"I think we can build something much, much bigger than what we've already built, and I think that it can be one of the most important generational companies of our time. Almost everybody is significantly mispriced in credit, or over-verified in credit. I want one of the answers to that question-how can AI make people's lives better?-to be: 'It made me dramatically richer in a direct way, because it radically improved my ability to get low-price credit.'"
"The really big thing that happened to us was that we really screwed up as a society when it came to the housing market and the ability to access housing. In the last five years, it's gotten outright impossible. I think of them as having a certain high level of economic anxiety, and I would compress the 80-20 of it down to interest rates and housing."
"We're in a moment where people are extremely pessimistic about AI and what it will do for them-and they're somewhat justified because so many of the early applications have been about optimizing short‑attention‑span entertainment and betting, not improving real‑world economic outcomes."
Millennial CEOs, like Paul Gu, view AI as a means to enhance credit access and improve economic conditions. Gu believes AI can significantly lower credit costs, making society wealthier. He acknowledges the economic anxiety faced by millennials, particularly regarding housing and interest rates. Gu also recognizes the current pessimism surrounding AI, attributing it to its focus on entertainment rather than real-world benefits. He aims to demonstrate that AI can positively impact financial lives, countering negative perceptions.
Read at Fortune
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