Demis Hassabis, co-founder and CEO of Google DeepMind, told Stanford Graduate School of Business that when he pitched DeepMind in 2010, the business plan was "Step one: Solve intelligence. Step two: Use it to solve everything else." Sixteen years later, he says the "broad arcs" of that plan have gone "unbelievably well." Hassabis, a chess prodigy turned Nobel Prize-winning AI pioneer, is now on a mission to create "the ultimate tool for science," building on his decision to give away AlphaFold, which he says "was obviously the right thing to do." He warns that the most powerful technology humanity may ever create is arriving in "the most ferocious competitive environment" in history atop geopolitical rivalry, and worries about a "race to the bottom" dynamic among top AI labs, calling for "smart regulation" that is "fleet-footed." Hassabis states that artificial general intelligence could have "10 times the impact of the Industrial Revolution… 10 times faster," and that "Ten years from now, I think we’ll realize that we were standing in the foothills of the singularity now." The conversation was hosted by AI@GSB and Stanford Medical School.