THIS WEEK IN AI: Google's AI Laptop, Everyone Goes to China, Thinking Machines

This week, we saw Google’s new AI-focused laptop, Gemini’s growing role across Google services, and Google’s reported work with SpaceX on space-based data centers. 

We also cover Isomorphic Labs’ $2.1 billion raise, a Chinese mecha robot, and new developments from Thinking Machines Labs, Anthropic, OpenAI, and the Sam Altman-Elon Musk disputes.

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TIMESTAMPS

0:00 Googlebook
6:48 Google’s SpaceX Deal
10:51 Isomorphic Labs
15:19 Robot Giants
17:16 Thinking Machines
21:45 Anthropic’s Voided Deals
25:19 China Summit
29:56 Leopold Next

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RESOURCES

Josh: https://x.com/JoshKale

Ejaaz: https://x.com/cryptopunk7213

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

Creators and Guests

Host

Ejaaz Ahamadeen

Host

Josh Kale

What is Limitless: An AI Podcast?

Exploring the frontiers of Technology and AI

Josh:
Google just launched the first laptop built for AI and it's everything Apple

Josh:
said Siri would be and a lot more.

Josh:
It's pretty awesome. The signature feature is this thing called a magic pointer

Josh:
where you can wiggle your cursor over a date in an email and Gemini will schedule a meeting.

Josh:
You hover it over a living room and a new couch and Gemini will composite the

Josh:
two together and render what that would look like.

Josh:
You can ask it to plan a family reunion and it builds these live dashboards

Josh:
with the flights, hotels, and countdowns all built in natively to this new laptop

Josh:
they're calling the Google book.

Josh:
Now, if you'll remember from 2011, there was a little thing called the Chromebook

Josh:
that revolutionized how we use laptops forever.

Josh:
Today, we have some new innovations from Google that are going to do that once

Josh:
again for the AI era. This laptop is pretty amazing.

Josh:
And it's one of many things that was announced at Google's IO conference yesterday.

Ejaaz:
This was surprising to me for many reasons. Number one, we are a week away from

Ejaaz:
Google's flagship IO event where we were expecting all these major AI announcements.

Ejaaz:
And it seems like a week before they're giving us like three to four new updates. This is just the warmup.

Ejaaz:
Yeah, it's just the warmup. And I'm actually quite impressed.

Ejaaz:
So there was a sentence that was repeated twice across all of these announcements

Ejaaz:
yesterday by Google, which was.

Ejaaz:
We are moving from an operating system to an intelligence system.

Ejaaz:
Now, what that means is they're upgrading a traditional computer operating system

Ejaaz:
to something that is more compatible with AI agents or AI models in general.

Ejaaz:
It's a new way to interact in this new AI-powered world.

Ejaaz:
Now, if that sounds familiar, that's because OpenAI announced something similar

Ejaaz:
with the rumors of their upcoming phone, and we did an episode on that.

Ejaaz:
But anyway, back to Google. What did they release?

Ejaaz:
So on the hardware side of things, there's a brand new laptop,

Ejaaz:
which is engineered from the ground up to be suited towards Gemini,

Ejaaz:
their flagship AI model.

Ejaaz:
They also released a bunch of new software, which includes something called

Ejaaz:
Gemini Intelligence, which is basically their Gemini model, but actionable across

Ejaaz:
all the different apps, tools, and products, software products specifically, that Google has.

Ejaaz:
So if you understand the Google model, they're vertically integrated, right?

Ejaaz:
They have the model layer, the GPU layer, and they have all this amazing distribution

Ejaaz:
through Google Maps, G Suite, and a bunch of other, like Gmail as well.

Ejaaz:
So the point is, they created Gemini Intelligence to work across all of these things.

Ejaaz:
So if you wanted to order on DoorDash or if you wanted an AI agent to go scow

Ejaaz:
your email and figure out what books you need to order for your syllabus at

Ejaaz:
college, it can all do that seamlessly without you needing to prompt it on its own.

Ejaaz:
And then on the ecosystem side, one thing that I found interesting is they've

Ejaaz:
now made it incredibly easy to port over all your Apple products and software

Ejaaz:
data into the Google ecosystem, Which is something that is very Android,

Ejaaz:
very open source, which is what Google is, I guess, kind of known for.

Ejaaz:
But I'm excited about this. Now, the flagship product, I know you said it was the pointer, Josh.

Ejaaz:
For me, it has to be the laptop, this new Google book. It's pretty impressive.

Josh:
The Google Book is the natural extension of the Chromebook. Now,

Josh:
if you'll remember way back in 2011, 15 years ago, Google released the Chromebook.

Josh:
This was a $200 laptop that was available basically to anyone.

Josh:
It was the first time that a device that powerful was accessible to the rest of the world.

Josh:
And what happened was, is that the Chromebook kind of ate the software stack

Josh:
and they tried to make everything exist in the browser.

Josh:
So the Chromebook, if you remember, you can't actually download applications.

Josh:
Everything ran within Google Chrome. Now, the natural extension that is happening

Josh:
again with the Google book, where instead of the browser cannibalizing software,

Josh:
the AI is now cannibalizing the browser.

Josh:
And what we have as a result of this is this thing that Google is calling Gemini intelligence.

Josh:
And now Gemini intelligence is basically that baked in operating system into this new device.

Josh:
The Chromebook itself is fairly beautiful. It looks somewhat similar to a MacBook.

Josh:
If you're familiar with the MacBook Air, MacBook Pro, it's kind of a hybrid

Josh:
between those two. They're pricing it at about 200 to $500.

Josh:
So it's very competitive with the MacBook Neo, which is sitting just above its $600.

Josh:
And I have a feeling that a lot of people are going to be interested in this

Josh:
because of the native AI features built in.

Josh:
Now, what you'll notice throughout this video is a lot of these features are

Josh:
actually baked into being an extension of your phone.

Josh:
This currently works with Android phones. So if you are a Android user,

Josh:
this is probably an incredibly compelling product because in a way they're building

Josh:
the Apple ecosystem. They're building everything that Apple said they were going

Josh:
to do, but failed to deliver on in terms of software.

Josh:
And it serves as this really good companion to Android phones.

Josh:
Now, if you're an iOS user, this is probably more of a fun experimental laptop,

Josh:
but the MacBook Neo is still looking like it's a little bit more compelling than a laptop like this.

Ejaaz:
The other exciting thing is the cursor thing that you mentioned.

Ejaaz:
What I like about this is there's a lot more of a human feel about this feature.

Ejaaz:
So instead of using a cursor to click on things and then typing something to

Ejaaz:
action it or clicking on various different buttons,

Ejaaz:
this is more of a point and shoot type of feel where you can circle a particular

Ejaaz:
image or point at the crab, as you're seeing on this screen today,

Ejaaz:
and then you can voice what you want the Gemini AI assistant to do things for you.

Ejaaz:
Now, this is part of a broader theme that I'm noticing over the last couple

Ejaaz:
of weeks where certain AI labs this week was actually thinking machine labs started by Mira Murati.

Ejaaz:
They've started producing these new types of AI models that can ingest and produce

Ejaaz:
voice that understand what you see.

Ejaaz:
And it's not just LLM based. It's not just word based.

Ejaaz:
And I like that Google, who has been a leader in Omni models for a while,

Ejaaz:
is able to kind of put this into their products or embed this into their products

Ejaaz:
in a very seamless way. This looks fun and something that I would use.

Ejaaz:
To your earlier point, though, a lot of people are just mass users of Apple's

Ejaaz:
ecosystem and products.

Ejaaz:
It seems like Google is aware of that and they're making a concerted effort to focus on this.

Ejaaz:
So I've got a list here that I wrote up, which was the Apple target list.

Ejaaz:
So for the MacBook, you now have this Google book or this new AI laptop.

Ejaaz:
For iMessage and iPhone, there's a massive lock in here, but now you can do

Ejaaz:
a bunch of wireless transfer of this data.

Ejaaz:
AirDrop is something. that Google kind of hacked and prototyped about a month ago.

Ejaaz:
And so I feel like whilst Apple is kind of dawdling and twiddling their thumbs,

Ejaaz:
Google is slowly eating into their market share.

Ejaaz:
I mean, Apple signed this billion dollar a year partnership with Google to license

Ejaaz:
their Gemini model, and there's no signs of them creating their own base model.

Ejaaz:
So I feel like Google is now taking the moment a week ahead of their major announcements

Ejaaz:
to eat into Apple's market share.

Josh:
Yeah, I mean, it's pretty clear that Gemini is pivoting from an app to a full system layer.

Josh:
I mean, Gemini is now becoming the operating system of this new device layer.

Josh:
And these are the first series of devices that we're really seeing that are AI first.

Josh:
And a common conversation that we have on the show is what the new AI hardware stack will look like.

Josh:
What does that AI OS look like? And this is one of the first real physical manifestations

Josh:
of that being shipped out as a teaser, again, to Google I.O.,

Josh:
which is happening properly May 19th and May 20th. So we will be here to cover

Josh:
all of the news as it relates to that as soon as it drops.

Josh:
But this was not the only huge news coming out of Google this week.

Josh:
The second involves our pals over at SpaceX, who seem to be working together now for

Josh:
AI data centers in space. The trend that everyone has come to know and love.

Josh:
We know Anthropic last week, they just signed with XAI or SpaceX AI,

Josh:
I should say, to fulfill Colossus One and start using it for their own training

Josh:
data with the option to send data centers in space.

Josh:
Google is now hopping aboard. This is a pretty big deal in the world of SpaceX

Josh:
AI and the move to outer orbit with data centers.

Ejaaz:
Yeah, Elon has been busy, basically. He's realized that the demand for Grok,

Ejaaz:
XAI's product specifically, has been lower than he thought. So he's pivoted

Ejaaz:
a lot of the business lines.

Ejaaz:
You mentioned that he signed that deal with Anthropic last week,

Ejaaz:
where he's basically leased out his entire Colossus One data center to them for inference.

Ejaaz:
And so he's making about $5 billion from that.

Ejaaz:
And now the rumor is, or the breaking news here is that he's signing a new deal

Ejaaz:
with Google, whereby he is going to launch a bunch of their TPUs,

Ejaaz:
which is their own version of their GPUs out into space.

Ejaaz:
It seems like Google and Anthropic are realizing that SpaceX AI has some unique

Ejaaz:
advantages when it comes to scale that they can't achieve.

Ejaaz:
Google specifically in this deal is a cheaper highway to space.

Ejaaz:
Now, it does say in the announcements that they're looking at other providers

Ejaaz:
to do the same, but I think that that's basically a very weak hedge.

Ejaaz:
SpaceX is obviously the cheapest way to do this. And this isn't birthed out

Ejaaz:
of novelty, by the way. It's not just a trend thing.

Ejaaz:
Sundar Pichai about, I don't know, six months ago at this point,

Ejaaz:
announced that they're prototyping and already working on radiation-resistant

Ejaaz:
TPUs to put into outer space, but they need a way to get there.

Ejaaz:
So it's interesting that Elon is willing to allow them to pay the toll.

Ejaaz:
We mentioned this on previous episodes, he'll be the toll master,

Ejaaz:
and then they'll be competitive out in space itself.

Ejaaz:
Now, what I noticed, Josh, is...

Ejaaz:
Over the last two weeks recently, there seems to be a kind of AI alliance forming

Ejaaz:
amongst a bunch of these different companies.

Ejaaz:
It's between SpaceX AI, Anthropic, Tesla, Google, and Cursor.

Ejaaz:
And it's incredibly fulfilling for all parties involved.

Ejaaz:
So I wrote a list here, which is like, Google gets cheap access to space,

Ejaaz:
right? Plus the infinite energy that they can harness from the sun through solar power.

Ejaaz:
Anthropic gets 300 megawatts of inference compute from Colossus One.

Ejaaz:
SpaceX gets around five to $10 billion between the deals that they signed with Anthropic and Cursor.

Ejaaz:
And Cursor gets a flagship coding model because they get access to all the compute

Ejaaz:
that they couldn't afford necessarily themselves.

Ejaaz:
So it's a very symbiotic relationship between these companies.

Ejaaz:
And there's one noticeable AI lab that's left out of this, which is, of course, OpenAI.

Josh:
Yikes. It's a rough week to be open AI. Although it seems like in the court

Josh:
cases that we're going to get into a little bit later, they're doing all right.

Josh:
The polymarket has been going up for open AI chances of winning the case.

Josh:
But some key facts that I think might be noteworthy and important.

Josh:
EJ, if you'll remember, Google already owns 6.1% of SpaceX, the company.

Josh:
So Google is a very large shareholder in this company. They have a vested interest in making it work.

Josh:
If you'll also remember, Google has Project Suncatcher, which was announced

Josh:
in November of last year that we actually covered on an episode.

Josh:
And that is Google's existing space-based machine learning initiative.

Josh:
So they've been working on this technology for a while. They're also talking

Josh:
with these other rocket launch companies and working with Planet Labs,

Josh:
which is another satellite designing company to actually design the satellites

Josh:
that they're going to go in space with.

Josh:
And then as SpaceX goes public, one of the clearly stated missions that they

Josh:
have is to be the picks and shovels provider for this next space race.

Josh:
So there's a lot of converging energy that points to the fact that Google has

Josh:
been working on this for a long time.

Josh:
They just kind of officially penned a deal with SpaceX here

Josh:
to make it so that SpaceX is more inclined to want to

Josh:
send them and make sure that they reserve that space on these ships that

Josh:
I'm sure is going to be very precious given the

Josh:
amount of tokens that we're generating and overall really big news for Google

Josh:
really exciting for SpaceX AI I mean all of these things are pointing to an

Josh:
absolutely gigantic IPO there's no large tech lab outside of open AI that doesn't

Josh:
stand to benefit from SpaceX winning and I think that's going to be huge when

Josh:
they do go public sometime in a few months. We're getting pretty close.

Josh:
Now, there's more news on the Google side. Google is just having themselves

Josh:
an unbelievable week, this time coming in the form of a company that most people

Josh:
may not have heard of before called Isomorphic Labs.

Josh:
It raised $2.1 billion, which is a huge number.

Josh:
And the reason they were able to get that is because Demis Asabas,

Josh:
the CEO of Google DeepMind, he is at the helm of this.

Josh:
So they spun out, they raised a huge amount of money. And from what I understand,

Josh:
this company is pretty badass.

Josh:
This is like the biology copy of Google DeepMind. Is that right?

Ejaaz:
Yeah. So one of the major breakthroughs in AI that Demis Hussabes made pretty

Ejaaz:
early on is something known as protein sequencing.

Ejaaz:
So a big problem in science is we can understand and identify proteins,

Ejaaz:
but we need to understand the genetic makeup of these proteins because they

Ejaaz:
regulate how our bodies work.

Ejaaz:
And that can be attributed and applied towards cures to specific diseases.

Ejaaz:
So what he thought of was maybe if I apply this AI model to protein sequencing,

Ejaaz:
it'll be able to guess what the protein will eventually do. And he nailed it.

Ejaaz:
It's called Alpha Fold and Alpha Go. These are two separate AI models that basically

Ejaaz:
come together to produce that exact result.

Ejaaz:
And what they've ended up doing is it's being used by, I think,

Ejaaz:
300,000 frontier scientific researchers all over the world, globally, for free, by the way.

Ejaaz:
And they've discovered a host of new molecules which can potentially be formed

Ejaaz:
into applicable cures. And we're talking about cures to like major diseases

Ejaaz:
like Alzheimer's and cancer.

Ejaaz:
So the next step then is how do we actually create the drugs and distribute

Ejaaz:
the drugs to the mass audience, you know, the mass amount of patients that require

Ejaaz:
these types of cures. That is isomorphic labs.

Ejaaz:
And up until this day, it's kind of been internal to Google.

Ejaaz:
In fact, they acquired the company a while back and it's just kind of been incubated

Ejaaz:
for a while until this week where they announced that they are spinning it out

Ejaaz:
and raising 2.1 billion dollars.

Ejaaz:
It's being led by, I believe, Thrive Capital and their flagship model,

Ejaaz:
which has a very weird name, which I'm not going to try and remember.

Ejaaz:
It is ISO DDE.

Ejaaz:
Very, you know, very catchy term that is basically able to identify a host of new molecules.

Ejaaz:
They've already proven that already. And the idea with this money is they're

Ejaaz:
going to scale this out into human trials and start releasing,

Ejaaz:
hopefully, the first bunch of cures over the next couple of years.

Josh:
I like the name ISODDE, the isomorphic AI drug design engine.

Josh:
It's a mouthful, but it gets the job done. And tell me if this is wrong.

Josh:
I was trying to figure out what this company does in summary for people who

Josh:
are novices in the world of biology.

Josh:
And my understanding is that proteins are the machines that run pretty much

Josh:
every process in your body.

Josh:
And then drugs work by binding to specific proteins, neither turning them on

Josh:
and off. And that's the entire thing. They're either on, off, or they're blocked.

Josh:
So what isomorphic labs does is it uses AI to

Josh:
predict exactly how a protein folds into its 3d

Josh:
shape and you mentioned protein folding that actually won um demesis

Josh:
abbas the nobel peace prize in 2024 or the

Josh:
nobel prize not the peace prize nobel prize in chemistry um for

Josh:
alpha fold 2 so these are people who have really established

Josh:
themselves in this industry and now are using ai to apply it to

Josh:
the frontier so using these ai models they then

Josh:
design a molecule that's custom built to slot into

Josh:
every one of these proteins kind of like a key into a lock and

Josh:
that unlocks the ability to turn them on turn them

Josh:
off or block them in ways that can basically manipulate the human body

Josh:
into doing a lot of pretty sci-fi-esque things it starts with blocking diseases

Josh:
but turns into i mean eventually allowing us to do things like see infrared

Josh:
light with our eyes and kind of turn us into superhumans so this is a really

Josh:
compelling technology that is being led by the guy like if there is a guy to do this it is demis and

Josh:
co and this two billion dollar investment is hopefully going to really accelerate

Josh:
the progress towards this yeah

Ejaaz:
I mean he's been obsessed with this for decades now so it doesn't surprise me

Ejaaz:
that he's the guy to birth this product um to to give an even simplified version

Ejaaz:
of what you just described josh.

Josh:
It's like when

Ejaaz:
You look at a disease it's usually bad because it can plug into like a cell

Ejaaz:
a hole imagine like a keyhole in your body right and it causes havoc what this

Ejaaz:
model does is it identifies the keyhole,

Ejaaz:
can create a blueprint for a protein that can fill that keyhole and block the

Ejaaz:
bad guy from connecting to that keyhole.

Ejaaz:
That's like a super, super dumbed down version.

Ejaaz:
And it sounds simple when I put it like that. It is incredibly hard to do because

Ejaaz:
of all the molecules that need to be put together in the exact same formation

Ejaaz:
and then to mass produce that as a cure.

Ejaaz:
So what they're doing here is pretty remarkable.

Ejaaz:
But moving on, Josh, in the land of sci-fi, that story kind of like hits pretty high up.

Ejaaz:
But what if I told you that there's a real life mecca that you can buy for $50,000,

Ejaaz:
a mecca robot that you can jump into and walk about New York City in.

Ejaaz:
How do you feel about that?

Josh:
I used to watch Power Rangers. I feel like this is something you'd see in like

Josh:
Power Rangers where they're just jumping into the suit and walking around as robots.

Josh:
This is an interesting launch for people who are listening.

Josh:
We're looking at literally a mecca robot and there's this man who is climbing up into the cockpit,

Josh:
strapping himself in and is now moving around in what i

Josh:
assume is what like 20 feet tall 25

Josh:
feet tall it weighs 500 kilograms and it

Josh:
is a really impressive looking robot what i find most interesting about this

Josh:
is the concluding sentence of this post which says please everyone be sure to

Josh:
use the robot in a friendly and safe matter as the robot leans back on his hind

Josh:
legs and now walks in all fours.

Josh:
This is pretty crazy sci-fi-esque.

Josh:
I think this is a testament to

Josh:
China being, you know, pretty cracked when it comes to making robots,

Josh:
but also a testament to kind of like what the devices of the future could look

Josh:
like. This is a pretty weird one.

Ejaaz:
Yeah. So this thing weighs like well over a thousand pounds.

Ejaaz:
And I was thinking, why on earth like would someone like use this thing?

Ejaaz:
And I think the answer is simply because just because, right?

Ejaaz:
So China has for a long time led the robotics industry, not because they have

Ejaaz:
like an amazing lead in robotics models specifically, but the hardware.

Ejaaz:
They always nail it and they can scale it out pretty massively.

Ejaaz:
And they've been experimenting with this stuff for a while.

Ejaaz:
So where we sit right now is this robot costs you about $50,000.

Ejaaz:
I saw a hilarious tweet yesterday, which was like, what do you want more?

Ejaaz:
Do you want to put a deposit down on a Ferrari?

Ejaaz:
Or do you want to buy this robot? A lot of people replied, I would rather buy this robot.

Ejaaz:
The friendly thing is weird, because in this demo, they literally show this

Ejaaz:
robot knocking down a brick wall. So I don't know what they're trying to get out here.

Ejaaz:
But moving on, we have some news from Thinking Machines Labs.

Ejaaz:
Now, if that's not a name that you've heard for a while, that's because this

Ejaaz:
is a company that was hyped a lot when it was announced.

Ejaaz:
And it was Mira Murati, which was a former co-founder and pretty high.

Ejaaz:
She was the CTO at OpenAI who left to found this salad.

Ejaaz:
She raised the biggest ever seed round. I believe it was like $15 billion or

Ejaaz:
something crazy like that.

Ejaaz:
And then it was Radio Silence. We haven't heard anything from them for about

Ejaaz:
a year and a half to almost two years.

Ejaaz:
And finally, this week, they released their new model.

Ejaaz:
And I'm pleased to say that it's not like every other model that we speak about

Ejaaz:
typically on the show. It's not an LLM.

Ejaaz:
It's something pioneering and new called an interaction model.

Ejaaz:
Now, this model is unique in one specific way, which is, it is, what's the term?

Ejaaz:
I guess it's like unimodal. So the way it works is it can hear what you hear,

Ejaaz:
see what you see, and it can speak to you all at the same time.

Ejaaz:
Now, typically, when you speak to an AI model, when you interact with an AI

Ejaaz:
model, there's a harness around it. It kind of acts like a walkie talkie.

Ejaaz:
So if you notice, if you speak to OpenAI's chat GPT, if you interrupt it,

Ejaaz:
it kind of stops and it forgets what it was saying.

Ejaaz:
And it kind of it's like the visual analogy is like as if it has like earmuffs on.

Ejaaz:
So once you start speaking, it kind of like, once it starts speaking,

Ejaaz:
sorry, it doesn't hear what you say.

Ejaaz:
But this particular model, as they demonstrate here in this demo,

Ejaaz:
and we're going to show you a few more, basically is very universally interactive as a human.

Ejaaz:
And the point that they're making here is it's a new type of model that can work with you.

Ejaaz:
It's meant to be an AI agent that feels and thinks more human,

Ejaaz:
and that you can actually work with in your daily workflow, or whether you're

Ejaaz:
using software, or whether you're doing things in real physical life.

Ejaaz:
So it's a pretty cool model.

Josh:
Yeah, I think one of the constraints with a lot of models is that it feels like

Josh:
that walkie talkie where you can talk to it or you can listen,

Josh:
but you can't do both at once.

Josh:
This fixes that. And it also solves a huge question mark that a lot of the industry

Josh:
had, which is what is Mira working on?

Josh:
Mira and Ilya, two of the co-founders of OpenAI that left to build their own

Josh:
companies. We have thinking machines. We have safe super intelligence.

Josh:
We now have the answer to what one of them is building. And I have to be honest,

Josh:
it felt a little underwhelming.

Josh:
It is a they call it an omni model and

Josh:
it's very impressive by nature it's it processes audio

Josh:
video and text simultaneously and it takes these they pride

Josh:
themselves on 200 millisecond micro turns meaning it can listen while it talks

Josh:
very very quickly and respond very quickly having being able to interrupt more

Josh:
naturally meta a few hours after shipped something somewhat similar to this

Josh:
after the team from thinking machine said this was kind of impossible yeah the

Josh:
meta ai voice conversation power.

Josh:
So literally within hours of Mira's company producing this and saying,

Josh:
we created this unbelievable breakthrough, Meta was like, no, no, no, not so fast.

Josh:
We actually figured out the same exact thing you have. And to me,

Josh:
this is a little discouraging because Mira and Ilya were supposedly working

Josh:
on these moonshots, these things that would really push the frontier forward.

Josh:
What we got is just a, sure, it's a piece of frontier technology,

Josh:
but at a very narrow context of a use case that I'm sure other companies will

Josh:
commoditize. So it's interesting, nonetheless, it is best for today.

Josh:
But I know a lot of companies, specifically OpenAI, are really working hard on that

Josh:
voice interface and they really want to perfect it because they have those hardware

Josh:
devices coming and the primary interface is likely going to be voice and that's

Josh:
going to be a huge focus so for thinking machines to continue progress down

Josh:
this route they're they're going to have their work cut out for them i

Ejaaz:
Think it's just hard man like as you mentioned like the the omni model specifically

Ejaaz:
isn't unique to thinking machines google's pioneered it open air is working

Ejaaz:
on it anthropics doing the same thing also the model size of this thinking machines

Ejaaz:
model is 12 billion parameters.

Ejaaz:
Now, if you're familiar with like some of the more bleeding edge models,

Ejaaz:
they're around 1.5 trillion parameters, if you want to believe the rumors around Claude Mythos, right?

Ejaaz:
So the point is, parameters or size does matter.

Ejaaz:
And you need to embed intelligence as much as you can into the actual foundational

Ejaaz:
model before it actually ends up becoming useful.

Ejaaz:
That being said, these demos do look encouraging.

Ejaaz:
And if this is something that they can achieve with such a small model,

Ejaaz:
I look forward to seeing what a model two to maybe five times bigger than this actually operates as.

Ejaaz:
So, you know, I'm still going to cross my fingers and hope that they produce something cool.

Ejaaz:
But the point is, like, it's hard for smaller labs, even if you have a famous

Ejaaz:
co-founder and you've raised a ton of money to actually do something impactful.

Ejaaz:
The bigger AI model labs are like completely running away with it.

Ejaaz:
And it's hard to catch up at this point.

Ejaaz:
And speaking of this hype, obviously, there's a lot of investor demand to try

Ejaaz:
and get access to some of these top model labs, namely the ones being Anthropic and OpenAI.

Ejaaz:
And there was a specific story this week concerning Anthropic.

Ejaaz:
Where it all started off with this one tweet from this lady called Ash Aurora, where she goes,

Ejaaz:
simply brokering an Anthropic secondary deal made me more money than my entire

Ejaaz:
net worth from working in my 20s. This is insane.

Ejaaz:
Now, what she's referencing is Anthropic has raised a series of rounds,

Ejaaz:
equating to like hundreds of billions of dollars.

Ejaaz:
And that is the equivalent of investing in Anthropik before it goes public.

Ejaaz:
Now, of course, these rounds are reserved exclusively for specific partners.

Ejaaz:
It's not applicable or accessible to you and me or the general retail public.

Ejaaz:
That's why it's private versus public.

Ejaaz:
Now, what can happen is there's an entire secondaries market where the people

Ejaaz:
who are contributing or investing in Anthropic Grounds who have been blessed

Ejaaz:
with the crown can basically syndicate their allocation out to regular people

Ejaaz:
who Anthropic hasn't necessarily improved.

Ejaaz:
And this creates a structure known as the SPV, which is quite common in the

Ejaaz:
investing realm, where you or I could get access to invest in Anthropic,

Ejaaz:
but it's not officially on the cap Timmel, but it's through someone who actually

Ejaaz:
does have access or allocation to it.

Ejaaz:
And if you are able to broker such a deal, you can usually get a percentage

Ejaaz:
upfront fee based on that.

Ejaaz:
And because Anthropic is the biggest, hottest AI lab right now,

Ejaaz:
and they're raising billions of dollars, that could equate to like a couple

Ejaaz:
million if you're like playing your cards right.

Ejaaz:
She announced this. And almost immediately after, there was an update to Anthropic

Ejaaz:
support page where they go,

Ejaaz:
any sale or transfer of Anthropic stock or any interest in Anthropic stock that

Ejaaz:
has not been approved by the board of directors is void and will not be recognized

Ejaaz:
on our books and records.

Ejaaz:
And this led to an absolute crash out on X, because obviously,

Ejaaz:
I'm assuming quite a bunch of people have invested in these dodgy SPVs,

Ejaaz:
and they haven't been basically able to confirm that they have investment contracts in Anthropic.

Ejaaz:
And if Anthropic actually goes through with this and voids all their contracts,

Ejaaz:
their money may end up in the ethosphere, and they may not have actual ownership of Anthropic at all.

Josh:
Yeah, it's a little concerning. And the same also happened with OpenAI,

Josh:
where OpenAI went ahead and said, hey, actually, we're doing the same thing.

Josh:
If you didn't acquire these legitimately, these are not yours to own,

Josh:
and we are going to take action to prevent you from owning them.

Josh:
Now, this is a big problem because a lot of money has changed hands.

Josh:
And a lot of these platforms are actually fairly popular platforms.

Josh:
I mean, Forge Global was one of them.

Josh:
Hive is one of them. These are commonly places where retail investors will go

Josh:
to in order to source these funds.

Josh:
And now Anthropic and OpenAI went ahead and said, these are actually invalid.

Josh:
You can't do this. we will negate the ability to redeem these for actual shares

Josh:
in the future when they go public.

Josh:
So it's an interesting conversation that leaves a little bit of a bad taste because

Josh:
Like, man, go public then. You guys have been building so much wealth and you

Josh:
want it to be aligned. And yet that alignment isn't offered to the public. That sucks.

Josh:
But then there's also the issue that I see where these tokens are being,

Josh:
or the shares are being tokenized on chains like Solana and being traded at

Josh:
a $1.5 trillion valuation.

Josh:
And they're speculating on a market cap that doesn't even exist.

Josh:
And it's not public. I mean, Anthropic is just now rumored to raise $30 billion

Josh:
at a $900 million valuation.

Josh:
So when they published this, it at least recalibrated the market,

Josh:
where a lot of the speculation that was happening on secondaries kind of cooled

Josh:
off a little bit. And maybe that's mission accomplished. We'll see.

Josh:
We'll continue to follow this along with all the IPO progress.

Josh:
Now, there is some more big news this week that doesn't relate to any of these

Josh:
companies, but instead, the CEO of SpaceX AI, who is on a plane currently that

Josh:
just touched down in Beijing.

Josh:
This is like the avengers donald trump has assembled

Josh:
the top people in the country to go

Josh:
visit xi jinping to talk business and

Josh:
there's a few goals that are here on the timeline so

Josh:
they're looking to rebalance trade prioritizing reciprocity and fairness to

Josh:
restore american economic independence a lot of this is going to be kind of

Josh:
legal jargon but basically the idea is that they're going to kind of put some

Josh:
pressure on g to make changes that improve the quality of life of America and

Josh:
hopefully make some deals.

Josh:
Now, one of the big things that's obviously going to be discussed is Iran,

Josh:
getting China to push Tehran to open up that Strait of Hormuz and initiate a peace deal.

Josh:
This would be great for markets. This would be great for energy prices because

Josh:
this current blockade is spiking energy prices around the globe.

Josh:
A big conversation is also going to be held around rare earth supply because China has a lot of this.

Josh:
And then generally setting up some framework for these like bilateral AI discussions,

Josh:
Particularly what I would assume around AI risk and safety, which Elon cares deeply about.

Josh:
And also Jensen Huang does because he's working on

Josh:
Open source version that is leading the American race. They're both there along

Josh:
with Larry Fink and a lot of other profound business leaders in America.

Josh:
And it's funny, it feels like watching this video or watching the Avengers touchdown in a foreign land,

Josh:
ready to go to business and to sign some hopefully big deals that can really

Josh:
impact the US positively and can perhaps find some peace in this all out war

Josh:
that we are facing with China on the AI progress.

Ejaaz:
I can't imagine it's a coincidence that he chose Elon and Jensen specifically

Ejaaz:
to accompany him on the flight and touchdown and make that visual presence confirmed.

Ejaaz:
Both of these guys have been,

Ejaaz:
pretty pro-China versus all the other kind of tech moguls.

Ejaaz:
Like Elon sold Tesla in China for the longest amount of time.

Ejaaz:
Like he had a big market out there.

Ejaaz:
And of course, Jensen has tried his hardest to sell NVIDIA GPUs out there.

Ejaaz:
And the reason that he stated for selling GPUs specifically is it's important

Ejaaz:
to know how advanced China is.

Ejaaz:
And the best way to do that in AI specifically is to know what the goods are

Ejaaz:
that they're training their AI models are. specifically if they train on American

Ejaaz:
hardware, we know how good technically their AI models are.

Ejaaz:
Now, the big issue obstacle that he ran into recently is Trump said,

Ejaaz:
no, we're going to ban this completely.

Ejaaz:
It is an AI war against China and we need to leave them in the dust and we need

Ejaaz:
to onshore all manufacturing processes, GPU onshoring all into America.

Ejaaz:
Now, of course, that's going to take a bunch of time and China has like a massive lead for this.

Ejaaz:
So they're in this conundrum where like, China's seeing this,

Ejaaz:
they want to buy the GPUs, but now they're realizing that America basically wants to play hardball.

Ejaaz:
And they're like, you know what, we actually don't need you.

Ejaaz:
And so for the last month, China's actually put, the Chinese government specifically

Ejaaz:
has put a mandate on all their top AI labs to use Chinese hardware and GPUs

Ejaaz:
to basically train their models.

Ejaaz:
And the latest version of DeepSeek and Kimi K2 from Moonshot Labs are all trained

Ejaaz:
on Huawei GPUs or largely served through Chinese GPUs.

Ejaaz:
And guess what? The models are pretty damn good. DeepSeq v4 and 4.1,

Ejaaz:
which is coming out pretty soon, is as good as Claude Opus 4.7,

Ejaaz:
but a lot, lot cheaper and quite quick as well.

Ejaaz:
So the point being is, I think Trump's a little nervous.

Ejaaz:
I think he wants to kind of like make amends.

Ejaaz:
And of course, Jensen's there because he wants to tap into one of the biggest

Ejaaz:
markets outside of the West who are going to buy his GPUs and push his company

Ejaaz:
well above $6 trillion valuation. I believe they hit $5.5 trillion on this news today.

Josh:
In addition to all the serious conversations, there are some pretty good memes

Josh:
that are happening around this as well. The boys getting dinner is one of them.

Josh:
I mean, the AI photos are just great. Tim Cook is there next to Elon.

Josh:
Trump and Xi Jinping all wearing some tank tops.

Ejaaz:
Jensen's wardrobe.

Josh:
Jensen's wardrobe. Leather jackets only. That's all he wears.

Josh:
And then we also have this really fun polymarket. And it's so ridiculous.

Josh:
Everything is a polymarket nowadays, I swear. Which is, will Trump and Xi kiss at the summit? it.

Josh:
And then the actual parameters for what makes this possible are really funny.

Josh:
A qualifying kiss is defined as an in-person greeting or gesture involving the

Josh:
lips of one individual touching another individual.

Josh:
It's so ridiculous. This is trading at 1%. So if you believe that there will

Josh:
be some touching, there's a 99x upside on this market, which it's just ridiculous.

Josh:
But it's a testament to how fun Polymarket is and how you can really use it

Josh:
as a source of truth as you navigate this crazy whirlwind.

Josh:
Thank you so much to Polymarket for sponsoring this part of the episode now

Josh:
we also have one last update from the court trials between sam altman and elon

Josh:
musk we have some leaked texts from satya nadella basically after sam got fired

Josh:
he came back to open ai but the contingency was that they needed to decide who

Josh:
the new board of directors was there are some updates none super noteworthy

Josh:
this week we're going to continue to keep our fingers on the pulse wait wait

Ejaaz:
Wait wait josh didn't you see the the other text surely you missed this one.

Josh:
From sam altman let's see just finished the latest limitless episode again still

Josh:
the best podcast in the world

Ejaaz:
Wow.

Josh:
We're being dropped in the court filing to which Satya Nadella replies,

Josh:
you say that every week. And Sam says, because it's true.

Josh:
Flattery will get you a guest spot, not more compute. That's so funny.

Ejaaz:
You know how I know AGI has achieved? Because they were able to quote Limitless

Ejaaz:
back at a time where Limitless didn't even exist. So it's pretty impressive.

Josh:
AGI has arrived. But with that little meme of the day, thank you all so much

Josh:
for watching. You'll notice that this episode is a day early.

Josh:
And that is intentional because we are monitoring the situation.

Josh:
There's a Mr. who goes by the name of Leopold Ashenbrenner, who is publishing a 13F filing.

Josh:
Now, Leopold, the guy who turned 1.5 billion into 6 billion,

Josh:
probably one of the most profound AI investors today, is releasing the filing

Josh:
of the new holdings that he has.

Josh:
And we are waiting at the edges of our seats because it's supposed to be coming by Friday.

Josh:
That way, we can be ready to record and publish an episode about all of the

Josh:
holdings and all of the new meta that people are going to be investing in over the next quarter.

Josh:
So keep your eyes peeled for that. it's coming, it's going to be exciting,

Josh:
and it is sure to move markets when it does release.

Ejaaz:
Yeah, I'm super excited about this one. It was one of our most watched episode.

Ejaaz:
And, you know, Josh and I, if you've been watching the show for any length of

Ejaaz:
period of time, are obsessed with which stocks to own, mainly because we're

Ejaaz:
such bad traders ourselves. And so we need to know which ones to buy.

Ejaaz:
So if you don't want to get FOMO, definitely tune into that episode.

Ejaaz:
We will be the first ones to release that.

Ejaaz:
But aside from that, that is

Ejaaz:
all we have for you this week. We'll be bringing you more news next week.

Ejaaz:
But until then, we will see you on the next episode thanks.

Josh:
So much for watching, see you guys