TIP575: The Future of AI w/ Bob Muglia

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

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

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

BOOKS AND RESOURCES

• Check out our newly released TIP Mastermind Community.
• Check out our recent episode : TIP571: Charlie Munger & The Psychology of Human Misjudgment, or watch the video here.
• Bob’s book/website The Datapreneurs.
• Follow Clay on Twitter.
• Follow Bob on Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Invest in Bitcoin with confidence on River. It’s the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.
• Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.
• Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!
• Invest in some of the top private, pre-IPO companies in the world with Fundrise.
• Take ownership of your Bitcoin with Foundation. Attain self-custody with Passport hardware wallet.
• Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.
• Invest in the same paintings available to billionaires, at a more accessible price point with Masterworks.
• Send, spend, and receive money around the world easily with Wise.
• Make investing in Short Term Rentals aka Air-BNBs simple, passive, and profitable with Techvestor. Listeners of We Study Billionaires get better terms by just mentioning “We Study Billionaires!” Sign up and book your call with their Investor Relations Team to get started today.
• Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.
• Beat FOMO and move faster than the market with AlphaSense.
• Choose Toyota for your next vehicle – SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.
• Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.
• Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.
• Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.