---
title: "FUSION with Michael Moe"
slug: "michael-moe-gsv-fusion-with-michael-moe-asu-gsv-2026"
author: "Michael Moe"
date: "2026-04-13 12:00:00"
category: "Premium"
topics: "ASU+GSV 2026, conference transcript, PreK to Gray, Higher Education, Alternative Pathways, AI/ML, Policy"
summary: "GSV founder Michael Moe delivers the opening keynote of the 17th annual ASU-GSV Summit, framing education's transformation through the lens of \"fusion\" -- the convergence of man and machine, learning and earning, physical and digital."
banner: ""
thumbnail: ""
---
> **ASU+GSV 2026 Summit** | Monday, April 13, 2026, 8:30 am-10:30 am | StageX and FusionX

<iframe width="560" height="315" src="https://www.youtube.com/embed/9jDlqPPjnic" title="FUSION with Michael Moe" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

## Speakers

- **Michael Moe**, GSV

## Key Takeaways

- GSV founder Michael Moe delivers the opening keynote of the 17th annual ASU-GSV Summit, framing education's transformation through the lens of "fusion" -- the convergence of man and machine, learning and earning, physical and digital.
- Beginning with a personal tribute to his recently deceased father and Coach Lou Holtz (emphasizing significance over success), Moe traces education from Socrates through Horace Mann to today's crisis: less than a third of U.S.
- high school graduates are proficient in reading and math despite spending over $20,000 per pupil nationally ($42,000 in NYC).
- He presents a vision for re-architected education moving from grade-based to mastery-based, teacher-led to coach/mentor models, and transcript-based to portfolio "belt" systems.
- Moe argues provocatively that LLMs are the greatest EdTech ever invented (noting $60 billion raised for LLMs in 2025 versus $3.5 billion for traditional EdTech) and that the school choice movement -- now supported by 82% of Republicans and 68% of Democrats -- represents an unstoppable shift, with traditional public schools dropping from 90% to 75% of enrollment in 30 years.

## Notable Quotes

> "I think LLMs are the greatest EdTech that have ever been invented... There was $60 billion raised in LLMs in 2025."
>
> — **Michael Moe**

> "If you have 20 students in a classroom, at $40,000 a student, that's $800,000 per classroom... Where's the $640,000 go? The answer is, it gets consumed by the bureaucracy."
>
> — **Michael Moe**

> "The foundational silver bullet for re-architecting our education system is love."
>
> — **Michael Moe**

> "The AI revolution is like air -- it's invisible, it's ubiquitous, and you're going to need it to live. Software ate the world; AI is its teeth, but humans decide what to eat."
>
> — **Michael Moe**

> "82% of the workforce is unhappy. I believe the fusion is finding meaning through learning, purpose through work."
>
> — **Michael Moe**

## Full Transcript

Welcome. For those I am at the pleasure of meeting, my name is Michael Moe. On behalf of my colleagues at GSB, our new partners at HIVE, and our longtime partners at Arizona State University, I want to welcome you to the 17th annual ASU-GSB Summit. This year's Summit is one for the record books. 7,300 plus people, 1,000 companies, 800 speakers, and once again sold out, so thank you so much for being part of this.

You guys can have a little bit more energy than that, but that's okay. So I've had a very significant last 30 days, but before that I just want to talk about, you know, from day one, our goal for the Summit, our North Star, was to give all people an equal opportunity to participate in the future, the foundation of which is access to quality education and knowledge. And back to this 30 days I just had, I lost probably the, absolutely the two most impactful people in my life, my father Tom, who was my hero, and my coach, Coach Holtz. You know, Coach Holtz was here in 2014, and you know, what he really taught me was how to think like a winner in life.

When I asked him to come here and get the Lifetime Achievement Award, he said, look, I promised you if you gave me four years, I'll give you 40, and your 40 years is almost up. But, you know, he did tell me, he said, you know what, he goes, I love having you on the team, because when I put you in the game, I'm 100% certain we're going to win, because I'm only putting you in when we're 30 points or more up. So Coach Holtz, one of the things that he talked about, he looked at things systematically and strategically, and what he talked about is there's three rules on how to be successful in life. You do your best, you do what's right, and you show people you care.

And he showed people he cared, and people showed that he cared when he had his funeral a couple weeks back in South Bend. It was in the middle of a blizzard. Not only was the cathedral packed, but the street in South Bend from the Basilica all the way to the football stadium was lined with people in the middle of a blizzard. It was unbelievable.

But what both Coach Holtz and my dad showed me, it was not just about success. They were both successful. It was about significance. And at my dad's funeral, the dash, if you know me well, you know the dash is something that's always been important to me.

It was interesting, Coach Holtz's son Skip read the dash poem at his father's funeral as well. I'm just going to do it really quickly. I wasn't going to, but I just think the words are very powerful. I read of a man who stood to speak at the funeral of a friend.

He referred to the dates of the tombstone from the beginning to the end. He noted that the first date, first came the date of birth, and spoke of the following date with tears, but said what mattered most was all the dash between those years. For that dash represents all the time they spent alive on earth, and now only those who love them know what that little light is worth. For it matters not how much we own, the cars, the house, the cash.

What matters is how we lived and loved, and how we spend our dash. So it is all about the dash. Success is great, but it's really about significance. So here are some of the most successful people that you've never heard of.

So the first, Hedy Green, they called her the witch of Wall Street. She was one of the wealthiest women in the world, but despite that, she was so mean she wouldn't even pay for her own son's medical care. Crassus was the wealthiest person in the Roman Empire, and I promise you've never heard of him. You've heard of Julius Caesar, you've heard of Cassius, you've heard of Nero, you've never heard of Crassus, but he was the wealthiest person in the whole Roman Empire, which ruled the world at one point.

And Croesus was the wealthiest person in the world, and you haven't heard of him, he was the wealthiest person until Cyrus the Great conquered him. But all you know about Croesus is they have the phrase, you're rich as Croesus, but nobody knows where that came from. Well, it came from him. So here's the most significant people.

You go to chat GBT and you just say, who are the most significant people that ever lived of all time? So it comes back, Jesus, Confucius, Muhammad. What's interesting about all three is they're all teachers. This is Alfred, this is Alfred Nobel.

On April 15th, 1888, he read, opened up the newspaper and read about his own death, obviously was premature, and the headline was, The Merchant of Death is Dead. Alfred Nobel had discovered dynamite, and that's how he got wealthy, so he decided for the rest of his life he was going to be about significance, and created the Nobel Prize. Some of you who have come to the summit over the years have seen Michael Milken speak here. He's certainly somebody who is a hero of mine.

But in the 1980s, he was the original master of the universe. He was making hundreds of million dollars a year. In fact, that's one of the reasons I think he went to jail, because nobody could believe he could make $100 million a year, or $850 million, actually, legally, but he did. So he went to jail, and when he came out of jail, he said, I'm going to take my time, my ability, I'm going to apply it to the two things I think matter the most, and that's health care and education.

So he started Knowledge Universe, which has done many, many things many of you people are familiar with. He also, in health care, you know, he was so successful with faster cures, Fortune wrote an article about the man who changed medicine. He basically reimagined, re-architected the whole health care system. Now, if you go to Washington, D.C., they just opened up the Milken Center for Advancing the American Dream, which, by the way, is all about education.

It's educating what the American dream is about, and how you reach it. So, big ideas don't always find a receptive audience, particularly in education. This is Socrates. You know, Socrates taught Plato and Aristotle, and he killed them.

What's the purpose of education? Well, according to Socrates, 2,500 years ago, the purpose of education is to create wisdom that leads to a purposeful, virtuous, and happy life. So, 500 years ago, you worked and you died within five miles of where you were born, and then came your, and your future was basically your parents' past. So, effectively, you know, your success depended on how well you selected your parents.

The Gutenberg Press was introduced and invented in 1439, which radically transformed society. As we all know, over the next 100 years, literacy rates went up six-fold, and mobility took off. Social mobility, economic mobility, geographic mobility, and that was the world that became just because of that one disruptive technology. This is Horace Mann, who in 1837, reimagined and really invented the universal public education system.

And when we talk about invented, what he did was a lot of innovation, a lot of inventors do. He borrowed from other ideas, and he basically integrated it into one solution. Steve Jobs said, a good artist's copy, great artist's steal. And Steve Jobs would know because he stole that quote from Pablo Picasso, who said it first.

But what Mann took, he slipped what's going on in the Prussian public education system, with John Locke and the Enlightenment, where education is a right. Protestant reformation, morals and citizenship, this came out of an agrarian economy. At the time, you were seeing this shift taking place, but still, nearly half of workers were still farm-related. We had this new era that was the industrial economy that was changing everything.

So he put that all in a mix, and here came the common schoolhouse, which is what, you know, which is his creation. What was the purpose education that he set out when he created this? Same purpose that Socrates had 2,000 years before. The purpose of education is to create wisdom that leads to purposeful, virtuous, and happy life.

Additional things he tried to incorporate was to prepare people for this industrial economy with reading, writing, and arithmetic, plus the additional bonus narrowed the gap between the haves and have-nots. And for a while, it worked, until it didn't. In 1960, the U.S. public education system was the envy of the world, primarily through the access that had been created. The world changed just a tad since man's original design and technology.

We obviously have the telephone, automobile, airplane, PC, cell phone, the internet, cloud computing, smartphone, generative AI, just to name a few disruptive technologies that happened in that time period that this original education system was designed. And we also went through these different areas from the industrial economy to the information economy, the knowledge economy, where you knew your education made the difference for an individual, a company, and for that matter, a country.

of the new era that we're entering, the AI economy. We also back this issue between the haves and the have-nots, despite what the intent was. Actually, the inequality gap is the greatest that it's ever been.

This is Thomas Piketty's formula, basically when the rate of capital is higher than the rate of economic growth, the wealth, the richer get richer. So just to make a comparison, think about system design and re-architecting something. You say, if you look at the purpose of transportation, what's the purpose of transportation? To get from point A to point B as fast and as safe and inexpensively as possible.

So what that looked like in 1850 was a horse and buggy, right? That was the transportation of the day. By 1908, you had the Model T. Henry Ford said, if I asked people what they wanted, they would have said faster horses.

You know, Waymo in 2025 looks like this. What's coming, the car of the future, doesn't have a steering wheel, doesn't have mirrors because you don't need it. It basically looks like a pod. And by the end of this year in Dubai, you're gonna have flying taxis.

The point being, the goal, the purpose of transportation hasn't changed, but technology and society's needs have changed. So here's the schoolhouse that man was part of designing. Here's the schoolhouse today. So despite all the technology and all the changes that have gone on in the economies and the needs, you know, just haven't seen the changes that you'd expect.

Ernest Hemingway said, how do you go bankrupt? Two ways, gradually, then suddenly. And I think we're at that inflection point. Right now, you have four in 10 fourth graders read below grade level.

Four in 10 fourth graders are proficient in math. High school graduation rates, the good news, all-time high of 87%. The bad news, less than a third of high school graduates are proficient in reading and math. Look at spending, it continues to grow.

We're spending now, on average across the United States, over $20,000 per pupil. In New York City, it's $42,000. And so just to do some simple math and think about that for a second. So if you have 20 students in a classroom, at 40,000 a student, that's 800,000 per classroom.

If a teacher made 80,000, and we usually, when I say that, people laugh because teachers don't, on average, make that much, not even in New York City. And then you throw in technology and books and other things, let's say that's another $80,000. I mean, where's the $640,000 go? And the answer is, it gets consumed by the bureaucracy.

So you can't think of another service industry that exists in the world, where over 50 cents of every dollar is spent outside of where the service is being rendered, unless the government supports it. So the first charter school happened in Minnesota in 1991. That was a answer, was meant to be an answer to some of these issues, how to unlock some potential through getting rid of some of the regulations and some of the governance that went in place. In Minnesota, which seems to be where all the crazy ideas get started.

Just kidding, I'm from Minnesota originally, so I can say that. Steve Jobs said, most overnight success take a hell of a long time, and this movement, the school choice movement, sure has, but it's amazing what's going on. Today, you got 82% of Republicans support school choice and 68% of Democrats. Universal ESAs, nearly 75% for both parties.

Charter schools, again, about three and four adults support charter schools. In a country where we can't even agree what day of the week it is, the fact that we have three quarters of the population that wants these changes, I think is a really strong sign. And part of the reason why it's working is that people have this attitude is because the data shows, overall, it's working. Charter schools are outperforming traditional schools in the most recent Stanford study.

And looking at where it matters the most, with poor kids, you're seeing a dramatic difference in terms of what the results have become. So now, today, we have over 8,400 charter schools in the United States, 3.7 million students in charter schools. A good example, BASIS, which five out of the 10 highest rated charter schools by US News and World Report are BASIS charter schools. Back to Rob Emanuel's comment this morning about he didn't like the word reform, he liked excellence.

Well, what BASIS schools, basically, is their vision or their standard is excellence, and they achieve it across all demographics. Charter Schools USA, you're gonna hear from John Hayes in a little bit, 100,000 schools in their high-performing school network. Incredible what John's been able to create there. There's now 726 virtual charter schools, 2.2 million students in micro-schools.

Primary is a great example of a fast-growing, excellent micro-school organization. 3.7 million students in homeschool, 33 states now with ESAs or vouchers, and you got 4.7 million students in private schools. And so, yeah, you look at an example of one of the kind of leading new private schools is Alpha School out of Austin, Texas, where two hours a day is spent doing work, using artificial intelligence as a teacher, and the rest of the day is spent on learning life skills. So add this all up, in the last 30 years, you've gone from traditional public schools being 90% of the student population, today it's 75%, and obviously it's shifting very, very quickly. So we have multiple choices, one of our tracks at the summit, so pick the best school option, traditional public schools, charter school, micro-school, homeschool, private school, all of the above.

We think the answer is all of the above in how we create excellence across the board. Big question, how do we re-architect education? And so I've said this, but I think it's more true today than it's ever been. So many people say, well, gosh, it's so complex, there's so many different issues, it's like whack-a-mole, you hit one issue down and three more pop up.

And I do think, and so there's no silver bullet, but I actually believe the foundational silver bullet for re-architecting our education system is love. Because if we love our neighbors, we love ourself, and that's the vision and that's the passion, that's the purpose we have to it, that's an unbelievably powerful way to start, and that's what makes it all begin. So just megatrends, we look at how we think about creating, we know what the future looks like, is we think about these megatrends, these powerful forces that are changing the landscape before us. So one of these megatrends is school choices booming, dollar following the child, mobile computing, personalized learning, knowledge as a currency, ubiquitous AI, there's 3.3 billion gamers in the world today, invisible learning like Duolingo.

The time spent on digital media has gone from 13 hours a week in 2010 to 13 hours a day. Looking at the average American attention span over the last 20 years, in 2004 it was 150 seconds, today it's eight seconds, a goldfish is nine seconds. And I don't know what this has to do with anything, but I just think it's hilarious. One in four people have a relationship with a robot, and again, I don't know what that means, but it's an incredible stat, and if chatGBT tells me it's true, it must be true.

So the title and the focus of the summit, we call it the power of fusion, because we do think there's megatrends, but then there's these kind of even more powerful forces that are going on, this convergence of these forces that are creating both tailwinds, but opportunities that heretofore we've never seen. So this combination is not man or machine, it's man and machine, learning and earning, you're learning as you're earning, you're earning as you learn. Arizona State has an amazing program called ASU Work Plus, where 8,000 students from ASU are working for ASU while they're going to school there. Physical and digital words, again, it's not, it's this blurring, it's this merging, it's this fusion that's taking place.

Another example out of ASU is Dreamscape Learn, which is used in, started to be used in a lot of subjects, but in biology, the results they've shown have been incredible, because by the way, you can't learn if you're not engaged, what a great virtual reality does is create engagement. Wisdom and data, smarts and hearts, we see the great businesses of tomorrow are gonna have the ambition of a for-profit and the heart of a not-for-profit. And so when you look at the smartest people, what they do is take really complex things and they make them simple, right? That's really hard, that's really hard to do, but just thinking about how that works, so Warren Buffett, arguably the greatest investor of all time, had three rules for investing.

Never lose money is rule number one, never forget rule number one is the second, and then invest in what you know. Looking at, there's three basic primary colors, blue, red, and yellow. Look what Michelangelo was able to create with those three primary colors of the Sistine Chapel. There's five musical notes.

Look at the symphonies that Beethoven was able to create with those five notes, including.

the joy. There's 10 numbers. Look what Bernie Madoff was able to do with those 10 numbers. So looking at the system we came from to the system that I believe can be created, we go from school being a place to the new school being it's being a platform to connect into.

Old school grade base, new school mastery base. Old school teacher led, new school coach mentor expert. Old school college prep, new school life prep. Old school teach the mean, the new school personalized.

Old school was hierarchical, sorry, new school flat and networked. The old school was retrograding, the new school is real-time assessment. The old school you got transcripts, the GPA. The new school you get what I call belts.

You're creating a portfolio representing what you've accomplished in your work. So the goals of this new system is to create purpose and having people have a North Star what they're what they're driving to and learning to. Mastery and creating lifelong advantages. So you've heard me talk about this before but the foundational skills that you're creating for this new school I call the seven C's critical thinking, creativity, cultural fluency, character, collaboration, civic engagement, and communication.

And look at how that works in the system I just talked about in terms of belts. So if you had a white belt in communication maybe it's where you write clearly. Yellow belt communication persuasive writing. Green belt communication storytelling.

Blue belt communication public speaking mastery. Brown belt communication influencing rhetoric. And a black belt communication you can teach and you publish. So this is the youngest black belt in the world he's four years old.

And the point being it's not about your age it's about your mastery right. You know again by the way AI is incorporated in all this. I don't like to talk about AI because it's it's so ubiquitous and visible and that's the way I think increasingly you don't talk about the Internet and it's everywhere. Well that's how it with AI is.

So this new learning dashboard was able to track your belt progress, the skills that you have, your projects, your interest, and we call it your encoded purpose. Looking at this AI companion that is 24-7 and doesn't complain, doesn't get tired of the questions you ask, doesn't get tired of what you're trying to accomplish. You have your tutor, you got your coach, you got your research assistant, and you got your study buddy. Their learning portfolio that you're representing basically who you are and what you know and what you're capable of.

It's public facing, you have a body of work like a github, what your achievements are, and your growth and your growth objectives. So looking at this redesign of an education system, you can't solve the k-12 problems until you solve the zero to five problems. You think again some of these changes have taken place just even in the last 50 years. In 1950 one in seven mothers with kids under five worked.

Today two and three mothers work. If you look at the word gap between poor and wealthy students coming from poor wealthy households, there's a 30 million word gap between the time a kid is born until when they enter kindergarten. It's just one in three children entering kindergarten lack basic skills needed to learn how to read. If you come from a poor household there's a 52% chance that you're gonna be coming to kindergarten behind.

So if you start from behind it's hard to ever catch up and ultimately you might get left behind. In fact 65% of high school dropouts come from low-income families. 70% of the prison population comes from high school dropouts. I believe that prisons need to become prep schools, that's a different subject, but that's part of the design. And so this universal pre-kindergarten only makes sense, it's a basic fundamental right.

I don't know how you can not look at that and say that, you kind of get back to how do you fund it. Well go back to where the money's being spent today and how you can redirect it. So you know Richard Nixon, you know society kind of understood these changes were taking place and you know Watergate was a terrible thing he did but maybe even as terrible was when he beat old universal child care in 1971 because it's obviously something that I think is needed and critical. Richard Heckman, the Nobel laureate economist showed how one dollar invested in high-quality early childhood returned over seven dollars over time.

And so this new model combines AI which is in the background but embedded in everything with some of the great aspects of Montessori which has proven to be a very effective model over time. Looking to this redesign, historically the success algorithm was the more education you had the more money you made. That's been a consistency forever and as a country the greater education attainment a country had the greater GDP per capita. President Obama talked about college for all because he understood you know this economic reality that historically had taken place with getting more school and going to college.

And not coincidentally higher education has been an unbelievable growth market with 250 more million students in higher education today projected to be 380 million by 2030 which I think is going to be a vulnerable number. The cost of tuition has increased 3x, inflation during that period of time and the half-life for skills has gone from 30 years in 1980 to five years today. And for technical skills it's two and a half years. You got 42 million people with student debt reaching 1.8 trillion dollars.

And in 2021 we've seen a trend that is absolutely stunning where college graduates are starting salaries have fallen off a clip. And so is college worth it? In 2011 86% of college graduates said it was worth it. By 2023 it's 42%.

Last year just 33%. In India 67% of college graduates 20 to 29 years old are unemployed. And you look that's not unique to India that's a trend you're seeing around the world that exists in China. Where it doesn't exist is Europe because they have the apprenticeships and so forth.

But it's a trend that's taking place that really is starting to question what is the ROI on college education certainly the way it's currently structured. The fluidity effect we're going to talk about college sports a little bit later tonight but this was a an economic gathering it was economically viable for to have a college sport program because it made money for the university. It also had the added benefit of being able to market for students as well as winning teams got more alumni money. Nick Saban has been calculated that his impact at University of Alabama was 650 million dollars per year when he was the coach.

So we have a panel later tonight we got a bunch of programs in the next couple days we have a private program Wednesday morning about the future of college sports. So we'll save that for later but again I think it all is part of this new dynamic that we're living in. And so we talk about the university higher education going from a place to a platform. Talk about putting the community back into college.

You look at these different constituencies that are all part of this new program that we're in and it's not just the four years the time that you're in college it's a lifelong basis. And how AI integrates into this new community for learners through the fusion concept that we talked about earlier. And this new higher ed ed stack it becomes you know effectively all integrated into one seamless experience. So the universe of the future it looks like Spotify from a standpoint of moving the record label or the record label being less relevant.

Looks like reddit for highly engaged communities micro communities. Tick-tock with quick videos quick quick quick ways to acquire information. It looks like Netflix going from a transaction to subscription. It looks like integrating the chat GBT with the YouTube for having the greatest university in your pocket.

And learning by exploring. So a lot of people you learn the most as you go see other places and things. So there's concepts out there Barrett scholars Chris Whittle's new ventures killing it. You know Minerva, Ben Nelson what they've been able to do create a new university.

Next-gen learning Sam Pollock here somewhere at the conference what he's how he's embedding AI into the online learning experience is a game-changer. So Coursera 197 million students we're going to hear from Andrew Ng and Greg Hart later this week. Again all part of this new dynamic thinking about how to redesign the system. So as I kind of wrap up talking about I haven't really talked about it because I think it's just you know it's everywhere.

We say you know the AI revolution as like air it's invisible it's ubiquitous and you're going to need it to live. So software is in the world AI is its teeth but humans decide what to eat. As my friend Bill Campbell the coach of Silicon Valley once said when we have facts we use facts when we have opinions we use mind. But AI eliminates friction and manufactures time.

that we get is how we apply that.

Is this for good or is it for bad? And I'm very optimistic of what we're gonna see. Adam Smith's pin factory was about, in Wealth of Nations, talked about this. By dividing labor, it was able to increase productivity by 50x.

And so we look at, you know, your left brain is about computing analytics. Guess what? AI's gonna win that war, right? But the right brain has judgment, emotion, creativity.

And back to this man and machine fusion, we think that really is this exciting period that we're in. I call it multiplication by division. So doing what machines do uniquely well versus what, combined with what humans do uniquely well, we're gonna have magic that's being created. The hive enterprise, creating this collective knowledge in real time, we're married with LLMs, money buying everything.

The enterprise of the future, you had a workforce, you're now gonna have a smart force. AI agents become the Air Force. So there's time dividends times the knowledge proliferation. We're living in a time where you're gonna see innovation explode in ways that you can't even imagine.

You might have seen the article in the New York Times a week or so ago about the person who built a $1.8 billion revenue company, just with he and his brother, by using AI agents. As I'm wrapping up, you know, look at EdTech funding. One of the things that the people talk about is when you had this incredible growth from 500 million in 2010 when the summit started, the $20 billion that was reached during the pandemic, then it's fallen steadily, so roughly $3.5 billion last year in AI funding, in EdTech funding, which still is seven times greater than it was, you know, in 2010. But I think part of this is, like, thinking about what this really means.

Because the question I have is why are LLMs not EdTech? And by the way, I asked Chat GPT this question, and I asked Perplex this question, I asked Claude this question, and they all came back with the same thing. And they said, that's a really good question, but basically LLMs aren't EdTech because nobody calls them that. I said, well, isn't LLMs, you acquire knowledge, you apply that knowledge to opportunities or things that you're trying to do?

And they said, yeah, that's a good point, but it's not EdTech because that's not what people call it. Well, that's just, again, it's a circular argument, which is kind of ridiculous, because I think LLMs are the greatest EdTech that have ever been invented. And again, it's not EdTech for EdTech's sake, it's how you accelerate learning and apply that against opportunities on an accelerated basis. There was $60 billion raised in LLMs in 2025.

So Andrew Ng, who, if you do a Chat GPT search and say who's the top AI person in the world, typically will come back, Andrew Ng, he's at the summit on Wednesday, he talked about AI being the new electricity, and again, I think about what does that mean? What we're gonna see happen is that Coca-Cola wouldn't have existed without electricity. And you think about the companies that are gonna plug in to this powerful new electricity, the LLMs, and basically the applications are gonna be created, and the services will be created with that. It's gonna transform learning, it's gonna transfer society as we know it.

So the purpose of education, it's the same. It's the purpose of education is to create wisdom that leads to purposeful, virtuous, and happy life. But 82% of the workforce is unhappy. I believe the fusion is finding meaning through learning, purpose through work. 250 years ago, when the country was formed, Thomas Jefferson talked about life, liberty, and the pursuit of happiness.

This is Arthur Brooks, he's a professor at Harvard Business School. He teaches a happiness class. It's the most popular class at Harvard Business School, which is actually remarkable when you think about it because it's incredibly prestigious school with these people that have achieved all this success, and yet they're not happy. He said that over 50% are going through therapy.

And so what he said, basically, the secret to happiness are two things. Why were you born, and what would you die for? Jim Collins has a book coming out this fall. We had a preview of that book in a call we did a couple weeks ago.

He says, it's titled, What to Make of a Life. He spent 10 years of research, but it basically comes down to what are you encoded to do, and what is gonna make you happy? Mark Twain said, the two most important days of your life are the day you were born, and the day you find out why. So, I started the talk, we're talking about two deaths that happened that were very significant to me.

Well, a little baby is my new grandson that was born three days ago, Lawson. And that's his big sister. And what I'm very confident of, what I'm certainly hopeful of, is that Dash, between 2026 and whatever, is gonna have the most incredible opportunities, the most exciting times that anybody ever could imagine. So with that, make your Dash count.

Thank you so much for being here. Thank you.

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*This transcript was put together by our friend [Philippos Savvides](https://scaleu.org) from Arizona State University. The original transcript and additional summit resources are available on [GitHub](https://github.com/savvides/asu-gsv-2026-summit-intelligence). Licensed under [CC BY 4.0](https://creativecommons.org/licenses/by/4.0/).*
