": 1596.33, "end": 1596.61, "word": " themselves", "probability": 0.99658203125 }, { "start": 1596.61, "end": 1596.89, "word": " what", "probability": 1.0 }, { "start": 1596.89, "end": 1596.99, "word": " they", "probability": 1.0 }, { "start": 1596.99, "end": 1597.15, "word": " want", "probability": 1.0 }, { "start": 1597.15, "end": 1597.27, "word": " to", "probability": 1.0 }, { "start": 1597.27, "end": 1597.41, "word": " do", "probability": 0.99951171875 }, { "start": 1597.41, "end": 1597.57, "word": " with", "probability": 0.9990234375 }, { "start": 1597.57, "end": 1597.69, "word": " their", "probability": 1.0 } ] }, { "start": 1597.69, "end": 1602.87, "text": "own code or their their own you know systems the question is to what extent they want to lock that", "avg_logprob": -0.050251587372967754, "no_speech_prob": 0.0, "words": [ { "start": 1597.69, "end": 1597.85, "word": " own", "probability": 1.0 }, { "start": 1597.85, "end": 1598.23, "word": " code", "probability": 0.99951171875 }, { "start": 1598.23, "end": 1598.39, "word": " or", "probability": 0.99853515625 }, { "start": 1598.39, "end": 1598.59, "word": " their", "probability": 1.0 }, { "start": 1598.59, "end": 1598.81, "word": " their", "probability": 0.61474609375 }, { "start": 1598.81, "end": 1599.11, "word": " own", "probability": 1.0 }, { "start": 1599.11, "end": 1599.37, "word": " you", "probability": 0.99853515625 }, { "start": 1599.37, "end": 1599.43, "word": " know", "probability": 1.0 }, { "start": 1599.43, "end": 1599.85, "word": " systems", "probability": 0.99951171875 }, { "start": 1599.85, "end": 1600.55, "word": " the", "probability": 0.99951171875 }, { "start": 1600.55, "end": 1600.83, "word": " question", "probability": 0.9990234375 }, { "start": 1600.83, "end": 1601.07, "word": " is", "probability": 1.0 }, { "start": 1601.07, "end": 1601.73, "word": " to", "probability": 1.0 }, { "start": 1601.73, "end": 1601.85, "word": " what", "probability": 0.9990234375 }, { "start": 1601.85, "end": 1602.01, "word": " extent", "probability": 0.9609375 }, { "start": 1602.01, "end": 1602.19, "word": " they", "probability": 0.9990234375 }, { "start": 1602.19, "end": 1602.35, "word": " want", "probability": 1.0 }, { "start": 1602.35, "end": 1602.45, "word": " to", "probability": 0.9990234375 }, { "start": 1602.45, "end": 1602.69, "word": " lock", "probability": 0.99853515625 }, { "start": 1602.69, "end": 1602.87, "word": " that", "probability": 0.99951171875 } ] }, { "start": 1602.87, "end": 1610.19, "text": "in with a regulatory moat um uh and uh and but i think the long-term arc here is it's a losing game", "avg_logprob": -0.050251587372967754, "no_speech_prob": 0.0, "words": [ { "start": 1602.87, "end": 1603.01, "word": " in", "probability": 0.9853515625 }, { "start": 1603.01, "end": 1603.37, "word": " with", "probability": 1.0 }, { "start": 1603.37, "end": 1603.49, "word": " a", "probability": 0.9990234375 }, { "start": 1603.49, "end": 1603.89, "word": " regulatory", "probability": 0.9892578125 }, { "start": 1603.89, "end": 1604.29, "word": " moat", "probability": 0.774169921875 }, { "start": 1604.29, "end": 1605.19, "word": " um", "probability": 0.97265625 }, { "start": 1605.19, "end": 1605.91, "word": " uh", "probability": 0.98974609375 }, { "start": 1605.91, "end": 1606.41, "word": " and", "probability": 1.0 }, { "start": 1606.41, "end": 1607.21, "word": " uh", "probability": 0.9892578125 }, { "start": 1607.21, "end": 1607.47, "word": " and", "probability": 0.99072265625 }, { "start": 1607.47, "end": 1607.75, "word": " but", "probability": 0.6953125 }, { "start": 1607.75, "end": 1607.87, "word": " i", "probability": 1.0 }, { "start": 1607.87, "end": 1607.99, "word": " think", "probability": 0.99560546875 }, { "start": 1607.99, "end": 1608.17, "word": " the", "probability": 0.99951171875 }, { "start": 1608.17, "end": 1608.47, "word": " long", "probability": 0.99951171875 }, { "start": 1608.47, "end": 1608.69, "word": "-term", "probability": 0.9326171875 }, { "start": 1608.69, "end": 1608.97, "word": " arc", "probability": 0.99853515625 }, { "start": 1608.97, "end": 1609.25, "word": " here", "probability": 0.99951171875 }, { "start": 1609.25, "end": 1609.39, "word": " is", "probability": 0.99951171875 }, { "start": 1609.39, "end": 1609.51, "word": " it's", "probability": 0.9970703125 }, { "start": 1609.51, "end": 1609.59, "word": " a", "probability": 0.99609375 }, { "start": 1609.59, "end": 1609.81, "word": " losing", "probability": 0.99560546875 }, { "start": 1609.81, "end": 1610.19, "word": " game", "probability": 0.99951171875 } ] }, { "start": 1610.19, "end": 1617.45, "text": "uh i think just open weight models exist um and and trying to to put out those fires is just kind", "avg_logprob": -0.050251587372967754, "no_speech_prob": 0.0, "words": [ { "start": 1610.19, "end": 1610.61, "word": " uh", "probability": 0.99560546875 }, { "start": 1610.61, "end": 1611.03, "word": " i", "probability": 1.0 }, { "start": 1611.03, "end": 1611.29, "word": " think", "probability": 0.986328125 }, { "start": 1611.29, "end": 1611.47, "word": " just", "probability": 0.99755859375 }, { "start": 1611.47, "end": 1611.69, "word": " open", "probability": 0.99609375 }, { "start": 1611.69, "end": 1611.87, "word": " weight", "probability": 0.84130859375 }, { "start": 1611.87, "end": 1612.17, "word": " models", "probability": 1.0 }, { "start": 1612.17, "end": 1612.65, "word": " exist", "probability": 0.99951171875 }, { "start": 1612.65, "end": 1613.53, "word": " um", "probability": 0.9990234375 }, { "start": 1613.53, "end": 1614.33, "word": " and", "probability": 1.0 }, { "start": 1614.33, "end": 1614.55, "word": " and", "probability": 1.0 }, { "start": 1614.55, "end": 1614.81, "word": " trying", "probability": 0.99951171875 }, { "start": 1614.81, "end": 1615.05, "word": " to", "probability": 1.0 }, { "start": 1615.05, "end": 1615.33, "word": " to", "probability": 0.994140625 }, { "start": 1615.33, "end": 1616.03, "word": " put", "probability": 1.0 }, { "start": 1616.03, "end": 1616.17, "word": " out", "probability": 1.0 }, { "start": 1616.17, "end": 1616.41, "word": " those", "probability": 1.0 }, { "start": 1616.41, "end": 1616.81, "word": " fires", "probability": 0.9990234375 }, { "start": 1616.81, "end": 1617.09, "word": " is", "probability": 0.96533203125 }, { "start": 1617.09, "end": 1617.23, "word": " just", "probability": 1.0 }, { "start": 1617.23, "end": 1617.45, "word": " kind", "probability": 1.0 } ] }, { "start": 1617.45, "end": 1622.61, "text": "of like slowing down the inevitable um and i think open weight models just some degree have to", "avg_logprob": -0.06738280993886292, "no_speech_prob": 0.0, "words": [ { "start": 1617.45, "end": 1617.55, "word": " of", "probability": 0.51953125 }, { "start": 1617.55, "end": 1617.69, "word": " like", "probability": 0.7939453125 }, { "start": 1617.69, "end": 1618.01, "word": " slowing", "probability": 0.98291015625 }, { "start": 1618.01, "end": 1618.25, "word": " down", "probability": 0.99951171875 }, { "start": 1618.25, "end": 1618.39, "word": " the", "probability": 0.99560546875 }, { "start": 1618.39, "end": 1618.73, "word": " inevitable", "probability": 0.99853515625 }, { "start": 1618.73, "end": 1619.63, "word": " um", "probability": 0.242431640625 }, { "start": 1619.63, "end": 1620.45, "word": " and", "probability": 0.99951171875 }, { "start": 1620.45, "end": 1620.55, "word": " i", "probability": 0.845703125 }, { "start": 1620.55, "end": 1620.71, "word": " think", "probability": 1.0 }, { "start": 1620.71, "end": 1621.01, "word": " open", "probability": 1.0 }, { "start": 1621.01, "end": 1621.37, "word": " weight", "probability": 0.9365234375 }, { "start": 1621.37, "end": 1621.73, "word": " models", "probability": 0.9736328125 }, { "start": 1621.73, "end": 1621.93, "word": " just", "probability": 0.99951171875 }, { "start": 1621.93, "end": 1622.15, "word": " some", "probability": 0.41845703125 }, { "start": 1622.15, "end": 1622.27, "word": " degree", "probability": 0.95703125 }, { "start": 1622.27, "end": 1622.49, "word": " have", "probability": 0.99755859375 }, { "start": 1622.49, "end": 1622.61, "word": " to", "probability": 1.0 } ] }, { "start": 1622.61, "end": 1627.01, "text": "be understood as existing now uh it's like whack-a-mole trying to make them not exist", "avg_logprob": -0.06738280993886292, "no_speech_prob": 0.0, "words": [ { "start": 1622.61, "end": 1623.03, "word": " be", "probability": 1.0 }, { "start": 1623.03, "end": 1623.29, "word": " understood", "probability": 0.998046875 }, { "start": 1623.29, "end": 1623.53, "word": " as", "probability": 0.95849609375 }, { "start": 1623.53, "end": 1623.95, "word": " existing", "probability": 0.99951171875 }, { "start": 1623.95, "end": 1624.23, "word": " now", "probability": 1.0 }, { "start": 1624.23, "end": 1624.93, "word": " uh", "probability": 0.58837890625 }, { "start": 1624.93, "end": 1625.11, "word": " it's", "probability": 1.0 }, { "start": 1625.11, "end": 1625.21, "word": " like", "probability": 0.99560546875 }, { "start": 1625.21, "end": 1625.45, "word": " whack", "probability": 0.99658203125 }, { "start": 1625.45, "end": 1625.57, "word": "-a", "probability": 0.99072265625 }, { "start": 1625.57, "end": 1625.75, "word": "-mole", "probability": 0.9912109375 }, { "start": 1625.75, "end": 1625.99, "word": " trying", "probability": 1.0 }, { "start": 1625.99, "end": 1626.13, "word": " to", "probability": 1.0 }, { "start": 1626.13, "end": 1626.25, "word": " make", "probability": 0.99951171875 }, { "start": 1626.25, "end": 1626.37, "word": " them", "probability": 1.0 }, { "start": 1626.37, "end": 1626.57, "word": " not", "probability": 1.0 }, { "start": 1626.57, "end": 1627.01, "word": " exist", "probability": 1.0 } ] }, { "start": 1627.01, "end": 1631.91, "text": "uh and they make it so that more than just a small number of companies you know can control", "avg_logprob": -0.06738280993886292, "no_speech_prob": 0.0, "words": [ { "start": 1627.01, "end": 1627.63, "word": " uh", "probability": 0.9990234375 }, { "start": 1627.63, "end": 1628.15, "word": " and", "probability": 1.0 }, { "start": 1628.15, "end": 1628.25, "word": " they", "probability": 0.99951171875 }, { "start": 1628.25, "end": 1628.45, "word": " make", "probability": 1.0 }, { "start": 1628.45, "end": 1628.53, "word": " it", "probability": 0.99951171875 }, { "start": 1628.53, "end": 1628.67, "word": " so", "probability": 0.99951171875 }, { "start": 1628.67, "end": 1628.85, "word": " that", "probability": 0.9970703125 }, { "start": 1628.85, "end": 1629.15, "word": " more", "probability": 1.0 }, { "start": 1629.15, "end": 1629.29, "word": " than", "probability": 1.0 }, { "start": 1629.29, "end": 1629.45, "word": " just", "probability": 1.0 }, { "start": 1629.45, "end": 1629.63, "word": " a", "probability": 1.0 }, { "start": 1629.63, "end": 1629.87, "word": " small", "probability": 0.9990234375 }, { "start": 1629.87, "end": 1630.05, "word": " number", "probability": 0.99951171875 }, { "start": 1630.05, "end": 1630.23, "word": " of", "probability": 0.99951171875 }, { "start": 1630.23, "end": 1630.53, "word": " companies", "probability": 0.998046875 }, { "start": 1630.53, "end": 1631.29, "word": " you", "probability": 0.99951171875 }, { "start": 1631.29, "end": 1631.37, "word": " know", "probability": 0.99951171875 }, { "start": 1631.37, "end": 1631.57, "word": " can", "probability": 1.0 }, { "start": 1631.57, "end": 1631.91, "word": " control", "probability": 1.0 } ] }, { "start": 1631.91, "end": 1636.87, "text": "the tech that we're all using and people can customize and run locally uh and run more", "avg_logprob": -0.06738280993886292, "no_speech_prob": 0.0, "words": [ { "start": 1631.91, "end": 1632.13, "word": " the", "probability": 1.0 }, { "start": 1632.13, "end": 1632.35, "word": " tech", "probability": 0.99951171875 }, { "start": 1632.35, "end": 1632.69, "word": " that", "probability": 1.0 }, { "start": 1632.69, "end": 1632.95, "word": " we're", "probability": 0.828857421875 }, { "start": 1632.95, "end": 1633.07, "word": " all", "probability": 0.99951171875 }, { "start": 1633.07, "end": 1633.35, "word": " using", "probability": 0.99951171875 }, { "start": 1633.35, "end": 1633.51, "word": " and", "probability": 1.0 }, { "start": 1633.51, "end": 1633.73, "word": " people", "probability": 0.998046875 }, { "start": 1633.73, "end": 1633.93, "word": " can", "probability": 1.0 }, { "start": 1633.93, "end": 1634.29, "word": " customize", "probability": 0.9990234375 }, { "start": 1634.29, "end": 1634.67, "word": " and", "probability": 1.0 }, { "start": 1634.67, "end": 1634.83, "word": " run", "probability": 1.0 }, { "start": 1634.83, "end": 1635.25, "word": " locally", "probability": 0.99951171875 }, { "start": 1635.25, "end": 1636.11, "word": " uh", "probability": 0.96533203125 }, { "start": 1636.11, "end": 1636.39, "word": " and", "probability": 1.0 }, { "start": 1636.39, "end": 1636.69, "word": " run", "probability": 0.994140625 }, { "start": 1636.69, "end": 1636.87, "word": " more", "probability": 1.0 } ] }, { "start": 1636.87, "end": 1642.75, "text": "privately and i think all of that is is valuable what what economic trend worries you the most", "avg_logprob": -0.06738280993886292, "no_speech_prob": 0.0, "words": [ { "start": 1636.87, "end": 1637.27, "word": " privately", "probability": 0.99853515625 }, { "start": 1637.27, "end": 1637.81, "word": " and", "probability": 1.0 }, { "start": 1637.81, "end": 1637.91, "word": " i", "probability": 0.99951171875 }, { "start": 1637.91, "end": 1638.07, "word": " think", "probability": 0.99951171875 }, { "start": 1638.07, "end": 1638.23, "word": " all", "probability": 0.99951171875 }, { "start": 1638.23, "end": 1638.35, "word": " of", "probability": 0.6513671875 }, { "start": 1638.35, "end": 1638.41, "word": " that", "probability": 0.99853515625 }, { "start": 1638.41, "end": 1638.61, "word": " is", "probability": 1.0 }, { "start": 1638.61, "end": 1638.93, "word": " is", "probability": 0.986328125 }, { "start": 1638.93, "end": 1639.27, "word": " valuable", "probability": 1.0 }, { "start": 1639.27, "end": 1639.95, "word": " what", "probability": 0.9931640625 }, { "start": 1639.95, "end": 1640.27, "word": " what", "probability": 0.99560546875 }, { "start": 1640.27, "end": 1641.25, "word": " economic", "probability": 0.99951171875 }, { "start": 1641.25, "end": 1641.63, "word": " trend", "probability": 0.99951171875 }, { "start": 1641.63, "end": 1641.97, "word": " worries", "probability": 0.99951171875 }, { "start": 1641.97, "end": 1642.13, "word": " you", "probability": 1.0 }, { "start": 1642.13, "end": 1642.25, "word": " the", "probability": 0.99951171875 }, { "start": 1642.25, "end": 1642.75, "word": " most", "probability": 0.99853515625 } ] }, { "start": 1642.75, "end": 1646.99, "text": "um i would say it's a it's a couple coming together it's not one thing because these", "avg_logprob": -0.06738280993886292, "no_speech_prob": 0.0, "words": [ { "start": 1642.75, "end": 1643.47, "word": " um", "probability": 0.9990234375 }, { "start": 1643.47, "end": 1644.05, "word": " i", "probability": 0.9990234375 }, { "start": 1644.05, "end": 1644.15, "word": " would", "probability": 1.0 }, { "start": 1644.15, "end": 1644.33, "word": " say", "probability": 1.0 }, { "start": 1644.33, "end": 1644.61, "word": " it's", "probability": 1.0 }, { "start": 1644.61, "end": 1644.69, "word": " a", "probability": 0.982421875 }, { "start": 1644.69, "end": 1644.87, "word": " it's", "probability": 0.99462890625 }, { "start": 1644.87, "end": 1644.95, "word": " a", "probability": 1.0 }, { "start": 1644.95, "end": 1645.17, "word": " couple", "probability": 0.99951171875 }, { "start": 1645.17, "end": 1645.45, "word": " coming", "probability": 0.99951171875 }, { "start": 1645.45, "end": 1645.71, "word": " together", "probability": 1.0 }, { "start": 1645.71, "end": 1645.89, "word": " it's", "probability": 0.999755859375 }, { "start": 1645.89, "end": 1646.01, "word": " not", "probability": 1.0 }, { "start": 1646.01, "end": 1646.21, "word": " one", "probability": 1.0 }, { "start": 1646.21, "end": 1646.47, "word": " thing", "probability": 0.99951171875 }, { "start": 1646.47, "end": 1646.75, "word": " because", "probability": 1.0 }, { "start": 1646.75, "end": 1646.99, "word": " these", "probability": 0.9990234375 } ] }, { "start": 1646.99, "end": 1651.79, "text": "these things tend to come in clusters so one is just the really big demographic trend right so", "avg_logprob": -0.06477273072708736, "no_speech_prob": 0.0, "words": [ { "start": 1646.99, "end": 1647.21, "word": " these", "probability": 0.7568359375 }, { "start": 1647.21, "end": 1647.41, "word": " things", "probability": 0.9990234375 }, { "start": 1647.41, "end": 1647.59, "word": " tend", "probability": 1.0 }, { "start": 1647.59, "end": 1647.73, "word": " to", "probability": 1.0 }, { "start": 1647.73, "end": 1647.85, "word": " come", "probability": 1.0 }, { "start": 1647.85, "end": 1647.95, "word": " in", "probability": 0.4970703125 }, { "start": 1647.95, "end": 1648.31, "word": " clusters", "probability": 0.98779296875 }, { "start": 1648.31, "end": 1648.57, "word": " so", "probability": 0.11773681640625 }, { "start": 1648.57, "end": 1649.19, "word": " one", "probability": 0.99755859375 }, { "start": 1649.19, "end": 1649.35, "word": " is", "probability": 0.99951171875 }, { "start": 1649.35, "end": 1649.47, "word": " just", "probability": 0.998046875 }, { "start": 1649.47, "end": 1649.77, "word": " the", "probability": 0.99462890625 }, { "start": 1649.77, "end": 1649.95, "word": " really", "probability": 0.98095703125 }, { "start": 1649.95, "end": 1650.13, "word": " big", "probability": 1.0 }, { "start": 1650.13, "end": 1650.63, "word": " demographic", "probability": 1.0 }, { "start": 1650.63, "end": 1651.07, "word": " trend", "probability": 0.99951171875 }, { "start": 1651.07, "end": 1651.47, "word": " right", "probability": 0.97900390625 }, { "start": 1651.47, "end": 1651.79, "word": " so", "probability": 0.99169921875 } ] }, { "start": 1651.79, "end": 1656.71, "text": "things are easier when you have six workers per retiree than three workers per retiree for example", "avg_logprob": -0.06477273072708736, "no_speech_prob": 0.0, "words": [ { "start": 1651.79, "end": 1652.07, "word": " things", "probability": 0.75537109375 }, { "start": 1652.07, "end": 1652.45, "word": " are", "probability": 0.56396484375 }, { "start": 1652.45, "end": 1652.77, "word": " easier", "probability": 0.9990234375 }, { "start": 1652.77, "end": 1653.01, "word": " when", "probability": 0.99951171875 }, { "start": 1653.01, "end": 1653.11, "word": " you", "probability": 1.0 }, { "start": 1653.11, "end": 1653.35, "word": " have", "probability": 1.0 }, { "start": 1653.35, "end": 1653.63, "word": " six", "probability": 0.99609375 }, { "start": 1653.63, "end": 1653.99, "word": " workers", "probability": 1.0 }, { "start": 1653.99, "end": 1654.21, "word": " per", "probability": 0.99951171875 }, { "start": 1654.21, "end": 1654.73, "word": " retiree", "probability": 0.99560546875 }, { "start": 1654.73, "end": 1654.91, "word": " than", "probability": 0.9765625 }, { "start": 1654.91, "end": 1655.25, "word": " three", "probability": 1.0 }, { "start": 1655.25, "end": 1655.59, "word": " workers", "probability": 1.0 }, { "start": 1655.59, "end": 1655.79, "word": " per", "probability": 0.99951171875 }, { "start": 1655.79, "end": 1656.25, "word": " retiree", "probability": 0.999267578125 }, { "start": 1656.25, "end": 1656.39, "word": " for", "probability": 0.9990234375 }, { "start": 1656.39, "end": 1656.71, "word": " example", "probability": 1.0 } ] }, { "start": 1656.71, "end": 1662.47, "text": "so as the world has aged uh that is just a that's just a really big challenge i mean all of our kind", "avg_logprob": -0.06477273072708736, "no_speech_prob": 0.0, "words": [ { "start": 1656.71, "end": 1657.27, "word": " so", "probability": 0.9912109375 }, { "start": 1657.27, "end": 1657.57, "word": " as", "probability": 0.9990234375 }, { "start": 1657.57, "end": 1657.69, "word": " the", "probability": 1.0 }, { "start": 1657.69, "end": 1657.91, "word": " world", "probability": 0.99951171875 }, { "start": 1657.91, "end": 1658.07, "word": " has", "probability": 0.44140625 }, { "start": 1658.07, "end": 1658.53, "word": " aged", "probability": 0.9970703125 }, { "start": 1658.53, "end": 1659.15, "word": " uh", "probability": 0.54541015625 }, { "start": 1659.15, "end": 1659.41, "word": " that", "probability": 1.0 }, { "start": 1659.41, "end": 1659.55, "word": " is", "probability": 0.99951171875 }, { "start": 1659.55, "end": 1659.67, "word": " just", "probability": 0.99658203125 }, { "start": 1659.67, "end": 1659.81, "word": " a", "probability": 0.90234375 }, { "start": 1659.81, "end": 1660.09, "word": " that's", "probability": 0.99853515625 }, { "start": 1660.09, "end": 1660.21, "word": " just", "probability": 0.99560546875 }, { "start": 1660.21, "end": 1660.35, "word": " a", "probability": 1.0 }, { "start": 1660.35, "end": 1660.61, "word": " really", "probability": 1.0 }, { "start": 1660.61, "end": 1660.83, "word": " big", "probability": 1.0 }, { "start": 1660.83, "end": 1661.19, "word": " challenge", "probability": 1.0 }, { "start": 1661.19, "end": 1661.41, "word": " i", "probability": 0.79931640625 }, { "start": 1661.41, "end": 1661.49, "word": " mean", "probability": 0.99951171875 }, { "start": 1661.49, "end": 1661.95, "word": " all", "probability": 0.99072265625 }, { "start": 1661.95, "end": 1662.09, "word": " of", "probability": 1.0 }, { "start": 1662.09, "end": 1662.25, "word": " our", "probability": 1.0 }, { "start": 1662.25, "end": 1662.47, "word": " kind", "probability": 1.0 } ] }, { "start": 1662.47, "end": 1667.31, "text": "of systems are kind of designed with the theory that every generation is going to be bigger than", "avg_logprob": -0.06477273072708736, "no_speech_prob": 0.0, "words": [ { "start": 1662.47, "end": 1662.61, "word": " of", "probability": 0.99951171875 }, { "start": 1662.61, "end": 1663.05, "word": " systems", "probability": 1.0 }, { "start": 1663.05, "end": 1663.81, "word": " are", "probability": 1.0 }, { "start": 1663.81, "end": 1664.83, "word": " kind", "probability": 0.99853515625 }, { "start": 1664.83, "end": 1664.95, "word": " of", "probability": 1.0 }, { "start": 1664.95, "end": 1665.37, "word": " designed", "probability": 1.0 }, { "start": 1665.37, "end": 1665.57, "word": " with", "probability": 1.0 }, { "start": 1665.57, "end": 1665.69, "word": " the", "probability": 0.99951171875 }, { "start": 1665.69, "end": 1665.95, "word": " theory", "probability": 0.99951171875 }, { "start": 1665.95, "end": 1666.13, "word": " that", "probability": 0.99951171875 }, { "start": 1666.13, "end": 1666.27, "word": " every", "probability": 0.9873046875 }, { "start": 1666.27, "end": 1666.63, "word": " generation", "probability": 0.9990234375 }, { "start": 1666.63, "end": 1666.79, "word": " is", "probability": 0.92236328125 }, { "start": 1666.79, "end": 1666.87, "word": " going", "probability": 0.814453125 }, { "start": 1666.87, "end": 1666.89, "word": " to", "probability": 0.99951171875 }, { "start": 1666.89, "end": 1666.97, "word": " be", "probability": 0.99658203125 }, { "start": 1666.97, "end": 1667.17, "word": " bigger", "probability": 0.99951171875 }, { "start": 1667.17, "end": 1667.31, "word": " than", "probability": 1.0 } ] }, { "start": 1667.31, "end": 1673.51, "text": "the prior one and you know when that stopped happening and then decades pass we're kind of in", "avg_logprob": -0.06477273072708736, "no_speech_prob": 0.0, "words": [ { "start": 1667.31, "end": 1667.43, "word": " the", "probability": 0.9970703125 }, { "start": 1667.43, "end": 1667.65, "word": " prior", "probability": 0.99853515625 }, { "start": 1667.65, "end": 1667.97, "word": " one", "probability": 0.99951171875 }, { "start": 1667.97, "end": 1668.79, "word": " and", "probability": 1.0 }, { "start": 1668.79, "end": 1669.35, "word": " you", "probability": 1.0 }, { "start": 1669.35, "end": 1669.41, "word": " know", "probability": 0.99951171875 }, { "start": 1669.41, "end": 1669.55, "word": " when", "probability": 0.99951171875 }, { "start": 1669.55, "end": 1669.67, "word": " that", "probability": 1.0 }, { "start": 1669.67, "end": 1669.93, "word": " stopped", "probability": 0.99951171875 }, { "start": 1669.93, "end": 1670.41, "word": " happening", "probability": 0.99951171875 }, { "start": 1670.41, "end": 1671.25, "word": " and", "probability": 1.0 }, { "start": 1671.25, "end": 1671.37, "word": " then", "probability": 1.0 }, { "start": 1671.37, "end": 1671.75, "word": " decades", "probability": 0.99951171875 }, { "start": 1671.75, "end": 1672.13, "word": " pass", "probability": 0.94677734375 }, { "start": 1672.13, "end": 1673.07, "word": " we're", "probability": 0.999755859375 }, { "start": 1673.07, "end": 1673.25, "word": " kind", "probability": 1.0 }, { "start": 1673.25, "end": 1673.37, "word": " of", "probability": 1.0 }, { "start": 1673.37, "end": 1673.51, "word": " in", "probability": 1.0 } ] }, { "start": 1673.51, "end": 1675.87, "text": "the paying for it moment now.", "avg_logprob": -0.20206567885006887, "no_speech_prob": 0.0, "words": [ { "start": 1673.51, "end": 1674.15, "word": " the", "probability": 0.66259765625 }, { "start": 1674.15, "end": 1675.01, "word": " paying", "probability": 0.88037109375 }, { "start": 1675.01, "end": 1675.29, "word": " for", "probability": 0.9111328125 }, { "start": 1675.29, "end": 1675.39, "word": " it", "probability": 0.89794921875 }, { "start": 1675.39, "end": 1675.59, "word": " moment", "probability": 0.998046875 }, { "start": 1675.59, "end": 1675.87, "word": " now.", "probability": 0.98974609375 } ] }, { "start": 1675.99, "end": 1679.63, "text": "So we have really big challenges ahead of like Social Security, Medicare in the U.S.", "avg_logprob": -0.20206567885006887, "no_speech_prob": 0.0, "words": [ { "start": 1675.99, "end": 1676.05, "word": " So", "probability": 0.818359375 }, { "start": 1676.05, "end": 1676.13, "word": " we", "probability": 0.8955078125 }, { "start": 1676.13, "end": 1676.41, "word": " have", "probability": 0.7978515625 }, { "start": 1676.41, "end": 1676.57, "word": " really", "probability": 0.97216796875 }, { "start": 1676.57, "end": 1676.73, "word": " big", "probability": 0.998046875 }, { "start": 1676.73, "end": 1677.13, "word": " challenges", "probability": 0.99853515625 }, { "start": 1677.13, "end": 1677.47, "word": " ahead", "probability": 0.99853515625 }, { "start": 1677.47, "end": 1677.67, "word": " of", "probability": 0.99853515625 }, { "start": 1677.67, "end": 1677.91, "word": " like", "probability": 0.79296875 }, { "start": 1677.91, "end": 1678.37, "word": " Social", "probability": 0.6474609375 }, { "start": 1678.37, "end": 1678.71, "word": " Security,", "probability": 0.99755859375 }, { "start": 1678.81, "end": 1679.03, "word": " Medicare", "probability": 0.998046875 }, { "start": 1679.03, "end": 1679.25, "word": " in", "probability": 0.8984375 }, { "start": 1679.25, "end": 1679.33, "word": " the", "probability": 0.99658203125 }, { "start": 1679.33, "end": 1679.43, "word": " U", "probability": 0.358154296875 }, { "start": 1679.43, "end": 1679.63, "word": ".S.", "probability": 0.98876953125 } ] }, { "start": 1679.69, "end": 1681.37, "text": "And obviously Japan's going through it.", "avg_logprob": -0.20206567885006887, "no_speech_prob": 0.0, "words": [ { "start": 1679.69, "end": 1679.81, "word": " And", "probability": 0.6328125 }, { "start": 1679.81, "end": 1680.33, "word": " obviously", "probability": 0.98583984375 }, { "start": 1680.33, "end": 1680.83, "word": " Japan's", "probability": 0.75830078125 }, { "start": 1680.83, "end": 1680.99, "word": " going", "probability": 0.99951171875 }, { "start": 1680.99, "end": 1681.21, "word": " through", "probability": 0.99951171875 }, { "start": 1681.21, "end": 1681.37, "word": " it.", "probability": 0.9990234375 } ] }, { "start": 1681.47, "end": 1682.37, "text": "Europe's going through it.", "avg_logprob": -0.20206567885006887, "no_speech_prob": 0.0, "words": [ { "start": 1681.47, "end": 1681.71, "word": " Europe's", "probability": 0.992919921875 }, { "start": 1681.71, "end": 1681.89, "word": " going", "probability": 0.99951171875 }, { "start": 1681.89, "end": 1682.11, "word": " through", "probability": 1.0 }, { "start": 1682.11, "end": 1682.37, "word": " it.", "probability": 1.0 } ] }, { "start": 1683.17, "end": 1684.69, "text": "These are very real challenges.", "avg_logprob": -0.20206567885006887, "no_speech_prob": 0.0, "words": [ { "start": 1683.17, "end": 1683.61, "word": " These", "probability": 0.99462890625 }, { "start": 1683.61, "end": 1683.71, "word": " are", "probability": 1.0 }, { "start": 1683.71, "end": 1683.95, "word": " very", "probability": 0.99951171875 }, { "start": 1683.95, "end": 1684.15, "word": " real", "probability": 0.99755859375 }, { "start": 1684.15, "end": 1684.69, "word": " challenges.", "probability": 0.99951171875 } ] }, { "start": 1685.19, "end": 1686.13, "text": "China's going through it.", "avg_logprob": -0.20206567885006887, "no_speech_prob": 0.0, "words": [ { "start": 1685.19, "end": 1685.53, "word": " China's", "probability": 0.940673828125 }, { "start": 1685.53, "end": 1685.67, "word": " going", "probability": 0.99951171875 }, { "start": 1685.67, "end": 1685.91, "word": " through", "probability": 1.0 }, { "start": 1685.91, "end": 1686.13, "word": " it.", "probability": 1.0 } ] }, { "start": 1686.85, "end": 1690.85, "text": "So that's like a, that's one, just, that's kind of the massive kind of like background", "avg_logprob": -0.20206567885006887, "no_speech_prob": 0.0, "words": [ { "start": 1686.85, "end": 1687.29, "word": " So", "probability": 0.97607421875 }, { "start": 1687.29, "end": 1687.63, "word": " that's", "probability": 0.99560546875 }, { "start": 1687.63, "end": 1687.73, "word": " like", "probability": 0.3916015625 }, { "start": 1687.73, "end": 1687.85, "word": " a,", "probability": 0.6015625 }, { "start": 1687.93, "end": 1688.19, "word": " that's", "probability": 0.99951171875 }, { "start": 1688.19, "end": 1688.63, "word": " one,", "probability": 0.9912109375 }, { "start": 1688.87, "end": 1688.97, "word": " just,", "probability": 0.837890625 }, { "start": 1689.05, "end": 1689.33, "word": " that's", "probability": 0.805419921875 }, { "start": 1689.33, "end": 1689.41, "word": " kind", "probability": 0.99755859375 }, { "start": 1689.41, "end": 1689.47, "word": " of", "probability": 1.0 }, { "start": 1689.47, "end": 1689.57, "word": " the", "probability": 0.998046875 }, { "start": 1689.57, "end": 1689.97, "word": " massive", "probability": 1.0 }, { "start": 1689.97, "end": 1690.19, "word": " kind", "probability": 0.97705078125 }, { "start": 1690.19, "end": 1690.27, "word": " of", "probability": 1.0 }, { "start": 1690.27, "end": 1690.41, "word": " like", "probability": 0.99609375 }, { "start": 1690.41, "end": 1690.85, "word": " background", "probability": 0.9990234375 } ] }, { "start": 1690.85, "end": 1692.29, "text": "thing that's happening.", "avg_logprob": -0.20206567885006887, "no_speech_prob": 0.0, "words": [ { "start": 1690.85, "end": 1691.27, "word": " thing", "probability": 0.99951171875 }, { "start": 1691.27, "end": 1691.97, "word": " that's", "probability": 0.996826171875 }, { "start": 1691.97, "end": 1692.29, "word": " happening.", "probability": 0.9990234375 } ] }, { "start": 1692.93, "end": 1699.93, "text": "And then when you add, obviously, like breakdowns in international law compared to a kind of", "avg_logprob": -0.20206567885006887, "no_speech_prob": 0.0, "words": [ { "start": 1692.93, "end": 1693.37, "word": " And", "probability": 0.99365234375 }, { "start": 1693.37, "end": 1693.49, "word": " then", "probability": 0.99951171875 }, { "start": 1693.49, "end": 1693.61, "word": " when", "probability": 0.9990234375 }, { "start": 1693.61, "end": 1693.71, "word": " you", "probability": 1.0 }, { "start": 1693.71, "end": 1694.13, "word": " add,", "probability": 0.99951171875 }, { "start": 1694.47, "end": 1695.11, "word": " obviously,", "probability": 0.99951171875 }, { "start": 1695.47, "end": 1696.63, "word": " like", "probability": 0.998046875 }, { "start": 1696.63, "end": 1697.41, "word": " breakdowns", "probability": 0.988037109375 }, { "start": 1697.41, "end": 1697.49, "word": " in", "probability": 0.85498046875 }, { "start": 1697.49, "end": 1697.91, "word": " international", "probability": 0.9970703125 }, { "start": 1697.91, "end": 1698.43, "word": " law", "probability": 0.99951171875 }, { "start": 1698.43, "end": 1699.25, "word": " compared", "probability": 0.75439453125 }, { "start": 1699.25, "end": 1699.55, "word": " to", "probability": 1.0 }, { "start": 1699.55, "end": 1699.73, "word": " a", "probability": 0.9697265625 }, { "start": 1699.73, "end": 1699.85, "word": " kind", "probability": 0.98583984375 }, { "start": 1699.85, "end": 1699.93, "word": " of", "probability": 1.0 } ] }, { "start": 1699.93, "end": 1705.85, "text": "a we kind of went through this like you know multipolar stage toward a unipolar stage and", "avg_logprob": -0.0592959981955839, "no_speech_prob": 0.0, "words": [ { "start": 1699.93, "end": 1700.11, "word": " a", "probability": 0.2379150390625 }, { "start": 1700.11, "end": 1700.91, "word": " we", "probability": 0.337890625 }, { "start": 1700.91, "end": 1701.43, "word": " kind", "probability": 0.86669921875 }, { "start": 1701.43, "end": 1701.49, "word": " of", "probability": 1.0 }, { "start": 1701.49, "end": 1701.63, "word": " went", "probability": 1.0 }, { "start": 1701.63, "end": 1701.77, "word": " through", "probability": 0.99951171875 }, { "start": 1701.77, "end": 1701.97, "word": " this", "probability": 0.99951171875 }, { "start": 1701.97, "end": 1702.17, "word": " like", "probability": 0.9296875 }, { "start": 1702.17, "end": 1702.71, "word": " you", "probability": 0.8681640625 }, { "start": 1702.71, "end": 1702.79, "word": " know", "probability": 1.0 }, { "start": 1702.79, "end": 1703.41, "word": " multipolar", "probability": 0.8662109375 }, { "start": 1703.41, "end": 1703.97, "word": " stage", "probability": 0.99951171875 }, { "start": 1703.97, "end": 1704.55, "word": " toward", "probability": 0.99853515625 }, { "start": 1704.55, "end": 1704.71, "word": " a", "probability": 1.0 }, { "start": 1704.71, "end": 1705.27, "word": " unipolar", "probability": 0.9973958333333334 }, { "start": 1705.27, "end": 1705.63, "word": " stage", "probability": 0.99951171875 }, { "start": 1705.63, "end": 1705.85, "word": " and", "probability": 0.99853515625 } ] }, { "start": 1705.85, "end": 1711.09, "text": "then kind of going back toward a multipolar stage in terms of geopolitics which is really the more", "avg_logprob": -0.0592959981955839, "no_speech_prob": 0.0, "words": [ { "start": 1705.85, "end": 1705.93, "word": " then", "probability": 0.99658203125 }, { "start": 1705.93, "end": 1706.07, "word": " kind", "probability": 0.998046875 }, { "start": 1706.07, "end": 1706.21, "word": " of", "probability": 1.0 }, { "start": 1706.21, "end": 1706.85, "word": " going", "probability": 0.94970703125 }, { "start": 1706.85, "end": 1707.13, "word": " back", "probability": 1.0 }, { "start": 1707.13, "end": 1707.31, "word": " toward", "probability": 0.9453125 }, { "start": 1707.31, "end": 1707.45, "word": " a", "probability": 1.0 }, { "start": 1707.45, "end": 1707.95, "word": " multipolar", "probability": 0.998046875 }, { "start": 1707.95, "end": 1708.33, "word": " stage", "probability": 0.99951171875 }, { "start": 1708.33, "end": 1708.55, "word": " in", "probability": 1.0 }, { "start": 1708.55, "end": 1708.67, "word": " terms", "probability": 1.0 }, { "start": 1708.67, "end": 1708.81, "word": " of", "probability": 1.0 }, { "start": 1708.81, "end": 1709.57, "word": " geopolitics", "probability": 0.999755859375 }, { "start": 1709.57, "end": 1709.75, "word": " which", "probability": 0.97802734375 }, { "start": 1709.75, "end": 1709.97, "word": " is", "probability": 1.0 }, { "start": 1709.97, "end": 1710.85, "word": " really", "probability": 0.9990234375 }, { "start": 1710.85, "end": 1710.97, "word": " the", "probability": 1.0 }, { "start": 1710.97, "end": 1711.09, "word": " more", "probability": 0.99951171875 } ] }, { "start": 1711.09, "end": 1717.99, "text": "natural stage of things uh but that that transition can be uh tumultuous um and then there's like the", "avg_logprob": -0.0592959981955839, "no_speech_prob": 0.0, "words": [ { "start": 1711.09, "end": 1711.47, "word": " natural", "probability": 0.99951171875 }, { "start": 1711.47, "end": 1711.85, "word": " stage", "probability": 0.9990234375 }, { "start": 1711.85, "end": 1712.07, "word": " of", "probability": 0.9990234375 }, { "start": 1712.07, "end": 1712.37, "word": " things", "probability": 0.99951171875 }, { "start": 1712.37, "end": 1712.93, "word": " uh", "probability": 0.27685546875 }, { "start": 1712.93, "end": 1713.19, "word": " but", "probability": 0.99951171875 }, { "start": 1713.19, "end": 1713.39, "word": " that", "probability": 1.0 }, { "start": 1713.39, "end": 1713.61, "word": " that", "probability": 0.98828125 }, { "start": 1713.61, "end": 1714.07, "word": " transition", "probability": 1.0 }, { "start": 1714.07, "end": 1714.31, "word": " can", "probability": 1.0 }, { "start": 1714.31, "end": 1714.55, "word": " be", "probability": 1.0 }, { "start": 1714.55, "end": 1714.77, "word": " uh", "probability": 0.93115234375 }, { "start": 1714.77, "end": 1715.45, "word": " tumultuous", "probability": 0.9996744791666666 }, { "start": 1715.45, "end": 1716.47, "word": " um", "probability": 0.99462890625 }, { "start": 1716.47, "end": 1717.21, "word": " and", "probability": 1.0 }, { "start": 1717.21, "end": 1717.35, "word": " then", "probability": 0.99951171875 }, { "start": 1717.35, "end": 1717.63, "word": " there's", "probability": 0.999755859375 }, { "start": 1717.63, "end": 1717.79, "word": " like", "probability": 0.99853515625 }, { "start": 1717.79, "end": 1717.99, "word": " the", "probability": 0.87353515625 } ] }, { "start": 1717.99, "end": 1723.21, "text": "this the as we deal with the demographics and as we have these fiscal things locked in", "avg_logprob": -0.0592959981955839, "no_speech_prob": 0.0, "words": [ { "start": 1717.99, "end": 1718.33, "word": " this", "probability": 0.99609375 }, { "start": 1718.33, "end": 1718.53, "word": " the", "probability": 0.99951171875 }, { "start": 1718.53, "end": 1719.99, "word": " as", "probability": 0.99951171875 }, { "start": 1719.99, "end": 1720.13, "word": " we", "probability": 1.0 }, { "start": 1720.13, "end": 1720.25, "word": " deal", "probability": 1.0 }, { "start": 1720.25, "end": 1720.35, "word": " with", "probability": 1.0 }, { "start": 1720.35, "end": 1720.43, "word": " the", "probability": 0.99267578125 }, { "start": 1720.43, "end": 1720.95, "word": " demographics", "probability": 0.9951171875 }, { "start": 1720.95, "end": 1721.23, "word": " and", "probability": 1.0 }, { "start": 1721.23, "end": 1721.49, "word": " as", "probability": 0.99267578125 }, { "start": 1721.49, "end": 1721.63, "word": " we", "probability": 1.0 }, { "start": 1721.63, "end": 1721.81, "word": " have", "probability": 1.0 }, { "start": 1721.81, "end": 1721.97, "word": " these", "probability": 0.99853515625 }, { "start": 1721.97, "end": 1722.29, "word": " fiscal", "probability": 0.95654296875 }, { "start": 1722.29, "end": 1722.61, "word": " things", "probability": 1.0 }, { "start": 1722.61, "end": 1722.93, "word": " locked", "probability": 0.99951171875 }, { "start": 1722.93, "end": 1723.21, "word": " in", "probability": 0.99951171875 } ] }, { "start": 1723.21, "end": 1732.83, "text": "I think the two-speed economy that we have in the U.S. is, I mean, to your point, that's a huge factor in trust, right?", "avg_logprob": -0.08245092778166463, "no_speech_prob": 0.0, "words": [ { "start": 1723.21, "end": 1723.87, "word": " I", "probability": 0.9873046875 }, { "start": 1723.87, "end": 1724.01, "word": " think", "probability": 0.99853515625 }, { "start": 1724.01, "end": 1724.17, "word": " the", "probability": 0.99853515625 }, { "start": 1724.17, "end": 1724.39, "word": " two", "probability": 0.998046875 }, { "start": 1724.39, "end": 1724.65, "word": "-speed", "probability": 0.8974609375 }, { "start": 1724.65, "end": 1725.13, "word": " economy", "probability": 1.0 }, { "start": 1725.13, "end": 1725.31, "word": " that", "probability": 1.0 }, { "start": 1725.31, "end": 1725.39, "word": " we", "probability": 1.0 }, { "start": 1725.39, "end": 1725.59, "word": " have", "probability": 1.0 }, { "start": 1725.59, "end": 1725.73, "word": " in", "probability": 1.0 }, { "start": 1725.73, "end": 1725.81, "word": " the", "probability": 1.0 }, { "start": 1725.81, "end": 1725.93, "word": " U", "probability": 0.55419921875 }, { "start": 1725.93, "end": 1726.23, "word": ".S.", "probability": 0.996337890625 }, { "start": 1727.27, "end": 1727.37, "word": " is,", "probability": 0.98046875 }, { "start": 1727.59, "end": 1728.17, "word": " I", "probability": 0.96923828125 }, { "start": 1728.17, "end": 1729.29, "word": " mean,", "probability": 1.0 }, { "start": 1729.33, "end": 1729.41, "word": " to", "probability": 1.0 }, { "start": 1729.41, "end": 1729.51, "word": " your", "probability": 1.0 }, { "start": 1729.51, "end": 1729.77, "word": " point,", "probability": 1.0 }, { "start": 1729.91, "end": 1730.29, "word": " that's", "probability": 0.9990234375 }, { "start": 1730.29, "end": 1730.69, "word": " a", "probability": 0.99951171875 }, { "start": 1730.69, "end": 1731.13, "word": " huge", "probability": 1.0 }, { "start": 1731.13, "end": 1731.49, "word": " factor", "probability": 1.0 }, { "start": 1731.49, "end": 1731.65, "word": " in", "probability": 1.0 }, { "start": 1731.65, "end": 1732.11, "word": " trust,", "probability": 1.0 }, { "start": 1732.53, "end": 1732.83, "word": " right?", "probability": 1.0 } ] }, { "start": 1733.01, "end": 1736.69, "text": "So people will ask me, like, when do fiscal deficits matter?", "avg_logprob": -0.08245092778166463, "no_speech_prob": 0.0, "words": [ { "start": 1733.01, "end": 1733.23, "word": " So", "probability": 0.98046875 }, { "start": 1733.23, "end": 1734.59, "word": " people", "probability": 0.9404296875 }, { "start": 1734.59, "end": 1734.81, "word": " will", "probability": 0.85595703125 }, { "start": 1734.81, "end": 1735.03, "word": " ask", "probability": 1.0 }, { "start": 1735.03, "end": 1735.15, "word": " me,", "probability": 1.0 }, { "start": 1735.23, "end": 1735.31, "word": " like,", "probability": 0.8916015625 }, { "start": 1735.37, "end": 1735.49, "word": " when", "probability": 0.99951171875 }, { "start": 1735.49, "end": 1735.63, "word": " do", "probability": 1.0 }, { "start": 1735.63, "end": 1735.97, "word": " fiscal", "probability": 0.998046875 }, { "start": 1735.97, "end": 1736.31, "word": " deficits", "probability": 0.98974609375 }, { "start": 1736.31, "end": 1736.69, "word": " matter?", "probability": 1.0 } ] }, { "start": 1736.81, "end": 1737.79, "text": "When does the debt matter?", "avg_logprob": -0.08245092778166463, "no_speech_prob": 0.0, "words": [ { "start": 1736.81, "end": 1736.91, "word": " When", "probability": 0.99951171875 }, { "start": 1736.91, "end": 1737.11, "word": " does", "probability": 1.0 }, { "start": 1737.11, "end": 1737.25, "word": " the", "probability": 1.0 }, { "start": 1737.25, "end": 1737.43, "word": " debt", "probability": 1.0 }, { "start": 1737.43, "end": 1737.79, "word": " matter?", "probability": 1.0 } ] }, { "start": 1738.05, "end": 1741.05, "text": "My answer is it has been mattering, right?", "avg_logprob": -0.08245092778166463, "no_speech_prob": 0.0, "words": [ { "start": 1738.05, "end": 1738.49, "word": " My", "probability": 0.9990234375 }, { "start": 1738.49, "end": 1739.25, "word": " answer", "probability": 1.0 }, { "start": 1739.25, "end": 1739.37, "word": " is", "probability": 1.0 }, { "start": 1739.37, "end": 1739.59, "word": " it", "probability": 0.96533203125 }, { "start": 1739.59, "end": 1739.87, "word": " has", "probability": 1.0 }, { "start": 1739.87, "end": 1740.03, "word": " been", "probability": 1.0 }, { "start": 1740.03, "end": 1740.47, "word": " mattering,", "probability": 0.998779296875 }, { "start": 1740.91, "end": 1741.05, "word": " right?", "probability": 1.0 } ] }, { "start": 1741.07, "end": 1746.53, "text": "It's not the moment a bond auction fails or something crazy because that's not the point here.", "avg_logprob": -0.08245092778166463, "no_speech_prob": 0.0, "words": [ { "start": 1741.07, "end": 1741.25, "word": " It's", "probability": 0.9990234375 }, { "start": 1741.25, "end": 1741.45, "word": " not", "probability": 1.0 }, { "start": 1741.45, "end": 1742.41, "word": " the", "probability": 0.9990234375 }, { "start": 1742.41, "end": 1742.71, "word": " moment", "probability": 1.0 }, { "start": 1742.71, "end": 1742.85, "word": " a", "probability": 0.9970703125 }, { "start": 1742.85, "end": 1743.15, "word": " bond", "probability": 1.0 }, { "start": 1743.15, "end": 1743.51, "word": " auction", "probability": 0.99853515625 }, { "start": 1743.51, "end": 1743.85, "word": " fails", "probability": 0.73779296875 }, { "start": 1743.85, "end": 1743.97, "word": " or", "probability": 0.99951171875 }, { "start": 1743.97, "end": 1744.21, "word": " something", "probability": 1.0 }, { "start": 1744.21, "end": 1744.65, "word": " crazy", "probability": 1.0 }, { "start": 1744.65, "end": 1744.97, "word": " because", "probability": 0.70166015625 }, { "start": 1744.97, "end": 1745.37, "word": " that's", "probability": 1.0 }, { "start": 1745.37, "end": 1745.83, "word": " not", "probability": 1.0 }, { "start": 1745.83, "end": 1746.01, "word": " the", "probability": 1.0 }, { "start": 1746.01, "end": 1746.27, "word": " point", "probability": 1.0 }, { "start": 1746.27, "end": 1746.53, "word": " here.", "probability": 1.0 } ] }, { "start": 1746.75, "end": 1752.91, "text": "The point is that when you have these really structural fiscal deficits, there are recipients on some sides of them.", "avg_logprob": -0.08245092778166463, "no_speech_prob": 0.0, "words": [ { "start": 1746.75, "end": 1747.07, "word": " The", "probability": 1.0 }, { "start": 1747.07, "end": 1747.33, "word": " point", "probability": 1.0 }, { "start": 1747.33, "end": 1747.51, "word": " is", "probability": 1.0 }, { "start": 1747.51, "end": 1747.67, "word": " that", "probability": 1.0 }, { "start": 1747.67, "end": 1747.79, "word": " when", "probability": 1.0 }, { "start": 1747.79, "end": 1747.87, "word": " you", "probability": 1.0 }, { "start": 1747.87, "end": 1748.57, "word": " have", "probability": 0.99951171875 }, { "start": 1748.57, "end": 1749.07, "word": " these", "probability": 1.0 }, { "start": 1749.07, "end": 1749.35, "word": " really", "probability": 1.0 }, { "start": 1749.35, "end": 1749.65, "word": " structural", "probability": 1.0 }, { "start": 1749.65, "end": 1749.97, "word": " fiscal", "probability": 0.99609375 }, { "start": 1749.97, "end": 1750.47, "word": " deficits,", "probability": 1.0 }, { "start": 1750.75, "end": 1751.21, "word": " there", "probability": 0.99755859375 }, { "start": 1751.21, "end": 1751.33, "word": " are", "probability": 1.0 }, { "start": 1751.33, "end": 1751.69, "word": " recipients", "probability": 1.0 }, { "start": 1751.69, "end": 1751.97, "word": " on", "probability": 1.0 }, { "start": 1751.97, "end": 1752.19, "word": " some", "probability": 1.0 }, { "start": 1752.19, "end": 1752.55, "word": " sides", "probability": 0.99755859375 }, { "start": 1752.55, "end": 1752.69, "word": " of", "probability": 1.0 }, { "start": 1752.69, "end": 1752.91, "word": " them.", "probability": 1.0 } ] }, { "start": 1753.21, "end": 1756.85, "text": "and then there are others that are not on recipients, but they're kind of paying the cost.", "avg_logprob": -0.10064338410601896, "no_speech_prob": 0.0, "words": [ { "start": 1753.21, "end": 1753.47, "word": " and", "probability": 0.37548828125 }, { "start": 1753.47, "end": 1753.55, "word": " then", "probability": 0.990234375 }, { "start": 1753.55, "end": 1753.67, "word": " there", "probability": 0.9892578125 }, { "start": 1753.67, "end": 1753.81, "word": " are", "probability": 0.99169921875 }, { "start": 1753.81, "end": 1753.97, "word": " others", "probability": 0.99755859375 }, { "start": 1753.97, "end": 1754.11, "word": " that", "probability": 0.99365234375 }, { "start": 1754.11, "end": 1754.21, "word": " are", "probability": 0.9990234375 }, { "start": 1754.21, "end": 1754.39, "word": " not", "probability": 0.99853515625 }, { "start": 1754.39, "end": 1754.55, "word": " on", "probability": 0.98876953125 }, { "start": 1754.55, "end": 1754.97, "word": " recipients,", "probability": 0.7236328125 }, { "start": 1755.23, "end": 1755.29, "word": " but", "probability": 0.9990234375 }, { "start": 1755.29, "end": 1755.55, "word": " they're", "probability": 0.973876953125 }, { "start": 1755.55, "end": 1755.71, "word": " kind", "probability": 0.55078125 }, { "start": 1755.71, "end": 1755.83, "word": " of", "probability": 0.9990234375 }, { "start": 1755.83, "end": 1756.17, "word": " paying", "probability": 0.9970703125 }, { "start": 1756.17, "end": 1756.33, "word": " the", "probability": 0.9990234375 }, { "start": 1756.33, "end": 1756.85, "word": " cost.", "probability": 0.96923828125 } ] }, { "start": 1756.99, "end": 1761.09, "text": "For example, higher rates and a new family looking to buy their first home,", "avg_logprob": -0.10064338410601896, "no_speech_prob": 0.0, "words": [ { "start": 1756.99, "end": 1757.07, "word": " For", "probability": 0.9970703125 }, { "start": 1757.07, "end": 1757.27, "word": " example,", "probability": 0.99951171875 }, { "start": 1757.43, "end": 1757.65, "word": " higher", "probability": 0.994140625 }, { "start": 1757.65, "end": 1758.19, "word": " rates", "probability": 0.99951171875 }, { "start": 1758.19, "end": 1758.75, "word": " and", "probability": 0.8583984375 }, { "start": 1758.75, "end": 1758.85, "word": " a", "probability": 0.9970703125 }, { "start": 1758.85, "end": 1758.97, "word": " new", "probability": 0.99853515625 }, { "start": 1758.97, "end": 1759.25, "word": " family", "probability": 0.99951171875 }, { "start": 1759.25, "end": 1759.47, "word": " looking", "probability": 0.9921875 }, { "start": 1759.47, "end": 1759.69, "word": " to", "probability": 0.9990234375 }, { "start": 1759.69, "end": 1760.13, "word": " buy", "probability": 0.9814453125 }, { "start": 1760.13, "end": 1760.33, "word": " their", "probability": 0.9990234375 }, { "start": 1760.33, "end": 1760.67, "word": " first", "probability": 0.99951171875 }, { "start": 1760.67, "end": 1761.09, "word": " home,", "probability": 0.99951171875 } ] }, { "start": 1761.31, "end": 1764.73, "text": "they're kind of indirectly paying the cost or some of the costs for these deficits.", "avg_logprob": -0.10064338410601896, "no_speech_prob": 0.0, "words": [ { "start": 1761.31, "end": 1761.61, "word": " they're", "probability": 0.993408203125 }, { "start": 1761.61, "end": 1761.73, "word": " kind", "probability": 0.93408203125 }, { "start": 1761.73, "end": 1761.93, "word": " of", "probability": 0.99951171875 }, { "start": 1761.93, "end": 1762.35, "word": " indirectly", "probability": 0.99755859375 }, { "start": 1762.35, "end": 1762.67, "word": " paying", "probability": 0.99560546875 }, { "start": 1762.67, "end": 1762.79, "word": " the", "probability": 0.9912109375 }, { "start": 1762.79, "end": 1763.23, "word": " cost", "probability": 0.892578125 }, { "start": 1763.23, "end": 1763.37, "word": " or", "probability": 0.91015625 }, { "start": 1763.37, "end": 1763.51, "word": " some", "probability": 0.9814453125 }, { "start": 1763.51, "end": 1763.61, "word": " of", "probability": 0.99755859375 }, { "start": 1763.61, "end": 1763.65, "word": " the", "probability": 0.998046875 }, { "start": 1763.65, "end": 1763.97, "word": " costs", "probability": 0.66162109375 }, { "start": 1763.97, "end": 1764.11, "word": " for", "probability": 0.9931640625 }, { "start": 1764.11, "end": 1764.23, "word": " these", "probability": 0.99853515625 }, { "start": 1764.23, "end": 1764.73, "word": " deficits.", "probability": 0.9990234375 } ] }, { "start": 1766.73, "end": 1771.17, "text": "That's where you get, for example, record high stock prices and record low consumer", "avg_logprob": -0.10064338410601896, "no_speech_prob": 0.0, "words": [ { "start": 1766.73, "end": 1767.17, "word": " That's", "probability": 0.6805419921875 }, { "start": 1767.17, "end": 1767.27, "word": " where", "probability": 0.90185546875 }, { "start": 1767.27, "end": 1767.35, "word": " you", "probability": 0.99853515625 }, { "start": 1767.35, "end": 1767.51, "word": " get,", "probability": 0.9990234375 }, { "start": 1767.57, "end": 1767.67, "word": " for", "probability": 0.99951171875 }, { "start": 1767.67, "end": 1768.01, "word": " example,", "probability": 0.99951171875 }, { "start": 1768.99, "end": 1769.29, "word": " record", "probability": 0.998046875 }, { "start": 1769.29, "end": 1769.47, "word": " high", "probability": 0.98828125 }, { "start": 1769.47, "end": 1769.73, "word": " stock", "probability": 0.99609375 }, { "start": 1769.73, "end": 1770.19, "word": " prices", "probability": 0.99853515625 }, { "start": 1770.19, "end": 1770.33, "word": " and", "probability": 0.9853515625 }, { "start": 1770.33, "end": 1770.61, "word": " record", "probability": 0.99951171875 }, { "start": 1770.61, "end": 1770.81, "word": " low", "probability": 0.99267578125 }, { "start": 1770.81, "end": 1771.17, "word": " consumer", "probability": 0.99853515625 } ] }, { "start": 1771.17, "end": 1775.79, "text": "sentiment, which we touched on for a period of time. Now we're off the ultimate lows,", "avg_logprob": -0.10064338410601896, "no_speech_prob": 0.0, "words": [ { "start": 1771.17, "end": 1771.61, "word": " sentiment,", "probability": 0.998046875 }, { "start": 1771.79, "end": 1772.09, "word": " which", "probability": 0.9990234375 }, { "start": 1772.09, "end": 1772.19, "word": " we", "probability": 0.99951171875 }, { "start": 1772.19, "end": 1772.41, "word": " touched", "probability": 0.99755859375 }, { "start": 1772.41, "end": 1772.61, "word": " on", "probability": 0.99951171875 }, { "start": 1772.61, "end": 1772.75, "word": " for", "probability": 0.9990234375 }, { "start": 1772.75, "end": 1772.85, "word": " a", "probability": 0.99951171875 }, { "start": 1772.85, "end": 1772.99, "word": " period", "probability": 0.99951171875 }, { "start": 1772.99, "end": 1773.11, "word": " of", "probability": 0.99951171875 }, { "start": 1773.11, "end": 1773.41, "word": " time.", "probability": 1.0 }, { "start": 1773.81, "end": 1774.25, "word": " Now", "probability": 0.90673828125 }, { "start": 1774.25, "end": 1774.75, "word": " we're", "probability": 0.857421875 }, { "start": 1774.75, "end": 1774.97, "word": " off", "probability": 0.99365234375 }, { "start": 1774.97, "end": 1775.09, "word": " the", "probability": 0.998046875 }, { "start": 1775.09, "end": 1775.41, "word": " ultimate", "probability": 0.99658203125 }, { "start": 1775.41, "end": 1775.79, "word": " lows,", "probability": 0.99853515625 } ] }, { "start": 1775.81, "end": 1782.67, "text": "but you still have this unusually big divide between asset holders, deficit recipients,", "avg_logprob": -0.10064338410601896, "no_speech_prob": 0.0, "words": [ { "start": 1775.81, "end": 1776.01, "word": " but", "probability": 0.99853515625 }, { "start": 1776.01, "end": 1776.43, "word": " you", "probability": 0.9873046875 }, { "start": 1776.43, "end": 1776.75, "word": " still", "probability": 0.96923828125 }, { "start": 1776.75, "end": 1776.87, "word": " have", "probability": 0.998046875 }, { "start": 1776.87, "end": 1776.99, "word": " this", "probability": 0.99853515625 }, { "start": 1776.99, "end": 1777.49, "word": " unusually", "probability": 0.99951171875 }, { "start": 1777.49, "end": 1777.73, "word": " big", "probability": 0.99951171875 }, { "start": 1777.73, "end": 1778.23, "word": " divide", "probability": 0.99951171875 }, { "start": 1778.23, "end": 1779.03, "word": " between", "probability": 0.9951171875 }, { "start": 1779.03, "end": 1780.15, "word": " asset", "probability": 0.9970703125 }, { "start": 1780.15, "end": 1780.65, "word": " holders,", "probability": 0.970703125 }, { "start": 1780.99, "end": 1781.73, "word": " deficit", "probability": 0.99072265625 }, { "start": 1781.73, "end": 1782.67, "word": " recipients,", "probability": 0.98828125 } ] }, { "start": 1783.21, "end": 1786.95, "text": "And non-asset holders and, you know, not deficit recipients.", "avg_logprob": -0.1627197302877903, "no_speech_prob": 0.0, "words": [ { "start": 1783.21, "end": 1783.53, "word": " And", "probability": 0.35009765625 }, { "start": 1783.53, "end": 1783.87, "word": " non", "probability": 0.9775390625 }, { "start": 1783.87, "end": 1784.21, "word": "-asset", "probability": 0.83935546875 }, { "start": 1784.21, "end": 1784.51, "word": " holders", "probability": 0.994140625 }, { "start": 1784.51, "end": 1784.81, "word": " and,", "probability": 0.9130859375 }, { "start": 1784.81, "end": 1785.57, "word": " you", "probability": 0.9580078125 }, { "start": 1785.57, "end": 1785.63, "word": " know,", "probability": 1.0 }, { "start": 1785.73, "end": 1785.91, "word": " not", "probability": 0.9990234375 }, { "start": 1785.91, "end": 1786.45, "word": " deficit", "probability": 0.990234375 }, { "start": 1786.45, "end": 1786.95, "word": " recipients.", "probability": 1.0 } ] }, { "start": 1787.13, "end": 1790.47, "text": "And I think that's, it's just, it's a mess, I think.", "avg_logprob": -0.1627197302877903, "no_speech_prob": 0.0, "words": [ { "start": 1787.13, "end": 1787.17, "word": " And", "probability": 0.99853515625 }, { "start": 1787.17, "end": 1787.27, "word": " I", "probability": 0.9990234375 }, { "start": 1787.27, "end": 1787.37, "word": " think", "probability": 1.0 }, { "start": 1787.37, "end": 1787.63, "word": " that's,", "probability": 0.930419921875 }, { "start": 1787.71, "end": 1787.87, "word": " it's", "probability": 1.0 }, { "start": 1787.87, "end": 1788.03, "word": " just,", "probability": 0.9921875 }, { "start": 1788.15, "end": 1789.39, "word": " it's", "probability": 0.98828125 }, { "start": 1789.39, "end": 1789.51, "word": " a", "probability": 1.0 }, { "start": 1789.51, "end": 1789.81, "word": " mess,", "probability": 1.0 }, { "start": 1789.81, "end": 1790.13, "word": " I", "probability": 1.0 }, { "start": 1790.13, "end": 1790.47, "word": " think.", "probability": 1.0 } ] }, { "start": 1790.59, "end": 1791.59, "text": "And it does concern me.", "avg_logprob": -0.1627197302877903, "no_speech_prob": 0.0, "words": [ { "start": 1790.59, "end": 1790.61, "word": " And", "probability": 0.95703125 }, { "start": 1790.61, "end": 1790.91, "word": " it", "probability": 0.99951171875 }, { "start": 1790.91, "end": 1791.09, "word": " does", "probability": 1.0 }, { "start": 1791.09, "end": 1791.43, "word": " concern", "probability": 1.0 }, { "start": 1791.43, "end": 1791.59, "word": " me.", "probability": 1.0 } ] }, { "start": 1792.09, "end": 1793.15, "text": "Yeah, it's a mess.", "avg_logprob": -0.1627197302877903, "no_speech_prob": 0.0, "words": [ { "start": 1792.09, "end": 1792.31, "word": " Yeah,", "probability": 0.99462890625 }, { "start": 1792.45, "end": 1792.79, "word": " it's", "probability": 1.0 }, { "start": 1792.79, "end": 1792.91, "word": " a", "probability": 1.0 }, { "start": 1792.91, "end": 1793.15, "word": " mess.", "probability": 1.0 } ] }, { "start": 1793.27, "end": 1799.57, "text": "And I feel like this is, you know, back to your point about sort of the lack of information.", "avg_logprob": -0.1627197302877903, "no_speech_prob": 0.0, "words": [ { "start": 1793.27, "end": 1793.33, "word": " And", "probability": 0.9931640625 }, { "start": 1793.33, "end": 1793.99, "word": " I", "probability": 1.0 }, { "start": 1793.99, "end": 1794.29, "word": " feel", "probability": 1.0 }, { "start": 1794.29, "end": 1794.47, "word": " like", "probability": 1.0 }, { "start": 1794.47, "end": 1794.67, "word": " this", "probability": 1.0 }, { "start": 1794.67, "end": 1794.89, "word": " is,", "probability": 1.0 }, { "start": 1795.03, "end": 1795.09, "word": " you", "probability": 0.9970703125 }, { "start": 1795.09, "end": 1795.17, "word": " know,", "probability": 1.0 }, { "start": 1795.19, "end": 1795.39, "word": " back", "probability": 0.998046875 }, { "start": 1795.39, "end": 1795.51, "word": " to", "probability": 1.0 }, { "start": 1795.51, "end": 1795.61, "word": " your", "probability": 1.0 }, { "start": 1795.61, "end": 1795.81, "word": " point", "probability": 1.0 }, { "start": 1795.81, "end": 1796.13, "word": " about", "probability": 0.99951171875 }, { "start": 1796.13, "end": 1796.43, "word": " sort", "probability": 0.99462890625 }, { "start": 1796.43, "end": 1796.55, "word": " of", "probability": 1.0 }, { "start": 1796.55, "end": 1796.99, "word": " the", "probability": 0.99951171875 }, { "start": 1796.99, "end": 1798.91, "word": " lack", "probability": 0.93505859375 }, { "start": 1798.91, "end": 1799.17, "word": " of", "probability": 1.0 }, { "start": 1799.17, "end": 1799.57, "word": " information.", "probability": 1.0 } ] }, { "start": 1799.85, "end": 1809.27, "text": "We're kind of going back down in information because if you are, have any young people in your life, like this is incredibly apparent to you.", "avg_logprob": -0.1627197302877903, "no_speech_prob": 0.0, "words": [ { "start": 1799.85, "end": 1799.87, "word": " We're", "probability": 0.998291015625 }, { "start": 1799.87, "end": 1799.99, "word": " kind", "probability": 0.99951171875 }, { "start": 1799.99, "end": 1800.07, "word": " of", "probability": 1.0 }, { "start": 1800.07, "end": 1800.29, "word": " going", "probability": 1.0 }, { "start": 1800.29, "end": 1800.51, "word": " back", "probability": 1.0 }, { "start": 1800.51, "end": 1800.95, "word": " down", "probability": 1.0 }, { "start": 1800.95, "end": 1801.11, "word": " in", "probability": 0.99951171875 }, { "start": 1801.11, "end": 1801.63, "word": " information", "probability": 1.0 }, { "start": 1801.63, "end": 1802.01, "word": " because", "probability": 0.7841796875 }, { "start": 1802.01, "end": 1803.15, "word": " if", "probability": 0.99951171875 }, { "start": 1803.15, "end": 1803.73, "word": " you", "probability": 1.0 }, { "start": 1803.73, "end": 1804.87, "word": " are,", "probability": 0.54638671875 }, { "start": 1805.09, "end": 1805.69, "word": " have", "probability": 0.9990234375 }, { "start": 1805.69, "end": 1805.87, "word": " any", "probability": 0.99560546875 }, { "start": 1805.87, "end": 1806.13, "word": " young", "probability": 1.0 }, { "start": 1806.13, "end": 1806.49, "word": " people", "probability": 1.0 }, { "start": 1806.49, "end": 1806.67, "word": " in", "probability": 1.0 }, { "start": 1806.67, "end": 1806.81, "word": " your", "probability": 1.0 }, { "start": 1806.81, "end": 1807.13, "word": " life,", "probability": 1.0 }, { "start": 1807.29, "end": 1807.37, "word": " like", "probability": 0.99560546875 }, { "start": 1807.37, "end": 1807.61, "word": " this", "probability": 0.81494140625 }, { "start": 1807.61, "end": 1807.79, "word": " is", "probability": 1.0 }, { "start": 1807.79, "end": 1808.47, "word": " incredibly", "probability": 1.0 }, { "start": 1808.47, "end": 1808.89, "word": " apparent", "probability": 1.0 }, { "start": 1808.89, "end": 1809.11, "word": " to", "probability": 1.0 }, { "start": 1809.11, "end": 1809.27, "word": " you.", "probability": 1.0 } ] }, { "start": 1809.49, "end": 1812.75, "text": "You know, I have college age kids and it's the level.", "avg_logprob": -0.1627197302877903, "no_speech_prob": 0.0, "words": [ { "start": 1809.49, "end": 1809.53, "word": " You", "probability": 0.958984375 }, { "start": 1809.53, "end": 1809.67, "word": " know,", "probability": 1.0 }, { "start": 1809.85, "end": 1810.01, "word": " I", "probability": 1.0 }, { "start": 1810.01, "end": 1810.17, "word": " have", "probability": 1.0 }, { "start": 1810.17, "end": 1810.81, "word": " college", "probability": 0.890625 }, { "start": 1810.81, "end": 1811.11, "word": " age", "probability": 0.385009765625 }, { "start": 1811.11, "end": 1811.49, "word": " kids", "probability": 1.0 }, { "start": 1811.49, "end": 1811.73, "word": " and", "probability": 0.9833984375 }, { "start": 1811.73, "end": 1811.97, "word": " it's", "probability": 0.998291015625 }, { "start": 1811.97, "end": 1812.31, "word": " the", "probability": 0.99853515625 }, { "start": 1812.31, "end": 1812.75, "word": " level.", "probability": 0.99853515625 } ] }, { "start": 1812.75, "end": 1821.97, "text": "And people like to say they're sort of anxious. No, they're not. They're accurately looking at what's going on and the fact that they're getting screwed and they're very concerned about the future.", "avg_logprob": -0.07489224125085206, "no_speech_prob": 0.0, "words": [ { "start": 1812.75, "end": 1813.11, "word": " And", "probability": 0.62451171875 }, { "start": 1813.11, "end": 1813.33, "word": " people", "probability": 0.99853515625 }, { "start": 1813.33, "end": 1813.49, "word": " like", "probability": 1.0 }, { "start": 1813.49, "end": 1813.59, "word": " to", "probability": 1.0 }, { "start": 1813.59, "end": 1813.71, "word": " say", "probability": 1.0 }, { "start": 1813.71, "end": 1813.85, "word": " they're", "probability": 0.993408203125 }, { "start": 1813.85, "end": 1813.95, "word": " sort", "probability": 0.990234375 }, { "start": 1813.95, "end": 1814.03, "word": " of", "probability": 0.99951171875 }, { "start": 1814.03, "end": 1814.41, "word": " anxious.", "probability": 1.0 }, { "start": 1814.67, "end": 1815.07, "word": " No,", "probability": 0.744140625 }, { "start": 1815.13, "end": 1815.21, "word": " they're", "probability": 0.999755859375 }, { "start": 1815.21, "end": 1815.41, "word": " not.", "probability": 1.0 }, { "start": 1815.85, "end": 1816.25, "word": " They're", "probability": 0.6527099609375 }, { "start": 1816.25, "end": 1817.09, "word": " accurately", "probability": 0.99951171875 }, { "start": 1817.09, "end": 1817.49, "word": " looking", "probability": 1.0 }, { "start": 1817.49, "end": 1817.69, "word": " at", "probability": 1.0 }, { "start": 1817.69, "end": 1817.91, "word": " what's", "probability": 1.0 }, { "start": 1817.91, "end": 1818.15, "word": " going", "probability": 1.0 }, { "start": 1818.15, "end": 1818.55, "word": " on", "probability": 1.0 }, { "start": 1818.55, "end": 1819.01, "word": " and", "probability": 0.90283203125 }, { "start": 1819.01, "end": 1819.11, "word": " the", "probability": 1.0 }, { "start": 1819.11, "end": 1819.27, "word": " fact", "probability": 1.0 }, { "start": 1819.27, "end": 1819.41, "word": " that", "probability": 1.0 }, { "start": 1819.41, "end": 1819.53, "word": " they're", "probability": 1.0 }, { "start": 1819.53, "end": 1819.69, "word": " getting", "probability": 1.0 }, { "start": 1819.69, "end": 1820.19, "word": " screwed", "probability": 1.0 }, { "start": 1820.19, "end": 1820.55, "word": " and", "probability": 0.75927734375 }, { "start": 1820.55, "end": 1820.71, "word": " they're", "probability": 1.0 }, { "start": 1820.71, "end": 1821.01, "word": " very", "probability": 1.0 }, { "start": 1821.01, "end": 1821.35, "word": " concerned", "probability": 1.0 }, { "start": 1821.35, "end": 1821.49, "word": " about", "probability": 1.0 }, { "start": 1821.49, "end": 1821.63, "word": " the", "probability": 1.0 }, { "start": 1821.63, "end": 1821.97, "word": " future.", "probability": 1.0 } ] }, { "start": 1822.27, "end": 1830.63, "text": "But you talk to other people and depending on what space you're in, the media that they're getting directed at them and the messaging, the campaign ads, this is not reality.", "avg_logprob": -0.07489224125085206, "no_speech_prob": 0.0, "words": [ { "start": 1822.27, "end": 1822.67, "word": " But", "probability": 0.99853515625 }, { "start": 1822.67, "end": 1823.05, "word": " you", "probability": 0.9921875 }, { "start": 1823.05, "end": 1823.25, "word": " talk", "probability": 0.99951171875 }, { "start": 1823.25, "end": 1823.35, "word": " to", "probability": 1.0 }, { "start": 1823.35, "end": 1823.49, "word": " other", "probability": 1.0 }, { "start": 1823.49, "end": 1823.83, "word": " people", "probability": 1.0 }, { "start": 1823.83, "end": 1824.03, "word": " and", "probability": 0.82861328125 }, { "start": 1824.03, "end": 1824.29, "word": " depending", "probability": 0.99951171875 }, { "start": 1824.29, "end": 1824.45, "word": " on", "probability": 1.0 }, { "start": 1824.45, "end": 1824.57, "word": " what", "probability": 1.0 }, { "start": 1824.57, "end": 1824.81, "word": " space", "probability": 1.0 }, { "start": 1824.81, "end": 1824.97, "word": " you're", "probability": 0.99951171875 }, { "start": 1824.97, "end": 1825.03, "word": " in,", "probability": 1.0 }, { "start": 1825.09, "end": 1825.19, "word": " the", "probability": 0.86328125 }, { "start": 1825.19, "end": 1825.47, "word": " media", "probability": 0.99951171875 }, { "start": 1825.47, "end": 1825.65, "word": " that", "probability": 0.96484375 }, { "start": 1825.65, "end": 1825.83, "word": " they're", "probability": 1.0 }, { "start": 1825.83, "end": 1826.11, "word": " getting", "probability": 1.0 }, { "start": 1826.11, "end": 1826.45, "word": " directed", "probability": 1.0 }, { "start": 1826.45, "end": 1826.65, "word": " at", "probability": 1.0 }, { "start": 1826.65, "end": 1826.91, "word": " them", "probability": 0.99951171875 }, { "start": 1826.91, "end": 1827.01, "word": " and", "probability": 0.9541015625 }, { "start": 1827.01, "end": 1827.09, "word": " the", "probability": 1.0 }, { "start": 1827.09, "end": 1827.55, "word": " messaging,", "probability": 0.99951171875 }, { "start": 1827.83, "end": 1828.07, "word": " the", "probability": 1.0 }, { "start": 1828.07, "end": 1828.49, "word": " campaign", "probability": 1.0 }, { "start": 1828.49, "end": 1828.91, "word": " ads,", "probability": 1.0 }, { "start": 1829.09, "end": 1829.49, "word": " this", "probability": 0.56201171875 }, { "start": 1829.49, "end": 1830.01, "word": " is", "probability": 1.0 }, { "start": 1830.01, "end": 1830.15, "word": " not", "probability": 0.9990234375 }, { "start": 1830.15, "end": 1830.63, "word": " reality.", "probability": 1.0 } ] }, { "start": 1830.91, "end": 1837.61, "text": "And I talked to Mike Green one time and one of his concerns was that rich people aren't even in shared spaces with other folks now.", "avg_logprob": -0.07489224125085206, "no_speech_prob": 0.0, "words": [ { "start": 1830.91, "end": 1831.13, "word": " And", "probability": 0.99365234375 }, { "start": 1831.13, "end": 1831.21, "word": " I", "probability": 1.0 }, { "start": 1831.21, "end": 1831.35, "word": " talked", "probability": 1.0 }, { "start": 1831.35, "end": 1831.45, "word": " to", "probability": 1.0 }, { "start": 1831.45, "end": 1831.61, "word": " Mike", "probability": 0.99951171875 }, { "start": 1831.61, "end": 1831.77, "word": " Green", "probability": 0.97314453125 }, { "start": 1831.77, "end": 1831.93, "word": " one", "probability": 0.99951171875 }, { "start": 1831.93, "end": 1832.11, "word": " time", "probability": 1.0 }, { "start": 1832.11, "end": 1832.27, "word": " and", "probability": 0.9306640625 }, { "start": 1832.27, "end": 1832.37, "word": " one", "probability": 1.0 }, { "start": 1832.37, "end": 1832.45, "word": " of", "probability": 1.0 }, { "start": 1832.45, "end": 1832.57, "word": " his", "probability": 1.0 }, { "start": 1832.57, "end": 1832.91, "word": " concerns", "probability": 1.0 }, { "start": 1832.91, "end": 1833.13, "word": " was", "probability": 1.0 }, { "start": 1833.13, "end": 1833.29, "word": " that", "probability": 0.99951171875 }, { "start": 1833.29, "end": 1833.93, "word": " rich", "probability": 0.93212890625 }, { "start": 1833.93, "end": 1834.19, "word": " people", "probability": 1.0 }, { "start": 1834.19, "end": 1834.41, "word": " aren't", "probability": 1.0 }, { "start": 1834.41, "end": 1834.55, "word": " even", "probability": 1.0 }, { "start": 1834.55, "end": 1834.89, "word": " in", "probability": 0.97265625 }, { "start": 1834.89, "end": 1835.19, "word": " shared", "probability": 0.998046875 }, { "start": 1835.19, "end": 1835.73, "word": " spaces", "probability": 0.99853515625 }, { "start": 1835.73, "end": 1836.51, "word": " with", "probability": 0.99853515625 }, { "start": 1836.51, "end": 1836.79, "word": " other", "probability": 1.0 }, { "start": 1836.79, "end": 1837.35, "word": " folks", "probability": 1.0 }, { "start": 1837.35, "end": 1837.61, "word": " now.", "probability": 0.99853515625 } ] }, { "start": 1837.61, "end": 1852.23, "text": "Like that's a big change, you know, that sort of, you're not even crossing over and seeing anyone else's reality. So I think that, you know, pointing that out, I think is really concerning, but it's kind of like out there. It's like right underneath.", "avg_logprob": -0.09466552559752017, "no_speech_prob": 0.0, "words": [ { "start": 1837.61, "end": 1837.85, "word": " Like", "probability": 0.671875 }, { "start": 1837.85, "end": 1838.41, "word": " that's", "probability": 0.6209716796875 }, { "start": 1838.41, "end": 1838.67, "word": " a", "probability": 1.0 }, { "start": 1838.67, "end": 1838.91, "word": " big", "probability": 1.0 }, { "start": 1838.91, "end": 1839.39, "word": " change,", "probability": 1.0 }, { "start": 1839.59, "end": 1839.59, "word": " you", "probability": 0.93603515625 }, { "start": 1839.59, "end": 1839.67, "word": " know,", "probability": 0.9619140625 }, { "start": 1839.71, "end": 1839.83, "word": " that", "probability": 0.9912109375 }, { "start": 1839.83, "end": 1840.01, "word": " sort", "probability": 0.9921875 }, { "start": 1840.01, "end": 1840.15, "word": " of,", "probability": 1.0 }, { "start": 1840.29, "end": 1840.57, "word": " you're", "probability": 0.9990234375 }, { "start": 1840.57, "end": 1840.63, "word": " not", "probability": 0.99951171875 }, { "start": 1840.63, "end": 1840.73, "word": " even", "probability": 1.0 }, { "start": 1840.73, "end": 1841.17, "word": " crossing", "probability": 1.0 }, { "start": 1841.17, "end": 1841.57, "word": " over", "probability": 1.0 }, { "start": 1841.57, "end": 1841.93, "word": " and", "probability": 0.9990234375 }, { "start": 1841.93, "end": 1842.19, "word": " seeing", "probability": 1.0 }, { "start": 1842.19, "end": 1842.43, "word": " anyone", "probability": 1.0 }, { "start": 1842.43, "end": 1842.75, "word": " else's", "probability": 0.99365234375 }, { "start": 1842.75, "end": 1843.19, "word": " reality.", "probability": 1.0 }, { "start": 1843.43, "end": 1843.89, "word": " So", "probability": 0.99951171875 }, { "start": 1843.89, "end": 1844.19, "word": " I", "probability": 0.970703125 }, { "start": 1844.19, "end": 1844.57, "word": " think", "probability": 0.9990234375 }, { "start": 1844.57, "end": 1844.91, "word": " that,", "probability": 1.0 }, { "start": 1845.01, "end": 1845.35, "word": " you", "probability": 0.99951171875 }, { "start": 1845.35, "end": 1845.41, "word": " know,", "probability": 1.0 }, { "start": 1845.55, "end": 1845.77, "word": " pointing", "probability": 1.0 }, { "start": 1845.77, "end": 1846.01, "word": " that", "probability": 1.0 }, { "start": 1846.01, "end": 1846.37, "word": " out,", "probability": 1.0 }, { "start": 1846.39, "end": 1846.67, "word": " I", "probability": 1.0 }, { "start": 1846.67, "end": 1846.83, "word": " think", "probability": 1.0 }, { "start": 1846.83, "end": 1847.07, "word": " is", "probability": 0.95263671875 }, { "start": 1847.07, "end": 1848.29, "word": " really", "probability": 0.97216796875 }, { "start": 1848.29, "end": 1848.87, "word": " concerning,", "probability": 1.0 }, { "start": 1848.87, "end": 1849.91, "word": " but", "probability": 1.0 }, { "start": 1849.91, "end": 1850.07, "word": " it's", "probability": 1.0 }, { "start": 1850.07, "end": 1850.25, "word": " kind", "probability": 1.0 }, { "start": 1850.25, "end": 1850.37, "word": " of", "probability": 1.0 }, { "start": 1850.37, "end": 1850.51, "word": " like", "probability": 0.99609375 }, { "start": 1850.51, "end": 1850.79, "word": " out", "probability": 0.99951171875 }, { "start": 1850.79, "end": 1851.01, "word": " there.", "probability": 1.0 }, { "start": 1851.13, "end": 1851.45, "word": " It's", "probability": 0.999755859375 }, { "start": 1851.45, "end": 1851.59, "word": " like", "probability": 0.9970703125 }, { "start": 1851.59, "end": 1851.85, "word": " right", "probability": 1.0 }, { "start": 1851.85, "end": 1852.23, "word": " underneath.", "probability": 1.0 } ] }, { "start": 1852.23, "end": 1857.61, "text": "And I'm wondering and worrying when that flips to anger, when that anxiety flips to anger.", "avg_logprob": -0.11066060409515718, "no_speech_prob": 0.0, "words": [ { "start": 1852.23, "end": 1852.51, "word": " And", "probability": 0.86572265625 }, { "start": 1852.51, "end": 1852.79, "word": " I'm", "probability": 0.999755859375 }, { "start": 1852.79, "end": 1853.71, "word": " wondering", "probability": 0.958984375 }, { "start": 1853.71, "end": 1853.93, "word": " and", "probability": 0.998046875 }, { "start": 1853.93, "end": 1854.23, "word": " worrying", "probability": 0.9970703125 }, { "start": 1854.23, "end": 1854.81, "word": " when", "probability": 0.9990234375 }, { "start": 1854.81, "end": 1855.05, "word": " that", "probability": 1.0 }, { "start": 1855.05, "end": 1855.49, "word": " flips", "probability": 0.99853515625 }, { "start": 1855.49, "end": 1855.69, "word": " to", "probability": 1.0 }, { "start": 1855.69, "end": 1856.01, "word": " anger,", "probability": 1.0 }, { "start": 1856.15, "end": 1856.19, "word": " when", "probability": 1.0 }, { "start": 1856.19, "end": 1856.29, "word": " that", "probability": 0.99951171875 }, { "start": 1856.29, "end": 1856.69, "word": " anxiety", "probability": 1.0 }, { "start": 1856.69, "end": 1857.07, "word": " flips", "probability": 0.99951171875 }, { "start": 1857.07, "end": 1857.27, "word": " to", "probability": 1.0 }, { "start": 1857.27, "end": 1857.61, "word": " anger.", "probability": 1.0 } ] }, { "start": 1857.79, "end": 1868.49, "text": "I think the midterms are going to be really interesting to see whether folks decide to vote on that or whether they just have given up on the systems and the process altogether, which carries its own risk, I think.", "avg_logprob": -0.11066060409515718, "no_speech_prob": 0.0, "words": [ { "start": 1857.79, "end": 1857.95, "word": " I", "probability": 0.99853515625 }, { "start": 1857.95, "end": 1858.05, "word": " think", "probability": 1.0 }, { "start": 1858.05, "end": 1858.15, "word": " the", "probability": 1.0 }, { "start": 1858.15, "end": 1858.51, "word": " midterms", "probability": 0.9998372395833334 }, { "start": 1858.51, "end": 1858.63, "word": " are", "probability": 1.0 }, { "start": 1858.63, "end": 1858.71, "word": " going", "probability": 0.93408203125 }, { "start": 1858.71, "end": 1858.75, "word": " to", "probability": 1.0 }, { "start": 1858.75, "end": 1858.85, "word": " be", "probability": 1.0 }, { "start": 1858.85, "end": 1859.03, "word": " really", "probability": 1.0 }, { "start": 1859.03, "end": 1859.47, "word": " interesting", "probability": 1.0 }, { "start": 1859.47, "end": 1859.71, "word": " to", "probability": 1.0 }, { "start": 1859.71, "end": 1859.93, "word": " see", "probability": 1.0 }, { "start": 1859.93, "end": 1860.23, "word": " whether", "probability": 1.0 }, { "start": 1860.23, "end": 1861.13, "word": " folks", "probability": 1.0 }, { "start": 1861.13, "end": 1861.65, "word": " decide", "probability": 1.0 }, { "start": 1861.65, "end": 1861.85, "word": " to", "probability": 1.0 }, { "start": 1861.85, "end": 1862.13, "word": " vote", "probability": 1.0 }, { "start": 1862.13, "end": 1862.37, "word": " on", "probability": 1.0 }, { "start": 1862.37, "end": 1862.59, "word": " that", "probability": 1.0 }, { "start": 1862.59, "end": 1862.75, "word": " or", "probability": 0.962890625 }, { "start": 1862.75, "end": 1862.97, "word": " whether", "probability": 1.0 }, { "start": 1862.97, "end": 1863.11, "word": " they", "probability": 1.0 }, { "start": 1863.11, "end": 1863.29, "word": " just", "probability": 1.0 }, { "start": 1863.29, "end": 1863.45, "word": " have", "probability": 1.0 }, { "start": 1863.45, "end": 1863.63, "word": " given", "probability": 1.0 }, { "start": 1863.63, "end": 1863.83, "word": " up", "probability": 1.0 }, { "start": 1863.83, "end": 1863.97, "word": " on", "probability": 1.0 }, { "start": 1863.97, "end": 1864.09, "word": " the", "probability": 1.0 }, { "start": 1864.09, "end": 1864.47, "word": " systems", "probability": 1.0 }, { "start": 1864.47, "end": 1864.71, "word": " and", "probability": 1.0 }, { "start": 1864.71, "end": 1865.29, "word": " the", "probability": 1.0 }, { "start": 1865.29, "end": 1865.73, "word": " process", "probability": 0.986328125 }, { "start": 1865.73, "end": 1866.21, "word": " altogether,", "probability": 0.9990234375 }, { "start": 1866.21, "end": 1867.15, "word": " which", "probability": 1.0 }, { "start": 1867.15, "end": 1867.53, "word": " carries", "probability": 1.0 }, { "start": 1867.53, "end": 1867.71, "word": " its", "probability": 1.0 }, { "start": 1867.71, "end": 1867.87, "word": " own", "probability": 1.0 }, { "start": 1867.87, "end": 1868.13, "word": " risk,", "probability": 1.0 }, { "start": 1868.23, "end": 1868.29, "word": " I", "probability": 1.0 }, { "start": 1868.29, "end": 1868.49, "word": " think.", "probability": 1.0 } ] }, { "start": 1868.71, "end": 1871.81, "text": "You're doing something really interesting.", "avg_logprob": -0.11066060409515718, "no_speech_prob": 0.0, "words": [ { "start": 1868.71, "end": 1869.07, "word": " You're", "probability": 0.99853515625 }, { "start": 1869.07, "end": 1869.35, "word": " doing", "probability": 1.0 }, { "start": 1869.35, "end": 1870.89, "word": " something", "probability": 0.98876953125 }, { "start": 1870.89, "end": 1871.19, "word": " really", "probability": 1.0 }, { "start": 1871.19, "end": 1871.81, "word": " interesting.", "probability": 1.0 } ] }, { "start": 1871.81, "end": 1877.17, "text": "um so can we remain on that path first of all before i ask you about this can we remain on a", "avg_logprob": -0.06089638330434498, "no_speech_prob": 0.0, "words": [ { "start": 1871.81, "end": 1872.29, "word": " um", "probability": 0.00408935546875 }, { "start": 1872.29, "end": 1873.49, "word": " so", "probability": 0.7451171875 }, { "start": 1873.49, "end": 1873.67, "word": " can", "probability": 1.0 }, { "start": 1873.67, "end": 1873.83, "word": " we", "probability": 1.0 }, { "start": 1873.83, "end": 1874.23, "word": " remain", "probability": 1.0 }, { "start": 1874.23, "end": 1874.51, "word": " on", "probability": 1.0 }, { "start": 1874.51, "end": 1874.69, "word": " that", "probability": 1.0 }, { "start": 1874.69, "end": 1874.99, "word": " path", "probability": 1.0 }, { "start": 1874.99, "end": 1875.27, "word": " first", "probability": 0.9970703125 }, { "start": 1875.27, "end": 1875.39, "word": " of", "probability": 1.0 }, { "start": 1875.39, "end": 1875.49, "word": " all", "probability": 1.0 }, { "start": 1875.49, "end": 1875.69, "word": " before", "probability": 0.99853515625 }, { "start": 1875.69, "end": 1875.77, "word": " i", "probability": 0.63671875 }, { "start": 1875.77, "end": 1875.93, "word": " ask", "probability": 0.98291015625 }, { "start": 1875.93, "end": 1875.99, "word": " you", "probability": 0.6474609375 }, { "start": 1875.99, "end": 1876.05, "word": " about", "probability": 0.99853515625 }, { "start": 1876.05, "end": 1876.17, "word": " this", "probability": 1.0 }, { "start": 1876.17, "end": 1876.49, "word": " can", "probability": 0.99951171875 }, { "start": 1876.49, "end": 1876.59, "word": " we", "probability": 1.0 }, { "start": 1876.59, "end": 1876.91, "word": " remain", "probability": 0.99951171875 }, { "start": 1876.91, "end": 1877.07, "word": " on", "probability": 1.0 }, { "start": 1877.07, "end": 1877.17, "word": " a", "probability": 0.9990234375 } ] }, { "start": 1877.17, "end": 1885.25, "text": "path where the economy the consumer generationally things are so bifurcated um is that sustainable", "avg_logprob": -0.06089638330434498, "no_speech_prob": 0.0, "words": [ { "start": 1877.17, "end": 1877.47, "word": " path", "probability": 0.9990234375 }, { "start": 1877.47, "end": 1878.01, "word": " where", "probability": 1.0 }, { "start": 1878.01, "end": 1878.39, "word": " the", "probability": 1.0 }, { "start": 1878.39, "end": 1878.99, "word": " economy", "probability": 0.99951171875 }, { "start": 1878.99, "end": 1879.27, "word": " the", "probability": 0.99853515625 }, { "start": 1879.27, "end": 1879.91, "word": " consumer", "probability": 1.0 }, { "start": 1879.91, "end": 1881.51, "word": " generationally", "probability": 0.99951171875 }, { "start": 1881.51, "end": 1882.25, "word": " things", "probability": 1.0 }, { "start": 1882.25, "end": 1882.41, "word": " are", "probability": 1.0 }, { "start": 1882.41, "end": 1882.59, "word": " so", "probability": 1.0 }, { "start": 1882.59, "end": 1883.37, "word": " bifurcated", "probability": 0.9998046875 }, { "start": 1883.37, "end": 1884.01, "word": " um", "probability": 0.99755859375 }, { "start": 1884.01, "end": 1884.49, "word": " is", "probability": 1.0 }, { "start": 1884.49, "end": 1884.65, "word": " that", "probability": 1.0 }, { "start": 1884.65, "end": 1885.25, "word": " sustainable", "probability": 1.0 } ] }, { "start": 1885.25, "end": 1892.43, "text": "can we live in this like sort of two two-tier economy for a long period of time or does this", "avg_logprob": -0.06089638330434498, "no_speech_prob": 0.0, "words": [ { "start": 1885.25, "end": 1885.55, "word": " can", "probability": 0.9990234375 }, { "start": 1885.55, "end": 1885.73, "word": " we", "probability": 0.99951171875 }, { "start": 1885.73, "end": 1885.99, "word": " live", "probability": 1.0 }, { "start": 1885.99, "end": 1886.13, "word": " in", "probability": 0.99951171875 }, { "start": 1886.13, "end": 1886.29, "word": " this", "probability": 0.9990234375 }, { "start": 1886.29, "end": 1886.45, "word": " like", "probability": 0.98583984375 }, { "start": 1886.45, "end": 1886.63, "word": " sort", "probability": 0.9501953125 }, { "start": 1886.63, "end": 1886.79, "word": " of", "probability": 0.99951171875 }, { "start": 1886.79, "end": 1887.09, "word": " two", "probability": 0.99560546875 }, { "start": 1887.09, "end": 1887.45, "word": " two", "probability": 0.96923828125 }, { "start": 1887.45, "end": 1887.71, "word": "-tier", "probability": 0.85400390625 }, { "start": 1887.71, "end": 1888.25, "word": " economy", "probability": 1.0 }, { "start": 1888.25, "end": 1889.85, "word": " for", "probability": 0.99951171875 }, { "start": 1889.85, "end": 1890.51, "word": " a", "probability": 1.0 }, { "start": 1890.51, "end": 1890.77, "word": " long", "probability": 1.0 }, { "start": 1890.77, "end": 1890.99, "word": " period", "probability": 1.0 }, { "start": 1890.99, "end": 1891.13, "word": " of", "probability": 0.99951171875 }, { "start": 1891.13, "end": 1891.47, "word": " time", "probability": 1.0 }, { "start": 1891.47, "end": 1891.81, "word": " or", "probability": 1.0 }, { "start": 1891.81, "end": 1892.09, "word": " does", "probability": 1.0 }, { "start": 1892.09, "end": 1892.43, "word": " this", "probability": 1.0 } ] }, { "start": 1893.03, "end": 1897.09, "text": "necessarily come to a head somewhere yeah it's a good question i mean i think it can go on longer", "avg_logprob": -0.06089638330434498, "no_speech_prob": 0.0, "words": [ { "start": 1893.03, "end": 1893.51, "word": " necessarily", "probability": 1.0 }, { "start": 1893.51, "end": 1893.99, "word": " come", "probability": 1.0 }, { "start": 1893.99, "end": 1894.15, "word": " to", "probability": 0.99951171875 }, { "start": 1894.15, "end": 1894.29, "word": " a", "probability": 0.998046875 }, { "start": 1894.29, "end": 1894.41, "word": " head", "probability": 0.9990234375 }, { "start": 1894.41, "end": 1894.77, "word": " somewhere", "probability": 1.0 }, { "start": 1894.77, "end": 1895.25, "word": " yeah", "probability": 0.998046875 }, { "start": 1895.25, "end": 1895.37, "word": " it's", "probability": 0.947998046875 }, { "start": 1895.37, "end": 1895.41, "word": " a", "probability": 0.99853515625 }, { "start": 1895.41, "end": 1895.49, "word": " good", "probability": 0.99609375 }, { "start": 1895.49, "end": 1895.75, "word": " question", "probability": 0.99951171875 }, { "start": 1895.75, "end": 1895.91, "word": " i", "probability": 0.99658203125 }, { "start": 1895.91, "end": 1895.93, "word": " mean", "probability": 0.99169921875 }, { "start": 1895.93, "end": 1896.15, "word": " i", "probability": 1.0 }, { "start": 1896.15, "end": 1896.33, "word": " think", "probability": 1.0 }, { "start": 1896.33, "end": 1896.43, "word": " it", "probability": 0.9111328125 }, { "start": 1896.43, "end": 1896.53, "word": " can", "probability": 1.0 }, { "start": 1896.53, "end": 1896.67, "word": " go", "probability": 0.99951171875 }, { "start": 1896.67, "end": 1896.79, "word": " on", "probability": 0.99951171875 }, { "start": 1896.79, "end": 1897.09, "word": " longer", "probability": 1.0 } ] }, { "start": 1897.09, "end": 1902.15, "text": "than people think i mean the kind of entire political structure of aristocracy for example", "avg_logprob": -0.07401944833750627, "no_speech_prob": 0.0, "words": [ { "start": 1897.09, "end": 1897.23, "word": " than", "probability": 0.90576171875 }, { "start": 1897.23, "end": 1897.51, "word": " people", "probability": 0.9990234375 }, { "start": 1897.51, "end": 1897.85, "word": " think", "probability": 1.0 }, { "start": 1897.85, "end": 1897.99, "word": " i", "probability": 0.072021484375 }, { "start": 1897.99, "end": 1898.17, "word": " mean", "probability": 1.0 }, { "start": 1898.17, "end": 1898.69, "word": " the", "probability": 0.99609375 }, { "start": 1898.69, "end": 1899.07, "word": " kind", "probability": 0.98046875 }, { "start": 1899.07, "end": 1899.19, "word": " of", "probability": 1.0 }, { "start": 1899.19, "end": 1899.57, "word": " entire", "probability": 0.81494140625 }, { "start": 1899.57, "end": 1900.03, "word": " political", "probability": 1.0 }, { "start": 1900.03, "end": 1900.45, "word": " structure", "probability": 1.0 }, { "start": 1900.45, "end": 1900.69, "word": " of", "probability": 1.0 }, { "start": 1900.69, "end": 1901.53, "word": " aristocracy", "probability": 0.98291015625 }, { "start": 1901.53, "end": 1901.79, "word": " for", "probability": 1.0 }, { "start": 1901.79, "end": 1902.15, "word": " example", "probability": 0.99951171875 } ] }, { "start": 1902.15, "end": 1907.77, "text": "was able to sustain something like that for a very long period of time uh obviously that's a", "avg_logprob": -0.07401944833750627, "no_speech_prob": 0.0, "words": [ { "start": 1902.15, "end": 1902.85, "word": " was", "probability": 0.9990234375 }, { "start": 1902.85, "end": 1903.01, "word": " able", "probability": 1.0 }, { "start": 1903.01, "end": 1903.13, "word": " to", "probability": 1.0 }, { "start": 1903.13, "end": 1903.53, "word": " sustain", "probability": 0.99951171875 }, { "start": 1903.53, "end": 1903.85, "word": " something", "probability": 1.0 }, { "start": 1903.85, "end": 1904.05, "word": " like", "probability": 1.0 }, { "start": 1904.05, "end": 1904.25, "word": " that", "probability": 0.99853515625 }, { "start": 1904.25, "end": 1904.45, "word": " for", "probability": 0.99951171875 }, { "start": 1904.45, "end": 1904.55, "word": " a", "probability": 1.0 }, { "start": 1904.55, "end": 1904.69, "word": " very", "probability": 0.9892578125 }, { "start": 1904.69, "end": 1904.89, "word": " long", "probability": 1.0 }, { "start": 1904.89, "end": 1905.09, "word": " period", "probability": 1.0 }, { "start": 1905.09, "end": 1905.23, "word": " of", "probability": 1.0 }, { "start": 1905.23, "end": 1905.53, "word": " time", "probability": 1.0 }, { "start": 1905.53, "end": 1906.47, "word": " uh", "probability": 0.96484375 }, { "start": 1906.47, "end": 1907.41, "word": " obviously", "probability": 0.9970703125 }, { "start": 1907.41, "end": 1907.63, "word": " that's", "probability": 0.76904296875 }, { "start": 1907.63, "end": 1907.77, "word": " a", "probability": 0.99853515625 } ] }, { "start": 1907.77, "end": 1914.13, "text": "different era uh you know different different uh time and space um but you can absolutely have just", "avg_logprob": -0.07401944833750627, "no_speech_prob": 0.0, "words": [ { "start": 1907.77, "end": 1907.91, "word": " different", "probability": 0.99560546875 }, { "start": 1907.91, "end": 1908.25, "word": " era", "probability": 0.99951171875 }, { "start": 1908.25, "end": 1908.73, "word": " uh", "probability": 0.99560546875 }, { "start": 1908.73, "end": 1909.17, "word": " you", "probability": 0.99951171875 }, { "start": 1909.17, "end": 1909.25, "word": " know", "probability": 0.99853515625 }, { "start": 1909.25, "end": 1909.55, "word": " different", "probability": 0.9619140625 }, { "start": 1909.55, "end": 1909.93, "word": " different", "probability": 0.99462890625 }, { "start": 1909.93, "end": 1910.21, "word": " uh", "probability": 0.93798828125 }, { "start": 1910.21, "end": 1910.59, "word": " time", "probability": 1.0 }, { "start": 1910.59, "end": 1910.77, "word": " and", "probability": 0.99560546875 }, { "start": 1910.77, "end": 1911.09, "word": " space", "probability": 0.99853515625 }, { "start": 1911.09, "end": 1911.81, "word": " um", "probability": 0.99658203125 }, { "start": 1911.81, "end": 1912.61, "word": " but", "probability": 1.0 }, { "start": 1912.61, "end": 1912.79, "word": " you", "probability": 1.0 }, { "start": 1912.79, "end": 1913.03, "word": " can", "probability": 0.81982421875 }, { "start": 1913.03, "end": 1913.35, "word": " absolutely", "probability": 0.9501953125 }, { "start": 1913.35, "end": 1913.85, "word": " have", "probability": 1.0 }, { "start": 1913.85, "end": 1914.13, "word": " just", "probability": 1.0 } ] }, { "start": 1914.13, "end": 1920.41, "text": "just very different um economic realities uh obviously political structures matter differently", "avg_logprob": -0.07401944833750627, "no_speech_prob": 0.0, "words": [ { "start": 1914.13, "end": 1914.37, "word": " just", "probability": 0.99072265625 }, { "start": 1914.37, "end": 1914.83, "word": " very", "probability": 1.0 }, { "start": 1914.83, "end": 1915.37, "word": " different", "probability": 1.0 }, { "start": 1915.37, "end": 1915.95, "word": " um", "probability": 0.9716796875 }, { "start": 1915.95, "end": 1916.65, "word": " economic", "probability": 1.0 }, { "start": 1916.65, "end": 1917.13, "word": " realities", "probability": 1.0 }, { "start": 1917.13, "end": 1917.85, "word": " uh", "probability": 0.67822265625 }, { "start": 1917.85, "end": 1918.21, "word": " obviously", "probability": 0.99951171875 }, { "start": 1918.21, "end": 1918.67, "word": " political", "probability": 0.99951171875 }, { "start": 1918.67, "end": 1919.23, "word": " structures", "probability": 0.9990234375 }, { "start": 1919.23, "end": 1919.85, "word": " matter", "probability": 1.0 }, { "start": 1919.85, "end": 1920.41, "word": " differently", "probability": 1.0 } ] }, { "start": 1920.41, "end": 1926.93, "text": "so for example people vote and and and things like that um but it you know i the risk is that", "avg_logprob": -0.07401944833750627, "no_speech_prob": 0.0, "words": [ { "start": 1920.41, "end": 1920.87, "word": " so", "probability": 1.0 }, { "start": 1920.87, "end": 1921.09, "word": " for", "probability": 1.0 }, { "start": 1921.09, "end": 1921.35, "word": " example", "probability": 0.998046875 }, { "start": 1921.35, "end": 1921.63, "word": " people", "probability": 0.99951171875 }, { "start": 1921.63, "end": 1921.97, "word": " vote", "probability": 0.99951171875 }, { "start": 1921.97, "end": 1922.27, "word": " and", "probability": 1.0 }, { "start": 1922.27, "end": 1922.49, "word": " and", "probability": 0.99951171875 }, { "start": 1922.49, "end": 1922.77, "word": " and", "probability": 0.88818359375 }, { "start": 1922.77, "end": 1922.97, "word": " things", "probability": 0.99951171875 }, { "start": 1922.97, "end": 1923.13, "word": " like", "probability": 1.0 }, { "start": 1923.13, "end": 1923.45, "word": " that", "probability": 1.0 }, { "start": 1923.45, "end": 1924.19, "word": " um", "probability": 0.99609375 }, { "start": 1924.19, "end": 1924.83, "word": " but", "probability": 1.0 }, { "start": 1924.83, "end": 1924.99, "word": " it", "probability": 1.0 }, { "start": 1924.99, "end": 1925.83, "word": " you", "probability": 1.0 }, { "start": 1925.83, "end": 1925.93, "word": " know", "probability": 1.0 }, { "start": 1925.93, "end": 1926.07, "word": " i", "probability": 0.9052734375 }, { "start": 1926.07, "end": 1926.39, "word": " the", "probability": 0.99951171875 }, { "start": 1926.39, "end": 1926.69, "word": " risk", "probability": 0.99951171875 }, { "start": 1926.69, "end": 1926.83, "word": " is", "probability": 1.0 }, { "start": 1926.83, "end": 1926.93, "word": " that", "probability": 0.998046875 } ] }, { "start": 1926.93, "end": 1932.45, "text": "it breaks one way or the other. You get the two kind of the horseshoe theory, kind of the polls,", "avg_logprob": -0.08735795533566763, "no_speech_prob": 0.0, "words": [ { "start": 1926.93, "end": 1927.03, "word": " it", "probability": 0.75634765625 }, { "start": 1927.03, "end": 1927.41, "word": " breaks", "probability": 0.99365234375 }, { "start": 1927.41, "end": 1927.63, "word": " one", "probability": 0.99755859375 }, { "start": 1927.63, "end": 1927.81, "word": " way", "probability": 0.99072265625 }, { "start": 1927.81, "end": 1927.93, "word": " or", "probability": 0.9931640625 }, { "start": 1927.93, "end": 1928.01, "word": " the", "probability": 0.751953125 }, { "start": 1928.01, "end": 1928.03, "word": " other.", "probability": 1.0 }, { "start": 1928.19, "end": 1928.19, "word": " You", "probability": 0.98828125 }, { "start": 1928.19, "end": 1928.67, "word": " get", "probability": 0.99951171875 }, { "start": 1928.67, "end": 1930.13, "word": " the", "probability": 0.93017578125 }, { "start": 1930.13, "end": 1930.73, "word": " two", "probability": 0.5322265625 }, { "start": 1930.73, "end": 1930.89, "word": " kind", "probability": 0.580078125 }, { "start": 1930.89, "end": 1930.97, "word": " of", "probability": 0.998046875 }, { "start": 1930.97, "end": 1931.05, "word": " the", "probability": 0.88671875 }, { "start": 1931.05, "end": 1931.41, "word": " horseshoe", "probability": 0.996337890625 }, { "start": 1931.41, "end": 1931.67, "word": " theory,", "probability": 0.99951171875 }, { "start": 1931.81, "end": 1931.87, "word": " kind", "probability": 0.9775390625 }, { "start": 1931.87, "end": 1931.93, "word": " of", "probability": 1.0 }, { "start": 1931.93, "end": 1932.07, "word": " the", "probability": 0.99951171875 }, { "start": 1932.07, "end": 1932.45, "word": " polls,", "probability": 0.66455078125 } ] }, { "start": 1932.73, "end": 1936.97, "text": "the radical polls start to kind of gain power because people say, well, if the status quo is", "avg_logprob": -0.08735795533566763, "no_speech_prob": 0.0, "words": [ { "start": 1932.73, "end": 1932.87, "word": " the", "probability": 0.994140625 }, { "start": 1932.87, "end": 1933.21, "word": " radical", "probability": 0.99951171875 }, { "start": 1933.21, "end": 1933.65, "word": " polls", "probability": 0.99658203125 }, { "start": 1933.65, "end": 1933.87, "word": " start", "probability": 0.99462890625 }, { "start": 1933.87, "end": 1934.03, "word": " to", "probability": 1.0 }, { "start": 1934.03, "end": 1934.17, "word": " kind", "probability": 0.99462890625 }, { "start": 1934.17, "end": 1934.25, "word": " of", "probability": 1.0 }, { "start": 1934.25, "end": 1934.49, "word": " gain", "probability": 0.99951171875 }, { "start": 1934.49, "end": 1934.89, "word": " power", "probability": 1.0 }, { "start": 1934.89, "end": 1935.09, "word": " because", "probability": 0.962890625 }, { "start": 1935.09, "end": 1935.31, "word": " people", "probability": 1.0 }, { "start": 1935.31, "end": 1935.51, "word": " say,", "probability": 0.958984375 }, { "start": 1935.61, "end": 1935.71, "word": " well,", "probability": 0.9970703125 }, { "start": 1935.85, "end": 1936.21, "word": " if", "probability": 0.99267578125 }, { "start": 1936.21, "end": 1936.29, "word": " the", "probability": 1.0 }, { "start": 1936.29, "end": 1936.55, "word": " status", "probability": 1.0 }, { "start": 1936.55, "end": 1936.83, "word": " quo", "probability": 1.0 }, { "start": 1936.83, "end": 1936.97, "word": " is", "probability": 1.0 } ] }, { "start": 1936.97, "end": 1940.57, "text": "not working, they're going to shift away from kind of anywhere near the center. And they're", "avg_logprob": -0.08735795533566763, "no_speech_prob": 0.0, "words": [ { "start": 1936.97, "end": 1937.11, "word": " not", "probability": 1.0 }, { "start": 1937.11, "end": 1937.49, "word": " working,", "probability": 1.0 }, { "start": 1937.57, "end": 1937.71, "word": " they're", "probability": 0.99951171875 }, { "start": 1937.71, "end": 1937.79, "word": " going", "probability": 0.9853515625 }, { "start": 1937.79, "end": 1937.85, "word": " to", "probability": 1.0 }, { "start": 1937.85, "end": 1938.09, "word": " shift", "probability": 0.99951171875 }, { "start": 1938.09, "end": 1938.35, "word": " away", "probability": 1.0 }, { "start": 1938.35, "end": 1938.59, "word": " from", "probability": 1.0 }, { "start": 1938.59, "end": 1938.77, "word": " kind", "probability": 0.9990234375 }, { "start": 1938.77, "end": 1938.87, "word": " of", "probability": 1.0 }, { "start": 1938.87, "end": 1939.11, "word": " anywhere", "probability": 1.0 }, { "start": 1939.11, "end": 1939.29, "word": " near", "probability": 1.0 }, { "start": 1939.29, "end": 1939.45, "word": " the", "probability": 1.0 }, { "start": 1939.45, "end": 1939.75, "word": " center.", "probability": 0.9970703125 }, { "start": 1940.01, "end": 1940.41, "word": " And", "probability": 0.9931640625 }, { "start": 1940.41, "end": 1940.57, "word": " they're", "probability": 0.999755859375 } ] }, { "start": 1940.57, "end": 1943.87, "text": "going to either go hard right or hard left. And that means different things to different people.", "avg_logprob": -0.08735795533566763, "no_speech_prob": 0.0, "words": [ { "start": 1940.57, "end": 1940.65, "word": " going", "probability": 0.99951171875 }, { "start": 1940.65, "end": 1940.73, "word": " to", "probability": 1.0 }, { "start": 1940.73, "end": 1940.89, "word": " either", "probability": 0.99951171875 }, { "start": 1940.89, "end": 1941.15, "word": " go", "probability": 1.0 }, { "start": 1941.15, "end": 1941.43, "word": " hard", "probability": 1.0 }, { "start": 1941.43, "end": 1941.63, "word": " right", "probability": 0.99609375 }, { "start": 1941.63, "end": 1941.77, "word": " or", "probability": 1.0 }, { "start": 1941.77, "end": 1941.99, "word": " hard", "probability": 1.0 }, { "start": 1941.99, "end": 1942.27, "word": " left.", "probability": 1.0 }, { "start": 1942.37, "end": 1942.41, "word": " And", "probability": 0.99658203125 }, { "start": 1942.41, "end": 1942.53, "word": " that", "probability": 0.99951171875 }, { "start": 1942.53, "end": 1942.81, "word": " means", "probability": 0.9638671875 }, { "start": 1942.81, "end": 1943.05, "word": " different", "probability": 1.0 }, { "start": 1943.05, "end": 1943.25, "word": " things", "probability": 1.0 }, { "start": 1943.25, "end": 1943.37, "word": " to", "probability": 0.99951171875 }, { "start": 1943.37, "end": 1943.55, "word": " different", "probability": 1.0 }, { "start": 1943.55, "end": 1943.87, "word": " people.", "probability": 1.0 } ] }, { "start": 1944.01, "end": 1947.77, "text": "But basically, you get these more extreme decision making points at some points or more", "avg_logprob": -0.08735795533566763, "no_speech_prob": 0.0, "words": [ { "start": 1944.01, "end": 1944.07, "word": " But", "probability": 0.998046875 }, { "start": 1944.07, "end": 1944.39, "word": " basically,", "probability": 0.99853515625 }, { "start": 1944.49, "end": 1944.87, "word": " you", "probability": 1.0 }, { "start": 1944.87, "end": 1945.05, "word": " get", "probability": 1.0 }, { "start": 1945.05, "end": 1945.27, "word": " these", "probability": 1.0 }, { "start": 1945.27, "end": 1945.47, "word": " more", "probability": 1.0 }, { "start": 1945.47, "end": 1945.81, "word": " extreme", "probability": 1.0 }, { "start": 1945.81, "end": 1946.15, "word": " decision", "probability": 0.9990234375 }, { "start": 1946.15, "end": 1946.43, "word": " making", "probability": 0.79150390625 }, { "start": 1946.43, "end": 1946.91, "word": " points", "probability": 0.99951171875 }, { "start": 1946.91, "end": 1947.03, "word": " at", "probability": 0.9970703125 }, { "start": 1947.03, "end": 1947.17, "word": " some", "probability": 1.0 }, { "start": 1947.17, "end": 1947.43, "word": " points", "probability": 0.7568359375 }, { "start": 1947.43, "end": 1947.55, "word": " or", "probability": 0.96923828125 }, { "start": 1947.55, "end": 1947.77, "word": " more", "probability": 1.0 } ] }, { "start": 1947.77, "end": 1953.13, "text": "extreme election outcomes and things like that. And that can start kind of fraying certain things.", "avg_logprob": -0.08735795533566763, "no_speech_prob": 0.0, "words": [ { "start": 1947.77, "end": 1948.05, "word": " extreme", "probability": 0.99951171875 }, { "start": 1948.05, "end": 1948.37, "word": " election", "probability": 1.0 }, { "start": 1948.37, "end": 1948.85, "word": " outcomes", "probability": 1.0 }, { "start": 1948.85, "end": 1949.61, "word": " and", "probability": 0.9296875 }, { "start": 1949.61, "end": 1949.81, "word": " things", "probability": 1.0 }, { "start": 1949.81, "end": 1949.95, "word": " like", "probability": 1.0 }, { "start": 1949.95, "end": 1950.17, "word": " that.", "probability": 1.0 }, { "start": 1950.27, "end": 1950.29, "word": " And", "probability": 0.99169921875 }, { "start": 1950.29, "end": 1950.47, "word": " that", "probability": 1.0 }, { "start": 1950.47, "end": 1950.69, "word": " can", "probability": 0.9755859375 }, { "start": 1950.69, "end": 1950.95, "word": " start", "probability": 0.99951171875 }, { "start": 1950.95, "end": 1951.13, "word": " kind", "probability": 0.9990234375 }, { "start": 1951.13, "end": 1951.25, "word": " of", "probability": 1.0 }, { "start": 1951.25, "end": 1951.69, "word": " fraying", "probability": 0.994873046875 }, { "start": 1951.69, "end": 1952.73, "word": " certain", "probability": 0.99853515625 }, { "start": 1952.73, "end": 1953.13, "word": " things.", "probability": 1.0 } ] }, { "start": 1953.67, "end": 1957.35, "text": "But I think it can often take a lot longer than people think.", "avg_logprob": -0.1520040790024011, "no_speech_prob": 0.0, "words": [ { "start": 1953.67, "end": 1954.11, "word": " But", "probability": 0.77294921875 }, { "start": 1954.11, "end": 1954.27, "word": " I", "probability": 0.99853515625 }, { "start": 1954.27, "end": 1954.47, "word": " think", "probability": 0.9990234375 }, { "start": 1954.47, "end": 1954.61, "word": " it", "probability": 0.99951171875 }, { "start": 1954.61, "end": 1954.99, "word": " can", "probability": 1.0 }, { "start": 1954.99, "end": 1955.23, "word": " often", "probability": 0.89892578125 }, { "start": 1955.23, "end": 1956.03, "word": " take", "probability": 0.99609375 }, { "start": 1956.03, "end": 1956.19, "word": " a", "probability": 1.0 }, { "start": 1956.19, "end": 1956.29, "word": " lot", "probability": 1.0 }, { "start": 1956.29, "end": 1956.59, "word": " longer", "probability": 1.0 }, { "start": 1956.59, "end": 1956.73, "word": " than", "probability": 0.9990234375 }, { "start": 1956.73, "end": 1957.01, "word": " people", "probability": 1.0 }, { "start": 1957.01, "end": 1957.35, "word": " think.", "probability": 1.0 } ] }, { "start": 1957.59, "end": 1960.57, "text": "And I also think that the algorithms are a really big deal.", "avg_logprob": -0.1520040790024011, "no_speech_prob": 0.0, "words": [ { "start": 1957.59, "end": 1957.95, "word": " And", "probability": 0.95263671875 }, { "start": 1957.95, "end": 1958.03, "word": " I", "probability": 0.99951171875 }, { "start": 1958.03, "end": 1958.19, "word": " also", "probability": 1.0 }, { "start": 1958.19, "end": 1958.37, "word": " think", "probability": 1.0 }, { "start": 1958.37, "end": 1958.49, "word": " that", "probability": 0.9990234375 }, { "start": 1958.49, "end": 1958.65, "word": " the", "probability": 1.0 }, { "start": 1958.65, "end": 1959.33, "word": " algorithms", "probability": 0.99853515625 }, { "start": 1959.33, "end": 1959.77, "word": " are", "probability": 1.0 }, { "start": 1959.77, "end": 1959.99, "word": " a", "probability": 1.0 }, { "start": 1959.99, "end": 1960.17, "word": " really", "probability": 1.0 }, { "start": 1960.17, "end": 1960.33, "word": " big", "probability": 1.0 }, { "start": 1960.33, "end": 1960.57, "word": " deal.", "probability": 1.0 } ] }, { "start": 1960.69, "end": 1962.59, "text": "Like you mentioned the anxiety that people have.", "avg_logprob": -0.1520040790024011, "no_speech_prob": 0.0, "words": [ { "start": 1960.69, "end": 1960.75, "word": " Like", "probability": 0.479736328125 }, { "start": 1960.75, "end": 1960.87, "word": " you", "probability": 0.908203125 }, { "start": 1960.87, "end": 1961.39, "word": " mentioned", "probability": 0.99951171875 }, { "start": 1961.39, "end": 1961.55, "word": " the", "probability": 0.96826171875 }, { "start": 1961.55, "end": 1961.87, "word": " anxiety", "probability": 1.0 }, { "start": 1961.87, "end": 1962.03, "word": " that", "probability": 0.99951171875 }, { "start": 1962.03, "end": 1962.21, "word": " people", "probability": 1.0 }, { "start": 1962.21, "end": 1962.59, "word": " have.", "probability": 1.0 } ] }, { "start": 1962.97, "end": 1976.31, "text": "Like in social media, like just from a kind of a natural standpoint, you know, people being able to communicate with each other over long distances and find their own groups and tribes is in theory kind of a pretty good thing.", "avg_logprob": -0.1520040790024011, "no_speech_prob": 0.0, "words": [ { "start": 1962.97, "end": 1963.41, "word": " Like", "probability": 0.8525390625 }, { "start": 1963.41, "end": 1963.75, "word": " in", "probability": 0.98583984375 }, { "start": 1963.75, "end": 1964.07, "word": " social", "probability": 1.0 }, { "start": 1964.07, "end": 1964.41, "word": " media,", "probability": 1.0 }, { "start": 1964.53, "end": 1964.77, "word": " like", "probability": 0.6318359375 }, { "start": 1964.77, "end": 1965.65, "word": " just", "probability": 0.99658203125 }, { "start": 1965.65, "end": 1966.23, "word": " from", "probability": 1.0 }, { "start": 1966.23, "end": 1966.41, "word": " a", "probability": 0.99853515625 }, { "start": 1966.41, "end": 1966.59, "word": " kind", "probability": 0.9970703125 }, { "start": 1966.59, "end": 1966.71, "word": " of", "probability": 1.0 }, { "start": 1966.71, "end": 1966.93, "word": " a", "probability": 0.998046875 }, { "start": 1966.93, "end": 1967.39, "word": " natural", "probability": 0.99951171875 }, { "start": 1967.39, "end": 1967.91, "word": " standpoint,", "probability": 1.0 }, { "start": 1968.21, "end": 1968.21, "word": " you", "probability": 0.5302734375 }, { "start": 1968.21, "end": 1968.31, "word": " know,", "probability": 0.99951171875 }, { "start": 1968.97, "end": 1969.25, "word": " people", "probability": 0.99951171875 }, { "start": 1969.25, "end": 1969.47, "word": " being", "probability": 1.0 }, { "start": 1969.47, "end": 1969.61, "word": " able", "probability": 1.0 }, { "start": 1969.61, "end": 1969.71, "word": " to", "probability": 1.0 }, { "start": 1969.71, "end": 1970.09, "word": " communicate", "probability": 1.0 }, { "start": 1970.09, "end": 1970.29, "word": " with", "probability": 1.0 }, { "start": 1970.29, "end": 1970.43, "word": " each", "probability": 1.0 }, { "start": 1970.43, "end": 1970.55, "word": " other", "probability": 1.0 }, { "start": 1970.55, "end": 1970.69, "word": " over", "probability": 0.9990234375 }, { "start": 1970.69, "end": 1970.93, "word": " long", "probability": 0.99169921875 }, { "start": 1970.93, "end": 1971.37, "word": " distances", "probability": 1.0 }, { "start": 1971.37, "end": 1971.73, "word": " and", "probability": 0.99755859375 }, { "start": 1971.73, "end": 1972.31, "word": " find", "probability": 0.99951171875 }, { "start": 1972.31, "end": 1972.53, "word": " their", "probability": 0.99951171875 }, { "start": 1972.53, "end": 1972.79, "word": " own", "probability": 1.0 }, { "start": 1972.79, "end": 1973.33, "word": " groups", "probability": 1.0 }, { "start": 1973.33, "end": 1973.49, "word": " and", "probability": 1.0 }, { "start": 1973.49, "end": 1973.89, "word": " tribes", "probability": 1.0 }, { "start": 1973.89, "end": 1974.39, "word": " is", "probability": 0.99951171875 }, { "start": 1974.39, "end": 1975.01, "word": " in", "probability": 0.67529296875 }, { "start": 1975.01, "end": 1975.29, "word": " theory", "probability": 1.0 }, { "start": 1975.29, "end": 1975.49, "word": " kind", "probability": 0.96142578125 }, { "start": 1975.49, "end": 1975.53, "word": " of", "probability": 1.0 }, { "start": 1975.53, "end": 1975.67, "word": " a", "probability": 1.0 }, { "start": 1975.67, "end": 1975.83, "word": " pretty", "probability": 1.0 }, { "start": 1975.83, "end": 1976.01, "word": " good", "probability": 1.0 }, { "start": 1976.01, "end": 1976.31, "word": " thing.", "probability": 1.0 } ] }, { "start": 1976.31, "end": 1983.69, "text": "uh and one of the one of the kind of the the risks here is just that the the there's a handful of", "avg_logprob": -0.06580882282818065, "no_speech_prob": 0.0, "words": [ { "start": 1976.31, "end": 1977.07, "word": " uh", "probability": 0.00789642333984375 }, { "start": 1977.07, "end": 1977.57, "word": " and", "probability": 0.9404296875 }, { "start": 1977.57, "end": 1977.73, "word": " one", "probability": 1.0 }, { "start": 1977.73, "end": 1977.83, "word": " of", "probability": 1.0 }, { "start": 1977.83, "end": 1977.95, "word": " the", "probability": 1.0 }, { "start": 1977.95, "end": 1978.27, "word": " one", "probability": 0.99169921875 }, { "start": 1978.27, "end": 1978.39, "word": " of", "probability": 1.0 }, { "start": 1978.39, "end": 1978.51, "word": " the", "probability": 1.0 }, { "start": 1978.51, "end": 1978.67, "word": " kind", "probability": 0.99951171875 }, { "start": 1978.67, "end": 1978.77, "word": " of", "probability": 1.0 }, { "start": 1978.77, "end": 1978.93, "word": " the", "probability": 1.0 }, { "start": 1978.93, "end": 1979.57, "word": " the", "probability": 0.9912109375 }, { "start": 1979.57, "end": 1979.85, "word": " risks", "probability": 0.98876953125 }, { "start": 1979.85, "end": 1980.19, "word": " here", "probability": 1.0 }, { "start": 1980.19, "end": 1981.03, "word": " is", "probability": 1.0 }, { "start": 1981.03, "end": 1981.25, "word": " just", "probability": 1.0 }, { "start": 1981.25, "end": 1981.51, "word": " that", "probability": 1.0 }, { "start": 1981.51, "end": 1981.91, "word": " the", "probability": 0.98095703125 }, { "start": 1981.91, "end": 1982.01, "word": " the", "probability": 0.9140625 }, { "start": 1982.01, "end": 1982.95, "word": " there's", "probability": 0.96630859375 }, { "start": 1982.95, "end": 1983.09, "word": " a", "probability": 1.0 }, { "start": 1983.09, "end": 1983.49, "word": " handful", "probability": 0.99951171875 }, { "start": 1983.49, "end": 1983.69, "word": " of", "probability": 1.0 } ] }, { "start": 1983.69, "end": 1989.01, "text": "really big platforms and they have algorithms uh and they can tune how those algorithms work", "avg_logprob": -0.06580882282818065, "no_speech_prob": 0.0, "words": [ { "start": 1983.69, "end": 1983.91, "word": " really", "probability": 0.99951171875 }, { "start": 1983.91, "end": 1984.11, "word": " big", "probability": 1.0 }, { "start": 1984.11, "end": 1984.63, "word": " platforms", "probability": 1.0 }, { "start": 1984.63, "end": 1985.03, "word": " and", "probability": 1.0 }, { "start": 1985.03, "end": 1985.17, "word": " they", "probability": 1.0 }, { "start": 1985.17, "end": 1985.39, "word": " have", "probability": 1.0 }, { "start": 1985.39, "end": 1985.87, "word": " algorithms", "probability": 1.0 }, { "start": 1985.87, "end": 1986.69, "word": " uh", "probability": 0.83056640625 }, { "start": 1986.69, "end": 1986.97, "word": " and", "probability": 1.0 }, { "start": 1986.97, "end": 1987.07, "word": " they", "probability": 0.99951171875 }, { "start": 1987.07, "end": 1987.21, "word": " can", "probability": 0.99951171875 }, { "start": 1987.21, "end": 1987.47, "word": " tune", "probability": 0.99951171875 }, { "start": 1987.47, "end": 1987.73, "word": " how", "probability": 1.0 }, { "start": 1987.73, "end": 1987.99, "word": " those", "probability": 1.0 }, { "start": 1987.99, "end": 1988.43, "word": " algorithms", "probability": 0.99951171875 }, { "start": 1988.43, "end": 1989.01, "word": " work", "probability": 1.0 } ] }, { "start": 1989.01, "end": 1994.71, "text": "uh and their incentives are not necessarily to promote virtue among society or promote truth", "avg_logprob": -0.06580882282818065, "no_speech_prob": 0.0, "words": [ { "start": 1989.01, "end": 1989.63, "word": " uh", "probability": 0.95849609375 }, { "start": 1989.63, "end": 1990.01, "word": " and", "probability": 1.0 }, { "start": 1990.01, "end": 1990.55, "word": " their", "probability": 0.99951171875 }, { "start": 1990.55, "end": 1990.93, "word": " incentives", "probability": 0.99951171875 }, { "start": 1990.93, "end": 1991.11, "word": " are", "probability": 1.0 }, { "start": 1991.11, "end": 1991.25, "word": " not", "probability": 1.0 }, { "start": 1991.25, "end": 1991.81, "word": " necessarily", "probability": 1.0 }, { "start": 1991.81, "end": 1992.25, "word": " to", "probability": 1.0 }, { "start": 1992.25, "end": 1992.91, "word": " promote", "probability": 0.99951171875 }, { "start": 1992.91, "end": 1993.33, "word": " virtue", "probability": 1.0 }, { "start": 1993.33, "end": 1993.55, "word": " among", "probability": 0.99267578125 }, { "start": 1993.55, "end": 1994.03, "word": " society", "probability": 1.0 }, { "start": 1994.03, "end": 1994.21, "word": " or", "probability": 0.9990234375 }, { "start": 1994.21, "end": 1994.45, "word": " promote", "probability": 0.99951171875 }, { "start": 1994.45, "end": 1994.71, "word": " truth", "probability": 0.99951171875 } ] }, { "start": 1994.71, "end": 2000.99, "text": "among society they're either to profit maximize uh or they're to kind of like be a funnel for", "avg_logprob": -0.06580882282818065, "no_speech_prob": 0.0, "words": [ { "start": 1994.71, "end": 1994.89, "word": " among", "probability": 0.9931640625 }, { "start": 1994.89, "end": 1995.29, "word": " society", "probability": 0.99951171875 }, { "start": 1995.29, "end": 1995.51, "word": " they're", "probability": 0.998291015625 }, { "start": 1995.51, "end": 1995.69, "word": " either", "probability": 0.99853515625 }, { "start": 1995.69, "end": 1995.95, "word": " to", "probability": 1.0 }, { "start": 1995.95, "end": 1996.83, "word": " profit", "probability": 0.9990234375 }, { "start": 1996.83, "end": 1997.45, "word": " maximize", "probability": 0.99365234375 }, { "start": 1997.45, "end": 1998.29, "word": " uh", "probability": 0.794921875 }, { "start": 1998.29, "end": 1998.81, "word": " or", "probability": 1.0 }, { "start": 1998.81, "end": 1999.47, "word": " they're", "probability": 0.92138671875 }, { "start": 1999.47, "end": 1999.79, "word": " to", "probability": 0.99951171875 }, { "start": 1999.79, "end": 2000.05, "word": " kind", "probability": 1.0 }, { "start": 2000.05, "end": 2000.15, "word": " of", "probability": 1.0 }, { "start": 2000.15, "end": 2000.27, "word": " like", "probability": 0.9990234375 }, { "start": 2000.27, "end": 2000.43, "word": " be", "probability": 0.99951171875 }, { "start": 2000.43, "end": 2000.57, "word": " a", "probability": 0.99951171875 }, { "start": 2000.57, "end": 2000.79, "word": " funnel", "probability": 0.9970703125 }, { "start": 2000.79, "end": 2000.99, "word": " for", "probability": 1.0 } ] }, { "start": 2000.99, "end": 2007.13, "text": "something else um uh like to kind of change discourse around something that that that that", "avg_logprob": -0.08995327144582695, "no_speech_prob": 0.0, "words": [ { "start": 2000.99, "end": 2001.27, "word": " something", "probability": 0.86279296875 }, { "start": 2001.27, "end": 2001.65, "word": " else", "probability": 0.99951171875 }, { "start": 2001.65, "end": 2002.31, "word": " um", "probability": 0.0479736328125 }, { "start": 2002.31, "end": 2003.25, "word": " uh", "probability": 0.994140625 }, { "start": 2003.25, "end": 2003.61, "word": " like", "probability": 0.99560546875 }, { "start": 2003.61, "end": 2003.91, "word": " to", "probability": 1.0 }, { "start": 2003.91, "end": 2004.07, "word": " kind", "probability": 0.9765625 }, { "start": 2004.07, "end": 2004.19, "word": " of", "probability": 1.0 }, { "start": 2004.19, "end": 2004.59, "word": " change", "probability": 1.0 }, { "start": 2004.59, "end": 2005.07, "word": " discourse", "probability": 1.0 }, { "start": 2005.07, "end": 2005.37, "word": " around", "probability": 1.0 }, { "start": 2005.37, "end": 2005.73, "word": " something", "probability": 1.0 }, { "start": 2005.73, "end": 2005.93, "word": " that", "probability": 1.0 }, { "start": 2005.93, "end": 2006.15, "word": " that", "probability": 0.99951171875 }, { "start": 2006.15, "end": 2006.61, "word": " that", "probability": 0.99853515625 }, { "start": 2006.61, "end": 2007.13, "word": " that", "probability": 0.91796875 } ] }, { "start": 2007.13, "end": 2012.49, "text": "might make profits in a kind of a jason area and actually i did an interview with jack dorsey about", "avg_logprob": -0.08995327144582695, "no_speech_prob": 0.0, "words": [ { "start": 2007.13, "end": 2007.55, "word": " might", "probability": 0.6044921875 }, { "start": 2007.55, "end": 2007.77, "word": " make", "probability": 1.0 }, { "start": 2007.77, "end": 2008.23, "word": " profits", "probability": 0.9990234375 }, { "start": 2008.23, "end": 2008.51, "word": " in", "probability": 1.0 }, { "start": 2008.51, "end": 2008.89, "word": " a", "probability": 0.990234375 }, { "start": 2008.89, "end": 2009.01, "word": " kind", "probability": 0.95068359375 }, { "start": 2009.01, "end": 2009.09, "word": " of", "probability": 1.0 }, { "start": 2009.09, "end": 2009.25, "word": " a", "probability": 0.64892578125 }, { "start": 2009.25, "end": 2009.63, "word": " jason", "probability": 0.767822265625 }, { "start": 2009.63, "end": 2009.95, "word": " area", "probability": 0.9990234375 }, { "start": 2009.95, "end": 2010.63, "word": " and", "probability": 0.99951171875 }, { "start": 2010.63, "end": 2010.87, "word": " actually", "probability": 1.0 }, { "start": 2010.87, "end": 2010.99, "word": " i", "probability": 0.96533203125 }, { "start": 2010.99, "end": 2011.13, "word": " did", "probability": 0.99853515625 }, { "start": 2011.13, "end": 2011.23, "word": " an", "probability": 1.0 }, { "start": 2011.23, "end": 2011.53, "word": " interview", "probability": 1.0 }, { "start": 2011.53, "end": 2011.71, "word": " with", "probability": 1.0 }, { "start": 2011.71, "end": 2011.91, "word": " jack", "probability": 0.99755859375 }, { "start": 2011.91, "end": 2012.29, "word": " dorsey", "probability": 0.993896484375 }, { "start": 2012.29, "end": 2012.49, "word": " about", "probability": 1.0 } ] }, { "start": 2012.49, "end": 2018.93, "text": "this a couple years ago uh uh you know the the the founder of twitter because we were kind of", "avg_logprob": -0.08995327144582695, "no_speech_prob": 0.0, "words": [ { "start": 2012.49, "end": 2012.69, "word": " this", "probability": 1.0 }, { "start": 2012.69, "end": 2012.89, "word": " a", "probability": 1.0 }, { "start": 2012.89, "end": 2013.05, "word": " couple", "probability": 0.9990234375 }, { "start": 2013.05, "end": 2013.29, "word": " years", "probability": 0.9990234375 }, { "start": 2013.29, "end": 2013.63, "word": " ago", "probability": 1.0 }, { "start": 2013.63, "end": 2014.45, "word": " uh", "probability": 0.99951171875 }, { "start": 2014.45, "end": 2014.97, "word": " uh", "probability": 0.99365234375 }, { "start": 2014.97, "end": 2015.45, "word": " you", "probability": 1.0 }, { "start": 2015.45, "end": 2015.53, "word": " know", "probability": 1.0 }, { "start": 2015.53, "end": 2015.89, "word": " the", "probability": 1.0 }, { "start": 2015.89, "end": 2016.03, "word": " the", "probability": 1.0 }, { "start": 2016.03, "end": 2016.45, "word": " the", "probability": 0.89306640625 }, { "start": 2016.45, "end": 2016.73, "word": " founder", "probability": 0.97216796875 }, { "start": 2016.73, "end": 2016.91, "word": " of", "probability": 1.0 }, { "start": 2016.91, "end": 2017.13, "word": " twitter", "probability": 0.9990234375 }, { "start": 2017.13, "end": 2017.99, "word": " because", "probability": 1.0 }, { "start": 2017.99, "end": 2018.59, "word": " we", "probability": 1.0 }, { "start": 2018.59, "end": 2018.71, "word": " were", "probability": 1.0 }, { "start": 2018.71, "end": 2018.87, "word": " kind", "probability": 1.0 }, { "start": 2018.87, "end": 2018.93, "word": " of", "probability": 1.0 } ] }, { "start": 2018.93, "end": 2024.97, "text": "looking at decentralized social media's uh market like um that let you choose your own algorithm", "avg_logprob": -0.08995327144582695, "no_speech_prob": 0.0, "words": [ { "start": 2018.93, "end": 2019.11, "word": " looking", "probability": 0.99951171875 }, { "start": 2019.11, "end": 2019.29, "word": " at", "probability": 0.99951171875 }, { "start": 2019.29, "end": 2019.83, "word": " decentralized", "probability": 0.9990234375 }, { "start": 2019.83, "end": 2020.59, "word": " social", "probability": 1.0 }, { "start": 2020.59, "end": 2021.15, "word": " media's", "probability": 0.8310546875 }, { "start": 2021.15, "end": 2021.37, "word": " uh", "probability": 0.99755859375 }, { "start": 2021.37, "end": 2022.57, "word": " market", "probability": 0.998046875 }, { "start": 2022.57, "end": 2022.85, "word": " like", "probability": 1.0 }, { "start": 2022.85, "end": 2023.13, "word": " um", "probability": 1.0 }, { "start": 2023.13, "end": 2023.57, "word": " that", "probability": 0.4658203125 }, { "start": 2023.57, "end": 2023.71, "word": " let", "probability": 0.99609375 }, { "start": 2023.71, "end": 2023.83, "word": " you", "probability": 1.0 }, { "start": 2023.83, "end": 2024.15, "word": " choose", "probability": 0.99951171875 }, { "start": 2024.15, "end": 2024.31, "word": " your", "probability": 1.0 }, { "start": 2024.31, "end": 2024.53, "word": " own", "probability": 0.99951171875 }, { "start": 2024.53, "end": 2024.97, "word": " algorithm", "probability": 1.0 } ] }, { "start": 2024.97, "end": 2029.41, "text": "and stuff like that because he was arguing that it's not just because that was a whole like topic", "avg_logprob": -0.08995327144582695, "no_speech_prob": 0.0, "words": [ { "start": 2024.97, "end": 2025.59, "word": " and", "probability": 1.0 }, { "start": 2025.59, "end": 2025.77, "word": " stuff", "probability": 1.0 }, { "start": 2025.77, "end": 2025.97, "word": " like", "probability": 1.0 }, { "start": 2025.97, "end": 2026.31, "word": " that", "probability": 1.0 }, { "start": 2026.31, "end": 2026.89, "word": " because", "probability": 0.99951171875 }, { "start": 2026.89, "end": 2027.09, "word": " he", "probability": 1.0 }, { "start": 2027.09, "end": 2027.21, "word": " was", "probability": 1.0 }, { "start": 2027.21, "end": 2027.51, "word": " arguing", "probability": 1.0 }, { "start": 2027.51, "end": 2027.71, "word": " that", "probability": 1.0 }, { "start": 2027.71, "end": 2027.93, "word": " it's", "probability": 1.0 }, { "start": 2027.93, "end": 2028.11, "word": " not", "probability": 1.0 }, { "start": 2028.11, "end": 2028.35, "word": " just", "probability": 1.0 }, { "start": 2028.35, "end": 2028.55, "word": " because", "probability": 0.99951171875 }, { "start": 2028.55, "end": 2028.65, "word": " that", "probability": 0.9990234375 }, { "start": 2028.65, "end": 2028.73, "word": " was", "probability": 1.0 }, { "start": 2028.73, "end": 2028.81, "word": " a", "probability": 0.97998046875 }, { "start": 2028.81, "end": 2028.95, "word": " whole", "probability": 0.99951171875 }, { "start": 2028.95, "end": 2029.11, "word": " like", "probability": 0.99755859375 }, { "start": 2029.11, "end": 2029.41, "word": " topic", "probability": 0.99951171875 } ] }, { "start": 2029.41, "end": 2033.79, "text": "of obviously like social media censorship and things like that and he was arguing i agreed with", "avg_logprob": -0.05568181648850441, "no_speech_prob": 0.0, "words": [ { "start": 2029.41, "end": 2029.61, "word": " of", "probability": 0.94677734375 }, { "start": 2029.61, "end": 2029.89, "word": " obviously", "probability": 0.96875 }, { "start": 2029.89, "end": 2030.07, "word": " like", "probability": 0.80712890625 }, { "start": 2030.07, "end": 2030.31, "word": " social", "probability": 0.99755859375 }, { "start": 2030.31, "end": 2030.53, "word": " media", "probability": 1.0 }, { "start": 2030.53, "end": 2030.93, "word": " censorship", "probability": 0.99853515625 }, { "start": 2030.93, "end": 2031.19, "word": " and", "probability": 0.99853515625 }, { "start": 2031.19, "end": 2031.37, "word": " things", "probability": 1.0 }, { "start": 2031.37, "end": 2031.51, "word": " like", "probability": 1.0 }, { "start": 2031.51, "end": 2031.77, "word": " that", "probability": 1.0 }, { "start": 2031.77, "end": 2032.65, "word": " and", "probability": 0.217041015625 }, { "start": 2032.65, "end": 2032.77, "word": " he", "probability": 1.0 }, { "start": 2032.77, "end": 2032.93, "word": " was", "probability": 1.0 }, { "start": 2032.93, "end": 2033.25, "word": " arguing", "probability": 1.0 }, { "start": 2033.25, "end": 2033.43, "word": " i", "probability": 0.4521484375 }, { "start": 2033.43, "end": 2033.67, "word": " agreed", "probability": 0.99560546875 }, { "start": 2033.67, "end": 2033.79, "word": " with", "probability": 1.0 } ] }, { "start": 2033.79, "end": 2038.77, "text": "him that it's not just about censorship it's about what the algorithm even has you look at", "avg_logprob": -0.05568181648850441, "no_speech_prob": 0.0, "words": [ { "start": 2033.79, "end": 2033.97, "word": " him", "probability": 0.998046875 }, { "start": 2033.97, "end": 2034.43, "word": " that", "probability": 1.0 }, { "start": 2034.43, "end": 2034.59, "word": " it's", "probability": 0.999755859375 }, { "start": 2034.59, "end": 2034.77, "word": " not", "probability": 0.99951171875 }, { "start": 2034.77, "end": 2035.09, "word": " just", "probability": 1.0 }, { "start": 2035.09, "end": 2035.35, "word": " about", "probability": 1.0 }, { "start": 2035.35, "end": 2035.81, "word": " censorship", "probability": 0.99951171875 }, { "start": 2035.81, "end": 2036.13, "word": " it's", "probability": 1.0 }, { "start": 2036.13, "end": 2036.47, "word": " about", "probability": 1.0 }, { "start": 2036.47, "end": 2037.23, "word": " what", "probability": 1.0 }, { "start": 2037.23, "end": 2037.37, "word": " the", "probability": 1.0 }, { "start": 2037.37, "end": 2037.71, "word": " algorithm", "probability": 1.0 }, { "start": 2037.71, "end": 2037.93, "word": " even", "probability": 1.0 }, { "start": 2037.93, "end": 2038.29, "word": " has", "probability": 1.0 }, { "start": 2038.29, "end": 2038.43, "word": " you", "probability": 1.0 }, { "start": 2038.43, "end": 2038.65, "word": " look", "probability": 1.0 }, { "start": 2038.65, "end": 2038.77, "word": " at", "probability": 1.0 } ] }, { "start": 2038.77, "end": 2045.19, "text": "in the first place so i've i've you know because i'm pretty active online um i see i've seen", "avg_logprob": -0.05568181648850441, "no_speech_prob": 0.0, "words": [ { "start": 2038.77, "end": 2038.89, "word": " in", "probability": 0.99951171875 }, { "start": 2038.89, "end": 2038.97, "word": " the", "probability": 1.0 }, { "start": 2038.97, "end": 2039.17, "word": " first", "probability": 0.99951171875 }, { "start": 2039.17, "end": 2039.51, "word": " place", "probability": 1.0 }, { "start": 2039.51, "end": 2040.07, "word": " so", "probability": 1.0 }, { "start": 2040.07, "end": 2040.49, "word": " i've", "probability": 0.99853515625 }, { "start": 2040.49, "end": 2040.79, "word": " i've", "probability": 0.906005859375 }, { "start": 2040.79, "end": 2041.15, "word": " you", "probability": 0.9853515625 }, { "start": 2041.15, "end": 2041.25, "word": " know", "probability": 1.0 }, { "start": 2041.25, "end": 2041.67, "word": " because", "probability": 1.0 }, { "start": 2041.67, "end": 2041.83, "word": " i'm", "probability": 1.0 }, { "start": 2041.83, "end": 2042.01, "word": " pretty", "probability": 1.0 }, { "start": 2042.01, "end": 2042.37, "word": " active", "probability": 1.0 }, { "start": 2042.37, "end": 2042.83, "word": " online", "probability": 1.0 }, { "start": 2042.83, "end": 2043.71, "word": " um", "probability": 0.9609375 }, { "start": 2043.71, "end": 2044.09, "word": " i", "probability": 1.0 }, { "start": 2044.09, "end": 2044.59, "word": " see", "probability": 0.5810546875 }, { "start": 2044.59, "end": 2044.99, "word": " i've", "probability": 1.0 }, { "start": 2044.99, "end": 2045.19, "word": " seen", "probability": 1.0 } ] }, { "start": 2045.19, "end": 2048.93, "text": "specific cases people just kind of gradually fall into these like rabbit holes that are not", "avg_logprob": -0.05568181648850441, "no_speech_prob": 0.0, "words": [ { "start": 2045.19, "end": 2045.57, "word": " specific", "probability": 1.0 }, { "start": 2045.57, "end": 2045.93, "word": " cases", "probability": 1.0 }, { "start": 2045.93, "end": 2046.21, "word": " people", "probability": 1.0 }, { "start": 2046.21, "end": 2046.35, "word": " just", "probability": 1.0 }, { "start": 2046.35, "end": 2046.49, "word": " kind", "probability": 0.99951171875 }, { "start": 2046.49, "end": 2046.55, "word": " of", "probability": 1.0 }, { "start": 2046.55, "end": 2046.87, "word": " gradually", "probability": 0.99462890625 }, { "start": 2046.87, "end": 2047.23, "word": " fall", "probability": 1.0 }, { "start": 2047.23, "end": 2047.47, "word": " into", "probability": 1.0 }, { "start": 2047.47, "end": 2047.65, "word": " these", "probability": 0.99951171875 }, { "start": 2047.65, "end": 2047.77, "word": " like", "probability": 0.9951171875 }, { "start": 2047.77, "end": 2048.07, "word": " rabbit", "probability": 0.9990234375 }, { "start": 2048.07, "end": 2048.33, "word": " holes", "probability": 1.0 }, { "start": 2048.33, "end": 2048.59, "word": " that", "probability": 1.0 }, { "start": 2048.59, "end": 2048.69, "word": " are", "probability": 0.99951171875 }, { "start": 2048.69, "end": 2048.93, "word": " not", "probability": 1.0 } ] }, { "start": 2048.93, "end": 2054.65, "text": "not very not very healthy and it's kind of i can just see like this the step by step by step by", "avg_logprob": -0.05568181648850441, "no_speech_prob": 0.0, "words": [ { "start": 2048.93, "end": 2049.27, "word": " not", "probability": 0.99951171875 }, { "start": 2049.27, "end": 2049.67, "word": " very", "probability": 1.0 }, { "start": 2049.67, "end": 2050.29, "word": " not", "probability": 0.99951171875 }, { "start": 2050.29, "end": 2050.55, "word": " very", "probability": 0.99951171875 }, { "start": 2050.55, "end": 2050.87, "word": " healthy", "probability": 1.0 }, { "start": 2050.87, "end": 2051.57, "word": " and", "probability": 1.0 }, { "start": 2051.57, "end": 2051.91, "word": " it's", "probability": 0.999755859375 }, { "start": 2051.91, "end": 2052.03, "word": " kind", "probability": 0.99267578125 }, { "start": 2052.03, "end": 2052.13, "word": " of", "probability": 0.783203125 }, { "start": 2052.13, "end": 2052.21, "word": " i", "probability": 0.99658203125 }, { "start": 2052.21, "end": 2052.29, "word": " can", "probability": 0.99951171875 }, { "start": 2052.29, "end": 2052.51, "word": " just", "probability": 0.78173828125 }, { "start": 2052.51, "end": 2052.79, "word": " see", "probability": 1.0 }, { "start": 2052.79, "end": 2053.03, "word": " like", "probability": 1.0 }, { "start": 2053.03, "end": 2053.21, "word": " this", "probability": 0.54345703125 }, { "start": 2053.21, "end": 2053.37, "word": " the", "probability": 0.8671875 }, { "start": 2053.37, "end": 2053.61, "word": " step", "probability": 1.0 }, { "start": 2053.61, "end": 2053.81, "word": " by", "probability": 0.998046875 }, { "start": 2053.81, "end": 2054.03, "word": " step", "probability": 1.0 }, { "start": 2054.03, "end": 2054.27, "word": " by", "probability": 1.0 }, { "start": 2054.27, "end": 2054.45, "word": " step", "probability": 1.0 }, { "start": 2054.45, "end": 2054.65, "word": " by", "probability": 0.9990234375 } ] }, { "start": 2054.65, "end": 2060.75, "text": "step where them it seems normal but i can just see that person's like in a bubble now like that", "avg_logprob": -0.04723914074948279, "no_speech_prob": 0.0, "words": [ { "start": 2054.65, "end": 2054.99, "word": " step", "probability": 0.355224609375 }, { "start": 2054.99, "end": 2055.81, "word": " where", "probability": 0.8935546875 }, { "start": 2055.81, "end": 2057.25, "word": " them", "probability": 0.92529296875 }, { "start": 2057.25, "end": 2057.41, "word": " it", "probability": 0.72705078125 }, { "start": 2057.41, "end": 2057.63, "word": " seems", "probability": 0.99951171875 }, { "start": 2057.63, "end": 2057.97, "word": " normal", "probability": 1.0 }, { "start": 2057.97, "end": 2058.19, "word": " but", "probability": 0.8212890625 }, { "start": 2058.19, "end": 2058.29, "word": " i", "probability": 0.78271484375 }, { "start": 2058.29, "end": 2058.41, "word": " can", "probability": 1.0 }, { "start": 2058.41, "end": 2058.59, "word": " just", "probability": 0.8408203125 }, { "start": 2058.59, "end": 2058.69, "word": " see", "probability": 1.0 }, { "start": 2058.69, "end": 2058.83, "word": " that", "probability": 1.0 }, { "start": 2058.83, "end": 2059.25, "word": " person's", "probability": 0.9814453125 }, { "start": 2059.25, "end": 2059.37, "word": " like", "probability": 0.9970703125 }, { "start": 2059.37, "end": 2059.47, "word": " in", "probability": 1.0 }, { "start": 2059.47, "end": 2059.57, "word": " a", "probability": 0.99951171875 }, { "start": 2059.57, "end": 2059.81, "word": " bubble", "probability": 0.99951171875 }, { "start": 2059.81, "end": 2060.09, "word": " now", "probability": 1.0 }, { "start": 2060.09, "end": 2060.55, "word": " like", "probability": 0.99951171875 }, { "start": 2060.55, "end": 2060.75, "word": " that", "probability": 1.0 } ] }, { "start": 2060.75, "end": 2064.85, "text": "person used to be talking about this it's on now they just they're in a deep bubble and i think the", "avg_logprob": -0.04723914074948279, "no_speech_prob": 0.0, "words": [ { "start": 2060.75, "end": 2061.03, "word": " person", "probability": 0.99951171875 }, { "start": 2061.03, "end": 2061.23, "word": " used", "probability": 1.0 }, { "start": 2061.23, "end": 2061.31, "word": " to", "probability": 1.0 }, { "start": 2061.31, "end": 2061.37, "word": " be", "probability": 0.99951171875 }, { "start": 2061.37, "end": 2061.55, "word": " talking", "probability": 0.99951171875 }, { "start": 2061.55, "end": 2061.69, "word": " about", "probability": 1.0 }, { "start": 2061.69, "end": 2061.85, "word": " this", "probability": 0.99853515625 }, { "start": 2061.85, "end": 2062.01, "word": " it's", "probability": 0.965087890625 }, { "start": 2062.01, "end": 2062.09, "word": " on", "probability": 0.99365234375 }, { "start": 2062.09, "end": 2062.25, "word": " now", "probability": 1.0 }, { "start": 2062.25, "end": 2062.37, "word": " they", "probability": 1.0 }, { "start": 2062.37, "end": 2062.55, "word": " just", "probability": 0.8642578125 }, { "start": 2062.55, "end": 2062.79, "word": " they're", "probability": 0.999755859375 }, { "start": 2062.79, "end": 2062.91, "word": " in", "probability": 1.0 }, { "start": 2062.91, "end": 2063.01, "word": " a", "probability": 1.0 }, { "start": 2063.01, "end": 2063.17, "word": " deep", "probability": 1.0 }, { "start": 2063.17, "end": 2063.53, "word": " bubble", "probability": 0.9990234375 }, { "start": 2063.53, "end": 2064.23, "word": " and", "probability": 1.0 }, { "start": 2064.23, "end": 2064.45, "word": " i", "probability": 1.0 }, { "start": 2064.45, "end": 2064.69, "word": " think", "probability": 0.90478515625 }, { "start": 2064.69, "end": 2064.85, "word": " the", "probability": 1.0 } ] }, { "start": 2064.85, "end": 2069.11, "text": "algorithm feeds into that and going back to sci-fi for example that was one of the things i thought", "avg_logprob": -0.04723914074948279, "no_speech_prob": 0.0, "words": [ { "start": 2064.85, "end": 2065.17, "word": " algorithm", "probability": 0.99951171875 }, { "start": 2065.17, "end": 2065.49, "word": " feeds", "probability": 1.0 }, { "start": 2065.49, "end": 2065.71, "word": " into", "probability": 1.0 }, { "start": 2065.71, "end": 2066.05, "word": " that", "probability": 1.0 }, { "start": 2066.05, "end": 2066.49, "word": " and", "probability": 1.0 }, { "start": 2066.49, "end": 2066.65, "word": " going", "probability": 1.0 }, { "start": 2066.65, "end": 2066.79, "word": " back", "probability": 1.0 }, { "start": 2066.79, "end": 2066.95, "word": " to", "probability": 1.0 }, { "start": 2066.95, "end": 2067.15, "word": " sci", "probability": 0.9990234375 }, { "start": 2067.15, "end": 2067.31, "word": "-fi", "probability": 0.99951171875 }, { "start": 2067.31, "end": 2067.51, "word": " for", "probability": 1.0 }, { "start": 2067.51, "end": 2067.77, "word": " example", "probability": 1.0 }, { "start": 2067.77, "end": 2067.99, "word": " that", "probability": 1.0 }, { "start": 2067.99, "end": 2068.11, "word": " was", "probability": 1.0 }, { "start": 2068.11, "end": 2068.27, "word": " one", "probability": 1.0 }, { "start": 2068.27, "end": 2068.33, "word": " of", "probability": 0.99951171875 }, { "start": 2068.33, "end": 2068.41, "word": " the", "probability": 0.998046875 }, { "start": 2068.41, "end": 2068.53, "word": " things", "probability": 0.99853515625 }, { "start": 2068.53, "end": 2068.71, "word": " i", "probability": 1.0 }, { "start": 2068.71, "end": 2069.11, "word": " thought", "probability": 0.99951171875 } ] }, { "start": 2069.11, "end": 2073.85, "text": "about a lot is like what does the internet structure even look like decades out and i kind", "avg_logprob": -0.04723914074948279, "no_speech_prob": 0.0, "words": [ { "start": 2069.11, "end": 2069.33, "word": " about", "probability": 1.0 }, { "start": 2069.33, "end": 2069.51, "word": " a", "probability": 0.99951171875 }, { "start": 2069.51, "end": 2069.63, "word": " lot", "probability": 0.99951171875 }, { "start": 2069.63, "end": 2069.81, "word": " is", "probability": 0.99072265625 }, { "start": 2069.81, "end": 2069.91, "word": " like", "probability": 0.98046875 }, { "start": 2069.91, "end": 2070.05, "word": " what", "probability": 1.0 }, { "start": 2070.05, "end": 2070.15, "word": " does", "probability": 0.9892578125 }, { "start": 2070.15, "end": 2070.27, "word": " the", "probability": 0.99853515625 }, { "start": 2070.27, "end": 2070.55, "word": " internet", "probability": 0.99951171875 }, { "start": 2070.55, "end": 2071.11, "word": " structure", "probability": 1.0 }, { "start": 2071.11, "end": 2071.37, "word": " even", "probability": 1.0 }, { "start": 2071.37, "end": 2071.61, "word": " look", "probability": 1.0 }, { "start": 2071.61, "end": 2071.87, "word": " like", "probability": 0.99951171875 }, { "start": 2071.87, "end": 2072.59, "word": " decades", "probability": 1.0 }, { "start": 2072.59, "end": 2072.93, "word": " out", "probability": 0.99951171875 }, { "start": 2072.93, "end": 2073.53, "word": " and", "probability": 1.0 }, { "start": 2073.53, "end": 2073.65, "word": " i", "probability": 1.0 }, { "start": 2073.65, "end": 2073.85, "word": " kind", "probability": 0.99951171875 } ] }, { "start": 2073.85, "end": 2082.49, "text": "of envision is almost like a two like one is like a very centralized um censored geolocated kind of", "avg_logprob": -0.04723914074948279, "no_speech_prob": 0.0, "words": [ { "start": 2073.85, "end": 2073.97, "word": " of", "probability": 0.99853515625 }, { "start": 2073.97, "end": 2074.35, "word": " envision", "probability": 0.409912109375 }, { "start": 2074.35, "end": 2074.57, "word": " is", "probability": 0.57080078125 }, { "start": 2074.57, "end": 2074.79, "word": " almost", "probability": 0.9990234375 }, { "start": 2074.79, "end": 2074.97, "word": " like", "probability": 0.99951171875 }, { "start": 2074.97, "end": 2075.09, "word": " a", "probability": 0.998046875 }, { "start": 2075.09, "end": 2075.39, "word": " two", "probability": 0.99462890625 }, { "start": 2075.39, "end": 2075.91, "word": " like", "probability": 1.0 }, { "start": 2075.91, "end": 2076.17, "word": " one", "probability": 1.0 }, { "start": 2076.17, "end": 2076.35, "word": " is", "probability": 1.0 }, { "start": 2076.35, "end": 2076.47, "word": " like", "probability": 0.98681640625 }, { "start": 2076.47, "end": 2076.55, "word": " a", "probability": 0.99951171875 }, { "start": 2076.55, "end": 2076.79, "word": " very", "probability": 0.96533203125 }, { "start": 2076.79, "end": 2077.53, "word": " centralized", "probability": 0.998046875 }, { "start": 2077.53, "end": 2078.75, "word": " um", "probability": 0.97998046875 }, { "start": 2078.75, "end": 2080.49, "word": " censored", "probability": 0.9794921875 }, { "start": 2080.49, "end": 2082.11, "word": " geolocated", "probability": 0.956787109375 }, { "start": 2082.11, "end": 2082.41, "word": " kind", "probability": 0.99951171875 }, { "start": 2082.41, "end": 2082.49, "word": " of", "probability": 0.9990234375 } ] }, { "start": 2082.49, "end": 2089.37, "text": "just fully wrapped up system. And then there's all this stuff happening on the edges. And I think", "avg_logprob": -0.09643554765110214, "no_speech_prob": 0.0, "words": [ { "start": 2082.49, "end": 2082.71, "word": " just", "probability": 0.17626953125 }, { "start": 2082.71, "end": 2083.19, "word": " fully", "probability": 0.986328125 }, { "start": 2083.19, "end": 2083.79, "word": " wrapped", "probability": 0.9853515625 }, { "start": 2083.79, "end": 2084.09, "word": " up", "probability": 0.9287109375 }, { "start": 2084.09, "end": 2085.01, "word": " system.", "probability": 0.99560546875 }, { "start": 2085.29, "end": 2085.63, "word": " And", "probability": 0.96484375 }, { "start": 2085.63, "end": 2085.73, "word": " then", "probability": 0.9990234375 }, { "start": 2085.73, "end": 2085.93, "word": " there's", "probability": 0.995361328125 }, { "start": 2085.93, "end": 2086.05, "word": " all", "probability": 0.99951171875 }, { "start": 2086.05, "end": 2086.21, "word": " this", "probability": 0.9990234375 }, { "start": 2086.21, "end": 2086.43, "word": " stuff", "probability": 1.0 }, { "start": 2086.43, "end": 2086.79, "word": " happening", "probability": 0.9990234375 }, { "start": 2086.79, "end": 2086.91, "word": " on", "probability": 0.99951171875 }, { "start": 2086.91, "end": 2087.01, "word": " the", "probability": 0.99951171875 }, { "start": 2087.01, "end": 2087.35, "word": " edges.", "probability": 0.99951171875 }, { "start": 2088.03, "end": 2088.47, "word": " And", "probability": 0.99609375 }, { "start": 2088.47, "end": 2089.21, "word": " I", "probability": 0.67529296875 }, { "start": 2089.21, "end": 2089.37, "word": " think", "probability": 0.99951171875 } ] }, { "start": 2089.37, "end": 2093.25, "text": "that's kind of the direction we're going in. But it's something I think about a lot, that centralized", "avg_logprob": -0.09643554765110214, "no_speech_prob": 0.0, "words": [ { "start": 2089.37, "end": 2089.59, "word": " that's", "probability": 0.999755859375 }, { "start": 2089.59, "end": 2089.73, "word": " kind", "probability": 0.96337890625 }, { "start": 2089.73, "end": 2089.85, "word": " of", "probability": 1.0 }, { "start": 2089.85, "end": 2090.05, "word": " the", "probability": 0.990234375 }, { "start": 2090.05, "end": 2090.53, "word": " direction", "probability": 1.0 }, { "start": 2090.53, "end": 2090.75, "word": " we're", "probability": 0.999755859375 }, { "start": 2090.75, "end": 2091.03, "word": " going", "probability": 1.0 }, { "start": 2091.03, "end": 2091.21, "word": " in.", "probability": 1.0 }, { "start": 2091.29, "end": 2091.35, "word": " But", "probability": 0.998046875 }, { "start": 2091.35, "end": 2091.49, "word": " it's", "probability": 0.999755859375 }, { "start": 2091.49, "end": 2091.65, "word": " something", "probability": 1.0 }, { "start": 2091.65, "end": 2091.77, "word": " I", "probability": 0.99853515625 }, { "start": 2091.77, "end": 2091.89, "word": " think", "probability": 1.0 }, { "start": 2091.89, "end": 2092.03, "word": " about", "probability": 0.99951171875 }, { "start": 2092.03, "end": 2092.19, "word": " a", "probability": 1.0 }, { "start": 2092.19, "end": 2092.35, "word": " lot,", "probability": 1.0 }, { "start": 2092.49, "end": 2092.59, "word": " that", "probability": 0.99951171875 }, { "start": 2092.59, "end": 2093.25, "word": " centralized", "probability": 0.98681640625 } ] }, { "start": 2093.25, "end": 2098.17, "text": "algorithm feature. And it's quietly one of the most powerful things in society and in our lives.", "avg_logprob": -0.09643554765110214, "no_speech_prob": 0.0, "words": [ { "start": 2093.25, "end": 2093.79, "word": " algorithm", "probability": 1.0 }, { "start": 2093.79, "end": 2094.29, "word": " feature.", "probability": 1.0 }, { "start": 2094.49, "end": 2094.83, "word": " And", "probability": 0.9990234375 }, { "start": 2094.83, "end": 2095.21, "word": " it's", "probability": 1.0 }, { "start": 2095.21, "end": 2095.59, "word": " quietly", "probability": 0.9853515625 }, { "start": 2095.59, "end": 2095.83, "word": " one", "probability": 0.99951171875 }, { "start": 2095.83, "end": 2095.87, "word": " of", "probability": 1.0 }, { "start": 2095.87, "end": 2095.93, "word": " the", "probability": 0.99658203125 }, { "start": 2095.93, "end": 2096.05, "word": " most", "probability": 1.0 }, { "start": 2096.05, "end": 2096.39, "word": " powerful", "probability": 1.0 }, { "start": 2096.39, "end": 2096.69, "word": " things", "probability": 1.0 }, { "start": 2096.69, "end": 2096.89, "word": " in", "probability": 1.0 }, { "start": 2096.89, "end": 2097.35, "word": " society", "probability": 0.998046875 }, { "start": 2097.35, "end": 2097.55, "word": " and", "probability": 0.62060546875 }, { "start": 2097.55, "end": 2097.73, "word": " in", "probability": 0.9951171875 }, { "start": 2097.73, "end": 2097.83, "word": " our", "probability": 1.0 }, { "start": 2097.83, "end": 2098.17, "word": " lives.", "probability": 1.0 } ] }, { "start": 2098.43, "end": 2104.63, "text": "Yeah. And I think the stakes are getting higher with AI in the picture now too. We're sort of", "avg_logprob": -0.09643554765110214, "no_speech_prob": 0.0, "words": [ { "start": 2098.43, "end": 2098.73, "word": " Yeah.", "probability": 0.958984375 }, { "start": 2098.93, "end": 2099.01, "word": " And", "probability": 0.99853515625 }, { "start": 2099.01, "end": 2099.13, "word": " I", "probability": 0.99951171875 }, { "start": 2099.13, "end": 2099.31, "word": " think", "probability": 1.0 }, { "start": 2099.31, "end": 2100.03, "word": " the", "probability": 0.85986328125 }, { "start": 2100.03, "end": 2100.67, "word": " stakes", "probability": 0.99951171875 }, { "start": 2100.67, "end": 2100.77, "word": " are", "probability": 1.0 }, { "start": 2100.77, "end": 2100.91, "word": " getting", "probability": 1.0 }, { "start": 2100.91, "end": 2101.33, "word": " higher", "probability": 1.0 }, { "start": 2101.33, "end": 2101.73, "word": " with", "probability": 0.99951171875 }, { "start": 2101.73, "end": 2102.03, "word": " AI", "probability": 0.998046875 }, { "start": 2102.03, "end": 2102.43, "word": " in", "probability": 1.0 }, { "start": 2102.43, "end": 2102.51, "word": " the", "probability": 1.0 }, { "start": 2102.51, "end": 2102.91, "word": " picture", "probability": 1.0 }, { "start": 2102.91, "end": 2103.37, "word": " now", "probability": 0.99853515625 }, { "start": 2103.37, "end": 2103.77, "word": " too.", "probability": 0.658203125 }, { "start": 2103.99, "end": 2104.37, "word": " We're", "probability": 0.89111328125 }, { "start": 2104.37, "end": 2104.51, "word": " sort", "probability": 0.927734375 }, { "start": 2104.51, "end": 2104.63, "word": " of", "probability": 1.0 } ] }, { "start": 2104.63, "end": 2112.93, "text": "seeing that. You're doing a very interesting thing. So on this two-tier, and correct me if I'm", "avg_logprob": -0.09488932516736288, "no_speech_prob": 0.0, "words": [ { "start": 2104.63, "end": 2105.03, "word": " seeing", "probability": 0.611328125 }, { "start": 2105.03, "end": 2106.39, "word": " that.", "probability": 0.56298828125 }, { "start": 2108.21, "end": 2108.73, "word": " You're", "probability": 0.9970703125 }, { "start": 2108.73, "end": 2108.89, "word": " doing", "probability": 1.0 }, { "start": 2108.89, "end": 2109.01, "word": " a", "probability": 1.0 }, { "start": 2109.01, "end": 2109.19, "word": " very", "probability": 1.0 }, { "start": 2109.19, "end": 2109.55, "word": " interesting", "probability": 1.0 }, { "start": 2109.55, "end": 2109.77, "word": " thing.", "probability": 1.0 }, { "start": 2109.91, "end": 2109.95, "word": " So", "probability": 0.7734375 }, { "start": 2109.95, "end": 2110.11, "word": " on", "probability": 0.9619140625 }, { "start": 2110.11, "end": 2110.29, "word": " this", "probability": 1.0 }, { "start": 2110.29, "end": 2110.53, "word": " two", "probability": 0.998046875 }, { "start": 2110.53, "end": 2110.97, "word": "-tier,", "probability": 0.929443359375 }, { "start": 2111.29, "end": 2111.81, "word": " and", "probability": 0.99951171875 }, { "start": 2111.81, "end": 2112.59, "word": " correct", "probability": 1.0 }, { "start": 2112.59, "end": 2112.73, "word": " me", "probability": 0.99951171875 }, { "start": 2112.73, "end": 2112.87, "word": " if", "probability": 0.99609375 }, { "start": 2112.87, "end": 2112.93, "word": " I'm", "probability": 0.999755859375 } ] }, { "start": 2112.93, "end": 2119.41, "text": "wrong, but on this two-tier economy, we've been talking about age and demographics, but it's also", "avg_logprob": -0.09488932516736288, "no_speech_prob": 0.0, "words": [ { "start": 2112.93, "end": 2113.17, "word": " wrong,", "probability": 1.0 }, { "start": 2113.29, "end": 2113.39, "word": " but", "probability": 0.998046875 }, { "start": 2113.39, "end": 2113.67, "word": " on", "probability": 1.0 }, { "start": 2113.67, "end": 2113.87, "word": " this", "probability": 1.0 }, { "start": 2113.87, "end": 2114.13, "word": " two", "probability": 1.0 }, { "start": 2114.13, "end": 2114.35, "word": "-tier", "probability": 1.0 }, { "start": 2114.35, "end": 2114.99, "word": " economy,", "probability": 1.0 }, { "start": 2115.33, "end": 2116.83, "word": " we've", "probability": 0.998779296875 }, { "start": 2116.83, "end": 2116.93, "word": " been", "probability": 1.0 }, { "start": 2116.93, "end": 2117.19, "word": " talking", "probability": 0.99951171875 }, { "start": 2117.19, "end": 2117.55, "word": " about", "probability": 1.0 }, { "start": 2117.55, "end": 2117.97, "word": " age", "probability": 1.0 }, { "start": 2117.97, "end": 2118.11, "word": " and", "probability": 1.0 }, { "start": 2118.11, "end": 2118.67, "word": " demographics,", "probability": 0.99951171875 }, { "start": 2118.67, "end": 2118.99, "word": " but", "probability": 1.0 }, { "start": 2118.99, "end": 2119.15, "word": " it's", "probability": 0.999755859375 }, { "start": 2119.15, "end": 2119.41, "word": " also", "probability": 0.994140625 } ] }, { "start": 2119.41, "end": 2126.23, "text": "sort of like so much money being centralized and directed toward the AI trade or big companies or", "avg_logprob": -0.09488932516736288, "no_speech_prob": 0.0, "words": [ { "start": 2119.41, "end": 2119.61, "word": " sort", "probability": 0.6826171875 }, { "start": 2119.61, "end": 2119.77, "word": " of", "probability": 0.99951171875 }, { "start": 2119.77, "end": 2119.99, "word": " like", "probability": 0.9794921875 }, { "start": 2119.99, "end": 2121.49, "word": " so", "probability": 0.86865234375 }, { "start": 2121.49, "end": 2121.81, "word": " much", "probability": 1.0 }, { "start": 2121.81, "end": 2122.05, "word": " money", "probability": 1.0 }, { "start": 2122.05, "end": 2122.23, "word": " being", "probability": 1.0 }, { "start": 2122.23, "end": 2122.63, "word": " centralized", "probability": 0.99365234375 }, { "start": 2122.63, "end": 2122.91, "word": " and", "probability": 1.0 }, { "start": 2122.91, "end": 2123.19, "word": " directed", "probability": 0.99755859375 }, { "start": 2123.19, "end": 2123.61, "word": " toward", "probability": 0.99951171875 }, { "start": 2123.61, "end": 2123.87, "word": " the", "probability": 1.0 }, { "start": 2123.87, "end": 2124.13, "word": " AI", "probability": 0.99853515625 }, { "start": 2124.13, "end": 2124.59, "word": " trade", "probability": 1.0 }, { "start": 2124.59, "end": 2124.97, "word": " or", "probability": 0.85595703125 }, { "start": 2124.97, "end": 2125.23, "word": " big", "probability": 1.0 }, { "start": 2125.23, "end": 2125.81, "word": " companies", "probability": 1.0 }, { "start": 2125.81, "end": 2126.23, "word": " or", "probability": 1.0 } ] }, { "start": 2126.23, "end": 2132.27, "text": "mega cap tech, and then everything else seeming to struggle. And we have interest rates right now.", "avg_logprob": -0.09488932516736288, "no_speech_prob": 0.0, "words": [ { "start": 2126.23, "end": 2126.67, "word": " mega", "probability": 0.9931640625 }, { "start": 2126.67, "end": 2127.15, "word": " cap", "probability": 0.85107421875 }, { "start": 2127.15, "end": 2127.61, "word": " tech,", "probability": 0.99951171875 }, { "start": 2127.75, "end": 2128.01, "word": " and", "probability": 1.0 }, { "start": 2128.01, "end": 2128.11, "word": " then", "probability": 0.99951171875 }, { "start": 2128.11, "end": 2128.73, "word": " everything", "probability": 1.0 }, { "start": 2128.73, "end": 2129.15, "word": " else", "probability": 1.0 }, { "start": 2129.15, "end": 2129.51, "word": " seeming", "probability": 0.998046875 }, { "start": 2129.51, "end": 2129.63, "word": " to", "probability": 0.99951171875 }, { "start": 2129.63, "end": 2130.03, "word": " struggle.", "probability": 0.9990234375 }, { "start": 2130.17, "end": 2130.69, "word": " And", "probability": 0.98779296875 }, { "start": 2130.69, "end": 2130.79, "word": " we", "probability": 1.0 }, { "start": 2130.79, "end": 2130.99, "word": " have", "probability": 1.0 }, { "start": 2130.99, "end": 2131.29, "word": " interest", "probability": 0.99951171875 }, { "start": 2131.29, "end": 2131.63, "word": " rates", "probability": 1.0 }, { "start": 2131.63, "end": 2131.89, "word": " right", "probability": 1.0 }, { "start": 2131.89, "end": 2132.27, "word": " now.", "probability": 1.0 } ] }, { "start": 2132.27, "end": 2148.71, "text": "Have we just reoriented our economy around mega that they are now the driver? Or do we need those smaller, medium-sized businesses, those sort of startups in order to have a healthy economy?", "avg_logprob": -0.12775212424722585, "no_speech_prob": 0.0, "words": [ { "start": 2132.27, "end": 2133.41, "word": " Have", "probability": 0.89404296875 }, { "start": 2133.41, "end": 2133.63, "word": " we", "probability": 1.0 }, { "start": 2133.63, "end": 2134.03, "word": " just", "probability": 1.0 }, { "start": 2134.03, "end": 2135.03, "word": " reoriented", "probability": 0.999267578125 }, { "start": 2135.03, "end": 2135.63, "word": " our", "probability": 1.0 }, { "start": 2135.63, "end": 2136.35, "word": " economy", "probability": 0.9990234375 }, { "start": 2136.35, "end": 2136.93, "word": " around", "probability": 1.0 }, { "start": 2136.93, "end": 2137.33, "word": " mega", "probability": 0.7578125 }, { "start": 2137.33, "end": 2137.89, "word": " that", "probability": 0.65869140625 }, { "start": 2137.89, "end": 2138.09, "word": " they", "probability": 1.0 }, { "start": 2138.09, "end": 2138.29, "word": " are", "probability": 1.0 }, { "start": 2138.29, "end": 2138.65, "word": " now", "probability": 1.0 }, { "start": 2138.65, "end": 2138.87, "word": " the", "probability": 1.0 }, { "start": 2138.87, "end": 2139.39, "word": " driver?", "probability": 1.0 }, { "start": 2140.19, "end": 2140.89, "word": " Or", "probability": 0.99560546875 }, { "start": 2140.89, "end": 2141.33, "word": " do", "probability": 1.0 }, { "start": 2141.33, "end": 2141.51, "word": " we", "probability": 1.0 }, { "start": 2141.51, "end": 2141.95, "word": " need", "probability": 1.0 }, { "start": 2141.95, "end": 2142.25, "word": " those", "probability": 1.0 }, { "start": 2142.25, "end": 2142.77, "word": " smaller,", "probability": 0.9990234375 }, { "start": 2143.01, "end": 2143.23, "word": " medium", "probability": 1.0 }, { "start": 2143.23, "end": 2143.57, "word": "-sized", "probability": 0.885986328125 }, { "start": 2143.57, "end": 2144.15, "word": " businesses,", "probability": 1.0 }, { "start": 2144.63, "end": 2144.81, "word": " those", "probability": 1.0 }, { "start": 2144.81, "end": 2144.99, "word": " sort", "probability": 0.99072265625 }, { "start": 2144.99, "end": 2145.19, "word": " of", "probability": 1.0 }, { "start": 2145.19, "end": 2145.99, "word": " startups", "probability": 0.99560546875 }, { "start": 2145.99, "end": 2147.29, "word": " in", "probability": 0.7021484375 }, { "start": 2147.29, "end": 2147.51, "word": " order", "probability": 1.0 }, { "start": 2147.51, "end": 2147.73, "word": " to", "probability": 1.0 }, { "start": 2147.73, "end": 2147.89, "word": " have", "probability": 1.0 }, { "start": 2147.89, "end": 2147.97, "word": " a", "probability": 1.0 }, { "start": 2147.97, "end": 2148.21, "word": " healthy", "probability": 0.99951171875 }, { "start": 2148.21, "end": 2148.71, "word": " economy?", "probability": 1.0 } ] }, { "start": 2148.71, "end": 2171.27, "text": "Well, I do think we need the startups and the smaller companies to have a healthy economy. And still, like most employment is disproportionately smaller and medium-sized businesses. I think I would separate the current kind of rapid wave of AI capex from other things because whenever you have a new technology unlock, naturally there's like a surge toward that area.", "avg_logprob": -0.06557291686534882, "no_speech_prob": 0.0, "words": [ { "start": 2148.71, "end": 2149.17, "word": " Well,", "probability": 0.95166015625 }, { "start": 2149.25, "end": 2149.33, "word": " I", "probability": 1.0 }, { "start": 2149.33, "end": 2149.51, "word": " do", "probability": 1.0 }, { "start": 2149.51, "end": 2149.67, "word": " think", "probability": 1.0 }, { "start": 2149.67, "end": 2149.79, "word": " we", "probability": 1.0 }, { "start": 2149.79, "end": 2149.91, "word": " need", "probability": 1.0 }, { "start": 2149.91, "end": 2150.05, "word": " the", "probability": 1.0 }, { "start": 2150.05, "end": 2150.37, "word": " startups", "probability": 0.9990234375 }, { "start": 2150.37, "end": 2150.95, "word": " and", "probability": 0.99658203125 }, { "start": 2150.95, "end": 2151.05, "word": " the", "probability": 1.0 }, { "start": 2151.05, "end": 2151.31, "word": " smaller", "probability": 1.0 }, { "start": 2151.31, "end": 2151.69, "word": " companies", "probability": 1.0 }, { "start": 2151.69, "end": 2151.83, "word": " to", "probability": 0.93505859375 }, { "start": 2151.83, "end": 2151.93, "word": " have", "probability": 0.8974609375 }, { "start": 2151.93, "end": 2151.99, "word": " a", "probability": 0.869140625 }, { "start": 2151.99, "end": 2152.15, "word": " healthy", "probability": 0.99951171875 }, { "start": 2152.15, "end": 2152.55, "word": " economy.", "probability": 1.0 }, { "start": 2152.81, "end": 2152.83, "word": " And", "probability": 0.99462890625 }, { "start": 2152.83, "end": 2153.11, "word": " still,", "probability": 0.99951171875 }, { "start": 2153.27, "end": 2153.37, "word": " like", "probability": 0.5810546875 }, { "start": 2153.37, "end": 2153.69, "word": " most", "probability": 0.8515625 }, { "start": 2153.69, "end": 2154.21, "word": " employment", "probability": 0.99853515625 }, { "start": 2154.21, "end": 2154.89, "word": " is", "probability": 0.9658203125 }, { "start": 2154.89, "end": 2155.85, "word": " disproportionately", "probability": 0.85009765625 }, { "start": 2155.85, "end": 2156.53, "word": " smaller", "probability": 0.99951171875 }, { "start": 2156.53, "end": 2156.69, "word": " and", "probability": 0.9208984375 }, { "start": 2156.69, "end": 2156.89, "word": " medium", "probability": 1.0 }, { "start": 2156.89, "end": 2157.13, "word": "-sized", "probability": 0.7705078125 }, { "start": 2157.13, "end": 2157.63, "word": " businesses.", "probability": 1.0 }, { "start": 2158.87, "end": 2159.39, "word": " I", "probability": 0.99951171875 }, { "start": 2159.39, "end": 2159.61, "word": " think", "probability": 0.98583984375 }, { "start": 2159.61, "end": 2159.79, "word": " I", "probability": 0.9990234375 }, { "start": 2159.79, "end": 2160.05, "word": " would", "probability": 1.0 }, { "start": 2160.05, "end": 2160.41, "word": " separate", "probability": 1.0 }, { "start": 2160.41, "end": 2160.65, "word": " the", "probability": 1.0 }, { "start": 2160.65, "end": 2161.13, "word": " current", "probability": 1.0 }, { "start": 2161.13, "end": 2161.37, "word": " kind", "probability": 0.99609375 }, { "start": 2161.37, "end": 2161.53, "word": " of", "probability": 1.0 }, { "start": 2161.53, "end": 2161.97, "word": " rapid", "probability": 1.0 }, { "start": 2161.97, "end": 2162.61, "word": " wave", "probability": 1.0 }, { "start": 2162.61, "end": 2162.99, "word": " of", "probability": 1.0 }, { "start": 2162.99, "end": 2163.39, "word": " AI", "probability": 0.9990234375 }, { "start": 2163.39, "end": 2163.91, "word": " capex", "probability": 0.77734375 }, { "start": 2163.91, "end": 2165.35, "word": " from", "probability": 0.99951171875 }, { "start": 2165.35, "end": 2165.57, "word": " other", "probability": 1.0 }, { "start": 2165.57, "end": 2165.93, "word": " things", "probability": 1.0 }, { "start": 2165.93, "end": 2166.21, "word": " because", "probability": 0.658203125 }, { "start": 2166.21, "end": 2167.09, "word": " whenever", "probability": 0.99951171875 }, { "start": 2167.09, "end": 2167.29, "word": " you", "probability": 1.0 }, { "start": 2167.29, "end": 2167.43, "word": " have", "probability": 1.0 }, { "start": 2167.43, "end": 2167.51, "word": " a", "probability": 1.0 }, { "start": 2167.51, "end": 2167.63, "word": " new", "probability": 1.0 }, { "start": 2167.63, "end": 2168.11, "word": " technology", "probability": 1.0 }, { "start": 2168.11, "end": 2168.57, "word": " unlock,", "probability": 0.98388671875 }, { "start": 2169.03, "end": 2169.49, "word": " naturally", "probability": 0.9990234375 }, { "start": 2169.49, "end": 2169.79, "word": " there's", "probability": 0.839599609375 }, { "start": 2169.79, "end": 2169.89, "word": " like", "probability": 0.98681640625 }, { "start": 2169.89, "end": 2170.01, "word": " a", "probability": 1.0 }, { "start": 2170.01, "end": 2170.45, "word": " surge", "probability": 1.0 }, { "start": 2170.45, "end": 2170.85, "word": " toward", "probability": 1.0 }, { "start": 2170.85, "end": 2171.05, "word": " that", "probability": 1.0 }, { "start": 2171.05, "end": 2171.27, "word": " area.", "probability": 1.0 } ] }, { "start": 2171.27, "end": 2175.55, "text": "it doesn't mean that that that rate is going to continue forever uh it just kind of means you're", "avg_logprob": -0.07093897651670114, "no_speech_prob": 0.0, "words": [ { "start": 2171.27, "end": 2171.45, "word": " it", "probability": 0.16357421875 }, { "start": 2171.45, "end": 2171.67, "word": " doesn't", "probability": 0.998046875 }, { "start": 2171.67, "end": 2171.79, "word": " mean", "probability": 0.99951171875 }, { "start": 2171.79, "end": 2171.93, "word": " that", "probability": 0.9990234375 }, { "start": 2171.93, "end": 2172.15, "word": " that", "probability": 0.8984375 }, { "start": 2172.15, "end": 2172.33, "word": " that", "probability": 0.1875 }, { "start": 2172.33, "end": 2172.97, "word": " rate", "probability": 0.99462890625 }, { "start": 2172.97, "end": 2173.25, "word": " is", "probability": 0.9990234375 }, { "start": 2173.25, "end": 2173.39, "word": " going", "probability": 0.95947265625 }, { "start": 2173.39, "end": 2173.47, "word": " to", "probability": 0.99951171875 }, { "start": 2173.47, "end": 2173.77, "word": " continue", "probability": 0.99951171875 }, { "start": 2173.77, "end": 2174.19, "word": " forever", "probability": 0.99853515625 }, { "start": 2174.19, "end": 2174.65, "word": " uh", "probability": 0.61669921875 }, { "start": 2174.65, "end": 2174.91, "word": " it", "probability": 0.99951171875 }, { "start": 2174.91, "end": 2175.05, "word": " just", "probability": 1.0 }, { "start": 2175.05, "end": 2175.17, "word": " kind", "probability": 0.99755859375 }, { "start": 2175.17, "end": 2175.23, "word": " of", "probability": 0.9990234375 }, { "start": 2175.23, "end": 2175.41, "word": " means", "probability": 0.99853515625 }, { "start": 2175.41, "end": 2175.55, "word": " you're", "probability": 0.999755859375 } ] }, { "start": 2175.55, "end": 2182.05, "text": "going from zero to one because some low-hanging fruit or some some unlock has happened uh whether", "avg_logprob": -0.07093897651670114, "no_speech_prob": 0.0, "words": [ { "start": 2175.55, "end": 2175.75, "word": " going", "probability": 0.9990234375 }, { "start": 2175.75, "end": 2175.93, "word": " from", "probability": 0.9990234375 }, { "start": 2175.93, "end": 2176.19, "word": " zero", "probability": 0.9853515625 }, { "start": 2176.19, "end": 2176.31, "word": " to", "probability": 1.0 }, { "start": 2176.31, "end": 2176.71, "word": " one", "probability": 0.99951171875 }, { "start": 2176.71, "end": 2177.63, "word": " because", "probability": 0.99951171875 }, { "start": 2177.63, "end": 2178.21, "word": " some", "probability": 1.0 }, { "start": 2178.21, "end": 2178.57, "word": " low", "probability": 1.0 }, { "start": 2178.57, "end": 2178.89, "word": "-hanging", "probability": 0.9187825520833334 }, { "start": 2178.89, "end": 2179.27, "word": " fruit", "probability": 1.0 }, { "start": 2179.27, "end": 2179.45, "word": " or", "probability": 1.0 }, { "start": 2179.45, "end": 2179.67, "word": " some", "probability": 1.0 }, { "start": 2179.67, "end": 2179.93, "word": " some", "probability": 0.98291015625 }, { "start": 2179.93, "end": 2180.33, "word": " unlock", "probability": 0.99755859375 }, { "start": 2180.33, "end": 2180.61, "word": " has", "probability": 0.9990234375 }, { "start": 2180.61, "end": 2181.03, "word": " happened", "probability": 0.99951171875 }, { "start": 2181.03, "end": 2181.73, "word": " uh", "probability": 0.89013671875 }, { "start": 2181.73, "end": 2182.05, "word": " whether", "probability": 0.99951171875 } ] }, { "start": 2182.05, "end": 2186.65, "text": "it's for example the tech finally coming into place to make real railroads work or you know", "avg_logprob": -0.07093897651670114, "no_speech_prob": 0.0, "words": [ { "start": 2182.05, "end": 2182.23, "word": " it's", "probability": 0.99609375 }, { "start": 2182.23, "end": 2182.35, "word": " for", "probability": 0.99951171875 }, { "start": 2182.35, "end": 2182.59, "word": " example", "probability": 0.99072265625 }, { "start": 2182.59, "end": 2182.79, "word": " the", "probability": 0.9990234375 }, { "start": 2182.79, "end": 2183.03, "word": " tech", "probability": 0.99951171875 }, { "start": 2183.03, "end": 2183.35, "word": " finally", "probability": 0.9990234375 }, { "start": 2183.35, "end": 2183.59, "word": " coming", "probability": 1.0 }, { "start": 2183.59, "end": 2183.77, "word": " into", "probability": 0.99951171875 }, { "start": 2183.77, "end": 2184.03, "word": " place", "probability": 1.0 }, { "start": 2184.03, "end": 2184.19, "word": " to", "probability": 1.0 }, { "start": 2184.19, "end": 2184.33, "word": " make", "probability": 0.99951171875 }, { "start": 2184.33, "end": 2184.57, "word": " real", "probability": 0.64501953125 }, { "start": 2184.57, "end": 2185.31, "word": " railroads", "probability": 0.7470703125 }, { "start": 2185.31, "end": 2185.61, "word": " work", "probability": 0.9990234375 }, { "start": 2185.61, "end": 2186.19, "word": " or", "probability": 0.9990234375 }, { "start": 2186.19, "end": 2186.59, "word": " you", "probability": 0.9970703125 }, { "start": 2186.59, "end": 2186.65, "word": " know", "probability": 0.998046875 } ] }, { "start": 2186.65, "end": 2191.91, "text": "once they had both aluminum and hydrocarbons suddenly the entire field of of aviation just", "avg_logprob": -0.07093897651670114, "no_speech_prob": 0.0, "words": [ { "start": 2186.65, "end": 2186.85, "word": " once", "probability": 0.99951171875 }, { "start": 2186.85, "end": 2186.99, "word": " they", "probability": 1.0 }, { "start": 2186.99, "end": 2187.19, "word": " had", "probability": 1.0 }, { "start": 2187.19, "end": 2187.45, "word": " both", "probability": 0.99951171875 }, { "start": 2187.45, "end": 2187.87, "word": " aluminum", "probability": 0.99462890625 }, { "start": 2187.87, "end": 2188.21, "word": " and", "probability": 1.0 }, { "start": 2188.21, "end": 2188.99, "word": " hydrocarbons", "probability": 0.9983723958333334 }, { "start": 2188.99, "end": 2189.59, "word": " suddenly", "probability": 0.9990234375 }, { "start": 2189.59, "end": 2189.89, "word": " the", "probability": 1.0 }, { "start": 2189.89, "end": 2190.29, "word": " entire", "probability": 0.99951171875 }, { "start": 2190.29, "end": 2190.65, "word": " field", "probability": 1.0 }, { "start": 2190.65, "end": 2190.89, "word": " of", "probability": 1.0 }, { "start": 2190.89, "end": 2191.15, "word": " of", "probability": 0.888671875 }, { "start": 2191.15, "end": 2191.63, "word": " aviation", "probability": 0.99951171875 }, { "start": 2191.63, "end": 2191.91, "word": " just", "probability": 1.0 } ] }, { "start": 2191.91, "end": 2197.33, "text": "opens up uh whereas like you spent thousands of years going practically nowhere on flight you know", "avg_logprob": -0.07093897651670114, "no_speech_prob": 0.0, "words": [ { "start": 2191.91, "end": 2192.25, "word": " opens", "probability": 1.0 }, { "start": 2192.25, "end": 2192.49, "word": " up", "probability": 1.0 }, { "start": 2192.49, "end": 2193.29, "word": " uh", "probability": 0.9716796875 }, { "start": 2193.29, "end": 2193.83, "word": " whereas", "probability": 0.99755859375 }, { "start": 2193.83, "end": 2193.99, "word": " like", "probability": 0.9990234375 }, { "start": 2193.99, "end": 2194.11, "word": " you", "probability": 0.970703125 }, { "start": 2194.11, "end": 2194.35, "word": " spent", "probability": 0.81982421875 }, { "start": 2194.35, "end": 2195.33, "word": " thousands", "probability": 0.99853515625 }, { "start": 2195.33, "end": 2195.51, "word": " of", "probability": 0.99951171875 }, { "start": 2195.51, "end": 2195.67, "word": " years", "probability": 0.99951171875 }, { "start": 2195.67, "end": 2195.91, "word": " going", "probability": 0.99951171875 }, { "start": 2195.91, "end": 2196.21, "word": " practically", "probability": 0.99951171875 }, { "start": 2196.21, "end": 2196.55, "word": " nowhere", "probability": 0.9970703125 }, { "start": 2196.55, "end": 2196.81, "word": " on", "probability": 0.99951171875 }, { "start": 2196.81, "end": 2197.13, "word": " flight", "probability": 0.9990234375 }, { "start": 2197.13, "end": 2197.33, "word": " you", "probability": 0.99462890625 }, { "start": 2197.33, "end": 2197.33, "word": " know", "probability": 0.99853515625 } ] }, { "start": 2197.33, "end": 2201.37, "text": "we made a little progress with balloons and then but once you have hydrocarbons and aluminum", "avg_logprob": -0.1015624985364931, "no_speech_prob": 0.0, "words": [ { "start": 2197.33, "end": 2197.43, "word": " we", "probability": 0.314697265625 }, { "start": 2197.43, "end": 2197.55, "word": " made", "probability": 0.9921875 }, { "start": 2197.55, "end": 2197.65, "word": " a", "probability": 0.99755859375 }, { "start": 2197.65, "end": 2197.75, "word": " little", "probability": 0.99951171875 }, { "start": 2197.75, "end": 2198.13, "word": " progress", "probability": 0.99560546875 }, { "start": 2198.13, "end": 2198.27, "word": " with", "probability": 0.87890625 }, { "start": 2198.27, "end": 2198.67, "word": " balloons", "probability": 0.8876953125 }, { "start": 2198.67, "end": 2199.23, "word": " and", "probability": 0.3818359375 }, { "start": 2199.23, "end": 2199.33, "word": " then", "probability": 0.9833984375 }, { "start": 2199.33, "end": 2199.45, "word": " but", "probability": 0.2076416015625 }, { "start": 2199.45, "end": 2199.65, "word": " once", "probability": 0.994140625 }, { "start": 2199.65, "end": 2199.77, "word": " you", "probability": 0.99951171875 }, { "start": 2199.77, "end": 2199.95, "word": " have", "probability": 0.9990234375 }, { "start": 2199.95, "end": 2200.75, "word": " hydrocarbons", "probability": 0.9925130208333334 }, { "start": 2200.75, "end": 2201.03, "word": " and", "probability": 0.99462890625 }, { "start": 2201.03, "end": 2201.37, "word": " aluminum", "probability": 0.98779296875 } ] }, { "start": 2202.01, "end": 2206.91, "text": "you know this the the the runner weight for for years and decades is really big but then it levels", "avg_logprob": -0.1015624985364931, "no_speech_prob": 0.0, "words": [ { "start": 2202.01, "end": 2202.45, "word": " you", "probability": 0.484619140625 }, { "start": 2202.45, "end": 2202.59, "word": " know", "probability": 0.9931640625 }, { "start": 2202.59, "end": 2202.87, "word": " this", "probability": 0.56982421875 }, { "start": 2202.87, "end": 2203.13, "word": " the", "probability": 0.98095703125 }, { "start": 2203.13, "end": 2203.43, "word": " the", "probability": 0.89453125 }, { "start": 2203.43, "end": 2203.69, "word": " the", "probability": 0.56201171875 }, { "start": 2203.69, "end": 2204.05, "word": " runner", "probability": 0.5859375 }, { "start": 2204.05, "end": 2204.35, "word": " weight", "probability": 0.79052734375 }, { "start": 2204.35, "end": 2204.59, "word": " for", "probability": 0.9990234375 }, { "start": 2204.59, "end": 2204.81, "word": " for", "probability": 0.9609375 }, { "start": 2204.81, "end": 2205.31, "word": " years", "probability": 0.564453125 }, { "start": 2205.31, "end": 2205.45, "word": " and", "probability": 0.91357421875 }, { "start": 2205.45, "end": 2205.67, "word": " decades", "probability": 0.9892578125 }, { "start": 2205.67, "end": 2205.95, "word": " is", "probability": 0.9912109375 }, { "start": 2205.95, "end": 2206.09, "word": " really", "probability": 0.99951171875 }, { "start": 2206.09, "end": 2206.27, "word": " big", "probability": 0.99951171875 }, { "start": 2206.27, "end": 2206.43, "word": " but", "probability": 0.9951171875 }, { "start": 2206.43, "end": 2206.55, "word": " then", "probability": 1.0 }, { "start": 2206.55, "end": 2206.67, "word": " it", "probability": 1.0 }, { "start": 2206.67, "end": 2206.91, "word": " levels", "probability": 0.99951171875 } ] }, { "start": 2206.91, "end": 2213.73, "text": "out um once you kind of get the benefits of that unlock or get good and and so i think that you", "avg_logprob": -0.1015624985364931, "no_speech_prob": 0.0, "words": [ { "start": 2206.91, "end": 2207.25, "word": " out", "probability": 1.0 }, { "start": 2207.25, "end": 2208.03, "word": " um", "probability": 0.9150390625 }, { "start": 2208.03, "end": 2208.65, "word": " once", "probability": 0.99951171875 }, { "start": 2208.65, "end": 2208.75, "word": " you", "probability": 1.0 }, { "start": 2208.75, "end": 2208.89, "word": " kind", "probability": 1.0 }, { "start": 2208.89, "end": 2208.99, "word": " of", "probability": 1.0 }, { "start": 2208.99, "end": 2209.95, "word": " get", "probability": 0.99609375 }, { "start": 2209.95, "end": 2210.11, "word": " the", "probability": 1.0 }, { "start": 2210.11, "end": 2210.51, "word": " benefits", "probability": 0.99951171875 }, { "start": 2210.51, "end": 2210.65, "word": " of", "probability": 0.9970703125 }, { "start": 2210.65, "end": 2210.75, "word": " that", "probability": 1.0 }, { "start": 2210.75, "end": 2211.09, "word": " unlock", "probability": 0.9990234375 }, { "start": 2211.09, "end": 2211.39, "word": " or", "probability": 0.9990234375 }, { "start": 2211.39, "end": 2211.63, "word": " get", "probability": 0.96826171875 }, { "start": 2211.63, "end": 2211.89, "word": " good", "probability": 0.62548828125 }, { "start": 2211.89, "end": 2212.33, "word": " and", "probability": 0.99951171875 }, { "start": 2212.33, "end": 2212.49, "word": " and", "probability": 0.86328125 }, { "start": 2212.49, "end": 2212.59, "word": " so", "probability": 1.0 }, { "start": 2212.59, "end": 2212.67, "word": " i", "probability": 0.94482421875 }, { "start": 2212.67, "end": 2212.81, "word": " think", "probability": 1.0 }, { "start": 2212.81, "end": 2212.99, "word": " that", "probability": 1.0 }, { "start": 2212.99, "end": 2213.73, "word": " you", "probability": 0.85986328125 } ] }, { "start": 2213.73, "end": 2217.91, "text": "know obviously the combination of hardware and software has gotten good enough now it has this", "avg_logprob": -0.1015624985364931, "no_speech_prob": 0.0, "words": [ { "start": 2213.73, "end": 2213.79, "word": " know", "probability": 1.0 }, { "start": 2213.79, "end": 2214.15, "word": " obviously", "probability": 0.99951171875 }, { "start": 2214.15, "end": 2214.41, "word": " the", "probability": 0.99853515625 }, { "start": 2214.41, "end": 2214.79, "word": " combination", "probability": 1.0 }, { "start": 2214.79, "end": 2214.99, "word": " of", "probability": 1.0 }, { "start": 2214.99, "end": 2215.27, "word": " hardware", "probability": 1.0 }, { "start": 2215.27, "end": 2215.45, "word": " and", "probability": 1.0 }, { "start": 2215.45, "end": 2215.75, "word": " software", "probability": 1.0 }, { "start": 2215.75, "end": 2215.91, "word": " has", "probability": 0.99853515625 }, { "start": 2215.91, "end": 2216.11, "word": " gotten", "probability": 1.0 }, { "start": 2216.11, "end": 2216.35, "word": " good", "probability": 1.0 }, { "start": 2216.35, "end": 2216.59, "word": " enough", "probability": 0.99951171875 }, { "start": 2216.59, "end": 2216.87, "word": " now", "probability": 0.99951171875 }, { "start": 2216.87, "end": 2217.45, "word": " it", "probability": 0.99951171875 }, { "start": 2217.45, "end": 2217.71, "word": " has", "probability": 1.0 }, { "start": 2217.71, "end": 2217.91, "word": " this", "probability": 1.0 } ] }, { "start": 2217.91, "end": 2222.95, "text": "new unlock and it can do things that it couldn't do a few years ago and so there's a there's a", "avg_logprob": -0.1015624985364931, "no_speech_prob": 0.0, "words": [ { "start": 2217.91, "end": 2218.07, "word": " new", "probability": 0.99951171875 }, { "start": 2218.07, "end": 2218.63, "word": " unlock", "probability": 0.99951171875 }, { "start": 2218.63, "end": 2219.13, "word": " and", "probability": 1.0 }, { "start": 2219.13, "end": 2219.21, "word": " it", "probability": 1.0 }, { "start": 2219.21, "end": 2219.31, "word": " can", "probability": 1.0 }, { "start": 2219.31, "end": 2219.55, "word": " do", "probability": 1.0 }, { "start": 2219.55, "end": 2219.85, "word": " things", "probability": 1.0 }, { "start": 2219.85, "end": 2220.01, "word": " that", "probability": 1.0 }, { "start": 2220.01, "end": 2220.31, "word": " it", "probability": 0.98828125 }, { "start": 2220.31, "end": 2220.63, "word": " couldn't", "probability": 0.6981201171875 }, { "start": 2220.63, "end": 2220.77, "word": " do", "probability": 1.0 }, { "start": 2220.77, "end": 2220.93, "word": " a", "probability": 1.0 }, { "start": 2220.93, "end": 2221.03, "word": " few", "probability": 0.99951171875 }, { "start": 2221.03, "end": 2221.29, "word": " years", "probability": 1.0 }, { "start": 2221.29, "end": 2221.59, "word": " ago", "probability": 0.99951171875 }, { "start": 2221.59, "end": 2222.25, "word": " and", "probability": 0.99951171875 }, { "start": 2222.25, "end": 2222.37, "word": " so", "probability": 1.0 }, { "start": 2222.37, "end": 2222.55, "word": " there's", "probability": 1.0 }, { "start": 2222.55, "end": 2222.65, "word": " a", "probability": 0.97412109375 }, { "start": 2222.65, "end": 2222.85, "word": " there's", "probability": 0.988525390625 }, { "start": 2222.85, "end": 2222.95, "word": " a", "probability": 1.0 } ] }, { "start": 2222.95, "end": 2229.41, "text": "massive temporary reorganization around where we put our resources um now the good news is like so", "avg_logprob": -0.05078124899542733, "no_speech_prob": 0.0, "words": [ { "start": 2222.95, "end": 2223.37, "word": " massive", "probability": 0.7978515625 }, { "start": 2223.37, "end": 2224.11, "word": " temporary", "probability": 0.94580078125 }, { "start": 2224.11, "end": 2225.27, "word": " reorganization", "probability": 0.99462890625 }, { "start": 2225.27, "end": 2225.53, "word": " around", "probability": 0.99609375 }, { "start": 2225.53, "end": 2225.75, "word": " where", "probability": 0.990234375 }, { "start": 2225.75, "end": 2225.89, "word": " we", "probability": 0.99951171875 }, { "start": 2225.89, "end": 2226.03, "word": " put", "probability": 0.99951171875 }, { "start": 2226.03, "end": 2226.15, "word": " our", "probability": 0.9990234375 }, { "start": 2226.15, "end": 2226.67, "word": " resources", "probability": 0.99951171875 }, { "start": 2226.67, "end": 2227.61, "word": " um", "probability": 0.08599853515625 }, { "start": 2227.61, "end": 2228.33, "word": " now", "probability": 0.99755859375 }, { "start": 2228.33, "end": 2228.49, "word": " the", "probability": 1.0 }, { "start": 2228.49, "end": 2228.67, "word": " good", "probability": 0.9990234375 }, { "start": 2228.67, "end": 2228.83, "word": " news", "probability": 0.9951171875 }, { "start": 2228.83, "end": 2229.01, "word": " is", "probability": 0.99951171875 }, { "start": 2229.01, "end": 2229.19, "word": " like", "probability": 0.99658203125 }, { "start": 2229.19, "end": 2229.41, "word": " so", "probability": 0.99951171875 } ] }, { "start": 2229.41, "end": 2236.31, "text": "so for example in the 2010s a lot of the the rising tech companies um like a lot of that", "avg_logprob": -0.05078124899542733, "no_speech_prob": 0.0, "words": [ { "start": 2229.41, "end": 2229.81, "word": " so", "probability": 0.98046875 }, { "start": 2229.81, "end": 2230.15, "word": " for", "probability": 0.99951171875 }, { "start": 2230.15, "end": 2230.39, "word": " example", "probability": 0.9990234375 }, { "start": 2230.39, "end": 2230.55, "word": " in", "probability": 0.99951171875 }, { "start": 2230.55, "end": 2230.61, "word": " the", "probability": 0.998046875 }, { "start": 2230.61, "end": 2231.39, "word": " 2010s", "probability": 0.99609375 }, { "start": 2231.39, "end": 2231.63, "word": " a", "probability": 1.0 }, { "start": 2231.63, "end": 2231.77, "word": " lot", "probability": 1.0 }, { "start": 2231.77, "end": 2231.95, "word": " of", "probability": 1.0 }, { "start": 2231.95, "end": 2232.15, "word": " the", "probability": 1.0 }, { "start": 2232.15, "end": 2232.37, "word": " the", "probability": 0.9931640625 }, { "start": 2232.37, "end": 2232.83, "word": " rising", "probability": 1.0 }, { "start": 2232.83, "end": 2233.09, "word": " tech", "probability": 1.0 }, { "start": 2233.09, "end": 2233.53, "word": " companies", "probability": 0.99951171875 }, { "start": 2233.53, "end": 2234.79, "word": " um", "probability": 0.9990234375 }, { "start": 2234.79, "end": 2235.77, "word": " like", "probability": 1.0 }, { "start": 2235.77, "end": 2235.91, "word": " a", "probability": 1.0 }, { "start": 2235.91, "end": 2235.99, "word": " lot", "probability": 0.99951171875 }, { "start": 2235.99, "end": 2236.11, "word": " of", "probability": 0.99951171875 }, { "start": 2236.11, "end": 2236.31, "word": " that", "probability": 0.99951171875 } ] }, { "start": 2236.31, "end": 2242.67, "text": "kind of value concentrated in them uh and the i think the good news about ai is that even though", "avg_logprob": -0.05078124899542733, "no_speech_prob": 0.0, "words": [ { "start": 2236.31, "end": 2236.61, "word": " kind", "probability": 1.0 }, { "start": 2236.61, "end": 2236.75, "word": " of", "probability": 0.99853515625 }, { "start": 2236.75, "end": 2237.23, "word": " value", "probability": 0.99951171875 }, { "start": 2237.23, "end": 2237.91, "word": " concentrated", "probability": 0.99951171875 }, { "start": 2237.91, "end": 2238.17, "word": " in", "probability": 1.0 }, { "start": 2238.17, "end": 2238.49, "word": " them", "probability": 0.998046875 }, { "start": 2238.49, "end": 2239.39, "word": " uh", "probability": 0.99560546875 }, { "start": 2239.39, "end": 2240.07, "word": " and", "probability": 0.96142578125 }, { "start": 2240.07, "end": 2240.69, "word": " the", "probability": 0.99951171875 }, { "start": 2240.69, "end": 2240.93, "word": " i", "probability": 0.8388671875 }, { "start": 2240.93, "end": 2241.05, "word": " think", "probability": 1.0 }, { "start": 2241.05, "end": 2241.19, "word": " the", "probability": 0.9990234375 }, { "start": 2241.19, "end": 2241.31, "word": " good", "probability": 0.99755859375 }, { "start": 2241.31, "end": 2241.43, "word": " news", "probability": 0.9990234375 }, { "start": 2241.43, "end": 2241.59, "word": " about", "probability": 0.99951171875 }, { "start": 2241.59, "end": 2241.89, "word": " ai", "probability": 0.98779296875 }, { "start": 2241.89, "end": 2242.23, "word": " is", "probability": 1.0 }, { "start": 2242.23, "end": 2242.33, "word": " that", "probability": 0.9892578125 }, { "start": 2242.33, "end": 2242.51, "word": " even", "probability": 0.99951171875 }, { "start": 2242.51, "end": 2242.67, "word": " though", "probability": 1.0 } ] }, { "start": 2242.67, "end": 2250.39, "text": "obviously the the winners of that get very large uh the end users still are a major benefit if they", "avg_logprob": -0.05078124899542733, "no_speech_prob": 0.0, "words": [ { "start": 2242.67, "end": 2243.11, "word": " obviously", "probability": 0.99658203125 }, { "start": 2243.11, "end": 2243.61, "word": " the", "probability": 1.0 }, { "start": 2243.61, "end": 2243.85, "word": " the", "probability": 0.99951171875 }, { "start": 2243.85, "end": 2244.33, "word": " winners", "probability": 0.9384765625 }, { "start": 2244.33, "end": 2244.55, "word": " of", "probability": 0.99609375 }, { "start": 2244.55, "end": 2244.63, "word": " that", "probability": 0.99951171875 }, { "start": 2244.63, "end": 2244.83, "word": " get", "probability": 0.99951171875 }, { "start": 2244.83, "end": 2245.11, "word": " very", "probability": 1.0 }, { "start": 2245.11, "end": 2245.63, "word": " large", "probability": 1.0 }, { "start": 2245.63, "end": 2246.29, "word": " uh", "probability": 0.98046875 }, { "start": 2246.29, "end": 2246.57, "word": " the", "probability": 1.0 }, { "start": 2246.57, "end": 2246.89, "word": " end", "probability": 1.0 }, { "start": 2246.89, "end": 2247.37, "word": " users", "probability": 0.9990234375 }, { "start": 2247.37, "end": 2248.41, "word": " still", "probability": 0.99951171875 }, { "start": 2248.41, "end": 2248.75, "word": " are", "probability": 1.0 }, { "start": 2248.75, "end": 2248.97, "word": " a", "probability": 1.0 }, { "start": 2248.97, "end": 2249.59, "word": " major", "probability": 0.75390625 }, { "start": 2249.59, "end": 2250.07, "word": " benefit", "probability": 1.0 }, { "start": 2250.07, "end": 2250.29, "word": " if", "probability": 1.0 }, { "start": 2250.29, "end": 2250.39, "word": " they", "probability": 0.99951171875 } ] }, { "start": 2250.39, "end": 2256.71, "text": "use it correctly. I mean, in some ways it's never been an easier time or better time to start a", "avg_logprob": -0.05008107174258187, "no_speech_prob": 0.0, "words": [ { "start": 2250.39, "end": 2250.57, "word": " use", "probability": 0.84521484375 }, { "start": 2250.57, "end": 2250.67, "word": " it", "probability": 0.99951171875 }, { "start": 2250.67, "end": 2251.07, "word": " correctly.", "probability": 0.9990234375 }, { "start": 2251.75, "end": 2252.27, "word": " I", "probability": 0.67138671875 }, { "start": 2252.27, "end": 2252.39, "word": " mean,", "probability": 0.99951171875 }, { "start": 2252.47, "end": 2252.81, "word": " in", "probability": 0.99951171875 }, { "start": 2252.81, "end": 2252.99, "word": " some", "probability": 1.0 }, { "start": 2252.99, "end": 2253.13, "word": " ways", "probability": 1.0 }, { "start": 2253.13, "end": 2253.35, "word": " it's", "probability": 0.6806640625 }, { "start": 2253.35, "end": 2253.63, "word": " never", "probability": 0.99951171875 }, { "start": 2253.63, "end": 2253.99, "word": " been", "probability": 1.0 }, { "start": 2253.99, "end": 2254.31, "word": " an", "probability": 0.67236328125 }, { "start": 2254.31, "end": 2254.85, "word": " easier", "probability": 0.9990234375 }, { "start": 2254.85, "end": 2255.33, "word": " time", "probability": 0.9951171875 }, { "start": 2255.33, "end": 2255.57, "word": " or", "probability": 0.98974609375 }, { "start": 2255.57, "end": 2255.83, "word": " better", "probability": 0.919921875 }, { "start": 2255.83, "end": 2256.19, "word": " time", "probability": 0.99853515625 }, { "start": 2256.19, "end": 2256.35, "word": " to", "probability": 0.998046875 }, { "start": 2256.35, "end": 2256.55, "word": " start", "probability": 0.99951171875 }, { "start": 2256.55, "end": 2256.71, "word": " a", "probability": 0.99755859375 } ] }, { "start": 2256.71, "end": 2262.79, "text": "small business because instead of asking someone else for capital, now some businesses still need", "avg_logprob": -0.05008107174258187, "no_speech_prob": 0.0, "words": [ { "start": 2256.71, "end": 2256.93, "word": " small", "probability": 0.9921875 }, { "start": 2256.93, "end": 2257.45, "word": " business", "probability": 0.99951171875 }, { "start": 2257.45, "end": 2258.35, "word": " because", "probability": 0.908203125 }, { "start": 2258.35, "end": 2259.35, "word": " instead", "probability": 0.9716796875 }, { "start": 2259.35, "end": 2259.53, "word": " of", "probability": 1.0 }, { "start": 2259.53, "end": 2259.89, "word": " asking", "probability": 1.0 }, { "start": 2259.89, "end": 2260.15, "word": " someone", "probability": 0.99853515625 }, { "start": 2260.15, "end": 2260.35, "word": " else", "probability": 0.99951171875 }, { "start": 2260.35, "end": 2260.51, "word": " for", "probability": 0.99951171875 }, { "start": 2260.51, "end": 2260.97, "word": " capital,", "probability": 0.9990234375 }, { "start": 2261.39, "end": 2261.85, "word": " now", "probability": 0.7841796875 }, { "start": 2261.85, "end": 2262.05, "word": " some", "probability": 0.97265625 }, { "start": 2262.05, "end": 2262.37, "word": " businesses", "probability": 0.99755859375 }, { "start": 2262.37, "end": 2262.63, "word": " still", "probability": 1.0 }, { "start": 2262.63, "end": 2262.79, "word": " need", "probability": 1.0 } ] }, { "start": 2262.79, "end": 2268.31, "text": "capital, but just the amount of resources and things you can do with a very small team", "avg_logprob": -0.05008107174258187, "no_speech_prob": 0.0, "words": [ { "start": 2262.79, "end": 2263.25, "word": " capital,", "probability": 0.99951171875 }, { "start": 2263.63, "end": 2264.37, "word": " but", "probability": 0.998046875 }, { "start": 2264.37, "end": 2264.55, "word": " just", "probability": 0.98388671875 }, { "start": 2264.55, "end": 2265.05, "word": " the", "probability": 0.99951171875 }, { "start": 2265.05, "end": 2265.35, "word": " amount", "probability": 0.99755859375 }, { "start": 2265.35, "end": 2265.55, "word": " of", "probability": 1.0 }, { "start": 2265.55, "end": 2266.03, "word": " resources", "probability": 1.0 }, { "start": 2266.03, "end": 2266.31, "word": " and", "probability": 0.99951171875 }, { "start": 2266.31, "end": 2266.51, "word": " things", "probability": 0.99951171875 }, { "start": 2266.51, "end": 2266.65, "word": " you", "probability": 0.99951171875 }, { "start": 2266.65, "end": 2266.79, "word": " can", "probability": 1.0 }, { "start": 2266.79, "end": 2267.09, "word": " do", "probability": 1.0 }, { "start": 2267.09, "end": 2267.29, "word": " with", "probability": 0.99951171875 }, { "start": 2267.29, "end": 2267.37, "word": " a", "probability": 1.0 }, { "start": 2267.37, "end": 2267.51, "word": " very", "probability": 0.99365234375 }, { "start": 2267.51, "end": 2267.85, "word": " small", "probability": 1.0 }, { "start": 2267.85, "end": 2268.31, "word": " team", "probability": 1.0 } ] }, { "start": 2268.31, "end": 2275.03, "text": "has never been better. So it's more like it separates people that are willing and able to", "avg_logprob": -0.05008107174258187, "no_speech_prob": 0.0, "words": [ { "start": 2268.31, "end": 2269.25, "word": " has", "probability": 0.9736328125 }, { "start": 2269.25, "end": 2269.47, "word": " never", "probability": 1.0 }, { "start": 2269.47, "end": 2269.65, "word": " been", "probability": 1.0 }, { "start": 2269.65, "end": 2269.97, "word": " better.", "probability": 1.0 }, { "start": 2270.17, "end": 2270.69, "word": " So", "probability": 0.966796875 }, { "start": 2270.69, "end": 2271.15, "word": " it's", "probability": 0.979736328125 }, { "start": 2271.15, "end": 2271.27, "word": " more", "probability": 0.99951171875 }, { "start": 2271.27, "end": 2271.43, "word": " like", "probability": 0.99951171875 }, { "start": 2271.43, "end": 2271.55, "word": " it", "probability": 0.9990234375 }, { "start": 2271.55, "end": 2272.07, "word": " separates", "probability": 0.99951171875 }, { "start": 2272.07, "end": 2273.37, "word": " people", "probability": 0.99951171875 }, { "start": 2273.37, "end": 2273.59, "word": " that", "probability": 1.0 }, { "start": 2273.59, "end": 2273.79, "word": " are", "probability": 1.0 }, { "start": 2273.79, "end": 2274.43, "word": " willing", "probability": 0.99951171875 }, { "start": 2274.43, "end": 2274.63, "word": " and", "probability": 0.99951171875 }, { "start": 2274.63, "end": 2274.83, "word": " able", "probability": 0.99951171875 }, { "start": 2274.83, "end": 2275.03, "word": " to", "probability": 1.0 } ] }, { "start": 2275.03, "end": 2280.05, "text": "use those tools and understand how to get the benefits out of the tools without the drawbacks", "avg_logprob": -0.05008107174258187, "no_speech_prob": 0.0, "words": [ { "start": 2275.03, "end": 2275.31, "word": " use", "probability": 0.99951171875 }, { "start": 2275.31, "end": 2275.55, "word": " those", "probability": 1.0 }, { "start": 2275.55, "end": 2275.89, "word": " tools", "probability": 1.0 }, { "start": 2275.89, "end": 2276.37, "word": " and", "probability": 0.9990234375 }, { "start": 2276.37, "end": 2276.93, "word": " understand", "probability": 0.99951171875 }, { "start": 2276.93, "end": 2277.77, "word": " how", "probability": 1.0 }, { "start": 2277.77, "end": 2277.89, "word": " to", "probability": 1.0 }, { "start": 2277.89, "end": 2277.99, "word": " get", "probability": 1.0 }, { "start": 2277.99, "end": 2278.11, "word": " the", "probability": 1.0 }, { "start": 2278.11, "end": 2278.49, "word": " benefits", "probability": 0.99951171875 }, { "start": 2278.49, "end": 2278.67, "word": " out", "probability": 0.99951171875 }, { "start": 2278.67, "end": 2278.73, "word": " of", "probability": 1.0 }, { "start": 2278.73, "end": 2278.83, "word": " the", "probability": 0.99951171875 }, { "start": 2278.83, "end": 2279.09, "word": " tools", "probability": 0.99951171875 }, { "start": 2279.09, "end": 2279.35, "word": " without", "probability": 0.9990234375 }, { "start": 2279.35, "end": 2279.55, "word": " the", "probability": 1.0 }, { "start": 2279.55, "end": 2280.05, "word": " drawbacks", "probability": 0.999267578125 } ] }, { "start": 2280.05, "end": 2284.03, "text": "of those tools. Obviously, one of the drawbacks might be kind of like just AI brain, where you", "avg_logprob": -0.09296875, "no_speech_prob": 0.0, "words": [ { "start": 2280.05, "end": 2280.15, "word": " of", "probability": 0.375732421875 }, { "start": 2280.15, "end": 2280.31, "word": " those", "probability": 1.0 }, { "start": 2280.31, "end": 2280.63, "word": " tools.", "probability": 1.0 }, { "start": 2280.99, "end": 2281.41, "word": " Obviously,", "probability": 0.98486328125 }, { "start": 2281.53, "end": 2281.59, "word": " one", "probability": 1.0 }, { "start": 2281.59, "end": 2281.63, "word": " of", "probability": 1.0 }, { "start": 2281.63, "end": 2281.69, "word": " the", "probability": 1.0 }, { "start": 2281.69, "end": 2282.01, "word": " drawbacks", "probability": 0.999755859375 }, { "start": 2282.01, "end": 2282.21, "word": " might", "probability": 1.0 }, { "start": 2282.21, "end": 2282.41, "word": " be", "probability": 1.0 }, { "start": 2282.41, "end": 2282.63, "word": " kind", "probability": 0.84130859375 }, { "start": 2282.63, "end": 2282.71, "word": " of", "probability": 1.0 }, { "start": 2282.71, "end": 2282.87, "word": " like", "probability": 0.97314453125 }, { "start": 2282.87, "end": 2283.05, "word": " just", "probability": 0.97705078125 }, { "start": 2283.05, "end": 2283.35, "word": " AI", "probability": 0.99658203125 }, { "start": 2283.35, "end": 2283.75, "word": " brain,", "probability": 0.99951171875 }, { "start": 2283.87, "end": 2283.93, "word": " where", "probability": 0.98876953125 }, { "start": 2283.93, "end": 2284.03, "word": " you", "probability": 1.0 } ] }, { "start": 2284.97, "end": 2292.79, "text": "just don't think about anything. You just ask AI. But if someone is just using it kind of to solve", "avg_logprob": -0.09296875, "no_speech_prob": 0.0, "words": [ { "start": 2284.97, "end": 2285.41, "word": " just", "probability": 0.99951171875 }, { "start": 2285.41, "end": 2285.85, "word": " don't", "probability": 0.97998046875 }, { "start": 2285.85, "end": 2286.09, "word": " think", "probability": 1.0 }, { "start": 2286.09, "end": 2286.25, "word": " about", "probability": 0.99951171875 }, { "start": 2286.25, "end": 2286.49, "word": " anything.", "probability": 0.99951171875 }, { "start": 2286.51, "end": 2286.59, "word": " You", "probability": 0.99951171875 }, { "start": 2286.59, "end": 2286.69, "word": " just", "probability": 0.99951171875 }, { "start": 2286.69, "end": 2287.01, "word": " ask", "probability": 1.0 }, { "start": 2287.01, "end": 2287.37, "word": " AI.", "probability": 1.0 }, { "start": 2288.51, "end": 2288.95, "word": " But", "probability": 0.99267578125 }, { "start": 2288.95, "end": 2289.05, "word": " if", "probability": 0.9990234375 }, { "start": 2289.05, "end": 2289.27, "word": " someone", "probability": 0.998046875 }, { "start": 2289.27, "end": 2289.43, "word": " is", "probability": 1.0 }, { "start": 2289.43, "end": 2289.57, "word": " just", "probability": 0.724609375 }, { "start": 2289.57, "end": 2290.57, "word": " using", "probability": 0.7294921875 }, { "start": 2290.57, "end": 2290.95, "word": " it", "probability": 1.0 }, { "start": 2290.95, "end": 2292.05, "word": " kind", "probability": 0.91162109375 }, { "start": 2292.05, "end": 2292.19, "word": " of", "probability": 1.0 }, { "start": 2292.19, "end": 2292.49, "word": " to", "probability": 1.0 }, { "start": 2292.49, "end": 2292.79, "word": " solve", "probability": 1.0 } ] }, { "start": 2292.79, "end": 2299.33, "text": "problems, I think it's actually in some ways an equalizer. Yeah. So you're doing this interesting", "avg_logprob": -0.09296875, "no_speech_prob": 0.0, "words": [ { "start": 2292.79, "end": 2293.27, "word": " problems,", "probability": 1.0 }, { "start": 2293.45, "end": 2294.31, "word": " I", "probability": 0.96435546875 }, { "start": 2294.31, "end": 2294.59, "word": " think", "probability": 1.0 }, { "start": 2294.59, "end": 2294.73, "word": " it's", "probability": 0.99560546875 }, { "start": 2294.73, "end": 2294.91, "word": " actually", "probability": 0.99951171875 }, { "start": 2294.91, "end": 2295.21, "word": " in", "probability": 0.7763671875 }, { "start": 2295.21, "end": 2295.35, "word": " some", "probability": 1.0 }, { "start": 2295.35, "end": 2295.45, "word": " ways", "probability": 0.998046875 }, { "start": 2295.45, "end": 2295.61, "word": " an", "probability": 0.9990234375 }, { "start": 2295.61, "end": 2296.17, "word": " equalizer.", "probability": 0.99951171875 }, { "start": 2296.57, "end": 2296.79, "word": " Yeah.", "probability": 0.94580078125 }, { "start": 2297.11, "end": 2297.37, "word": " So", "probability": 0.98779296875 }, { "start": 2297.37, "end": 2298.65, "word": " you're", "probability": 0.965087890625 }, { "start": 2298.65, "end": 2298.81, "word": " doing", "probability": 1.0 }, { "start": 2298.81, "end": 2298.97, "word": " this", "probability": 1.0 }, { "start": 2298.97, "end": 2299.33, "word": " interesting", "probability": 1.0 } ] }, { "start": 2299.33, "end": 2304.05, "text": "thing with Orange Juice, you and the team at EgoDeath Capital. It's really fascinating because", "avg_logprob": -0.09296875, "no_speech_prob": 0.0, "words": [ { "start": 2299.33, "end": 2299.55, "word": " thing", "probability": 1.0 }, { "start": 2299.55, "end": 2299.81, "word": " with", "probability": 1.0 }, { "start": 2299.81, "end": 2300.19, "word": " Orange", "probability": 0.9052734375 }, { "start": 2300.19, "end": 2300.61, "word": " Juice,", "probability": 0.9951171875 }, { "start": 2300.79, "end": 2301.11, "word": " you", "probability": 0.955078125 }, { "start": 2301.11, "end": 2301.23, "word": " and", "probability": 1.0 }, { "start": 2301.23, "end": 2301.33, "word": " the", "probability": 1.0 }, { "start": 2301.33, "end": 2301.61, "word": " team", "probability": 1.0 }, { "start": 2301.61, "end": 2301.85, "word": " at", "probability": 1.0 }, { "start": 2301.85, "end": 2302.49, "word": " EgoDeath", "probability": 0.85406494140625 }, { "start": 2302.49, "end": 2302.91, "word": " Capital.", "probability": 0.990234375 }, { "start": 2303.11, "end": 2303.29, "word": " It's", "probability": 0.7529296875 }, { "start": 2303.29, "end": 2303.45, "word": " really", "probability": 1.0 }, { "start": 2303.45, "end": 2303.89, "word": " fascinating", "probability": 0.99951171875 }, { "start": 2303.89, "end": 2304.05, "word": " because", "probability": 0.90576171875 } ] }, { "start": 2304.05, "end": 2309.45, "text": "it seems to me that it's solving for a problem that not a lot of other people are addressing.", "avg_logprob": -0.09296875, "no_speech_prob": 0.0, "words": [ { "start": 2304.05, "end": 2304.17, "word": " it", "probability": 1.0 }, { "start": 2304.17, "end": 2304.37, "word": " seems", "probability": 0.998046875 }, { "start": 2304.37, "end": 2304.51, "word": " to", "probability": 1.0 }, { "start": 2304.51, "end": 2304.75, "word": " me", "probability": 0.99951171875 }, { "start": 2304.75, "end": 2305.19, "word": " that", "probability": 1.0 }, { "start": 2305.19, "end": 2305.39, "word": " it's", "probability": 1.0 }, { "start": 2305.39, "end": 2305.85, "word": " solving", "probability": 0.99951171875 }, { "start": 2305.85, "end": 2306.19, "word": " for", "probability": 1.0 }, { "start": 2306.19, "end": 2306.31, "word": " a", "probability": 1.0 }, { "start": 2306.31, "end": 2306.71, "word": " problem", "probability": 0.99951171875 }, { "start": 2306.71, "end": 2307.03, "word": " that", "probability": 1.0 }, { "start": 2307.03, "end": 2307.35, "word": " not", "probability": 1.0 }, { "start": 2307.35, "end": 2307.55, "word": " a", "probability": 1.0 }, { "start": 2307.55, "end": 2307.71, "word": " lot", "probability": 1.0 }, { "start": 2307.71, "end": 2307.85, "word": " of", "probability": 1.0 }, { "start": 2307.85, "end": 2308.07, "word": " other", "probability": 1.0 }, { "start": 2308.07, "end": 2308.43, "word": " people", "probability": 1.0 }, { "start": 2308.43, "end": 2308.85, "word": " are", "probability": 1.0 }, { "start": 2308.85, "end": 2309.45, "word": " addressing.", "probability": 1.0 } ] }, { "start": 2310.05, "end": 2318.03, "text": "So you're acquiring small to mid-sized businesses and then transitioning them into a Bitcoin treasury company.", "avg_logprob": -0.13196162953235135, "no_speech_prob": 0.0, "words": [ { "start": 2310.05, "end": 2310.35, "word": " So", "probability": 0.9794921875 }, { "start": 2310.35, "end": 2310.79, "word": " you're", "probability": 0.977783203125 }, { "start": 2310.79, "end": 2311.91, "word": " acquiring", "probability": 0.84716796875 }, { "start": 2311.91, "end": 2312.49, "word": " small", "probability": 1.0 }, { "start": 2312.49, "end": 2312.65, "word": " to", "probability": 0.9921875 }, { "start": 2312.65, "end": 2312.83, "word": " mid", "probability": 1.0 }, { "start": 2312.83, "end": 2313.09, "word": "-sized", "probability": 0.79736328125 }, { "start": 2313.09, "end": 2313.59, "word": " businesses", "probability": 1.0 }, { "start": 2313.59, "end": 2314.27, "word": " and", "probability": 0.9755859375 }, { "start": 2314.27, "end": 2314.39, "word": " then", "probability": 1.0 }, { "start": 2314.39, "end": 2315.07, "word": " transitioning", "probability": 1.0 }, { "start": 2315.07, "end": 2315.53, "word": " them", "probability": 1.0 }, { "start": 2315.53, "end": 2315.81, "word": " into", "probability": 1.0 }, { "start": 2315.81, "end": 2316.01, "word": " a", "probability": 1.0 }, { "start": 2316.01, "end": 2316.41, "word": " Bitcoin", "probability": 0.990234375 }, { "start": 2316.41, "end": 2317.09, "word": " treasury", "probability": 0.97314453125 }, { "start": 2317.09, "end": 2318.03, "word": " company.", "probability": 1.0 } ] }, { "start": 2319.83, "end": 2322.03, "text": "How does that solve for the challenge?", "avg_logprob": -0.13196162953235135, "no_speech_prob": 0.0, "words": [ { "start": 2319.83, "end": 2320.35, "word": " How", "probability": 0.99365234375 }, { "start": 2320.35, "end": 2320.53, "word": " does", "probability": 1.0 }, { "start": 2320.53, "end": 2320.73, "word": " that", "probability": 1.0 }, { "start": 2320.73, "end": 2321.25, "word": " solve", "probability": 1.0 }, { "start": 2321.25, "end": 2321.49, "word": " for", "probability": 0.99951171875 }, { "start": 2321.49, "end": 2321.61, "word": " the", "probability": 1.0 }, { "start": 2321.61, "end": 2322.03, "word": " challenge?", "probability": 1.0 } ] }, { "start": 2322.37, "end": 2326.63, "text": "Talk to me a little bit about why this idea came up, because it seems really unique to me.", "avg_logprob": -0.13196162953235135, "no_speech_prob": 0.0, "words": [ { "start": 2322.37, "end": 2322.53, "word": " Talk", "probability": 0.99951171875 }, { "start": 2322.53, "end": 2322.63, "word": " to", "probability": 1.0 }, { "start": 2322.63, "end": 2322.71, "word": " me", "probability": 1.0 }, { "start": 2322.71, "end": 2322.81, "word": " a", "probability": 1.0 }, { "start": 2322.81, "end": 2322.89, "word": " little", "probability": 1.0 }, { "start": 2322.89, "end": 2323.03, "word": " bit", "probability": 1.0 }, { "start": 2323.03, "end": 2323.29, "word": " about", "probability": 1.0 }, { "start": 2323.29, "end": 2323.95, "word": " why", "probability": 0.99365234375 }, { "start": 2323.95, "end": 2324.59, "word": " this", "probability": 1.0 }, { "start": 2324.59, "end": 2324.85, "word": " idea", "probability": 1.0 }, { "start": 2324.85, "end": 2325.11, "word": " came", "probability": 1.0 }, { "start": 2325.11, "end": 2325.31, "word": " up,", "probability": 1.0 }, { "start": 2325.37, "end": 2325.45, "word": " because", "probability": 1.0 }, { "start": 2325.45, "end": 2325.55, "word": " it", "probability": 1.0 }, { "start": 2325.55, "end": 2325.79, "word": " seems", "probability": 1.0 }, { "start": 2325.79, "end": 2326.01, "word": " really", "probability": 1.0 }, { "start": 2326.01, "end": 2326.29, "word": " unique", "probability": 1.0 }, { "start": 2326.29, "end": 2326.45, "word": " to", "probability": 1.0 }, { "start": 2326.45, "end": 2326.63, "word": " me.", "probability": 1.0 } ] }, { "start": 2326.91, "end": 2327.49, "text": "Good question.", "avg_logprob": -0.13196162953235135, "no_speech_prob": 0.0, "words": [ { "start": 2326.91, "end": 2327.17, "word": " Good", "probability": 0.8359375 }, { "start": 2327.17, "end": 2327.49, "word": " question.", "probability": 1.0 } ] }, { "start": 2327.63, "end": 2332.41, "text": "It kind of came up because some of us are both Bitcoin bulls and value investors.", "avg_logprob": -0.13196162953235135, "no_speech_prob": 0.0, "words": [ { "start": 2327.63, "end": 2327.89, "word": " It", "probability": 0.40234375 }, { "start": 2327.89, "end": 2328.05, "word": " kind", "probability": 0.96923828125 }, { "start": 2328.05, "end": 2328.15, "word": " of", "probability": 1.0 }, { "start": 2328.15, "end": 2328.33, "word": " came", "probability": 1.0 }, { "start": 2328.33, "end": 2328.53, "word": " up", "probability": 1.0 }, { "start": 2328.53, "end": 2328.95, "word": " because", "probability": 0.5986328125 }, { "start": 2328.95, "end": 2329.39, "word": " some", "probability": 1.0 }, { "start": 2329.39, "end": 2329.51, "word": " of", "probability": 1.0 }, { "start": 2329.51, "end": 2329.67, "word": " us", "probability": 1.0 }, { "start": 2329.67, "end": 2329.79, "word": " are", "probability": 1.0 }, { "start": 2329.79, "end": 2330.13, "word": " both", "probability": 0.99951171875 }, { "start": 2330.13, "end": 2330.99, "word": " Bitcoin", "probability": 1.0 }, { "start": 2330.99, "end": 2331.35, "word": " bulls", "probability": 0.99560546875 }, { "start": 2331.35, "end": 2331.71, "word": " and", "probability": 0.99951171875 }, { "start": 2331.71, "end": 2331.97, "word": " value", "probability": 0.99951171875 }, { "start": 2331.97, "end": 2332.41, "word": " investors.", "probability": 1.0 } ] }, { "start": 2332.89, "end": 2336.87, "text": "And so the way we look at it is it's not a Bitcoin treasury company.", "avg_logprob": -0.13196162953235135, "no_speech_prob": 0.0, "words": [ { "start": 2332.89, "end": 2332.95, "word": " And", "probability": 0.92724609375 }, { "start": 2332.95, "end": 2333.29, "word": " so", "probability": 1.0 }, { "start": 2333.29, "end": 2334.65, "word": " the", "probability": 0.9970703125 }, { "start": 2334.65, "end": 2334.77, "word": " way", "probability": 1.0 }, { "start": 2334.77, "end": 2334.87, "word": " we", "probability": 1.0 }, { "start": 2334.87, "end": 2335.03, "word": " look", "probability": 1.0 }, { "start": 2335.03, "end": 2335.19, "word": " at", "probability": 1.0 }, { "start": 2335.19, "end": 2335.27, "word": " it", "probability": 1.0 }, { "start": 2335.27, "end": 2335.39, "word": " is", "probability": 0.98583984375 }, { "start": 2335.39, "end": 2335.59, "word": " it's", "probability": 0.98095703125 }, { "start": 2335.59, "end": 2335.73, "word": " not", "probability": 1.0 }, { "start": 2335.73, "end": 2335.85, "word": " a", "probability": 1.0 }, { "start": 2335.85, "end": 2336.11, "word": " Bitcoin", "probability": 1.0 }, { "start": 2336.11, "end": 2336.45, "word": " treasury", "probability": 0.99951171875 }, { "start": 2336.45, "end": 2336.87, "word": " company.", "probability": 1.0 } ] }, { "start": 2336.87, "end": 2340.73, "text": "It's a company that happens to have a Bitcoin treasury as part of its strategy.", "avg_logprob": -0.13004701749413414, "no_speech_prob": 0.0, "words": [ { "start": 2336.87, "end": 2337.25, "word": " It's", "probability": 0.987060546875 }, { "start": 2337.25, "end": 2337.69, "word": " a", "probability": 0.9873046875 }, { "start": 2337.69, "end": 2337.97, "word": " company", "probability": 0.99658203125 }, { "start": 2337.97, "end": 2338.15, "word": " that", "probability": 1.0 }, { "start": 2338.15, "end": 2338.47, "word": " happens", "probability": 1.0 }, { "start": 2338.47, "end": 2338.61, "word": " to", "probability": 1.0 }, { "start": 2338.61, "end": 2338.75, "word": " have", "probability": 1.0 }, { "start": 2338.75, "end": 2338.85, "word": " a", "probability": 1.0 }, { "start": 2338.85, "end": 2339.09, "word": " Bitcoin", "probability": 0.98974609375 }, { "start": 2339.09, "end": 2339.49, "word": " treasury", "probability": 0.97705078125 }, { "start": 2339.49, "end": 2339.81, "word": " as", "probability": 0.99951171875 }, { "start": 2339.81, "end": 2340.09, "word": " part", "probability": 1.0 }, { "start": 2340.09, "end": 2340.19, "word": " of", "probability": 1.0 }, { "start": 2340.19, "end": 2340.33, "word": " its", "probability": 1.0 }, { "start": 2340.33, "end": 2340.73, "word": " strategy.", "probability": 1.0 } ] }, { "start": 2341.27, "end": 2356.13, "text": "I think that the primary thing is that for – if you back up for a second, private equity solves a problem, which is that one of the hardest things you can sell is a business because it's large, illiquid, and everyone's unique, right?", "avg_logprob": -0.13004701749413414, "no_speech_prob": 0.0, "words": [ { "start": 2341.27, "end": 2341.75, "word": " I", "probability": 0.9912109375 }, { "start": 2341.75, "end": 2341.91, "word": " think", "probability": 1.0 }, { "start": 2341.91, "end": 2342.09, "word": " that", "probability": 0.99072265625 }, { "start": 2342.09, "end": 2342.29, "word": " the", "probability": 1.0 }, { "start": 2342.29, "end": 2343.01, "word": " primary", "probability": 0.99951171875 }, { "start": 2343.01, "end": 2343.45, "word": " thing", "probability": 1.0 }, { "start": 2343.45, "end": 2344.17, "word": " is", "probability": 1.0 }, { "start": 2344.17, "end": 2344.47, "word": " that", "probability": 1.0 }, { "start": 2344.47, "end": 2345.27, "word": " for", "probability": 0.66748046875 }, { "start": 2345.27, "end": 2345.85, "word": " –", "probability": 0.3125 }, { "start": 2345.85, "end": 2346.61, "word": " if", "probability": 0.99609375 }, { "start": 2346.61, "end": 2346.65, "word": " you", "probability": 0.998046875 }, { "start": 2346.65, "end": 2347.05, "word": " back", "probability": 0.9970703125 }, { "start": 2347.05, "end": 2347.19, "word": " up", "probability": 0.99609375 }, { "start": 2347.19, "end": 2347.33, "word": " for", "probability": 1.0 }, { "start": 2347.33, "end": 2347.39, "word": " a", "probability": 1.0 }, { "start": 2347.39, "end": 2347.61, "word": " second,", "probability": 1.0 }, { "start": 2347.77, "end": 2348.07, "word": " private", "probability": 0.99951171875 }, { "start": 2348.07, "end": 2348.31, "word": " equity", "probability": 1.0 }, { "start": 2348.31, "end": 2348.65, "word": " solves", "probability": 1.0 }, { "start": 2348.65, "end": 2348.79, "word": " a", "probability": 0.99853515625 }, { "start": 2348.79, "end": 2349.11, "word": " problem,", "probability": 1.0 }, { "start": 2349.15, "end": 2349.37, "word": " which", "probability": 1.0 }, { "start": 2349.37, "end": 2349.51, "word": " is", "probability": 1.0 }, { "start": 2349.51, "end": 2349.75, "word": " that", "probability": 1.0 }, { "start": 2349.75, "end": 2350.17, "word": " one", "probability": 1.0 }, { "start": 2350.17, "end": 2350.25, "word": " of", "probability": 1.0 }, { "start": 2350.25, "end": 2350.35, "word": " the", "probability": 1.0 }, { "start": 2350.35, "end": 2350.65, "word": " hardest", "probability": 1.0 }, { "start": 2350.65, "end": 2350.99, "word": " things", "probability": 1.0 }, { "start": 2350.99, "end": 2351.23, "word": " you", "probability": 1.0 }, { "start": 2351.23, "end": 2351.35, "word": " can", "probability": 1.0 }, { "start": 2351.35, "end": 2351.71, "word": " sell", "probability": 1.0 }, { "start": 2351.71, "end": 2351.87, "word": " is", "probability": 0.67919921875 }, { "start": 2351.87, "end": 2351.97, "word": " a", "probability": 1.0 }, { "start": 2351.97, "end": 2352.37, "word": " business", "probability": 1.0 }, { "start": 2352.37, "end": 2353.07, "word": " because", "probability": 0.85791015625 }, { "start": 2353.07, "end": 2353.35, "word": " it's", "probability": 1.0 }, { "start": 2353.35, "end": 2353.77, "word": " large,", "probability": 1.0 }, { "start": 2353.89, "end": 2354.39, "word": " illiquid,", "probability": 0.9990234375 }, { "start": 2354.39, "end": 2354.65, "word": " and", "probability": 1.0 }, { "start": 2354.65, "end": 2355.23, "word": " everyone's", "probability": 0.962158203125 }, { "start": 2355.23, "end": 2355.57, "word": " unique,", "probability": 1.0 }, { "start": 2355.61, "end": 2356.13, "word": " right?", "probability": 0.99951171875 } ] }, { "start": 2356.21, "end": 2359.39, "text": "So that's inherently a very challenging, illiquid market.", "avg_logprob": -0.13004701749413414, "no_speech_prob": 0.0, "words": [ { "start": 2356.21, "end": 2356.33, "word": " So", "probability": 0.994140625 }, { "start": 2356.33, "end": 2356.97, "word": " that's", "probability": 0.97412109375 }, { "start": 2356.97, "end": 2357.23, "word": " inherently", "probability": 1.0 }, { "start": 2357.23, "end": 2357.45, "word": " a", "probability": 0.99755859375 }, { "start": 2357.45, "end": 2357.55, "word": " very", "probability": 1.0 }, { "start": 2357.55, "end": 2358.01, "word": " challenging,", "probability": 1.0 }, { "start": 2358.03, "end": 2359.07, "word": " illiquid", "probability": 0.9998372395833334 }, { "start": 2359.07, "end": 2359.39, "word": " market.", "probability": 1.0 } ] }, { "start": 2359.63, "end": 2363.31, "text": "And private equity comes in and says, well, we're willing to buy and sell businesses.", "avg_logprob": -0.13004701749413414, "no_speech_prob": 0.0, "words": [ { "start": 2359.63, "end": 2359.93, "word": " And", "probability": 0.98974609375 }, { "start": 2359.93, "end": 2360.21, "word": " private", "probability": 1.0 }, { "start": 2360.21, "end": 2360.47, "word": " equity", "probability": 1.0 }, { "start": 2360.47, "end": 2360.75, "word": " comes", "probability": 1.0 }, { "start": 2360.75, "end": 2360.95, "word": " in", "probability": 1.0 }, { "start": 2360.95, "end": 2361.05, "word": " and", "probability": 1.0 }, { "start": 2361.05, "end": 2361.19, "word": " says,", "probability": 1.0 }, { "start": 2361.33, "end": 2361.39, "word": " well,", "probability": 0.99462890625 }, { "start": 2361.45, "end": 2361.87, "word": " we're", "probability": 1.0 }, { "start": 2361.87, "end": 2362.09, "word": " willing", "probability": 1.0 }, { "start": 2362.09, "end": 2362.23, "word": " to", "probability": 1.0 }, { "start": 2362.23, "end": 2362.47, "word": " buy", "probability": 1.0 }, { "start": 2362.47, "end": 2362.63, "word": " and", "probability": 1.0 }, { "start": 2362.63, "end": 2362.85, "word": " sell", "probability": 1.0 }, { "start": 2362.85, "end": 2363.31, "word": " businesses.", "probability": 1.0 } ] }, { "start": 2363.93, "end": 2366.95, "text": "And so for decades, that has been a useful service.", "avg_logprob": -0.15282738095238096, "no_speech_prob": 0.0, "words": [ { "start": 2363.93, "end": 2364.49, "word": " And", "probability": 0.728515625 }, { "start": 2364.49, "end": 2364.65, "word": " so", "probability": 0.99951171875 }, { "start": 2364.65, "end": 2364.85, "word": " for", "probability": 0.921875 }, { "start": 2364.85, "end": 2365.21, "word": " decades,", "probability": 1.0 }, { "start": 2365.43, "end": 2365.55, "word": " that", "probability": 1.0 }, { "start": 2365.55, "end": 2365.91, "word": " has", "probability": 1.0 }, { "start": 2365.91, "end": 2366.09, "word": " been", "probability": 1.0 }, { "start": 2366.09, "end": 2366.25, "word": " a", "probability": 1.0 }, { "start": 2366.25, "end": 2366.57, "word": " useful", "probability": 1.0 }, { "start": 2366.57, "end": 2366.95, "word": " service.", "probability": 1.0 } ] }, { "start": 2367.09, "end": 2380.85, "text": "The problem is, especially during this like 40-year period of declining interest rates that is now over, really the process there was buy a business, lever it up on ever cheaper debt.", "avg_logprob": -0.15282738095238096, "no_speech_prob": 0.0, "words": [ { "start": 2367.09, "end": 2367.17, "word": " The", "probability": 0.9951171875 }, { "start": 2367.17, "end": 2367.51, "word": " problem", "probability": 1.0 }, { "start": 2367.51, "end": 2367.85, "word": " is,", "probability": 1.0 }, { "start": 2368.27, "end": 2369.09, "word": " especially", "probability": 1.0 }, { "start": 2369.09, "end": 2369.35, "word": " during", "probability": 1.0 }, { "start": 2369.35, "end": 2369.51, "word": " this", "probability": 1.0 }, { "start": 2369.51, "end": 2369.65, "word": " like", "probability": 0.4921875 }, { "start": 2369.65, "end": 2370.03, "word": " 40", "probability": 0.99951171875 }, { "start": 2370.03, "end": 2370.21, "word": "-year", "probability": 0.847900390625 }, { "start": 2370.21, "end": 2370.51, "word": " period", "probability": 1.0 }, { "start": 2370.51, "end": 2370.65, "word": " of", "probability": 1.0 }, { "start": 2370.65, "end": 2371.03, "word": " declining", "probability": 1.0 }, { "start": 2371.03, "end": 2371.33, "word": " interest", "probability": 0.994140625 }, { "start": 2371.33, "end": 2371.69, "word": " rates", "probability": 1.0 }, { "start": 2371.69, "end": 2372.19, "word": " that", "probability": 0.994140625 }, { "start": 2372.19, "end": 2372.29, "word": " is", "probability": 0.9833984375 }, { "start": 2372.29, "end": 2372.49, "word": " now", "probability": 1.0 }, { "start": 2372.49, "end": 2372.81, "word": " over,", "probability": 1.0 }, { "start": 2373.97, "end": 2374.51, "word": " really", "probability": 0.89111328125 }, { "start": 2374.51, "end": 2374.81, "word": " the", "probability": 0.96484375 }, { "start": 2374.81, "end": 2376.55, "word": " process", "probability": 1.0 }, { "start": 2376.55, "end": 2376.81, "word": " there", "probability": 1.0 }, { "start": 2376.81, "end": 2377.03, "word": " was", "probability": 1.0 }, { "start": 2377.03, "end": 2377.31, "word": " buy", "probability": 0.99755859375 }, { "start": 2377.31, "end": 2377.47, "word": " a", "probability": 1.0 }, { "start": 2377.47, "end": 2377.93, "word": " business,", "probability": 1.0 }, { "start": 2378.35, "end": 2378.69, "word": " lever", "probability": 0.99072265625 }, { "start": 2378.69, "end": 2378.87, "word": " it", "probability": 0.99951171875 }, { "start": 2378.87, "end": 2379.11, "word": " up", "probability": 1.0 }, { "start": 2379.11, "end": 2379.67, "word": " on", "probability": 0.99951171875 }, { "start": 2379.67, "end": 2380.19, "word": " ever", "probability": 0.98095703125 }, { "start": 2380.19, "end": 2380.49, "word": " cheaper", "probability": 0.787109375 }, { "start": 2380.49, "end": 2380.85, "word": " debt.", "probability": 1.0 } ] }, { "start": 2380.99, "end": 2388.13, "text": "You have better cost of capital than the seller did, fire half the staff, and then flip the company in a few years.", "avg_logprob": -0.15282738095238096, "no_speech_prob": 0.0, "words": [ { "start": 2380.99, "end": 2381.01, "word": " You", "probability": 0.9951171875 }, { "start": 2381.01, "end": 2381.13, "word": " have", "probability": 0.8701171875 }, { "start": 2381.13, "end": 2381.29, "word": " better", "probability": 0.99658203125 }, { "start": 2381.29, "end": 2382.01, "word": " cost", "probability": 0.98828125 }, { "start": 2382.01, "end": 2382.13, "word": " of", "probability": 0.98486328125 }, { "start": 2382.13, "end": 2382.49, "word": " capital", "probability": 1.0 }, { "start": 2382.49, "end": 2382.77, "word": " than", "probability": 1.0 }, { "start": 2382.77, "end": 2383.11, "word": " the", "probability": 1.0 }, { "start": 2383.11, "end": 2383.37, "word": " seller", "probability": 1.0 }, { "start": 2383.37, "end": 2383.69, "word": " did,", "probability": 1.0 }, { "start": 2384.17, "end": 2384.67, "word": " fire", "probability": 0.99951171875 }, { "start": 2384.67, "end": 2384.93, "word": " half", "probability": 1.0 }, { "start": 2384.93, "end": 2385.09, "word": " the", "probability": 1.0 }, { "start": 2385.09, "end": 2385.51, "word": " staff,", "probability": 1.0 }, { "start": 2385.59, "end": 2386.39, "word": " and", "probability": 1.0 }, { "start": 2386.39, "end": 2386.53, "word": " then", "probability": 1.0 }, { "start": 2386.53, "end": 2386.89, "word": " flip", "probability": 1.0 }, { "start": 2386.89, "end": 2387.07, "word": " the", "probability": 1.0 }, { "start": 2387.07, "end": 2387.39, "word": " company", "probability": 1.0 }, { "start": 2387.39, "end": 2387.49, "word": " in", "probability": 0.99951171875 }, { "start": 2387.49, "end": 2387.59, "word": " a", "probability": 1.0 }, { "start": 2387.59, "end": 2387.71, "word": " few", "probability": 1.0 }, { "start": 2387.71, "end": 2388.13, "word": " years.", "probability": 1.0 } ] }, { "start": 2388.77, "end": 2392.65, "text": "And, you know, you've maximized near-term profits and you've made money.", "avg_logprob": -0.15282738095238096, "no_speech_prob": 0.0, "words": [ { "start": 2388.77, "end": 2389.33, "word": " And,", "probability": 0.99658203125 }, { "start": 2389.35, "end": 2389.73, "word": " you", "probability": 0.9970703125 }, { "start": 2389.73, "end": 2389.77, "word": " know,", "probability": 0.9990234375 }, { "start": 2389.83, "end": 2390.17, "word": " you've", "probability": 1.0 }, { "start": 2390.17, "end": 2390.83, "word": " maximized", "probability": 0.9990234375 }, { "start": 2390.83, "end": 2391.07, "word": " near", "probability": 1.0 }, { "start": 2391.07, "end": 2391.27, "word": "-term", "probability": 0.985595703125 }, { "start": 2391.27, "end": 2391.77, "word": " profits", "probability": 1.0 }, { "start": 2391.77, "end": 2392.01, "word": " and", "probability": 0.935546875 }, { "start": 2392.01, "end": 2392.17, "word": " you've", "probability": 1.0 }, { "start": 2392.17, "end": 2392.31, "word": " made", "probability": 0.99951171875 }, { "start": 2392.31, "end": 2392.65, "word": " money.", "probability": 1.0 } ] }, { "start": 2392.65, "end": 2396.83, "text": "but you kind of set that business up to not really be successful 10,", "avg_logprob": -0.17827120440745214, "no_speech_prob": 0.0, "words": [ { "start": 2392.65, "end": 2393.27, "word": " but", "probability": 0.5859375 }, { "start": 2393.27, "end": 2393.37, "word": " you", "probability": 1.0 }, { "start": 2393.37, "end": 2393.55, "word": " kind", "probability": 0.9208984375 }, { "start": 2393.55, "end": 2393.65, "word": " of", "probability": 1.0 }, { "start": 2393.65, "end": 2393.85, "word": " set", "probability": 1.0 }, { "start": 2393.85, "end": 2394.07, "word": " that", "probability": 1.0 }, { "start": 2394.07, "end": 2394.39, "word": " business", "probability": 1.0 }, { "start": 2394.39, "end": 2394.65, "word": " up", "probability": 1.0 }, { "start": 2394.65, "end": 2394.81, "word": " to", "probability": 0.99951171875 }, { "start": 2394.81, "end": 2394.97, "word": " not", "probability": 1.0 }, { "start": 2394.97, "end": 2395.23, "word": " really", "probability": 1.0 }, { "start": 2395.23, "end": 2395.75, "word": " be", "probability": 1.0 }, { "start": 2395.75, "end": 2396.31, "word": " successful", "probability": 1.0 }, { "start": 2396.31, "end": 2396.83, "word": " 10,", "probability": 0.98876953125 } ] }, { "start": 2397.01, "end": 2398.09, "text": "20 years down the line.", "avg_logprob": -0.17827120440745214, "no_speech_prob": 0.0, "words": [ { "start": 2397.01, "end": 2397.19, "word": " 20", "probability": 1.0 }, { "start": 2397.19, "end": 2397.49, "word": " years", "probability": 1.0 }, { "start": 2397.49, "end": 2397.71, "word": " down", "probability": 1.0 }, { "start": 2397.71, "end": 2397.83, "word": " the", "probability": 1.0 }, { "start": 2397.83, "end": 2398.09, "word": " line.", "probability": 1.0 } ] }, { "start": 2398.33, "end": 2401.19, "text": "You kind of pulled forward some of the profits.", "avg_logprob": -0.17827120440745214, "no_speech_prob": 0.0, "words": [ { "start": 2398.33, "end": 2398.51, "word": " You", "probability": 0.9970703125 }, { "start": 2398.51, "end": 2398.89, "word": " kind", "probability": 0.8603515625 }, { "start": 2398.89, "end": 2399.01, "word": " of", "probability": 1.0 }, { "start": 2399.01, "end": 2399.31, "word": " pulled", "probability": 0.970703125 }, { "start": 2399.31, "end": 2399.81, "word": " forward", "probability": 1.0 }, { "start": 2399.81, "end": 2400.43, "word": " some", "probability": 0.99951171875 }, { "start": 2400.43, "end": 2400.55, "word": " of", "probability": 1.0 }, { "start": 2400.55, "end": 2400.65, "word": " the", "probability": 1.0 }, { "start": 2400.65, "end": 2401.19, "word": " profits.", "probability": 1.0 } ] }, { "start": 2401.93, "end": 2403.61, "text": "And so there's a,", "avg_logprob": -0.17827120440745214, "no_speech_prob": 0.0, "words": [ { "start": 2401.93, "end": 2402.31, "word": " And", "probability": 0.94580078125 }, { "start": 2402.31, "end": 2402.63, "word": " so", "probability": 1.0 }, { "start": 2402.63, "end": 2403.41, "word": " there's", "probability": 0.6922607421875 }, { "start": 2403.41, "end": 2403.61, "word": " a,", "probability": 0.99609375 } ] }, { "start": 2403.63, "end": 2406.93, "text": "you kind of rip the soul out of a company or the quality out of the company", "avg_logprob": -0.17827120440745214, "no_speech_prob": 0.0, "words": [ { "start": 2403.63, "end": 2404.23, "word": " you", "probability": 0.99462890625 }, { "start": 2404.23, "end": 2404.41, "word": " kind", "probability": 1.0 }, { "start": 2404.41, "end": 2404.49, "word": " of", "probability": 1.0 }, { "start": 2404.49, "end": 2404.65, "word": " rip", "probability": 0.92333984375 }, { "start": 2404.65, "end": 2404.79, "word": " the", "probability": 1.0 }, { "start": 2404.79, "end": 2405.01, "word": " soul", "probability": 0.99560546875 }, { "start": 2405.01, "end": 2405.17, "word": " out", "probability": 1.0 }, { "start": 2405.17, "end": 2405.25, "word": " of", "probability": 1.0 }, { "start": 2405.25, "end": 2405.33, "word": " a", "probability": 0.99951171875 }, { "start": 2405.33, "end": 2405.63, "word": " company", "probability": 1.0 }, { "start": 2405.63, "end": 2405.79, "word": " or", "probability": 0.98681640625 }, { "start": 2405.79, "end": 2405.91, "word": " the", "probability": 1.0 }, { "start": 2405.91, "end": 2406.29, "word": " quality", "probability": 1.0 }, { "start": 2406.29, "end": 2406.43, "word": " out", "probability": 1.0 }, { "start": 2406.43, "end": 2406.49, "word": " of", "probability": 1.0 }, { "start": 2406.49, "end": 2406.57, "word": " the", "probability": 1.0 }, { "start": 2406.57, "end": 2406.93, "word": " company", "probability": 1.0 } ] }, { "start": 2406.93, "end": 2407.27, "text": "or the,", "avg_logprob": -0.17827120440745214, "no_speech_prob": 0.0, "words": [ { "start": 2406.93, "end": 2407.09, "word": " or", "probability": 0.74658203125 }, { "start": 2407.09, "end": 2407.27, "word": " the,", "probability": 0.8740234375 } ] }, { "start": 2407.27, "end": 2409.45, "text": "and like you'll see all the time people are like,", "avg_logprob": -0.17827120440745214, "no_speech_prob": 0.0, "words": [ { "start": 2407.27, "end": 2407.95, "word": " and", "probability": 0.88623046875 }, { "start": 2407.95, "end": 2408.53, "word": " like", "probability": 0.6611328125 }, { "start": 2408.53, "end": 2408.67, "word": " you'll", "probability": 0.7421875 }, { "start": 2408.67, "end": 2408.77, "word": " see", "probability": 1.0 }, { "start": 2408.77, "end": 2408.87, "word": " all", "probability": 1.0 }, { "start": 2408.87, "end": 2408.95, "word": " the", "probability": 1.0 }, { "start": 2408.95, "end": 2409.07, "word": " time", "probability": 1.0 }, { "start": 2409.07, "end": 2409.25, "word": " people", "probability": 0.3798828125 }, { "start": 2409.25, "end": 2409.35, "word": " are", "probability": 0.83056640625 }, { "start": 2409.35, "end": 2409.45, "word": " like,", "probability": 1.0 } ] }, { "start": 2409.51, "end": 2409.55, "text": "Oh,", "avg_logprob": -0.17827120440745214, "no_speech_prob": 0.0, "words": [ { "start": 2409.51, "end": 2409.55, "word": " Oh,", "probability": 0.152099609375 } ] }, { "start": 2409.57, "end": 2412.97, "text": "I love this veterinary clinic in my area before private equity took it over.", "avg_logprob": -0.17827120440745214, "no_speech_prob": 0.0, "words": [ { "start": 2409.57, "end": 2409.81, "word": " I", "probability": 1.0 }, { "start": 2409.81, "end": 2410.03, "word": " love", "probability": 0.72412109375 }, { "start": 2410.03, "end": 2410.23, "word": " this", "probability": 1.0 }, { "start": 2410.23, "end": 2410.67, "word": " veterinary", "probability": 0.999755859375 }, { "start": 2410.67, "end": 2410.97, "word": " clinic", "probability": 1.0 }, { "start": 2410.97, "end": 2411.15, "word": " in", "probability": 0.9990234375 }, { "start": 2411.15, "end": 2411.27, "word": " my", "probability": 1.0 }, { "start": 2411.27, "end": 2411.57, "word": " area", "probability": 1.0 }, { "start": 2411.57, "end": 2411.87, "word": " before", "probability": 0.99853515625 }, { "start": 2411.87, "end": 2412.19, "word": " private", "probability": 0.99169921875 }, { "start": 2412.19, "end": 2412.43, "word": " equity", "probability": 1.0 }, { "start": 2412.43, "end": 2412.65, "word": " took", "probability": 0.998046875 }, { "start": 2412.65, "end": 2412.79, "word": " it", "probability": 1.0 }, { "start": 2412.79, "end": 2412.97, "word": " over.", "probability": 1.0 } ] }, { "start": 2413.09, "end": 2416.05, "text": "Now they're just kind of trying to cross sell products and they're cutting", "avg_logprob": -0.17827120440745214, "no_speech_prob": 0.0, "words": [ { "start": 2413.09, "end": 2413.19, "word": " Now", "probability": 0.99267578125 }, { "start": 2413.19, "end": 2413.35, "word": " they're", "probability": 0.99658203125 }, { "start": 2413.35, "end": 2413.45, "word": " just", "probability": 1.0 }, { "start": 2413.45, "end": 2413.59, "word": " kind", "probability": 0.9970703125 }, { "start": 2413.59, "end": 2413.67, "word": " of", "probability": 1.0 }, { "start": 2413.67, "end": 2413.81, "word": " trying", "probability": 1.0 }, { "start": 2413.81, "end": 2413.93, "word": " to", "probability": 1.0 }, { "start": 2413.93, "end": 2414.23, "word": " cross", "probability": 0.99951171875 }, { "start": 2414.23, "end": 2414.45, "word": " sell", "probability": 0.98291015625 }, { "start": 2414.45, "end": 2414.89, "word": " products", "probability": 1.0 }, { "start": 2414.89, "end": 2415.13, "word": " and", "probability": 0.99853515625 }, { "start": 2415.13, "end": 2415.39, "word": " they're", "probability": 0.99951171875 }, { "start": 2415.39, "end": 2416.05, "word": " cutting", "probability": 0.99853515625 } ] }, { "start": 2416.05, "end": 2417.45, "text": "services and raising prices.", "avg_logprob": -0.17827120440745214, "no_speech_prob": 0.0, "words": [ { "start": 2416.05, "end": 2416.53, "word": " services", "probability": 0.998046875 }, { "start": 2416.53, "end": 2416.75, "word": " and", "probability": 1.0 }, { "start": 2416.75, "end": 2416.99, "word": " raising", "probability": 0.99951171875 }, { "start": 2416.99, "end": 2417.45, "word": " prices.", "probability": 0.99951171875 } ] }, { "start": 2417.45, "end": 2417.97, "text": "And it's just,", "avg_logprob": -0.17827120440745214, "no_speech_prob": 0.0, "words": [ { "start": 2417.45, "end": 2417.71, "word": " And", "probability": 0.99560546875 }, { "start": 2417.71, "end": 2417.85, "word": " it's", "probability": 1.0 }, { "start": 2417.85, "end": 2417.97, "word": " just,", "probability": 0.99951171875 } ] }, { "start": 2418.13, "end": 2418.27, "text": "it's,", "avg_logprob": -0.17827120440745214, "no_speech_prob": 0.0, "words": [ { "start": 2418.13, "end": 2418.27, "word": " it's,", "probability": 0.983642578125 } ] }, { "start": 2418.27, "end": 2418.81, "text": "you know,", "avg_logprob": -0.17827120440745214, "no_speech_prob": 0.0, "words": [ { "start": 2418.27, "end": 2418.77, "word": " you", "probability": 0.751953125 }, { "start": 2418.77, "end": 2418.81, "word": " know,", "probability": 1.0 } ] }, { "start": 2418.85, "end": 2421.67, "text": "it's run by someone with a spreadsheet rather than someone who loves", "avg_logprob": -0.17827120440745214, "no_speech_prob": 0.0, "words": [ { "start": 2418.85, "end": 2419.15, "word": " it's", "probability": 0.99951171875 }, { "start": 2419.15, "end": 2419.37, "word": " run", "probability": 0.62109375 }, { "start": 2419.37, "end": 2419.57, "word": " by", "probability": 1.0 }, { "start": 2419.57, "end": 2419.87, "word": " someone", "probability": 1.0 }, { "start": 2419.87, "end": 2420.05, "word": " with", "probability": 0.99951171875 }, { "start": 2420.05, "end": 2420.15, "word": " a", "probability": 1.0 }, { "start": 2420.15, "end": 2420.55, "word": " spreadsheet", "probability": 1.0 }, { "start": 2420.55, "end": 2420.91, "word": " rather", "probability": 0.994140625 }, { "start": 2420.91, "end": 2421.03, "word": " than", "probability": 1.0 }, { "start": 2421.03, "end": 2421.27, "word": " someone", "probability": 1.0 }, { "start": 2421.27, "end": 2421.43, "word": " who", "probability": 1.0 }, { "start": 2421.43, "end": 2421.67, "word": " loves", "probability": 1.0 } ] }, { "start": 2421.67, "end": 2422.01, "text": "animals,", "avg_logprob": -0.17827120440745214, "no_speech_prob": 0.0, "words": [ { "start": 2421.67, "end": 2422.01, "word": " animals,", "probability": 1.0 } ] }, { "start": 2422.05, "end": 2422.49, "text": "for example.", "avg_logprob": -0.17827120440745214, "no_speech_prob": 0.0, "words": [ { "start": 2422.05, "end": 2422.19, "word": " for", "probability": 1.0 }, { "start": 2422.19, "end": 2422.49, "word": " example.", "probability": 1.0 } ] }, { "start": 2422.65, "end": 2443.13, "text": "And obviously, you have to balance business with the true passion of what you're doing. But a lot of private equity businesses have that outcome, whereas it's geared more toward the spreadsheet. And private equity companies have a larger than average failure rate because they get loaded up with debt and have some of their kind of soul ripped out.", "avg_logprob": -0.1102552783321327, "no_speech_prob": 0.0, "words": [ { "start": 2422.65, "end": 2423.37, "word": " And", "probability": 0.78125 }, { "start": 2423.37, "end": 2423.81, "word": " obviously,", "probability": 0.97607421875 }, { "start": 2423.95, "end": 2423.95, "word": " you", "probability": 1.0 }, { "start": 2423.95, "end": 2424.05, "word": " have", "probability": 1.0 }, { "start": 2424.05, "end": 2424.15, "word": " to", "probability": 1.0 }, { "start": 2424.15, "end": 2424.39, "word": " balance", "probability": 1.0 }, { "start": 2424.39, "end": 2424.83, "word": " business", "probability": 1.0 }, { "start": 2424.83, "end": 2425.19, "word": " with", "probability": 1.0 }, { "start": 2425.19, "end": 2426.53, "word": " the", "probability": 0.86474609375 }, { "start": 2426.53, "end": 2427.85, "word": " true", "probability": 0.99951171875 }, { "start": 2427.85, "end": 2428.29, "word": " passion", "probability": 0.99951171875 }, { "start": 2428.29, "end": 2428.41, "word": " of", "probability": 0.99560546875 }, { "start": 2428.41, "end": 2428.51, "word": " what", "probability": 1.0 }, { "start": 2428.51, "end": 2428.63, "word": " you're", "probability": 0.99951171875 }, { "start": 2428.63, "end": 2428.95, "word": " doing.", "probability": 1.0 }, { "start": 2429.59, "end": 2430.07, "word": " But", "probability": 0.99951171875 }, { "start": 2430.07, "end": 2430.19, "word": " a", "probability": 1.0 }, { "start": 2430.19, "end": 2430.29, "word": " lot", "probability": 1.0 }, { "start": 2430.29, "end": 2430.37, "word": " of", "probability": 1.0 }, { "start": 2430.37, "end": 2430.61, "word": " private", "probability": 1.0 }, { "start": 2430.61, "end": 2430.81, "word": " equity", "probability": 0.99951171875 }, { "start": 2430.81, "end": 2431.19, "word": " businesses", "probability": 1.0 }, { "start": 2431.19, "end": 2431.73, "word": " have", "probability": 1.0 }, { "start": 2431.73, "end": 2431.93, "word": " that", "probability": 1.0 }, { "start": 2431.93, "end": 2432.33, "word": " outcome,", "probability": 1.0 }, { "start": 2432.35, "end": 2432.59, "word": " whereas", "probability": 0.41162109375 }, { "start": 2432.59, "end": 2432.83, "word": " it's", "probability": 1.0 }, { "start": 2432.83, "end": 2433.01, "word": " geared", "probability": 1.0 }, { "start": 2433.01, "end": 2433.25, "word": " more", "probability": 1.0 }, { "start": 2433.25, "end": 2433.47, "word": " toward", "probability": 0.982421875 }, { "start": 2433.47, "end": 2433.61, "word": " the", "probability": 1.0 }, { "start": 2433.61, "end": 2434.09, "word": " spreadsheet.", "probability": 0.99951171875 }, { "start": 2434.35, "end": 2434.75, "word": " And", "probability": 0.99951171875 }, { "start": 2434.75, "end": 2435.01, "word": " private", "probability": 1.0 }, { "start": 2435.01, "end": 2435.23, "word": " equity", "probability": 1.0 }, { "start": 2435.23, "end": 2435.53, "word": " companies", "probability": 1.0 }, { "start": 2435.53, "end": 2435.73, "word": " have", "probability": 1.0 }, { "start": 2435.73, "end": 2435.85, "word": " a", "probability": 1.0 }, { "start": 2435.85, "end": 2436.19, "word": " larger", "probability": 1.0 }, { "start": 2436.19, "end": 2436.33, "word": " than", "probability": 0.80029296875 }, { "start": 2436.33, "end": 2436.65, "word": " average", "probability": 1.0 }, { "start": 2436.65, "end": 2437.05, "word": " failure", "probability": 1.0 }, { "start": 2437.05, "end": 2437.39, "word": " rate", "probability": 1.0 }, { "start": 2437.39, "end": 2438.75, "word": " because", "probability": 0.9521484375 }, { "start": 2438.75, "end": 2439.09, "word": " they", "probability": 1.0 }, { "start": 2439.09, "end": 2439.61, "word": " get", "probability": 1.0 }, { "start": 2439.61, "end": 2439.95, "word": " loaded", "probability": 0.9970703125 }, { "start": 2439.95, "end": 2440.11, "word": " up", "probability": 1.0 }, { "start": 2440.11, "end": 2440.23, "word": " with", "probability": 0.9072265625 }, { "start": 2440.23, "end": 2440.51, "word": " debt", "probability": 1.0 }, { "start": 2440.51, "end": 2440.71, "word": " and", "probability": 0.99951171875 }, { "start": 2440.71, "end": 2441.15, "word": " have", "probability": 1.0 }, { "start": 2441.15, "end": 2441.37, "word": " some", "probability": 1.0 }, { "start": 2441.37, "end": 2441.51, "word": " of", "probability": 1.0 }, { "start": 2441.51, "end": 2441.75, "word": " their", "probability": 1.0 }, { "start": 2441.75, "end": 2441.95, "word": " kind", "probability": 0.65478515625 }, { "start": 2441.95, "end": 2442.13, "word": " of", "probability": 1.0 }, { "start": 2442.13, "end": 2442.61, "word": " soul", "probability": 0.98486328125 }, { "start": 2442.61, "end": 2442.87, "word": " ripped", "probability": 1.0 }, { "start": 2442.87, "end": 2443.13, "word": " out.", "probability": 1.0 } ] }, { "start": 2443.65, "end": 2447.35, "text": "And so structurally, a permanent capital vehicle is interesting.", "avg_logprob": -0.17641559574339125, "no_speech_prob": 0.0, "words": [ { "start": 2443.65, "end": 2444.05, "word": " And", "probability": 0.90283203125 }, { "start": 2444.05, "end": 2444.35, "word": " so", "probability": 1.0 }, { "start": 2444.35, "end": 2445.21, "word": " structurally,", "probability": 0.95654296875 }, { "start": 2445.47, "end": 2445.73, "word": " a", "probability": 1.0 }, { "start": 2445.73, "end": 2446.07, "word": " permanent", "probability": 1.0 }, { "start": 2446.07, "end": 2446.53, "word": " capital", "probability": 1.0 }, { "start": 2446.53, "end": 2446.89, "word": " vehicle", "probability": 1.0 }, { "start": 2446.89, "end": 2447.03, "word": " is", "probability": 0.9970703125 }, { "start": 2447.03, "end": 2447.35, "word": " interesting.", "probability": 1.0 } ] }, { "start": 2447.51, "end": 2449.59, "text": "And that's just a jargony way of saying a company.", "avg_logprob": -0.17641559574339125, "no_speech_prob": 0.0, "words": [ { "start": 2447.51, "end": 2447.61, "word": " And", "probability": 0.9853515625 }, { "start": 2447.61, "end": 2447.99, "word": " that's", "probability": 1.0 }, { "start": 2447.99, "end": 2448.09, "word": " just", "probability": 1.0 }, { "start": 2448.09, "end": 2448.23, "word": " a", "probability": 1.0 }, { "start": 2448.23, "end": 2448.63, "word": " jargony", "probability": 0.9752604166666666 }, { "start": 2448.63, "end": 2448.79, "word": " way", "probability": 1.0 }, { "start": 2448.79, "end": 2448.89, "word": " of", "probability": 1.0 }, { "start": 2448.89, "end": 2449.05, "word": " saying", "probability": 1.0 }, { "start": 2449.05, "end": 2449.21, "word": " a", "probability": 0.99951171875 }, { "start": 2449.21, "end": 2449.59, "word": " company.", "probability": 1.0 } ] }, { "start": 2449.93, "end": 2453.33, "text": "So private equity investors, I mean, managers are not like evil.", "avg_logprob": -0.17641559574339125, "no_speech_prob": 0.0, "words": [ { "start": 2449.93, "end": 2450.07, "word": " So", "probability": 0.99853515625 }, { "start": 2450.07, "end": 2451.11, "word": " private", "probability": 0.99853515625 }, { "start": 2451.11, "end": 2451.31, "word": " equity", "probability": 1.0 }, { "start": 2451.31, "end": 2451.71, "word": " investors,", "probability": 1.0 }, { "start": 2451.95, "end": 2451.95, "word": " I", "probability": 0.99560546875 }, { "start": 2451.95, "end": 2452.07, "word": " mean,", "probability": 1.0 }, { "start": 2452.19, "end": 2452.51, "word": " managers", "probability": 1.0 }, { "start": 2452.51, "end": 2452.65, "word": " are", "probability": 0.99853515625 }, { "start": 2452.65, "end": 2452.79, "word": " not", "probability": 1.0 }, { "start": 2452.79, "end": 2452.95, "word": " like", "probability": 0.90625 }, { "start": 2452.95, "end": 2453.33, "word": " evil.", "probability": 0.99951171875 } ] }, { "start": 2453.57, "end": 2455.09, "text": "They have an incentive structure.", "avg_logprob": -0.17641559574339125, "no_speech_prob": 0.0, "words": [ { "start": 2453.57, "end": 2453.97, "word": " They", "probability": 1.0 }, { "start": 2453.97, "end": 2454.25, "word": " have", "probability": 1.0 }, { "start": 2454.25, "end": 2454.37, "word": " an", "probability": 1.0 }, { "start": 2454.37, "end": 2454.73, "word": " incentive", "probability": 1.0 }, { "start": 2454.73, "end": 2455.09, "word": " structure.", "probability": 1.0 } ] }, { "start": 2455.25, "end": 2458.07, "text": "They have like a, you know, say a 10-year fund life.", "avg_logprob": -0.17641559574339125, "no_speech_prob": 0.0, "words": [ { "start": 2455.25, "end": 2455.27, "word": " They", "probability": 0.9853515625 }, { "start": 2455.27, "end": 2455.37, "word": " have", "probability": 1.0 }, { "start": 2455.37, "end": 2455.47, "word": " like", "probability": 0.974609375 }, { "start": 2455.47, "end": 2455.61, "word": " a,", "probability": 0.7314453125 }, { "start": 2455.69, "end": 2455.91, "word": " you", "probability": 0.7119140625 }, { "start": 2455.91, "end": 2455.93, "word": " know,", "probability": 0.99951171875 }, { "start": 2455.99, "end": 2456.07, "word": " say", "probability": 0.99853515625 }, { "start": 2456.07, "end": 2456.23, "word": " a", "probability": 0.9912109375 }, { "start": 2456.23, "end": 2456.47, "word": " 10", "probability": 0.99755859375 }, { "start": 2456.47, "end": 2456.73, "word": "-year", "probability": 0.786865234375 }, { "start": 2456.73, "end": 2457.67, "word": " fund", "probability": 1.0 }, { "start": 2457.67, "end": 2458.07, "word": " life.", "probability": 1.0 } ] }, { "start": 2458.45, "end": 2465.99, "text": "And their mandate is to go buy businesses, quote unquote, fix them up and then flip them out and build a return cash to investors.", "avg_logprob": -0.17641559574339125, "no_speech_prob": 0.0, "words": [ { "start": 2458.45, "end": 2458.69, "word": " And", "probability": 1.0 }, { "start": 2458.69, "end": 2458.85, "word": " their", "probability": 1.0 }, { "start": 2458.85, "end": 2459.17, "word": " mandate", "probability": 1.0 }, { "start": 2459.17, "end": 2459.35, "word": " is", "probability": 1.0 }, { "start": 2459.35, "end": 2459.47, "word": " to", "probability": 1.0 }, { "start": 2459.47, "end": 2459.61, "word": " go", "probability": 1.0 }, { "start": 2459.61, "end": 2459.89, "word": " buy", "probability": 0.99267578125 }, { "start": 2459.89, "end": 2460.39, "word": " businesses,", "probability": 1.0 }, { "start": 2461.27, "end": 2461.37, "word": " quote", "probability": 0.99951171875 }, { "start": 2461.37, "end": 2461.55, "word": " unquote,", "probability": 0.59326171875 }, { "start": 2461.69, "end": 2461.85, "word": " fix", "probability": 0.99951171875 }, { "start": 2461.85, "end": 2462.01, "word": " them", "probability": 1.0 }, { "start": 2462.01, "end": 2462.21, "word": " up", "probability": 1.0 }, { "start": 2462.21, "end": 2462.33, "word": " and", "probability": 0.73486328125 }, { "start": 2462.33, "end": 2462.79, "word": " then", "probability": 1.0 }, { "start": 2462.79, "end": 2463.41, "word": " flip", "probability": 0.9921875 }, { "start": 2463.41, "end": 2463.61, "word": " them", "probability": 1.0 }, { "start": 2463.61, "end": 2463.85, "word": " out", "probability": 1.0 }, { "start": 2463.85, "end": 2464.03, "word": " and", "probability": 0.9990234375 }, { "start": 2464.03, "end": 2464.19, "word": " build", "probability": 0.634765625 }, { "start": 2464.19, "end": 2464.31, "word": " a", "probability": 0.99609375 }, { "start": 2464.31, "end": 2464.57, "word": " return", "probability": 1.0 }, { "start": 2464.57, "end": 2465.03, "word": " cash", "probability": 0.9990234375 }, { "start": 2465.03, "end": 2465.27, "word": " to", "probability": 1.0 }, { "start": 2465.27, "end": 2465.99, "word": " investors.", "probability": 0.99951171875 } ] }, { "start": 2466.29, "end": 2468.39, "text": "And they kind of use the same blueprint, right?", "avg_logprob": -0.17641559574339125, "no_speech_prob": 0.0, "words": [ { "start": 2466.29, "end": 2466.57, "word": " And", "probability": 0.99853515625 }, { "start": 2466.57, "end": 2466.69, "word": " they", "probability": 0.99951171875 }, { "start": 2466.69, "end": 2466.83, "word": " kind", "probability": 0.99853515625 }, { "start": 2466.83, "end": 2466.87, "word": " of", "probability": 1.0 }, { "start": 2466.87, "end": 2467.07, "word": " use", "probability": 1.0 }, { "start": 2467.07, "end": 2467.21, "word": " the", "probability": 1.0 }, { "start": 2467.21, "end": 2467.43, "word": " same", "probability": 1.0 }, { "start": 2467.43, "end": 2467.89, "word": " blueprint,", "probability": 1.0 }, { "start": 2468.35, "end": 2468.39, "word": " right?", "probability": 1.0 } ] }, { "start": 2468.39, "end": 2473.99, "text": "Right. Like they kind of like like take on debt, fire some people, squeeze the hell out of the rest of them that are left.", "avg_logprob": -0.11441200853962648, "no_speech_prob": 0.0, "words": [ { "start": 2468.39, "end": 2468.49, "word": " Right.", "probability": 0.3271484375 }, { "start": 2468.57, "end": 2468.73, "word": " Like", "probability": 0.9091796875 }, { "start": 2468.73, "end": 2468.83, "word": " they", "probability": 0.95556640625 }, { "start": 2468.83, "end": 2469.05, "word": " kind", "probability": 0.99853515625 }, { "start": 2469.05, "end": 2469.17, "word": " of", "probability": 1.0 }, { "start": 2469.17, "end": 2469.41, "word": " like", "probability": 0.8740234375 }, { "start": 2469.41, "end": 2469.67, "word": " like", "probability": 0.2137451171875 }, { "start": 2469.67, "end": 2470.25, "word": " take", "probability": 0.998046875 }, { "start": 2470.25, "end": 2470.41, "word": " on", "probability": 1.0 }, { "start": 2470.41, "end": 2470.75, "word": " debt,", "probability": 0.99609375 }, { "start": 2471.11, "end": 2471.41, "word": " fire", "probability": 1.0 }, { "start": 2471.41, "end": 2471.67, "word": " some", "probability": 0.990234375 }, { "start": 2471.67, "end": 2472.05, "word": " people,", "probability": 1.0 }, { "start": 2472.25, "end": 2472.49, "word": " squeeze", "probability": 1.0 }, { "start": 2472.49, "end": 2472.63, "word": " the", "probability": 1.0 }, { "start": 2472.63, "end": 2472.75, "word": " hell", "probability": 0.994140625 }, { "start": 2472.75, "end": 2472.91, "word": " out", "probability": 1.0 }, { "start": 2472.91, "end": 2472.97, "word": " of", "probability": 1.0 }, { "start": 2472.97, "end": 2473.05, "word": " the", "probability": 0.99951171875 }, { "start": 2473.05, "end": 2473.23, "word": " rest", "probability": 0.986328125 }, { "start": 2473.23, "end": 2473.35, "word": " of", "probability": 0.88671875 }, { "start": 2473.35, "end": 2473.39, "word": " them", "probability": 0.8310546875 }, { "start": 2473.39, "end": 2473.51, "word": " that", "probability": 0.88525390625 }, { "start": 2473.51, "end": 2473.61, "word": " are", "probability": 0.9990234375 }, { "start": 2473.61, "end": 2473.99, "word": " left.", "probability": 1.0 } ] }, { "start": 2474.01, "end": 2479.23, "text": "Because, I mean, I know some folks who work, you know, end up working for something that's been acquired by private equity.", "avg_logprob": -0.11441200853962648, "no_speech_prob": 0.0, "words": [ { "start": 2474.01, "end": 2474.33, "word": " Because,", "probability": 0.99560546875 }, { "start": 2474.49, "end": 2474.55, "word": " I", "probability": 1.0 }, { "start": 2474.55, "end": 2474.61, "word": " mean,", "probability": 0.99951171875 }, { "start": 2474.67, "end": 2474.75, "word": " I", "probability": 1.0 }, { "start": 2474.75, "end": 2474.87, "word": " know", "probability": 1.0 }, { "start": 2474.87, "end": 2475.07, "word": " some", "probability": 1.0 }, { "start": 2475.07, "end": 2475.41, "word": " folks", "probability": 1.0 }, { "start": 2475.41, "end": 2475.55, "word": " who", "probability": 1.0 }, { "start": 2475.55, "end": 2475.85, "word": " work,", "probability": 0.98291015625 }, { "start": 2476.19, "end": 2476.59, "word": " you", "probability": 0.9990234375 }, { "start": 2476.59, "end": 2476.67, "word": " know,", "probability": 1.0 }, { "start": 2476.81, "end": 2476.95, "word": " end", "probability": 0.99951171875 }, { "start": 2476.95, "end": 2477.09, "word": " up", "probability": 1.0 }, { "start": 2477.09, "end": 2477.43, "word": " working", "probability": 1.0 }, { "start": 2477.43, "end": 2477.71, "word": " for", "probability": 1.0 }, { "start": 2477.71, "end": 2477.95, "word": " something", "probability": 1.0 }, { "start": 2477.95, "end": 2478.13, "word": " that's", "probability": 1.0 }, { "start": 2478.13, "end": 2478.21, "word": " been", "probability": 0.99951171875 }, { "start": 2478.21, "end": 2478.49, "word": " acquired", "probability": 1.0 }, { "start": 2478.49, "end": 2478.65, "word": " by", "probability": 1.0 }, { "start": 2478.65, "end": 2478.91, "word": " private", "probability": 0.9990234375 }, { "start": 2478.91, "end": 2479.23, "word": " equity.", "probability": 1.0 } ] }, { "start": 2479.29, "end": 2484.07, "text": "And like it's impossible. You know, the quotas are so much harder. They're running. They feel like they're running on a treadmill.", "avg_logprob": -0.11441200853962648, "no_speech_prob": 0.0, "words": [ { "start": 2479.29, "end": 2479.41, "word": " And", "probability": 0.99853515625 }, { "start": 2479.41, "end": 2479.57, "word": " like", "probability": 0.96533203125 }, { "start": 2479.57, "end": 2480.13, "word": " it's", "probability": 0.779052734375 }, { "start": 2480.13, "end": 2480.59, "word": " impossible.", "probability": 1.0 }, { "start": 2480.79, "end": 2480.87, "word": " You", "probability": 0.994140625 }, { "start": 2480.87, "end": 2480.89, "word": " know,", "probability": 1.0 }, { "start": 2480.93, "end": 2480.99, "word": " the", "probability": 1.0 }, { "start": 2480.99, "end": 2481.35, "word": " quotas", "probability": 0.99951171875 }, { "start": 2481.35, "end": 2481.45, "word": " are", "probability": 1.0 }, { "start": 2481.45, "end": 2481.61, "word": " so", "probability": 1.0 }, { "start": 2481.61, "end": 2481.77, "word": " much", "probability": 1.0 }, { "start": 2481.77, "end": 2482.09, "word": " harder.", "probability": 1.0 }, { "start": 2482.31, "end": 2482.45, "word": " They're", "probability": 0.99951171875 }, { "start": 2482.45, "end": 2482.75, "word": " running.", "probability": 1.0 }, { "start": 2482.93, "end": 2483.21, "word": " They", "probability": 0.99755859375 }, { "start": 2483.21, "end": 2483.33, "word": " feel", "probability": 0.9990234375 }, { "start": 2483.33, "end": 2483.41, "word": " like", "probability": 1.0 }, { "start": 2483.41, "end": 2483.53, "word": " they're", "probability": 1.0 }, { "start": 2483.53, "end": 2483.65, "word": " running", "probability": 0.99951171875 }, { "start": 2483.65, "end": 2483.75, "word": " on", "probability": 1.0 }, { "start": 2483.75, "end": 2483.83, "word": " a", "probability": 1.0 }, { "start": 2483.83, "end": 2484.07, "word": " treadmill.", "probability": 1.0 } ] }, { "start": 2484.31, "end": 2489.99, "text": "Yeah, because all the incentive is basically the next few years. It's not about how do we build a foundation 10 years out?", "avg_logprob": -0.11441200853962648, "no_speech_prob": 0.0, "words": [ { "start": 2484.31, "end": 2484.47, "word": " Yeah,", "probability": 0.9951171875 }, { "start": 2484.55, "end": 2484.65, "word": " because", "probability": 1.0 }, { "start": 2484.65, "end": 2484.77, "word": " all", "probability": 1.0 }, { "start": 2484.77, "end": 2484.87, "word": " the", "probability": 1.0 }, { "start": 2484.87, "end": 2485.23, "word": " incentive", "probability": 1.0 }, { "start": 2485.23, "end": 2485.53, "word": " is", "probability": 1.0 }, { "start": 2485.53, "end": 2485.97, "word": " basically", "probability": 1.0 }, { "start": 2485.97, "end": 2486.17, "word": " the", "probability": 1.0 }, { "start": 2486.17, "end": 2486.31, "word": " next", "probability": 1.0 }, { "start": 2486.31, "end": 2486.47, "word": " few", "probability": 1.0 }, { "start": 2486.47, "end": 2486.79, "word": " years.", "probability": 1.0 }, { "start": 2486.97, "end": 2487.33, "word": " It's", "probability": 1.0 }, { "start": 2487.33, "end": 2487.51, "word": " not", "probability": 1.0 }, { "start": 2487.51, "end": 2487.93, "word": " about", "probability": 1.0 }, { "start": 2487.93, "end": 2488.23, "word": " how", "probability": 1.0 }, { "start": 2488.23, "end": 2488.35, "word": " do", "probability": 0.853515625 }, { "start": 2488.35, "end": 2488.41, "word": " we", "probability": 1.0 }, { "start": 2488.41, "end": 2488.61, "word": " build", "probability": 1.0 }, { "start": 2488.61, "end": 2488.73, "word": " a", "probability": 1.0 }, { "start": 2488.73, "end": 2489.21, "word": " foundation", "probability": 1.0 }, { "start": 2489.21, "end": 2489.57, "word": " 10", "probability": 0.9833984375 }, { "start": 2489.57, "end": 2489.77, "word": " years", "probability": 1.0 }, { "start": 2489.77, "end": 2489.99, "word": " out?", "probability": 0.99951171875 } ] }, { "start": 2491.01, "end": 2496.49, "text": "And so but with a permanent capital vehicle, with the most with the most famous example being Berkshire Hathaway.", "avg_logprob": -0.11441200853962648, "no_speech_prob": 0.0, "words": [ { "start": 2491.01, "end": 2491.39, "word": " And", "probability": 0.99658203125 }, { "start": 2491.39, "end": 2491.59, "word": " so", "probability": 1.0 }, { "start": 2491.59, "end": 2491.79, "word": " but", "probability": 0.9697265625 }, { "start": 2491.79, "end": 2491.97, "word": " with", "probability": 1.0 }, { "start": 2491.97, "end": 2492.25, "word": " a", "probability": 1.0 }, { "start": 2492.25, "end": 2492.57, "word": " permanent", "probability": 1.0 }, { "start": 2492.57, "end": 2492.93, "word": " capital", "probability": 1.0 }, { "start": 2492.93, "end": 2493.29, "word": " vehicle,", "probability": 1.0 }, { "start": 2493.49, "end": 2493.59, "word": " with", "probability": 1.0 }, { "start": 2493.59, "end": 2493.85, "word": " the", "probability": 0.83447265625 }, { "start": 2493.85, "end": 2494.05, "word": " most", "probability": 1.0 }, { "start": 2494.05, "end": 2494.41, "word": " with", "probability": 0.33349609375 }, { "start": 2494.41, "end": 2494.59, "word": " the", "probability": 1.0 }, { "start": 2494.59, "end": 2494.75, "word": " most", "probability": 0.99951171875 }, { "start": 2494.75, "end": 2494.99, "word": " famous", "probability": 1.0 }, { "start": 2494.99, "end": 2495.39, "word": " example", "probability": 1.0 }, { "start": 2495.39, "end": 2495.67, "word": " being", "probability": 0.98291015625 }, { "start": 2495.67, "end": 2496.11, "word": " Berkshire", "probability": 0.9993489583333334 }, { "start": 2496.11, "end": 2496.49, "word": " Hathaway.", "probability": 0.9998372395833334 } ] }, { "start": 2496.93, "end": 2500.59, "text": "They buy companies and they just hold them for decades.", "avg_logprob": -0.09672619047619048, "no_speech_prob": 0.0, "words": [ { "start": 2496.93, "end": 2497.21, "word": " They", "probability": 0.91796875 }, { "start": 2497.21, "end": 2498.05, "word": " buy", "probability": 0.74462890625 }, { "start": 2498.05, "end": 2498.61, "word": " companies", "probability": 1.0 }, { "start": 2498.61, "end": 2499.17, "word": " and", "probability": 0.67578125 }, { "start": 2499.17, "end": 2499.37, "word": " they", "probability": 1.0 }, { "start": 2499.37, "end": 2499.59, "word": " just", "probability": 1.0 }, { "start": 2499.59, "end": 2499.95, "word": " hold", "probability": 1.0 }, { "start": 2499.95, "end": 2500.07, "word": " them", "probability": 1.0 }, { "start": 2500.07, "end": 2500.23, "word": " for", "probability": 1.0 }, { "start": 2500.23, "end": 2500.59, "word": " decades.", "probability": 1.0 } ] }, { "start": 2500.81, "end": 2509.29, "text": "And so the incentive structure, obviously, they want that company to be successful, competitive, to trim areas that need to be trimming and to do well.", "avg_logprob": -0.09672619047619048, "no_speech_prob": 0.0, "words": [ { "start": 2500.81, "end": 2501.15, "word": " And", "probability": 0.833984375 }, { "start": 2501.15, "end": 2501.27, "word": " so", "probability": 1.0 }, { "start": 2501.27, "end": 2501.39, "word": " the", "probability": 0.970703125 }, { "start": 2501.39, "end": 2501.75, "word": " incentive", "probability": 0.99951171875 }, { "start": 2501.75, "end": 2502.17, "word": " structure,", "probability": 1.0 }, { "start": 2502.33, "end": 2502.53, "word": " obviously,", "probability": 0.9990234375 }, { "start": 2502.59, "end": 2502.69, "word": " they", "probability": 1.0 }, { "start": 2502.69, "end": 2502.87, "word": " want", "probability": 1.0 }, { "start": 2502.87, "end": 2503.69, "word": " that", "probability": 0.99853515625 }, { "start": 2503.69, "end": 2503.99, "word": " company", "probability": 0.99755859375 }, { "start": 2503.99, "end": 2504.11, "word": " to", "probability": 1.0 }, { "start": 2504.11, "end": 2504.23, "word": " be", "probability": 1.0 }, { "start": 2504.23, "end": 2504.79, "word": " successful,", "probability": 0.9990234375 }, { "start": 2504.99, "end": 2505.39, "word": " competitive,", "probability": 1.0 }, { "start": 2505.67, "end": 2507.01, "word": " to", "probability": 0.90771484375 }, { "start": 2507.01, "end": 2507.45, "word": " trim", "probability": 0.99951171875 }, { "start": 2507.45, "end": 2507.81, "word": " areas", "probability": 0.99853515625 }, { "start": 2507.81, "end": 2507.95, "word": " that", "probability": 0.9765625 }, { "start": 2507.95, "end": 2508.05, "word": " need", "probability": 1.0 }, { "start": 2508.05, "end": 2508.13, "word": " to", "probability": 1.0 }, { "start": 2508.13, "end": 2508.21, "word": " be", "probability": 1.0 }, { "start": 2508.21, "end": 2508.49, "word": " trimming", "probability": 1.0 }, { "start": 2508.49, "end": 2508.71, "word": " and", "probability": 0.99951171875 }, { "start": 2508.71, "end": 2508.81, "word": " to", "probability": 1.0 }, { "start": 2508.81, "end": 2508.97, "word": " do", "probability": 1.0 }, { "start": 2508.97, "end": 2509.29, "word": " well.", "probability": 1.0 } ] }, { "start": 2509.43, "end": 2518.85, "text": "But it's all incentivized toward being an indefinite holder that wants the decades of cash flows and growth from that company, not short-term maximization.", "avg_logprob": -0.09672619047619048, "no_speech_prob": 0.0, "words": [ { "start": 2509.43, "end": 2509.75, "word": " But", "probability": 0.99951171875 }, { "start": 2509.75, "end": 2509.91, "word": " it's", "probability": 0.999755859375 }, { "start": 2509.91, "end": 2510.23, "word": " all", "probability": 1.0 }, { "start": 2510.23, "end": 2511.07, "word": " incentivized", "probability": 0.999755859375 }, { "start": 2511.07, "end": 2511.49, "word": " toward", "probability": 0.99951171875 }, { "start": 2511.49, "end": 2512.43, "word": " being", "probability": 1.0 }, { "start": 2512.43, "end": 2512.57, "word": " an", "probability": 0.9912109375 }, { "start": 2512.57, "end": 2512.93, "word": " indefinite", "probability": 0.9957682291666666 }, { "start": 2512.93, "end": 2513.29, "word": " holder", "probability": 0.99560546875 }, { "start": 2513.29, "end": 2513.53, "word": " that", "probability": 0.99951171875 }, { "start": 2513.53, "end": 2513.89, "word": " wants", "probability": 1.0 }, { "start": 2513.89, "end": 2514.17, "word": " the", "probability": 0.99951171875 }, { "start": 2514.17, "end": 2514.85, "word": " decades", "probability": 1.0 }, { "start": 2514.85, "end": 2515.07, "word": " of", "probability": 1.0 }, { "start": 2515.07, "end": 2515.57, "word": " cash", "probability": 1.0 }, { "start": 2515.57, "end": 2515.77, "word": " flows", "probability": 0.9970703125 }, { "start": 2515.77, "end": 2515.95, "word": " and", "probability": 1.0 }, { "start": 2515.95, "end": 2516.23, "word": " growth", "probability": 1.0 }, { "start": 2516.23, "end": 2516.41, "word": " from", "probability": 1.0 }, { "start": 2516.41, "end": 2516.55, "word": " that", "probability": 1.0 }, { "start": 2516.55, "end": 2516.95, "word": " company,", "probability": 1.0 }, { "start": 2517.11, "end": 2517.51, "word": " not", "probability": 1.0 }, { "start": 2517.51, "end": 2517.79, "word": " short", "probability": 1.0 }, { "start": 2517.79, "end": 2518.07, "word": "-term", "probability": 0.946533203125 }, { "start": 2518.07, "end": 2518.85, "word": " maximization.", "probability": 0.999755859375 } ] }, { "start": 2519.17, "end": 2524.59, "text": "So Orange Juice is a permanent capital company that seeks to buy companies and then hold them indefinitely.", "avg_logprob": -0.09672619047619048, "no_speech_prob": 0.0, "words": [ { "start": 2519.17, "end": 2519.45, "word": " So", "probability": 0.99658203125 }, { "start": 2519.45, "end": 2519.87, "word": " Orange", "probability": 0.9365234375 }, { "start": 2519.87, "end": 2520.11, "word": " Juice", "probability": 0.99560546875 }, { "start": 2520.11, "end": 2520.57, "word": " is", "probability": 1.0 }, { "start": 2520.57, "end": 2520.77, "word": " a", "probability": 1.0 }, { "start": 2520.77, "end": 2521.07, "word": " permanent", "probability": 1.0 }, { "start": 2521.07, "end": 2521.39, "word": " capital", "probability": 0.99951171875 }, { "start": 2521.39, "end": 2521.71, "word": " company", "probability": 1.0 }, { "start": 2521.71, "end": 2521.83, "word": " that", "probability": 0.99951171875 }, { "start": 2521.83, "end": 2522.03, "word": " seeks", "probability": 1.0 }, { "start": 2522.03, "end": 2522.17, "word": " to", "probability": 1.0 }, { "start": 2522.17, "end": 2522.41, "word": " buy", "probability": 1.0 }, { "start": 2522.41, "end": 2522.97, "word": " companies", "probability": 1.0 }, { "start": 2522.97, "end": 2523.59, "word": " and", "probability": 0.9990234375 }, { "start": 2523.59, "end": 2523.69, "word": " then", "probability": 1.0 }, { "start": 2523.69, "end": 2523.95, "word": " hold", "probability": 1.0 }, { "start": 2523.95, "end": 2524.07, "word": " them", "probability": 1.0 }, { "start": 2524.07, "end": 2524.59, "word": " indefinitely.", "probability": 1.0 } ] }, { "start": 2524.59, "end": 2530.71, "text": "So decisions are geared toward that longer term rather than how can we maximize profit three years out.", "avg_logprob": -0.13768696326475877, "no_speech_prob": 0.0, "words": [ { "start": 2524.59, "end": 2525.03, "word": " So", "probability": 0.92333984375 }, { "start": 2525.03, "end": 2525.71, "word": " decisions", "probability": 0.921875 }, { "start": 2525.71, "end": 2525.99, "word": " are", "probability": 1.0 }, { "start": 2525.99, "end": 2526.27, "word": " geared", "probability": 1.0 }, { "start": 2526.27, "end": 2526.59, "word": " toward", "probability": 0.99853515625 }, { "start": 2526.59, "end": 2526.83, "word": " that", "probability": 1.0 }, { "start": 2526.83, "end": 2527.17, "word": " longer", "probability": 1.0 }, { "start": 2527.17, "end": 2527.63, "word": " term", "probability": 0.96435546875 }, { "start": 2527.63, "end": 2528.01, "word": " rather", "probability": 0.96630859375 }, { "start": 2528.01, "end": 2528.37, "word": " than", "probability": 1.0 }, { "start": 2528.37, "end": 2528.91, "word": " how", "probability": 0.9765625 }, { "start": 2528.91, "end": 2529.01, "word": " can", "probability": 0.9755859375 }, { "start": 2529.01, "end": 2529.07, "word": " we", "probability": 0.99755859375 }, { "start": 2529.07, "end": 2529.45, "word": " maximize", "probability": 0.9990234375 }, { "start": 2529.45, "end": 2529.93, "word": " profit", "probability": 1.0 }, { "start": 2529.93, "end": 2530.15, "word": " three", "probability": 0.99609375 }, { "start": 2530.15, "end": 2530.39, "word": " years", "probability": 1.0 }, { "start": 2530.39, "end": 2530.71, "word": " out.", "probability": 1.0 } ] }, { "start": 2531.07, "end": 2539.53, "text": "And then permanent capital companies in general, because they're not just flipping in near-term optimizing thing, they need a kicker that kind of makes that long-term strategy work well.", "avg_logprob": -0.13768696326475877, "no_speech_prob": 0.0, "words": [ { "start": 2531.07, "end": 2531.47, "word": " And", "probability": 0.99609375 }, { "start": 2531.47, "end": 2531.67, "word": " then", "probability": 1.0 }, { "start": 2531.67, "end": 2532.05, "word": " permanent", "probability": 0.998046875 }, { "start": 2532.05, "end": 2532.39, "word": " capital", "probability": 0.99951171875 }, { "start": 2532.39, "end": 2532.75, "word": " companies", "probability": 1.0 }, { "start": 2532.75, "end": 2532.91, "word": " in", "probability": 0.99462890625 }, { "start": 2532.91, "end": 2533.23, "word": " general,", "probability": 1.0 }, { "start": 2533.35, "end": 2533.53, "word": " because", "probability": 1.0 }, { "start": 2533.53, "end": 2533.69, "word": " they're", "probability": 0.999755859375 }, { "start": 2533.69, "end": 2533.81, "word": " not", "probability": 1.0 }, { "start": 2533.81, "end": 2534.01, "word": " just", "probability": 1.0 }, { "start": 2534.01, "end": 2534.33, "word": " flipping", "probability": 1.0 }, { "start": 2534.33, "end": 2534.71, "word": " in", "probability": 0.67578125 }, { "start": 2534.71, "end": 2534.91, "word": " near", "probability": 0.96728515625 }, { "start": 2534.91, "end": 2535.07, "word": "-term", "probability": 0.8642578125 }, { "start": 2535.07, "end": 2535.45, "word": " optimizing", "probability": 0.98046875 }, { "start": 2535.45, "end": 2535.75, "word": " thing,", "probability": 0.69384765625 }, { "start": 2535.95, "end": 2536.19, "word": " they", "probability": 1.0 }, { "start": 2536.19, "end": 2536.33, "word": " need", "probability": 1.0 }, { "start": 2536.33, "end": 2536.45, "word": " a", "probability": 1.0 }, { "start": 2536.45, "end": 2536.81, "word": " kicker", "probability": 0.999755859375 }, { "start": 2536.81, "end": 2537.31, "word": " that", "probability": 0.98779296875 }, { "start": 2537.31, "end": 2537.57, "word": " kind", "probability": 0.92626953125 }, { "start": 2537.57, "end": 2537.67, "word": " of", "probability": 1.0 }, { "start": 2537.67, "end": 2537.87, "word": " makes", "probability": 1.0 }, { "start": 2537.87, "end": 2538.05, "word": " that", "probability": 1.0 }, { "start": 2538.05, "end": 2538.33, "word": " long", "probability": 1.0 }, { "start": 2538.33, "end": 2538.49, "word": "-term", "probability": 0.989013671875 }, { "start": 2538.49, "end": 2538.93, "word": " strategy", "probability": 1.0 }, { "start": 2538.93, "end": 2539.27, "word": " work", "probability": 1.0 }, { "start": 2539.27, "end": 2539.53, "word": " well.", "probability": 0.9970703125 } ] }, { "start": 2539.67, "end": 2541.31, "text": "For Berkshire Hathaway, it's insurance.", "avg_logprob": -0.13768696326475877, "no_speech_prob": 0.0, "words": [ { "start": 2539.67, "end": 2539.77, "word": " For", "probability": 0.99951171875 }, { "start": 2539.77, "end": 2540.19, "word": " Berkshire", "probability": 0.9993489583333334 }, { "start": 2540.19, "end": 2540.61, "word": " Hathaway,", "probability": 0.9991861979166666 }, { "start": 2540.77, "end": 2540.83, "word": " it's", "probability": 0.999755859375 }, { "start": 2540.83, "end": 2541.31, "word": " insurance.", "probability": 1.0 } ] }, { "start": 2541.69, "end": 2548.11, "text": "Berkshire Hathaway base has the lowest cost of capital in the world, more or less, the most stable source of capital.", "avg_logprob": -0.13768696326475877, "no_speech_prob": 0.0, "words": [ { "start": 2541.69, "end": 2542.25, "word": " Berkshire", "probability": 0.99609375 }, { "start": 2542.25, "end": 2542.49, "word": " Hathaway", "probability": 1.0 }, { "start": 2542.49, "end": 2542.65, "word": " base", "probability": 0.30810546875 }, { "start": 2542.65, "end": 2542.79, "word": " has", "probability": 0.98486328125 }, { "start": 2542.79, "end": 2542.93, "word": " the", "probability": 1.0 }, { "start": 2542.93, "end": 2543.39, "word": " lowest", "probability": 1.0 }, { "start": 2543.39, "end": 2544.41, "word": " cost", "probability": 1.0 }, { "start": 2544.41, "end": 2544.55, "word": " of", "probability": 0.99853515625 }, { "start": 2544.55, "end": 2544.89, "word": " capital", "probability": 1.0 }, { "start": 2544.89, "end": 2545.03, "word": " in", "probability": 1.0 }, { "start": 2545.03, "end": 2545.13, "word": " the", "probability": 1.0 }, { "start": 2545.13, "end": 2545.39, "word": " world,", "probability": 1.0 }, { "start": 2545.43, "end": 2545.57, "word": " more", "probability": 0.9990234375 }, { "start": 2545.57, "end": 2545.69, "word": " or", "probability": 0.99951171875 }, { "start": 2545.69, "end": 2545.99, "word": " less,", "probability": 1.0 }, { "start": 2546.19, "end": 2546.81, "word": " the", "probability": 0.9990234375 }, { "start": 2546.81, "end": 2546.99, "word": " most", "probability": 1.0 }, { "start": 2546.99, "end": 2547.31, "word": " stable", "probability": 1.0 }, { "start": 2547.31, "end": 2547.59, "word": " source", "probability": 1.0 }, { "start": 2547.59, "end": 2547.71, "word": " of", "probability": 1.0 }, { "start": 2547.71, "end": 2548.11, "word": " capital.", "probability": 1.0 } ] }, { "start": 2548.29, "end": 2550.93, "text": "So that gives them a huge disadvantage.", "avg_logprob": -0.13768696326475877, "no_speech_prob": 0.0, "words": [ { "start": 2548.29, "end": 2548.81, "word": " So", "probability": 0.998046875 }, { "start": 2548.81, "end": 2549.27, "word": " that", "probability": 0.99951171875 }, { "start": 2549.27, "end": 2549.69, "word": " gives", "probability": 0.99951171875 }, { "start": 2549.69, "end": 2549.81, "word": " them", "probability": 1.0 }, { "start": 2549.81, "end": 2549.95, "word": " a", "probability": 1.0 }, { "start": 2549.95, "end": 2550.41, "word": " huge", "probability": 1.0 }, { "start": 2550.41, "end": 2550.93, "word": " disadvantage.", "probability": 0.30126953125 } ] }, { "start": 2550.93, "end": 2557.43, "text": "manage. For people that are bullish on Bitcoin, having Bitcoin on the balance sheet can be rocket", "avg_logprob": -0.08716643325398478, "no_speech_prob": 0.0, "words": [ { "start": 2550.93, "end": 2551.27, "word": " manage.", "probability": 0.1531982421875 }, { "start": 2552.03, "end": 2552.61, "word": " For", "probability": 0.943359375 }, { "start": 2552.61, "end": 2552.89, "word": " people", "probability": 0.99951171875 }, { "start": 2552.89, "end": 2553.03, "word": " that", "probability": 0.9853515625 }, { "start": 2553.03, "end": 2553.11, "word": " are", "probability": 0.9990234375 }, { "start": 2553.11, "end": 2553.41, "word": " bullish", "probability": 0.998046875 }, { "start": 2553.41, "end": 2553.59, "word": " on", "probability": 0.9990234375 }, { "start": 2553.59, "end": 2553.91, "word": " Bitcoin,", "probability": 0.96923828125 }, { "start": 2554.29, "end": 2555.21, "word": " having", "probability": 0.99560546875 }, { "start": 2555.21, "end": 2555.95, "word": " Bitcoin", "probability": 0.99658203125 }, { "start": 2555.95, "end": 2556.11, "word": " on", "probability": 0.9990234375 }, { "start": 2556.11, "end": 2556.21, "word": " the", "probability": 0.9990234375 }, { "start": 2556.21, "end": 2556.51, "word": " balance", "probability": 0.9990234375 }, { "start": 2556.51, "end": 2556.75, "word": " sheet", "probability": 0.99853515625 }, { "start": 2556.75, "end": 2556.95, "word": " can", "probability": 0.998046875 }, { "start": 2556.95, "end": 2557.11, "word": " be", "probability": 0.9990234375 }, { "start": 2557.11, "end": 2557.43, "word": " rocket", "probability": 0.99853515625 } ] }, { "start": 2557.43, "end": 2563.87, "text": "fuel as long as you manage it appropriately. And it helps you build up a kind of a fortress of", "avg_logprob": -0.08716643325398478, "no_speech_prob": 0.0, "words": [ { "start": 2557.43, "end": 2557.81, "word": " fuel", "probability": 0.99853515625 }, { "start": 2557.81, "end": 2558.73, "word": " as", "probability": 0.62890625 }, { "start": 2558.73, "end": 2558.87, "word": " long", "probability": 0.99951171875 }, { "start": 2558.87, "end": 2558.99, "word": " as", "probability": 0.998046875 }, { "start": 2558.99, "end": 2559.07, "word": " you", "probability": 0.99853515625 }, { "start": 2559.07, "end": 2559.35, "word": " manage", "probability": 0.9990234375 }, { "start": 2559.35, "end": 2559.47, "word": " it", "probability": 0.99951171875 }, { "start": 2559.47, "end": 2560.03, "word": " appropriately.", "probability": 0.998046875 }, { "start": 2560.69, "end": 2561.27, "word": " And", "probability": 0.8681640625 }, { "start": 2561.27, "end": 2561.39, "word": " it", "probability": 0.9990234375 }, { "start": 2561.39, "end": 2561.59, "word": " helps", "probability": 0.99951171875 }, { "start": 2561.59, "end": 2561.69, "word": " you", "probability": 0.99658203125 }, { "start": 2561.69, "end": 2562.01, "word": " build", "probability": 0.99951171875 }, { "start": 2562.01, "end": 2562.19, "word": " up", "probability": 0.99755859375 }, { "start": 2562.19, "end": 2562.41, "word": " a", "probability": 0.82568359375 }, { "start": 2562.41, "end": 2562.99, "word": " kind", "probability": 0.599609375 }, { "start": 2562.99, "end": 2563.11, "word": " of", "probability": 1.0 }, { "start": 2563.11, "end": 2563.21, "word": " a", "probability": 0.98486328125 }, { "start": 2563.21, "end": 2563.61, "word": " fortress", "probability": 1.0 }, { "start": 2563.61, "end": 2563.87, "word": " of", "probability": 1.0 } ] }, { "start": 2563.87, "end": 2570.87, "text": "assets that are volatile, but can't be debased. And so we've generally found that that synergy", "avg_logprob": -0.08716643325398478, "no_speech_prob": 0.0, "words": [ { "start": 2563.87, "end": 2564.33, "word": " assets", "probability": 0.99951171875 }, { "start": 2564.33, "end": 2565.11, "word": " that", "probability": 0.99951171875 }, { "start": 2565.11, "end": 2565.67, "word": " are", "probability": 0.99951171875 }, { "start": 2565.67, "end": 2566.11, "word": " volatile,", "probability": 0.99951171875 }, { "start": 2566.11, "end": 2566.47, "word": " but", "probability": 1.0 }, { "start": 2566.47, "end": 2566.81, "word": " can't", "probability": 0.999755859375 }, { "start": 2566.81, "end": 2567.05, "word": " be", "probability": 1.0 }, { "start": 2567.05, "end": 2567.51, "word": " debased.", "probability": 0.999267578125 }, { "start": 2568.55, "end": 2569.13, "word": " And", "probability": 0.99267578125 }, { "start": 2569.13, "end": 2569.45, "word": " so", "probability": 0.99609375 }, { "start": 2569.45, "end": 2569.83, "word": " we've", "probability": 0.963623046875 }, { "start": 2569.83, "end": 2569.99, "word": " generally", "probability": 0.90087890625 }, { "start": 2569.99, "end": 2570.23, "word": " found", "probability": 1.0 }, { "start": 2570.23, "end": 2570.37, "word": " that", "probability": 1.0 }, { "start": 2570.37, "end": 2570.53, "word": " that", "probability": 0.9814453125 }, { "start": 2570.53, "end": 2570.87, "word": " synergy", "probability": 0.99658203125 } ] }, { "start": 2570.87, "end": 2577.49, "text": "is interesting. And also there's a market of just people that own businesses and like Bitcoin", "avg_logprob": -0.08716643325398478, "no_speech_prob": 0.0, "words": [ { "start": 2570.87, "end": 2571.03, "word": " is", "probability": 0.99755859375 }, { "start": 2571.03, "end": 2571.31, "word": " interesting.", "probability": 0.99951171875 }, { "start": 2571.45, "end": 2571.49, "word": " And", "probability": 0.998046875 }, { "start": 2571.49, "end": 2571.79, "word": " also", "probability": 0.99853515625 }, { "start": 2571.79, "end": 2572.69, "word": " there's", "probability": 0.8525390625 }, { "start": 2572.69, "end": 2572.77, "word": " a", "probability": 1.0 }, { "start": 2572.77, "end": 2573.15, "word": " market", "probability": 0.99951171875 }, { "start": 2573.15, "end": 2573.65, "word": " of", "probability": 1.0 }, { "start": 2573.65, "end": 2574.35, "word": " just", "probability": 0.69189453125 }, { "start": 2574.35, "end": 2575.71, "word": " people", "probability": 0.9990234375 }, { "start": 2575.71, "end": 2575.93, "word": " that", "probability": 1.0 }, { "start": 2575.93, "end": 2576.17, "word": " own", "probability": 0.9990234375 }, { "start": 2576.17, "end": 2576.67, "word": " businesses", "probability": 0.9990234375 }, { "start": 2576.67, "end": 2576.89, "word": " and", "probability": 0.99169921875 }, { "start": 2576.89, "end": 2577.09, "word": " like", "probability": 0.99951171875 }, { "start": 2577.09, "end": 2577.49, "word": " Bitcoin", "probability": 0.99951171875 } ] }, { "start": 2578.61, "end": 2584.03, "text": "and they'd rather sell their company to something with like you know for legacy in mind versus like", "avg_logprob": -0.05161830234075231, "no_speech_prob": 0.0, "words": [ { "start": 2578.61, "end": 2579.05, "word": " and", "probability": 0.358642578125 }, { "start": 2579.05, "end": 2579.29, "word": " they'd", "probability": 1.0 }, { "start": 2579.29, "end": 2579.53, "word": " rather", "probability": 1.0 }, { "start": 2579.53, "end": 2579.85, "word": " sell", "probability": 1.0 }, { "start": 2579.85, "end": 2580.03, "word": " their", "probability": 1.0 }, { "start": 2580.03, "end": 2580.43, "word": " company", "probability": 1.0 }, { "start": 2580.43, "end": 2580.61, "word": " to", "probability": 0.9482421875 }, { "start": 2580.61, "end": 2580.91, "word": " something", "probability": 0.9990234375 }, { "start": 2580.91, "end": 2581.09, "word": " with", "probability": 0.30322265625 }, { "start": 2581.09, "end": 2581.35, "word": " like", "probability": 0.71435546875 }, { "start": 2581.35, "end": 2581.51, "word": " you", "probability": 0.1195068359375 }, { "start": 2581.51, "end": 2581.59, "word": " know", "probability": 0.99951171875 }, { "start": 2581.59, "end": 2581.77, "word": " for", "probability": 0.99267578125 }, { "start": 2581.77, "end": 2582.11, "word": " legacy", "probability": 0.99951171875 }, { "start": 2582.11, "end": 2582.35, "word": " in", "probability": 1.0 }, { "start": 2582.35, "end": 2582.63, "word": " mind", "probability": 0.99951171875 }, { "start": 2582.63, "end": 2583.77, "word": " versus", "probability": 0.9970703125 }, { "start": 2583.77, "end": 2584.03, "word": " like", "probability": 0.9990234375 } ] }, { "start": 2584.03, "end": 2587.63, "text": "something that'll flip it and rip it apart and then there's also a really big market of people", "avg_logprob": -0.05161830234075231, "no_speech_prob": 0.0, "words": [ { "start": 2584.03, "end": 2584.25, "word": " something", "probability": 1.0 }, { "start": 2584.25, "end": 2584.47, "word": " that'll", "probability": 0.9697265625 }, { "start": 2584.47, "end": 2584.71, "word": " flip", "probability": 0.99951171875 }, { "start": 2584.71, "end": 2584.85, "word": " it", "probability": 1.0 }, { "start": 2584.85, "end": 2584.93, "word": " and", "probability": 0.99560546875 }, { "start": 2584.93, "end": 2585.09, "word": " rip", "probability": 0.99951171875 }, { "start": 2585.09, "end": 2585.17, "word": " it", "probability": 1.0 }, { "start": 2585.17, "end": 2585.47, "word": " apart", "probability": 1.0 }, { "start": 2585.47, "end": 2586.19, "word": " and", "probability": 0.96435546875 }, { "start": 2586.19, "end": 2586.29, "word": " then", "probability": 0.99951171875 }, { "start": 2586.29, "end": 2586.45, "word": " there's", "probability": 1.0 }, { "start": 2586.45, "end": 2586.65, "word": " also", "probability": 0.99853515625 }, { "start": 2586.65, "end": 2586.77, "word": " a", "probability": 0.98828125 }, { "start": 2586.77, "end": 2586.85, "word": " really", "probability": 0.99951171875 }, { "start": 2586.85, "end": 2587.01, "word": " big", "probability": 0.99951171875 }, { "start": 2587.01, "end": 2587.29, "word": " market", "probability": 1.0 }, { "start": 2587.29, "end": 2587.41, "word": " of", "probability": 1.0 }, { "start": 2587.41, "end": 2587.63, "word": " people", "probability": 1.0 } ] }, { "start": 2587.63, "end": 2593.29, "text": "that want to keep working for the business but for example you know they're they want more liquidity", "avg_logprob": -0.05161830234075231, "no_speech_prob": 0.0, "words": [ { "start": 2587.63, "end": 2587.85, "word": " that", "probability": 1.0 }, { "start": 2587.85, "end": 2588.09, "word": " want", "probability": 0.99951171875 }, { "start": 2588.09, "end": 2588.23, "word": " to", "probability": 1.0 }, { "start": 2588.23, "end": 2588.47, "word": " keep", "probability": 1.0 }, { "start": 2588.47, "end": 2588.85, "word": " working", "probability": 1.0 }, { "start": 2588.85, "end": 2589.11, "word": " for", "probability": 1.0 }, { "start": 2589.11, "end": 2589.25, "word": " the", "probability": 1.0 }, { "start": 2589.25, "end": 2589.71, "word": " business", "probability": 0.99951171875 }, { "start": 2589.71, "end": 2590.49, "word": " but", "probability": 0.99853515625 }, { "start": 2590.49, "end": 2590.69, "word": " for", "probability": 1.0 }, { "start": 2590.69, "end": 2591.09, "word": " example", "probability": 0.99951171875 }, { "start": 2591.09, "end": 2591.49, "word": " you", "probability": 0.998046875 }, { "start": 2591.49, "end": 2591.63, "word": " know", "probability": 1.0 }, { "start": 2591.63, "end": 2592.27, "word": " they're", "probability": 0.82958984375 }, { "start": 2592.27, "end": 2592.47, "word": " they", "probability": 1.0 }, { "start": 2592.47, "end": 2592.69, "word": " want", "probability": 1.0 }, { "start": 2592.69, "end": 2592.89, "word": " more", "probability": 1.0 }, { "start": 2592.89, "end": 2593.29, "word": " liquidity", "probability": 0.99951171875 } ] }, { "start": 2593.29, "end": 2598.31, "text": "you know they might have be wealthy on paper but it's 95 percent in one business and they want to", "avg_logprob": -0.05161830234075231, "no_speech_prob": 0.0, "words": [ { "start": 2593.29, "end": 2593.61, "word": " you", "probability": 0.9990234375 }, { "start": 2593.61, "end": 2593.67, "word": " know", "probability": 0.99951171875 }, { "start": 2593.67, "end": 2593.85, "word": " they", "probability": 1.0 }, { "start": 2593.85, "end": 2594.03, "word": " might", "probability": 1.0 }, { "start": 2594.03, "end": 2594.29, "word": " have", "probability": 0.998046875 }, { "start": 2594.29, "end": 2594.49, "word": " be", "probability": 0.966796875 }, { "start": 2594.49, "end": 2594.73, "word": " wealthy", "probability": 0.99951171875 }, { "start": 2594.73, "end": 2594.91, "word": " on", "probability": 1.0 }, { "start": 2594.91, "end": 2595.23, "word": " paper", "probability": 1.0 }, { "start": 2595.23, "end": 2595.45, "word": " but", "probability": 1.0 }, { "start": 2595.45, "end": 2595.63, "word": " it's", "probability": 1.0 }, { "start": 2595.63, "end": 2596.09, "word": " 95", "probability": 0.9970703125 }, { "start": 2596.09, "end": 2596.45, "word": " percent", "probability": 0.49951171875 }, { "start": 2596.45, "end": 2596.69, "word": " in", "probability": 1.0 }, { "start": 2596.69, "end": 2596.87, "word": " one", "probability": 1.0 }, { "start": 2596.87, "end": 2597.27, "word": " business", "probability": 0.9990234375 }, { "start": 2597.27, "end": 2597.89, "word": " and", "probability": 1.0 }, { "start": 2597.89, "end": 2598.01, "word": " they", "probability": 1.0 }, { "start": 2598.01, "end": 2598.21, "word": " want", "probability": 1.0 }, { "start": 2598.21, "end": 2598.31, "word": " to", "probability": 0.99951171875 } ] }, { "start": 2598.31, "end": 2605.17, "text": "keep working on the business but they also could use liquidity uh de-risking uh and or just help", "avg_logprob": -0.05161830234075231, "no_speech_prob": 0.0, "words": [ { "start": 2598.31, "end": 2598.45, "word": " keep", "probability": 0.9990234375 }, { "start": 2598.45, "end": 2598.71, "word": " working", "probability": 1.0 }, { "start": 2598.71, "end": 2598.79, "word": " on", "probability": 0.9990234375 }, { "start": 2598.79, "end": 2598.89, "word": " the", "probability": 0.9970703125 }, { "start": 2598.89, "end": 2599.15, "word": " business", "probability": 1.0 }, { "start": 2599.15, "end": 2599.37, "word": " but", "probability": 1.0 }, { "start": 2599.37, "end": 2599.47, "word": " they", "probability": 0.9990234375 }, { "start": 2599.47, "end": 2599.75, "word": " also", "probability": 0.99560546875 }, { "start": 2599.75, "end": 2600.35, "word": " could", "probability": 1.0 }, { "start": 2600.35, "end": 2600.55, "word": " use", "probability": 0.9990234375 }, { "start": 2600.55, "end": 2601.01, "word": " liquidity", "probability": 0.99609375 }, { "start": 2601.01, "end": 2601.79, "word": " uh", "probability": 0.92724609375 }, { "start": 2601.79, "end": 2602.31, "word": " de", "probability": 0.92236328125 }, { "start": 2602.31, "end": 2602.77, "word": "-risking", "probability": 0.9952799479166666 }, { "start": 2602.77, "end": 2603.57, "word": " uh", "probability": 0.990234375 }, { "start": 2603.57, "end": 2604.29, "word": " and", "probability": 0.99951171875 }, { "start": 2604.29, "end": 2604.77, "word": " or", "probability": 0.97802734375 }, { "start": 2604.77, "end": 2604.95, "word": " just", "probability": 0.99951171875 }, { "start": 2604.95, "end": 2605.17, "word": " help", "probability": 1.0 } ] }, { "start": 2605.17, "end": 2611.71, "text": "with backend for example we hired a cto from nvidia uh uh you know our new cto is from nvidia", "avg_logprob": -0.06007090248480564, "no_speech_prob": 0.0, "words": [ { "start": 2605.17, "end": 2605.31, "word": " with", "probability": 0.7529296875 }, { "start": 2605.31, "end": 2605.69, "word": " backend", "probability": 0.62353515625 }, { "start": 2605.69, "end": 2606.03, "word": " for", "probability": 0.142578125 }, { "start": 2606.03, "end": 2606.25, "word": " example", "probability": 0.9990234375 }, { "start": 2606.25, "end": 2606.43, "word": " we", "probability": 0.97412109375 }, { "start": 2606.43, "end": 2606.73, "word": " hired", "probability": 0.99853515625 }, { "start": 2606.73, "end": 2606.85, "word": " a", "probability": 0.9990234375 }, { "start": 2606.85, "end": 2607.27, "word": " cto", "probability": 0.771728515625 }, { "start": 2607.27, "end": 2607.67, "word": " from", "probability": 0.99951171875 }, { "start": 2607.67, "end": 2608.03, "word": " nvidia", "probability": 0.9912109375 }, { "start": 2608.03, "end": 2608.97, "word": " uh", "probability": 0.97021484375 }, { "start": 2608.97, "end": 2609.51, "word": " uh", "probability": 0.95068359375 }, { "start": 2609.51, "end": 2610.05, "word": " you", "probability": 0.9990234375 }, { "start": 2610.05, "end": 2610.13, "word": " know", "probability": 1.0 }, { "start": 2610.13, "end": 2610.55, "word": " our", "probability": 0.99951171875 }, { "start": 2610.55, "end": 2610.73, "word": " new", "probability": 0.998046875 }, { "start": 2610.73, "end": 2611.09, "word": " cto", "probability": 0.990966796875 }, { "start": 2611.09, "end": 2611.21, "word": " is", "probability": 0.99755859375 }, { "start": 2611.21, "end": 2611.37, "word": " from", "probability": 0.99951171875 }, { "start": 2611.37, "end": 2611.71, "word": " nvidia", "probability": 0.994873046875 } ] }, { "start": 2611.71, "end": 2616.89, "text": "and and so we can come in with to these companies that wouldn't really have necessarily the best", "avg_logprob": -0.06007090248480564, "no_speech_prob": 0.0, "words": [ { "start": 2611.71, "end": 2612.05, "word": " and", "probability": 1.0 }, { "start": 2612.05, "end": 2612.27, "word": " and", "probability": 0.99951171875 }, { "start": 2612.27, "end": 2612.49, "word": " so", "probability": 0.99951171875 }, { "start": 2612.49, "end": 2612.71, "word": " we", "probability": 1.0 }, { "start": 2612.71, "end": 2612.99, "word": " can", "probability": 1.0 }, { "start": 2612.99, "end": 2613.59, "word": " come", "probability": 1.0 }, { "start": 2613.59, "end": 2613.85, "word": " in", "probability": 1.0 }, { "start": 2613.85, "end": 2614.25, "word": " with", "probability": 0.99658203125 }, { "start": 2614.25, "end": 2614.51, "word": " to", "probability": 0.99658203125 }, { "start": 2614.51, "end": 2614.67, "word": " these", "probability": 1.0 }, { "start": 2614.67, "end": 2615.03, "word": " companies", "probability": 1.0 }, { "start": 2615.03, "end": 2615.35, "word": " that", "probability": 1.0 }, { "start": 2615.35, "end": 2615.65, "word": " wouldn't", "probability": 1.0 }, { "start": 2615.65, "end": 2615.83, "word": " really", "probability": 0.99951171875 }, { "start": 2615.83, "end": 2616.09, "word": " have", "probability": 0.99951171875 }, { "start": 2616.09, "end": 2616.41, "word": " necessarily", "probability": 0.9912109375 }, { "start": 2616.41, "end": 2616.61, "word": " the", "probability": 0.99609375 }, { "start": 2616.61, "end": 2616.89, "word": " best", "probability": 0.99951171875 } ] }, { "start": 2616.89, "end": 2622.15, "text": "ai advice in the world and we can give them world-class ai advice not to come in and say", "avg_logprob": -0.06007090248480564, "no_speech_prob": 0.0, "words": [ { "start": 2616.89, "end": 2617.19, "word": " ai", "probability": 0.9921875 }, { "start": 2617.19, "end": 2617.63, "word": " advice", "probability": 0.99951171875 }, { "start": 2617.63, "end": 2617.77, "word": " in", "probability": 1.0 }, { "start": 2617.77, "end": 2617.81, "word": " the", "probability": 0.99853515625 }, { "start": 2617.81, "end": 2618.03, "word": " world", "probability": 0.99609375 }, { "start": 2618.03, "end": 2618.65, "word": " and", "probability": 1.0 }, { "start": 2618.65, "end": 2618.77, "word": " we", "probability": 1.0 }, { "start": 2618.77, "end": 2618.91, "word": " can", "probability": 0.99951171875 }, { "start": 2618.91, "end": 2619.15, "word": " give", "probability": 1.0 }, { "start": 2619.15, "end": 2619.31, "word": " them", "probability": 0.99560546875 }, { "start": 2619.31, "end": 2619.55, "word": " world", "probability": 0.9990234375 }, { "start": 2619.55, "end": 2619.89, "word": "-class", "probability": 0.978271484375 }, { "start": 2619.89, "end": 2620.21, "word": " ai", "probability": 0.99658203125 }, { "start": 2620.21, "end": 2620.79, "word": " advice", "probability": 0.99951171875 }, { "start": 2620.79, "end": 2621.39, "word": " not", "probability": 1.0 }, { "start": 2621.39, "end": 2621.55, "word": " to", "probability": 1.0 }, { "start": 2621.55, "end": 2621.77, "word": " come", "probability": 1.0 }, { "start": 2621.77, "end": 2621.89, "word": " in", "probability": 0.99951171875 }, { "start": 2621.89, "end": 2622.01, "word": " and", "probability": 0.99951171875 }, { "start": 2622.01, "end": 2622.15, "word": " say", "probability": 1.0 } ] }, { "start": 2622.15, "end": 2626.11, "text": "okay we're going to fire all your backend staff and and and just automate it but it's basically", "avg_logprob": -0.06007090248480564, "no_speech_prob": 0.0, "words": [ { "start": 2622.15, "end": 2622.33, "word": " okay", "probability": 0.9970703125 }, { "start": 2622.33, "end": 2622.57, "word": " we're", "probability": 1.0 }, { "start": 2622.57, "end": 2622.59, "word": " going", "probability": 0.8271484375 }, { "start": 2622.59, "end": 2622.65, "word": " to", "probability": 0.9931640625 }, { "start": 2622.65, "end": 2622.91, "word": " fire", "probability": 0.998046875 }, { "start": 2622.91, "end": 2623.05, "word": " all", "probability": 0.99951171875 }, { "start": 2623.05, "end": 2623.15, "word": " your", "probability": 0.9990234375 }, { "start": 2623.15, "end": 2623.45, "word": " backend", "probability": 0.5615234375 }, { "start": 2623.45, "end": 2623.81, "word": " staff", "probability": 0.99365234375 }, { "start": 2623.81, "end": 2624.09, "word": " and", "probability": 1.0 }, { "start": 2624.09, "end": 2624.37, "word": " and", "probability": 0.9990234375 }, { "start": 2624.37, "end": 2624.67, "word": " and", "probability": 0.6259765625 }, { "start": 2624.67, "end": 2624.79, "word": " just", "probability": 1.0 }, { "start": 2624.79, "end": 2625.13, "word": " automate", "probability": 0.99951171875 }, { "start": 2625.13, "end": 2625.37, "word": " it", "probability": 0.99951171875 }, { "start": 2625.37, "end": 2625.79, "word": " but", "probability": 1.0 }, { "start": 2625.79, "end": 2625.93, "word": " it's", "probability": 0.99951171875 }, { "start": 2625.93, "end": 2626.11, "word": " basically", "probability": 0.99951171875 } ] }, { "start": 2626.11, "end": 2632.63, "text": "saying okay here's here's how we can help uh so that and it's not again it's not geared toward", "avg_logprob": -0.06007090248480564, "no_speech_prob": 0.0, "words": [ { "start": 2626.11, "end": 2626.41, "word": " saying", "probability": 0.9990234375 }, { "start": 2626.41, "end": 2626.63, "word": " okay", "probability": 1.0 }, { "start": 2626.63, "end": 2627.21, "word": " here's", "probability": 1.0 }, { "start": 2627.21, "end": 2627.71, "word": " here's", "probability": 0.997802734375 }, { "start": 2627.71, "end": 2627.93, "word": " how", "probability": 1.0 }, { "start": 2627.93, "end": 2628.11, "word": " we", "probability": 1.0 }, { "start": 2628.11, "end": 2628.35, "word": " can", "probability": 0.99951171875 }, { "start": 2628.35, "end": 2628.97, "word": " help", "probability": 0.99951171875 }, { "start": 2628.97, "end": 2629.81, "word": " uh", "probability": 0.99755859375 }, { "start": 2629.81, "end": 2630.63, "word": " so", "probability": 1.0 }, { "start": 2630.63, "end": 2630.79, "word": " that", "probability": 0.71435546875 }, { "start": 2630.79, "end": 2631.11, "word": " and", "probability": 0.99560546875 }, { "start": 2631.11, "end": 2631.25, "word": " it's", "probability": 1.0 }, { "start": 2631.25, "end": 2631.45, "word": " not", "probability": 1.0 }, { "start": 2631.45, "end": 2631.69, "word": " again", "probability": 1.0 }, { "start": 2631.69, "end": 2631.89, "word": " it's", "probability": 1.0 }, { "start": 2631.89, "end": 2632.01, "word": " not", "probability": 0.99951171875 }, { "start": 2632.01, "end": 2632.27, "word": " geared", "probability": 1.0 }, { "start": 2632.27, "end": 2632.63, "word": " toward", "probability": 0.998046875 } ] }, { "start": 2632.63, "end": 2637.25, "text": "three-year outcome is saying, how can we make your competitive as streamlined as possible and", "avg_logprob": -0.05994478305031482, "no_speech_prob": 0.0, "words": [ { "start": 2632.63, "end": 2633.15, "word": " three", "probability": 0.88134765625 }, { "start": 2633.15, "end": 2633.33, "word": "-year", "probability": 0.951904296875 }, { "start": 2633.33, "end": 2633.71, "word": " outcome", "probability": 0.99853515625 }, { "start": 2633.71, "end": 2633.89, "word": " is", "probability": 0.455322265625 }, { "start": 2633.89, "end": 2634.05, "word": " saying,", "probability": 0.99755859375 }, { "start": 2634.17, "end": 2634.21, "word": " how", "probability": 0.99853515625 }, { "start": 2634.21, "end": 2634.35, "word": " can", "probability": 1.0 }, { "start": 2634.35, "end": 2634.47, "word": " we", "probability": 1.0 }, { "start": 2634.47, "end": 2634.67, "word": " make", "probability": 1.0 }, { "start": 2634.67, "end": 2634.77, "word": " your", "probability": 0.95654296875 }, { "start": 2634.77, "end": 2635.21, "word": " competitive", "probability": 0.99658203125 }, { "start": 2635.21, "end": 2635.55, "word": " as", "probability": 0.99609375 }, { "start": 2635.55, "end": 2636.19, "word": " streamlined", "probability": 1.0 }, { "start": 2636.19, "end": 2636.51, "word": " as", "probability": 1.0 }, { "start": 2636.51, "end": 2636.95, "word": " possible", "probability": 1.0 }, { "start": 2636.95, "end": 2637.25, "word": " and", "probability": 0.9814453125 } ] }, { "start": 2637.25, "end": 2642.35, "text": "reduce the busy work as much as possible so that you can get back to treating animals or whatever,", "avg_logprob": -0.05994478305031482, "no_speech_prob": 0.0, "words": [ { "start": 2637.25, "end": 2637.99, "word": " reduce", "probability": 0.99951171875 }, { "start": 2637.99, "end": 2638.13, "word": " the", "probability": 1.0 }, { "start": 2638.13, "end": 2638.37, "word": " busy", "probability": 0.99853515625 }, { "start": 2638.37, "end": 2638.59, "word": " work", "probability": 0.9853515625 }, { "start": 2638.59, "end": 2638.75, "word": " as", "probability": 1.0 }, { "start": 2638.75, "end": 2638.93, "word": " much", "probability": 0.99951171875 }, { "start": 2638.93, "end": 2639.05, "word": " as", "probability": 1.0 }, { "start": 2639.05, "end": 2639.45, "word": " possible", "probability": 1.0 }, { "start": 2639.45, "end": 2639.65, "word": " so", "probability": 0.998046875 }, { "start": 2639.65, "end": 2639.75, "word": " that", "probability": 1.0 }, { "start": 2639.75, "end": 2639.83, "word": " you", "probability": 1.0 }, { "start": 2639.83, "end": 2639.97, "word": " can", "probability": 1.0 }, { "start": 2639.97, "end": 2640.17, "word": " get", "probability": 1.0 }, { "start": 2640.17, "end": 2640.93, "word": " back", "probability": 1.0 }, { "start": 2640.93, "end": 2641.15, "word": " to", "probability": 1.0 }, { "start": 2641.15, "end": 2641.49, "word": " treating", "probability": 1.0 }, { "start": 2641.49, "end": 2641.95, "word": " animals", "probability": 1.0 }, { "start": 2641.95, "end": 2642.13, "word": " or", "probability": 0.99755859375 }, { "start": 2642.13, "end": 2642.35, "word": " whatever,", "probability": 1.0 } ] }, { "start": 2642.35, "end": 2646.37, "text": "whatever the business might be, for example. Yeah. It's fascinating you said that because", "avg_logprob": -0.05994478305031482, "no_speech_prob": 0.0, "words": [ { "start": 2642.35, "end": 2642.65, "word": " whatever", "probability": 0.9970703125 }, { "start": 2642.65, "end": 2642.83, "word": " the", "probability": 1.0 }, { "start": 2642.83, "end": 2643.09, "word": " business", "probability": 1.0 }, { "start": 2643.09, "end": 2643.31, "word": " might", "probability": 1.0 }, { "start": 2643.31, "end": 2643.51, "word": " be,", "probability": 1.0 }, { "start": 2643.61, "end": 2643.69, "word": " for", "probability": 1.0 }, { "start": 2643.69, "end": 2644.03, "word": " example.", "probability": 1.0 }, { "start": 2644.29, "end": 2644.59, "word": " Yeah.", "probability": 0.98583984375 }, { "start": 2644.73, "end": 2645.15, "word": " It's", "probability": 0.99951171875 }, { "start": 2645.15, "end": 2645.79, "word": " fascinating", "probability": 0.468505859375 }, { "start": 2645.79, "end": 2645.97, "word": " you", "probability": 0.77099609375 }, { "start": 2645.97, "end": 2646.13, "word": " said", "probability": 0.99951171875 }, { "start": 2646.13, "end": 2646.23, "word": " that", "probability": 1.0 }, { "start": 2646.23, "end": 2646.37, "word": " because", "probability": 0.88916015625 } ] }, { "start": 2646.37, "end": 2651.35, "text": "when I was reading about it, I was like, this sounds like Berkshire Hathaway, but with a,", "avg_logprob": -0.05994478305031482, "no_speech_prob": 0.0, "words": [ { "start": 2646.37, "end": 2646.51, "word": " when", "probability": 1.0 }, { "start": 2646.51, "end": 2646.57, "word": " I", "probability": 1.0 }, { "start": 2646.57, "end": 2646.67, "word": " was", "probability": 1.0 }, { "start": 2646.67, "end": 2647.05, "word": " reading", "probability": 1.0 }, { "start": 2647.05, "end": 2647.29, "word": " about", "probability": 1.0 }, { "start": 2647.29, "end": 2647.45, "word": " it,", "probability": 1.0 }, { "start": 2647.55, "end": 2647.55, "word": " I", "probability": 0.9912109375 }, { "start": 2647.55, "end": 2647.65, "word": " was", "probability": 1.0 }, { "start": 2647.65, "end": 2647.77, "word": " like,", "probability": 0.9990234375 }, { "start": 2647.93, "end": 2648.05, "word": " this", "probability": 0.99951171875 }, { "start": 2648.05, "end": 2648.37, "word": " sounds", "probability": 1.0 }, { "start": 2648.37, "end": 2648.79, "word": " like", "probability": 0.99951171875 }, { "start": 2648.79, "end": 2649.85, "word": " Berkshire", "probability": 0.9982096354166666 }, { "start": 2649.85, "end": 2650.27, "word": " Hathaway,", "probability": 0.9998372395833334 }, { "start": 2650.59, "end": 2650.71, "word": " but", "probability": 0.99951171875 }, { "start": 2650.71, "end": 2651.09, "word": " with", "probability": 0.98974609375 }, { "start": 2651.09, "end": 2651.35, "word": " a,", "probability": 0.9990234375 } ] }, { "start": 2651.35, "end": 2657.41, "text": "with a different twist and maybe in an environment, you know, that requires something", "avg_logprob": -0.05994478305031482, "no_speech_prob": 0.0, "words": [ { "start": 2651.35, "end": 2651.55, "word": " with", "probability": 0.998046875 }, { "start": 2651.55, "end": 2651.69, "word": " a", "probability": 1.0 }, { "start": 2651.69, "end": 2651.99, "word": " different", "probability": 1.0 }, { "start": 2651.99, "end": 2652.47, "word": " twist", "probability": 1.0 }, { "start": 2652.47, "end": 2653.25, "word": " and", "probability": 0.99755859375 }, { "start": 2653.25, "end": 2653.83, "word": " maybe", "probability": 1.0 }, { "start": 2653.83, "end": 2654.11, "word": " in", "probability": 1.0 }, { "start": 2654.11, "end": 2654.27, "word": " an", "probability": 1.0 }, { "start": 2654.27, "end": 2654.77, "word": " environment,", "probability": 1.0 }, { "start": 2654.77, "end": 2655.83, "word": " you", "probability": 0.99951171875 }, { "start": 2655.83, "end": 2655.95, "word": " know,", "probability": 1.0 }, { "start": 2656.09, "end": 2656.39, "word": " that", "probability": 1.0 }, { "start": 2656.39, "end": 2656.99, "word": " requires", "probability": 0.99951171875 }, { "start": 2656.99, "end": 2657.41, "word": " something", "probability": 1.0 } ] }, { "start": 2657.41, "end": 2662.07, "text": "different than what Warren Buffett did, you know, for the modern day. So it's fascinating to hear", "avg_logprob": -0.05994478305031482, "no_speech_prob": 0.0, "words": [ { "start": 2657.41, "end": 2657.77, "word": " different", "probability": 1.0 }, { "start": 2657.77, "end": 2658.03, "word": " than", "probability": 1.0 }, { "start": 2658.03, "end": 2658.33, "word": " what", "probability": 0.99951171875 }, { "start": 2658.33, "end": 2658.63, "word": " Warren", "probability": 0.99951171875 }, { "start": 2658.63, "end": 2658.93, "word": " Buffett", "probability": 0.991943359375 }, { "start": 2658.93, "end": 2659.21, "word": " did,", "probability": 1.0 }, { "start": 2659.29, "end": 2659.51, "word": " you", "probability": 1.0 }, { "start": 2659.51, "end": 2659.65, "word": " know,", "probability": 1.0 }, { "start": 2659.73, "end": 2659.91, "word": " for", "probability": 1.0 }, { "start": 2659.91, "end": 2660.01, "word": " the", "probability": 1.0 }, { "start": 2660.01, "end": 2660.21, "word": " modern", "probability": 0.99951171875 }, { "start": 2660.21, "end": 2660.51, "word": " day.", "probability": 0.9970703125 }, { "start": 2660.73, "end": 2660.97, "word": " So", "probability": 0.9990234375 }, { "start": 2660.97, "end": 2661.33, "word": " it's", "probability": 0.97998046875 }, { "start": 2661.33, "end": 2661.69, "word": " fascinating", "probability": 1.0 }, { "start": 2661.69, "end": 2661.93, "word": " to", "probability": 1.0 }, { "start": 2661.93, "end": 2662.07, "word": " hear", "probability": 1.0 } ] }, { "start": 2662.07, "end": 2668.17, "text": "you bring that up um what is their pushback is there pushback from small companies because", "avg_logprob": -0.06568950359974432, "no_speech_prob": 0.0, "words": [ { "start": 2662.07, "end": 2662.19, "word": " you", "probability": 0.97412109375 }, { "start": 2662.19, "end": 2662.39, "word": " bring", "probability": 0.99951171875 }, { "start": 2662.39, "end": 2662.55, "word": " that", "probability": 1.0 }, { "start": 2662.55, "end": 2662.87, "word": " up", "probability": 1.0 }, { "start": 2662.87, "end": 2663.43, "word": " um", "probability": 0.15673828125 }, { "start": 2663.43, "end": 2664.35, "word": " what", "probability": 0.99951171875 }, { "start": 2664.35, "end": 2664.77, "word": " is", "probability": 1.0 }, { "start": 2664.77, "end": 2664.99, "word": " their", "probability": 0.94140625 }, { "start": 2664.99, "end": 2665.71, "word": " pushback", "probability": 0.994384765625 }, { "start": 2665.71, "end": 2666.49, "word": " is", "probability": 0.99951171875 }, { "start": 2666.49, "end": 2666.63, "word": " there", "probability": 0.5888671875 }, { "start": 2666.63, "end": 2667.05, "word": " pushback", "probability": 0.998046875 }, { "start": 2667.05, "end": 2667.23, "word": " from", "probability": 1.0 }, { "start": 2667.23, "end": 2667.47, "word": " small", "probability": 1.0 }, { "start": 2667.47, "end": 2667.85, "word": " companies", "probability": 1.0 }, { "start": 2667.85, "end": 2668.17, "word": " because", "probability": 1.0 } ] }, { "start": 2668.17, "end": 2672.55, "text": "this solves for a problem i think a lot of them based on the experience that they're hearing about", "avg_logprob": -0.06568950359974432, "no_speech_prob": 0.0, "words": [ { "start": 2668.17, "end": 2668.57, "word": " this", "probability": 1.0 }, { "start": 2668.57, "end": 2668.87, "word": " solves", "probability": 0.99853515625 }, { "start": 2668.87, "end": 2669.03, "word": " for", "probability": 0.998046875 }, { "start": 2669.03, "end": 2669.31, "word": " a", "probability": 0.99658203125 }, { "start": 2669.31, "end": 2669.35, "word": " problem", "probability": 0.99658203125 }, { "start": 2669.35, "end": 2669.53, "word": " i", "probability": 0.84765625 }, { "start": 2669.53, "end": 2669.67, "word": " think", "probability": 1.0 }, { "start": 2669.67, "end": 2669.99, "word": " a", "probability": 0.78271484375 }, { "start": 2669.99, "end": 2670.11, "word": " lot", "probability": 1.0 }, { "start": 2670.11, "end": 2670.25, "word": " of", "probability": 1.0 }, { "start": 2670.25, "end": 2670.39, "word": " them", "probability": 0.99951171875 }, { "start": 2670.39, "end": 2671.01, "word": " based", "probability": 1.0 }, { "start": 2671.01, "end": 2671.17, "word": " on", "probability": 1.0 }, { "start": 2671.17, "end": 2671.29, "word": " the", "probability": 0.9990234375 }, { "start": 2671.29, "end": 2671.67, "word": " experience", "probability": 0.99951171875 }, { "start": 2671.67, "end": 2671.91, "word": " that", "probability": 0.99951171875 }, { "start": 2671.91, "end": 2672.07, "word": " they're", "probability": 0.999755859375 }, { "start": 2672.07, "end": 2672.31, "word": " hearing", "probability": 0.99755859375 }, { "start": 2672.31, "end": 2672.55, "word": " about", "probability": 1.0 } ] }, { "start": 2672.55, "end": 2679.35, "text": "seeing about uh private equity is not the fit for them for that reason um but but on the bitcoin", "avg_logprob": -0.06568950359974432, "no_speech_prob": 0.0, "words": [ { "start": 2672.55, "end": 2672.85, "word": " seeing", "probability": 0.99951171875 }, { "start": 2672.85, "end": 2673.21, "word": " about", "probability": 1.0 }, { "start": 2673.21, "end": 2673.97, "word": " uh", "probability": 0.9892578125 }, { "start": 2673.97, "end": 2674.39, "word": " private", "probability": 1.0 }, { "start": 2674.39, "end": 2674.61, "word": " equity", "probability": 0.9033203125 }, { "start": 2674.61, "end": 2674.75, "word": " is", "probability": 0.98974609375 }, { "start": 2674.75, "end": 2675.03, "word": " not", "probability": 0.99951171875 }, { "start": 2675.03, "end": 2675.23, "word": " the", "probability": 0.99853515625 }, { "start": 2675.23, "end": 2675.43, "word": " fit", "probability": 0.99560546875 }, { "start": 2675.43, "end": 2675.61, "word": " for", "probability": 1.0 }, { "start": 2675.61, "end": 2675.83, "word": " them", "probability": 0.99755859375 }, { "start": 2675.83, "end": 2676.07, "word": " for", "probability": 1.0 }, { "start": 2676.07, "end": 2676.21, "word": " that", "probability": 1.0 }, { "start": 2676.21, "end": 2676.59, "word": " reason", "probability": 0.9990234375 }, { "start": 2676.59, "end": 2677.39, "word": " um", "probability": 0.99951171875 }, { "start": 2677.39, "end": 2677.73, "word": " but", "probability": 1.0 }, { "start": 2677.73, "end": 2678.11, "word": " but", "probability": 0.69189453125 }, { "start": 2678.11, "end": 2678.85, "word": " on", "probability": 1.0 }, { "start": 2678.85, "end": 2678.99, "word": " the", "probability": 1.0 }, { "start": 2678.99, "end": 2679.35, "word": " bitcoin", "probability": 0.9921875 } ] }, { "start": 2679.35, "end": 2685.55, "text": "part is there sort of a what's the biggest kind of hurdle is there explaining do you do you look", "avg_logprob": -0.06568950359974432, "no_speech_prob": 0.0, "words": [ { "start": 2679.35, "end": 2679.83, "word": " part", "probability": 1.0 }, { "start": 2679.83, "end": 2680.09, "word": " is", "probability": 1.0 }, { "start": 2680.09, "end": 2680.21, "word": " there", "probability": 0.99853515625 }, { "start": 2680.21, "end": 2680.55, "word": " sort", "probability": 0.99951171875 }, { "start": 2680.55, "end": 2680.65, "word": " of", "probability": 0.9990234375 }, { "start": 2680.65, "end": 2680.75, "word": " a", "probability": 0.8916015625 }, { "start": 2680.75, "end": 2681.09, "word": " what's", "probability": 1.0 }, { "start": 2681.09, "end": 2681.19, "word": " the", "probability": 0.96484375 }, { "start": 2681.19, "end": 2681.45, "word": " biggest", "probability": 0.998046875 }, { "start": 2681.45, "end": 2682.19, "word": " kind", "probability": 1.0 }, { "start": 2682.19, "end": 2682.41, "word": " of", "probability": 1.0 }, { "start": 2682.41, "end": 2683.01, "word": " hurdle", "probability": 1.0 }, { "start": 2683.01, "end": 2683.51, "word": " is", "probability": 1.0 }, { "start": 2683.51, "end": 2683.71, "word": " there", "probability": 0.92236328125 }, { "start": 2683.71, "end": 2684.49, "word": " explaining", "probability": 1.0 }, { "start": 2684.49, "end": 2684.81, "word": " do", "probability": 0.99951171875 }, { "start": 2684.81, "end": 2684.93, "word": " you", "probability": 0.98779296875 }, { "start": 2684.93, "end": 2685.11, "word": " do", "probability": 0.98388671875 }, { "start": 2685.11, "end": 2685.33, "word": " you", "probability": 0.99951171875 }, { "start": 2685.33, "end": 2685.55, "word": " look", "probability": 0.99951171875 } ] }, { "start": 2685.55, "end": 2691.17, "text": "for companies that already have a leaning toward bitcoin or do you find a good value company um", "avg_logprob": -0.06568950359974432, "no_speech_prob": 0.0, "words": [ { "start": 2685.55, "end": 2685.71, "word": " for", "probability": 1.0 }, { "start": 2685.71, "end": 2686.13, "word": " companies", "probability": 1.0 }, { "start": 2686.13, "end": 2686.35, "word": " that", "probability": 1.0 }, { "start": 2686.35, "end": 2686.81, "word": " already", "probability": 1.0 }, { "start": 2686.81, "end": 2687.03, "word": " have", "probability": 1.0 }, { "start": 2687.03, "end": 2687.15, "word": " a", "probability": 0.99169921875 }, { "start": 2687.15, "end": 2687.31, "word": " leaning", "probability": 0.9755859375 }, { "start": 2687.31, "end": 2687.51, "word": " toward", "probability": 0.998046875 }, { "start": 2687.51, "end": 2687.83, "word": " bitcoin", "probability": 0.998046875 }, { "start": 2687.83, "end": 2688.19, "word": " or", "probability": 1.0 }, { "start": 2688.19, "end": 2688.67, "word": " do", "probability": 0.99951171875 }, { "start": 2688.67, "end": 2688.77, "word": " you", "probability": 1.0 }, { "start": 2688.77, "end": 2689.05, "word": " find", "probability": 0.99951171875 }, { "start": 2689.05, "end": 2689.15, "word": " a", "probability": 1.0 }, { "start": 2689.15, "end": 2689.25, "word": " good", "probability": 0.99951171875 }, { "start": 2689.25, "end": 2689.57, "word": " value", "probability": 1.0 }, { "start": 2689.57, "end": 2690.03, "word": " company", "probability": 0.99951171875 }, { "start": 2690.03, "end": 2691.17, "word": " um", "probability": 0.99609375 } ] }, { "start": 2691.17, "end": 2695.61, "text": "And then say, like, hear me out, listen to why this might work and be a better option.", "avg_logprob": -0.13161057434402978, "no_speech_prob": 0.0, "words": [ { "start": 2691.17, "end": 2691.63, "word": " And", "probability": 0.88916015625 }, { "start": 2691.63, "end": 2691.79, "word": " then", "probability": 1.0 }, { "start": 2691.79, "end": 2692.17, "word": " say,", "probability": 0.9892578125 }, { "start": 2692.51, "end": 2692.61, "word": " like,", "probability": 0.818359375 }, { "start": 2692.71, "end": 2692.83, "word": " hear", "probability": 0.998046875 }, { "start": 2692.83, "end": 2692.95, "word": " me", "probability": 1.0 }, { "start": 2692.95, "end": 2693.29, "word": " out,", "probability": 1.0 }, { "start": 2693.53, "end": 2693.73, "word": " listen", "probability": 1.0 }, { "start": 2693.73, "end": 2693.87, "word": " to", "probability": 1.0 }, { "start": 2693.87, "end": 2694.05, "word": " why", "probability": 1.0 }, { "start": 2694.05, "end": 2694.25, "word": " this", "probability": 1.0 }, { "start": 2694.25, "end": 2694.45, "word": " might", "probability": 1.0 }, { "start": 2694.45, "end": 2694.71, "word": " work", "probability": 1.0 }, { "start": 2694.71, "end": 2694.85, "word": " and", "probability": 0.986328125 }, { "start": 2694.85, "end": 2694.95, "word": " be", "probability": 1.0 }, { "start": 2694.95, "end": 2695.05, "word": " a", "probability": 1.0 }, { "start": 2695.05, "end": 2695.17, "word": " better", "probability": 1.0 }, { "start": 2695.17, "end": 2695.61, "word": " option.", "probability": 1.0 } ] }, { "start": 2696.01, "end": 2696.61, "text": "Yeah, good question.", "avg_logprob": -0.13161057434402978, "no_speech_prob": 0.0, "words": [ { "start": 2696.01, "end": 2696.13, "word": " Yeah,", "probability": 0.99755859375 }, { "start": 2696.19, "end": 2696.31, "word": " good", "probability": 0.99951171875 }, { "start": 2696.31, "end": 2696.61, "word": " question.", "probability": 1.0 } ] }, { "start": 2696.75, "end": 2706.85, "text": "So our early batch of companies, we've had hundreds of companies reach out and the funnel in this early stage tend to be company owners that like Bitcoin.", "avg_logprob": -0.13161057434402978, "no_speech_prob": 0.0, "words": [ { "start": 2696.75, "end": 2696.83, "word": " So", "probability": 0.99755859375 }, { "start": 2696.83, "end": 2697.15, "word": " our", "probability": 0.97900390625 }, { "start": 2697.15, "end": 2697.53, "word": " early", "probability": 1.0 }, { "start": 2697.53, "end": 2697.83, "word": " batch", "probability": 1.0 }, { "start": 2697.83, "end": 2698.01, "word": " of", "probability": 1.0 }, { "start": 2698.01, "end": 2698.37, "word": " companies,", "probability": 0.9931640625 }, { "start": 2698.45, "end": 2698.67, "word": " we've", "probability": 0.807373046875 }, { "start": 2698.67, "end": 2698.81, "word": " had", "probability": 1.0 }, { "start": 2698.81, "end": 2699.11, "word": " hundreds", "probability": 1.0 }, { "start": 2699.11, "end": 2699.27, "word": " of", "probability": 1.0 }, { "start": 2699.27, "end": 2699.59, "word": " companies", "probability": 1.0 }, { "start": 2699.59, "end": 2699.83, "word": " reach", "probability": 1.0 }, { "start": 2699.83, "end": 2700.13, "word": " out", "probability": 1.0 }, { "start": 2700.13, "end": 2701.45, "word": " and", "probability": 0.4462890625 }, { "start": 2701.45, "end": 2701.75, "word": " the", "probability": 0.99951171875 }, { "start": 2701.75, "end": 2702.13, "word": " funnel", "probability": 1.0 }, { "start": 2702.13, "end": 2703.29, "word": " in", "probability": 0.99609375 }, { "start": 2703.29, "end": 2703.49, "word": " this", "probability": 1.0 }, { "start": 2703.49, "end": 2703.75, "word": " early", "probability": 1.0 }, { "start": 2703.75, "end": 2704.15, "word": " stage", "probability": 1.0 }, { "start": 2704.15, "end": 2704.41, "word": " tend", "probability": 0.9951171875 }, { "start": 2704.41, "end": 2704.59, "word": " to", "probability": 1.0 }, { "start": 2704.59, "end": 2704.93, "word": " be", "probability": 1.0 }, { "start": 2704.93, "end": 2705.79, "word": " company", "probability": 0.9990234375 }, { "start": 2705.79, "end": 2706.11, "word": " owners", "probability": 1.0 }, { "start": 2706.11, "end": 2706.29, "word": " that", "probability": 1.0 }, { "start": 2706.29, "end": 2706.47, "word": " like", "probability": 1.0 }, { "start": 2706.47, "end": 2706.85, "word": " Bitcoin.", "probability": 0.99853515625 } ] }, { "start": 2707.05, "end": 2718.69, "text": "Yeah. Right. Because they've those of us that founded Orange Juice, some of us have pretty large audiences and people hear about it through us and then they come to it.", "avg_logprob": -0.13161057434402978, "no_speech_prob": 0.0, "words": [ { "start": 2707.05, "end": 2707.33, "word": " Yeah.", "probability": 0.82958984375 }, { "start": 2707.45, "end": 2707.55, "word": " Right.", "probability": 0.9736328125 }, { "start": 2707.65, "end": 2707.87, "word": " Because", "probability": 0.9931640625 }, { "start": 2707.87, "end": 2708.21, "word": " they've", "probability": 0.932861328125 }, { "start": 2708.21, "end": 2708.99, "word": " those", "probability": 0.88623046875 }, { "start": 2708.99, "end": 2709.17, "word": " of", "probability": 1.0 }, { "start": 2709.17, "end": 2709.29, "word": " us", "probability": 1.0 }, { "start": 2709.29, "end": 2709.43, "word": " that", "probability": 1.0 }, { "start": 2709.43, "end": 2709.77, "word": " founded", "probability": 0.99609375 }, { "start": 2709.77, "end": 2710.07, "word": " Orange", "probability": 0.97509765625 }, { "start": 2710.07, "end": 2710.41, "word": " Juice,", "probability": 0.994140625 }, { "start": 2710.69, "end": 2712.09, "word": " some", "probability": 0.99951171875 }, { "start": 2712.09, "end": 2712.25, "word": " of", "probability": 1.0 }, { "start": 2712.25, "end": 2712.37, "word": " us", "probability": 1.0 }, { "start": 2712.37, "end": 2712.51, "word": " have", "probability": 1.0 }, { "start": 2712.51, "end": 2712.79, "word": " pretty", "probability": 1.0 }, { "start": 2712.79, "end": 2713.09, "word": " large", "probability": 1.0 }, { "start": 2713.09, "end": 2713.57, "word": " audiences", "probability": 1.0 }, { "start": 2713.57, "end": 2715.03, "word": " and", "probability": 0.98779296875 }, { "start": 2715.03, "end": 2715.39, "word": " people", "probability": 1.0 }, { "start": 2715.39, "end": 2715.91, "word": " hear", "probability": 0.99951171875 }, { "start": 2715.91, "end": 2716.15, "word": " about", "probability": 1.0 }, { "start": 2716.15, "end": 2716.29, "word": " it", "probability": 1.0 }, { "start": 2716.29, "end": 2716.49, "word": " through", "probability": 1.0 }, { "start": 2716.49, "end": 2716.95, "word": " us", "probability": 1.0 }, { "start": 2716.95, "end": 2717.63, "word": " and", "probability": 0.85302734375 }, { "start": 2717.63, "end": 2717.75, "word": " then", "probability": 0.99951171875 }, { "start": 2717.75, "end": 2717.91, "word": " they", "probability": 1.0 }, { "start": 2717.91, "end": 2718.29, "word": " come", "probability": 0.98974609375 }, { "start": 2718.29, "end": 2718.51, "word": " to", "probability": 1.0 }, { "start": 2718.51, "end": 2718.69, "word": " it.", "probability": 1.0 } ] }, { "start": 2718.69, "end": 2735.89, "text": "Now, our view is that if we execute the early acquisitions well, and if we grow larger, then probably some of the later acquisitions will be founders that don't care about Bitcoin, don't know about Bitcoin, just they like the permanent capital structure.", "avg_logprob": -0.08323019979023698, "no_speech_prob": 0.0, "words": [ { "start": 2718.69, "end": 2719.19, "word": " Now,", "probability": 0.99169921875 }, { "start": 2719.31, "end": 2719.43, "word": " our", "probability": 1.0 }, { "start": 2719.43, "end": 2719.73, "word": " view", "probability": 1.0 }, { "start": 2719.73, "end": 2719.91, "word": " is", "probability": 1.0 }, { "start": 2719.91, "end": 2720.09, "word": " that", "probability": 1.0 }, { "start": 2720.09, "end": 2720.99, "word": " if", "probability": 0.87646484375 }, { "start": 2720.99, "end": 2721.59, "word": " we", "probability": 1.0 }, { "start": 2721.59, "end": 2721.99, "word": " execute", "probability": 1.0 }, { "start": 2721.99, "end": 2722.13, "word": " the", "probability": 0.9990234375 }, { "start": 2722.13, "end": 2722.35, "word": " early", "probability": 1.0 }, { "start": 2722.35, "end": 2722.93, "word": " acquisitions", "probability": 1.0 }, { "start": 2722.93, "end": 2723.25, "word": " well,", "probability": 1.0 }, { "start": 2723.27, "end": 2724.51, "word": " and", "probability": 1.0 }, { "start": 2724.51, "end": 2724.63, "word": " if", "probability": 1.0 }, { "start": 2724.63, "end": 2724.71, "word": " we", "probability": 1.0 }, { "start": 2724.71, "end": 2724.93, "word": " grow", "probability": 1.0 }, { "start": 2724.93, "end": 2725.37, "word": " larger,", "probability": 1.0 }, { "start": 2726.03, "end": 2726.21, "word": " then", "probability": 1.0 }, { "start": 2726.21, "end": 2726.69, "word": " probably", "probability": 1.0 }, { "start": 2726.69, "end": 2726.87, "word": " some", "probability": 1.0 }, { "start": 2726.87, "end": 2726.95, "word": " of", "probability": 1.0 }, { "start": 2726.95, "end": 2727.01, "word": " the", "probability": 1.0 }, { "start": 2727.01, "end": 2727.23, "word": " later", "probability": 1.0 }, { "start": 2727.23, "end": 2727.89, "word": " acquisitions", "probability": 1.0 }, { "start": 2727.89, "end": 2728.33, "word": " will", "probability": 1.0 }, { "start": 2728.33, "end": 2728.53, "word": " be", "probability": 1.0 }, { "start": 2728.53, "end": 2728.93, "word": " founders", "probability": 0.99951171875 }, { "start": 2728.93, "end": 2729.29, "word": " that", "probability": 1.0 }, { "start": 2729.29, "end": 2729.99, "word": " don't", "probability": 0.999755859375 }, { "start": 2729.99, "end": 2730.17, "word": " care", "probability": 1.0 }, { "start": 2730.17, "end": 2730.35, "word": " about", "probability": 1.0 }, { "start": 2730.35, "end": 2730.75, "word": " Bitcoin,", "probability": 0.99658203125 }, { "start": 2730.97, "end": 2731.91, "word": " don't", "probability": 1.0 }, { "start": 2731.91, "end": 2732.03, "word": " know", "probability": 1.0 }, { "start": 2732.03, "end": 2732.21, "word": " about", "probability": 1.0 }, { "start": 2732.21, "end": 2732.71, "word": " Bitcoin,", "probability": 1.0 }, { "start": 2732.95, "end": 2733.09, "word": " just", "probability": 0.736328125 }, { "start": 2733.09, "end": 2734.11, "word": " they", "probability": 0.6875 }, { "start": 2734.11, "end": 2734.35, "word": " like", "probability": 1.0 }, { "start": 2734.35, "end": 2734.49, "word": " the", "probability": 1.0 }, { "start": 2734.49, "end": 2734.89, "word": " permanent", "probability": 1.0 }, { "start": 2734.89, "end": 2735.53, "word": " capital", "probability": 1.0 }, { "start": 2735.53, "end": 2735.89, "word": " structure.", "probability": 1.0 } ] }, { "start": 2735.99, "end": 2740.47, "text": "Kind of like how if you're selling your company to Berkshire Hathaway, you don't really care about insurance necessarily.", "avg_logprob": -0.08323019979023698, "no_speech_prob": 0.0, "words": [ { "start": 2735.99, "end": 2736.09, "word": " Kind", "probability": 0.986328125 }, { "start": 2736.09, "end": 2736.15, "word": " of", "probability": 0.99951171875 }, { "start": 2736.15, "end": 2736.25, "word": " like", "probability": 1.0 }, { "start": 2736.25, "end": 2736.37, "word": " how", "probability": 0.9892578125 }, { "start": 2736.37, "end": 2736.53, "word": " if", "probability": 0.9892578125 }, { "start": 2736.53, "end": 2736.59, "word": " you're", "probability": 1.0 }, { "start": 2736.59, "end": 2736.87, "word": " selling", "probability": 1.0 }, { "start": 2736.87, "end": 2737.01, "word": " your", "probability": 1.0 }, { "start": 2737.01, "end": 2737.29, "word": " company", "probability": 1.0 }, { "start": 2737.29, "end": 2737.41, "word": " to", "probability": 0.99951171875 }, { "start": 2737.41, "end": 2737.71, "word": " Berkshire", "probability": 0.9993489583333334 }, { "start": 2737.71, "end": 2738.11, "word": " Hathaway,", "probability": 1.0 }, { "start": 2738.29, "end": 2738.49, "word": " you", "probability": 1.0 }, { "start": 2738.49, "end": 2738.77, "word": " don't", "probability": 1.0 }, { "start": 2738.77, "end": 2738.97, "word": " really", "probability": 0.955078125 }, { "start": 2738.97, "end": 2739.19, "word": " care", "probability": 1.0 }, { "start": 2739.19, "end": 2739.37, "word": " about", "probability": 1.0 }, { "start": 2739.37, "end": 2739.83, "word": " insurance", "probability": 1.0 }, { "start": 2739.83, "end": 2740.47, "word": " necessarily.", "probability": 0.994140625 } ] }, { "start": 2742.13, "end": 2744.53, "text": "And so that's kind of the way we're approaching it.", "avg_logprob": -0.08323019979023698, "no_speech_prob": 0.0, "words": [ { "start": 2742.13, "end": 2742.57, "word": " And", "probability": 0.9404296875 }, { "start": 2742.57, "end": 2742.77, "word": " so", "probability": 1.0 }, { "start": 2742.77, "end": 2743.33, "word": " that's", "probability": 0.9716796875 }, { "start": 2743.33, "end": 2743.45, "word": " kind", "probability": 0.97509765625 }, { "start": 2743.45, "end": 2743.51, "word": " of", "probability": 1.0 }, { "start": 2743.51, "end": 2743.59, "word": " the", "probability": 0.99951171875 }, { "start": 2743.59, "end": 2743.69, "word": " way", "probability": 1.0 }, { "start": 2743.69, "end": 2743.87, "word": " we're", "probability": 1.0 }, { "start": 2743.87, "end": 2744.25, "word": " approaching", "probability": 1.0 }, { "start": 2744.25, "end": 2744.53, "word": " it.", "probability": 1.0 } ] }, { "start": 2744.53, "end": 2751.75, "text": "and basically it gives us just more avenues of things to do right so so we can ideally do things", "avg_logprob": -0.07056805031878927, "no_speech_prob": 0.0, "words": [ { "start": 2744.53, "end": 2745.43, "word": " and", "probability": 0.06817626953125 }, { "start": 2745.43, "end": 2745.81, "word": " basically", "probability": 0.99072265625 }, { "start": 2745.81, "end": 2746.71, "word": " it", "probability": 0.7890625 }, { "start": 2746.71, "end": 2746.99, "word": " gives", "probability": 0.99853515625 }, { "start": 2746.99, "end": 2747.13, "word": " us", "probability": 0.9990234375 }, { "start": 2747.13, "end": 2747.27, "word": " just", "probability": 0.455322265625 }, { "start": 2747.27, "end": 2747.47, "word": " more", "probability": 1.0 }, { "start": 2747.47, "end": 2747.85, "word": " avenues", "probability": 0.99951171875 }, { "start": 2747.85, "end": 2748.03, "word": " of", "probability": 0.99951171875 }, { "start": 2748.03, "end": 2748.25, "word": " things", "probability": 1.0 }, { "start": 2748.25, "end": 2748.41, "word": " to", "probability": 1.0 }, { "start": 2748.41, "end": 2748.73, "word": " do", "probability": 1.0 }, { "start": 2748.73, "end": 2749.07, "word": " right", "probability": 0.2376708984375 }, { "start": 2749.07, "end": 2749.37, "word": " so", "probability": 0.8837890625 }, { "start": 2749.37, "end": 2749.77, "word": " so", "probability": 0.564453125 }, { "start": 2749.77, "end": 2750.09, "word": " we", "probability": 1.0 }, { "start": 2750.09, "end": 2750.27, "word": " can", "probability": 1.0 }, { "start": 2750.27, "end": 2750.99, "word": " ideally", "probability": 0.998046875 }, { "start": 2750.99, "end": 2751.51, "word": " do", "probability": 0.99951171875 }, { "start": 2751.51, "end": 2751.75, "word": " things", "probability": 0.99951171875 } ] }, { "start": 2751.75, "end": 2755.65, "text": "in a counter cyclical way they're pure bitcoin treasury companies like strategy for example", "avg_logprob": -0.07056805031878927, "no_speech_prob": 0.0, "words": [ { "start": 2751.75, "end": 2751.87, "word": " in", "probability": 0.99951171875 }, { "start": 2751.87, "end": 2751.95, "word": " a", "probability": 0.9990234375 }, { "start": 2751.95, "end": 2752.17, "word": " counter", "probability": 0.9990234375 }, { "start": 2752.17, "end": 2752.59, "word": " cyclical", "probability": 0.91748046875 }, { "start": 2752.59, "end": 2752.81, "word": " way", "probability": 0.99951171875 }, { "start": 2752.81, "end": 2753.07, "word": " they're", "probability": 0.977783203125 }, { "start": 2753.07, "end": 2753.45, "word": " pure", "probability": 0.99951171875 }, { "start": 2753.45, "end": 2753.81, "word": " bitcoin", "probability": 0.8603515625 }, { "start": 2753.81, "end": 2754.13, "word": " treasury", "probability": 0.998046875 }, { "start": 2754.13, "end": 2754.57, "word": " companies", "probability": 0.99951171875 }, { "start": 2754.57, "end": 2754.73, "word": " like", "probability": 0.9990234375 }, { "start": 2754.73, "end": 2755.07, "word": " strategy", "probability": 0.99853515625 }, { "start": 2755.07, "end": 2755.29, "word": " for", "probability": 0.99951171875 }, { "start": 2755.29, "end": 2755.65, "word": " example", "probability": 1.0 } ] }, { "start": 2755.65, "end": 2760.63, "text": "they investors tend to want to give them more capital during bitcoin bull markets so they go", "avg_logprob": -0.07056805031878927, "no_speech_prob": 0.0, "words": [ { "start": 2755.65, "end": 2756.41, "word": " they", "probability": 0.908203125 }, { "start": 2756.41, "end": 2757.15, "word": " investors", "probability": 0.9970703125 }, { "start": 2757.15, "end": 2757.37, "word": " tend", "probability": 0.9501953125 }, { "start": 2757.37, "end": 2757.43, "word": " to", "probability": 0.9951171875 }, { "start": 2757.43, "end": 2757.55, "word": " want", "probability": 0.998046875 }, { "start": 2757.55, "end": 2757.67, "word": " to", "probability": 1.0 }, { "start": 2757.67, "end": 2757.85, "word": " give", "probability": 1.0 }, { "start": 2757.85, "end": 2758.01, "word": " them", "probability": 0.9990234375 }, { "start": 2758.01, "end": 2758.19, "word": " more", "probability": 1.0 }, { "start": 2758.19, "end": 2758.61, "word": " capital", "probability": 0.99951171875 }, { "start": 2758.61, "end": 2758.91, "word": " during", "probability": 1.0 }, { "start": 2758.91, "end": 2759.27, "word": " bitcoin", "probability": 0.99853515625 }, { "start": 2759.27, "end": 2759.51, "word": " bull", "probability": 0.99658203125 }, { "start": 2759.51, "end": 2759.93, "word": " markets", "probability": 1.0 }, { "start": 2759.93, "end": 2760.41, "word": " so", "probability": 0.99951171875 }, { "start": 2760.41, "end": 2760.51, "word": " they", "probability": 1.0 }, { "start": 2760.51, "end": 2760.63, "word": " go", "probability": 1.0 } ] }, { "start": 2760.63, "end": 2765.41, "text": "out and buy more bitcoin when it's high and then when bitcoin's in a bear market all the capital", "avg_logprob": -0.07056805031878927, "no_speech_prob": 0.0, "words": [ { "start": 2760.63, "end": 2760.73, "word": " out", "probability": 1.0 }, { "start": 2760.73, "end": 2760.81, "word": " and", "probability": 0.99951171875 }, { "start": 2760.81, "end": 2760.99, "word": " buy", "probability": 1.0 }, { "start": 2760.99, "end": 2761.17, "word": " more", "probability": 1.0 }, { "start": 2761.17, "end": 2761.51, "word": " bitcoin", "probability": 0.9990234375 }, { "start": 2761.51, "end": 2761.73, "word": " when", "probability": 1.0 }, { "start": 2761.73, "end": 2761.97, "word": " it's", "probability": 0.999755859375 }, { "start": 2761.97, "end": 2762.45, "word": " high", "probability": 0.9990234375 }, { "start": 2762.45, "end": 2763.07, "word": " and", "probability": 0.99951171875 }, { "start": 2763.07, "end": 2763.19, "word": " then", "probability": 0.99951171875 }, { "start": 2763.19, "end": 2763.43, "word": " when", "probability": 0.99951171875 }, { "start": 2763.43, "end": 2764.03, "word": " bitcoin's", "probability": 0.9775390625 }, { "start": 2764.03, "end": 2764.11, "word": " in", "probability": 0.99853515625 }, { "start": 2764.11, "end": 2764.15, "word": " a", "probability": 0.9990234375 }, { "start": 2764.15, "end": 2764.29, "word": " bear", "probability": 0.984375 }, { "start": 2764.29, "end": 2764.67, "word": " market", "probability": 1.0 }, { "start": 2764.67, "end": 2764.97, "word": " all", "probability": 1.0 }, { "start": 2764.97, "end": 2765.09, "word": " the", "probability": 0.99951171875 }, { "start": 2765.09, "end": 2765.41, "word": " capital", "probability": 0.998046875 } ] }, { "start": 2765.41, "end": 2770.85, "text": "pulls away and then the company can't buy as much bitcoin so they end up often having pro cyclical", "avg_logprob": -0.07056805031878927, "no_speech_prob": 0.0, "words": [ { "start": 2765.41, "end": 2765.77, "word": " pulls", "probability": 1.0 }, { "start": 2765.77, "end": 2766.11, "word": " away", "probability": 1.0 }, { "start": 2766.11, "end": 2766.59, "word": " and", "probability": 1.0 }, { "start": 2766.59, "end": 2766.67, "word": " then", "probability": 0.99853515625 }, { "start": 2766.67, "end": 2766.79, "word": " the", "probability": 0.99951171875 }, { "start": 2766.79, "end": 2767.07, "word": " company", "probability": 0.99951171875 }, { "start": 2767.07, "end": 2767.41, "word": " can't", "probability": 1.0 }, { "start": 2767.41, "end": 2767.59, "word": " buy", "probability": 0.9990234375 }, { "start": 2767.59, "end": 2767.73, "word": " as", "probability": 1.0 }, { "start": 2767.73, "end": 2767.87, "word": " much", "probability": 0.99951171875 }, { "start": 2767.87, "end": 2768.29, "word": " bitcoin", "probability": 0.9990234375 }, { "start": 2768.29, "end": 2768.81, "word": " so", "probability": 0.99951171875 }, { "start": 2768.81, "end": 2768.93, "word": " they", "probability": 0.94677734375 }, { "start": 2768.93, "end": 2769.01, "word": " end", "probability": 0.97802734375 }, { "start": 2769.01, "end": 2769.13, "word": " up", "probability": 0.99658203125 }, { "start": 2769.13, "end": 2769.75, "word": " often", "probability": 0.9990234375 }, { "start": 2769.75, "end": 2769.97, "word": " having", "probability": 1.0 }, { "start": 2769.97, "end": 2770.31, "word": " pro", "probability": 0.9970703125 }, { "start": 2770.31, "end": 2770.85, "word": " cyclical", "probability": 0.922119140625 } ] }, { "start": 2770.85, "end": 2776.97, "text": "accumulation whereas with orange juice if we primarily focus on you know acquiring cash flow", "avg_logprob": -0.047092014026862604, "no_speech_prob": 0.0, "words": [ { "start": 2770.85, "end": 2771.63, "word": " accumulation", "probability": 0.8720703125 }, { "start": 2771.63, "end": 2772.53, "word": " whereas", "probability": 0.073486328125 }, { "start": 2772.53, "end": 2772.91, "word": " with", "probability": 0.99755859375 }, { "start": 2772.91, "end": 2773.11, "word": " orange", "probability": 0.95703125 }, { "start": 2773.11, "end": 2773.39, "word": " juice", "probability": 1.0 }, { "start": 2773.39, "end": 2773.73, "word": " if", "probability": 0.97265625 }, { "start": 2773.73, "end": 2773.83, "word": " we", "probability": 1.0 }, { "start": 2773.83, "end": 2774.21, "word": " primarily", "probability": 1.0 }, { "start": 2774.21, "end": 2774.57, "word": " focus", "probability": 1.0 }, { "start": 2774.57, "end": 2774.97, "word": " on", "probability": 1.0 }, { "start": 2774.97, "end": 2775.73, "word": " you", "probability": 0.8544921875 }, { "start": 2775.73, "end": 2775.81, "word": " know", "probability": 0.99951171875 }, { "start": 2775.81, "end": 2776.33, "word": " acquiring", "probability": 0.9970703125 }, { "start": 2776.33, "end": 2776.75, "word": " cash", "probability": 0.9990234375 }, { "start": 2776.75, "end": 2776.97, "word": " flow", "probability": 0.9521484375 } ] }, { "start": 2776.97, "end": 2783.11, "text": "producing businesses that's our main focus and if our funnel is really good uh we can buy more", "avg_logprob": -0.047092014026862604, "no_speech_prob": 0.0, "words": [ { "start": 2776.97, "end": 2777.33, "word": " producing", "probability": 0.99951171875 }, { "start": 2777.33, "end": 2777.79, "word": " businesses", "probability": 0.99951171875 }, { "start": 2777.79, "end": 2779.03, "word": " that's", "probability": 0.994873046875 }, { "start": 2779.03, "end": 2779.13, "word": " our", "probability": 0.99951171875 }, { "start": 2779.13, "end": 2779.29, "word": " main", "probability": 0.99853515625 }, { "start": 2779.29, "end": 2779.67, "word": " focus", "probability": 1.0 }, { "start": 2779.67, "end": 2780.47, "word": " and", "probability": 0.9912109375 }, { "start": 2780.47, "end": 2780.61, "word": " if", "probability": 1.0 }, { "start": 2780.61, "end": 2780.73, "word": " our", "probability": 0.99951171875 }, { "start": 2780.73, "end": 2780.99, "word": " funnel", "probability": 0.9736328125 }, { "start": 2780.99, "end": 2781.13, "word": " is", "probability": 0.68603515625 }, { "start": 2781.13, "end": 2781.35, "word": " really", "probability": 1.0 }, { "start": 2781.35, "end": 2781.71, "word": " good", "probability": 1.0 }, { "start": 2781.71, "end": 2782.27, "word": " uh", "probability": 0.4443359375 }, { "start": 2782.27, "end": 2782.57, "word": " we", "probability": 1.0 }, { "start": 2782.57, "end": 2782.69, "word": " can", "probability": 1.0 }, { "start": 2782.69, "end": 2782.91, "word": " buy", "probability": 1.0 }, { "start": 2782.91, "end": 2783.11, "word": " more", "probability": 1.0 } ] }, { "start": 2783.11, "end": 2788.85, "text": "businesses if at any given time we have a softer funnel uh we have this whole other avenue of what", "avg_logprob": -0.047092014026862604, "no_speech_prob": 0.0, "words": [ { "start": 2783.11, "end": 2783.51, "word": " businesses", "probability": 0.99951171875 }, { "start": 2783.51, "end": 2784.35, "word": " if", "probability": 0.9990234375 }, { "start": 2784.35, "end": 2784.45, "word": " at", "probability": 0.9990234375 }, { "start": 2784.45, "end": 2784.57, "word": " any", "probability": 1.0 }, { "start": 2784.57, "end": 2784.71, "word": " given", "probability": 0.99560546875 }, { "start": 2784.71, "end": 2784.97, "word": " time", "probability": 1.0 }, { "start": 2784.97, "end": 2785.17, "word": " we", "probability": 1.0 }, { "start": 2785.17, "end": 2785.29, "word": " have", "probability": 1.0 }, { "start": 2785.29, "end": 2785.43, "word": " a", "probability": 0.9990234375 }, { "start": 2785.43, "end": 2785.81, "word": " softer", "probability": 0.98876953125 }, { "start": 2785.81, "end": 2786.21, "word": " funnel", "probability": 0.99951171875 }, { "start": 2786.21, "end": 2786.97, "word": " uh", "probability": 0.845703125 }, { "start": 2786.97, "end": 2787.31, "word": " we", "probability": 1.0 }, { "start": 2787.31, "end": 2787.39, "word": " have", "probability": 1.0 }, { "start": 2787.39, "end": 2787.53, "word": " this", "probability": 0.99951171875 }, { "start": 2787.53, "end": 2787.65, "word": " whole", "probability": 0.998046875 }, { "start": 2787.65, "end": 2787.89, "word": " other", "probability": 1.0 }, { "start": 2787.89, "end": 2788.29, "word": " avenue", "probability": 0.99951171875 }, { "start": 2788.29, "end": 2788.69, "word": " of", "probability": 1.0 }, { "start": 2788.69, "end": 2788.85, "word": " what", "probability": 1.0 } ] }, { "start": 2788.85, "end": 2795.31, "text": "is bitcoin doing is it in a bear market is it surging you know um and you know so it gives us", "avg_logprob": -0.047092014026862604, "no_speech_prob": 0.0, "words": [ { "start": 2788.85, "end": 2788.97, "word": " is", "probability": 0.99951171875 }, { "start": 2788.97, "end": 2789.25, "word": " bitcoin", "probability": 0.96240234375 }, { "start": 2789.25, "end": 2789.53, "word": " doing", "probability": 0.998046875 }, { "start": 2789.53, "end": 2789.77, "word": " is", "probability": 0.99951171875 }, { "start": 2789.77, "end": 2789.87, "word": " it", "probability": 0.99658203125 }, { "start": 2789.87, "end": 2789.97, "word": " in", "probability": 0.9990234375 }, { "start": 2789.97, "end": 2790.07, "word": " a", "probability": 0.830078125 }, { "start": 2790.07, "end": 2790.25, "word": " bear", "probability": 0.978515625 }, { "start": 2790.25, "end": 2790.65, "word": " market", "probability": 1.0 }, { "start": 2790.65, "end": 2790.89, "word": " is", "probability": 1.0 }, { "start": 2790.89, "end": 2790.99, "word": " it", "probability": 0.99755859375 }, { "start": 2790.99, "end": 2791.47, "word": " surging", "probability": 0.99853515625 }, { "start": 2791.47, "end": 2792.09, "word": " you", "probability": 0.99951171875 }, { "start": 2792.09, "end": 2792.29, "word": " know", "probability": 1.0 }, { "start": 2792.29, "end": 2792.83, "word": " um", "probability": 0.98974609375 }, { "start": 2792.83, "end": 2793.65, "word": " and", "probability": 1.0 }, { "start": 2793.65, "end": 2793.97, "word": " you", "probability": 1.0 }, { "start": 2793.97, "end": 2794.09, "word": " know", "probability": 0.99951171875 }, { "start": 2794.09, "end": 2794.59, "word": " so", "probability": 0.9990234375 }, { "start": 2794.59, "end": 2795.01, "word": " it", "probability": 1.0 }, { "start": 2795.01, "end": 2795.19, "word": " gives", "probability": 1.0 }, { "start": 2795.19, "end": 2795.31, "word": " us", "probability": 0.99951171875 } ] }, { "start": 2795.31, "end": 2800.57, "text": "that whole second avenue of things that we can be doing with our capital uh in what is historically", "avg_logprob": -0.047092014026862604, "no_speech_prob": 0.0, "words": [ { "start": 2795.31, "end": 2795.43, "word": " that", "probability": 0.99951171875 }, { "start": 2795.43, "end": 2795.59, "word": " whole", "probability": 0.9990234375 }, { "start": 2795.59, "end": 2795.95, "word": " second", "probability": 0.99951171875 }, { "start": 2795.95, "end": 2796.33, "word": " avenue", "probability": 0.99951171875 }, { "start": 2796.33, "end": 2796.51, "word": " of", "probability": 0.998046875 }, { "start": 2796.51, "end": 2796.65, "word": " things", "probability": 0.99951171875 }, { "start": 2796.65, "end": 2796.81, "word": " that", "probability": 0.998046875 }, { "start": 2796.81, "end": 2796.91, "word": " we", "probability": 0.99951171875 }, { "start": 2796.91, "end": 2797.05, "word": " can", "probability": 1.0 }, { "start": 2797.05, "end": 2797.23, "word": " be", "probability": 1.0 }, { "start": 2797.23, "end": 2797.63, "word": " doing", "probability": 0.99951171875 }, { "start": 2797.63, "end": 2797.81, "word": " with", "probability": 1.0 }, { "start": 2797.81, "end": 2797.93, "word": " our", "probability": 1.0 }, { "start": 2797.93, "end": 2798.41, "word": " capital", "probability": 0.99951171875 }, { "start": 2798.41, "end": 2799.15, "word": " uh", "probability": 0.99609375 }, { "start": 2799.15, "end": 2799.75, "word": " in", "probability": 0.99951171875 }, { "start": 2799.75, "end": 2799.91, "word": " what", "probability": 1.0 }, { "start": 2799.91, "end": 2800.07, "word": " is", "probability": 0.98779296875 }, { "start": 2800.07, "end": 2800.57, "word": " historically", "probability": 0.99951171875 } ] }, { "start": 2800.57, "end": 2806.21, "text": "a volatile but strongly performing asset. Yeah. And at the same time, giving small", "avg_logprob": -0.07066761004653845, "no_speech_prob": 0.0, "words": [ { "start": 2800.57, "end": 2801.01, "word": " a", "probability": 0.96875 }, { "start": 2801.01, "end": 2801.55, "word": " volatile", "probability": 1.0 }, { "start": 2801.55, "end": 2801.99, "word": " but", "probability": 0.81494140625 }, { "start": 2801.99, "end": 2802.65, "word": " strongly", "probability": 0.94091796875 }, { "start": 2802.65, "end": 2803.15, "word": " performing", "probability": 0.9853515625 }, { "start": 2803.15, "end": 2803.55, "word": " asset.", "probability": 0.99951171875 }, { "start": 2803.87, "end": 2804.15, "word": " Yeah.", "probability": 0.921875 }, { "start": 2804.39, "end": 2804.57, "word": " And", "probability": 0.98876953125 }, { "start": 2804.57, "end": 2804.79, "word": " at", "probability": 0.998046875 }, { "start": 2804.79, "end": 2804.93, "word": " the", "probability": 1.0 }, { "start": 2804.93, "end": 2805.13, "word": " same", "probability": 1.0 }, { "start": 2805.13, "end": 2805.51, "word": " time,", "probability": 1.0 }, { "start": 2805.71, "end": 2805.85, "word": " giving", "probability": 0.9990234375 }, { "start": 2805.85, "end": 2806.21, "word": " small", "probability": 1.0 } ] }, { "start": 2806.21, "end": 2810.91, "text": "businesses, which are struggling and are facing an environment, which is going to be really tough,", "avg_logprob": -0.07066761004653845, "no_speech_prob": 0.0, "words": [ { "start": 2806.21, "end": 2806.71, "word": " businesses,", "probability": 1.0 }, { "start": 2806.71, "end": 2807.09, "word": " which", "probability": 1.0 }, { "start": 2807.09, "end": 2807.23, "word": " are", "probability": 1.0 }, { "start": 2807.23, "end": 2807.71, "word": " struggling", "probability": 1.0 }, { "start": 2807.71, "end": 2808.57, "word": " and", "probability": 0.9169921875 }, { "start": 2808.57, "end": 2808.75, "word": " are", "probability": 1.0 }, { "start": 2808.75, "end": 2809.15, "word": " facing", "probability": 1.0 }, { "start": 2809.15, "end": 2809.35, "word": " an", "probability": 1.0 }, { "start": 2809.35, "end": 2809.71, "word": " environment,", "probability": 1.0 }, { "start": 2809.85, "end": 2809.95, "word": " which", "probability": 1.0 }, { "start": 2809.95, "end": 2810.07, "word": " is", "probability": 1.0 }, { "start": 2810.07, "end": 2810.15, "word": " going", "probability": 0.97509765625 }, { "start": 2810.15, "end": 2810.21, "word": " to", "probability": 1.0 }, { "start": 2810.21, "end": 2810.29, "word": " be", "probability": 1.0 }, { "start": 2810.29, "end": 2810.49, "word": " really", "probability": 1.0 }, { "start": 2810.49, "end": 2810.91, "word": " tough,", "probability": 1.0 } ] }, { "start": 2811.11, "end": 2815.31, "text": "if you look at interest rates or you look at devaluation, and giving them an option other", "avg_logprob": -0.07066761004653845, "no_speech_prob": 0.0, "words": [ { "start": 2811.11, "end": 2811.15, "word": " if", "probability": 1.0 }, { "start": 2811.15, "end": 2811.21, "word": " you", "probability": 1.0 }, { "start": 2811.21, "end": 2811.31, "word": " look", "probability": 0.99951171875 }, { "start": 2811.31, "end": 2811.39, "word": " at", "probability": 1.0 }, { "start": 2811.39, "end": 2811.61, "word": " interest", "probability": 1.0 }, { "start": 2811.61, "end": 2811.85, "word": " rates", "probability": 1.0 }, { "start": 2811.85, "end": 2811.95, "word": " or", "probability": 0.98388671875 }, { "start": 2811.95, "end": 2812.01, "word": " you", "probability": 0.99462890625 }, { "start": 2812.01, "end": 2812.17, "word": " look", "probability": 0.9609375 }, { "start": 2812.17, "end": 2812.27, "word": " at", "probability": 1.0 }, { "start": 2812.27, "end": 2812.89, "word": " devaluation,", "probability": 0.9993489583333334 }, { "start": 2813.29, "end": 2814.07, "word": " and", "probability": 0.998046875 }, { "start": 2814.07, "end": 2814.33, "word": " giving", "probability": 0.99951171875 }, { "start": 2814.33, "end": 2814.61, "word": " them", "probability": 1.0 }, { "start": 2814.61, "end": 2814.79, "word": " an", "probability": 0.99951171875 }, { "start": 2814.79, "end": 2815.01, "word": " option", "probability": 0.99951171875 }, { "start": 2815.01, "end": 2815.31, "word": " other", "probability": 1.0 } ] }, { "start": 2815.31, "end": 2820.39, "text": "than private equity, which for many people is not the answer. So really fascinating stuff.", "avg_logprob": -0.07066761004653845, "no_speech_prob": 0.0, "words": [ { "start": 2815.31, "end": 2815.53, "word": " than", "probability": 1.0 }, { "start": 2815.53, "end": 2815.81, "word": " private", "probability": 1.0 }, { "start": 2815.81, "end": 2816.15, "word": " equity,", "probability": 1.0 }, { "start": 2816.35, "end": 2816.45, "word": " which", "probability": 1.0 }, { "start": 2816.45, "end": 2816.57, "word": " for", "probability": 0.98388671875 }, { "start": 2816.57, "end": 2816.75, "word": " many", "probability": 0.99951171875 }, { "start": 2816.75, "end": 2816.99, "word": " people", "probability": 0.99951171875 }, { "start": 2816.99, "end": 2817.21, "word": " is", "probability": 0.99951171875 }, { "start": 2817.21, "end": 2817.67, "word": " not", "probability": 0.99951171875 }, { "start": 2817.67, "end": 2817.83, "word": " the", "probability": 0.99267578125 }, { "start": 2817.83, "end": 2818.17, "word": " answer.", "probability": 1.0 }, { "start": 2818.47, "end": 2818.69, "word": " So", "probability": 0.9921875 }, { "start": 2818.69, "end": 2819.39, "word": " really", "probability": 0.95263671875 }, { "start": 2819.39, "end": 2819.99, "word": " fascinating", "probability": 0.802734375 }, { "start": 2819.99, "end": 2820.39, "word": " stuff.", "probability": 1.0 } ] }, { "start": 2820.61, "end": 2825.23, "text": "It certainly feels that we're kind of living in a sci-fi movie right now. I mean, I just was", "avg_logprob": -0.07066761004653845, "no_speech_prob": 0.0, "words": [ { "start": 2820.61, "end": 2821.05, "word": " It", "probability": 1.0 }, { "start": 2821.05, "end": 2821.45, "word": " certainly", "probability": 1.0 }, { "start": 2821.45, "end": 2821.89, "word": " feels", "probability": 1.0 }, { "start": 2821.89, "end": 2822.11, "word": " that", "probability": 0.9990234375 }, { "start": 2822.11, "end": 2822.27, "word": " we're", "probability": 1.0 }, { "start": 2822.27, "end": 2822.39, "word": " kind", "probability": 0.95458984375 }, { "start": 2822.39, "end": 2822.51, "word": " of", "probability": 0.99951171875 }, { "start": 2822.51, "end": 2822.75, "word": " living", "probability": 0.99951171875 }, { "start": 2822.75, "end": 2822.93, "word": " in", "probability": 1.0 }, { "start": 2822.93, "end": 2823.25, "word": " a", "probability": 1.0 }, { "start": 2823.25, "end": 2823.51, "word": " sci", "probability": 0.99951171875 }, { "start": 2823.51, "end": 2823.73, "word": "-fi", "probability": 0.998779296875 }, { "start": 2823.73, "end": 2824.03, "word": " movie", "probability": 1.0 }, { "start": 2824.03, "end": 2824.27, "word": " right", "probability": 1.0 }, { "start": 2824.27, "end": 2824.53, "word": " now.", "probability": 1.0 }, { "start": 2824.65, "end": 2824.71, "word": " I", "probability": 1.0 }, { "start": 2824.71, "end": 2824.77, "word": " mean,", "probability": 0.951171875 }, { "start": 2824.83, "end": 2824.89, "word": " I", "probability": 0.99951171875 }, { "start": 2824.89, "end": 2825.05, "word": " just", "probability": 0.9970703125 }, { "start": 2825.05, "end": 2825.23, "word": " was", "probability": 1.0 } ] }, { "start": 2825.23, "end": 2829.81, "text": "reading all these headlines about AI agents. And I think we all have this weird sensation", "avg_logprob": -0.08607104828215054, "no_speech_prob": 0.0, "words": [ { "start": 2825.23, "end": 2825.41, "word": " reading", "probability": 0.90478515625 }, { "start": 2825.41, "end": 2825.57, "word": " all", "probability": 0.9990234375 }, { "start": 2825.57, "end": 2825.75, "word": " these", "probability": 0.97998046875 }, { "start": 2825.75, "end": 2826.07, "word": " headlines", "probability": 0.99951171875 }, { "start": 2826.07, "end": 2826.31, "word": " about", "probability": 0.9990234375 }, { "start": 2826.31, "end": 2826.61, "word": " AI", "probability": 0.96484375 }, { "start": 2826.61, "end": 2827.21, "word": " agents.", "probability": 0.99951171875 }, { "start": 2827.31, "end": 2827.57, "word": " And", "probability": 0.9765625 }, { "start": 2827.57, "end": 2828.03, "word": " I", "probability": 0.9990234375 }, { "start": 2828.03, "end": 2828.13, "word": " think", "probability": 1.0 }, { "start": 2828.13, "end": 2828.25, "word": " we", "probability": 1.0 }, { "start": 2828.25, "end": 2828.41, "word": " all", "probability": 1.0 }, { "start": 2828.41, "end": 2828.63, "word": " have", "probability": 1.0 }, { "start": 2828.63, "end": 2828.81, "word": " this", "probability": 1.0 }, { "start": 2828.81, "end": 2829.15, "word": " weird", "probability": 0.99951171875 }, { "start": 2829.15, "end": 2829.81, "word": " sensation", "probability": 1.0 } ] }, { "start": 2830.33, "end": 2835.15, "text": "when you were writing your novel, because as most people know, you are a published author of a sci-fi", "avg_logprob": -0.08607104828215054, "no_speech_prob": 0.0, "words": [ { "start": 2830.33, "end": 2830.73, "word": " when", "probability": 0.233154296875 }, { "start": 2830.73, "end": 2830.91, "word": " you", "probability": 1.0 }, { "start": 2830.91, "end": 2831.07, "word": " were", "probability": 0.998046875 }, { "start": 2831.07, "end": 2831.31, "word": " writing", "probability": 1.0 }, { "start": 2831.31, "end": 2831.51, "word": " your", "probability": 0.99951171875 }, { "start": 2831.51, "end": 2831.83, "word": " novel,", "probability": 0.99951171875 }, { "start": 2832.01, "end": 2832.21, "word": " because", "probability": 1.0 }, { "start": 2832.21, "end": 2832.53, "word": " as", "probability": 0.9921875 }, { "start": 2832.53, "end": 2832.75, "word": " most", "probability": 0.99951171875 }, { "start": 2832.75, "end": 2832.95, "word": " people", "probability": 0.99951171875 }, { "start": 2832.95, "end": 2833.23, "word": " know,", "probability": 1.0 }, { "start": 2833.39, "end": 2833.51, "word": " you", "probability": 0.99951171875 }, { "start": 2833.51, "end": 2833.69, "word": " are", "probability": 1.0 }, { "start": 2833.69, "end": 2833.83, "word": " a", "probability": 0.99951171875 }, { "start": 2833.83, "end": 2834.17, "word": " published", "probability": 0.9990234375 }, { "start": 2834.17, "end": 2834.49, "word": " author", "probability": 1.0 }, { "start": 2834.49, "end": 2834.73, "word": " of", "probability": 1.0 }, { "start": 2834.73, "end": 2834.81, "word": " a", "probability": 0.99853515625 }, { "start": 2834.81, "end": 2834.97, "word": " sci", "probability": 0.9951171875 }, { "start": 2834.97, "end": 2835.15, "word": "-fi", "probability": 0.9814453125 } ] }, { "start": 2835.15, "end": 2840.53, "text": "novel. Uh, if, if you describe it as that, you tell us, um, when you were writing the Stolgard", "avg_logprob": -0.08607104828215054, "no_speech_prob": 0.0, "words": [ { "start": 2835.15, "end": 2835.85, "word": " novel.", "probability": 0.99951171875 }, { "start": 2836.07, "end": 2836.43, "word": " Uh,", "probability": 0.46044921875 }, { "start": 2836.53, "end": 2836.71, "word": " if,", "probability": 0.99951171875 }, { "start": 2836.75, "end": 2836.91, "word": " if", "probability": 1.0 }, { "start": 2836.91, "end": 2837.07, "word": " you", "probability": 1.0 }, { "start": 2837.07, "end": 2837.49, "word": " describe", "probability": 0.9794921875 }, { "start": 2837.49, "end": 2837.59, "word": " it", "probability": 0.99951171875 }, { "start": 2837.59, "end": 2837.71, "word": " as", "probability": 0.99658203125 }, { "start": 2837.71, "end": 2837.83, "word": " that,", "probability": 0.99951171875 }, { "start": 2837.89, "end": 2837.97, "word": " you", "probability": 0.99951171875 }, { "start": 2837.97, "end": 2838.13, "word": " tell", "probability": 0.9853515625 }, { "start": 2838.13, "end": 2838.49, "word": " us,", "probability": 1.0 }, { "start": 2838.59, "end": 2839.13, "word": " um,", "probability": 0.99853515625 }, { "start": 2839.31, "end": 2839.51, "word": " when", "probability": 1.0 }, { "start": 2839.51, "end": 2839.59, "word": " you", "probability": 1.0 }, { "start": 2839.59, "end": 2839.71, "word": " were", "probability": 1.0 }, { "start": 2839.71, "end": 2839.99, "word": " writing", "probability": 1.0 }, { "start": 2839.99, "end": 2840.19, "word": " the", "probability": 0.953125 }, { "start": 2840.19, "end": 2840.53, "word": " Stolgard", "probability": 0.7325032552083334 } ] }, { "start": 2840.53, "end": 2845.55, "text": "incident, did your macro view influence the book or did the process of writing the book and sort", "avg_logprob": -0.08607104828215054, "no_speech_prob": 0.0, "words": [ { "start": 2840.53, "end": 2840.93, "word": " incident,", "probability": 0.88134765625 }, { "start": 2841.09, "end": 2841.19, "word": " did", "probability": 1.0 }, { "start": 2841.19, "end": 2841.37, "word": " your", "probability": 1.0 }, { "start": 2841.37, "end": 2841.83, "word": " macro", "probability": 0.9990234375 }, { "start": 2841.83, "end": 2842.35, "word": " view", "probability": 1.0 }, { "start": 2842.35, "end": 2843.05, "word": " influence", "probability": 0.9970703125 }, { "start": 2843.05, "end": 2843.29, "word": " the", "probability": 1.0 }, { "start": 2843.29, "end": 2843.65, "word": " book", "probability": 1.0 }, { "start": 2843.65, "end": 2843.83, "word": " or", "probability": 0.99462890625 }, { "start": 2843.83, "end": 2843.95, "word": " did", "probability": 0.9990234375 }, { "start": 2843.95, "end": 2844.07, "word": " the", "probability": 1.0 }, { "start": 2844.07, "end": 2844.45, "word": " process", "probability": 0.99951171875 }, { "start": 2844.45, "end": 2844.67, "word": " of", "probability": 1.0 }, { "start": 2844.67, "end": 2844.89, "word": " writing", "probability": 1.0 }, { "start": 2844.89, "end": 2845.03, "word": " the", "probability": 1.0 }, { "start": 2845.03, "end": 2845.27, "word": " book", "probability": 1.0 }, { "start": 2845.27, "end": 2845.43, "word": " and", "probability": 0.99951171875 }, { "start": 2845.43, "end": 2845.55, "word": " sort", "probability": 0.99951171875 } ] }, { "start": 2845.55, "end": 2850.53, "text": "of thinking about living in the future impact your macro thinking at all? Uh, good question.", "avg_logprob": -0.08607104828215054, "no_speech_prob": 0.0, "words": [ { "start": 2845.55, "end": 2845.67, "word": " of", "probability": 1.0 }, { "start": 2845.67, "end": 2845.99, "word": " thinking", "probability": 1.0 }, { "start": 2845.99, "end": 2846.27, "word": " about", "probability": 1.0 }, { "start": 2846.27, "end": 2846.53, "word": " living", "probability": 1.0 }, { "start": 2846.53, "end": 2846.69, "word": " in", "probability": 1.0 }, { "start": 2846.69, "end": 2846.79, "word": " the", "probability": 1.0 }, { "start": 2846.79, "end": 2847.17, "word": " future", "probability": 1.0 }, { "start": 2847.17, "end": 2848.03, "word": " impact", "probability": 0.89306640625 }, { "start": 2848.03, "end": 2848.33, "word": " your", "probability": 0.9990234375 }, { "start": 2848.33, "end": 2848.67, "word": " macro", "probability": 0.998046875 }, { "start": 2848.67, "end": 2848.97, "word": " thinking", "probability": 0.99951171875 }, { "start": 2848.97, "end": 2849.23, "word": " at", "probability": 1.0 }, { "start": 2849.23, "end": 2849.43, "word": " all?", "probability": 1.0 }, { "start": 2849.67, "end": 2849.93, "word": " Uh,", "probability": 0.9619140625 }, { "start": 2850.09, "end": 2850.27, "word": " good", "probability": 0.9990234375 }, { "start": 2850.27, "end": 2850.53, "word": " question.", "probability": 1.0 } ] }, { "start": 2850.53, "end": 2851.83, "text": "I would say both to some degree.", "avg_logprob": -0.08295815968412464, "no_speech_prob": 0.0, "words": [ { "start": 2850.53, "end": 2850.67, "word": " I", "probability": 0.974609375 }, { "start": 2850.67, "end": 2850.77, "word": " would", "probability": 0.99951171875 }, { "start": 2850.77, "end": 2850.93, "word": " say", "probability": 1.0 }, { "start": 2850.93, "end": 2851.29, "word": " both", "probability": 0.99951171875 }, { "start": 2851.29, "end": 2851.43, "word": " to", "probability": 0.994140625 }, { "start": 2851.43, "end": 2851.57, "word": " some", "probability": 1.0 }, { "start": 2851.57, "end": 2851.83, "word": " degree.", "probability": 0.99951171875 } ] }, { "start": 2852.03, "end": 2856.81, "text": "So when I do investing, because I come from a background that blends engineering and finance.", "avg_logprob": -0.08295815968412464, "no_speech_prob": 0.0, "words": [ { "start": 2852.03, "end": 2852.07, "word": " So", "probability": 0.85791015625 }, { "start": 2852.07, "end": 2852.39, "word": " when", "probability": 0.96337890625 }, { "start": 2852.39, "end": 2852.59, "word": " I", "probability": 1.0 }, { "start": 2852.59, "end": 2853.09, "word": " do", "probability": 1.0 }, { "start": 2853.09, "end": 2853.71, "word": " investing,", "probability": 1.0 }, { "start": 2853.95, "end": 2854.07, "word": " because", "probability": 0.98095703125 }, { "start": 2854.07, "end": 2854.23, "word": " I", "probability": 1.0 }, { "start": 2854.23, "end": 2854.73, "word": " come", "probability": 0.99169921875 }, { "start": 2854.73, "end": 2854.91, "word": " from", "probability": 1.0 }, { "start": 2854.91, "end": 2855.05, "word": " a", "probability": 0.99658203125 }, { "start": 2855.05, "end": 2855.25, "word": " background", "probability": 1.0 }, { "start": 2855.25, "end": 2855.43, "word": " that", "probability": 1.0 }, { "start": 2855.43, "end": 2855.75, "word": " blends", "probability": 0.99951171875 }, { "start": 2855.75, "end": 2856.17, "word": " engineering", "probability": 1.0 }, { "start": 2856.17, "end": 2856.35, "word": " and", "probability": 1.0 }, { "start": 2856.35, "end": 2856.81, "word": " finance.", "probability": 1.0 } ] }, { "start": 2857.03, "end": 2864.53, "text": "And so naturally, when I think about the future, I think about the path of tech adoption in addition to all the financial considerations I'm doing.", "avg_logprob": -0.08295815968412464, "no_speech_prob": 0.0, "words": [ { "start": 2857.03, "end": 2857.43, "word": " And", "probability": 0.9951171875 }, { "start": 2857.43, "end": 2857.57, "word": " so", "probability": 1.0 }, { "start": 2857.57, "end": 2857.91, "word": " naturally,", "probability": 0.98583984375 }, { "start": 2858.07, "end": 2858.15, "word": " when", "probability": 1.0 }, { "start": 2858.15, "end": 2858.27, "word": " I", "probability": 1.0 }, { "start": 2858.27, "end": 2858.77, "word": " think", "probability": 0.9140625 }, { "start": 2858.77, "end": 2858.97, "word": " about", "probability": 1.0 }, { "start": 2858.97, "end": 2859.11, "word": " the", "probability": 1.0 }, { "start": 2859.11, "end": 2859.41, "word": " future,", "probability": 1.0 }, { "start": 2859.57, "end": 2859.73, "word": " I", "probability": 1.0 }, { "start": 2859.73, "end": 2860.05, "word": " think", "probability": 1.0 }, { "start": 2860.05, "end": 2860.31, "word": " about", "probability": 1.0 }, { "start": 2860.31, "end": 2860.47, "word": " the", "probability": 1.0 }, { "start": 2860.47, "end": 2860.79, "word": " path", "probability": 1.0 }, { "start": 2860.79, "end": 2860.95, "word": " of", "probability": 1.0 }, { "start": 2860.95, "end": 2861.19, "word": " tech", "probability": 1.0 }, { "start": 2861.19, "end": 2861.65, "word": " adoption", "probability": 1.0 }, { "start": 2861.65, "end": 2862.29, "word": " in", "probability": 0.79296875 }, { "start": 2862.29, "end": 2862.59, "word": " addition", "probability": 1.0 }, { "start": 2862.59, "end": 2862.81, "word": " to", "probability": 1.0 }, { "start": 2862.81, "end": 2862.91, "word": " all", "probability": 1.0 }, { "start": 2862.91, "end": 2863.03, "word": " the", "probability": 1.0 }, { "start": 2863.03, "end": 2863.35, "word": " financial", "probability": 1.0 }, { "start": 2863.35, "end": 2863.95, "word": " considerations", "probability": 1.0 }, { "start": 2863.95, "end": 2864.23, "word": " I'm", "probability": 1.0 }, { "start": 2864.23, "end": 2864.53, "word": " doing.", "probability": 1.0 } ] }, { "start": 2865.99, "end": 2878.75, "text": "But from an investing standpoint, really kind of like three to five-year time horizons or 10-year time horizons if you're doing venture or buying a whole business, that's about as far as someone can realistically look out and have a thesis.", "avg_logprob": -0.08295815968412464, "no_speech_prob": 0.0, "words": [ { "start": 2865.99, "end": 2866.39, "word": " But", "probability": 0.99951171875 }, { "start": 2866.39, "end": 2866.79, "word": " from", "probability": 0.72314453125 }, { "start": 2866.79, "end": 2866.93, "word": " an", "probability": 0.96435546875 }, { "start": 2866.93, "end": 2867.21, "word": " investing", "probability": 0.9990234375 }, { "start": 2867.21, "end": 2867.75, "word": " standpoint,", "probability": 1.0 }, { "start": 2868.05, "end": 2868.23, "word": " really", "probability": 0.99951171875 }, { "start": 2868.23, "end": 2868.43, "word": " kind", "probability": 0.98486328125 }, { "start": 2868.43, "end": 2868.51, "word": " of", "probability": 1.0 }, { "start": 2868.51, "end": 2868.65, "word": " like", "probability": 0.99853515625 }, { "start": 2868.65, "end": 2868.91, "word": " three", "probability": 0.98388671875 }, { "start": 2868.91, "end": 2869.03, "word": " to", "probability": 0.751953125 }, { "start": 2869.03, "end": 2869.35, "word": " five", "probability": 1.0 }, { "start": 2869.35, "end": 2869.53, "word": "-year", "probability": 0.893798828125 }, { "start": 2869.53, "end": 2869.81, "word": " time", "probability": 0.99951171875 }, { "start": 2869.81, "end": 2870.37, "word": " horizons", "probability": 0.999755859375 }, { "start": 2870.37, "end": 2871.11, "word": " or", "probability": 0.9609375 }, { "start": 2871.11, "end": 2871.85, "word": " 10", "probability": 0.9150390625 }, { "start": 2871.85, "end": 2872.05, "word": "-year", "probability": 1.0 }, { "start": 2872.05, "end": 2872.31, "word": " time", "probability": 1.0 }, { "start": 2872.31, "end": 2872.73, "word": " horizons", "probability": 0.99951171875 }, { "start": 2872.73, "end": 2872.89, "word": " if", "probability": 0.94775390625 }, { "start": 2872.89, "end": 2873.09, "word": " you're", "probability": 1.0 }, { "start": 2873.09, "end": 2873.43, "word": " doing", "probability": 1.0 }, { "start": 2873.43, "end": 2873.77, "word": " venture", "probability": 0.99951171875 }, { "start": 2873.77, "end": 2873.99, "word": " or", "probability": 1.0 }, { "start": 2873.99, "end": 2874.23, "word": " buying", "probability": 1.0 }, { "start": 2874.23, "end": 2874.33, "word": " a", "probability": 1.0 }, { "start": 2874.33, "end": 2874.45, "word": " whole", "probability": 0.99951171875 }, { "start": 2874.45, "end": 2874.89, "word": " business,", "probability": 1.0 }, { "start": 2875.07, "end": 2875.67, "word": " that's", "probability": 0.999755859375 }, { "start": 2875.67, "end": 2875.81, "word": " about", "probability": 1.0 }, { "start": 2875.81, "end": 2875.95, "word": " as", "probability": 1.0 }, { "start": 2875.95, "end": 2876.25, "word": " far", "probability": 1.0 }, { "start": 2876.25, "end": 2876.41, "word": " as", "probability": 1.0 }, { "start": 2876.41, "end": 2876.57, "word": " someone", "probability": 0.99951171875 }, { "start": 2876.57, "end": 2876.73, "word": " can", "probability": 0.99853515625 }, { "start": 2876.73, "end": 2877.23, "word": " realistically", "probability": 0.99951171875 }, { "start": 2877.23, "end": 2877.89, "word": " look", "probability": 1.0 }, { "start": 2877.89, "end": 2878.09, "word": " out", "probability": 1.0 }, { "start": 2878.09, "end": 2878.23, "word": " and", "probability": 1.0 }, { "start": 2878.23, "end": 2878.35, "word": " have", "probability": 1.0 }, { "start": 2878.35, "end": 2878.47, "word": " a", "probability": 1.0 }, { "start": 2878.47, "end": 2878.75, "word": " thesis.", "probability": 1.0 } ] }, { "start": 2878.75, "end": 2881.73, "text": "And that's really when the investment should should really have worked out or not.", "avg_logprob": -0.13000801434883705, "no_speech_prob": 0.0, "words": [ { "start": 2878.75, "end": 2878.97, "word": " And", "probability": 0.62060546875 }, { "start": 2878.97, "end": 2879.15, "word": " that's", "probability": 0.999267578125 }, { "start": 2879.15, "end": 2879.33, "word": " really", "probability": 1.0 }, { "start": 2879.33, "end": 2879.49, "word": " when", "probability": 0.9921875 }, { "start": 2879.49, "end": 2879.65, "word": " the", "probability": 0.5859375 }, { "start": 2879.65, "end": 2879.97, "word": " investment", "probability": 0.99951171875 }, { "start": 2879.97, "end": 2880.27, "word": " should", "probability": 0.99951171875 }, { "start": 2880.27, "end": 2880.47, "word": " should", "probability": 0.107177734375 }, { "start": 2880.47, "end": 2880.75, "word": " really", "probability": 1.0 }, { "start": 2880.75, "end": 2880.97, "word": " have", "probability": 1.0 }, { "start": 2880.97, "end": 2881.21, "word": " worked", "probability": 1.0 }, { "start": 2881.21, "end": 2881.37, "word": " out", "probability": 1.0 }, { "start": 2881.37, "end": 2881.51, "word": " or", "probability": 1.0 }, { "start": 2881.51, "end": 2881.73, "word": " not.", "probability": 1.0 } ] }, { "start": 2883.99, "end": 2891.85, "text": "And whereas when you want to think about much farther ahead, I've definitely found that that fiction is just a more interesting way to express that.", "avg_logprob": -0.13000801434883705, "no_speech_prob": 0.0, "words": [ { "start": 2883.99, "end": 2884.39, "word": " And", "probability": 0.7763671875 }, { "start": 2884.39, "end": 2884.79, "word": " whereas", "probability": 0.9990234375 }, { "start": 2884.79, "end": 2885.03, "word": " when", "probability": 0.99755859375 }, { "start": 2885.03, "end": 2885.11, "word": " you", "probability": 1.0 }, { "start": 2885.11, "end": 2885.23, "word": " want", "probability": 1.0 }, { "start": 2885.23, "end": 2885.37, "word": " to", "probability": 1.0 }, { "start": 2885.37, "end": 2885.61, "word": " think", "probability": 1.0 }, { "start": 2885.61, "end": 2885.91, "word": " about", "probability": 1.0 }, { "start": 2885.91, "end": 2886.67, "word": " much", "probability": 1.0 }, { "start": 2886.67, "end": 2887.03, "word": " farther", "probability": 0.99755859375 }, { "start": 2887.03, "end": 2887.47, "word": " ahead,", "probability": 1.0 }, { "start": 2887.81, "end": 2888.15, "word": " I've", "probability": 0.999267578125 }, { "start": 2888.15, "end": 2888.33, "word": " definitely", "probability": 0.351806640625 }, { "start": 2888.33, "end": 2888.57, "word": " found", "probability": 1.0 }, { "start": 2888.57, "end": 2888.71, "word": " that", "probability": 0.99267578125 }, { "start": 2888.71, "end": 2888.87, "word": " that", "probability": 0.7666015625 }, { "start": 2888.87, "end": 2889.19, "word": " fiction", "probability": 1.0 }, { "start": 2889.19, "end": 2889.39, "word": " is", "probability": 1.0 }, { "start": 2889.39, "end": 2889.51, "word": " just", "probability": 1.0 }, { "start": 2889.51, "end": 2889.61, "word": " a", "probability": 0.89892578125 }, { "start": 2889.61, "end": 2889.75, "word": " more", "probability": 0.99951171875 }, { "start": 2889.75, "end": 2890.03, "word": " interesting", "probability": 0.99951171875 }, { "start": 2890.03, "end": 2890.97, "word": " way", "probability": 1.0 }, { "start": 2890.97, "end": 2891.11, "word": " to", "probability": 1.0 }, { "start": 2891.11, "end": 2891.49, "word": " express", "probability": 1.0 }, { "start": 2891.49, "end": 2891.85, "word": " that.", "probability": 1.0 } ] }, { "start": 2893.21, "end": 2903.03, "text": "And that can eventually come back and feed into the present, which is, OK, if the world might look like this in 50 years, what is it likely going to look like at the halfway point?", "avg_logprob": -0.13000801434883705, "no_speech_prob": 0.0, "words": [ { "start": 2893.21, "end": 2893.61, "word": " And", "probability": 0.99951171875 }, { "start": 2893.61, "end": 2893.91, "word": " that", "probability": 1.0 }, { "start": 2893.91, "end": 2894.15, "word": " can", "probability": 1.0 }, { "start": 2894.15, "end": 2895.15, "word": " eventually", "probability": 0.46435546875 }, { "start": 2895.15, "end": 2895.51, "word": " come", "probability": 1.0 }, { "start": 2895.51, "end": 2895.81, "word": " back", "probability": 1.0 }, { "start": 2895.81, "end": 2896.19, "word": " and", "probability": 1.0 }, { "start": 2896.19, "end": 2896.53, "word": " feed", "probability": 1.0 }, { "start": 2896.53, "end": 2896.73, "word": " into", "probability": 1.0 }, { "start": 2896.73, "end": 2896.85, "word": " the", "probability": 1.0 }, { "start": 2896.85, "end": 2897.23, "word": " present,", "probability": 0.99853515625 }, { "start": 2897.33, "end": 2897.49, "word": " which", "probability": 0.99951171875 }, { "start": 2897.49, "end": 2897.69, "word": " is,", "probability": 0.96826171875 }, { "start": 2897.81, "end": 2897.91, "word": " OK,", "probability": 0.90966796875 }, { "start": 2898.05, "end": 2898.27, "word": " if", "probability": 1.0 }, { "start": 2898.27, "end": 2898.55, "word": " the", "probability": 0.99951171875 }, { "start": 2898.55, "end": 2898.75, "word": " world", "probability": 1.0 }, { "start": 2898.75, "end": 2898.91, "word": " might", "probability": 0.9912109375 }, { "start": 2898.91, "end": 2899.05, "word": " look", "probability": 1.0 }, { "start": 2899.05, "end": 2899.21, "word": " like", "probability": 1.0 }, { "start": 2899.21, "end": 2899.45, "word": " this", "probability": 1.0 }, { "start": 2899.45, "end": 2899.59, "word": " in", "probability": 0.99853515625 }, { "start": 2899.59, "end": 2899.83, "word": " 50", "probability": 0.99951171875 }, { "start": 2899.83, "end": 2900.17, "word": " years,", "probability": 1.0 }, { "start": 2900.37, "end": 2900.93, "word": " what", "probability": 1.0 }, { "start": 2900.93, "end": 2901.09, "word": " is", "probability": 1.0 }, { "start": 2901.09, "end": 2901.25, "word": " it", "probability": 1.0 }, { "start": 2901.25, "end": 2901.61, "word": " likely", "probability": 1.0 }, { "start": 2901.61, "end": 2901.79, "word": " going", "probability": 0.97802734375 }, { "start": 2901.79, "end": 2901.81, "word": " to", "probability": 1.0 }, { "start": 2901.81, "end": 2901.95, "word": " look", "probability": 1.0 }, { "start": 2901.95, "end": 2902.13, "word": " like", "probability": 1.0 }, { "start": 2902.13, "end": 2902.23, "word": " at", "probability": 0.99951171875 }, { "start": 2902.23, "end": 2902.31, "word": " the", "probability": 1.0 }, { "start": 2902.31, "end": 2902.61, "word": " halfway", "probability": 1.0 }, { "start": 2902.61, "end": 2903.03, "word": " point?", "probability": 1.0 } ] }, { "start": 2903.17, "end": 2907.95, "text": "What is it going to look like a quarter of the way there? And that starts to inform certain things.", "avg_logprob": -0.13000801434883705, "no_speech_prob": 0.0, "words": [ { "start": 2903.17, "end": 2903.37, "word": " What", "probability": 0.92236328125 }, { "start": 2903.37, "end": 2903.51, "word": " is", "probability": 0.99462890625 }, { "start": 2903.51, "end": 2903.61, "word": " it", "probability": 0.9970703125 }, { "start": 2903.61, "end": 2903.75, "word": " going", "probability": 0.96826171875 }, { "start": 2903.75, "end": 2903.75, "word": " to", "probability": 0.99951171875 }, { "start": 2903.75, "end": 2903.87, "word": " look", "probability": 1.0 }, { "start": 2903.87, "end": 2904.01, "word": " like", "probability": 1.0 }, { "start": 2904.01, "end": 2904.15, "word": " a", "probability": 0.99853515625 }, { "start": 2904.15, "end": 2904.43, "word": " quarter", "probability": 1.0 }, { "start": 2904.43, "end": 2904.61, "word": " of", "probability": 0.99951171875 }, { "start": 2904.61, "end": 2904.63, "word": " the", "probability": 1.0 }, { "start": 2904.63, "end": 2904.77, "word": " way", "probability": 1.0 }, { "start": 2904.77, "end": 2905.11, "word": " there?", "probability": 1.0 }, { "start": 2905.41, "end": 2905.81, "word": " And", "probability": 1.0 }, { "start": 2905.81, "end": 2905.95, "word": " that", "probability": 1.0 }, { "start": 2905.95, "end": 2906.23, "word": " starts", "probability": 1.0 }, { "start": 2906.23, "end": 2906.41, "word": " to", "probability": 1.0 }, { "start": 2906.41, "end": 2907.23, "word": " inform", "probability": 1.0 }, { "start": 2907.23, "end": 2907.55, "word": " certain", "probability": 1.0 }, { "start": 2907.55, "end": 2907.95, "word": " things.", "probability": 1.0 } ] }, { "start": 2908.75, "end": 2913.35, "text": "um and you know i i would separate i mean part of it is just entertainment right so i i previously", "avg_logprob": -0.07354525881337709, "no_speech_prob": 0.0, "words": [ { "start": 2908.75, "end": 2908.75, "word": " um", "probability": 0.049713134765625 }, { "start": 2908.75, "end": 2909.47, "word": " and", "probability": 0.9970703125 }, { "start": 2909.47, "end": 2909.73, "word": " you", "probability": 1.0 }, { "start": 2909.73, "end": 2909.77, "word": " know", "probability": 1.0 }, { "start": 2909.77, "end": 2909.99, "word": " i", "probability": 0.73388671875 }, { "start": 2909.99, "end": 2910.15, "word": " i", "probability": 0.8671875 }, { "start": 2910.15, "end": 2910.29, "word": " would", "probability": 0.9775390625 }, { "start": 2910.29, "end": 2910.53, "word": " separate", "probability": 0.9970703125 }, { "start": 2910.53, "end": 2910.65, "word": " i", "probability": 0.99853515625 }, { "start": 2910.65, "end": 2910.71, "word": " mean", "probability": 1.0 }, { "start": 2910.71, "end": 2911.07, "word": " part", "probability": 1.0 }, { "start": 2911.07, "end": 2911.17, "word": " of", "probability": 1.0 }, { "start": 2911.17, "end": 2911.25, "word": " it", "probability": 1.0 }, { "start": 2911.25, "end": 2911.33, "word": " is", "probability": 1.0 }, { "start": 2911.33, "end": 2911.45, "word": " just", "probability": 1.0 }, { "start": 2911.45, "end": 2911.91, "word": " entertainment", "probability": 1.0 }, { "start": 2911.91, "end": 2912.31, "word": " right", "probability": 1.0 }, { "start": 2912.31, "end": 2912.55, "word": " so", "probability": 1.0 }, { "start": 2912.55, "end": 2912.73, "word": " i", "probability": 1.0 }, { "start": 2912.73, "end": 2912.91, "word": " i", "probability": 0.9970703125 }, { "start": 2912.91, "end": 2913.35, "word": " previously", "probability": 1.0 } ] }, { "start": 2913.35, "end": 2919.97, "text": "wrote broken money that's non-fiction um uh and in this case i for a long time i just had a separate", "avg_logprob": -0.07354525881337709, "no_speech_prob": 0.0, "words": [ { "start": 2913.35, "end": 2913.71, "word": " wrote", "probability": 1.0 }, { "start": 2913.71, "end": 2914.07, "word": " broken", "probability": 0.9990234375 }, { "start": 2914.07, "end": 2914.35, "word": " money", "probability": 0.99951171875 }, { "start": 2914.35, "end": 2914.61, "word": " that's", "probability": 1.0 }, { "start": 2914.61, "end": 2914.79, "word": " non", "probability": 1.0 }, { "start": 2914.79, "end": 2915.17, "word": "-fiction", "probability": 0.99658203125 }, { "start": 2915.17, "end": 2916.19, "word": " um", "probability": 0.998046875 }, { "start": 2916.19, "end": 2916.67, "word": " uh", "probability": 0.85791015625 }, { "start": 2916.67, "end": 2917.11, "word": " and", "probability": 1.0 }, { "start": 2917.11, "end": 2917.29, "word": " in", "probability": 1.0 }, { "start": 2917.29, "end": 2917.45, "word": " this", "probability": 1.0 }, { "start": 2917.45, "end": 2917.75, "word": " case", "probability": 1.0 }, { "start": 2917.75, "end": 2918.05, "word": " i", "probability": 1.0 }, { "start": 2918.05, "end": 2918.55, "word": " for", "probability": 1.0 }, { "start": 2918.55, "end": 2918.71, "word": " a", "probability": 1.0 }, { "start": 2918.71, "end": 2918.87, "word": " long", "probability": 1.0 }, { "start": 2918.87, "end": 2919.13, "word": " time", "probability": 1.0 }, { "start": 2919.13, "end": 2919.29, "word": " i", "probability": 1.0 }, { "start": 2919.29, "end": 2919.39, "word": " just", "probability": 1.0 }, { "start": 2919.39, "end": 2919.51, "word": " had", "probability": 1.0 }, { "start": 2919.51, "end": 2919.63, "word": " a", "probability": 1.0 }, { "start": 2919.63, "end": 2919.97, "word": " separate", "probability": 1.0 } ] }, { "start": 2919.97, "end": 2925.11, "text": "interest you know we all need hobbies and i had a separate interest and just certain uh narratives", "avg_logprob": -0.07354525881337709, "no_speech_prob": 0.0, "words": [ { "start": 2919.97, "end": 2920.37, "word": " interest", "probability": 1.0 }, { "start": 2920.37, "end": 2920.79, "word": " you", "probability": 1.0 }, { "start": 2920.79, "end": 2920.85, "word": " know", "probability": 1.0 }, { "start": 2920.85, "end": 2920.99, "word": " we", "probability": 1.0 }, { "start": 2920.99, "end": 2921.09, "word": " all", "probability": 1.0 }, { "start": 2921.09, "end": 2921.21, "word": " need", "probability": 0.99951171875 }, { "start": 2921.21, "end": 2921.59, "word": " hobbies", "probability": 1.0 }, { "start": 2921.59, "end": 2921.77, "word": " and", "probability": 1.0 }, { "start": 2921.77, "end": 2921.83, "word": " i", "probability": 1.0 }, { "start": 2921.83, "end": 2921.91, "word": " had", "probability": 1.0 }, { "start": 2921.91, "end": 2922.03, "word": " a", "probability": 0.99951171875 }, { "start": 2922.03, "end": 2922.33, "word": " separate", "probability": 1.0 }, { "start": 2922.33, "end": 2922.67, "word": " interest", "probability": 1.0 }, { "start": 2922.67, "end": 2922.93, "word": " and", "probability": 0.51171875 }, { "start": 2922.93, "end": 2923.13, "word": " just", "probability": 1.0 }, { "start": 2923.13, "end": 2924.17, "word": " certain", "probability": 1.0 }, { "start": 2924.17, "end": 2924.47, "word": " uh", "probability": 0.99658203125 }, { "start": 2924.47, "end": 2925.11, "word": " narratives", "probability": 1.0 } ] }, { "start": 2925.11, "end": 2931.61, "text": "certain um concepts that i thought would just be fun to explore uh and so unlike a lot of like sci-fi", "avg_logprob": -0.07354525881337709, "no_speech_prob": 0.0, "words": [ { "start": 2925.11, "end": 2925.67, "word": " certain", "probability": 1.0 }, { "start": 2925.67, "end": 2926.15, "word": " um", "probability": 0.9990234375 }, { "start": 2926.15, "end": 2927.21, "word": " concepts", "probability": 1.0 }, { "start": 2927.21, "end": 2927.55, "word": " that", "probability": 1.0 }, { "start": 2927.55, "end": 2927.65, "word": " i", "probability": 0.99951171875 }, { "start": 2927.65, "end": 2927.79, "word": " thought", "probability": 0.99951171875 }, { "start": 2927.79, "end": 2927.91, "word": " would", "probability": 1.0 }, { "start": 2927.91, "end": 2928.01, "word": " just", "probability": 0.99951171875 }, { "start": 2928.01, "end": 2928.13, "word": " be", "probability": 1.0 }, { "start": 2928.13, "end": 2928.35, "word": " fun", "probability": 1.0 }, { "start": 2928.35, "end": 2928.51, "word": " to", "probability": 1.0 }, { "start": 2928.51, "end": 2928.99, "word": " explore", "probability": 0.99951171875 }, { "start": 2928.99, "end": 2929.77, "word": " uh", "probability": 0.9814453125 }, { "start": 2929.77, "end": 2930.19, "word": " and", "probability": 1.0 }, { "start": 2930.19, "end": 2930.33, "word": " so", "probability": 1.0 }, { "start": 2930.33, "end": 2930.61, "word": " unlike", "probability": 0.99951171875 }, { "start": 2930.61, "end": 2930.77, "word": " a", "probability": 1.0 }, { "start": 2930.77, "end": 2930.85, "word": " lot", "probability": 0.9970703125 }, { "start": 2930.85, "end": 2930.95, "word": " of", "probability": 0.994140625 }, { "start": 2930.95, "end": 2931.19, "word": " like", "probability": 0.9990234375 }, { "start": 2931.19, "end": 2931.43, "word": " sci", "probability": 0.9990234375 }, { "start": 2931.43, "end": 2931.61, "word": "-fi", "probability": 0.99951171875 } ] }, { "start": 2931.61, "end": 2937.45, "text": "sometimes is uh described as kind of like tech focused or idea focused and is usually weaker on", "avg_logprob": -0.07354525881337709, "no_speech_prob": 0.0, "words": [ { "start": 2931.61, "end": 2932.09, "word": " sometimes", "probability": 0.99951171875 }, { "start": 2932.09, "end": 2932.55, "word": " is", "probability": 1.0 }, { "start": 2932.55, "end": 2932.91, "word": " uh", "probability": 0.6416015625 }, { "start": 2932.91, "end": 2933.35, "word": " described", "probability": 0.9990234375 }, { "start": 2933.35, "end": 2933.59, "word": " as", "probability": 0.9990234375 }, { "start": 2933.59, "end": 2933.75, "word": " kind", "probability": 1.0 }, { "start": 2933.75, "end": 2933.83, "word": " of", "probability": 0.9990234375 }, { "start": 2933.83, "end": 2933.97, "word": " like", "probability": 0.9990234375 }, { "start": 2933.97, "end": 2934.41, "word": " tech", "probability": 0.9990234375 }, { "start": 2934.41, "end": 2934.95, "word": " focused", "probability": 0.98046875 }, { "start": 2934.95, "end": 2935.41, "word": " or", "probability": 1.0 }, { "start": 2935.41, "end": 2935.85, "word": " idea", "probability": 0.99951171875 }, { "start": 2935.85, "end": 2936.29, "word": " focused", "probability": 0.9990234375 }, { "start": 2936.29, "end": 2936.53, "word": " and", "probability": 1.0 }, { "start": 2936.53, "end": 2936.69, "word": " is", "probability": 0.9990234375 }, { "start": 2936.69, "end": 2936.97, "word": " usually", "probability": 0.998046875 }, { "start": 2936.97, "end": 2937.29, "word": " weaker", "probability": 0.953125 }, { "start": 2937.29, "end": 2937.45, "word": " on", "probability": 0.99951171875 } ] }, { "start": 2937.45, "end": 2942.35, "text": "character whereas i i generally actually wrote more toward character driven sci-fi so it's more", "avg_logprob": -0.06173270009458065, "no_speech_prob": 0.0, "words": [ { "start": 2937.45, "end": 2937.87, "word": " character", "probability": 0.951171875 }, { "start": 2937.87, "end": 2938.61, "word": " whereas", "probability": 0.318359375 }, { "start": 2938.61, "end": 2938.87, "word": " i", "probability": 0.71435546875 }, { "start": 2938.87, "end": 2939.05, "word": " i", "probability": 0.9228515625 }, { "start": 2939.05, "end": 2939.27, "word": " generally", "probability": 0.96923828125 }, { "start": 2939.27, "end": 2939.53, "word": " actually", "probability": 1.0 }, { "start": 2939.53, "end": 2939.83, "word": " wrote", "probability": 1.0 }, { "start": 2939.83, "end": 2940.07, "word": " more", "probability": 1.0 }, { "start": 2940.07, "end": 2940.31, "word": " toward", "probability": 0.98388671875 }, { "start": 2940.31, "end": 2940.79, "word": " character", "probability": 1.0 }, { "start": 2940.79, "end": 2941.21, "word": " driven", "probability": 0.77685546875 }, { "start": 2941.21, "end": 2941.51, "word": " sci", "probability": 0.9970703125 }, { "start": 2941.51, "end": 2941.69, "word": "-fi", "probability": 0.99755859375 }, { "start": 2941.69, "end": 2941.89, "word": " so", "probability": 0.99853515625 }, { "start": 2941.89, "end": 2942.17, "word": " it's", "probability": 1.0 }, { "start": 2942.17, "end": 2942.35, "word": " more", "probability": 0.83544921875 } ] }, { "start": 2942.35, "end": 2947.69, "text": "about the characters and what they're going through than the tech um and so it's more like", "avg_logprob": -0.06173270009458065, "no_speech_prob": 0.0, "words": [ { "start": 2942.35, "end": 2942.55, "word": " about", "probability": 1.0 }, { "start": 2942.55, "end": 2942.73, "word": " the", "probability": 0.99951171875 }, { "start": 2942.73, "end": 2943.33, "word": " characters", "probability": 0.99951171875 }, { "start": 2943.33, "end": 2943.57, "word": " and", "probability": 1.0 }, { "start": 2943.57, "end": 2943.69, "word": " what", "probability": 1.0 }, { "start": 2943.69, "end": 2943.87, "word": " they're", "probability": 1.0 }, { "start": 2943.87, "end": 2944.09, "word": " going", "probability": 1.0 }, { "start": 2944.09, "end": 2944.35, "word": " through", "probability": 1.0 }, { "start": 2944.35, "end": 2944.57, "word": " than", "probability": 0.99609375 }, { "start": 2944.57, "end": 2944.71, "word": " the", "probability": 1.0 }, { "start": 2944.71, "end": 2945.03, "word": " tech", "probability": 0.99951171875 }, { "start": 2945.03, "end": 2946.01, "word": " um", "probability": 0.951171875 }, { "start": 2946.01, "end": 2947.05, "word": " and", "probability": 1.0 }, { "start": 2947.05, "end": 2947.23, "word": " so", "probability": 1.0 }, { "start": 2947.23, "end": 2947.39, "word": " it's", "probability": 0.994873046875 }, { "start": 2947.39, "end": 2947.53, "word": " more", "probability": 1.0 }, { "start": 2947.53, "end": 2947.69, "word": " like", "probability": 1.0 } ] }, { "start": 2947.69, "end": 2952.95, "text": "it was a fun thing to work on but in that world i did i did try to put realism as okay what is", "avg_logprob": -0.06173270009458065, "no_speech_prob": 0.0, "words": [ { "start": 2947.69, "end": 2947.91, "word": " it", "probability": 0.60302734375 }, { "start": 2947.91, "end": 2948.05, "word": " was", "probability": 0.99755859375 }, { "start": 2948.05, "end": 2948.15, "word": " a", "probability": 1.0 }, { "start": 2948.15, "end": 2948.55, "word": " fun", "probability": 1.0 }, { "start": 2948.55, "end": 2948.71, "word": " thing", "probability": 1.0 }, { "start": 2948.71, "end": 2948.85, "word": " to", "probability": 1.0 }, { "start": 2948.85, "end": 2949.09, "word": " work", "probability": 1.0 }, { "start": 2949.09, "end": 2949.31, "word": " on", "probability": 0.99951171875 }, { "start": 2949.31, "end": 2949.59, "word": " but", "probability": 1.0 }, { "start": 2949.59, "end": 2950.21, "word": " in", "probability": 1.0 }, { "start": 2950.21, "end": 2950.41, "word": " that", "probability": 1.0 }, { "start": 2950.41, "end": 2950.73, "word": " world", "probability": 1.0 }, { "start": 2950.73, "end": 2950.95, "word": " i", "probability": 0.99951171875 }, { "start": 2950.95, "end": 2951.09, "word": " did", "probability": 0.97802734375 }, { "start": 2951.09, "end": 2951.19, "word": " i", "probability": 0.95849609375 }, { "start": 2951.19, "end": 2951.37, "word": " did", "probability": 1.0 }, { "start": 2951.37, "end": 2951.55, "word": " try", "probability": 1.0 }, { "start": 2951.55, "end": 2951.67, "word": " to", "probability": 1.0 }, { "start": 2951.67, "end": 2951.85, "word": " put", "probability": 0.99951171875 }, { "start": 2951.85, "end": 2952.19, "word": " realism", "probability": 0.95751953125 }, { "start": 2952.19, "end": 2952.35, "word": " as", "probability": 0.63134765625 }, { "start": 2952.35, "end": 2952.53, "word": " okay", "probability": 0.9658203125 }, { "start": 2952.53, "end": 2952.77, "word": " what", "probability": 1.0 }, { "start": 2952.77, "end": 2952.95, "word": " is", "probability": 0.99951171875 } ] }, { "start": 2952.95, "end": 2958.29, "text": "what is tech going to look like and call it you know 45 or 50 years what what are political", "avg_logprob": -0.06173270009458065, "no_speech_prob": 0.0, "words": [ { "start": 2952.95, "end": 2953.25, "word": " what", "probability": 0.99951171875 }, { "start": 2953.25, "end": 2953.51, "word": " is", "probability": 0.9990234375 }, { "start": 2953.51, "end": 2953.93, "word": " tech", "probability": 0.99853515625 }, { "start": 2953.93, "end": 2954.09, "word": " going", "probability": 0.947265625 }, { "start": 2954.09, "end": 2954.17, "word": " to", "probability": 1.0 }, { "start": 2954.17, "end": 2954.33, "word": " look", "probability": 0.99951171875 }, { "start": 2954.33, "end": 2954.61, "word": " like", "probability": 0.99951171875 }, { "start": 2954.61, "end": 2954.81, "word": " and", "probability": 0.95458984375 }, { "start": 2954.81, "end": 2955.23, "word": " call", "probability": 0.97216796875 }, { "start": 2955.23, "end": 2955.39, "word": " it", "probability": 1.0 }, { "start": 2955.39, "end": 2955.85, "word": " you", "probability": 0.9990234375 }, { "start": 2955.85, "end": 2955.93, "word": " know", "probability": 1.0 }, { "start": 2955.93, "end": 2956.27, "word": " 45", "probability": 0.99853515625 }, { "start": 2956.27, "end": 2956.53, "word": " or", "probability": 1.0 }, { "start": 2956.53, "end": 2956.75, "word": " 50", "probability": 1.0 }, { "start": 2956.75, "end": 2957.07, "word": " years", "probability": 1.0 }, { "start": 2957.07, "end": 2957.69, "word": " what", "probability": 1.0 }, { "start": 2957.69, "end": 2957.89, "word": " what", "probability": 0.83447265625 }, { "start": 2957.89, "end": 2957.99, "word": " are", "probability": 0.5732421875 }, { "start": 2957.99, "end": 2958.29, "word": " political", "probability": 0.99951171875 } ] }, { "start": 2958.29, "end": 2964.13, "text": "structures are likely going to still be relevant or have changed um and then of course i threw in", "avg_logprob": -0.06173270009458065, "no_speech_prob": 0.0, "words": [ { "start": 2958.29, "end": 2958.73, "word": " structures", "probability": 1.0 }, { "start": 2958.73, "end": 2959.09, "word": " are", "probability": 1.0 }, { "start": 2959.09, "end": 2959.41, "word": " likely", "probability": 1.0 }, { "start": 2959.41, "end": 2959.57, "word": " going", "probability": 0.9970703125 }, { "start": 2959.57, "end": 2959.65, "word": " to", "probability": 1.0 }, { "start": 2959.65, "end": 2959.99, "word": " still", "probability": 0.99951171875 }, { "start": 2959.99, "end": 2960.33, "word": " be", "probability": 1.0 }, { "start": 2960.33, "end": 2960.63, "word": " relevant", "probability": 0.99951171875 }, { "start": 2960.63, "end": 2960.83, "word": " or", "probability": 1.0 }, { "start": 2960.83, "end": 2961.29, "word": " have", "probability": 0.97802734375 }, { "start": 2961.29, "end": 2961.83, "word": " changed", "probability": 0.99951171875 }, { "start": 2961.83, "end": 2962.51, "word": " um", "probability": 0.986328125 }, { "start": 2962.51, "end": 2963.11, "word": " and", "probability": 1.0 }, { "start": 2963.11, "end": 2963.21, "word": " then", "probability": 1.0 }, { "start": 2963.21, "end": 2963.41, "word": " of", "probability": 0.99609375 }, { "start": 2963.41, "end": 2963.51, "word": " course", "probability": 0.99951171875 }, { "start": 2963.51, "end": 2963.73, "word": " i", "probability": 0.9990234375 }, { "start": 2963.73, "end": 2963.99, "word": " threw", "probability": 0.6689453125 }, { "start": 2963.99, "end": 2964.13, "word": " in", "probability": 0.99951171875 } ] }, { "start": 2964.13, "end": 2968.73, "text": "some fantastical elements that are just, you know, on their own. But outside of like those", "avg_logprob": -0.08946572612690669, "no_speech_prob": 0.0, "words": [ { "start": 2964.13, "end": 2964.25, "word": " some", "probability": 0.7958984375 }, { "start": 2964.25, "end": 2964.95, "word": " fantastical", "probability": 0.999267578125 }, { "start": 2964.95, "end": 2965.35, "word": " elements", "probability": 1.0 }, { "start": 2965.35, "end": 2965.57, "word": " that", "probability": 0.9990234375 }, { "start": 2965.57, "end": 2965.67, "word": " are", "probability": 1.0 }, { "start": 2965.67, "end": 2965.87, "word": " just,", "probability": 0.99658203125 }, { "start": 2965.95, "end": 2966.09, "word": " you", "probability": 0.99365234375 }, { "start": 2966.09, "end": 2966.17, "word": " know,", "probability": 1.0 }, { "start": 2966.33, "end": 2966.53, "word": " on", "probability": 0.99951171875 }, { "start": 2966.53, "end": 2966.67, "word": " their", "probability": 1.0 }, { "start": 2966.67, "end": 2966.97, "word": " own.", "probability": 1.0 }, { "start": 2967.11, "end": 2967.53, "word": " But", "probability": 0.99951171875 }, { "start": 2967.53, "end": 2968.15, "word": " outside", "probability": 0.98388671875 }, { "start": 2968.15, "end": 2968.41, "word": " of", "probability": 1.0 }, { "start": 2968.41, "end": 2968.51, "word": " like", "probability": 0.5615234375 }, { "start": 2968.51, "end": 2968.73, "word": " those", "probability": 0.97802734375 } ] }, { "start": 2968.73, "end": 2976.15, "text": "specific categories for the plot and for fun, I did try to make that background context what I", "avg_logprob": -0.08946572612690669, "no_speech_prob": 0.0, "words": [ { "start": 2968.73, "end": 2969.11, "word": " specific", "probability": 1.0 }, { "start": 2969.11, "end": 2969.75, "word": " categories", "probability": 1.0 }, { "start": 2969.75, "end": 2970.11, "word": " for", "probability": 0.984375 }, { "start": 2970.11, "end": 2970.39, "word": " the", "probability": 0.9482421875 }, { "start": 2970.39, "end": 2970.69, "word": " plot", "probability": 1.0 }, { "start": 2970.69, "end": 2970.81, "word": " and", "probability": 0.9990234375 }, { "start": 2970.81, "end": 2970.95, "word": " for", "probability": 1.0 }, { "start": 2970.95, "end": 2971.33, "word": " fun,", "probability": 1.0 }, { "start": 2971.61, "end": 2971.97, "word": " I", "probability": 1.0 }, { "start": 2971.97, "end": 2972.11, "word": " did", "probability": 0.99951171875 }, { "start": 2972.11, "end": 2972.25, "word": " try", "probability": 1.0 }, { "start": 2972.25, "end": 2972.35, "word": " to", "probability": 1.0 }, { "start": 2972.35, "end": 2972.47, "word": " make", "probability": 0.99951171875 }, { "start": 2972.47, "end": 2972.65, "word": " that", "probability": 1.0 }, { "start": 2972.65, "end": 2973.19, "word": " background", "probability": 1.0 }, { "start": 2973.19, "end": 2974.09, "word": " context", "probability": 0.9853515625 }, { "start": 2974.09, "end": 2976.03, "word": " what", "probability": 0.68994140625 }, { "start": 2976.03, "end": 2976.15, "word": " I", "probability": 1.0 } ] }, { "start": 2976.15, "end": 2982.03, "text": "think is somewhat reasonable and to go from there. Yeah, that makes sense. And I find it so", "avg_logprob": -0.08946572612690669, "no_speech_prob": 0.0, "words": [ { "start": 2976.15, "end": 2976.33, "word": " think", "probability": 1.0 }, { "start": 2976.33, "end": 2976.47, "word": " is", "probability": 1.0 }, { "start": 2976.47, "end": 2977.01, "word": " somewhat", "probability": 0.9921875 }, { "start": 2977.01, "end": 2977.57, "word": " reasonable", "probability": 1.0 }, { "start": 2977.57, "end": 2978.59, "word": " and", "probability": 0.9560546875 }, { "start": 2978.59, "end": 2978.79, "word": " to", "probability": 1.0 }, { "start": 2978.79, "end": 2978.93, "word": " go", "probability": 1.0 }, { "start": 2978.93, "end": 2979.09, "word": " from", "probability": 1.0 }, { "start": 2979.09, "end": 2979.33, "word": " there.", "probability": 1.0 }, { "start": 2979.57, "end": 2979.97, "word": " Yeah,", "probability": 0.99072265625 }, { "start": 2980.37, "end": 2980.71, "word": " that", "probability": 1.0 }, { "start": 2980.71, "end": 2981.15, "word": " makes", "probability": 0.99267578125 }, { "start": 2981.15, "end": 2981.29, "word": " sense.", "probability": 1.0 }, { "start": 2981.33, "end": 2981.43, "word": " And", "probability": 0.99609375 }, { "start": 2981.43, "end": 2981.51, "word": " I", "probability": 1.0 }, { "start": 2981.51, "end": 2981.75, "word": " find", "probability": 1.0 }, { "start": 2981.75, "end": 2981.87, "word": " it", "probability": 1.0 }, { "start": 2981.87, "end": 2982.03, "word": " so", "probability": 1.0 } ] }, { "start": 2982.03, "end": 2988.39, "text": "fascinating. It has to kind of be where your mind goes, even if you're not really conscious of it.", "avg_logprob": -0.08946572612690669, "no_speech_prob": 0.0, "words": [ { "start": 2982.03, "end": 2982.45, "word": " fascinating.", "probability": 1.0 }, { "start": 2982.61, "end": 2982.67, "word": " It", "probability": 0.99951171875 }, { "start": 2982.67, "end": 2982.93, "word": " has", "probability": 1.0 }, { "start": 2982.93, "end": 2983.09, "word": " to", "probability": 1.0 }, { "start": 2983.09, "end": 2983.35, "word": " kind", "probability": 1.0 }, { "start": 2983.35, "end": 2983.57, "word": " of", "probability": 1.0 }, { "start": 2983.57, "end": 2983.97, "word": " be", "probability": 1.0 }, { "start": 2983.97, "end": 2984.89, "word": " where", "probability": 1.0 }, { "start": 2984.89, "end": 2985.15, "word": " your", "probability": 1.0 }, { "start": 2985.15, "end": 2985.55, "word": " mind", "probability": 1.0 }, { "start": 2985.55, "end": 2985.95, "word": " goes,", "probability": 1.0 }, { "start": 2985.99, "end": 2986.27, "word": " even", "probability": 1.0 }, { "start": 2986.27, "end": 2986.45, "word": " if", "probability": 1.0 }, { "start": 2986.45, "end": 2986.63, "word": " you're", "probability": 1.0 }, { "start": 2986.63, "end": 2987.05, "word": " not", "probability": 1.0 }, { "start": 2987.05, "end": 2987.51, "word": " really", "probability": 1.0 }, { "start": 2987.51, "end": 2987.97, "word": " conscious", "probability": 1.0 }, { "start": 2987.97, "end": 2988.29, "word": " of", "probability": 1.0 }, { "start": 2988.29, "end": 2988.39, "word": " it.", "probability": 1.0 } ] }, { "start": 2988.39, "end": 2991.49, "text": "If you're living in that sort of decade experience,", "avg_logprob": -0.2305963989955927, "no_speech_prob": 0.0, "words": [ { "start": 2988.39, "end": 2988.53, "word": " If", "probability": 0.344482421875 }, { "start": 2988.53, "end": 2988.89, "word": " you're", "probability": 0.92578125 }, { "start": 2988.89, "end": 2989.17, "word": " living", "probability": 0.99658203125 }, { "start": 2989.17, "end": 2989.35, "word": " in", "probability": 0.998046875 }, { "start": 2989.35, "end": 2989.59, "word": " that", "probability": 0.99755859375 }, { "start": 2989.59, "end": 2989.97, "word": " sort", "probability": 0.7900390625 }, { "start": 2989.97, "end": 2990.09, "word": " of", "probability": 0.998046875 }, { "start": 2990.09, "end": 2990.55, "word": " decade", "probability": 0.9970703125 }, { "start": 2990.55, "end": 2991.49, "word": " experience,", "probability": 0.978515625 } ] }, { "start": 2991.81, "end": 2994.07, "text": "I think that's, I think it's natural", "avg_logprob": -0.2305963989955927, "no_speech_prob": 0.0, "words": [ { "start": 2991.81, "end": 2991.89, "word": " I", "probability": 0.9970703125 }, { "start": 2991.89, "end": 2992.07, "word": " think", "probability": 0.99951171875 }, { "start": 2992.07, "end": 2992.49, "word": " that's,", "probability": 0.726806640625 }, { "start": 2992.59, "end": 2993.11, "word": " I", "probability": 0.98583984375 }, { "start": 2993.11, "end": 2993.29, "word": " think", "probability": 0.99951171875 }, { "start": 2993.29, "end": 2993.53, "word": " it's", "probability": 0.9951171875 }, { "start": 2993.53, "end": 2994.07, "word": " natural", "probability": 0.9990234375 } ] }, { "start": 2994.07, "end": 2997.63, "text": "that it would be where you speculate things might go, you know?", "avg_logprob": -0.2305963989955927, "no_speech_prob": 0.0, "words": [ { "start": 2994.07, "end": 2994.35, "word": " that", "probability": 0.9931640625 }, { "start": 2994.35, "end": 2994.45, "word": " it", "probability": 0.9970703125 }, { "start": 2994.45, "end": 2994.57, "word": " would", "probability": 0.998046875 }, { "start": 2994.57, "end": 2994.73, "word": " be", "probability": 0.99951171875 }, { "start": 2994.73, "end": 2995.13, "word": " where", "probability": 0.99853515625 }, { "start": 2995.13, "end": 2995.61, "word": " you", "probability": 0.99853515625 }, { "start": 2995.61, "end": 2996.23, "word": " speculate", "probability": 0.99853515625 }, { "start": 2996.23, "end": 2996.59, "word": " things", "probability": 0.9970703125 }, { "start": 2996.59, "end": 2996.87, "word": " might", "probability": 0.99951171875 }, { "start": 2996.87, "end": 2997.21, "word": " go,", "probability": 0.99951171875 }, { "start": 2997.37, "end": 2997.45, "word": " you", "probability": 0.9951171875 }, { "start": 2997.45, "end": 2997.63, "word": " know?", "probability": 0.99951171875 } ] }, { "start": 2997.79, "end": 3000.09, "text": "I thought, I'm really interested in this at the moment", "avg_logprob": -0.2305963989955927, "no_speech_prob": 0.0, "words": [ { "start": 2997.79, "end": 2998.03, "word": " I", "probability": 0.99609375 }, { "start": 2998.03, "end": 2998.19, "word": " thought,", "probability": 0.496337890625 }, { "start": 2998.27, "end": 2998.79, "word": " I'm", "probability": 0.975830078125 }, { "start": 2998.79, "end": 2998.97, "word": " really", "probability": 0.97216796875 }, { "start": 2998.97, "end": 2999.35, "word": " interested", "probability": 0.998046875 }, { "start": 2999.35, "end": 2999.55, "word": " in", "probability": 0.99755859375 }, { "start": 2999.55, "end": 2999.67, "word": " this", "probability": 0.99853515625 }, { "start": 2999.67, "end": 2999.79, "word": " at", "probability": 0.99462890625 }, { "start": 2999.79, "end": 2999.87, "word": " the", "probability": 0.9990234375 }, { "start": 2999.87, "end": 3000.09, "word": " moment", "probability": 0.99951171875 } ] }, { "start": 3000.09, "end": 3001.69, "text": "because I, I mean, I joked about feeling", "avg_logprob": -0.2305963989955927, "no_speech_prob": 0.0, "words": [ { "start": 3000.09, "end": 3000.45, "word": " because", "probability": 0.75830078125 }, { "start": 3000.45, "end": 3000.71, "word": " I,", "probability": 0.7021484375 }, { "start": 3000.71, "end": 3000.87, "word": " I", "probability": 0.98388671875 }, { "start": 3000.87, "end": 3000.91, "word": " mean,", "probability": 0.890625 }, { "start": 3000.95, "end": 3000.99, "word": " I", "probability": 0.98046875 }, { "start": 3000.99, "end": 3001.21, "word": " joked", "probability": 0.99755859375 }, { "start": 3001.21, "end": 3001.39, "word": " about", "probability": 0.9990234375 }, { "start": 3001.39, "end": 3001.69, "word": " feeling", "probability": 0.99755859375 } ] }, { "start": 3001.69, "end": 3002.87, "text": "like we're all in a sci-fi movie,", "avg_logprob": -0.2305963989955927, "no_speech_prob": 0.0, "words": [ { "start": 3001.69, "end": 3001.85, "word": " like", "probability": 0.99560546875 }, { "start": 3001.85, "end": 3001.99, "word": " we're", "probability": 0.99609375 }, { "start": 3001.99, "end": 3002.09, "word": " all", "probability": 0.99462890625 }, { "start": 3002.09, "end": 3002.17, "word": " in", "probability": 0.98876953125 }, { "start": 3002.17, "end": 3002.23, "word": " a", "probability": 0.9912109375 }, { "start": 3002.23, "end": 3002.41, "word": " sci", "probability": 0.98193359375 }, { "start": 3002.41, "end": 3002.57, "word": "-fi", "probability": 0.98876953125 }, { "start": 3002.57, "end": 3002.87, "word": " movie,", "probability": 0.99951171875 } ] }, { "start": 3003.01, "end": 3005.97, "text": "but I, with my friends, have said recently, like,", "avg_logprob": -0.2305963989955927, "no_speech_prob": 0.0, "words": [ { "start": 3003.01, "end": 3003.33, "word": " but", "probability": 0.9990234375 }, { "start": 3003.33, "end": 3003.49, "word": " I,", "probability": 0.99267578125 }, { "start": 3003.67, "end": 3003.79, "word": " with", "probability": 0.99951171875 }, { "start": 3003.79, "end": 3003.97, "word": " my", "probability": 0.99951171875 }, { "start": 3003.97, "end": 3004.37, "word": " friends,", "probability": 0.99951171875 }, { "start": 3004.53, "end": 3004.67, "word": " have", "probability": 0.99755859375 }, { "start": 3004.67, "end": 3005.21, "word": " said", "probability": 0.82861328125 }, { "start": 3005.21, "end": 3005.71, "word": " recently,", "probability": 0.9990234375 }, { "start": 3005.89, "end": 3005.97, "word": " like,", "probability": 0.9853515625 } ] }, { "start": 3006.39, "end": 3008.45, "text": "how did they get it so right?", "avg_logprob": -0.2305963989955927, "no_speech_prob": 0.0, "words": [ { "start": 3006.39, "end": 3006.79, "word": " how", "probability": 0.896484375 }, { "start": 3006.79, "end": 3007.09, "word": " did", "probability": 0.99951171875 }, { "start": 3007.09, "end": 3007.25, "word": " they", "probability": 1.0 }, { "start": 3007.25, "end": 3007.49, "word": " get", "probability": 1.0 }, { "start": 3007.49, "end": 3007.63, "word": " it", "probability": 0.99951171875 }, { "start": 3007.63, "end": 3007.91, "word": " so", "probability": 0.99609375 }, { "start": 3007.91, "end": 3008.45, "word": " right?", "probability": 0.99951171875 } ] }, { "start": 3008.65, "end": 3010.35, "text": "Like, are they just seeing the future", "avg_logprob": -0.2305963989955927, "no_speech_prob": 0.0, "words": [ { "start": 3008.65, "end": 3008.87, "word": " Like,", "probability": 0.9873046875 }, { "start": 3008.91, "end": 3009.09, "word": " are", "probability": 0.99951171875 }, { "start": 3009.09, "end": 3009.33, "word": " they", "probability": 1.0 }, { "start": 3009.33, "end": 3009.61, "word": " just", "probability": 1.0 }, { "start": 3009.61, "end": 3009.85, "word": " seeing", "probability": 0.9990234375 }, { "start": 3009.85, "end": 3009.99, "word": " the", "probability": 0.99951171875 }, { "start": 3009.99, "end": 3010.35, "word": " future", "probability": 1.0 } ] }, { "start": 3010.35, "end": 3012.43, "text": "or, you know, folks in that genre?", "avg_logprob": -0.2305963989955927, "no_speech_prob": 0.0, "words": [ { "start": 3010.35, "end": 3010.83, "word": " or,", "probability": 0.84814453125 }, { "start": 3011.03, "end": 3011.49, "word": " you", "probability": 0.99951171875 }, { "start": 3011.49, "end": 3011.55, "word": " know,", "probability": 1.0 }, { "start": 3011.61, "end": 3011.85, "word": " folks", "probability": 0.9990234375 }, { "start": 3011.85, "end": 3011.97, "word": " in", "probability": 1.0 }, { "start": 3011.97, "end": 3012.09, "word": " that", "probability": 0.99951171875 }, { "start": 3012.09, "end": 3012.43, "word": " genre?", "probability": 1.0 } ] }, { "start": 3012.43, "end": 3015.23, "text": "Or are we sort of mapping out the future", "avg_logprob": -0.2305963989955927, "no_speech_prob": 0.0, "words": [ { "start": 3012.43, "end": 3012.79, "word": " Or", "probability": 0.9990234375 }, { "start": 3012.79, "end": 3013.05, "word": " are", "probability": 0.9921875 }, { "start": 3013.05, "end": 3013.41, "word": " we", "probability": 1.0 }, { "start": 3013.41, "end": 3013.91, "word": " sort", "probability": 0.9970703125 }, { "start": 3013.91, "end": 3014.03, "word": " of", "probability": 1.0 }, { "start": 3014.03, "end": 3014.49, "word": " mapping", "probability": 1.0 }, { "start": 3014.49, "end": 3014.79, "word": " out", "probability": 1.0 }, { "start": 3014.79, "end": 3014.95, "word": " the", "probability": 1.0 }, { "start": 3014.95, "end": 3015.23, "word": " future", "probability": 1.0 } ] }, { "start": 3015.23, "end": 3016.85, "text": "based on what we've read, you know?", "avg_logprob": -0.2305963989955927, "no_speech_prob": 0.0, "words": [ { "start": 3015.23, "end": 3015.59, "word": " based", "probability": 0.99951171875 }, { "start": 3015.59, "end": 3015.77, "word": " on", "probability": 1.0 }, { "start": 3015.77, "end": 3015.97, "word": " what", "probability": 1.0 }, { "start": 3015.97, "end": 3016.21, "word": " we've", "probability": 1.0 }, { "start": 3016.21, "end": 3016.51, "word": " read,", "probability": 1.0 }, { "start": 3016.65, "end": 3016.73, "word": " you", "probability": 0.9990234375 }, { "start": 3016.73, "end": 3016.85, "word": " know?", "probability": 0.99951171875 } ] }, { "start": 3016.85, "end": 3022.29, "text": "it's sort of a really interesting kind of chicken and egg situation that feels very relevant right", "avg_logprob": -0.060574384904663325, "no_speech_prob": 0.0, "words": [ { "start": 3016.85, "end": 3017.09, "word": " it's", "probability": 0.637451171875 }, { "start": 3017.09, "end": 3017.21, "word": " sort", "probability": 0.92822265625 }, { "start": 3017.21, "end": 3017.31, "word": " of", "probability": 0.9990234375 }, { "start": 3017.31, "end": 3017.61, "word": " a", "probability": 0.99560546875 }, { "start": 3017.61, "end": 3017.97, "word": " really", "probability": 0.98388671875 }, { "start": 3017.97, "end": 3018.41, "word": " interesting", "probability": 0.99951171875 }, { "start": 3018.41, "end": 3018.69, "word": " kind", "probability": 0.943359375 }, { "start": 3018.69, "end": 3018.83, "word": " of", "probability": 0.9990234375 }, { "start": 3018.83, "end": 3019.43, "word": " chicken", "probability": 0.9921875 }, { "start": 3019.43, "end": 3019.61, "word": " and", "probability": 0.8642578125 }, { "start": 3019.61, "end": 3019.89, "word": " egg", "probability": 0.998046875 }, { "start": 3019.89, "end": 3020.31, "word": " situation", "probability": 0.99951171875 }, { "start": 3020.31, "end": 3020.65, "word": " that", "probability": 0.99072265625 }, { "start": 3020.65, "end": 3020.91, "word": " feels", "probability": 0.99951171875 }, { "start": 3020.91, "end": 3021.49, "word": " very", "probability": 0.99951171875 }, { "start": 3021.49, "end": 3022.07, "word": " relevant", "probability": 0.99951171875 }, { "start": 3022.07, "end": 3022.29, "word": " right", "probability": 0.9951171875 } ] }, { "start": 3022.29, "end": 3026.97, "text": "now. I don't know. Do you feel that when you see these headlines? I do. And one of the jokes I've", "avg_logprob": -0.060574384904663325, "no_speech_prob": 0.0, "words": [ { "start": 3022.29, "end": 3022.41, "word": " now.", "probability": 0.99951171875 }, { "start": 3022.53, "end": 3022.55, "word": " I", "probability": 0.97705078125 }, { "start": 3022.55, "end": 3022.65, "word": " don't", "probability": 0.998779296875 }, { "start": 3022.65, "end": 3022.73, "word": " know.", "probability": 1.0 }, { "start": 3022.79, "end": 3022.89, "word": " Do", "probability": 0.9990234375 }, { "start": 3022.89, "end": 3023.09, "word": " you", "probability": 1.0 }, { "start": 3023.09, "end": 3023.45, "word": " feel", "probability": 1.0 }, { "start": 3023.45, "end": 3023.69, "word": " that", "probability": 1.0 }, { "start": 3023.69, "end": 3023.87, "word": " when", "probability": 0.9990234375 }, { "start": 3023.87, "end": 3023.97, "word": " you", "probability": 1.0 }, { "start": 3023.97, "end": 3024.13, "word": " see", "probability": 1.0 }, { "start": 3024.13, "end": 3024.33, "word": " these", "probability": 1.0 }, { "start": 3024.33, "end": 3024.67, "word": " headlines?", "probability": 0.99951171875 }, { "start": 3024.95, "end": 3025.23, "word": " I", "probability": 0.96533203125 }, { "start": 3025.23, "end": 3025.61, "word": " do.", "probability": 0.994140625 }, { "start": 3025.73, "end": 3025.79, "word": " And", "probability": 0.98095703125 }, { "start": 3025.79, "end": 3025.93, "word": " one", "probability": 0.99951171875 }, { "start": 3025.93, "end": 3026.01, "word": " of", "probability": 1.0 }, { "start": 3026.01, "end": 3026.11, "word": " the", "probability": 0.99951171875 }, { "start": 3026.11, "end": 3026.69, "word": " jokes", "probability": 0.79541015625 }, { "start": 3026.69, "end": 3026.97, "word": " I've", "probability": 0.99951171875 } ] }, { "start": 3026.97, "end": 3031.61, "text": "made is that I write sci-fi because it feels more normal than reality, which is not how it's", "avg_logprob": -0.060574384904663325, "no_speech_prob": 0.0, "words": [ { "start": 3026.97, "end": 3027.15, "word": " made", "probability": 1.0 }, { "start": 3027.15, "end": 3027.31, "word": " is", "probability": 1.0 }, { "start": 3027.31, "end": 3027.41, "word": " that", "probability": 0.99951171875 }, { "start": 3027.41, "end": 3027.51, "word": " I", "probability": 1.0 }, { "start": 3027.51, "end": 3027.79, "word": " write", "probability": 1.0 }, { "start": 3027.79, "end": 3028.05, "word": " sci", "probability": 0.99560546875 }, { "start": 3028.05, "end": 3028.33, "word": "-fi", "probability": 0.989013671875 }, { "start": 3028.33, "end": 3028.69, "word": " because", "probability": 0.97265625 }, { "start": 3028.69, "end": 3028.85, "word": " it", "probability": 1.0 }, { "start": 3028.85, "end": 3029.05, "word": " feels", "probability": 1.0 }, { "start": 3029.05, "end": 3029.25, "word": " more", "probability": 1.0 }, { "start": 3029.25, "end": 3029.61, "word": " normal", "probability": 1.0 }, { "start": 3029.61, "end": 3029.95, "word": " than", "probability": 0.99951171875 }, { "start": 3029.95, "end": 3030.43, "word": " reality,", "probability": 1.0 }, { "start": 3030.63, "end": 3030.83, "word": " which", "probability": 0.99951171875 }, { "start": 3030.83, "end": 3031.01, "word": " is", "probability": 1.0 }, { "start": 3031.01, "end": 3031.35, "word": " not", "probability": 0.99853515625 }, { "start": 3031.35, "end": 3031.47, "word": " how", "probability": 1.0 }, { "start": 3031.47, "end": 3031.61, "word": " it's", "probability": 1.0 } ] }, { "start": 3031.61, "end": 3036.11, "text": "supposed to be. And some things like all, you know, because even though the book came out", "avg_logprob": -0.060574384904663325, "no_speech_prob": 0.0, "words": [ { "start": 3031.61, "end": 3031.77, "word": " supposed", "probability": 1.0 }, { "start": 3031.77, "end": 3031.91, "word": " to", "probability": 1.0 }, { "start": 3031.91, "end": 3032.09, "word": " be.", "probability": 1.0 }, { "start": 3032.55, "end": 3032.85, "word": " And", "probability": 0.96240234375 }, { "start": 3032.85, "end": 3033.07, "word": " some", "probability": 0.86962890625 }, { "start": 3033.07, "end": 3033.27, "word": " things", "probability": 1.0 }, { "start": 3033.27, "end": 3033.53, "word": " like", "probability": 0.95361328125 }, { "start": 3033.53, "end": 3033.73, "word": " all,", "probability": 0.73193359375 }, { "start": 3033.85, "end": 3033.89, "word": " you", "probability": 0.93798828125 }, { "start": 3033.89, "end": 3033.97, "word": " know,", "probability": 1.0 }, { "start": 3034.19, "end": 3034.31, "word": " because", "probability": 0.98876953125 }, { "start": 3034.31, "end": 3035.07, "word": " even", "probability": 1.0 }, { "start": 3035.07, "end": 3035.21, "word": " though", "probability": 0.99560546875 }, { "start": 3035.21, "end": 3035.31, "word": " the", "probability": 1.0 }, { "start": 3035.31, "end": 3035.49, "word": " book", "probability": 1.0 }, { "start": 3035.49, "end": 3035.77, "word": " came", "probability": 1.0 }, { "start": 3035.77, "end": 3036.11, "word": " out", "probability": 1.0 } ] }, { "start": 3036.11, "end": 3041.35, "text": "earlier this year, I mean, it was in the works for a couple of years and the idea stage goes", "avg_logprob": -0.060574384904663325, "no_speech_prob": 0.0, "words": [ { "start": 3036.11, "end": 3036.67, "word": " earlier", "probability": 0.99462890625 }, { "start": 3036.67, "end": 3036.89, "word": " this", "probability": 1.0 }, { "start": 3036.89, "end": 3037.17, "word": " year,", "probability": 1.0 }, { "start": 3037.39, "end": 3037.41, "word": " I", "probability": 0.9599609375 }, { "start": 3037.41, "end": 3037.45, "word": " mean,", "probability": 0.99951171875 }, { "start": 3037.55, "end": 3037.57, "word": " it", "probability": 0.9990234375 }, { "start": 3037.57, "end": 3037.69, "word": " was", "probability": 1.0 }, { "start": 3037.69, "end": 3037.91, "word": " in", "probability": 1.0 }, { "start": 3037.91, "end": 3038.45, "word": " the", "probability": 0.99951171875 }, { "start": 3038.45, "end": 3038.71, "word": " works", "probability": 0.83251953125 }, { "start": 3038.71, "end": 3038.91, "word": " for", "probability": 1.0 }, { "start": 3038.91, "end": 3039.05, "word": " a", "probability": 1.0 }, { "start": 3039.05, "end": 3039.21, "word": " couple", "probability": 0.9990234375 }, { "start": 3039.21, "end": 3039.35, "word": " of", "probability": 0.79296875 }, { "start": 3039.35, "end": 3039.59, "word": " years", "probability": 1.0 }, { "start": 3039.59, "end": 3039.95, "word": " and", "probability": 0.779296875 }, { "start": 3039.95, "end": 3040.17, "word": " the", "probability": 1.0 }, { "start": 3040.17, "end": 3040.51, "word": " idea", "probability": 0.99951171875 }, { "start": 3040.51, "end": 3040.89, "word": " stage", "probability": 0.6474609375 }, { "start": 3040.89, "end": 3041.35, "word": " goes", "probability": 1.0 } ] }, { "start": 3041.35, "end": 3046.01, "text": "back over a decade. And it's funny because my natural instinct is to kind of tune certain", "avg_logprob": -0.060574384904663325, "no_speech_prob": 0.0, "words": [ { "start": 3041.35, "end": 3041.57, "word": " back", "probability": 1.0 }, { "start": 3041.57, "end": 3041.83, "word": " over", "probability": 1.0 }, { "start": 3041.83, "end": 3041.95, "word": " a", "probability": 1.0 }, { "start": 3041.95, "end": 3042.31, "word": " decade.", "probability": 1.0 }, { "start": 3043.05, "end": 3043.45, "word": " And", "probability": 0.9990234375 }, { "start": 3043.45, "end": 3043.63, "word": " it's", "probability": 1.0 }, { "start": 3043.63, "end": 3043.83, "word": " funny", "probability": 1.0 }, { "start": 3043.83, "end": 3043.97, "word": " because", "probability": 0.98681640625 }, { "start": 3043.97, "end": 3044.17, "word": " my", "probability": 1.0 }, { "start": 3044.17, "end": 3044.53, "word": " natural", "probability": 1.0 }, { "start": 3044.53, "end": 3044.89, "word": " instinct", "probability": 1.0 }, { "start": 3044.89, "end": 3045.09, "word": " is", "probability": 0.99951171875 }, { "start": 3045.09, "end": 3045.21, "word": " to", "probability": 1.0 }, { "start": 3045.21, "end": 3045.33, "word": " kind", "probability": 1.0 }, { "start": 3045.33, "end": 3045.49, "word": " of", "probability": 1.0 }, { "start": 3045.49, "end": 3045.73, "word": " tune", "probability": 1.0 }, { "start": 3045.73, "end": 3046.01, "word": " certain", "probability": 1.0 } ] }, { "start": 3046.01, "end": 3050.23, "text": "things down don't don't exaggerate things and then you get to the present it's like if anything", "avg_logprob": -0.04758522791618651, "no_speech_prob": 0.0, "words": [ { "start": 3046.01, "end": 3046.29, "word": " things", "probability": 0.86328125 }, { "start": 3046.29, "end": 3046.61, "word": " down", "probability": 0.99951171875 }, { "start": 3046.61, "end": 3046.95, "word": " don't", "probability": 0.6810302734375 }, { "start": 3046.95, "end": 3047.15, "word": " don't", "probability": 0.904052734375 }, { "start": 3047.15, "end": 3047.73, "word": " exaggerate", "probability": 0.999755859375 }, { "start": 3047.73, "end": 3048.03, "word": " things", "probability": 1.0 }, { "start": 3048.03, "end": 3048.61, "word": " and", "probability": 0.99462890625 }, { "start": 3048.61, "end": 3048.69, "word": " then", "probability": 0.99853515625 }, { "start": 3048.69, "end": 3048.79, "word": " you", "probability": 0.990234375 }, { "start": 3048.79, "end": 3048.87, "word": " get", "probability": 1.0 }, { "start": 3048.87, "end": 3048.97, "word": " to", "probability": 1.0 }, { "start": 3048.97, "end": 3049.07, "word": " the", "probability": 0.99951171875 }, { "start": 3049.07, "end": 3049.39, "word": " present", "probability": 0.88818359375 }, { "start": 3049.39, "end": 3049.69, "word": " it's", "probability": 0.998291015625 }, { "start": 3049.69, "end": 3049.85, "word": " like", "probability": 0.99853515625 }, { "start": 3049.85, "end": 3050.01, "word": " if", "probability": 0.99853515625 }, { "start": 3050.01, "end": 3050.23, "word": " anything", "probability": 0.99853515625 } ] }, { "start": 3050.23, "end": 3056.01, "text": "i'm under tuning things like i should just i should just be more direct you know um and you", "avg_logprob": -0.04758522791618651, "no_speech_prob": 0.0, "words": [ { "start": 3050.23, "end": 3050.49, "word": " i'm", "probability": 0.9287109375 }, { "start": 3050.49, "end": 3050.77, "word": " under", "probability": 0.80029296875 }, { "start": 3050.77, "end": 3051.15, "word": " tuning", "probability": 0.98583984375 }, { "start": 3051.15, "end": 3051.49, "word": " things", "probability": 0.998046875 }, { "start": 3051.49, "end": 3051.69, "word": " like", "probability": 1.0 }, { "start": 3051.69, "end": 3051.81, "word": " i", "probability": 0.99951171875 }, { "start": 3051.81, "end": 3052.03, "word": " should", "probability": 1.0 }, { "start": 3052.03, "end": 3052.29, "word": " just", "probability": 1.0 }, { "start": 3052.29, "end": 3052.55, "word": " i", "probability": 0.99853515625 }, { "start": 3052.55, "end": 3052.75, "word": " should", "probability": 1.0 }, { "start": 3052.75, "end": 3052.93, "word": " just", "probability": 0.96923828125 }, { "start": 3052.93, "end": 3053.47, "word": " be", "probability": 1.0 }, { "start": 3053.47, "end": 3053.67, "word": " more", "probability": 1.0 }, { "start": 3053.67, "end": 3054.03, "word": " direct", "probability": 0.99951171875 }, { "start": 3054.03, "end": 3054.23, "word": " you", "probability": 1.0 }, { "start": 3054.23, "end": 3054.37, "word": " know", "probability": 0.99951171875 }, { "start": 3054.37, "end": 3055.07, "word": " um", "probability": 0.93310546875 }, { "start": 3055.07, "end": 3055.81, "word": " and", "probability": 1.0 }, { "start": 3055.81, "end": 3056.01, "word": " you", "probability": 1.0 } ] }, { "start": 3056.01, "end": 3060.81, "text": "know like in sci-fi for example there will be dystopias and some more rarely there's utopias", "avg_logprob": -0.04758522791618651, "no_speech_prob": 0.0, "words": [ { "start": 3056.01, "end": 3056.03, "word": " know", "probability": 0.99951171875 }, { "start": 3056.03, "end": 3056.17, "word": " like", "probability": 0.998046875 }, { "start": 3056.17, "end": 3056.39, "word": " in", "probability": 0.99951171875 }, { "start": 3056.39, "end": 3056.53, "word": " sci", "probability": 0.9990234375 }, { "start": 3056.53, "end": 3056.71, "word": "-fi", "probability": 0.99853515625 }, { "start": 3056.71, "end": 3056.91, "word": " for", "probability": 1.0 }, { "start": 3056.91, "end": 3057.19, "word": " example", "probability": 1.0 }, { "start": 3057.19, "end": 3057.39, "word": " there", "probability": 1.0 }, { "start": 3057.39, "end": 3057.51, "word": " will", "probability": 0.99853515625 }, { "start": 3057.51, "end": 3057.59, "word": " be", "probability": 1.0 }, { "start": 3057.59, "end": 3058.25, "word": " dystopias", "probability": 0.99951171875 }, { "start": 3058.25, "end": 3058.97, "word": " and", "probability": 1.0 }, { "start": 3058.97, "end": 3059.21, "word": " some", "probability": 0.9873046875 }, { "start": 3059.21, "end": 3059.59, "word": " more", "probability": 1.0 }, { "start": 3059.59, "end": 3059.91, "word": " rarely", "probability": 1.0 }, { "start": 3059.91, "end": 3060.27, "word": " there's", "probability": 0.99072265625 }, { "start": 3060.27, "end": 3060.81, "word": " utopias", "probability": 0.9993489583333334 } ] }, { "start": 3060.81, "end": 3066.15, "text": "so something like star trek is is actually closer to a utopia uh whereas you know obviously there's", "avg_logprob": -0.04758522791618651, "no_speech_prob": 0.0, "words": [ { "start": 3060.81, "end": 3061.11, "word": " so", "probability": 0.99951171875 }, { "start": 3061.11, "end": 3061.37, "word": " something", "probability": 1.0 }, { "start": 3061.37, "end": 3061.57, "word": " like", "probability": 1.0 }, { "start": 3061.57, "end": 3061.81, "word": " star", "probability": 0.99951171875 }, { "start": 3061.81, "end": 3062.07, "word": " trek", "probability": 0.99951171875 }, { "start": 3062.07, "end": 3062.37, "word": " is", "probability": 1.0 }, { "start": 3062.37, "end": 3062.57, "word": " is", "probability": 0.8173828125 }, { "start": 3062.57, "end": 3062.77, "word": " actually", "probability": 1.0 }, { "start": 3062.77, "end": 3063.11, "word": " closer", "probability": 0.99755859375 }, { "start": 3063.11, "end": 3063.33, "word": " to", "probability": 1.0 }, { "start": 3063.33, "end": 3063.61, "word": " a", "probability": 0.9990234375 }, { "start": 3063.61, "end": 3064.21, "word": " utopia", "probability": 1.0 }, { "start": 3064.21, "end": 3064.61, "word": " uh", "probability": 0.576171875 }, { "start": 3064.61, "end": 3065.33, "word": " whereas", "probability": 0.99951171875 }, { "start": 3065.33, "end": 3065.65, "word": " you", "probability": 0.99853515625 }, { "start": 3065.65, "end": 3065.71, "word": " know", "probability": 0.99560546875 }, { "start": 3065.71, "end": 3065.93, "word": " obviously", "probability": 0.98876953125 }, { "start": 3065.93, "end": 3066.15, "word": " there's", "probability": 1.0 } ] }, { "start": 3066.15, "end": 3070.25, "text": "no shortage of dystopian science fiction generally speaking conflict creates story so", "avg_logprob": -0.04758522791618651, "no_speech_prob": 0.0, "words": [ { "start": 3066.15, "end": 3066.27, "word": " no", "probability": 0.99951171875 }, { "start": 3066.27, "end": 3066.59, "word": " shortage", "probability": 1.0 }, { "start": 3066.59, "end": 3066.77, "word": " of", "probability": 1.0 }, { "start": 3066.77, "end": 3067.31, "word": " dystopian", "probability": 0.9996744791666666 }, { "start": 3067.31, "end": 3067.83, "word": " science", "probability": 1.0 }, { "start": 3067.83, "end": 3068.13, "word": " fiction", "probability": 1.0 }, { "start": 3068.13, "end": 3068.37, "word": " generally", "probability": 1.0 }, { "start": 3068.37, "end": 3068.71, "word": " speaking", "probability": 0.99853515625 }, { "start": 3068.71, "end": 3069.23, "word": " conflict", "probability": 0.99951171875 }, { "start": 3069.23, "end": 3069.61, "word": " creates", "probability": 0.97021484375 }, { "start": 3069.61, "end": 3069.95, "word": " story", "probability": 0.484375 }, { "start": 3069.95, "end": 3070.25, "word": " so", "probability": 1.0 } ] }, { "start": 3070.25, "end": 3076.01, "text": "people are more likely to write uh something closer to a dystopia and my world is like", "avg_logprob": -0.04358390753898095, "no_speech_prob": 0.0, "words": [ { "start": 3070.25, "end": 3070.93, "word": " people", "probability": 0.66748046875 }, { "start": 3070.93, "end": 3071.09, "word": " are", "probability": 0.9990234375 }, { "start": 3071.09, "end": 3071.19, "word": " more", "probability": 1.0 }, { "start": 3071.19, "end": 3071.47, "word": " likely", "probability": 1.0 }, { "start": 3071.47, "end": 3071.61, "word": " to", "probability": 1.0 }, { "start": 3071.61, "end": 3071.87, "word": " write", "probability": 0.99951171875 }, { "start": 3071.87, "end": 3072.25, "word": " uh", "probability": 0.26318359375 }, { "start": 3072.25, "end": 3072.83, "word": " something", "probability": 0.99951171875 }, { "start": 3072.83, "end": 3073.47, "word": " closer", "probability": 0.994140625 }, { "start": 3073.47, "end": 3073.69, "word": " to", "probability": 0.998046875 }, { "start": 3073.69, "end": 3074.05, "word": " a", "probability": 0.99951171875 }, { "start": 3074.05, "end": 3074.59, "word": " dystopia", "probability": 0.9990234375 }, { "start": 3074.59, "end": 3075.27, "word": " and", "probability": 0.9990234375 }, { "start": 3075.27, "end": 3075.47, "word": " my", "probability": 1.0 }, { "start": 3075.47, "end": 3075.73, "word": " world", "probability": 1.0 }, { "start": 3075.73, "end": 3075.89, "word": " is", "probability": 1.0 }, { "start": 3075.89, "end": 3076.01, "word": " like", "probability": 0.99755859375 } ] }, { "start": 3076.01, "end": 3081.17, "text": "intentionally messy like it's it's it's our world just extrapolated in technology and some and then", "avg_logprob": -0.04358390753898095, "no_speech_prob": 0.0, "words": [ { "start": 3076.01, "end": 3076.55, "word": " intentionally", "probability": 0.99951171875 }, { "start": 3076.55, "end": 3076.99, "word": " messy", "probability": 0.99951171875 }, { "start": 3076.99, "end": 3077.45, "word": " like", "probability": 1.0 }, { "start": 3077.45, "end": 3077.73, "word": " it's", "probability": 1.0 }, { "start": 3077.73, "end": 3078.07, "word": " it's", "probability": 0.999755859375 }, { "start": 3078.07, "end": 3078.29, "word": " it's", "probability": 0.996337890625 }, { "start": 3078.29, "end": 3078.49, "word": " our", "probability": 0.99951171875 }, { "start": 3078.49, "end": 3078.87, "word": " world", "probability": 1.0 }, { "start": 3078.87, "end": 3079.09, "word": " just", "probability": 0.99072265625 }, { "start": 3079.09, "end": 3079.79, "word": " extrapolated", "probability": 0.99951171875 }, { "start": 3079.79, "end": 3079.93, "word": " in", "probability": 0.99755859375 }, { "start": 3079.93, "end": 3080.43, "word": " technology", "probability": 1.0 }, { "start": 3080.43, "end": 3080.69, "word": " and", "probability": 1.0 }, { "start": 3080.69, "end": 3080.87, "word": " some", "probability": 0.99609375 }, { "start": 3080.87, "end": 3081.03, "word": " and", "probability": 1.0 }, { "start": 3081.03, "end": 3081.17, "word": " then", "probability": 0.99658203125 } ] }, { "start": 3081.17, "end": 3085.85, "text": "by extension extrapolated some of the social trends around technology like a world where", "avg_logprob": -0.04358390753898095, "no_speech_prob": 0.0, "words": [ { "start": 3081.17, "end": 3081.75, "word": " by", "probability": 1.0 }, { "start": 3081.75, "end": 3082.11, "word": " extension", "probability": 0.99951171875 }, { "start": 3082.11, "end": 3082.75, "word": " extrapolated", "probability": 0.994140625 }, { "start": 3082.75, "end": 3082.91, "word": " some", "probability": 0.99755859375 }, { "start": 3082.91, "end": 3082.99, "word": " of", "probability": 0.99853515625 }, { "start": 3082.99, "end": 3083.09, "word": " the", "probability": 0.998046875 }, { "start": 3083.09, "end": 3083.37, "word": " social", "probability": 0.9990234375 }, { "start": 3083.37, "end": 3083.79, "word": " trends", "probability": 1.0 }, { "start": 3083.79, "end": 3084.11, "word": " around", "probability": 1.0 }, { "start": 3084.11, "end": 3084.67, "word": " technology", "probability": 1.0 }, { "start": 3084.67, "end": 3085.31, "word": " like", "probability": 1.0 }, { "start": 3085.31, "end": 3085.43, "word": " a", "probability": 1.0 }, { "start": 3085.43, "end": 3085.67, "word": " world", "probability": 0.99951171875 }, { "start": 3085.67, "end": 3085.85, "word": " where", "probability": 1.0 } ] }, { "start": 3085.85, "end": 3091.47, "text": "for example people just naturally distrust video or like they just crazy things can happen and", "avg_logprob": -0.04358390753898095, "no_speech_prob": 0.0, "words": [ { "start": 3085.85, "end": 3086.01, "word": " for", "probability": 0.9990234375 }, { "start": 3086.01, "end": 3086.27, "word": " example", "probability": 0.9990234375 }, { "start": 3086.27, "end": 3086.61, "word": " people", "probability": 1.0 }, { "start": 3086.61, "end": 3086.83, "word": " just", "probability": 1.0 }, { "start": 3086.83, "end": 3087.21, "word": " naturally", "probability": 0.99755859375 }, { "start": 3087.21, "end": 3087.87, "word": " distrust", "probability": 0.99951171875 }, { "start": 3087.87, "end": 3088.35, "word": " video", "probability": 1.0 }, { "start": 3088.35, "end": 3088.61, "word": " or", "probability": 0.99658203125 }, { "start": 3088.61, "end": 3088.77, "word": " like", "probability": 1.0 }, { "start": 3088.77, "end": 3088.89, "word": " they", "probability": 0.99951171875 }, { "start": 3088.89, "end": 3089.09, "word": " just", "probability": 0.99951171875 }, { "start": 3089.09, "end": 3090.51, "word": " crazy", "probability": 0.99951171875 }, { "start": 3090.51, "end": 3090.81, "word": " things", "probability": 1.0 }, { "start": 3090.81, "end": 3090.97, "word": " can", "probability": 1.0 }, { "start": 3090.97, "end": 3091.31, "word": " happen", "probability": 1.0 }, { "start": 3091.31, "end": 3091.47, "word": " and", "probability": 0.99755859375 } ] }, { "start": 3091.47, "end": 3093.91, "text": "they're just like i don't know if that's i don't know if that actually happened or not", "avg_logprob": -0.04358390753898095, "no_speech_prob": 0.0, "words": [ { "start": 3091.47, "end": 3091.65, "word": " they're", "probability": 0.985595703125 }, { "start": 3091.65, "end": 3091.79, "word": " just", "probability": 1.0 }, { "start": 3091.79, "end": 3091.97, "word": " like", "probability": 0.99951171875 }, { "start": 3091.97, "end": 3092.11, "word": " i", "probability": 0.921875 }, { "start": 3092.11, "end": 3092.27, "word": " don't", "probability": 0.999755859375 }, { "start": 3092.27, "end": 3092.33, "word": " know", "probability": 1.0 }, { "start": 3092.33, "end": 3092.43, "word": " if", "probability": 0.9990234375 }, { "start": 3092.43, "end": 3092.63, "word": " that's", "probability": 0.998779296875 }, { "start": 3092.63, "end": 3092.75, "word": " i", "probability": 0.99951171875 }, { "start": 3092.75, "end": 3092.87, "word": " don't", "probability": 0.999755859375 }, { "start": 3092.87, "end": 3092.91, "word": " know", "probability": 0.998046875 }, { "start": 3092.91, "end": 3092.97, "word": " if", "probability": 0.99755859375 }, { "start": 3092.97, "end": 3093.05, "word": " that", "probability": 0.99951171875 }, { "start": 3093.05, "end": 3093.27, "word": " actually", "probability": 1.0 }, { "start": 3093.27, "end": 3093.59, "word": " happened", "probability": 1.0 }, { "start": 3093.59, "end": 3093.73, "word": " or", "probability": 1.0 }, { "start": 3093.73, "end": 3093.91, "word": " not", "probability": 1.0 } ] }, { "start": 3093.91, "end": 3098.57, "text": "and even in that world like there are safeguards against it like you can you know for example you", "avg_logprob": -0.04358390753898095, "no_speech_prob": 0.0, "words": [ { "start": 3093.91, "end": 3094.45, "word": " and", "probability": 1.0 }, { "start": 3094.45, "end": 3094.63, "word": " even", "probability": 1.0 }, { "start": 3094.63, "end": 3094.77, "word": " in", "probability": 1.0 }, { "start": 3094.77, "end": 3094.89, "word": " that", "probability": 0.9912109375 }, { "start": 3094.89, "end": 3095.11, "word": " world", "probability": 0.99951171875 }, { "start": 3095.11, "end": 3095.31, "word": " like", "probability": 0.998046875 }, { "start": 3095.31, "end": 3095.41, "word": " there", "probability": 1.0 }, { "start": 3095.41, "end": 3095.59, "word": " are", "probability": 1.0 }, { "start": 3095.59, "end": 3096.17, "word": " safeguards", "probability": 1.0 }, { "start": 3096.17, "end": 3096.47, "word": " against", "probability": 0.99951171875 }, { "start": 3096.47, "end": 3096.73, "word": " it", "probability": 1.0 }, { "start": 3096.73, "end": 3096.89, "word": " like", "probability": 1.0 }, { "start": 3096.89, "end": 3097.03, "word": " you", "probability": 1.0 }, { "start": 3097.03, "end": 3097.19, "word": " can", "probability": 0.9990234375 }, { "start": 3097.19, "end": 3097.53, "word": " you", "probability": 0.9697265625 }, { "start": 3097.53, "end": 3097.59, "word": " know", "probability": 0.9990234375 }, { "start": 3097.59, "end": 3097.73, "word": " for", "probability": 1.0 }, { "start": 3097.73, "end": 3097.99, "word": " example", "probability": 0.99951171875 }, { "start": 3097.99, "end": 3098.57, "word": " you", "probability": 0.99951171875 } ] }, { "start": 3098.57, "end": 3103.81, "text": "can have a device that takes a photo and cryptographically signs the photo so you can say", "avg_logprob": -0.054509944401004096, "no_speech_prob": 0.0, "words": [ { "start": 3098.57, "end": 3098.67, "word": " can", "probability": 0.5087890625 }, { "start": 3098.67, "end": 3098.79, "word": " have", "probability": 0.99755859375 }, { "start": 3098.79, "end": 3098.87, "word": " a", "probability": 0.99951171875 }, { "start": 3098.87, "end": 3099.35, "word": " device", "probability": 0.99951171875 }, { "start": 3099.35, "end": 3099.89, "word": " that", "probability": 0.9990234375 }, { "start": 3099.89, "end": 3100.19, "word": " takes", "probability": 0.99951171875 }, { "start": 3100.19, "end": 3100.33, "word": " a", "probability": 0.99951171875 }, { "start": 3100.33, "end": 3100.65, "word": " photo", "probability": 0.99951171875 }, { "start": 3100.65, "end": 3100.97, "word": " and", "probability": 0.9970703125 }, { "start": 3100.97, "end": 3101.77, "word": " cryptographically", "probability": 0.99853515625 }, { "start": 3101.77, "end": 3102.19, "word": " signs", "probability": 0.99658203125 }, { "start": 3102.19, "end": 3102.39, "word": " the", "probability": 0.99951171875 }, { "start": 3102.39, "end": 3102.75, "word": " photo", "probability": 0.99951171875 }, { "start": 3102.75, "end": 3103.39, "word": " so", "probability": 0.5966796875 }, { "start": 3103.39, "end": 3103.47, "word": " you", "probability": 0.99951171875 }, { "start": 3103.47, "end": 3103.57, "word": " can", "probability": 0.9990234375 }, { "start": 3103.57, "end": 3103.81, "word": " say", "probability": 0.9990234375 } ] }, { "start": 3103.81, "end": 3108.45, "text": "like you know this came from this apple device with this serial number it'd be very hard to prove", "avg_logprob": -0.054509944401004096, "no_speech_prob": 0.0, "words": [ { "start": 3103.81, "end": 3104.01, "word": " like", "probability": 0.9775390625 }, { "start": 3104.01, "end": 3104.31, "word": " you", "probability": 0.88232421875 }, { "start": 3104.31, "end": 3104.35, "word": " know", "probability": 0.9990234375 }, { "start": 3104.35, "end": 3104.57, "word": " this", "probability": 0.998046875 }, { "start": 3104.57, "end": 3104.85, "word": " came", "probability": 0.99951171875 }, { "start": 3104.85, "end": 3105.09, "word": " from", "probability": 1.0 }, { "start": 3105.09, "end": 3105.37, "word": " this", "probability": 1.0 }, { "start": 3105.37, "end": 3105.91, "word": " apple", "probability": 0.93017578125 }, { "start": 3105.91, "end": 3106.25, "word": " device", "probability": 1.0 }, { "start": 3106.25, "end": 3106.41, "word": " with", "probability": 0.99853515625 }, { "start": 3106.41, "end": 3106.55, "word": " this", "probability": 0.99609375 }, { "start": 3106.55, "end": 3106.79, "word": " serial", "probability": 0.9990234375 }, { "start": 3106.79, "end": 3107.09, "word": " number", "probability": 1.0 }, { "start": 3107.09, "end": 3107.27, "word": " it'd", "probability": 0.826904296875 }, { "start": 3107.27, "end": 3107.33, "word": " be", "probability": 0.99951171875 }, { "start": 3107.33, "end": 3107.53, "word": " very", "probability": 1.0 }, { "start": 3107.53, "end": 3107.83, "word": " hard", "probability": 1.0 }, { "start": 3107.83, "end": 3108.05, "word": " to", "probability": 1.0 }, { "start": 3108.05, "end": 3108.45, "word": " prove", "probability": 0.86181640625 } ] }, { "start": 3108.45, "end": 3114.19, "text": "otherwise like to hack it and make that not the case but the human brain still has just only so", "avg_logprob": -0.054509944401004096, "no_speech_prob": 0.0, "words": [ { "start": 3108.45, "end": 3108.73, "word": " otherwise", "probability": 0.99365234375 }, { "start": 3108.73, "end": 3108.97, "word": " like", "probability": 0.99755859375 }, { "start": 3108.97, "end": 3109.11, "word": " to", "probability": 1.0 }, { "start": 3109.11, "end": 3109.37, "word": " hack", "probability": 0.99658203125 }, { "start": 3109.37, "end": 3109.53, "word": " it", "probability": 0.99951171875 }, { "start": 3109.53, "end": 3109.81, "word": " and", "probability": 1.0 }, { "start": 3109.81, "end": 3109.97, "word": " make", "probability": 1.0 }, { "start": 3109.97, "end": 3110.13, "word": " that", "probability": 0.99951171875 }, { "start": 3110.13, "end": 3110.29, "word": " not", "probability": 1.0 }, { "start": 3110.29, "end": 3110.41, "word": " the", "probability": 1.0 }, { "start": 3110.41, "end": 3110.77, "word": " case", "probability": 0.99951171875 }, { "start": 3110.77, "end": 3111.71, "word": " but", "probability": 0.998046875 }, { "start": 3111.71, "end": 3112.07, "word": " the", "probability": 0.9990234375 }, { "start": 3112.07, "end": 3112.33, "word": " human", "probability": 1.0 }, { "start": 3112.33, "end": 3113.09, "word": " brain", "probability": 0.97314453125 }, { "start": 3113.09, "end": 3113.37, "word": " still", "probability": 0.642578125 }, { "start": 3113.37, "end": 3113.55, "word": " has", "probability": 0.9990234375 }, { "start": 3113.55, "end": 3113.71, "word": " just", "probability": 0.9990234375 }, { "start": 3113.71, "end": 3113.95, "word": " only", "probability": 0.99951171875 }, { "start": 3113.95, "end": 3114.19, "word": " so", "probability": 1.0 } ] }, { "start": 3114.19, "end": 3119.57, "text": "much kind of bandwidth to matter for all that so like investigators might put a look through and", "avg_logprob": -0.054509944401004096, "no_speech_prob": 0.0, "words": [ { "start": 3114.19, "end": 3114.53, "word": " much", "probability": 0.9990234375 }, { "start": 3114.53, "end": 3114.81, "word": " kind", "probability": 1.0 }, { "start": 3114.81, "end": 3114.89, "word": " of", "probability": 1.0 }, { "start": 3114.89, "end": 3115.31, "word": " bandwidth", "probability": 0.99853515625 }, { "start": 3115.31, "end": 3115.73, "word": " to", "probability": 1.0 }, { "start": 3115.73, "end": 3117.01, "word": " matter", "probability": 0.99951171875 }, { "start": 3117.01, "end": 3117.31, "word": " for", "probability": 1.0 }, { "start": 3117.31, "end": 3117.43, "word": " all", "probability": 0.99951171875 }, { "start": 3117.43, "end": 3117.65, "word": " that", "probability": 1.0 }, { "start": 3117.65, "end": 3117.85, "word": " so", "probability": 0.99169921875 }, { "start": 3117.85, "end": 3117.99, "word": " like", "probability": 0.99755859375 }, { "start": 3117.99, "end": 3118.51, "word": " investigators", "probability": 0.99951171875 }, { "start": 3118.51, "end": 3118.77, "word": " might", "probability": 0.99853515625 }, { "start": 3118.77, "end": 3118.93, "word": " put", "probability": 0.78564453125 }, { "start": 3118.93, "end": 3119.01, "word": " a", "probability": 0.99951171875 }, { "start": 3119.01, "end": 3119.13, "word": " look", "probability": 0.9990234375 }, { "start": 3119.13, "end": 3119.35, "word": " through", "probability": 1.0 }, { "start": 3119.35, "end": 3119.57, "word": " and", "probability": 1.0 } ] }, { "start": 3119.57, "end": 3124.57, "text": "kind of pinpoint what happened uh but a lot of people are just kind of like there's so much noise", "avg_logprob": -0.054509944401004096, "no_speech_prob": 0.0, "words": [ { "start": 3119.57, "end": 3119.87, "word": " kind", "probability": 0.98974609375 }, { "start": 3119.87, "end": 3120.01, "word": " of", "probability": 1.0 }, { "start": 3120.01, "end": 3120.33, "word": " pinpoint", "probability": 0.99951171875 }, { "start": 3120.33, "end": 3120.63, "word": " what", "probability": 0.99951171875 }, { "start": 3120.63, "end": 3121.05, "word": " happened", "probability": 1.0 }, { "start": 3121.05, "end": 3121.73, "word": " uh", "probability": 0.83203125 }, { "start": 3121.73, "end": 3122.17, "word": " but", "probability": 1.0 }, { "start": 3122.17, "end": 3122.29, "word": " a", "probability": 1.0 }, { "start": 3122.29, "end": 3122.37, "word": " lot", "probability": 1.0 }, { "start": 3122.37, "end": 3122.47, "word": " of", "probability": 0.99951171875 }, { "start": 3122.47, "end": 3122.73, "word": " people", "probability": 1.0 }, { "start": 3122.73, "end": 3122.87, "word": " are", "probability": 1.0 }, { "start": 3122.87, "end": 3122.99, "word": " just", "probability": 1.0 }, { "start": 3122.99, "end": 3123.17, "word": " kind", "probability": 1.0 }, { "start": 3123.17, "end": 3123.23, "word": " of", "probability": 1.0 }, { "start": 3123.23, "end": 3123.35, "word": " like", "probability": 0.9990234375 }, { "start": 3123.35, "end": 3123.63, "word": " there's", "probability": 1.0 }, { "start": 3123.63, "end": 3124.01, "word": " so", "probability": 0.93115234375 }, { "start": 3124.01, "end": 3124.19, "word": " much", "probability": 0.99951171875 }, { "start": 3124.19, "end": 3124.57, "word": " noise", "probability": 0.99951171875 } ] }, { "start": 3124.57, "end": 3128.85, "text": "out there now that almost their world shrinks and one of the one of the kind of the sci-fi things", "avg_logprob": -0.0714180460375435, "no_speech_prob": 0.0, "words": [ { "start": 3124.57, "end": 3124.79, "word": " out", "probability": 0.984375 }, { "start": 3124.79, "end": 3125.01, "word": " there", "probability": 0.99951171875 }, { "start": 3125.01, "end": 3125.23, "word": " now", "probability": 0.99951171875 }, { "start": 3125.23, "end": 3125.39, "word": " that", "probability": 0.9521484375 }, { "start": 3125.39, "end": 3125.67, "word": " almost", "probability": 0.99853515625 }, { "start": 3125.67, "end": 3126.13, "word": " their", "probability": 0.97119140625 }, { "start": 3126.13, "end": 3126.45, "word": " world", "probability": 0.9921875 }, { "start": 3126.45, "end": 3126.83, "word": " shrinks", "probability": 0.992431640625 }, { "start": 3126.83, "end": 3127.03, "word": " and", "probability": 0.1370849609375 }, { "start": 3127.03, "end": 3127.19, "word": " one", "probability": 0.9990234375 }, { "start": 3127.19, "end": 3127.25, "word": " of", "probability": 0.99951171875 }, { "start": 3127.25, "end": 3127.37, "word": " the", "probability": 0.78564453125 }, { "start": 3127.37, "end": 3127.55, "word": " one", "probability": 0.2861328125 }, { "start": 3127.55, "end": 3127.67, "word": " of", "probability": 0.998046875 }, { "start": 3127.67, "end": 3127.87, "word": " the", "probability": 0.99951171875 }, { "start": 3127.87, "end": 3128.11, "word": " kind", "probability": 0.99072265625 }, { "start": 3128.11, "end": 3128.21, "word": " of", "probability": 1.0 }, { "start": 3128.21, "end": 3128.35, "word": " the", "probability": 0.93359375 }, { "start": 3128.35, "end": 3128.49, "word": " sci", "probability": 0.9990234375 }, { "start": 3128.49, "end": 3128.63, "word": "-fi", "probability": 0.998779296875 }, { "start": 3128.63, "end": 3128.85, "word": " things", "probability": 0.998046875 } ] }, { "start": 3128.85, "end": 3134.95, "text": "i brought into reality is this idea that technology so far given us almost like a bell curve of of", "avg_logprob": -0.0714180460375435, "no_speech_prob": 0.0, "words": [ { "start": 3128.85, "end": 3128.97, "word": " i", "probability": 0.7490234375 }, { "start": 3128.97, "end": 3129.17, "word": " brought", "probability": 0.9990234375 }, { "start": 3129.17, "end": 3129.41, "word": " into", "probability": 1.0 }, { "start": 3129.41, "end": 3129.87, "word": " reality", "probability": 1.0 }, { "start": 3129.87, "end": 3130.91, "word": " is", "probability": 0.99951171875 }, { "start": 3130.91, "end": 3131.05, "word": " this", "probability": 1.0 }, { "start": 3131.05, "end": 3131.29, "word": " idea", "probability": 1.0 }, { "start": 3131.29, "end": 3131.53, "word": " that", "probability": 1.0 }, { "start": 3131.53, "end": 3132.35, "word": " technology", "probability": 0.95654296875 }, { "start": 3132.35, "end": 3132.61, "word": " so", "probability": 0.79296875 }, { "start": 3132.61, "end": 3132.83, "word": " far", "probability": 1.0 }, { "start": 3132.83, "end": 3133.09, "word": " given", "probability": 0.89404296875 }, { "start": 3133.09, "end": 3133.25, "word": " us", "probability": 0.99951171875 }, { "start": 3133.25, "end": 3133.43, "word": " almost", "probability": 1.0 }, { "start": 3133.43, "end": 3133.59, "word": " like", "probability": 1.0 }, { "start": 3133.59, "end": 3133.71, "word": " a", "probability": 1.0 }, { "start": 3133.71, "end": 3133.97, "word": " bell", "probability": 0.99951171875 }, { "start": 3133.97, "end": 3134.35, "word": " curve", "probability": 1.0 }, { "start": 3134.35, "end": 3134.69, "word": " of", "probability": 1.0 }, { "start": 3134.69, "end": 3134.95, "word": " of", "probability": 0.49560546875 } ] }, { "start": 3134.95, "end": 3140.67, "text": "global awareness which is obviously a long time ago before we had even like the telegraph or", "avg_logprob": -0.0714180460375435, "no_speech_prob": 0.0, "words": [ { "start": 3134.95, "end": 3135.37, "word": " global", "probability": 1.0 }, { "start": 3135.37, "end": 3135.83, "word": " awareness", "probability": 1.0 }, { "start": 3135.83, "end": 3136.59, "word": " which", "probability": 1.0 }, { "start": 3136.59, "end": 3136.85, "word": " is", "probability": 1.0 }, { "start": 3136.85, "end": 3137.45, "word": " obviously", "probability": 1.0 }, { "start": 3137.45, "end": 3137.77, "word": " a", "probability": 0.99755859375 }, { "start": 3137.77, "end": 3138.01, "word": " long", "probability": 1.0 }, { "start": 3138.01, "end": 3138.21, "word": " time", "probability": 1.0 }, { "start": 3138.21, "end": 3138.51, "word": " ago", "probability": 0.99951171875 }, { "start": 3138.51, "end": 3138.89, "word": " before", "probability": 1.0 }, { "start": 3138.89, "end": 3139.05, "word": " we", "probability": 1.0 }, { "start": 3139.05, "end": 3139.29, "word": " had", "probability": 1.0 }, { "start": 3139.29, "end": 3139.49, "word": " even", "probability": 1.0 }, { "start": 3139.49, "end": 3139.65, "word": " like", "probability": 0.9990234375 }, { "start": 3139.65, "end": 3139.77, "word": " the", "probability": 0.99951171875 }, { "start": 3139.77, "end": 3140.35, "word": " telegraph", "probability": 0.996826171875 }, { "start": 3140.35, "end": 3140.67, "word": " or", "probability": 1.0 } ] }, { "start": 3140.67, "end": 3145.95, "text": "things like that we were obviously very confined to our communities our local areas traveling far", "avg_logprob": -0.0714180460375435, "no_speech_prob": 0.0, "words": [ { "start": 3140.67, "end": 3141.19, "word": " things", "probability": 0.69873046875 }, { "start": 3141.19, "end": 3141.37, "word": " like", "probability": 1.0 }, { "start": 3141.37, "end": 3141.59, "word": " that", "probability": 0.9990234375 }, { "start": 3141.59, "end": 3141.79, "word": " we", "probability": 1.0 }, { "start": 3141.79, "end": 3141.95, "word": " were", "probability": 0.99951171875 }, { "start": 3141.95, "end": 3142.21, "word": " obviously", "probability": 0.99951171875 }, { "start": 3142.21, "end": 3142.47, "word": " very", "probability": 0.99951171875 }, { "start": 3142.47, "end": 3142.91, "word": " confined", "probability": 1.0 }, { "start": 3142.91, "end": 3143.05, "word": " to", "probability": 0.9990234375 }, { "start": 3143.05, "end": 3143.23, "word": " our", "probability": 1.0 }, { "start": 3143.23, "end": 3143.83, "word": " communities", "probability": 0.48779296875 }, { "start": 3143.83, "end": 3144.07, "word": " our", "probability": 1.0 }, { "start": 3144.07, "end": 3144.37, "word": " local", "probability": 0.99951171875 }, { "start": 3144.37, "end": 3144.81, "word": " areas", "probability": 1.0 }, { "start": 3144.81, "end": 3145.59, "word": " traveling", "probability": 0.99951171875 }, { "start": 3145.59, "end": 3145.95, "word": " far", "probability": 1.0 } ] }, { "start": 3145.95, "end": 3150.71, "text": "was like a rare thing that only a few people did and even information arrived very slowly", "avg_logprob": -0.0714180460375435, "no_speech_prob": 0.0, "words": [ { "start": 3145.95, "end": 3146.21, "word": " was", "probability": 1.0 }, { "start": 3146.21, "end": 3146.37, "word": " like", "probability": 0.9990234375 }, { "start": 3146.37, "end": 3146.55, "word": " a", "probability": 1.0 }, { "start": 3146.55, "end": 3147.05, "word": " rare", "probability": 1.0 }, { "start": 3147.05, "end": 3147.69, "word": " thing", "probability": 0.99951171875 }, { "start": 3147.69, "end": 3147.91, "word": " that", "probability": 0.97607421875 }, { "start": 3147.91, "end": 3148.11, "word": " only", "probability": 0.99951171875 }, { "start": 3148.11, "end": 3148.25, "word": " a", "probability": 1.0 }, { "start": 3148.25, "end": 3148.35, "word": " few", "probability": 0.99951171875 }, { "start": 3148.35, "end": 3148.63, "word": " people", "probability": 0.99951171875 }, { "start": 3148.63, "end": 3148.83, "word": " did", "probability": 0.99951171875 }, { "start": 3148.83, "end": 3148.99, "word": " and", "probability": 0.99853515625 }, { "start": 3148.99, "end": 3149.11, "word": " even", "probability": 0.99658203125 }, { "start": 3149.11, "end": 3149.67, "word": " information", "probability": 1.0 }, { "start": 3149.67, "end": 3150.11, "word": " arrived", "probability": 0.9912109375 }, { "start": 3150.11, "end": 3150.37, "word": " very", "probability": 1.0 }, { "start": 3150.37, "end": 3150.71, "word": " slowly", "probability": 1.0 } ] }, { "start": 3150.71, "end": 3157.05, "text": "and then i would say kind of like in the in the 20th century obviously when we have video and all", "avg_logprob": -0.06498894121794574, "no_speech_prob": 0.0, "words": [ { "start": 3150.71, "end": 3151.41, "word": " and", "probability": 0.051788330078125 }, { "start": 3151.41, "end": 3151.59, "word": " then", "probability": 0.99951171875 }, { "start": 3151.59, "end": 3152.29, "word": " i", "probability": 0.2890625 }, { "start": 3152.29, "end": 3152.41, "word": " would", "probability": 1.0 }, { "start": 3152.41, "end": 3152.57, "word": " say", "probability": 1.0 }, { "start": 3152.57, "end": 3152.75, "word": " kind", "probability": 0.99951171875 }, { "start": 3152.75, "end": 3152.81, "word": " of", "probability": 1.0 }, { "start": 3152.81, "end": 3152.95, "word": " like", "probability": 0.99951171875 }, { "start": 3152.95, "end": 3153.07, "word": " in", "probability": 1.0 }, { "start": 3153.07, "end": 3153.27, "word": " the", "probability": 0.95458984375 }, { "start": 3153.27, "end": 3153.27, "word": " in", "probability": 0.7509765625 }, { "start": 3153.27, "end": 3153.39, "word": " the", "probability": 1.0 }, { "start": 3153.39, "end": 3153.79, "word": " 20th", "probability": 0.999755859375 }, { "start": 3153.79, "end": 3154.21, "word": " century", "probability": 1.0 }, { "start": 3154.21, "end": 3155.23, "word": " obviously", "probability": 0.90087890625 }, { "start": 3155.23, "end": 3155.47, "word": " when", "probability": 1.0 }, { "start": 3155.47, "end": 3155.57, "word": " we", "probability": 1.0 }, { "start": 3155.57, "end": 3155.71, "word": " have", "probability": 1.0 }, { "start": 3155.71, "end": 3156.11, "word": " video", "probability": 1.0 }, { "start": 3156.11, "end": 3156.89, "word": " and", "probability": 1.0 }, { "start": 3156.89, "end": 3157.05, "word": " all", "probability": 0.99951171875 } ] }, { "start": 3157.05, "end": 3161.55, "text": "this we're suddenly in this like really connected world and we're in a world where it's it's much", "avg_logprob": -0.06498894121794574, "no_speech_prob": 0.0, "words": [ { "start": 3157.05, "end": 3157.33, "word": " this", "probability": 1.0 }, { "start": 3157.33, "end": 3157.75, "word": " we're", "probability": 1.0 }, { "start": 3157.75, "end": 3157.95, "word": " suddenly", "probability": 0.86669921875 }, { "start": 3157.95, "end": 3158.09, "word": " in", "probability": 0.97705078125 }, { "start": 3158.09, "end": 3158.17, "word": " this", "probability": 1.0 }, { "start": 3158.17, "end": 3158.29, "word": " like", "probability": 0.998046875 }, { "start": 3158.29, "end": 3158.51, "word": " really", "probability": 1.0 }, { "start": 3158.51, "end": 3159.03, "word": " connected", "probability": 1.0 }, { "start": 3159.03, "end": 3159.45, "word": " world", "probability": 1.0 }, { "start": 3159.45, "end": 3160.35, "word": " and", "probability": 1.0 }, { "start": 3160.35, "end": 3160.63, "word": " we're", "probability": 1.0 }, { "start": 3160.63, "end": 3160.71, "word": " in", "probability": 1.0 }, { "start": 3160.71, "end": 3160.77, "word": " a", "probability": 1.0 }, { "start": 3160.77, "end": 3160.95, "word": " world", "probability": 0.99951171875 }, { "start": 3160.95, "end": 3161.09, "word": " where", "probability": 1.0 }, { "start": 3161.09, "end": 3161.37, "word": " it's", "probability": 1.0 }, { "start": 3161.37, "end": 3161.43, "word": " it's", "probability": 0.759521484375 }, { "start": 3161.43, "end": 3161.55, "word": " much", "probability": 0.99853515625 } ] }, { "start": 3161.55, "end": 3166.89, "text": "easier to capture and share video than it is to like doctor videos like fake videos uh so we kind", "avg_logprob": -0.06498894121794574, "no_speech_prob": 0.0, "words": [ { "start": 3161.55, "end": 3161.85, "word": " easier", "probability": 1.0 }, { "start": 3161.85, "end": 3161.99, "word": " to", "probability": 1.0 }, { "start": 3161.99, "end": 3162.39, "word": " capture", "probability": 1.0 }, { "start": 3162.39, "end": 3162.57, "word": " and", "probability": 1.0 }, { "start": 3162.57, "end": 3162.81, "word": " share", "probability": 0.99951171875 }, { "start": 3162.81, "end": 3163.17, "word": " video", "probability": 1.0 }, { "start": 3163.17, "end": 3163.35, "word": " than", "probability": 0.99951171875 }, { "start": 3163.35, "end": 3163.45, "word": " it", "probability": 1.0 }, { "start": 3163.45, "end": 3163.59, "word": " is", "probability": 1.0 }, { "start": 3163.59, "end": 3163.73, "word": " to", "probability": 0.99951171875 }, { "start": 3163.73, "end": 3163.93, "word": " like", "probability": 0.9990234375 }, { "start": 3163.93, "end": 3164.39, "word": " doctor", "probability": 0.99853515625 }, { "start": 3164.39, "end": 3164.75, "word": " videos", "probability": 1.0 }, { "start": 3164.75, "end": 3164.93, "word": " like", "probability": 1.0 }, { "start": 3164.93, "end": 3165.17, "word": " fake", "probability": 0.99951171875 }, { "start": 3165.17, "end": 3165.59, "word": " videos", "probability": 0.99951171875 }, { "start": 3165.59, "end": 3166.17, "word": " uh", "probability": 0.91796875 }, { "start": 3166.17, "end": 3166.51, "word": " so", "probability": 1.0 }, { "start": 3166.51, "end": 3166.69, "word": " we", "probability": 1.0 }, { "start": 3166.69, "end": 3166.89, "word": " kind", "probability": 1.0 } ] }, { "start": 3166.89, "end": 3172.33, "text": "of had like a peak understanding of like what what is actually happening in the world and then we", "avg_logprob": -0.06498894121794574, "no_speech_prob": 0.0, "words": [ { "start": 3166.89, "end": 3167.05, "word": " of", "probability": 1.0 }, { "start": 3167.05, "end": 3167.81, "word": " had", "probability": 0.99951171875 }, { "start": 3167.81, "end": 3168.05, "word": " like", "probability": 0.9921875 }, { "start": 3168.05, "end": 3168.17, "word": " a", "probability": 1.0 }, { "start": 3168.17, "end": 3168.43, "word": " peak", "probability": 0.99609375 }, { "start": 3168.43, "end": 3168.91, "word": " understanding", "probability": 1.0 }, { "start": 3168.91, "end": 3169.17, "word": " of", "probability": 1.0 }, { "start": 3169.17, "end": 3169.35, "word": " like", "probability": 0.9990234375 }, { "start": 3169.35, "end": 3169.57, "word": " what", "probability": 1.0 }, { "start": 3169.57, "end": 3169.75, "word": " what", "probability": 0.98046875 }, { "start": 3169.75, "end": 3169.89, "word": " is", "probability": 1.0 }, { "start": 3169.89, "end": 3170.15, "word": " actually", "probability": 0.99951171875 }, { "start": 3170.15, "end": 3170.51, "word": " happening", "probability": 1.0 }, { "start": 3170.51, "end": 3170.65, "word": " in", "probability": 1.0 }, { "start": 3170.65, "end": 3170.71, "word": " the", "probability": 0.9990234375 }, { "start": 3170.71, "end": 3171.01, "word": " world", "probability": 0.9990234375 }, { "start": 3171.01, "end": 3171.73, "word": " and", "probability": 1.0 }, { "start": 3171.73, "end": 3171.91, "word": " then", "probability": 1.0 }, { "start": 3171.91, "end": 3172.33, "word": " we", "probability": 1.0 } ] }, { "start": 3172.33, "end": 3176.67, "text": "also had kind of like um we had trust in media trust institutions so for example the combination", "avg_logprob": -0.06498894121794574, "no_speech_prob": 0.0, "words": [ { "start": 3172.33, "end": 3172.57, "word": " also", "probability": 1.0 }, { "start": 3172.57, "end": 3172.81, "word": " had", "probability": 1.0 }, { "start": 3172.81, "end": 3173.01, "word": " kind", "probability": 1.0 }, { "start": 3173.01, "end": 3173.09, "word": " of", "probability": 1.0 }, { "start": 3173.09, "end": 3173.27, "word": " like", "probability": 0.9970703125 }, { "start": 3173.27, "end": 3173.47, "word": " um", "probability": 0.99462890625 }, { "start": 3173.47, "end": 3173.95, "word": " we", "probability": 1.0 }, { "start": 3173.95, "end": 3174.07, "word": " had", "probability": 0.99951171875 }, { "start": 3174.07, "end": 3174.37, "word": " trust", "probability": 0.8447265625 }, { "start": 3174.37, "end": 3174.53, "word": " in", "probability": 0.99658203125 }, { "start": 3174.53, "end": 3174.81, "word": " media", "probability": 1.0 }, { "start": 3174.81, "end": 3175.09, "word": " trust", "probability": 0.99853515625 }, { "start": 3175.09, "end": 3175.65, "word": " institutions", "probability": 0.5634765625 }, { "start": 3175.65, "end": 3175.93, "word": " so", "probability": 0.99951171875 }, { "start": 3175.93, "end": 3176.05, "word": " for", "probability": 0.7802734375 }, { "start": 3176.05, "end": 3176.17, "word": " example", "probability": 0.91552734375 }, { "start": 3176.17, "end": 3176.35, "word": " the", "probability": 0.99072265625 }, { "start": 3176.35, "end": 3176.67, "word": " combination", "probability": 0.998046875 } ] }, { "start": 3176.67, "end": 3181.53, "text": "like video and like walter cronkite saying here's things that are happening we all kind of would", "avg_logprob": -0.06616426674665603, "no_speech_prob": 0.0, "words": [ { "start": 3176.67, "end": 3176.91, "word": " like", "probability": 0.7451171875 }, { "start": 3176.91, "end": 3177.23, "word": " video", "probability": 0.9658203125 }, { "start": 3177.23, "end": 3177.53, "word": " and", "probability": 0.9609375 }, { "start": 3177.53, "end": 3177.69, "word": " like", "probability": 0.89794921875 }, { "start": 3177.69, "end": 3178.07, "word": " walter", "probability": 0.60455322265625 }, { "start": 3178.07, "end": 3178.59, "word": " cronkite", "probability": 0.9898681640625 }, { "start": 3178.59, "end": 3178.99, "word": " saying", "probability": 0.99951171875 }, { "start": 3178.99, "end": 3179.35, "word": " here's", "probability": 0.999267578125 }, { "start": 3179.35, "end": 3179.53, "word": " things", "probability": 1.0 }, { "start": 3179.53, "end": 3179.67, "word": " that", "probability": 1.0 }, { "start": 3179.67, "end": 3179.73, "word": " are", "probability": 1.0 }, { "start": 3179.73, "end": 3180.11, "word": " happening", "probability": 1.0 }, { "start": 3180.11, "end": 3180.73, "word": " we", "probability": 0.998046875 }, { "start": 3180.73, "end": 3180.95, "word": " all", "probability": 1.0 }, { "start": 3180.95, "end": 3181.19, "word": " kind", "probability": 1.0 }, { "start": 3181.19, "end": 3181.35, "word": " of", "probability": 1.0 }, { "start": 3181.35, "end": 3181.53, "word": " would", "probability": 1.0 } ] }, { "start": 3181.53, "end": 3186.59, "text": "agree on roughly what is happening and then disagree on on certain kind of margins whereas", "avg_logprob": -0.06616426674665603, "no_speech_prob": 0.0, "words": [ { "start": 3181.53, "end": 3181.79, "word": " agree", "probability": 1.0 }, { "start": 3181.79, "end": 3181.99, "word": " on", "probability": 0.99951171875 }, { "start": 3181.99, "end": 3182.29, "word": " roughly", "probability": 1.0 }, { "start": 3182.29, "end": 3182.47, "word": " what", "probability": 1.0 }, { "start": 3182.47, "end": 3182.61, "word": " is", "probability": 1.0 }, { "start": 3182.61, "end": 3182.97, "word": " happening", "probability": 0.99951171875 }, { "start": 3182.97, "end": 3183.21, "word": " and", "probability": 1.0 }, { "start": 3183.21, "end": 3183.39, "word": " then", "probability": 1.0 }, { "start": 3183.39, "end": 3184.01, "word": " disagree", "probability": 1.0 }, { "start": 3184.01, "end": 3184.31, "word": " on", "probability": 1.0 }, { "start": 3184.31, "end": 3184.57, "word": " on", "probability": 0.93896484375 }, { "start": 3184.57, "end": 3184.99, "word": " certain", "probability": 0.78759765625 }, { "start": 3184.99, "end": 3185.33, "word": " kind", "probability": 0.99755859375 }, { "start": 3185.33, "end": 3185.41, "word": " of", "probability": 1.0 }, { "start": 3185.41, "end": 3185.77, "word": " margins", "probability": 0.99951171875 }, { "start": 3185.77, "end": 3186.59, "word": " whereas", "probability": 0.9970703125 } ] }, { "start": 3186.59, "end": 3192.71, "text": "we've kind of now when we get to the age of like ai and things like that video as as proof has gone", "avg_logprob": -0.06616426674665603, "no_speech_prob": 0.0, "words": [ { "start": 3186.59, "end": 3187.03, "word": " we've", "probability": 0.7178955078125 }, { "start": 3187.03, "end": 3187.15, "word": " kind", "probability": 0.99267578125 }, { "start": 3187.15, "end": 3187.27, "word": " of", "probability": 0.99951171875 }, { "start": 3187.27, "end": 3187.53, "word": " now", "probability": 1.0 }, { "start": 3187.53, "end": 3187.77, "word": " when", "probability": 1.0 }, { "start": 3187.77, "end": 3187.85, "word": " we", "probability": 1.0 }, { "start": 3187.85, "end": 3187.97, "word": " get", "probability": 1.0 }, { "start": 3187.97, "end": 3188.09, "word": " to", "probability": 1.0 }, { "start": 3188.09, "end": 3188.21, "word": " the", "probability": 1.0 }, { "start": 3188.21, "end": 3188.43, "word": " age", "probability": 1.0 }, { "start": 3188.43, "end": 3188.55, "word": " of", "probability": 1.0 }, { "start": 3188.55, "end": 3188.69, "word": " like", "probability": 0.99951171875 }, { "start": 3188.69, "end": 3188.99, "word": " ai", "probability": 0.97900390625 }, { "start": 3188.99, "end": 3189.33, "word": " and", "probability": 0.9990234375 }, { "start": 3189.33, "end": 3189.51, "word": " things", "probability": 0.99951171875 }, { "start": 3189.51, "end": 3189.69, "word": " like", "probability": 1.0 }, { "start": 3189.69, "end": 3190.03, "word": " that", "probability": 0.99951171875 }, { "start": 3190.03, "end": 3191.27, "word": " video", "probability": 0.99951171875 }, { "start": 3191.27, "end": 3191.57, "word": " as", "probability": 0.99853515625 }, { "start": 3191.57, "end": 3191.79, "word": " as", "probability": 0.96630859375 }, { "start": 3191.79, "end": 3192.15, "word": " proof", "probability": 0.99951171875 }, { "start": 3192.15, "end": 3192.49, "word": " has", "probability": 1.0 }, { "start": 3192.49, "end": 3192.71, "word": " gone", "probability": 1.0 } ] }, { "start": 3192.71, "end": 3199.15, "text": "down a ton uh trust in in authorities has gone down a ton institutions governments and all this", "avg_logprob": -0.06616426674665603, "no_speech_prob": 0.0, "words": [ { "start": 3192.71, "end": 3192.95, "word": " down", "probability": 1.0 }, { "start": 3192.95, "end": 3193.17, "word": " a", "probability": 1.0 }, { "start": 3193.17, "end": 3193.39, "word": " ton", "probability": 0.99755859375 }, { "start": 3193.39, "end": 3194.17, "word": " uh", "probability": 0.9501953125 }, { "start": 3194.17, "end": 3194.69, "word": " trust", "probability": 1.0 }, { "start": 3194.69, "end": 3195.11, "word": " in", "probability": 1.0 }, { "start": 3195.11, "end": 3195.39, "word": " in", "probability": 0.99853515625 }, { "start": 3195.39, "end": 3195.83, "word": " authorities", "probability": 0.9990234375 }, { "start": 3195.83, "end": 3196.11, "word": " has", "probability": 1.0 }, { "start": 3196.11, "end": 3196.29, "word": " gone", "probability": 1.0 }, { "start": 3196.29, "end": 3196.49, "word": " down", "probability": 1.0 }, { "start": 3196.49, "end": 3196.67, "word": " a", "probability": 0.99853515625 }, { "start": 3196.67, "end": 3196.81, "word": " ton", "probability": 0.9990234375 }, { "start": 3196.81, "end": 3197.43, "word": " institutions", "probability": 0.9951171875 }, { "start": 3197.43, "end": 3198.23, "word": " governments", "probability": 0.9990234375 }, { "start": 3198.23, "end": 3198.63, "word": " and", "probability": 1.0 }, { "start": 3198.63, "end": 3198.79, "word": " all", "probability": 0.9990234375 }, { "start": 3198.79, "end": 3199.15, "word": " this", "probability": 0.99951171875 } ] }, { "start": 3199.15, "end": 3205.75, "text": "and so when things happen people are kind of like did that happen and like if it did happen it is", "avg_logprob": -0.06616426674665603, "no_speech_prob": 0.0, "words": [ { "start": 3199.15, "end": 3199.91, "word": " and", "probability": 1.0 }, { "start": 3199.91, "end": 3200.19, "word": " so", "probability": 0.98681640625 }, { "start": 3200.19, "end": 3201.07, "word": " when", "probability": 1.0 }, { "start": 3201.07, "end": 3201.31, "word": " things", "probability": 1.0 }, { "start": 3201.31, "end": 3201.73, "word": " happen", "probability": 0.99609375 }, { "start": 3201.73, "end": 3202.01, "word": " people", "probability": 1.0 }, { "start": 3202.01, "end": 3202.15, "word": " are", "probability": 0.458984375 }, { "start": 3202.15, "end": 3202.23, "word": " kind", "probability": 0.99267578125 }, { "start": 3202.23, "end": 3202.25, "word": " of", "probability": 0.990234375 }, { "start": 3202.25, "end": 3202.37, "word": " like", "probability": 1.0 }, { "start": 3202.37, "end": 3202.57, "word": " did", "probability": 0.99951171875 }, { "start": 3202.57, "end": 3202.73, "word": " that", "probability": 1.0 }, { "start": 3202.73, "end": 3203.09, "word": " happen", "probability": 0.99951171875 }, { "start": 3203.09, "end": 3203.61, "word": " and", "probability": 0.99853515625 }, { "start": 3203.61, "end": 3203.91, "word": " like", "probability": 1.0 }, { "start": 3203.91, "end": 3204.37, "word": " if", "probability": 1.0 }, { "start": 3204.37, "end": 3204.51, "word": " it", "probability": 1.0 }, { "start": 3204.51, "end": 3204.67, "word": " did", "probability": 1.0 }, { "start": 3204.67, "end": 3205.05, "word": " happen", "probability": 0.99951171875 }, { "start": 3205.05, "end": 3205.33, "word": " it", "probability": 0.24755859375 }, { "start": 3205.33, "end": 3205.75, "word": " is", "probability": 0.9990234375 } ] }, { "start": 3205.75, "end": 3210.31, "text": "is the narrative blowing it out of proportion or shrinking it compared to what's happening why is", "avg_logprob": -0.08460022576220401, "no_speech_prob": 0.0, "words": [ { "start": 3205.75, "end": 3205.99, "word": " is", "probability": 0.30908203125 }, { "start": 3205.99, "end": 3206.09, "word": " the", "probability": 0.97119140625 }, { "start": 3206.09, "end": 3206.49, "word": " narrative", "probability": 0.9990234375 }, { "start": 3206.49, "end": 3207.45, "word": " blowing", "probability": 0.99560546875 }, { "start": 3207.45, "end": 3207.59, "word": " it", "probability": 0.9443359375 }, { "start": 3207.59, "end": 3207.65, "word": " out", "probability": 0.9990234375 }, { "start": 3207.65, "end": 3207.75, "word": " of", "probability": 0.97216796875 }, { "start": 3207.75, "end": 3208.11, "word": " proportion", "probability": 0.99951171875 }, { "start": 3208.11, "end": 3208.29, "word": " or", "probability": 0.998046875 }, { "start": 3208.29, "end": 3208.57, "word": " shrinking", "probability": 1.0 }, { "start": 3208.57, "end": 3208.81, "word": " it", "probability": 0.99951171875 }, { "start": 3208.81, "end": 3209.11, "word": " compared", "probability": 0.9970703125 }, { "start": 3209.11, "end": 3209.29, "word": " to", "probability": 1.0 }, { "start": 3209.29, "end": 3209.63, "word": " what's", "probability": 0.99951171875 }, { "start": 3209.63, "end": 3209.93, "word": " happening", "probability": 0.99951171875 }, { "start": 3209.93, "end": 3210.17, "word": " why", "probability": 0.004535675048828125 }, { "start": 3210.17, "end": 3210.31, "word": " is", "probability": 0.99658203125 } ] }, { "start": 3210.31, "end": 3215.25, "text": "my intent like is the out it out of 10 things that happened why is the algorithm focusing on", "avg_logprob": -0.08460022576220401, "no_speech_prob": 0.0, "words": [ { "start": 3210.31, "end": 3210.43, "word": " my", "probability": 0.99560546875 }, { "start": 3210.43, "end": 3210.65, "word": " intent", "probability": 0.43505859375 }, { "start": 3210.65, "end": 3210.85, "word": " like", "probability": 0.95947265625 }, { "start": 3210.85, "end": 3211.33, "word": " is", "probability": 0.98681640625 }, { "start": 3211.33, "end": 3211.45, "word": " the", "probability": 0.666015625 }, { "start": 3211.45, "end": 3211.67, "word": " out", "probability": 0.97607421875 }, { "start": 3211.67, "end": 3211.85, "word": " it", "probability": 0.418212890625 }, { "start": 3211.85, "end": 3212.43, "word": " out", "probability": 0.99951171875 }, { "start": 3212.43, "end": 3212.53, "word": " of", "probability": 1.0 }, { "start": 3212.53, "end": 3212.75, "word": " 10", "probability": 0.91357421875 }, { "start": 3212.75, "end": 3213.01, "word": " things", "probability": 1.0 }, { "start": 3213.01, "end": 3213.13, "word": " that", "probability": 0.9990234375 }, { "start": 3213.13, "end": 3213.47, "word": " happened", "probability": 0.7431640625 }, { "start": 3213.47, "end": 3213.73, "word": " why", "probability": 0.9990234375 }, { "start": 3213.73, "end": 3213.87, "word": " is", "probability": 1.0 }, { "start": 3213.87, "end": 3213.95, "word": " the", "probability": 0.99951171875 }, { "start": 3213.95, "end": 3214.29, "word": " algorithm", "probability": 0.99951171875 }, { "start": 3214.29, "end": 3215.07, "word": " focusing", "probability": 1.0 }, { "start": 3215.07, "end": 3215.25, "word": " on", "probability": 1.0 } ] }, { "start": 3215.25, "end": 3220.55, "text": "this one is this actually the biggest thing maybe it is or is it just that the algorithm wants me", "avg_logprob": -0.08460022576220401, "no_speech_prob": 0.0, "words": [ { "start": 3215.25, "end": 3215.41, "word": " this", "probability": 1.0 }, { "start": 3215.41, "end": 3215.57, "word": " one", "probability": 1.0 }, { "start": 3215.57, "end": 3215.71, "word": " is", "probability": 0.99853515625 }, { "start": 3215.71, "end": 3215.83, "word": " this", "probability": 0.998046875 }, { "start": 3215.83, "end": 3216.23, "word": " actually", "probability": 1.0 }, { "start": 3216.23, "end": 3216.41, "word": " the", "probability": 1.0 }, { "start": 3216.41, "end": 3216.81, "word": " biggest", "probability": 0.9921875 }, { "start": 3216.81, "end": 3217.09, "word": " thing", "probability": 1.0 }, { "start": 3217.09, "end": 3217.55, "word": " maybe", "probability": 0.99853515625 }, { "start": 3217.55, "end": 3217.71, "word": " it", "probability": 1.0 }, { "start": 3217.71, "end": 3218.03, "word": " is", "probability": 1.0 }, { "start": 3218.03, "end": 3218.85, "word": " or", "probability": 0.99951171875 }, { "start": 3218.85, "end": 3219.25, "word": " is", "probability": 1.0 }, { "start": 3219.25, "end": 3219.37, "word": " it", "probability": 1.0 }, { "start": 3219.37, "end": 3219.51, "word": " just", "probability": 1.0 }, { "start": 3219.51, "end": 3219.67, "word": " that", "probability": 0.99951171875 }, { "start": 3219.67, "end": 3219.79, "word": " the", "probability": 1.0 }, { "start": 3219.79, "end": 3220.15, "word": " algorithm", "probability": 1.0 }, { "start": 3220.15, "end": 3220.43, "word": " wants", "probability": 1.0 }, { "start": 3220.43, "end": 3220.55, "word": " me", "probability": 0.9990234375 } ] }, { "start": 3220.55, "end": 3224.17, "text": "to look at this thing because it doesn't want me to look at this other thing and and so that clutter", "avg_logprob": -0.08460022576220401, "no_speech_prob": 0.0, "words": [ { "start": 3220.55, "end": 3220.61, "word": " to", "probability": 1.0 }, { "start": 3220.61, "end": 3220.75, "word": " look", "probability": 1.0 }, { "start": 3220.75, "end": 3220.85, "word": " at", "probability": 1.0 }, { "start": 3220.85, "end": 3221.05, "word": " this", "probability": 1.0 }, { "start": 3221.05, "end": 3221.23, "word": " thing", "probability": 1.0 }, { "start": 3221.23, "end": 3221.41, "word": " because", "probability": 0.99951171875 }, { "start": 3221.41, "end": 3221.51, "word": " it", "probability": 0.99951171875 }, { "start": 3221.51, "end": 3221.71, "word": " doesn't", "probability": 1.0 }, { "start": 3221.71, "end": 3221.79, "word": " want", "probability": 1.0 }, { "start": 3221.79, "end": 3221.89, "word": " me", "probability": 0.99560546875 }, { "start": 3221.89, "end": 3221.93, "word": " to", "probability": 0.974609375 }, { "start": 3221.93, "end": 3222.03, "word": " look", "probability": 0.99951171875 }, { "start": 3222.03, "end": 3222.11, "word": " at", "probability": 1.0 }, { "start": 3222.11, "end": 3222.25, "word": " this", "probability": 1.0 }, { "start": 3222.25, "end": 3222.41, "word": " other", "probability": 1.0 }, { "start": 3222.41, "end": 3222.65, "word": " thing", "probability": 1.0 }, { "start": 3222.65, "end": 3223.17, "word": " and", "probability": 0.998046875 }, { "start": 3223.17, "end": 3223.37, "word": " and", "probability": 0.9931640625 }, { "start": 3223.37, "end": 3223.57, "word": " so", "probability": 1.0 }, { "start": 3223.57, "end": 3223.77, "word": " that", "probability": 1.0 }, { "start": 3223.77, "end": 3224.17, "word": " clutter", "probability": 1.0 } ] }, { "start": 3224.69, "end": 3230.11, "text": "in some ways it shrinks our world back down because people are just kind of like that's all", "avg_logprob": -0.08460022576220401, "no_speech_prob": 0.0, "words": [ { "start": 3224.69, "end": 3224.89, "word": " in", "probability": 1.0 }, { "start": 3224.89, "end": 3225.13, "word": " some", "probability": 1.0 }, { "start": 3225.13, "end": 3225.53, "word": " ways", "probability": 1.0 }, { "start": 3225.53, "end": 3226.27, "word": " it", "probability": 0.763671875 }, { "start": 3226.27, "end": 3226.55, "word": " shrinks", "probability": 0.999755859375 }, { "start": 3226.55, "end": 3226.69, "word": " our", "probability": 1.0 }, { "start": 3226.69, "end": 3226.95, "word": " world", "probability": 1.0 }, { "start": 3226.95, "end": 3227.19, "word": " back", "probability": 1.0 }, { "start": 3227.19, "end": 3227.47, "word": " down", "probability": 1.0 }, { "start": 3227.47, "end": 3227.85, "word": " because", "probability": 1.0 }, { "start": 3227.85, "end": 3228.07, "word": " people", "probability": 1.0 }, { "start": 3228.07, "end": 3228.21, "word": " are", "probability": 0.99365234375 }, { "start": 3228.21, "end": 3228.29, "word": " just", "probability": 0.9970703125 }, { "start": 3228.29, "end": 3228.43, "word": " kind", "probability": 1.0 }, { "start": 3228.43, "end": 3228.49, "word": " of", "probability": 1.0 }, { "start": 3228.49, "end": 3228.75, "word": " like", "probability": 1.0 }, { "start": 3228.75, "end": 3229.87, "word": " that's", "probability": 1.0 }, { "start": 3229.87, "end": 3230.11, "word": " all", "probability": 1.0 } ] }, { "start": 3230.11, "end": 3236.51, "text": "crazy and messy and sad. So I'm going to focus a little bit more locally. And I think that's", "avg_logprob": -0.11427695808165214, "no_speech_prob": 0.0, "words": [ { "start": 3230.11, "end": 3230.73, "word": " crazy", "probability": 0.9306640625 }, { "start": 3230.73, "end": 3230.91, "word": " and", "probability": 0.98974609375 }, { "start": 3230.91, "end": 3231.15, "word": " messy", "probability": 0.99951171875 }, { "start": 3231.15, "end": 3231.31, "word": " and", "probability": 0.99951171875 }, { "start": 3231.31, "end": 3231.69, "word": " sad.", "probability": 1.0 }, { "start": 3232.49, "end": 3232.85, "word": " So", "probability": 0.98583984375 }, { "start": 3232.85, "end": 3233.21, "word": " I'm", "probability": 0.98681640625 }, { "start": 3233.21, "end": 3233.29, "word": " going", "probability": 0.91943359375 }, { "start": 3233.29, "end": 3233.51, "word": " to", "probability": 1.0 }, { "start": 3233.51, "end": 3234.69, "word": " focus", "probability": 0.9990234375 }, { "start": 3234.69, "end": 3234.87, "word": " a", "probability": 1.0 }, { "start": 3234.87, "end": 3234.91, "word": " little", "probability": 0.99951171875 }, { "start": 3234.91, "end": 3235.03, "word": " bit", "probability": 0.99951171875 }, { "start": 3235.03, "end": 3235.21, "word": " more", "probability": 1.0 }, { "start": 3235.21, "end": 3235.63, "word": " locally.", "probability": 0.99951171875 }, { "start": 3235.87, "end": 3235.95, "word": " And", "probability": 0.9921875 }, { "start": 3235.95, "end": 3236.21, "word": " I", "probability": 0.982421875 }, { "start": 3236.21, "end": 3236.31, "word": " think", "probability": 1.0 }, { "start": 3236.31, "end": 3236.51, "word": " that's", "probability": 1.0 } ] }, { "start": 3236.51, "end": 3241.11, "text": "actually kind of like a kind of a trend that technology has sort of contributed to.", "avg_logprob": -0.11427695808165214, "no_speech_prob": 0.0, "words": [ { "start": 3236.51, "end": 3236.69, "word": " actually", "probability": 0.9697265625 }, { "start": 3236.69, "end": 3236.83, "word": " kind", "probability": 0.97802734375 }, { "start": 3236.83, "end": 3236.89, "word": " of", "probability": 1.0 }, { "start": 3236.89, "end": 3237.01, "word": " like", "probability": 0.77099609375 }, { "start": 3237.01, "end": 3237.27, "word": " a", "probability": 0.99853515625 }, { "start": 3237.27, "end": 3237.85, "word": " kind", "probability": 0.515625 }, { "start": 3237.85, "end": 3237.95, "word": " of", "probability": 1.0 }, { "start": 3237.95, "end": 3238.03, "word": " a", "probability": 0.9970703125 }, { "start": 3238.03, "end": 3238.41, "word": " trend", "probability": 1.0 }, { "start": 3238.41, "end": 3239.09, "word": " that", "probability": 0.998046875 }, { "start": 3239.09, "end": 3239.61, "word": " technology", "probability": 1.0 }, { "start": 3239.61, "end": 3239.93, "word": " has", "probability": 1.0 }, { "start": 3239.93, "end": 3240.29, "word": " sort", "probability": 0.7978515625 }, { "start": 3240.29, "end": 3240.43, "word": " of", "probability": 1.0 }, { "start": 3240.43, "end": 3240.83, "word": " contributed", "probability": 1.0 }, { "start": 3240.83, "end": 3241.11, "word": " to.", "probability": 1.0 } ] }, { "start": 3241.71, "end": 3245.67, "text": "Fantastic stuff. Lynn, such a great, fun conversation. Thank you for wearing so many", "avg_logprob": -0.11427695808165214, "no_speech_prob": 0.0, "words": [ { "start": 3241.71, "end": 3242.07, "word": " Fantastic", "probability": 0.994140625 }, { "start": 3242.07, "end": 3242.43, "word": " stuff.", "probability": 1.0 }, { "start": 3242.79, "end": 3242.97, "word": " Lynn,", "probability": 0.865234375 }, { "start": 3243.09, "end": 3243.23, "word": " such", "probability": 0.99951171875 }, { "start": 3243.23, "end": 3243.35, "word": " a", "probability": 1.0 }, { "start": 3243.35, "end": 3243.63, "word": " great,", "probability": 1.0 }, { "start": 3243.81, "end": 3243.93, "word": " fun", "probability": 1.0 }, { "start": 3243.93, "end": 3244.55, "word": " conversation.", "probability": 1.0 }, { "start": 3244.77, "end": 3244.85, "word": " Thank", "probability": 1.0 }, { "start": 3244.85, "end": 3245.01, "word": " you", "probability": 1.0 }, { "start": 3245.01, "end": 3245.15, "word": " for", "probability": 1.0 }, { "start": 3245.15, "end": 3245.35, "word": " wearing", "probability": 0.99951171875 }, { "start": 3245.35, "end": 3245.53, "word": " so", "probability": 1.0 }, { "start": 3245.53, "end": 3245.67, "word": " many", "probability": 1.0 } ] }, { "start": 3245.67, "end": 3249.77, "text": "different hats with us today. But it was great to get your thoughts on so many different subjects.", "avg_logprob": -0.11427695808165214, "no_speech_prob": 0.0, "words": [ { "start": 3245.67, "end": 3245.93, "word": " different", "probability": 0.99951171875 }, { "start": 3245.93, "end": 3246.19, "word": " hats", "probability": 1.0 }, { "start": 3246.19, "end": 3246.37, "word": " with", "probability": 1.0 }, { "start": 3246.37, "end": 3246.53, "word": " us", "probability": 1.0 }, { "start": 3246.53, "end": 3246.83, "word": " today.", "probability": 1.0 }, { "start": 3246.97, "end": 3247.33, "word": " But", "probability": 0.99951171875 }, { "start": 3247.33, "end": 3247.89, "word": " it", "probability": 0.779296875 }, { "start": 3247.89, "end": 3248.03, "word": " was", "probability": 1.0 }, { "start": 3248.03, "end": 3248.19, "word": " great", "probability": 1.0 }, { "start": 3248.19, "end": 3248.31, "word": " to", "probability": 1.0 }, { "start": 3248.31, "end": 3248.41, "word": " get", "probability": 1.0 }, { "start": 3248.41, "end": 3248.51, "word": " your", "probability": 1.0 }, { "start": 3248.51, "end": 3248.71, "word": " thoughts", "probability": 1.0 }, { "start": 3248.71, "end": 3248.89, "word": " on", "probability": 1.0 }, { "start": 3248.89, "end": 3248.99, "word": " so", "probability": 0.99951171875 }, { "start": 3248.99, "end": 3249.11, "word": " many", "probability": 1.0 }, { "start": 3249.11, "end": 3249.33, "word": " different", "probability": 1.0 }, { "start": 3249.33, "end": 3249.77, "word": " subjects.", "probability": 1.0 } ] }, { "start": 3249.95, "end": 3251.97, "text": "So appreciate it. Of course. Thank you for having me.", "avg_logprob": -0.11427695808165214, "no_speech_prob": 0.0, "words": [ { "start": 3249.95, "end": 3250.03, "word": " So", "probability": 0.9990234375 }, { "start": 3250.03, "end": 3250.31, "word": " appreciate", "probability": 0.9921875 }, { "start": 3250.31, "end": 3250.67, "word": " it.", "probability": 1.0 }, { "start": 3250.95, "end": 3251.03, "word": " Of", "probability": 0.99755859375 }, { "start": 3251.03, "end": 3251.21, "word": " course.", "probability": 1.0 }, { "start": 3251.33, "end": 3251.39, "word": " Thank", "probability": 1.0 }, { "start": 3251.39, "end": 3251.51, "word": " you", "probability": 1.0 }, { "start": 3251.51, "end": 3251.63, "word": " for", "probability": 1.0 }, { "start": 3251.63, "end": 3251.79, "word": " having", "probability": 1.0 }, { "start": 3251.79, "end": 3251.97, "word": " me.", "probability": 1.0 } ] } ], "diarization": { "model": "nvidia/Nemotron-3-Diarization", "revision": "f667ed73aee57d40cc39428eb768b4fd87a0a29e", "backend": "transformers", "backend_version": "5.18.0", "torch_version": "2.13.0+cu130", "device": "cuda:0", "gpu": "NVIDIA GeForce RTX 4090", "compute_type": "float32", "options": { "threshold": 0.5, "chunk_length": 340, "chunk_right_context": 40 }, "exclusive_policy": "Highest activity probability during overlap; raw turns retained", "duration": 3257.8060625, "processing_seconds": 3.851293770000666, "started_at": "2026-10-19T22:07:55.446130+00:00", "finished_at": "2026-10-19T22:07:59.297439+00:00", "turns": [ { "start": 0.06, "end": 13.75, "speaker": "Speaker 1" }, { "start": 18.82, "end": 21.54, "speaker": "Speaker 2" }, { "start": 21.73, "end": 22.63, "speaker": "Speaker 1" }, { "start": 22.64, "end": 22.68, "speaker": "Speaker 1" }, { "start": 22.83, "end": 22.87, "speaker": "Speaker 1" }, { "start": 23.08, "end": 28.06, "speaker": "Speaker 2" }, { "start": 28.53, "end": 31.05, "speaker": "Speaker 2" }, { "start": 31.35, "end": 33.4, "speaker": "Speaker 1" }, { "start": 33.77, "end": 38.51, "speaker": "Speaker 1" }, { "start": 38.88, "end": 39.47, "speaker": "Speaker 1" }, { "start": 39.8, "end": 45.08, "speaker": "Speaker 1" }, { "start": 45.62, "end": 47.13, "speaker": "Speaker 1" }, { "start": 47.47, "end": 47.86, "speaker": "Speaker 1" }, { "start": 48.6, "end": 51.2, "speaker": "Speaker 1" }, { "start": 51.62, "end": 52.98, "speaker": "Speaker 1" }, { "start": 53.38, "end": 54.44, "speaker": "Speaker 1" }, { "start": 54.71, "end": 61.62, "speaker": "Speaker 1" }, { "start": 61.72, "end": 62.0, "speaker": "Speaker 2" }, { "start": 61.97, "end": 65.43, "speaker": "Speaker 1" }, { "start": 65.79, "end": 68.96, "speaker": "Speaker 1" }, { "start": 69.34, "end": 72.48, "speaker": "Speaker 1" }, { "start": 72.74, "end": 74.44, "speaker": "Speaker 1" }, { "start": 74.91, "end": 78.47, "speaker": "Speaker 1" }, { "start": 78.84, "end": 82.26, "speaker": "Speaker 1" }, { "start": 83.04, "end": 86.35, "speaker": "Speaker 1" }, { "start": 86.9, "end": 94.6, "speaker": "Speaker 1" }, { "start": 94.96, "end": 96.26, "speaker": "Speaker 1" }, { "start": 96.58, "end": 98.58, "speaker": "Speaker 1" }, { "start": 99.08, "end": 106.4, "speaker": "Speaker 2" }, { "start": 106.6, "end": 109.77, "speaker": "Speaker 2" }, { "start": 109.98, "end": 112.0, "speaker": "Speaker 2" }, { "start": 112.61, "end": 113.23, "speaker": "Speaker 2" }, { "start": 114.19, "end": 115.5, "speaker": "Speaker 2" }, { "start": 115.71, "end": 117.28, "speaker": "Speaker 2" }, { "start": 117.57, "end": 119.41, "speaker": "Speaker 2" }, { "start": 119.75, "end": 124.62, "speaker": "Speaker 2" }, { "start": 124.89, "end": 130.3, "speaker": "Speaker 2" }, { "start": 130.54, "end": 136.87, "speaker": "Speaker 1" }, { "start": 137.34, "end": 142.8, "speaker": "Speaker 1" }, { "start": 143.64, "end": 144.84, "speaker": "Speaker 1" }, { "start": 145.35, "end": 149.55, "speaker": "Speaker 1" }, { "start": 150.05, "end": 151.19, "speaker": "Speaker 1" }, { "start": 151.53, "end": 153.06, "speaker": "Speaker 1" }, { "start": 153.59, "end": 156.1, "speaker": "Speaker 1" }, { "start": 156.49, "end": 159.94, "speaker": "Speaker 1" }, { "start": 160.26, "end": 162.29, "speaker": "Speaker 1" }, { "start": 162.54, "end": 164.56, "speaker": "Speaker 1" }, { "start": 164.86, "end": 169.35, "speaker": "Speaker 1" }, { "start": 169.71, "end": 174.04, "speaker": "Speaker 1" }, { "start": 174.37, "end": 174.72, "speaker": "Speaker 1" }, { "start": 175.0, "end": 181.43, "speaker": "Speaker 1" }, { "start": 181.72, "end": 185.24, "speaker": "Speaker 1" }, { "start": 185.62, "end": 188.31, "speaker": "Speaker 1" }, { "start": 188.66, "end": 194.33, "speaker": "Speaker 1" }, { "start": 194.61, "end": 196.67, "speaker": "Speaker 1" }, { "start": 197.03, "end": 199.21, "speaker": "Speaker 1" }, { "start": 199.7, "end": 200.1, "speaker": "Speaker 1" }, { "start": 200.53, "end": 200.94, "speaker": "Speaker 1" }, { "start": 201.49, "end": 204.9, "speaker": "Speaker 1" }, { "start": 205.14, "end": 209.61, "speaker": "Speaker 1" }, { "start": 210.11, "end": 210.59, "speaker": "Speaker 1" }, { "start": 210.92, "end": 212.85, "speaker": "Speaker 1" }, { "start": 213.1, "end": 219.32, "speaker": "Speaker 1" }, { "start": 219.81, "end": 221.07, "speaker": "Speaker 1" }, { "start": 221.42, "end": 223.35, "speaker": "Speaker 1" }, { "start": 223.76, "end": 229.0, "speaker": "Speaker 1" }, { "start": 229.48, "end": 232.17, "speaker": "Speaker 1" }, { "start": 232.44, "end": 232.64, "speaker": "Speaker 2" }, { "start": 232.5, "end": 234.51, "speaker": "Speaker 1" }, { "start": 234.95, "end": 235.45, "speaker": "Speaker 1" }, { "start": 235.66, "end": 239.97, "speaker": "Speaker 1" }, { "start": 240.46, "end": 241.02, "speaker": "Speaker 1" }, { "start": 241.37, "end": 243.88, "speaker": "Speaker 1" }, { "start": 244.13, "end": 246.88, "speaker": "Speaker 1" }, { "start": 247.59, "end": 249.12, "speaker": "Speaker 1" }, { "start": 249.43, "end": 250.39, "speaker": "Speaker 1" }, { "start": 251.2, "end": 252.11, "speaker": "Speaker 1" }, { "start": 252.74, "end": 256.37, "speaker": "Speaker 1" }, { "start": 256.67, "end": 259.41, "speaker": "Speaker 1" }, { "start": 259.8, "end": 261.14, "speaker": "Speaker 1" }, { "start": 261.53, "end": 263.97, "speaker": "Speaker 1" }, { "start": 264.18, "end": 266.79, "speaker": "Speaker 1" }, { "start": 267.26, "end": 268.86, "speaker": "Speaker 1" }, { "start": 269.22, "end": 270.59, "speaker": "Speaker 1" }, { "start": 270.95, "end": 271.67, "speaker": "Speaker 1" }, { "start": 272.15, "end": 282.62, "speaker": "Speaker 1" }, { "start": 283.04, "end": 283.42, "speaker": "Speaker 1" }, { "start": 283.8, "end": 287.24, "speaker": "Speaker 1" }, { "start": 288.19, "end": 288.39, "speaker": "Speaker 1" }, { "start": 288.83, "end": 291.64, "speaker": "Speaker 1" }, { "start": 292.19, "end": 293.85, "speaker": "Speaker 1" }, { "start": 294.21, "end": 298.14, "speaker": "Speaker 1" }, { "start": 298.47, "end": 300.1, "speaker": "Speaker 1" }, { "start": 300.69, "end": 303.21, "speaker": "Speaker 1" }, { "start": 303.79, "end": 304.9, "speaker": "Speaker 1" }, { "start": 304.46, "end": 304.62, "speaker": "Speaker 2" }, { "start": 305.16, "end": 309.89, "speaker": "Speaker 1" }, { "start": 310.25, "end": 313.42, "speaker": "Speaker 1" }, { "start": 313.89, "end": 315.72, "speaker": "Speaker 1" }, { "start": 315.82, "end": 320.89, "speaker": "Speaker 2" }, { "start": 321.12, "end": 324.8, "speaker": "Speaker 2" }, { "start": 325.04, "end": 325.7, "speaker": "Speaker 2" }, { "start": 326.0, "end": 329.78, "speaker": "Speaker 2" }, { "start": 330.27, "end": 339.3, "speaker": "Speaker 2" }, { "start": 339.7, "end": 342.29, "speaker": "Speaker 2" }, { "start": 342.75, "end": 348.0, "speaker": "Speaker 2" }, { "start": 348.26, "end": 350.52, "speaker": "Speaker 2" }, { "start": 350.86, "end": 355.82, "speaker": "Speaker 2" }, { "start": 356.07, "end": 360.13, "speaker": "Speaker 2" }, { "start": 360.34, "end": 363.54, "speaker": "Speaker 2" }, { "start": 363.86, "end": 369.33, "speaker": "Speaker 1" }, { "start": 369.63, "end": 371.2, "speaker": "Speaker 1" }, { "start": 371.62, "end": 374.59, "speaker": "Speaker 1" }, { "start": 375.06, "end": 381.32, "speaker": "Speaker 1" }, { "start": 381.74, "end": 384.48, "speaker": "Speaker 1" }, { "start": 384.82, "end": 389.35, "speaker": "Speaker 1" }, { "start": 389.26, "end": 389.41, "speaker": "Speaker 2" }, { "start": 389.82, "end": 390.6, "speaker": "Speaker 1" }, { "start": 390.82, "end": 394.42, "speaker": "Speaker 1" }, { "start": 394.74, "end": 399.19, "speaker": "Speaker 1" }, { "start": 399.54, "end": 402.33, "speaker": "Speaker 1" }, { "start": 402.56, "end": 406.92, "speaker": "Speaker 1" }, { "start": 407.23, "end": 407.91, "speaker": "Speaker 1" }, { "start": 408.22, "end": 411.15, "speaker": "Speaker 1" }, { "start": 411.41, "end": 415.9, "speaker": "Speaker 1" }, { "start": 416.47, "end": 417.82, "speaker": "Speaker 1" }, { "start": 418.7, "end": 419.95, "speaker": "Speaker 1" }, { "start": 420.3, "end": 422.67, "speaker": "Speaker 1" }, { "start": 423.23, "end": 427.11, "speaker": "Speaker 1" }, { "start": 427.41, "end": 428.82, "speaker": "Speaker 1" }, { "start": 429.44, "end": 431.49, "speaker": "Speaker 1" }, { "start": 431.67, "end": 434.27, "speaker": "Speaker 1" }, { "start": 434.68, "end": 437.77, "speaker": "Speaker 1" }, { "start": 438.15, "end": 444.37, "speaker": "Speaker 1" }, { "start": 444.76, "end": 445.26, "speaker": "Speaker 1" }, { "start": 445.65, "end": 448.41, "speaker": "Speaker 1" }, { "start": 448.84, "end": 452.73, "speaker": "Speaker 1" }, { "start": 453.12, "end": 460.36, "speaker": "Speaker 1" }, { "start": 460.69, "end": 461.03, "speaker": "Speaker 2" }, { "start": 461.52, "end": 462.66, "speaker": "Speaker 2" }, { "start": 463.01, "end": 466.69, "speaker": "Speaker 2" }, { "start": 467.04, "end": 473.92, "speaker": "Speaker 2" }, { "start": 474.29, "end": 474.73, "speaker": "Speaker 2" }, { "start": 475.06, "end": 480.01, "speaker": "Speaker 2" }, { "start": 480.37, "end": 485.72, "speaker": "Speaker 2" }, { "start": 486.07, "end": 490.8, "speaker": "Speaker 2" }, { "start": 490.98, "end": 492.09, "speaker": "Speaker 2" }, { "start": 492.4, "end": 497.2, "speaker": "Speaker 2" }, { "start": 497.44, "end": 504.14, "speaker": "Speaker 1" }, { "start": 504.61, "end": 512.05, "speaker": "Speaker 1" }, { "start": 512.54, "end": 516.34, "speaker": "Speaker 1" }, { "start": 516.63, "end": 519.87, "speaker": "Speaker 1" }, { "start": 520.11, "end": 521.22, "speaker": "Speaker 1" }, { "start": 521.72, "end": 524.63, "speaker": "Speaker 1" }, { "start": 524.89, "end": 526.4, "speaker": "Speaker 1" }, { "start": 526.93, "end": 529.64, "speaker": "Speaker 1" }, { "start": 529.88, "end": 535.03, "speaker": "Speaker 1" }, { "start": 535.37, "end": 537.85, "speaker": "Speaker 1" }, { "start": 538.13, "end": 538.87, "speaker": "Speaker 1" }, { "start": 539.11, "end": 540.86, "speaker": "Speaker 1" }, { "start": 541.26, "end": 543.48, "speaker": "Speaker 1" }, { "start": 543.97, "end": 546.7, "speaker": "Speaker 1" }, { "start": 547.35, "end": 550.83, "speaker": "Speaker 1" }, { "start": 551.35, "end": 553.18, "speaker": "Speaker 1" }, { "start": 553.52, "end": 555.34, "speaker": "Speaker 1" }, { "start": 553.64, "end": 553.81, "speaker": "Speaker 2" }, { "start": 555.68, "end": 559.53, "speaker": "Speaker 1" }, { "start": 559.98, "end": 562.82, "speaker": "Speaker 1" }, { "start": 563.7, "end": 566.82, "speaker": "Speaker 1" }, { "start": 567.01, "end": 570.65, "speaker": "Speaker 1" }, { "start": 571.01, "end": 571.53, "speaker": "Speaker 1" }, { "start": 571.02, "end": 571.56, "speaker": "Speaker 2" }, { "start": 571.7, "end": 575.96, "speaker": "Speaker 2" }, { "start": 577.49, "end": 578.04, "speaker": "Speaker 2" }, { "start": 578.67, "end": 586.55, "speaker": "Speaker 2" }, { "start": 586.73, "end": 590.1, "speaker": "Speaker 2" }, { "start": 590.48, "end": 592.88, "speaker": "Speaker 2" }, { "start": 593.18, "end": 597.29, "speaker": "Speaker 2" }, { "start": 597.72, "end": 599.68, "speaker": "Speaker 2" }, { "start": 600.09, "end": 602.53, "speaker": "Speaker 2" }, { "start": 602.97, "end": 609.05, "speaker": "Speaker 1" }, { "start": 609.5, "end": 614.37, "speaker": "Speaker 1" }, { "start": 614.64, "end": 615.89, "speaker": "Speaker 1" }, { "start": 616.18, "end": 619.97, "speaker": "Speaker 1" }, { "start": 620.38, "end": 622.32, "speaker": "Speaker 1" }, { "start": 622.53, "end": 623.8, "speaker": "Speaker 1" }, { "start": 624.25, "end": 626.03, "speaker": "Speaker 1" }, { "start": 625.53, "end": 625.97, "speaker": "Speaker 2" }, { "start": 626.33, "end": 627.88, "speaker": "Speaker 1" }, { "start": 628.25, "end": 631.41, "speaker": "Speaker 1" }, { "start": 631.72, "end": 634.99, "speaker": "Speaker 1" }, { "start": 635.3, "end": 637.78, "speaker": "Speaker 1" }, { "start": 635.61, "end": 635.74, "speaker": "Speaker 2" }, { "start": 636.77, "end": 636.94, "speaker": "Speaker 2" }, { "start": 638.06, "end": 638.93, "speaker": "Speaker 1" }, { "start": 639.3, "end": 640.26, "speaker": "Speaker 1" }, { "start": 640.83, "end": 644.19, "speaker": "Speaker 1" }, { "start": 644.35, "end": 644.99, "speaker": "Speaker 1" }, { "start": 645.35, "end": 649.34, "speaker": "Speaker 1" }, { "start": 649.66, "end": 655.0, "speaker": "Speaker 1" }, { "start": 652.84, "end": 653.08, "speaker": "Speaker 2" }, { "start": 655.42, "end": 656.95, "speaker": "Speaker 1" }, { "start": 657.16, "end": 661.77, "speaker": "Speaker 1" }, { "start": 661.98, "end": 662.3, "speaker": "Speaker 2" }, { "start": 662.11, "end": 664.26, "speaker": "Speaker 1" }, { "start": 664.81, "end": 666.0, "speaker": "Speaker 1" }, { "start": 666.42, "end": 666.86, "speaker": "Speaker 1" }, { "start": 667.48, "end": 672.65, "speaker": "Speaker 1" }, { "start": 672.96, "end": 674.26, "speaker": "Speaker 1" }, { "start": 674.63, "end": 674.97, "speaker": "Speaker 2" }, { "start": 674.74, "end": 675.23, "speaker": "Speaker 1" }, { "start": 675.72, "end": 676.22, "speaker": "Speaker 1" }, { "start": 676.52, "end": 678.26, "speaker": "Speaker 1" }, { "start": 678.77, "end": 681.25, "speaker": "Speaker 1" }, { "start": 681.64, "end": 682.8, "speaker": "Speaker 1" }, { "start": 683.0, "end": 684.76, "speaker": "Speaker 1" }, { "start": 685.06, "end": 685.52, "speaker": "Speaker 1" }, { "start": 686.13, "end": 689.25, "speaker": "Speaker 1" }, { "start": 689.53, "end": 693.64, "speaker": "Speaker 1" }, { "start": 693.8, "end": 694.26, "speaker": "Speaker 2" }, { "start": 694.33, "end": 696.37, "speaker": "Speaker 1" }, { "start": 696.84, "end": 697.46, "speaker": "Speaker 1" }, { "start": 697.77, "end": 699.38, "speaker": "Speaker 1" }, { "start": 699.92, "end": 700.53, "speaker": "Speaker 1" }, { "start": 700.95, "end": 703.11, "speaker": "Speaker 1" }, { "start": 703.38, "end": 704.18, "speaker": "Speaker 1" }, { "start": 704.4, "end": 706.8, "speaker": "Speaker 1" }, { "start": 707.1, "end": 710.36, "speaker": "Speaker 1" }, { "start": 710.79, "end": 717.73, "speaker": "Speaker 1" }, { "start": 718.07, "end": 720.88, "speaker": "Speaker 1" }, { "start": 721.23, "end": 723.98, "speaker": "Speaker 1" }, { "start": 724.3, "end": 724.62, "speaker": "Speaker 2" }, { "start": 725.07, "end": 731.0, "speaker": "Speaker 2" }, { "start": 731.21, "end": 736.8, "speaker": "Speaker 2" }, { "start": 737.4, "end": 738.8, "speaker": "Speaker 2" }, { "start": 739.12, "end": 739.37, "speaker": "Speaker 1" }, { "start": 739.14, "end": 742.98, "speaker": "Speaker 2" }, { "start": 743.33, "end": 746.54, "speaker": "Speaker 2" }, { "start": 746.82, "end": 755.64, "speaker": "Speaker 2" }, { "start": 756.01, "end": 757.43, "speaker": "Speaker 2" }, { "start": 757.91, "end": 759.19, "speaker": "Speaker 2" }, { "start": 759.53, "end": 764.44, "speaker": "Speaker 2" }, { "start": 764.69, "end": 768.68, "speaker": "Speaker 2" }, { "start": 768.94, "end": 771.25, "speaker": "Speaker 2" }, { "start": 771.71, "end": 774.46, "speaker": "Speaker 2" }, { "start": 774.74, "end": 775.29, "speaker": "Speaker 2" }, { "start": 775.8, "end": 781.36, "speaker": "Speaker 2" }, { "start": 781.4, "end": 781.44, "speaker": "Speaker 2" }, { "start": 781.49, "end": 784.19, "speaker": "Speaker 2" }, { "start": 784.74, "end": 789.29, "speaker": "Speaker 2" }, { "start": 789.7, "end": 792.75, "speaker": "Speaker 1" }, { "start": 793.04, "end": 795.64, "speaker": "Speaker 1" }, { "start": 796.11, "end": 800.14, "speaker": "Speaker 1" }, { "start": 800.52, "end": 802.89, "speaker": "Speaker 1" }, { "start": 803.75, "end": 807.87, "speaker": "Speaker 1" }, { "start": 808.13, "end": 808.33, "speaker": "Speaker 2" }, { "start": 808.45, "end": 809.01, "speaker": "Speaker 1" }, { "start": 809.38, "end": 811.94, "speaker": "Speaker 1" }, { "start": 812.44, "end": 812.87, "speaker": "Speaker 1" }, { "start": 813.09, "end": 817.67, "speaker": "Speaker 1" }, { "start": 818.07, "end": 824.25, "speaker": "Speaker 1" }, { "start": 824.45, "end": 825.16, "speaker": "Speaker 1" }, { "start": 825.57, "end": 826.06, "speaker": "Speaker 1" }, { "start": 826.49, "end": 827.29, "speaker": "Speaker 1" }, { "start": 827.71, "end": 835.78, "speaker": "Speaker 1" }, { "start": 836.2, "end": 838.47, "speaker": "Speaker 1" }, { "start": 838.76, "end": 838.93, "speaker": "Speaker 1" }, { "start": 839.19, "end": 842.75, "speaker": "Speaker 1" }, { "start": 843.09, "end": 844.31, "speaker": "Speaker 1" }, { "start": 844.82, "end": 848.71, "speaker": "Speaker 1" }, { "start": 845.33, "end": 845.59, "speaker": "Speaker 2" }, { "start": 848.93, "end": 851.2, "speaker": "Speaker 1" }, { "start": 851.47, "end": 852.28, "speaker": "Speaker 1" }, { "start": 852.61, "end": 855.41, "speaker": "Speaker 1" }, { "start": 855.8, "end": 857.04, "speaker": "Speaker 1" }, { "start": 857.42, "end": 859.67, "speaker": "Speaker 1" }, { "start": 860.08, "end": 863.5, "speaker": "Speaker 1" }, { "start": 863.96, "end": 864.77, "speaker": "Speaker 1" }, { "start": 865.02, "end": 870.32, "speaker": "Speaker 1" }, { "start": 870.76, "end": 871.24, "speaker": "Speaker 1" }, { "start": 871.64, "end": 872.71, "speaker": "Speaker 1" }, { "start": 873.13, "end": 874.0, "speaker": "Speaker 1" }, { "start": 874.19, "end": 877.85, "speaker": "Speaker 1" }, { "start": 878.26, "end": 884.02, "speaker": "Speaker 1" }, { "start": 884.85, "end": 886.26, "speaker": "Speaker 1" }, { "start": 886.76, "end": 889.11, "speaker": "Speaker 1" }, { "start": 889.51, "end": 892.0, "speaker": "Speaker 1" }, { "start": 892.27, "end": 892.62, "speaker": "Speaker 2" }, { "start": 892.46, "end": 896.27, "speaker": "Speaker 1" }, { "start": 896.75, "end": 901.0, "speaker": "Speaker 1" }, { "start": 901.24, "end": 902.36, "speaker": "Speaker 1" }, { "start": 902.69, "end": 904.98, "speaker": "Speaker 1" }, { "start": 905.25, "end": 909.93, "speaker": "Speaker 1" }, { "start": 910.17, "end": 913.36, "speaker": "Speaker 1" }, { "start": 913.64, "end": 915.22, "speaker": "Speaker 1" }, { "start": 915.68, "end": 916.01, "speaker": "Speaker 2" }, { "start": 915.85, "end": 916.31, "speaker": "Speaker 1" }, { "start": 916.55, "end": 919.41, "speaker": "Speaker 1" }, { "start": 919.87, "end": 921.95, "speaker": "Speaker 1" }, { "start": 922.53, "end": 923.11, "speaker": "Speaker 1" }, { "start": 923.48, "end": 926.99, "speaker": "Speaker 1" }, { "start": 925.59, "end": 926.01, "speaker": "Speaker 2" }, { "start": 927.25, "end": 929.13, "speaker": "Speaker 1" }, { "start": 929.74, "end": 934.64, "speaker": "Speaker 1" }, { "start": 934.92, "end": 937.63, "speaker": "Speaker 1" }, { "start": 937.94, "end": 940.59, "speaker": "Speaker 1" }, { "start": 941.12, "end": 947.79, "speaker": "Speaker 1" }, { "start": 948.16, "end": 949.52, "speaker": "Speaker 1" }, { "start": 949.77, "end": 950.07, "speaker": "Speaker 1" }, { "start": 950.31, "end": 951.53, "speaker": "Speaker 1" }, { "start": 951.85, "end": 952.79, "speaker": "Speaker 1" }, { "start": 953.44, "end": 954.51, "speaker": "Speaker 1" }, { "start": 954.93, "end": 956.15, "speaker": "Speaker 1" }, { "start": 956.49, "end": 958.56, "speaker": "Speaker 1" }, { "start": 958.84, "end": 960.01, "speaker": "Speaker 1" }, { "start": 960.3, "end": 965.31, "speaker": "Speaker 1" }, { "start": 965.62, "end": 966.04, "speaker": "Speaker 1" }, { "start": 966.7, "end": 971.0, "speaker": "Speaker 1" }, { "start": 971.53, "end": 973.7, "speaker": "Speaker 1" }, { "start": 974.02, "end": 975.78, "speaker": "Speaker 1" }, { "start": 976.1, "end": 980.11, "speaker": "Speaker 1" }, { "start": 980.8, "end": 990.73, "speaker": "Speaker 2" }, { "start": 991.11, "end": 994.45, "speaker": "Speaker 2" }, { "start": 994.73, "end": 996.84, "speaker": "Speaker 2" }, { "start": 997.18, "end": 1001.64, "speaker": "Speaker 2" }, { "start": 1002.1, "end": 1007.56, "speaker": "Speaker 2" }, { "start": 1007.77, "end": 1011.04, "speaker": "Speaker 2" }, { "start": 1011.32, "end": 1014.67, "speaker": "Speaker 2" }, { "start": 1015.2, "end": 1015.53, "speaker": "Speaker 2" }, { "start": 1015.91, "end": 1020.66, "speaker": "Speaker 2" }, { "start": 1021.09, "end": 1023.8, "speaker": "Speaker 2" }, { "start": 1024.17, "end": 1026.05, "speaker": "Speaker 2" }, { "start": 1026.42, "end": 1026.85, "speaker": "Speaker 2" }, { "start": 1027.54, "end": 1028.25, "speaker": "Speaker 2" }, { "start": 1028.76, "end": 1035.2, "speaker": "Speaker 2" }, { "start": 1035.82, "end": 1041.28, "speaker": "Speaker 2" }, { "start": 1041.64, "end": 1045.96, "speaker": "Speaker 2" }, { "start": 1046.36, "end": 1048.42, "speaker": "Speaker 1" }, { "start": 1048.64, "end": 1049.19, "speaker": "Speaker 1" }, { "start": 1049.42, "end": 1051.59, "speaker": "Speaker 1" }, { "start": 1051.81, "end": 1056.17, "speaker": "Speaker 1" }, { "start": 1056.67, "end": 1057.21, "speaker": "Speaker 1" }, { "start": 1057.63, "end": 1058.02, "speaker": "Speaker 1" }, { "start": 1058.19, "end": 1062.1, "speaker": "Speaker 1" }, { "start": 1062.38, "end": 1067.72, "speaker": "Speaker 1" }, { "start": 1068.16, "end": 1072.78, "speaker": "Speaker 1" }, { "start": 1073.2, "end": 1074.5, "speaker": "Speaker 1" }, { "start": 1074.96, "end": 1075.44, "speaker": "Speaker 1" }, { "start": 1075.83, "end": 1079.77, "speaker": "Speaker 1" }, { "start": 1080.11, "end": 1082.36, "speaker": "Speaker 1" }, { "start": 1082.62, "end": 1084.26, "speaker": "Speaker 1" }, { "start": 1084.54, "end": 1089.42, "speaker": "Speaker 1" }, { "start": 1089.86, "end": 1090.79, "speaker": "Speaker 1" }, { "start": 1091.09, "end": 1091.93, "speaker": "Speaker 1" }, { "start": 1092.8, "end": 1094.77, "speaker": "Speaker 1" }, { "start": 1094.93, "end": 1097.24, "speaker": "Speaker 1" }, { "start": 1097.77, "end": 1100.65, "speaker": "Speaker 1" }, { "start": 1099.94, "end": 1100.2, "speaker": "Speaker 2" }, { "start": 1100.93, "end": 1105.66, "speaker": "Speaker 1" }, { "start": 1105.99, "end": 1106.41, "speaker": "Speaker 1" }, { "start": 1106.65, "end": 1110.09, "speaker": "Speaker 1" }, { "start": 1110.33, "end": 1117.61, "speaker": "Speaker 1" }, { "start": 1117.88, "end": 1120.4, "speaker": "Speaker 1" }, { "start": 1120.94, "end": 1123.0, "speaker": "Speaker 1" }, { "start": 1123.26, "end": 1125.05, "speaker": "Speaker 1" }, { "start": 1123.28, "end": 1123.51, "speaker": "Speaker 2" }, { "start": 1125.41, "end": 1131.57, "speaker": "Speaker 1" }, { "start": 1131.94, "end": 1132.64, "speaker": "Speaker 1" }, { "start": 1132.94, "end": 1136.33, "speaker": "Speaker 1" }, { "start": 1136.65, "end": 1137.73, "speaker": "Speaker 1" }, { "start": 1138.46, "end": 1140.92, "speaker": "Speaker 1" }, { "start": 1141.2, "end": 1141.47, "speaker": "Speaker 2" }, { "start": 1141.48, "end": 1142.06, "speaker": "Speaker 1" }, { "start": 1142.41, "end": 1143.33, "speaker": "Speaker 1" }, { "start": 1143.91, "end": 1148.9, "speaker": "Speaker 1" }, { "start": 1149.38, "end": 1153.64, "speaker": "Speaker 1" }, { "start": 1154.11, "end": 1159.2, "speaker": "Speaker 1" }, { "start": 1159.52, "end": 1160.59, "speaker": "Speaker 1" }, { "start": 1160.83, "end": 1163.17, "speaker": "Speaker 1" }, { "start": 1163.46, "end": 1165.51, "speaker": "Speaker 1" }, { "start": 1165.75, "end": 1170.77, "speaker": "Speaker 1" }, { "start": 1171.07, "end": 1172.84, "speaker": "Speaker 1" }, { "start": 1173.34, "end": 1176.81, "speaker": "Speaker 1" }, { "start": 1176.22, "end": 1176.48, "speaker": "Speaker 2" }, { "start": 1177.19, "end": 1177.64, "speaker": "Speaker 1" }, { "start": 1178.38, "end": 1184.6, "speaker": "Speaker 1" }, { "start": 1185.06, "end": 1185.41, "speaker": "Speaker 2" }, { "start": 1185.83, "end": 1191.36, "speaker": "Speaker 2" }, { "start": 1191.79, "end": 1193.18, "speaker": "Speaker 2" }, { "start": 1193.62, "end": 1194.01, "speaker": "Speaker 2" }, { "start": 1194.32, "end": 1199.44, "speaker": "Speaker 2" }, { "start": 1199.69, "end": 1203.66, "speaker": "Speaker 2" }, { "start": 1203.86, "end": 1207.31, "speaker": "Speaker 2" }, { "start": 1207.69, "end": 1211.86, "speaker": "Speaker 2" }, { "start": 1212.19, "end": 1216.83, "speaker": "Speaker 2" }, { "start": 1217.08, "end": 1218.79, "speaker": "Speaker 2" }, { "start": 1219.13, "end": 1220.94, "speaker": "Speaker 2" }, { "start": 1221.38, "end": 1222.9, "speaker": "Speaker 2" }, { "start": 1223.59, "end": 1224.02, "speaker": "Speaker 2" }, { "start": 1224.43, "end": 1227.36, "speaker": "Speaker 2" }, { "start": 1228.3, "end": 1236.03, "speaker": "Speaker 2" }, { "start": 1236.25, "end": 1239.76, "speaker": "Speaker 2" }, { "start": 1240.02, "end": 1242.71, "speaker": "Speaker 2" }, { "start": 1243.07, "end": 1247.94, "speaker": "Speaker 1" }, { "start": 1248.33, "end": 1248.82, "speaker": "Speaker 1" }, { "start": 1249.11, "end": 1253.27, "speaker": "Speaker 1" }, { "start": 1253.87, "end": 1258.71, "speaker": "Speaker 1" }, { "start": 1259.04, "end": 1260.37, "speaker": "Speaker 1" }, { "start": 1260.75, "end": 1266.41, "speaker": "Speaker 1" }, { "start": 1266.71, "end": 1267.7, "speaker": "Speaker 1" }, { "start": 1267.88, "end": 1267.99, "speaker": "Speaker 2" }, { "start": 1268.26, "end": 1268.77, "speaker": "Speaker 1" }, { "start": 1269.16, "end": 1269.63, "speaker": "Speaker 1" }, { "start": 1269.95, "end": 1272.06, "speaker": "Speaker 1" }, { "start": 1272.47, "end": 1275.06, "speaker": "Speaker 1" }, { "start": 1275.37, "end": 1279.15, "speaker": "Speaker 1" }, { "start": 1279.56, "end": 1279.97, "speaker": "Speaker 1" }, { "start": 1280.23, "end": 1282.17, "speaker": "Speaker 1" }, { "start": 1282.63, "end": 1287.11, "speaker": "Speaker 1" }, { "start": 1287.75, "end": 1288.32, "speaker": "Speaker 1" }, { "start": 1289.42, "end": 1289.68, "speaker": "Speaker 1" }, { "start": 1289.91, "end": 1292.93, "speaker": "Speaker 1" }, { "start": 1293.34, "end": 1294.56, "speaker": "Speaker 1" }, { "start": 1295.39, "end": 1297.73, "speaker": "Speaker 1" }, { "start": 1295.6, "end": 1295.81, "speaker": "Speaker 2" }, { "start": 1298.56, "end": 1304.87, "speaker": "Speaker 1" }, { "start": 1305.36, "end": 1307.94, "speaker": "Speaker 1" }, { "start": 1308.24, "end": 1315.0, "speaker": "Speaker 1" }, { "start": 1315.57, "end": 1317.86, "speaker": "Speaker 1" }, { "start": 1318.4, "end": 1318.91, "speaker": "Speaker 1" }, { "start": 1319.32, "end": 1321.58, "speaker": "Speaker 1" }, { "start": 1322.18, "end": 1323.68, "speaker": "Speaker 1" }, { "start": 1323.91, "end": 1326.06, "speaker": "Speaker 1" }, { "start": 1326.74, "end": 1327.55, "speaker": "Speaker 1" }, { "start": 1327.79, "end": 1329.42, "speaker": "Speaker 1" }, { "start": 1329.89, "end": 1331.42, "speaker": "Speaker 1" }, { "start": 1331.8, "end": 1333.77, "speaker": "Speaker 1" }, { "start": 1334.59, "end": 1335.99, "speaker": "Speaker 1" }, { "start": 1336.55, "end": 1337.93, "speaker": "Speaker 1" }, { "start": 1338.27, "end": 1340.43, "speaker": "Speaker 1" }, { "start": 1340.78, "end": 1341.52, "speaker": "Speaker 1" }, { "start": 1341.91, "end": 1345.8, "speaker": "Speaker 1" }, { "start": 1346.03, "end": 1347.82, "speaker": "Speaker 1" }, { "start": 1348.18, "end": 1348.69, "speaker": "Speaker 1" }, { "start": 1349.02, "end": 1354.09, "speaker": "Speaker 1" }, { "start": 1354.38, "end": 1356.79, "speaker": "Speaker 1" }, { "start": 1357.15, "end": 1360.72, "speaker": "Speaker 1" }, { "start": 1361.14, "end": 1361.38, "speaker": "Speaker 2" }, { "start": 1361.16, "end": 1365.55, "speaker": "Speaker 1" }, { "start": 1366.16, "end": 1370.42, "speaker": "Speaker 1" }, { "start": 1370.88, "end": 1371.37, "speaker": "Speaker 1" }, { "start": 1371.76, "end": 1373.71, "speaker": "Speaker 1" }, { "start": 1374.34, "end": 1380.19, "speaker": "Speaker 1" }, { "start": 1380.62, "end": 1382.72, "speaker": "Speaker 1" }, { "start": 1383.16, "end": 1386.02, "speaker": "Speaker 1" }, { "start": 1386.35, "end": 1387.75, "speaker": "Speaker 1" }, { "start": 1388.14, "end": 1390.97, "speaker": "Speaker 1" }, { "start": 1391.39, "end": 1391.92, "speaker": "Speaker 1" }, { "start": 1392.19, "end": 1395.53, "speaker": "Speaker 1" }, { "start": 1395.93, "end": 1399.37, "speaker": "Speaker 1" }, { "start": 1400.04, "end": 1402.11, "speaker": "Speaker 1" }, { "start": 1402.34, "end": 1404.87, "speaker": "Speaker 1" }, { "start": 1405.34, "end": 1409.36, "speaker": "Speaker 1" }, { "start": 1410.09, "end": 1412.46, "speaker": "Speaker 1" }, { "start": 1412.81, "end": 1415.12, "speaker": "Speaker 1" }, { "start": 1415.38, "end": 1415.68, "speaker": "Speaker 2" }, { "start": 1416.25, "end": 1416.71, "speaker": "Speaker 2" }, { "start": 1417.68, "end": 1423.04, "speaker": "Speaker 2" }, { "start": 1423.52, "end": 1424.64, "speaker": "Speaker 2" }, { "start": 1424.84, "end": 1428.41, "speaker": "Speaker 2" }, { "start": 1428.65, "end": 1435.24, "speaker": "Speaker 2" }, { "start": 1435.45, "end": 1437.79, "speaker": "Speaker 2" }, { "start": 1438.18, "end": 1439.75, "speaker": "Speaker 2" }, { "start": 1440.42, "end": 1441.86, "speaker": "Speaker 2" }, { "start": 1442.5, "end": 1447.58, "speaker": "Speaker 2" }, { "start": 1448.06, "end": 1449.28, "speaker": "Speaker 2" }, { "start": 1450.17, "end": 1454.47, "speaker": "Speaker 2" }, { "start": 1454.79, "end": 1457.92, "speaker": "Speaker 2" }, { "start": 1458.21, "end": 1462.1, "speaker": "Speaker 1" }, { "start": 1462.58, "end": 1464.01, "speaker": "Speaker 1" }, { "start": 1464.22, "end": 1465.52, "speaker": "Speaker 1" }, { "start": 1466.37, "end": 1469.23, "speaker": "Speaker 1" }, { "start": 1469.55, "end": 1473.46, "speaker": "Speaker 1" }, { "start": 1473.76, "end": 1475.26, "speaker": "Speaker 1" }, { "start": 1475.89, "end": 1482.51, "speaker": "Speaker 1" }, { "start": 1482.91, "end": 1483.13, "speaker": "Speaker 2" }, { "start": 1482.93, "end": 1483.3, "speaker": "Speaker 1" }, { "start": 1483.54, "end": 1486.11, "speaker": "Speaker 1" }, { "start": 1486.5, "end": 1492.63, "speaker": "Speaker 1" }, { "start": 1492.79, "end": 1496.2, "speaker": "Speaker 1" }, { "start": 1496.59, "end": 1498.74, "speaker": "Speaker 1" }, { "start": 1499.03, "end": 1501.63, "speaker": "Speaker 1" }, { "start": 1502.31, "end": 1508.95, "speaker": "Speaker 1" }, { "start": 1509.27, "end": 1510.63, "speaker": "Speaker 1" }, { "start": 1511.13, "end": 1516.54, "speaker": "Speaker 1" }, { "start": 1516.86, "end": 1518.87, "speaker": "Speaker 1" }, { "start": 1519.12, "end": 1521.18, "speaker": "Speaker 1" }, { "start": 1521.59, "end": 1524.01, "speaker": "Speaker 1" }, { "start": 1524.26, "end": 1527.4, "speaker": "Speaker 1" }, { "start": 1527.7, "end": 1528.03, "speaker": "Speaker 2" }, { "start": 1528.5, "end": 1529.63, "speaker": "Speaker 2" }, { "start": 1529.96, "end": 1530.51, "speaker": "Speaker 2" }, { "start": 1530.77, "end": 1533.15, "speaker": "Speaker 2" }, { "start": 1533.49, "end": 1538.63, "speaker": "Speaker 2" }, { "start": 1539.12, "end": 1539.85, "speaker": "Speaker 2" }, { "start": 1540.22, "end": 1543.5, "speaker": "Speaker 2" }, { "start": 1543.78, "end": 1545.16, "speaker": "Speaker 2" }, { "start": 1545.55, "end": 1547.09, "speaker": "Speaker 2" }, { "start": 1547.46, "end": 1548.35, "speaker": "Speaker 2" }, { "start": 1548.75, "end": 1554.81, "speaker": "Speaker 2" }, { "start": 1555.07, "end": 1562.48, "speaker": "Speaker 2" }, { "start": 1562.79, "end": 1566.22, "speaker": "Speaker 2" }, { "start": 1566.44, "end": 1570.06, "speaker": "Speaker 2" }, { "start": 1570.47, "end": 1575.0, "speaker": "Speaker 2" }, { "start": 1575.47, "end": 1577.58, "speaker": "Speaker 1" }, { "start": 1577.9, "end": 1579.66, "speaker": "Speaker 1" }, { "start": 1579.98, "end": 1581.81, "speaker": "Speaker 1" }, { "start": 1582.09, "end": 1584.91, "speaker": "Speaker 1" }, { "start": 1585.16, "end": 1586.33, "speaker": "Speaker 1" }, { "start": 1586.97, "end": 1591.79, "speaker": "Speaker 1" }, { "start": 1589.68, "end": 1589.9, "speaker": "Speaker 2" }, { "start": 1592.09, "end": 1595.29, "speaker": "Speaker 1" }, { "start": 1595.54, "end": 1600.09, "speaker": "Speaker 1" }, { "start": 1600.45, "end": 1601.14, "speaker": "Speaker 1" }, { "start": 1601.63, "end": 1604.35, "speaker": "Speaker 1" }, { "start": 1604.84, "end": 1605.34, "speaker": "Speaker 1" }, { "start": 1605.77, "end": 1606.49, "speaker": "Speaker 1" }, { "start": 1607.11, "end": 1612.74, "speaker": "Speaker 1" }, { "start": 1613.19, "end": 1615.4, "speaker": "Speaker 1" }, { "start": 1615.83, "end": 1618.91, "speaker": "Speaker 1" }, { "start": 1619.2, "end": 1619.56, "speaker": "Speaker 2" }, { "start": 1619.44, "end": 1622.65, "speaker": "Speaker 1" }, { "start": 1622.93, "end": 1624.34, "speaker": "Speaker 1" }, { "start": 1624.83, "end": 1627.16, "speaker": "Speaker 1" }, { "start": 1627.51, "end": 1630.8, "speaker": "Speaker 1" }, { "start": 1631.17, "end": 1635.4, "speaker": "Speaker 1" }, { "start": 1635.95, "end": 1637.46, "speaker": "Speaker 1" }, { "start": 1637.68, "end": 1639.4, "speaker": "Speaker 1" }, { "start": 1639.78, "end": 1640.31, "speaker": "Speaker 2" }, { "start": 1640.74, "end": 1643.08, "speaker": "Speaker 2" }, { "start": 1643.3, "end": 1643.75, "speaker": "Speaker 1" }, { "start": 1643.98, "end": 1656.88, "speaker": "Speaker 1" }, { "start": 1657.13, "end": 1658.64, "speaker": "Speaker 1" }, { "start": 1659.0, "end": 1663.17, "speaker": "Speaker 1" }, { "start": 1663.56, "end": 1664.15, "speaker": "Speaker 1" }, { "start": 1664.69, "end": 1668.05, "speaker": "Speaker 1" }, { "start": 1668.55, "end": 1668.88, "speaker": "Speaker 1" }, { "start": 1669.21, "end": 1670.64, "speaker": "Speaker 1" }, { "start": 1671.04, "end": 1673.66, "speaker": "Speaker 1" }, { "start": 1674.18, "end": 1679.84, "speaker": "Speaker 1" }, { "start": 1680.15, "end": 1682.38, "speaker": "Speaker 1" }, { "start": 1682.78, "end": 1686.14, "speaker": "Speaker 1" }, { "start": 1686.55, "end": 1692.42, "speaker": "Speaker 1" }, { "start": 1691.52, "end": 1691.84, "speaker": "Speaker 2" }, { "start": 1692.84, "end": 1694.21, "speaker": "Speaker 1" }, { "start": 1694.59, "end": 1696.09, "speaker": "Speaker 1" }, { "start": 1696.44, "end": 1698.54, "speaker": "Speaker 1" }, { "start": 1698.8, "end": 1700.18, "speaker": "Speaker 1" }, { "start": 1700.7, "end": 1702.18, "speaker": "Speaker 1" }, { "start": 1702.6, "end": 1704.06, "speaker": "Speaker 1" }, { "start": 1704.32, "end": 1709.98, "speaker": "Speaker 1" }, { "start": 1710.54, "end": 1712.51, "speaker": "Speaker 1" }, { "start": 1712.78, "end": 1715.67, "speaker": "Speaker 1" }, { "start": 1716.16, "end": 1716.67, "speaker": "Speaker 1" }, { "start": 1717.1, "end": 1718.81, "speaker": "Speaker 1" }, { "start": 1719.76, "end": 1723.34, "speaker": "Speaker 1" }, { "start": 1723.78, "end": 1727.54, "speaker": "Speaker 1" }, { "start": 1728.0, "end": 1728.56, "speaker": "Speaker 1" }, { "start": 1729.15, "end": 1732.2, "speaker": "Speaker 1" }, { "start": 1732.45, "end": 1732.82, "speaker": "Speaker 2" }, { "start": 1732.65, "end": 1733.35, "speaker": "Speaker 1" }, { "start": 1733.64, "end": 1738.61, "speaker": "Speaker 1" }, { "start": 1738.97, "end": 1740.52, "speaker": "Speaker 1" }, { "start": 1740.91, "end": 1741.49, "speaker": "Speaker 1" }, { "start": 1741.78, "end": 1742.09, "speaker": "Speaker 1" }, { "start": 1741.95, "end": 1742.05, "speaker": "Speaker 2" }, { "start": 1742.3, "end": 1746.62, "speaker": "Speaker 1" }, { "start": 1746.97, "end": 1748.67, "speaker": "Speaker 1" }, { "start": 1748.89, "end": 1750.63, "speaker": "Speaker 1" }, { "start": 1751.05, "end": 1752.98, "speaker": "Speaker 1" }, { "start": 1753.37, "end": 1758.29, "speaker": "Speaker 1" }, { "start": 1758.65, "end": 1761.19, "speaker": "Speaker 1" }, { "start": 1761.35, "end": 1761.64, "speaker": "Speaker 2" }, { "start": 1761.44, "end": 1764.97, "speaker": "Speaker 1" }, { "start": 1765.48, "end": 1765.86, "speaker": "Speaker 1" }, { "start": 1766.13, "end": 1768.23, "speaker": "Speaker 1" }, { "start": 1769.01, "end": 1773.49, "speaker": "Speaker 1" }, { "start": 1773.86, "end": 1778.36, "speaker": "Speaker 1" }, { "start": 1778.75, "end": 1779.4, "speaker": "Speaker 1" }, { "start": 1779.87, "end": 1780.89, "speaker": "Speaker 1" }, { "start": 1781.22, "end": 1782.87, "speaker": "Speaker 1" }, { "start": 1783.26, "end": 1785.22, "speaker": "Speaker 1" }, { "start": 1785.39, "end": 1785.95, "speaker": "Speaker 1" }, { "start": 1786.18, "end": 1788.53, "speaker": "Speaker 1" }, { "start": 1789.07, "end": 1791.64, "speaker": "Speaker 1" }, { "start": 1792.04, "end": 1793.42, "speaker": "Speaker 2" }, { "start": 1793.87, "end": 1797.12, "speaker": "Speaker 2" }, { "start": 1797.52, "end": 1802.36, "speaker": "Speaker 2" }, { "start": 1802.88, "end": 1804.04, "speaker": "Speaker 2" }, { "start": 1804.65, "end": 1805.03, "speaker": "Speaker 2" }, { "start": 1805.46, "end": 1814.68, "speaker": "Speaker 2" }, { "start": 1814.96, "end": 1818.59, "speaker": "Speaker 2" }, { "start": 1818.92, "end": 1822.06, "speaker": "Speaker 2" }, { "start": 1822.43, "end": 1827.78, "speaker": "Speaker 2" }, { "start": 1827.96, "end": 1828.96, "speaker": "Speaker 2" }, { "start": 1829.2, "end": 1830.77, "speaker": "Speaker 2" }, { "start": 1831.08, "end": 1833.49, "speaker": "Speaker 2" }, { "start": 1833.73, "end": 1840.17, "speaker": "Speaker 2" }, { "start": 1840.47, "end": 1843.36, "speaker": "Speaker 2" }, { "start": 1843.71, "end": 1844.95, "speaker": "Speaker 2" }, { "start": 1845.22, "end": 1849.07, "speaker": "Speaker 2" }, { "start": 1849.83, "end": 1854.33, "speaker": "Speaker 2" }, { "start": 1854.63, "end": 1855.06, "speaker": "Speaker 2" }, { "start": 1855.28, "end": 1857.74, "speaker": "Speaker 2" }, { "start": 1857.89, "end": 1860.46, "speaker": "Speaker 2" }, { "start": 1860.75, "end": 1866.58, "speaker": "Speaker 2" }, { "start": 1866.98, "end": 1868.54, "speaker": "Speaker 2" }, { "start": 1868.9, "end": 1869.9, "speaker": "Speaker 2" }, { "start": 1870.4, "end": 1872.74, "speaker": "Speaker 2" }, { "start": 1873.36, "end": 1876.2, "speaker": "Speaker 2" }, { "start": 1876.37, "end": 1877.52, "speaker": "Speaker 2" }, { "start": 1877.77, "end": 1880.23, "speaker": "Speaker 2" }, { "start": 1880.47, "end": 1881.76, "speaker": "Speaker 2" }, { "start": 1882.1, "end": 1883.47, "speaker": "Speaker 2" }, { "start": 1883.9, "end": 1888.49, "speaker": "Speaker 2" }, { "start": 1889.57, "end": 1890.16, "speaker": "Speaker 2" }, { "start": 1890.04, "end": 1890.08, "speaker": "Speaker 1" }, { "start": 1890.41, "end": 1894.89, "speaker": "Speaker 2" }, { "start": 1895.15, "end": 1905.66, "speaker": "Speaker 1" }, { "start": 1905.07, "end": 1905.29, "speaker": "Speaker 2" }, { "start": 1906.21, "end": 1911.17, "speaker": "Speaker 1" }, { "start": 1911.59, "end": 1912.05, "speaker": "Speaker 1" }, { "start": 1912.43, "end": 1917.4, "speaker": "Speaker 1" }, { "start": 1917.72, "end": 1923.48, "speaker": "Speaker 1" }, { "start": 1923.89, "end": 1924.33, "speaker": "Speaker 1" }, { "start": 1924.69, "end": 1925.06, "speaker": "Speaker 1" }, { "start": 1925.75, "end": 1935.81, "speaker": "Speaker 1" }, { "start": 1936.09, "end": 1939.91, "speaker": "Speaker 1" }, { "start": 1940.28, "end": 1948.95, "speaker": "Speaker 1" }, { "start": 1949.34, "end": 1951.78, "speaker": "Speaker 1" }, { "start": 1952.19, "end": 1953.25, "speaker": "Speaker 1" }, { "start": 1953.6, "end": 1955.34, "speaker": "Speaker 1" }, { "start": 1955.85, "end": 1957.46, "speaker": "Speaker 1" }, { "start": 1957.85, "end": 1962.65, "speaker": "Speaker 1" }, { "start": 1962.74, "end": 1962.82, "speaker": "Speaker 2" }, { "start": 1963.19, "end": 1964.82, "speaker": "Speaker 1" }, { "start": 1965.47, "end": 1968.38, "speaker": "Speaker 1" }, { "start": 1969.04, "end": 1976.43, "speaker": "Speaker 1" }, { "start": 1977.03, "end": 1978.97, "speaker": "Speaker 1" }, { "start": 1979.42, "end": 1980.35, "speaker": "Speaker 1" }, { "start": 1980.77, "end": 1982.47, "speaker": "Speaker 1" }, { "start": 1982.65, "end": 1986.13, "speaker": "Speaker 1" }, { "start": 1986.58, "end": 1989.15, "speaker": "Speaker 1" }, { "start": 1989.5, "end": 1996.0, "speaker": "Speaker 1" }, { "start": 1996.47, "end": 1997.8, "speaker": "Speaker 1" }, { "start": 1998.03, "end": 1998.21, "speaker": "Speaker 2" }, { "start": 1998.18, "end": 2001.76, "speaker": "Speaker 1" }, { "start": 2002.2, "end": 2002.7, "speaker": "Speaker 1" }, { "start": 2003.08, "end": 2006.18, "speaker": "Speaker 1" }, { "start": 2006.45, "end": 2006.88, "speaker": "Speaker 1" }, { "start": 2007.14, "end": 2010.08, "speaker": "Speaker 1" }, { "start": 2010.52, "end": 2013.76, "speaker": "Speaker 1" }, { "start": 2014.22, "end": 2015.09, "speaker": "Speaker 1" }, { "start": 2015.33, "end": 2017.34, "speaker": "Speaker 1" }, { "start": 2017.76, "end": 2018.2, "speaker": "Speaker 1" }, { "start": 2018.43, "end": 2021.79, "speaker": "Speaker 1" }, { "start": 2022.24, "end": 2023.22, "speaker": "Speaker 1" }, { "start": 2023.49, "end": 2026.35, "speaker": "Speaker 1" }, { "start": 2026.4, "end": 2026.67, "speaker": "Speaker 2" }, { "start": 2026.74, "end": 2031.79, "speaker": "Speaker 1" }, { "start": 2032.55, "end": 2034.01, "speaker": "Speaker 1" }, { "start": 2034.34, "end": 2036.62, "speaker": "Speaker 1" }, { "start": 2037.1, "end": 2039.63, "speaker": "Speaker 1" }, { "start": 2039.91, "end": 2040.75, "speaker": "Speaker 1" }, { "start": 2041.04, "end": 2043.09, "speaker": "Speaker 1" }, { "start": 2043.49, "end": 2049.88, "speaker": "Speaker 1" }, { "start": 2050.15, "end": 2051.09, "speaker": "Speaker 1" }, { "start": 2051.44, "end": 2055.1, "speaker": "Speaker 1" }, { "start": 2055.56, "end": 2056.18, "speaker": "Speaker 1" }, { "start": 2056.55, "end": 2056.62, "speaker": "Speaker 1" }, { "start": 2056.7, "end": 2063.66, "speaker": "Speaker 1" }, { "start": 2060.48, "end": 2060.71, "speaker": "Speaker 2" }, { "start": 2064.06, "end": 2066.07, "speaker": "Speaker 1" }, { "start": 2066.39, "end": 2071.96, "speaker": "Speaker 1" }, { "start": 2072.27, "end": 2073.04, "speaker": "Speaker 1" }, { "start": 2073.43, "end": 2077.96, "speaker": "Speaker 1" }, { "start": 2078.37, "end": 2078.97, "speaker": "Speaker 1" }, { "start": 2079.23, "end": 2079.48, "speaker": "Speaker 1" }, { "start": 2079.74, "end": 2080.59, "speaker": "Speaker 1" }, { "start": 2081.19, "end": 2084.12, "speaker": "Speaker 1" }, { "start": 2084.56, "end": 2085.26, "speaker": "Speaker 1" }, { "start": 2085.52, "end": 2087.64, "speaker": "Speaker 1" }, { "start": 2088.05, "end": 2094.46, "speaker": "Speaker 1" }, { "start": 2094.72, "end": 2098.28, "speaker": "Speaker 1" }, { "start": 2098.51, "end": 2105.17, "speaker": "Speaker 2" }, { "start": 2105.81, "end": 2106.5, "speaker": "Speaker 2" }, { "start": 2106.84, "end": 2107.55, "speaker": "Speaker 2" }, { "start": 2108.34, "end": 2115.23, "speaker": "Speaker 2" }, { "start": 2115.7, "end": 2116.06, "speaker": "Speaker 2" }, { "start": 2116.14, "end": 2116.19, "speaker": "Speaker 2" }, { "start": 2116.23, "end": 2120.31, "speaker": "Speaker 2" }, { "start": 2120.68, "end": 2120.92, "speaker": "Speaker 2" }, { "start": 2121.13, "end": 2127.7, "speaker": "Speaker 2" }, { "start": 2127.92, "end": 2130.23, "speaker": "Speaker 2" }, { "start": 2130.6, "end": 2132.38, "speaker": "Speaker 2" }, { "start": 2133.14, "end": 2137.53, "speaker": "Speaker 2" }, { "start": 2137.78, "end": 2139.66, "speaker": "Speaker 2" }, { "start": 2140.31, "end": 2146.29, "speaker": "Speaker 2" }, { "start": 2146.78, "end": 2148.93, "speaker": "Speaker 2" }, { "start": 2149.06, "end": 2157.86, "speaker": "Speaker 1" }, { "start": 2158.3, "end": 2158.7, "speaker": "Speaker 1" }, { "start": 2159.18, "end": 2164.16, "speaker": "Speaker 1" }, { "start": 2164.61, "end": 2166.61, "speaker": "Speaker 1" }, { "start": 2166.86, "end": 2168.83, "speaker": "Speaker 1" }, { "start": 2169.16, "end": 2176.87, "speaker": "Speaker 1" }, { "start": 2177.38, "end": 2181.14, "speaker": "Speaker 1" }, { "start": 2181.6, "end": 2185.69, "speaker": "Speaker 1" }, { "start": 2185.96, "end": 2192.48, "speaker": "Speaker 1" }, { "start": 2187.28, "end": 2187.47, "speaker": "Speaker 2" }, { "start": 2193.11, "end": 2194.41, "speaker": "Speaker 1" }, { "start": 2195.03, "end": 2198.83, "speaker": "Speaker 1" }, { "start": 2199.14, "end": 2201.62, "speaker": "Speaker 1" }, { "start": 2202.37, "end": 2207.29, "speaker": "Speaker 1" }, { "start": 2207.64, "end": 2207.88, "speaker": "Speaker 2" }, { "start": 2207.8, "end": 2209.14, "speaker": "Speaker 1" }, { "start": 2209.84, "end": 2211.9, "speaker": "Speaker 1" }, { "start": 2212.18, "end": 2213.02, "speaker": "Speaker 1" }, { "start": 2213.48, "end": 2217.07, "speaker": "Speaker 1" }, { "start": 2217.32, "end": 2218.8, "speaker": "Speaker 1" }, { "start": 2219.05, "end": 2221.73, "speaker": "Speaker 1" }, { "start": 2222.17, "end": 2226.9, "speaker": "Speaker 1" }, { "start": 2227.37, "end": 2227.84, "speaker": "Speaker 1" }, { "start": 2228.23, "end": 2233.68, "speaker": "Speaker 1" }, { "start": 2234.65, "end": 2235.12, "speaker": "Speaker 1" }, { "start": 2235.65, "end": 2238.6, "speaker": "Speaker 1" }, { "start": 2238.96, "end": 2239.21, "speaker": "Speaker 2" }, { "start": 2239.08, "end": 2239.55, "speaker": "Speaker 1" }, { "start": 2239.78, "end": 2240.16, "speaker": "Speaker 1" }, { "start": 2240.51, "end": 2245.79, "speaker": "Speaker 1" }, { "start": 2246.18, "end": 2251.23, "speaker": "Speaker 1" }, { "start": 2251.47, "end": 2251.95, "speaker": "Speaker 1" }, { "start": 2252.19, "end": 2254.32, "speaker": "Speaker 1" }, { "start": 2252.27, "end": 2252.46, "speaker": "Speaker 2" }, { "start": 2254.55, "end": 2257.6, "speaker": "Speaker 1" }, { "start": 2258.1, "end": 2261.16, "speaker": "Speaker 1" }, { "start": 2261.5, "end": 2263.4, "speaker": "Speaker 1" }, { "start": 2263.75, "end": 2268.45, "speaker": "Speaker 1" }, { "start": 2269.11, "end": 2270.16, "speaker": "Speaker 1" }, { "start": 2270.48, "end": 2272.47, "speaker": "Speaker 1" }, { "start": 2273.1, "end": 2277.38, "speaker": "Speaker 1" }, { "start": 2277.63, "end": 2284.22, "speaker": "Speaker 1" }, { "start": 2280.91, "end": 2281.14, "speaker": "Speaker 2" }, { "start": 2284.63, "end": 2285.12, "speaker": "Speaker 1" }, { "start": 2285.59, "end": 2287.59, "speaker": "Speaker 1" }, { "start": 2288.04, "end": 2288.59, "speaker": "Speaker 1" }, { "start": 2288.87, "end": 2291.59, "speaker": "Speaker 1" }, { "start": 2291.93, "end": 2296.28, "speaker": "Speaker 1" }, { "start": 2296.54, "end": 2296.87, "speaker": "Speaker 2" }, { "start": 2297.15, "end": 2304.91, "speaker": "Speaker 2" }, { "start": 2304.94, "end": 2305.01, "speaker": "Speaker 2" }, { "start": 2305.05, "end": 2309.8, "speaker": "Speaker 2" }, { "start": 2310.17, "end": 2313.91, "speaker": "Speaker 2" }, { "start": 2314.17, "end": 2318.32, "speaker": "Speaker 2" }, { "start": 2318.82, "end": 2319.37, "speaker": "Speaker 2" }, { "start": 2320.16, "end": 2326.7, "speaker": "Speaker 2" }, { "start": 2326.92, "end": 2332.6, "speaker": "Speaker 1" }, { "start": 2332.84, "end": 2333.41, "speaker": "Speaker 1" }, { "start": 2333.73, "end": 2334.25, "speaker": "Speaker 1" }, { "start": 2334.58, "end": 2341.02, "speaker": "Speaker 1" }, { "start": 2340.58, "end": 2340.87, "speaker": "Speaker 2" }, { "start": 2341.46, "end": 2343.57, "speaker": "Speaker 1" }, { "start": 2343.99, "end": 2344.54, "speaker": "Speaker 1" }, { "start": 2345.06, "end": 2345.78, "speaker": "Speaker 1" }, { "start": 2346.5, "end": 2349.77, "speaker": "Speaker 1" }, { "start": 2350.03, "end": 2352.51, "speaker": "Speaker 1" }, { "start": 2352.88, "end": 2355.68, "speaker": "Speaker 1" }, { "start": 2355.97, "end": 2358.33, "speaker": "Speaker 1" }, { "start": 2358.63, "end": 2359.51, "speaker": "Speaker 1" }, { "start": 2359.79, "end": 2363.59, "speaker": "Speaker 1" }, { "start": 2363.96, "end": 2367.9, "speaker": "Speaker 1" }, { "start": 2364.0, "end": 2364.23, "speaker": "Speaker 2" }, { "start": 2368.78, "end": 2372.91, "speaker": "Speaker 1" }, { "start": 2373.37, "end": 2375.31, "speaker": "Speaker 1" }, { "start": 2375.83, "end": 2378.03, "speaker": "Speaker 1" }, { "start": 2378.35, "end": 2379.11, "speaker": "Speaker 1" }, { "start": 2379.39, "end": 2383.73, "speaker": "Speaker 1" }, { "start": 2384.14, "end": 2385.64, "speaker": "Speaker 1" }, { "start": 2385.98, "end": 2388.27, "speaker": "Speaker 1" }, { "start": 2388.63, "end": 2392.77, "speaker": "Speaker 1" }, { "start": 2393.19, "end": 2395.31, "speaker": "Speaker 1" }, { "start": 2395.62, "end": 2399.96, "speaker": "Speaker 1" }, { "start": 2400.25, "end": 2401.34, "speaker": "Speaker 1" }, { "start": 2401.82, "end": 2408.04, "speaker": "Speaker 1" }, { "start": 2407.18, "end": 2407.43, "speaker": "Speaker 2" }, { "start": 2408.32, "end": 2415.4, "speaker": "Speaker 1" }, { "start": 2415.82, "end": 2422.63, "speaker": "Speaker 1" }, { "start": 2423.19, "end": 2425.78, "speaker": "Speaker 1" }, { "start": 2426.17, "end": 2427.44, "speaker": "Speaker 1" }, { "start": 2427.7, "end": 2429.1, "speaker": "Speaker 1" }, { "start": 2429.46, "end": 2434.2, "speaker": "Speaker 1" }, { "start": 2434.62, "end": 2437.43, "speaker": "Speaker 1" }, { "start": 2438.26, "end": 2443.18, "speaker": "Speaker 1" }, { "start": 2443.63, "end": 2444.41, "speaker": "Speaker 1" }, { "start": 2444.64, "end": 2450.15, "speaker": "Speaker 1" }, { "start": 2450.39, "end": 2450.68, "speaker": "Speaker 2" }, { "start": 2450.52, "end": 2453.49, "speaker": "Speaker 1" }, { "start": 2453.84, "end": 2456.86, "speaker": "Speaker 1" }, { "start": 2457.22, "end": 2458.19, "speaker": "Speaker 1" }, { "start": 2458.56, "end": 2460.64, "speaker": "Speaker 1" }, { "start": 2461.19, "end": 2463.08, "speaker": "Speaker 1" }, { "start": 2463.12, "end": 2466.23, "speaker": "Speaker 1" }, { "start": 2466.47, "end": 2468.05, "speaker": "Speaker 2" }, { "start": 2466.58, "end": 2466.9, "speaker": "Speaker 1" }, { "start": 2468.31, "end": 2469.76, "speaker": "Speaker 2" }, { "start": 2468.33, "end": 2469.15, "speaker": "Speaker 1" }, { "start": 2470.06, "end": 2475.92, "speaker": "Speaker 2" }, { "start": 2476.29, "end": 2479.61, "speaker": "Speaker 2" }, { "start": 2479.96, "end": 2482.9, "speaker": "Speaker 2" }, { "start": 2483.13, "end": 2484.18, "speaker": "Speaker 2" }, { "start": 2484.31, "end": 2486.92, "speaker": "Speaker 1" }, { "start": 2487.16, "end": 2490.08, "speaker": "Speaker 1" }, { "start": 2490.55, "end": 2490.94, "speaker": "Speaker 1" }, { "start": 2491.24, "end": 2496.63, "speaker": "Speaker 1" }, { "start": 2496.98, "end": 2500.75, "speaker": "Speaker 1" }, { "start": 2499.25, "end": 2499.33, "speaker": "Speaker 2" }, { "start": 2499.36, "end": 2499.4, "speaker": "Speaker 2" }, { "start": 2501.03, "end": 2505.61, "speaker": "Speaker 1" }, { "start": 2505.99, "end": 2509.4, "speaker": "Speaker 1" }, { "start": 2509.67, "end": 2511.76, "speaker": "Speaker 1" }, { "start": 2512.28, "end": 2514.22, "speaker": "Speaker 1" }, { "start": 2514.54, "end": 2519.02, "speaker": "Speaker 1" }, { "start": 2517.31, "end": 2517.55, "speaker": "Speaker 2" }, { "start": 2519.27, "end": 2523.14, "speaker": "Speaker 1" }, { "start": 2523.5, "end": 2528.46, "speaker": "Speaker 1" }, { "start": 2528.74, "end": 2530.8, "speaker": "Speaker 1" }, { "start": 2531.35, "end": 2535.82, "speaker": "Speaker 1" }, { "start": 2536.08, "end": 2536.88, "speaker": "Speaker 1" }, { "start": 2537.18, "end": 2543.51, "speaker": "Speaker 1" }, { "start": 2541.76, "end": 2542.15, "speaker": "Speaker 2" }, { "start": 2543.88, "end": 2546.07, "speaker": "Speaker 1" }, { "start": 2546.39, "end": 2548.24, "speaker": "Speaker 1" }, { "start": 2548.58, "end": 2551.4, "speaker": "Speaker 1" }, { "start": 2551.71, "end": 2554.21, "speaker": "Speaker 1" }, { "start": 2554.6, "end": 2555.36, "speaker": "Speaker 1" }, { "start": 2555.7, "end": 2560.2, "speaker": "Speaker 1" }, { "start": 2560.68, "end": 2564.54, "speaker": "Speaker 1" }, { "start": 2564.88, "end": 2567.65, "speaker": "Speaker 1" }, { "start": 2568.13, "end": 2568.64, "speaker": "Speaker 1" }, { "start": 2568.98, "end": 2571.94, "speaker": "Speaker 1" }, { "start": 2572.45, "end": 2573.75, "speaker": "Speaker 1" }, { "start": 2574.22, "end": 2574.39, "speaker": "Speaker 1" }, { "start": 2575.45, "end": 2577.61, "speaker": "Speaker 1" }, { "start": 2578.23, "end": 2578.51, "speaker": "Speaker 2" }, { "start": 2578.46, "end": 2582.69, "speaker": "Speaker 1" }, { "start": 2583.47, "end": 2585.62, "speaker": "Speaker 1" }, { "start": 2586.09, "end": 2589.91, "speaker": "Speaker 1" }, { "start": 2590.32, "end": 2591.78, "speaker": "Speaker 1" }, { "start": 2592.1, "end": 2597.43, "speaker": "Speaker 1" }, { "start": 2594.34, "end": 2594.44, "speaker": "Speaker 2" }, { "start": 2597.76, "end": 2599.85, "speaker": "Speaker 1" }, { "start": 2600.23, "end": 2601.13, "speaker": "Speaker 1" }, { "start": 2601.6, "end": 2602.92, "speaker": "Speaker 1" }, { "start": 2603.32, "end": 2608.21, "speaker": "Speaker 1" }, { "start": 2608.75, "end": 2613.09, "speaker": "Speaker 1" }, { "start": 2613.35, "end": 2618.12, "speaker": "Speaker 1" }, { "start": 2618.35, "end": 2618.78, "speaker": "Speaker 2" }, { "start": 2618.54, "end": 2620.95, "speaker": "Speaker 1" }, { "start": 2621.24, "end": 2625.4, "speaker": "Speaker 1" }, { "start": 2625.69, "end": 2629.13, "speaker": "Speaker 1" }, { "start": 2629.63, "end": 2632.68, "speaker": "Speaker 1" }, { "start": 2632.97, "end": 2635.54, "speaker": "Speaker 1" }, { "start": 2635.77, "end": 2637.27, "speaker": "Speaker 1" }, { "start": 2637.69, "end": 2640.2, "speaker": "Speaker 1" }, { "start": 2640.7, "end": 2644.15, "speaker": "Speaker 1" }, { "start": 2644.4, "end": 2648.83, "speaker": "Speaker 2" }, { "start": 2649.54, "end": 2652.67, "speaker": "Speaker 2" }, { "start": 2653.07, "end": 2654.98, "speaker": "Speaker 2" }, { "start": 2655.68, "end": 2662.89, "speaker": "Speaker 2" }, { "start": 2663.19, "end": 2663.58, "speaker": "Speaker 2" }, { "start": 2664.05, "end": 2666.07, "speaker": "Speaker 2" }, { "start": 2666.38, "end": 2670.45, "speaker": "Speaker 2" }, { "start": 2670.79, "end": 2673.28, "speaker": "Speaker 2" }, { "start": 2673.83, "end": 2676.83, "speaker": "Speaker 2" }, { "start": 2677.22, "end": 2678.18, "speaker": "Speaker 2" }, { "start": 2678.72, "end": 2681.57, "speaker": "Speaker 2" }, { "start": 2682.01, "end": 2688.3, "speaker": "Speaker 2" }, { "start": 2688.54, "end": 2690.26, "speaker": "Speaker 2" }, { "start": 2691.02, "end": 2695.75, "speaker": "Speaker 2" }, { "start": 2696.0, "end": 2700.17, "speaker": "Speaker 1" }, { "start": 2700.55, "end": 2705.06, "speaker": "Speaker 1" }, { "start": 2705.48, "end": 2706.92, "speaker": "Speaker 1" }, { "start": 2707.19, "end": 2707.38, "speaker": "Speaker 2" }, { "start": 2707.43, "end": 2708.44, "speaker": "Speaker 1" }, { "start": 2708.74, "end": 2710.62, "speaker": "Speaker 1" }, { "start": 2710.99, "end": 2713.89, "speaker": "Speaker 1" }, { "start": 2714.36, "end": 2718.7, "speaker": "Speaker 1" }, { "start": 2719.06, "end": 2720.32, "speaker": "Speaker 1" }, { "start": 2720.62, "end": 2723.38, "speaker": "Speaker 1" }, { "start": 2723.98, "end": 2725.64, "speaker": "Speaker 1" }, { "start": 2726.0, "end": 2729.32, "speaker": "Speaker 1" }, { "start": 2729.81, "end": 2730.94, "speaker": "Speaker 1" }, { "start": 2731.45, "end": 2734.99, "speaker": "Speaker 1" }, { "start": 2735.19, "end": 2740.66, "speaker": "Speaker 1" }, { "start": 2740.68, "end": 2740.8, "speaker": "Speaker 2" }, { "start": 2741.26, "end": 2741.76, "speaker": "Speaker 1" }, { "start": 2742.12, "end": 2744.55, "speaker": "Speaker 1" }, { "start": 2744.97, "end": 2746.12, "speaker": "Speaker 1" }, { "start": 2746.48, "end": 2750.38, "speaker": "Speaker 1" }, { "start": 2750.61, "end": 2755.82, "speaker": "Speaker 1" }, { "start": 2756.28, "end": 2756.48, "speaker": "Speaker 1" }, { "start": 2756.78, "end": 2762.57, "speaker": "Speaker 1" }, { "start": 2762.96, "end": 2768.42, "speaker": "Speaker 1" }, { "start": 2768.67, "end": 2769.18, "speaker": "Speaker 1" }, { "start": 2769.49, "end": 2771.91, "speaker": "Speaker 1" }, { "start": 2772.36, "end": 2775.05, "speaker": "Speaker 1" }, { "start": 2775.61, "end": 2778.01, "speaker": "Speaker 1" }, { "start": 2778.82, "end": 2779.83, "speaker": "Speaker 1" }, { "start": 2780.31, "end": 2781.82, "speaker": "Speaker 1" }, { "start": 2782.13, "end": 2783.77, "speaker": "Speaker 1" }, { "start": 2784.15, "end": 2786.38, "speaker": "Speaker 1" }, { "start": 2786.85, "end": 2791.6, "speaker": "Speaker 1" }, { "start": 2789.98, "end": 2790.15, "speaker": "Speaker 2" }, { "start": 2791.97, "end": 2793.04, "speaker": "Speaker 1" }, { "start": 2793.3, "end": 2797.25, "speaker": "Speaker 1" }, { "start": 2797.47, "end": 2798.59, "speaker": "Speaker 1" }, { "start": 2799.01, "end": 2803.61, "speaker": "Speaker 1" }, { "start": 2803.95, "end": 2807.99, "speaker": "Speaker 2" }, { "start": 2808.43, "end": 2812.98, "speaker": "Speaker 2" }, { "start": 2813.47, "end": 2818.78, "speaker": "Speaker 2" }, { "start": 2819.15, "end": 2820.48, "speaker": "Speaker 2" }, { "start": 2820.69, "end": 2827.65, "speaker": "Speaker 2" }, { "start": 2827.95, "end": 2830.06, "speaker": "Speaker 2" }, { "start": 2830.54, "end": 2835.22, "speaker": "Speaker 2" }, { "start": 2835.46, "end": 2836.04, "speaker": "Speaker 2" }, { "start": 2836.28, "end": 2838.53, "speaker": "Speaker 2" }, { "start": 2839.01, "end": 2847.36, "speaker": "Speaker 2" }, { "start": 2847.77, "end": 2849.48, "speaker": "Speaker 2" }, { "start": 2849.81, "end": 2856.93, "speaker": "Speaker 1" }, { "start": 2857.34, "end": 2861.8, "speaker": "Speaker 1" }, { "start": 2862.18, "end": 2864.68, "speaker": "Speaker 1" }, { "start": 2862.24, "end": 2862.46, "speaker": "Speaker 2" }, { "start": 2865.12, "end": 2866.01, "speaker": "Speaker 1" }, { "start": 2866.51, "end": 2870.51, "speaker": "Speaker 1" }, { "start": 2870.81, "end": 2875.0, "speaker": "Speaker 1" }, { "start": 2875.34, "end": 2881.74, "speaker": "Speaker 1" }, { "start": 2882.06, "end": 2882.33, "speaker": "Speaker 2" }, { "start": 2882.2, "end": 2882.66, "speaker": "Speaker 1" }, { "start": 2883.0, "end": 2883.91, "speaker": "Speaker 1" }, { "start": 2884.31, "end": 2886.08, "speaker": "Speaker 1" }, { "start": 2886.3, "end": 2890.17, "speaker": "Speaker 1" }, { "start": 2890.53, "end": 2892.52, "speaker": "Speaker 1" }, { "start": 2892.87, "end": 2894.23, "speaker": "Speaker 1" }, { "start": 2894.57, "end": 2900.32, "speaker": "Speaker 1" }, { "start": 2900.69, "end": 2905.26, "speaker": "Speaker 1" }, { "start": 2903.68, "end": 2903.86, "speaker": "Speaker 2" }, { "start": 2905.73, "end": 2908.07, "speaker": "Speaker 1" }, { "start": 2908.47, "end": 2908.91, "speaker": "Speaker 1" }, { "start": 2909.26, "end": 2915.35, "speaker": "Speaker 1" }, { "start": 2915.82, "end": 2916.07, "speaker": "Speaker 2" }, { "start": 2915.93, "end": 2918.15, "speaker": "Speaker 1" }, { "start": 2918.44, "end": 2923.17, "speaker": "Speaker 1" }, { "start": 2923.61, "end": 2926.36, "speaker": "Speaker 1" }, { "start": 2926.75, "end": 2929.18, "speaker": "Speaker 1" }, { "start": 2929.35, "end": 2929.6, "speaker": "Speaker 2" }, { "start": 2929.64, "end": 2938.02, "speaker": "Speaker 1" }, { "start": 2938.34, "end": 2938.51, "speaker": "Speaker 2" }, { "start": 2938.46, "end": 2945.13, "speaker": "Speaker 1" }, { "start": 2945.72, "end": 2946.27, "speaker": "Speaker 1" }, { "start": 2946.83, "end": 2949.64, "speaker": "Speaker 1" }, { "start": 2950.06, "end": 2955.39, "speaker": "Speaker 1" }, { "start": 2955.75, "end": 2957.19, "speaker": "Speaker 1" }, { "start": 2957.53, "end": 2961.95, "speaker": "Speaker 1" }, { "start": 2962.29, "end": 2962.72, "speaker": "Speaker 1" }, { "start": 2963.0, "end": 2967.08, "speaker": "Speaker 1" }, { "start": 2967.37, "end": 2971.47, "speaker": "Speaker 1" }, { "start": 2971.89, "end": 2974.26, "speaker": "Speaker 1" }, { "start": 2974.62, "end": 2975.11, "speaker": "Speaker 1" }, { "start": 2975.91, "end": 2977.76, "speaker": "Speaker 1" }, { "start": 2978.11, "end": 2979.44, "speaker": "Speaker 1" }, { "start": 2979.69, "end": 2980.11, "speaker": "Speaker 2" }, { "start": 2980.38, "end": 2984.34, "speaker": "Speaker 2" }, { "start": 2984.64, "end": 2992.55, "speaker": "Speaker 2" }, { "start": 2993.0, "end": 2997.74, "speaker": "Speaker 2" }, { "start": 2997.89, "end": 3002.96, "speaker": "Speaker 2" }, { "start": 3003.22, "end": 3006.0, "speaker": "Speaker 2" }, { "start": 3006.42, "end": 3010.99, "speaker": "Speaker 2" }, { "start": 3011.32, "end": 3018.83, "speaker": "Speaker 2" }, { "start": 3019.21, "end": 3024.86, "speaker": "Speaker 2" }, { "start": 3025.11, "end": 3032.15, "speaker": "Speaker 1" }, { "start": 3032.49, "end": 3034.38, "speaker": "Speaker 1" }, { "start": 3034.88, "end": 3037.97, "speaker": "Speaker 1" }, { "start": 3038.34, "end": 3042.5, "speaker": "Speaker 1" }, { "start": 3042.94, "end": 3048.2, "speaker": "Speaker 1" }, { "start": 3047.09, "end": 3047.23, "speaker": "Speaker 2" }, { "start": 3048.52, "end": 3052.98, "speaker": "Speaker 1" }, { "start": 3053.36, "end": 3054.38, "speaker": "Speaker 1" }, { "start": 3054.7, "end": 3054.96, "speaker": "Speaker 2" }, { "start": 3054.74, "end": 3055.21, "speaker": "Speaker 1" }, { "start": 3055.53, "end": 3058.38, "speaker": "Speaker 1" }, { "start": 3058.68, "end": 3064.29, "speaker": "Speaker 1" }, { "start": 3064.35, "end": 3064.6, "speaker": "Speaker 2" }, { "start": 3064.74, "end": 3070.33, "speaker": "Speaker 1" }, { "start": 3070.78, "end": 3072.29, "speaker": "Speaker 1" }, { "start": 3072.54, "end": 3072.95, "speaker": "Speaker 1" }, { "start": 3073.18, "end": 3074.66, "speaker": "Speaker 1" }, { "start": 3075.12, "end": 3081.23, "speaker": "Speaker 1" }, { "start": 3081.64, "end": 3084.88, "speaker": "Speaker 1" }, { "start": 3084.45, "end": 3084.72, "speaker": "Speaker 2" }, { "start": 3085.15, "end": 3089.12, "speaker": "Speaker 1" }, { "start": 3090.22, "end": 3093.92, "speaker": "Speaker 1" }, { "start": 3094.33, "end": 3098.19, "speaker": "Speaker 1" }, { "start": 3098.47, "end": 3099.52, "speaker": "Speaker 1" }, { "start": 3099.77, "end": 3102.95, "speaker": "Speaker 1" }, { "start": 3103.26, "end": 3110.86, "speaker": "Speaker 1" }, { "start": 3111.54, "end": 3115.83, "speaker": "Speaker 1" }, { "start": 3116.68, "end": 3121.15, "speaker": "Speaker 1" }, { "start": 3121.39, "end": 3121.62, "speaker": "Speaker 2" }, { "start": 3121.55, "end": 3125.76, "speaker": "Speaker 1" }, { "start": 3126.01, "end": 3130.06, "speaker": "Speaker 1" }, { "start": 3130.79, "end": 3131.54, "speaker": "Speaker 1" }, { "start": 3131.89, "end": 3136.08, "speaker": "Speaker 1" }, { "start": 3136.39, "end": 3136.91, "speaker": "Speaker 1" }, { "start": 3137.15, "end": 3144.91, "speaker": "Speaker 1" }, { "start": 3145.2, "end": 3150.87, "speaker": "Speaker 1" }, { "start": 3147.6, "end": 3147.98, "speaker": "Speaker 2" }, { "start": 3151.31, "end": 3151.7, "speaker": "Speaker 1" }, { "start": 3152.2, "end": 3154.37, "speaker": "Speaker 1" }, { "start": 3154.84, "end": 3156.25, "speaker": "Speaker 1" }, { "start": 3156.62, "end": 3159.65, "speaker": "Speaker 1" }, { "start": 3160.08, "end": 3165.71, "speaker": "Speaker 1" }, { "start": 3166.07, "end": 3167.12, "speaker": "Speaker 1" }, { "start": 3167.6, "end": 3171.19, "speaker": "Speaker 1" }, { "start": 3171.62, "end": 3173.63, "speaker": "Speaker 1" }, { "start": 3173.87, "end": 3180.3, "speaker": "Speaker 1" }, { "start": 3180.64, "end": 3185.95, "speaker": "Speaker 1" }, { "start": 3186.44, "end": 3190.08, "speaker": "Speaker 1" }, { "start": 3190.85, "end": 3193.54, "speaker": "Speaker 1" }, { "start": 3194.05, "end": 3199.24, "speaker": "Speaker 1" }, { "start": 3199.61, "end": 3200.42, "speaker": "Speaker 1" }, { "start": 3200.84, "end": 3203.22, "speaker": "Speaker 1" }, { "start": 3203.46, "end": 3206.81, "speaker": "Speaker 1" }, { "start": 3207.1, "end": 3210.92, "speaker": "Speaker 1" }, { "start": 3211.19, "end": 3211.92, "speaker": "Speaker 1" }, { "start": 3212.31, "end": 3214.57, "speaker": "Speaker 1" }, { "start": 3214.78, "end": 3218.14, "speaker": "Speaker 1" }, { "start": 3218.62, "end": 3222.7, "speaker": "Speaker 1" }, { "start": 3223.01, "end": 3224.39, "speaker": "Speaker 1" }, { "start": 3224.77, "end": 3225.66, "speaker": "Speaker 1" }, { "start": 3226.17, "end": 3228.85, "speaker": "Speaker 1" }, { "start": 3227.82, "end": 3228.1, "speaker": "Speaker 2" }, { "start": 3229.6, "end": 3231.84, "speaker": "Speaker 1" }, { "start": 3232.69, "end": 3233.63, "speaker": "Speaker 1" }, { "start": 3234.01, "end": 3238.6, "speaker": "Speaker 1" }, { "start": 3238.97, "end": 3241.21, "speaker": "Speaker 1" }, { "start": 3241.58, "end": 3242.49, "speaker": "Speaker 2" }, { "start": 3242.82, "end": 3250.7, "speaker": "Speaker 2" }, { "start": 3250.98, "end": 3252.06, "speaker": "Speaker 1" } ], "exclusive_turns": [ { "start": 0.06, "end": 13.75, "speaker": "Speaker 1" }, { "start": 18.82, "end": 21.54, "speaker": "Speaker 2" }, { "start": 21.73, "end": 22.63, "speaker": "Speaker 1" }, { "start": 22.64, "end": 22.68, "speaker": "Speaker 1" }, { "start": 22.830000000000002, "end": 22.87, "speaker": "Speaker 1" }, { "start": 23.080000000000002, "end": 28.060000000000002, "speaker": "Speaker 2" }, { "start": 28.53, "end": 31.05, "speaker": "Speaker 2" }, { "start": 31.35, "end": 33.4, "speaker": "Speaker 1" }, { "start": 33.77, "end": 38.51, "speaker": "Speaker 1" }, { "start": 38.88, "end": 39.47, "speaker": "Speaker 1" }, { "start": 39.800000000000004, "end": 45.08, "speaker": "Speaker 1" }, { "start": 45.62, "end": 47.13, "speaker": "Speaker 1" }, { "start": 47.47, "end": 47.86, "speaker": "Speaker 1" }, { "start": 48.6, "end": 51.2, "speaker": "Speaker 1" }, { "start": 51.620000000000005, "end": 52.980000000000004, "speaker": "Speaker 1" }, { "start": 53.38, "end": 54.44, "speaker": "Speaker 1" }, { "start": 54.71, "end": 61.620000000000005, "speaker": "Speaker 1" }, { "start": 61.72, "end": 61.97, "speaker": "Speaker 2" }, { "start": 61.97, "end": 65.43, "speaker": "Speaker 1" }, { "start": 65.79, "end": 68.96000000000001, "speaker": "Speaker 1" }, { "start": 69.34, "end": 72.48, "speaker": "Speaker 1" }, { "start": 72.74, "end": 74.44, "speaker": "Speaker 1" }, { "start": 74.91, "end": 78.47, "speaker": "Speaker 1" }, { "start": 78.84, "end": 82.26, "speaker": "Speaker 1" }, { "start": 83.04, "end": 86.35000000000001, "speaker": "Speaker 1" }, { "start": 86.9, "end": 94.60000000000001, "speaker": "Speaker 1" }, { "start": 94.96000000000001, "end": 96.26, "speaker": "Speaker 1" }, { "start": 96.58, "end": 98.58, "speaker": "Speaker 1" }, { "start": 99.08, "end": 106.4, "speaker": "Speaker 2" }, { "start": 106.60000000000001, "end": 109.77, "speaker": "Speaker 2" }, { "start": 109.98, "end": 112.0, "speaker": "Speaker 2" }, { "start": 112.61, "end": 113.23, "speaker": "Speaker 2" }, { "start": 114.19, "end": 115.5, "speaker": "Speaker 2" }, { "start": 115.71000000000001, "end": 117.28, "speaker": "Speaker 2" }, { "start": 117.57000000000001, "end": 119.41, "speaker": "Speaker 2" }, { "start": 119.75, "end": 124.62, "speaker": "Speaker 2" }, { "start": 124.89, "end": 130.3, "speaker": "Speaker 2" }, { "start": 130.54, "end": 136.87, "speaker": "Speaker 1" }, { "start": 137.34, "end": 142.8, "speaker": "Speaker 1" }, { "start": 143.64000000000001, "end": 144.84, "speaker": "Speaker 1" }, { "start": 145.35, "end": 149.55, "speaker": "Speaker 1" }, { "start": 150.05, "end": 151.19, "speaker": "Speaker 1" }, { "start": 151.53, "end": 153.06, "speaker": "Speaker 1" }, { "start": 153.59, "end": 156.1, "speaker": "Speaker 1" }, { "start": 156.49, "end": 159.94, "speaker": "Speaker 1" }, { "start": 160.26, "end": 162.29, "speaker": "Speaker 1" }, { "start": 162.54, "end": 164.56, "speaker": "Speaker 1" }, { "start": 164.86, "end": 169.35, "speaker": "Speaker 1" }, { "start": 169.71, "end": 174.04, "speaker": "Speaker 1" }, { "start": 174.37, "end": 174.72, "speaker": "Speaker 1" }, { "start": 175.0, "end": 181.43, "speaker": "Speaker 1" }, { "start": 181.72, "end": 185.24, "speaker": "Speaker 1" }, { "start": 185.62, "end": 188.31, "speaker": "Speaker 1" }, { "start": 188.66, "end": 194.33, "speaker": "Speaker 1" }, { "start": 194.61, "end": 196.67000000000002, "speaker": "Speaker 1" }, { "start": 197.03, "end": 199.21, "speaker": "Speaker 1" }, { "start": 199.70000000000002, "end": 200.1, "speaker": "Speaker 1" }, { "start": 200.53, "end": 200.94, "speaker": "Speaker 1" }, { "start": 201.49, "end": 204.9, "speaker": "Speaker 1" }, { "start": 205.14000000000001, "end": 209.61, "speaker": "Speaker 1" }, { "start": 210.11, "end": 210.59, "speaker": "Speaker 1" }, { "start": 210.92000000000002, "end": 212.85, "speaker": "Speaker 1" }, { "start": 213.1, "end": 219.32, "speaker": "Speaker 1" }, { "start": 219.81, "end": 221.07, "speaker": "Speaker 1" }, { "start": 221.42000000000002, "end": 223.35, "speaker": "Speaker 1" }, { "start": 223.76, "end": 229.0, "speaker": "Speaker 1" }, { "start": 229.48000000000002, "end": 232.17000000000002, "speaker": "Speaker 1" }, { "start": 232.44, "end": 232.53, "speaker": "Speaker 2" }, { "start": 232.53, "end": 234.51, "speaker": "Speaker 1" }, { "start": 234.95000000000002, "end": 235.45000000000002, "speaker": "Speaker 1" }, { "start": 235.66, "end": 239.97, "speaker": "Speaker 1" }, { "start": 240.46, "end": 241.02, "speaker": "Speaker 1" }, { "start": 241.37, "end": 243.88, "speaker": "Speaker 1" }, { "start": 244.13, "end": 246.88, "speaker": "Speaker 1" }, { "start": 247.59, "end": 249.12, "speaker": "Speaker 1" }, { "start": 249.43, "end": 250.39000000000001, "speaker": "Speaker 1" }, { "start": 251.20000000000002, "end": 252.11, "speaker": "Speaker 1" }, { "start": 252.74, "end": 256.37, "speaker": "Speaker 1" }, { "start": 256.67, "end": 259.41, "speaker": "Speaker 1" }, { "start": 259.8, "end": 261.14, "speaker": "Speaker 1" }, { "start": 261.53000000000003, "end": 263.97, "speaker": "Speaker 1" }, { "start": 264.18, "end": 266.79, "speaker": "Speaker 1" }, { "start": 267.26, "end": 268.86, "speaker": "Speaker 1" }, { "start": 269.22, "end": 270.59000000000003, "speaker": "Speaker 1" }, { "start": 270.95, "end": 271.67, "speaker": "Speaker 1" }, { "start": 272.15, "end": 282.62, "speaker": "Speaker 1" }, { "start": 283.04, "end": 283.42, "speaker": "Speaker 1" }, { "start": 283.8, "end": 287.24, "speaker": "Speaker 1" }, { "start": 288.19, "end": 288.39, "speaker": "Speaker 1" }, { "start": 288.83, "end": 291.64, "speaker": "Speaker 1" }, { "start": 292.19, "end": 293.85, "speaker": "Speaker 1" }, { "start": 294.21, "end": 298.14, "speaker": "Speaker 1" }, { "start": 298.47, "end": 300.1, "speaker": "Speaker 1" }, { "start": 300.69, "end": 303.21, "speaker": "Speaker 1" }, { "start": 303.79, "end": 304.90000000000003, "speaker": "Speaker 1" }, { "start": 305.16, "end": 309.89, "speaker": "Speaker 1" }, { "start": 310.25, "end": 313.42, "speaker": "Speaker 1" }, { "start": 313.89, "end": 315.72, "speaker": "Speaker 1" }, { "start": 315.82, "end": 320.89, "speaker": "Speaker 2" }, { "start": 321.12, "end": 324.8, "speaker": "Speaker 2" }, { "start": 325.04, "end": 325.7, "speaker": "Speaker 2" }, { "start": 326.0, "end": 329.78000000000003, "speaker": "Speaker 2" }, { "start": 330.27, "end": 339.3, "speaker": "Speaker 2" }, { "start": 339.7, "end": 342.29, "speaker": "Speaker 2" }, { "start": 342.75, "end": 348.0, "speaker": "Speaker 2" }, { "start": 348.26, "end": 350.52, "speaker": "Speaker 2" }, { "start": 350.86, "end": 355.82, "speaker": "Speaker 2" }, { "start": 356.07, "end": 360.13, "speaker": "Speaker 2" }, { "start": 360.34000000000003, "end": 363.54, "speaker": "Speaker 2" }, { "start": 363.86, "end": 369.33, "speaker": "Speaker 1" }, { "start": 369.63, "end": 371.2, "speaker": "Speaker 1" }, { "start": 371.62, "end": 374.59000000000003, "speaker": "Speaker 1" }, { "start": 375.06, "end": 381.32, "speaker": "Speaker 1" }, { "start": 381.74, "end": 384.48, "speaker": "Speaker 1" }, { "start": 384.82, "end": 389.33, "speaker": "Speaker 1" }, { "start": 389.33, "end": 389.41, "speaker": "Speaker 2" }, { "start": 389.82, "end": 390.6, "speaker": "Speaker 1" }, { "start": 390.82, "end": 394.42, "speaker": "Speaker 1" }, { "start": 394.74, "end": 399.19, "speaker": "Speaker 1" }, { "start": 399.54, "end": 402.33, "speaker": "Speaker 1" }, { "start": 402.56, "end": 406.92, "speaker": "Speaker 1" }, { "start": 407.23, "end": 407.91, "speaker": "Speaker 1" }, { "start": 408.22, "end": 411.15000000000003, "speaker": "Speaker 1" }, { "start": 411.41, "end": 415.90000000000003, "speaker": "Speaker 1" }, { "start": 416.47, "end": 417.82, "speaker": "Speaker 1" }, { "start": 418.7, "end": 419.95, "speaker": "Speaker 1" }, { "start": 420.3, "end": 422.67, "speaker": "Speaker 1" }, { "start": 423.23, "end": 427.11, "speaker": "Speaker 1" }, { "start": 427.41, "end": 428.82, "speaker": "Speaker 1" }, { "start": 429.44, "end": 431.49, "speaker": "Speaker 1" }, { "start": 431.67, "end": 434.27, "speaker": "Speaker 1" }, { "start": 434.68, "end": 437.77, "speaker": "Speaker 1" }, { "start": 438.15000000000003, "end": 444.37, "speaker": "Speaker 1" }, { "start": 444.76, "end": 445.26, "speaker": "Speaker 1" }, { "start": 445.65000000000003, "end": 448.41, "speaker": "Speaker 1" }, { "start": 448.84000000000003, "end": 452.73, "speaker": "Speaker 1" }, { "start": 453.12, "end": 460.36, "speaker": "Speaker 1" }, { "start": 460.69, "end": 461.03000000000003, "speaker": "Speaker 2" }, { "start": 461.52, "end": 462.66, "speaker": "Speaker 2" }, { "start": 463.01, "end": 466.69, "speaker": "Speaker 2" }, { "start": 467.04, "end": 473.92, "speaker": "Speaker 2" }, { "start": 474.29, "end": 474.73, "speaker": "Speaker 2" }, { "start": 475.06, "end": 480.01, "speaker": "Speaker 2" }, { "start": 480.37, "end": 485.72, "speaker": "Speaker 2" }, { "start": 486.07, "end": 490.8, "speaker": "Speaker 2" }, { "start": 490.98, "end": 492.09000000000003, "speaker": "Speaker 2" }, { "start": 492.40000000000003, "end": 497.2, "speaker": "Speaker 2" }, { "start": 497.44, "end": 504.14, "speaker": "Speaker 1" }, { "start": 504.61, "end": 512.05, "speaker": "Speaker 1" }, { "start": 512.54, "end": 516.34, "speaker": "Speaker 1" }, { "start": 516.63, "end": 519.87, "speaker": "Speaker 1" }, { "start": 520.11, "end": 521.22, "speaker": "Speaker 1" }, { "start": 521.72, "end": 524.63, "speaker": "Speaker 1" }, { "start": 524.89, "end": 526.4, "speaker": "Speaker 1" }, { "start": 526.9300000000001, "end": 529.64, "speaker": "Speaker 1" }, { "start": 529.88, "end": 535.03, "speaker": "Speaker 1" }, { "start": 535.37, "end": 537.85, "speaker": "Speaker 1" }, { "start": 538.13, "end": 538.87, "speaker": "Speaker 1" }, { "start": 539.11, "end": 540.86, "speaker": "Speaker 1" }, { "start": 541.26, "end": 543.48, "speaker": "Speaker 1" }, { "start": 543.97, "end": 546.7, "speaker": "Speaker 1" }, { "start": 547.35, "end": 550.83, "speaker": "Speaker 1" }, { "start": 551.35, "end": 553.1800000000001, "speaker": "Speaker 1" }, { "start": 553.52, "end": 555.34, "speaker": "Speaker 1" }, { "start": 555.6800000000001, "end": 559.53, "speaker": "Speaker 1" }, { "start": 559.98, "end": 562.82, "speaker": "Speaker 1" }, { "start": 563.7, "end": 566.82, "speaker": "Speaker 1" }, { "start": 567.01, "end": 570.65, "speaker": "Speaker 1" }, { "start": 571.01, "end": 571.52, "speaker": "Speaker 1" }, { "start": 571.52, "end": 571.5600000000001, "speaker": "Speaker 2" }, { "start": 571.7, "end": 575.96, "speaker": "Speaker 2" }, { "start": 577.49, "end": 578.04, "speaker": "Speaker 2" }, { "start": 578.67, "end": 586.5500000000001, "speaker": "Speaker 2" }, { "start": 586.73, "end": 590.1, "speaker": "Speaker 2" }, { "start": 590.48, "end": 592.88, "speaker": "Speaker 2" }, { "start": 593.1800000000001, "end": 597.29, "speaker": "Speaker 2" }, { "start": 597.72, "end": 599.6800000000001, "speaker": "Speaker 2" }, { "start": 600.09, "end": 602.53, "speaker": "Speaker 2" }, { "start": 602.97, "end": 609.0500000000001, "speaker": "Speaker 1" }, { "start": 609.5, "end": 614.37, "speaker": "Speaker 1" }, { "start": 614.64, "end": 615.89, "speaker": "Speaker 1" }, { "start": 616.1800000000001, "end": 619.97, "speaker": "Speaker 1" }, { "start": 620.38, "end": 622.32, "speaker": "Speaker 1" }, { "start": 622.53, "end": 623.8000000000001, "speaker": "Speaker 1" }, { "start": 624.25, "end": 626.03, "speaker": "Speaker 1" }, { "start": 626.33, "end": 627.88, "speaker": "Speaker 1" }, { "start": 628.25, "end": 631.41, "speaker": "Speaker 1" }, { "start": 631.72, "end": 634.99, "speaker": "Speaker 1" }, { "start": 635.3000000000001, "end": 637.78, "speaker": "Speaker 1" }, { "start": 638.0600000000001, "end": 638.9300000000001, "speaker": "Speaker 1" }, { "start": 639.3000000000001, "end": 640.26, "speaker": "Speaker 1" }, { "start": 640.83, "end": 644.19, "speaker": "Speaker 1" }, { "start": 644.35, "end": 644.99, "speaker": "Speaker 1" }, { "start": 645.35, "end": 649.34, "speaker": "Speaker 1" }, { "start": 649.66, "end": 652.92, "speaker": "Speaker 1" }, { "start": 652.92, "end": 652.96, "speaker": "Speaker 2" }, { "start": 652.96, "end": 655.0, "speaker": "Speaker 1" }, { "start": 655.42, "end": 656.95, "speaker": "Speaker 1" }, { "start": 657.16, "end": 661.77, "speaker": "Speaker 1" }, { "start": 661.98, "end": 662.16, "speaker": "Speaker 2" }, { "start": 662.16, "end": 664.26, "speaker": "Speaker 1" }, { "start": 664.8100000000001, "end": 666.0, "speaker": "Speaker 1" }, { "start": 666.42, "end": 666.86, "speaker": "Speaker 1" }, { "start": 667.48, "end": 672.65, "speaker": "Speaker 1" }, { "start": 672.96, "end": 674.26, "speaker": "Speaker 1" }, { "start": 674.63, "end": 674.79, "speaker": "Speaker 2" }, { "start": 674.79, "end": 675.23, "speaker": "Speaker 1" }, { "start": 675.72, "end": 676.22, "speaker": "Speaker 1" }, { "start": 676.52, "end": 678.26, "speaker": "Speaker 1" }, { "start": 678.77, "end": 681.25, "speaker": "Speaker 1" }, { "start": 681.64, "end": 682.8000000000001, "speaker": "Speaker 1" }, { "start": 683.0, "end": 684.76, "speaker": "Speaker 1" }, { "start": 685.0600000000001, "end": 685.52, "speaker": "Speaker 1" }, { "start": 686.13, "end": 689.25, "speaker": "Speaker 1" }, { "start": 689.53, "end": 693.64, "speaker": "Speaker 1" }, { "start": 693.8000000000001, "end": 694.26, "speaker": "Speaker 2" }, { "start": 694.33, "end": 696.37, "speaker": "Speaker 1" }, { "start": 696.84, "end": 697.46, "speaker": "Speaker 1" }, { "start": 697.77, "end": 699.38, "speaker": "Speaker 1" }, { "start": 699.92, "end": 700.53, "speaker": "Speaker 1" }, { "start": 700.95, "end": 703.11, "speaker": "Speaker 1" }, { "start": 703.38, "end": 704.1800000000001, "speaker": "Speaker 1" }, { "start": 704.4, "end": 706.8000000000001, "speaker": "Speaker 1" }, { "start": 707.1, "end": 710.36, "speaker": "Speaker 1" }, { "start": 710.79, "end": 717.73, "speaker": "Speaker 1" }, { "start": 718.07, "end": 720.88, "speaker": "Speaker 1" }, { "start": 721.23, "end": 723.98, "speaker": "Speaker 1" }, { "start": 724.3000000000001, "end": 724.62, "speaker": "Speaker 2" }, { "start": 725.07, "end": 731.0, "speaker": "Speaker 2" }, { "start": 731.21, "end": 736.8000000000001, "speaker": "Speaker 2" }, { "start": 737.4, "end": 738.8000000000001, "speaker": "Speaker 2" }, { "start": 739.12, "end": 739.28, "speaker": "Speaker 1" }, { "start": 739.28, "end": 742.98, "speaker": "Speaker 2" }, { "start": 743.33, "end": 746.54, "speaker": "Speaker 2" }, { "start": 746.82, "end": 755.64, "speaker": "Speaker 2" }, { "start": 756.01, "end": 757.4300000000001, "speaker": "Speaker 2" }, { "start": 757.91, "end": 759.19, "speaker": "Speaker 2" }, { "start": 759.53, "end": 764.44, "speaker": "Speaker 2" }, { "start": 764.69, "end": 768.6800000000001, "speaker": "Speaker 2" }, { "start": 768.94, "end": 771.25, "speaker": "Speaker 2" }, { "start": 771.71, "end": 774.46, "speaker": "Speaker 2" }, { "start": 774.74, "end": 775.29, "speaker": "Speaker 2" }, { "start": 775.8000000000001, "end": 781.36, "speaker": "Speaker 2" }, { "start": 781.4, "end": 781.44, "speaker": "Speaker 2" }, { "start": 781.49, "end": 784.19, "speaker": "Speaker 2" }, { "start": 784.74, "end": 789.29, "speaker": "Speaker 2" }, { "start": 789.7, "end": 792.75, "speaker": "Speaker 1" }, { "start": 793.04, "end": 795.64, "speaker": "Speaker 1" }, { "start": 796.11, "end": 800.14, "speaker": "Speaker 1" }, { "start": 800.52, "end": 802.89, "speaker": "Speaker 1" }, { "start": 803.75, "end": 807.87, "speaker": "Speaker 1" }, { "start": 808.13, "end": 808.33, "speaker": "Speaker 2" }, { "start": 808.45, "end": 809.01, "speaker": "Speaker 1" }, { "start": 809.38, "end": 811.94, "speaker": "Speaker 1" }, { "start": 812.44, "end": 812.87, "speaker": "Speaker 1" }, { "start": 813.09, "end": 817.6700000000001, "speaker": "Speaker 1" }, { "start": 818.07, "end": 824.25, "speaker": "Speaker 1" }, { "start": 824.45, "end": 825.16, "speaker": "Speaker 1" }, { "start": 825.57, "end": 826.0600000000001, "speaker": "Speaker 1" }, { "start": 826.49, "end": 827.29, "speaker": "Speaker 1" }, { "start": 827.71, "end": 835.78, "speaker": "Speaker 1" }, { "start": 836.2, "end": 838.47, "speaker": "Speaker 1" }, { "start": 838.76, "end": 838.9300000000001, "speaker": "Speaker 1" }, { "start": 839.19, "end": 842.75, "speaker": "Speaker 1" }, { "start": 843.09, "end": 844.3100000000001, "speaker": "Speaker 1" }, { "start": 844.82, "end": 848.71, "speaker": "Speaker 1" }, { "start": 848.9300000000001, "end": 851.2, "speaker": "Speaker 1" }, { "start": 851.47, "end": 852.28, "speaker": "Speaker 1" }, { "start": 852.61, "end": 855.41, "speaker": "Speaker 1" }, { "start": 855.8000000000001, "end": 857.04, "speaker": "Speaker 1" }, { "start": 857.4200000000001, "end": 859.6700000000001, "speaker": "Speaker 1" }, { "start": 860.08, "end": 863.5, "speaker": "Speaker 1" }, { "start": 863.96, "end": 864.77, "speaker": "Speaker 1" }, { "start": 865.02, "end": 870.32, "speaker": "Speaker 1" }, { "start": 870.76, "end": 871.24, "speaker": "Speaker 1" }, { "start": 871.64, "end": 872.71, "speaker": "Speaker 1" }, { "start": 873.13, "end": 874.0, "speaker": "Speaker 1" }, { "start": 874.19, "end": 877.85, "speaker": "Speaker 1" }, { "start": 878.26, "end": 884.02, "speaker": "Speaker 1" }, { "start": 884.85, "end": 886.26, "speaker": "Speaker 1" }, { "start": 886.76, "end": 889.11, "speaker": "Speaker 1" }, { "start": 889.51, "end": 892.0, "speaker": "Speaker 1" }, { "start": 892.27, "end": 892.49, "speaker": "Speaker 2" }, { "start": 892.49, "end": 896.27, "speaker": "Speaker 1" }, { "start": 896.75, "end": 901.0, "speaker": "Speaker 1" }, { "start": 901.24, "end": 902.36, "speaker": "Speaker 1" }, { "start": 902.69, "end": 904.98, "speaker": "Speaker 1" }, { "start": 905.25, "end": 909.9300000000001, "speaker": "Speaker 1" }, { "start": 910.1700000000001, "end": 913.36, "speaker": "Speaker 1" }, { "start": 913.64, "end": 915.22, "speaker": "Speaker 1" }, { "start": 915.6800000000001, "end": 915.89, "speaker": "Speaker 2" }, { "start": 915.89, "end": 916.3100000000001, "speaker": "Speaker 1" }, { "start": 916.5500000000001, "end": 919.41, "speaker": "Speaker 1" }, { "start": 919.87, "end": 921.95, "speaker": "Speaker 1" }, { "start": 922.53, "end": 923.11, "speaker": "Speaker 1" }, { "start": 923.48, "end": 926.99, "speaker": "Speaker 1" }, { "start": 927.25, "end": 929.13, "speaker": "Speaker 1" }, { "start": 929.74, "end": 934.64, "speaker": "Speaker 1" }, { "start": 934.9200000000001, "end": 937.63, "speaker": "Speaker 1" }, { "start": 937.94, "end": 940.59, "speaker": "Speaker 1" }, { "start": 941.12, "end": 947.79, "speaker": "Speaker 1" }, { "start": 948.16, "end": 949.52, "speaker": "Speaker 1" }, { "start": 949.77, "end": 950.07, "speaker": "Speaker 1" }, { "start": 950.3100000000001, "end": 951.53, "speaker": "Speaker 1" }, { "start": 951.85, "end": 952.79, "speaker": "Speaker 1" }, { "start": 953.44, "end": 954.51, "speaker": "Speaker 1" }, { "start": 954.9300000000001, "end": 956.15, "speaker": "Speaker 1" }, { "start": 956.49, "end": 958.5600000000001, "speaker": "Speaker 1" }, { "start": 958.84, "end": 960.01, "speaker": "Speaker 1" }, { "start": 960.3000000000001, "end": 965.3100000000001, "speaker": "Speaker 1" }, { "start": 965.62, "end": 966.04, "speaker": "Speaker 1" }, { "start": 966.7, "end": 971.0, "speaker": "Speaker 1" }, { "start": 971.53, "end": 973.7, "speaker": "Speaker 1" }, { "start": 974.02, "end": 975.78, "speaker": "Speaker 1" }, { "start": 976.1, "end": 980.11, "speaker": "Speaker 1" }, { "start": 980.8000000000001, "end": 990.73, "speaker": "Speaker 2" }, { "start": 991.11, "end": 994.45, "speaker": "Speaker 2" }, { "start": 994.73, "end": 996.84, "speaker": "Speaker 2" }, { "start": 997.1800000000001, "end": 1001.64, "speaker": "Speaker 2" }, { "start": 1002.1, "end": 1007.5600000000001, "speaker": "Speaker 2" }, { "start": 1007.77, "end": 1011.0400000000001, "speaker": "Speaker 2" }, { "start": 1011.32, "end": 1014.6700000000001, "speaker": "Speaker 2" }, { "start": 1015.2, "end": 1015.53, "speaker": "Speaker 2" }, { "start": 1015.91, "end": 1020.66, "speaker": "Speaker 2" }, { "start": 1021.09, "end": 1023.8000000000001, "speaker": "Speaker 2" }, { "start": 1024.17, "end": 1026.05, "speaker": "Speaker 2" }, { "start": 1026.42, "end": 1026.85, "speaker": "Speaker 2" }, { "start": 1027.54, "end": 1028.25, "speaker": "Speaker 2" }, { "start": 1028.76, "end": 1035.2, "speaker": "Speaker 2" }, { "start": 1035.82, "end": 1041.28, "speaker": "Speaker 2" }, { "start": 1041.64, "end": 1045.96, "speaker": "Speaker 2" }, { "start": 1046.3600000000001, "end": 1048.42, "speaker": "Speaker 1" }, { "start": 1048.64, "end": 1049.19, "speaker": "Speaker 1" }, { "start": 1049.42, "end": 1051.59, "speaker": "Speaker 1" }, { "start": 1051.81, "end": 1056.17, "speaker": "Speaker 1" }, { "start": 1056.67, "end": 1057.21, "speaker": "Speaker 1" }, { "start": 1057.63, "end": 1058.02, "speaker": "Speaker 1" }, { "start": 1058.19, "end": 1062.1, "speaker": "Speaker 1" }, { "start": 1062.38, "end": 1067.72, "speaker": "Speaker 1" }, { "start": 1068.16, "end": 1072.78, "speaker": "Speaker 1" }, { "start": 1073.2, "end": 1074.5, "speaker": "Speaker 1" }, { "start": 1074.96, "end": 1075.44, "speaker": "Speaker 1" }, { "start": 1075.83, "end": 1079.77, "speaker": "Speaker 1" }, { "start": 1080.1100000000001, "end": 1082.3600000000001, "speaker": "Speaker 1" }, { "start": 1082.6200000000001, "end": 1084.26, "speaker": "Speaker 1" }, { "start": 1084.54, "end": 1089.42, "speaker": "Speaker 1" }, { "start": 1089.8600000000001, "end": 1090.79, "speaker": "Speaker 1" }, { "start": 1091.09, "end": 1091.93, "speaker": "Speaker 1" }, { "start": 1092.8, "end": 1094.77, "speaker": "Speaker 1" }, { "start": 1094.93, "end": 1097.24, "speaker": "Speaker 1" }, { "start": 1097.77, "end": 1100.65, "speaker": "Speaker 1" }, { "start": 1100.93, "end": 1105.66, "speaker": "Speaker 1" }, { "start": 1105.99, "end": 1106.41, "speaker": "Speaker 1" }, { "start": 1106.65, "end": 1110.09, "speaker": "Speaker 1" }, { "start": 1110.33, "end": 1117.6100000000001, "speaker": "Speaker 1" }, { "start": 1117.88, "end": 1120.4, "speaker": "Speaker 1" }, { "start": 1120.94, "end": 1123.0, "speaker": "Speaker 1" }, { "start": 1123.26, "end": 1125.05, "speaker": "Speaker 1" }, { "start": 1125.41, "end": 1131.57, "speaker": "Speaker 1" }, { "start": 1131.94, "end": 1132.64, "speaker": "Speaker 1" }, { "start": 1132.94, "end": 1136.33, "speaker": "Speaker 1" }, { "start": 1136.65, "end": 1137.73, "speaker": "Speaker 1" }, { "start": 1138.46, "end": 1140.92, "speaker": "Speaker 1" }, { "start": 1141.2, "end": 1141.47, "speaker": "Speaker 2" }, { "start": 1141.48, "end": 1142.06, "speaker": "Speaker 1" }, { "start": 1142.41, "end": 1143.33, "speaker": "Speaker 1" }, { "start": 1143.91, "end": 1148.9, "speaker": "Speaker 1" }, { "start": 1149.38, "end": 1153.64, "speaker": "Speaker 1" }, { "start": 1154.1100000000001, "end": 1159.2, "speaker": "Speaker 1" }, { "start": 1159.52, "end": 1160.59, "speaker": "Speaker 1" }, { "start": 1160.83, "end": 1163.17, "speaker": "Speaker 1" }, { "start": 1163.46, "end": 1165.51, "speaker": "Speaker 1" }, { "start": 1165.75, "end": 1170.77, "speaker": "Speaker 1" }, { "start": 1171.07, "end": 1172.84, "speaker": "Speaker 1" }, { "start": 1173.34, "end": 1176.81, "speaker": "Speaker 1" }, { "start": 1177.19, "end": 1177.64, "speaker": "Speaker 1" }, { "start": 1178.38, "end": 1184.6000000000001, "speaker": "Speaker 1" }, { "start": 1185.06, "end": 1185.41, "speaker": "Speaker 2" }, { "start": 1185.83, "end": 1191.3600000000001, "speaker": "Speaker 2" }, { "start": 1191.79, "end": 1193.18, "speaker": "Speaker 2" }, { "start": 1193.6200000000001, "end": 1194.01, "speaker": "Speaker 2" }, { "start": 1194.32, "end": 1199.44, "speaker": "Speaker 2" }, { "start": 1199.69, "end": 1203.66, "speaker": "Speaker 2" }, { "start": 1203.8600000000001, "end": 1207.31, "speaker": "Speaker 2" }, { "start": 1207.69, "end": 1211.8600000000001, "speaker": "Speaker 2" }, { "start": 1212.19, "end": 1216.83, "speaker": "Speaker 2" }, { "start": 1217.08, "end": 1218.79, "speaker": "Speaker 2" }, { "start": 1219.13, "end": 1220.94, "speaker": "Speaker 2" }, { "start": 1221.38, "end": 1222.9, "speaker": "Speaker 2" }, { "start": 1223.59, "end": 1224.02, "speaker": "Speaker 2" }, { "start": 1224.43, "end": 1227.3600000000001, "speaker": "Speaker 2" }, { "start": 1228.3, "end": 1236.03, "speaker": "Speaker 2" }, { "start": 1236.25, "end": 1239.76, "speaker": "Speaker 2" }, { "start": 1240.02, "end": 1242.71, "speaker": "Speaker 2" }, { "start": 1243.07, "end": 1247.94, "speaker": "Speaker 1" }, { "start": 1248.33, "end": 1248.82, "speaker": "Speaker 1" }, { "start": 1249.1100000000001, "end": 1253.27, "speaker": "Speaker 1" }, { "start": 1253.8700000000001, "end": 1258.71, "speaker": "Speaker 1" }, { "start": 1259.04, "end": 1260.3700000000001, "speaker": "Speaker 1" }, { "start": 1260.75, "end": 1266.41, "speaker": "Speaker 1" }, { "start": 1266.71, "end": 1267.7, "speaker": "Speaker 1" }, { "start": 1267.88, "end": 1267.99, "speaker": "Speaker 2" }, { "start": 1268.26, "end": 1268.77, "speaker": "Speaker 1" }, { "start": 1269.16, "end": 1269.63, "speaker": "Speaker 1" }, { "start": 1269.95, "end": 1272.06, "speaker": "Speaker 1" }, { "start": 1272.47, "end": 1275.06, "speaker": "Speaker 1" }, { "start": 1275.3700000000001, "end": 1279.15, "speaker": "Speaker 1" }, { "start": 1279.56, "end": 1279.97, "speaker": "Speaker 1" }, { "start": 1280.23, "end": 1282.17, "speaker": "Speaker 1" }, { "start": 1282.63, "end": 1287.1100000000001, "speaker": "Speaker 1" }, { "start": 1287.75, "end": 1288.32, "speaker": "Speaker 1" }, { "start": 1289.42, "end": 1289.68, "speaker": "Speaker 1" }, { "start": 1289.91, "end": 1292.93, "speaker": "Speaker 1" }, { "start": 1293.34, "end": 1294.56, "speaker": "Speaker 1" }, { "start": 1295.39, "end": 1297.73, "speaker": "Speaker 1" }, { "start": 1298.56, "end": 1304.8700000000001, "speaker": "Speaker 1" }, { "start": 1305.3600000000001, "end": 1307.94, "speaker": "Speaker 1" }, { "start": 1308.24, "end": 1315.0, "speaker": "Speaker 1" }, { "start": 1315.57, "end": 1317.8600000000001, "speaker": "Speaker 1" }, { "start": 1318.4, "end": 1318.91, "speaker": "Speaker 1" }, { "start": 1319.32, "end": 1321.58, "speaker": "Speaker 1" }, { "start": 1322.18, "end": 1323.68, "speaker": "Speaker 1" }, { "start": 1323.91, "end": 1326.06, "speaker": "Speaker 1" }, { "start": 1326.74, "end": 1327.55, "speaker": "Speaker 1" }, { "start": 1327.79, "end": 1329.42, "speaker": "Speaker 1" }, { "start": 1329.89, "end": 1331.42, "speaker": "Speaker 1" }, { "start": 1331.8, "end": 1333.77, "speaker": "Speaker 1" }, { "start": 1334.59, "end": 1335.99, "speaker": "Speaker 1" }, { "start": 1336.55, "end": 1337.93, "speaker": "Speaker 1" }, { "start": 1338.27, "end": 1340.43, "speaker": "Speaker 1" }, { "start": 1340.78, "end": 1341.52, "speaker": "Speaker 1" }, { "start": 1341.91, "end": 1345.8, "speaker": "Speaker 1" }, { "start": 1346.03, "end": 1347.82, "speaker": "Speaker 1" }, { "start": 1348.18, "end": 1348.69, "speaker": "Speaker 1" }, { "start": 1349.02, "end": 1354.09, "speaker": "Speaker 1" }, { "start": 1354.38, "end": 1356.79, "speaker": "Speaker 1" }, { "start": 1357.15, "end": 1360.72, "speaker": "Speaker 1" }, { "start": 1361.14, "end": 1361.17, "speaker": "Speaker 2" }, { "start": 1361.17, "end": 1365.55, "speaker": "Speaker 1" }, { "start": 1366.16, "end": 1370.42, "speaker": "Speaker 1" }, { "start": 1370.88, "end": 1371.3700000000001, "speaker": "Speaker 1" }, { "start": 1371.76, "end": 1373.71, "speaker": "Speaker 1" }, { "start": 1374.34, "end": 1380.19, "speaker": "Speaker 1" }, { "start": 1380.6200000000001, "end": 1382.72, "speaker": "Speaker 1" }, { "start": 1383.16, "end": 1386.02, "speaker": "Speaker 1" }, { "start": 1386.3500000000001, "end": 1387.75, "speaker": "Speaker 1" }, { "start": 1388.14, "end": 1390.97, "speaker": "Speaker 1" }, { "start": 1391.39, "end": 1391.92, "speaker": "Speaker 1" }, { "start": 1392.19, "end": 1395.53, "speaker": "Speaker 1" }, { "start": 1395.93, "end": 1399.3700000000001, "speaker": "Speaker 1" }, { "start": 1400.04, "end": 1402.1100000000001, "speaker": "Speaker 1" }, { "start": 1402.34, "end": 1404.8700000000001, "speaker": "Speaker 1" }, { "start": 1405.34, "end": 1409.3600000000001, "speaker": "Speaker 1" }, { "start": 1410.09, "end": 1412.46, "speaker": "Speaker 1" }, { "start": 1412.81, "end": 1415.1200000000001, "speaker": "Speaker 1" }, { "start": 1415.38, "end": 1415.68, "speaker": "Speaker 2" }, { "start": 1416.25, "end": 1416.71, "speaker": "Speaker 2" }, { "start": 1417.68, "end": 1423.04, "speaker": "Speaker 2" }, { "start": 1423.52, "end": 1424.64, "speaker": "Speaker 2" }, { "start": 1424.84, "end": 1428.41, "speaker": "Speaker 2" }, { "start": 1428.65, "end": 1435.24, "speaker": "Speaker 2" }, { "start": 1435.45, "end": 1437.79, "speaker": "Speaker 2" }, { "start": 1438.18, "end": 1439.75, "speaker": "Speaker 2" }, { "start": 1440.42, "end": 1441.8600000000001, "speaker": "Speaker 2" }, { "start": 1442.5, "end": 1447.58, "speaker": "Speaker 2" }, { "start": 1448.06, "end": 1449.28, "speaker": "Speaker 2" }, { "start": 1450.17, "end": 1454.47, "speaker": "Speaker 2" }, { "start": 1454.79, "end": 1457.92, "speaker": "Speaker 2" }, { "start": 1458.21, "end": 1462.1000000000001, "speaker": "Speaker 1" }, { "start": 1462.58, "end": 1464.01, "speaker": "Speaker 1" }, { "start": 1464.22, "end": 1465.52, "speaker": "Speaker 1" }, { "start": 1466.3700000000001, "end": 1469.23, "speaker": "Speaker 1" }, { "start": 1469.55, "end": 1473.46, "speaker": "Speaker 1" }, { "start": 1473.76, "end": 1475.26, "speaker": "Speaker 1" }, { "start": 1475.89, "end": 1482.51, "speaker": "Speaker 1" }, { "start": 1482.91, "end": 1482.96, "speaker": "Speaker 2" }, { "start": 1482.96, "end": 1483.3, "speaker": "Speaker 1" }, { "start": 1483.54, "end": 1486.1100000000001, "speaker": "Speaker 1" }, { "start": 1486.5, "end": 1492.63, "speaker": "Speaker 1" }, { "start": 1492.79, "end": 1496.2, "speaker": "Speaker 1" }, { "start": 1496.59, "end": 1498.74, "speaker": "Speaker 1" }, { "start": 1499.03, "end": 1501.63, "speaker": "Speaker 1" }, { "start": 1502.31, "end": 1508.95, "speaker": "Speaker 1" }, { "start": 1509.27, "end": 1510.63, "speaker": "Speaker 1" }, { "start": 1511.13, "end": 1516.54, "speaker": "Speaker 1" }, { "start": 1516.8600000000001, "end": 1518.8700000000001, "speaker": "Speaker 1" }, { "start": 1519.1200000000001, "end": 1521.18, "speaker": "Speaker 1" }, { "start": 1521.59, "end": 1524.01, "speaker": "Speaker 1" }, { "start": 1524.26, "end": 1527.4, "speaker": "Speaker 1" }, { "start": 1527.7, "end": 1528.03, "speaker": "Speaker 2" }, { "start": 1528.5, "end": 1529.63, "speaker": "Speaker 2" }, { "start": 1529.96, "end": 1530.51, "speaker": "Speaker 2" }, { "start": 1530.77, "end": 1533.15, "speaker": "Speaker 2" }, { "start": 1533.49, "end": 1538.63, "speaker": "Speaker 2" }, { "start": 1539.1200000000001, "end": 1539.8500000000001, "speaker": "Speaker 2" }, { "start": 1540.22, "end": 1543.5, "speaker": "Speaker 2" }, { "start": 1543.78, "end": 1545.16, "speaker": "Speaker 2" }, { "start": 1545.55, "end": 1547.0900000000001, "speaker": "Speaker 2" }, { "start": 1547.46, "end": 1548.3500000000001, "speaker": "Speaker 2" }, { "start": 1548.75, "end": 1554.81, "speaker": "Speaker 2" }, { "start": 1555.07, "end": 1562.48, "speaker": "Speaker 2" }, { "start": 1562.79, "end": 1566.22, "speaker": "Speaker 2" }, { "start": 1566.44, "end": 1570.06, "speaker": "Speaker 2" }, { "start": 1570.47, "end": 1575.0, "speaker": "Speaker 2" }, { "start": 1575.47, "end": 1577.58, "speaker": "Speaker 1" }, { "start": 1577.9, "end": 1579.66, "speaker": "Speaker 1" }, { "start": 1579.98, "end": 1581.81, "speaker": "Speaker 1" }, { "start": 1582.0900000000001, "end": 1584.91, "speaker": "Speaker 1" }, { "start": 1585.16, "end": 1586.33, "speaker": "Speaker 1" }, { "start": 1586.97, "end": 1591.79, "speaker": "Speaker 1" }, { "start": 1592.0900000000001, "end": 1595.29, "speaker": "Speaker 1" }, { "start": 1595.54, "end": 1600.0900000000001, "speaker": "Speaker 1" }, { "start": 1600.45, "end": 1601.14, "speaker": "Speaker 1" }, { "start": 1601.63, "end": 1604.3500000000001, "speaker": "Speaker 1" }, { "start": 1604.8400000000001, "end": 1605.3400000000001, "speaker": "Speaker 1" }, { "start": 1605.77, "end": 1606.49, "speaker": "Speaker 1" }, { "start": 1607.1100000000001, "end": 1612.74, "speaker": "Speaker 1" }, { "start": 1613.19, "end": 1615.4, "speaker": "Speaker 1" }, { "start": 1615.83, "end": 1618.91, "speaker": "Speaker 1" }, { "start": 1619.2, "end": 1619.46, "speaker": "Speaker 2" }, { "start": 1619.46, "end": 1622.65, "speaker": "Speaker 1" }, { "start": 1622.93, "end": 1624.3400000000001, "speaker": "Speaker 1" }, { "start": 1624.83, "end": 1627.16, "speaker": "Speaker 1" }, { "start": 1627.51, "end": 1630.8, "speaker": "Speaker 1" }, { "start": 1631.17, "end": 1635.4, "speaker": "Speaker 1" }, { "start": 1635.95, "end": 1637.46, "speaker": "Speaker 1" }, { "start": 1637.68, "end": 1639.4, "speaker": "Speaker 1" }, { "start": 1639.78, "end": 1640.31, "speaker": "Speaker 2" }, { "start": 1640.74, "end": 1643.08, "speaker": "Speaker 2" }, { "start": 1643.3, "end": 1643.75, "speaker": "Speaker 1" }, { "start": 1643.98, "end": 1656.88, "speaker": "Speaker 1" }, { "start": 1657.13, "end": 1658.64, "speaker": "Speaker 1" }, { "start": 1659.0, "end": 1663.17, "speaker": "Speaker 1" }, { "start": 1663.56, "end": 1664.15, "speaker": "Speaker 1" }, { "start": 1664.69, "end": 1668.05, "speaker": "Speaker 1" }, { "start": 1668.55, "end": 1668.88, "speaker": "Speaker 1" }, { "start": 1669.21, "end": 1670.64, "speaker": "Speaker 1" }, { "start": 1671.04, "end": 1673.66, "speaker": "Speaker 1" }, { "start": 1674.18, "end": 1679.8400000000001, "speaker": "Speaker 1" }, { "start": 1680.15, "end": 1682.38, "speaker": "Speaker 1" }, { "start": 1682.78, "end": 1686.14, "speaker": "Speaker 1" }, { "start": 1686.55, "end": 1692.42, "speaker": "Speaker 1" }, { "start": 1692.8400000000001, "end": 1694.21, "speaker": "Speaker 1" }, { "start": 1694.5900000000001, "end": 1696.0900000000001, "speaker": "Speaker 1" }, { "start": 1696.44, "end": 1698.54, "speaker": "Speaker 1" }, { "start": 1698.8, "end": 1700.18, "speaker": "Speaker 1" }, { "start": 1700.7, "end": 1702.18, "speaker": "Speaker 1" }, { "start": 1702.6000000000001, "end": 1704.06, "speaker": "Speaker 1" }, { "start": 1704.32, "end": 1709.98, "speaker": "Speaker 1" }, { "start": 1710.54, "end": 1712.51, "speaker": "Speaker 1" }, { "start": 1712.78, "end": 1715.67, "speaker": "Speaker 1" }, { "start": 1716.16, "end": 1716.67, "speaker": "Speaker 1" }, { "start": 1717.1000000000001, "end": 1718.81, "speaker": "Speaker 1" }, { "start": 1719.76, "end": 1723.3400000000001, "speaker": "Speaker 1" }, { "start": 1723.78, "end": 1727.54, "speaker": "Speaker 1" }, { "start": 1728.0, "end": 1728.56, "speaker": "Speaker 1" }, { "start": 1729.15, "end": 1732.2, "speaker": "Speaker 1" }, { "start": 1732.45, "end": 1732.71, "speaker": "Speaker 2" }, { "start": 1732.71, "end": 1733.3500000000001, "speaker": "Speaker 1" }, { "start": 1733.64, "end": 1738.6100000000001, "speaker": "Speaker 1" }, { "start": 1738.97, "end": 1740.52, "speaker": "Speaker 1" }, { "start": 1740.91, "end": 1741.49, "speaker": "Speaker 1" }, { "start": 1741.78, "end": 1742.0900000000001, "speaker": "Speaker 1" }, { "start": 1742.3, "end": 1746.6200000000001, "speaker": "Speaker 1" }, { "start": 1746.97, "end": 1748.67, "speaker": "Speaker 1" }, { "start": 1748.89, "end": 1750.63, "speaker": "Speaker 1" }, { "start": 1751.05, "end": 1752.98, "speaker": "Speaker 1" }, { "start": 1753.3700000000001, "end": 1758.29, "speaker": "Speaker 1" }, { "start": 1758.65, "end": 1761.19, "speaker": "Speaker 1" }, { "start": 1761.3500000000001, "end": 1761.52, "speaker": "Speaker 2" }, { "start": 1761.52, "end": 1764.97, "speaker": "Speaker 1" }, { "start": 1765.48, "end": 1765.8600000000001, "speaker": "Speaker 1" }, { "start": 1766.13, "end": 1768.23, "speaker": "Speaker 1" }, { "start": 1769.01, "end": 1773.49, "speaker": "Speaker 1" }, { "start": 1773.8600000000001, "end": 1778.3600000000001, "speaker": "Speaker 1" }, { "start": 1778.75, "end": 1779.4, "speaker": "Speaker 1" }, { "start": 1779.8700000000001, "end": 1780.89, "speaker": "Speaker 1" }, { "start": 1781.22, "end": 1782.8700000000001, "speaker": "Speaker 1" }, { "start": 1783.26, "end": 1785.22, "speaker": "Speaker 1" }, { "start": 1785.39, "end": 1785.95, "speaker": "Speaker 1" }, { "start": 1786.18, "end": 1788.53, "speaker": "Speaker 1" }, { "start": 1789.07, "end": 1791.64, "speaker": "Speaker 1" }, { "start": 1792.04, "end": 1793.42, "speaker": "Speaker 2" }, { "start": 1793.8700000000001, "end": 1797.1200000000001, "speaker": "Speaker 2" }, { "start": 1797.52, "end": 1802.3600000000001, "speaker": "Speaker 2" }, { "start": 1802.88, "end": 1804.04, "speaker": "Speaker 2" }, { "start": 1804.65, "end": 1805.03, "speaker": "Speaker 2" }, { "start": 1805.46, "end": 1814.68, "speaker": "Speaker 2" }, { "start": 1814.96, "end": 1818.5900000000001, "speaker": "Speaker 2" }, { "start": 1818.92, "end": 1822.06, "speaker": "Speaker 2" }, { "start": 1822.43, "end": 1827.78, "speaker": "Speaker 2" }, { "start": 1827.96, "end": 1828.96, "speaker": "Speaker 2" }, { "start": 1829.2, "end": 1830.77, "speaker": "Speaker 2" }, { "start": 1831.08, "end": 1833.49, "speaker": "Speaker 2" }, { "start": 1833.73, "end": 1840.17, "speaker": "Speaker 2" }, { "start": 1840.47, "end": 1843.3600000000001, "speaker": "Speaker 2" }, { "start": 1843.71, "end": 1844.95, "speaker": "Speaker 2" }, { "start": 1845.22, "end": 1849.07, "speaker": "Speaker 2" }, { "start": 1849.83, "end": 1854.33, "speaker": "Speaker 2" }, { "start": 1854.63, "end": 1855.06, "speaker": "Speaker 2" }, { "start": 1855.28, "end": 1857.74, "speaker": "Speaker 2" }, { "start": 1857.89, "end": 1860.46, "speaker": "Speaker 2" }, { "start": 1860.75, "end": 1866.58, "speaker": "Speaker 2" }, { "start": 1866.98, "end": 1868.54, "speaker": "Speaker 2" }, { "start": 1868.9, "end": 1869.9, "speaker": "Speaker 2" }, { "start": 1870.4, "end": 1872.74, "speaker": "Speaker 2" }, { "start": 1873.3600000000001, "end": 1876.2, "speaker": "Speaker 2" }, { "start": 1876.3700000000001, "end": 1877.52, "speaker": "Speaker 2" }, { "start": 1877.77, "end": 1880.23, "speaker": "Speaker 2" }, { "start": 1880.47, "end": 1881.76, "speaker": "Speaker 2" }, { "start": 1882.1000000000001, "end": 1883.47, "speaker": "Speaker 2" }, { "start": 1883.9, "end": 1888.49, "speaker": "Speaker 2" }, { "start": 1889.57, "end": 1890.16, "speaker": "Speaker 2" }, { "start": 1890.41, "end": 1894.89, "speaker": "Speaker 2" }, { "start": 1895.15, "end": 1905.66, "speaker": "Speaker 1" }, { "start": 1906.21, "end": 1911.17, "speaker": "Speaker 1" }, { "start": 1911.5900000000001, "end": 1912.05, "speaker": "Speaker 1" }, { "start": 1912.43, "end": 1917.4, "speaker": "Speaker 1" }, { "start": 1917.72, "end": 1923.48, "speaker": "Speaker 1" }, { "start": 1923.89, "end": 1924.33, "speaker": "Speaker 1" }, { "start": 1924.69, "end": 1925.06, "speaker": "Speaker 1" }, { "start": 1925.75, "end": 1935.81, "speaker": "Speaker 1" }, { "start": 1936.0900000000001, "end": 1939.91, "speaker": "Speaker 1" }, { "start": 1940.28, "end": 1948.95, "speaker": "Speaker 1" }, { "start": 1949.3400000000001, "end": 1951.78, "speaker": "Speaker 1" }, { "start": 1952.19, "end": 1953.25, "speaker": "Speaker 1" }, { "start": 1953.6000000000001, "end": 1955.3400000000001, "speaker": "Speaker 1" }, { "start": 1955.8500000000001, "end": 1957.46, "speaker": "Speaker 1" }, { "start": 1957.8500000000001, "end": 1962.65, "speaker": "Speaker 1" }, { "start": 1962.74, "end": 1962.82, "speaker": "Speaker 2" }, { "start": 1963.19, "end": 1964.82, "speaker": "Speaker 1" }, { "start": 1965.47, "end": 1968.38, "speaker": "Speaker 1" }, { "start": 1969.04, "end": 1976.43, "speaker": "Speaker 1" }, { "start": 1977.03, "end": 1978.97, "speaker": "Speaker 1" }, { "start": 1979.42, "end": 1980.3500000000001, "speaker": "Speaker 1" }, { "start": 1980.77, "end": 1982.47, "speaker": "Speaker 1" }, { "start": 1982.65, "end": 1986.13, "speaker": "Speaker 1" }, { "start": 1986.5800000000002, "end": 1989.15, "speaker": "Speaker 1" }, { "start": 1989.5, "end": 1996.0, "speaker": "Speaker 1" }, { "start": 1996.47, "end": 1997.8, "speaker": "Speaker 1" }, { "start": 1998.03, "end": 1998.19, "speaker": "Speaker 2" }, { "start": 1998.19, "end": 2001.76, "speaker": "Speaker 1" }, { "start": 2002.2, "end": 2002.7, "speaker": "Speaker 1" }, { "start": 2003.0800000000002, "end": 2006.18, "speaker": "Speaker 1" }, { "start": 2006.45, "end": 2006.88, "speaker": "Speaker 1" }, { "start": 2007.14, "end": 2010.0800000000002, "speaker": "Speaker 1" }, { "start": 2010.52, "end": 2013.76, "speaker": "Speaker 1" }, { "start": 2014.22, "end": 2015.0900000000001, "speaker": "Speaker 1" }, { "start": 2015.3300000000002, "end": 2017.3400000000001, "speaker": "Speaker 1" }, { "start": 2017.76, "end": 2018.2, "speaker": "Speaker 1" }, { "start": 2018.43, "end": 2021.79, "speaker": "Speaker 1" }, { "start": 2022.24, "end": 2023.22, "speaker": "Speaker 1" }, { "start": 2023.49, "end": 2026.3500000000001, "speaker": "Speaker 1" }, { "start": 2026.4, "end": 2026.67, "speaker": "Speaker 2" }, { "start": 2026.74, "end": 2031.79, "speaker": "Speaker 1" }, { "start": 2032.55, "end": 2034.01, "speaker": "Speaker 1" }, { "start": 2034.3400000000001, "end": 2036.6200000000001, "speaker": "Speaker 1" }, { "start": 2037.1000000000001, "end": 2039.63, "speaker": "Speaker 1" }, { "start": 2039.91, "end": 2040.75, "speaker": "Speaker 1" }, { "start": 2041.04, "end": 2043.0900000000001, "speaker": "Speaker 1" }, { "start": 2043.49, "end": 2049.88, "speaker": "Speaker 1" }, { "start": 2050.15, "end": 2051.09, "speaker": "Speaker 1" }, { "start": 2051.44, "end": 2055.1, "speaker": "Speaker 1" }, { "start": 2055.56, "end": 2056.18, "speaker": "Speaker 1" }, { "start": 2056.55, "end": 2056.62, "speaker": "Speaker 1" }, { "start": 2056.7, "end": 2063.66, "speaker": "Speaker 1" }, { "start": 2064.06, "end": 2066.07, "speaker": "Speaker 1" }, { "start": 2066.39, "end": 2071.96, "speaker": "Speaker 1" }, { "start": 2072.27, "end": 2073.04, "speaker": "Speaker 1" }, { "start": 2073.43, "end": 2077.96, "speaker": "Speaker 1" }, { "start": 2078.37, "end": 2078.9700000000003, "speaker": "Speaker 1" }, { "start": 2079.23, "end": 2079.48, "speaker": "Speaker 1" }, { "start": 2079.7400000000002, "end": 2080.59, "speaker": "Speaker 1" }, { "start": 2081.19, "end": 2084.12, "speaker": "Speaker 1" }, { "start": 2084.56, "end": 2085.26, "speaker": "Speaker 1" }, { "start": 2085.52, "end": 2087.64, "speaker": "Speaker 1" }, { "start": 2088.05, "end": 2094.46, "speaker": "Speaker 1" }, { "start": 2094.7200000000003, "end": 2098.28, "speaker": "Speaker 1" }, { "start": 2098.51, "end": 2105.17, "speaker": "Speaker 2" }, { "start": 2105.81, "end": 2106.5, "speaker": "Speaker 2" }, { "start": 2106.84, "end": 2107.55, "speaker": "Speaker 2" }, { "start": 2108.34, "end": 2115.23, "speaker": "Speaker 2" }, { "start": 2115.7, "end": 2116.06, "speaker": "Speaker 2" }, { "start": 2116.14, "end": 2116.19, "speaker": "Speaker 2" }, { "start": 2116.23, "end": 2120.31, "speaker": "Speaker 2" }, { "start": 2120.68, "end": 2120.92, "speaker": "Speaker 2" }, { "start": 2121.13, "end": 2127.7, "speaker": "Speaker 2" }, { "start": 2127.92, "end": 2130.23, "speaker": "Speaker 2" }, { "start": 2130.6, "end": 2132.38, "speaker": "Speaker 2" }, { "start": 2133.14, "end": 2137.53, "speaker": "Speaker 2" }, { "start": 2137.78, "end": 2139.66, "speaker": "Speaker 2" }, { "start": 2140.31, "end": 2146.29, "speaker": "Speaker 2" }, { "start": 2146.78, "end": 2148.93, "speaker": "Speaker 2" }, { "start": 2149.06, "end": 2157.86, "speaker": "Speaker 1" }, { "start": 2158.3, "end": 2158.7, "speaker": "Speaker 1" }, { "start": 2159.18, "end": 2164.16, "speaker": "Speaker 1" }, { "start": 2164.61, "end": 2166.61, "speaker": "Speaker 1" }, { "start": 2166.86, "end": 2168.83, "speaker": "Speaker 1" }, { "start": 2169.16, "end": 2176.87, "speaker": "Speaker 1" }, { "start": 2177.38, "end": 2181.14, "speaker": "Speaker 1" }, { "start": 2181.6, "end": 2185.69, "speaker": "Speaker 1" }, { "start": 2185.96, "end": 2192.48, "speaker": "Speaker 1" }, { "start": 2193.11, "end": 2194.41, "speaker": "Speaker 1" }, { "start": 2195.03, "end": 2198.83, "speaker": "Speaker 1" }, { "start": 2199.14, "end": 2201.62, "speaker": "Speaker 1" }, { "start": 2202.37, "end": 2207.29, "speaker": "Speaker 1" }, { "start": 2207.64, "end": 2207.81, "speaker": "Speaker 2" }, { "start": 2207.81, "end": 2209.14, "speaker": "Speaker 1" }, { "start": 2209.84, "end": 2211.9, "speaker": "Speaker 1" }, { "start": 2212.18, "end": 2213.02, "speaker": "Speaker 1" }, { "start": 2213.48, "end": 2217.07, "speaker": "Speaker 1" }, { "start": 2217.32, "end": 2218.8, "speaker": "Speaker 1" }, { "start": 2219.05, "end": 2221.73, "speaker": "Speaker 1" }, { "start": 2222.17, "end": 2226.9, "speaker": "Speaker 1" }, { "start": 2227.37, "end": 2227.84, "speaker": "Speaker 1" }, { "start": 2228.23, "end": 2233.68, "speaker": "Speaker 1" }, { "start": 2234.65, "end": 2235.12, "speaker": "Speaker 1" }, { "start": 2235.65, "end": 2238.6, "speaker": "Speaker 1" }, { "start": 2238.96, "end": 2239.11, "speaker": "Speaker 2" }, { "start": 2239.11, "end": 2239.55, "speaker": "Speaker 1" }, { "start": 2239.78, "end": 2240.16, "speaker": "Speaker 1" }, { "start": 2240.51, "end": 2245.79, "speaker": "Speaker 1" }, { "start": 2246.18, "end": 2251.23, "speaker": "Speaker 1" }, { "start": 2251.4700000000003, "end": 2251.9500000000003, "speaker": "Speaker 1" }, { "start": 2252.19, "end": 2254.32, "speaker": "Speaker 1" }, { "start": 2254.55, "end": 2257.6, "speaker": "Speaker 1" }, { "start": 2258.1, "end": 2261.16, "speaker": "Speaker 1" }, { "start": 2261.5, "end": 2263.4, "speaker": "Speaker 1" }, { "start": 2263.75, "end": 2268.4500000000003, "speaker": "Speaker 1" }, { "start": 2269.11, "end": 2270.16, "speaker": "Speaker 1" }, { "start": 2270.48, "end": 2272.4700000000003, "speaker": "Speaker 1" }, { "start": 2273.1, "end": 2277.38, "speaker": "Speaker 1" }, { "start": 2277.63, "end": 2284.2200000000003, "speaker": "Speaker 1" }, { "start": 2284.63, "end": 2285.12, "speaker": "Speaker 1" }, { "start": 2285.59, "end": 2287.59, "speaker": "Speaker 1" }, { "start": 2288.04, "end": 2288.59, "speaker": "Speaker 1" }, { "start": 2288.87, "end": 2291.59, "speaker": "Speaker 1" }, { "start": 2291.93, "end": 2296.28, "speaker": "Speaker 1" }, { "start": 2296.54, "end": 2296.87, "speaker": "Speaker 2" }, { "start": 2297.15, "end": 2304.91, "speaker": "Speaker 2" }, { "start": 2304.94, "end": 2305.01, "speaker": "Speaker 2" }, { "start": 2305.05, "end": 2309.8, "speaker": "Speaker 2" }, { "start": 2310.17, "end": 2313.91, "speaker": "Speaker 2" }, { "start": 2314.17, "end": 2318.32, "speaker": "Speaker 2" }, { "start": 2318.82, "end": 2319.37, "speaker": "Speaker 2" }, { "start": 2320.16, "end": 2326.7000000000003, "speaker": "Speaker 2" }, { "start": 2326.92, "end": 2332.6, "speaker": "Speaker 1" }, { "start": 2332.84, "end": 2333.41, "speaker": "Speaker 1" }, { "start": 2333.73, "end": 2334.25, "speaker": "Speaker 1" }, { "start": 2334.58, "end": 2340.7000000000003, "speaker": "Speaker 1" }, { "start": 2340.7000000000003, "end": 2340.7200000000003, "speaker": "Speaker 2" }, { "start": 2340.7200000000003, "end": 2341.02, "speaker": "Speaker 1" }, { "start": 2341.46, "end": 2343.57, "speaker": "Speaker 1" }, { "start": 2343.9900000000002, "end": 2344.54, "speaker": "Speaker 1" }, { "start": 2345.06, "end": 2345.78, "speaker": "Speaker 1" }, { "start": 2346.5, "end": 2349.77, "speaker": "Speaker 1" }, { "start": 2350.03, "end": 2352.51, "speaker": "Speaker 1" }, { "start": 2352.88, "end": 2355.68, "speaker": "Speaker 1" }, { "start": 2355.9700000000003, "end": 2358.33, "speaker": "Speaker 1" }, { "start": 2358.63, "end": 2359.51, "speaker": "Speaker 1" }, { "start": 2359.79, "end": 2363.59, "speaker": "Speaker 1" }, { "start": 2363.96, "end": 2367.9, "speaker": "Speaker 1" }, { "start": 2368.78, "end": 2372.91, "speaker": "Speaker 1" }, { "start": 2373.37, "end": 2375.31, "speaker": "Speaker 1" }, { "start": 2375.83, "end": 2378.03, "speaker": "Speaker 1" }, { "start": 2378.35, "end": 2379.11, "speaker": "Speaker 1" }, { "start": 2379.39, "end": 2383.73, "speaker": "Speaker 1" }, { "start": 2384.14, "end": 2385.64, "speaker": "Speaker 1" }, { "start": 2385.98, "end": 2388.27, "speaker": "Speaker 1" }, { "start": 2388.63, "end": 2392.77, "speaker": "Speaker 1" }, { "start": 2393.19, "end": 2395.31, "speaker": "Speaker 1" }, { "start": 2395.62, "end": 2399.96, "speaker": "Speaker 1" }, { "start": 2400.25, "end": 2401.34, "speaker": "Speaker 1" }, { "start": 2401.82, "end": 2408.04, "speaker": "Speaker 1" }, { "start": 2408.32, "end": 2415.4, "speaker": "Speaker 1" }, { "start": 2415.82, "end": 2422.63, "speaker": "Speaker 1" }, { "start": 2423.19, "end": 2425.78, "speaker": "Speaker 1" }, { "start": 2426.17, "end": 2427.44, "speaker": "Speaker 1" }, { "start": 2427.7000000000003, "end": 2429.1, "speaker": "Speaker 1" }, { "start": 2429.46, "end": 2434.2000000000003, "speaker": "Speaker 1" }, { "start": 2434.62, "end": 2437.43, "speaker": "Speaker 1" }, { "start": 2438.26, "end": 2443.18, "speaker": "Speaker 1" }, { "start": 2443.63, "end": 2444.41, "speaker": "Speaker 1" }, { "start": 2444.64, "end": 2450.15, "speaker": "Speaker 1" }, { "start": 2450.39, "end": 2450.53, "speaker": "Speaker 2" }, { "start": 2450.53, "end": 2453.4900000000002, "speaker": "Speaker 1" }, { "start": 2453.84, "end": 2456.86, "speaker": "Speaker 1" }, { "start": 2457.2200000000003, "end": 2458.19, "speaker": "Speaker 1" }, { "start": 2458.56, "end": 2460.64, "speaker": "Speaker 1" }, { "start": 2461.19, "end": 2463.08, "speaker": "Speaker 1" }, { "start": 2463.12, "end": 2466.23, "speaker": "Speaker 1" }, { "start": 2466.4700000000003, "end": 2466.64, "speaker": "Speaker 2" }, { "start": 2466.64, "end": 2466.82, "speaker": "Speaker 1" }, { "start": 2466.82, "end": 2468.05, "speaker": "Speaker 2" }, { "start": 2468.31, "end": 2468.44, "speaker": "Speaker 2" }, { "start": 2468.44, "end": 2468.63, "speaker": "Speaker 1" }, { "start": 2468.63, "end": 2468.91, "speaker": "Speaker 2" }, { "start": 2468.91, "end": 2469.06, "speaker": "Speaker 1" }, { "start": 2469.06, "end": 2469.76, "speaker": "Speaker 2" }, { "start": 2470.06, "end": 2475.92, "speaker": "Speaker 2" }, { "start": 2476.29, "end": 2479.61, "speaker": "Speaker 2" }, { "start": 2479.96, "end": 2482.9, "speaker": "Speaker 2" }, { "start": 2483.13, "end": 2484.18, "speaker": "Speaker 2" }, { "start": 2484.31, "end": 2486.92, "speaker": "Speaker 1" }, { "start": 2487.16, "end": 2490.08, "speaker": "Speaker 1" }, { "start": 2490.55, "end": 2490.94, "speaker": "Speaker 1" }, { "start": 2491.2400000000002, "end": 2496.63, "speaker": "Speaker 1" }, { "start": 2496.98, "end": 2500.75, "speaker": "Speaker 1" }, { "start": 2501.03, "end": 2505.61, "speaker": "Speaker 1" }, { "start": 2505.9900000000002, "end": 2509.4, "speaker": "Speaker 1" }, { "start": 2509.67, "end": 2511.76, "speaker": "Speaker 1" }, { "start": 2512.28, "end": 2514.2200000000003, "speaker": "Speaker 1" }, { "start": 2514.54, "end": 2519.02, "speaker": "Speaker 1" }, { "start": 2519.27, "end": 2523.14, "speaker": "Speaker 1" }, { "start": 2523.5, "end": 2528.46, "speaker": "Speaker 1" }, { "start": 2528.7400000000002, "end": 2530.8, "speaker": "Speaker 1" }, { "start": 2531.35, "end": 2535.82, "speaker": "Speaker 1" }, { "start": 2536.08, "end": 2536.88, "speaker": "Speaker 1" }, { "start": 2537.18, "end": 2541.8, "speaker": "Speaker 1" }, { "start": 2541.8, "end": 2542.06, "speaker": "Speaker 2" }, { "start": 2542.06, "end": 2543.51, "speaker": "Speaker 1" }, { "start": 2543.88, "end": 2546.07, "speaker": "Speaker 1" }, { "start": 2546.39, "end": 2548.2400000000002, "speaker": "Speaker 1" }, { "start": 2548.58, "end": 2551.4, "speaker": "Speaker 1" }, { "start": 2551.71, "end": 2554.21, "speaker": "Speaker 1" }, { "start": 2554.6, "end": 2555.36, "speaker": "Speaker 1" }, { "start": 2555.7000000000003, "end": 2560.2000000000003, "speaker": "Speaker 1" }, { "start": 2560.68, "end": 2564.54, "speaker": "Speaker 1" }, { "start": 2564.88, "end": 2567.65, "speaker": "Speaker 1" }, { "start": 2568.13, "end": 2568.64, "speaker": "Speaker 1" }, { "start": 2568.98, "end": 2571.94, "speaker": "Speaker 1" }, { "start": 2572.4500000000003, "end": 2573.75, "speaker": "Speaker 1" }, { "start": 2574.2200000000003, "end": 2574.39, "speaker": "Speaker 1" }, { "start": 2575.4500000000003, "end": 2577.61, "speaker": "Speaker 1" }, { "start": 2578.23, "end": 2578.48, "speaker": "Speaker 2" }, { "start": 2578.48, "end": 2582.69, "speaker": "Speaker 1" }, { "start": 2583.4700000000003, "end": 2585.62, "speaker": "Speaker 1" }, { "start": 2586.09, "end": 2589.91, "speaker": "Speaker 1" }, { "start": 2590.32, "end": 2591.78, "speaker": "Speaker 1" }, { "start": 2592.1, "end": 2597.43, "speaker": "Speaker 1" }, { "start": 2597.76, "end": 2599.85, "speaker": "Speaker 1" }, { "start": 2600.23, "end": 2601.13, "speaker": "Speaker 1" }, { "start": 2601.6, "end": 2602.92, "speaker": "Speaker 1" }, { "start": 2603.32, "end": 2608.21, "speaker": "Speaker 1" }, { "start": 2608.75, "end": 2613.09, "speaker": "Speaker 1" }, { "start": 2613.35, "end": 2618.12, "speaker": "Speaker 1" }, { "start": 2618.35, "end": 2618.57, "speaker": "Speaker 2" }, { "start": 2618.57, "end": 2620.9500000000003, "speaker": "Speaker 1" }, { "start": 2621.2400000000002, "end": 2625.4, "speaker": "Speaker 1" }, { "start": 2625.69, "end": 2629.13, "speaker": "Speaker 1" }, { "start": 2629.63, "end": 2632.68, "speaker": "Speaker 1" }, { "start": 2632.9700000000003, "end": 2635.54, "speaker": "Speaker 1" }, { "start": 2635.77, "end": 2637.27, "speaker": "Speaker 1" }, { "start": 2637.69, "end": 2640.2000000000003, "speaker": "Speaker 1" }, { "start": 2640.7000000000003, "end": 2644.15, "speaker": "Speaker 1" }, { "start": 2644.4, "end": 2648.83, "speaker": "Speaker 2" }, { "start": 2649.54, "end": 2652.67, "speaker": "Speaker 2" }, { "start": 2653.07, "end": 2654.98, "speaker": "Speaker 2" }, { "start": 2655.68, "end": 2662.89, "speaker": "Speaker 2" }, { "start": 2663.19, "end": 2663.58, "speaker": "Speaker 2" }, { "start": 2664.05, "end": 2666.07, "speaker": "Speaker 2" }, { "start": 2666.38, "end": 2670.4500000000003, "speaker": "Speaker 2" }, { "start": 2670.79, "end": 2673.28, "speaker": "Speaker 2" }, { "start": 2673.83, "end": 2676.83, "speaker": "Speaker 2" }, { "start": 2677.2200000000003, "end": 2678.18, "speaker": "Speaker 2" }, { "start": 2678.7200000000003, "end": 2681.57, "speaker": "Speaker 2" }, { "start": 2682.01, "end": 2688.3, "speaker": "Speaker 2" }, { "start": 2688.54, "end": 2690.26, "speaker": "Speaker 2" }, { "start": 2691.02, "end": 2695.75, "speaker": "Speaker 2" }, { "start": 2696.0, "end": 2700.17, "speaker": "Speaker 1" }, { "start": 2700.55, "end": 2705.06, "speaker": "Speaker 1" }, { "start": 2705.48, "end": 2706.92, "speaker": "Speaker 1" }, { "start": 2707.19, "end": 2707.38, "speaker": "Speaker 2" }, { "start": 2707.43, "end": 2708.44, "speaker": "Speaker 1" }, { "start": 2708.7400000000002, "end": 2710.62, "speaker": "Speaker 1" }, { "start": 2710.9900000000002, "end": 2713.89, "speaker": "Speaker 1" }, { "start": 2714.36, "end": 2718.7000000000003, "speaker": "Speaker 1" }, { "start": 2719.06, "end": 2720.32, "speaker": "Speaker 1" }, { "start": 2720.62, "end": 2723.38, "speaker": "Speaker 1" }, { "start": 2723.98, "end": 2725.64, "speaker": "Speaker 1" }, { "start": 2726.0, "end": 2729.32, "speaker": "Speaker 1" }, { "start": 2729.81, "end": 2730.94, "speaker": "Speaker 1" }, { "start": 2731.4500000000003, "end": 2734.9900000000002, "speaker": "Speaker 1" }, { "start": 2735.19, "end": 2740.66, "speaker": "Speaker 1" }, { "start": 2740.68, "end": 2740.8, "speaker": "Speaker 2" }, { "start": 2741.26, "end": 2741.76, "speaker": "Speaker 1" }, { "start": 2742.12, "end": 2744.55, "speaker": "Speaker 1" }, { "start": 2744.9700000000003, "end": 2746.12, "speaker": "Speaker 1" }, { "start": 2746.48, "end": 2750.38, "speaker": "Speaker 1" }, { "start": 2750.61, "end": 2755.82, "speaker": "Speaker 1" }, { "start": 2756.28, "end": 2756.48, "speaker": "Speaker 1" }, { "start": 2756.78, "end": 2762.57, "speaker": "Speaker 1" }, { "start": 2762.96, "end": 2768.42, "speaker": "Speaker 1" }, { "start": 2768.67, "end": 2769.18, "speaker": "Speaker 1" }, { "start": 2769.4900000000002, "end": 2771.91, "speaker": "Speaker 1" }, { "start": 2772.36, "end": 2775.05, "speaker": "Speaker 1" }, { "start": 2775.61, "end": 2778.01, "speaker": "Speaker 1" }, { "start": 2778.82, "end": 2779.83, "speaker": "Speaker 1" }, { "start": 2780.31, "end": 2781.82, "speaker": "Speaker 1" }, { "start": 2782.13, "end": 2783.77, "speaker": "Speaker 1" }, { "start": 2784.15, "end": 2786.38, "speaker": "Speaker 1" }, { "start": 2786.85, "end": 2791.6, "speaker": "Speaker 1" }, { "start": 2791.9700000000003, "end": 2793.04, "speaker": "Speaker 1" }, { "start": 2793.3, "end": 2797.25, "speaker": "Speaker 1" }, { "start": 2797.4700000000003, "end": 2798.59, "speaker": "Speaker 1" }, { "start": 2799.01, "end": 2803.61, "speaker": "Speaker 1" }, { "start": 2803.9500000000003, "end": 2807.9900000000002, "speaker": "Speaker 2" }, { "start": 2808.43, "end": 2812.98, "speaker": "Speaker 2" }, { "start": 2813.4700000000003, "end": 2818.78, "speaker": "Speaker 2" }, { "start": 2819.15, "end": 2820.48, "speaker": "Speaker 2" }, { "start": 2820.69, "end": 2827.65, "speaker": "Speaker 2" }, { "start": 2827.9500000000003, "end": 2830.06, "speaker": "Speaker 2" }, { "start": 2830.54, "end": 2835.2200000000003, "speaker": "Speaker 2" }, { "start": 2835.46, "end": 2836.04, "speaker": "Speaker 2" }, { "start": 2836.28, "end": 2838.53, "speaker": "Speaker 2" }, { "start": 2839.01, "end": 2847.36, "speaker": "Speaker 2" }, { "start": 2847.77, "end": 2849.48, "speaker": "Speaker 2" }, { "start": 2849.81, "end": 2856.93, "speaker": "Speaker 1" }, { "start": 2857.34, "end": 2861.8, "speaker": "Speaker 1" }, { "start": 2862.18, "end": 2864.68, "speaker": "Speaker 1" }, { "start": 2865.12, "end": 2866.01, "speaker": "Speaker 1" }, { "start": 2866.51, "end": 2870.51, "speaker": "Speaker 1" }, { "start": 2870.81, "end": 2875.0, "speaker": "Speaker 1" }, { "start": 2875.34, "end": 2881.7400000000002, "speaker": "Speaker 1" }, { "start": 2882.06, "end": 2882.2400000000002, "speaker": "Speaker 2" }, { "start": 2882.2400000000002, "end": 2882.66, "speaker": "Speaker 1" }, { "start": 2883.0, "end": 2883.91, "speaker": "Speaker 1" }, { "start": 2884.31, "end": 2886.08, "speaker": "Speaker 1" }, { "start": 2886.3, "end": 2890.17, "speaker": "Speaker 1" }, { "start": 2890.53, "end": 2892.52, "speaker": "Speaker 1" }, { "start": 2892.87, "end": 2894.23, "speaker": "Speaker 1" }, { "start": 2894.57, "end": 2900.32, "speaker": "Speaker 1" }, { "start": 2900.69, "end": 2905.26, "speaker": "Speaker 1" }, { "start": 2905.73, "end": 2908.07, "speaker": "Speaker 1" }, { "start": 2908.4700000000003, "end": 2908.91, "speaker": "Speaker 1" }, { "start": 2909.26, "end": 2915.35, "speaker": "Speaker 1" }, { "start": 2915.82, "end": 2915.9700000000003, "speaker": "Speaker 2" }, { "start": 2915.9700000000003, "end": 2918.15, "speaker": "Speaker 1" }, { "start": 2918.44, "end": 2923.17, "speaker": "Speaker 1" }, { "start": 2923.61, "end": 2926.36, "speaker": "Speaker 1" }, { "start": 2926.75, "end": 2929.18, "speaker": "Speaker 1" }, { "start": 2929.35, "end": 2929.6, "speaker": "Speaker 2" }, { "start": 2929.64, "end": 2938.02, "speaker": "Speaker 1" }, { "start": 2938.34, "end": 2938.48, "speaker": "Speaker 2" }, { "start": 2938.48, "end": 2945.13, "speaker": "Speaker 1" }, { "start": 2945.7200000000003, "end": 2946.27, "speaker": "Speaker 1" }, { "start": 2946.83, "end": 2949.64, "speaker": "Speaker 1" }, { "start": 2950.06, "end": 2955.39, "speaker": "Speaker 1" }, { "start": 2955.75, "end": 2957.19, "speaker": "Speaker 1" }, { "start": 2957.53, "end": 2961.9500000000003, "speaker": "Speaker 1" }, { "start": 2962.29, "end": 2962.7200000000003, "speaker": "Speaker 1" }, { "start": 2963.0, "end": 2967.08, "speaker": "Speaker 1" }, { "start": 2967.37, "end": 2971.4700000000003, "speaker": "Speaker 1" }, { "start": 2971.89, "end": 2974.26, "speaker": "Speaker 1" }, { "start": 2974.62, "end": 2975.11, "speaker": "Speaker 1" }, { "start": 2975.91, "end": 2977.76, "speaker": "Speaker 1" }, { "start": 2978.11, "end": 2979.44, "speaker": "Speaker 1" }, { "start": 2979.69, "end": 2980.11, "speaker": "Speaker 2" }, { "start": 2980.38, "end": 2984.34, "speaker": "Speaker 2" }, { "start": 2984.64, "end": 2992.55, "speaker": "Speaker 2" }, { "start": 2993.0, "end": 2997.7400000000002, "speaker": "Speaker 2" }, { "start": 2997.89, "end": 3002.96, "speaker": "Speaker 2" }, { "start": 3003.2200000000003, "end": 3006.0, "speaker": "Speaker 2" }, { "start": 3006.42, "end": 3010.9900000000002, "speaker": "Speaker 2" }, { "start": 3011.32, "end": 3018.83, "speaker": "Speaker 2" }, { "start": 3019.21, "end": 3024.86, "speaker": "Speaker 2" }, { "start": 3025.11, "end": 3032.15, "speaker": "Speaker 1" }, { "start": 3032.4900000000002, "end": 3034.38, "speaker": "Speaker 1" }, { "start": 3034.88, "end": 3037.9700000000003, "speaker": "Speaker 1" }, { "start": 3038.34, "end": 3042.5, "speaker": "Speaker 1" }, { "start": 3042.94, "end": 3048.2000000000003, "speaker": "Speaker 1" }, { "start": 3048.52, "end": 3052.98, "speaker": "Speaker 1" }, { "start": 3053.36, "end": 3054.38, "speaker": "Speaker 1" }, { "start": 3054.7000000000003, "end": 3054.83, "speaker": "Speaker 2" }, { "start": 3054.83, "end": 3055.21, "speaker": "Speaker 1" }, { "start": 3055.53, "end": 3058.38, "speaker": "Speaker 1" }, { "start": 3058.6800000000003, "end": 3064.29, "speaker": "Speaker 1" }, { "start": 3064.35, "end": 3064.6, "speaker": "Speaker 2" }, { "start": 3064.7400000000002, "end": 3070.33, "speaker": "Speaker 1" }, { "start": 3070.78, "end": 3072.29, "speaker": "Speaker 1" }, { "start": 3072.54, "end": 3072.9500000000003, "speaker": "Speaker 1" }, { "start": 3073.1800000000003, "end": 3074.66, "speaker": "Speaker 1" }, { "start": 3075.12, "end": 3081.23, "speaker": "Speaker 1" }, { "start": 3081.64, "end": 3084.88, "speaker": "Speaker 1" }, { "start": 3085.15, "end": 3089.12, "speaker": "Speaker 1" }, { "start": 3090.2200000000003, "end": 3093.92, "speaker": "Speaker 1" }, { "start": 3094.33, "end": 3098.19, "speaker": "Speaker 1" }, { "start": 3098.4700000000003, "end": 3099.52, "speaker": "Speaker 1" }, { "start": 3099.77, "end": 3102.9500000000003, "speaker": "Speaker 1" }, { "start": 3103.26, "end": 3110.86, "speaker": "Speaker 1" }, { "start": 3111.54, "end": 3115.83, "speaker": "Speaker 1" }, { "start": 3116.6800000000003, "end": 3121.15, "speaker": "Speaker 1" }, { "start": 3121.39, "end": 3121.56, "speaker": "Speaker 2" }, { "start": 3121.56, "end": 3125.76, "speaker": "Speaker 1" }, { "start": 3126.01, "end": 3130.06, "speaker": "Speaker 1" }, { "start": 3130.79, "end": 3131.54, "speaker": "Speaker 1" }, { "start": 3131.89, "end": 3136.08, "speaker": "Speaker 1" }, { "start": 3136.39, "end": 3136.91, "speaker": "Speaker 1" }, { "start": 3137.15, "end": 3144.91, "speaker": "Speaker 1" }, { "start": 3145.2000000000003, "end": 3150.87, "speaker": "Speaker 1" }, { "start": 3151.31, "end": 3151.7000000000003, "speaker": "Speaker 1" }, { "start": 3152.2000000000003, "end": 3154.37, "speaker": "Speaker 1" }, { "start": 3154.84, "end": 3156.25, "speaker": "Speaker 1" }, { "start": 3156.62, "end": 3159.65, "speaker": "Speaker 1" }, { "start": 3160.08, "end": 3165.71, "speaker": "Speaker 1" }, { "start": 3166.07, "end": 3167.12, "speaker": "Speaker 1" }, { "start": 3167.6, "end": 3171.19, "speaker": "Speaker 1" }, { "start": 3171.62, "end": 3173.63, "speaker": "Speaker 1" }, { "start": 3173.87, "end": 3180.3, "speaker": "Speaker 1" }, { "start": 3180.64, "end": 3185.9500000000003, "speaker": "Speaker 1" }, { "start": 3186.44, "end": 3190.08, "speaker": "Speaker 1" }, { "start": 3190.85, "end": 3193.54, "speaker": "Speaker 1" }, { "start": 3194.05, "end": 3199.2400000000002, "speaker": "Speaker 1" }, { "start": 3199.61, "end": 3200.42, "speaker": "Speaker 1" }, { "start": 3200.84, "end": 3203.2200000000003, "speaker": "Speaker 1" }, { "start": 3203.46, "end": 3206.81, "speaker": "Speaker 1" }, { "start": 3207.1, "end": 3210.92, "speaker": "Speaker 1" }, { "start": 3211.19, "end": 3211.92, "speaker": "Speaker 1" }, { "start": 3212.31, "end": 3214.57, "speaker": "Speaker 1" }, { "start": 3214.78, "end": 3218.14, "speaker": "Speaker 1" }, { "start": 3218.62, "end": 3222.7000000000003, "speaker": "Speaker 1" }, { "start": 3223.01, "end": 3224.39, "speaker": "Speaker 1" }, { "start": 3224.77, "end": 3225.66, "speaker": "Speaker 1" }, { "start": 3226.17, "end": 3228.85, "speaker": "Speaker 1" }, { "start": 3229.6, "end": 3231.84, "speaker": "Speaker 1" }, { "start": 3232.69, "end": 3233.63, "speaker": "Speaker 1" }, { "start": 3234.01, "end": 3238.6, "speaker": "Speaker 1" }, { "start": 3238.9700000000003, "end": 3241.21, "speaker": "Speaker 1" }, { "start": 3241.58, "end": 3242.4900000000002, "speaker": "Speaker 2" }, { "start": 3242.82, "end": 3250.7000000000003, "speaker": "Speaker 2" }, { "start": 3250.98, "end": 3252.06, "speaker": "Speaker 1" } ], "speaker_count": 2, "peak_allocated_mib": 786.95703125, "overlapping_speech_seconds": 13.040000000000001 }, "diarization_coverage": { "speakers_with_asr_words": [ "Speaker 1", "Speaker 2" ], "speakers_without_asr_words": [], "untranscribed_speaker_turns": [] }, "speaker_name_provenance": "Anonymous IDs within this video; names not inferred" }