Raise. I'm very happy to say. So we raised a $25 million seed. Seed. Not bad. There we go. There we go. That's what. What's after a mango seed? What's bigger than a mango seed? Cuz I think of a mango seed as like 8. This is like a watermelon. Yeah, watermelon. No, watermelon has small seeds. Watermelon, big fruit, small seeds, doesn't have a lot of. Mango is the biggest seed. It's just the end of the road after that you just go. Just go. Giant AI seed round. Well, congratulations and thank you so much for coming on the show and breaking it down for us. Yeah, come back like, as you guys have and things like that. Come back. You don't need to have fundraising news to come on and talk about biological computing. You guys come to the lab. Yeah, that'd be great. San Francisco and Mission Bay. You guys are always welcome to come. Amazing. See some brains. Thank you so much. We'll see you soon. Have a good rest of your day. Let me tell you about graphite. It's code review for the age of AI. Graphite helps teams on GitHub ship higher quality software. Software faster. And without further ado, Andrew Huberman is the founder of Huberman Lab. He's here in the TVP and ultradome. Welcome to the show. Here we are. Cheers, guys. Cheers. In a can. Can you hear me? Yes, we can hear you loud and clear. Give us the latest on mate. Yerba mate. Yeah. Zero sugar cold brew, Yerba mate. I'm half Argentine, so I've been drinking mate since I was a kid. Okay? It's got caffeine and it's a super smooth arc of caffeine. That's why I love it. Yeah. But the zero sugar cold brew, yeah, we made five different flavors. It's organic bpa, bps, Pfast free cans. Because a lot of people worry about that stuff. Yeah, smart. Nobody wants the credit card's worth of microplastics in their brains, testicle and ovaries. And it's free of all that. And it's awesome. I have very high caffeine tolerance, so I drink, no joke, like four to six of them a day. But most people do just fine with one or two. Right? I'm right with you. I don't know. It's crazy. So we have like such a regimented schedule that my caffeine intake during the week as I wake up, I don't follow your protocol around waiting. I get right into the yerba mate. I actually have AB tested it. I notice, I personally notice no difference whether I get started. So you have one in the car before the gym? I have one in the car on the way to the gym. Caffeine before the gym is such a hack and I don't do it and I need to get back into it. I don't know, sometimes it's tough. How underrated is caffeine? Caffeine as a performance enhancing drug in the gym, I feel like that's good. Well, look, if you have anxiety issues, you should be careful with caffeine, but if you don't, caffeine's great. It's definitely a performance enhancer. So much so that the people that regulate this stuff in sport set an upper limit on the milligrams of caffeine that you can ingest. But I cut off the caffeine intake at about 2pm but listen, I also drink caffeine first thing in the morning if I'm going to work out in the first two hours of the day. Sure. And that's about three, four days a week. I do that. Other times I, you know, I wait a little while. So it's really an option. But I love yerba. I also drink coffee. I'll have a couple double espresso and I love it. I mean, but like you guys, I'm get up, hydrate, electrolytes, caffeine, family, work, work, work, work, out. Work, work, work. And then by 8 o' clock or 9 o', clock, if you cut the caffeine out earlier, you're going to crash on a steep cliff and it feels great because you fall asleep easily. Yeah, yeah. I always, I always stop it. I always stop basically when the show ends. That's when I'm having my last caffeine for the day. I sleep amazing and then get it started again. Yeah, the challenges on the weekend, because in the week our, our schedule is so regimented and then on the weekend it's a little more flexible and I'll start feeling if I haven't had my fourth yerba, by the way, my fridge. At home is filled with Mata because if I don't, I'm like, not a good dad. I mean, in South America, you'll see people drinking yerba after meals because it helps with digestion. It's a mild appetite suppressant. So if you like, I like to work out fasted. It's not going to kill your appetite, which is good because we still need to eat. Everyone's like trying to eat less these days, it seems. But you still need to get the nutrients and then it's high in antioxidants. It's got a lot of positive benefits. And it's not necessarily an alternative to coffee. You could do both. But it's not an energy drink, quote unquote, in the sense it, it doesn't have alpha gpc, taurine, all those things that a lot of energy drinks have. Not to knock on those things, but I think Yerba coffee. Yeah. The challenge is making traditional energy drinks a habit. You're supplementing a bunch of things that you don't necessarily. You have to understand you're signing yourself up to be constantly dosing supplements that a lot of people just aren't fully aware of because they, they just look at it. They're looking, how much caffeine does this have? And not really paying attention to the other stuff. How is the business? Oh, sorry. No, go ahead. I was just curious about the state of the business distribution. I mean, you have a massive audience, so the logical place to start is direct to consumer. But the final boss of almost every consumer product is retail. How are you thinking about the rollout of the product? Yeah, it's going great. I mean, we partnered with Mattina, so I'm a partial owner with Scicom. You guys know Rob and the rest of the guys at SciCom. Andrew Wilkinson from Tin. Oh, yeah. And we are available online through Matina, through Amazon. We launched in Whole Foods in Costco Canada and in Sprouts markets just recently. And pretty soon it will likely be everywhere you look. So. And people love it. You know, I'm very happy when people say they love it. It's delicious. You know, 90% of the world's adults drink caffeine every single day. It's the most popular drug in the world. And most people need it to function pretty, pretty well. But recent studies showed they looked at coffee, but a couple of cups of caffeinate coffee per day seems like it can offset some of the dementia risk. Now there, I mean, with a study like that, there are a bunch of issues. It's not necessarily causal. Right. People drinking caffeine probably working more, focusing more, more cognitively engaged, et cetera, et cetera. But as long as it doesn't send you into a, a spiral of anxiety, you know, caffeine is quite good for you. That's very clear, sort of random. But do you have any insight into what different groups of Olympic athletes are doing? When I've seen some, I've heard some stories like there's such a range with these athletes where you Might have, like, an Olympic snowboarder who's like, you know, hardly sleeping and just, like, having some energy drinks and heading out there. And then you have, like, the guy that's doing, like, curling is, like, you know, the most regimented or whatever. Obviously, everybody's different. But what do you think the. What do you think the best athletes in the world are doing this Olympics? Like, what's cutting edge that maybe normal people aren't thinking about? Yeah. So, I mean, this also showed up in the NFL a little while ago, but people are taking vasodilators. You know, Viagra and tadalafil, commonly goes by Cialis. You know, tadalafil is a vasodilator, lowers blood pressure, and people know of it as Cialis for erectile dysfunction. Right. But it was originally developed as a drug to improve prostate health. Because when you vasodilate, when you dilate the vasculature, you get more perfusion of the prostate, and you need perfusion of the prostate. Avoid infections, but other things as well. So the basic takeaway is that Most every male 40 and older should probably be taking somewhere between 2.5 and 5 milligrams of tadalafil, not necessarily for erectile function, although it will augment that as well, but to lower blood pressure and to improve vasodilation for the brain, for the prostate. I'm not saying this as a biohacker or a podcaster. We had our head of male sexual health from Stanford. His name is Mike eisenberg. He's an MD, PhD. He is best in class in terms of male sexual health, endocrinology, et cetera. That's his recommendation. And it's one that most every male, maybe 35, but at least 40 and older, should take just as a preventative, you know, strokes. So you don't think that'll. People are taking it. Athletes are taking it as effectively lower performance. To lower anxiety, pre game to, because it lowers your blood pressure a little bit. They think it might be a performance enhancer by delivering more blood to the muscles. You know, you have to look at what's on the band list, and there's obviously lots of things on the banned list. And then they're gonna be the things that people are gonna use because they're not on the banned list, and they'll be banned the next Olympics. That's often how it goes. So I pay a lot of attention to this over the years. If you looked in the 90s, you saw things like bromocriptine, apomorphine Things that people who know those names will augment. Acetylcholine, dopamine in order to improve fast transmission of neurons and alertness and focus for getting quickest out the blocks and sprinting, for instance. Those drugs are now banned. Okay, you'll see in sports where staying calm is an advantage. Any shooting sport, for instance, most of the banned drugs are things that lower heart rate. Imagine skiing up to a target, picking up your gun and shooting. The less you're shaking, the better. So there's a bunch of banned drugs, and then there are all the things that people will take to lower their blood pressure. And some of those are not banned. And this is kind of how the cycle goes. We heard about the skiers injecting their penises in order to expand their bulge size. I guess it were in order to get a little more air resistance in order to perhaps capture a little more airtime. That was. I hit the press mostly because it's kind of. It's kind of humorous when we think about it. That was real. That was real. You're going to see this. You're going to see this. You're going to see peptides like BPC157 I believe is banned. But that's a naturally occurring gut peptide. Very hard to test for because you have tons of it circulating. And the synthetic versions may or may not differ from that version as much. So much that you can detect it. Yeah. Interesting. You have a question about peptides broadly? Yeah, I would love like an update. Since we last talked, probably tens of millions of Americans have jumped into the fray, or you've taken over San Francisco. Chinese peptides is like a whole meme in tech. And I think everyone's wondering, Faustian bargain, at what level should they be experimenting with these things? What type of research they should be doing? What is the current thinking around peptides broadly? Okay, I'll hit the key bullet points here for the novices and for the aficionados. So a peptide is a short chain of amino acids. So insulin is a peptide. So when people say peptides, they're generally referring to things that people take by injection or orally in order to augment some effect, healing, growth hormone release, et cetera. Just as when we hear the word steroids, I mean, estrogen's a steroid hormone. But when we hear about steroids, we're typically thinking about androgenic steroids, right? Testosterone, et cetera. Okay, so when it comes to peptides, some are FDA approved, right. Some are made by drug companies, have passed through their patent, many of the so called growth hormone secretagogues, Tessamorelin, ipamorelin, these are things that cause the pituitary to release more growth hormone. These have been tested, FDA approved. Most people are not getting them from drug companies. They're getting them from either compounding pharmacies, which are our lower cost alternative, that there isn't as much stringency in terms of purity. So they varies by compounding pharmacy or from what we call gray or black market sources. So when you say Chinese peptides, what you're talking about is you can go online and buy peptides that are listed or labeled as for research purposes only. And that's what a lot of people are injecting. And that is a concern. And I, you know, I'm not saying this because of my relationship to Stanford or anything like that, but I'll just say I do not think anyone should inject peptides that are labeled as for research purposes only. Because even if it says 99% purity, the 1% is likely to be something called LPS, lipid polysaccharide, which can cause inflammation. It's not a good thing to be injecting. Maybe one injection doesn't do anything, but when you're injecting every day for five days, a week and for a month, you can start running into some issues, autoimmune effects and so on. That said, let's just acknowledge what people are doing. And there's some peptides that have very impressive results for which there's essentially no human, good human data, lots of animal data and lots of anecdote data out there. For instance, people will claim, although there's no really good clinical trial, that BPC157, which is a synthetic version of a gut peptide, can accelerate their wound healing. What's the problem? We don't have a control experiment. It acts systemically. So I can't inject it in one elbow, not the other. If I have two elbow injuries and say, okay, it worked better for this one, not the other. And people claim it could be placebo, but people claim that it helps them. Study where they break both of your arms. But the issue is that it goes through your whole body. Yeah, yeah, you know, and it increases vascular growth, it increases nerve growth, it increases cartilage regrowth. From the animal studies, we know that. So the logical backbone is there. People are using it like crazy. The lethal dose is very, very high. I don't even know if anyone's achieved a lethal dose. The one study that was done in humans looked at, believe it or Not BPC enemas at very, very high doses. Gut like a colitis issue. I believe it was. Listen, I think you have to just decide what your margin for risk is. The other one that's very interesting that not a lot of people are talking about is Pinealin, which I've tried it, I don't take it any longer. I tried it for a little while and it doubled my REM sleep. I was getting close to three hours of REM sleep per night. It's thought to increase regeneration or the health of pinealocytes in the pineal which make melatonin and so on and so forth. But the big one, the peptides, that's. Going to change everything. I think I tried that. The one you just mentioned last week. I was hanging out with David Senra and a friend of ours had it and I think it was in a capsule form. I expected it not to work very well. Friend said it works fine. I tried it. No effect on my data. Is that how do you think about different form factors? Injectable only and on an empty stomach, not having, meaning not having eaten in the previous two hours, 30 minutes before. Because that's an issue. That's an issue because it's a gray market right now. People will just be like, yeah, I'll sell you a peptide in this capsule. Technically it's, it's what I'm saying it is. But I'm giving you it in a form factor that doesn't actually work. And so it's all placebo. But I just looked at the data and I was like, I tried this two nights in a row, it had zero effect. And I don't think a lot of. People, I doubt it was Pineal and it might have. And sometimes they'll throw some melatonin in there. So you feel, quote unquote an effect if for some people you got to get it from a compounding pharmacy or a reliable source. I'm not suggesting people do it. I actually stopped taking it because, and this is not a promotional, but I take agz which is their sleep formula. I help design it. My sleep on AGZ is amazing. Amazing. I'm getting two and a half hours of REM sleep per night. I get tons of deep sleep. I feel great. So I don't need Pinealin. But the peptide, that's going to change everything. And this is more up your guys alley because this gets right into the business sphere is Lilly has a patent, Eli Lilly has a patent on a peptide called retatrutide. Retatrutide is sometimes referred to as GLP3. It's a triple agonist of the GLP1 which we're all familiar with. Glucagon and something called GIP. I believe if I'm wrong someone will correct me. Of course the interesting thing here is that in a phase 3 clinical trial in humans, it caused up to one third loss of body weight. So a loss of 1/3 of body weight in about 6 months time it seems like there's some degree of muscle sparing. It works phenomenally well for weight loss. The bodybuilding community has been onto this for a long time. Bodybuilders always get there first. Then what happens is in Florida and the United States, doctors who work out in gyms with people who know how to gain muscle and lose fat quickly start experimenting. Then it goes into their high level clients. Then it shows up in Hollywood. Everyone lies or avoids answering the question of how they got so jacked. They talk about eating chicken breasts and they're actually taking growth hormone incipientate and Winstrol and retrudotide retatrutide. Excuse me. And then, and then everyone hears about it and they start, you know, whatever looks maxing it and then it's a big giant mess out there. Here's the deal. We are looking at a potential change in the laws around peptides such that buying peptides would become illegal. I actually think this is a terrible idea. But the motivation behind this is largely because Lilly owns the patent. People are already injecting retatrutide. They can buy it out there, they're taking it maybe a third of the dose that's recommended in the trial. And they are seeing phenomenal results at fat loss. Not a week goes by where I don't get 100 questions about REDI Truth. It might phone my personal phone, let alone email and et cetera. Wow. So the reason why peptides might soon become illegal to purchase through even compounding pharmacies, let alone gray market, is because Lilly would like to protect the domain over that patent. This is going to be a trillion dollar drug. Trillion dollar. But people are already taking it. I've never tried it, but people I know who have taken it said it works phenomenally well at a fraction of the dose. So today I looked at what are some benefits that outside of weight loss. Are there Secondary reduced alcohol appetite, reduce impulsivity perhaps. Remember that the receptors for these things are all over the brain and body. And the other GLP agonists have been looked at for alcohol use disorder, for binge eating disorder and for A lot of behavioral and impulse control disorders because a lot of the receptors are rooted in the hypothalamus, which controls a lot of impulsivity type behaviors and anxiety related behaviors. So, you know, my stance on things is, you know, do as you wish, but know what you're doing. But with the important caveat that if you are an adult and your body is fully formed, you are in a completely different landscape than if you're 14, 18, 20. You know, I worry very much. We're hearing more and more about young people, especially women in the past, but now also young guys who are thinking, oh, you know, they've got to take trt. That's crazy. You know, I've talked about the fact that at 45, I'm 50 now, 45 years old, I started taking a microdose of cypionate. Microdose, but micro. So I maintain fertility. I've checked that. I take hcg, et cetera. Never in a million years would I suggest anyone else do that in their 20s or 30s unless they have a serious issue with peptides. There's the risk of where you're getting it from. Purity, right? But there's also the risk that if you're augmenting growth hormone in your teens, your 20s, you can really mess up your hypothalamic, pituitary, body axis, all the organs of your body in major ways, you know, shut down fertility. You get, if you come off these things, you, you may revert to a state of, you know, a depression, et cetera. I just think the whole looks maxing phenomenon is really, really dangerous and foolish, especially in people younger than 40. Right. It's just, well, especially because there's a way to look smacks without hitting your face with a hammer. Sleep, diet, exercise, you know, taking get. You 99% of the way there. Also, see, you need to evaluate kind of where you are at the very end of puberty. Puberty is a very protracted thing. You know, I hit puberty when I was 14, I didn't shave till I was 20. I swear my head and face changed shape over time. You got to let your people develop over a long period of time. If you introduce exogenous hormones or you start blunting estrogen, or you start, you know, because guys will say, oh, they have too much estrogen or something, where they start taking peptides. I mean, you can really throw off the trajectory of your physiology. And then you're the person in your 40s and 50s often who looks much older. This is the thing that people don't realize that there's always a dynamic tension between the things that give you vitality and the things that extend your life. For instance, if you take growth hormone, you'll feel more vital, you'll gain muscle more easily, recover from injury more easily, you'll lose visceral and body fat. Guess what? You'll also age more quickly. The reason bigger dogs die earlier than smaller dogs is they have higher dosing of growth hormone and IGF1. It's well established. So you get vitality, but you lose time with testosterone. You have to ask yourself, what are you gaining? What are you losing? If you can go from having no energy whatsoever to the ability to work and exercise, increase libido, et cetera, well, then you're probably gaining years if you're doing those things. But I'm very concerned about people just trying to get whatever an angle, jawline, abs, et cetera. It's, it's because of phones, right? Of people taking photos themselves. I mean, I'm old school, so I feel like if you're a guy taking pictures of your abs and posting it online, like, like you need to invest the money in a, in a, in a psychologist, not in a peptide. But that's just it, you know, that's a, that's a generational thing, right? I think I'm more impressed by what people can do with their physicality, trying to hit it, some numbers, some lifts, some running, some hiking, some rucking and, and then. But this overemphasis on appearance on social media, I think is going to cause a lot of destruction for people that try and chase that. Do you get questions from parents who have teenagers and they're considering giving their teenagers HGH all the time? So people who have kids that are much shorter than their peers nowadays, often, I'm not suggesting doing this will delay puberty in their kids. They'll sometimes give them growth hormone. We know that some of the drugs, the prescription drugs that help with ADHD, can blunt growth at high dosages. There's actually a very interesting drug that went through phase three or is at the end of phase three now, which was designed, excuse me, designed for excessive daytime sleepiness, called Sunosi, which is kind of a dirtier hit of the dopamine and epinephrine and a little bit serotonin receptors that is promising for adhd. That's a non amphetamine ADHD drug. That's very interesting. That might be a good alternative to some of the Adderall, Vyvanse, et cetera. Of course, you need a Doctor's prescription for these things, I'll just throw out a name. I have no formal affiliation to them, but there's a YouTube channel, a guy, we had him on the podcast, Dr. John Cruz K R U S E who has covered every aspect of adult and child adhd, from behavioral tools to the different drugs, the amphetamine based drugs, Sunosi and all of those Modafinil. Very, very high information content, short videos, 10 to 15 minutes. Nothing like mine, you know, mine will cure insomnia. So I send parents there and look, I can say, what are you doing giving your kid growth hormone? But like, I don't know, I was never the tallest in my class, I was never the shortest. I'm, you know, six one if I stand up straight, you know, five' eleven if I slouch. And so I do understand why people feel like they need to do this for their kids based on what you hear out there. But when you start playing at home, endocrinologist, and now it's very easy to find a physician that'll work with you on these things. You are, you're playing, you know, you're playing a dice game and you're playing it. So you have to think real carefully about when, when and if to do these things. But ultimately, you know, parents decide and kids decide. Switching gears. I want to talk about cannabis. I was about to ask. Yeah. Are you guys fans? Be honest. No, I'm not a fan. No. Yeah, me either. It used to be, I mean, I grew up in, I grew up in Northern California, so it was always. It's funny, wine country is like cannabis country, you know, it's less visible than, you know, the vineyards and things like that. It used to be expensive, difficult to obtain, laced with oregano. Now it's like industrialized, available at the push of a button. And I mean, the New York Times is writing that. You see these charts, like the number of hospitalizations, that was never a thing in the 90s that I remember. And it feels like we're on the cusp of, of really just rediscussing this as a society. On, are we in an epidemic? Do we need to have a more national conversation? But what are you seeing in the research and in your world about how big the problem is? Yeah, well, as a personal stance, I'm largely for legal but regulated that just as my personal stance, I wanna just throw that out. That's just me personally. I've hosted two guests, one clinician, one scientist about this. And I did a solo episode. I did the solo episode in addition to making some small errors in there about receptor affinities and things like that, I made a statement which was based on the literature I was seeing, which is that there is a population of people, especially young males, who have a predisposition to schizophrenia or bipolar, meaning they have a first relative with those conditions that are at very high risk for cannabis induced psychosis, some of which doesn't reverse, which is really scary. I got accused of misinformation by traditional media. Not, you know, not like being off misinformation. And I'm going to keep my hands under the table because my response to that I think they can understand. Yeah, so misinformation of American Medical. Yeah, I witnessed and at this point everyone has the anecdote there too kid, where. Yeah, well now the pendulum is swung back and those same publications are saying it can cause psychosis. Okay, look, so there's more data now I get it right in the media game as a whole discussion in to itself. So I had one guest come on, very thoughtful guest researcher from Canada who explained that the psychosis is often caused by an over ingestion of too much thc. And in his words, just to be fair to him, because he's a serious researcher, serious scientist, said that when people smoke, so if they inhale it by vape or smoking, they tend to hit a plane of high that's not excessive and the risk for psychotic episode is lower. Then the clinician I brought on said that he's not observing that he's a clinician. Keith Humphrey, he's from Stanford, he's not observing that he's an expert in addiction of all kinds. And so what we do know for sure is that THC concentrations are very high. It's very easy to over ingest through an edible versus through inhalation. Look, I think that the issue is how often and how much and on what genetic background is somebody doing this. Now the problem is you don't want to be part of the experiment. You don't want to be the person that discovers that you have a predisposition to psychosis by smoking high THC weed. We see the same thing with Kratom. So with Kratom you've got Kratom products that people say, oh, you know, Kratom helped them get off opioids. And I don't deny that. Right. You've got activist groups that are pro Kratom. You also have people who will say they took so called Kratom products which are isolates of the molecule. This is what we Tend to do in this country. We find an interesting plant that has some psychoactive properties and then, I don't know, maybe pull the nicotine out of tobacco, concentrate it. Next thing you know, they're making money and you're putting in, you know, five pouches a day. They'll take Kratom, the plant which is chewed, the leaves are chewed. People say, oh, it's kind of a balance between alertness and calm. Great, they'll isolate Kratom, then they'll do Kratom isolates. And now you're getting people who are having opioid, like addiction to Kratom isolates to synthetics. Likewise with thc, you had a balance between THC and CBD in the plant, different strains, et cetera, et cetera. It was a kind of a community for a long time. This has, you know, it even has religious uses, et cetera, and cultural, you know, relationships. And then all of a sudden it's like, no, we've got really high THC concentrates that you can buy at the convenience store. And then people with a predisposition are having psychotic episodes. Here are a couple things. I'll say one thing facetious and then a couple things serious. One, I really love to compete with people who like cannabis because unless they're a martial artist or a creative, like a musician, you're gonna blast past them. So, you know, it's kind of like recommending great Netflix series to your competitors, right? Yeah. Or Remote Work, I recommend. You're gonna win. Okay, now that's the facetious side. The serious side is, you know, couple guys or friends, gals, two getting together and smoking some weed. And one person's like, oh, this really calms my anxiety. Makes. Makes them feel as if they can engaged socially. And the next thing you know, they're losing motivation for a bunch of other things layered on top of social media. The challenges of life as they always existed, but also nowadays. And the next thing you know, you've got somebody with some serious mental health issues and a full blown addiction. I do know that my colleagues that work on addiction, Dr. Anna Lemke, who's an MD, who wrote dopamine Nation, Keith Humphries at Stanford, they'll tell you that many, many more people are coming to them of all ages saying they struggle with cannabis. I will also say that you're not gonna get REM sleep sleep if you are ingesting cannabis, certainly within a few hours of sleep. Anyone that quits cannabis will tell you that their REM sleep, their dreams, just comes Back like crazy for many months, if not years. And you need REM sleep to offload the emotional load of prior day experiences. So I get it. And then the last thing is that there's always the comparison to alcohol. Actually did a post about this on X, but it's crazy, right? I mean, I've talked about alcohol before. Zero is better than any two per week. You're probably fine. If you're going to drink more, do more things for it to support your lifestyle. I'm not a teetotaler. Do as you want, but know what you're doing. But people always say it's better than alcohol, as if you had to pick one. And maybe you do. Maybe in order to socialize, people feel like they have to pick one. I don't know. I've always been able to say whatever the heck is on my mind without any alcohol or drugs. So you don't want to be around me if I were drunk? Because I'll tell everyone everything. But no, I do it anyway. And I think it's just an issue of. I get it. In your teens and twenties, late teens and twenties, college, thirties, when you go to a bar, you don't want to sit around and necessarily sober. I get it. So what are you going to do? You're going to have a couple drinks or weed, which one is better? It really depends on who you are. And the comparison is just kind of a fool's errand. You're never going to solve what's better. But there are many, many more people smoking or ingesting high THC cannabis. And you have examples of people who are extremely successful, extremely ambitious who use cannabis. But those people probably need it to not go over the peak of anxiety from their ambition. They're using it to stay in a healthy zone. Whereas people that have more apathy, they're less motivated, they should stay away from cannabis, in my opinion, if they want to make something of their life. I completely agree. That's great. That episode. Yeah. Hard to fit into a post on that. Yeah. So. So there's been a lot of studies on the impact of social media on people's mental health. Right. Young people, teenagers. What about. And then right now, one of the most popular words in the world is or phrases. Brain rot. Right. Are there any large scale studies being done on the impact of consuming an hour or two hours a day of short form video? Like what are you tracking? Because if you just look at the data YouTube has, I forget the exact number, but the average person in the world is watching like A meaningful amount of shorts every day. So some people are watching hundreds and hundreds, others are watching zero or maybe a few, but there's a range. Yeah. Well, I'll just offer a tool that I think is very useful. I mean, I don't have problems with behavioral restraint, but I. But I do have a lockbox for my social media phone. So I took my. An old phone, I put social media on that phone so that if people text me social media links, I can't open them. It also means that when I take out that phone, I'm posting or commenting or doing that. And I keep it in this lockbox, which is like a supermax prison you can't even code out of. It has a no code out setting. And I'll leave it in there about 20 plus hours a day. And it's just great. It's just great. I mean, your productivity will go through the roof. I mean, it's getting very easy to blow past your peers now just by avoiding being on social media a little bit more. I mean, David Goggins said this. It's like it's easier than ever now to be successful if you just don't do certain things. Whereas in the past it was like, what do I have to do to be successful? Like, the shortest productivity self help book will be, you know, lock your social media phone in a box for 23 hours a day. And then I do think that. So I'm not aware of any studies looking at one to two hours per day. And I do think that when you approach social media or you're getting online, I think it's important to realize that the brain has an absolutely insatiable appetite for short form video, but its appetite for long form audio is also very high. This is why podcasts continue to grow in their reach. People don't want to hear audio turning over quickly unless there's video associated with it. So I try to get on social media at least once a day, maybe half hour, 45 minutes at the most. But I'm posting and commenting. I think at the moment where you forget time and you're just like. And it's sucking you in is the time where it needs to go back in the lockbox. But listen, Joe, I listen to you guys. I listen to news on social media and I think that's the world we're in. I think that some people also can be on social media and experience some distance from it. Other people are more kind of pulled in emotionally to what's going on. It depends if you're a Creator and people are commenting about you or you're actively engaged in the conversations, or if you're simply an observer. But I think an hour and a half a day should be the upper limit for anyone that actually wants to accomplish something in life. And probably more like 45 minutes to an hour. Unless you're watching news. If you're learning, how do you know if you're learning? What we know from neuroplasticity studies is that that if you reflect on something the next day, you're likely to not forget it. It sounds sort of trivial, but most of learning is anti forgetting. In fact, there was a beautiful study done where they have people read a passage once, twice, three times or four times versus reading it just once and then self testing on it in their mind at some point later. And the self testing in your mind, what do I remember, what don't I remember? I forget that part extended the memory of what was in that passage out six months to a year in some cases. So the reflection on what you saw is the key. So if you think, okay, what did you see yesterday that was of interest, where you actually learned something of value, then you're actually learning from social media or a podcast. But if you're just getting inundated with sensory information, forget it. That's called entertainment. You're just numbing out or they're rage baiting you. And I mean between what happened, between the Minnesota stuff, right? Then the Epstein thing and then the next political whatever, the amygdala is just getting hammered. And we know when the amygdala is activated that you're getting many more bits of memory stored, but you're just getting the peak of that information. You're kind of getting a summary. So look, your brain, real estate is your most valuable real estate. What are you going to put in there? What are you learning? And so I would say take a walk and ask yourself, what did I learn on social media today or yesterday? And there's actually some learning to be had. Like I've reflected on what I've seen in this Epstein thing. There were a lot of scientists there, there were a lot of people that were that buried his offenses so that he could come out as this kind of like science finance liaison buries. I mean it was wild how this could happen right after a conviction. And so there's some consideration to be had. But you need to get away from the content in order to think about that and then return to it in a way that's more, I think, nuanced. And that can serve you as opposed to just getting rage baited into it all. Never get rage baited. What excites you about AI? Anything. Yeah, I'll tell you where I'm using AI. I've wrapped my book, I'm doing edits on it right now. And I didn't use AI to write my book. But what I think AI is great for is for designing little exams for yourself for exactly what I just described. So I will have. I like Claude, so I'll just ask Claude to test me on. Give me a 20 question multiple choice test on the microbiome as it relates to the solo episode that I did. Plus some recent work from my colleague Justin Sonnenberg, for instance, at Stanford, perhaps the best researcher on the human microbiome in the world. And Claude will give me questions and I'll go, oh, that's cool, I remember that. Wait, that's where my knowledge falls off. What percentage of the vagus nerve is motor descending? Okay. Those things are important to me. Maybe not you. And so I'm using it to consolidate information that I've learned prior that I might otherwise forget and update my knowledge. And then I'll go to the papers, make sure the papers are actually what's linked there. Because as we know, AI can hallucinate. I think that's fantastic. So it's a teacher. I'm using it to self test, which I know based on a lot of literature can help stamp down memories. So that's one way that I'm using it. I think I love the AI that's woven into eight sleep. That is now I'm no longer adjusting the temperatures. It's doing it for me. Love that. Awesome. I'm giving it my blood tests and it's helping me navigate that. I mean I had a blood lipid issue that was very slight, but I wanted to keep it in range and so I started taking nattokinase. I have no relationship to any company that sells it. Boom, right back into range. And I helped me understand what nattokinase, what sort of shifts can occur. I love Claude and I don't, you know, I mean I'd love to work with them, but I don't, I don't have any relationship to them now. So love, love, love what they're doing and I just think it's super exciting. I'm not afraid of AI but listen, I'm born and raised in Palo Alto, so like heretical to say you don't, you know, are excited about the most recent tech. Last question for me and we'll let you get out of here. Tell us about the fish behind you. Oh yeah. So those are my discus fish. They're freshwater discus. And next to me on either side it was octopus on this side and there'll be another octopus on that side. Very cool. Octopus died after two years. They lay eggs, they die. That's just what they do. It's very dramatic. Cannibalized her tentacles, everything. They're big drama. Big drama. Yeah, yeah. They remind me of some online influencers who are always trying to call attention to themselves, but in the end it self destruct. It self destructs. Relaxing to you, is there? Why fish and yeah. So I've long been a fan of aquaria since I was a kid. And it's just the goal of setting up an ecosystem that's really in balance and it's, it's made me very tranquil. I've always had them in my office, in my lab. And then some years ago, I discovered a guy named Takashi Amano who unfortunately passed away some years ago. But he developed this thing of aquascaping where it, it's really emphasizing the plants and the fish and the lighting. So we built these black box rooms. I'm living. So I moved into an art gallery. I converted a three story art gallery into a living space. I have a gym with fish tanks, octopuses, a loft upstairs. And then in my basement is a no phone, no electronics zone where I draw, do illustrations and I prepare for podcasts and I have it set up with these warm incandescent red lights. My girlfriend and I like to go down there and listen to music and just hang, like get totally away from the world. And I just love the feeling of kind of being underwater a little bit and it relaxes me. And I've got a bulldog puppy that was born a week ago and he's going to be here soon. More flora, more fauna is always bring. The gong for the bulldog. Gong for the bulldog. Bulldogs are the present name. Got a name yet? Yes. Drummer after the great Joe Strummer from the Clash. I went to the the to New York last weekend. My girlfriend. I went to go see meet the breeds, 140 purebred dogs. Everything from the little teacup ones to the bull mastiffs that look like Bert Kreischer and everything in between. And after we left, we just looked at each other and we're like mudded bulldog, which is what I had before. I love all the different breeds. They teach you a lot about nervous systems and temperaments and bullmastiff. Is the perfect dog for Bird. I think he's got a couple of them. But for me, it's always going to be the mudded bulldogs. I don't think I'll ever deviate. Very cool. Amazing. Thank you so much for taking. Great to see you. Great to catch up. Great to see you guys. Thanks. Congrats on the. On the Super Bowl. Yeah. I hope to see you in the Olympics. We will be. We are. We are. We are. We're going to be. Olympics. Amazing. And so Mata's logo will be in there, right? Yeah. Awesome. Yeah. Maybe. We got to get Matahina into the Olympics. I gotta talk to Rob. Yeah, I have an idea. A minute. But, Rob, the whole team's. The whole team has a look. The whole team has. Here we go. There we go. Love it. Yeah. Yeah. We opened the show. You're watching TVPN with these every day. Thank you so much. Yeah, thanks, guys. We'll see you soon. Take care. Goodbye. And with that, we do have to jump on the to Tokyo. So are there any posts? Any other news? Tyler, did we miss anything? Andrew Reed said, literally everyone's capitulated on the AI trade. There's definitely no bubble. Surely now is the perfect time to declare victory. Clock toad is growing 100% month over month. Wow. 2.5 billion run rate, 100% month over. Is that good? Yeah. There's also.

Five code. Founder. Five code. I see multiple journalists on the horizon. Standby. Uav online. Glaze. Double glaze. Triple glaze. Double kill. Viper. Wrong. Wins. Team deathmatch. We are experts. Triple. Let's just roll, right. Market clearing order inbound. Come get up. We are surrounded by journalists. Hold your. Strike 1. Strike 2. Activate. Go retriever. Market clearing order inbound. 5. I see multiple journalists on the horizon. Standby. You watch the TVP. Today is Thursday, February 12th. We are live from the TVP ultra wide on the temple of technology, the fortress of finance, the capital of capital. Ramp.com baby. Time is money. Save. Both easy use corporate cards, bill pay accounting and a whole lot more all in one place. We have a great show for you today, folks. We're taking a little tour of the health world. We got Brian Johnson and Andrew Huberman on the show. Of course. We also have Matthew Zeitlin, June Park, David Risher from Lyft is coming in. Todd McKinnon from Okta. We have a number of other folks joining the lightning round. It should be a fun show. But first I have to tell you what LINEAR is. Not only do they sponsor the lineup, but they are the system for modern software development. 70% of enterprise workspaces on LINEAR are using agents. So something big happened yesterday. There was a massive viral article. And do you know how big, big. Something big is happening. How much that grew? It went big. I was getting texts about it. It has over 100,000 likes now. We were looking at. It was like 50. How many views? I think it's over 100 million now. It's quickly becoming the most read thing in the world. I don't know. It's crazy. 75 million. 75 million views. Views. Okay. And 100. They're saying that only 200 people actually read it. But everyone has an opinion. Everyone has opinion. I had an opinion. I wrote a piece about it yesterday comparing saying AI is not like Covid. I kind of got one shot by the COVID analogy just from a mathematical perspective. Spent a lot of time talking about the difference between experiential growth and sigmoidal curves and logistics curves. But I enjoyed it. I enjoyed talking to the author on the show. And Will Menidis had a great rebuttal as well. Talking about these are tool shaped. What are they? Tools? Tool shaped objects. Just the idea of like getting your workflow set up. It can be a little bit of a nerd snipe sometimes. There's a whole bunch of news but the best reaction for two something big is happening. It's got to be John Palmer. Something small is happening. I was reading this this morning, actually laughing out loud. So we'll read through it. John Palmer says. Yeah, you were reading it to yourself and then you just started belly laughing. And so then I started filming and then I asked you what you were reading. I was filming you. Then I sent that to John to get his reaction to you reacting to. His before we read through this, let me tell you about Restream 1 livestream 30 plus destinations if you want a multi stream go to restream.com so think back to 2014. Over a decade ago, if you wanted a burrito, you had to get in your car and drive to the restaurant. You had to stand in line. You had to talk to a person. If someone told you that one day a stranger would bring you a burrito to your front door because you pressed a button on your phone, you would have said, that sounds dystopian. And also incredible. Then over the course of about three years, it just became normal. And this was before Chipotle started skimping out on the portions too. So it was really, really good. I think we're at that same inflection point right now, except of instead of burritos, it's your entire job. I've spent the last two weeks reading about AI and watching clips of people building things with it. I live in this world now. The future is being shaped by a remarkably small number of people, a few hundred researchers at a handful of companies. I'm not one of these people, says John Palmer. I work in crypto, but I am close enough to feel the ground shake. I follow several AI researchers on X, and I also recently purchased a Mac Mini. I haven't set it up yet, but I think you can understand what I'm saying. I know this is real because it happened to other people first. Here's the thing nobody outside of tech understands yet. The people sounding the alarm aren't making predictions. They're telling you what already happened to them. I am relaying this information to you secondhand, with conviction. For years, AI had been improving steadily. I absorbed these improvements fine because I wasn't really paying attention, to be honest. Then apparently in 2025, everything got much faster and then faster again. I know this because I watched a three hour podcast about it last Wednesday. The host was visibly shaken. I could tell because he wasn't even able to finish a single pint of Guinness taking shots. Then, on February 5, two major AI labs released new models on the same day, and something Clicked. Not for me personally. I was at a birthday dinner for my wife's co worker. But for the people who tried the models that day, it was apparently a huge deal. One guy said he tells his AI what to build, walks away for a few hours, and comes back to find the work done. This will very likely be what my life is like as well. Once I set up my academy, AI will be doing things while I'm in the other room. That's potentially huge. Huge, huge. Let me give you an example so you can understand what this looks like in practice. A guy on Twitter built an entire app just by describing it. The AI wrote the code, opened the app, tested the buttons, decided it didn't like the layout, fixed it, and only then said, it's ready. I'm gonna do something. I'm gonna do something like that. My Mac Mini, some type of cool app or something. I'm still figuring it out, but I have all the hardware and I'm definitely going to optimize my setup with all types of skills and plugins. I'm not exaggerating. That's what my Tuesday could look like, potentially. But I tried AI and it wasn't that good. People would say this. They say this, I tried AI, it wasn't that good. Here's John Palmer's response. He says, I hear this constantly. I understand it because I also thought this. But the models today are apparently unrecognizable from what existed six months ago. Some of the people who are saying this have hundreds of thousands of followers. And make sure you're not on the free plan. You have to get on the paid plan. That's key. How fast is this actually moving? Let's answer that question. In 2022, AI couldn't do basic math. By 2023, it could pass the bar exam. By 2024, it could write working software. And by 2025, some of the best engineers in the world had handed over most of their coding work to AI. In February 2026, you can make AI send you a morning summary of the top posts on Reddit from your Mac Mini. Here we go. What should you actually do? I'm not writing this to scare you, says John Palmer. I'm writing this because the single biggest advantage you can have right now is being early. Early to understand it, early to buy the hardware, early to subscribe to the paid tier and ask it to make a meal. You can start using it for real work. If you're an engineer, give it a. Not a meal, a meal plan. A meal plan. Oh, A meal plan? Yeah, actually make a meal. That would be cool. If you're an engineer, give it a GitHub repo. If you're in finance, give it a messy spreadsheet. If you're in other industries, definitely figure out what you can give it. Then give it that. But give it something for sure. I just need to think about it more. Mention it to your coworkers. Right now there's a brief window where most people are still ignoring this. You can be the person ignoring it less, which puts you ahead. Be the person who walks into a meeting and says, I used AI to do this analysis in an hour instead of three days. It's fine if it actually took you three days. The point is people will respect you. Get a Mac Mini. This is point number three. I think this. And by the way, you can actually get a Mac Mini on doordash. You can just like a burrito. It's important. Every single account I've seen posting this stuff has a Mac Mini. It's the ultimate tool for this stuff. You got to get your financial house in order. I'm not a financial advisor, says John Palmer. That said, I did just spend $599 on a Mac mini plus Apple and $50 on Claude tokens. But if it gets too expensive, have a backup plan to switch to an open source Chinese model. Fourth, watch the podcasts. Actually, don't just watch. Study, tvpn, door cash, et cetera. The good thing is that these shows are several hours long, so you can basically fill up your entire day just watching them. Or making them. Or making them. In our case. Rethink what you're telling your kids. The standard playbook. Good grades, good college, Stable job. It's over. Tell them it's. Tell them it's likely not looking good for them. Go to your 4 year old and tell him it's not looking good. It's not looking good, buddy. It's not looking good. What? I know, I know this isn't a fad. The technology works. And the richest institutions in history are pouring trillions into it. I know this because I've seen it mentioned pretty frequently over the last few months. I know the people who will come out of this best are the ones who start engaging now. Not with fear, but with curiosity, a sense of urgency. Ideally a Mac Mini. The future is already here. It just hasn't knocked on your door yet. It's about to. And when it does, I will be ready. My Mac Mini will be unboxed. My agent will be configured. I will describe what I want in plain English. And it will appear I just have to optimize everything first and make sure my setup is super legit. If this resonated with you, share it with someone in your life who should be thinking about this too. Most people won't want to hear about it until it's too late. You can be the reason someone you care about buys a Mac Mini. Oh, so funny. What a banger. Such a banger. So, so good. I really. No words. No words. I did. Let's see how Codex is doing. I gave, I went and I described in plain English to Codex. 5.3 medium. Build me an app. An amazing app. The best app ever. One that will win awards and make me a legend in Silicon Valley. An award winning app. An award winning app. And it appears to be working. Let's see, we'll check in on this. I need to run it. No, it's running it. I don't know it's describing it. It hasn't said what it's thinking of. Doing, but it says, you don't need to know that, John. You don't need to know that. More seriously, John Palmer's post feels like a response to Will's essay Tool Shaped Objects, which is fantastic. We won't read through Will's whole essay because I think you should read it yourself. He might be coming on the show soon. Yeah, we're gonna get him on the show tomorrow, which we're excited about. But we do love reading a Will Menitis essay laced with tons and tons of advertising. We know that that's one of his favorite things. And you know, we'll read one right now for the New York Stock Exchange. Wanna change the world? Raise capital at the New York Stock Exchange. Just do it. Anthropic. Anthropic is nearing the completion of a deal to raise more than 20 billion in a funding round led by investors including Peter thiel's founders fund, D.E. shaw and Dragonier. Let's dig in. Of course, being a little bit silly with the pronunciation. Sydney over on X said British AI researcher be like Anthropic. So I'm going to start integrating that into. Into my sentences as well. Anthropic is nearing the completion of a deal to raise more than 20 billion in a funding round led by the group I just mentioned. The deal is set to value anthropic at about 350 billion, nearly doubling its prior value, and could be announced as early as this week. The funding round includes a range of investors, including CO2, Singapore's GIC, Microsoft Nvidia and has become a who's who of Silicon Valley and Wall street investors. I think it's worth kind of talking about this just from a PT lens. Yeah. I don't know if you want to break it down, given that. Yeah, he's a former boss. Yes. So Founders Fund is known for the monopoly thesis. Like, there's a power law. You want to be in the best company in the category, you want the best ownership. Put all your money in that one. Yeah, I'll go all in. Famously, they did some other social networking deals, but obviously, like, Facebook was the big one at Seed, and that was enough to return that fund many times over. And so the whole thesis of the fund for a long time has been like this. Concentrated bets. Concentrated bets. AI has been an interesting one. They're now in three major labs because they have a huge position in SpaceX, which now owns XAI. And so they're in that lab. Sort of coincidentally, Peter Thiel, I believe, is listed on Wikipedia as a co founder of OpenAI, or at least he was like an initial donor and got like a co founder title. And so has been involved in OpenAI for a long time. And then they invested, I believe, like the $60 billion round. Right after. Right, right when ChatGPT was launching, there was a big funding round that happened. And it was an odd deal because the company had not yet converted. It was very unclear what Microsoft would get, what the employees would get, what the investors would get, what the nonprofit would get, because the nonprofit was going to keep a stake. And so it was this, like, wild bet. And I know a lot of investors. It was a leap of faith. It was a leap of faith. A lot of investors were scared off because there was, you know, what am I investing in? Like, I'm not getting shares, I'm getting units. And it was like a very odd structure. And I know many investors that were scared off by that. They were like, yeah, the product's amazing. I'm kind of a unit. An absolute unit. I'm an absolute unit, but I'm used to buying shares. Yeah, exactly. So you had to do a lot of sort of leaps of faith. At the time. I was sort of trying to. I mean, I was enjoying ChatGPT. I thought it was an important product. I didn't really have fully full thesis around, like the aggregation theory. And, you know, maybe there would be a winner take all in consumer AI, any of that. I was just looking at the team, because at the team at the time, it was Sam Altman who'd founded and sold a company in this, like Aqua Hire, then worked at yc, been a successful investor. And it was just like all green flags for like, if it wasn't all the baggage of like open AI and stuff. Just like if someone with that resume came to you and was like, I'm starting a company, you'd just be like, yeah, you check all the boxes, great. And then you have Greg Brockman, who is the CTO of Stripe, hugely successful company. And so it's like, wait, you got that guy to come be your co founder. Okay, that's great profit. And then you have Ilya and you had a whole bunch of other folks who were just really, really top tier, just in terms of like founder quality, like worth backing. And so you did have to put the valuation out of your mind because it was so not so disconnected from like startup valuation. But in terms of just is the team high quality? It seemed like it checked all the boxes and that they would figure it out. They, of course, ultimately did. There was another, there was another sort of interesting thing just about, you know, like the thesis at the time, how big can this be? What is the market? What are the opportunities for? Really, really huge categories. A lot of founders, funds, investments, like Space X. It's like this massive category that's very, very hard, but if you crack it, it's going to be an entirely new market. Social media was certainly that as well. And so that made a lot of sense. Obviously they're in X now, they're in anthropic. Sequoia is also in all three. And the interesting thing is like, PT has given a number of talks where he's sort of been anti AI. You've, you see this whole thing about like, crypto is libertarian, AI is communist, and that AI is like a consolidating force. He's never been one to say like, oh, wow, the tools are so amazing. It's been a lot of like, is this just doing your homework for you? He's not putting out threads about using his Mac Mini. I don't even know if he has a Mac Mini. You should send John Palmer's piece to pt. Just flip it over and say, hey, I think you should read. I think you should read this. If you kind of understand this. You did invest in DeepMind, like, you know, more than a decade ago. Yeah, the DeepMind deal was, was, was wild. So Demis met PT at a party, I think, and instead of Pitching him on DeepMind, he said, let's play chess. And so they, they played chess and then Founders fund invested in DeepMind very early in. Do we know who won? I don't know, actually. That might be deep lore, I'm not sure. But DeepMind, the initial pitch was like this counter force to Google a little bit or like this, like, renegade group of AI. There's the same thesis over and over again. It's like, let's get the pure play going. And then it always gets tied in with a hyperscaler at some point. But Google acquired, beat them, join them DeepMind in 2014, January for 600 million. And Founders Fund owned more shares than. Than the. Than the co founders who had split up and then. And then all the employees because they had again developed like a very concentrated position. Okay, apparently, here's some of the lore. Knowing Teal was a chess player, Demis struck up a deep technical conversation about the relative strengths of the bishop versus the knight. So they were just talking about chess. They didn't actually play. Maybe really quickly. Let me tell you about Sentry. Sentry shows developers what's broken it helps them fix it fast. That's why a whole 150,000 organizations use it to keep their apps working. Yeah. Apparently the first investment was two and a half mil. You can't get deals like that anymore. Can't do anything with two and a half mil. It's a nightmare. It's a nightmare. Nightmare. Check size wasn't the initial Facebook check. Was it $100,000 or was it a million dollars? It was like, not a lot for 10% of Facebook or something like that. It was crazy. Yeah. Wild, wild times. But so, yeah, I mean, reading into this, does this say that the Founders Fund team thinks that there's like a divergence in the market, that there are actually two markets going on here? One in consumer AI advertising, knowledge retrieval, the other in code and developer tooling and codegen. And that anthropic has actually carved out a separate space. So they're less competitive than people think. Maybe they're just more competitive and it just makes sense to get into both. We'll have to talk about them once the deal closes and everyone's ready to chat. Tyler, do you have something to add about. I was going to say Scott Wu ran back that playbook. Right. Because he played, didn't he Challenge PT in chess and then Napoleon in poker? Wasn't that the thing? Yeah, yeah. And it was like, if I win, I get my terms. If you win, you get your terms. And we have some breaking news. What's the breaking news? Anthropic has Formally announced the round. Let's go. They said we've raised 30 billion. So they upsized it. 20 was. They are now at a 14 billion dollar run rate. Wow. With this figure growing over 10% annually in each of those past three years, we'll see if they got another 10x in them. Dylan Tell on the show last week felt fairly confident. Yeah, yeah. I mean, yeah, the, the big shift is that. Yeah. I mean the biggest update for me is that the forward deployed engineer thing is very real and even if the tools can build themselves, there's still so many blockers to actually rolling these out that you're going to need a lot of people inside these organizations who are actually playing with Mac Minis on the weekend and getting obsessed with these tools and then bring them into the enterprise because it's, it's very easy for a lot of people in Fortune 500 companies to just show up and do their job the way they always do it because no one gets fired for switching things up. But if you roll out some tool and it doesn't work the way you intended or it sucks about a bunch of your time even if you're just. I have eight hours of work to do in my traditional system. Where do you get the extra hours to automate your work? It takes time and that's where the Ford deployed engineers come in. So great gig for anyone who wants to go implement enterprise agentic workflows because that will be the theme. Let me tell you about phantom cash. Fund your wallet without exchanges or middlemen and spend with the phantom card. Let's pull up this chart. Andrew Kern over on X pulled it out. We can see Anthropic's run rate revenue growth. You can see here quite the pop from $0 in 2023 to 100 million in Jan of 2024 to a clean 1 billion in Jan 2025 and now sitting at 14 billion. This is acceleration. This is true. Are you feeling it yet? True acceleration. Are you feeling it? Dario sort of underplayed 2027, I guess. Or I guess he said that. He was like I don't think we have another 10x if they go to 100 billion. Well, he said like we've been 10xing. Yeah, you know, we'll see if we do it again. Yeah, like wink wink. But if they, if they hit 140 billion run rate by the end of the year, that would be insane. But strange times, strange times. You love this effect. I mean Tyler's been saying stuff along these lines for some time. So. Okta. Okta helps you assign every AI agent a trusted identity so you get the power of AI without the risk. Secure every agent. Secure any agent. We have a CEO of Optima coming. On the show, pumped for that. Back to the timeline. There are more. There are more. More. In anthropic, Nathan Lambert was quoting their announcement from yesterday saying, we're committing to covering electricity price increases from our data centers. This is anthropic. Oh, yes. To ensure ratepayers aren't picking up the tab will pay 100% of grid upgrade costs, work to bring new power online, and invest in systems to reduce grid strain. Makes so much sense. Yeah. Nathan saying that maybe this should have been their super bowl ad. Yeah. Yeah. It felt like. When you looked at. When you kind of look at clearly how much energy the industry put into the super bowl and what the net effect was for the average American, I don't think any. I don't think the average American came away from that, like, having more positive feelings towards AI. Yeah. If anything, they were like, I'm sick of this stuff. Yeah. Yeah. The meme was like, oh, beer ads, like, refreshing. Yeah, yeah. It would have been good to focus on this. Microsoft did this. What? A couple months ago, the News was on January 14th. So just one month ago, Microsoft announced that they were going to do this because there was a 267% wholesale electricity price near data centers, and local communities were starting to push back. Some $64 billion in projects faced delays or cancellation because of opposition. So it's pretty easy to say, hey, my electricity bill is going up. I don't want a data center in my county, in my city. And you call your city county representative and they say, I don't like the slop either. I see a bunch of junk that doesn't seem that valuable. Why do we need it here? It's not going to create that many jobs. It's not going to be that good for taxes, blah, blah, blah. And other companies that do this too. Google had their clean transition tariff and Amazon also pays a surplus above electricity costs already. But Microsoft was unique because they timed it and did a whole press cycle around their initiative and the volume was much, much higher. The other interesting fact from that previous report was the anti AI issue is remarkably bipartisan. Data Center Watch claims that 55% of Republicans and 45% Democrat in affected districts. So 55, 45. So it's not really like a red right issue or a left issue. Like, there's pushback on both sides. Like when the data center Comes in. It's not just. Oh, it's. It's all green flags in a Republican district. No. Both are pushing back. So. They'Re also going in on. On super PACs. Right. So anthropic is putting $20 million into a super PAC operation that is meant as a direct counter to the OpenAI super PAC operation. The midterms are a battleground between these two rival AI labs, says Teddy Schleffer at the New York Times. And so we're going to see some attack ads. It's like Sam and Dario are running for elections, and we're going to see some. Be the president of AI. Yeah. This person can't restore the economy. What do you think, Tyler? Yeah, but I mean, we just said that, like, overwhelmingly on both sides, there's, like, a lot of pushback. Right. So it's like, what are the actual differences between their approaches? Yeah, that is interesting. Maybe. I guess maybe Anthropic will be more, like, about the China chip issue. Yeah. It feels like they should be more in alliance than against each other. There's a crypto super pac. Yeah. It was, like, the big one. Yeah. There's no, like, big AI one right now. Yeah. Yeah. It would be weird if there was, like, a USDC super PAC and then a USDT super pac, and they were, like, fighting each other and just constantly surfacing bodies that are buried in the closets or skeletons in the closet. Because every time there's a successful attack on OpenAI. Yes. People might be like, oh, okay, I like Anthropic a little bit more. But most. Most people just come away being like, I don't like AI. Yeah. So if they're attacking each other, that could just be bad for both. Maybe. I don't know. But we'll see. We'll see what they run. We'll see what they. Ben over on X says if you were falsely accused of a crime and it went to trial, who would you prefer to listen to the arguments and give the verdict? And the options are a jury of your peers or Claude Opus 4.6. There's been 2,000 votes, and 63% of people prefer for Claude. Yes. Might be the audience here. Yeah. Yeah. A little biased. Ben does work at Orchid Health Engineering whole genome embryo screening, so I wouldn't be surprised if that's his audience. But I don't know. I don't know. I think the jury of your peers will be around for a very, very long time. I think that that will be something. I mean, they still have courtroom stenographers and we have. I think Vlad's gonna be around a long time too. Yeah. Okay. If you're thinking in centuries, maybe, but I mean, the courtroom sketch artist. We've had cameras for 100 years. Like the jury. I'm not saying that I think this will ever happen. Yeah. Yeah. Okay. But you'd prefer it. You would. Ideally. I mean, how many jurors will be sitting there being like, okay, Claude, how should I vote? I haven't really been paying attention. I've been playing Candy Crush. I've been playing. I've been vibe coding my optimal workflow on Cloudbot really quickly. Fin AI, the number one AI agent for customer service. If you want AI to handle your customer support, go to Fin. Will OpenAI or Anthropic IPO first? As of late last year, it was sitting at 75% of people on call. She thought that it would be OpenAI. Now it's flipped. It's flipped. Almost 70% of people think that Anthropic will get out the door. It is narrowing. It is narrowing. But I expect these to kind of fluctuate just with the headlines. It's all red meat for Michael Grimes. I got so many text messages about his move back and being like, it is the most bullish thing for late stage growth technologies that he's back at Morgan Stanley. Like you just like, if you had any doubt that there will be major, major blockbuster iPodS, it's Michael Grimes being back at. So very excited for that really quickly. Gusto. The unified platform for payroll, benefits and HR built to evolve with modern small and medium sized businesses. Taeha over on X says I turned on Meta AI's auto reply for Facebook Marketplace. I listed an item for $75 and when someone asked if it was available, the AI replied asking if they wanted it for free. It's elite. It's all just a bait tactic. So hold on. This is getting community note. Yeah, we got to dig in. It says Meta AI only suggest one reply. So this is a typo in here. Only suggests one reply for every message of the listing. Then you can say edit or say that this one is manually written by the user. So some fake news, but still funny. I mean, taeha's responding. TAEH learned you not trust community notes. This happened to me. No idea why the community note appeared. Meta AI only sends one message. I cannot edit it, but I can unsend it. Omar's catalog. Stop talking trash about it publicly and it might stop giving away your stuff. That's on you, buddy. That's on you Rocco's Basilisko's Basilisk what's up with Warner Brothers? Where did you find console.com first? Console builds AI agents that automate 70% of it, HR and finance support, giving employees instant resolution for access requests and. The situation intensified this week as Paramount CEO David Ellison and a vocal investor made new moves to thwart rival Netflix's planned takeover of the storied Hollywood asset. And the home of Batman, Harry Potter and the White Lotus. Paramount, the long rebuffed suitor for Warner Brothers discovery, enhanced its 77.9 billion all cash offer for the entire company Tuesday in an effort to bring Warner to the negotiating table and ultimately abandoned a seal with Netflix, also an all cash transaction valued at 75 billion. Cleveland investor Ancora holdings entered the fray by acquiring a small stake in Warner with an eye toward increasing its holdings and pressuring the company to negotiate with Paramount. I wonder if they're friends with the Ellisons. Interesting Paramount's gamble. Paramount is hoping its latest pitch can persuade Warner to ditch its agreement and sell its movie and TV studios and HBO Max streaming service to Netflix. Unlike Netflix, Paramount also intends to buy Warner Discovery's cable networks, which include cnn, TBS and Food Network. But Warner has so far shown little interest in engaging with Paramount, telling investors that Ellison's previous offer was not even comparable to the Netflix agreement. On Tuesday, Warner said its board will review Paramount's new offer, but it but isn't modifying its recommendation regarding its agreement with Netflix. The company advised shareholders to not take any action now regarding Paramount's amended tender offer. The bar for Warner to reopen talks with Paramount is very high given its contract with Netflix a massive termination fee. Paramount said it would pay the 2.8 billion give it up for multibillion dollar termination fees Warner would owe Netflix should the agreed to deal collapse and pay a ticking fee of 25 cents a share to Warner shareholders for each quarter its deal hasn't closed. Whoa, we got ticking fees, ticking time bomb. Some stakeholders are holding out for Paramount to further boost its bid. I'm not surprised given that they've repeatedly said with their offers this is not our best and final offer, analyst from Raymond James wrote in a note to clients that many Warner Discovery shareholders still expect Paramount and its backers to raise its $30 a share bid by $2 to $3 a share. So everyone is waiting around saying let's get those numbers up and remind me. Of how Paramount is doing right now. They have ufc, correct, and the experience watching UFC was a downgrade from pay per view but cheaper. What was the takeaway? Well, I mean, I don't think we can like give an analysis of Paramount as an entire business based on the experience was not as good as paying for the pay per view. And was that because you had to, you had to go through all the, you had to jump through all the hoops to sign up for Paramount plus and you weren't already a member? No, the viewing experience was different because it's now subscription and ad supported, whereas previously pay per view had ads, but not nearly as much. So the thing you're missing now watching is like in round commentary, walkouts, things that like hardcore fans really like. Is there less Joe Rogan commentary? Basically brutal. Brutal. Well, the markets are reacting. Paramount's down 7% today. That might be the good day. Of course, not just going on in the market. To this analysis of the UFC viewing experience. Yes, so, but no. The stock dip was apparently in reaction to the breakup fee. People being like, oh great, you're going to pay even more. Yeah. Let me tell you about Applov and profitable advertising made Easy with Axon AI. Get access to over 1 billion daily active users and grow your business today. So for now, Paramount's move Tuesday to sweeten its offer could push Netflix to increase its bid for Warner. Paramount needs to test Netflix's pain threshold without having to bid too high. The revised offer does exactly that without further constraining its balance sheet. For now, the ball is now with Netflix. Warner and Netflix are focusing on getting their deal approved by the Justice Department as well as regulatory authorities in Europe. As part of its investigation, the DOJ is looking into whether Netflix has engaged in anti competitive practices. Last week, President Trump reversed course and said in an interview with NBC News that he didn't think he should weigh in on the deal and would instead leave it to the Justice Department. I've decided I shouldn't be involved. The Justice Department will handle it. Trump said in the interview. He previously expressed concerns about the size and scale of a Netflix Warner combination, saying the combined company would command significant market share. But he's clearly been watching YouTube and he just says YouTube's too dominant. Too many watch hours on YouTube. It's fine, let it rip. That talking point probably worked on him. We'll see. Paramount said. That said we did in talking to Ashley. What was it on Tuesday? Ashley wasn't super excited about having basically one fewer buyer on the documentary side, but he said it was already so cooked that. He was blackpilling hard. If you want some white pills, our newsletter tbpn.com has a list of AI white pills you may have missed. There's a number of them, so go check them out. Digging through the archive, finding basically the vibes on the timeline have been miserable. Everyone's like, you know, fast takeoff, permanent underclass. Tyler Cosgrove is not black pilling. He thinks that we're in the fast takeoff. There's been a lot of white pills. A lot of white pills. Recursive biolabs. They hooked an AI agent up to a biolab. That is a wide open. Yes, no, I agree. I agree. But I understand that a lot of people might see it as a black belt. Erica over on X posted that Eileen Gu to join Benchmark as a senior associate when she returns from the Olympics. She photoshopped this. Of course, we did not put this out, but it's a good bit. Eileen competes for China in the Olympics even though she's a U.S. citizen and an American student. And an American student. Bill Gurley responded, I know a lot of. I know a lot of Americans do this. I have a buddy who was able to go play ping pong in the Olympics because he had dual citizenship or he wasn't even like a dual citizen. He just, like, his parents were from another country. So he was able to go beyond that team because a lot of the other teams are like, way less competitive. So it's like you wouldn't make the US Team, but you want to play anyway. So you go with the other country. But I think with Eileen, it's because the sponsorship dollars she can make by being a Chinese star. Oh, there's all these Chinese brands. I thought you couldn't. She's a global star. You can just get paid. You can get a bunch of it. Not. Not to compete in Olympics, but broader endorsement deal. Yeah. Yeah. You're on the Wheaties box. Getting. Getting a gold medal is like ubi. Yeah. Because you'll be able to do. You'll be turned into a labu. Potentially. Well, yeah. In this case. In this case, yeah. But Bill Gurley actually responded, what do you say? And said, I can't believe you actually found out about this. We were planning to keep it a secret, but he wrote it in Chinese. He's leaning in. He's leaning into the meme. Interesting turn. Post notifications on for when Delian responds. Gurley will be coming on the show. Yes. We're very excited when his new book launches. I have it over there. I don't know how embargoed it is, so I haven't been talking about it. Yet. So we're not gonna share it with you yet. We're very excited. But moving on. We should talk about Public. We should talk about Public. Public is investing for those who take it seriously. Stocks, options, bonds, crypto, treasuries and more with great customer service. We got to talk about amazing ad. That leaf over at Public put together all about teaching kids the power of compound interest. A very different positioning from many other platforms and it was all AI generated. He made it in like two seconds I guess, but it was like still emotional because the idea hit me because I'm a father. But yeah, it's good stuff. Anyway, we got to talk about Higgs Field. Yes, we've had the founder of Higgs Field on the show a couple times. They've been accused of rage bait basically. Yes, I think that's what's going on more than rage bait. But Rashi in Forbes has the daily cover story. Oh wow. All the racist videos and payment problems. The Dark side of this AI startup super fast growth influencer marketing has helped AI company Higsfield hit 300 million in annual in annual revenue run rate in just 11 months. But misleading marketing tactics and a social media strategy based on shock has led to backlash among creators. In late January, Tim Sorritt, a London based video game director, received a message on a social media site from the marketing team at Higsfield, a fast growing AI generation startup. This is the biggest moment in Higsfield history and we want you to to be a part of it, it read. The $1.3 billion startup whose tools are used by some 15 million creators and ad agencies to churn out four and a half million video clips every day, was about to launch a new tool called Vibe Motion, which uses AI models to convert text prompts into motion graphics. You like good vibes, you have motion. Use Vibe Motion. The offer of Sorat shared the startup social media post along with a video clip from pre assembled marketing materials. The company would pay him $200, but Zorit, who has spent years designing graphics both manually and with AI tools, could tell something was off. Videos Higsfield had shared with him lacked the visual quirks of AI. He's like this is simply too good. Interesting. And he quickly realized that some clips in the media kit weren't generated with AI at all. I said this was a huge alpha in just taking a cinema camera, filming yourself and being like this is AI generated and I'm raising it's fraud. But alpha, that's not alpha. Don't do it, don't do it. But there was a moment, I mean this happens a lot with OpenAI stuff where people will see a video and they'll be like, wow, they definitely have a new model. And it's like they also have a production budget. They can just hire actors. Well, so when Sam Blonde launched Monaco yesterday, was his video AI? Because it looked. It was 5050 for me. Yeah, there's definitely. I think you would just rip a direct account. Oh, I know you obviously could, but clearly the models are good enough where you could. And it's kind of a funny thing if you're launching an AI company to show why not. I made this with AI. Is that good? Good enough. Anyways, so they get this guy gets a media kit, says hey, can you share some of these outputs? But he found out and said they were video templates that appear to have been lifted from a stock site in Vato. And when it pasted its own logos, while Sort didn't share the videos, others did, circulating the stock video templates on X to promote Higsfield. Wow, all this hype is fake and it's bought. Sora told Forbes. Bixfield's co founder and chief strategy officer Mahi told Forbes the media kit was created by an employee in the startup's marketing team for ideation purposes and was inadvertently shared with creators, saying the company's processes went haywire. With its library of 400 presets of camera motions and visual effects, SF based Higgs field offers an easy way for creators and advertisers to produce cinematic short videos through text based prompts. You guys already know this, mahi says. We fully admit that we pushed the envelope. We learned from what works on platforms like X, and very explicitly it's more controversial content that gets attention. So that's translated into hockey stick revenue growth. Last month, the startup claimed it doubled its annualized revenue to 200 million in just two weeks, driven largely by subscriptions from its 300,000 paying users. By early February, its annual run rate crossed 300 million. CEO Alex told Forbes that he hopes to reach 1 billion by the end of the year. After raising 80 million from firms like Excel and Menlo in mid January, the startup is now in talks to raise funding again. But that rapid growth appears to be driven by aggressive, shocking and sometimes misleading marketing tactics. Anyways, they're moving very quickly. It was interesting when we asked Alex about his margins, he seemed kind of, he gave kind of a concerning response. He immediately was like, yeah, well, when. You'Re reselling a model, you are at risk there at the Same time with a different business model, with a different customer acquisition flow. It's possible to have good margins on top of models if it's deeply embedded. But I've actually been getting served a whole bunch of Higgs Field, spawncon or like how to videos that are amazing. A lot of them are testaments to the power of the underlying models. Like nanobanana. I saw there's this cool video where this creator was talking about how hard it is to film yourself. Like, let's say you want to do one of those cool, like I'm locked in videos, which I really enjoy. And you want the camera to be here getting a profile shot of you and then flip around, go behind you, over your shoulder, then spin around, show your face, then go inside the keyboard. That can be a really, really hard shot to get. You might need like a automated camera or robot. Like you need a Kuka robot arm to do that move. MKBHD has one, but they're very, very expensive. Hundreds of thousands of dollars. Not every creator can afford one. And so he was basically showing this workflow where he will film himself on a tripod here. Move the tripod, move the tripod, move the tripod and then put in the start and end frames into nanobananapro and then it interpolates those and does the sweeping move. And because it's all in motion, there's motion blur and it has two reference frames of like Jordy's side and then Jordi's back. It actually looks perfect and it doesn't need to come up with as much imagination. So it delivers really well. And a lot of those have been sort of those like little like fun, like tools or like workflows have been promoted by influencers and they'll say like comment and I'll send you the prompts or I'll send you the workflow or I'll break it down or I have a course or something like that info products on top of these things. And I haven't really jumped in, but I've seen those and been like, I would love to make that video of me or my dog or whatever, my car. It's a fun thing and for the right person that's going to actually work as a marketing ad or work as content for them really quick. Let me tell you about 11 labs. Build intelligent real time conversational agents. Reimagine human technology interaction with 11 labs. Also, I got to tell you about 11 reader because I used it this morning in the car to read or dictate the will menaitis essay and I really enjoyed it. So shout out 11 reader. Can it do Will's voice yet? No, we should get Will to license his voice. We really should. Well, the author, I had the option. To pick a few different voices. You can clone your own voice, but you can't clone someone else's yet because it makes you read like certain text. So the iconic voice collection, it serves to you and says, do you want to do Michael Caine, who's a British icon? Burt Reynolds, the masculine iconic storyteller. Richard Feynman, Raw genius. Sir Laurence Olivier and Dr. Maya Angelou. And I picked Burt Reynolds, the masculine iconic storyteller. So he led me here's maybe where Higgs Field kind of crossed the line. Apparently they shared. They were sharing a Google Drive folder with creators that had popular children's characters like Shrek, Moana and Mickey Mouse saying things that are on the show but sound a little, a little racist and then non consensual deepfakes of public figures like Sydney Sweeney and Zendaya and President Trump. So yeah, the challenge here is like companies like Hitfilm, Higsfield are competing with these Chinese open source models that have no rules. They'll generate whatever you want. And clearly there's an insane amount of demand for video models that have no rules, of course. And so this isn't surprising, even though it's wrong. Yeah, it's. I mean, it goes Back to the BitTorrent Napster analogy where like the demand for things that just can't be done legally is really, really high and you have to, you can't view that as a business opportunity because of course you'll see really, really high demand for completely free music if you're not paying anything. Right. You'll see really high demand for generate Mickey Mouse character. The question is, the business question is can you actually do the deal, license it, make sure all the stakeholders and all the legal parties are represented and happy with the deal and everyone's paying. If you're just throwing out free IP violation, you're going to see huge demand, but it's probably unsustainable. Yeah. So they did launch a program called Higsfield Earn, which was basically like a clipping thing. You could make stuff, share it, depending on how much engagement it got. You earned some money that led to them getting banned from X for their account shut down. Whoa, I didn't realize that. So, yeah, we'll see how this nets out. Alex, I'm sure will, I would hope, would adjust course. Yeah, he is. They're clearly very talented at A lot of things, but it sounds like they've been blurring the line. I mean, for what it's worth, I still think that I don't know how fast you would get steamrolled by the labs, but I do think that there's an interesting opportunity right now for like little bit of what Capcut's doing. Plus nanobanana Sora stuff where you have a lot of video generation but then you also have the ability to lay over just actual text, actual motion graphics. And if you pair up some of the more deterministic tools, like basically tool use, like how, how ChatGPT can also do a math problem in python and be 100% accurate. You could imagine if you, if you want to just draw a rectangle on top of the video that you've generated or make it black and white, that's something that doesn't require a generative AI model. You can just call a tool that has the same functionality as Premiere Pro and then it'll just do that. But you have to actually wire all that up, make it all work together and maybe that's where this goes and then I don't really know how defensible that is, but we'll see. Yeah, I was just gonna say like, I mean you're kind of just describing like a wrapper, right? Yeah. At least in the text field, like it seems like rappers, at least of late, like have not been. Yeah. You know, people are much less bullish on rappers now than they were like a year and a half ago. Yeah, especially the huge problem. I don't know. Sdkid. Pretty good. Yeah, I like that. Let me tell you about Lambda Lambda is the super intelligence cloud building AI supercomputers for training and inference at scale from one GPU to hundreds of thousands. The other really hard thing about the video wrapper, the video app, is that many, many video producers, they start fresh every day. When we edit Diet TVPN, our 30 minute cut down of the show, the project is started from basically a clean slate. And so actually shifting from one software to another is really, really easy. I mean you still, to learn the new tool, it has to be better, it has to have all the features. But it's not like, okay, well there's all these networks of documents, there's a system of record, it's different. If you're editing a movie over two years, you're probably not going to switch tools mid movie. But if you're a shorts editor, you can switch from Capcut to Instagram edits like their video edit editing tool really quickly. You can go over to After Effects or Premiere and you can just be like, for this video, we're using this. This happens to us all the time. Like we'll have a video editor on the team who's like, oh yeah, they use DaVinci Resolve and it's like, it doesn't even matter to us because it's like, oh yeah, they just use that and then they plug in and then they deliver a video file. At the end they render it out. Anyway. One more thing on Higgs Field, I would expect that Disney comes after them too. They're generating Disney characters right now. Disney invested a billion dollars into OpenAI as part of this licensing deal. One year exclusive. There's they. I would expect that pressure to come soon. Let's move over to Bill Ackman, but first let me tell you about Shopify. Shopify is the e commerce platform that grows with your business and lets you sell in seconds online, in store, on mobile, on social, on marketplaces. And now with AI agents, Bill Ackman. Makes a big bet on Meta Pershing Square disclosed roughly $2 billion position in Meta Hedge Fund manager Bill Ackman likes Mark Zuckerberg's chances in AI. Pershing Square revealed the stake at an annual meeting of one of its fund on Wednesday. The position amounted to 10% of the firm's capital at the end of 2025, or roughly 2 billion based on past disclosures. Meta shares are down about 13% over the past six months, a decline that Pershing Square attributes to investor concerns about the sums the company is spending on AI Capex. Pershing's thesis revolves in part around AI boosting Meta's content recommendation and personalized ads and potentially unlocking new opportunities and wearables or AI digital assistants for businesses. Ben Thompson Keep reading. I'm going to pull up Meta's business. Model is one of the clearest beneficiaries of AI integration, Pershing Square said in its presentation. Ackman tends to concentrate his stock portfolio in a small number of high conviction bets. He only had 13 different positions at the end of 2025, including other big tech companies, Alphabet and Amazon. What did you say? You disliked me for real? You co tweeted this, right? Yeah, there's a. I mean I didn't like really add anything. I just posted a Jeremy Giffon, you. Created this post and you photoshopped Jeremy's name on there because it was your idea. It came from you. What did Jeremy say? I just want to give him credit. He said the Idea that it's hard to beat the market is mostly trotted out by money managers. What they really mean is that it's hard to do when you manage other people's money because it's difficult to get paid for doing the obvious thing. I think it's substantially easier than most people think for the person solely running their own cash. So ackman is charging 2 and 20 to own the Mag 7. You love to see it, but a lot of people don't have diamond hands. He will diamond hands for you by holding Alphabet, Amazon and Meta, apparently. Let me tell you about Railway. Railway is the all in one intelligent cloud provider. Use your favorite agent to deploy web apps, servers, databases and more. While Railway takes automatically takes care of scaling, speaking security. Speaking of meta, Ray Ban maker Luxottica says it more than tripled Meta AI glasses sales in 2025. Take off. The French Italian eyewear brand said it sold over 7 million AI glasses last year, up from 2 million that the company sold in 2023 and 2024 combined. Wait, so, so sorry, say that number again. How many did they sell last year? 7 million devices last year. I think I'm starting to see them. I mean Ashlee Vance came on the show and was wearing them for fun, but also for good content. He's gonna actually include that content in the stuff that he makes. It's a video makers tool, so it's a prosumer tool. He of course had a whole bunch of other nice cameras here, but that is another tool that you can't really replace. He doesn't want a GoPro strapped to his head. That doesn't make any sense. Then you have the extreme sports. I'm going skiing in a couple weeks with a bunch of friends. I'm sure I'll see couple a, a pair of the vanguards out there on the slopes. And then you just have the funny people on Instagram reels saying, computer, give this guy a great day. That comedy is great. Did you see that? That guy ran into another creator that was doing this yelling at him. Yeah, yeah, computer, computer, give this guy a bust down. Ap. Something like that. It was just like very, very funny. And every time I see one on a truly viral Instagram reel, I'm like, okay, there's something here that, that's unlocking a different form of video. Not unlike when we saw the first GoPro go out and we started seeing truly crazy first person video of surfing, which was just impossible. Or like I made. I would go surfing. Speaking of surfing, I went surfing with Rocco Basilisco, Rocco's Basilisk, the Luxottica exec and Air led the project with Meta. He took out a new pair of the Oakleys and we did lose them briefly, but we recovered them. They need Meta Croquis, right? Isn't that what they're called? Didn't have Croakies. Yeah, you need the Meta Croakies. Let's get on that, Zuck. But anyways, Bloomberg reported that Meta and Luxottica were discussing doubling production to at least 20 million by the end of this year to meet growing demand. So I think they're gonna be. They're selling. They're selling. Yeah. Give them credit. Give. Give Zuck some credit. And again, I saw somebody had effectively jailbroken their Meta Ray Bans and they hooked it up to a Mac Mini and they were buying stuff. I've talked about this at least once on the show, but again, there's. That's funny to watch somebody jailbreak a device to do something that the device will obviously do, like in the relative near term. That's like the part of the entire thesis behind the device. But. Yeah. Well, I mean, I don't know. Will it actually tell you when you get an imessage in the next three years? Is that coming? I don't know. It might not. Those walled gardens might hold for a while. Do you think the Meta Ray Bans will outsell sunglasses broadly? Or is the TAM sunglass buyers? Everyone has one pair of sunglasses, so you sell one pair of these to all the people, or is it. And some people just don't like sunglasses so they don't wear them, or are they like TAM expanding in some way? They've got to be. That's a good question. Yeah. And I will give you assume the next version beyond that is like truly indistinguishable. Yeah. So my framework has been that the immediate market of people, over a billion people that just wear glasses daily so that they can read, feels extremely in reach. Right. Because you're wearing this all day long. Why not add some functionality to it? Totally. Certainly there'll be some Luddites that just want the analog magic of just a pair of plastic with some glasses in it. But. But then, yeah, I don't know. I've never. It's funny, I love the way sunglasses look, but I've never been a sunglasses guy. I just don't really. I don't. I rarely, rarely wear them. I still once or twice a year will buy a pair because they look cool. And then I don't actually end up wearing them. I like sunglasses when it's bright out. I just like the functionality of them. But I do lose them constantly, so. Oh, you're one of those guys. Yeah, I'm a sunglass loser. But the question is like if you comp to the Apple watch, it feels like more people are wearing watches than before the Apple watch. Because watches were sort of like a niche. You had to be into watches to wear one because everyone had the phone in their pocket and they were like, why do I need a watch? And then once the Apple watch came out, a lot of people were like, well, I want a super watch on my wrist. I want a computer on my wrist. I want the iPhone computer. Bust down Apple watch. I think we're onto something. They're doing orange, they're doing Hermes orange. They're selling very well in China. The bust down, they did the gold, it was $10,000. Do you remember this? And it flops, right? The Apple watch edition, it was $10,000 gold plated, solid gold, something like that. I don't know if it flopped. They did discontinue it, but it getting. Roasted in the chat. I like sunglasses when it's brighter. Jordy doesn't like sunglasses when it's brighter. That's a hot take. That's a bold statement, heavy hitting analysis. But I like the idea of the bust down Apple Watch. Get it at 100k? The problem with the gold Apple watch was that you buy this thing for $10,000 and it immediately loses all its value because it doesn't even run the latest software and it just stops working after like five years, which is ridiculous. Like if you buy. If you're spending $10,000 on a watch, you want it to be useful in 100 years. Years. You want it to be around for a long time. But should we read through Jeremy's actual response? Oh, did he post again? Because I read his. Oh, oh, okay. So he did talk about this really quickly. Label Box, RL environments, Voice robotics, evals and expert human data. Label Box is the data factory behind the world's leading AI teams. And yes, Jeremy says responding to Ackman charging 2 and 20 to own the Mag 7. He owns Google, Amazon and Meta. He he says this is good capital allocation, but it requires permanent capital. People don't actually want the best returns. They want to feel clever and do some like weird little thing that makes them feel interesting or different or something. But sometimes you just got to do the obvious thing and just be really strong on it. I always admire those managers who have been paid 2 and 20 for, like, 40 years to just own Berkshire. It's awesome because they were right, but they were. And they were providing a service. The service is that the LP does not have the personal confidence to own Berkshire on their own. So they actually need to pay a huge premium for someone else to give them the confidence to own Berkshire. It's just a tax that they pay for not having the conviction to do it themselves. And I think that that's great and solves a real problem for a lot of people. I love it. Well said. Let me tell you about CrowdStrike. Your business is AI. Their business is securing it. CrowdStrike secures AI and stops breaches. We got one more post before we bring in our first guest. We can pull this up. People are reacting to the men's luge doubles. They're saying it's one of the most baffling things I've ever watched. And national champion speaker says, how do you find out you're good at this? What's the conversation look like? I really want to know. I didn't know this doubles. I guess I may have seen this before. I remember as a kid watching singles. But this is baffling. There's also something called scout. Like, what are you. What do you. I think it's an evolution. I think it starts with, like, a toboggan, and you have, like, a bunch of people essentially in, like, a rowboat, you know, in like a long. Like, if you're doing crew, you have like four or five people, and then you're just like, let's do one less, let's do one less. Let's optimize and reduce weight. And then they're finally down to just two people, and they're basically just on this, like, sled together. And, yeah, I guess you get here, but very, very funny. What else is going on in the Olympics? Personal injury attorney in his 50s is on the cusp of becoming the oldest American Winter Olympian in history. All he needs is for one of his teammates to slip and fall. This guy is elite. Remember the last Olympics where there was that great meme that came out where it was like, the one person with, like, all the gear and all this other stuff, and then the random guy, I think, from Turkey who just showed up and was just like. And just like, was. I think he won the gold or something. I don't know. That might have been too poetic. But modest proposals. It's an incredible feel like being a personal injury attorney is probably a great gig if you're in one of these kind of fringe Olympic sports, you know, you want to have some flexibility in your schedule. You want to be able to make enough to reinvest into the sport. This guy's clearly locked in. This guy is amazing. Okay, so Rich ruhonen is a 54 year old personal injury attorney who plays an indispensable role for the US Curling team. He cooks the players omelets before important matches and grills steaks after huge wins. He handles the early morning grocery shopping so they can sleep in. What a team player. He chauffeurs them around in a rental minivan. He even pays for some of their flights and hotel rooms. But those aren't his only jobs. He is also the most unlikely curler at the Milan Cortina Games, where he could become the oldest American athlete in Winter Olympics history. And just in case people don't believe that someone nearing retirement age could possibly be an Olympic athlete, Ruhonen answers the question on a homemade T shirt. I'm not the dad and I'm not the coach, he says. But he is an American curling legend. Ruhonen first appeared in the national champion tournament in 1998. He's been doing it for overnight 20 years, maybe won it a decade later, and has been a fixture in the sport since long before any of his teammates were born. What he had never done was curl under the sport's brightest lights. Rohonen just missed qualifying for the Olympics several times. His most recent heartbreak came before the 2020 Olympic Games when the US trials mixed in doubles. 2022. 2022. Sorry. When the US trials mixed in mixed doubles came down to the last shot, Rohonen decided to focus on his law practice in the senior circuit. At 50, he finally gave up on his Olympic aspirations. I honestly thought it was over four years ago, he said. Well, I probably thought it was over eight years before that. Then he got an unexpected call. He's back. The captain for one of the nation's up and coming teams was battling a rare autoimmune disease and needed a substitute. On paper, the Gen Xer wasn't the most natural fit. The other curlers were all in their mid-20s, roughly the same age as Ronan's children. He even has a few decades on Team USA's coach. Few decades, but on ice, he blended right in. So when skip Danny Casper recovered from his illness in return, Rohonen stuck around as the alternate team. Casper then qualified for the Olympics and became Team usa. Rohonen says throwing the rock at the Olympics would be the single greatest moment of his entire life. Rock. My kids know it and my wife knows it. I'm going to start using. I'm going to, I'm going to, I'm going to put on curling at home and just start using some of the hardcore terminology. Yeah, just be like, ah, I can't, I can't that. You know, that happened a couple decades ago because on cnbc, which all the hedge funds watch after the market closed, they would just roll over to NBC coverage when the two, when the two companies were together and they would show curling just because of the time change. That's what was on. And so all these Wall street guys became obsessed with curling, got really into it, started placing bets and stuff. It's a fun story. Yeah. I wonder how big is the gambling and sports betting around the Olympics? I don't know. I saw some numbers for the Super Bowl. It was really, really big. But you have to imagine that the Olympics is also huge. While you look that up, let me tell you about Turbo Puffer. Serverless vector in full text search built from first principles and object storage. Fast 10x cheaper and extremely scalable. And our next guest is here so we can, can come back to Olympics coverage after. But let's bring in Brian Johnson to the TVPN ultradome. I will tell you about Vibe co while he walks in where DTC companies, B2B startups and AI companies advertise on streaming TV, pick channels, target audiences and measure sales just like on Meta. And you might be doing some advertising soon because there's a huge launch. How are you doing? Hey, I brought you guys a gift. Thank you. What'd you bring? Are we doing shots? We're doing shots. Amazing. Here we go. Amazing. Yeah. Okay. Have you done a shot of olive oil? I haven't take out our done. I've never done a shot of olive oil. What are the benefits? Break it down. Why would I do this? I like olive oil on a steak. Yeah, I mean, have you. Is olive oil a part of your life? Only in the cooking context. Yeah, but I should just be drinking it. Nothing shots yet? No. What? Yeah. What are the benefits? And what is this? Did you grow the olives? Is it cold pressed? Just this much. Should we not. Should we not do a little bit more? No, no, no, no, no. This is live TV. 15 milliliters. This is live TV. Yeah, this is the precise still. 15 milliliters. 15 milliliters. One tablespoon. Okay. What's this gonna do for you? It's the. I think it's the superfood. Of superfoods. Okay, it does. I mean, just like you look down the list of things. It does. Okay. It's just good for almost everything. Okay. So is it high calorie? How many calories? 120. 130 calories in this. Okay. Calories don't scare you, though? No, I mean, it's 15% of my daily caloric intake. I consume more olive oil than any food. Ye. Like shots. Is that roughly. So 45. So three tablespoons a day. 45 milliliters. Three shots a day. Okay, so one with every meal? One with every meal. Okay. Well, cheers. Cheers. To Brian Johnson. Blueprint. Cheers. Down the hatch. Delicious. That is good. Smooth. Very smooth. No problem. I could do that. No, bite. A little bit of bite. And so I just drank 15 milliliters of olive oil. And I'm going to live forever now, right? Basically. So now I can go back to diet. One shot it. And nicotine. One shot it. Steaks, right? Yeah. Do you feel the sting now? A little bit. I do. I do. Like a little cough bubbling up. Yeah, yeah. Perfect for broadcasting. Yeah, yeah, that's. It's a good sign of a good olive oil. So we source this in both hemispheres so it's always fresh. Okay. So it comes off. Yeah, yeah, yeah. Where? Yeah, Where? More specifically, this one. Some chili. Chili. And the brand is called snake oil. That's right. Funny. How does this fit into the overall.

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