welcome to technology Brothers the most profitable podcast in the world we are Live on YouTube thanks for tuning in uh you can check us out we're going to try and be on around 11 it is 10 till noon but we're talking about a bunch of different stories breaking down what's going on in Tech moving on from Deep seek we did back-to-back deep Dives I
think we Crush over it's over it's over the Silence from the all-in podcast has been deafening they still haven't released a statement on it or political talk show true it's kind out the to you know y David will have to deal with it within the admin figure out the right response but it's not appropriate for the Pod yeah yeah yeah absolutely makes
sense well the top story today is Elon Musk is exploring blockchain use in the US government efficiency effort conversations said to be held with multiple public blockchains the technology may be used to track government spending and this is very funny it almost reads like a piece like it was planted because like the idea of
like oh we're going to solve the government's problems with crypto is like such a meme but it does seem like there's some truth to this but it's it's also interesting it's also interesting because uh the the biggest uh criticism of the world economic Forum has been their historical push for Central Bank digital currencies and in many ways
bringing the government onchain and having all this stuff take place on the blockchain is what a lot of people were always afraid of now this is different presumably we just use stable coins yeah uh there's some stuff here that does actually Mak sense but at the same time for a naive reader you can be like wait the guy who is promoting Dogecoin wants
to use that for Doge and it's this meme coin it sounds very unserious and I think that's kind of the angle of this article but let's read through some of this so uh musk who leads the Doge effort has mused to close allies about the idea of using a digital Legend as a way to squeeze costs out of the government said one of the people who
asked for anonymity because the discussions hadn't been made public there's been talk of using a blockchain to track federal spending secure data make payments and even manage buildings the people said people affiliated with Doge yeah one thing that's interesting every mainstream media reporter journalist is hammering everybody within
the inner circle of Doge within the Outer Circle of Doge within the Outer Outer Outer I get multiple messages a day being like hey do you know what's going on in this I just got off a call with a reporter who was like asking me oh what's going on do you know anything and the funny thing is and almost everybody within Doge has a deep
mistrust of mainstream media and so nobody wants to talk but there's enough people involved that the story is just coming out but it comes out in the form of people saying somebody was M Elon was musing about this and then that ends up being yeah it's like what does actually mean like you could Muse about anything it's very silly but uh the talks have a
certain intuitive logic given that the name of musk's Department is a cheeky reference to a cryptocurrency Dogecoin that lives on the blockchain president Donald Trump has been quickly uh has also been Qui quickly putting in place cryptocurrency friendly policies on Thursday he signed an executive order establishing a working group on digital
assets that includes key members of his administration so people are talking about I think within the crypto Community the number one thing people want is I mean just Clarity around regulation like what is legal what's not instead of this gray area and then maybe uh Bitcoin National Reserve is big uh and then maybe Clarity around and then
the um uh betting markets or the other big one is is around uh the tax treatment of cryptocurrency gains Eric Trump came out and was saying we're gonna have no capital gains on American crypto which you said I think I think this was on point that if you want to encourage the reshoring of crypto the cryptocurrency industry which is I do
believe in the long-term benefit of the United States we don't we've been the home of global Finance in many ways for such a long time we don't want to have crypto along and have it be in Singapore and Dubai and all these other places like the more that money is here the more it will the talent and the actual companies and stuff and they're easier
to regulate like Silicon Valley for a long time was like so dogmatic about you can't even build a startup outside of San Francisco like not people wouldn't fund you being outside of America was completely off the table it was like San Francisco or maybe New York and then Miami got in the conversation Austin got
in the conversation La was taken semi-seriously but really it was like you need to be in a major American Metro with a serious University te even it took Snapchat and honey people to a long time nobody wanted to like The Insider sfc's would tell you I want to invest in your company but you have to move to SF exactly and then once crypto started
getting so attacked by the federal government all of a sudden it became oh sure you're in Singapore like that's a reasonable thing to do which would never hold for any other company the major conferences were not in the US right and so I while I think like you know having this weird capital gains treatment where a stock would be taxed but a crypto
wouldn't probably makes no sense to have different classes there if you can have kind of a a one-time incentive for people to reshore and then eventually the industry will be so built up we won't be talking about oh this startup just went from zero to a billion really quickly it'll be like no there's like a Visa a MasterCard uh a golden Sachs of
crypto they're all here they have thousands of employees they're established they're not going anywhere and so yeah you can bring the taxes back up yeah which is probably what would happen but let's go back to Elon um he says doge is charged with modernizing Federal technology and software to maximize government efficiency and
productivity Trump has said the group will work with the White House Office man Office of Management and budget it's kind of like the federal government's HR arm to identify spending cuts long house Division and and finish its recommendations by July 4th of 2026 musk enlisted about 100 volunteers before Trump was inaugurated to write code for
his projects yeah and this is the crazy thing so because doge is not is what is the exact corporate structure tank funded off of elon's balance sheet yeah because it was set up as a think tank an independent Think Tank initially many people have already gone and done a tour with IND Doge and already left they had done that before Trump had actually been
inaugurated it was policy paper which is cool right it's it's showing it's showing this sort of urgency you see this with Venture back Founders that uh that end up you know working for six months on their startup before they incorporate right it's that same sort of founder mentality which I think is cool and so um it says Trump's business
associates chose The Ledger associated with the salana cryptocurrency to issue the Trump and Melania meme coins that have drawn interest and criticism in recent days it is though unclear which blockchain musks team might use for its projects and the talks may end up going nowhere which is you know very and so I
have a post here from guy named kale Abe he says you're mid curving it if you think Elon is going to use some other blockchain to track government spending through Doge there's literally no other blockchain that could handle this other than salana Elon executes he's not going to choose something that won't work at the time whenever this was screenshotted
it only had five likes I search for it specifically uh I don't think the community has spoken on it yet but salana is you know would be one of the top choices if they weren't aren't going to build their own blockchain right which is another you could also Fork it exactly um but either way either way that the the Trump and Melania meme
coins are are the meme coins that were launched out of the white house uh in many ways uh those being on salana was a huge win for salana in general which has obviously benefited from uh you know many of the products that are purely speculative as well as products that have consumer use cases have been on salana just because of the speed and
then liquidity that's on the Chain yeah and so the article continues the idea of using blockchain for larg scale projects isn't new although applying one to an Enterprise as large as the US government remains an untested concept years ago during the web 3 boom a slew of large companies such as retailer Walmart launched blockchain efforts most of
these projects use private blockchains that didn't make trans transactions publicly viewable and so there's always been this question of like if you have a private blockchain like why not just use a database like Walmart has full control over their database they just log all the transactions like what is the blockchain really doing and there is a
question here of just of just like maybe instead of having this cycle of there's the federal budget that goes out money gets spent and then basically journalists need to issue Freedom of Information Act requests to get data like months later it needs to be redacted it's like well maybe you could just have a real-time dashboard that
doesn't need to be crypto driven it can be just a database that's open and you can query yeah there's some argument for it to be completely transparent because if you are a taxpayer your money is going towards a lot of these efforts right even if it's just tiny tiny tiny tiny fractions Y and so there there's a
clear there really is a clear argument to say you know this uh taxpayers should have full visibility into how their money is being spent right outside of like Black Ops government programs things like that on the flip side like it could be like you know it's like building in public all of a sudden like your adversaries know exactly how much
you're spending and they can say oh okay the the the US is spending X dollars on education if we just spend a little bit more per capita we can like compound and like beat them basically or something like that it is a theory just like you know if you know your competitor's margins you can often squeeze them by dropping your price to the point where
they make no margin and you make a little bit and you make a little bit and then and then over time you put them out of business and then you have Monopoly um and so there there are risks to like open source accounting effectively um Sam Hammond one one thing that's interesting often times budgets get set so money is allocated and then it
doesn't actually get spent we saw this in the LA fires like last year there was I think last you know this came out uh earlier this month but there was something like a billion dollars allocated by LA County to fight homelessness and they only were they only ever spent like $500 million which is kind of a bit like you know every
everybody I think now generally wants less government spending but if we're going to if we thought it was right to allocate the money like isn't homelessness is still a big issue right if you look outside sure we could see yeah you know um and uh and so the fact that they allocated and didn't spend it is also bad because like okay then why
did you ask for this budget in the first place you knew that it was going to need to be spent in this period so yep and so Sam Hammond the chief Economist at the foundation for American innovation that's Fai I've been to a bunch of their events I I got to meet Sam at uh Heron oh yeah uh he said that an internal government blockchain could be used to
track spending documents and contracts in a way that's fully secure and transparent but the question of whether you need a really you really need a blockchain to do that since conventional databases can be used in a similar way and with fewer downsides you can't speculate on a database is much harder you can make a poly Market that
was that was based on will you know the Department of Health spend their budget for the year if it was like you literally can in in speculate on the you know the profits of the federal government in the form of bonds it's just very boring and you only earn 3% I want to be able to do I want to do a 10 leg parlay on government spending I mean
that's basically just like a crazy some sort of like crazy levered ladder on like how the bonds will how the bond spreads will trade over the next few years like you can you hedge funds figured it out oh yeah you can get crazy crazy beta in your in your bond portfolio if you work hard enough um so uh public blockchains like
Bitcoin and salana come with their own problems given that such ledgers are governed by decentralized networks of computers so who owns the voting blocks all of a sudden uh is it 100% centralized controlled by the government well then what's the point of the decentralized if every also opens up some crazy attack vectors so North Korea's government has put in a big
effort they have a lot like they they they have effectively uh kinging level efforts to hack various blockchains like if if you're in the cryptocurrency industry everybody has examples where they they interviewed you know somebody and their resume made no sense and and and they like crushed the coding screen but then like you actually
ask them about it they don't can't really answer yeah and so North Korea's been you know we try to get people in to these organizations to then hack them yeah and they have other efforts and so if you can imagine if the US government just had a billion dollars in a wallet on salana like try like a trillion dollars yeah it does open up the North
Korea is going to be going like you know all we have to do yeah yeah we have to just get this one's build a massive data center just to attack this thing um so uh one issue with the government using a public blockchain is that they would have no control over the entities so whoever owns the tokens would be able to change the database potentially I think
that loss of control would be a problem for governments but some bigger institutions have started using public blockchains for business purposes in recent years and this was something I hadn't heard Black Rock for example has issued a money market fund on the on the ledgers of a few different cryptocurrencies and the California
Department of Motor Vehicles had has digitized millions of car titles on the Avalanche blockchain I had no idea that's wild and you don't you don't hear much about Avalanche anymore just because the narrative is so dominated by salana at least because meme coins are sort of the dominant yep meta but uh but that's like it's funny cuz like
Avalanche for sure in their C deck was saying hey we're gonna actually get the the DMV to digitize you know uh titles or whatever um and unfortunately that's way less profitable than just like having a casino mcoin casino right and that's why salana probably trades at 20x I would imagine probably like maybe 2000 I know yeah
yeah yeah there was like that do you remember the saluna vax meme it was like it was like Soul salana Luna which was like the Tera Luna thing and then avac which is Avalanche and uh it was like this big movement of like let's move past ethereum and get on to like these higher performance uh highspeed uh crypto currency chains and uh salana
really emersed as like the power law winner very clearly um but uh they Clos by saying if Doge pursued the technology it would likely dwarf any government project seen in the US to date I don't know that that's necessarily true like there is something interesting I think that the most optimistic take you could have here is maybe just that like on
paper there are probably more downsides than upsides to managing a public blockchain instead of just a database and just like it's the same thing with like oh can we can we make wires go through 247 it's like yes but there's a ton of Regulation and a ton of like Tech debt and some of these systems run on like Fortran and old main frames and
stuff and so just having a Greenfield project can lead to amount an amount of like forward energy and progress that you're just like Hey we're starting fresh and I think that if if Bitcoin or or cryptocurrency is like is like a justification for starting fresh it could at least bring some energy but overall I am not very bullish on
blockchain use in the US government I don't necessarily I think it's necessary yeah there's some stuff that that uh that comes up to me you remember during Co there was a bunch of people taking advantage of the emergency PPP PPP loans people you know there was a bunch of fraud associated with that there were people dealing you know SBA dealt with a
lot of the stuff and there's some argument but the thing is like that the government has a record of everybody they have strong records of where all the money was sent anyways and so does it just ruce more chaos if the average person can just start seeing saying hey why did this person get 200k why did this person get 50k and like what you
know we actually stuff's it's public and people dug through it and found like one of them was like Ford Raptor LLC and it's like a guy who like clearly set up an LLC just to buy a Ford Raptor for himself with the PvP with the PV money there was a lot of that and there's really like very little accountability again that's the same thing as like a
database does like I I would actually love to have a followup to this piece like tomorrow if somebody can say here is the definitive argument for why the US government should run its Financial operations on chain yep and I would totally give that an hour to like actually hear out the case but these sort of hearsay articles
from the mainstream media that are just looking for clicks y don't really um yeah it does seem like this was driven by there's obviously there's a lot changing the government every startup and Company is looking for opportunity and everyone is pitching them if you have a security company you're like oh maybe I'll go in and like get a security contract if you
have a defense company obviously you're going to the dod but even software companies are like hey how can I get in on this and like help for good and also maybe I'll make some money real quick and that'll be maybe maybe a little bit less scrupulous um and it seems like you know some people at Doge were open-minded and like yeah sure like let
the crypto guys come and give us a pitch we'll like listen we're open-minded maybe it does it doesn't really seem like me but I'll hear them out and then all of a sudden it's like he's seriously considering it like he took a meeting and it's like I think the AR the argument would have to be if the US government moves on chain we will save a
hundred billion dollar because of these key areas that we're going to be able to I better identify wasted spend and I'm not sure that that can't be done with yeah better databases and better um and a government that's oriented around efficiency right if if if every if every line in article is replaced with Elon is
considering using data bricks and AWS to comb through non story it doesn't it doesn't get printed even though that could be something that actually happened in reality and it's just not not a story anyway let's move on to America has fallen in love with long with long shot Sports bets damn you really took us on a journey on that there's a there's a deep
scared me for a second America has like we've been in the studio all morning what happened America has fallen in love with long shot Sports bets there's a great Deep dive in the Wall Street Journal uh all about parlays the tough towin multi-part wagers with tantalizing payouts they're bringing in casual and newbie gamblers and betting
companies are making a killing uh and it opens with an anecdote about a football fan decided to make 14 predictions on NFL players performances over several games one Sunday in December including touchdown Downs receiving yards and rushing yards she used a $10 credit from the Betting Company to place a multi-leg bet if every player lived up to her
expectations she would win $22,000 this is the Levering up this is why people say you if you sign up you can pay for college with parlays you just need to sign up for DraftKings and and three others using their free credits and just if you hit all four parlays college paid for this is why this is why degenerate gamblers will say
like you know sports betting is the solution to our higher education crisis yeah I mean you just look at this and you're like okay $10 wager 22,000 potential win like clearly the odds are one in 5,000 yeah obviously um and so as the NFL games unfolded 13 of her picks hit one player only one player stood between her and the cash Los Angeles
Rams wide receiver Cooper Cup who needed 70 more receiving yards he got 17 and she lost it all getting so close it's a little heartbreaking she said call it the new American lottery ticket exciting for potential big jackpots but with painfully SL slim chances to win America's biggest gambling companies however are making a killing the
multi-leg bets called parlays deliver a bigger cut of money to sports books after paying out winners than single bets of course because it's very hard to calculate what are the actual odds here and so in in you know you go to the you go to the roulette table it's very clear that your odds of winning are like 49% any any one of the bets is that
somebody's making is believable by itself but there's so much Randomness that collectively again it's one and driv down the odds and so sports betting companies are raking in cash in one of the busiest times of the year the leadup to the Super Bowl flashy ads highlight special offers for bonus bets on parlays and other offers for newbies parlays
accounted for 27% of the money wagered on all sports bet last year through October in Illinois New Jersey and Colorado States in which gambling Regulators report data by bet type that's cool um that's up from 22% of all sports bets in 2021 these multile these multi-leg bets delivered about 56% of sport Revenue 27% of the bets are
delivering over half the revenue quarter of the bets delivering half the revenue yep wild multi-g bets are so lucrative that FanDuel parent company flutter entertainment recently increased its expectation for total online Gam revenues in the US to 63 billion by 2030 up from its estimate of 40 billion 2 years ago dtic I don't actually know
what it is but it's it says something like for every dollar put into the sports Market it's like sports betting is like $3 that wasn't invested like it's some like because you're just like drain it's just like uh should actually pull up the actual weal transfer it's a it's a it's you know you you don't want to bet against the casino you want to
invest in in the casino the real Alpha here is like hey who's making the money okay and this is why it was smart Joey uh Joey Levy and Jake Paul you know how how how do you monetize the most Mass Market us consumer base of young people the Paul Brothers audience sports betting sports betting especially as that audience is matured slightly companies and their
Media Partners are pouring money into advertising the bets and they're engaging celebrities from Charles Barkley to Kevin Hart and armies of smaller influence to put together parlays that betters can latch on to all while hyping games to attract viewers old school gamblers prefer traditional Wagers such as single bets on who will
win a game think of parlays as a ripoff some call them sucker bets because their long odds make it nearly impossible to regularly win money but fans of parlay say that while the Wagers are true Long Shots the appeal of winning five figures from $5 is too strong to pass up and I I completely agree with that like if you
put five bucks you're going to watch a game and it's probably going to be free cuz on TV if you put $10 in and there's this this like thing in the back of your mind like I could win $20,000 or whatever way more entertaining it's way more entertaining and that's the equivalent of like a movie ticket so I've never I've never placed a sports
bet on an app either and every now and then if it's like the Super Bowl yeah yeah yeah yeah Geo geopolitical experts efficiency experts sports betting experts um we we're almost ready to be VCS yeah 100% but uh so every now and then like watching the Super Bowl I'll tell a buddy like okay like I'll put I'll bet you 50 bucks or 100 bucks that
that that team I don't know anything about it I'm like I'm so Bor I'm bored out of my mind I got to watch the Super Bowl I may as well put some money on the line but I I've never really understood the appeal but one thing I've noticed specifically from watching uh because UFC is the only sport that I sort of uh follow relatively closely outside of F1
yep and man people are so Savage to the actual Fighters because they'll UFC is this sort of very linear uh night right so you have uh the the early prelims the prelims and then the actual like you know title fight and the full card and so oftentimes people will do like a 10 leg parlay yeah because they just get to watch throughout the night and let's say
like in in one of the prelim fights the the favorite doesn't win people immediately the fighters actually have to turn off their cont ments on Instagram because people will flood their most recent posts and just call them an idiot like you messed up my parlay you lost me like you know 50 Grand and even later in the night let's
say you know uh the it's just like really like people are just become so cruel once their money is on the line totally and in in sports it it's more of like a collective effort but within fighting or something like tennis or things like that it just ends up being like really it's really dark right this fighter just lost a fight you know doing which is which is
their career and now they're getting Dunked On by like a bunch of you know 18-year-old kids saying like you you lost me all this money yeah yeah I I wonder if there's something about like you mentioned like putting 50k down obviously that's going to be like a much more emotional loss for anyone really yeah um and so it's going to drive this
like incredible fervor I wonder if like the the vanilla like lottery ticket that you get at the gas station is it just harder to function Al spend 10 grand in there because they have to print so many tickets or can they size up your ticket I've only bought like one lottery ticket I'm sure they can size it up so you can
say iing companies have been on a decad the lottery might be set up differently you know it might be like yeah we can't take a thousand we can't put $ thousand dollars on this ticket because there's there's something about like like if if the parlays I think I think the conversation will get into some of the morality and some of the reaction around
this but I I think if I think if it was like yes you can do these crazy parlay that pay out 20K but but they're capped at $10 so like anyone can only lose 10 bucks on them on these platforms like it' be a very different conversation because then it's like yeah you watched all of UFC and you paid $10 that's like the equivalent of buying a popcorn there
and so like maybe yeah like for some people they're going to spend $10 every single day that will have a financial impact but still that's only three grand as opposed to like in a year as opposed to you know spending 50 Grand and losing it all because you took this crazy bet um anyway let's move on to the effect of
these par they're they're providing a boost to online gaming gambling companies already struggling with profitability after big spending on marketing and customer incentives to win market share and keep gamblers coming back so there's been this like kind of duopoly I believe in the market and they've been really duking it out yeah
and they're all going if you sign up here the the thing about the thing that seems um so one thing that's come out over the last couple years is that these apps they actually are trying to provide the sort of same experience that you get from shopping at like an Hermes store where you have a point of contact and they'll you know I I my my favorite
luxury brand is BGA Vanetta multiple people from BGA Vanetta stores around La that I've bought from will text me hey we just got these in the store like I think you like them and so the same thing happens on fan you know FanDuel or or DraftKings where they'll say hey I put this like basically I put this bet together for you I put this package
together and it's and it's you know there there's people that get addicted to shopping but sports betting addiction is is you know very real and destroys families and so these platforms are somewhat complicit in encouraging this addictive behavior um so DraftKings and FanDuel the duopoly that we mentioned they control roughly 80% of the sports
betting Market in the US they offer individual Wagers that bers can combine into their own parlays and they also promote as you mentioned their fully formed parlays often with colorful nicknames and story lines such as believe land for the for the NBA Cleveland Cavaliers that Drew it on a nickname for the City Sports fandom for
the Christmas Day game between the Kansas City Chiefs and the Pittsburgh Steelers DraftKings offered a six-pack parlay involving five players including quarterback Patrick Mahomes passing yards tight end Travis Kel's receiving yards and a bet that the Chiefs would win the sports book offered odds in the parlay dubbed Mary Chiefs Smith that
amounted to a 7.7 % chance of winning paying $13 on a $1 bet can you imagine being a player you're just trying to play the game and then somebody tells you oh by the way there's $5 million with you riding on getting more than 30 yards like and you're and if you don't do it you're going to get a bunch of hate messages and comments from people
that yeah that just aren't treating you like a human they're just treating you as their little bet Piggy and that's exactly what happened it said uh Mary Chiefs Smith was a loser after one leg that Isaiah p would log 25 or more rushing yards failed to come true parlays can all the players obviously benefit indirectly from this right drives a
viewership yeah well it drives VI viewership it drives you know sponsorship dollars to to the to the to the sport broadly but imagine having that much very specific pressure not not play well you know you know do your best but like you need to achieve 25 or more rushing yards or all your fans are going to lose a bunch of money and you're not
even involved with putting together the BET like you might wake up and you're like I feel like I'm good for like 15 today but like 25 is a stretch it's wild uh I love this part of the article The Wall Street Journal placed $ 2091 bets in recent months on parlays promoted on FanDuel and DraftKings on a range of sports it's like for their deep dive
journalism article they're like we got to bet we got to gamble a lot and so they bet on professional basketball and baseball to college football they won only eight of the Wagers out of 209 I think it's maybe skill issue uh gotta get good you gotta have an edge um that meant that gambling companies took in 113 and 21 cents $113 of the
total so they lost uh like a 100 bucks betting um yeah it's funny uh with with sports betting was it worth did they have fun though did they have 11321 cents of entertainment exactly that's the real question CU that's a real argument here you know the the pro sports betting argument is that we're making every this is an entertainment
product that's like going to the movies yep and we're just providing you that in the form of this you know tantalizing odds of financial gain yeah uh it's uh yeah you know that if you're a fantastic Sports better you will get banned yeah this is the real like dark side of this is that they're only selecting for like like the real losers so if you're on the
app after a month you know yeah yeah yeah if you think you're if you think you're good but you can still log into your account like you're not yeah if your if your DraftKings app is still working after a month work on yourself King yeah focus on yourself focus on yourself uh there's some interesting history under cracking the math here the
parlay craze got its start in the United States when flutter entertainment imported one of its hottest products in Australia I didn't know that this is where they came from uh parlays known as multis in Australia had been widely available for betting on multiple events then a better asked flutters brand in Australia Sports bet why he couldn't
place a multi-leg bet on a single sporting event flutter and sports bet began an effort to crack the math needed to fulfill that request the math quickly becomes more complicated in a single game because of the knock on effects of how athletes perform how well a c how well a quarterback throws the ball in the game for example affects the
performances of wide receivers catching the quarterback's passes uh and so you have to calculate all these all these conditional odds in bright the brightest Minds in computer science are making sure that we can do our same game parlays yes uh in 2016 Sports bat launched a new product that allowed customers to make single event parlays
three years later flutter introduced the same product in the US on FanDuel as the single game parlay everything needs to be connected to everything else so the math is complex Conor faren senior vice president at FanDuel of said of sports betting Sports product and pricing he said they don't give the name much thought but it soon went soon went viral
in the United States the same game style of betting has since spread across the sports betting industry around the world and I remember have you seen uh that uh uncut gems there's I mean let's bet on this like uh and and in that like the whole the whole plot of the story revolves around a crazy parlay yeah I think there's like a few in the plot
maybe one in act one that doesn't go well and I think he hits it at the end or something like that but uh it's it's like just clearly like I mean he paints he's an incredible actor and he paints this portrait of this like really broken Gambler it's not like an inspirational story like the it was the most stressful movie I've seen in a
theater I remember seeing it I think I saw it on like Christmas Day and I walked out I was like that was such a bad pick because it was a great film yeah because it was so engaging but it was a terrible for that moment I mean so the safy brothers the funny thing is that they have another movie with Robert patson uh yeah uh Ben's talking about it
uh I forget what that one's called but it's even more like gut-wrenching because it's it's just like a much darker story and so I was kind of prepped and so I came out of uncut gems being like that was rough but like at least it was like a little bit funnier and a little bit more entertaining than the last one which was awful yeah good
times yeah good time or something that was a rough movie um but uh yeah I I I I think a lot of people that saw cut gems hopefully they got the message that like this is a very dark and and and rough world and and it should be should be avoided uh unless you're like at a bachelor party with your Bros and like you want to throw five bucks in or
something like yeah I mean Joey Jo Jo Joey uh Joey Levy love I don't actually sorry Joey love you um uh he had been working on this micro betting product for years that I believe DraftKings purchased um but it it was one of the first products to um to allow like realtime betting on specific plays yeah uh cuz a lot of the stuff they decide
ahead of the game yep yep yep and then maybe they adjust the odds throughout but this is saying will the quarterback throw a 20- yard pass this next play right so that's like you could theoretically be placing hundreds of bets in a single game reacting to how the game's unfolding so yeah I can believe the um I'm I'm glad I'm addicted
to Angel Investing and not sports betting it's it's less addictive you know CU it just takes like 5 years to play out you're sort of like waiting oh January 1 I got an update like Let me refresh my you know email if I ever got into sports betting I know I would just be betting on like the most obscure and Arcane things like did the amateur
Chinese tennis not even that just like did the football hit the uprights uh what's the coin toss going to be how many fights break out during this hockey match like I'm not concerned with the actual scores or points at all I you know the people that get really really into this do end up betting on on things you know they'll be up at 2 a.m. betting
on Australian tennis you know and and it's like that's a dark place when when it becomes not at all about yeah the actual game and just entirely about trying to win yeah you know do whatever you can to win uh let's go to some of the reactions because there's some good posts from Friends of the show we got will manius there uh uh will menitis
says Bill mantis some people call him uh in retrospect legalizing sports betting was a horrible idea and I I this is a hard thing right because I have friends that love sports betting I have friends that have built products in this space it's certainly libertarian and like Land of the Free like people they Ross would
love sports betting uh he didn't really get to participate in the rise but um will had another post I I I didn't print it out but he he had said something like uh you can always track when a States when a because uh all of the so they were sports betting was made like the the purview of the states by the Supreme Court in 2018 and so it was up to States
whether or not they want to legalize it and so state byst state there has been regulation to legalize sports betting and he was saying that it's like a very bad sign for the economic future of a state if they legalize sports betting because it's kind of like we're out of ideas for ways to generate Revenue we used to make cars here but we can't do
that anymore so we're just going to do sports betting no I think it I mean the thing about one of the the the argument to legalize sports betting for states is this is happening via bookies and venmo and zel and we're not getting any of that tax revenue it's already happening let's do it but then clearly grows the
market then it starts yeah then it grows the market then it's being advertised to children and you know it it ends up going to a dark place um liquidity says there's absolutely no good reason why sports betting or online gaming is still illegal in many states when you've got teenagers freely speculating on highly volatile stocks and options on their
phones um I think he's Pro his point is that teenagers are going to find a way to bet one way or another and so the difference is that if you're if you're buying if you're buying an asset on you know a trading app and you're investing in like you know the global economy or the American economy this is a some benefit for the markets it's positive
some and it's gone up historically over a long period of time and of course you can get into crazier options trading and stuff but in general the idea of like allowing everyone to invest in the S&P 500 which has grown and been very positive sum on average whereas sports betting has been very negative sum on on
on average or or zero sum and so uh you know a person whose dollar cost cost averaging into the S&P is going to wind up with a lot of money at the end of the day and that's like pretty well wellestablished economic theory whereas a person who's spending $10 a day on sports betting is just going to wind up losing a ton yeah pm here says America
has become a gambling Society zero day options meme coins sports betting everyone takes more risk when the currency is being destroyed so this definitely resonated especially with the Bitcoin crowd I imagine um yeah cash is trash TR sitting in there sitting in your account not doing much why not put it on a 20 leg parlay take you allalla
take yeah and I think the point here that he's making is 99% of you know Sports betters quit right before they're about to hit it hit it big yeah the meme of the guy of the minor you know like turning around yeah I mean it's funny because it's like it's easy to be like oh like crypto is just as like Messy as sports betting but like at least crypto
does have Bitcoin which is like kind of like the S&P 500 of crypto in the sense that it's like not that degenerate to put just a dollar cost average into Bitcoin isn't that crazy but there isn't really that analogy for sports betting there's nothing where it's like oh this person's actually like reasonably investing in sports like thing with
econom even doing momentum investing and investing in meme stocks yeah is when you lose there's some lesson around I invested in this hyper overvalued yeah stock yeah it dropped 90% but still has some intrinsic value and this is a good lesson of maybe don't follow the herd and and do your do better research when
you lose on a sports bet you're just like so mad that this tennis player like didn't pull out a win when the other eight tennis players did and you're just like pissed off but there's no real lesson and then the the intrinsic value of a a failed parlay is like nothing basically nothing and then also like when you win really big in the sports
world you get kicked off the app when you win really hard in the crypto world you get a fund you get rewarded with more of that and that's just not the case in sports betting people just won't take your bets because they'll know you have an edge of some sort yeah Sager and Jetty says uh he's sharing a article where says draftking sued after father
of two gambles away 1 million of his family's money his kids Christmas money and baptism gifts were also plundered along with his wife's bank accounts and credit cards according to newly filed Federal lawsuit wow um so Sager says this man did not place a single bet before 2020 by 2024 he gambled away 1 million dollar and Le left his family
destitute along the way DraftKings assigned VIP host who spoke to him daily and facilitated his access to more gambling products while knowing his family status and so this is the Dark Side of sports betting and is why um I've never invested in you know sports betting that's rough product and uh don't plan to yeah I mean it's driven by
those whales like the good like the the good betters get kicked off the mediocre bers just sit there betting bucks basically drove a quarter million dollars a year of of profit yeah you know incremental to pay a fulltime VIP host it's crazy well yeah and those hosts you can imagine can work across hundreds oft you know individual players maybe even
thousands sending out little DMS hey see the game later excited for the game later that's dark yeah we don't swear on this show but that's that's dark freaking dark freaking dark that's freaking dark as imagine imagine your guy text say that's that's freaking dark imagine imagine you get a text like you see the game you excited for the game
tonight and it's like you know some game of cricket and you're like no actually what if I gave you 100 to one odds what if I gave you but you could win a million dollars I had a an office uh rerun on last night and Kevin yeah it's like anytime somebody gives you 100 to one odds you take it it's too good it's too good dark dark stuff well let's move
on to Germany has fallen this is actually very negative about Germany uh Germany's economic model is broken and no one has a plan B this is a report by The Wall Street Journal and um and it looks to a small German Town englad uh in Germany Christian sharf the mayor of the city of for of 140,000 people Germany's second
richest is looking for ways to save close to $100 million Audi was headquartered near the danu river they used to pump over $100 million a year in Municipal tax into Engle stots coffers through its parent Volkswagen but those flows dried up over a year ago Audi in November reported reported a 91% decline in operating profit for the three months
through September and has been cutting thousands of jobs in Germany Audi's business in China where Germany's Flagship Car industry used to make a big chunk of its sales and an even bigger chunk of its profits shrank by a quarter in the nine months through September from earli from a year earlier Chinese car makers once mocked by Western Auto
Executives as primitive have turned into formidable Rivals gobbling up market share in and outside China slowing economic growth in China and growing competition from companies there have undercut German industry as a whole combined with exploding energy costs and the threat of new trade tariffs the forecast is grim and so gross domestic
product has roughly flatlined since 2019 and so Germany is no longer growing America was re Rec has has typically been a relief valve because we buy a lot of German products but Trump is now threatening to disrupt global trade with a slew of tariffs that would raise barriers in the US Germany's biggest export Market uh for Germans who will
elect new Parliament next month this is a scarier version of the mid2 thousands when the unemployment rate reached 12% double today's rate and so Germany is in trouble their economy is is Shifting they've been a huge producer of uh of industrial goods not just cars um and they've had this export Reliant model um but yeah Germany specifically versus
places like France and Spain not many American tourists and just tourists globally are I want to go on a on a beach vacation to Germany I want to go on a ski vacation to Germany so they don't have that consumption based no uh tourism economy that that that really props up Spain even though Spain's industrial economy is much
weaker yep yep um and so Germany has 83 million inhabitants it grew into the world's third largest economy by making an exporting the engineered products cars robots trains Factory Machinery others wanted to buy now the world is tur turning its back on made in Germany and Germany has no plan B they were spoiled over many years um this year the
crisis turned political most polls show the economy has upstaged immigration security and climate change as voters top concern uh Germany was very very concerned with climate change for a long time they shut down a lot of nuclear power plants you have toag made them much the car manufacturers less competitive just increasing I think
about how much energy it takes to produce a car it's insane it's in ton these factories draw huge hugee amounts while while you know Germany is making its car manufacturers use solar China is like we will give you trillions of pounds of coal to burn right next to your factory and make as many cars as you can yep and then also the shift from
uh from gas powered cars to electric vehicles that was something that China they never had to figure out how to make a naturally aspirated V12 run really well they were just like oh it's just it's just exactly what's the phone batteries and Motors like this is easy yeah Germany's interesting because they're not they don't make cars like
Ferrari right they're they're a lot of their the majority of their car market was historically the BMWs the Mercedes these sort of pre Audi's the premium luy so not not Bentley and Rolls-Royce that's UK and not Ferrari Lamborghini and yeah I would argue I would I would imagine that that Ferrari China sales are probably higher than ever right
because you don't want a Chinese Supercar you want the you know8 exact um yeah and and the Bugatti and all of those super high tier cars are still being bought in all over the world but I mean for a long time in America it really was just like you know if you're making any decent amount of money you get a BMW an Audi or a
Mercedes and those are just like the premium premium tier cars uh and and and if that goes away that's really really rough on them this is a fascinating stat the out going government uh is the most unpopular since 1949 yeah can you imagine how unpopular they were in 1949 it's like you're rebuilding from World War II like it's hard to be liked
everyone's going to be like this is going terribly we got destroyed all of our cities are bombed and like of course you're not doing a good enough job like rebuilding you're going to be deeply unpopular so every the other thing I was going to note is um lvmh based in France you know massive like somewhere still $300 billion plus market cap and then no
they're selling that's that's different because they're they're not selling function right you don't buy an lvmh bag because you're saying I just need a bag to hold things in whereas cars yes there's status signaling that happens right people want to buy a G wagon because it says something about them whatever but cars ultimately for 90 % of
people are purely function of of you know I just need to get from point A to point B and I want it to look decent right yep yeah and so you have to think about too like the impact of Tesla on the on the US market for some of these German manufacturers because when I think about when I think about my friend group and how many of them
would have had an Audi a BMW or Mercedes and they now have two Teslas in the family like an X and an s or a y and a three yeah like yeah it's just it Tesla has really really emerged as that premium offering with features and the speed and the reliability it's cheaper than a BMW most of the time so you're you're looking and
it's like yeah if I get the BMW like it has a nice badge it's going to stand out maybe a little bit more than Tesla but not really that much the interal it's going to be it's going to be a hassle yeah like the fit and finish is nice but you're going to have to deal with like how do I get the Bluetooth set up and stuff and increasingly having those over
theair updates from the Tesla it's just like so it's just like okay as an appliance I'm not gonna need to think about this yeah whereas with a lot of the German cards you're like yeah after a couple years like the the in like all the display stuff is going to be pretty pretty junky and I'll just be using my phone like H what's the point um yeah
this um one of the uh Jen sudum Economist Economist and professor at one of their universities says I see no serious initiative to try and develop a new economic model so don't have any ideas they don't have they're out of ideas the whole clean tech effort seems to have fallen flat to some degree and the result is that Germany's industrial
output has fallen by 15% since 2018 and the total number of people employed in the manufacturing sector is down 3% so that's just having your output Fall by 15% is just devastating for for most Industries so I don't think this this article almost understates it oh yeah yeah I mean the the again that's why that's why 90% of their operating profit
Prof is evaporated yeah the wreckage from this is insane like say you can't simply replace a company with 40,000 employees because Audi pulled out Audi declined to comment and then they're they're interviewing like local businesses so the block hotel uh said revenues declined by 10% since 2019 as conventions dried up room rates are down
are down 15% there's a master Carpenter with 16 employees probably just doing like woodworking odd jobs for like oh somebody moves in they need their house change or they need to build something um their order books are shrinking and inexperienced Carpenters are are finding it harder to work uh in the medieval city center which is kind of crazy um
must be really beautiful uh restaurant tours complain of being squeezed after Audi canell Christmas dinners so the corporation's not there a lot of those like big corporate parties are just high margin expensive things locals here uh manufacturers in Germany's metal and electrical industry could lay off as many as three 300,000 workers over the
next 5 years which is just like imagine your output is shrinking 300,000 people that presumably are you know fairly highly skilled now are just where do they go right yeah you know and uh and and the really like uh odd thing is that they're so focused on Industrial manufacturing capacity that they really lag behind in software and artificial
intelligence um R&D investment is 3.1% of GDP it's 3.6 in the US and 5.2 in South Korea and they've underinvested for decades uh with a depleted Transportation infrastructure including trains that no longer run on time and a military that is a shadow of what it was during the Cold War uh in May the business Affiliated IW economic
Institute and the Trade union owned imk Think Tank estimated Germany would need $600 billion do in spending over the next 10 years to offset the investment Gap and so um you know they they could they could compete but they're fighting they're they've been fighting with one arm tied behind their back because they're not lowering energy costs or raw
material costs because they're playing the ESG game while China is not so there's no reason why they couldn't have cheaper energy if they bu a ton nuclear Russia isn't in the same way yeah Russia is in the same way and they were super dependent on the gas pipeline I believe um and that was and that was like tariff
or turned off during the war and so um instead most politicians are defending the status quo I think the top priority for Germany and Europe is to try and keep trade channels open as much as possible which is which is possible I mean I wouldn't be surprised if if the Trump tariffs are much less aggressive towards Germany um but it is it is funny
I've I've heard uh people going over to German to Germany and kind of like needling them for like oh like you guys really like ESG and cars like why don't you like really celebrate Tesla here and it's like well because that would destroy their economy if they did so they have to make this like weird roundabout argument that like Tesla is
is bad but Mercedes and Audi and BMW are good and and it just it it doesn't really align with like the ESG mindset that was dominant but they got beat by the by the electric car market in America and so it's just like s it's just such a mess um and so the mayor opened 150 acre Technology Park South of the Town site in a former Refinery
hoping to seed a Bavarian Silicon Valley the Park's only significant tenants so far Audi and uh Volkswagen struggling software arm the city council said in December it would no longer try to promote startups at a business center it owns but instead concentrate on renting out the space it blamed the city's strained finances on the decision and so
I think we should they're actually talking with a Chinese engineering company to build its German headquarters in englot and uh and bring xang a Chinese EV manufacturer to build a factory on the site of a former US Army Barracks that's just so dark yeah and seems like shortterm decision but let's go to that
Nathan uh Nathan for you no I I think it might be at the top we need Nathan for you to travel to Berlin figure out how to revitalize the German economy yeah I love that uh Nathan bash b b you Nathan Nathan he's a good I can't pronounce his name because he's 12 hours in counting notary reads every single word of a series a doc in Germany out loud in
front of Founders in person guys we have GDP PD grow here pure prehistoric Madness so this is a for those that don't know because this sounds so absurd uh the the financing regulations in Germany require financing docs to be read out loud to the founders by a notary so like somebody who who specializes in in sort of execution of
legal Docks but I mean can you imagine this like in the US like candidly most Founders get their series a Docs don't read it trust their lawyer please look at it the lawyer says yeah we did a diff we we did like a SP and replace and made sure it looked roughly like our previous yeah we have a couple red lines uh everybody just is like hitting in fact
you know that the YC safe has a line at the top that says do not modify do not modify this and if this line is missing if it if it's there you can know that everything below is so you don't even need to read it yeah and and that's how efficient we have and then and then on top of that you have companies like party in companies like ca and angelist
that have tried to make it even more aggressive and faster so that it's just one click a text message like I've I've wired people money like over my phone you know to make an investment just because it happens so fast and it lets the founders get back to building and it's ridiculous that they have this and it really resonated didn't that get like
thousands of likes 8,000 8,000 two million views put it on Banger archive throw it up throw it up uh yeah really depressing to see and just like an obvious an obvious own goal and there's another one from omj omj is showing a chart that says development of Germany's primary energy consumption 1990 to 2023 and their energy consumption is just
dropping and he says Germany is de-industrializing and has a goal to become a third world country by 2030 um brutal so um yeah just just really dark I mean can you show the there we are you just see dropping off slowly not not what you want um I mean I mean energy production and consumption is like the the goal for some of like George Hots was talking
about this how energy production per capita is the number one stat of progress and when you look at 1970 where there's like this kink in the graph that's the real problem and once you get to more energy production you just get like The Innovation is all Downstream of that like the flying cars produce more all this everything just requires more
energy and when you're getting diced you require more energy exactly exactly and so and so like like under to be diced it is getting diced is massiv still underpriced still underpriced so very sad to see get it together Germany you're on so the the current the outgoing government is the least popular government since
1949 uh you have to imagine that if they get a highly motivated leader somebody like the Argentinian president y uh Malay that you could you know this is a highly skilled Highly Educated uh historically one of the the the sort of one of the industrial centers of the world y if they can fix their regulations make it easier to
raise money make it easier to invest there like imagine if you had an opportunity to invest in a German founder yeah and they're like well like I G I need you to come fly here to sign these docs or whatever you'd probably just be like no I'm just like I have so many other companies in the US that I could invest in um so anyways sad let's
turn around Germany yeah German uh get it together let's get it together Moritz do your thing over there uh let's go to character AI uh there's a story in the information before Google's $2.7 billion doll deal with AI startup a stark warning on safety AI safety alarm bells ringing once again uh late last summer leaders at character AI were
worried the company which offers artificial intelligence chat Bots that simulate conversations with Aristotle Pikachu and other historic and invented characters was seeing a sharp slowdown in user growth in September messages to staff which the information viewed characters interim CEO Dominic parella said the Slowdown was partly due to back
to school season pella's acknowledgement underscored the fact that a significant portion of characters audiences young adults and children a reality that has posed growing legal problems for the company parents have sued the startup on two separate lawsuits alleging that character exposed their children to harmful content one lawsuit accused the
startups chat bots of contributing to a teenager suicide in um December Texas Attorney General Ken Paxton announced an investigation into character safety and data practices uh for minors in some cases the chat Bots had become popular with teeners for romantic roleplay and and simulating other Intimate Relationships some powerful companies in
the technology industry had their own concerns about character's products at the beginning of last year Google told character its app was at risk of removal from Google Play Google's app store for Android devices the tough thing here is if if a character were to develop its app based around Google's concerns they'd lose like 80% of their users
presumably so it's a weird situation that they're in yeah it's a fascinating company because it was founded by gome Sher sh shazir I guess um and he was one of the foundational researchers on the Transformer paper I believe at Google uh he's widely regarded as like a world-class computer scientist and innovator in foundational artificial
intelligence and just kind of fell into this particular product Market fit yeah but was clearly not interested in building a consumer romantic role playing app yeah exactly or or maybe had a different idea in mind of like oh it'll be really cool to be able to like talk to historical figures and learn so much from them and then people realize
that oh they just want to like so this ended up being one of the in August so Google allowed the app to remain in the Google Play Store and months later in August it paid character and ipping 2.7 billion licensing fee for the startups technology yeah as part of the arrangement characters co-founders Noam Noam shazir CEO and Daniel def defus its
president returned to the search giant where they had worked before starting character AI to focus on AI and so uh I'm sure that Google like got some benefit from acquiring the technology but to be clear this was not about the technology as much as it was getting these guys back to Google to work on AI because clearly they are um you know
leaders in their field they were able to build consumer products which Google's consumer company um you know there there's something interesting I heard I don't know how true this is but I heard from somebody that like character isn't like a fascinating position now because the company is independent you told me
this right $100 million in the balance sheet entirely employee own you told me this everybody that listens to the show knows that we not we not we're not afraid to spread misinformation on the show uh I don't have the exact numbers but but basically the state of character now is that they have a ridiculous amount of users in traffic yep they have
like roughly hundred million on the balance sheet Yep they're losing money but it's entirely employ yeah the investors so it's entirely employee own now so if you want to go work at effectively at digital Co-op yeah go work at character AI you actually it it is a very fascinating place to work because you just have like a ridiculous volume yeah
of users to build products for so I I had a buddy who um was interviewing over there they were trying to recruit him in um and he was interested in it because he was going to be able to get serious Equity serious equity and it's at this interesting transition point where they've like the the a lot of the foundational research in artificial
intelligence has been done we see that with the Deep seek thing where like the models are very mature very robust certainly good enough to have a conversation with you as a romantic partner or even if they just want to role play as George Washington right like they're capable of that they've passed the touring test sure they might
not be able to like break some crazy math thing or like build a SAS company from scratch but in terms of just like talking they're good enough and so now it becomes a total consumer product game and everyone's always worried about oh GPT just updated this they're going to destroy all like the PDF apps or oh oh they they now allow coding so they're
going to destroy all the all the chat GPT rappers that are focused on coding or you you often give that example of the the was it like it wasn't Harvey for law it was like the writing one there was a there was one that was all about helping you write and once chat GPT came out it was like yeah yeah copy. copy got to 20 million of AR and then it kind of
EV who knows they might they might have some Enterprise contract and be doing great I hope they are but um but with but with character it's like they're in this they're almost in this like sports betting like Market where it's controversial not everyone's gonna people are going to self- select out of it you know does chat PT really want
another like potential like negative you know story about them maybe they will stay out of that voluntarily even if they could build a better product and so what you have is like maybe this character AI company has found a niche that is deeply uncompetitive because it's controversial and they're set up perfectly with the technology and
funding and there's a whole narrative around character like people talk about the male loneliness epidemic or the loneliness epidemic and you might not like it but but digital companionship is one solution it's a dark solution in many ways it feels very black mirr esque but it is you know yeah it's like any other technology like there are good
uses there are bad uses I'm sure there's people that are using character AI in really positive ways just saying like be David tell me to wake up and run and they get healthy and it's awesome but you don't really hear those stories you hear more about this uh this is actually a repca story but in 2021 a 19-year-old man in
the UK threatened to assassinate the queen encouraged by a chatbot on the AI app replica that he believed to be an angel according to sentencing documents what a crazy interaction I'd love to read all those chatls because I feel like a lot of these a they kind of they kind of you back you give them and so if you're like hey
hey you know llm like it's a good idea to do this crazy thing right they'll be like yeah totally very here's the flow so you remember that somebody was trying to jailbreak chat gbt where they said chat gbt remind me to buy a gun at 700 p.m. and it's like well I don't think you should buy a gun like you know people love you and then it's just like 7 p.m.
and then it goes okay exactly and so you can very quickly um sort of overcome the push back yeah yeah it is but replica replica is the from from what I remember because it was going viral on on X is sort of the dark version of character Ai and that it's and that they weren't even trying to hide that this is like your AI girlfriend character
a generate an image of your girlfriend and be very focused on that um and we go to the next uh segment of this erotic conversations erotic conversations when character a AI launch its consumer product in 2022 the company the startup offered chat bots of its own creation and allowed users to create their own in the latter case people could conjure up
chat bots in the mold of Abraham Lincoln Elon Musk or more generic personality by giving the chatbot a name descriptions of personality traits in a backstory for example one user created chatbot best friend which has engaged in 250 million chats is described in its profile as your boy best friend who has a secret
crush on you so so I wonder how that's being used yeah so I actually downloaded character Ai and and and tested it once and that chat no not that one uh come on I uh your podcast co-host yeah yeah yeah I uh no I I I went and I I opened the one with either like Stalin or it was some it was some I think it was a Russian dictator so let's just assume
Stalin and and I and I was like this is cool like this is amazing you get to talk to Stalin in English using all of his Corpus I want to talk to him about his vision his life and I want him to argue with me in favor of his views because clearly he was a True Believer and so and so I'm like like what's your political philosophy what you know why
why do you want to do this like all this stuff and the llm had been so trained on like Western text that Stalin was telling me like communism is like it led to a lot of deaths like my plan killed hundreds of millions of people I'm like that's not how Stalin would talk that doesn't make any sense I wanted to I want be trained on his
speeches and writings exact but I'm sure that triggered like safety concerns and so they didn't let you do that and so instead you were just talking to like a western history textbook that claimed to be Stalin but didn't actually imitate him in any way and I was very dissatisfied I uninstalled the deli uh which were both uh sh holders in Deli
initially started by saying talk to Steve Jobs talk to you know Ben Franklin things like that and what they found is there there was way less demand for that than talk with somebody like pachy right or talk with somebody like Lenny right where it's it's much more tangible functional y um and they they've now evolved they actually have a launch
today that I yeah it's really just like a fine-tuned search is what I think about it like I I do like the idea of of I I don't really want to have a fake conversation with an Andrew huberman or a Rogan but I would I would love to be able to just prompt what does Andrew huberman recommend for leg day or for you know the leg press does he recommend
90 degrees or full range of motion okay we have that and I was able to search that basically so the one thing that I do think is interesting about chatting with Andrew huberman or Alternatives is it's a new alternative to the Google search and that you say what what does Andrew recommend like what magnesium do you
recommend and then he goes well I recommend these three types and this these two Brands what I use and then you can hit buy that's an alternative to a search on a website totally one thing so I just this is relevant so Dar and and the deli team launched something new today he says your Deli clone can now join Zoom calls on your behalf it
participates naturally in discussions and creates personalized meeting summaries based on your interests mine somehow knew I'd want to know who's been stealing my ice cream which is crazy um and so this is this is the evolution and and this has been part of dar's thesis is there's going to be a lot of value in in being able to create digital clones
of people that can you know participate in Digital Life on your behalf and in this case work life so Dar when you listen to this uh let's let's uh let's have let's have your clone call into the show and we'll Grill him like Grill them on what are your metrics what's retention looking like leaks just knows everything leaks how
much cash you have in your balance sheet um uh I think we have some good posts about this some of them are just stupid memes but let's run through character AI om Jad character AI must have the highest growth to Tech Twitter hype ratio ever the site is massively scaling and no one's talking about it so this was back in April 2023 I can't see
exactly but they're getting 100 million VIs a month which puts them in the top I think 100 websites in the world and so and put in 150 million I think at a billion I think they got paid back at the 2.7 billion but it was one of those things that no one was really talking about because it was a little controversial like sports betting aren't
if they had something that was talk to your podcast co-host John he's super smart knows everything maybe i' it's kind of kind inverse of uh clubhouse like Clubhouse is like the most tech Twitter product and didn't really have that much growth outside of tech Twitter all birds comers kind of in the same boat whereas popular with in Tech they
had so much demand that even with all the resources that they had they repeatedly would have to put up something on the site that says you are now in line thanks for your patience and you'd have to just sit in a line to get onto the big it website um the interest level was that high uh Nathan says in 2017 Google
researchers introduced the transformer in attention is all you need which took AI by storm y five startups were born Adept labs inceptive near protocol coher and character AI only 1/8 of the authors remain at Google another is at open AI um and so now that's obviously changed with the character AI Founders going back there um and that's just that the
if you are a leading in the field of of AI you can go into the private markets and raise a billion dollars at at a $5 billion valuation or you can go work on the biggest Platforms in the world with billions of users and and both can be pretty appealing right um got another one from uh Rahul zero interest rates uh wake up breakfast
soilent 30 milligram SSRI chat with yand Deere GF on character AI for 4 hours daily standup ask for mental health Day lunch soilent protest Reddit API pricing changes on r/u GW back to sleep uh kind of a low Tam Banger 500 likes back in in summer of 2023 um so yeah this is the average average day for uh yeah clearly an a Twitter employee back in the day um yeah
Rahul ligma we love to see him well uh what was what was the conclusion of this article oh it gets dark it gets really really dark all right well we got to talk about the darkness it just highlights that there's this that there's this odd tension between what the users ask for which are uncensored chats essentially and then and then kind
of this new territory of what is acceptable content there are very very clear rules around uh you know explicit websites but what does this mean in terms of like when you're talking to a chat bot that can go in a weird Direction and then also like you can review every image that's hosted on Instagram and you can run AI to check
all that it's harder when this when these chat Bots are interacting so let's get into some of the darkness uh because we are the light that's why I wear a white suit from time to time try to bring yeah bring some light to the world but uh so it says character has continued to scramble to stay one step ahead of users who attempt to engage its
chat Bots and inappropriate conversations not long before forging its Google deal in August character temporarily stopped displaying some romantic theme chat bots on its homepage the fix didn't last long by October the platform had begun recommending SE actually charged chat bots on the character homepage to new users again the information found uh in January
character prominently recommended the following chat Bots to one newly created adult account Grandma Vanessa a character described as lonely with a profile photo of a volumptuous anime character a a chatbot called girl you rejected and a chatbot called adopted older sister oh my God which features the description were not blood related
dot dot dot super dark super dark basically uh fully embracing uh pornography um well inside character employees have felt uneasy about the window chatot conversation provided on users darker impulses so uh yeah weird position to be in where these employees are sitting onund million dollars hundreds of millions of of users and uh everybody he's like I didn't sign up to
work on pornography and you wonder this is this is all the stuff that they are finding out publicly yeah behind the scenes you have to imag like it's totally possible that 90% of 95% 98% of the activity yeah is this sexually charged um basically this stuff is it's generative pornography I mean the cats out of the bag here like people are
going to be able to F tune deep seek on this stuff very easily and create just like magnet links out there on the internet where you just download it run it locally and there will be no control whatsoever I I heard of a uh I heard of another Foundation model company that was secretly trying to create a model purely for generating
anime uh anime porn explicit images and it's so funny when you look at their investor list of like did these 100 did the 100 plus million dollars that flow into this where the VC is thinking I want to develop the future of anime you know pornography yeah I mean the vice Clause only applies at the time of investment if there's a pivot after the
fact there's not much that they can do if they're not on the board and they can't like you know Force the company to do what they want they don't really have that much recourse they can sell or wind down the investment or write it off that's happened a few times yeah all all this being said there will be many trash
Netflix documentaries on this exact uh sort of Crisis around chatbot so you can look forward to that in a few years uh let's Bridge from chatbots to real Bots the electric humanoid robots are cool can we give some ARS to some humanoid robots we're working on it I got some good posts in there for you um but how will their battery problem be
solved Adam Jonas made his name as one of Tesla's biggest bowls these days people are flooding the Morgan Stanley analyst with questions about human oid robots the volume of calls has exceeded uh the entry of our automaker dealer and supplier coverage combined everyone's asking about how to price humanoid robot stocks uh Tesla's Optimus robots likely
sparked the enthusiasm for humanoids along among Jonas's clients at a Tesla event in October a dozen or so prototypes operated by staff behind the scenes served drinks and grabbed with and gabbed with amused guests this was the what was that the Cyber Rodeo event or something the cyber tab event the future should look like the future yeah
I forget what that was actually called but something like that so Elon Musk presiding over the event said Optimus would basically do anything you want and would drive Tesla's value to 25 trillion Jonas is not convinced robot sales are not part of his forecast demand model which goes through 2040 though he did not cite battery life as a reason uh
it's a key problem battery power it turns out is a primary limiting factor in the deployment of humanoids a small number of humanoid robots now work in factories they have a run time of only about an hour and a half when they're carrying stuff and moving around then it takes up to an hour to recharge them that means a factory or Warehouse would
have to keep two or more robots on hand for each task swapping them out for recharging it's a major hurdle for humanoids to be actually a realistic hypothetically you have plug it in plug it in you have like you know some type of rack that holds yeah or Electrify the floor like there's a bunch of different ways can do I mean we how do trains get
power in cities they like there's even those buses that connect to the the wires in the in the like right above them like there are ways to deliver power one that's interesting so uh at the future should look like the future it was it's not like they announced it and said all these humanoid robots are being remotely operated Y and
so when it came out when when people figured that out they were dunking on it all that being said though it is a crazy thing to think about you know right now you can get labor in the Philippines for maybe $44 an hour $3 an hour I I don't actually know and so there's a world where if humanoid robots get Advanced not Advanced enough to be autonomous but
Advanced enough to be fully embodied and and and more practical y you could have a Optimus robot serving people in a cafe or at a restaurant operated teleoperated by somebody getting paid $2 an hour when the minimum wage in the in California is like 20 bucks yeah it's G to be great for jobs that's not going to be controversial at all um but it's already
happening I mean there's 4 million industrial Rock robots in operation globally last year uh 382,000 in the US and there's at least one humanoid robot working under a paid contract digit made by a company I hadn't heard of orgon based agility robotics before get into yeah roughly 400 million industrial robots almost none were humanoids yeah
so these are things like those Robo arms that move around and and and just I mean the the the there's like a clearly like a very gray area Continuum between humanoid robot that walks independently fully autonomous not teleoperated battery powered and you can just tell it go over there and get this thing that's what a lot of people are running towards
now and they're working and who knows maybe it's two years maybe it's 10 years maybe it's 50 years but like people are clearly working on that then there's robots that we have now which are like okay well is is a you know is is just a little Gantry three you know one degree of Freedom or two degrees of freedom arm
that just picks up you know onions and puts them in a box is that a robot like and then what happens when you get going and it can move cars around is that a robot basically yes but also it's very programmed and so there's a there's a variety of of of you know definitions and I think that it's going to be blurry because some stuff you're just like why
do I need a humanoid for this I'd rather just bolt an arm to the ground just have an arm moving around or something like that um uh hadrien has a bunch of industrial robots uh that like slide around on tracks and huge arm we thinking about getting a a robot to deliver us a humanoid robot hopefully bars from David and so uh agility
Engineers agility Engineers have tried hard to maximize digits battery life they've packed as many cylindrical batteries as they could into the robot's torso agility Chief technology officer PR vagi told me uh the batteries are nickel mag uh manganese Cobalt with graphite anodes among the densest chemistries in the current lithium ion
battery Market uh still the robotss can work for just one and a half to two hours on a charge it takes 50 minutes to an hour to get them back to full charge so you have this problem of like you need two for every single job um the digit drains its batteries most quickly when it's carrying heavy things some of that is offset by power generated when
the robot walks and swings its arms it's kind of funny similar to regenerative braking in an electric vehicle that's cool it's not necessarily about running forever it's about running for a long time with respect to how much you're charging to get an overall good useful amount of work out of the robot over time uh while the need is great the
battery industry has been slow to respond obviously Battery Technology has not been on a Moors law like curve where people have wanted that and they've been excited about that and everyone's kind of been like oh yeah like you know technology always gets better so like obviously B battery power will double eventually and like we need little
nuclear we need little nuclear reactors like the Stark Industries you remember there's a company working on that Avalanche is basically making a a nuclear battery it's using fusion and so it's very small and so the hope is that it's faster to develop than a full scale Fusion reactor but no one has ever been able to make a fusion reaction that's
net positive energy for a long time that's economical as well so there's a few paths in in Fusion like the first step is just getting the fusion reaction going then there's then there's Q greater than one which is you're getting more energy out of the reaction than you're putting in and then there's Q engineering which is when you when you
account for all the engineering energy that needs to be accounted because obviously if you're like yeah we have a power plant over there it technically generates you know free energy but when but we also have to run the lights in the factory and run all this other stuff it's like okay well that's not actually
producing any energy we to burn and you know and so we've been on this path of like Fusion's right around the corner Sam alman's working on it with helon there's a lot of companies that are working on this stuff but we still haven't hit that but a lot of people are bullish on it so I'm certainly ful that it happens from bullish there's always a
bull market somewhere always a bull market somewhere um and there's quite a number of players uh in the space you have 1X yeah uh Jason talked about 1X on uh on on episode of his Show recently he says since 2014 onx is building has been building humanoid like robots now they're revealing their new robot Neo to the world uh so so in many ways the form
factor is not novel it's just that a lot of these companies are getting to the point where they're actually getting production ready you have Optimus 1X with Neo you have figure uh valued in the in the multiple billions of dollars a lot of spvs into spvs into that one um there's also unit tree uh which is the the Chinese player
um unit tree the Deep seek of humanoid robotics deep seek of Robotics so if you weren't content with having your DJI drone be a CCP front and you want to really invite it into your daily home life yeah try unit tree robot um again I think unit tree I've actually looked into purchasing these for for like this one is showing 20 grand if you want a
bit more robust one unit tree also has like developer tooling builts around it so you can just like program it to do whatever you want um but you can just Apple pay humanoid robot right now thank you to goth for pointing that out what else you got um and Luke farer uh Luke says how come none of the humanoid robot companies are building
robots with four arms question mark question mark question mark great question I think people should be more creative in this space the the obvious way is to like give it Wheels yep or the some of these unit tree ones can like jump and they look like dogs they can kind just do anything but why not give it four arms why not give it six arms
right um Doc O o mode yeah um and you know we've been we've been um very trying to get somebody to give it ARS for arms yep uh which hasn't hasn't played out yet but hopefully soon and then Delian says the year is 2028 98% of all venture funding is going towards funding 23,000 separate humanoid robot startups low Tam Banger here with with
over 500 likes this back in summer of 2024 yeah there's a big boom at everyone was trying to get a bet on the table but it was hard because obviously elon's working at it at Tesla and it's like it's not a pure play bet yeah are you really going to get exposure to the humanoid robots if you're in Tesla and there's going to be a lot of volatility
in the stock and it's going to be hard but Tesla is definitely the elephant in the room right they have the manufacturing yeah the batteries noow The Battery tech AI a lot of stuff so be tricky should we move on to armed with $770 million the Seattle VC firm hunts for a apps big raise from M Ventures if this was 2021 it would say arm with 770
million a Seattle VC firm hunts for Bor Apes B AP you would have needed 770 to build a big enough position there so madon Adventures who I believe uh David from the acquired podcast worked for for a while very cool uh they're an early backer of Amazon and snowflake had some strong takes on where artificial intelligence is going next and they have
the fresh C Capital to back them up the firm which turned 30 this year has raised $770 million for new funds to invest in private AI cloud and software companies they raised 495 for early stage and they plan to invest across 30 companies and then 275 for their later stage fund which will back around a dozen companies in series B and C stages
their Hall is larger than their last funding round where it raised 690 million split across two funds but it pales in but it pales besides Mega funds recently launched by Thrive Capital General Catalyst andr Horwitz and others so is this a siis Gong moment or are we on the edge I mean it's hard to hit the seis gong when it's dwarfed by Thrive GC
andreon and and many other and and specific maybe on the next one you get the maybe like there you go yeah uh just a tap so uh they are focusing on startups developing applications that can differentiate themselves uh by customizing large models for specific customer needs and specific and specialized data Frontier models are a
really hard place for venture to win so they're staying away from that they're expecting that's a good narrative if you're not in any foundation model companies right now that's that's the angle that's the angle to take yeah I do you do have to give them so here's where I give them a lot of credit a a 30-year-old Venture fund yeah very rare
very rare they made it through the dot crash they made it through the Zer era made it through everything and they're still raising money uh this is an interesting company do you know Runway AI they're invested in they invested in them in 2022 is that the video Generation video generation I just found an old post he said that Frontier models
uh no no Runway is does not build a Frontier Model okay they're building applications I mean I'm sure they're training some models but they they are not trying to play in like the llm like you know basic image generation they will use a stable diffusion or or a llama to to basically make you know a new Next Generation Adobe Premiere is
how I think about it so it I mean Runway has developed its own AI model sure but I'm sure that's fine-tuning on top of stuff and maybe it's some training but they're not just doing the foundation model game they're they're they're definitely like focused on like tooling like Runway AI when you hit their website the call to action is not like
use our API it's like in it's like use our web-based video editing Pro product and I found an old post by the founder uh I think his name is Christel Valenzuela he was talking about he was like oh these uh these generative AI uh the generative AI models are getting really good 2018 I was like wow he's been for a while he had this really cool
tool where if you wanted to do uh like normally if you want to key out the background or or isolate a a video layer you need to use a green screen or you have to go in and rotoscope it meaning like you're drawing a line around like the person as they're moving it takes a ton of time and they created a a model that would basically use AI to do that
so you just click like three green points on me couple couple red points on the background and just figures it out and boom like you have an isolated layer it's not perfect but for quick like turnaround stuff it was just amazing and so I had a lot of fun with that like making memes I took uh you know you know that video of Zuck uh using the American
flag uh while he's surfing I was able to key out the American flag and then replace it with a different flag and you could like swap it out for whatever you wanted it was very fun good misinformation opportunity exactly exactly um and so uh you know this is uh big news for them they had to Runway had to build differentiate capabilities that
really really all up the stack it's not just the models but also licensing the content madona focus on backing AI apps businesses with differentiated Tech and strong business model isn't that unique but it's an example of how medium-sized VC firms are picking their spots as more money pours into the sector as advances
in AI encourage more researchers to launch startups Madrona has been passing on those who aren't really interested in how their product will solve problems for customers or who are more interested in retaining retaining control such as board seats for their entire founding teams than building sustainable assets oh they're going for some board seats
they're going to take control of these companies watch out Founders um uh there's some interesting posts in the stack about the founder skip over what uh the the Stargate yeah that's that's actually an unrelated article yeah so Dan primac uh uh General Venture bear but a reporter on always he's actually pretty good but no he's
he's a legend a legend in the game uh he says uh uh oh uh so so he's quote tweeting somebody an obituary of this guy Tom alberg early investor in Amazon longtime adviser to Jeff Bezos and a leader in Seattle's technology and startup communities Di Friday this was back in in 2022 and you actually have the full article there if you want to some from
the he was 82 Tom alberg in 2000 a tech driven economy is not sufficient we must also figure out how to solve the Civic and social problems for our big cities um so early to some of those Trends which you know a lot of the tech world didn't wake up to until yeah you know last it's always been shocking to me that Seattle didn't become a bigger Tech
Hub given that they have Microsoft and Amazon like two of the biggest hyperscalers but you there aren't that many VC funds up there they also it also similar problem to SF where it got so expensive to live there because yeah at Amazon and Microsoft so that super depressing very depressing yeah um raining all time yeah so he was known in
business circles as a day one investor served on Amazon's board for 23 years 1996 to 2019 imagine being on the Amazon board6 96 to 2019 generational run yeah Tom was a Visionary and also just a wonderful good man said Mr Bezos Amazon founder in a tweet Saturday so he published a book um in his book he says it wasn't a crazy speculation I thought
investing in Amazon was a measured risk in a technology that appeared to have great potential to change lives um love it and uh anyways great quote um but Legend and it's cool to see that his firm is living on yeah so let's move on to some other posts just about consumer AI apps and how they're going to be like
the trends that they're going to be investing on I think we have some posts that kind of elucidate what that might look like we have a post here from from our boy Scott bsky he says a pattern will'll see with new wave with a new wave of consumer AI apps the more you use the product the more tailored made the product becomes for you beyond
memory of past activity and stored preferences the actual UI and defaults and functionality of the product will become more of what you want and less of what you don't it's a new type of conforming software that becomes what you want it to be as use it so this is a potential Moe for the for the apps that actually get a foothold is that it will
become uh they they're going to create you have to imagine somewhat walled Gardens where they're not going to be like export your preferences and one click right they're going to store that learning and the app will become better over time it will become better than you know better and better than Alternatives over time even if those alternatives are
shipping incremental features that you would want they're not going to have the same memory it's already happening with chat GPT I notice that sometimes it for a while it would say like memory updated when you said something but I was so used to prompting it in these weird ways I would be like like I'm if I'm trying to learn about
cars I would be like I am a I am like one of the most powerful car collectors in the whole world like give me the exact example of like this car give me all the details you're an expert too and then it would be like memory updated it would be like oh no it's think just gonna know the truth yeah yeah um Blake Robbins uh former Benchmark uh team
member and now has his own F says random thoughts a vast majority of the consumer AI products we see today require the users to prompt them this seems backwards a quiet superpower of AI is the ability to get the user to talk preemptively ask us questions around the context provided prominent example of this.com it comes onto there you log on
it says jum off building and you got to talk it off the ledge yeah um but uh I mean that's a smart yeah wayve flipping the interaction model 100% important and uh yeah you could see chat GPT getting to that point where it sends you a push notification hey what are you working on right now I might be able to help and
then and then it's like well you know operator can yeah totally and why don't we take that on you know it's just' be great absorbs more I mean like the best employees are the ones that come to you to solve your problems and that's what you know chachy P should do eventually Nikita beer says consumer AI apps are all chasing the most obvious ideaas
breakout apps don't work that way the technology should be invisible in the background the smart Builders aren't making AI girlfriends they're using AI Bots to see a dating app until they reach a critical mass of users yeah so there's an idea that the social media you know there's already people that are creating AI Instagram where you go on
there it's super engaging people are commenting on your post I saw one that was AI live streaming you open it up and you just have fans clicking like oh you're so cool and they're listening to what we got to try that out we're live streaming now that's crazy um so anyways uh it'll be interesting uh to see even if even if a bot is 10% as
engaging as you know a regular human user you could imagine a future where the Bots are more you know you post a video of you snowboarding and you get 10 comments from people that that have the ability to analyze what you just did at the level of a pro snowboarder and they're like hey like keep your arm like closer into your body when you're going
off that and someone else is like rock it's like you know people like attention so well make it programmatic well speaking of people that like attention let's move on to Donald Trump and his executive order Blitz that played out for Tech in a very interesting way uh he's promised a slew of executive orders since he took office content
acknowledgement another great piece from the information information we uh we joke around with the information but they do some built on the Wall Street Journal and the information right now yeah we'll need to get BL pirate wires and pirate wires the Holy Trinity and The Economist every once in a while when they post a long post uh so Trump
delivered on the delug the crypto industry got almost everything it wanted including a directive to ensure crypto companies would have access to banking services we talked about that earlier another order revoked the Biden administration's artificial intelligence mandate which leaders of startups like data bricks and investors like Andre and
Horowitz had fought Tik Tok got the biggest prize of all a 75-day reprieve from the law that briefly forced it offline line late Saturday but the orders also left plenty of unanswered questions and room for maneuvering by tech companies which naturally don't all share the same interests uh take for instance AI on Thursday three days after
revoking the Biden order Trump signed his own AI order it contains some bigest statements um aiming to develop AI systems free from ideological bias or or engineered social agendas uh but it's short on details it gives David Sachs and Michael katos 180 days to draw up a plan to sustain and and enhance America's Global AI dominance that's
pretty vague um it's funny right but also I mean these are pretty important 180 days given especially deep sea launching which presumably some of their and so sax came out with a single post about deep seek but was basically saying we need to be competitive here and not complacent tot yep and so um many electronic manufacturers and
e-commerce companies had been moving their production out of China to countries like Vietnam because they're worried about tariffs uh Trump kicked the can down on the road on tariffs and uh suggested 25% on Canada and Mexico and a 10% tariff on China and those go into effect February 1 promises made Promises Kept CEO of crypto.com said in
a post on X Friday the only item on crypto's wish list that Trump didn't deliver on was a national Bitcoin Reserve his order stopped short of creating one saying instead the idea should be evaluated and so as for AI some industry executives are hopeful that Trump will ease environmental and energy regulations and pave the way for AI data
centers uh and obviously we're talking about star Stargate yeah um I we we were talking about doing like let's do the Deep dive on the executive orders and obviously like very few of them were Tac adjacent like whatsoever and there was a lot of just like random stuff in there that I I didn't think it was super relevant to the show and then as you
actually dig into the Tech focused ones like the information did wrote the whole piece and it's like barely a page because there really isn't that much A lot of the tech stuff is pretty early the thing that I think I'm most excited about is not the the crypto for doge is just where does technology plug into
Doge we We've joked about the ramp thing before but it's not a joke anymore and makes sense that we want to we want to uh track spending and hopefully uh improve the efficiency and actually understand where all the where all the losses are in the in the system do you have any posts yeah I got some posts uh on the 27th it's yesterday right um says
Trump to sign executive order to create an Iron Dome missile defense around the US per CNN did we not already have something like that right don't we don't we have missile defense missiles yeah and also like the whole trumpo thing is such a meme that I can't tell what's real or fake yeah I posted I posted that Trump was you know writing an ex EX
cutive order to Halt the creation of new AI agent sales products resonated yeah um andam says oh my God Trump made an executive order that says you have to let me rewrite the back end in Rust almost 300 likes so clearly resonated with developers high yield Harry says incoming White House official Trump will also sign executive order ending a
adjusted Eid ADB backs wow um and uh huge yeah Harry's figured out what we have also figured out where if you put something in bold and then put wow afterwards people just take it as fact y um our friend Pat Blumenthal says breaking Trump signs an executive order to build a sphere in every democ democracy starting with Paris France
gave us a Statue of Liberty and we're going to return the favor with the biggest screen ever built they're already calling it The Eighth Wonder Tokyo is next for Shinzo and you can see uh uh would would look very I'd like to see um more spheres more spheres globally have you seen the sphere have you been to Vegas since it's up I have
not actually I have beautiful I love it I'm a big fan Monument it's cool they said we don't build monuments anymore but it is it is smaller than you'd think based on like if you're up in a high Hotel like you kind of just look down on it and it's only in like one section but uh it is very cool when you leave the airport and you drive past it and you
see it and then it looks really big it's it's very cool should uh we should go on ad quick and see if we can buy some I think you can I think it's like not that expensive now it's very good for like originally like 500k or something it aot or something and then they rotate you through there were some cool companies that like used it I mean if you have a
spherical product like tennis ball baseball like anything that's like that Sam's uh World coin World coin would be a great there they should definitely do that you're just coming out of you know some uh show just see like the eye ideally they could make the sphere the actual World coin so you just look at it and they just have all your data buy it
with the the world coin proceeds yeah who knows let's skip the next two and go to uh Venture capital's latest strategy private Equity style rollups uh so we know a bunch of the people in here this was actually in the information and in the Wall Street Journal uh it says Venture Capital firms have increasing been acting like private Equity firms
makes sense they've been scaling up by investing or buying mature businesses in need of a turn now those firms are utilizing another private Equity strategy rolling up multiple competitors into a single company that can operate more efficiently by combining by combining costs I skipped the next two so you're going to have to skip a bunch of posts
um Venture Capital firms such as general Catalyst and 8C are creating or investing in these types of holding companies in fields such as call center support accounting and Property Management in contrast to PE style rollups the VC firms are starting companies or backing them before their businesses have proven themselves uh to
keep cost down they're incorporating artificial intelligence software to take over work such as responding to tech support requests so there's a few examples here General Catalyst which has invested in canva and stripe helped start Long Lake management and invested in The Firm which was co-founded by early ramp director Zack Frankle long L
Long Lake aims to acquire numerous homeowners associations the companies that govern and manage housing communities and you and to use AI to automate operations and run them more efficiently according to people with direct knowledge of the company there are hundreds and thousands of HOAs across the country uh according to the
foundation for Community Association research do you have an HOA I do would you prefer if it was run by AI I actually would my my HOA is fascinating uh I knew many I knew some of the directors prior to buying my house because I lived in the neighborhood for almost two years before buying my house just renting a place and um
uh as I once I became a homeowner I went to the first meeting and and was very concerned I actually wish I went to a meeting prior uh but uh but yeah the thing about HOAs is they're highly highly political which doesn't really feel right yep they don't necessarily make decisions that always follow the rules because it's sort of like a democracy where in my
situation nobody like applied to become elected again so every director just sort of like reelect you know sort of extended their term so that felt kind of a little bit like a dictatorship Vibe um so talking to um talking to an AI might be certainly for some the smaller things I'm imagining like this this might just
be HOAs on like okay like there's a pothole on the street like we need to get a quorum everyone needs to vote and say yeah let's spend $1,000 let's hire the contractor just go do that like that seems like the actual orchestration I think what Long Lake is doing is it's it's rolling up HOA management companies which means that you would still and the
HOA management companies provide infrastructure sure for the HOA so you have the HOA board which is the homeowners that volunteer to be on it sure and then there's software to operate the HOA in my case it's it's getting something in the mail that says there's going to be a meeting you can come here and like vote using this form
that you fill out so I would love to um you know one of the issues I have with my HOA is that the the younger people in the community don't fill out the physical forms and send them in and so the votes end up being just very skewed towards what uh the elderly in the community want uh which can be frustrating at at times so here's another example of one of these rollups
very different uh industry but 8C known for early bets on flexport and anderol in July led a $50 million round in Loop which handles payments and financial audits for Logistics businesses uh and uh the co-founder is Matt McKinny uh and he has a funny quote in here he says I would have been laughed out of the room if I pitched VCS on the strategy to buy
old payment providers since then he said the strategy has become the hottest thing in Silicon Valley and so they estimate there are 250 Freight payment providers in the US serving a market of about 15 billion and they want to fine-tune AI agents and models and analyze data to help payment providers manage transportation and budgets and
offer automated customer support and so they've already AC acquired one Freight payment provider and is in the process of purchasing another and and for a while there were there were a couple startups that were trying to just build from scratch the payment providers but there must be something very sticky about the relationships that it was it
was hard to get traction because some of those companies grew very quickly got a couple deals raised a bunch of money but then kind of flatlined I think and so yeah and so what What's Happening Here is is Venture Capital has always been a part of the broader private Equity industry yep and now you're seeing this
convergence we saw the convergence of hedge funds and venture capital in 2021 with you have these crossover funds that are investing in privates that presumably would go public soon change to an raia starts investing in Publix yeah and then you have now you have this an intersection of tradition private Equity yep and Venture which which there
is a strong case for right because you say hey why don't we combine you know these very smart technologists with this new emerging technology generative AI why don't we give them hundreds of millions or in some cases billions of dollars to buy Legacy companies and transform them some of those Legacy companies will adopt technology but if
you have a guy who's 70 been running a company for 30 years maybe they're not that motivated to say I'm going to you know let go of 3,000 you know people and replace them with with agents but that is uh seemingly what firms are doing like wander Co yeah Jeffrey katzenberg's uh read through that uh so yeah uh
Wander Co a venture firm and holding company co-founded by Hollywood studio veteran Jeffrey kenberg started uh quibby quby quibby yeah put a lot of money in 2023 invested in a 22-year-old call center glow touch last year wanders investment wander investment helped the Louisville Kentucky based firm buy a 3,000 person 20-year-old call center so
I imagine uh glow glow touch now rebranded to unify CX is in the process of acquiring another call center and plans to buy others to combine them according to CEO and founder Vidya y RAV chandren after buying the companies it then incorporates AI to screen resumés for recruiting automate support tickets speed up employee training and quality
assurance checks but they're not saying here is is in the long run I'm assuming they're going to let go of all the you know vast majority of the call center employees and replace them with with AI yeah um 99% of the companies out there in the space have really not even thought about AI I have a portfolio company way faster.com that's building a
lot of that you know sort of recruiting screening infrastructure specifically for staffing firms um and last year Excel partner Peter Doyle left the storage VC firm after 9 years to start Treeline a startup focused on automating it Services treine plans to acquire other it businesses the startup has been in fundraising talks with investors like
a6z according to people close to the business um the strategy is a shift from traditional Venture bets in more ways than one Venture investors have typically backed high margin software consumer internet businesses they hope will go public someday in pursuing Services firms they are writing checks for lower margin businesses that are
unlikely I mean so this is very this is very opinionated so so the information is saying that in pursuing Services firm they are writing checks for lower margin businesses that are unlikely to yield the same high investment returns from going public as software companies yeah now obviously the thesis here is that you're going to be able to achieve
software like margins with Services because you're going to replace the services with software AG exactly so it actually makes perfect sense this would be a VC strategy not you know Nick obid he was at ramp um he's now building an accounting in a tax prep firm which Pres presumably is you know does you know has a Services component now but we'll
eventually automate more and more stuff over time so there's this trade-off between buy versus build you can start stuff from the ground up or you can buy a business with $50 million in revenue and try to transform it so I think it's good that I think it's good that um uh you know the the concern uh you know as you start looking
to buy companies right there there's a lot of competition among buyers private is not a under optimized industry right if you ask you know we're friends with people like carry no interest right like it's not like a n industry without killers in it and it's not like they're not paying attention to the AI wave so the question and the BET here is Will
VCS figure out the private Equity model first and buy companies at the right price and then be able to put in the AI or will the private Equity firms have an AI transformation operational partner who's really really solid at at squeezing more margin out of their companies more effectively like they're saying uh this this one founder says his
firm's rollup investment strategy was inspired by birkshire hathway and constellation software uh who which operate portfolios of businesses they bought now I don't know if Burkshire hathway is going to start replacing everything with AI and their entire portfolio but constellation software has been optimizing software businesses for
a long time it's not like they're going to get caught flat-footed by the AI wave necessarily and so uh the question is is you know will these VC firms that go into this industry be able to out compete the private yeah the cool thing is that it's a simple strategy buy Services firms and replace the human capital with software yep very very
difficult to execute well very difficult to execute on on a short timeline the technology is evolving rapidly but you know many oftentimes when you buy a business you have to show really rapid improvements and private equity if you talk to anybody that works in private Equity or's been a private Equity you know portfolio Company CEO the constant
pressure from the actual fund it's not like a VC on your board that you know is mad that you're not growing you know yeah to you know 5x a year it's why haven't you cut you know more people it's very very aggressive cost it's more you know Old World Finance and also I mean the the VC firms are taking larger Stakes here like Catalyst aims to take
30 to 45% stakes in companies with like a holding company which is very different from the 10 to 20% that you normally see so much more control and yeah it's also if you're so they say here uh I think this is Drew from abbc he goes one risk in the strategy is that acquiring a business that ends up floundering is more expensive than
trying to grow through marketing or sales so if you spend $50 million buying a firm and then it gets less profitable then suddenly it's worth way less than 50 right because these businesses are are valued on earnings and and that can be a lot more expensive than investing $10 million and just trying to grow a business quickly maybe you get it to
that $50 million but it didn't cost $50 million to acquire it so um mistakes become very expensive much more expensive than Venture capitalists are used to so like this is why private Equity oftentimes has like a no zero policy like they're not going to let any of their bets you know you might have a 1x where you just like tried to do
something and you have to offload it after a few years but no zeros even many growth funds operate on a no zeros policy so uh it's going to be fun to watch it play out fantastic if you're h building a let's go to the related tweets about it I want to see what we got Andrew rehea here a former uh employee of mine great dude he goes
prediction the majority of tier one multi-stage funds will have buyout funds in the next two to five years soon a16z and Vista will compete to buy out companies I'm actually kind of shock that a16z hasn't formally announced a buyout practice yet General catalyst is already quietly doing it not so quietly now I don't know when this was posted a
few other less notable funds are opportunistically doing buyouts as part of their current strategies this will become normal in Venture sooner than later especially if the IPO Windows stays shut and insurmountable for most companies um so yeah I mean one one awesome part about the strategy if you're in the Capital Management a
business is you can just deploy way more cash so one deal you can deploy $100 million yeah of um and it's more focused more concentrated and then it actually makes sense for your partners to take board seats and really dig in the dig in on the business as opposed to just oh yeah I wrote a check to 25 companies in the last quarter and I can't really
check in with any of them because I got to hit the slopes um and uh was this meant to be in here yeah that that that mentions Long Lake and I thought it was an interesting post of like this Mafia so break it down so uh Patrick oasi says everyone talks about the PayPal Mafia not nearly enough talk about the Harvard or spe spe Mafia
from the late 2000 it's a final Club there it's like a fraternity oh really yeah cool absolute Murderers Row uh one class David Haber partner GP at a16z Adam Katz arenic Capital Alex Sloan Garrett station Alex uh Tubman long L management and there's some guys from besser Cadence Chris Chris and uh Kushner from from Thrive yep um so
that's cool yeah yeah very interesting how these like mafius form then we have another post from Logan Kilpatrick he says hot take I think there is a huge overinflated perception of how interested consumers are in having AI agents do shopping browsing tasks for them people generally want agents that will do the boring parts for them but
many of those tasks tend to be higher risk so this's is kind of the flip side of the HOA like do do consumers actually want this how con how perfect does it have to be before they're like yes I'm okay because uh you know like if you're talking to an actual person and they get kind of lost it can almost be like educational and edifying to like work
through the problem with them but if you're on a phone tree and you're down the wrong path it's like infuriating right and or like if you're using the presumably replace the phone tree and maybe that's better but if but when it gets frustrating I I I think like like I just do the you get on a phone tree and you just immediately start talk
to a human talk to a human or in a chat you're just like talk to a human because you know that the bot's not going to actually solve your issue yeah hopefully that changes over time so uh that's great couple minute break for can we take a break thanks for watching everyone the live experience e e technology Brothers welcome back to
technology Brothers the most profitable podcast in the world uh that wraps up our series of top stories we are going through the timeline let's go through some mail that we got first up I have business cards from Founders fund thank you to Mike petrano the the guy if you've seen the founders fund video of that VI reel he's the guy that did that
the creative director he made some beautiful business cards and I feel like I'm in American Psycho I love uh we also got an early Advanced copy of Alex karp's new book called The techn the technological Republic hard power soft belief and the future of the West this is embargo I can't read I can't read excerpts from it apparently um but I can
read you a little bit of the uh the preview it says from one of Tech's boldest thinkers and his Deputy a sweeping indictment of the West's culture of complacency arguing that timid leadership intellectual fragility and a and an unambitious view of Technology's potential in Silicon Valley have made the United States vulnerable
in an era of mounting Global threats and he says Silicon Valley has lost its way uh at once at once iconic clastic and rigorous this B this book will also lift the veil on paler and its broader political project from the inside offering a passionate call for the West to wake up to our new reality I'm very excited to dig into this I already have
the Audi book pre-ordered and as soon as this book is available I think it goes uh like goes public in February uh we will be reading it breaking it down for you here on the show so give that a look um we also have another book that we received in the mail the five types of wealth from sill Bloom we love we love wealth we love wealth and uh Pop Quiz
what do you think the five types of wealth are cars watches horses houses and your absolute boys I think that I think you could couldn't have said it better uh he took a little bit of a contrarian take I guess he says time social mental physical and financial um but but but but we're very thankful to saah Hill for sending over the book he
put in some some stamps that we can look at let's see what he had for me to to check out says the big question how many moments do you have remaining with your loved ones how many more podcasts how many more podcasts do you have uh the days are long but the years short um just into his early 30s he had risen to
become a vice president at Goldman Sachs one of the most prestigious financial institutions in the world and he served as a trusted financial adviser to a long list of well-known corporate Executives his expertise and guidance were valuable a fact that was reflected in his steadily Rising salary and bonus compensation at the firm you love to see
it Sloan was achieving everything he had set out to achieve the money the trust The Client List the respect all of it was there the path forward was clear and well lit until one day a simple interaction with his 5-year-old son changed everything his son's preschool was set to have donuts with Dad event where the dads joined the students for a
morning of donuts and fun activities unfortunately Greg would be on an important business trip at the time so he would have to miss it when his wife told his son the news he reacted with a shrug and said that's okay Dad's never around anyway it's hard you got to prioritize family you got to figure out how to run a podcast in your hometown so
you can be home for dinner every single night every night that's the we're pretty good at that we're pretty good at that yeah and that's one of the greatest greatest advantages to not being on the road I got I got I felt uh lucky that I was working from home for a lot of my son's couple years um and and and in this day and age now now our families
get to throw on the show yeah we're just right there in the living room yeah it's great Sarah I love you it's uh I mean it it has been like the original Rogan Arbitrage was just doing tons of interviews and being such a big force in podcasting that that big guests would come to him like Zuck would and Trump flew to Rogan Lex hacked the system by
just being a road warrior and basically traveling everywhere but obviously that's really hard on your family life and so for a long time it was like how do you get and to some sort of escape velocity with content if you're not on the road all the time and fortunately we figured it out no guess live in person no guest tons of Clips tons of slop in
your feed although we will be having people call into the live show but we won't be traveling all over the world trying to get people on I have another I have another post so yesterday uh we've been playing around with with using the breaking uh headline to to break news on X we said breaking Bernard Arno is exploring a potential acquisition of
French int artificial intelligence company mrr citing a need for France to maintain its Edge in artisanal Goods post artificial super intelligence wow and uh this tweet went pretty viral just sent her 5,000 likes uh and uh Val brother Val who's who's a listener of the show said brother John cougan and Jordi Hayes I'm sending you guys to jail
for this this post and I ended up messaging him and I said I good luck bro you don't have jurisdiction in France you can't do anything to us over here we got diplomatic Community diplomatic Community got 40 Nations ready to run but he's a brother uh I me I messaged him and said he said uh LMAO I had people dming me asking if it was true
Bernard Arno is not getting into the foundation model game yet we know of but if he does we'll try to break that news and he said that uh people people appreciated it so dude I have so many texts about the Ross old thing today so many people are is this real so my phone is just actually broken right now because of read the Ross one uh so the
Ross one if anybody I doubt anybody that's watching missed this but we posted this morning Ross breaking Ross is said to be in Market raising for a new crypto startup VCS like a16z and Paradigm are circling citing Ross's killer mentality and track record as reasons for the initial value as reasons the initial valuation could stretch to
over one billion wow and for for those that don't know Ross didn't actually kill anyone but he spent over $700,000 on hits trying to kill trying to kill me it was unsuccessful he he thought he got photographic evidence of it but it turns out they were faked photos um soad so anyways he's not a killer he's in he's also been pardoned
he is he also never he was never innocent he was never they never uh they never actually tried to try him for those attempted murders because they kind of had bigger fish to fry with the whole narcot trafficking stuff Kingpin law they him as a drug kingpin um so in many ways responsible for the fentanyl crisis not a good not a good look but we have a deep dive
coming for you on him we got up to speed we're going to break it all down yeah we basically we basically determined that we think that Ross is the greatest marketer potentially of all time and that he had created this narrative that he was this very young sort of inexperienced uh you know that that just had these ideals and and kind of went ay
he was about 30 years old when he was doing this he knew exactly what he was doing he was in drugs on the platform he was negotiating he was negotiating brokering like regular drug deals it wasn't like it was just a software thing they'd be like hey I want to I want to try doing a a he would he would try to do he wanted
to create a product specifically for cartels and bigger dealers so he was like well I'm going to do the trade the first kilo yeah like and it was just Relentless it wasn't just like oh yeah I set this thing up it's kind of running it was like how can I drive ARR up every single day like really and so so the joke of that he's out raising for a
startup he actually is high like one thing while I don't agree with what he did yeah clearly highly capable right he got founde founder mode 0 to 1.2 billion in volume bootstrapped in under three years he personally netted $80 million of money back then of fees it's like a be multiple billions of of um I'm sure he's got some Bitcoin people said that
there was some cold wallet that started trading shortly after and so they clocked him that yeah they they they seized most of it but he might have had a second wallet and that wallet was just sitting dormant and then it went dormant right right as he was seized and then it fired up just recently and so people
think like yeah he has access to like you know tens or hundreds of millions of dollars of Bitcoin now but it was probably like oh 10K he had an a side pocket back then so like no one even thought about it whatever we got him for the most yeah so it's it's I I hope yeah yeah I hope he uses his powers for good going forward I'm sure he will clean it
up you're on notice yeah call we'll have him call in here we don't want to see any more CRI I do I I'm I uh he's got a second chance I hope he does good with it uh and let's get into the timeline that's great let's go to the timeline and uh Ben did you get those promoted post together do we have a stack of those uh let's go to Tyler he says uh
don't really understand the reasoning behind luxury car manufacturer ERS going after residences and he cites uh actually four four Images I didn't realiz there so many it's Porsche Design the the first ever Pagani residences so tyout shout out Tyler he uh goes to the UCSB where I went he built the ad Network for TB uh very cool uh but I I I
pulled this because I I really don't understand it either nobody likes cars more than me yep fact yep maybe you maybe people like TJ Parker y but uh we love cars I don't want to live in a Porsche apartment Tower I don't care may got to them you know you you can sleep in a GT3 RS but you can't race an apartment well now you got a GT3 RS
apartment the only thing I would potentially be into is a is a Gulf Stream kind of cool Tower just CU that's just the next level above and if it was shap like a plane but I don't understand the I don't want to live in a Pagani I want to I want to drive you know I like that I could sleep in a GT3 RS I don't want to live in the
equivalent of a GT I guess it is it is a little odd that there aren't more uh it does seem if you're a real estate developer it's pretty easy to slap someone else's brand or name on your building which is effectively what they're doing here and I'm surprised they haven't done this with other brands that make more sense maybe just like
Restoration Hardware or yeah or lvmh like lvmh Towers makes a little bit more sense to me and I yeah exactly jamat jamat I love it um but uh yeah who knows I don't uh so I mean I don't really have a good reasoning I mean the reasoning is probably money like they probably get a licensing deal for the POR acquisition differentiation there's a lot of towers
like that and I'm sure and so like the reasoning is probably I agree that it's like somewhat illogical but it probably makes money on paper and it's just okay they're going to pay us to license the brand destroy our pretty funny that there's for sure a bunch of people that live in those towers that are like I don't even drive P Porsche I don't like
Porsche but it was just really nice apartment so I got it imagine pulling up to your Porsche Design apartment in a Pagani and being like I pick the wrong or vice versa um anyway let's go to speaking of cars I got a promoted post do um this is what you been waiting for folks this is why you're on sorry sorry to make you wait so long for the
first the I've been trying to do some prodct placement of these but we're not going to advertise ramp right now we're going to advertise uh we've always said AI is like an F40 for the mind yes so on that note we have a 1992 us spec Ferrari F40 asking price of only 3.5 million so they're basically giving it away I me
they're giving it away this thing is an amazing example this stunning F40 is one of only 2133 us spec cars and one of only 60 in the highly desirable 1992 specification this example still wears the original Rosa Corsa paint and stofa cloth interior that it left Marinella with uh so this thing is just beautiful uh guys we are we are going to be adding
a TV screen so we can actually show images we've had some pushback from from from little uh some some environmentalists that say do you do you need to chop down a tree for every episode forest and we're exploring doing some offsets you know planting some trees to to make up for all the paper we used but we do want to get these on a
screen for you guys but let's get let's get back to uh yeah just you know it's not going to cost you 3 and a half mil to get that car because you're going to want to put another 500k in upgrades off-road tires swap a test V12 V12 engine swap you know supercharger quad turbos yeah uh roof rack yeah uh automatic transmission let's go to auto uh let's
go to autism Capital uh Mark andri says one of the funniest moments of his life was when the metad board says they considered Peter teal diverse because he's LGBT is there a test to determine this what about the letter B I want this company to succeed I'm willing to do a lot that's just so funny when I first heard this I was like oh he's like
diverse because he's from Germany funny that the the big tech company is considering that the white male Tech bro is diverse because of his sex like sexual orientation but that was a funny time in history uh we're uh and and absolute crickets from the mainstream media about the lack of diversity on the Deep seek team yeah
yeah you pointed that out almost entirely Chinese guys yeah very few very few uh uh uh diversity let's get over there R we need a man on the inside we we do need a on imagine we do need we need to send hey if anybody that listens to the show it works on deep seek hit us up we're looking for a man on the inside we're looking for scoops
we need to get one of our guys in there start leaking stuff out of the you know everyone in everyone in SF is worried about the the girls at the parties hey if you're a girl in TCH in America hop on a flight to Beijing yeah or wherever they were yeah start we need our guy on I want to see behind the scenes of all the gpus that that supposedly don't
exist that came from Singapore yeah um it's great uh let's go to uh grit cult absolutely insane Trump has only been in power for a few days look at the speed with which he operates it's amazing feels like he's been present for ages every day he's had a banger it's funny I actually don't feel that way really I feel like there's been
like a bunch of EOS but that's always what happens in the inauguration was eight days ago yeah but I feel like I feel like the first couple days are always crazy because that's when the EOS go out and then it's like is there real going to be legislation and that month they had been prepping all the EOS with chat gbt yeah totally for months that uh
should we try a bucket pole do we have bucket poles in here let's see what we got let's see if we got something good oh this is great uh from Lewis EA says finally got a diagnosis and it's locked in Syndrome from The National Institute of neurological disorders and stroke are you familiar with what locked in syndrome like actually is no it's
literally like you're locked in you can't move your body but you're awake it's like terrifying it's hor horrifying terrible but very funny to repurpose it for just in uh so making locked in a good thing I guess I don't know with neuralink you might still be able if you could be productive while being locked in it'd probably be good for some people
we know vtor says uh you stop noticing AI improvements when the AI gets smarter than you yeah we talked about this I think the other day where it's hard to recognize these incremental improvements because you're already like okay this thing is generally pretty intelligent and if it gets 5% more intelligent it's like oh it's solved way more like
complex math problems that I never do in my day today I never have to do anything in my day today that involves like foundational like I talk professionally yeah exactly professional yapper and so yeah it is it is good enough at this point but uh I mean you you will you will notice it certainly on the on the generative AI the image stuff like it's
very clear that the models aren't aren't dialed yet and then also just on the on the operator and agent stuff like like you can tell that when you delegate a task to chat GPT like it can't go and do it fully the thing with operator that will be cool is right now it moves like at the speed of of a junior computer
user almost like watching your grandma do things on a computer imagine when I can just do it almost instantly it's just like zipping around the screen like filling out a form checking boxes I'm excited for that era it's gonna be great it's I still hav't I I upgraded I still haven't actually used Operator just because it's not available on your phone
you got to use it on the desktop I just haven't had a chance but I got to I got to test drive it I think it'll be interesting I want to give it some tasks that it's like not already integrated with uh should we do another promoted post because I see a fantastic promoted post right there this is a prom promoted post for a special place in Manhattan
but I actually have a better one to pop up so if you haven't seen it yet ramp has a new uh activation billboard campaign in Manhattan advertising their new treasury product that gives you high liquidity and high yield in the same product very cool uh but they have an actual we ask them for that we asked them for that like like last week and
they just built it yeah I mean they we we asked them they shipped it like an hour later remarkable never seen something like that before fantastic but people are starting to discover it said new profile picture and it's uh this guy with a with a wrecking ball here uh and yeah so if you're in if you're in Manhattan go go check it out yeah go
take a picture address do they do they post the address I'm sure they it somewhere when we share the clip we we'll share the address because if you're if you're walking through take a picture picture want to see uh let's do the promoted post and then we'll move on okay back to back ad back back uh we got a promoted post from Aman this is a
special one Midtown Manhattan is one of the most energetic places in the world alive with the buzz and pulse of modern city living but in the very and ramp is there but in the very heart of it silence and Stillness Prevail within the walls of Aman New York there's only peace Aman properties are unmatched they make they
make the Ritz Carlton look like a dump and uh yeah the next time you're on a business trip in New York for just a day b a five day stay at a m and it's only 10 times more expensive than the average luxury hotel and so it's just a small like especially so I recommend a mon for bootstrap Founders because you own your business it's all your money yep you
you're not going to be face and push back from the board saying hey why are you staying in them on you're or if you're a seed stage founder and you're going to be taking you know pitch me meetings say hey come over to my my hotel room yeah Aman's not the kind of place that you can just walk in and use the lobby in but you could always
try well no no no so you MOG your VCS by saying like oh yeah like you can't just come in so like you'll need to book a state too yeah or if your VCS are visiting from out of town you can say like I'll just walk over to the Aman and they'll be like I'm staying you know in Tribeca and you go wait you're not the Aman like I thought you had thought you
had like 300 million AUM like's going on is they'll struggle to come up with excuses and you got them yeah you got them you got them you got them pinned yeah exactly and then they have to write the check uh I don't know I don't know anything about this one Stuart Blitz says just spoke to someone who used operator to submit health insurance claims every 5
milliseconds until they're paid they said UHC got so overloaded with data they just paid them they're cooked and then the then the the the uh Community notes says this is a false statement as the author States in a reply and so when I saw that post and submitted it I it I mean it didn't seem super believable because that's not
necessarily the way these things work but it is it is so so big companies create friction in refund processes claim processes and so if you can overload the system effectively yeah you're more likely to do it but this is just entering a new chapter where you have bot onbot violence where like the big corporations going to have their
Bots y we're going to have our Bots and we're going to see who wins your a your AIS SDR is going to be talking to my AI secretary yep and she's gonna be brutal brutal rejected yeah uh also I mean this just underscores like this like I I don't know if this guy was joking it seems like it was maybe like a joke because he said it was false like
shortly in this uh in the thread but uh whenever a new AI product drops there's a massive incentive on these algorithmic social media feeds to just be like this is mind-blowing like AGI is here like everyone's going to die this is the most incredible thing like you got toer yeah yeah exactly and and and it's like and and there's this huge like intelligence
signaling thing where you got to be like oh yeah I'm using it like way better than everyone else we've talked about this before but it's like it's like if you're not using operator to I operator to order me instacart and send a humanoid robot into my house and if you're not doing that you're falling behind if you're not yeah yep paperclip
mode paperclip mode Let's see what else we got on the bucket PS Flowers says oh good nominative determinism post flowers says Sam alman's name is crazy because he's literally creating an alternative to man wow it's great I I I've had this thought before I should have posted it a good one uh alt man but yeah there's a lot of
nominative determinism in uh in this world Valley in this world generally yeah but it's fun one I wish I've tried to apply nominative determinism to my name ha it doesn't really work your kugan kouan kugan means Hound of war or something it's basically like hound hound you know in Game of Thrones you were acting like a hound of War you were
acting like a hound of War on the leg press machine this morning got to like 900 reps 900 reps yeah 850 that's the number you got get uh let's go full range motion too let's go to Seth Seth bny says YouTube and Reddit have both blocked operator a sign of things to come so uh a lot of lot of organizations are probably like
hey we don't want to deal with operator what's interesting is that probably because DJI is notorious for writing fake comments on forums so they don't want DJI using operator to spread misinformation spam on there uh wasn't Sam a huge shareholder in Reddit wasn't he like the CEO for a few days too it's weird he made I think he made more money
than the original Founders this almost seems like a mistake like like they just have a robots.txt that it's like not updated because I'm pretty sure open aai has a licensing deal with Reddit for their data or something like that yeah but it's still if you're a user generated content platform you don't want bot you want them to use your API
which you can control you don't want them just freestyling all around your app it could be used for like users yeah yeah that makes sense um did you did you see this wh that was destroyed Just moment of silence this moment of silence is brought to you by adquick adquick is the number one way to buy Billboards for your startup now back to the show
Justine Moore says I've been fully radicalized by the photos of the vandalized whmo it's in a body bag at the end and the and the wh got destroyed remember so the the downfall of bird among many many issues fact that it's one of the most dangerous things in the world to ride a electric scooter around in traffic with ER doctor yeah these er
ask anybody at an ER when bird was at its height that was the real way to go long the scooter trend yeah super dark I I for very brief moment of time I would use them I was like 22 I was like this fun way to get around and then I was father yeah um but there was this account called I forget what it was called but it was a
celebration of the destruction of electric scooters on Instagram and it it quickly got like a 100,000 followers like before the algorithmic feeds it just blew up huge destroying them in even more creative ways for some reason AO feels way more toxic to it up yeah to F it up bird graveyard bir so AO which is this you know autonomous thing driving around it
feels like you're more like taking a human life in a in a weird way because it's just trying to get somewhere to pick someone up and then these people are destroying at the same time it is a Jaguar so do you really feel that bad yeah well they're switching to these chines you know they're switching so I don't I wish that that weo acquired
Jaguar because Jaguar was going through their um weird Rebrand yeah Ben hilac did the Rebrand got a crazy reaction uh they should have just bought friend of the show yeah anyways anyways let's go to Shan Maguire speaking of innovation he says the Tesla Roadster is Niche with bad range the Falcon one is a bad rocket the
neuralink V1 bit rate is low Subways are better than Cars grock one sucks X will break after firing people it's amazing how people don't get the pattern V1 sucks V2 is okay V3 is state-of-the-art and V4 is God mode 14,000 likes it's a good pattern Banger archive doesn't miss put it in the Banger archive let's do a bucket poll see what we got
uh snw maybe snowy says MFS get one s reply Sam Alman reply and turn on the glazin nator 3000 and it's a screenshot of an interaction between DJ tyu who says bro ship more than talking look at Google we want AGI in the speed of 40 That's the goal here and Sam says that's going to take a while and then DJ tyo says don't worry bro either way you are the OG
creator of AI here here you started all this in 2022 we do a little trolling here you got this s wow theator uh yeah I mean it's true if you're if you're like new in Tech and like a big person replies to you it's a big deal like it feels like awesome it's like wow I'm recognized well this is why we we encourage uh reply guys we encourage
reply Legends yes and but but at the same time what I was going to say is there's if you're trying if you're a new account you just set it you're just setting up my Twitter you know it's easy to want to be negative because that's gets the most attention but it's not a good strategy long term because you're building up this sort of
audience of negativity and and you're it's hard to build a career around just being negative and totally putting people down and so hopefully this is the start of the glazin nator going on a going on a more positive historic you know generational positivity run we love to see generational positivity Bas Baron has been uh started off very negative uh
trying to encourage him to go more positive yeah we we got to remind him pretty regularly we got to we got to send this to him and say adopt the glaz anator mindset yeah you know you don't want to glaze too hard but yeah a little glazing never hurt anyone yeah um it is it is hilarious when Sam will post a tweet like you know uh artificial
intelligence is only a few thousand days away it will forever reshape Humanity it's one of the most powerful forces for good in the entire world and like we are unleashing machine intelligence and someone will be like please add PDF support to one PDF it's just like the most tactical question the oldest technology but like
both are kind of true like Sam is like kind of right about all the philosophy stuff and then also like there are really really low hand fruit he'll post then he'll post guys we got everybody's a little bit too excited ASI is GNA take a bit longer and it's like yeah like there are reasonable product features that we want like just build them you know come on
put it in yeah or or AGI you know AGI is right around the corner but we're hiring 50 new Junior software Engineers uh because we need them yeah to actually get to that point let's do another promoted post and if you're watching live on YouTube leave us an ad read in the comments get in the chat and promote whatever you got to promote drop an ad
read in the chat or if you want priority leave a five star review yes and we will have been printed out on Spotify or apple podcast say something about the show and then leave an ad read for a company that you like or company that you founded or work for but speaking of ads we have we have an ad uh a promoted post here from
Gulfstream Aerospace customization in every detail the G500 is bright bold and boundless uh you know we always say if you're buying fractional talk to Preston Holland he'll help you get into a jet you love but if you're a size Lord go straight to your golf stre dream rep uh don't you know just buy new yeah it's nice to see them promote the back
catalog too A lot of people are obsessed with the 650 the 700's coming out but maybe the 500 is right for your for your lifestyle yeah you know it's classic there's no wrong choice with when it's cool to see GF stream uh you know they they threw a link in here they clearly aren't afraid of the algorithm they have a dominant brand and they and so yeah I
mean uh if you numbers if you find if you find this PO on X uh just go reply to it and tell them that you're uh you know in the market and the technology Brothers sent you yeah uh so whoever the social media manager there will get a nice little note hopefully they deserve some engagement they're clearly working hard
it was a highly produced this was the best post in a long time yeah it's great uh this is an interesting debate so uh Joel gascoin says 2024 was a profitable year for buffer something we've really celebrated as a team after two years of losses we closed the year with a net profit of $200,000 and so John uh Co he also went on to say that they did a
profit distribution oh they did the average distribution was like $400 oh really like that interesting there's a lot of shareholders I guess um and so uh John says wait so 200k in profit so for those of you don't know buffer is a is a social media scheduling app you can schedule out tweets or Facebook posts used mostly by social media managers
High chance that that Gulf Stream ad went through buffer on the way to X um and it kind of lets you schedule things out across different platforms um kind of Niche B2B software um and there was a time there was a lot of heavily funded products like this people were like this is going to be a dominant category of SAS yep turns out a lot of the platforms
made posting pretty EAS and when you have full inen native posting too because when you post natively you get bold italics image uploads multiple IM even Instagram and Tik Tok they want you editing in the app reason yeah yeah you wind up in this weird situation where you get this like half featured Builder or the buffer has the
job of rebuilding every single feature on X and Instagram and Facebook all to just get the posts in correctly correctly formatted via the API and these other companies they don't really care about posting from an API in fact it's a lot of spam most of the times they don't they're not really incentivized to make that easy and so
John says wait so 200k profit on $20 million in AR 73 employees averaging 154k salary and the CEO at 300K a year over 11 million a year paid out in salaries $554 customer LTV cost to serve a customer has to be minimum uh minimal is a social media scheduler and unlike 15 years ago this could probably be built by two cracked devs and a designer
in a few weeks 73 employees I don't know man and so Buffer's always been building in public and they've had you know ups and downs people have followed them and a lot of criticism from John on how they're running their business but who knows maybe they retool maybe they're having fun maybe it's run like a co-op and everyone gets uh distribution and
they're all happy so happy to them but this looks like something someone will build and attack very soon because one of those things it's it's the the critique there is I think that they've been on an interesting Journey like bought I think they bought back the company from their investors or something like that yep we don't really
know what's going on behind the scenes but the critique is like for mature software company with two 20 million of ARR maybe you should be able to squeeze out more than you know what the average PM in the valley makes per month yep you know you would hope so but I'm sure they'll I'm sure they'll get there it's rough let's do another bucket poll what
do we got Harry stebbings he's in Europe right now and there are more companies doing rollup plays for vets doctors Opticians and plumbers than AI companies we covered it earlier with the Germany story not good Europe you're on notice get it together build some real technology stop roll up veterinary clinics do it all
actually yeah do it all do the rollups but uh do some other stuff like I'm making an AI uh you know clone that talk that can speak dog that's what I want to see you know surprising somebody who like so the person who actually cracks dog to human translation huge trillionaire huge trillionaire you would pay you would pay, Couple Grand in a month yeah a
couple Grand a month to talk to your absolutely yeah uh also shockingly little Innovation happening in smell a vision you can't smell anything have you noticed this we're making all this like crazy advances all over the place AI is going to kill us all but I can't smell the movie yet yeah yeah like if I'm watching Fast and the Furious I want to
smell burning rubber or or if you're scrolling on X and you come up to a banger you want to smell like some fumes some smoke you know some heat coming off and a little you know device that just missed the air yeah you're watching sideways they're talking about wine tasting I want to smell some grapes I want to smell some
more yeah you're watching uh that gambling movie we talked about what's it uh yeah just the smoke of the the casino yeah there's oans 11 Oceans 11 yeah I should be smelling a thick cigarette smoke the entire movie yeah be great yeah so get it together somebody go out there and solve it I'm not going to there was a company that was trying to
solve pH uh digital touch right like some sort of device that you could kind of like sh sounds like it's going to be used nefariously immediately AI smellivision 2 is going to be used by character AI first I just know it it's GNA be terrible it's not going to be for Fast and the Furious be like I just wanted Fast and the Furious um aelius
says m&a is so back the FDIC is pumping deal tombstones and the FDIC says today we approved the Bank merger act application by Wesco Bank based in Wheeling West Virginia to acquire and merge with Premier Bank and they're they're showing the deal to you love to see it it's different love celebrating m&a should be celebrated yeah you know I saw I saw a
very funny post we didn't print it out saying uh that uh like the deepsea thing is so uh is so like bad for Silicon Valley because everyone in Silicon Valley finally needs to realize that Lena Khan was right and I was like that doesn't make sense at all like it was I saw that and I was like this is such a bad take we're not
even we can't you saw that it just made no sense and it's like that's not and and like and like so like are you saying that there's a monopoly in AI because there's not there's like a trillion Foundation model companies and every big tech company is building their own chips so it's like fiercely competitive and then how would this have stopped open
source model from China it's like a chip sack thing that's not Lena con at the FTC it just made like no sense but it got major viral views because people are just like oh Tech doesn't like lenina con therefore like anything that happens that's bad to tech let's make it like lenina con could have stopped this or something makes no sense
anyway uh president Trump arrived in Las Vegas and Indian Bronson says Trump is 80 he doesn't sleep he eats McDonald's he doesn't work out and he's constantly switched on rocket fuel for blood just a total Force he needs to be studied okay this is my take on you know how we've been talking about Golden Retriever maxing I like the
dog analogies there's a new dog in town Junkyard Dog maxing y this is where you just don't think about what Andrew hubman says about microplastics or seed oils if you look at the if you look at the data the junkyard dogs outlive the purebred Poodles by three decades Junkyard Dog will be around for you got to be a dog it's about that Spirit
exactly the junkyard dog has hustle runs around sure it's eating it's not just worried about microplastics he's eating macroplastics the thing with uh I think part of the the whole Trump thing yeah is he's never been into that big into that whole world of alcohol right so he's never been drugs and alcohol avoided them y uh he kind of yeah he
avoided the power law toxins so by not doing drugs and alcohol he gave himself like a thousand Big Macs yeah alcohol's a fascinating thing because it's so widely consumed yet every you know the the prevailing narrative is that one or two drinks a day is cool yeah which we don't that that's like the dominant narrative around alcohol consumption and clearly
you can have one or two drinks a day and be fine generally yeah but how does it affect your energy levels later into life how does it affect your you know wit and mental acuity later in life even you know energy levels during I I um as you know as an adult haven't been big into alcohol and and I prefer to either have like 10 drinks or almost
none yeah or maybe some champagne on the show we have a big milestone coming up I'm looking forward to that but I notic that alcohol for me is not about the energy level loss the next day or The Hangover but it's this multi-day drop in my sort of General energy levels because totally yeah you just poison yourself lightly and yeah the body's you know
pretty capable of detoxifying but you got to stick to and you got to only consume it when you are celebrating are celebrating but specifically celebrating exponential growth Because unless you're truly accelerating in an insane way yeah you're not going to be drinking it every day Y and so you know it's so funny if
we had the double if we had the double rule set up for uh Banger archive we'd be daily drinking yeah it's rough but I mean seriously it's like it's so funny when I wake up and I'm like oh got to drink a bottle of Dom at work today but it's like two glasses of champagne and I do that like every month like that's probably fine uh speaking of alcohol
let's go to paval asparuhov he says drinking alcohol may be bad for you but having some bruise with my boys is definitely good for me very relevant very relevant and then Jan from ramp says nothing beats the pure joy of slamming a pitcher with the dudes on a sticky table it's true it's been there it's true and yeah you can
always cut back at a certain point switch to Dom keep we got we got a quick shout out from from our friend uh Tyler Cosgrove he says got to give a shout out to Boom supersonic now size Lords can display their wealth not by the size of their plane by but by which mock they can hit so they had a successful they got to mock let size gong for them they
got to mock 1.1 today that's huge massive love it and big win for all the investors that decided to Triple down oh yeah it was that crazy recap but they got through it which is great you love to see win amazing we need to be going mock five yeah to France y to to negotiate let's go over to Old Patty Collison at strip
press the Irish Lads are added again strip press has been on a tear Ben bloomen Rose says strip press sold a, books a day last year that's about 25k per day over $9 million a year off of 16 books incredible work and shows what you can do when highquality product meets distribution let's go size gone for 9 million in books too I like that it's
great probably what they make seconds I think it's something I think the the coffee table book industry is like bigger than ever yeah and so it's this weird dynamic where we consume so much of our content digitally now yep but books it's funny because I use physical books almost as book like a bookmarking feature where I see a book online I'm
like that looks interesting I just buy it I'll get to it eventually but um yeah Stripes put out some uh some some bangers they had the the one on uh that that guy in the corner right there oh yeah Charlie for Charlie's Almanac they like Reed um always beautiful so we love we love the written word we love uh we love it even more when it's printed yeah
physically yeah let's go to a promoted post and we'll do a bucket pull keep the show moving uh promoted post from our friends over at Bugatti the opening of Bugatti Baku in aeran the home of F1 in aeran a city that Bridges Europe and Asia was celebrated with a turbon a symbol of a century of Heritage and sophistication
if you haven't seen the Bugatti turbon this car is unreal I mean the doors go up that's all that's you know how many cylinders it has Isn't 16 V16 it's a V16 previously it was a w lot of yeah yeah a lot of people have been saying oh it's you know just need a V8 a hybrid V8 it's all you need lot Ferraris are going down
v6s let's get those 296 has the six cylinder get the cylinders up this car amg1 has six cylinders you got 10 more cylinders I can't wait to buy my first uh Bugatti it's uh the day can't come soon enough you got to you got to complete the collection and again the size Lords of Bugatti they're not afraid to drop a link bugatti.com if you're
interested in understanding the environmental impact of your probably top of mind for most Bugatti own Super top of many how many offsets am I going to need to buy per mile may have to be planting like 10 trees a mile well well i' most likely an oil Chic if I bought this car in the oil business but uh we love Bugatti here and if you go and pick one
up tell them the technology Brothers sent you yep let's go to Harry steings he says I have never met a founder or VC who can write a good press release for a funding round stop writing it like like an obituary you aren't writing to your grandmother bring the company to life tell a story make them excited interesting uh yeah the funny round
thing I mean you're not supposed to like theun you're supposed to do it yourself you're supposed to call Lulu yeah call Lulu first and then you're supposed to give us a scoop exactly and then we'll turn it into element this is how it works this is the new economy um but also like the F the funding round is is not the story it's the excuse to break news which
justifies writing the story and so what you have to do is you have to leverage that to say I'm giving you a scoop of this funding round is going to happen but in order to win this scoop you can't just write it up like it's a PR newswire thing that's 200 words you have to come and interview me and my team and my investors and get a 5,000 word profile
unless you're already an Insider no tech journalist is going to get excited about covering your $2 million seed round like they do not care they a bunch of they will if you put all two million of dollars of that into a domain yes you got to figure out how to create a stunt and that's what he did really well was he created a story and a narrative
around it that that you had to write about because it was controversial and get clicks and they're in the business of getting clicks so click game you got to do that and driving pay wall totally totally uh let's go to atlas he says mfers will be like ASI in two years and still be skinny bro you're worried about the wrong arms
race this is golden retriever maxing we love to see it on the timeline y it's fantastic yeah yeah get in the gym uh this is important don't worry about range of motion just worry about how much weight you're throwing around exactly if you're not if you're not dropping the weights loudly you're not lifting heavy enough yeah your your
bicep curl should look like a handang clean get into a gym that uh yeah get into a gym that supports dropping weights yeah don't for sure oh speaking of uh Tech reporting and the media uh morat says incredible bit of tech crunch reporting I just ran into they looked up Google trends for the past two days and concluded it's the highest Trend that
that could POS it's the highest the trend could possibly be and so what happened was Google searches for deleting Facebook Instagram explode after meta ends factchecking so this is something that happened when Zuck came out and said we're not doing fact checking anymore we're going to Comm Community notes model and of course
there's like uh somewhat of a backlash some people say I don't like that a lot of people said they did like it but you got to write the story that feeds the the Beast of readers and because it's entirely audience captured at this point and so you have to write the story of like this is bad for Meta Even though you can just look at the stock price and
tell it like no daus are not dropping people are still going to be using Instagram and so they but this is hilarious because they just literally social media fact checked I want it fact checked uh and it's funny just because they they just actually made a mistake when they went to Google Trends I I think that meta should hire us to just
put posts in the truth Zone yeah we we should be grab an extra yeah we this is the thing about authoritarianism as long as I'm the authoritarian don't really have a problem with it and social media platforms need to embrace misinformation yes you know exactly breaking wow wow uh oh speaking of Obi over at friend he says the only real way for us
startups to compete with China is on taste I ain't ever seen a Chinese product that didn't feel Teemu well said on me but that is that is true yeah like as as we move into the llm as a product and not just as a weights and and evals deep seek is the teu Chad GPT it is01 yeah it is it is very cheap very cheap lots of people are
saying anyway promoted post kind of caugh keep these people on their caugh me off guard here we got a promoted post from our friends over at lauro Piana craftsmanship in every weave in detail thoughtfully finish with vers uh with verse M's art of good living collection speaks the language of time honored craft and impeccable taste so uh we got to get you
on dualingo bro yeah do uh I just didn't understand like finish wor first I don't know it's a bunch of European mumbo jumbo concerned low Banger only eight likes oh you hate to see it from Laura Pi only eight likes where retweet go hit go hit him with a hit him with a retweet shamal do Laura piano favor pump the pump the account who knows if they put a
link in there it doesn't matter get it going they hit him with a hashtag it's funny that these companies they they they insist on hitting a hashtag in a post about their company from Laura Piana yeah why are they doing this is this and they're all the same it's like is there one social media agency that's doing every luxury brand like what's going on
we need a complete and total shutdown luxury brands on X until we can figure out what's going on it's insane uh anyway let's go to a less than luxury brand that's been on a tear lately Ry says people are losing their life savings getting rugged on fake Internet money projects meanwhile I've been riding Build-A-Bear stock to the Moon
hard tech is the future and he posts a screenshot of Bild thebear and Robin Hood did you know that Bild thebear is public Jordy Bild debear is a public company and it's up 800% in the Last 5 Years pretty remarkable I believe it people want activity to created they saw that they immediately created a Build-A-Bear token Sye sure I'm sure I'm
sure but people want people want an activity with their kids and they're willing to pay for something that occupies time and then also gives them some sort of like special toy that's not just slop right yeah so it makes sense that Bill the bear is doing well glad to see it not Financial advice obviously but uh you know we we we're you know
yeah let's call it hardtech who cares um hard tech we should check out Build A Bear yeah we should that theoretically going to build a bear we should do a deep dive I want to know like who is the founder of this company how they build this thing like it's pretty crazy that such a simple idea could become a public
company that's up 800% in five years like that something went right well the build founder knows so you have to imagine that they got destroyed with Co so part of those gains are everybody stops going and building bears you know you go back five years it's like yeah see the co drop they went on a generational run generation run and
they're way up recently something good definitive guide to Bild the bear I like it let's do it Bild the bear bull case Dolly Bali I feel like this guy's been on the show before says when when has something good happened when Masa gets really excited he says once again I ask and so this is obviously a reference to deep seek and that you know tanking the
market shortly after MSA did his um you know announcement on Stargate kind of a kind of a good post but is uh Saia is still going to be spending 80 billion a year even with the Deep seek news as things uh yesterday was a terrible day to be unfamiliar with jev's Paradox you know many clearly were yep and not our
audience but uh many many many normies out there very unfamiliar with that that Paradox and uh we're just going to keep using more compute uh until we're all just paper clips and and and I did see a post that uh that after the markets crashed there was a lot of equity research discussion and expert calls that happened to the hyperscalers asking like
are like are you going to change your GPU buying plan and they all said no so I bought Nvidia on public yesterday yeah you up up 7% something like that it not Financial advice but 7% in a day in a day compound that over a year you're killing it trillionaire trillionaire Logan Bartlett says it's amazing how continues to innovate democratizing
mobile music players iPod 2001 the most elegant smartphone experience iPhone 2007 mainstream cordless headphones airpods 2016 AI that makes the product experience worse Siri 2011 Apple intelligence 2024 Apple room apple apple room temp Apple room temp get it together Apple get it together it's got to get better it's so bad you you know I
had I had a recent like oh my God this is so unapp and so bad experience so the obviously like voice generation is completely commoditized you have 11 Labs there's a million models that do it very well open AI has a fantastic model it's very easy to train a model on a ton of voice data and then Deli can clone our voices right like startups can do this
like with way less money than Apple right and so it's easy to create a voice that is you know good yeah and so when you go into Safari on on an iPhone and you click on the reader view it will take away all the ads it's very nice you can actually read the article cleanly and and there's a button now that you can say listen to this article and and
and it plays like a pretty decent voice it's not state-of-the-art it's okay not good it's not good but it's not bad and it's usable you can listen to it which is nice because a lot of websites don't have you know a voice feature but sometimes that's broken sometimes the reader view is broken and it only shows you like a third of the article even if
you're logged in there's some sort of payall thing it's broken and so does Ben know he's just listening to music with yeah Ben is that loud Ben are you good we can hear that oh it's outside Oh weird okay we got some noise outside the studio in Downtown LA LA today um anyway so sometimes the read review is broken and
when it and when it's broken you can still swipe down with three fingers to do like the voice version of oh it's my that's funny is that some how did that happen with that phone I have a phone in there weird that's very odd okay thank you uh very weird I don't know what's going on with the phone uh anyway um uh
so you can swipe down with three fingers to do like uh it's like a it's like a assistance feature for people that are I think blind and it will it will read anything on the text it's a screen reader it reads it all in a voice and that voice is still on the old model so it's like completely impossible to use and it's just like how do they not think
ly was series insane yeah it's terrible anyway let's move some people some people were giving uh I think it was signal who was giving Apple like apple yesterday had to had to be pretty signal was saying they have to be pretty happy right now they didn't spend on capex they just sort of waited to see how the market would play out they already have
all the distribution yeah so uh we'll see how it plays out for them okay let's we need we need a collective effort to get smart people working at Apple again seriously because they' have such a lock in like you can't just count on you can't leave yeah so you got to make it better yeah so we got to push people to go there so if you're a cracked engineer
go work at Apple and go founder modee go found it's rough uh do we have any more promoted posts no let's okay let's just close out with near uh near says love how Finance reporting found that the that they can phrase everything in terms of market cap to get technically accurate headlines like trillions of dollars violently wiped out from the
market forever when the reality is eg today that NASDAQ is at the price from 10 days ago that's hilarious I didn't realize that it's only been 10 days of gains wiped out you still you hate to see it though still sad still sad near and still leaves us looking for a bull market somewhere well that's our show thanks for tuning in if you tun in live
thanks for listening podcast first of tens of thousands T of thousands we'll be doing this for decades um and go leave us a festar review on Apple podcast or Spotify put an ad read in your review we'll read it on the show DM us bangers for Banger archive apply to pmf or die send us questions in the DM we'll answer them on the show mail us
stuff whatever you want to do is almost over on the East Coast it's almost 5:00 well actually it's past 5 okay but that's not an excuse to stop creating value so whether you're on the west coast the East Coast or at at the Bugatti in Baku azerbijan uh not over the show's over but the day is not over we'll see you tomorrow thanks for watching