1 00:00:00,020 --> 00:00:03,900 Josh: NVIDIA earnings are in, the stock is moving, and pretty much everyone has an 2 00:00:03,900 --> 00:00:04,940 Josh: opinion on what this means. 3 00:00:05,020 --> 00:00:08,020 Josh: But most of the commentary, I think, is missing the real story, 4 00:00:08,060 --> 00:00:10,100 Josh: which isn't actually about this quarter at all. 5 00:00:10,200 --> 00:00:14,400 Josh: It's about whether AI is in a super cycle that has likes for years or whether 6 00:00:14,400 --> 00:00:17,360 Josh: we're about one overbuilds away from a dot com style wipeout. 7 00:00:17,940 --> 00:00:20,920 Josh: Today, we're getting into the thesis that has Wall Street buzzing, 8 00:00:21,380 --> 00:00:24,120 Josh: which is, I mean, kind of answering the question, are we in a bubble or not? 9 00:00:24,220 --> 00:00:27,420 Josh: And if we're not, how much longer do we have? We have a lot of new data points 10 00:00:27,420 --> 00:00:30,820 Josh: now with this NVIDIA earnings report that I think are worth getting excited about. 11 00:00:31,200 --> 00:00:34,280 Josh: This is also the AI Weekly Roundup where we talk about the top news of the week. 12 00:00:34,360 --> 00:00:39,160 Josh: So in addition to this, we have Perplexity. They launched a new personal computer from the ground up. 13 00:00:39,580 --> 00:00:44,140 Josh: Cloud Cowork has become OpenClaw now. There's many OpenClaw alternatives that 14 00:00:44,140 --> 00:00:45,700 Josh: come from everywhere. And Anthropic 15 00:00:45,700 --> 00:00:50,300 Josh: wiped out, what was it, 15% of IBM's market cap in one single post. 16 00:00:50,460 --> 00:00:54,480 Josh: So lots of things are happening quickly, but maybe we'll start with the NVIDIA earnings report. 17 00:00:54,780 --> 00:01:00,460 Ejaaz: Yeah, so NVIDIA earnings pretty much broke the entire stock market. And I'll tell you why. 18 00:01:00,640 --> 00:01:04,100 Ejaaz: For every single target, they beat it. 19 00:01:04,280 --> 00:01:10,280 Ejaaz: They beat earnings per share. They brought in $68.1 billion in Q4, 20 00:01:10,440 --> 00:01:14,880 Ejaaz: which is up about 70% from the year before and 20% from the previous quarter. 21 00:01:15,100 --> 00:01:20,340 Ejaaz: And they're also estimating $78 billion for Q1 of this year, 22 00:01:20,460 --> 00:01:23,440 Ejaaz: whereas the Wall Street estimates were about $72 billion. 23 00:01:23,780 --> 00:01:28,680 Ejaaz: So things are looking pretty positive, right? And actually, in post-closed market, 24 00:01:28,900 --> 00:01:36,040 Ejaaz: the stock pumped 4%. But this morning, it's down 4%. It completely retraced the move entirely. 25 00:01:36,300 --> 00:01:40,160 Ejaaz: So it added $150 billion to their market cap, and then it completely removed it. 26 00:01:40,260 --> 00:01:45,520 Ejaaz: And I think that there's just a clear misunderstanding of what NVIDIA is doing 27 00:01:45,520 --> 00:01:47,540 Ejaaz: here and why it's actually bullish. 28 00:01:47,640 --> 00:01:51,000 Ejaaz: I think a lot of people look at this and say, this seems like an AI CapEx bubble. 29 00:01:51,120 --> 00:01:53,240 Ejaaz: I don't know how much more sustainable it is. 30 00:01:53,500 --> 00:01:56,860 Ejaaz: And to be honest, I'm going to spend a bit of time arguing as to why it actually 31 00:01:56,860 --> 00:02:01,580 Ejaaz: is pretty amazing, because we're talking about a 75% year upon year growth. 32 00:02:01,580 --> 00:02:07,500 Ejaaz: And I think that what the market misunderstands is there is a lot of investment in GPUs. 33 00:02:07,620 --> 00:02:11,200 Ejaaz: Buying GPUs is very expensive. And at some point, the music has to stop, right? 34 00:02:11,630 --> 00:02:17,110 Ejaaz: Except that the companies buying the GPUs are, number one, fully utilizing all 35 00:02:17,110 --> 00:02:20,270 Ejaaz: their GPUs, so they're maxed out and they need to actually buy more. 36 00:02:20,410 --> 00:02:24,870 Ejaaz: But number two, there's a story about a little thing known as electricity or 37 00:02:24,870 --> 00:02:27,610 Ejaaz: energy, which needs to power these GPUs. 38 00:02:27,690 --> 00:02:29,990 Ejaaz: And we just don't have enough of it. 39 00:02:30,150 --> 00:02:32,990 Josh: Yeah, any way you look at this report, the numbers are pretty outrageous. 40 00:02:33,250 --> 00:02:38,450 Josh: I mean, revenue of this quarter coming in at $80 billion estimate versus 72. 41 00:02:38,690 --> 00:02:43,130 Josh: I mean, the amount of money they're going to be earning and the profit margin 42 00:02:43,130 --> 00:02:47,010 Josh: that they have on those earnings is just absolutely gigantic. 43 00:02:47,270 --> 00:02:50,530 Josh: And I think one of the best takes that answered the question, 44 00:02:51,050 --> 00:02:53,470 Josh: are we in a bubble or not? Where are we in the bubble? 45 00:02:53,650 --> 00:02:57,290 Josh: What does this bubble look like? Is from this guy named Gavin Baker. 46 00:02:57,470 --> 00:03:00,810 Josh: I think everyone here, we love Gavin Baker. He's great. 47 00:03:01,010 --> 00:03:03,330 Josh: He's an analyst at Atreides Capital, I think. 48 00:03:03,610 --> 00:03:06,390 Josh: And right before the earnings report, he published this 49 00:03:06,390 --> 00:03:09,270 Josh: post not knowing what the results were going to be not knowing 50 00:03:09,270 --> 00:03:11,930 Josh: kind of how impressive it was going to be and he 51 00:03:11,930 --> 00:03:15,450 Josh: kind of broke it down into a few sections with 52 00:03:15,450 --> 00:03:20,330 Josh: the core question is like nvidia's earnings durability is it actually going 53 00:03:20,330 --> 00:03:24,930 Josh: to be able to hold through not only this report but through future reports and 54 00:03:24,930 --> 00:03:29,030 Josh: he he outlines in this paper that every major tech revolution like railroads 55 00:03:29,030 --> 00:03:33,810 Josh: radio the internet it follows the same playbook generally where the market correctly 56 00:03:33,810 --> 00:03:35,290 Josh: identifies the potential of 57 00:03:35,540 --> 00:03:36,480 Ejaaz: That creates a bubble. 58 00:03:36,720 --> 00:03:40,520 Josh: And then the excitement creates that bubble and the demand temporary collapses. 59 00:03:40,520 --> 00:03:41,660 Josh: And then there's a crash. 60 00:03:41,760 --> 00:03:44,520 Josh: And he has this line that I love that says, believing this time is different 61 00:03:44,520 --> 00:03:47,280 Josh: is dangerous, but I think this time might be different. 62 00:03:48,140 --> 00:03:51,360 Josh: Maybe you have some insight as to why he really believes this time is different, 63 00:03:51,400 --> 00:03:55,440 Josh: because it seems like this is backed up by like real information that separates 64 00:03:55,440 --> 00:03:58,840 Josh: this bubble from those previous bubbles, like railroads, like the radio, 65 00:03:58,960 --> 00:04:02,720 Josh: like the internet, even this time actually is different for a few key reasons. 66 00:04:03,120 --> 00:04:07,900 Ejaaz: Yeah, so he makes the very valid point that in every previous bubble, 67 00:04:07,900 --> 00:04:11,080 Ejaaz: we have overstepped what is actually real. 68 00:04:11,260 --> 00:04:14,080 Ejaaz: So in this case, the people that are calling for the AI CapEx bubble, 69 00:04:14,560 --> 00:04:18,100 Ejaaz: their argument would be that all the GPUs that are being bought aren't actually 70 00:04:18,100 --> 00:04:21,300 Ejaaz: being utilized and they're just kind of sitting and collecting dust. 71 00:04:21,480 --> 00:04:29,420 Ejaaz: The truth is all these GPUs, all these new ones and five to 10 year old GPUs are maxed out. 72 00:04:29,420 --> 00:04:34,220 Ejaaz: In fact, if you wanted to go and rent a five-year-old GPU from NVIDIA or from 73 00:04:34,220 --> 00:04:39,680 Ejaaz: a secondary market right now, you'd be paying roughly one and a half times the 74 00:04:39,680 --> 00:04:42,300 Ejaaz: original cost of the GPU five years ago. 75 00:04:42,520 --> 00:04:46,140 Ejaaz: The demand is off the scale and it's not stopping anytime soon. 76 00:04:46,670 --> 00:04:50,950 Ejaaz: But the second more prescient point that he makes is the hyperscalers, 77 00:04:51,090 --> 00:04:55,490 Ejaaz: even if they wanted to blow up a bubble that would lead to an ultimate collapse 78 00:04:55,490 --> 00:04:56,930 Ejaaz: that all the doomers are talking about, 79 00:04:57,210 --> 00:05:02,710 Ejaaz: they can't because they're limited by the amount of electricity and power that 80 00:05:02,710 --> 00:05:05,070 Ejaaz: our grid can currently support. 81 00:05:05,290 --> 00:05:08,650 Ejaaz: So he's saying that we can buy all these GPUs and they could overbuy it, 82 00:05:08,750 --> 00:05:12,810 Ejaaz: but they will have not enough power to power them up in the first place. 83 00:05:12,810 --> 00:05:17,390 Ejaaz: So in a weird sort of way, the hyperscalers are restricted from creating the 84 00:05:17,390 --> 00:05:20,770 Ejaaz: bubble that everyone is fearing and, you know, worrying about. 85 00:05:21,210 --> 00:05:24,190 Josh: Yeah, in the dot-com bubble, there's this huge race to deploy fiber as fast 86 00:05:24,190 --> 00:05:28,610 Josh: as possible across the oceans, across the continents to get everyone connected online. 87 00:05:28,710 --> 00:05:32,230 Josh: And the reality is, is that they were able to deploy the fiber so much faster 88 00:05:32,230 --> 00:05:34,490 Josh: than, I mean, we could come up with use cases for it. 89 00:05:34,690 --> 00:05:37,550 Josh: And in this case, the inverse is true where everyone wants to move quickly. 90 00:05:37,550 --> 00:05:41,110 Josh: But he has this really elegant line that says, we're constrained by watts and 91 00:05:41,110 --> 00:05:44,550 Josh: wafers, meaning we don't have enough electricity, we don't have enough chips. 92 00:05:44,750 --> 00:05:48,870 Josh: And as a result, that becomes the limiting factor, enabling the growth. 93 00:05:49,050 --> 00:05:53,990 Josh: And it will stop us from actually accelerating as fast as we could and smoothing 94 00:05:53,990 --> 00:05:58,570 Josh: out what could eventually become a bubble, but still has a lot of narrative runway left. 95 00:05:58,570 --> 00:06:04,110 Josh: The summary of this is that so long as nvidia is printing cash and doing well 96 00:06:04,110 --> 00:06:09,550 Josh: there is basically infinite demand because they are just not able to create 97 00:06:09,550 --> 00:06:15,710 Josh: as much as the industry desires and as a result of watts and wafers being the limiting factor 98 00:06:16,290 --> 00:06:20,690 Josh: we are just not able to reach bubble levels required to make things, 99 00:06:20,830 --> 00:06:22,390 Josh: to put things into the danger zone. 100 00:06:22,610 --> 00:06:25,290 Josh: So kind of his sentiment, and it seems like the sentiment after this NVIDIA 101 00:06:25,290 --> 00:06:29,830 Josh: report is that there's a lot of time left before you have to worry about things collapsing. 102 00:06:29,970 --> 00:06:34,990 Josh: And there will be ruts along the way, but we are like still green lights full speed ahead. 103 00:06:35,150 --> 00:06:40,570 Ejaaz: A lot of people are worried about AI basically replacing human labor entirely. 104 00:06:40,910 --> 00:06:44,950 Ejaaz: And he makes the point that because we're restrained by energy and the electrical 105 00:06:44,950 --> 00:06:48,150 Ejaaz: grid, and we will be for the foreseeable future for the next at least five years 106 00:06:48,150 --> 00:06:50,550 Ejaaz: until we build this thing, this stuff takes a lot of time. 107 00:06:50,690 --> 00:06:55,450 Ejaaz: We'll reach a point where we buy enough GPUs, but the cost of paying an AI to 108 00:06:55,450 --> 00:06:59,810 Ejaaz: do a human job actually becomes more expensive than just employing a human. 109 00:06:59,930 --> 00:07:03,070 Ejaaz: As long as we have this limiting factor of electricity and power, 110 00:07:03,350 --> 00:07:05,150 Ejaaz: humans are good for the foreseeable future. 111 00:07:05,390 --> 00:07:07,690 Ejaaz: And of course, take that with a pinch of salt. It's interesting, 112 00:07:07,790 --> 00:07:10,950 Ejaaz: this article was a direct rebuttal to a really. 113 00:07:11,790 --> 00:07:14,430 Ejaaz: Tantalizingly written post from citrini which is a 114 00:07:14,430 --> 00:07:17,730 Ejaaz: research firm which basically outlined the doomer case where 115 00:07:17,730 --> 00:07:21,350 Ejaaz: ai takes over everything and you know humans basically need to kind of like 116 00:07:21,350 --> 00:07:24,130 Ejaaz: fight for themselves and like subsidize themselves through i don't know some 117 00:07:24,130 --> 00:07:28,270 Ejaaz: kind of just voluntary payment uh structure and so he's outlining the positive 118 00:07:28,270 --> 00:07:31,510 Ejaaz: side of this here josh i don't know if you saw but there was also a piece that 119 00:07:31,510 --> 00:07:35,050 Ejaaz: came out from citadel securities which by the way, 120 00:07:35,520 --> 00:07:39,820 Ejaaz: is the most funniest thing ever because Citadel is like known for making most 121 00:07:39,820 --> 00:07:41,280 Ejaaz: of their money from shorting stuff. 122 00:07:41,480 --> 00:07:44,600 Ejaaz: So the fact that they're now like super bullish, this new technology is just 123 00:07:44,600 --> 00:07:46,880 Ejaaz: kind of hilarious. They must have quite a few long positions open. 124 00:07:47,000 --> 00:07:51,260 Ejaaz: But yeah, I think overall, the point that's being made here is like NVIDIA is beating its earnings. 125 00:07:51,520 --> 00:07:56,640 Ejaaz: It's consistently done this for about eight quarters now. Let me repeat that. 126 00:07:56,940 --> 00:08:03,420 Ejaaz: Around eight quarters. They're up 75% in gross revenue from last year. 127 00:08:03,420 --> 00:08:06,600 Ejaaz: They've been repeating this for about two years now. 128 00:08:07,020 --> 00:08:10,720 Ejaaz: This train isn't stopping. And I don't know how much longer the doomers can 129 00:08:10,720 --> 00:08:13,460 Ejaaz: keep saying, hey, I think this is the top. 130 00:08:13,600 --> 00:08:15,760 Ejaaz: This is the top. This is the end. I just don't think we're there yet. 131 00:08:15,900 --> 00:08:19,720 Josh: What we see is the CapEx spend that we talked about a few weeks ago. 132 00:08:20,120 --> 00:08:23,720 Josh: Like clearly this is all going to places like NVIDIA. These companies have pledged 133 00:08:23,720 --> 00:08:29,780 Josh: $650 billion of CapEx spend, which is almost exclusively going to AI buildouts. 134 00:08:30,120 --> 00:08:32,720 Josh: NVIDIA is going to see a ton of that. These earners are not going to slow down. 135 00:08:32,720 --> 00:08:33,880 Josh: The build-outs are not going to stop. 136 00:08:34,160 --> 00:08:37,580 Josh: I mean, it's just a very clear path to moving forward and to continuing this 137 00:08:37,580 --> 00:08:40,160 Josh: growth. And it's really exciting to be a part of this ride. 138 00:08:40,380 --> 00:08:42,080 Josh: Another ride that I went on yesterday 139 00:08:42,080 --> 00:08:46,260 Josh: was with Perplexity saying that they rebuilt the personal computer. 140 00:08:46,620 --> 00:08:49,280 Ejaaz: Josh, how much did that trigger you, that single sentence? 141 00:08:49,640 --> 00:08:53,780 Josh: I'm just a little confused because, you know, Perplexity, they've been quiet. 142 00:08:54,040 --> 00:08:57,620 Josh: We had Arvin, the CEO, as a guest on the show. Feel free to go back and find that interview. 143 00:08:57,820 --> 00:08:59,200 Josh: It was really interesting because 144 00:08:59,200 --> 00:09:02,480 Josh: they pivoted the entire company around building an agentic browser. 145 00:09:02,720 --> 00:09:06,740 Josh: And now it appears like they have expanded from the browser to the entire computer. 146 00:09:07,300 --> 00:09:11,440 Josh: So, Ijaz, I haven't looked into this news entirely. I'm not exactly sure what it is they built. 147 00:09:11,600 --> 00:09:15,440 Josh: But based on the announcement video, it seems like computer use is actually 148 00:09:15,440 --> 00:09:16,960 Josh: getting pretty good on perplexity. Is that true? 149 00:09:17,380 --> 00:09:20,820 Ejaaz: Let's start with the good news. The vision with perplexity computer is number 150 00:09:20,820 --> 00:09:24,640 Ejaaz: one, they didn't rebuild an actual physical computer. 151 00:09:25,110 --> 00:09:29,450 Ejaaz: What they rebuilt was the operating system for a computer. 152 00:09:29,810 --> 00:09:33,890 Ejaaz: So right now, if you have Windows, you booted up Windows. If you have Mac OS, you have Mac OS. 153 00:09:34,150 --> 00:09:38,910 Ejaaz: What they've tried to do here is build a layer on top of that that unites all 154 00:09:38,910 --> 00:09:42,490 Ejaaz: the things that you might potentially do on a computer, whether that's coding. 155 00:09:43,010 --> 00:09:46,510 Ejaaz: Whether that's doing your nine-to-five job, whether it's opening up a browser, 156 00:09:46,710 --> 00:09:48,310 Ejaaz: whether it's like playing around with a few apps. 157 00:09:48,430 --> 00:09:52,490 Ejaaz: They've unified it on a single layer called perplexity computer. 158 00:09:52,790 --> 00:09:56,130 Ejaaz: Why did they do this? Well, their argument is very simple. They're saying, 159 00:09:56,290 --> 00:09:58,930 Ejaaz: hey, you're using a different model for your browser. 160 00:09:59,150 --> 00:10:00,370 Ejaaz: You're using a different model to 161 00:10:00,370 --> 00:10:03,930 Ejaaz: code, using a different model to spin up agents to do your work for you. 162 00:10:04,190 --> 00:10:09,190 Ejaaz: Let me just bring all of this under one roof and make a single unified experience. 163 00:10:09,550 --> 00:10:13,190 Ejaaz: So I actually love the vision. And I think that something like this is actually 164 00:10:13,190 --> 00:10:16,430 Ejaaz: desperately needed in a world where we have open claw. 165 00:10:16,670 --> 00:10:19,610 Ejaaz: And it's funny, we're just talking about like 10 different open claw variants. 166 00:10:19,730 --> 00:10:22,010 Ejaaz: We have clawed co-work. I have a million subscriptions. 167 00:10:22,250 --> 00:10:26,390 Ejaaz: My mind is going crazy. I just want one singular thing that I can like operate on. 168 00:10:26,770 --> 00:10:30,830 Ejaaz: And this is what that thing supposedly does. It can research, 169 00:10:31,110 --> 00:10:34,470 Ejaaz: design, code, deploy, and manage any project end to end. 170 00:10:34,630 --> 00:10:38,130 Ejaaz: So that sounds good. But the question is, can it actually do it? 171 00:10:38,230 --> 00:10:39,910 Ejaaz: So I want to go through like a few demos. 172 00:10:40,390 --> 00:10:44,330 Ejaaz: One, which is showing, I think this might be the actual video where it takes 173 00:10:44,330 --> 00:10:48,030 Ejaaz: a long form video and creates a short form type of content. Do I have that right, Josh? 174 00:10:48,210 --> 00:10:51,110 Josh: Oh yeah, this is, it's about halfway into this video. It's, it's pretty well 175 00:10:51,110 --> 00:10:54,430 Josh: done because I've been trying to get this to work with a service like Claude 176 00:10:54,870 --> 00:10:59,010 Josh: And it doesn't have the ability to edit videos within it. 177 00:10:59,210 --> 00:11:02,850 Josh: So I think that is a plus one to perplexity where the example that it uses, 178 00:11:02,850 --> 00:11:06,770 Josh: it's like go to an interview that Dario Mode, the CEO of Anthropocad, 179 00:11:06,910 --> 00:11:09,250 Josh: and then pull out a specific part and turn it into a clip. 180 00:11:09,410 --> 00:11:13,250 Josh: And then it actually went and it rendered the clip and it added subtitles and 181 00:11:13,250 --> 00:11:17,190 Josh: descriptions and it did everything that a producer on a show like ours would do. 182 00:11:17,350 --> 00:11:21,790 Josh: So that was really interesting. And I think it's exciting to see these companies 183 00:11:21,790 --> 00:11:26,410 Josh: leaning more into this new AI first operating system because as these ai models 184 00:11:26,410 --> 00:11:29,630 Josh: are getting better at computer use and anthropic just acquired another company 185 00:11:29,630 --> 00:11:34,390 Josh: that is exceptional at computer use they're going to continue to kind of rebuild 186 00:11:34,390 --> 00:11:36,850 Josh: what the computer does but through the ai first lens 187 00:11:37,300 --> 00:11:40,640 Josh: And this seems pretty interesting. Like as someone who hasn't used Perplexity 188 00:11:40,640 --> 00:11:45,140 Josh: in months, I'm reconsidering maybe I should sign up for a subscription and try this out. 189 00:11:45,520 --> 00:11:50,360 Ejaaz: Yeah, the way I would describe this is it is open core, but for normies, 190 00:11:50,520 --> 00:11:54,160 Ejaaz: for the everyday person, you don't have to worry about massive security issues. 191 00:11:54,380 --> 00:11:58,860 Ejaaz: It's a really simple and easy looking interface in terms of like connecting your apps. 192 00:11:59,140 --> 00:12:02,520 Ejaaz: I think a portion of this data is held privately. 193 00:12:02,940 --> 00:12:05,640 Ejaaz: The agents are very intuitive to use. You just kind of like prompt them. 194 00:12:05,640 --> 00:12:09,460 Ejaaz: If you look at one of these demos right here, he says, I'm thinking about buying 195 00:12:09,460 --> 00:12:12,900 Ejaaz: Walter White's house and turning it into a rental. Please build me a financial model. 196 00:12:13,220 --> 00:12:17,220 Ejaaz: And it just kind of goes off and does its own thing. You don't need to tell it what tool to use. 197 00:12:17,320 --> 00:12:20,340 Ejaaz: If it requires access to Slack or something, it'll say, hey, 198 00:12:20,440 --> 00:12:22,600 Ejaaz: can I get access to Slack? You just say, yes, approved. 199 00:12:22,920 --> 00:12:25,540 Ejaaz: And it just kind of like gets on with it. So I think that's pretty cool. 200 00:12:25,660 --> 00:12:28,980 Ejaaz: There are also other few demos that I quite enjoyed. 201 00:12:29,140 --> 00:12:32,160 Ejaaz: So if you're not in the finance world, or maybe you are, but you would have 202 00:12:32,160 --> 00:12:34,980 Ejaaz: heard of something called Bloomberg Terminal. It is like the mecca. 203 00:12:35,160 --> 00:12:39,980 Ejaaz: It costs $30,000 a year to access, and you get all the latest, 204 00:12:40,220 --> 00:12:42,840 Ejaaz: greatest financial news before the public gets it. 205 00:12:42,900 --> 00:12:47,280 Ejaaz: If important financial news breaks, it breaks on Bloomberg Terminal first. It is the mecca. 206 00:12:47,620 --> 00:12:52,160 Ejaaz: Someone rebuilt it from scratch using perplexity computer, and it took them 207 00:12:52,160 --> 00:12:53,980 Ejaaz: less than an hour to do so. 208 00:12:54,120 --> 00:12:58,120 Ejaaz: So you've already automated away $30,000 a 209 00:12:58,120 --> 00:13:02,600 Ejaaz: year worth of value for the cost of a single prompt and if i look at this interface 210 00:13:02,600 --> 00:13:07,560 Ejaaz: right here from this demo it actually looks super legit now i don't know what 211 00:13:07,560 --> 00:13:14,600 Ejaaz: ip infringements happen here and like in defense of the non-perplexity computer supporters. 212 00:13:15,050 --> 00:13:18,230 Ejaaz: We actually kind of did something similar, Josh. I think we, 213 00:13:18,410 --> 00:13:19,790 Ejaaz: what did we use to build this? 214 00:13:19,870 --> 00:13:25,850 Ejaaz: We used, oh yeah, we did a test between Cloud Code, Opus 4.6 and Codex 5.3. 215 00:13:25,930 --> 00:13:30,170 Ejaaz: And we said, hey, can you build up an investment tracker analysis app for us? 216 00:13:30,270 --> 00:13:33,590 Ejaaz: And I did it in a few minutes, but it wasn't to the extent that this thing is. 217 00:13:33,690 --> 00:13:37,470 Ejaaz: So I think it's just that added layer of an operating system helps you kind 218 00:13:37,470 --> 00:13:42,290 Ejaaz: of piece together a bunch of different tools and builds a better app or a better 219 00:13:42,290 --> 00:13:45,910 Ejaaz: tool or a better web experience for versus like prior. 220 00:13:45,910 --> 00:13:48,630 Josh: Models it'll get you close like what what 221 00:13:48,630 --> 00:13:51,530 Josh: is this missing well it's missing the real-time news it's missing the 222 00:13:51,530 --> 00:13:55,250 Josh: private chat room so it loses a lot of the value that comes from that thirty 223 00:13:55,250 --> 00:13:59,810 Josh: thousand dollars or however much it costs but it created an interface that without 224 00:13:59,810 --> 00:14:03,830 Josh: those added values it actually looks pretty much like a bloomberg terminal and 225 00:14:03,830 --> 00:14:08,170 Josh: it all the data works all the news tracks all the charts are accurate and it 226 00:14:08,170 --> 00:14:10,350 Josh: creates this fun dashboard with a single prompt. 227 00:14:10,490 --> 00:14:12,750 Josh: So perplexity seems like they're onto something. 228 00:14:12,990 --> 00:14:17,410 Josh: I hope that they are aware that the rest of the industry is also working very 229 00:14:17,410 --> 00:14:19,950 Josh: hard to doing this. In fact, they might even be there already. 230 00:14:20,110 --> 00:14:23,350 Josh: And when I'm saying that, I'm referencing Claude Cowork because essentially 231 00:14:23,350 --> 00:14:27,470 Josh: this week they have turned Claude Cowork into OpenClaw one step at a time. 232 00:14:27,750 --> 00:14:32,650 Josh: And I think this started with news that was discussing scheduled tasks. 233 00:14:32,910 --> 00:14:37,530 Josh: So a big thing about OpenClaw in particular is that it has a heartbeat and every 234 00:14:37,530 --> 00:14:41,710 Josh: 30 minutes it kind of wakes up and it goes through its tasks and what Claude 235 00:14:41,710 --> 00:14:45,430 Josh: does now is you can schedule tasks to happen throughout the course of the day. 236 00:14:45,610 --> 00:14:48,650 Josh: You could ask it for a morning brief, you could ask for weekly updates, 237 00:14:48,830 --> 00:14:52,350 Josh: for Friday presentations, whatever it may be, it adds these things called 238 00:14:52,870 --> 00:14:59,970 Josh: cron jobs into the Claude co-work operating system and i think it's it's another step of 239 00:15:00,490 --> 00:15:04,070 Josh: Claude and Anthropic and a lot of these companies kind of working towards this 240 00:15:04,070 --> 00:15:08,810 Josh: first operating system in a way that is is very compelling like now i have it 241 00:15:08,810 --> 00:15:12,250 Josh: do a little morning roundup where in the morning it'll go through all the news 242 00:15:12,250 --> 00:15:15,010 Josh: that i missed over the night and just give me a couple bullet points to see 243 00:15:15,010 --> 00:15:17,230 Josh: if there's anything i find interesting it's pretty cool yeah i 244 00:15:17,230 --> 00:15:21,750 Ejaaz: Mean that's one very essential part of what makes open claw an amazing product 245 00:15:21,750 --> 00:15:24,870 Ejaaz: and the fact that now you have like this kind of sandbox version where you don't 246 00:15:24,870 --> 00:15:28,530 Ejaaz: need to kind of check for any security risks or anything like that is awesome. 247 00:15:28,710 --> 00:15:31,850 Ejaaz: That's not the only tool that they launched this week. Like Anthropik's been 248 00:15:31,850 --> 00:15:34,130 Ejaaz: on a generational run this week alone. 249 00:15:34,350 --> 00:15:36,390 Josh: It seems like every day they're announcing a new feature. 250 00:15:36,990 --> 00:15:41,510 Ejaaz: I need them to give me a break because it takes a while to process these things, 251 00:15:41,670 --> 00:15:44,130 Ejaaz: but they're just shipping every single day at this point. I'm tired, dude. 252 00:15:44,550 --> 00:15:49,230 Ejaaz: So this new feature is called Remote Control, which is exactly what it sounds 253 00:15:49,230 --> 00:15:54,390 Ejaaz: like. you can now code using Claude from your phone whilst you're going on a 254 00:15:54,390 --> 00:15:55,730 Ejaaz: walk, whilst you're walking on the dog. 255 00:15:55,910 --> 00:15:58,330 Ejaaz: So if you need to get away from a screen, 256 00:15:59,010 --> 00:16:02,450 Ejaaz: Now, I'm sorry, you're chained, you're ball and chained even when you leave 257 00:16:02,450 --> 00:16:03,370 Ejaaz: your house at this point. 258 00:16:03,530 --> 00:16:07,330 Ejaaz: It's really cool because one of the great parts about OpenClaw was the fact 259 00:16:07,330 --> 00:16:11,810 Ejaaz: that you could lay in bed or communicate with your coding agent or your claw 260 00:16:11,810 --> 00:16:16,790 Ejaaz: bot from anywhere in the world. And you didn't need to be at your desktop terminal at that specific time. 261 00:16:17,250 --> 00:16:21,130 Ejaaz: Clawed code and Anthropic prior to this announcement required you to do so. 262 00:16:21,370 --> 00:16:24,070 Ejaaz: Now you don't need to be able to do that. So now when you combine this with 263 00:16:24,070 --> 00:16:28,370 Ejaaz: the autonomous cron jobs that you just mentioned, Josh, you start to see what 264 00:16:28,370 --> 00:16:29,090 Ejaaz: the vision is going to be. 265 00:16:29,190 --> 00:16:31,870 Ejaaz: And it looks something very similar to OpenClaw. 266 00:16:32,050 --> 00:16:35,670 Ejaaz: But to go back to the original form of Anthropic announcements, 267 00:16:36,050 --> 00:16:38,190 Ejaaz: they typically announce, I don't know, what is it? 268 00:16:38,310 --> 00:16:43,770 Ejaaz: One to three new plugins for Clawed in general, Cowork specifically, maybe every week. 269 00:16:44,230 --> 00:16:50,770 Ejaaz: And it results in a, I saw a stat here, it results in a 10 to 35% stock decline 270 00:16:50,770 --> 00:16:54,910 Ejaaz: of any company that currently has the winning leading software, 271 00:16:55,070 --> 00:16:59,810 Ejaaz: because now Clawed has automated that entirely. and we have a new one this week. That's crazy. 272 00:16:59,910 --> 00:17:03,830 Josh: We need to pause there for a second to just to acknowledge how powerful Anthropic 273 00:17:03,830 --> 00:17:09,090 Josh: has become, where a single tweet and a single feature unlock has the ability 274 00:17:09,090 --> 00:17:11,790 Josh: to move markets billions, maybe tens of billions of dollars. 275 00:17:12,110 --> 00:17:15,870 Josh: And what I find funny and ironic before we get into what happened this week 276 00:17:15,870 --> 00:17:20,150 Josh: with the news is that it seems as if this is a power only Anthropic holds. 277 00:17:20,470 --> 00:17:27,190 Josh: If ChatGPT announced something similar to this, I'm not sure it has the impact of anthropic and quad. 278 00:17:27,410 --> 00:17:29,930 Josh: And I think that's worth acknowledging is because they haven't. 279 00:17:30,540 --> 00:17:33,440 Josh: They haven't. Yeah, we haven't seen this. And I think it's worth acknowledging 280 00:17:33,440 --> 00:17:37,100 Josh: because Anthropic very clearly is seen as not only a powerhouse, 281 00:17:37,220 --> 00:17:41,100 Josh: but a real threat to a lot of institutions, a lot of companies that have been 282 00:17:41,100 --> 00:17:42,420 Josh: kind of grounded in their ways. 283 00:17:42,580 --> 00:17:45,260 Josh: And this example this week, I love, it's so funny. 284 00:17:45,680 --> 00:17:50,340 Josh: So please share with us what the hell happened with this new post that knocked 285 00:17:50,340 --> 00:17:52,740 Josh: a certain company off the grid. 286 00:17:53,120 --> 00:17:58,300 Ejaaz: Okay. So there are many different types of programming languages and one very 287 00:17:58,300 --> 00:18:02,580 Ejaaz: important and I guess essential programming language for the business world 288 00:18:02,580 --> 00:18:06,880 Ejaaz: for data processing specifically is known as COBOL, C-O-B-O-L. 289 00:18:07,000 --> 00:18:09,860 Ejaaz: It stands for Common Business Oriented Language. 290 00:18:10,280 --> 00:18:14,640 Ejaaz: And one particular company called IBM has held the monopoly on this. 291 00:18:14,820 --> 00:18:18,020 Ejaaz: And the reason why they've held the monopoly on this is that it's quite a complex 292 00:18:18,020 --> 00:18:19,720 Ejaaz: programming language to understand. 293 00:18:19,900 --> 00:18:22,300 Ejaaz: You need to kind of like learn how the different tools work. 294 00:18:22,480 --> 00:18:26,880 Ejaaz: Then you need to adopt how the language actually fits to your business. it's a whole process. 295 00:18:27,060 --> 00:18:30,840 Ejaaz: IBM walks you through hand in hand and figures it out for you, 296 00:18:30,920 --> 00:18:33,980 Ejaaz: and they charge you a premium price to be able to do that. 297 00:18:34,640 --> 00:18:38,940 Ejaaz: Until two days ago, when Anthropic announced that they had launched a single 298 00:18:38,940 --> 00:18:43,680 Ejaaz: plugin that was coded from scratch using Claude Code, and it does all of that 299 00:18:43,680 --> 00:18:46,780 Ejaaz: for you, for the cost of a single prompt. 300 00:18:46,980 --> 00:18:50,880 Ejaaz: The news wasn't too great. IBM stock, it says here it dumped 10%. 301 00:18:50,880 --> 00:18:55,980 Ejaaz: It actually dumped 15% within an hour of that tweet going live. 302 00:18:56,260 --> 00:18:59,320 Ejaaz: Just insane to see. And this isn't the first time Anthropic has done this. 303 00:18:59,460 --> 00:19:03,640 Ejaaz: They announced a legal plugin about a week and a half ago, and all law stocks 304 00:19:03,640 --> 00:19:05,840 Ejaaz: dumped about 30 billion dollars just insane. 305 00:19:05,840 --> 00:19:08,660 Josh: That's a huge amount of money that's blown and i 306 00:19:08,660 --> 00:19:11,500 Josh: think it's it's a testament to kind of where things are going right it's 307 00:19:11,500 --> 00:19:15,120 Josh: ibm makes so much money because cobalt is such a old outdated 308 00:19:15,120 --> 00:19:18,020 Josh: protocol that no one really supports no 309 00:19:18,020 --> 00:19:21,860 Josh: one really understands how it works they're maintaining dinosaur code and now 310 00:19:21,860 --> 00:19:25,160 Josh: anthropic comes in and says we're not like humans we don't get tired we don't 311 00:19:25,160 --> 00:19:28,400 Josh: get bored we will actually just go and work with your cobalt code and fix things 312 00:19:28,400 --> 00:19:33,120 Josh: and that knocked 15 that's a huge amount of money and that's still not the extent 313 00:19:33,120 --> 00:19:37,740 Josh: of all the philanthropic news this week because there is another security implementation. 314 00:19:38,040 --> 00:19:43,520 Josh: So if I remember correctly, when they announced Opus, maybe it's 4.6, 315 00:19:43,800 --> 00:19:45,380 Josh: they announced it with the fact that 316 00:19:45,720 --> 00:19:49,000 Josh: it found 500 zero-day vulnerabilities in code. 317 00:19:49,240 --> 00:19:53,060 Josh: Correct. Meaning that there is existing code bases out there that have exploits. 318 00:19:53,200 --> 00:19:56,900 Josh: It uncovered 500 of them just via the AI model itself. 319 00:19:57,060 --> 00:20:00,440 Josh: And now what they're doing, it seems, is they're kind of reversing that and 320 00:20:00,440 --> 00:20:05,640 Josh: allowing you to have the tools to play defense against Claw's own hacking abilities. Is that right? 321 00:20:05,840 --> 00:20:09,340 Ejaaz: Yeah, I actually think that it might have been Codex 5.3 from OpenAI, 322 00:20:09,520 --> 00:20:12,100 Ejaaz: but the fact is like both models can do the same thing. 323 00:20:12,260 --> 00:20:16,440 Ejaaz: And these coding models are getting so good finding the vulnerabilities that 324 00:20:16,440 --> 00:20:20,100 Ejaaz: humans are very prone to implementing in their own code. 325 00:20:20,460 --> 00:20:23,420 Ejaaz: And these vulnerabilities, by the way, can be exploited for billions of dollars. 326 00:20:23,580 --> 00:20:27,660 Ejaaz: I'm not like underselling this. Like if you are a multi-billion dollar company, 327 00:20:27,800 --> 00:20:28,900 Ejaaz: a hundred billion dollars plus, right? 328 00:20:29,120 --> 00:20:33,020 Ejaaz: And you have security floor that gives people access to personal data or back 329 00:20:33,020 --> 00:20:37,300 Ejaaz: account information, that could be a really large financial and legal risk for 330 00:20:37,300 --> 00:20:39,480 Ejaaz: you. So it's very important that you patch these things up. 331 00:20:39,620 --> 00:20:45,880 Ejaaz: But the issue is humans, well, number one, need to be an expert in that specific 332 00:20:45,880 --> 00:20:49,340 Ejaaz: code base in order to find those specific flaws. 333 00:20:49,480 --> 00:20:53,880 Ejaaz: So there's only usually about three to five people in any of these big companies that can do that. 334 00:20:53,960 --> 00:20:58,460 Ejaaz: So there's a heavy risk point there, where if those people leave the company, 335 00:20:58,460 --> 00:21:03,360 Ejaaz: or they decide to like go focus on something else, you now have an open risk. 336 00:21:03,720 --> 00:21:09,200 Ejaaz: Claude announced this new tool called Claude Code Security, which now does this for you. 337 00:21:09,340 --> 00:21:14,540 Ejaaz: It scans your entire code repository in about 10 to 30 minutes. 338 00:21:14,700 --> 00:21:19,720 Ejaaz: It understands the nuance and the way that you wrote this code, 339 00:21:20,060 --> 00:21:22,020 Ejaaz: the context with your business, et cetera, et cetera. 340 00:21:22,420 --> 00:21:25,200 Ejaaz: And then it finds all the security flaws for you. 341 00:21:25,500 --> 00:21:29,140 Ejaaz: Typically, this would have taken a team of five to 10 people months, 342 00:21:29,360 --> 00:21:31,280 Ejaaz: or it's like a recurring thing. 343 00:21:31,420 --> 00:21:35,820 Ejaaz: And now you can just run a single prompt like every 30 minutes or every week, 344 00:21:35,820 --> 00:21:38,580 Ejaaz: and it'll discover all the flaws for you, but it gets even better. 345 00:21:38,960 --> 00:21:45,820 Ejaaz: It proposes the solution that you need to fix in order to resolve that security issue. 346 00:21:46,180 --> 00:21:49,320 Ejaaz: It doesn't go to the extent where it writes up the fix for you, 347 00:21:49,440 --> 00:21:52,160 Ejaaz: although you can definitely say like, hey, okay, that sounds good, 348 00:21:52,420 --> 00:21:55,540 Ejaaz: build the fix for me, because they wanted to maintain the human in the loop. 349 00:21:55,720 --> 00:21:59,940 Ejaaz: But if you can imagine, if the AI is already good enough to find the flaws and 350 00:21:59,940 --> 00:22:03,260 Ejaaz: create the fix for the flaws, you might just let this thing run autonomously for you. 351 00:22:03,320 --> 00:22:07,260 Ejaaz: Now, let me ask you this, how much is that product worth for your business? 352 00:22:07,260 --> 00:22:09,780 Ejaaz: It's probably like tens of billions of dollars, if not more. 353 00:22:09,940 --> 00:22:13,960 Josh: They're just continuing to snipe and cherry pick the value from every existing 354 00:22:13,960 --> 00:22:18,180 Josh: company until it's all in one. It's amazing the amount that they're absorbing in the market. 355 00:22:18,380 --> 00:22:21,880 Josh: We have a few things left to cover this week that I kind of want to go through quickly. 356 00:22:22,180 --> 00:22:24,720 Josh: The first one being the XAI Pentagon deal. 357 00:22:25,080 --> 00:22:30,240 Josh: XAI and Grok is now powering Pentagon's AI technology. And we had a crazy sentence. 358 00:22:30,500 --> 00:22:32,820 Josh: This is like a strange narrative timeline that we're running. 359 00:22:32,940 --> 00:22:35,680 Josh: And we had an episode earlier this week that I would recommend checking out 360 00:22:35,680 --> 00:22:39,040 Josh: about Anthropic and their kind of difficulties they've been having in dealing 361 00:22:39,040 --> 00:22:43,940 Josh: with the government because they seemingly don't want to give access to all 362 00:22:43,940 --> 00:22:47,300 Josh: of the ways in which the Pentagon wants to use it. 363 00:22:47,420 --> 00:22:50,940 Josh: But it appears as if Grok and XAI did not have this problem. 364 00:22:51,140 --> 00:22:55,020 Josh: And the plan is that they're going to fully integrate Grok starting later this 365 00:22:55,020 --> 00:22:57,980 Josh: month into military operations. What those are, I don't know. 366 00:22:58,120 --> 00:23:00,460 Josh: I'm not sure we'll ever find out. But I just find it interesting... 367 00:23:01,260 --> 00:23:06,440 Josh: That there is a new kind of role in government here for AI Labs and Grok is 368 00:23:06,440 --> 00:23:08,420 Josh: now going to be one of the front runners here. 369 00:23:08,720 --> 00:23:12,340 Josh: This comes on the back of, I mean, more drama with Anthropic, right? 370 00:23:12,660 --> 00:23:15,420 Josh: It was after we recorded the episode, there was still even more. 371 00:23:15,580 --> 00:23:21,040 Josh: I mean, apparently Anthropic has an ultimatum where by Friday they have to either 372 00:23:21,040 --> 00:23:25,340 Josh: decide if they're going to comply with the Pentagon's request or not. 373 00:23:25,460 --> 00:23:29,120 Josh: And if they don't, what's at stake here for Anthropic? 374 00:23:29,120 --> 00:23:32,780 Ejaaz: So there's this thing I'm highlighting here called the Defense Production Act. 375 00:23:33,040 --> 00:23:35,980 Ejaaz: The Pentagon basically has two options if Anthropik refuses. 376 00:23:36,060 --> 00:23:41,300 Ejaaz: On Friday, they can force their hand, initiating the Defense Production Act to basically say, 377 00:23:41,780 --> 00:23:44,980 Ejaaz: sorry, you legally now need to give me an uncensored version, 378 00:23:45,120 --> 00:23:48,780 Ejaaz: even though you declined, because it is now the official law and it's a case 379 00:23:48,780 --> 00:23:52,300 Ejaaz: of national state security, which, by the way, is an insane thing. 380 00:23:52,540 --> 00:23:58,160 Ejaaz: Or they can take option two, which is blacklist Anthropik and all of their models 381 00:23:58,160 --> 00:24:01,080 Ejaaz: as a security risk to the nation, 382 00:24:01,520 --> 00:24:06,460 Ejaaz: which means that Anthropic probably ceases to receive any kind of government 383 00:24:06,460 --> 00:24:09,720 Ejaaz: funding or regulatory support in the future. 384 00:24:09,980 --> 00:24:13,380 Ejaaz: And it also pushes up all the other models that have signed partnerships with 385 00:24:13,380 --> 00:24:14,700 Ejaaz: the Pentagon, such as Grok. 386 00:24:15,000 --> 00:24:17,960 Ejaaz: And I hear OpenAI and Google is doing the same as well. 387 00:24:18,300 --> 00:24:21,800 Ejaaz: The sentiment has been split on this, Josh. I've seen both sides. 388 00:24:21,920 --> 00:24:25,260 Ejaaz: One saying Anthropic just needs to wisen up. And I think that was a lot of the 389 00:24:25,260 --> 00:24:27,320 Ejaaz: argument that we gave on our episode earlier this week. Again, 390 00:24:27,560 --> 00:24:29,440 Ejaaz: please go check it out. Let us know if you think we're wrong. 391 00:24:29,620 --> 00:24:32,400 Ejaaz: But then the other side, like I saw Jeff Dean tweet this morning. 392 00:24:32,820 --> 00:24:38,120 Ejaaz: Jeff Dean is like the guy from Google. He built so many of Google's key products. 393 00:24:38,160 --> 00:24:42,340 Ejaaz: And he said, I like that Anthropics taking a stand and it's important that they don't violate, 394 00:24:43,040 --> 00:24:46,500 Ejaaz: I think is what the first amendment or whatever it is where you can't surveil 395 00:24:46,500 --> 00:24:49,260 Ejaaz: all Americans. And I respect the fourth, the fourth. 396 00:24:49,480 --> 00:24:54,140 Josh: Yeah. It's seems heavy handed, right? Like I can understand not working with 397 00:24:54,140 --> 00:24:58,400 Josh: them, but putting them on a blacklist seems a bit extortive, 398 00:24:58,660 --> 00:25:00,360 Josh: especially when there's other options. Yeah. 399 00:25:00,460 --> 00:25:03,040 Ejaaz: Well, here's the thing, like the government's favorite model. 400 00:25:03,220 --> 00:25:04,720 Ejaaz: And Pete said this himself, 401 00:25:05,200 --> 00:25:08,360 Ejaaz: the head of the Pentagon, he said that Claude is the best model and they've 402 00:25:08,360 --> 00:25:12,920 Ejaaz: been using it for over a year now so you can imagine if claude has been trained 403 00:25:12,920 --> 00:25:16,340 Ejaaz: with all your employees it's been entrenched on your data you kind of don't 404 00:25:16,340 --> 00:25:19,800 Ejaaz: want to rip that out and then like train a new model from scratch so, 405 00:25:20,480 --> 00:25:22,560 Ejaaz: Antarmic has everything to win and lose here. 406 00:25:23,260 --> 00:25:26,200 Josh: Yeah, it's interesting because I'm sure we're missing a lot of context too, 407 00:25:26,300 --> 00:25:28,580 Josh: due to just the general private nature of how these deals work. 408 00:25:28,780 --> 00:25:33,100 Josh: So it's going to be tough to really give an honest opinion because I'm sure 409 00:25:33,100 --> 00:25:34,980 Josh: we're missing a lot of data, but interesting nonetheless. 410 00:25:35,340 --> 00:25:38,500 Josh: And congrats to XAI and the team for getting a new contract. 411 00:25:39,240 --> 00:25:46,680 Josh: Last winner of the week, AMD. Oh my God, 15% jump in one day on a Meta deal. 412 00:25:46,940 --> 00:25:52,380 Josh: Meta is now working with AMD. I thought Meta was working with NVIDIA. That's what I thought. 413 00:25:52,540 --> 00:25:56,780 Ejaaz: But no, they signed a new $6 billion compute partnership. 414 00:25:56,980 --> 00:26:00,920 Ejaaz: And remember, it's not a deal now. It's just, we're specifically calling it partnerships. 415 00:26:01,160 --> 00:26:04,800 Ejaaz: These are crazy. Yeah, it's insane. The circular economy is back. 416 00:26:05,100 --> 00:26:10,260 Ejaaz: The nature of the deal is basically Meta doesn't want to rely solely on NVIDIA 417 00:26:10,260 --> 00:26:12,960 Ejaaz: chips, although NVIDIA is the big boy here. 418 00:26:13,120 --> 00:26:17,120 Ejaaz: So they want to diversify their compute arsenal so that if anything were to 419 00:26:17,120 --> 00:26:20,980 Ejaaz: happen to NVIDIA or any of the other chip makers, they can still stay alive 420 00:26:20,980 --> 00:26:22,880 Ejaaz: and feed their product to you. 421 00:26:23,260 --> 00:26:28,180 Ejaaz: Now, Meta has been out of the kind of news for a while because their models 422 00:26:28,180 --> 00:26:31,400 Ejaaz: weren't able to keep up and they spent about, what was it? 423 00:26:31,540 --> 00:26:36,120 Ejaaz: Like a hundred to maybe $200 billion to hire like something ridiculous, 424 00:26:36,260 --> 00:26:39,820 Ejaaz: like 50 people in their new AI team and they have had nothing to show for it. 425 00:26:40,320 --> 00:26:43,700 Ejaaz: Rumor says they're meant to be releasing a new model in a few weeks time. 426 00:26:43,880 --> 00:26:48,760 Ejaaz: Avocado is the code name. and so if that is all it's hyped up to be then they're 427 00:26:48,760 --> 00:26:52,400 Ejaaz: going to need all the data center compute that they can and they seem to be 428 00:26:52,400 --> 00:26:56,640 Ejaaz: sure that amd will be the ones to be one of the main providers for them so they've 429 00:26:56,640 --> 00:27:00,080 Ejaaz: locked in that deal they're building out data centers and yeah amd stock jumped 430 00:27:00,080 --> 00:27:02,340 Ejaaz: 15 absolutely insane well. 431 00:27:02,340 --> 00:27:06,440 Josh: Happy for all parties involved i think one thing throughout the episode there's 432 00:27:06,440 --> 00:27:11,640 Josh: a central theme in which there is no amount that can satiate the demand And 433 00:27:11,640 --> 00:27:13,920 Josh: for AI compute and energy and electricity. 434 00:27:14,580 --> 00:27:18,220 Josh: And like, I'm sure Meta would prefer to work with NVIDIA. 435 00:27:18,810 --> 00:27:21,570 Josh: This is the option that they have because they need GPUs they 436 00:27:21,570 --> 00:27:24,550 Josh: need compute they need energy and they have no choice so 437 00:27:24,550 --> 00:27:27,930 Josh: we are going to continue this run this 438 00:27:27,930 --> 00:27:30,650 Josh: generational run that we've had really in the world of AI 439 00:27:30,650 --> 00:27:34,090 Josh: it doesn't seem like the top is in it doesn't seem like the top is anywhere near 440 00:27:34,090 --> 00:27:37,150 Josh: and that leaves me optimistic and wanting to continue to deploy 441 00:27:37,150 --> 00:27:40,510 Josh: capital into this ever-changing absolutely outrageous 442 00:27:40,510 --> 00:27:43,470 Josh: market but that is another week of the AI 443 00:27:43,470 --> 00:27:46,250 Josh: roundup I hope you guys enjoyed this one I hope you enjoyed all the 444 00:27:46,250 --> 00:27:49,090 Josh: episodes this week if you missed any they're pretty short normally 20 to 445 00:27:49,090 --> 00:27:51,890 Josh: 25 minutes we talked about uh google had some pretty 446 00:27:51,890 --> 00:27:54,830 Josh: amazing tools where now we can create songs and jingles for 447 00:27:54,830 --> 00:27:57,810 Josh: the podcast we talked about anthropic at length and 448 00:27:57,810 --> 00:28:00,830 Josh: now we have this kind of roundup that is covering just about anything 449 00:28:00,830 --> 00:28:03,690 Josh: that you would need if you don't feel satiated we 450 00:28:03,690 --> 00:28:07,230 Josh: have a second form of content which is the newsletter every wednesday 451 00:28:07,230 --> 00:28:09,910 Josh: release the think piece this week was about a new company that i am 452 00:28:09,910 --> 00:28:15,550 Josh: very excited about a startup that i guarantee 95 plus maybe 99 of the people 453 00:28:15,550 --> 00:28:18,630 Josh: listening have not heard of so if you're interested in that or if you're interested 454 00:28:18,630 --> 00:28:22,730 Josh: in the second roundup which is released every friday uh ejes is tackling that 455 00:28:22,730 --> 00:28:25,670 Josh: one and i would highly advise subscribing the links are all in the description 456 00:28:25,670 --> 00:28:29,170 Josh: down below ejes any final notes before we we part for the weekend nope 457 00:28:29,170 --> 00:28:32,830 Ejaaz: Wherever you listen or watch us please like subscribe give us a rating it helps 458 00:28:32,830 --> 00:28:35,270 Ejaaz: us out so much and we will see you on the next one.