I see multiple journalists on the horizon. Founder. You're watching TVP. Today is Thursday, January 29, 2026. We are live from the TVPN Ultra Dome. The temple of technology, the fortress of finance, the capital of capital. Let me tell you about ramp.com time is money save. Both easy to use. Corporate cards, bill pay, accounting, a whole lot more. They got super bowl ads too. In just a few days. We're counting down the days to the ramp super bowl ad. We're very excited for it. Also not the Super Bowl. Counting down the days. Yeah, I learned a fun fact. I think I put it in here. Apparently they had a Super bowl back in 2001. Okay. Have you heard of this? Tell me more. So I got followed by this account that's called 2001 live. 2001 live. It's 25 years ago live. It's a cool account and in here they flash back to like what was happening, you know, 25 years ago. Every day they post what happened 25 years ago. It's kind of cool. Account followed me. I followed it a while ago, but it followed me. And I saw a post in here that said 25 years ago they did a Super bowl in Tampa, Florida. The Baltimore Ravens beat the New York Giants 34 to 7. This is the Ravens first Super bowl title. I guess people are not happy about that. I don't know. But anyway, very excited for the Super Bowl. In other news, let's run through the linear lineup. Pull it up. Meet the system for modern software development. 70% of enterprise workspaces on linear are using agents. And we have a fantastic show. We we have Anton from Lovable coming in studio in the ultra dome. Then we got Christian Delian from Hillen Valley breaking down what's going to happen at the Hill and Valley conference in just a few weeks. And then we got Eric Sufinator. We need a nickname. No, we love Eric of course from mobile dev memo Heracles Capital. And he's coming out at one. We're going to talk about ads, ChatGPT ads. How's rollout going? Also obviously earnings makes a of ton sense. And then Kevin from OpenAI is coming on again returning about science and science, AI and science. And if we're seeing a clawed bot type moment, feeling the AGI in science, what we should be looking for there in 2026. In other news, of course we will go into earnings and whatnot today. If you're tracking earnings, make sure to head over to public.com investing for those that take it seriously. Stocks, options, bonds, Crypto, treasuries and more with great customer service. So in the news today, Apple said this morning that it has acquired Q AI, an Israeli startup working on AI technology for audio. Yeah. Apple didn't disclose the terms. The company was backed by Matter Venture Partners, Kleiner Spark, XOR and gv. So nice little lineup and great outcome. The Financial Times reported it was worth nearly 2 billion. So pretty meaningful deal. Apple is not known for really paying up on a lot of different M and A that they're kind of folding in to their roadmap. We had Mark Gurman on yesterday talking about how Apple uses M and A effectively to accelerate the roadmap. So according to Reuters, Apple did not say how it will use QAAS technology, but said the startup has worked on new applications of machine learning to help devices understand whispered speech and. And to enhance audio in challenging environments. QAI last year filed a patent to use facial skin micro movements to detect words mouthed or spoken. This is, this is. We've seen a couple startups that are, you know, doing like the whisper, like what do they call it? It's like telepathy almost. It tracks your mouth movements so you can just. Then it like will track when you. Sound really, really crazy. So facial skin micro movements will be used to identify a person and assess their emotions. Heart rate, respiration rate indicators. Very sci fi. Qai's 100 employees, including the CEO and co founders, will join Apple. So it seems like founders, yeah, you can. Aviad Meisel founded three dimensional sensing firm Prime Sense and sold it to Apple in 2013. Absolute dogs, they're doing it. The Prime Sense deal eventually helped Apple move away from fingerprint sensors on its iPhone and toward facial recognition technology. Interesting. Nell said joining Apple opens extraordinary possibilities for pushing boundaries and realizing the full potential of what we've created. So very, very wild to be going back to Apple for a second time. And pop quiz for Tyler, why does Apple acquire companies? I mean, why? Questions are usually pretty open. Okay, good answer. But Mark Gurman told us, why does Apple acquire companies? To accelerate this. Accelerate the roadmap. Yes. And it's funny because I asked him why are we gonna hear Tim Cook say that? And he was like, oh, because earnings. But we're basically hearing him say it today with the surprise acquisition. That's obviously the line from Apple and it makes sense. This is something that is uniquely acceleratable because of the Apple hardware ecosystem. They can Deploy this through AirPods. They can deploy this through the phones just like they did with. If you have that technology and you're like, oh well, in order to log into your computer with your face, you're going to need a third party device that you plug into the usb. Like no one's going to do that. But if you're just like, yeah, it's going to get baked into the hardware. We have the patents, we have the technology. And haven't you been wanting them to make more moves in specifically audio and transcription for a while? I've been like an audio interface bull forever. Like since I worked at a startup that competed with Siri in 2010 or something like that. It was actually a good outcome. I didn't get an equity because I was just an intern, but it was actually a great outcome. They sold to Dragon, naturally speaking and everyone made a bunch of money but Siri, here we go. But Siri was like the hot kid on the block back then. And Siri came out of Stanford, so they were much closer to Cupertino. These guys came out of mit, very similar natural speech recognition, machine learning pipelines for understanding speech, doing dictation. Their main platform was BlackBerry because BlackBerry was really, really big. They had a BlackBerry app store. They did a deal so that you would get pre installed so you'd get a big check from rim. They did a very interesting out of home campaign where they bought billboards right outside of Research in Motion, the maker of BlackBerry's headquarters, because they were advertising. Yes. Adquick didn't exist then, but they should have used Adquick because they were basically, they only had one customer effectively. I mean they had every customer that could go buy the app. But then all the other apps that were on either Google and Android quickly rolled out competitive features with Google Assistant. Siri got acquired and so it was very clear that like Apple was not going to be a really fertile ground for playground for them. And so they needed to get sort of like the attention of the BlackBerry execs. And so they put up a billboard right outside their headquarters, which I still like as a strategy. I think it's very fun. But yes, I've been very bullish on this. I was thinking back then that people get their wisdom teeth out. This is very weird in cyberpunk, but if you got your wisdom teeth out, you could potentially create, add a port for storing a microphone. Tyler, do you have any of these? I should have got that. Yeah, exactly, because a lot of people get them out and then you could just put a port there and you could insert basically the tip of an AirPod. Very, very small device that you would Charge and then you put it in. And then when you're whispering, you can just hear it can only hear that. And it goes dictation straight to your phone. Obviously that's unnecessary because you can do bone induction. You can just also just have an AirPod in and just talk out loud and not care what people think. There's those crazy muffled things. You've seen that where you put on the headphones and then it puts like a cover over your mouth so you can talk in public. Oh, yeah, it's silent around you. Kanner says, I want my iPhone to unlock only if I silently mouth the words open sesame. Think. Could be in the future. I was wondering about. That would actually be nice if there was some other element because you still have this, like wearing sunglasses, trying to unlock your phone sometimes some pairs of sunglasses. I have it one shots it others. It's. It's like, you know, pretty annoying. I was wondering about the quality of whisper transcription these days. Like if I just open up whisper on the ChatGPT app, put my app, put my phone in my pocket and just talk, can it just hear through my pants pocket and just dictate perfectly now because like, AI is so good at transcription that it can be really muffled. Like you can have music playing in the background and talk to whisper and it just won't. It just won't mess up. So there is a world where you don't actually need like a separate pin. You just have something anywhere on your body and it knows, okay, this is what John sounds like. Let's kill all the background noise. Let's get. Kill all the other people talking. Let's isolate that with AI. It seems pretty, pretty good for that. Anyway, let me tell you about Lambda Lambda is the super intelligence cloud building AI, supercomputers for training and inference that scale from one GPU to hundreds of thousands. One more thing on this QAI acquisition they're using, going back to their patent, using facial skin, micro movements to assess emotions, heart rate, respiration rate, and other indicators. You could imagine where a world in the future where you have Apple smart glasses that effectively have like health monitoring, tracking, respiration, heart rate, all these different things, and just basically integrating the features you're getting from the Apple watch today. Seems. But I wonder what it's really unlocking that the watch can't do. There's always the question when you, when you pitch a new device. It's like, well, your phone does have a camera on it, so you're not. This is like the smart glasses aren't. The first, yeah, but it's a new device. But it's a Lindy form factor, right? True, true, true. Like this something we've talked about in the past. It's like the new hardware that's taken off is an existing form factor. It's like headphones, eyewear. You have watches, right? Creating these pendant things so far hasn't hit it's fair. I just think on the heart rate issue specifically, there was an app before the Apple watch existed where you could put your finger over the camera of the iPhone and it would use the light, the flashlight, which was right next to the camera at that point to light up your finger. So your finger would turn red and then it would take the sensor data from the camera and measure the pulses of the red and give you your heart rate just from touching your camera. It was pretty cool. It was completely outside of the Apple ecosystem, just. Just an app that you could download or pay for. And so the phone can take your heart rate, the watch can take your heart rate. If you give me glasses and you say those glasses can also take your heart rate, I'm like, I got enough heart rate measurement. I can also just go like this and estimate it. Like there's a bunch of ways to know that your heart rate's spiking, maybe tracking it's in different. But it feels like they need to go farther and the real opportunity is something more around. Audio interfaces, link it to Siri, have more ways to triangulate what the person's trying to say, what they're saying in a noisy environment, whether they're trying to be quiet and you still want to isolate what they're saying. Having a back and forth reducing latency, all of those things are very critical to success in that category. Anyway, we are going to be in San Francisco on February 3rd next week for Cisco's AI Summit. It's bringing together leaders from Nvidia, OpenAI, AWS and more to discuss the future of the AI economy. The whole thing will be live streaming and we'll be there for a gigant stream. Did the fireworks get longer? I think so. I think they got longer today. There's a lot to celebrate. John, let's go into Microsoft earnings. Microsoft. So Microsoft shares have taken a dive as data center spending overshadows earnings surge. Let's give some numbers here. So Microsoft's Q4 revenue was $81.3 billion, which was higher than the consensus estimate of 80.23 billion. So they're making money. There's no lack of demand For Microsoft services Q3 2025 revenue was 77.1 billion, up almost 5%. And year over year growth was 17% for Microsoft as a whole. But the stock sold off by 12%. And Microsoft is now just a tiny little $3.15 trillion company. Not bad, but still only down what, 6% over the past five days. There was a rise, yeah, I mean, people get excited about the OpenAI investment, which did show up in earnings. So OpenAI owns roughly 27% of the new for profit entity. Sorry, Microsoft. Microsoft owns 27% of OpenAI's new for profit entity. And that value is actually reflected in Microsoft's earnings. And of course, more importantly, the GPT models are truly frontier. Like we've seen it again and again. There's like this horse race over this model's better at this thing, this bottle is better today. But it's just very clear that OpenAI is on the frontier and in the conversation for pretty much every application possible. And so you can just imagine, you take GPT 5.2 Pro, you vend that into knowledge work pipelines for Microsoft users. That sounds really useful. They aren't behind on coding. We've heard great stories about how Codex is a great model. Maybe it's a little slow, maybe they need to speed it up, but people are having a lot of luck with the Codex. And so you can imagine that Microsoft is capable of integrating Codex into all sorts of different pieces of the Microsoft empire to create agentic workflows. And then they also have a deal with Anthropic. They also made an investment. So they are multimodal, multi platform. But the problem is that Microsoft seems to be constrained on the data center side. So the CFO Amy Hood said on the Microsoft earnings call that limited availability of artificial intelligence hardware is affecting how quickly Microsoft's cloud cloud business can grow. And it's capping Azure's revenue potential. Not good. They need to take another trip to Abilene. They need to build more data centers. But it's tricky, it takes time and right now maybe it's just a data center capacity issue. What's next? Is it going to be an energy bottleneck? Is it going to be a chip bottleneck? These are stories that we're tracking. Ben Thompson is starting to sound the alarm bells around tsmc. TSMC capacity constraints. And what is TSMC doing on the capex front? Are they investing enough? Are they at risk of holding the bag if AI stalls out? Are they taking enough risks that if the AI boom continues that they can continue to deliver and ramp up or will Samsung and Intel need to step up and will companies like Microsoft need to put pressure on those companies? So that's another point of debate. Yeah. So David in the chat is referencing this, but basically, obviously it's amazing that Microsoft owns such a big slug of OpenAI. That's great. But the challenge is so much of their backlog is OpenAI and they're actually getting less credit for that. Right. The same way that Oracle had gotten punished for it. Now it's Microsoft's chance to actually get punished. And Microsoft, if you actually zoom out a little bit and just look at the last six months, down 17% in the last, in the last six months and down 4% over the last year. So it's funny, like in a year where it feels like the last year Satya and Microsoft have just been on this insane run, they've fully round tripped. Totally. Totally. Yeah. Before we move on to Meta, let me tell you about Sentry. Sentry shows developers what's broken and helps them fix it Fast. That's why 150,000 organizations use Keep their apps working. So Meta also reported earnings yesterday. 59.9 billion in revenue in Q4 of 2025, beating expectations of 58.5 revenues, up 16% from Q3 of last year, which was 51.24. The company's growing its revenue 21% year over year. That's higher than Microsoft's 17%. Top line growth stock popped 10% after hours and the market cap is now 1.4 trillion. So mark Zuckerberg told analysts on the earnings call in 2025, we rebuilt the foundations of our AI program. That should be obvious. So many, so many acquisitions, so many hires, so much, so many experiments, so many different, so many different strategies and discussions and changing of the guard and restructurings, layoffs and reality labs. It's the compute desk. There's been so many stories about Meta rethinking their AI platform, re architecting the foundations of it. So he continued to say, over the coming months, we're going to start shipping our new models and products. Very excited for that. He says he's shipped. I expect our first models will be good, but more importantly, they will show the rapid trajectory we're on. And I think that we all have high expectations. I don't think anyone's expecting them to jump way, way out in front of everyone else. But if they can just be in the conversation with DeepMind, Anthropic OpenAI, I think that will quell a lot of. The, that but also what are they doing with them? Yeah, I think that matters. I think that matters more. Really, really important because you look at. This is why I'm excited to talk to Eric later today. But you look at Meta's business and the way in which Genai can accelerate everything from generating more content on the platform to having better ads to better targeting. All these things. Right. And not to mention, like where they can just vend it in at the product level. Right? The product stuff is tricky. Yeah, I mean, like, I've bumped into Meta AI in Instagram many times and you do get reasonable, you know, natural language responses, but it clearly still has the knowledge cut off. It's, it's not searching the web as effectively. It's not pulling together. It doesn't feel completely native to the platform. Like, if you go into Meta AI in Instagram and you ask it to go and hunt around in Instagram for a specific creator or reel based on some clues, it doesn't feel like it has the hooks to really go in and understand. Okay. Based on what you point watched and what I've showed you in the past, this is probably what you're thinking of. Like that is sort of a superpower where, you know, there's so many times when you're on the timeline, you're like, I saw this post, I didn't bookmark it, didn't like it. What was it? And you want the search products to be empowered magically. What are we laughing at? What are you thinking? You gonna flashbang me again? Yeah, close. Continue. Anyway. I think that there's the basic case of they gotta get an LLM that's frontier, that has the big model smell, fun to talk to, good vibes. Then they need video and audio models that are rock solid. And then they do need to vend those in. I think just having an API or just having a place where people can generate photo real videos or even things like Sora where it has the aesthetics and pacing and cuts of an Instagram reel that doesn't feel like it's enough. It feels like to really empower like the Instagram creator, it needs to be built into the platform. Like the, you know, like the captions are, or those like, you know, the face filters on Snapchat that started there, like augmented reality stuff, replacing backgrounds, just letting people still bring what's personal to them, their, their family, their experiences, their car. But take a couple photos of their car and turn it into a really, really awesome drone shot of them driving their car. I've seen a lot of really sweet edits where people will fly a drone over a car, then they'll have a first person GoPro on their chest while they're driving their car. And then they'll use AI to interpolate between the drone shot and their first person view because they can't actually like if you have a multimillion dollar Hollywood budget, you actually can fly the drone into the car, have someone sitting in the car, they grab the drone and then they hook it on a crane and the crane takes it out and does a different shot with it. But that's like a multimillion dollar. Experts, tons of equipment. There's all these crazy things where someone will be on a Steadicam, on a cherry picker, this crane comes down, then they start walking into it. You can do these really elaborate shots, but with AI you can, you can, you can interpolate and like make those transitions. And so even just like AI powered transitions would be a really, really cool thing to bring. Yeah. Not to mention they, they own Manus now which is a fantastic product team. They've built some great agents. You can imagine them integrating like, basically like prompts to short form video. Right. Where you can just describe the video that you want to make. Insert reel, like basically like generate B roll for this, pull footage from around the Internet, whatever. And so there's so many things that they can do. And again, they've just been using Meta AI as a sandbox for the most part, but I'm just excited for them to start shipping across. The remixing thing is so underrated because there's a lot of people, the number of people that have true inspiration for new formats is pretty low. People always do the same thing. Yeah. Think about the remix functionality. If you see a funny video and you can just basically do a character swap in there. Exactly. And it's like that's a new content that, that's going to be chaired and a bunch of people engage with. Tyler, what's your take on Meta's new plans for 2026? Yeah, I mean I definitely think the image and video models are much more important to get right than the LLM. Mainly just because like it seems like very natural them to vent it into everything compared to OpenAI or Google who are like right now finding it out in image or in video. So it seems like if they can kind of do really well, you can get OpenAI and Google out of that race basically. Yeah. And then the lm, it's like, it's, it's unclear what the actual like use Case will be in the short term. Eventually you want some. Some cool, like, you know, claudebot style agent somehow vented in, but it's unclear how that's going to work out. So I think in the short term, I'm very excited on the model. Yeah, I mean, I could. I really like that model of like the LLM going around and just like seeping into the cracks of all the different product experiences, but in these, like, really subtle ways. Like, YouTube now has AI generated summaries on videos, and you can chat with a video. So if you're watching someone build a PC, you can ask Gemini on YouTube, hey, just print out the exact list of parts that the person used to build the PC. And there might be a parts list at the end of the video. There might be a parts list that's randomly mentioned throughout. Sometimes a creator might actually link to a real parts list, but Gemini allows you to scrape the transcript and then just get that however you want and then transform it or, you know, add prices to all of it or see if it's available in Japan, because I'm in Japan. All these interesting things. And I can imagine on Instagram being able to go to a post that has like thousands of comments and just say, hey, I want the LLM to kind of summarize the sentiment. Like, what are the facts? Like, you know, people were debating whether or not this is AI. Is there a consensus? Or people were adding context. What was the key context that people were adding? There's a lot of posts that are basically like rage bait or clickbait, where it's unclear what's going on in the video. And so you go to the comments and people. I don't get it. Or like, they put up that sign, like, context needed, please. Right. And so you can kind of do that. Yeah. But I feel like that stuff can just like, I'd rather just have that be in the, like, recommendation algorithm, like, sorted. If it's like comments, if everyone in the comments is saying, this is clickbait, just don't put it in my recommendation algorithm. Right. It's like also on X, there's Grok, right? Yes. On every post you can ask Grok. I don't think I've ever used that. You've never used that? I use that. I find the little, like, you know, where you add a little bit of AI here and there. I like. You don't like to use anything. Maybe that's just, you know, I'm a fan. I do see posts where there's. There's, you know, a list of companies that someone's talking about. Oh, here are all the cool companies that I like and I can click and just get a little summary of each company and I don't need to. To pull it out. Go to a different model. I don't know, I feel like once a day Grok will share context on something that is actually valuable. Yeah, totally. Like in general, even in the comments because some people add it, somebody added it. Like I remember Eric Sufert yesterday was responding to something somebody was basically saying, like, shareholders voted against the Tesla XAI investment. And then obviously they went ahead with it and Eric responded and he was like, hey, was this real? And then Grok just shared kind of the history on it. It's like somebody else could have shared that and provided the context. But yeah, I can do it instantly. Helpful to have a little bit extra context there. Applovin profitable advertising made easy with Axon I get access to over 1 billion daily active users and grow your business. Today Suspended Cap says I got a really respect Zuck willing to spend over 50% of revenue next year when they still haven't delivered a single compelling AI product. Hell yeah. Yeah. I mean the Capex is crazy. So that's the whole thing though. It's $200 billion in revenue in 2025. That's so much revenue. It's a lot of ads. But now they're going to plow 135 billion according to the Wall Street Journal. New York Times had 115, but either way it's like more than half the revenues, I think. I think posts like this are funny and I think you can definitely agree that Meta has not shipped a super compelling, you know, AI product yet. Even though Meta Vibes has traction. Not necessarily in our world, but certainly has some traction. But you have to like, this is the guy that owns the world's largest trough or one of the world's largest troughs, right? And so he has, he knows that it's working. He knows he can see the future, right. He has all the data. He knows that people say they don't like AI content, but they do. In reality, they actually do. They engage with it, they watch it, they make it. The engagement must be growing exponentially even though it's very small. It started at a base of zero and then you got Harry Potter, Balenciaga, and Now you have 10 videos a week that are going so. So I look at this different than than some of the Metaverse bets just because Zuck is one of the biggest beneficiaries of Gen AI. And so it's totally warranted to say, like, hey, we should invest an obscene amount of money in this. This is clearly the future. Yeah, yeah. I mean, there's so many different ways that no matter how you play out the AI future, Meta is a beneficiary of that. So it makes sense that they're investing so heavily. But it is like a remarkable shift in the financial structure of the business. If you go back to thinking of previous years, spending more than half of revenue on Capex feels like a lot for a software company. Right? It's like high margin whatnot. Anyway, Vibe Co where D2C brands, B2B startups and AI companies advertise on streaming TV, pick channels, target audiences, measure sales, just like on Meta. Let's talk about Tesla. Tesla reported revenue at 24.9 billion and this beat the consensus estimate just slightly. Consensus was 24.78 billion, but down 11.4% from the quarter when revenue was 28.1 and 3% decline year over year. And Tesla's down 2% this morning. There was also a 61% drop in profit. And they're shuttering the high end models of production. So they're stopping producing Model S's and Model X's, which I think the Model S and Model X features will be sort of rolled into trim levels like we've already heard about the. So I was debating Jordi about this earlier. I thought that the Model Y and the Model X were the same length. The Model X is in fact almost a foot longer. So it is a bigger vehicle. They both have the option to have three rows. They both have very similar specs, but the Model X is bigger. But in China we've heard that they're working on the Model Y L which is a long wheelbase version that will be, I believe, longer than the Model X. So you have the ability to get a big Model Y and then they're already doing different trim levels with long range plaid. So if you take the plaid badge and you put that on the Model Y L and then you add different specs and you say, oh, I want to spec my Model Y with gullwing doors, maybe all of a sudden you're back in Model X territory and you're dropping 100k. But there's just no, there's no denying that the Model S and X sales have slowed and there's a whole bunch more competition at the high end EV market from Lucid Rivian. And so Elon is fully thinking about what's Next, he broke out subscriptions for Autopilot Self driving for the first time. He was talking a huge amount about Cyber cabs and Robo taxis. He's making that cash investment in xai and of course he's really focused on Optimus humanoid robots, and it seems like he could be scaling up production there very, very quickly. And so, analysts, million subs of full self driving. Yeah, not bad. And it's what, 89? I actually don't know. I think you can look it up. I think I remember it's $89 a month. Yeah. But analysts, how much is it? I guess $49 a month for vehicles with enhanced Autopilot. There are a few tiers, but yeah, I mean, if you, if you build up the subscription, what is it? How much is it? I think it's 100. 100Amonth? Yeah. Yeah. So, you know, you got a billion dollars a year coming in from that. Not bad. And of course, very high margin because you don't need to manufacture it. Analysts thought Tesla was going to be cash flow negative for the quarter, but they actually were positive. They generated $1.4 billion in free cash flow and this was down just 30%. So there's plenty of cash to keep the aggressive investments going, especially as Elon shifts the business towards autonomy. He's not shy about making the change aggressively. He said we would expect over time to make far more Cyber Cabs than all of our other vehicles combined. So he's, he's fully, fully going all in on that. Yeah, it's a little, I think it's a little jarring for some people just because historically, car companies have thrived by creating the perfect car in each category for every different consumer. And Elon is basically saying, actually, I know, I know what you want and I'm gonna give you it. Yeah, it's, you know, you don't need that many options where you're gonna be able, like you said, to just leverage the different trim levels and spec out the car to satisfy. And probably, you know, I, I do think over time, like less and less trim levels and then, and then eventually it's just Cyber cabs and no one's buying cars anymore. If, if it really goes that way, I, I think this rollout will be slow. I mean, the original rollout of the, the electric car was 20 years. For Tesla to actually get to saturation, where you're seeing electric cars all over the roads, it'll probably be the same with people giving up their cars and going all in on, I only use waymo and Tesla Cybercab. Or maybe I just use one. But Elon certainly thinking in decades and not afraid to cut a entire business line that is still popular with a lot of people. I mean, I was just talking to somebody yesterday who was singing the praises of his Tesla Model X and how much he loves that and how he would never get a Y because the X is so much more premium. Everything about it's better, it costs a lot of money when he bought it. Still loves it. But you know, Elon's thinking to the future. Anyway, Gemini 3 Pro, Google's most intelligent model yet. State of the art reasoning, next level vibe coding and deep multimodal understanding. I love that sound so much. I know you do. Tesla also announced a $2 billion investment into Xai. Yeah, didn't they? They just did 20. Is this part of the 20? I wonder. I don't know. But yeah. So there was a non binding Tesla shareholder vote on authorizing an investment in Xai that failed. Although 1.1.06 billion votes were in favor versus 916 million against. Absten absentations. Abstentions. Like counting. Yeah. Not one or the other counted as no under Tesla bylaws leading to rejection. So they had run this as a vote. It got rejected. But Elon said we're doing it anyways. Doing it live. We should pull up reactions. Yeah, pull up this. I don't know where you want to start, but take him. Has a good one if you want to start there with Microsoft. I wanted to pull up this video of Optimus learning it has to make up for S X sales after they were canceled. Oh, this one. This is such a crazy video. Taking off the VR headset and just smashing down. I love it. This is really a Tesla Optimus, isn't it? At the same time, like the motion's remarkable and the force with which the Optimus just smashes the water bottle open is crazy. It's amazing. This thing is going to be super powerful. The insurance business that will be built around having a humanoid in your home is going to be remarkable. Remarkable. You're also going to need to secure these things. So let me tell you about CrowdStrike. Your business is AI. Their business is securing it. CrowdStrike secures AI and stops breaching. This was one of the standout moments of the earnings call for me, please. Elon and Tesla are transitioning their Fremont facility to make Optimus and they plan to scale that facility up to be able to make a million, a million of these things a year on a relatively near term time horizon. So very, very significant. He talked about how the robot would be able to basically learn on the job it's going to be able to do a number of valuable tasks. And yeah, I think, I mean, the big question for me is, like, what is. That's a good question for me. Well, they have an ad supporter. You have the Tesla walking around your house and it sees you pull out some sort of random credit card and it's like, are you not on ramp? Like, what's going on here? Or it sees you, like, having, like. Would you like a smoothie from athletic greens? Yeah, exactly. Yeah. But, yeah, we'll see. So the question I have is at what point will humanoids actually be like, ROI positive for consumers in the home or even just everyday businesses? And I would just judge that based on, like, okay, you're buying this thing up front. Yeah. Maybe a business finances it. Maybe somebody finances. Or they just pay cash. But is it valuable? Is it, is it valuable enough to actually replace a human? Because you're competing with your. The optimist is going to be competing with jobs that are maybe like 40, 50, 60 a year, like somewhere in that range. Yeah. And so that's a pretty high bar to clear. So we'll see. Yeah. And the risk reward calculation of, okay, you have this thing, it has cameras and audio. It's on all the time. Is it safe? If it falls over, is it going to crush my dog or hurt someone or smash something even just like doing the dishes. We've seen some incredible demos of humanoid robots doing the dishes. But you have to imagine that every once in a while it's going to break a dish. If it's breaking dishes at 10 times the rate of humans. Like, it needs to be superhuman at not breaking dishes, because if it smashes a wine glass while it's doing the dishes, that's. And can I clean that up? Is that, Is it going to be able to do that on day one? There will be like a slow ramp of people feeling like, okay, it's good enough. I'm getting a lot of value. Obviously there'll be a lot of novelty. There's already a lot of novelty. Like the Optimus is deployed in most of the Tesla showroom. Some breaking News from Reuters 21 minutes ago. Exclusive. Musk's XAI and merger talks with XAI ahead of planned IPO. SpaceX and X. SpaceX and XAI. Wow. Had a planned IPO. Okay, so this was something that many people were talking about predicting months ago at this point. But so so no, no, huge surprise here. This always felt like it made sense. I'll read through the article. I don't know how much context it actually has. So they're in discussions ahead of a blockbuster IPO planned for later this year. The combination would bring Musk's rockets, Starlink satellites and X social media platform and the Grok AI chatbot under one roof. Imagine owning X, the Internet's dive bar and space in one ticker. I mean, the companies launched a couple years apart, I think like 2007 and 2005 or something like flashing back to 2007, 2010, being like, yeah, Twitter and that space company that hasn't successfully launched anything. They're going to be part of the same company one day. That is a wild future. Yeah. I am curious to see if they end up at some point just spinning X the social platform out again. Like, does it really need to live? I think Musk holding companies just gets bigger and bigger and bigger and it all goes together into one because there's a lot of efficiencies there. Sean Puri from My First Million had a post about this, how he thinks Elon should IPO his personal holding company. So you get stakes in everything that he has stakes in. And he was proposing it like a Berkshire type structure, but instead of Berkshire Hathaway, it would be like Musk holding or something, or Musk's initials. I think a lot of people would be. Would be buyers of that. But it'll be interesting to see the S1's getting more complicated by the day as the, as the investment banks prepare for the June IPO for SpaceX. Now is June, that's the target, but it's late in June. It's June 29th or 19th or something. Yeah, yeah. So, yeah, we'll see. I mean, expected this to happen. I think it builds a. You know, again, some people will be frustrated with the narrative, the data centers in space narrative. Yeah. But no, it's real. It's real. And we saw this sort of like, sort of organized narrative shift around SpaceX being the data centers in space play. Yeah, that was the bridge. Like without that it didn't make any sense. And then, and then once, if you can get behind, okay, datas and centers in space is maybe possible, maybe, maybe. You want some on land too. Then it starts to make sense that the merger fits a little bit more. The other interesting data centers in space thing. Xai SpaceX thing. I just, I don't know. There is a fair odd history of telecom companies owning media companies so Comcast, NBC Universal. Right. Comcast was the owner of that. History rhyming. And so there is this world where you have the pipes and then you need something to push through the pipes. And so you own a media company that pushes content through that pipe. And it sort of rhymes. Right. It's like you have Starlink Internet connections and then you need something to go over those Internet connections. So X, the social network pipes over those. If you squint, it's not the craziest thing. The other interesting thing that I want to do, or we should talk to some of the folks who have done some of this data center and space analysis, is how powerful are the Starlink satellites right now? They have some onboard compute. They don't have Nvidia GPUs, they don't have whole racks in space, but they, they probably have some compute just to run the network. And I'm wondering like in terms of energy draw, are they one order of magnitude off, two orders of magnitude off? Like how, how, how underpowered are the current Starlink satellites? Because that could be an indicator of. Okay, well they need to scale them up by this much. They need to add this capability. They need to do X, Y or z really quickly. 11 labs build intelligent real time conversational agents. Reimagine human technology interaction with 11 Labs. Speaking of 11 Labs, 11 Labs is the new sponsor of Audi F1. Yes. John, you sent me a picture the other day of Audi out, I think testing. You were like, it's insane that they. Don'T have a Labs logo on there. Exactly. The sponsors were looking pretty sparse, but they're just adding them kind of in real time so it's fun to roll them out. Super, super exciting and exciting. I love the Audi, the new Audi livery. It looks very unique. Yeah. MKBHD responded to the news that Tesla is discontinuing the Model S and Model X and said, oh, Roadster is so cooked. Elon just responded a little bit ago said new Roadster will be incredible. So maybe. And MKBHD is in the process of getting community noted. Elon said on the earnings call they are aiming to unveil in April and production will commence in 12 to 18 months. The shareholder deck notes the Roadster is in design development. Lars VP of Vehicle Engineering said the Roadster was definitely in development. So it will be pretty funny to be in like, you know, something that hopefully will look like a hype look and feel like a hypercar. Yes. But then you're just self driving in traffic. It's like effectively like Depending on like pricing, it's not going to be like price. I think I'm hoping it looks like a hypercarp, but prices like a Turbo S or something like that. Yeah, yeah. I think the secret to success is probably 200 to $300,000. But it looks like a cyber car or cybertruck Huracan. Like low to the ground, super insane performance, self driving. But it has entirely new aesthetics that turn heads. Like the cybertruck is kind of. What was he saying on Joe Rogan? He was like. Wasn't he alluding to the roadster potentially being able to take flight of some sort? That's exactly it, yes. And we were debating with Doug Demuro from Cars and Bids and his own YouTube channel. What does the definition of fly mean? Like, we've seen the Xiaomi car jump. It can jump over a pothole. It can jump a couple inches off. There's that Mercedes Maybach GLS that can bounce. So what does fly really mean? Fly a foot, fly 10ft. I don't think anyone's expecting that in the next year it will just actually take off and fly you from LA to San Francisco or something. That would be. Never bet against C9. I mean, I would want that so badly. But there are a lot of other cool things that. That we could do. I think the one that I wasn't. The one that I predicted, like, basically you'll be able to pull up to a parking spot and it will be able to use like fans or something like that to like lift off the ground and slide into a parking spot or some. It'll have some, like, gimmicky. It'll shoot the battery out so hard that it sends the car. Shoots the battery down, which pushes the car up into the air, thus. And then you. There's an ejector. You will be flying. The car will not be flying. Who knows? Insane. Hopefully it's available on Shopify. Shopify is the commerce platform that grows your business and lets you sell in seconds online, in store, on mobile, on social, on marketplaces. And now with AI rounding, rounding really quickly, Tyler. I mean, this is about the question of, like, can you run GPUs on Starlink? Yes. So like a current satellite. If you're looking at the V2 mini satellite, the peak power draw is like around like 3,000 watts. Okay. So if you're running an H100, right? So this is, I mean, maybe a couple years old. It's only like 700. So you can actually put it. You could put a few H1 hundreds on a Starlink right now. Wait, wait, wait. Sorry, sorry. 300 watts currently and an H100 3000. 3000. Oh okay. Yeah, you could put a couple in theory, but you wouldn't be able to do anything else. But like. Yeah, I mean like 3h1 hundreds is like not useful really at all for like any. For serving any big model. But yeah, but we're not four orders magnitude off from doing something. I mean you can do inference on just a laptop, right. And that doesn't have the power draw anywhere near an H100 rack. Granted it's going to be slow, it's not going to be functional. But like we are in the ballpark. Somebody just going to put. Somebody should put a Mac mini on a weather balloon. You really could. There was a whole. Have you ever seen those trends of like we sent X to space. It's like a proven viral format on YouTube. I think someone sent pizza to space. People send like a piano to space and it plays a song. Basically YouTubers figured out that you could get a weather balloon that you could just buy for like I don't know, not that much money and just release it and it would just fly up, up, up, up, up. And then you would reach the sky and you would take pictures and time lapse photos or video automatically. You can get a weather balloon, a 22 foot scientific weather balloon on eBay for 220 bucks. What should we send to space? It's kind of played out, but yeah, garlic bread to space. Bobby. Thank you. Yeah, the garlic, the garlic bread went to space. I don't know why. I don't know why. But yeah, the sending multi bot space multibot to space on a. I also I don't know if you can get Starlink working. I think, I mean ideally Tyler, what if we got a handful of weather balloons and we sent you up there with. Then I could, I could parachute that Red Bull video. Just one shot it. Just do it. Just one shot it. Last thing on Elon. Looking at prediction market on Kalshi. When will Elon become a trillionaire? It's at a 65% chance before 2027. Just in time for the midterms. It's not like that will be used. It's not like that will be used against him at all. There's still a chance that it takes the pressure off the billionaires because like oh, there's a new thing we got to focus on. Like no one see like millionaires right now. All the billionaires start ganging up on Elon. Let's actually just do a trillionaire tax. This whole billion. Why are we focusing on billionaires? Trillionaires have so much more. Waste of time. Waste of time. Let's just narrow it down to trillionaires. Just the trillionaire tax. Anyway. Console consul builds AI agents that automate 70% of it. HR and finance support, giving employees instant resolution for access requests and password resets. Where else do we want to go? Do we want to go? More reactions to earnings. There's a whole bunch of other stuff in here. Yeah. Microsoft is on sale according to Jay Catesby because Joe Weisenthal said incredible day. According to Barclays Alexander Altman, Microsoft has lost $441 billion of market cap today, marking it the second largest drop ever since Nvidia lost nearly 600 billion after deep seek. Wow. Yeah. It was the worst day for Microsoft since 2020. Since, since like the COVID sell off. Absolutely remarkable. But I mean I don't fully, I don't fully get it. It seems like Microsoft is very well positioned. I mean maybe they're facing the same like implementation question as Meta, but it seems like they, they have all the key ingredients. I mean they don't have, they don't have. They certainly don't have like the crazy team that Zuck just went and poached. But they got OpenAI. They have the partnership and so they have access to the models where in a way that Meta does not. And so Meta does need to build the team to build the competitive models. So yeah. Worst sell offs in Microsoft history. The crash of 87. Then in 2000 April down 24th. 30% in one day in 87. We don't know how to. Brutal. We don't know how to create sell offs like that anymore. Hopefully we don't. Famous last words. Everything candles down 40%. Teach you a lesson. Yep. Yeah. This is an interesting history here. Well, Microsoft is unfazed. Yeah. When you look at it this way, it is truly the 15th worst sell off in Microsoft history. I think they're going to get through it. But not. But Stan disagrees. Stan says it's over. Thanks for playing to 0 likes. How did this even get. I'm going to like this. We're going to like it. Good. Stan, I don't agree but very funny post. Andrew Curran is sharing a post from the information. Nvidia, Microsoft and Amazon are all ponying up. Let's give it up for talks. 60 billion. As much as 60 billion in OpenAI. We don't know what kind of talks they are. Okay. Early Medium, medium late stage talk, advanced talks, intense preliminary talks. There's lots of different talks. But this is on top of the 30 billion that SoftBank is in talks for, which means that the 100 billion target for the next round is already almost met. And of course this is going to go back to is this circular, blah, blah, blah, blah. I don't know. It feels like the circular, the circularity narrative. We're just at a scale where if you want to raise $100 billion, like who are you going to, who would be okay? Like it's governments and the hyperscalers. Like there just aren't that many funds that are saying like, yeah, I'd love to lead $100 billion round. I don't have the money. Like it's just, it's just impossible. They're tapped out. Yeah, all the, all the traditional financial players are very much tapped out. Let's go to companymarketcap.com while we pull that up. Let me tell you about figma. Figma make isn't your average vibe coding tool. It lives in figma so outputs look good, feel real and stay connected to how teams build, create code back prototypes. Okay so at the 830 billion that this round is being discussed at, JP Morgan is slightly worth slightly more at 832 billion. But then below that OpenAI will be valued more than Samsung, Tencent, visa, Exxon mobile, ASML, Johnson and Johnson. MasterCard data is the Costco a lot of them. Yeah. You start being able to add up some of the biggest companies in the world and still not be worth more. Than zero Hedge had some extra context. Q3 2025 meta crashes on surging CAPEX forecast Q4 2025 meta soars on surging Capex forecast Let's go Research Invest pushed back though said no it soars on growth acceleration guide. Capex held it back or could have opened or it could have opened at around 880 and it's because of the profit. A lot of people are chiming in. So we'll talk to Buco. Buco has continuously had great calls on Meta. I remember very distinctly when he shared multiple times over a few day period like Meta will start touching 600 and you need to develop the mental fortitude to buy even though everything, even though everything in your mind will be telling you not to do it. Just hit the button. Suspended Cap says I got to really respect Zuck willing to spend over 50% of revenue next year when they still on CapEx when they still haven't delivered a single compelling AI product. Hell yeah. But Pythiacap chimes in and says the ads are the compelling AI product. And this has been the, the under discussed narrative with their capex. They do break it out and for a long time, you know, 50% of CapEx, more than 50% of CapEx was going towards core AI just workloads for Instagram, reels, recommendations, ad recommendations, running the core product different. I mean there is a specific chip for YouTube, like there's CapEx that goes into just running YouTube. You're just running Instagram. And so it's, it's, you know, not all AI, but it'll be interesting to see how that shifts. How much of this is okay, this is generative AI workloads going forward? Is it more than 50% of this. New of this new boost in brother Joe Wiesenthal shares. One of the best headlines that I've ever seen, which is Blackstone Near's deal to become New World's largest shareholder. Just in general, no New World is a company. Okay. Blackstone is in advanced talks to become the single largest shareholder of New World Development Co. According to people familiar with Matter a move that would see one of Hong Kong's richest family families relinquish control of a major asset. Under the proposed deal, the US company would be able to restructure. The embattled developer in New World could continue to try to offload assets to shore up liquidity. The family of Hong Kong tycoon Henry Chung currently holds about a 45% stake in New World. We need to bring the word tycoon to the west coast. Sam Altman is an AI tycoon. Tycoon is good. We should do a list of the top tycoons. Jensen is a chip tycoon. Yeah, tycoon's a good one. Satya is an enterprise tycoon. We had tycoons during the railroad barons. It got it turned into a bit of a pejorative. But I think we can turn it down or turn it around. I think we can turn it around. It's such a fun word. Why should it be negative? Yeah, it sounds like Yahoo. Or like, you know, it feels like you're wearing a cowboy hat on a horse. If you're a tycoon. That's right. You're running all over the economy. You're a tycoon, cowboy hat on a horse. Yeah, you love it. Well, let me tell you about MongoDB choose database built for flexibility and scale with best in class embedding models and re rankers. MongoDB has what you need to build. What's next? We have to talk about genie. Genie. The Genie is out of the lamp. Logan says. Introducing Project Genie, a frontier world model product powered by Genie 3 and available to G1 Ultra users in the US starting today. Are you a G1 Ultra user? This morning we were playing around. We were playing around with this this morning. It is absolutely wild. You can basically prompt an entire world. It instantly turns into, effectively, a simple video game and you can create some really funny scenarios. And we will show you. They added the jump button. They added the jump button. You get to pick if it's third person or I guess if you don't check that it's first person. But sometimes you. Even if you do check, even if you don't check that, you can still wind up in a third person game if it's obviously a third person request button. Look at this dog. They need to add the crouch button. Crouch button next, and then the flashbang button, probably. Whoa. Yeah, you're jumping. This is so. It's so fast. I mean, the previous GENIE launch was still called Genie 3, right? Well, no. I mean, yes. It was not like a new product. This is just making it public. Yes. So I think it was In August when Genie 3 was originally released, but it was basically just the paper and there were some demos, but no one. Got to use it. So. So cool. Yeah, I mean, it feels like more directable than VO3 in some ways. And it's certainly more stable as you move. Well, it's just way cooler too, because it's a world you can move around in. It's not like VO3, where you're just creating a video. Yeah, the memory is really good, too. Oh, and you can upload an image and turn back. You can upload an image that's. I mean, get ready to play dinosaur. Do you have the clip of. So we got access. We generated some. Now it's in such high demand that you might not be able to generate these worlds for yourself immediately. There might be some rate limits going on. I'm sure the GPUs are on fire. It is going to be Genie 3 day on the timeline, for sure. People are going to get crazy creative with this. Do you have John's first prompt? You can't access the videos? No, because. Oh, no, we didn't download them. Well, because I think. I think the site is being overloaded. So much shame. Wow. Hey, Tyler, take some responsibility. Take some ownership. You're 21 years old now. Take some ownership. You could have downloaded the Video. As the show goes on, I'll try to make a new one. Yeah. I mean, yeah, yeah. This is a good point by Noah in the chat. Wait, can we just take a GTA 6 leak and generate the game so we don't have to keep waiting? So pretty much like first. I mean, it's incredible that even a product at Google scale, they knew that there was going to be demand, that they are like seeing rate limits. That's wild and incredibly bullish for AI and shows that there's so much more demand and we need more chips and energy and Data centers and GPUs, obviously, but. But on the flip side, we are going to move the goalposts. This is. This is AGI, but it's not sufficient AGI because my definition is not just the jump button. I want mechanics. I want. We generated a video of Maybach driving on the Nurburgring. It was remarkably high fidelity. It was a little sluggish, but that might just be the dynamics. I think it was the driver. Oh, you think it was the driver? I thought it was this thing on the road. There was no body roll. Yes. I was like, just put it in a straight line, Tyler. Yes, but I want, I want. I'm waiting. I'm moving the goalpost because I want Genie 3 or Genie 4 to be able to generate game mechanics. If I say I'm racing on the Nurburgring, I want a track timer. I want to be able to stop, change my tires. I want to be able to get a refuel overtakes. I want overlays. I want boost pedals. I want. I want drs. I want shifting. I want the whole Forza simulation. The whole. I want, I want. What's the one that people actually use for the simulators? I forget what it's called. A set of courses racing. I want to be able to generate a set of courses in two seconds. So mechanics are clearly next. This is obviously here. We can pull this up. So Tyler said six months. We'll see. Over. Pull up this video from you in. Six months, you'll have full games. This is the new AGI benchmark. Move it, move it, move it. There we go. Pull up this video from Ethan Malik. He had early access to Genie 3 world modeling. Huge leap forward in modeling physics. But some issues remain. Here is a bit of an otter airline pilot. Airline pilot with a duck on its head walking through a Rothko inspired airport. And an otter in a wingsuit flying through a city of Gothic tower. So this is why this, this video is why we have two and a half, $2 trillion of CapEx for AI we just simply before AI, we would need a team of advanced motion graphics artists to work for. You could probably vibe code something like this in Unreal Engine in a Day. If you were strong, John. Don't try to pop the bubble. You could. I like the wingsuit, though. This is fun. In a gothic tower. It looks sort of like a Harry Potter world. Wow. It's really a full city of gothic to Gothic towers. Yeah. And so I like the thing that's wild is that it takes 20 seconds to go from idea to this world. Yeah. Super cool. Super, super cool. And you're just gonna see this, like, unlimited. Like, people are gonna go and just generate Mario, and you'll just be like, well, I could just download Mario. Like, it's not like I'm okay with that. It's like when you go to, you know, mid journey, you say, make me a picture of a dog or nano banana. And it's just like, that's just a picture of a dog. You just find a picture of a dog. What's cool is when it's like your dog in your house doing the specific mechanic that you wanted, and it's a reenactment from a film that your friends that you're in love with, and you're a mechanic, and you're creating this unique thing, and you're mixing together these interesting ideas. We're going to see a ton. Okay. So Tyler took full ownership. It just turned it around. Okay. While we made a new video. While we pull that up, let me tell you about Plaid. Plaid powers the apps you use to spend, save, borrow, and invest securely. Connecting bank accounts to move money, fight fraud, and improve lending now with AI. All right, look at this. Oh, yeah, this is. Wait, this is a new one. This is a new one. I just made this. The original was not two tone. Yeah, this is a new. I. I just made this. Look at you barely keeping it on the road. It's really hard. It's really hard. Skill issue. You got to. So if you zoom in on this, the license plate does look a little AI generated. There are some artifacts, but at this. At this distance, this looks. This looks. Can he hit the apex? Turn. This looks photo real. This looks photo real. Can he hit the apex? Can he hit the apex? The body roll. The body roll. You're actually going pretty fast. You're getting some speed on this thing. I think I fall off. I get off the. Oh, no, the grass. Oh, no. Wait, what happened to the oh, no, you're destroying the side rail. How'd you get on the other side of the side rail? Says, looks inebriated. Yeah. Okay. Crazy timing. Tyler turns 21, and he can't even keep a car. Wow. That was very. I don't see any happy dads over there. Dude looks in here. No, but it does. Like, when it was working so earlier, I think there were just too many people using it, but this took, like, maybe 15 seconds. That's remarkable. First it, like, makes an image, and then you can edit it. Yeah. And then from there, you can make the actual world. Yeah. Yeah. And it's, like, a minute long. Yeah. It's like. Yeah. Incredible. Josh Woodward has another clip he shared.

Runs. Team deathmatch. We are experts. Triple plays. Let's just. Wrong. Right. Market clearing order inbound. We are surrounded by gentlemen. Strike 1. Strike 2. Activate. Go. Golden retriever mode. Market clearing order inbound. Five quarter. I see multiple journalists on the horizon. You're watching TVPN. Today is Thursday, January 29, 2026. We are live from the TVPN Ultra Dome. The temple of technology. The fortress finance. The capital. Capital. Let me tell you about ramp.com time is money save. Both easy to use. Corporate cards, bill pay, accounting, a whole lot more. They got super bowl ads. Two in just a few days. We're counting down the days to the ramp super bowl ad. We're very excited for it. Also not the Super Bowl. Counting down the days. Yeah, I, I learned, I learned a fun fact. I think I put it in here. Apparently they, they had a Super bowl back in 2001. Okay. Have you heard of this? Tell me more. So I got followed by this account that's called 2001 live. 2001 live. It's 25 years ago live. It's a cool account. And in here they flash back to like what was happening 25 years ago. Every day they post what happened 25 years ago. It's kind of cool Account followed me. I followed it a while ago, but it followed me. And I saw a post in here that said 25 years ago they did a Super bowl in Tampa, Florida. The Baltimore Ravens beat the New York Giants 34. 7. This is the Ravens first Super bowl title. I guess people are not happy about that. I don't know. But anyway, very excited for the Super Bowl. In other news, let's run through the linear lineup. Pull it up. Meet the system for modern software development. 70% of enterprise workspaces on linear are using agents. And we have a fantastic show. We have Anton from Lovable coming in studio in the ultrasound. Then we got Christian Delian from Hill and Valley breaking down what's going to happen at the Hill and Valley conference in just a few weeks. And then we got Eric Sufinator. We need a nickname. No, we love Eric of course from mobile Dev Memo, Heracles Capital. And he's coming out at one. We're going to talk about ads, ChatGPT ads. How's rollout going? Also obviously earnings makes a ton of sense. And then Kevin from OpenAI is coming on again. Returning science. AI and science AI and science. And if we're seeing a Claude bot type moment, feeling the AGI in science, what we should be looking for there in 2026. In other AI news, of course, we will go into earnings and whatnot today. If you're tracking earnings, make sure to head over to public.com investing for those that take it seriously. Stocks, options, bonds, crypto, treasuries and more with great customer service. So in the news today, Apple said this morning that it has acquired Q AI, an Israeli startup working on AI technology for audio. Yeah, Apple didn't disclose the terms. The company was backed by Matter Venture Partners, Kleiner Spark, Exor and gv. So nice, nice little lineup and great outcome. The Financial Times reported it was worth nearly 2 billion. So pretty meaningful deal. Apple is not known for really paying up on a lot of different M and A that they're kind of folding in to their roadmap. We had Mark Gurman on yesterday talking about how Apple uses M and A effectively to accelerate the roadmap. So according to Reuters, Apple did not say how it will use qai's technology, but said the startup has worked on new applications of machine learning to help devices understand whispered speech and to enhance audio in challenging environments. QAI last year filed a patent to use facial skin micro movements to detect words mouthed or spoken. We've seen a couple startups that are doing the whisper. What do they call it? It's like telepathy almost. It tracks your mouth movement so you can just. Then it like will track. Yeah, it's crazy. Really, really crazy. So facial skin micro movements will be used to identify a person and assess their emotions, heart rate, respiration rate and other indicators. Very sci fi. Qai's 100 employees, including the CEO and co founders, will join Apple. So it seems like founders Aviad Meisel founded three dimensional sensing firm Prime Sense and sold it to Apple in 2013. Absolute dogs. They're doing it double kill. The Prime Sense deal eventually helped Apple move away from fingerprint sensors on its iPhone and toward facial recognition technology. Interesting. Joining Apple opens extraordinary possibilities for pushing boundaries and realizing the full potential of what we've created. So very, very wild to be going back to Apple for a second time. And pop quiz for Tyler, why does Apple acquire companies? I mean, why? Questions are usually pretty open. Okay, good answer. But Mark Gurman told us, why does Apple acquire companies? To accelerate this. Accelerate the roadmap. Yes. And it's funny because I asked him like, why are we going to hear Tim Cook say that? And he was like, oh, because earnings. But we're basically hearing him say it today with the surprise acquisition. That's obviously the line from Apple and it makes sense. This is Something that is uniquely acceleratable because of the Apple hardware ecosystem. They can Deploy this through AirPods, they can deploy this through the phones just like they did with Face id. If you have that technology and you're like, oh well, in order to log into your computer with your face, you're going to need a third party device that you plug into USB C. Like no one's going to do that. But if you're just like, yeah, it's going to get baked into the hardware. We have the patents, we have the. Technology and haven't you been wanting them to make more moves in specifically audio and transcription for a while? I've been like an audio interface bull forever, like since I worked at a startup that competed with Siri in 2010 or something like that. It was actually a good outcome. I didn't get an equity because I was just an intern, but it was actually a great outcome. They sold to Dragon, naturally speaking and everyone made a bunch of money but Siri, here we go. But Siri was like the hot kid on the block back then. And Siri came out of Stanford so they were much closer to Cupertino. These guys came out of mit very similar natural speech recognition, machine learning pipelines for understanding speech, doing dictation. Their main platform was BlackBerry because BlackBerry was really, really big. They had a BlackBerry app store. They did a deal so that you would get like preinstalled so you'd get a big check from rim. They did a very interesting out of home campaign where they bought billboards right outside of Research in Motion, the maker of BlackBerry's headquarters, because they were advertising. Yes. Adquick didn't exist then, but they should have used Adquick. They, they, because they were basically there. They only had one customer effectively. I mean they had every customer that could go buy the app. But then all the other apps that were on either Google and Android quickly rolled out competitive features with Google Assistant. Siri got acquired and so it was very clear that like Apple was not going to be a really fertile ground playground for them. And so they, they needed to get sort of like the attention of the BlackBerry execs. And so they put up a billboard right outside their, their headquarters. But I still like, as a strategy, I think it's very fun. But yes, I've been, I've been very bullish on this. I was thinking back then that, you know, people get their wisdom teeth out. This is very weird in cyberpunk, but if you got your wisdom teeth out, you could potentially like create like add a Like a port for storing a microphone. Tyler, do you have any of these? I should have got that. Yeah, exactly, because a lot of people get them out. And then you could just put a port there and you could. And you could insert basically the tip of an AirPod. Very, very small device that you would charge and then you put it in. And then when you're whispering, you can just hear it can only hear that. And it goes dictation straight to your phone. Obviously, that's unnecessary because you can, you know, do bone induction. You can just also just have a, you know, an AirPod in and just talk out loud and not care what people think. There's those crazy muffled things. You've seen that where you put on the headphones and then it puts, like, a cover over your mouth so you can talk and public. Oh, yeah. It's silent around you. Kanner says, I want my iPhone to unlock only if I silently mouth the words open sesame. I think could be in the future. I was wondering about. That would actually be nice if there was some other element because you still have this, like, wearing sunglasses, trying to unlock your phone. Sometimes some pairs of sunglasses. I have it one shots it, others, it's. It's like, you know, pretty annoying. I was wondering about the quality of whisper transcription these days. Like, if I just open up whisper on the ChatGPT app, put my app, put my phone in my pocket and just talk. Can it just hear through my pants pocket and just dictate perfectly now because, like, AI is so good at transcription that it can be really muffled. Like, you can have music playing in the background and talk to whisper, and it just won't. Yeah, it just won't mess up. So there is a world where you don't actually need, like, a separate pin. You just have something anywhere on your body and it knows, okay, this is what John sounds like. Let's kill all the background noise. Let's kill all the other people talking. Let's isolate that with AI. It seems pretty. Pretty good for that. Anyway, let me tell you about Lambda Lambda is the Super Intelligence cloud, building AI supercomputers for training and inference that scale from one GPU to hundreds of thousands. One more thing on this QA acquisition they're using, going back to their patent, using facial skin micro movements to assess emotions, heart rate, respiration rate, and other indicators. You could imagine where a world in the future where you have Apple Smart glasses that effectively have, like, health monitoring because it's tracking respiration, heart rate, all these different things, and just basically integrating the Features you're getting from the Apple watch today seems. But I wonder what it's really unlocking that the watch can't do. There's always the question when you pitch a new device. It's like, well, your phone does have a camera on it, so you're not. This is like the smart glasses aren't the first. Yeah, but it's a new device. But it's a Lindy form factor, right? True, true, true. Like this something we've talked about in the past. It's like the new hardware that's taken off is an existing form factor. It's like headphones, eyewear, you have watches. Right. Creating these pendant things so far hasn't hit right. It's fair. I just think like on the heart rate issue specifically, there was an app before the Apple watch existed where you could put your finger over the camera of the iPhone and it would use the light, the flashlight, which was right next to the camera at that point, to light up your finger. So your finger would turn red and then it would take the sensor data from the camera and, and measure the pulses of the red and give you your heart rate just from touching your camera. It was pretty cool. Like it was completely outside of the Apple ecosystem, just an app that you could download or pay for. And so the phone can take your heart rate, the watch can take your heart rate. If you give me glasses and you say those glasses can also take your heart rate, I'm like, I got enough heart rate measurement. I can also just go like this and estimate it. There's a bunch of ways to know that your heart rate's spiking, maybe tracking it some different, but it feels like they need to go farther and the real opportunity is something more around. Audio interfaces, link it to Siri, have more ways to triangulate what the person's trying to say, what they're saying in a noisy environment, whether they're trying to be quiet and you still want to isolate what they're saying. Having a back and forth reducing latency, all of those things are very critical to success in that category. Anyway, we are going to be in San Francisco on February 3rd next week for Cisco's AI Summit. It's bringing together leaders from Nvidia, OpenAI, AWS and more to discuss the future of the AI economy. The whole thing will be live streamed and we'll be there for a gigant stream. Did the fireworks get longer? I think so. I think they got longer. Today. There's a lot to celebrate. John, let's go into Microsoft Earnings Microsoft. So Microsoft shares have taken a dive as data center spending overshadows earnings surge. Let's give some numbers here. So Microsoft's Q4 revenue was $81.3 billion, which was higher than the consensus estimate of 80.23 billion. So they're making money. There's no lack of demand for Microsoft services. Q3 2025 revenue was 77.1 billion, up almost 5%. And year over year, growth was 17% for Microsoft as a whole. But the stock sold off for by 12%. And Microsoft is now just, just a tiny little $3.15 trillion company. Not bad, but still only down what, 6% over the past five days. It was a rise, yeah. I mean, people excited about the OpenAI investment, which did show up in earnings. So OpenAI owns roughly 25, 27% of the new for profit entity. Sorry, Microsoft. Microsoft owns 27% of OpenAI's new for profit entity. And that value is actually reflected in Microsoft's earnings. And of course, more importantly, the GPT models are truly frontier. Like we've seen it again and again. There's like this horse race over this model's better at this thing, this model's better today. But it's just very clear that OpenAI is on the frontier and in the conversation for pretty much every application possible. And so you can just imagine, you take GPT 5.2 Pro, you vend that into knowledge work pipelines for Microsoft users. That sounds really useful. They aren't behind on coding. We've heard great stories about how Codex is a great model. Maybe it's a little slow, maybe they need to speed it up, but people are having a lot of luck with codecs. And so you can imagine that Microsoft is capable of integrating codecs into all sorts of different pieces of the Microsoft empire to create agentic workflows. And then they also have a deal with Anthropic. They also made an investment. So they are multi model, multi platform. But the problem is that Microsoft seems to be constrained on the data center side. So the CFO Amy Hood said on the Microsoft earnings call that limited availability of artificial intelligence hardware is affecting how quickly Microsoft's cloud business can grow. And it's capping Azure's revenue potential. Not good. They need to take another trip to Abilene. They need to build more data centers. But it's tricky, it takes time and right now, maybe it's just a data center capacity issue. What's next? Is it going to be an energy bottleneck? Is it going to be a Chip bottleneck. These are stories that we're tracking. Ben Thompson is starting to sound the alarm bells around tsmc. TSMC capacity constraints. And what is TSMC doing on the capex front? Are they investing enough? Are they at risk of holding the bag if AI stalls out? Are they taking enough risks that if the AI boom continues that they can continue to deliver and ramp up? Or will Samsung and Intel need to step up and will companies like Microsoft need to put pressure on those companies? That's another point of debate. Yeah. So David in the chat is referencing this, but basically, obviously it's amazing that Microsoft owns such a big slug OpenAI. That's great. But the challenge is so much of their backlog is OpenAI and they're actually getting less credit for that. Right. The same way that Oracle had gotten punished for it. Now it's Microsoft's chance to actually get punished. And Microsoft, if you actually zoom out a little bit and just look at the last six months, down 17% in the last, in the last six months and down 4% over the last year. So it's funny like in a year where it feels like the last year Satya and Microsoft have just been on this insane run. They've fully round tripped. Totally. Totally. Yeah. Before we move on to Meta, let me tell you about Sentry. Sentry shows developers what's broken and helps them fix it Fast. That's why 150,000 organizations use Keep their apps working. So Meta also reported earnings yesterday. 59.9 billion in revenue in Q4 of 2025, beating expectations of 58.5 revenues, up 16% from Q3 of last year, which was 51.24. The company's growing its revenue 21% year over year. That's higher than Microsoft's 17% top line growth stock popped 10% after hours and the market cap is now 1.84 trillion. So mark Zuckerberg told analysts on the earnings call in 2025, we rebuilt the foundations of our AI program. That should be obvious. So many acquisitions, so many hires, so much, so many experiments, so many different strategies and discussions and changing of the guard and restructurings, layoffs and reality labs, it's the compute desk. There's been so many stories about Meta really rethinking their AI platform, re architecting the foundations of it. So he continued to say over the coming months, we're going to start shipping our new models and products. Very excited for that. He says he's I expect our first models will be good, but more importantly, they will show the rapid trajectory we're on. And I think that we all have high expectations. I don't think anyone's expecting them to jump way, way out in front of everyone else. But if they can just be in the conversation with DeepMind, Anthropic OpenAI, I think that will quell a lot of the that. But also what are they doing with them? Yeah, I think that matters. I think that matters more. Really, really important because you look at. This is why I'm excited to talk to Eric later today. But you look at Meta's business and the way in which Genai can accelerate everything from generating more content on the platform to having better ads to better targeting. All these things. Right. And not to mention, like, where they can just vend it in at the product level. Right? The product stuff is tricky. Yeah. I mean, like, I've bumped into Meta AI in Instagram many times and you do get reasonable, you know, natural language responses, but it clearly still has the knowledge cut off. It's. It's not searching the web as effectively. It's not pulling together. It doesn't feel completely native to the platform. Like, if you go into Meta AI in Instagram and you ask it to go and hunt around in Instagram for a specific creator or reel based on some clues, it doesn't feel like it has the hooks to really go in and understand. Okay, based on what you want watched and what I've showed you in the past, this is probably what you're thinking of. Like, that is sort of a superpower where, you know, there's so many times when you're on the timeline, you're like, I saw this post, I didn't bookmark it, didn't like it, what was it? And you want the search products to be empowered magically. What are we laughing at? What are you thinking? You gonna flashbang me again? Yeah. That's close. Continue. Anyway, I think that there's the basic case of they gotta get an LLM that's frontier, that has the big model smell, fun to talk to, good vibes. Then they need video and audio models that are rock solid, and then they do need to vend those in. I think just having an API or just having a place where people can generate photo, real videos, or even things like Sora, where it has the aesthetics and pacing and cuts of an Instagram reel that doesn't feel like it's enough. It feels like to really empower the Instagram creator, it needs to be built into the platform. Like the captions are, or those the face filters on Snapchat that started there. Augmented reality stuff, replacing backgrounds, just letting people still bring what's personal to them. Their family, their experiences, their car. But take a couple photos of their car and turn it into a really, really awesome drone shot of them driving their car. I've seen a lot of really sweet edits where people will fly a drone over a car, then they'll have a first person GoPro on their chest while they're driving their car and then they'll use AI to interpolate between the drone shot and their first person view because they can't actually. Like if you have a multi million dollar Hollywood budget, you actually can fly the drone into the car, have someone sitting in the car, they grab the drone and then they hook it on a crane and the crane takes it out and does a different shot with it. But that's like a multimillion dollar experts, tons of equipment. There's all these crazy things where someone will be on a Steadicam, on a cherry picker, this crane comes down, then they start walking into it. You can do these really elaborate shots, but with AI you can, you can, you can interpolate and like make those transitions. And so even just like AI power transitions would be a really, really cool thing to bring. Yeah, not to mention they, they own Manus now which is a fantastic product team. They've built some great agents. You can imagine them integrating like basically like prompts to short form video. Right. Where you can just describe the video that you want to make, insert reel, like basically like generate B roll for this, pull footage from around the Internet, whatever. And so there's so many things that they can do. And again, they've just been using Meta AI as a sandbox for the most part. But I'm just excited for them to start shipping across. The remixing thing is so underrated because there's a lot of people, the number of people that have true inspiration for new formats is pretty low. People always do the. Yeah, think about the remix functionality. If you see a funny video and you can just basically do a character swap in there. Exactly. And it's like that's a new content that is, that's going to be chaired and a bunch of people engage with. Tyler, what's your take on Meta's new plans for 2026? Yeah, I mean I definitely think the image and video models are much more important to get right than the LLM, mainly just because it seems like very natural them to vent it into everything. Compared to OpenAI or Google who are like right now Finding it out in image or in video. So it seems like if they can kind of do really well, you can get OpenAI and Google out of that race, basically. Yeah, yeah. And then the lm, it's like it's. It's unclear what the actual, like, use case will be in the short term. Eventually you want some, some cool, like, you know, cloudbot style agent somehow vended in, but it's unclear how that's going to work out. So I think in the short term I'm very excited on the model. Yeah, I mean, I could, I really like that model of like the LLM going around and just like seeping into the cracks of all the different product experiences, but in these like really subtle ways. Like YouTube now has AI generated summaries on videos and you can chat with a video. So if you're watching someone build a PC, you can ask Gemini on YouTube, hey, just print out the exact list of parts that the person used to build the PC. And there might be a parts list at the end of the video. There might be a parts list that's randomly mentioned throughout. Sometimes a creator might actually link to a real parts list, but Gemini allows you to scrape the transcript and then just get that however you want and then transform it or, you know, add prices to all of it or see if it's available in Japan, because I'm in Japan. All these interesting things. And I can imagine on Instagram being able to go to a post that has like thousands of comments and just say, hey, I want the LLM to kind of summarize the sentiment, like, what are the facts? Like, you know, people were debating whether or not this is AI. Is there a consensus? Or people were adding context. What was the key context that people were adding? There's a lot of posts that are basically like rage bait or clickbait, where it's unclear what's going on in the video. And so you go to the comments and people are like, I don't get it. Or like they put up that sign, like, context needed, please. Right. And so you can kind of do that. Yeah, but I feel like that stuff can just like I'd rather just have that be in the like recommendation algorithm, like sorted. If it's like comments, if everyone in the comments is saying this is clickbait, just don't put it in my recommendation algorithm. Right. It's like also on X, there's Grok, right? On every post you can ask Grok. I don't think I've ever used that. You've never used that I use, that. I find a little like, you know, where you add a little bit of AI here and there. I like, basically use anything. Maybe that's just, you know, I'm a fan. I do see posts where there's, there's, you know, a list of companies that someone's talking about. Oh, here are all the cool companies that I like. And I can click and just get a little summary of each company and I don't need to pull it out, go to a different model. I don't know, I feel like once a day Grok will share context on something that is actually valuable. Yeah, totally. Like, in general, because people add it. Somebody. Somebody added it. Like, I remember Eric, super yesterday was responding to something somebody was basically saying, like, shareholders voted against the Tesla Xai investment. Yeah. And then obviously they went ahead with it and Eric responded and he was like, hey, was this real? And then Grok just shared kind of the history on it and it's like somebody else could have shared that and provided the context. But yeah, I can do it instantly. Helpful to have a little bit extra context there. Applovin profitable advertising made Easy with Axon AI. Get access to over 1 billion daily active users and grow your business. Today suspended Cap says I got a really respect zuck willing to spend over 50% of revenue next year when they still haven't delivered a single compelling AI product. Hell yeah. Yeah. I mean, the Capex is crazy. So the whole thing, though, it's $200. Billion in revenue in 2025. That's so much revenue. It's a lot of ads. But now they're going to plow 135 billion, according to the Wall Street Journal. New York Times said 115, but either way, it's like more than half the revenues, I think. I think posts like this are funny. And I think you can definitely agree that Meta has not shipped a super compelling, you know, AI product yet. Even though Meta Vibes has traction. Not necessarily in our world, but certainly has some traction. But you have to, like, this is the guy that owns the world's largest trough or one of the world's largest troughs. Right. And so he has. He knows that it's working. He knows he can see the future. Right. He has all the data. He knows that people say they don't like AI content, but they do. In reality, they actually do. They engage with it, they watch it, they make it. The engagement must be growing exponentially even though it's very small. It started at a base of zero and then you Got Harry Potter, Balenciaga, and Now you have 10 videos a week that are going so far. So I look at this different than some of the Metaverse bets just because Zuck is one of the biggest beneficiaries of Gen AI. And so it's totally warranted to say, like, hey, we should invest an obscene amount of money in this. This is clearly the future. Yeah, yeah. I mean, there's so many different ways that no matter how you play out the AI future, Meta is a beneficiary of that. So it makes sense that they're investing so heavily. But it is like a remarkable shift in the financial structure of the business. If you go back to thinking of previous years, spending more than half of revenue on Capex feels like a lot for a software company. Right? It's like high margin whatnot. Anyway, Vibe Co where D2C brands, B2B startups and AI companies advertise on streaming TV, pick channels, target audiences, measure sales, just like on Meta. Let's talk about Tesla. Tesla reported revenue at 24.9 billion and this beat the. The consensus estimate just slightly. Consensus was 24.78 billion, but down 11.4% from the quarter when revenue was 28.1 and 3% decline year over year. And Tesla's down 2% this morning. There was also a 61% drop in profit. And they're shuttering the high end models of production, so they're stopping producing Model S's and Model X's, which I think the Model S and Model X features will be sort of rolled into trim levels like we've already heard about the. So I was debating Jordi about this earlier. I thought that the Model Y and the Model X were the same length. The Model X is in fact almost a foot longer. So it is a bigger vehicle. They both have the option to have three rows. They both have very similar specs, but the Model X is bigger. But in China we've heard that they're working on the Model Y L, which is a long wheelbase version that will be, I believe, longer than the Model X. So you have the ability to get a big Model Y and then they're already doing different trim levels with long range plaid. So if you take the plaid badge and you put that on the Model Y L and then you add different specs and you say, oh, I want to spec my Model Y with gullwing doors, maybe all of a sudden you're back in Model X territory and you're dropping 100k. But there's just no. There's no denying that the Model S and X sales have slowed and there's a whole bunch more competition at the high end EV market from lucid Rivian. And so Elon is fully thinking about what's next. He broke out subscriptions for Autopilot Self driving for the first time. He's talking a huge amount about cyber cabs and robo taxis. He's making that cash investment in xai. And of course he's really focused on optimist humanoid robots. And it seems like he could be scaling up production there very, very quickly. And so analysts, million subs of full self driving. Yeah, not bad. And it's what, 89? I actually don't know. I think you can look it up. I think I remember it's $89 a month. Yeah. But analysts, how much is it? I guess $49 a month for vehicles with enhanced autopilot. There are a few tiers, but I mean, if you build up the subscription. What is it, how much is it? I think it's 100. 100Amonth? Yeah. Yeah. So, you know, you got a billion dollars a year coming in from that. Not bad. And of course very high margin because you don't need to manufacture it. Analysts thought Tesla was going to be cash flow negative for the quarter, but they actually were positive. They generated $1.4 billion in free cash flow and this was down just 30%. So there's plenty of cash to keep the aggressive investments going, especially as Elon shifts the business towards autonomy. He's not shy about making the change aggressively. He said we would expect over time to make far more cyber cabs than all of our other vehicles combined. So he's, he's fully, fully going all in. Yeah, it's a little, I think it's a little jarring for some people just because historically car companies have thrived by creating the perfect car in each category for every different consumer. And Elon is basically saying, actually, I know, I know what you want and I'm gonna give you it. Yeah, it's, you know, you don't need that many options where you're gonna be able, like you said, to just leverage the different trim levels and spec out the car to satisfy and probably, you. Know, I, I do think over time, like less and less trim levels and then, and then eventually it's just cyber cabs and no one's buying cars anymore. If, if it really goes that way, I, I think this rollout will be slow. I mean, the original rollout of the electric car was 20 years for Tesla to actually get to saturation where you're seeing electric cars all over the roads. It'll probably be the same with people giving up their cars and going all in on I only use Waymo and Tesla Cybercab. Or maybe I just use one. But Elon certainly thinking in decades and not afraid to cut a entire business line that is still popular with a lot of people. I mean, I was just talking to somebody yesterday who was singing the praises of his Tesla Model X and how much he loves that and how he would never get a Y because the X is so much more premium. Everything about it's better. It cost a lot of money when he bought it. Still loves it. But you know, Elon's thinking to the future. Anyway, Gemini 3 Pro, Google's most intelligent model yet. State of the art reasoning, next level vibe coding and deep multimodal understanding. I love that sound. I know so much. I know you do. Tesla also announced a $2 billion investment into XAI. Yeah, they just did 20. Is this part of the 20, I wonder. I don't know. But yeah. So there was a non binding Tesla shareholder vote on authorizing an investment in Xai that failed. Although 1.06 billion votes were in favor versus 916 million against. Abstent. Absten absentations. Abstentions. Like counting. Yeah, not one or the other counted as no under Tesla bylaws, leading to rejection. So they had run this as a vote. It got rejected. But Elon said we're doing it anyways. Doing it live. We should pull up reactions. Yeah, pull up this here. I don't know where you want to start, but take him. Has a good one if you want to start there with Microsoft. I wanted to pull up this video of Optimus learning. It has to make up for S X sales after they were canceled. Oh, this one's. This is such a crazy video. Taking off the VR headset and just smashing down. I love that. This is really a Tesla Optimus, isn't it? At the same time, like the motion's remarkable and the force with which the Optimus just smashes the water bottle open is crazy. It's amazing. This thing is going to be super powerful. The insurance business that will be built around having a humanoid in your home is going to be remarkable. Remarkable. You're also going to need to secure these things. So let me tell you about CrowdStrike. Your business is AI. Their business is securing it. CrowdStrike secures AI and stops breaching. This was one of the standout moments of the earnings call. For me, please. Elon and Tesla are transitioning their Fremont facility to make Optimus and they plan to scale that facility up to be able to make a million of these things a year on a relatively near term time horizon. So very, very significant. He talked about how the robot would be able to basically learn on the job. It's going to be able to do a number of valuable tasks. And yeah, I think, I mean, the big question for me is like, what is. That's a good question for me. Well, they have an ad supporter. You have the Tesla walking around your house and it sees you pull out some sort of random credit card and it's like, are you not on ramp? Like, what's going on here? Or it sees you, like having like. Would you like a smoothie from athletic greens? Yeah, exactly. Yeah. But, yeah, we'll see. So the question I have is at what point will Humanoids actually be like, ROI positive for consumers in the home or even just everyday businesses? And I would just judge that based on like, okay, you're buying this thing up front. Maybe a business finances it, maybe somebody finances it, or they just pay cash. But is it valuable enough to actually replace a human? Because you're competing with. The optimist is gonna be competing with jobs that are maybe like 40, 50, 60k a year, like somewhere in that range. And so that's a pretty high bar to clear. So we'll see. Yeah. And the risk reward calculation of, okay, you have this thing, it has cameras and audio. It's on all the time. Is it safe? If it falls over, is it going to crush my dog or hurt someone or smash something even just like doing the dishes. We've seen some incredible demos of humanoid robots doing the dishes, but you have to imagine that every once in a while it's going to break a dish. If it's breaking dishes at 10 times the rate of humans. Like, it needs to be superhuman at not breaking dishes. Because if it smashes the wine glass while it's doing the dishes and can I clean that up? Is it going to be able to do that on day one, there will be a slow ramp of people feeling like, okay, it's good enough, I'm getting a lot of value. Obviously there'll be a lot of novelty. There's already a lot of novelty. The Optimus is deployed in most of the Tesla showrooms. Some breaking news. Yes, from Reuters 21 minutes ago. Exclusive. Musk's XAI and merger talks with XAI ahead of planned IPO. SpaceX and XAI. SpaceX and XAI ahead of planned IPO. Okay, so this was something that we were talking about predicting months ago at this point, but so no huge surprise here. This always felt like it made sense. I'll read through the article. I don't know how much context it actually has. So they're in discussions ahead of a blockbuster IPO planned for later this year. The combination would bring Musk's rockets, Starlink satellites and X social media platform and the Grok AI chatbot under one roof. Imagine, imagine owning X, the Internet's dive bar and space in one ticker. I mean, the company's launched like a couple years apart, I think like 2007 and 2005 or something like flashing back to 2007, 2010 being like, yeah, Twitter and that space company that hasn't successfully launched anything. They're going to be part of the same company one day. That is a wild future. Yeah. I am curious to see if they end up at some point just spinning X the social platform out again. Like, does it really need to live? I think Musk holding companies just gets bigger and bigger and bigger and it all goes together into one because there's a lot of efficiencies there. Sean Puri from My First Million had a post about this, how he thinks Elon should IPO his personal holding company. So you get stakes in everything that he has stakes in. And he was proposing it like a Berkshire type structure, but instead of Berkshire Hathaway, it would be like Musk holdings or something, or Musk's initials. I think a lot of people would be buyers of that. But it'll be interesting to see the S1's getting more complicated by the day as the investment banks prepare for the June IPO for SpaceX. Now, is June the target? But it's late in June. It's June 29th or 19th or something. Yeah, yeah. So, yeah, we'll see. I mean, expected this to happen. I think it builds a. You know, again, some people will be frustrated with the narrative, the data centers in space narrative. But no, it's real. It's real. And we saw this sort of like sort of organized narrative shift around SpaceX being the data centers in space play. Yeah, that was the bridge. Like without that it didn't make any sense. And then, and then once, if you can get behind, okay, data is in centers and space is maybe possible, maybe. Maybe you want some on land too. Then it starts to make sense that the merger fits a little bit more. The other interesting data centers in space thing. Xai SpaceX thing I just, I don't know. There is a fair, like odd history of telecom companies owning media companies. So Comcast, NBC Universal. Right. Comcast was the owner of that history. Rhyming. And so there is this world where you have the pipes and then you need something to push through the pipes. And so you own a media company that pushes content through that pipe. And it sort of rhymes, right? It's like you have Starlink Internet connections and then you need something to go over those Internet connections. So X, the social network pipes over those. If you squint, it's not the craziest thing. The other interesting thing that I want to do, or we should talk to some of the folks who have done some of this data center and space analysis, is how powerful are the Starlink satellites right now? Like they have some onboard compute. They don't have, you know, Nvidia GPUs, they don't have whole racks in space. But they, they probably have some compute just to run the network. And I'm wondering, like, in terms of energy draw, are they one order of magnitude off, two orders of magnitude off? Like how, how, how underpowered are the current Starlink satellites? Because that could be an indicator of. Okay, well, they need to scale them up by this much. They need to add this capability. They need to do X, Y or Z really quickly. Eleven Labs build intelligent, real time conversational agents. Reimagine human technology interaction with 11 Labs. Speaking of 11 Labs, 11 Labs is the new sponsor of Audi F1. Yes. John, you sent me a picture the other day of Audi out, I think testing and you were like, it's insane. That they don't have a labsalot logo on there. Exactly. The sponsors were looking pretty sparse, but they're just adding them kind of in real time, so it's fun to roll. Super, super exciting and exciting. I love the Audi, the new Audi livery. It looks very unique. Yeah. MKBHD responded to the news that Tesla is discontinuing the Model S and Model X and said, oh, Roadster is so cooked. Elon just responded a little bit ago said new Roadster will be incredible. And MKBHD is in the process of getting community noted. Elon said on the earnings call they're aiming to unveil in April and production will commence in 12 to 18 months. The shareholder deck notes the Roadster is in design development. Lars VP of vehicle Engineering said the Roadster was definitely in development. So it will be pretty funny to be in like, you know, something that hopefully will look like a hype look and feel like a hypercar. Yes. But then you're just self driving in traffic. It's like effectively, like depending on like pricing. It's not going to be like price. I think I'm hoping it looks like a hypercar, but price is like a turbo S or something like that. Yeah, yeah. I think the secret to success is probably 200 to $300,000. But it looks like a cyber car or cybertruck Huracan. Like low to the ground, super insane, insane performance, self driving. But it has like entirely new aesthetics that turn heads. Like the cybertruck is kind of. What was he saying on Joe Rogan? He was like. Wasn't he alluding to the roadster potentially being able to take flight of some sort? That's exactly it, yes. And we were debating with Doug Demuro from Cars and Bids and his own YouTube channel. What does the definition of fly mean? Like, we've seen the show Me car jump. It can jump over a pothole. It can jump a couple inches off. There's that Mercedes Maybach GLS that can bounce. So what does fly really mean? Fly a foot, fly 10ft. I don't think anyone's expecting that in the next year it will just actually take off and fly you from L A to San Francisco or something. That would be. Never bet against. I mean, I would want that so, so badly. But there are a lot of other cool things that we could do. I think the one that I wasn't. The one that I predicted, like, basically it. You'll be able to pull up to a parking spot and it will be able to use like fans or something like that to like lift off the ground and slide into a parking spot or some. It'll have some like gimmicky. It'll shoot the battery out so hard that it sends the car. Shoots the battery down, which pushes the car up into the air, thus. And then you use an ejector seat. You will be flying. The car will not be flying. Who knows? Insane. Hopefully it's available on Shopify. Shopify is the commerce platform that grows your business and lets you sell in seconds online, in store, on mobile, on social, on marketplaces. And now with AI rounding, rounding really quickly, Tyler. I mean, this is about the question of like, can you run GPUs on Starlink? Yes. So like a current satellite, if you're looking at the V2 mini satellite, the peak power draw is like around like 3,000 watts. Okay. So if you're running an H100. Right. So this is. I mean, maybe A couple of years old. It's only like 700. So you can actually put it. You could put a few H1 hundreds on a Starlink right now. Wait, wait. Sorry, sorry. 300 watts currently and an H100 3000. 3000. Oh okay. Yeah, you could put a couple that's like in theory but you wouldn't be able to do anything else. But like. Yeah, I mean like 3h1 hundreds is like not useful really at all for like any. For serving any big model. But. Yeah, but we're not four orders magnitude off from doing something. I mean you can do inference on just a laptop, right. And that doesn't have the power draw anywhere near an H100 rack. Granted it's going to be slow, it's not going to be functional. But like we are in the ballpark. Somebody just going to put. Somebody should put a Mac mini on a weather balloon. Just send it. You really could. There was a whole center. Have you ever seen those trends of like we sent X to space. It's like a proven viral format on YouTube. I think someone sent pizza to space. People send like a piano to space and it plays a song there. Basically. Youtubers figured out that you could get a weather balloon that you could just buy for like I don't know, not that much money and just release it and it would just fly up, up, up, up, up and then you would reach the sky and it would be. Takes pictures and time lapse photos or. Video automatically you can get a weather balloon, a 22 foot scientific weather balloon on eBay for 220 bucks. What should we send to space? It's kind of played out, but yeah, garlic bread to space. Bobby, thank you. Yeah, the garlic. The garlic bread went to space. I don't know why. I don't know why. But yeah, the sending multi bot multibot to space on a. I also I don't know if you can get Starlink working. I think, I mean ideally Tyler, what if we got a handful of weather balloons and we sent you up there with. Then I could. I could parachute that Red Bull video. Yeah, yeah. Just one shot it. Just do it. Just one shot it. Last thing on Elon. Looking at prediction market on Kalshi. When will Elon become a trillionaire? He's got a 65% chance before 2027. Just in time for the midterms. It's not like that will be used. It's not like that will be used against him at all. There's still a chance that it takes the pressure off the billionaires because, oh, there's a new thing we got to focus on. Like no one's millionaires right now. All the billionaires start ganging up on Elon. Let's actually just do a trillionaire tax. This. Why are we focused on billionaires? Trillionaires have so much more. Waste of time. Waste of time. Let's just narrow it down to trillionaires. Just the trillionaire tax anyway. Console. Console builds AI agents that automate 70% of it. HR and finance support giving employees instant resolution for access requests and password resets. Where else do we want to go? Do we want to go? More reactions to earnings. There's a whole bunch of other stuff in here. Yeah. Microsoft is on sale, according to Jay Catesby because Joe Weisenthal said incredible day. According to Barclays Alexander Altman, Microsoft has lost $441 billion of market cap today, marking it the second largest drop ever since Nvidia lost nearly 600 billion after deep seek. Wow. Yeah. It was the worst day for Microsoft since 2020 since like the COVID sell off. Absolutely remarkable. But I mean, I don't fully get it. It seems like Microsoft is very well positioned. I mean maybe they're facing the same like implementation question as Meta, but it seems like they have all the key ingredients. I mean they certainly don't have like the crazy team that Zuck just went and poached. But they got OpenAI. They have the partnership and so they have access to the models where in a way that Meta does not. And so Meta does need to build the team to build the competitive models. So worst sell offs in Microsoft history, the crash of 87. Then in 2000. April for April down 24th, 30% in. One day in 87. We don't know how to. Brutal. We don't know how to create sell offs like that anymore. Hopefully we don't. Famous last words. Just like everything. Candles down 40% teach you a lesson. Yep. Yeah. This is some interesting history here. Well, Microsoft is unfazed. Yeah. When you look at it this way, it is truly, you know, the 15th worst sell off in Microsoft history. I think they're going to get through it, but not. But Stan disagrees. Stan says it's over. Thanks for playing to 0 likes. How did this even get. I'm going to like this. We're going to like it. Good. Stan. I don't agree but very funny post. Andrew Curran is sharing a post from the information. Nvidia, Microsoft and Amazon are all ponying up. Let's give it up for talks. 60 billion as much as 60 billion in OpenAI. We don't know what kind of talks they are. Are they early medium, medium late stage. Talks, Vance talks, intense preliminary talks. There's lots of different talks. But this is on top of the 30 billion that SoftBank is in talks for. Which means that the 100 billion target for the next round is already almost met. And of course this is going to go back to is this circular, blah, blah, blah, blah. I don't know. It feels like the circularity narrative. We're just at a scale where if you want to raise $100 billion, who are you going to? Who would be okay? It's governments and the hyperscalers. There just aren't that many funds that are saying like yeah, I'd love to lead $100 billion round. I don't have the money. It's just impossible. They're tapped out. Yeah, all the traditional financial players are very much tapped out. Let's go to company market cap.com. okay. While we pull that up, let me tell you about figma. Figma make isn't your average vibe coding tool. It lives in Figma so outputs look good, feel real and stay connected to how teams build, create code back prototypes. Okay. So at the 830 billion that this round is being discussed at, JP Morgan is slightly worth slightly more at 832 billion. But then below that OpenAI will be valued more than Samsung, Tencent, visa, Exxon Mobil, ASML, Johnson Johnson, Mastercard, Costco, a lot of them. Yeah. You start being able to add up some of the biggest companies in the world and still not be worth more than zero. Hedge had some extra context. Q3 2025 meta crashes on surging CAPEX forecast Q4 2025 meta soars on surging CAPEX forecast. Let's go research and invest Pushed back though said no it soars on growth acceleration guide. Capex held it back or could have opened or it could have opened at around 880 and it's because of the profit. A lot of people are chiming in. So we'll talk to Buco. Buco has continuously had great calls on Meta. I remember very distinctly when he shared multiple times over a few day period like Meta will start touching 600 and you need to develop the mental fortitude to buy even though everything. Even though everything in your mind will be telling you not to do it. Just hit the button. Yeah. Suspended Cap says I got to really respect Zuck willing to spend over 50% of revenue next year when they still on CapEx when they still haven't delivered a single compelling AI product? Hell yeah. But Pythia Cap chimes in and says the ads are the compelling product. And this has been the the under discussed narrative with their Capex. They do break it out and for a long time 50% of CapEx, more than 50% of CapEx was going towards core AI. Just workloads for Instagram, reels recommendations, ad recommendations, running the core product different. I mean there is a specific chip for YouTube, there's capex that goes into just running YouTube, just running Instagram. And so it's not all AI, but it'll be interesting to see how that shifts. How much of this is okay, this is generative AI workloads going forward. Is it more than 50% of this. New boost in brother Joe Wiesenthal shares. One of the best headlines that I've ever seen which is Blackstone nears deal to become New World's largest shareholder. Just in general, no New World is a company. Blackstone is in advance talks to become the single largest shareholder of New World Development company according to people familiar with matter. A move that would see one of Hong Kong's richest family families relinquish control of a major asset. Under the proposed deal, the US company would be able to restructure the embattled developer and New World could continue to try to offload assets to shore up liquidity. The family of Hong Kong tycoon Henry Chung currently holds about a 45% stake in New World. We need to bring the word tycoon to the west coast. Sam Altman is an AI tycoon. Tycoon is good. We should do a list of the top tycoons. Jensen is a chip tycoon. Yeah, tycoon's a good one. Satya is an enterprise tycoon. We had tycoons during the railroad barons. It got it turned into a bit of a pejorative. But I think we can turn it down or turn it around. I think we can turn it around. It's such a fun word. Why should it be negative? Yeah, it sounds like Yahoo. Or like, you know, it feels like you're wearing a cowboy hat on a horse. If you're a tycoon. That's right. You're running all over the economy. You're a tycoon. Cowboy hat on a horse. Yeah, you love it. Well, let me tell you about MongoDB. Choose database built for flexibility and scale with best in class embedding models and re rankers. MongoDB has what you need to build what's next? We have to talk about genie. Genie. The Genie is out of the lamp. Logan says. Introducing Project Genie, a frontier world model product powered by Genie 3 and available to G1 Ultra users in the US starting today. Are you a G1 Ultra user? This morning we were playing around. We were playing around with this this morning. It is absolutely wild. You can basically prompt an entire world. It instantly turns into, effectively a simple video game and you can create some really funny scenarios. And we will show you. They added the jump button. They added the jump button. You get to pick if it's third person or I guess if you don't check that it's first person. But sometimes you. Even if you do check, even if you don't check that, you can still wind up in a third person game if it's obviously a third person request button. Look at this dog. They need to add the crouch button. Crouch button next and then the flashbang button probably. Whoa. Yeah, you're jumping. This is so. It's so fast. I mean, the previous GENIE launch was still called Genie 3, right? Well, no. I mean, yes, it was not like a new product. This is just making it public. Yes. So I think it was in August when Genie 3 was, like, originally released, but it was basically just the paper and there were some demos, but no. One got so, so cool. Yeah, I mean, it feels like more directable than V3 in some ways, and it's certainly more stable as you move around. Well, it's just way cooler too, because it's a world you can move around in. It's not like VO3, where you're just creating a video. Yeah, the memory is really good, too. Oh, you can upload an image and turn back. You can upload an image. I mean, get ready to play Dinosaur. Do you have the clip of. So we got access. We generated some. Now it's in such high demand that you might not be able to generate these worlds for yourself immediately. There might be some rate limits going on. I'm sure the GPUs are on fire. It is going to be Genie 3 day on the timeline for sure. People are going to get crazy creative with this. Do you have John's first prompt? You can't access the videos. No, because. Oh, no, we didn't download them. Well, because I think. I think the site is being overloaded. So much shame. Wow. It's just Shane. Hey, Tyler, take some responsibility. Take some ownership. You're 21 years old now. Take some ownership. You could have downloaded the video as. The show goes on. I'll try to make a new one. Yeah. I mean, yeah, yeah. This is a good point by Noah in the chat. Wait, can we just take a GTA 6 leak and generate the game so we don't have to keep waiting? So pretty much like first. I mean, it's incredible that even a product at Google scale, they knew that there was going to be demand, that they are, like seeing rate limits. That's wild and incredibly bullish for AI and shows that there's so much more demand and we need more chips and energy and Data centers and GPUs, obviously. But on the flip side, we are going to move the goalposts. This is AGI, but it's not sufficient AGI, because my definition is not just the jump button. I want mechanics. We generated a video of Maybach driving on the Nurburgring. It was remarkably high fidelity. It was a little sluggish, but that might just be the dynamics. I think that was the driver. Oh, you think it was the driver. I thought it was a lot of body roll, this thing on the road. There was no body roll. Yes. I was like, just put it in a straight line, Tyler. Yes, but, but I want, I want. I'm waiting. I'm moving the goalpost because I want Genie 3 or Genie 4 to be able to generate game mechanics. If I say I'm racing on the Nurburgring, I want a track timer. I want be able to stop, change my tires. I want to be able to get a refuel overtakes. I want overlays, I want boost pedals. I want drs. I want drs. I want shifting. I want the whole Forza simulation. The whole. I want, I want. What's the one that people actually use for the simulators. I forget what it's called. Assetto Corsa racing. I want to be able to generate Assetto Corsa in two seconds. So mechanics are clearly next. This is obviously here. We can pull this up. So Tyler said six months. We'll see. Over. Pull up this video from you in. Six months, you'll have full games. This is the new AGI benchmark. Move it, move it, move it. There we go. Pull up this video from Ethan Mollick. He had early access to Genie 3 world modeling. Huge leap forward in modeling physics. But some issues remain. Here is a bit of an otter airline pilot. Airline pilot with a duck on its head walking through a Rothko inspired airport. And an otter in a wingsuit flying through a city of gothic towers. So this is why this, this video is why we have two and a half $2 trillion of CapEx for AI we just simply before AI, we would need, you know, a team of advanced motion graphics artists to work for. You could probably vibe code something like this in Unreal Engine in a Day. If you were strong, John. Don't try to pop the bubble. You could. I like the wingsuit, though. This is fun. In a gothic tower. It looks sort of like a Harry Potter world. Wow. It's really a full city of gothic towers. Yeah. And so I like the. A lot of them. The thing that's wild is that it takes 20 seconds. Yeah. To go from idea to this world. Yeah. Super cool. So super, super cool. And you're just gonna see this, like, unlimited. Like, the people are gonna go and just generate Mario, and you'll just be like, well, I could just download Mario. Like, it's not like I'm okay with that. It's like when you go to, you know, midjourney, you say, make me a picture of a dog or. Or nano banana. And that's just a picture of a dog. You just find a picture of a dog. What's cool is when it's like your dog in your house doing the specific mechanic that you wanted, and it's a reenactment from a film that your friends that you're in love with, and you're a mechanic, and you're creating this unique thing, and you're mixing together these interesting ideas. We're going to see a ton. Okay. So Tyler took full ownership and turned it around. Okay. While we made a new video. While we pull that up, let me tell you about Plaid. Plaid powers, the apps you use to spend, save, borrow, and invest securely. Connecting bank accounts to move money, fight fraud, and improve lending now with AI. All right, look at this. Oh, yeah, this is. Wait, this is a new one. This is a new one. I just made this. The original was not two tone. Yeah, this is a new. I just made the. Look at you barely keeping it on the road. It's really hard to. Skill issue. You got to. So if you zoom in on this, the license plate does look a little AI generated. There are some artifacts, but decent corner. This. At this distance. This looks. This looks. Can he hit the apex? Turn. This looks. Photo real. Can he hit the apex? Can he hit the apex? Oh, the body roll. The body roll. You're actually going pretty fast. You're getting some speed on this thing. I think I fall off. I get off the. Oh, no, the grass. Oh, no. Wait, what happened to the oh, no. You're destroying the Side rail. How'd you get on the other side of the side rail? It says. Oh, looks a knee breeder. Yeah. Okay. Crazy timing. Tyler turns 21 and he can't even keep a car. Wow. That was. I don't see any happy dads over there. No, but it does. Like when it was working so earlier I think there were just too many people using it. Yeah. This took like maybe 15 seconds. That's remarkable. First it like makes an image and then you can edit it. Yeah. And then from there you can make the actual world. Yeah, yeah. And it's like a minute long. Yeah, it's like, yeah. Incredible. Josh Woodward has another clip he shared. Nanobananapro. He's the VP at Google. Google Labs, Gemini AI Studio, nanobanana plus Project genie Low Poly Cowboy dreams. They've been fulfilled. Let's take a look at what Josh Woodward over at Google built with Genie 3. So he takes the image he's generated with Nanobanana Pro, drops it in, summarizes the environment, summarizes. And it's interesting seeing, like, what does prompt engineering look like in this? Like how. What type of prompt do you want to put in? Because I think we just put in like two words. We put in like Nurburgring, Germ track, Germany. What happens if you add a little bit more there? How far can you push this current state of the art? The horse can jump. AGI achieved. AGI achieved. Do you think this is bullish for platforms like Roblox and Fortnite that have the existing network and they can integrate world models so that the players can. That are already a part of these ecosystems and these economies can generate new worlds quickly, generate new games, new characters, etc. Or is it, as these world models get better, do they become competitive, a bigger threat? Because anybody can just. I'm sure there's infrastructure providers that can say, like, yeah, we're going to handle everything from account creation to in game currency to things like that? Yeah, I mean, definitely competitive in the long term, in the medium term, like super good for prototyping and communication. And this is a key flow to, okay, you have an idea and you don't just want to generate a basic image of the game that you're trying to build. You generate a demo, a prototype and then you go from here into, okay, let's wire it up in Unreal Engine or Roblox or Minecraft or whatever we want to do and then you have the full game. I think Roblox and Fortnite will prove that they have real network effects and it's going to still make sense to create new games within these existing ecosystems. Yeah, yeah, but it is a very different architecture if you. Yeah, I don't know. I don't know how it, how it interact. Like if you're in Roblox and then you want to go into a fully generated experience, like the persistence doesn't exist, you're not in necessarily the same world. Just building like multiplayer capabilities in here seems very difficult. That seems like a real research. Yeah, I think broadly like the world model, like World Labs seems much more easy to integrate, at least in the short term to something like Roblox. Because I mean this is literally just like generating frames on the fly. You're not actually making a, you know, 3D, like rendering. But it seems like it would be useful for training data as well. Yeah, lots of, lots of opportunities there. Well, speaking of training data, let me tell you about Label Box, RL environments, Voice robotics, evals and expert human data. Label Box is the data factory behind the world's leading AI labs. Well said, John. There are a lot of those. Google DeepMind created this short film. AI is going to disrupt Hollywood sooner than most might expect. It's their short film, Dear Upstairs Neighbor. It's previewing at Sundance Festival. It's a story about noisy neighbors, but behind the scenes it's about solving a huge challenge in generative AI control. Developed by Pixar alumni, an Academy Award winner, researchers and engineers. Here's how it came together, says DeepMind. And there's a community note on here. Let's see what they said. The quoted video explains the short film was driven through human made art with AI assisting and speeding up the process. OP is engaged in being poor, chubby, always getting community noted. We've got a number of these. I think that's like at a certain. Point, maybe that's his bit assume that. Things are happening, but you know, the point still holds that, you know, this is disruptive. Who knows if it's completely disrupting. There's certainly, I mean, there's demand for movies that are shot on film still. So how quickly will all this roll out? But if you have a vision these days for an animated movie, you should just go try and make it. At least you have to imagine that even if you want to use a more traditional process and go through the traditional Hollywood pipeline, showing up to a pitch meeting at an agency with a pretty much polished AI version of your film is going to resonate in a way that a script might just get sent back in the mailroom. So I don't know, I could imagine this in like the prototyping, the storyboarding phase. Really, really taking off, staying in Google land, please. Addie Osmani over at Google Cloud shared some big changes to Gemini in Chrome Agentic browsing with auto browse, Nano, Banana and more. Let's pull up this video if you can see it here. This is a huge day for tech news today. We had so much earnings. I mean, all week, all week there's been a lot of stuff, but the other stuff was like planned. The cloudbot stuff earlier was not. Is there audio on here? Can we play this audio as well? Let's see. Chrome. Let's see. This is Gemini in Chrome Agentic browsing with auto browse, nanobana and more. Does it work? Let's see. New state of the art model for in context image transformation. And traditionally, if you wanted to see how furniture would look in a room, you'd have to download a photo, upload it to an editor and hope for the best. Here with nanobanana, just point Gemini to an image of already on your screen and in this prompt to show me. AI in every feature. You actually like downloading the images and round tripping them. That's your preferred workflow. And every consumer is just like you. Right, Tyler? Right. Stunned in the silence. All right. I mean, hit it with the flashbang. Oh, no, wrong flashbang. Surprised? There's now big changes to Gemini in Chrome. We got flashbacks. Lights over here. Okay, but this is still like, like making the product from like a very like, AI first view. It's not just like taking the normal thing and then just adding one extra AI button. I mean, I'm not a product manager at Meta, but you have to imagine that there's, there's little features like this that can seep their way into Facebook and Instagram where you see a photo of like, you see a photo of a restaurant and you're like, I think that'd be great for a team off site. Let me just not download the photo and put me, you and Jordi at the dinner table at the restaurant. You know, envisioning what we're like. I just hit share and then I say, hey, put, you know, put the group chat that we're in on Instagram DMs in this photo. That'll be funny. It'll be more inspiring for them to be like, yeah, we should go to dinner there. Right? I guess. Of course, the feature in the video actually got shown. Yeah. Yeah, I wonder if that should actually live. So in that example you're looking at an apartment online and you're in your browser being like, make it look like Kelly Wearstler styled it. Yeah. And it adds a bunch of furniture. Should that live at the browser level or should it just live in Zillow or Redfin or Compass? Right. Yeah. It's kind of a question on where. This with the OS layer. I know what you're going to say. You're like the OS layer, your OS build now, right? No, I mean in this case I feel like it should be like actually in Redfin and you should be able to cycle through a bunch of different interior design. We have seen that every single layer of the stack is adding AI features from top to bottom. Interesting context here from compound248. Google with an absolutely murderous response to OpenAI's app. Just browser just killed app. Highly strategic for Google launching a browser with a mistake by sama and the OpenAI team. OpenAI was never going to gain big browser share. But launching gave Google the needed cover to launch its Chrome AI embedding without violating antitrust. Because now it's a competitive response. Would they have had. It's hard for me to believe that Google wouldn't be allowed to add AI features. I don't necessarily buy that, but it's an interesting take and it's one position Google's using its browser incumbency as distribution and learning angle for AI is going to be exceedingly powerful. If you allow it, the browser is going to learn from everything you do online, creating differentiation for its position as a personal AI. Wow, big day today. We're not getting any fines from the chat because we're both suited up. Yes. It's been a minute. I like that. Thanks for holding us accountable. Turbo Puffer server release vector in full text search built from first principles and object storage fast 10x cheaper and extremely scalable. There's so much new TikTok uninstalls surge 150% after apps US takeover. That is a crazy surge. Okay, yeah. So there's a new king of the app store. It's called upscrolled. Yes, it is a TikTok Instagram clone competitor just getting off the ground. But I guess, yeah, people. I think people had the perception that TikTok was immediately censoring a bunch of different topics, political topics, and then just decide upscroll. Like use that as an opportunity to say like, hey, we're the alternative. Yeah, it was interesting because I know people were tracking the TikTok changing ownership. Is TikTok going to get banned. There were a lot of TikTok creators that took that as an opportunity to diversify to reels and, and shorts and it just became obvious that you should be a multi platform creator around that time. But I wasn't aware that the TikTok community was going to be tracking like when the servers actually shifted over to Oracle. It feels a little wonky and not something that would go super viral, but I think. Yeah, but people notice because videos stopped being served. Yeah, yeah, exactly. So there was an outage and that certainly drove did deletion and Sean. Sean highlighted something. Yeah, but again to be clear, it's like there is a base level of TikTok uninstalls and then that serves 150%. That doesn't mean that they're declining by 50% or anything like that. Like there's still new installs calling up scrolled. Yes, the rumble of TikTok. Really? The rumble of TikTok. Sean Frank says TikTok views are down. People are blaming the new owners. I think this is just proof that TikTok was botting views the whole time. Your hundred thousand view video was probably reaching 25,000 real people. So no surprise here. For me, I always felt like it was always obvious that there were very real people on TikTok. I know people that went over to TikTok, they'd start making videos about startups, they'd start getting real inbound from people on LinkedIn. So they very clearly was always a bunch of real people there. But TikTok had every incentive to just bought all the views because what happens if somebody's getting way more views on TikTok versus Instagram? They're gonna lean in, they're gonna say like I have more followers on TikTok, I should be creating content there. And that created a flywheel. And so you can imagine as things shifted over, who knows, right? Like basically the new product. Yeah, I mean they had some system that was. I like different formats. I liked vine back in the day at one point I did set up a TikTok and I uploaded like two or three videos. I was just trying to see like what it felt like to use that platform. And I noticed even though I came to the platform with zero followers, the three or two or three videos that I uploaded immediately got 500 views each. And I thought that the model was you get more of an opportunity to like sort of audition your content in the algorithm and then if it was works, it can blow up very quickly. And I think that that's somewhat true. Like When I started my YouTube channel, the first videos that I put up got a hundred views and for like a year, if I broke a thousand views a video, I was like, this is amazing, like crazy. You're really grinding. Yeah. But on TikTok you post and you immediately get 500. And I've talked to some folks years ago who would set up a new TikTok account for a brand new and they would launch one video that was so polished and so designed to be go viral. Like they'd blow up a car and they'd spend all this money shooting this and it would actually just. They knew that it would go viral and it just immediately go out even though it's a fresh account and there were no followers because they just knew it was good content, it would get shared. TikTok would audition it to like 100 people. Remember when TikTok launched, it was a period where it was so difficult to grow on Instagram. Yeah. Like that there was a huge challenge. If you're a new creator, you go on Instagram and be really frustrated because your stuff just wasn't getting shared with people that didn't already follow you. Totally. There's some comments under here. Last thing on the TikTok front, Turner Novak commented, maybe they were views from Chinese users which are gone now. It also could be international users. Remember there's like, if you have a new US app under US ownership, is it getting shared with international users that are using other versions of TikTok? Unclear. Well, let's bring in our first guest of the show, Anton from Lovable. While he comes on, I'm going to tell you about Gusto, the unified platform for payroll, benefits and HR built to evolve with modern small and medium sized businesses. Welcome back to the show. Welcome to the TVP and Ultradome. Thanks for taking the time to come and hang out with us. West coast, west coast tour. It's cool to be here in person. Thank you. It's been more than six months, but it feels like much more. A shit ton has changed. The business is doing better than ever. I can imagine. Every time I. Every time I see a post about you from you, there's a new biggest number. How are, how is growth going? Is it still accelerating? How's the business doing? We are doing great on the growth side. We hit 300 million ARR two months. After 200. The gong is even louder in person. But more interestingly to me is the builders who do real things. I was on the airport from San Francisco here and Adam at.

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