May 6, 2026
Palantir Co-Founder SNAPS With Insane AI Regulation Claims As Argument Unravels
Palantir co-founder Joe Lonsdale's argument against AI regulation unravels as he and others, including Kash Patel and Jamie Dimon, try to avoid giving any specific examples to back up their major claims. John Iadarola and Sharon Reed break it down on The Damage Report. Leave a comment with your thoughts below!
- 6 minutes
I have been trying for over two years, feels
like 20 years, to get people to understand
how wildly shady and purely fueled by hype
so many of the new quote unquote technologies
and advancements we're seeing the tech world
uh have been. So that's obviously the vast
majority of AI, but also the prediction markets
as well. So I'm going to present a few more,
[00:00:20]
I think, awesome pieces of evidence. And then
you tell me what you think. We're going to
start off with the co-founder of uh Palantir.
who obviously loves AI and doesn't love government
regulation. Because government regulation is
the only thing standing between him and his
dystopic company from setting up basically
a cyberpunk future for America. So here he
[00:00:40]
is being asked about regulation. Listen, the
FDA has killed millions of people. Let's be
totally clear, right? if there's killed, killed,
it has literally led to the deaths of millions
of people, Andrew. Because basically there's
all these new therapies, especially now, by
the way, with AI. We could be developing. Let's
also hopefully save some money. I like to believe-
[00:00:59]
trade-off's like probably 100 to 1, right? So
there's a very famous story from 60 years ago
where they caught some stuff that was killing
people in Europe and saved them here. And then
they've used that as an excuse to make this
massive bureaucracy that makes it cost 10 or
100 times more to do drugs than it should. Which
means there's tons of these new drugs you could
[00:01:14]
be developing to save lives, they were just
not able to do. I would be investing billions
more to save lives, but I can't. So the equivalent
is terrifying to me. Yeah, yeah, Joe Lonsdale
would just love to develop all these treatments
and everything. just I can't, FDA, it's so
[00:01:29]
expensive. That's why famously, nobody makes
money developing and selling drugs. Pharmacists,
they're just begging for change in the streets.
They're not some of the wealthiest people
in companies in the world. What are you talking
about, you jackass? And by the way, the regulations-
[00:01:47]
Do you know what they would be pumping into
these pills if the FDA wasn't watching? If
psychopathic ghouls like Joe Lonsdale were
in charge of these companies? That's basically
the situation we have now with the regulations.
But this is a guy who doesn't want there to
[00:02:05]
be any government effectively. He wants companies
like Palantir to just have control of everything.
And so what is he comes out and says, the
FDA has killed millions of people. I'm not
going to provide a citation or anything, but
doesn't it feel good the idea that bureaucracies
killed millions of people? That they've already
killed millions of people and also because
[00:02:24]
they're regulating AI, which is not a thing
that's happening. But let's pretend that they're
regulating AI. That's why AI isn't developing
all these treatments that's saving millions
of people. So they've again killed millions
of people. That is what he just said on was
[00:02:40]
it CNBC or whatever? That is utter madness.
If AI had generated some sort of medical treatment
that was saving tons of people's lives, don't
you think you would be thinking of that one
right now? Don't you think they would have put
it into an advertisement? I think I would
[00:02:57]
have read an article somewhere about it. It's
not happening because AI thus far is not capable
of doing that. What it is capable of doing
in the absence of government regulation and
fueled by endless hype is make people like
Joe Lonsdale a lot of money. okay, through
[00:03:15]
hyped investment in Wall Street and also massive
government contracts going to companies like
Palantir, regardless of whether they can deliver
literally anything. And it's easier to pretend
that you're delivering something and not have
to actually deliver when the government really
isn't looking into it, let alone regulating
it. So that's Palantir. And by the way, that's
[00:03:35]
sort of like just baseless vague. allusion to
AI accomplishing great things without any citations
is becoming pretty common. FBI Director Cash
Patel just came out and claimed that AI has
stopped school shootings. I'm using it everywhere.
Again, I am pretty confident that if they had
[00:03:55]
stopped a school shooting, thanks to Grok or
whatever, they would have done a press conference.
What prompt do you type into chat GPT like,
hey, are there any people about to shoot up
a school or whatever? No, man, no, you have
some intelligence, you have some scanning of
[00:04:12]
social media, and you know what? You had that
before anthropic or whatever, it has nothing
to do with AI. And so, in the absence of
achievements, some people like me might think,
should we be investing trillions of dollars
into these data centers that's wrecking our
[00:04:30]
environment, driving up our electricity costs,
using all of our water, destroying people's
property values? Or maybe that's just peasant
thinking because the truly intelligent people,
the rich adults in the room, they're saying
it's totally worth it, totally awesome. And
here I point to JP Morgan Chase CEO, Jamie
Dimon, who says, the technology is so powerful,
[00:04:49]
it's worth the trillion dollar investment.
He was at an event with Anthropic, and he
stood next to Dario uh Amadei, the CEO of it,
to say that this AI build out is worth every
one of the trillions of dollars they're investing
in it. And why wouldn't he believe that? The
[00:05:05]
dollars are going to him. It's going to Anthropic.
They're making massive money fueled by the
bubble that we're in right now. They profit
more and more the longer the bubble goes before
it bursts. And by the way, even if it bursts,
this is Jamie Dimon. I'm sure he's quite
[00:05:23]
confident that if it bursts, people like him
and the CEO of Anthropic are going to be bailed
out. That's literally what happened the last
time Jamie Dimon was inflicted on our society.
It's certainly gonna happen if Trump is in charge
when the bubble bursts and probably if a Democrat
is too. And so they make money either way if
the bubble maintains, they're making bank.
[00:05:44]
And if it bursts, they're just going to be bailed
out anyway. And so you'll forgive me if I have
to take with a massive grain of salt that I
think is well deserved their advice to just
sit there and let them cover America with their
stupid data centers. You know what to it has
always been about taking on the corrupt greedy
establishment. For us, it's the corporate media.
[00:06:04]
We've been fighting that fight for over 20 years.
For the cell phone industry, it's the same
story, a handful of massive corporations ripping
you off. That's why we're partnering with Noble
Mobile. They're the only wireless company with
the same mission as ours, to fight back. Their
Noble plan offers unlimited data for just $50
a month. But here's the best part, for any
[00:06:22]
data that you don't use, you get cash back.
Real money you can spend however you want.
Stop letting your unused data pad the pockets
of billionaires. With Noble, you take control
over your data. And by switching to Noble, you're
directly supporting TYT in our mission of bringing
you honest, independent news. So give Noble
a try and make the switch today. Scan the QR
[00:06:41]
code on the screen now or visit go.tyt.com
slash plan. That's go.tyt.com slash plan.
Now Playing (Clips)
Episode
Podcast
