NEWSMAX

There.

Yeah. So it's just. It's actually better content, like, and we see this play, he doesn't really bring on, like, oh, there's this new wide receiver that we England Patriots. Like, let's talk to them. It's like, no, let's break down the odds. So, yeah, it's helpful to help. I think Bill Richard's more. More just on the other side of. He's not. He's. I mean, just. Well, yeah, it's not great. Water.

Right. You have to be good or like, some or worse, like, someone will tell them, oh, you have to be terrible. I mean, it's certainly, certainly like people got it. Like someone said, like, you should learn the code anymore and it starts to debate. Or someone said the keyline said, like, the only reason the same. Yeah, possibly. And so that, like, kind of starts a conversation. I. I like when a conversation start.

That's just like, oh, okay. Like, oh, I'm getting sued by this person. And then you're like, do I want that to happen to me? Do I want to be known? Pursuing this person kind of hugs, fans. It was that viral story. Yeah. And it went super viral and happened right along.

It. Yeah, yeah. I mean, there. We're there. You want. I'm sure it's not the asset culture. Yeah, this is a good showcase. There's a live daily.

How are you doing? Hey, Jordy. Hey, John. Great to be here. Great to have you. So much to talk about. Let's start with the new company. I mean, I'd love your thoughts on live streaming on Twitter and X and all the things that we're doing, but let's stay focused on your company. What did you announce today? Should we bring this gong for you? Let's do it. Give us a breakdown. How are you describing the new company? We're building parallels to build infrastructure for AIs using the web, born out of this observation that the web was built for humans. We built Twitter. You're thinking about people in browsers, in apps, and you're designing stuff for humans. And two years ago, as I was thinking around, AIs are going to use the web and that's going to be the primary user of the web. And it's going to be at massive scale, like thousand X, a million X of what we've ever done on the web that needs new infrastructure, new business models, and that's what this company is about today. The product we shipped is our deep research product. Now I'll tell you more about it. Yeah. How long? When did you actually start the company? It sounds like you've been in stealth for a while. Yeah, a year and a half ago. Been building a lot of infrastructure in that time. A lot of infrastructure. So talk about the first product. Break it down. We shipped a Deep Research API today. You're users of ChatGPT and I'm assuming several deep research tools. We have an API product that any enterprise developer can integrate into their applications, into their workflows. Since we have reimagined the search stack as well as the technology for the web from the ground up, we can outperform OpenAI's deep research. We can outperform every leading model's deep research quality in terms of their benchmarks, others benchmarks, and with real customers. And I think that's the product we've announced today. So break down some initial use cases for the product. Let's say I have a SaaS company, like a vertical SaaS company is this. And I'm building or something. You know, I can imagine somebody's building SaaS for sales reps or, you know, a CRM provider. Is this something they would be running, you know, deep research style queries within the product? Yeah, people do all kinds of things. So in the sales CRM context, right. There's a lot of people who have this massive current customer list prospect list. They want to go, I wish I knew this about this customer. I wish I knew this about this customer. So they just like add a bunch of data to have the CRM now have a lot of information that wasn't in there but was on the web and now it's in their systems. In their CRM they're ranking based on that, they're prioritizing based on that. They're able to go do meeting as if before you meet someone, pull everything from my internal information that I have about the customer and our interactions with them, but also pull everything that's happening with their business, what they're talking about, what they're doing, what they're shipping. How do you think about the Pareto frontier? I mean Google's, I mean, I believe they have Gemini APIs and they have. And they focused on kind of this idea of the trade off between cost and quality of result and intelligence is a function of cost ultimately. Where do you see pockets of value? Do you just want to go way further? Doesn't matter how much it costs, companies are willing to pay. Or is there a different kind of angle on the Pareto frontier that you think is unexplored? Glad you mentioned the Pareto frontier. I think we obsess about the Pareto frontier, but I think both are important. One, at every price point you got to be the best. And then for someone who has no price sensitivity, you got to be the absolute best. Right. And I don't think you get to do the one without the other. The way we push is we first push quality and accuracy for use cases as high as possible. And once you can do that, it actually you can do a lot of work to make it cheaper by trading off a little bit of quality. And that's the motion you take on. But you got to be on the Pareto frontier for every use case to be operating at the scale that we want to operate at, which is like every application, every workflow, anytime, everything should use AI. Yeah. So how do you think about competition in the category? Are you competing with OpenAI's API? Is that the wrong way to think about it? Yeah, I'm interested in where do you see pockets of unexplored territory. One of Google's advantages is that they have the tpu. But there are lots of new chip companies that offer different trade offs for inference. And what are you excited about in terms of differentiation? So one, we use models from OpenAI, Google and we use several open source models in different places. We also in our own models, we build our own index crawl ranker. What we Are is a little bit of a complement to the best models if you're building AI applications. Now, of course, OpenAI does bundle a search tool with their API and that we compete with and beat on quality. So we beat not just that tool. In fact, like the benchmarks for the products we ship today, we beat humans doing hours of work through our deep research product. Not just because we're cheaper or can do it faster, but we're more accurate for a bunch of workflows than hiring a bunch of people to do it right. And that I think is really exciting. As we work with more and more customers, we're able to replicate that. And that's an amazing moment that we've found this year. Do you think there's room for differentiation by finding a beachhead market that is a subcategory? I just imagine we've seen this with Harvey and legal, and they're obviously HIPAA compliance and medical. And we just talked to Jessica and she was saying that they were a YC company, they tried a bunch of different things, did some healthcare, some legal, w up in logistics, and had a bunch of luck there. Are there any glimmers of beachhead markets on the horizon for you? Almost too many. So we're seeing like a bunch, as you mentioned, like CRM sales, sales intelligence, marketing. There's a bunch happening there. There's a lot of people innovating and there are customers. So if you what our customers. Our customers are often vertical people who are in various markets. We have people doing science research on like papers published or on sort of clinical trials that are happening or the data coming out of those with people with like investors, like hedge funds to PE funds to venture funds using us because like information on the web is what gives people alpha and people can be so creative and now can create like scaled programs for figuring out where to spend their time. Instead of doing one query at a time in ChatGPT, you write a script, you do a thousand queries on our deep research system. You get better quality and you figure out where you want to spend your time. And we even have coding agents that use our search tools when they get stuck. So if you an agent, it's just like. So instead of beachhead markets, I think it all converges in the way I see, right? It's all agents out there. You can have an agent for sales, you can have an agent for investing, you can have an agent for choose your favorite industry. And every agent needs horseback riding. How's it been building quietly out of the public eye? Have you enjoyed it a lot. Also, respect for founders. I don't know. I ran a large company. Right. I was@twitter 11 years. Being a founder, taking something from nothing to having like a bunch of. Is this your first startup? It's my first startup. Wow. Wow. Figuring it out, like, I'm massively unqualified for the jobs, but those are the only jobs you really want, right? Yeah, of course. You want a job that you're qualified for. Just got to figure it out. I want to dig into a little bit more granularity. Obviously, it's launch week, but Chat is asking us, what did you get done this week? Break it down for us. This week. I got back on Twitter. Let's go ring the gong. We're hitting the gong. It's great to see you back on the timeline. Congratulations on the launch. I think that's huge. And I don't know if you caught this. I think I almost broke Twitter. Oh, really? As I was tweeting like, this morning at like 8am, I trying to get my tweets out for the first time years. Right. And Twitter is glitching. Then I go on detector. Okay. You might have brought it down. And I was like, what timing, man. Like, yeah, yeah. I'm not gonna get blamed for this. Timing launch on the timeline is. Is like one of the hardest dances you have to do. You can get steamrolled by a violin thing. There's a good day, but it was a good day. Yeah. And we're glad that you could have been. It could have been like a surprise deep sea launch. Yeah, yeah, exactly. But I think you broke through and we're very excited for you. So congratulations on the launch. Thank you so much for stopping by. And have a great rest of your week. We'll talk to you soon. Yeah, Great to catch up. Have a good one. Bye. Up next, we have Eric from Bolt, new in the Restream waiting room. Let's bring in Eric. I'm very excited to talk to him because Bolt is launching a new business model. The margins on prompting will go to zero and the company will make money from hosting websites and apps instead of want to talk about it. How you doing, Eric? Good to have you on the stream. What's happening? And good to be here, guys. Yeah. Long, long time watcher. Good to be. Good to be on the show. Fantastic. It's good to have you introduce yourself, give us a little background of the company. And then I want to go into the business model questions because we. This has been top of mind for us all. Show yeah, for sure. Yeah. So company's called Bolt New, formerly known as Stacklets. We, we're in the process of swapping the logo. Got to get new merch printed. We've been around for eight years now. We actually just hit the eight year mark two weeks ago. We were actually about to go out. Of business success like a year ago. And so what ended up happening was we pivoted and launched Bolt. And in the first two months, from 0 to 20 million of ARR and was really one of the first text app tools that came out. Okay, are you beating the allegations? 0 to 20 million.

So one, we use models from OpenAI, Google and we use several open source models in different places. We also in our own models, we build our own index crawl, ranker, reasoner. What we are is a little bit of a complement to the best models if you're building AI applications. Now of course OpenAI does bundle a search tool with their API and that we compete with and beat on quality. So we beat not just that tool. In fact, like the benchmarks for the products we ship today, we beat humans doing hours of work through our deep research product. Not just because we're cheaper or can do it faster, but we're more accurate for a bunch of workflows than hiring a bunch of people to do it right. And the that I think is really exciting. As we work with more and more customers, we're able to replicate that and that's an amazing moment that we've found this year. Do you think there's room for differentiation by finding a beachhead market that is a subcategory? I just imagine like we've seen this with Harvey and legal and there are obviously HIPAA compliance and medical. And we just talked to Jessica and she was saying that like they were a YC company, they tried a bunch of different things, did some healthcare, some legal, wound up logistics and had a bunch of luck there. Are there any glimmers of beachhead markets on the horizon for you? Almost too many. So we, we're seeing like a bunch as you mentioned, like CRM sales, sales intelligence, marketing. There's a bunch happening there. There's a lot of people innovating and there are customers. So if you what our customers, our customers are often vertical people who are in various markets. We have people doing science research on like papers published or on sort of clinical trials that are happening or the data coming out of those with people with like investors like hedge funds to PE funds to venture funds using us because like information on the web is what gives people alpha and people can be so creative and now can create like scaled programs for figuring out where to spend their time instead of doing one query at a time. In ChatGPT, you write a script, you do a thousand queries on our deep research system, you get better quality and you figure out where you want to spend your time. And we even have coding agents that use our search when they get stuck. So if you an agent, it's just like. So instead of beachhead markets, I think it all converges in the way I see it. It's all agents out there. You can have an agent for sales, you can have an agent for investing, you can have an agent for choose your favorite industry. And every agent needs horseback riding. How's it been building quietly out of the public eye. Have you enjoyed it a lot? Also, respect for founders. I don't know. I ran a large company. I was@twitter 11 years. Being a founder, taking something from nothing to having like a bunch of. Is this your first startup? It's my first startup. Wow. Wow. Figuring it out, like, I'm massively unqualified for the jobs. But those are the only jobs you really want, right? Yeah, of course. You want a job that you're qualified for. Just got to figure it out. I want to dig into a little bit more granularity. Obviously it's launch week, but Chat is asking us, what did you get done this week? Break it down for us. This week I got back on Twitter. Let's go. Ring the gong. Ring the gong. We're hitting the gong. It's great to see you back on the timeline. Seeing Piranha. Congratulations on the launch. I think that's huge. And I don't know if you caught this. I think I almost broke Twitter. Oh, really? As I was tweeting like, this morning at like 8am, I'm like, trying to get my tweets out for the first time, like, years. Right. And Twitter is glitching. Then I go on detector. Okay. You might have brought it down. And I was like, what? Timing, man. Like, yeah, yeah. I'm not blamed for this timing. Launch on the timeline is. Is like one of the hardest dances you have to do. You can get steamrolled by a violinist thing. There's a good day, but it was. A good day launch. Yeah. You know, and we're glad that you're. At the show, but like a surprise deep sea glancing. Exactly. But I think you broke through and. And we're very excited for you. So congratulations on the launch. Thank you so much for stopping by. And have a great rest of your week. We'll talk to you soon. Yeah, great to catch up. Have a good one. Bye. Up next, we have Eric from Bolt new in the Restream waiting room. Let's bring in Eric. I'm very excited to talk to him because Bolt.