NEWSMAX

Yeah. So you get super spoiled living here. You get super spoiled living here. And you know, one thing I've come to realize is if you don't know the person growing your food, they don't have a lot of incentive to do the right thing for you. Yeah. You know, it's just people sell food based on price and if I have a lemon that's coated in pesticides and a lemon that's not coated in pesticides, you can't tell that by looking at it. And this one's cheaper. The one coated in pesticides is cheaper because they have less, you know, less, less rot. So you buy the cheaper one and the person who's doing the right thing doesn't get rewarded for it. So there's just this horrible incentive in these supply chains to cut corners and do stuff that is horrifying. What did you learn about the organic, the just organic as a certification and the issues that we have.

Now a few people can sort of get something off the ground. Are you actually seeing any movement towards that, do you think? I think that's definitely a thing. And it's actually one of the things that makes working at a place like every really appealing. Because if you're someone who wants to make software, everybody else can make software now. So having some sort of distribution and trusted brand makes a lot more sense than it used to. I think that I'm very bullish on people, like a person or a small group of people making software for a niche. I think that's totally happening. But I'm very. I think the, the, the SaaS apocalypse is like totally overblown. 99% of people are not going to be vibe coding their own apps. They might do it once, but actually maintaining software is really, really hard. And it's a particular skill set that most people don't want to have. And I would be buying SAS stocks because I actually, you know, if you look at every we buy, we can vibe code whatever we want. To violation it is a narrative violation. Yeah. The only thing I think, the only thing I think about.

Yeah, I think this all changes and the lines between those terms are all going to change because they're all relative to the capabilities of technology. And that's all changing too. But I can tell you that what we find internally at every and again, we're one of those places if you at someone in Slack, it's like toss up whether or not it's a bot and everyone's using codecs and claude code to do all their work every day in the engineering org for writing, for editing, for design, all that kind of stuff. And I can tell you that every agent needs a human. The further away an agent is from a human who's managing it, the worse it does. And you see this too, even in the scaled AI companies like inside of OpenAI or inside of Anthropic, they do have company wide bots that you can at, but they're run by teams of people. And I think that that's actually of really interesting and pretty stable phenomena based on how these agents work. Obviously they do more and more complex work. But what we see is that someone on our team, Kieran Klassen, calls it the human sandwich is AI collapses tasks that used to take hours into a few minutes, but the human is still the sandwich on either end or the bookend on either end who's framing the task or evaluating it when it's done. And what's really interesting is even though it can do expert, even though AI can do expert human work, my experience internally at every and I think you find this across the AI industry, is it actually even though AI can do expert human work, it actually increases the demand for human experts. Because what happens is you can get expert human work out of an AI. You can get pretty good writing or pretty good images or pretty good code, but it's all based on yesterday's competence. It's all based on what is in the training data from yesterday. What that does is it floods the market with PRs or images or writing that's kind of good but not quite right for the situation. And what you need are human experts to come in and take the cheap competence that AI enables anyone to have and turn it into actual really, really good, valuable, differentiated work. Because otherwise it's just the same thing as everybody else is doing and it's not valuable. And I think that's a dynamic inside of how the models work and how they function in the economy that is kind of lost when people are worried about oh yeah, I can do all this great stuff. It can. And in order for that grain stuff to be valuable. It needs to be done by a human. That makes a lot. What do you think about the.

Like, we are. It seems like there's more human work to do than ever. Why is that? So I did a bunch of work. And the other thing is, Ken, Ken Griffin, in the quote you pulled earlier from, in that talk, he was saying, my software engineers are more efficient than ever, but there's no limit to how much software we need to build or that we want to build. And so you. He's not sitting there being like, okay, a lot of this work is automated. We can become a lot more efficient here and reduce headcount. He's saying, great, we can do a lot more as a team. And I think that's universally what companies that have momentum are saying. It's the companies that don't have meaningful momentum or don't have clear narratives that are having to do these layoffs. And again, there's still, you know, there's still a lot of the. There's just still a lot of blaming, you know, sort of like crediting AI for layoffs that would have needed to happen even if we weren't in this technology cycle. Yeah, it's interesting because it's very popular now to say AI in the layoff announcement, but it's also very popular to say, and our business is better than it's ever been. What do you guys think about that? I just feel like that's such a weird strategy or weird meme to be going around. Well, I think. I think they're saying, you can say our business is better than it's ever been, but that doesn't mean it's being valued better than it ever has. Right. Like, you can say, like, better than it's ever been. What does that mean? Revenue's up. Right. But the example that I know you're thinking of, I can't imagine that that company is trading anywhere near it was trading, you know, to a year ago, two years ago. And so when you have a massive correction in the sort of valuation of your company, like you're going to try to make moves to change that or free up resources to invest in new. In new product areas and get that momentum again. So I would say, like, when I see the businesses bigger than it's ever been or better than it's ever been, I just don't necessarily. I don't necessarily buy that because you have to understand, like, what. What metric are they using to sort of, like, qualify that. Yeah, I think that that's a reasonable frame.

In what is possible because it has access to all that stuff, which includes memories. And one of the things I'm trying to do with this piece is to say as a company, we've automated everything that we can. Every single person has access to an agent, they have access to as many tokens as they possibly can use. And yet we've grown from four to almost 30 people since GPT 3. So what the fuck is that about? It's very counter to the narrative, I think, especially the popular narrative right now with Meta's laying people off and Block is laying people off and the ClickUp guy is like, I'm going to fire everyone. It's only going to be 100x employees. So there's. I think there's a really interesting question here about if you're actually on the frontier like we are, it seems like there's more human work to do than ever. Why is that? So I did a bunch of work. And the other thing is Ken Griffin, in the quote you pulled earlier from in that talk.

And we'll go through this one on the World's Fair right now. So among the groundbreaking innovations unveiled at US hosted exhibitions were the telephone, the Ferris wheel and electric lighting. Ferris really crushed it on the naming thing. Alexander Graham Bell invented the telephone, Thomas Edison invented lighting. Mostly those guys did not bake their name into the product nearly as well as Ferris cause it's capital F. And I believe Ferris is the one who invented the Ferris wheel. Anyway, before splashy Silicon Valley product launches and the annual Consumer Electronics show, the world showcased its latest in innovations at high profile World's Fairs. These exhibits, held every few years beginning in London in 1851, gave countries a public platform to showcase new technologies, products and ideas that were going to reshape daily life. For host countries and cities. The World's Fairs or expositions were an opportunity to own the World's Fairs. So Tyler is sharing project. The person that invented the Ferris wheels full name was George Washington Gale Ferris Jr. That's pretty elite. George Washington. There's nothing stopping you from naming your child George Washington and then just slapping your your own last name at the end. Yes, yes. I mean my George Washington Cosgrove. My John Tyler was the 10th president. Oh true. Yeah, there you go. It's my name. There we go.

Tongs. SpaceX said in its filing that it foresees 28.5 trillion. Yes, trillion in market opportunities, including data centers in space. Is anything more bullish than the future just being enterprise software like you paint this massive picture. We're going to Mars. How are we going to make Money? Enterprise software? 22 trillion of enterprise software. We're going to be automating workflows for the enterprise, I guess forever. Mr. Musk in January was awarded 1 billion performance based restricted shares that will vast if his company, quote, establishes a permanent human colony on Mars with at least 1 million inhabitants. Do robots count as inhabitants? Do agents count? Isn't that one human colony one of the potential? You got to get a million. This is why he's. Wasn't there a list of like five or six things and he just has to do like four? I don't know. I haven't dug into that particular one. I know. For Tesla there were a whole bunch of different milestones though. Humanoid robots was one of the stretch goals. But permanent human colony on Mars with at least 1 million inhabitants, that's exciting. That's a good goal. That feels, I don't know, like a whole lot of enterprise software and a million people living on Mars. That's a vision I can get behind. I'm into that. I like it. Anyway, we have Matt Grimm from Anduril, the co founder and.

Micron just wow. Anyway, America's going through a mini this is such a funny article by the Wall Street Journal. America's America. America's IPO Mini boom. How is this a mini boom? You got three of the Is this not a gigaboom? This is a gigaboom. So I don't know if we have truth on this, but it also made it to the front page of the walls of the Financial times. They said SpaceX, OpenAI and anthropic IPOs set to ignite Wall street trading frenzy NASDAQ passive investors could dump rival stocks Trillionaire prospect for Musk the blockbuster listings of SpaceX, Anthropic and OpenAI are set to prompt an unprecedented wave of buying and selling as new fast entry rules thrust the tech stocks straight into Wall street indices. The rules implemented this month by Nasdaq mean billions of dollars of passive money will automatically flow to the three companies when they go public, driving their share prices higher and forcing investors to sell rival stocks. Elon Musk SpaceX initial public offering next month is expected to be the largest on record, firing the starting gun on what US bankers will hope Hope will be a blockbuster year. With OpenAI filing its IPO paperwork as soon as this week and Anthropic planning to float its shares too as well. The trio is set to raise tens of billions of dollars at a time of relentless investor appetite for companies linked to AI SpaceX. The SpaceX listing will cement Musk's control of two of America's most valuable companies SpaceX and Tesla. It is. It is crazy. We're going to need a new term for the Mag 7 because Tesla has been in the Mag 7. It's been north of $1 trillion for a long time. But SpaceX is going to go out at a higher valuation. Almost certainly. Where is Tesla trading at today in terms of market cap? It's at 1.34. Hard to imagine SpaceX trading below that. So you're going to have his Mag 7 company will be lagging his non Mag 7 company. We're going to need new terms. We're going to need a bigger boat. But why did. Why did the Wall Street Journal call this a mini boom? I think it's just because it's so concentrated on these three companies. But we will dig in and see where it goes. So too bad SpaceX and others didn't go public sooner. Agree. But they are a tribute to the US capitalist system. Says the Wall Street Journal. Today's AI in.

There people are definitely like, is there anyone who. Is there anyone who says, like, no, no, no, actually, like, like, nuclear weapons are super important, but they shouldn't be regulated by the government. Because I don't like the government. I would rather, my favorite megacorp owns them, controls them. Some people, I don't think there's. I mean, if you look at the popularity, if you look at the. If you look at the approval rates for different organizations, there are plenty of companies that are polling above the US Government. Like, people love Disney. Disney adults say, give Disney a nuclear weapon. They already have the rights to build a nuclear power plant. You know this. I did not. Disney World has, like, you know, legacy rights because when they set up epcot, which is an acronym which I should look up because what does it stand for? It stands for something really cool. This also bridges into one of our. One of our future segments stands for. What does EPCOT stand for? Experimental Prototype. Community of Tomorrow. The idea was to build an entire city. It was the praxis of the. Of its time. Yeah. And so in 1966, Walt Disney conceived it in 1966 as a utopian, fully functioning city. And I believe this might just be viral clickbait. But I've heard it said many, many times that they have the permission to build a nuclear reactor to power the. The city of the community of tomorrow. Epcot. Yeah. And so I don't know, maybe. Maybe there's some folks out there that say we can't trust the government, we can't trust the Democrats, we can't trust the Republicans with the nuclear weapons. Give them to Disney. I don't know. I trust Bob with the new. I would trust Bob, the new guy. We got to meet him. We got to get to know him. That's right. Bob. Bob. He can. Yeah, I trust him. I trust his hand on the button. Anyway.