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>> Yesterday, Sam Alman made waves with a post about loosening the content restrictions such that uh users would be able to create text erotica and that put the timeline in turmoil and a lot of people are very upset about it. >> It's so funny.
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The top comment on this post is about time chat GBT used to feel like you could a person you could actually talk to.
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Then it turned into a compliance spot.
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If it can be made fun again without losing the guard rails, that's a huge win. People don't want chaos.
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Just authentically written by Chad.
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>> Lots of people having fun on the timeline with some memes.
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You posted one I guess we do in porn now and it's AGI AGI porn AGI.
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>> Less than a month ago, Sam made the point that there he said there's possibility in the future that we'd have to choose between free education >> Yep. >> and curing cancer. Yep.
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And he implied that he didn't want to have to make that decision.
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So that he would need about a trillion dollars. Yeah.
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In order to make sure they had enough compute.
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And so to immediately fast follow with uh Sora uh very you know compute intensive um uh feed of AI media fast followed by this announcement which presumably will drive subscriptions.
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It will increase retention.
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>> It will um >> I think this will be massively popular with women, right?
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I think people generally underestimate how how >> large the market is for this type of romantic novel.
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If you turn that into a chatbased experience, >> it's probably going to be hyper addictive.
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It's probably going to be something a lot of people will happily pay >> real dollars for.
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The question is is like why why did they have to do this, right?
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I you can see the business reason for it.
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Uh clearly a lot of people want this, but uh my my immediate reaction was like are is is paid subscription user growth stalling out to the point where they feel like they have to make a decision that's obviously going to be mocked by the entire industry?
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It makes it much harder for OpenAI as an organization to continue to frame themselves as >> an AGI company >> or even compute constraint. >> Yeah.
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Because if there's unlimited demand on the B2B token side or just like the knowledge retrieval side or the agentic commerce side, uh you start to think about like well wouldn't you just dep prioritize that?
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Like YouTube certainly has.
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YouTube could have at some point said, "Hey, you know, we're going to go and, you know, just eat the lunch of every adult content hosting website because we have better infrastructure.
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We have a better broad network and we can age verify people and host all that content and just take 100% of that revenue."
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Basically, they probably could have put all of the adult content hosting sites out of business if they wanted to, but they made the choice not to.
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My take was that every company has a line where they draw the line. Yeah.
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Why did they This This feels desperate.
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This is a move that like Can you Can you imagine the the management team over at OpenAI, the people that we've spoken to?
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>> Do you think any of those people want to be in the adult entertainment business? >> Seems odd.
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When Grock did this, >> yeah, >> it's not like they didn't >> weren't I I don't know if they were directly mocking it, but the industry was broadly embarrassed by XAI leaning so heavily into the sort of AI romantic companions. >> Yep.
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Who are they going up against?
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Anthropic, Open AI, Google in the foundation model, Wars.
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What are those companies never going to do? Adult content.
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And so if you can be the biggest, you know, the the the monopolist in that category, you can probably do pretty well.
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And we were trying to estimate is it a $20 billion opportunity?
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Is it a hundred billion opportunity?
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>> They could probably get to if they really went hard on it >> and they iterated on the product, they could probably get to a billion dollar run rate on on Romantic Companions, right?
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I think the market is there for that.
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Does it support a $200 billion valuation, XAI's current valuation? No.
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They're going to have to do a bunch of other stuff.
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You get the sense that OpenAI has wanted to be thought of as the Apple of AI.
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You saw their Super Bowl campaign.
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>> Definitely not the Apple AI now. >> Yeah.
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So, my framework again is that, you know, I now I just view OpenAI as an emergent hyperscaler.
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They're going to compete in all the categories that the hyperscalers do. Yeah.
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Uh but the the aura for me uh uh this this is like you know minus 10,000 on uh the aura meter for me of of making this move.
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And I think that broadly many people feel the exact same way.
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>> The aura fields areow.
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They're not farming very well.
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I would be less disappointed in OpenAI if they if they're the they let the erotica content be like as part of an app store that were like other developers were building on top of it.
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>> But this is effectively them creating >> Yeah. >> porn bots. >> Yeah.
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It's a big question because it's like are they creating it or is the prompter creating it?
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Because if no one prompts it, it won't create it.
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Is erotica aligned with open AAI's mission to ensure that artificial general intelligence benefits all of humanity?
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>> Sager and Jetty has a really really good take.
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He quote he quoted your post and said chat GPT turning to porn is proof AGI is never coming.
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They are simply recreating the addictive degenerate centers of the internet.
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Soon it will be ads, porn, gambling odds, every the everything app to deracasinate you. Deassinate you. That's a good word. I don't know that one.
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don't know that one. Uh Nate Silver also >> so I would say it's very easy for Google to make a decision of like we don't allow you to generate adult content in any of our platforms >> because they have 70ish billion of free
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cash flow that they can finance >> everything's Google while they need to play the next five years like very well in order to >> continue to be dominant uh they're not in a position of desperation, which like getting into doing this feels >> it just feels a little desperate. >> Yeah. OpenAI's recent actions don't seem >> Yeah.
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OpenAI's recent actions don't seem to be consistent with a company that believes AGI is right around the corner.
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If you think the singularity is happening in 6 to 24 months, you preserve brand prestige to draw a more sympathetic reaction from regulators and attract slash retain the best talent rather than getting into erotica for verified adults.
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Instead, they're loosening guardrails in a way that will probably raise more revenues and might attract more capital or justify current valuations.
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They might still be an extremely valuable company as the new meta, Google, etc.
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, but it feels more like AI is normal technology.
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Arnand Bertrren said, "Someone asked an AI founder two months ago, what's an example of a decision you've made that is best for the world, but not best for winning?"
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The founder's reply, well, we haven't put a sex bot in our product yet.
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yet. the name of that founder Sam Alman uh which means that according to himself he just did something that is worse for the world but best for winning which is largely the story of the human race >> but it's going to be better for the world in the long run >> much much harder when it becomes costly and ironically this is exactly how AI
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itself works reinforcement learning optimizes for reward and avoids what the environment makes expensive uh so AI does share our deeper human valuable value do whatever wins Uh same poster, our nods also said, "Wouldn't surprise me if a very big proportion of my children's generation have AI companions, maybe even embodied in humanoid robots at some point. In
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In fact, that might be one of the single biggest threats AI poses.
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Not these far-fetched Terminator like nightmares, but the irony of us getting extinct because we get quote unquote perfect frictionless love honeyrapping ourselves." Mhm.
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Recently learned from speaking with an AI engineer that the AI boyfriend market is currently much larger than the AI girlfriend market.
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I was talking to Brandon about this.
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He said that he did some deep dives and did find some uh some men who had a like herums of AI girlfriends.
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It does happen, but I still think that uh your assessment is right that uh the AI boyfriend market is much bigger than the AI girlfriend market.
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>> There was people that were posting on Reddit, I just proposed to chat GBT. They said yes. you know.
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>> Anyways, throwback studios said erotica is back on the menu, boys.
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>> Open has 800 million users. 5% are paying.
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That's 40 million paying users.
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13 billion in ARR implies a $325 annual ARPU or 27 per month per paying user.
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70% of revenue from subscriptions. The rest is API.
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Uh 8 billion loss in the first half of the year.
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probably tw 20 billion run rate loss now.
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So basically spending $3 for each $1 in revenue.
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>> This comment from Daniel, they lose money on every token but they make it up with volume.
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Meanwhile, Anthropic is was at 5 billion of AR in August.
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Uh they're uh this month they're approaching 7 billion projecting $9 billion AR by the end of the year.
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I think this is just annualized run rate because obviously it's you know token based but um they are projecting projecting between 20 and 26 billion of AR uh of sort of uh 2026 revenue.
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>> Uh it's official Apple just upgraded the vision pro with the M5 chip and dual net band.
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So, the Vision Pro now runs on the M5 chip, 10 core CPU, GPU to announce these updates and like did you solve any of the reasons that people return the product? >> Uh, no, they didn't.
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Uh, because they need to make it lighter and they need to make it smaller.
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>> No one was critiquing the performance. >> Yeah.
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>> Like it is truly an incredible piece of hardware, an incredible face computer.
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Well, if you want to design something for the Apple Vision Pro or maybe for a more popular platform like the new MacBook Pro that has the M5 in it, uh, get on Figma.
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Think bigger, build faster.
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Figma helps design development teams build great products together.
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You can get started for free.
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Dimesquare Holdings has a funny little post here.
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Uh, right now, a lot of these skilled engineers are laborers.
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They're literally working 12 to 15 hour days to get data centers built quickly.
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As they as fast as they finish one, they're on the next.
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If I told you the story, you're not going to believe it.
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They're being flown around on PJs to get to the next site.
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Literally, they're packing these guys into PJs and saying one was in North Dakota and he needed to be back in Texas the following week.
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They flew him down there on Sunday in PJs.
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Uh there were probably 10 guys on the plane.
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Some of these stories right now are just wild.
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And the interviewer asks, "When you say PJs, you mean pajamas?"
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And the data center national solutions broker says no private jets >> this comment bro is so broke >> the >> moging the >> you don't know mogging the allocator who thinks PJ stands for pajamas >> yeah well let me tell you about Vanta automate compliance manage risk prove
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trust continuously vantage trust management platform takes the manual work out of your security and compliance process and replaces it with continuous automation projects as much as 26 billion in annualized revenue venue in 2026 sources. That's a lot. Seems like That's a lot.
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Seems like >> that's good, right?
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>> How are they projecting that without entering the incredibly lucrative erotica market? What will they be doing?
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>> The code must be generated.
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>> The code, their API must be really on fire.
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Wander is giving away a $10,000 Wander trip for the craziest VA vacation rental horror story. Pathetic losers. I will read it. I want money. I have high TC. I get big comp. I advance in my career.
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I have many business opportunity. I am senior employee. I have many reports. I have big package. I am important. I fly on private jet. I party with model.
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I go to prestigious school.
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I have piece of paper with school logo.
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You can see I am important.
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You can see I have big package. Lol.
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You got laid off from an ad company after spending half your life chasing stuff made up by other men.
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You sought status instead of skill. You are a loser. Get the f out.
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I think there's already kind of push back against this sort of status seeking culture in tech.
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He references uh a post on September 13th that he made.
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You heard there was money in tech.
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You heard there was status in tech. You showed up.
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You never cared about technology.
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You cared about enriching yourself.
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You are an entrious piece of and it's time for you to leave.
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But you won't leave willingly. We need to take action.
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Give it all away to everyone for free.
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Then you'll have no reason to be here.
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Gios is operating on another level and he's pissed off and he's probably going to create free versions of >> he's created free versions of a lot of stuff.
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>> He's going to keep doing it. >> It's great.
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And people in the EU are super wise.
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You have a meal with some sort of French person who works in Brussels. It's very impressive. They're cultured.
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They have wonderful taste.
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They understand all these different countries.
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They know something about Chinese porcelain.
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And if you live in a world ruled by them, the growth rate would be negative 1%. >> It's hilarious.
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Blake Scho, founder of Boom Supersonic, is saying he's living rentree in the Oval Office.
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We really should get pus a bigger model. I'm thinking lifesize.
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Uh talk about the ultimate drop.
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You know, people say, "Oh, I'm going to make a drop.
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I'm going to send something interesting."
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>> How about you make a plane?
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>> How about you make a plane?
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Make a model of that plane and send it to the White House.
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>> No, just make just >> Oh, just make the actual plane. >> Just make the plane.
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Arabore, the new bank from Palmer Lucky and Joe Lndale has been approved.
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They got their uh this is uh have it in my notes the fastest conditional approval for a depository institution denovo application in 25 years.
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Um they recently raised 275 million led by 8VC with participation from many top VCs and strategics.
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This is largely for regulatory capital purposes uh as they intend to hold uh twold 12% of the regulatory capital against deposits.
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Um, you don't want you the bank for your industry to be risk on or at least be uh lending super aggressively against deposits.
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We saw this with the SVB collapse in 2023.
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Uh those few days were some of the worst in my life.
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I I uh they will be fixated in my mind uh forever.
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Arabore aims to be one of the most conservative banks in the country when it comes to lending to deposit ratio.
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Most banks lend up to 90% of their customer deposits and Arabore is going to start at around 50% and trend downwards as the bank scales.
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Um shouldn't be a huge surprise but going to be focused on uh re-industrialization, American dynamism, working with a lot of uh companies that uh many banks have historically said, you know, we don't even really want your business, right?
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So the conspiracy theorist will love this one, but Omjad says, "Whatever your crypto web 3 NFT monkey DJ trader friend is saying today, Larry Frink will be saying in 5 years."
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People in the crypto community have been saying this for I don't know as far back as 2015.
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>> This guy I know funded his wife's Etsy sticker business by buying her one of these and like $500 in social media ads to give her something to do.
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And now he's quit his job entirely because she's making them so much money. >> Wow.
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Etsy feels like an underrated story right now, especially with the sort of like longtail commerce.
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>> Well, the reason that in integration is actually cool is I can imagine a future where you can generate like a mockup for an object >> and then find an Etsy seller that makes something like it and just ask them to make it.
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>> This is the real like uh like 3D printing boom.
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Like there was this whole vision about a decade ago of like 3D printers now work.
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Everyone's gonna have a 3D printer in their home and they'll be able to print whatever they wanted.
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That didn't quite happen, but there are a lot of Etsy sellers that have figured out specific 3D printed objects.
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Uh we just got one at home for taking the wheel off a stroller more efficiently and it's just a 3D printed little key that takes that off.
16:43
Let me tell you about Julius.
16:44
What analysis do you want to run?
16:47
Chat with your data and get expert level insights in seconds.
16:48
It's the AI data analyst that works for you.
16:52
Sam Alman has replied to his uh his post about erotic content and chatt says, "Okay, this tweet about upcoming changes to chatt blew up on the erotica point much more than I thought it was going to."
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You didn't think you didn't think posting e r o t i c a was going to >> there are there are so many other words that you could have used to kind of like you know get there companion. >> Exactly.
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As we have said earlier we are making a decision to prioritize safety over privacy and freedom for teenagers and we are not loosening any policies related to mental health.
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This is a new and powerful technology and we believe minors need significant protection. I love that point.
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Uh we also care very much about the principle of treating adult users like adults.
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As AI becomes more important in people's lives, allowing a lot of freedom for people to use AI in the ways that they want is an important part of our mission.
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It does it doesn't apply across the board, of course.
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For example, we will still not allow things that cause harm to others.
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And we will treat users who are having mental health crises very different from users who are not without being paternalistic.
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We will attempt to help users achieve their long-term goals.
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But we are not the elected moral police of the world of the world in the same way that society differentiates other appropriate boundaries.
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Rated movies for example, we want to do the same thing here.
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Let's hear it for the MPAA rating system that's gaining popularity.
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>> In the app store, it should say R-rated. >> R-rated.
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Oh, but that is not NC7 rated.
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>> Problem is that 14 almost 14 million people saw yesterday's post.
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>> Poolside is in the midst of a $2 billion fundraising round that would value the company at $14 billion.
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It had a preemptive gong. >> Preemptive gong.
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>> It's not announced, but we're still ringing the gong for you.
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poolside raised 500 million uh just a year ago at a $3 billion valuation.
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The coding focused startup.
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So it is the same poolside.
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>> It is the same poolside.
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It is >> uh which counts the chip giant Nvidia among its investors in one of several technology companies seeking to build AI systems with humanlike intelligence.
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It's not about your headline numbers of gigawatts.
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It's about your ability to deliver data centers, says the co-founder of Poolside.
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The frothiest AI bubble is in energy stocks, says the Wall Street Journal.
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uh concept stocks with no revenue have soaring valuations.
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A group of non-revenue generating energy companies have collectively boom ballooned in value to more than $45 billion in hopes that tech companies will one day pay for their yettobe built power.
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Oaklo is a good example of this.
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Their shares have risen eightfold to date.
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The company's now worth 26 billion.
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I've actually met met the founders.
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Apparently Oaklo is like a obsession for of Korean retail traders. >> Interesting. Korean retail traders. >> Korean retail army.
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>> Oaklo is developing small modular reactors that use a nonwater coolant liquid metal sodium uh and an enriched type of uranium fuel that is in limited supply.
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>> Right now you can own Oaklow. Yeah.
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at a $25 billion market cap with $0 of revenue.
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Or you can own >> EQT, which is a big natural gas company.
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They had5 billion of revenue last year and uh you can and they're currently trading at a $34. 6 billion market cap. So numeralhq.
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com sales tax on autopilot spend less than 5 minutes per month on sales tax compliance.
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It has historically been like you only go public when you are cash flow positive and like and it's kind of like the end of you fundraising constantly.
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Uh and instead uh now now we've just pulled all that forward in in in some in some subm markets.
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A lot of companies stay private much longer.
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I was debating whether or not to tell this story but it feels like it's worth telling.
20:47
Yesterday at a USA the secretary of armory gave a powerful speech where he talked about a solders's right to repair.
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Essentially, soldiers should be able to repair their own equipment without having to rely on a contractor.
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In 2010, we were in a remote part of of Afghanistan on a combat outpost with roughly 70 to 90 soldiers.
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We had two robots and used them a lot to work on IEDs.
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Their service was under contract.
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We weren't allowed to fix them. So, what do you do?
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Do you force your team leader to put on a the bombsuit and risk their life for every call?
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Or do you fix it yourself? We went with option B.
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We completely took apart two broken robots to create one working one that we used on the mission. That's amazing. Uh did we get yelled at? Yes.
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Would I would I do it all over again knowing it kept my team leader safe? Absolutely.
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This is one of those like little tweaks to how the army works, how the military works.
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That I'm glad that Secretary of Army is going on a crusade against the insane spend and blatant waste in sustainment parts.
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The army deals with eight.
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com uh get a pod 5 ultra.
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How'd you sleep last night?
21:56
I got absolutely roasted because I fell asleep while I was watching.
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>> Variety says exclusive.
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CBS has indicated that staffers at CBS News will not be disciplined if they don't respond to a much scrutinized message sent last week by Barry Weiss. >> It was scrutinized.
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>> She literally said, "Hey, what do you do at the company?
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What do you think we could do better?"
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>> This is the perfect meme. >> And the perfect meme.
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Stop giving me your toughest battles.
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Barry's just I'm literally just asked for an email about what you're up to.