1 00:00:00,020 --> 00:00:04,860 Ejaaz: Okay, this is pretty insane. OpenAI is launching their own version of the iPhone 2 00:00:04,860 --> 00:00:07,680 Ejaaz: and it's shipping in less than 12 months. 3 00:00:07,840 --> 00:00:12,500 Ejaaz: Yesterday, an analyst which has the highest hit rate of any Apple product leak 4 00:00:12,500 --> 00:00:16,940 Ejaaz: dropped a report that revealed that OpenAI is building their own phone and it's 5 00:00:16,940 --> 00:00:21,300 Ejaaz: been designed by the very guy that designed the original iPhone, Johnny Ive. 6 00:00:21,420 --> 00:00:24,880 Ejaaz: They're targeting around 40 to 50 million units for year one, 7 00:00:25,020 --> 00:00:28,680 Ejaaz: which is larger than the opening sales of the iPhone itself. 8 00:00:28,940 --> 00:00:32,780 Ejaaz: Now, this is a very convincing rumor, but we wanted to investigate one, 9 00:00:32,960 --> 00:00:36,560 Ejaaz: whether this was real, and it led us down the craziest rabbit hole ever. 10 00:00:36,820 --> 00:00:41,840 Ejaaz: We pulled up Anthropic and OpenAI's job postings, and it revealed a hidden product 11 00:00:41,840 --> 00:00:44,240 Ejaaz: roadmap that we're gonna talk about on this show. 12 00:00:44,400 --> 00:00:49,020 Ejaaz: There's over 750 open roles between them, and it revealed a 24-month, 13 00:00:49,340 --> 00:00:52,600 Ejaaz: two-year product roadmap that no one else is talking about. 14 00:00:52,680 --> 00:00:56,520 Ejaaz: It didn't only confirm that OpenAI is building a phone, but it also tells us 15 00:00:56,520 --> 00:01:01,440 Ejaaz: how the companies themselves are actually building in a very different strategic path from each other. 16 00:01:02,060 --> 00:01:06,180 Josh: Yeah, I didn't believe this and I still don't believe it, but every single rumor 17 00:01:06,180 --> 00:01:10,560 Josh: is pointing towards the fact that OpenAI is building an OpenAI phone and it 18 00:01:10,560 --> 00:01:13,820 Josh: is going to be designed by the same person who is building an iPhone. 19 00:01:14,020 --> 00:01:16,900 Josh: And we kind of have a brief of generally what we can expect. 20 00:01:17,060 --> 00:01:20,460 Josh: I think most noteworthy of this most recently because that they've expedited timelines. 21 00:01:20,740 --> 00:01:25,060 Josh: So there's a high probability that one year from now, we will be holding an 22 00:01:25,060 --> 00:01:28,940 Josh: OpenAI smartphone in our hands. Now, what is it going to look like? 23 00:01:29,060 --> 00:01:31,780 Josh: What is it going to feel like? we have some loose ideas of that 24 00:01:31,780 --> 00:01:34,780 Josh: starting with the form factor it seems like they're going for the traditional 25 00:01:34,780 --> 00:01:37,680 Josh: smartphone not the screenless johnny ive device 26 00:01:37,680 --> 00:01:41,140 Josh: this isn't a pendant it's not glasses they're going for like a proper phone 27 00:01:41,140 --> 00:01:45,660 Josh: replacer so i would expect it to look like the iphone the big idea is that they're 28 00:01:45,660 --> 00:01:49,740 Josh: going to replace the operating system with an ai first operating system and 29 00:01:49,740 --> 00:01:54,100 Josh: we've always talked about how open ai is trying to build the ai first os but 30 00:01:54,100 --> 00:01:57,700 Josh: this is going to be the actual hardware in which it could be integrated on traditionally 31 00:01:57,700 --> 00:02:00,180 Josh: iPhones, you have that grid system where all your apps live. 32 00:02:00,460 --> 00:02:03,940 Josh: Yeah, we have a great, great rendering on screen. This will be fully predictive. 33 00:02:04,140 --> 00:02:07,140 Josh: So this is pending on a few things. One is that OpenAI is able to figure out 34 00:02:07,140 --> 00:02:11,000 Josh: the software stack in time, which I mean, 12 months seems like an eternity. 35 00:02:11,120 --> 00:02:12,260 Josh: I'm sure they'll be able to figure it out. 36 00:02:12,440 --> 00:02:15,240 Josh: And the other is that they'll be able to actually convince people to go and 37 00:02:15,240 --> 00:02:16,820 Josh: use this device instead of an iPhone. 38 00:02:16,960 --> 00:02:20,540 Josh: Now, this is separate from the product suite that we've mentioned in the past, where Johnny, 39 00:02:20,680 --> 00:02:23,460 Josh: I was developing earbuds or a pendant or a little puck 40 00:02:23,460 --> 00:02:26,960 Josh: that sits on your desk this is a full-blown display with 41 00:02:26,960 --> 00:02:30,660 Josh: a screen and a smartphone all integrated it seems like it's going to be built 42 00:02:30,660 --> 00:02:35,320 Josh: on top of open as cloud so i would expect memory and a lot of the graphical 43 00:02:35,320 --> 00:02:39,380 Josh: processing power to not be as important because a lot of it is going to be offload 44 00:02:39,380 --> 00:02:43,480 Josh: to open as cloud and i think this is really interesting news this isn't what i was expecting. 45 00:02:43,890 --> 00:02:47,710 Josh: I thought they were going to be the third device, like your computer, 46 00:02:48,050 --> 00:02:51,210 Josh: your phone, your maybe earbuds, but they're going for that phone slot. 47 00:02:51,310 --> 00:02:52,650 Josh: And this was really surprising for me to hear. 48 00:02:52,890 --> 00:02:56,970 Josh: But this analyst who was reporting on it, he is the most accurate Apple supply 49 00:02:56,970 --> 00:02:58,090 Josh: chain analyst in history. 50 00:02:58,270 --> 00:03:02,030 Josh: And he also seems to have a lot of other people backing him up as well. 51 00:03:02,250 --> 00:03:06,030 Ejaaz: Here's the thing. I do think OpenAI is building the third device. 52 00:03:06,210 --> 00:03:10,330 Ejaaz: They're pitching it as a phone, but it's going to act very and maybe even look 53 00:03:10,330 --> 00:03:14,450 Ejaaz: very different to an actual phone. So a few differences I want to point out from the off. 54 00:03:14,590 --> 00:03:18,210 Ejaaz: This phone is rumored to not have any apps on it at all. 55 00:03:18,330 --> 00:03:24,830 Ejaaz: You will interact directly with an AI, presumably chat GPT, and you will feed it your data, 56 00:03:25,010 --> 00:03:29,290 Ejaaz: your thoughts, your intentions, and it'll either generate apps or user interfaces 57 00:03:29,290 --> 00:03:34,390 Ejaaz: on the fly, or it'll interact with other AI agents that will conduct the research process, 58 00:03:34,610 --> 00:03:37,910 Ejaaz: information retrieval, whatever you might need for you on your behalf. 59 00:03:37,910 --> 00:03:40,050 Ejaaz: So I'm describing here two different things. 60 00:03:40,210 --> 00:03:44,030 Ejaaz: One, a completely different operating system that is more engineered towards 61 00:03:44,030 --> 00:03:46,590 Ejaaz: the AI future or AI centric world. 62 00:03:46,770 --> 00:03:50,670 Ejaaz: And the other thing is a completely different hardware component system. 63 00:03:50,810 --> 00:03:53,770 Ejaaz: If you want to start serving this, you can imagine a few different things off 64 00:03:53,770 --> 00:03:57,370 Ejaaz: the back, which is normal phones are oriented around, you know, 65 00:03:57,450 --> 00:04:01,030 Ejaaz: running video, pictures, making sure apps can run optimally. 66 00:04:01,030 --> 00:04:04,690 Ejaaz: This one is going to be oriented around inference and making sure prompts are 67 00:04:04,690 --> 00:04:08,530 Ejaaz: processed and AI agents can run locally, that your data can remain private and 68 00:04:08,530 --> 00:04:12,230 Ejaaz: a bunch of other things around that. So I've written a summary here. 69 00:04:12,470 --> 00:04:15,350 Ejaaz: It's meant to allow OpenAI to win at the operating system level. 70 00:04:15,490 --> 00:04:19,290 Ejaaz: And what I like about this is there's no other frontier AI lab, 71 00:04:19,610 --> 00:04:22,830 Ejaaz: Namely Anthropic, that is going after the vertically integrated layer. 72 00:04:22,950 --> 00:04:27,730 Ejaaz: You have Google, which plays on every single layer of the stack for AI. 73 00:04:27,730 --> 00:04:31,370 Ejaaz: You have Apple that kind of fumbled the model building layer, 74 00:04:31,490 --> 00:04:34,050 Ejaaz: but has all the distribution through their hardware components. 75 00:04:34,170 --> 00:04:37,550 Ejaaz: And OpenAI has realized that probably quite early, actually. 76 00:04:37,670 --> 00:04:39,130 Ejaaz: I have to give Sam credit for this. 77 00:04:39,270 --> 00:04:42,930 Ejaaz: About a year and a half ago, he said in a very weird tweet that now, 78 00:04:43,030 --> 00:04:44,230 Ejaaz: in hindsight, makes a lot of sense. 79 00:04:44,650 --> 00:04:47,990 Ejaaz: I am not competing or OpenAI isn't competing with other AI labs. 80 00:04:48,170 --> 00:04:50,030 Ejaaz: We're competing directly with Apple. 81 00:04:50,370 --> 00:04:54,510 Ejaaz: And that is like an OG tweet. I need to find that. But it's making a lot more sense now. 82 00:04:54,710 --> 00:04:58,650 Ejaaz: Not only is he trying to produce an iPhone competitor or a killer, 83 00:04:58,830 --> 00:05:02,390 Ejaaz: but he's trying to create a range of different devices that can ingest your 84 00:05:02,390 --> 00:05:05,190 Ejaaz: data either passively or unintentionally, 85 00:05:05,630 --> 00:05:10,410 Ejaaz: feed it to ShadGPT and make it the greatest product experience vector that he can do. 86 00:05:10,750 --> 00:05:14,150 Ejaaz: Now, a few other things, because I had an immediate question around this, right? 87 00:05:14,790 --> 00:05:19,010 Ejaaz: How on earth are they going to deliver this in the first half of 2027? 88 00:05:19,230 --> 00:05:24,270 Ejaaz: OpenAI does not have the supply chain prowess that the likes of Google and Apple already have. 89 00:05:24,410 --> 00:05:28,790 Ejaaz: Well, the answer is they're going to be outsourcing this to a bunch of third-party users. 90 00:05:28,930 --> 00:05:36,170 Ejaaz: I believe it's LockShare, which also happens to be the packaging and assembler of Meta's Ray-Bans. 91 00:05:36,410 --> 00:05:40,850 Ejaaz: Now, if that's anything to go by, I'm not feeling quite confident at this point. 92 00:05:40,970 --> 00:05:45,750 Ejaaz: But there's also MediaTek and Qualcomm. MediaTek does a lot of the high processing 93 00:05:45,750 --> 00:05:49,970 Ejaaz: packaging for a lot of the GPU and NeoCloud assemblers. 94 00:05:50,310 --> 00:05:54,750 Ejaaz: And Qualcomm has had a lot of favor in the mobile phone market. 95 00:05:54,890 --> 00:05:58,570 Ejaaz: They have like Snapdragon, which runs in a bunch of Chinese phones specifically, 96 00:05:58,890 --> 00:06:05,090 Ejaaz: but they have the scale to help OpenAI operate this at a larger extent or to match with iPhone. 97 00:06:05,590 --> 00:06:09,750 Ejaaz: And the final thing is, what gives me hope, is Johnny Ive being in the mix here. 98 00:06:10,030 --> 00:06:11,830 Ejaaz: Josh, I know you probably have some strong thoughts about this, 99 00:06:11,950 --> 00:06:17,350 Ejaaz: but I think his design touch on top of this kind of like hardware scaling bet 100 00:06:17,350 --> 00:06:21,750 Ejaaz: will give them the best shot at, you know, at least competing with the iPhone 101 00:06:21,750 --> 00:06:23,630 Ejaaz: or whatever the next iPhone is going to be later this year. 102 00:06:23,870 --> 00:06:26,990 Josh: Yeah, it's so hard to imagine I would want to put another phone in my pocket 103 00:06:26,990 --> 00:06:30,170 Josh: that's not an iPhone. But if anyone's going to design it, it's going to be the 104 00:06:30,170 --> 00:06:31,830 Josh: guy who designed the iPhone. 105 00:06:32,130 --> 00:06:37,510 Josh: And I think this post says 2028. We actually have an update today from Ming, 106 00:06:37,510 --> 00:06:40,470 Josh: the analyst who is pushing these timelines up to 2027. 107 00:06:40,470 --> 00:06:45,150 Josh: In fact, it also gives us a few leaks of kind of the specs that we could expect 108 00:06:45,150 --> 00:06:48,070 Josh: inside of this phone. And this is something that's interesting too, because, 109 00:06:48,890 --> 00:06:51,510 Josh: we already know what's going to be in this thing. And it's amazing the supply 110 00:06:51,510 --> 00:06:53,230 Josh: chain and the leaks that are able to get out and stuff. 111 00:06:53,330 --> 00:06:56,570 Josh: But basically what this is saying is that it's going to be running on all of 112 00:06:56,570 --> 00:07:02,210 Josh: the cutting edge technology that you'd expect a Frontier iPhone 19 model this year to be running on. 113 00:07:02,330 --> 00:07:05,910 Josh: They have a deal with TSMC to create those two nanometer class transistors. 114 00:07:06,210 --> 00:07:09,010 Josh: That is the current state of the art. There is nothing better. 115 00:07:09,630 --> 00:07:13,170 Josh: They're using a lot of low power components. So I think one of the more important 116 00:07:13,170 --> 00:07:16,550 Josh: things for this phone, because ambient capture is going to be so important is 117 00:07:16,550 --> 00:07:18,490 Josh: energy efficiency over raw power. 118 00:07:18,610 --> 00:07:22,070 Josh: So it seems like some of these design choices they're using are for extended 119 00:07:22,070 --> 00:07:24,790 Josh: battery life. So it can be on all the time, constantly listening, 120 00:07:24,970 --> 00:07:28,310 Josh: constantly taking information. And you have to imagine this form factor. 121 00:07:28,730 --> 00:07:31,870 Josh: The reason they decided to go with it is because it's the only one that makes 122 00:07:31,870 --> 00:07:35,130 Josh: sense to be a true assistant throughout your day to day. 123 00:07:35,250 --> 00:07:39,890 Josh: It has the suite of cameras, the microphones, it has the accelerometers, 124 00:07:40,150 --> 00:07:41,530 Josh: it has the GPS baked into it. 125 00:07:41,690 --> 00:07:45,990 Josh: That's really difficult to include in this like suite of devices like the earbuds 126 00:07:45,990 --> 00:07:50,190 Josh: with a small puck so we have a lot of information on that we also have like 127 00:07:50,190 --> 00:07:52,790 Josh: you were mentioning the suppliers who they're going to be building with i mean 128 00:07:52,790 --> 00:07:57,810 Josh: these two nanometer chips are allegedly going in production in the second quarter of this year. 129 00:07:58,410 --> 00:08:01,370 Josh: That means these are going to start being made in the next couple of months. 130 00:08:01,490 --> 00:08:05,810 Josh: And we have deals with MediaTek, Qualcomm, TSMC, and Luxshare. 131 00:08:05,890 --> 00:08:08,290 Josh: And like you said with Luxshare, they do make Metis glasses, 132 00:08:08,530 --> 00:08:12,110 Josh: but they are also Apple's number two assembler behind Foxconn. 133 00:08:12,270 --> 00:08:16,790 Josh: They've built AirPods, the Apple Watch, and an increasing share of the iPhone. 134 00:08:17,010 --> 00:08:20,310 Josh: So they're using people who are basically the best in the world. 135 00:08:20,450 --> 00:08:24,410 Josh: They're using best-in-class components. And it's hard to imagine that this device 136 00:08:24,410 --> 00:08:25,950 Josh: isn't going to be excellent. 137 00:08:25,950 --> 00:08:31,050 Josh: It seems like foxconn is also involved which i didn't realize and foxconn currently 138 00:08:31,050 --> 00:08:34,910 Josh: they build open ai stargate services and for those who don't know foxconn has 139 00:08:34,910 --> 00:08:37,970 Josh: basically built every apple device you've used like foxconn makes all of the 140 00:08:37,970 --> 00:08:40,350 Josh: iphones a bunch of ipads macbooks the whole thing, 141 00:08:40,830 --> 00:08:45,050 Josh: foxconn has been building stargate service but now they're also going to be building those. 142 00:08:45,670 --> 00:08:49,450 Josh: Johnny i've designed devices while lux share takes the smartphone build so it's 143 00:08:49,450 --> 00:08:54,210 Josh: this crazy assembly manufacturing setup that they have where like i think it's 144 00:08:54,210 --> 00:08:55,590 Josh: actually going to work If any 145 00:08:55,590 --> 00:08:58,690 Josh: company is going to build a product like this, it's going to be OpenAI. 146 00:08:58,970 --> 00:09:01,870 Josh: They have the right people in place. They have the cutting-edge products. 147 00:09:02,450 --> 00:09:06,170 Josh: I guess the question is, are you actually going to want to put an OpenAI phone 148 00:09:06,170 --> 00:09:07,670 Josh: in your pocket instead of your iPhone? 149 00:09:08,150 --> 00:09:13,470 Ejaaz: That's an easy answer for me. Absolutely, yes. But I'm also a sucker for some of the new devices. 150 00:09:13,670 --> 00:09:17,330 Ejaaz: I'm not going to replace my iPhone, but I'm going to have it next to it. 151 00:09:17,390 --> 00:09:20,310 Ejaaz: Because I want to see what this new operating system is going to look like. 152 00:09:20,310 --> 00:09:23,190 Ejaaz: And to be honest, I don't think current mobile phones are built for what the 153 00:09:23,190 --> 00:09:26,230 Ejaaz: future of AI is going to look like or function as. 154 00:09:26,530 --> 00:09:29,230 Ejaaz: Yeah, if I'm going to be interactive, like look at Siri. Do you use Siri? 155 00:09:29,410 --> 00:09:32,770 Ejaaz: I sure as hell don't. And I want to be able to use a Siri-enabled, 156 00:09:32,790 --> 00:09:35,910 Ejaaz: I don't know, chat GPT that can do things for me and access all my apps so that 157 00:09:35,910 --> 00:09:38,210 Ejaaz: I don't have to scroll and tap into them, right? 158 00:09:38,510 --> 00:09:45,210 Ejaaz: Anyway, to your question around this has to work, I'm probably not as confident 159 00:09:45,210 --> 00:09:48,610 Ejaaz: that it can work or not as sure that it can work. 160 00:09:48,610 --> 00:09:51,490 Ejaaz: Because if you look at like this stack that they're building, 161 00:09:51,690 --> 00:09:55,870 Ejaaz: there's a lot of new things here, right? So OpenAI, ChatGPT is known for 162 00:09:56,310 --> 00:09:59,490 Ejaaz: Absolutely nailing the large language model architecture, right? 163 00:09:59,550 --> 00:10:01,190 Ejaaz: That's what they've made their bread and butter on. 164 00:10:01,270 --> 00:10:06,150 Ejaaz: What they haven't proven is that they can get it to function optimally on a small enough device. 165 00:10:06,290 --> 00:10:10,350 Ejaaz: Now, if there's one thing that Apple has all the experience on is hardware optimization. 166 00:10:10,390 --> 00:10:13,990 Ejaaz: So if anyone's going to know how to run locally run models, either on device 167 00:10:13,990 --> 00:10:16,590 Ejaaz: or through private cloud, because obviously there's a lot of data encryption 168 00:10:16,590 --> 00:10:17,610 Ejaaz: stuff that needs to happen there. 169 00:10:18,050 --> 00:10:21,070 Ejaaz: Apple has all the historical knowledge and expertise 170 00:10:21,070 --> 00:10:23,750 Ejaaz: to be able to potentially pull that off open air i'm not 171 00:10:23,750 --> 00:10:26,530 Ejaaz: entirely sure number two um open ai really 172 00:10:26,530 --> 00:10:29,470 Ejaaz: is trying to define like a new uh ai stack 173 00:10:29,470 --> 00:10:32,270 Ejaaz: here like an operating system um that's not only 174 00:10:32,270 --> 00:10:35,330 Ejaaz: going to be large language models that's going to be images and 175 00:10:35,330 --> 00:10:38,250 Ejaaz: image gen now they have the world's leading image 176 00:10:38,250 --> 00:10:41,010 Ejaaz: model which is great news right so they're going to combine these two things i 177 00:10:41,010 --> 00:10:43,890 Ejaaz: think um their dual architecture allows for like a vision language 178 00:10:43,890 --> 00:10:46,770 Ejaaz: model to work with an alarm which is going to be very cool but i'm 179 00:10:46,770 --> 00:10:49,770 Ejaaz: also curious like how are they going to function with the 180 00:10:49,770 --> 00:10:52,470 Ejaaz: camera ingestion in live time like like we're gonna 181 00:10:52,470 --> 00:10:55,290 Ejaaz: use this camera very differently with maybe it's not to like take pictures but 182 00:10:55,290 --> 00:10:58,610 Ejaaz: maybe it's like to show the llm what we're doing or what we're seeing and then 183 00:10:58,610 --> 00:11:02,470 Ejaaz: it can kind of address things there's a lot of newness is what i'm i guess i'm 184 00:11:02,470 --> 00:11:05,730 Ejaaz: trying to say at and i'm not entirely sure they can pull it off but i'm hoping 185 00:11:05,730 --> 00:11:09,690 Ejaaz: with johnny ive at the helm and again i'm a johnny i fan that he'll be able 186 00:11:09,690 --> 00:11:10,850 Ejaaz: to figure it out and pull it off 187 00:11:11,190 --> 00:11:14,810 Josh: Yeah. And I think I like to, the next thing I'm looking for with these leaks 188 00:11:14,810 --> 00:11:17,470 Josh: is confirmation that Johnny's actually going to be designing this phone. 189 00:11:17,590 --> 00:11:21,190 Josh: It seems like he is. I don't understand why they wouldn't put him and the Love 190 00:11:21,190 --> 00:11:24,670 Josh: From team, I guess the IO team in charge of designing this, but I want to make 191 00:11:24,670 --> 00:11:29,470 Josh: sure it's actually him or if this is actually a hedge against his screenless device is not working. 192 00:11:29,550 --> 00:11:32,030 Josh: So that's going to be an important thing to follow as we get more information. 193 00:11:32,210 --> 00:11:37,270 Josh: A lot of the next questions that I was asking myself is why are they doing this 194 00:11:37,270 --> 00:11:38,670 Josh: and why are they doing it so quickly? 195 00:11:39,030 --> 00:11:42,030 Josh: And I think there's a few reasons for this, right? Because when you think about 196 00:11:42,030 --> 00:11:46,030 Josh: the amount that they're going to be able to actually build, you said 30 million 197 00:11:46,030 --> 00:11:47,470 Josh: units is what they're kind of aiming for. 198 00:11:47,990 --> 00:11:53,170 Josh: 30 to 40 billion. So assume these costs, $1,000 a piece, which is kind of like a high end phone price. 199 00:11:53,770 --> 00:11:57,050 Josh: That's 30 to $40 billion of revenue over two years. 200 00:11:57,570 --> 00:12:00,930 Josh: Anthropic just made $25 billion of revenue in like the last few months. 201 00:12:01,050 --> 00:12:05,350 Josh: So I'm not sure how much is going to move the needle. And I have to assume this is probably for. 202 00:12:06,040 --> 00:12:09,700 Josh: The beginning of that hardware mode, but also the timing is funny because this 203 00:12:09,700 --> 00:12:11,180 Josh: is rumored to be when they want to IPO. 204 00:12:11,500 --> 00:12:15,760 Josh: And what better catalyst for getting people excited about your company than 205 00:12:15,760 --> 00:12:18,900 Josh: to build a new suite of hardware that can compete with Apple? 206 00:12:19,060 --> 00:12:21,580 Josh: Whether or not it actually does a good job, that is TBD. 207 00:12:21,860 --> 00:12:27,140 Josh: But I assume this is probably a nice, really big catalyst for them as they go into IPO season as well. 208 00:12:27,200 --> 00:12:30,360 Josh: And I just can't help but think that that has to play some sort of a role in it. 209 00:12:30,480 --> 00:12:33,120 Josh: And then there's also the business side where you could bundle subscriptions 210 00:12:33,120 --> 00:12:37,120 Josh: with it and they get developer ecosystems for the hardware and you get that hardware moat. 211 00:12:37,580 --> 00:12:41,300 Josh: But man, like Apple's got the hardware moat. And the problem is just a skill 212 00:12:41,300 --> 00:12:43,360 Josh: issue with software. They just can't build the software. 213 00:12:43,880 --> 00:12:45,720 Josh: OpenAI is approaching it from the other direction. Can they do it? 214 00:12:45,860 --> 00:12:49,080 Josh: I don't know. We'll be buying it. We'll certainly be trying to promise you that. 215 00:12:49,300 --> 00:12:53,180 Ejaaz: If it's around, we'll be buying it. But of course, like I want to take the bull 216 00:12:53,180 --> 00:12:55,440 Ejaaz: hat off for a second and talk about like some of the challenges here. 217 00:12:55,560 --> 00:12:58,460 Ejaaz: Like number one, we need to make sure that it actually ships in 2027. 218 00:12:58,960 --> 00:13:01,880 Ejaaz: Number two, we actually need to figure out whether people actually want this 219 00:13:01,880 --> 00:13:04,400 Ejaaz: thing. I know I do, but I'm a fan of AI in general. 220 00:13:04,580 --> 00:13:07,580 Ejaaz: Will the averages, will my mom and sister even be interested in this? 221 00:13:07,640 --> 00:13:11,640 Ejaaz: I think the allure of ChatGPT is good enough. You mentioned bundle subscriptions earlier. 222 00:13:11,800 --> 00:13:14,700 Ejaaz: I do think that is a good enough selling point versus like, hey, 223 00:13:14,800 --> 00:13:17,320 Ejaaz: we're launching a phone and we don't really know what to do with it. 224 00:13:17,700 --> 00:13:20,280 Ejaaz: And then I'm also thinking about Apple's response specifically, 225 00:13:20,280 --> 00:13:24,920 Ejaaz: because I know Apple is undergoing a very aggressive transition now to orient 226 00:13:24,920 --> 00:13:26,580 Ejaaz: themselves around the new AI world. 227 00:13:26,720 --> 00:13:31,980 Ejaaz: They've launched their new M5 chips, which is probably the best consumer device 228 00:13:31,980 --> 00:13:34,500 Ejaaz: components that can run AI on device. 229 00:13:34,720 --> 00:13:38,440 Ejaaz: And they've got a new guy at the helm, John Ternus, which is a hardware expert. 230 00:13:38,620 --> 00:13:41,100 Ejaaz: He's spent the last 35 years building Apple's hardware. 231 00:13:41,560 --> 00:13:44,600 Ejaaz: He should be the perfect person to build whatever that new device is. 232 00:13:44,720 --> 00:13:48,220 Ejaaz: So they're going up, it's David versus Goliath. And I don't know whether David's 233 00:13:48,220 --> 00:13:51,900 Ejaaz: going to win this particular battle, but it's interesting. 234 00:13:52,200 --> 00:13:54,840 Ejaaz: I think OpenAI will be able to pull something off. They have, 235 00:13:54,940 --> 00:13:56,960 Ejaaz: heck, they have enough in financing. 236 00:13:57,080 --> 00:13:59,900 Ejaaz: I think they're going to be raising how much in the IPO? I think it's like 70 237 00:13:59,900 --> 00:14:04,180 Ejaaz: to 80 billion, maybe even more at a $1.3 trillion valuation is the last that 238 00:14:04,180 --> 00:14:05,020 Ejaaz: I've heard on the rumor mill. 239 00:14:05,620 --> 00:14:07,620 Ejaaz: So if anyone's going to pull it off, it might be done. 240 00:14:08,750 --> 00:14:12,150 Josh: I hope they do. I think if I'm giving my personal take on this, 241 00:14:12,230 --> 00:14:14,210 Josh: I'm pretty bearish and pretty pessimistic on the phone. 242 00:14:14,910 --> 00:14:21,350 Josh: I can't imagine, like the amount of love and addiction that everyone has for 243 00:14:21,350 --> 00:14:23,450 Josh: their iPhone is so strong. 244 00:14:23,590 --> 00:14:27,470 Josh: And for open AI to come, especially when I'm flip-flopping, people are flip-flopping between Anthropic. 245 00:14:27,610 --> 00:14:31,730 Josh: We just filmed an episode on Codex when a month ago, we were saying Codex kind of stinks. 246 00:14:31,910 --> 00:14:33,970 Josh: The amount that people are flip-flopping between these services, 247 00:14:34,410 --> 00:14:39,050 Josh: the amount of kind of buy-in that's required to not only commit to open AI, 248 00:14:39,270 --> 00:14:43,830 Josh: but then transfer your phone that you've had for the last 15 years away from 249 00:14:43,830 --> 00:14:47,950 Josh: that with all of your iMessages and your social apps, that is going to be incredibly hard to do. 250 00:14:48,110 --> 00:14:51,570 Josh: And the auxiliary device pathway, the one that Johnny was making, 251 00:14:51,690 --> 00:14:54,730 Josh: the screenless devices, the accessories to the phone, that made sense. 252 00:14:54,790 --> 00:14:55,810 Josh: Compete directly with the phone. 253 00:14:56,190 --> 00:14:58,270 Josh: I feel confident they'll be able to bring it to market. 254 00:14:58,890 --> 00:15:02,150 Josh: Will people be able to buy it? Will people want it? I don't know. 255 00:15:02,290 --> 00:15:03,930 Josh: I don't think that's the case, But we'll see. 256 00:15:04,310 --> 00:15:08,430 Josh: We'll see. And that is one of many things that we are going to be kind of discussing 257 00:15:08,430 --> 00:15:11,010 Josh: as we uncover this roadmap as detectives. 258 00:15:11,150 --> 00:15:14,530 Josh: EJS, you's had your magnifying glass out recently, going through the job board 259 00:15:14,530 --> 00:15:17,770 Josh: listing, seeing what these companies have been up to. What have you found? 260 00:15:17,950 --> 00:15:21,250 Josh: What is in the roadmap for these companies as we progress, I guess, 261 00:15:21,350 --> 00:15:23,990 Josh: towards the OpenAI iPhone early next year? 262 00:15:24,170 --> 00:15:29,630 Ejaaz: Okay. So just to explain my logic, I was curious by, my curiosity was piqued 263 00:15:29,630 --> 00:15:31,050 Ejaaz: by this new phone, right? 264 00:15:31,310 --> 00:15:34,930 Ejaaz: And I was like, how can I convince myself that this is actually going to be 265 00:15:34,930 --> 00:15:37,110 Ejaaz: the thing? So I was like, well, let me look at the job postings. 266 00:15:37,210 --> 00:15:40,450 Ejaaz: If they're hiring for like, you know, a mobile phone engineer or whatever you 267 00:15:40,450 --> 00:15:43,930 Ejaaz: want to call it directly, then, you know, it's hint, hint, that's probably what they're working on. 268 00:15:44,390 --> 00:15:49,190 Ejaaz: But I ended up discovering a whole other goldmine, which is their entire product 269 00:15:49,190 --> 00:15:50,370 Ejaaz: roadmap, OpenAI specifically. 270 00:15:50,610 --> 00:15:53,390 Ejaaz: And I did the same with Anthropics over the next 24 months. 271 00:15:53,730 --> 00:15:57,170 Ejaaz: And what surprised me the most is both of these companies I thought would be 272 00:15:57,170 --> 00:15:59,070 Ejaaz: very similarly aligned in their strategy. 273 00:15:59,310 --> 00:16:01,810 Ejaaz: They're not. They're actually doing two very different things. 274 00:16:01,890 --> 00:16:04,850 Ejaaz: And I want to kind of like tell that story over the next couple of minutes. 275 00:16:05,070 --> 00:16:08,810 Ejaaz: So I looked at OpenAI and I have it displayed up here. I'm not going to walk 276 00:16:08,810 --> 00:16:11,330 Ejaaz: through the specifics, but I'll give you the general idea of what I found. 277 00:16:11,550 --> 00:16:15,850 Ejaaz: So there's around 330 job postings currently live as of today. 278 00:16:16,050 --> 00:16:20,150 Ejaaz: 100 got posted in the last week and a half. So OpenAI is really ramping this up. 279 00:16:20,270 --> 00:16:25,270 Ejaaz: Now, as you'd probably expect, 25 to 30 percent of these roles are roughly sitting 280 00:16:25,270 --> 00:16:29,190 Ejaaz: at the point where it's directly for AI-forward engineers. 281 00:16:29,330 --> 00:16:32,650 Ejaaz: So we're talking about researchers, engineers that can actually build and train 282 00:16:32,650 --> 00:16:35,990 Ejaaz: the model and make this thing actually useful for them. 283 00:16:36,290 --> 00:16:40,770 Ejaaz: 12 to 15% of the roles are specifically around infrastructure and engineering roles. 284 00:16:40,810 --> 00:16:45,770 Ejaaz: And this is where you see a subset of hardware-specific engineers that are focused 285 00:16:45,770 --> 00:16:47,610 Ejaaz: on devices specifically. 286 00:16:47,610 --> 00:16:52,490 Ejaaz: So one could assume that if OpenAI is building a mobile phone or a suite of 287 00:16:52,490 --> 00:16:55,990 Ejaaz: different devices, this is where the roles are being hired for. 288 00:16:56,110 --> 00:16:59,590 Ejaaz: And it takes up a non-trivial percentage of the available roles. 289 00:16:59,770 --> 00:17:03,070 Ejaaz: Now, when I look at a setback from this, right, this seems, I guess, 290 00:17:03,490 --> 00:17:05,510 Ejaaz: kind of surprising, but pretty obvious. 291 00:17:05,710 --> 00:17:08,590 Ejaaz: OpenAI underwent a code red over the last... 292 00:17:09,120 --> 00:17:12,140 Ejaaz: I was going to say six months, but it's literally only been like three or four 293 00:17:12,140 --> 00:17:15,000 Ejaaz: months. And it's crazy that they flipped the script with Anthropik so quickly. 294 00:17:15,800 --> 00:17:19,240 Ejaaz: But they've been able to undergo this process of change where they're hiring 295 00:17:19,240 --> 00:17:22,220 Ejaaz: for very compute intense research heavy things. 296 00:17:22,380 --> 00:17:25,220 Ejaaz: They've trimmed a bunch of their other efforts to focus on building the best 297 00:17:25,220 --> 00:17:26,500 Ejaaz: model, specifically the coding model. 298 00:17:26,720 --> 00:17:29,900 Ejaaz: And that is represented in what I'm seeing right now. 299 00:17:29,980 --> 00:17:34,480 Ejaaz: But there's a strategic move that I want to call out here, which is Sam made 300 00:17:34,480 --> 00:17:38,120 Ejaaz: a very big bet about a year ago, which is to go all in on compute. 301 00:17:38,120 --> 00:17:39,440 Ejaaz: Stargate specifically. 302 00:17:39,700 --> 00:17:44,860 Ejaaz: He also made a very big bet three months ago to go all in on coding AI specifically. 303 00:17:45,690 --> 00:17:49,230 Ejaaz: He's treating this like a warlord empire where 304 00:17:49,230 --> 00:17:52,710 Ejaaz: his entire like ancestral lineage depends 305 00:17:52,710 --> 00:17:55,670 Ejaaz: on this so he's not treating this like an enterprise company he's 306 00:17:55,670 --> 00:17:58,310 Ejaaz: not really treating this like he has an IPO coming up in a 307 00:17:58,310 --> 00:18:02,690 Ejaaz: few months he's like going all in it kind of reminds me of Larry Page where 308 00:18:02,690 --> 00:18:06,430 Ejaaz: he was quoted saying we're going to go all in and I'm willing to go bankrupt 309 00:18:06,430 --> 00:18:10,310 Ejaaz: losing this race but I can't afford to lose the race um Sam is approaching this 310 00:18:10,310 --> 00:18:14,190 Ejaaz: in a very similar manner um I don't know if you have any thoughts on OpenAI 311 00:18:14,190 --> 00:18:15,710 Ejaaz: specifically before I move to Anthropik, 312 00:18:15,810 --> 00:18:17,810 Ejaaz: Josh, but like this was like pretty revealing for me. 313 00:18:18,210 --> 00:18:22,550 Josh: Yeah, it seems like as they move forward, their focus is on Stargate and building 314 00:18:22,550 --> 00:18:24,150 Josh: like actual data centers. 315 00:18:24,350 --> 00:18:28,910 Josh: Their focus is on building more efficient code. And then their focus is on these hardware devices. 316 00:18:29,110 --> 00:18:32,530 Josh: And I guess these Johnny Ive devices, the IO devices that are shipping in parallel, 317 00:18:32,730 --> 00:18:35,050 Josh: seems like the timelines are pretty tight. 318 00:18:35,190 --> 00:18:38,130 Josh: And we might even get these before the end of this year. So I think those are 319 00:18:38,130 --> 00:18:40,810 Josh: probably the three pillars, right? It's just like the core software, 320 00:18:41,230 --> 00:18:43,530 Josh: the hardware, and then the infrastructure. 321 00:18:44,030 --> 00:18:49,130 Josh: And notably, missing from this is roles for alignment and safety, 322 00:18:49,130 --> 00:18:52,710 Josh: which seem to be in the minority here, if I'm correct. 323 00:18:52,930 --> 00:18:56,370 Josh: But that's not the case for Anthropic. Is that a correct assessment? 324 00:18:56,830 --> 00:19:02,590 Ejaaz: That is correct. But before we move on to Anthropic, Josh, there is 12% of job 325 00:19:02,590 --> 00:19:05,030 Ejaaz: postings are in another sector. 326 00:19:05,390 --> 00:19:07,910 Ejaaz: Can you guess which sector that is in OpenAI? 327 00:19:08,610 --> 00:19:11,250 Josh: Huh. Hopefully marketing. 328 00:19:11,550 --> 00:19:15,150 Ejaaz: They got to work on that. Think about a recent alliance or agreement that they 329 00:19:15,150 --> 00:19:17,610 Ejaaz: had to sign with a big government entity. 330 00:19:18,390 --> 00:19:19,930 Josh: Oh, is this government work? 331 00:19:20,150 --> 00:19:25,470 Ejaaz: Yeah, 12%. Whoa, interesting. Do you want to know where their second largest employee base is? 332 00:19:25,990 --> 00:19:27,050 Josh: Where? Is this the Pentagon? 333 00:19:27,530 --> 00:19:30,130 Ejaaz: Washington, D.C., dude. Oh, my God. Yeah. 334 00:19:30,370 --> 00:19:31,410 Josh: Wait, that's kind of crazy. Interesting. 335 00:19:31,710 --> 00:19:35,110 Ejaaz: Yeah, they've aggressively hired on the D.C. side, which kind of makes sense 336 00:19:35,110 --> 00:19:39,670 Ejaaz: because Sam has been a huge fan of kind of trying to lobby government entities 337 00:19:39,670 --> 00:19:45,130 Ejaaz: or just trying to lobby AI policies in general to become more favorable or AI favorable. 338 00:19:45,690 --> 00:19:47,990 Ejaaz: So it makes sense that he has the largest presence out there. 339 00:19:48,150 --> 00:19:51,750 Ejaaz: And Anthropic specifically doesn't. But yeah, we can move into Anthropic now. 340 00:19:52,290 --> 00:19:54,950 Josh: Okay, yeah, that's interesting. I had no idea. What is Anthropic working on? 341 00:19:55,270 --> 00:19:59,170 Ejaaz: Okay, so Anthropic has, thankfully, a much more well-laid-out website, 342 00:19:59,210 --> 00:20:00,750 Ejaaz: which can kind of fall through. 343 00:20:01,010 --> 00:20:03,970 Josh: And a lot of open roles. Everyone's saying AI is killing jobs, 344 00:20:04,150 --> 00:20:06,090 Josh: but man, these companies are hiring. 345 00:20:06,290 --> 00:20:10,770 Ejaaz: Did you hear the news? So some of the folks listening, Joshua and I are based on the East Coast. 346 00:20:10,770 --> 00:20:15,290 Ejaaz: And in New York specifically, Anthropik is currently about to buy one of the 347 00:20:15,290 --> 00:20:21,450 Ejaaz: largest office spaces that any tech company has ever bought in the most recent couple of years. 348 00:20:21,450 --> 00:20:24,750 Ejaaz: They're about to have a huge presence out here, and they're going to be focusing 349 00:20:24,750 --> 00:20:26,470 Ejaaz: on three specific roles. 350 00:20:26,630 --> 00:20:28,710 Ejaaz: Number one is go-to-market, obviously sales. 351 00:20:29,050 --> 00:20:34,290 Ejaaz: Number two, enterprise-specific. And number three, the finance bros. 352 00:20:34,290 --> 00:20:37,910 Ejaaz: They are going wholeheartedly into the financial services sector, 353 00:20:37,950 --> 00:20:43,950 Ejaaz: and they want every analyst, MD, and fund manager to be using Claude to direct 354 00:20:43,950 --> 00:20:45,110 Ejaaz: all their different workflows. 355 00:20:45,290 --> 00:20:49,510 Ejaaz: I don't know if you saw the news yesterday, Josh, but they just signed a $1.5 356 00:20:49,510 --> 00:20:54,290 Ejaaz: billion joint venture with Goldman Sachs, Blackstone, and I think it's Hellman 357 00:20:54,290 --> 00:20:59,330 Ejaaz: and Freed to basically integrate Claude into every single one of their portfolio companies. 358 00:20:59,330 --> 00:21:03,770 Ejaaz: We're talking about like 250 plus portfolio companies for Blackstone alone. 359 00:21:03,970 --> 00:21:07,790 Ejaaz: And the idea is Anthropics is going to shove a bunch of Anthropic engineers. 360 00:21:07,810 --> 00:21:11,910 Ejaaz: These are costly people, the most valuable people into these enterprises to 361 00:21:11,910 --> 00:21:15,110 Ejaaz: build custom workflows just so that they get hooked on Claude, 362 00:21:15,350 --> 00:21:17,370 Ejaaz: just so they get addicted on the LLMs. 363 00:21:17,490 --> 00:21:19,670 Ejaaz: And then the rest kind of like pays for itself, I guess. 364 00:21:20,300 --> 00:21:24,140 Josh: Okay first where is this building that they're buying i'm so curious i think it's the google. 365 00:21:24,140 --> 00:21:27,120 Ejaaz: Office in chelsea it's like a massive space 366 00:21:27,120 --> 00:21:32,360 Josh: Yeah nice and i definitely see i noticed the shift to move to financial services 367 00:21:32,360 --> 00:21:35,800 Josh: i've seen this a lot with claude recently yes in fact as we were recording this 368 00:21:35,800 --> 00:21:40,480 Josh: they just released an update to a finance for claude basically where they're 369 00:21:40,480 --> 00:21:43,580 Josh: releasing a series of different templates that can do a lot of different things 370 00:21:43,580 --> 00:21:45,320 Josh: as it relates to financial analysis. 371 00:21:45,540 --> 00:21:50,240 Josh: So it does models, it does spreadsheets, it does financial projections, 372 00:21:50,540 --> 00:21:53,760 Josh: it does all the things that you would hope a analyst would do. 373 00:21:54,200 --> 00:21:58,080 Josh: Claude is building these as kind of pre-templatized workflows that are built 374 00:21:58,080 --> 00:22:00,000 Josh: directly into co-work and Claude code. 375 00:22:00,160 --> 00:22:04,000 Josh: So if you want to get evaluation, if you want to get trajectories of pipelines 376 00:22:04,000 --> 00:22:06,180 Josh: or revenues, all that is now done within Claude. 377 00:22:06,260 --> 00:22:10,660 Josh: And I like the shift that we're kind of seeing into the financial services business. 378 00:22:10,700 --> 00:22:12,700 Josh: It's mostly been open since now. 379 00:22:12,840 --> 00:22:15,880 Josh: Perplexity is really the only one that's moved into financial services. 380 00:22:16,060 --> 00:22:19,040 Josh: They've tried that Bloomberg alternative. It's pretty good. But Claude moving 381 00:22:19,040 --> 00:22:21,460 Josh: into this. Yeah, here's the post right here of all the things that they're doing. 382 00:22:21,840 --> 00:22:26,080 Josh: KYC screener, statement and auditor. It's got all the tools, one click plug in, 383 00:22:26,660 --> 00:22:29,440 Josh: So it makes sense that they move to New York, get a little bit closer to Wall 384 00:22:29,440 --> 00:22:32,500 Josh: Street, and start moving into financials. This is, I mean, this is exciting. 385 00:22:32,600 --> 00:22:35,620 Josh: This is really cool, particularly when the market is ripping the way it is. 386 00:22:35,960 --> 00:22:41,540 Ejaaz: Yeah, it's so interesting that, like, both companies, probably at the same time, 387 00:22:41,760 --> 00:22:47,320 Ejaaz: have gone into becoming kind of like a sales and BD-driven business. 388 00:22:47,580 --> 00:22:50,600 Ejaaz: I thought the LLMs would just speak for themselves. But the truth is, 389 00:22:50,680 --> 00:22:54,720 Ejaaz: the technology and power is here. It's just not well enough dispersed, 390 00:22:54,760 --> 00:22:58,200 Ejaaz: and it's not going to diffuse until you handhold the people. 391 00:22:58,340 --> 00:22:59,940 Ejaaz: The blocker right now are humans. 392 00:23:00,200 --> 00:23:04,820 Ejaaz: The blocker is siloed data sets in all of these top enterprises and companies 393 00:23:04,820 --> 00:23:07,260 Ejaaz: that don't really know how to integrate the thing with AI. 394 00:23:07,380 --> 00:23:10,140 Ejaaz: And the AI is not smart enough to know how to integrate itself into it. 395 00:23:10,300 --> 00:23:13,820 Ejaaz: So it's kind of like a chicken and an egg problem, and Anthropic is taking the first step here. 396 00:23:14,160 --> 00:23:16,800 Ejaaz: OpenAI as well, they've signed a similar joint venture with similar companies 397 00:23:16,800 --> 00:23:20,160 Ejaaz: to basically put both of their products at the helm here. 398 00:23:20,160 --> 00:23:23,740 Ejaaz: If we go back to Anthropik in general, the point I want to make around these 399 00:23:23,740 --> 00:23:26,960 Ejaaz: roles is, listen, they have around the similar amount of roles that OpenAI is 400 00:23:26,960 --> 00:23:30,220 Ejaaz: hiring for, but the strategy that they're pursuing here is a bit different. 401 00:23:30,620 --> 00:23:34,360 Ejaaz: They are treating their company as an enterprise services company. 402 00:23:34,520 --> 00:23:40,260 Ejaaz: So they famously or infamously have not bought as much compute as OpenAI. 403 00:23:40,440 --> 00:23:43,760 Ejaaz: As I mentioned, Sam is like the conqueror. He's like, I need all the compute. 404 00:23:43,880 --> 00:23:47,280 Ejaaz: I'll lever it all up. And if it pays off, it pays off. and it is paying off 405 00:23:47,280 --> 00:23:50,600 Ejaaz: because now he can serve his Claude Mythos competitor, GBT 5.5, 406 00:23:50,900 --> 00:23:53,860 Ejaaz: to anyone and everyone. Claude Mythos is still restricted on the Anthropic side. 407 00:23:54,260 --> 00:23:57,520 Ejaaz: Anthropic is being more strategic. Their bread and butter, the majority of the 408 00:23:57,520 --> 00:23:59,660 Ejaaz: money that they have made so far and still, 409 00:23:59,840 --> 00:24:04,220 Ejaaz: I think it's something crazy like 70%, sorry, 60% of their revenue recently 410 00:24:04,220 --> 00:24:10,340 Ejaaz: comes purely from enterprise and they want to clearly seed that reputation and wrap it up even more. 411 00:24:10,480 --> 00:24:14,960 Ejaaz: They are focusing primarily on enterprises, which is why we don't see more of a consumer base. 412 00:24:15,100 --> 00:24:19,900 Ejaaz: You know, We've seen all the crazy social media spread around restrictions on 413 00:24:19,900 --> 00:24:20,940 Ejaaz: rate limits and stuff like that. 414 00:24:21,060 --> 00:24:24,080 Ejaaz: I think that's because they're just focusing wholeheartedly on enterprise customers. 415 00:24:24,180 --> 00:24:27,500 Ejaaz: They don't want to restrict them. I think they have like... 416 00:24:28,240 --> 00:24:32,440 Ejaaz: As of two weeks ago, they have like 500 to 1,000 clients that pay them well 417 00:24:32,440 --> 00:24:34,620 Ejaaz: over one to five million dollars per year. 418 00:24:34,820 --> 00:24:37,560 Ejaaz: If they can ramp that up, that's a lot of ARR, basically. 419 00:24:37,840 --> 00:24:40,260 Ejaaz: And they recently hit, what is it, 44 billion ARR? 420 00:24:40,460 --> 00:24:43,780 Josh: Yeah, pretty good business. And you could start to see the clear divide between 421 00:24:43,780 --> 00:24:46,500 Josh: these two companies as we go through these job boards and the rumor mills where 422 00:24:46,500 --> 00:24:50,000 Josh: OpenAI, they currently have the best image model. They're working on consumer hardware. 423 00:24:50,180 --> 00:24:53,200 Josh: They're building a lot for consumer, although they're working on their kind 424 00:24:53,200 --> 00:24:57,120 Josh: of commercial enterprise segment as well. But Anthropic is all in on enterprise, 425 00:24:57,360 --> 00:24:59,200 Josh: on financial services, on selling to businesses. 426 00:24:59,460 --> 00:25:02,460 Josh: And I think that's why we've seen their ARR go completely nuclear, 427 00:25:02,460 --> 00:25:06,340 Josh: because they're selling much larger ticket items to much more sticky customers 428 00:25:06,340 --> 00:25:10,880 Josh: that are going to stick around and endure 12, 24-month contracts with these 429 00:25:10,880 --> 00:25:13,260 Josh: companies. So it's interesting. It's fascinating. 430 00:25:13,520 --> 00:25:16,880 Josh: The hardware story to me is the most exciting. I cannot wait to get AI-first 431 00:25:16,880 --> 00:25:18,680 Josh: hardware. I hope it's good. 432 00:25:18,960 --> 00:25:22,500 Josh: I hope it's good. Like WWDC from Apple is happening next month, 433 00:25:22,600 --> 00:25:24,160 Josh: where hopefully Siri doesn't suck. 434 00:25:24,670 --> 00:25:28,430 Josh: The first AI first devices are going to be from OpenAI. 435 00:25:28,730 --> 00:25:31,390 Josh: And now the timeline might have moved up a little bit sooner. 436 00:25:31,550 --> 00:25:32,890 Josh: So that news at least is very exciting. 437 00:25:33,210 --> 00:25:36,890 Josh: This has been an investigative review of what is in store. 438 00:25:37,050 --> 00:25:40,710 Josh: I think the prompt for you guys is one, will you use an OpenAI phone? 439 00:25:40,810 --> 00:25:42,570 Josh: Like, will you swap your iPhone for this phone? 440 00:25:42,770 --> 00:25:45,690 Josh: And I know it's tough to tell without actually having it in your hands to see. 441 00:25:45,830 --> 00:25:47,710 Josh: But it seems like such a stretch. 442 00:25:48,110 --> 00:25:51,170 Josh: You just, what about you? Any final parting thoughts before we head out for the day? 443 00:25:51,550 --> 00:25:55,530 Ejaaz: I want to see the device. I want to see some visuals. You know why I feel this way? 444 00:25:55,810 --> 00:25:59,590 Ejaaz: Like, don't even give me the device. It's that dime advert with Alexander Skarsgård 445 00:25:59,590 --> 00:26:04,170 Ejaaz: or whatever, which, I don't know, turned out to be a fake or a dud or a Chinese pair of earbuds. 446 00:26:04,470 --> 00:26:07,990 Ejaaz: I need something from OpenAI. And they're the only ones that are leading it. 447 00:26:08,230 --> 00:26:13,250 Josh: So bad. Well, hopefully we get that before we get... Will we get a better Siri 448 00:26:13,250 --> 00:26:15,430 Josh: before we get an OpenAI hardware device? That's the question. 449 00:26:15,690 --> 00:26:18,110 Ejaaz: Who knows? Probably not. 450 00:26:18,310 --> 00:26:21,970 Josh: Probably not. But that is the episode for today. Ejos, thank you for all this 451 00:26:21,970 --> 00:26:25,750 Josh: investigative journalism and to the job boards here for giving us some guidance 452 00:26:25,750 --> 00:26:28,270 Josh: on all things OpenAI, all things Anthropic. 453 00:26:28,370 --> 00:26:31,150 Josh: If you enjoyed this video, don't forget to share it with a friend who might 454 00:26:31,150 --> 00:26:34,450 Josh: also enjoy this, who might also be interested in the crazy cool new hardware 455 00:26:34,450 --> 00:26:37,170 Josh: leaks that are coming. If you enjoyed, leave a comment down below. 456 00:26:37,930 --> 00:26:40,530 Josh: Subscribe on YouTube. Leave us a five-star review on wherever you listen to 457 00:26:40,530 --> 00:26:42,590 Josh: your podcast. And as always, thank you so much for watching. 458 00:26:42,790 --> 00:26:44,170 Josh: And we'll see you guys in the next episode.