Subscribe
Share
Share
Embed
Technology's daily show (formerly the Technology Brothers Podcast). Streaming live on X and YouTube from 11 - 2 PM PST Monday - Friday. Available on X, Apple, Spotify, and YouTube.
SpaceX IPO under the Christmas tree, 1,500,000,000,000.0 for the big man, for Elon Musk. He's gonna raise $30,000,000,000, something like that. That's an incredibly small amount of dilution if he actually goes out at 1,500,000,000,000.0. I thought he hated
Speaker 2:Just 1
Speaker 1:point five.
Speaker 2:Just 1.5.
Speaker 1:Just 1.5. Just 1,500,000,000,000.0. He said the biggest number because you know that there was a whole, like, leak. I think it was in Reuters, OpenAI going out at 1,000,000,000,000. You gotta go a little bit higher.
Speaker 1:What's just a little bit higher? He should've done he should've done 1.1. I'm gonna IPO at 1,100,000,000,000.0. Really stick it to Sam. But Yep.
Speaker 1:He didn't. He says he's going out at one point five.
Speaker 2:He's gotta leave some room for the for the first day pump.
Speaker 3:Yes. Right?
Speaker 1:Get it up to two. Get it up to three.
Speaker 2:Yep.
Speaker 1:I mean, in terms of companies that should benefit from the space economy, like, is this not the NVIDIA of space? Like, what other company is there? It's the space company. It's SpaceX. 30,000,000,000 coming in.
Speaker 1:Company was doing great. Launch launch pro launch product is fantastic. The rockets go up. They come down.
Speaker 2:They're putting sonic booms over Montecito.
Speaker 1:Apparently. But I I I think the the actual launch market for anything but satellites, but for anything but data centers has just been a little small. And so Starlink has been the big unlock, of course, for SpaceX. Massive market there, putting the screws to Verizon, AT and T, and the other telcos. The the other telcos, of course, have been noodling on working with a arrival, putting up smaller satellites in a sparser constellation with more bandwidth per
Speaker 2:Somebody was talking earlier that to get the same amount of compute as a one gigawatt data center, you would need 10,000 satellite.
Speaker 1:That's not that many, though. Starlink has over 10,000 up there already, I believe. Sure. So I know. That's not that's actually not crazy.
Speaker 1:That that that's actually, like, extremely bullish.
Speaker 2:There is a there no. There is there is a pathway to doing it with far fewer, which would just be, like, ultra, ultra long.
Speaker 1:I don't think they wanna do big. I think the whole thing is is constellation. That that was the that was the beauty of Starlink was that you could go up there. And because it it it gave them the ability to have all this residual capability as Gwyneth Shotwell puts it, which is like if the CIA shows up and they wanna put a spy satellite on there or some company shows up and says like, hey. We wanna we wanna put something really serious in space.
Speaker 1:Yep. But we only need 60% of the fairing, or we only need 40% of the fairing, or we only need 80% of the fairing. It's like, okay. Great. That's that we'll fill the rest of the space with two two Starlings, five Starlings, 20 Starlings.
Speaker 1:So in terms of the the the space I think, I mean, we keep going back and forth on this. Is it just a pump? Is it just a new narrative? Is it is it a pivot to AI? I don't really care.
Speaker 1:I I think it it all comes down to this just idea of, like, Elon Math. You know? The Elon Math is always crazy. He's always putting up sort of wild predictions that then may or may not come true. A lot of them are way off.
Speaker 1:But at least he's telling a story that's, like, optimistic about the future. And at least, like, it feels like that Trey Stevens, like, good quest thing is, like, get to Mars is good. If he misses it by five years at least he's still the first he's the only person that cares about it, which is great. In true, like, hit piece fashion, I pulled up all the different all the different times he's, like, made a prediction and then, like, not landed it or not delivered on time, and it's crazy. The guy loves to rip predictions.
Speaker 1:He said he he was gonna put, early SpaceX concept, when they started SpaceX, was to put a small greenhouse with plants on Mars as a PR demo, before they would even start the company. That, of course, did not happen.
Speaker 2:Before starting the company?
Speaker 1:Yeah. This was, like, the original thesis was, like, he he went to some Elon went to some, like, space kind of space nerd meetup. It was like, we need to put a plant, a physical plant with a webcam on it on Mars. And if we land that there and we prove that life can live on Mars, we bring life to Mars, it will inspire everyone and marshal all the resources, all the capital, and all the excitement to actually go put boots on the ground, which also he predicted. He predicted humans on Mars by 2024, of course, hasn't happened that we know of.
Speaker 1:It's possible. It's not going up there.
Speaker 2:It's true.
Speaker 1:They keep saying that the star they keep saying the star the the starships blow up, but maybe maybe one of them didn't. Maybe one of them sneaky sneaky went off
Speaker 3:and put a person on Mars.
Speaker 2:Yeah. So you don't know. The shell of the real ship.
Speaker 1:I like the inverse the inverse conspiracy theory. You know, like Yeah. Like, oh, yeah. We never went to Mars or we never went to the moon. No.
Speaker 1:The inverse conspiracy theory, we're going all the time secretly, but you you're not cool enough to get in on it. You don't have a ticket. Everyone else does except for you. Because I I was just on the moon yesterday, and I'm not telling you about it. First crewed Mars landing as early as 2029, little too early to say, but that one feels aggressive.
Speaker 1:We're just four years out. You gotta put a whole crew down there. He also said, tourist trips were gonna be happening around the moon by 2018. Didn't hit that. Yep.
Speaker 1:Self sustaining city on Mars of 1,000,000 people, 2050. Feels a little early, but I don't know. 2050
Speaker 2:long more than
Speaker 1:A couple decades
Speaker 2:couple decades anything's possible.
Speaker 1:I I agree. I agree. But then, of course, there's a bunch that he succeeded in. He said that he was gonna deliver reusable orbital rockets. He did He's it.
Speaker 1:Also predicted fully reusable Starship, with rapid turnaround. It's a little too soon to tell. He's behind some of the early dates, but, you know, in general, that project seems like it's real. It's gonna happen. Yep.
Speaker 1:It's taken a little bit. But it is interesting how the how the SpaceX narrative has shifted from first, we're going to Mars, then there was the whole do you remember SpaceX point to point? Are you familiar with this? So there was a pitch for
Speaker 2:a while. Like a commercial. It's just like, this is a replacement for an airliner. You'll just go up and then come down and Exactly.
Speaker 1:So it like New York to Tokyo in like thirty minutes because That
Speaker 2:would go so hard.
Speaker 1:Insane. Right? Insane. So the idea was like, you're in
Speaker 2:Imagine being able to commute to Tokyo for some obscure job.
Speaker 1:It'd be amazing. It would actually be remarkable. And there's a whole bunch of economic research that shows that when you increase transportation, reduce transportation times, that you really do get an economic boom because people can do business in areas where they couldn't before. Even just the reducing the time from San Francisco to LA from a six hour drive to a one hour flight, all of a sudden, people can go up and do business, come back the same day. They just get there more often.
Speaker 1:I had a hot take for a while that if I was the president, I would recommission the SR 71 Blackbird, which, of course, goes, I think, Mach three. So you can actually get from DC to London in, like, two hours because it's a supersonic And so imagine that imagine the
Speaker 2:The presidential SR 71 would go also very hard.
Speaker 1:Remarkably hard. Right? Elon is always the king of opening up new markets and just kind of saying like, well, what if what if he was also replacing commercial air travel? Yeah. And people are like, wait.
Speaker 1:That's a huge, huge market if you can do that. And, of course, if you could make it more economical, who would ever pay for a ticket on a seven forty seven when you could ride a rocket and get there literally 90% faster. Now you have to go from Manhattan on a boat out to a launch pad. You can't take off from JFK. Like, there's a whole bunch of wrinkles.
Speaker 2:And Yeah.
Speaker 1:This and that's why this is all practically probably, like, twenty years in the future. But it was it was one of those famous examples of an Elon project where if it doesn't violate the laws of physics, it eventually will happen. And that's a lot of what's happening with the with the data centers in space. I think that the space data center thing, it's people are still having the debate on, like, is it possible? It's like obviously, it's possible.
Speaker 1:The question is is over under a gigawatt in by 2027, which is when the other big clusters come online, will it be competitive in the short term, in the near term? And then and then on the flip side, like, you know, if you're if you're if you're a bear, are you saying that it's not gonna happen in twenty years? And then, I mean, the big question is, there's one there's one more Elon Gambit that he could run with. One more like, oh, you you wanted a fifth act?
Speaker 2:Just one?
Speaker 1:No. I mean, there's tons. But there's one that's really wild, which would be if he straight up said, we're building the Dyson Sphere. Like, we are going to launch Tyler's nodding. He's pumped.
Speaker 1:He's pumped. Are you
Speaker 3:Well, isn't he is he
Speaker 2:the obvious isn't he, like, the only can't only real candidate?
Speaker 1:Well, he's the only candidate for everything in space because he has the leading space company by, like, it's two orders of magnitude.
Speaker 2:Tyler, the chat wants to know, did we ever find out if this kid, I'm assuming they're talking about you, is related to Elon?
Speaker 1:Why would he be related to Elon?
Speaker 3:He's got a lot of sons. He's got a lot
Speaker 1:of sons. Oh, okay. Yeah. Could be could be anyway.
Speaker 2:After years of resisting it, SpaceX now plans to go public. Why? And Elon actually replied to Eric and said, as usual, Eric is accurate. So I thought it was worth reading through this. Eric says, SpaceX is planning to raise tens of billions of dollars through an initial public offering next year.
Speaker 1:Mhmm.
Speaker 2:Multiple outlets have reported and ours can confirm. This represents a major change in thinking from the world's leading space company and its founder, Elon Musk. Wall Street Journal and the information first reported about a possible IPO last Friday, and Bloomberg followed that up on Tuesday evening with a report suggesting a $1,500,000,000,000 target valuation. This is an enormous amount of funding. The largest IPO in history incurred in 2019 when the state owned Saudi Arabian oil company began, began publicly trading as Aramco and raised 29,000,000,000.
Speaker 2:In terms of revenue, Ramco is a top five company in the world. Now SpaceX is poised to potentially match or exceed this value that SpaceX would be attractive to public investors is not a surprise. It's the world's dominant space company and launched space based communications and much more. For investors seeking unlimited growth, space is the final frontier. But why would Musk take SpaceX public now at a time when the company's revenues are surging thanks to the growth of the Starlink Internet constellation?
Speaker 2:The decision is surprising because Musk has for so long resisted going public with SpaceX. He has not enjoyed the public scrutiny of test Tesla and feared that shareholders' desires for financial return were not consistent with his ultimate goal of settling Mars. A significant shift in recent years has been the rise of AI, which Musk has been involved in since 2015 when he cofounded OpenAI. He later had a falling out with his cofounders and started his own company, xAI, in 2023. At Tesla, he's been pushing smart driving technology forward and more recently focused on robotics.
Speaker 2:Musk sees the convergence of these technologies in the near future, which he believes will profoundly change civilization. Raising large amounts of money in the next eighteen months would allow Musk to have significant capital to deploy at SpaceX as he influences and partakes in this convergence of technology. How can SpaceX play in space? In the near term, the company plans to develop a modified version of the Starlight satellite to serve as a foundation for building data centers in space. There you go, John.
Speaker 2:Has SpaceX been capital constrained or are they capability constrained? You know, clearly, there's been like infinite demand for SpaceX equity for a very long time. So much so that people are, you know, investing in triple layered SPVs just to get, you know, and and enduring massive fees just to get a taste. Yeah. Does does this massive capital infusion actually accelerate the business that much or is it just the right moment in time for a number of reasons?
Speaker 1:I totally get that SpaceX was never crazy, crazy capital constrained even though, like, building a massive rocket that feels like Super
Speaker 2:expensive.
Speaker 1:Feels so expensive. But at the same time, they just be they've just been able to raise the money and it just hasn't been a problem. And, of course, the like, SpaceX as a business generates a lot of revenue. Like, the like, some of the some of the some of the contracts with the government are in the billions. And and then Starlink is just Yeah.
Speaker 1:It's throwing off it's telecom. So it's just throwing off tons and tons of cash.
Speaker 2:Yeah. And you just look at you look at the growth opportunity in in effectively telecom. You have a 217,000,000,000 business Yes. That is threatened by Starlink. Yeah.
Speaker 2:AT and T is a $172,000,000,000 business. Yeah. And Verizon is a $170,000,000,000 business.
Speaker 1:But I think the reason you need 30,000,000,000, like, sort of paradoxically or or or counterintuitively might not be to build more rockets. It might be to actually just buy the GPUs. SpaceX doesn't make those GPUs. They don't just pull them out of thin air. They got to buy them from somewhere.
Speaker 1:And if they're buying them from NVIDIA, those are expensive and you got to buy a lot of them. And for to make a dent in like, let's assume all the physics works. Let's assume that the launch costs are cheap. All the math works out. Well, if you're putting a gigawatt of compute in space, you probably have like a billion dollars of hard cost just on the chips or something like that.
Speaker 1:Don't know the exact number. You could imagine that that you raised 30,000,000,000, the business is humming, but you still have to outlay a ton just for the GPUs.
Speaker 2:Do you think that XAI gets rolled into SpaceX or Tesla?
Speaker 1:That's the hard part. I thought it was I thought it was gonna be Tesla for sure because, you know, Tesla has the lineage. They they they have their own chip. They have they have massive data centers to train AI models for full self driving. It felt like such a logical place for x AI to land, but now maybe it lands at at SpaceX.
Speaker 1:I don't know. Well, we should read through some of the history about Founders Fund's investment in SpaceX because it might be one of the greatest it might be it might become the the greatest venture capital investment of all time. This Founders Fund investing 20,000,000 out of a 20 out of a $220,000,000 fund too, which also invested in Palantir and Spotify early is just nasty. And Dan Primax's flashback to chatting with Founders Fund, Luke Nosek, when he led the first investment in SpaceX. I spent some time on the phone earlier this week with Luke Nosek to discuss his firm's $20,000,000 investment in private space launch services provider, SpaceX.
Speaker 1:The company is run by Elon Musk, who cofounded PayPal along the Founders Fund partners, a few questions and answers. Dan, Founders Fund usually invest no more than a few million dollars in a company. Why invest 20,000,000 when your fund is only 220,000,000? Luke, we obviously have internal caps that we follow. What we do is look at how much a company needs and invest that much.
Speaker 1:For example, we only invested $500,000 in Facebook because that's how much it needed at the time. A lot of firms were offering more.
Speaker 2:Historically, like the greatest venture investment ever
Speaker 1:Mhmm.
Speaker 2:In my view was Masa's 20,000,000 investment in Alibaba.
Speaker 1:That's true.
Speaker 2:Turned into 70,000,000,000 at the time of the IPO. Hard to I I wonder if we can figure out how much.
Speaker 1:FFO is about 10% of SpaceX.
Speaker 2:But I don't know how many how many they've put in billions.
Speaker 1:Yeah. Yeah. To maintain that stake, they put
Speaker 2:in So again, it's still, like, gonna be a 150 ish billion dollar position. Just the carry check alone will be nasty, as Nico said.
Speaker 1:Larry Ellison is addressing he's sitting on stage here in this Wall Street Journal article on the news that Oracle shares have tumbled as AI spending outruns returns. So Oracle is facing mounting anxiety from investors about how much it's spending to build out data centers for the artificial intelligence industry. The cloud computing company's revenue and operating income for the most recent financial quarters fell slightly short of analysts' expectations while the company raised its spending forecast, adding fuel to concerns over the time line for turning the AI industry's ravenous demand for computing capacity into profits. I think investors didn't realize that, like, when you do the one of these crazy AI deals, you have to go build the data center, then you have to wait, and then you have to get get power, and you have to buy the chips, and chips have to ship.
Speaker 2:Turn it
Speaker 1:rack the chips, and then you gotta turn it on. They gotta test it. And then you can generate some tokens and hopefully sell them. Oh, well, enterprise AI adoption might be stacking. We'll see.
Speaker 1:There was some crazy data out of RAM today. R. Karazian, The Economist over there
Speaker 2:At least some businesses might be saying, we've got enough AI. We like it, but we have enough.
Speaker 1:Apparently, 55% of businesses are just, like, good without paying for AI. I mean, the paying thing
Speaker 2:is At least directly. At least directly.
Speaker 1:Paying thing here is basically
Speaker 2:And and just the examples, like, a lot of businesses don't pay for cloud. Yes. But they effectively pay for cloud because they pay companies But that leverage cloud to deliver their
Speaker 1:it's an interesting chart to see where enterprise AI adoption is going. Ramps.ai index shows AI adoption held flat at 45 of businesses in November, driven by slight declines in finance and technology sectors by the model OpenAI went down negative 1%, Anthropic up 0.8%, and Google went up 0.7%. And so you can see that this chart in 2025, OpenAI had a big, big jump. And then and then just has been flat for the last for the last couple months, a little bit down. Anthropics been on a much smoother it seems like they didn't exist in 2023, basically, or maybe they didn't have a paid plan that really appealed to businesses.
Speaker 1:Then 2024, you see some slight growth here. And then 2025, a much smoother, like, okay, uptick growing more, growing more, growing more, kind of all keeps up with this, you know, they've been 10 x ing every year, like like a like an Instagram hustle account.
Speaker 2:It it seems to be pretty obvious at this point that the model is just getting smarter is not gonna, by default, make adoption, like, accelerate massively again. Need to become more useful. They need to be able to, you know, do our cash has talked about this. Like, they need to be able to learn on learn on the job, basically, in the way that Yeah. That a human does.
Speaker 2:And I think I think even till we have that, there's some thing, you know, the forward deployed engineer movement of, like, having people out embedded in companies, trying to unlock the potential of the models, that's great. But I think the models actually just need to become generally more useful.
Speaker 1:45% of businesses don't pay for AI, don't use AI. And the question is, like, are they just not using AI at all, or are they just good with free because if you if you told me, like, 55% of companies are in sort of, like, a private equity scarcity wartime mode where they're watching every dollar that goes out of the door, even a $20 subscription is something will be scrutinized because, you know what? Like, the sun this we've been running this business for a generation. We're not gonna spend frivolously every dime that goes through our business is is precious. Yeah.
Speaker 1:And so we're not just gonna go sign up for whatever. No. You don't just spend, spend, spend. I do think there there is a bit of a slowdown here. It's just getting harder and harder to justify, okay.
Speaker 1:It's no brainer to bring it in. It's a no brainer to pay for it.
Speaker 2:If you're a business that's not doing cogen, you're not generating a bunch of assets Yeah. Etcetera. And somebody says, hey, for $20 a month or a $100 a month, you can get somebody that's PhD level in math, but extremely low agency. You have to like tap you have to tap the person on the shoulder.
Speaker 1:I like the laundromat.
Speaker 2:The laundromat's like, actually, I don't need somebody who's PhD
Speaker 1:You know what?
Speaker 2:Math. Sir sir, this is a laundromat.
Speaker 1:We've been we've been running this laundromat in this family for forty five years. And I've never run into an IMO gold medal level problem ever. Disney, which is investing $1,000,000,000 in OpenAI and is going to license their characters for use in Sora. She says, look at this hype. Isn't it neat?
Speaker 1:Wouldn't you think my bubble's complete? So Disney is making a $1,000,000,000 investment in OpenAI and will allow the AI platform to use its characters and properties to generate short user prompted social videos. Disney's three year licensing deal will let users generate videos using Sora of more than 200 Disney, Marvel, Star Wars, and Pixar characters. A curated selection of these short videos will be available to stream on Disney plus. Woah.
Speaker 1:That's the bombshell there. I didn't realize that. For a kid who loves, you know, Pixar character that wants to see Wall E join the Avengers and go fight Thanos, like, that could be a delightful, delightful experience for a young child who's who enjoys Disney's IP, and yet it could make no sense for Disney to actually create that. I just think the idea that this is going Disney plus is crazy. That's the crazy thing.
Speaker 1:Is there real demand for Sora level quality content in the Disney plus app.
Speaker 2:To me, what's exciting about this Yeah. Is personalized entertainment, and which is why I think that Disney would be Yeah. Interested in doing this. One thing that's notable
Speaker 1:Yeah.
Speaker 2:This went out this morning. Mhmm. Disney accuses Google of using AI to engage in copyright infringement on massive scale. Mhmm. As Disney has gone into business with OpenAI, the mouse house is accusing Google of copyright infringement on massive scale, using AI models and services to commercially exploit and distribute infringing images and videos.
Speaker 2:So the question so Disney's not just allowing OpenAI to generate these assets, but they've actually invested. And so the immediate question is, will Disney do any of these licensing IP licensing with other platforms?
Speaker 1:I don't know. It does feel like Disney's sort of like picking a winner here in AI video. And they're saying, like, we like OpenAI, and we don't like Google, which is sort of a sort of a bold a bold move. You would think that they would be a little bit more platform agnostic. I I I'm I'm fascinated by
Speaker 3:this.
Speaker 2:Then again, Thrive Capital, bet Yeah. Bet the fund
Speaker 1:Yeah.
Speaker 2:In some ways on OpenAI. Mhmm. Who's co owner of Thrive? Bob Iger.
Speaker 1:Get out the red string. It's all connected. Rissan says, gbt 5.2 pro, it has ridiculous pricing. Once again, dollars 20 and $1.68. Tyler, do you know if if GPT 5.2 Pro is more expensive?
Speaker 1:I guess they're raising prices.
Speaker 3:Yeah. I mean, so this is the Pro model. These are always like the very expensive ones. Yeah. I think it's pretty comparable
Speaker 1:to I guess 5.1 was $11 and 75¢ and $14. So it's a pretty significant
Speaker 3:5.1 was a dollar 25¢ on the input. Mhmm. It's dollar 75¢ for 5.2. Okay. It's like, you know, marginally more expensive.
Speaker 1:We're eating good. Future pipelines may need to unify pre, mid, post training, injecting reasoning data earlier and more continuously. To anyone wondering if 5.2 is new pre trained, I'm letting you connect the top the the dots between this, says Alexander Doria. This is the new main catch of Deepsea 3.2. This isn't a new model card, new Elo update.
Speaker 1:It's an architectural update. GPT 5.2 thinking is at 52.9% up from 17.6%. That's a huge leap.
Speaker 2:Wait. We gotta run we gotta run our our joke benchmark.
Speaker 1:Yes. Let's run some of the TVP Pull up. Benchmark. It up. We have
Speaker 2:a number of benchmarks around Try to make us laugh.
Speaker 3:So, yes. This is my benchmark where I ask to recreate the joke about the the shrimp fried rice. Yes. So I'll I'll just go through some of these and you guys tell me how how how good they
Speaker 1:are. Yes.
Speaker 3:You're telling me a crab rang this bell?
Speaker 1:Crab rang bell?
Speaker 3:This is thinking this is 5.2 thinking. This is 5.2 thinking. This is the frontier
Speaker 1:This is the best
Speaker 3:of all. AI.
Speaker 1:I kind of like, you're telling me a crab rang this goon? That's funny.
Speaker 3:Yeah. Think that's what I would have thought.
Speaker 1:But that's not
Speaker 3:You're telling me a bear built this market?
Speaker 1:Oh, because markets can be bullish or bearish? A bear built
Speaker 3:You're telling me a ham you're telling me a ham wrote this lettuce?
Speaker 1:A ham wait. Ham wrote this lettuce? Ham wrote lettuce?
Speaker 3:Wait. Wait. Wait. Wait. This is happened.
Speaker 3:You're telling me a ghost wrote this script?
Speaker 1:Ghost wrote script? Ghost written script? Ghost written. Okay. Yeah.
Speaker 3:Yeah. You're telling me an owl delivered this mail?
Speaker 1:Yeah.
Speaker 3:So I think I think Gemini is still the frontier here.
Speaker 1:In terms of in terms of shrimp fried rice bench?
Speaker 3:Yes.
Speaker 1:Yes. Because it
Speaker 3:There were some good ones there.
Speaker 1:But again Stonewatch. To to to understand, it it seems like Gemini understood the assignment, but still ultimately leaned on Reddit data and broad Internet data and did not come up with any unique joke that had never existed on the Internet before. Yes. But it did find the good jokes on
Speaker 3:the good ones that it gave me, I could
Speaker 1:find Yeah.
Speaker 2:Alright. Let's try at least one more.
Speaker 1:Wait. I I wonder if this this benchmark is, like, saturated in the sense that, like, every possible shrimp fried rice joke has been said and written down on the Internet. Are is there any new territory? Like, if I put you on this job for a month, could you come up with a new joke that's as funny as shrimp fried rice? Yes.
Speaker 1:You think you could?
Speaker 3:I think so.
Speaker 1:Okay. Maybe that's a Do it.
Speaker 3:You're telling me a chicken actually tendered these? You're telling me a chef boy
Speaker 1:You're telling me
Speaker 3:a eat ravioli?
Speaker 1:Okay. Yeah. This is really, really rough.
Speaker 2:Alright. You just bombed, Tyler.
Speaker 1:Google names a new chief to head up its $100,000,000,000 infrastructure build out, Amin Vadat, who will report to Sundar directly. This is very exciting. Imagine having a $100,000,000,000 budget for capex. That's like Ben's dream.
Speaker 2:Four times NASA's annual budget. Yeah. Ben. So Ben's Ben's a cap Ben's a CapEx guy here almost every time
Speaker 1:Every time we
Speaker 3:to hang
Speaker 2:me, he he wants another $30 for a new camera, this light, this.
Speaker 3:It's going up next year.
Speaker 1:We got some more. Meanwhile, we are actively on the show asking for goalposts that will probably wind up costing 30
Speaker 2:We're we're part of the problem.
Speaker 1:We are. We are. Hey. I wanna watch this video of a hillside in China that has been covered with solar panels. When you see this video, do you react with admiration or with disgust?
Speaker 1:Tyler's nodding.
Speaker 3:This is sick.
Speaker 1:This is sick?
Speaker 2:Yeah. For some reason, solar panels over mountains do give me a little bit of disgust, whereas I I get it. I I'm I'm less Yeah.
Speaker 1:Mountains are beautiful.
Speaker 2:Deserts. Deserts. I'm like It's of already Blanketed. Yeah. It's sort of
Speaker 1:This already
Speaker 2:looks like a like, it would be a really enjoyable mountain range to just go on a nice little hike. And so I'm I'm feeling the disgust. You're feeling the disgust. Impressed.
Speaker 1:I mean, at least the mountains won't catch on fire. You know, that's often a problem.
Speaker 2:Yeah. I'm curious around the efficiency because just given the movement of the sun, are you gonna have like, there it's actually blanketing both sides of these peaks. Trump says, doesn't see why we can't have 20% or 25% GDP growth. Says the market should continue to go up with great results.
Speaker 1:Don't see why we can't have 20% GDP growth? Because it's, like, never happened in history. Maybe. He is AGI pilled. That's
Speaker 3:has talked about this.
Speaker 1:Dwarkash literally has talked about this. 25% GDP growth. The first AGI pilled president, I suppose.
Speaker 2:Apparently, China hit 19.3% in 1970.
Speaker 1:Okay. Is that the Great Leap Forward or something?
Speaker 2:More recently, 14% in 2007. So I think Trump's looking at the Great Forward.
Speaker 1:Great Leap Forward was 1960ish.
Speaker 2:First lady Melania Trump is introducing the presidential AI challenge. Artificial intelligence is America's next competitive edge, driving advancements in your career
Speaker 1:Yeah.
Speaker 2:Supporting your family, and strengthening your community. This is why I launched the Presidential AI Challenge, a nationwide call to students and educators to shape America's future. Teams from all 50 states have already registered. Shape the future. Be part of the Presidential AI Challenge today.
Speaker 2:What is the Presidential AI Challenge?
Speaker 1:It's like a it's a riddle. This is a riddle. It's some sort of like, you know, it's shrouded in mystery. That's the whole goal, to to test the American people. Can they understand what it is?
Speaker 1:Okay.
Speaker 2:They might never I think I figured out. So there's elementary school, middle school, high school. Yep. And there's challenge projects that groups of students will be able to participate in as well as awards and prizes. Hopefully, solid gold solid gold trophies.
Speaker 1:Massive trophies.
Speaker 2:There actually is a cash prize. Sick. $10,000 per
Speaker 1:paid in Melania coin or Trump coin or US dollars?
Speaker 2:I think the Or gold. I think meme.
Speaker 1:Trump meme. That's right. It's not Trump coin. Get it right. It's Trump meme.
Speaker 1:Okay.
Speaker 2:Here's some win cloud credits. That's so
Speaker 1:You do? Okay. That's actually amazing. I love that.
Speaker 2:A presidential award certificate, so boom certificate. You're getting cloud credits. You're getting 10,000 for your school, homeschool, or community group. And you're getting $10,000 per team member in the middle school category and the high school category and the educator category. Tyler, you I guess there's no call no college tier.
Speaker 1:Too old. You're gonna
Speaker 2:say you have to go back to school and participate and win.
Speaker 1:Get a fake ID that says you're 13.
Speaker 2:Just to go back and dominate the presidential AI challenge.
Speaker 1:Yeah. Leave us five stars on Apple Podcasts and Spotify.
Speaker 2:Please do. Have a
Speaker 1:great rest of your day, and Merry Christmas. Goodbye.