About this episode
Shark Tank's Kevin O'Leary and political commentator Cenk Uygur go head to head on whether AI will save or destroy the economy, why American politicians are being bought by AI companies, whether Israel is the real force driving America's war with Iran, and why Cenk believes Tucker Carlson is the only person who can save America in 2028. Kevin O'Leary is an entrepreneur, investor, and one of the most recognisable faces on Shark Tank. He is also the founder and chairman of O'Leary Ventures and bestselling author of ‘Cold Hard Truth’. Cenk Uygur is a Turkish-American political commentator and co-founder of The Young Turks, the the longest-running daily online stream in internet history. He is also the bestselling author of 'Justice Is Coming'. They explain: ◼ Whether AI will transform the economy or trigger an unemployment crisis ◼ Why Trump's approval rating has collapsed and whether he can survive the midterms ◼ Whether the US stock market is heading for a crash and what it means for your money ◼ Why the US strikes on Iran are raising the price of everything you buy ◼ How Russia and China are quietly strengthening their alliance and what it means for the West 00:00 Intro 02:17 Why 7 Out Of 10 Americans Now Oppose AI Data Centers 07:06 Why AI Could Trigger A Collapse And UBI Crisis 15:12 Are AI Founders Hiding The Real Risks From The Public? 23:37 Can AI Ever Be Built Responsibly Or Is That Impossible? 31:53 How AI Is Quietly Destroying Jobs 37:17 Why Massive Unemployment Could Arrive Faster Than Expected 46:14 Ads 48:22 What’s Really Happening Between Israel, Iran, And The Middle East 1:11:41 Did Trump Miscalculate How Long This Conflict Would Last? 1:15:29 Ads 1:17:50 Why America Is Rapidly Losing Its Patience 1:28:50 Are We Watching The Rise Of Socialism In Real Time? 1:33:48 Who Actually Has The Edge In The Next Presidential Election? Enjoyed the episode? Share this link and earn points for every referral - redeem them for exclusive prizes: https://doac-perks.com You can follow Kevin, here: Instagram - https://link.thediaryofaceo.com/4dc0x5p YouTube - https://link.thediaryofaceo.com/DCE3vgv X - https://link.thediaryofaceo.com/8irQNO6 You can purchase Kevin’s book, ‘Cold Hard Truth: On Family, Kids and Money’, here: https://link.thediaryofaceo.com/23ZO5Ki You can follow Cenk, here: YouTube - https://link.thediaryofaceo.com/3nx7gGY X - https://link.thediaryofaceo.com/G8cqEC7 Instagram - https://link.thediaryofaceo.com/FFIza3k You can purchase Cenk’s book, ‘Justice Is Coming: How Progressives Are Going to Take Over the Country and America Is Going to Love It’, here: https://link.thediaryofaceo.com/BJHknnM The Young Turks is live 6pm Eastern weekdays on YouTube and get your copy of Justice is Coming on https://link.thediaryofaceo.com/1UqbchE The Diary Of A CEO: ◼ Join DOAC circle here - https://doaccircle.com/ ◼ Buy The Diary Of A CEO book here - https://smarturl.it/DOACbook ◼ The 1% Diary is back - limited time only: https://bit.ly/3YFbJbt ◼ The Diary Of A CEO Conversation Cards (Second Edition): https://g2ul0.app.link/f31dsUttKKb ◼ Get email updates - https://bit.ly/diary-of-a-ceo-yt ◼ Follow Steven - https://g2ul0.app.link/gnGqL4IsKKb Sponsors: Stan - Visit https://coach.stan.store/?ref=stevenbartlett&utm_source=youtube&utm_medium=podcast&utm_campaign=episode8 Pipedrive - https://pipedrive.com/CEO Cometeer - https://cometeer.com/steven for $30 off your first order
Episode summary
I brought you both together to get past noise and into truth on three fronts that matter right now: artificial intelligence, geopolitics, and what’s changing in America; to start, seven in ten Americans don’t want AI data centers in their backyard—why?
New tech always ruffles feathers, but AI can cure disease, expand education, and boost productivity, and you cannot do it without data centers; I’ve seen organized, well-funded pushback in Utah and traced money flows through a web of entities, so we’re handing evidence to authorities and pressing on with plans that include bringing our own power and adding energy back to the grid.
China’s not the issue; the real question is whether companies pay their full costs, because data centers that spike local energy bills are passing the tab to the public, and the bigger iceberg is the layoffs every boardroom is racing toward, which could take out 10 to 25 percent of staff and tip us from recession into a modern depression unless we have a plan.
AI’s own leaders have warned of mass displacement and even floated universal basic income; do you reject an unemployment shock?
I agree developers should provide their own power and strengthen the grid, but I don’t buy an apocalypse—each wave of innovation in America created more opportunity than it destroyed, and we also have a national security race on AI that we can’t forfeit.
Those CEO quotes are blunt about job loss; are they wrong?
Cherry-picked sound bites miss the other half, which is the urgent need to scale compute so we don’t get overtaken; slowing down here won’t stop rivals from pressing ahead.
Forget the robots-eat-the-kids meme; I’m worried about real harms like AI-accelerated targeting in war, and at home a $120,000 coder replaced into a $36,000 UBI life is a cliff, with layoffs already hitting entry roles and drivers next, while markets cheer cost cuts and ignore who buys the products later.
What’s a concrete way to keep building AI while protecting people?
We need rules with teeth, but money in politics blocks basic guardrails, so I expect public anger and will argue that companies profiting from automation should fund robust unemployment insurance and transition support, because if they socialize the costs, they should help pay them.
Doom talk ignores facts: frontier AI firms burn cash today, while new builds create thousands of high-paying jobs without draining local water or power when done right, and if you hike taxes past tolerance, capital and talent will simply move, because confiscatory schemes always run out of other people’s money.
You can threaten to move, but losing the middle class means losing your customers, and investors will profit later from today’s losses even as mass unemployment breeds unrest now, so stop telling people to relax while you cash in.
As a founder, I’m already screening for AI fluency and rethinking entry roles; engineers still solve problems, but the ground is shifting fast.
Humanoid robots are sorting packages for days straight and a robotics wave is coming because intelligence got cheap; if minds and muscles are both automated, don’t many current jobs vanish?
Some tasks should go, but new frontiers create better work: permanent bases on the moon, missions to Mars, space telecom, and off-world data centers will need armies of engineers and operators, so the future looks bright, not barren.
Even if the sunlit future arrives, the people in their fifties who lose trucking or line jobs can’t all turn into aerospace engineers, and the interregnum—those painful years in between—will be brutal without a plan.
Uber’s CEO told me autonomy will replace 9.4 million driver jobs and he doesn’t know what those people do next; let’s pivot to how war is compounding this—public approval is sliding as the Middle East crisis drags on, so what’s the truth?
Affordability is wrecked by this war, and our interests aren’t Israel’s; I see a lobby-driven escalation, land grabs in Gaza and southern Lebanon, and an Iran deal within reach if we focused on reopening Hormuz and verified limits on enrichment instead of letting Israeli red lines set U.S. policy.
What about the claim Iran is near a bomb?
They’re far from delivering a warhead to us, a religious edict bars nukes, and every time a deal nears, new demands appear as strikes widen, while AI-fueled targeting has produced appalling civilian tolls that should make us rethink our tech’s role in war.
Iran’s rulers are a militia funded by oil who brutalize their own people, so the world must block a weaponized program and set neutral policing of Hormuz, with Gulf states footing the bill, which would stabilize prices and end the chokehold on Asia’s energy.
My forecast is grim: more bombing, U.S. forces pulled in, Iranian strikes on Gulf energy, and years of rebuilding that slam the global economy.
This is the first tech war, where cheap drones meet expensive defenses, so I expect more precision strikes, not a ground invasion, and before elections Beijing will likely force Tehran toward a deal because their energy lifeline runs through Hormuz.
We almost had a straightforward swap—open the strait, cap enrichment under monitors—but impossible add-ons keep surfacing, regime-change fantasies persist, and the longer we tie peace to Israeli aims, the further we drift from U.S. interests.
Peace would unlock one of the world’s great consumer markets across the region, and most people, regardless of faith or flag, simply want work, family, and stability, which is why I stay optimistic.
Support for socialism is climbing among the young and trust in capitalism is slipping; are we headed for a more socialist America?
America flirts with socialism every couple of decades and snaps back when people see their first paycheck, and while the pendulum swings, the center that creates jobs and rewards work wins nationally.
Quick 2028 read?
Socialism won’t take the White House; I hope a moderate emerges because extremes and high-tax mismanagement are already driving people out of blue strongholds.
What we have is corporatism, not real markets, so get money out of politics and aim for democratic capitalism like Northern Europe, and with war and AI shocks coming I expect populism to surge—if the right fields Tucker Carlson he’s dangerous, and the best hope is honest populists who put voters over donors.
I’ve admired you both for years, and this was exactly the clash of ideas I hoped for; so many answers land on we don’t know yet, so let’s do this again when the dust settles—until then, we shall see.