NEWSMAX

Didn't love it in the chat. I don't know what the reviews are. We'll have to talk about. I don't know. In general, there's been a lot of excitement, a lot of people saying like, hey, I could use this as a daily. And all the lab leaders have said open source is like six months behind. And so now we're like approaching six months past like the last jump in paradigm and like massive cyber capabilities. So those cyber capabilities are coming to fruition. In the open source world. There's an interesting dynamic between the risk of like bio stuff and cyber stuff. So if you have a model that can hack a system, it can usually patch that system for that hack in far less than six months, like probably in like an hour. You can see, oh, there's an exploit here and we ship the code, merged it in and now that exploit is closed. And so the gap between like finding like you create the Hack Machine 9000, it can hack everything, but instead you use it for legal reasons, for economic reasons, to patch all the systems. That's great. The problem that I'm worried about now is if there is a world where building the counter, building the counter, like the good version of something takes longer than six months. So the example I'll give is in bio. So let's say that you have a next generation model.

For my kid, I gambled it away. Right. If there's no money, it's just a different conversation. I think you do need to put it in a different bucket. Yeah. The other thing is Kalshee was reported as doing like, over $2 billion of annualized revenue. They're growing very quickly. I expect them to be well beyond that. Yeah. Like, if Zuck came in and he got 100% of the sort of, like, online. Yeah. Gaming market, it could, like, maybe move the needle a little bit on. But, but, but, you know, this isn't like a winner take all market. Right. A lot of people, like, even all the apps are available, they still use their, like, you know, some, some friend that has a sports book or whatever. So it doesn't really feel like a move that you make when you're. You're spending hundreds of billions of dollars on AI. Like you're betting the company on AI. This seems like it. Like, I'm starting to maybe see that even though Zuck is very good at monetizing applications, that it might just be for the pure love of the game. Yeah. Rob Flaherty summed up the pushback. I'm at the child brain poisoning company. I'm at the gambling company. I'm at the combination child brain poisoning and gambling company. Good reference to Pizza Hut and Taco Bell. A famous one. But feedback to the Kylie Jenner Meta glasses has been way, way better. Wow. Silicon Valley finally figured out who controls consumer spending. This is not. Finally. Meta's been partnering with great celebrities for a really long time. This does not come as a shock to me, but it is the right person to partner with. It's fascinating because we were trying to estimate how much Meta spent on this partnership campaign. Yeah. I had, I was putting it at, like, somewhere around, like, 50. No information on it. Million. Like 50 million. Yeah. How much does it cost to get the top influencer. Yeah. In the entire world to do a campaign like this. Yeah. And launch a product with you. Yeah. You know, maybe something like $50 million. Then Alex Heath Ethanator, who we were with this scoop athlete. Scoop athlete comes out and scoops that. Snap is working on a deal with Robert Downey Jr. To spend $100 million potentially for a partnership there, which is deeply confusing. Okay. For like, you know, a lot of reasons. Like the, the, the, the Kylie Meta campaign makes a lot of sense. Kylie is like one of the, like, probably the. Or one of the top influencers on Instagram. Right. So it's a deep existing partnership. You don't know that this couldn't be. This isn't deep. It could be a super deep integration. We could be looking at, like, Iron Man 4 snap spectacles, and the whole movie could revolve around Iron man taking off the suit and only using the snap spectacles to stop Thanos for the fifth time in a row. And I just don't believe that. As cool as Robert Downey Jr. Is, I don't believe that people are gonna spend $2,195 on these specs because he is in a brand campaign with them. Whereas I do feel like Kylie could potentially drive, well, more than 50 million of sales. Totally of her. No, 100%. Kylie informs purchases at a very different rate. Like, I'm a fan of Robert Downey Jr. I like his movies, but it's very hard for me to close the loop from, like, okay, he looked good and was in this suit, and so I should go buy that suit. It's just such a. And the other. The other thing is, like, the meta glasses are a content creation product. Like, that's their primary function. And she's a content creator. Number one content creator. Yeah, but you're. You're completely discounting the possibility that Avengers 12 could be filmed entirely on the snapshot.

Figma for the next one we'd love to see. And not even because we want you to change the aesthetics of your decks or the style or the way ideas are communicated, but purely because it'll make it faster and more efficient for the team. Yes. And you'll be able to collaborate more efficiently. Yes. Anyway, speaking of decks, character AI deck from 2021. It's been floating around. Okay. Which I guess came out a lawsuit. Yeah. I wonder why. But this was from 2021. December 8th. A lifetime ago in artificial intelligence. Just five years. It's crazy. Two year run acquisition by Google. Two years there. Now Gnome is over at OpenAI about Gnome and this is another good deck. Are you seeing this? This has the same. It has the same. It has similar level of aesthetics in the sense that it's like the, like very simple in its design. No, the lesson, the lesson in here. And I've always said when working on decks, like if the deck is not compelling when it's black and white and there's not even any visuals inside, the final product, even if designed beautifully, will not be compelling. Right. So the actual content, the words are what matter most. And. And here you have Nome being says he was always into AI. Early days of Google he created the spell checker. Did you mean first targeting system for AdSense, a topic clustering model. And then other large scale ML systems, GNOME and LLMs. In 2016 he predicted that large neural language models are the future. Wow. Goated goal invent critical innovations and make them available to the world. Got.

He's going to one quad. I actually. What. I actually want to get this, like. Like, as a print. Yeah. To put up. Maybe not in my home, but maybe in the garage. Yep. Because, like, the statement, what matters is not the eggs, it is the goose itself. The power to keep laying eggs. Like, if you're going. You're waking up in the morning, you go to get in your car, you just see that as a reminder that, like, it's not about, like. Like the value is in yourself. Right. The power to keep laying eggs. Sort of having that, like, Jocko willing. Yeah. Having that goose mentality to start the day. Goose max. Priceless. Yes, priceless. The true. The true source of value. I love. I love sprinkling in. Just like the goose and egg slides with, like, nav slides, projections. Like, it's very. Keep going. One more. There we go. This is beautiful. The golden egg factory inside the goose. What. What happened here is the true source of value. The golden egg factory inside the goose. So the golden egg factory. Yeah, of course it's inside the goose. The goose is what lays the eggs. It's an internal mechanism. It's also not a biological process. It's an industrial process. It really is like. Yeah, it's an internal mechanism in the goose. And you have this sort of like, automated conveyor belt producing these ASI eggs. Yeah. As I. Are the eggs. It's interesting. Let's go to the next one. Because I think it kind of clarifies how to understand the market capitalization of Softbank Group. You know, you need to. He's feeling like, okay, like, you're just valuing me for my eggs. Yep. I want you to value me based on my egg value, my goose value. That's the path to the quadrillion. Yeah. Right. This is something. They don't teach you this at Harvard Business School realizing AI, this is his plan.

Have run it up huge on Arena. This is like a high signal account and maybe I should follow it. So I don't know. It could be something that I think. I think part of it. I think part of it is like, social media is as being. Is starting to be viewed as something that is as bad as gambling for society. Potentially worse. Sure. Right. Potentially worse than gambling, maybe. And so part of it's just, like, effort. I think users will like this, they'll use it. And you can imagine, like, making Instagram already one of the most addictive apps ever created and just adding casino functionality to it. So you're gambling with your friends. I'm not. You know, I think it's laugh. This move is, like, laughable. Right? Okay. In many ways, just because it's just given the amount of fire that social media is already under, like, you know, this court case, right. The addiction court cases and that now it's like, okay, well, like, we're sorry, you know, we're sorry that, like, you think our app is, like, addictive. Like, you know, we're going to work this out in the courts, but while we do that, like, we're going to introduce gambling. It's like, it is. It is just like a very funny move. And I'm sure they just wish. I'm sure they wanted to, like, keep it under wraps. And it's probably an experiment still, but not a move that's very defensible. Right. Unless they stick with the no money thing.

Million smartwatches. I feel like this is perfect trajectory. Like this is great. Do you think that Meta ever makes a free pair of glasses that's ad supported? I don't know. I think that an ads business would actually be much more attractive when you, when you say, oh, they're making a billion dollars in revenue, that's not 100% margin. I think about, well, what is Threads revenue going to be? And that's going to be much higher margin. Like Threads is probably more exciting to the core business and to the financial outcomes. Yeah, I just think, I think if you. I understand it's exciting. I like hardware. Like it's cool. It's just like it's hard to underwrite to like some. Oh, it's moving the needle on cash flow. This is going to pay for another data center I would expect to see. Just like we saw the ad supported Kindle. I think we'll see the ad supported Meta glasses are the ads on the inside where on the outside for the, for the user. So you're walking on a street and you walk past a restaurant, it pops up like, you know, get a free matcha. I don't like that. I like the other way. I want to be wearing the glasses and I want it to be barking ads at everyone around me while noise canceling those ads to me so I don't have to hear that you become a loud billboard. Exactly. I pay for the no ads version. But you didn't pay and you're sitting next to me. So unless you pay, you can. So you would dress up as like one of those guys that goes like a modern sign flipper. You dress up as a guy on the street and you're pretending to do like what do you do for a living? Interviews. But then right when you get up, instead of saying what do you do for a living? You just activate the ads and you just try to bark like four or five ads. What is your intelligent cloud provider? Is it Railway? Which one is it? Let me tell you about Railway. Railway is the all in one intelligent cloud provider. Use your favorite agents to deploy web apps, servers, databases and more while Railway automatically takes care of scaling, monitoring and security. That would be a great ad to bark out of your glasses on command. Anyway, so Apple is really.

Yeah, yeah, Real can. Yeah, it was cool. So I thought that was really cool. Yeah, very, very cool of them to do that. The other thing that was interesting, France appeared to put Brian Johnson on a pack of cigarettes. Pull up this image that does look like Brian Johnson. Really out of pocket to take an asset. It works pretty well, though. Don't die, don't smoke. You know, it's his message. I think he would approve this, but I saw this and I had to take a picture because I was like, is it actually uncanny? He has, like, a lot of pictures of himself. It does look like that. Like that. Eyes closed. Also. This looks like a man being put in a body bag, but at the same time, it looks like just a man who got a. Getting a beautiful night's sleep, getting tucked in after a nice couple of yacht heaters. He ripped a couple darts, had a couple years, crushed a couple cold ones, and now he's ready to get put to bed by someone. Yeah, this is actually much more tame than some of the other. Oh, some of them are gruesome. Like, so gruesome. Showing like, the X rays of cancer patients and, like, black lungs and stuff. Like, this is pretty mild. If you look like this guy after you're smoking a whole pack, like, you're doing pretty well. I think it's fine. Anyway, the. The end state of.

It is a full. Yeah. And the withdrawals, I mean, maybe it would get better after a few weeks, but. Yeah, the symptoms are brutal. Anyway, it was a high stakes trip. Of course, Jordi has battled with French President Emmanuel Macron in the past. And then what appeared to be a direct shot at me. France recently banned nicotine pouches. Fully. Very controversial. Pretty much all oral nicotine products banned. Yeah. Yeah. So as of April. Yeah. So we went over there, we went over there to make. We went over there to make amends and right away it felt like, you know, they were sending messages straight from the top. Yep. Because we land in Paris and we have a connecting flight. Yeah. Where. Where the conference is. And, you know, we get in the airport, you know, we're. We're excited to be there. It's Paris, Right. The sun is shining. Small issue is it's roughly 100 degrees inside the airport. Coincidence. Interesting coincidence. We there, right. When we show up, then it gets hot. Generational heat wave. Yeah. And makes you ask some questions. Of course, there's no air conditioning. Right. It's. It's legitimately 100 degrees. You look around, there's. Everyone has their fans out. They're, like sweating profusely. Really, really messy situation. Go to a cafe, try to get an iced drink. They're out of ice. The whole airport doesn't have AC or ice in the whole airport. And then we go to get on our flight and we sit down and, you know, we're waiting, we're waiting. Starting to feel like we're waiting a little bit too long to get off the ground. About 45 minutes in, they come over the intercom and let us know that the air conditioning on the plane is broken and they're working on fixing it. Thirty minutes later, they come over again and they say, we've been unable to get the air conditioning working. We're not going to be able to take off. You have to deplane. And, you know, we felt terrible for all the other passengers because clearly it was McCrone sabotaging our flight. But for him to inconvenience, you know, hundreds of other people just shows you how important it is to him just to get at us. It's just insane to me that crossed the line. It's like if it's, you know, clearly it's personal, but figure out a way to, you know, come at us. Be a little more targeted. Yeah, more targeted, exactly. Why does there need to be so much collaboration? And then, of course, on our next flight, we get to the. We get to the airport Planes ready, pilots ready. And, you know, they tell us again, like, hey, we're just figuring out some stuff. We're going to take off as soon as we can. We're bored. We decide, hey, is any. Anything world. Any, like, World cup games on? We should turn. Turn it on. See? So we're sitting there and we're like, whoa, France is actually playing in the World cup right now. What. What are the chances? And so we keep kind of checking in with the pilot, and he's like, yeah, we need a little bit more time. We're not really sure why the plane's there, the pilot's there, they're ready to go. We're like, what's going on? A little bit later, like, we're ready to go. Ten minutes before, you know, it's like 35 minutes into the game, they're like, hey, we just need a few more minutes. The fuel truck's going to be here soon. Thank you for your patience this time. By this point, we've been waiting for, like, an hour and a half, and halftime starts 10 minutes later. There's fuel in the plane, we're ready to go. And we were just sitting there, like, coincidence? Coincidence? I think not. Anyways, a little bit of a journey to get there, but we had a good week. Yeah, it was good. AD Quick was.