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SG Scott Galloway Scott Galloway Professor of marketing at NYU Stern and author of bestselling books including The Four and The Algebra of Wealth.

“I believe the big winner of AI is all of us because I do believe the majority of those companies are going to go out of business. And along the way, we're going to have a big market correction. I'm going to get a lot less wealthy. And you're going to figure out ways to have a better life with AI. That's okay.”

Pivot (Kara Swisher & Scott Galloway) · Tech Strategy & Big Tech · November 2026

“I believe the big winner of AI is all of us because I do believe the majority of those companies are going to go out of business. And along the way, we're going to have a big market correction. I'm going to get a lot less wealthy. And you're going to figure out ways to have a better life with AI. That's okay.” — Scott Galloway, Pivot (Kara Swisher & Scott Galloway)

Context

Pushing back on Kara Swisher about the data center backlash, Scott Galloway says AI shouldn't be judged through a shareholder lens. Just before, he compared it to railroads, which benefited everyone even as many of the companies that built them went bankrupt.

Listen to the episode → More from Scott Galloway → More Tech Strategy & Big Tech quotes →

Transcript

Pivot (Kara Swisher & Scott Galloway) Around 59:33 into the episode
Speaker 2

…the future, and they're spending a trillion dollars on capex. By the way, that's great for the economy. And if they're taking the risk with their companies and their balance sheets to pump a trillion dollars into the economy, we want some of that juice. Every statement. I think what they're worried

Kara Swisher

…they bet the farm on. And the American people's answer is a simple no. This is a dramatic shift in power, a dynamic Silicon Valley never experienced before. It'll be fascinating to see how it plays out, which I think was great. I think that pretty much says it. So speaking of that, I do. I'm sorry,

Speaker 2

can I just, I know you're going to get angry at this. You know who's been amazing at saying no and making everyone feel awesome? What? Europe. And by the way, Anthropic, founded six years ago in America, would be already one of the three most valuable companies in Europe. And here's the thing. We have a tendency to look at everything through a shareholder lens. The railroads benefited all of the U.S. and humanity. And a bunch of companies went bankrupt going at it. Have at it. A bunch of companies went bankrupt and there was a crash in the market with the internet. And we've all done better. No company's made a lot of money really in vaccines. No company's made a lot of money producing jet manufacturer, commercial jet manufacturers. I believe the big winner of AI is all of us because I do believe the majority of those companies are going to go out of business. And along the way, we're going to have a big market correction. I'm going to get a lot less wealthy. And you're going to figure out ways to have a better life with AI. That's okay.

Kara Swisher

As long as it's not decided on by seven of the same men in a room with Trump. I'm sorry. No, I know you love this idea of good

Speaker 2

governance. Absolutely. Have at it.

Kara Swisher

But they don't want good governance. And the Gilded Age was followed by the progressive era. This is where we're headed. I think Ed is 100% right. I'm going to disagree with you and just move along because I'm running this show. That's

Speaker names come from our own diarization. The position is estimated from where the line sits in the episode.

More from Pivot (Kara Swisher & Scott Galloway)

“I speak at journalism schools and the idea that they're still teaching television is insane to me. You look at news on TV and the median age is somewhere between 67 and 70. And people under 30 don't have cable. And so there are no new people coming in and you know how the story ends, right?” — Harvey Levin, Pivot (Kara Swisher & Scott Galloway) “The truth is that this is the first time regular Americans ever wielded leverage over Silicon Valley. For decades, they've been powerless, powerless to monopolization, regulatory capture, and unprecedented societal control. Now Silicon Valley needs the American people's permission for something, not just something, but the very thing they bet the farm on. And the American people's answer is a simple no.” — Kara Swisher, Pivot (Kara Swisher & Scott Galloway)