孙正义全英文拆解软银的全新AI路线图：为什么说“不赌 AI
字幕摘录
| 时间 | 英文 | 中文 |
|---|---|---|
| 0:01 | Usually, I don't do this, okay, but- | 通常,我不这样做,好吗,但... |
| 0:04 | We appreciate that. | 我们对此表示赞赏。 |
| 0:05 | I know you don't. | 我知道你没有。 |
| 0:06 | Yeah. | 对 |
| 0:07 | So this is my respect to you and Steve. | 这就是我对你和史蒂夫的尊敬 |
| 0:23 | Hello and welcome to this week's episode of Inside Blackstone. | 欢迎收看本周的"黑石内部" |
| 0:27 | 我是Cristine Anderson 公司事务全球主管 这是排队 | |
| 0:31 | First, Rodney Zemmell, Global Head of Blackstone's Operating Team, joins us for the Monday morning | 首先 黑石公司全球负责人罗德尼·泽梅尔 星期一早上加入我们 |
| 0:36 | meeting. | 会议。 |
| 0:37 | Then, Winfield Sickles is back with the Economic Weather Report, and next, the main event, | 接下来是"经济天气报告" 接下来的主要活动 |
展开字幕全文（538 条）
| 序号 | 英文 | 中文 |
|---|---|---|
| 1 | Usually, I don't do this, okay, but- | 通常,我不这样做,好吗,但... |
| 2 | We appreciate that. | 我们对此表示赞赏。 |
| 3 | I know you don't. | 我知道你没有。 |
| 4 | Yeah. | 对 |
| 5 | So this is my respect to you and Steve. | 这就是我对你和史蒂夫的尊敬 |
| 6 | Hello and welcome to this week's episode of Inside Blackstone. | 欢迎收看本周的"黑石内部" |
| 7 | 我是Cristine Anderson 公司事务全球主管 这是排队 | |
| 8 | First, Rodney Zemmell, Global Head of Blackstone's Operating Team, joins us for the Monday morning | 首先 黑石公司全球负责人罗德尼·泽梅尔 星期一早上加入我们 |
| 9 | meeting. | 会议。 |
| 10 | Then, Winfield Sickles is back with the Economic Weather Report, and next, the main event, | 接下来是"经济天气报告" 接下来的主要活动 |
| 11 | my late night conversation with legendary investor Masayoshi San, founder, chairman, | 我深夜和传奇投资者Masayoshi San的谈话,创始人,主席, |
| 12 | 以及Softbank的首席执行官 | |
| 13 | Masa is renowned for making bold bets ahead of technological change. | 马萨以在技术变革前大胆下注而闻名。 |
| 14 | We discuss what he sees on the horizon and opportunities he believes the world is still | 我们讨论他在地平线上所看到的 以及他认为世界还存在的机会 |
| 15 | underestimating. | 估计不足 |
| 16 | And finally, Blackstone chairman, CEO, and co-founder, Steve Schwarzman, joins me for | 最后,黑石公司董事长,CEO,以及联合创始人史蒂夫·施瓦兹曼(Steve Schwarzman)也加入了我 |
| 17 | the debrief. | 汇报。 |
| 18 | All right, Rodney, thank you for joining us. | 好吧 Rodney 谢谢你加入我们 |
| 19 | Good to see you, Christine. | 很高兴见到你 克莉丝汀 |
| 20 | Thank you for having me. | 谢谢你邀请我 |
| 21 | All right. | 好吧,我们走。 |
| 22 | Well, you oversee our operating team. | 嗯,你监督我们的操作团队。 |
| 23 | What that means is you go into our companies with your team and try to build value at these | 这意味着你和你的团队一起进入我们的公司 努力在这些公司建立价值 |
| 24 | companies, try to improve them. | 公司,尝试改善它们。 |
| 25 | So clearly, AI, as we both know, driving the conversation. | 很明显,AI,我们都知道, 驱动对话。 |
| 26 | And the question for all of us right now is, can you implement AI at these companies at | 而我们现在的问题是, 你能在这些公司里执行AI吗? |
| 27 | scale in a way that improves the value of these companies? | 提高这些公司价值的尺度? |
| 28 | If you'd have asked me here a year ago, I think we would have talked about a lot of | 如果你一年前邀请我来这里 我想我们会谈论很多 |
| 29 | pilots and a lot of plans. | 飞行员和很多计划 |
| 30 | One of my favorite probably overused jokes at the beginning of the year is the biggest | 我最喜欢的笑话之一 可能过度使用 在年初是最大的 |
| 31 | beneficiaries of AI in 2025 were dogs owned by software developers. | 2025年AI的受益者是软件开发者拥有的狗. |
| 32 | So every good software developer figured out how to use these tools before anyone else | 所以,每个好的软件开发者都想出 如何在别人之前使用这些工具 |
| 33 | did, got their work done 45 minutes faster, and then could go home and walk the dog. | 是的,让他们的工作做得更快 45分钟,然后可以回家走狗。 |
| 34 | So great for pet health. | 宠物健康真好 |
| 35 | Not necessarily good for the bottom line. | 不一定对底线有好处。 |
| 36 | Exactly. | 没错 |
| 37 | That's not what our CFOs, what our investors want to see. | 这不是我们的首席财务官, 我们的投资者想要看到的。 |
| 38 | Now, we've got a good number of companies we can point to where how that company works | 现在,我们有很多公司 可以指向公司的运作 |
| 39 | is feeling very different. | 感觉很不一样 |
| 40 | It's still early days, but we very much see it beginning to have an impact on the performance | 现在还很早 但我们非常清楚地看到 它开始对表演产生影响 |
| 41 | of the portfolio. | 投资组合。 |
| 42 | So which industries are seeing the greatest value created from AI? | 那么,哪些行业看到AI创造的最大价值? |
| 43 | Yes, so all of them. | 是的,所以他们全部。 |
| 44 | What surprised me was at the beginning, we started with a strong hypothesis around software | 一开始我惊讶的是, 我们开始有一个关于软件的强烈假设 |
| 45 | and services. | 服务。 |
| 46 | And of course, we spent a lot of time there. | 当然,我们花了很多时间在那里。 |
| 47 | What surprised me, though, is in pretty much every other industry, there is an AI story | 令我惊讶的是,几乎其他行业都有AI的故事 |
| 48 | to be told. | 将被告知。 |
| 49 | And whether it's in industrials, with, for example, our company Chamberlain, where we're | 和它是否在工业, 例如,我们的公司张伯伦,我们在哪里 |
| 50 | helping them build a whole new digital access business that wouldn't have been possible | 帮助他们建立一个全新的 数字接入业务 这是不可能的 |
| 51 | without AI, or whether in our health care businesses, where you're thinking about everything | 没有AI, 或无论在我们的医疗企业, 在那里你思考的一切 |
| 52 | they need to do from how they handle their data to how they interact with their customers | 他们需要从如何处理数据到如何与客户互动 |
| 53 | that can be transformed to real to our consumer businesses, where the whole world of how | 它可以变成真实的 我们的消费企业, 在那里整个世界如何 |
| 54 | consumers find information and make choices is changing dramatically. | 消费者寻找信息和作出选择正在发生巨大变化。 |
| 55 | And they really need to be on the forefront of it. | 他们真的需要站在前列。 |
| 56 | And we're seeing that across industry after industry. | 我们从工业中看到这一点。 |
| 57 | What does that lead you to believe from a productivity boom standpoint? | 从生产力繁荣的角度来看,这让你相信什么? |
| 58 | Well, I think we're probably already in it. | 好吧,我想我们可能已经在里面了。 |
| 59 | What's different, though, from maybe what people thought a couple of years ago is it's | 和几年前人们想的不一样的是 |
| 60 | hard, right? | 很难吧? |
| 61 | So every company needs to sort of climb over this activation barrier, right? | 所以每个公司都需要爬过这个激活屏障 对吧? |
| 62 | Real effort in right before they can really get the effort out. | 真正的努力在他们能够真正 得到的努力。 |
| 63 | Yeah, it takes time. | 是的,这需要时间。 |
| 64 | So what does that mean? | 这是什么意思? |
| 65 | That means one, it will take a little longer to not everybody will be able to pull it off. | 这意味着,第一,要花点时间,不是每个人都能成功。 |
| 66 | But as investors, we like that, right? | 但是作为投资者,我们喜欢这样,对吧? |
| 67 | The fact that it's hard means that the value once it's created will be a little stickier, | 硬的意味着一旦它被创造出来 价值就会有点粘 |
| 68 | right? | 对吧? |
| 69 | It won't all get competed away. | 它不会全都被竞争。 |
| 70 | And maybe hopefully we have some differential advantage in creating that value, right? | 也许我们希望我们在创造这种价值方面 有不同的优势,对吧? |
| 71 | That is what we're aiming for. | 这就是我们的目标。 |
| 72 | Finally, lessons for any CEOs or leaders that are listening about how they would think about | 最后,对于任何正在倾听他们如何思考的首席执行官或领导人来说,教训是: |
| 73 | AI执行. | |
| 74 | I'll give you two. | '二. |
| 75 | Number one, focus. | 第一 专注 |
| 76 | It is not everything everywhere all at once. | 它不是所有的一切 一次。 |
| 77 | It's like pick one to two things. | 如选一二事. |
| 78 | And number two, think very carefully about who you're putting in charge. | 第二,仔细想想你负责谁 |
| 79 | I've never seen this turn into business impact if it is tech led alone. | 我从来没有见过这个 变成商业影响 如果它是技术领导单独。 |
| 80 | It needs to be led by business and tech together, working in a super tight iterative | 它需要由企业和技术共同领导 在一个超紧的迭代中工作 |
| 81 | partnership. | 伙伴关系。 |
| 82 | That's hard. | 难曰. |
| 83 | And that takes the right business leaders and time from the CEO themselves. | 这需要正确的企业领导 和CEO自己的时间。 |
| 84 | Well, fascinating insights. | 令人着迷的洞察力 |
| 85 | I'm hoping you'll agree to be a regular on the show as this all plays out. | 我希望你能同意成为节目的常客 随着这一切的进行。 |
| 86 | If you'll have me, I'd welcome that. | 如果你愿意,我会欢迎你。 |
| 87 | Of course, we would love it. | 当然,我们会喜欢的。 |
| 88 | And now over to my conversation with Winfield Sickles and the Economic Weather Report. | 现在到我和温菲尔德的谈话 和经济天气报告。 |
| 89 | Hey, Winfield. | 嘿,温菲尔德。 |
| 90 | Hey, Christine. | 嘿,克莉丝汀。 |
| 91 | Welcome back. | 欢迎回来 |
| 92 | All right. | 好吧,我们走。 |
| 93 | A lot has happened in the three weeks since you've been here. | 自从你来这三周以来 发生了很多事 |
| 94 | Understatement. | 轻述. |
| 95 | I mean, including the haircut. | 我的意思是,包括发型。 |
| 96 | Maybe also not an understatement. | 也可能不是轻描淡写 |
| 97 | Looks good. | 看起来不错 |
| 98 | Thank you. | 谢谢 |
| 99 | All right. | 好吧,我们走。 |
| 100 | The single sentence economic weather report this week. | 单句经济气象报道本周. |
| 101 | I'm going to make you do it. | 我会让你这么做的 |
| 102 | Single sentence. | 单句. |
| 103 | One sentence. | 一句话 |
| 104 | One sentence economic weather report is corporate borrowing costs are definitely higher | 有一句话经济天气报告 公司借贷成本肯定更高 |
| 105 | and we're paying super close attention to it. | 我们正密切关注着它 |
| 106 | But all the drivers of growth, which are born out of this AI infrastructure boom | 但所有增长的驱动力 都来自于人工智能基础设施的繁荣 |
| 107 | and then the broadening of that to the rest of the economy is very much intact. | 然后,扩大经济的其余部分 是非常完整的。 |
| 108 | All right. | 好吧,我们走。 |
| 109 | You can go a little bit deeper now. | 你现在可以更深入一点了 |
| 110 | I can talk more. | 我可以多说点 |
| 111 | You can talk a little bit more about what's behind it. | 可以多谈其背后之事. |
| 112 | OK, so Treasury yields 10 year through 5.3 percent highest level since 2002. | 国库的产量是2002年以来最高的5.3%。 |
| 113 | Right. | 对 |
| 114 | Driven by growth predominantly, in our opinion. | 我们认为,增长主要是驱动的。 |
| 115 | It's amazing to think that that's happened over six months. | 令人惊奇的是,认为这 发生在六个月。 |
| 116 | That's when yields bottomed and stocks are up almost 20 percent. | 这时,产量降到了底部, 储量几乎上升了20%。 |
| 117 | Corporate borrowing costs have expanded a little bit. | 公司借款成本略有扩大. |
| 118 | But generally speaking, they're contained. | 但总的来说,它们被控制住了。 |
| 119 | And from our point of view, it's this acceleration in business investment. | 而从我们的观点来看,这是商业投资的加速. |
| 120 | It's capex broadening out in the economy and then economic data. | 它正在经济中扩张 然后是经济数据 |
| 121 | For the most part, jobs report was a little bit weak. | 大部分工作报告有些薄弱。 |
| 122 | The last one that came out. | 最后一个出来。 |
| 123 | But more broadly, the economic data keeps surprising to the top side. | 但更广义地说,经济数据一直令高层感到惊讶. |
| 124 | And when you look at Q3 GDP estimates, they're running around 3 percent, | 当你看Q3的GDP估计, 他们运行大约3%, |
| 125 | which is above trend for the U.S. economy. | 这在美国经济中高于趋势。 |
| 126 | Plus the AI infrastructure build out, which is contributing to that story. | 加上人工智能基础设施的建设,这为这个故事做出了贡献。 |
| 127 | 100 percent. | 百分百都一样 |
| 128 | So do you think this can continue? | 你觉得这还能继续吗? |
| 129 | I think so because of what you just said on the AI infrastructure build out. | 我想是因为你刚才在人工智能基础设施上说的话 |
| 130 | And I think also when you look to the public markets | 我还想当你看看 公共市场 |
| 131 | and you look to the earnings trajectory there, Q2, | 你看看那里的收入轨迹,Q2, |
| 132 | we've had this huge hyperscaler spend, you know, upwards of 800 billion dollars | 我们已经有这个巨大的超规模 花费,你知道, 超过8000亿美元 |
| 133 | this year, probably over a trillion dollars next year. | 今年,明年可能超过一万亿美元。 |
| 134 | We're in the middle of Q3 earnings now. | 我们正处于Q3收入的中间 |
| 135 | We'll see where they deliver. | 我们看看他们到哪里去 |
| 136 | But last quarter, you saw cloud revenue up between 50 to 120 percent | 但最后一个季度,你看到云收入在50%到120%之间 |
| 137 | across those names. | 这些名字之间。 |
| 138 | So it feels like the spend is starting to show up on the other side of the equation. | 因此,它的感觉是支出开始出现在方程式的另一边。 |
| 139 | OK, I always have to ask any data you're seeing from our portfolio companies | OK,我总是要问 从我们的证券公司你看到的任何数据 |
| 140 | that tells you what's happening. | 这告诉你发生了什么。 |
| 141 | I think you actually have the data from your great conversation | 我觉得你确实有 你伟大的谈话中的数据 |
| 142 | with David Levine last week. | 上周和大卫・莱文在一起 |
| 143 | We have all this AI infrastructure, but all of a sudden | 我们有这些人工智能基础设施 但突然间 |
| 144 | that's now impacting, for example, our logistics business | 以我们的物流业务为例 |
| 145 | and driving some of the growth that we're seeing there. | 推动我们所看到的成长 |
| 146 | So I think in terms of our proprietary data | 所以我认为我们的专有数据 |
| 147 | and how that broadening is coming to bear, that's a great example. | 以及这种扩张是如何发生的, 这是一个很好的例子。 |
| 148 | That's great. | 赞曰. |
| 149 | Well, thank you for being here. | 谢谢你能来 |
| 150 | 现在我们要谈谈我和SoftBank的Masa San的谈话 | |
| 151 | Masa, welcome to Inside Blackstone. | 马萨 欢迎来到黑石内部 |
| 152 | We're so thrilled to have you with us. | 我们很高兴你和我们在一起。 |
| 153 | Yes, thank you very much. | 是的,非常感谢。 |
| 154 | It's 11 p.m. in New York, and you're joining us from Tokyo. | 现在是纽约晚上11点,你从东京过来 |
| 155 | I'm going to quickly give our listeners just a little bit of your bio | 我会很快地给我们的听众 一点点你的生物 |
| 156 | before we dive in. | 在我们潜入之前 |
| 157 | You were born in rural Japan to Korean parents. | 你出生在日本农村 韩国父母。 |
| 158 | You moved yourself to California at age 16 | 你16岁就搬到加州了 |
| 159 | and then sold your first technology, an electronic translator, | 然后卖了你的第一个技术 一个电子翻译 |
| 160 | while still a student at UC Berkeley. | 还是加州大学伯克利分校的学生 |
| 161 | You used the proceeds to found SoftBank in 1981. | 你用收益在1981年发现了SoftBank |
| 162 | Then over the next four decades, you developed a reputation | 接下来的40年里,你发展了声誉 |
| 163 | for seeing technology shifts before other people. | 技术在别人面前的改变 |
| 164 | You backed some of the defining companies of the Internet era | 你支持了互联网时代的一些定义公司 |
| 165 | before making bold bets on the future of artificial intelligence, | 在对人工智能的未来做出大胆的赌注之前 |
| 166 | including massive infrastructure investments and the largest stake in open AI. | 包括大规模基础设施投资以及公开AI的最大利益。 |
| 167 | But the reason I wanted to have you on doesn't have anything | 但是,我想有你的原因 没有任何东西 |
| 168 | to do with your track record. | 和你的记录。 |
| 169 | It's because you have been almost unmatched willingness | 是因为你几乎无与伦比的意愿 |
| 170 | to keep betting on what's next. | 继续赌下一局 |
| 171 | At 69, you've said that everything you've done up | 69岁,你说你所做的一切 |
| 172 | until this moment has been a warm up for what's to come. | 直到这一刻 已经是一个温暖 未来。 |
| 173 | So I'd love to say I think that's the most astounding statement. | 所以我想说,我觉得这是最令人惊叹的说法。 |
| 174 | So I wanted to start with that. | 所以我想从这个开始。 |
| 175 | You know, Alibaba, Yahoo, Arm, the Vision Fund. | 阿里巴巴 雅虎 阿尔姆 愿景基金 |
| 176 | Is this all really just a warm up? | 这真的只是热身吗? |
| 177 | Yeah, I truly think so. | 是啊,我真的这么认为。 |
| 178 | What's going to happen on AI is so remarkable, so big. | AI上将要发生的事情是如此惊人,如此之大. |
| 179 | OK, so it seems that everything that I did in the past | 好吧,看来我过去所做的一切 |
| 180 | was just, you know, tiny things, tiny, tiny things. | 只是,你知道, 微小的东西,微小的东西。 |
| 181 | Well, so when you talk about what's next, Steve Schwarzman, | 好吧,所以当你谈论 什么是下一步,史蒂夫·施瓦兹曼, |
| 182 | he said to me, you should really just ask Masa one thing, | 他对我说 你真的应该问马萨一件事 |
| 183 | which is sort of how do you how do you see it? | 你怎么看出来的? |
| 184 | How do you get conviction around a big idea? | 你怎么对一个大主意有信念? |
| 185 | AI was my theme for many, many years. | 多年来,AI一直是我的主题。 |
| 186 | In fact, when when I saw the first photograph | 事实上,当我看到第一张照片时 |
| 187 | of the microprocessor at the age of 17, | 17岁的微处理器, |
| 188 | you know, I was reading a magazine on the street | 我在街上看杂志 |
| 189 | and I start crying, truly physically. | 我开始哭,真正的身体。 |
| 190 | I start crying on the street, just reading popular electronics or something. | 我开始在街上哭, 只是阅读流行的电子产品什么的。 |
| 191 | I said, this is going to change the future of mankind. | 我说,这将改变人类的未来。 |
| 192 | Now, the microprocessor eventually becomes so powerful, so smart | 现在,微处理器最终变得如此强大,如此聪明 |
| 193 | that it will be smarter than people's brain. | 它会比人的大脑聪明。 |
| 194 | Eventually, it may take some some number of years. | 最后,可能需要一些年。 |
| 195 | And I predicted maybe 50 years. | 我预测了大概50年 |
| 196 | It's done right. | 修行正觉. |
| 197 | It's now 50 years. | 现五十年. |
| 198 | I was 17 years old. | 我当时17岁。 |
| 199 | I'm 69, so, you know, 50 years. | 我六十九岁,所以,你知道的,50年。 |
| 200 | Now the microprocessors, | 现在微处理器 |
| 201 | the power of brain in the data centers, these are all happening. | 大脑在数据中心的力量, 这一切正在发生。 |
| 202 | And now it's going to go into the brain of the robotics. | 现在它要进入机器人的大脑。 |
| 203 | OK, so it's not just, you know, on the virtual world, | 好吧,所以它不只是, 你知道,在虚拟世界, |
| 204 | but also in the physical world, it's going to start to happen. | 但同样在物理世界,它将开始发生。 |
| 205 | You said you think that could be 10,000 times more intelligent than humans, | 你说你认为这比人类聪明一万倍 |
| 206 | and that could come within a decade. | 10年之内就可以了 |
| 207 | Has that timetable sped up? | 时间表加快了吗? |
| 208 | No matter what, how you define, if the AI becomes 10,000 times smarter, | 无论如何,你如何定义, 如果AI变得1万倍聪明, |
| 209 | there's no more debate. | 没有争论了 |
| 210 | It becomes so smart that it will start to innovate | 它变得如此聪明,将开始创新 |
| 211 | a new technology by itself. | 一种新技术本身。 |
| 212 | Right. | 对 |
| 213 | So it's really happening. | 所以它真的发生了。 |
| 214 | So paint a picture for me, then. | 那就给我画张画吧 |
| 215 | What does that world look like? | 这个世界是什么样子的? |
| 216 | You're obviously an optimist, right, about this AI enabled future. | 显然你是一个乐观主义者,对吗, 关于这个AI使未来。 |
| 217 | What does it look like for humankind? | 人类是什么样子? |
| 218 | They will be happier if the human are happier, | 如果人类快乐,他们就会更快乐 |
| 219 | if the human is happier by by curing our unsolvable disease, | 如果人类更快乐 通过治愈我们无法治愈的疾病, |
| 220 | like cancer and so on, and make sure we have no more accidents on the street. | 像癌症之类的, 确保我们没有更多的事故 在街道上。 |
| 221 | Make sure that all kinds of natural disasters are coming. | 确保各种自然灾害即将来临。 |
| 222 | They forecast and they give us solutions. | 他们预测,并给我们提供解决方案。 |
| 223 | And so they become like our surrounding of the brain | 所以他们变得像我们周围的大脑 |
| 224 | to help us become more productive, | 帮助我们变得更有生产力, |
| 225 | help us become happier, you know, enjoy a human-like life. | 帮助我们变得更快乐,你知道,享受一个像人类一样的生活。 |
| 226 | What becomes of human progress? | 人类的进步会怎样? |
| 227 | So much of life today and that you and I probably get out of life is | 今天的很多生活,你我 可能离开的生活是 |
| 228 | is achievement and and and learning new things each day. | 成就和每天学习的新事物。 |
| 229 | What does the human experience become? | 人类的经验会变成什么? |
| 230 | Well, I think it will be even even more fun. | 我觉得会更好玩 |
| 231 | OK, we don't have to do what we did not want to do. | 好吧,我们不需要做 我们不想做的事。 |
| 232 | We can have more joy, more entertainment, more sports, | 我们可以有更多的快乐,更多的娱乐,更多的运动, |
| 233 | more family engagement, more friends. | 更多的家庭参与,更多的朋友。 |
| 234 | So more humanly high patch things that we can do. | 所以,更多的人高 补丁的东西,我们可以做。 |
| 235 | Very interesting. | 非常有趣,你觉得呢? |
| 236 | And yet there's been so much news lately about the risks associated with AI. | 然而最近却有这么多关于AI相关风险的消息. |
| 237 | Even OpenAI recently disclosed new incidents where AI systems had falsified | 连OpenAI最近也披露了AI系统伪造的新事件. |
| 238 | data and hid mistakes and essentially acted without permission, | 数据 隐藏错误 基本上擅自行事 |
| 239 | much like the hugging face situation. | 和拥抱的表情很像 |
| 240 | You know, OpenAI itself says it doesn't believe the industry has solved | 你知道,OpenAI本身说 它不相信 行业已经解决 |
| 241 | the alignment and monitoring to a sufficient degree | 充分调整和监测 |
| 242 | to continue reasonably scaling at maximum speed. | 以最高速度继续合理缩小。 |
| 243 | Do you agree with that? | 你同意吗? |
| 244 | I'm on the side of not really slowing down. | 我站在不真正减速的一边。 |
| 245 | Technology development actually is the solution | 技术开发其实是解决办法 |
| 246 | to those kind of issues. | 对于这些问题。 |
| 247 | If we are primitive, of course, we need the guidance, | 如果我们是原始的,当然, 我们需要指导, |
| 248 | the rules, like when the automotive society comes. | 规则,像当汽车社会来。 |
| 249 | OK. | 摆 |
| 250 | We create a rule that we cannot drink, right? | 我们创造了一条不能喝酒的规则,对吧? |
| 251 | When you are driving, you cannot have alcohol in your brain. | 当你开车的时候 你不能在脑子里喝酒 |
| 252 | You have to stop at the red light. | 你必须停在红灯。 |
| 253 | OK. | 摆 |
| 254 | You have to run on one side of the road so that you don't have a crash. | 你必须跑在路的一侧,以免发生车祸. |
| 255 | OK. You have to create the rules and the manners, | 摆 你必须创造规则和礼仪, |
| 256 | the etiquette for the better society of automotive. | 创造更好的汽车社会的礼仪 |
| 257 | We have to do the same thing for the AI. | 我们必须为AI做同样的事情. |
| 258 | OK. And cyber attack, we're supposed not to do. | 摆 还有网络攻击 我们不应该这么做 |
| 259 | We have to protect the cyber attack by the technology. | 我们必须保护网络攻击的技术。 |
| 260 | And we have to protect bad AI agents. | 我们必须保护坏的AI特工 |
| 261 | Don't be misbehaved like a human. | 别像人类那样行事失当 |
| 262 | Supposed not to be misbehaved. | 应该不会犯规 |
| 263 | We have to teach AI agents. | 我们得教人工智能特工 |
| 264 | These are the bad thing. | 这是坏事。 |
| 265 | OK. | 摆 |
| 266 | So it's not just a capable AI agent. | 所以它不仅仅是一个有能力的AI特工. |
| 267 | We have to create a good AI agent, good in heart, | 我们必须创造一个良好的AI代理, 良好的心脏, |
| 268 | you know, make human happier. | 让人类更快乐 |
| 269 | That's the goal AI agents are supposed to have. | 这是AI特工应该有的目标 |
| 270 | OK. | 摆 |
| 271 | So then, you know, it will become smarter, smarter | 所以,你知道,它会变得聪明,聪明 |
| 272 | not to do silly stuff, not to do immoral stuff. | 不要做傻事, 不要做不道德的事。 |
| 273 | Human society to be, you know, | 人类社会,你知道, |
| 274 | respect the other society, other people, other family. | 尊重另一个社会、其他人、其他家庭。 |
| 275 | Right. | 对 |
| 276 | We have to do the same thing on AI, not slowing down. | 我们必须在AI上做同样的事情,不要放慢速度. |
| 277 | The progress make the solution. | 进展是解决问题的办法。 |
| 278 | So we have to go full speed. | 所以我们必须全速前进。 |
| 279 | Where's the good intent? | 善心何处. |
| 280 | To build the good intent into the system. | 将好意建立在系统中. |
| 281 | Yes. | 对 |
| 282 | Moving at full speed. | 全速前进. |
| 283 | Yes. | 对 |
| 284 | So like Blackstone, SoftBank has made major AI infrastructure investments. | 因此,和黑石公司一样,SoftBank也做了大量的AI基础设施投资. |
| 285 | You've essentially bet the farm in the sense that you're investing across, | 你打赌农场,因为你正在投资 |
| 286 | you know, the LLMs, the chips, the, you know, the data centers, et cetera. | 你知道,LLM,芯片, 数据中心等等。 |
| 287 | Why not pick just one of those areas? | 为什么不从中挑一个? |
| 288 | No, I wouldn't pick just one. | 不 我不会只选一个 |
| 289 | OK. | 摆 |
| 290 | This is the AI era starting, AI generation starting. | 这是AI时代开始,AI世代开始. |
| 291 | The history is going to be creative. | 历史将具有创造性。 |
| 292 | OK. | 摆 |
| 293 | So I don't have to run one company | 所以我不用经营一家公司 |
| 294 | and be a CEO of one operating company. | 成为一家运营公司的首席执行官 |
| 295 | I can be an investor. | 我可以做投资人 |
| 296 | I create an ecosystem, | 我创造了一个生态系统, |
| 297 | ecosystem of group of companies that we invest. | 我们投资的公司集团的生态系统。 |
| 298 | We invest, you know, not as a passive investor. | 我们投资,你知道, 不是作为一个被动投资者。 |
| 299 | We are, you know, more involved with the growth of the company, | 我们,你知道,更多 参与公司的增长, |
| 300 | bringing synergy among our portfolio company. | 给我们的投资组合公司带来协同效应 |
| 301 | Usually we are largest shareholder of our portfolio company, | 通常我们是投资组合公司的最大股东, |
| 302 | 20%,30%,80% | |
| 303 | OK, so we have more involvement with each of the CEO, | 好吧,所以我们有更多的参与 每一个CEO, |
| 304 | but only focused AI related. | 但只关注AI相关. |
| 305 | You recently said that SoftBank has begun mass producing robots | 你最近说SoftBank已经开始大量生产机器人 |
| 306 | at a physical AI plant with robots producing robots. | 在一个物理AI工厂 机器人生产机器人。 |
| 307 | I'm curious what these robots are being produced to do. | 我很好奇这些机器人会做什么。 |
| 308 | Yes. | 对 |
| 309 | So we are very quietly developing those, | 所以我们非常安静地开发这些, |
| 310 | our portfolio company, family company. | 我们的证券公司 家族公司 |
| 311 | We have more than 30 robotics companies in our portfolio | 我们有30多家机器人公司 |
| 312 | and very quietly preparing the time to come. | 并且非常悄悄地准备来的时候。 |
| 313 | But as I said in the beginning of conversation, | 但我在谈话开始时说过 |
| 314 | the humans are still doing a lot of tiring job. | 人类仍然在做许多累人的工作。 |
| 315 | Doing dishes like I do. | 做盘子像我一样。 |
| 316 | Exactly. | 没错 |
| 317 | We enjoy that. | 我们喜欢这样 |
| 318 | Right. | 对 |
| 319 | So if those things were done by robots, | 所以,如果那些事情是机器人做的, |
| 320 | the human can focus doing something more fun, more exciting. | 人类可以专心做更有趣更刺激的事 |
| 321 | I think the story of you at 16 years old going over to the, | 我想你16岁那年的故事 |
| 322 | you know, really with your own cleverness, getting in to see the | 你知道,真的用你自己的聪明, 进入看 |
| 323 | the head of McDonald's Japan and asking him one question, | 麦当劳的日本头 问他一个问题, |
| 324 | which is what should you study? | 你该学什么? |
| 325 | And I'm just curious, what would what would if someone asked you today | 我只是好奇 如果今天有人问你怎么办 |
| 326 | what to study, what would the answer be? | 学习什么,答案是什么? |
| 327 | AI. | 大赦国际。 |
| 328 | Yes. | 对 |
| 329 | Superintelligence. | 超级智能. |
| 330 | If you're interested in medicines, OK, | 如果你对药品感兴趣,好吧 |
| 331 | the superintelligence for medicine | 医学的超级情报 |
| 332 | make it much more productive. | 让它更有成效。 |
| 333 | Superintelligence for the automotive. | 汽车超级智能. |
| 334 | If you're interested in automotive, you know, subject | 如果你对汽车感兴趣,你知道,主题 |
| 335 | superintelligence with automotive as a combination, | 超级智能 汽车作为组合, |
| 336 | be the real supercar. | 成为真正的超级汽车。 |
| 337 | Right. | 对 |
| 338 | So every subject, airplane or, you know, whatever the business | 所以,每个主题,飞机,或者,你知道的,不管生意 |
| 339 | you want to get in, the specialist you want to be. | 你想进,你想要的专家。 |
| 340 | Yeah. | 对 |
| 341 | You bring the superintelligence combined, | 你带来了超级情报组合, |
| 342 | then you have the future of of the subject into success. | 然后,你有 未来的主题成功。 |
| 343 | How do you use AI in your daily life? | 在日常生活中如何使用AI?. |
| 344 | How would you encourage CEOs to be using AI? | 你将如何鼓励CEO使用AI? |
| 345 | Oh, my God. | 须菩提. |
| 346 | That's too many ways to put it. | 说得太多了 |
| 347 | Myself, I'm using now three hours a day, maybe | 我自己,我现在每天用三个小时,也许 |
| 348 | on the week on the weekend. | 周末的那个星期 |
| 349 | I spend maybe seven hours a day on the weekend. | 我可能每天花七小时在周末。 |
| 350 | And you're talking to the AI and asking questions and iterating. | 而你却在和人工智能交谈,问问题和延绵. |
| 351 | What are you doing? | 你在干吗? |
| 352 | Yeah, I cannot now live without it. | 是啊,我现在不能没有它。 |
| 353 | You know, even one day, I cannot live without it now. | 你知道,即使有一天, 我不能没有它现在。 |
| 354 | It's so productive, so exciting. | 如此丰硕,令人兴奋. |
| 355 | And people say, hey, you know, when the AI, if you use, | 人们说,嘿,你知道, 当AI,如果你使用, |
| 356 | you don't use your brain, it's the opposite. | 你不使用你的大脑, 这是相反的。 |
| 357 | It's totally opposite. | 这是完全相反的。 |
| 358 | OK, it's like having a thought partner. | 好吧,这就像有一个思想伙伴。 |
| 359 | When you start, you know, debating, right? | 当你开始,你知道,辩论,对不对? |
| 360 | Discussing if the AI says this and say, | 讨论AI是否说, |
| 361 | Oh, but what about this angle? | 哦,但是这个角度呢? |
| 362 | Can you make it 20 percent more efficient? | 你能提高20%的效率吗? |
| 363 | Can you do this and get you can debate, right? | 你能做到这一点,让你可以辩论,对不对? |
| 364 | Brainstorm. | 脑暴. |
| 365 | It's it's my thought made now. | 这是我现在的想法。 |
| 366 | If you're an investor, what should you really be thinking about? | 如果你是投资人 那你到底在想什么? |
| 367 | There's so much to learn. | 学人甚多. |
| 368 | But what would you what would you advise people to be focusing on? | 但你建议人们关注什么? |
| 369 | As an investor? | 作为投资者? |
| 370 | Well, I say forget about short term small money. | 好吧,我说忘了短期的小额钱。 |
| 371 | Think big. | 以为大. |
| 372 | OK. | 摆 |
| 373 | The result is proportionate to your dream. | 结果与你的梦想成正比 |
| 374 | OK, if your dream is so small, if your wish is so small, | 如果你的梦想如此渺小 如果你的愿望如此渺小 |
| 375 | you still get 70 percent achievement. | 你还是有70%的成就 |
| 376 | If the wish is so big, your dream is so big, you still get 70 percent. | 如果愿望如此之大,你的梦想如此之大, 你仍然得到70%。 |
| 377 | That's right. | 没错 |
| 378 | OK. | 摆 |
| 379 | So no matter how big is your wish or dream, | 所以无论你的愿望和梦想有多大 |
| 380 | you you're not going to get 100 percent that easily. | 你不会那么容易得到100%的。 |
| 381 | On the average, you get 70 percent. | 平均来说,你得到70%。 |
| 382 | OK. | 摆 |
| 383 | So why not think big? | 那么,为什么不思考大? |
| 384 | It seems like you think in these longer time horizons than most people. | 看来你比大多数人 都想在这么长的时间范围内 |
| 385 | At my meeting every day, every day | 我每天都在开会 |
| 386 | we talk about what about next 10 years, you know, plan of us, | 我们谈了未来十年的计划 |
| 387 | the strategy for us. | 我们的策略 |
| 388 | And the next day we revise, hey, what is 10 years from the next day? | 第二天我们修改,嘿, 10年后的第二天是什么? |
| 389 | We again. | 又来了 |
| 390 | Right. | 对 |
| 391 | People say, why is it going to change that much? | 人们说,为什么它会改变这么多? |
| 392 | Yes, I say yes, because in 24 hours | 是的,我说是,因为24小时后 |
| 393 | we have lots more new input, more thinking. | 我们有更多的新的投入,更多的思考。 |
| 394 | We have to adjust a lot. | 我们必须调整很多。 |
| 395 | OK. | 摆 |
| 396 | So but nobody knows exactly what's going to happen in 10 years. | 但是没有人知道10年后会发生什么。 |
| 397 | That's why we have to think. | 这就是为什么我们必须思考。 |
| 398 | You know, people say, oh, 10 years later, nobody knows. | 你知道,人们说, 哦,10年后,没有人知道。 |
| 399 | So let's not think about it. | 故不思议. |
| 400 | Let's think about next year. | 让我们想想明年。 |
| 401 | OK. | 摆 |
| 402 | It's the opposite. | 则相反. |
| 403 | If if you don't know what's going to happen in 10 years, | 如果你不知道十年后会发生什么 |
| 404 | don't give up thinking about it. | 不要放弃想它。 |
| 405 | Think, think, think. | 思考,思考,思考。 |
| 406 | OK. | 摆 |
| 407 | I have one personal question to ask you, which is that you have a | 我有一个个人问题要问你 那就是你有一个 |
| 408 | you have been married for five decades. | 你已经结婚五十年了 |
| 409 | And I'm just curious through all of the ups and downs of your career, | 我好奇你事业的所有起伏 |
| 410 | these high highs and some, you know, very public challenges | 这些高点和一些非常公开的挑战 |
| 411 | that you've had, you've had this relationship. | 你曾经有过这种关系 |
| 412 | And what has that relationship, how has that helped you succeed? | 是什么关系? 这怎么帮助你成功? |
| 413 | Well, look, you know, the relationship is so important, right? | 你看,你知道, 关系是如此重要,对不对? |
| 414 | That you have to respect people, you have to love people. | 你必须尊重人们, 你必须爱人们。 |
| 415 | And you have to, you know, you have to feel that this is important. | 你必须,你知道,你必须 觉得这很重要。 |
| 416 | Well, congratulations on five decades. | 恭喜你们五十年了 |
| 417 | I think that's super impressive. | 我觉得这太令人印象深刻了 |
| 418 | I want to ask you one other thing, which is the SoftBank Hawks, | 我想问你另外一件事, 就是软银行的鹰, |
| 419 | which is one of the the top baseball teams in Japan. | 是日本顶级棒球队之一 |
| 420 | Curious if you would let Chachi BT pick the opening lineup. | 好奇的是,如果你会让 Chachi BT 接开场排队。 |
| 421 | No, that's it. | 不,就是这样。 |
| 422 | That's a no, that's too far. | 这是不,这是太远。 |
| 423 | That is a job of our general manager. | 这是我们总经理的工作。 |
| 424 | OK. You sure? | 摆 你确定吗? |
| 425 | You know, he's he has a lot of capability | 你知道,他有很强的能力 |
| 426 | and trust by the member of the team. | 以及团队成员的信任 |
| 427 | And that's a part of the fun. | 这是其中一部分乐趣。 |
| 428 | It's it's not just to calculate this stuff. | 这不仅仅是计算这些东西。 |
| 429 | Right. | 对 |
| 430 | Well, as Steve promised, fascinating conversation with you and so many insights. | 正如史蒂夫所承诺的 跟你的精彩对话 还有很多见解 |
| 431 | And we're so grateful to you for being here. | 我们非常感谢你来到这里。 |
| 432 | Thank you so much. | 非常感谢 |
| 433 | Good luck to all of you. | 祝你们好运 |
| 434 | Thank you very much. | 谢谢 |
| 435 | Well, Steve, thank you for stopping by. | 好了,史蒂夫,谢谢你的来访。 |
| 436 | It's my pleasure. | 这是我的荣幸。 |
| 437 | I hope you'll be a frequent guest on Inside Blackstone. | 我希望你能经常成为黑石内线的客人 |
| 438 | Easy to do. | 很简单 |
| 439 | All right. | 好吧,我们走。 |
| 440 | Well, we just had a great conversation with Masa, such an interesting guy. | 我们刚和Masa聊得很开心 真是个有趣的人 |
| 441 | When we when we decided to do this podcast, you said we had to get him on | 当我们决定做播客时 你说我们得让他上播 |
| 442 | just because of the the vision that he has and the ability to see around corners. | 只是因为他有远见 并且有能力环顾四周 |
| 443 | Why is that such an unusual trait? | 怎么会有这么不寻常的特质? |
| 444 | Well, it's unusual because most people don't do it. | 嗯,这是不寻常的,因为大多数人不这样做。 |
| 445 | What's usual for him, he's technologically based | 对他来说是平常的 他的技术基础 |
| 446 | and he has the ability to see what a technology | 他有能力看到什么是技术 |
| 447 | in the right hands can do commercially. | 在正确的手中可以做商业。 |
| 448 | And he sort of just waits to see the moment | 他只是等着看到那一刻 |
| 449 | and see the person who's going to be developing it. | 并看到将要开发的人。 |
| 450 | And then he bets the house all the chips, all the chips go on the table. | 然后他把房子赌了所有的筹码,所有的筹码都放在桌子上. |
| 451 | Sometimes if he's getting more and more chips because he's being successful, | 有时候,如果他得到越来越多的筹码 因为他的成功, |
| 452 | he'll diversify into different ways to play the same | 他会以不同的方式玩同样的游戏 |
| 453 | as he's doing right now across the ecosystem. | 就像他正在对着生态系统做的那样 |
| 454 | He's playing everything, of course. | 当然 他在玩一切 |
| 455 | And over time, he's had way more triumphs than setbacks, but he has both. | 随着时间的推移,他取得了比挫折更多的胜利, 但他有两者。 |
| 456 | And he is incredibly resilient. | 他的韧性非常强 |
| 457 | Setbacks don't bother him the way they do normal people because he's on theme. | 后退不会像他们对待正常人那样困扰他,因为他在主题上. |
| 458 | Right. | 对 |
| 459 | If he believes something, | 如果他相信什么的话 |
| 460 | he knows it's going to happen. | 他知道这会发生。 |
| 461 | His timing can be a little off, doesn't trouble him. | 他的时机可能有点不对劲,不会惹他麻烦的. |
| 462 | So he's got nerves of steel. | 所以他有神经的钢铁。 |
| 463 | Clearly, it's a period of tremendous disruption right now. | 显然,这是一个时期 巨大的破坏现在。 |
| 464 | How do you think about investing during periods like this? | 你觉得在这样的时期投资怎么样? |
| 465 | Well, I like change. | 我喜欢改变 |
| 466 | If there wasn't change, there wouldn't be Blackstone, | 如果没有改变,就不会有黑石, |
| 467 | because everything would be in liquid securities on some kind of 60, 40 | 因为每件事物都会在60,40的流动性证券上 |
| 468 | divided portfolio between debt and equity. | 在债务和股本之间分配投资组合。 |
| 469 | I'm always looking for new things that are quite enduring. | 我总是在寻找一些新的东西 这些东西是相当持久的。 |
| 470 | I'm not interested in short term trades, you know, like what's going to happen? | 我对短期交易不感兴趣, 你知道,像会发生什么? |
| 471 | And I knew through some series of accidents | 我通过一系列事故知道 |
| 472 | that that AI was going to be a thing that was happening for a 20, 30 year run. | 那AI会是一个事情 正在发生20,30年。 |
| 473 | Well, let's talk about that. | 好吧,让我们谈谈这个。 |
| 474 | I mean, you were so early to this in 2019. | 2019年你来得这么早 |
| 475 | You are making a gift to Oxford even before that 2018 gift to MIT | 在2018年给麻省理工学院的礼物之前 你就要给牛津大学做礼物了 |
| 476 | to really focus on AI safety. | 真正专注于AI安全。 |
| 477 | What's your take on how we need to be addressing that? | 你对我们需要如何应对这个问题有什么看法? |
| 478 | Well, now, in effect, what I knew and other people knew back | 嗯,现在,实际上,我知道的 和别人知道回来 |
| 479 | in the Middle Ages there that the cat's out of the bag. | 中世纪的猫从袋子里出来了 |
| 480 | Everybody now knows because in the front page of almost every newspaper | 现在大家都知道了 因为几乎每份报纸的头版 |
| 481 | lead story in the media that there are issues on AI safety | 媒体主要报道AI安全问题 |
| 482 | that will need to be solved and addressed. | 需要加以解决。 |
| 483 | And you're optimistic that we can figure that out. | 你乐观地认为我们可以找出答案。 |
| 484 | I'm optimistic that that the population of the world is going to make sure | 我乐观地认为 世界人口将会确保 |
| 485 | that that's figured out. | 这已经解决了。 |
| 486 | And the journey of exactly how to get there, | 如何到达那里, |
| 487 | you know, doesn't look as neat as it might. | 你知道,看起来不像它那么整洁。 |
| 488 | But I'm confident that we'll be able to address this | 但我相信我们能解决这个问题 |
| 489 | because the technology is so useful and so powerful | 因为技术如此有用 如此强大 |
| 490 | and we'll be able over time to deliver enormous benefits to society. | 随着时间的推移,我们将能够为社会带来巨大的利益。 |
| 491 | Massa is obviously incredibly optimistic about what all this means for humanity. | 马萨显然对这一切对人类意味着什么感到非常乐观。 |
| 492 | Do you share that optimism? | 你赞同这种乐观态度吗? |
| 493 | I mean, you're you're going to have real changes in the whole | 我的意思是,你会有真正的变化 整个 |
| 494 | health care medical area, and you'll see that it'll be profound. | 医疗区域, 你会看到它将是深刻的。 |
| 495 | It'll extend life for many, many people. | 这会延长很多人的寿命 |
| 496 | You'll be able to have individualized education, | 你会有个性化的教育, |
| 497 | and that'll enable anybody with a smartphone. | 那样就能让任何有智能手机的人 |
| 498 | And those are people all over the world. | 他们都是全世界的人。 |
| 499 | People will be able to get remarkable education just tailored to them. | 人们可以得到适合他们的卓越教育。 |
| 500 | What's that going to mean? | 这是什么意思? |
| 501 | What's it going to mean when some period of time, | 如果有一段时间,那是什么意思? |
| 502 | I don't know whether it's 10 years or whatever, | 我不知道是十年还是什么的, |
| 503 | you're going to start seeing robots doing things that you never would imagine. | 你会开始看到机器人 做你无法想象的事 |
| 504 | And that could increase wealth around the world, | 这可以增加世界各地的财富, |
| 505 | free up time for people to do other types of things. | 给人们腾出时间去做其他类型的事情。 |
| 506 | So radical change, major change | 如此激进的变化,重大的变化 |
| 507 | won't come as fast as some people think. | 不会像别人想象的那么快 |
| 508 | There is an evolution to it. | 它有一个进化。 |
| 509 | But when it's all said and done, it will be part of a big step up. | 但是,当这一切的说和完成, 它将是一大步骤的一部分。 |
| 510 | So complicated, but ultimately good for humanity. | 如此复杂,但最终对人类有益。 |
| 511 | Absolutely. | 当然 |
| 512 | So listening to Massa, one thing you heard is that he made a comment | 听马萨的话 你听到的一件事就是 他发表了评论 |
| 513 | about how he thinks about investing and how he thinks about doing big things. | 关于他如何思考投资 如何思考做大事。 |
| 514 | And he said the result is proportionate to the dream. | 他说结果与梦想成正比 |
| 515 | And it made me think a little bit about something | 这让我想起一些事情 |
| 516 | you've been saying for a long time, | 你已经说了很多年了 |
| 517 | where it's just as easy to do small things as it is big things. | 在那里做小事和做大事情一样容易。 |
| 518 | So you might as well go big. | 所以你还是去大。 |
| 519 | Curious to hear how you think about that today at a moment like right now. | 听到你今天在像现在这样的时刻 如何思考这个想法很好奇 |
| 520 | Well, it's always the same. | 总是一样 |
| 521 | I've always believed that that our time is the most precious resource. | 我一直相信我们的时间是最宝贵的资源 |
| 522 | And so if we're going to do something, it should be grand | 所以,如果我们要做一些事情, 它应该是伟大的 |
| 523 | and wonderful and worthy of a full scale effort. | 和精彩,值得 全力以赴。 |
| 524 | Because I've also found that almost nothing succeeds | 因为我也发现几乎什么都没有成功 |
| 525 | without almost a superhuman effort. | 几乎没有超人的努力。 |
| 526 | Big successes don't happen because you dream about them only. | 伟大的成功不会发生 因为你只梦见它们。 |
| 527 | You have to do them. | 你必须这样做。 |
| 528 | And you can't do many of these things with a limited amount of effort. | 你不能用有限的努力做这些事情。 |
| 529 | So I buy into what Massa was saying with that. | 所以我相信马萨的话 |
| 530 | And I've I've always tried to do that here at Blackstone. | 我一直想在黑石镇做这个 |
| 531 | And that's what makes it fun, | 这才有趣 |
| 532 | because you're part of something that's really transformative | 因为你是真正变革的一部分 |
| 533 | on a level, not just within Blackstone, but as part of the world. | 不仅在黑石内部 而且作为世界的一部分 |
| 534 | Well, Steve, always so fun to talk to you. | 嗯,史蒂夫,总是那么有趣 跟你说话。 |
| 535 | Thank you for being here. | 谢谢你能来 |
| 536 | I hope you'll come back. | 我希望你能回来 |
| 537 | And thank you for joining us on this episode of Inside Blackstone. | 谢谢你加入我们的黑石内幕 |
| 538 | Please subscribe wherever you get your podcasts. | 请在得到播客的地方订阅 |
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