Pivot · Jun 5, 2026

'60 Minutes' Meltdown, Trump's Intel Chief Pick, and Apple’s Next Big Bet

Automatic transcript of the end of the episode, from 46:58. Speakers are labeled by software and may contain errors. Highlighted passages are Scott’s predictions.

Scott Galloway · 46:58 It. Yeah. Fossil and Swatchbill watches, Apple captured it. Kara Swisher · 47:02 Remember Onkyo, the first wireless earbuds? No. You don't. Scott Galloway · 47:06 I don't. Kara Swisher · 47:06 Yeah. They were... I had them. Oh, yeah. There were a whole bunch of early wireless earbuds, And then Apple came in and and stole it, but it was called Onkyo. I had them. There were a bunch before before the AirPods that that... We showed a bunch of them at at the... Our conference. Scott Galloway · 47:24 This is this is what I think is gonna happen. Meta spent tens of billions, proving people will wear computers on their face. Apple will show up late, charge 40% more, and take 80% of the profits here. And people... The mistake people make is that people think the Valley's greatest business model is invention. It's not. It's letting someone else prove demand. Kara Swisher · 47:47 Yep. Yep. Same thing with the AirPod. They did... They weren't the first of those those music devices. They just were the best. They'll come in with beautiful glasses. They're not gonna need Ray Ban. They'll design something gorgeous, and you'll wanna wear them. Scott Galloway · 47:58 It'll look beautiful. And and if if it's distinctly Apple, Kara Swisher · 48:03 I mean wear them. Scott Galloway · 48:03 I'll wear them. I'll buy Kara Swisher · 48:04 it. And you will totally have, like, 90 sets of them in your house because you'll lose them. Scott Galloway · 48:08 Well, look what I have here. My... One of my eight sets of AirPods that I consistently lose. Kara Swisher · 48:13 And Yep. And remember when AirPods were thought as ugly when they... Anyway, this... They're gonna they're gonna take this area, I think. And if they're and if they shump... It has to be more than cameras. It's gotta give you information and talk to you and record things and everything else. It's gotta have more. I I I have a pair of the Ray Bans. I don't find them useful at all. I I I don't I don't. I just don't. It doesn't doesn't Scott Galloway · 48:33 People like them. My kid my kids do, Kara Swisher · 48:35 but it doesn't work that well with my other... Scott Galloway · 48:37 With my Apple say it's like another one of the wearables that ends up in a drawer. Kara Swisher · 48:40 Yes. That's where it is. And... But I bet Apple could... If they could give me enough stuff to do with it, I'd rather... Like, because I use my AirPods now for everything. Like, I don't ever look at my phone. You know? Anyway. Alright. Let's go on a quick break. When we come back, we'll talk about Trump quietly signing his AI executive order. [Ad break] Kara Swisher · 50:31 Scott, we're back. President Trump has finally signed his AI executive order, and it's a paler shade of white after scrapping a previous version at last minute a few weeks ago. The new order is scaled back version of the original. It asks AI companies to voluntarily submit their most powerful modders to the government for review thirty days rather than, I think, it's ninety day review window. It was in an earlier version. But Trump rejected that, saying it would get in the way of competition with China. The revised order comes after a White House meeting on Monday with Trump, Scott Bess and Pete Hegseth, and former AI czar David Sacks, who gave his blessing to the new timeline. David Sacks had gotten in the way of the previous one. I'll note Sam Altman is in DC this week making the rounds. It's just dumb. It's just... It does nothing, and that's that's my thoughts on it. Your thoughts? Scott Galloway · 51:12 Well, the elites in the Trump administration think the regulation is controversial, but you know who's ahead of them is the American public. Voters don't think it's controversial. This is this is one of the few issues where Republicans, Democrats, parents, unions, and, you know, churchgoers all agree. I think this is the next great populist movement for better or for worse. It won't be anti immigration or anti globalization. It'll be anti AI, Kara. And this is this is an enormous opportunity for a Democrat or a Republican that figures out that the first the the first person that really goes into a populist movement around regulating AI is gonna is gonna have the political equivalent of beachfront property here. This is the next big populist movement. Kara Swisher · 52:02 Yep. I agree with you. I think that's absolutely true. I think you're a 100% true. Anyway, it's a really interesting... But this this one did nothing. This one did nothing. It's a big whole lot of nothing, and David Sacks got his way. Congratulations, Dave. But there were others much more concerned in that administration, and as well they should be. Alright, Scott. One more quick break. We'll be back for predictions. [Ad break] — Predictions segment begins — Kara Swisher · 54:28 Okay, Scott. Let's hear a prediction. I shall go first. Just wanna say Missouri is reducing state funding for Dolly Parton's Imagination Library and Early Childhood Reading Program that mails free books to children. My children get them. They're wonderful. And Dolly went on to complain about this online very... In a very friendly way. But this is a great program, and so reducing funding for kids getting books is the most idiotic thing I've ever seen. And I predict Dolly Parton will prevail here, and the money will get to this group. Your thoughts, Scott? Scott Galloway · 54:59 Well, first, just a comment on that. I was watching Bill Maher, and they asked Neil deGrasse Tyson, who... If aliens landed, who would you wanna speak to that person, or who who would be best selected to to to speak to aliens? And he said a great mathematician would make a lot of sense because he said any alien that gets to Earth would understand math, and that would be our common bridge in terms of vocabulary, which made a lot of sense to me. But I I immediately thought, no joke. Kara Swisher · 55:24 Dolly Parton. Scott Galloway · 55:25 Send Dolly Parton. Kara Swisher · 55:26 Send Dolly fucking Parton. Scott Galloway · 55:28 She's super likable on a lot of levels, kinda represents represents Kara Swisher · 55:32 The best of us. Scott Galloway · 55:33 Pretty well. The first step that went into my mind is that if aliens show up and we need a spokesperson, send Dolly Parton. Kara Swisher · 55:39 That's... I agree. Scott Galloway · 55:40 She can sing. She's likable. She's smart. Smart, charitable. Kara Swisher · 55:46 Tells a good story. Boobs. Scott Galloway · 55:48 Yeah. You know? I don't know. Has... I I won't get into other attributes that kinda represent America. Kara Swisher · 55:53 But talks about them. You can say boobs with her. She talks Scott Galloway · 55:56 about boobs. But I thought, yeah, Dolly Parton. That's who should represent us when he Kara Swisher · 56:00 Well, give her her book money, you fuckers in Missouri. Anyway, go ahead. Scott Galloway · 56:03 So my my prediction is is more boring. I think you're about to see the mother of all capital front running. What do I mean by that? As everyone obsesses over that valuation of OpenAI, SpaceX, and Anthropic, you're about to see... Alphabet's already announced it. The next will be Amazon. Then it might be NVIDIA. Then it might be Apple. They're gonna front run all these guys. They're gonna cut the line and say, you wanna give cheap capital to companies in AI? Our company is lower risk, not as much upside, but much lower risk. Kara Swisher · 56:36 Google just did it. Scott Galloway · 56:37 Alphabet just announced an $80,000,000,000 offering. They're like, if there's a if there's if there's a $250,000,000,000 out there of dumb money or cheap money looking to get into AI, they're cutting the line, and they're gonna suck the oxygen or some of the oxygen out of the room of the IPO market. Kara Swisher · 56:54 You noted correctly. There's not enough money for all of these things. Scott Galloway · 56:57 I saw that from Alphabet yesterday. I'm like, oh my god. That's such fucking genius. Kara Swisher · 57:02 Explain what they're doing. They're they're raising money by Scott Galloway · 57:05 Well, usually, these companies will do a debt offering at this point because they Why did do? Access such cheap debt. But I think Alphabet said, my god. These guys... There's there's people out there willing to invest at 20, 30, a 100 times revenues to buy... Go buy NVIDIA chips and build out AI infrastructure. They're like, I think we'll take that. And so Alphabet, whose CEO or CFO is incredibly smart, said, no. We'll we'll go get 80,000,000,000 of that cheap capital. And it's so smart. It's so kind of... If you will. And and quite frankly, if I'm if I'm Apple, if I'm Alphabet if I'm Alphabet and I have Gemini, and I think, you know, OpenAI and Anthropic are competitors, I'm just gonna kick them in the nuts. Yeah. Yeah. And I'm gonna step on their oxygen line before we've even hooked up. Kara Swisher · 57:55 Deserve it. They are as good. Right? It's not like... Why should they get the money? Scott Galloway · 57:59 Cara, they're better. Kara Swisher · 58:00 They're better. Scott Galloway · 58:01 There's less downside. These companies have a robust Kara Swisher · 58:03 business. The money. Why should Scott Galloway · 58:04 they And they have they have great management teams. Kara Swisher · 58:06 Yeah. Scott Galloway · 58:06 So they've they've Kara Swisher · 58:07 basically Lower risk? Scott Galloway · 58:09 They're front running the IPOs here. I I wish I thought of this. I think it's such genius, but my prediction is Alphabet starting... I bet the CFOs of Apple, Microsoft, Coreweave, NVIDIA have all got their pencils out and have Kara Swisher · 58:26 said get some of Scott Galloway · 58:26 this sweet some of that. Yeah. Why don't we... If there's if there's a $250,000,000,000 on the sidelines waiting to invest in AI, hey. Come over here. I got an idea Kara Swisher · 58:35 for you. My little store. And by the way, have other businesses to support it if you Yeah. Scott Galloway · 58:39 And there's less downside here. If things don't work out in AI, we still got YouTube and iPhones, and we still got PowerPoint. Kara Swisher · 58:46 Yeah. Excellent. Okay. That's a great one. I love that. That's a great one. That's an excellent... That's a definite prediction. Anyway, we wanna hear from you. Send us your questions about business tech or whatever's on your mind. Go to nymag.com/pivot. Submit a question for the show or call 85551 Okay. That's the show. Thanks for listening to Pivot. Be sure to like and subscribe to our YouTube channel. Scott, congratulations on a tour with Ed Elson. — Predictions segment ends — Scott Galloway · 59:07 Thank you, Tara. Kara Swisher · 59:08 Thank you for support. Nice... Of course. Scott Galloway · 59:10 You're a great partner. I really... You you totally made the tour, so thank you. Kara Swisher · 59:14 Thank you. You deserve it. It was a great tour, and it was really nice to see all your fans. They loved you. Anyway, we'll be back next week. Scott Galloway · 59:20 Today's show was produced by Lara Amenzuela, Marcus Taylor Griffin, and Todd Wiseman. Brandon McFarlane engineered this episode. Thanks also to Dubrowz, Mia Savaria, and Dan Shalant. Nishat Curwa is Vox Media's executive producer podcast. Make sure to follow Pivot on your favorite podcast platform. Thanks for listening to Pivot from New York Magazine and Box Media. We'll be back next week for another breakdown of all things tech and business care. Have a great weekend. [Ad break] Speaker · 1:00:31 I'm Josh Muchio, host of the pitch, where startup founders raise millions and listeners can invest. For our sweet season 16, we're giving you more of what you love and less of what you don't. Kara Swisher · 1:00:43 I definitely start to blank out when we're talking about, like, middleware AI wrappers. Speaker · 1:00:48 Software is out. Actual cool stuff is in. We've got consumer brands. We're building Eight Sleep for daytime. Hardware that helps blind people see. Speaker · 1:00:58 They kept asking for middle finger. Next thing we knew, we had, like, 10 students running around flipping each other off. Speaker · 1:01:03 We've got deep tech to change the weather. Kara Swisher · 1:01:05 Our big vision is to make it rain and snow on demand. Scott Galloway · 1:01:08 What if you wanted to not make it rain somewhere else? Like, one day, we're just like, screw Arizona. Speaker · 1:01:16 And dairy? [Ad break] Speaker · 1:01:20 Season 16 of the pitch is out now. Listen wherever you get your podcasts. This season is presented by Engine. [Ad break]