jason: and joel weber. tell us about your panel this week. it was interesting. so the theme was artificial intelligence. it was a conference between a venture capitalist and the cofounder of a quantitative hedge fund. super interesting people, people who have been near a.i. for decades now. so they have a lot of fantastic insights. >> what do you think in terms of investment potential? everybody talks about a.i. here in the united states, here in china, around the world. the magazine covers it a lot. >> totally. this was a thing that permeated throughout the conversation. i think the crux of it is they feel like we're still in the early stages of what we're going to see unfold. that's pretty dramatic, when you think of how many places a.i. is infused. you interact with your phone. a.i. there. your financial portfolio probably has a little bit of a.i. and you're only going to see it more. what they're looking at are all the various fields that could potentially be upended by a.i., health care, education. that is sort of a profound idea, because there's a lot of pr

joining us now, joel weber. what is this all about? joel: a chance for you to hang out with edge. as many times as possible. this is a massive dealmaker conference. there is programming on main stages, side rooms. opportunities and big thoughts, but it's a chance for a bunch of important people to get together and figure out how they want to deploy capital. jason: it has been named davos of the west. it is the creation of mike milken, a legendary financier, philanthropist, sort of like being in his brain. joel: that is right. it connects a lot of different pieces. you mentioned that media quotient. there has been a lot of food conversations. crazy stuff like a whole thing on psychedelics. so all of these things converge and creates this high -- when you are thinking about how you are going to invest a lot of money, this is a chance to figure out what the next big thing is. carol: that's what people say. someone in real estate has the opportunity to go to a food or drug panel, something they might not normally attend. joel: that is right. and figure out the entrepreneurs in the spa

joel weber joins me now. so much to choose from in this week's issue. el: it is a company renowned for its products, not only in gore-tex in the jacket, but a ton of other stuff. membranes to the coding that goes in the space station. it is an incredible company for its product but revered in the business community for innovation. jason: i love to the deep dive into culture and we talk about strategy so much and what is going on in a ceo and founder's mind. joel: it is a company written about a lot because of its flat structure and real encouragement in fostering innovation. it doesn't come out with products that often. it is almost like every decade or so, they have a breakthrough and this was an attempt within the company to say all of our product lines have reached maturity. what is our next big breakthrough going to look like? they developed this artificial cornea that will cure potentially certain types of blindness. jason: it is an amazing cover, to say the least. very eye-catching. so much more from our reporter. >> it is a bit of a wonder materia

back with me is our editor joel weber. i love the story. ht, and malone sees this opportunity. when you think about the reach of certain sports, football and soccer huge, basketball is huge. f1 is right up there, it is in all of these different countries. malone saw this opportunity and he is looking for more growth and rivalry. jason: and in contrast to sports you mentioned, this one has some complications. joel: that's right. one of the big problems is that the same team keeps winning, mercedes. mercedes does not have much of an interest in changing things up. for, another winner or or red bull, you have got these elite teams and others and malone is willing to shake things up. jason: there is a big media components to this nsurprisingly. >> john malone, who runs liberty media -- carol: and has done really well. >> around the world, not just in the u.s.. but he just decided i can go and grab this great sports franchise formula one. you think of writing through the streets of monaco with international hobnobbing, it is a great thing. but wh

back with me is our editor joel weber. i love the story. right, and malone sees this opportunity. when you think about the reach of certain sports, football and soccer, huge, basketball is huge. f1 is right up there, it is in all of these different countries. malone saw this opportunity and he is looking for more growth and rivalry. jason: and in contrast to sports you mentioned, this one has some complications. joel: that's right. one of the big problems is that the same team keeps winning, mercedes. mercedes does not have much of an interest in changing things up. ferrari, another winner or red bull, it keeps this kind of stratospheric situation, where you have got these elite teams and others and malone is willing to shake things up. jason: there is a big media components to this unsurprisingly. we have more from editor jim ellis. >> john malone, who runs liberty media -- carol: and has done really well. >> and has done well in the cable industry around the world, not just in the u.s. but he just decided i can go and grab this great spor

joel weber is here. great to have you. el: there's a lot of talk around unicorns, and one of those happens to be uber, which went public and things didn't go so well. we work has confidentially filed ipo paperwork so that might be still to come this year. in the meantime, they are trying to figure out, how can we continue to grow and come up with a way of funding that growth in a different way that we've been doing. jason: what comes out very clearly in this story, is this is a cult of personality. joel: big time. ceo adam newman is larger-than-life, incredibly idiosyncratic, but has built his company from nothing to something. his character is the force that has driven that, but it also leads to some interesting exchanges with our reporter. jason: it does, indeed. we got more from ellen. here she is. ellen: the cover story is about we work and addresses, i think, a few major questions many people have about we work, which is can it make it work? as part of exploring that, we talked about this new fund we work is raising, c

carol: joel weber, thank you so much, editor of business week magazine.ked about automated cars and technology, something that also came up with just edition secretary elaine chao. feels veryident strongly about the need to address our infrastructure. the biggest problem is how to pay for it. the president has already said that everything is on the table. area whereure is one there should be bipartisan support. be long-term policy needs to done on a bipartisan the -- basis. the president has always said that infrastructure is a real priority and we need to talk about it. money there is so much out there, ready to do private public partnerships. they have got to be coming to washington saying let's do something. >> there are private pension funds as well as endowment funds that would love the opportunity to invest in public infrastructure. because they are looking for long-term investment with collateral that won't walk away. that is certainly a government project. i hope that there will be greater interest in allowing the private sector to come in. curren

joel weber joins us now. you and i were talking -- you told me this is an amazing one. love this story. joel: there's really only one option. what we tried to do with this is follow where the money is. there is one guy who has been incredibly good at identifying where the richest in the world put their money. a lot of it has been hidden, so he's basically been a wealth detective who has been able to scour data and reveal how rich the richest people in the world really are. carol: i love you said wealth data because that is what he has done, made that distinction between income and wealth. joel: that's right. and one of the things that was brought to the forefront is this wealth disparity, that income inequality that has become such a big part of the zeitgeist. his data has really been seized by democrat candidates. jason: let's look at this chart. what this shows is the u-shaped -- the rich were pretty rich, the 1%, and they are getting richer again on a relative basis. joel: one of the things he says here -- you notice this u-shape -- this 20th century might have ended

taylor: joel weber told us what to expect.prix saw in 1929 and has been running every year since 1955. i have never been, but our call -- our car columnist has been. this is a crazy, intense experience of cars racing through the streets of monaco. what is it like, how much does it cost? she gave us the rundown, it is really cool. jason: i'm sure you really had to twist or are, please write the story -- twist her arm, please write the story and tell us what you see. it is a nice story, you get a sense of the scale and the high -- highhis a little cotton miss of it all. this is a place where people with outward facing wealth get together, it is not a subtle environment. $8,000 a night hotel rooms. it is famous people, drake, elton john, billionaires, all coming to watch this race which is a real adrenaline rush. it is just a thrill. put this into perspective about how this sort of compares to other races we have seen in terms of the money and what else is involved. >> this brings in about $100 million. there are races all over t

joel weber joins us now, what is the latest? we have covered this for three years. the latest? joel: we always talk about it from a politics perspective, but we wanted to use a politics moment to talk about a business moment. that is an underlying thing with us, and we look at the data and talked to business owners. these effects, long before we have any form of resolution, are being dramatically felt on the strength of the british economy. jason: and it speaks to the strength of the british pound. that has an effect on what things cost for companies. joel: you can see what has happened in the pound, gdp growth is another. 600 million pounds per week have since the referendum basically disappeared. it is about 2.4% smaller than projections would have otherwise been for gdp. so it is like an incredible shrinking economy. taylor: and you wonder how anyone can cope with the uncertainty and what that brings. joel: companies like airbus, who employ hundreds of thousands of people, they can't figure out what they are supposed to do about this. and on the other side of the

back with us, joel weber. tell us about your panel this week. it was interesting. was artificial intelligence. super interesting people. these are people who have been an ai for decades. they have a lot of fantastic insight. carol: what do you think in terms of investment potential? everybody talks about ai. this is the thing that for me interrupts the conversation. they feel like we are in the early stages of what we see unfold. that is dramatic when you think about how many places ai is infused. you interact with your phone. your financial portfolio probably has ai. what they are looking at is all the fields that could be ,ppended by health care education. that is a profound idea because there is promise in its. from a business in points, opportunity but also peril because we do not know how catastrophic these implications might be. jason: huge question and i feel like it came up in a most every major conversation here. not talk aboutt it. now that the u.s. and china are becoming world superpowers on this stage, there is a lot of unknowns. carol: it is the result

editor joel weber joins us. you have been covering this for three years. what is the latest? ays talk about it from a politics perspective, but we actually wanted to use a moment to talk about a is this moment, which is really an underlying thing with this. data andooked at the talk to business owners, these effects, long before we have any form of a resolution in terms of what brexit will look like are , being dramatically felt on the british economy. jason: and it speaks to the strength of the british pound. that has an effect on what things cost for companies. joel: you can see what has happened in the pound, gdp growth is another. 600 million pounds per week have basically disappeared since the referendum. it is about 2.4% smaller than the projections would have otherwise been from a gdp perspective, so it is like an incredible shrinking economy at this point. taylor: and then, you wonder how anyone can cope with the uncertainty and what that brings. joel: what really comes through in this story is companies like airbus, who employ thousands of people, who cannot figure ou

editor joel weber joins us now. you and i were talking and i ask what the cover was an you told me.his is an amazing one. . >> what we tried to do is follow where the money is. there is one guy who is incredibly good where the richest in the world with their money. a lot of it has been hidden. he has been a wealth detective who has been our two -- able to .cour data he has revealed how rich the richest are. carol: you made that distinction between income and wealth. >> that's right. and one of the things that was brought to the forefront is this wealth disparity, that income inequality that has become such a big part of the zeitgeist. his data has really been seized by democrat candidates. jason: let's look at this chart. >> that's right. what this shows is the u-shaped -- the rich were pretty rich, and they are getting richer again on a relative basis. >> one of the things he says here -- you notice this shape -- this might have ended up being something of a blessing. what he is saying is that wealth needs new policies in order for us to actually address what could become a serious

joel weber joins us now.