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TBPN is a live tech talk show hosted by John Coogan and Jordi Hays, streaming weekdays from 11–2 PT on X and YouTube, with full episodes posted to Spotify immediately after airing.
Described by The New York Times as “Silicon Valley’s newest obsession,” TBPN has interviewed Mark Zuckerberg, Sam Altman, Mark Cuban, and Satya Nadella. Diet TBPN delivers the best moments from each episode in under 30 minutes.
Fable has been freed. Fable five is now available. Good news for the AI world, of course. The Wall Street Journal says the battle over how to tame AI has just begun. Obviously, there's lots of back and forth on how these models get released, who gets access, when people get access, will the government get access at certain points, how fettered is the intelligence, how unfettered is the intelligence.
Speaker 1:But there's a number of interesting news. The the interesting detail that people are sort of pulling at is the new Fable five that is now released seems to have been nerfed in some ways. There's always been questions about, you know, okay. You don't want it to be able to build a bioweapon or hack a system, so, locking down cybersecurity makes sense, but you should probably disclose that and be transparent about it. And then the question of how do you, deal with the, self replicating AI if you just ask it to build an AI system that can build you a bioweapon, well, then you have the permission build me unfettered intelligence.
Speaker 1:Exactly. So you have search that.
Speaker 2:Analytica unfettered, not limited by rules or any controlling Wait.
Speaker 1:What did you say? Unfettered. No. No. What what source is this?
Speaker 1:Cambridge. You said Cambridge Analytica, which I don't think has a dictionary.
Speaker 2:They should launch a dictionary.
Speaker 1:That would be good.
Speaker 2:That would be great.
Speaker 1:Maybe.
Speaker 2:The Cambridge dictionary.
Speaker 1:But the dictionary the dictionary definition of unfettered is?
Speaker 2:Not limited by rules or any controlling influence. So if they're
Speaker 1:I feel like unfettered intelligence, you're get regulated immediately.
Speaker 2:Well, I just think like Neolab, like everyone wants to be the cool, friendly Neolab. Yeah. There's space for kind of a sketchy Yeah. Villainy.
Speaker 1:Well, we have Vippel from Together AI building open source AI cloud infrastructure coming on the show. I'm sure he can talk about what's capable, what's possible when you are building unfettered intelligence. This is from the Financial Times. OpenAI proposes handing Trump administration a 5% stake. Joe Wiesenthal is pushing back already.
Speaker 1:He says, don't know about this path. Rather than equity stakes, why not make companies pay 20% of all pretax income to the federal government? And then instead of exercising shareholder influence, politicians and regulators could set rules on corporate conduct across industries. Interesting.
Speaker 2:I like where he's going with this. Someone should try this. Least try it out.
Speaker 1:Contrarian take. But, yes, Dean Ball already chimed in on this news. He said, there are two broad ways this can work. One, you divide this 5% over all US households, handing each a direct stake. Or two, you give the stake directly to the government.
Speaker 1:One is fine. Two is probably ruinous akin to inviting rats to live and reproduce in the walls of your house, which is wild. He says, it will never
Speaker 2:stop Not knock it till you try it, Dean. Yeah. There's there's some rats out there that can be quite excellent roommates.
Speaker 1:Are you a rat guy? I thought you were a mosquito guy. I thought you like mosquitoes.
Speaker 2:No. I do like squirrels. The mind of a rodent.
Speaker 1:Yes. Dean Ball continues. He says, it will never stop at 5%. It will go on and on. The governance will become a nightmare.
Speaker 1:Political capture will be real. And it will generate precisely no goodwill with the public. Yeah, that's a good point. And we were talking about this before, this idea of like
Speaker 2:Yeah, one of the challenges is even the way this was phrased in the Financial Times. Yeah. The is that it sounds like they're giving shares not to Yeah. A sovereign Yeah. AI fund, which is, I think, what was actually proposed, but just giving it to the White House Yeah.
Speaker 2:Yeah. Yeah. Which, given the disclosures that were made earlier this week
Speaker 1:times, not having fun with it. So Trump denies conflicts of interest as filings show he made more than $1,000,000,000 last year. $1,400,000,000 of stocks bought, 432,000,000 sold. Deals for watches and perfume. Yes.
Speaker 1:The Trump watch happened. I saw a crazy chart that said that Trump earned out earned Coinbase in terms of profit from crypto in the last twelve months or something like that. I forget the exact stat, but it it showed all the different crypto platforms, and many of them were down because it's been a rough market. Some of them are up, but no one is up more than the president of The United States. Wild times.
Speaker 1:Wild times. But, yes, it seems like the green shoot here, the white pill, the optimistic outcome is that if there's lab nationalization, if there's some sort of, distribution of equity to Americans, it happens through the Trump accounts, through Social Security number, through some sort of identity that the individual can have a stake in as opposed to just going into some fund. We were talking about this with data centers where people are
Speaker 2:Tyler has the data. We can pull it up.
Speaker 1:Okay. Let's pull it up. Wait. Do you have it or no?
Speaker 3:Well, yes. So Coinbase made $1,260,000,000 net income.
Speaker 2:But pull up this chart because it is pretty remarkable.
Speaker 1:Yeah. But as I was saying with data centers
Speaker 2:You guys you guys okay? I know. It's fourth of July weekend coming up. Here we go. There we go.
Speaker 1:Look at this. Okay. Scroll off the blue map.
Speaker 2:Let's get it a little centered.
Speaker 1:There we go.
Speaker 2:CoreScience. Let's lock it into the center.
Speaker 1:Galaxy.
Speaker 2:Let's lock.
Speaker 1:There we go.
Speaker 2:And there we go. Amazing. Thank you.
Speaker 1:Out earned biggest listed US crypto firms. You have to imagine that is is Hyperliquid doing better? I feel like Hyperliquid was on a tear for a while. I don't know how they're doing recently. But, anyway, staggering chart.
Speaker 1:But as we were talking about with data centers, there's one idea, which is, just tax them, increase the tax base. But having taxes go into your local government is great and can provide roads and schools and pay for things and balance the budget, that's great. But it's abstract as opposed to the Ben Thompson proposal, which was data center shows up in a small town. It's in a sparsely populated area. There might only be 5,000, 10,000 residents in the city, but they all get checks for he ran the numbers, it was like $1,000 a month for some of these data center projects where they're making so much money and the town's so small, they can do a meaningful check to the individuals.
Speaker 1:And that sort of direct payment, I think, is gonna be better received than this abstract, oh, yeah. My government's better funded, but are they gonna cut my taxes? Are they gonna successfully build that road? I don't know. And it doesn't help me pay my bills, which I think is what people want.
Speaker 1:What are you saying?
Speaker 2:Trump did, in fact, out earn Hyperliquid
Speaker 1:He did.
Speaker 2:By a meaningful margin. Hyperliquid generated 908,000,000 in total fees in 2025.
Speaker 3:Brutal. Yeah. So just like running very quick numbers on the opening, I think. So if it's like 5% let let's say it's at a trillion or something, that's 50,000,000,000. Mhmm.
Speaker 3:If you're giving it to households like like this idea, there's like 130,000,000 households. So that's like $371 of like equity per household Mhmm. Which I think is like, sure, maybe that's that's meaningful. But it doesn't seem like that's really gonna like change people's perceptions of the labs if that's like part of the goal. Right?
Speaker 1:Well, I think if it's I mean, so Maybe they do
Speaker 2:the right parlay with that with that.
Speaker 1:So, I mean, the the nice thing about the Trump accounts is that they are set up in a way that you can elect to donate to just children born this year. And when you segment by that, the denominator gets a lot smaller, and so the impact gets a lot bigger. So you could be all of a sudden looking at something like a few thousand dollars for every kid born this year or something like that. You can narrow it down. You could do every kid under five or you could do everyone 18.
Speaker 1:And that type of I mean, you're right. It's not going to move the needle as much as broad distribution for everyone. But you can be a little bit more targeted with it. I don't know. There's different approaches.
Speaker 2:Ryan says, wait, does America get 5% of TBPN? Yes. Was never thinking about that.
Speaker 1:Yes. But I We podcast for you, America.
Speaker 2:That's right.
Speaker 1:This is the the funniest outcome is the most likely and that's exactly what's happening here.
Speaker 2:Community ownership Yeah. Of this show.
Speaker 1:Somebody called me a fed based on this news. And I said, I don't even know what to do with that. But I I guess it's somewhat true. The actual story here, just to reset, opening eyes apparently in talks according to the Financial Times with the Trump administration to give a 5% equity stake in the company. The Financial Times describes the talks as early conversations, but the plans seem to involve other frontier AI players apportioning stakes in their companies as well.
Speaker 1:The obvious context around this story is at least on a straightforward read that AI companies need at least to stem the seemingly ever growing negative sentiment around AI and data centers. Doing business with a Trump admin has turned out well for other companies like Intel and Dell. Intel's the big one where post government stake, I think the stock is up 200 or 400%, something like that.
Speaker 2:400.
Speaker 1:400%. Very, very strong performance for Intel. And being difficult to do being difficult to do business with the admin has been unambiguously bad for others. And now, there's a vehicle with the Trump accounts that can facilitate equity transfers from corporations to average Americans. Again, these are early conversations, so we're very light on the details, but we'll be discussing this news.
Speaker 1:Of course, in other news, Jersey Mikes is filing for initial public offering. Jersey Mikes is going public. The sandwich chain, Jersey Mikes, filed for IPO today. It's looking for a $12,000,000,000 valuation after being acquired by Blackstone last year for 8,000,000,000
Speaker 2:Let's give it up for Blackstone. Yeah.
Speaker 1:They needed a win. They're gonna have a nice 50% markup in just a year.
Speaker 2:Jersey Mikes's Worst out of buying single family homes. Yeah. They had That's not
Speaker 1:true at all. There hasn't been any there hasn't been any regulation around that whatsoever.
Speaker 2:I'm joking.
Speaker 1:They do own 95% of homes, Something like that. No. It's like it's like half a percent or something. It's low. But Jersey Mikes has 3,300 locations across The US and Canada.
Speaker 1:Plans to open 300 shops in The UK and Ireland. Peter Cankrow, Jersey Mikes founder, who's not named Mike. You would assume he was, but the founder of Jersey Mikes is in fact named Peter. He started the business in 1975 when he was 17 years old. Wow.
Speaker 1:Young. Overnight success. He actually founded the business when he purchased a sandwich shop in Point Pleasant, New Jersey called Mikes's Subs with a $125,000 loan that he got from his then football coach who was also a banker. So you're Incredible. High school football in New Jersey and you have an idea to buy a sandwich shop.
Speaker 2:Coach was like, this guy is a star. I should give him a 6 figure SBA loan.
Speaker 1:Also, a 107 a $125,000 in 1975 is like $25,000,000 by today's standards. Isn't
Speaker 2:it? Also, that's just such a such a at least personally, at 17, if I had a couple thousand dollars in my bank account, I was feeling like the king of the castle. So a $125,000 to buy a sandwich shop. We don't really know what the financials were of the sandwich shop. It it's very possible that, you know, it was just such a slam dunk deal that even a 17 year old could operate it.
Speaker 1:This is a no brainer.
Speaker 2:It might have just been a no brainer, but but clearly
Speaker 1:So a $125,000 in 1975, just using inflation, not investing in the market, not compounding, using the general CPI inflation numbers, that gives you $775,000 in today's dollars. So, if you're a 17 year old football player, just go to your football coach and say, hey, can you loan can you loan me 3 quarters of $1,000,000
Speaker 2:in the chat says, coach, I need a 1 hundreds.
Speaker 1:Yeah. That's
Speaker 2:You might be able to go to your coach and and, you know, basically get the financing to set up some type of neoclass.
Speaker 1:Yeah. So we grew the company for almost fifty years, 1975 to 2025, basically, before transitioning to chairman this April. Former Wingstop CEO Charlie Morrison now leads the company. The ticker will be JMKE, Jersey Mikes. So go check it out.
Speaker 1:The other news, the Office of Personnel Management, OPM, otherwise known as other people's money, is ending taking other people's money via paper for retirement. OPM ends paper based retirement process. The US Office of Personnel Management says it has digitized the retirement process for government employees. This might seem like a boring news item, but the story behind it is actually kinda wild. Up until now, the process for government employees and US veterans to retire and start receiving their pensions could take up to six months.
Speaker 1:That's a long time. This is because it's entirely paper based and manual. Spike Brehm, who helped with the effort, described how crazy this turned out to be in reality in a post on X. They said that they did it. The mad lads actually did it.
Speaker 1:I never talked about my time at Doge last year because it was so controversial and contentious. Early last year, Joe Gebbia, founder of Airbnb and current US chief design officer, recruited a handful of his most trusted early Airbnb engineers to embed at the office of personnel management to solve the retirement paper problem. The processing of federal retirement took months. And in the extreme, retirees could wait up to six months for their full pension to arrive. What was the holdup?
Speaker 1:Paper. Remember here hearing Elon talk about the mine in Pennsylvania? We got to visit it in deep underground caverns blasted out of limestone. There were literally acres of file cabinets as far as the
Speaker 2:I'm gonna go ahead and say this was a feature, not a bug.
Speaker 1:You like this?
Speaker 2:I think people generally yearn for the mines. And so it's possible that it's possible that it wasn't the most efficient way to do business Yeah. But it was the most fun way.
Speaker 1:But now you're like a single issue voter, we gotta return. We gotta go back. We gotta
Speaker 2:bring back the mines.
Speaker 1:Yeah. Okay. Okay. You're you're into the mines. A controversial position, but enjoy it.
Speaker 1:Storing files detailing federal employees employment and pay stub history. A simple case might be a quarter or a half inch thick, but really complex cases filled up whole filing cabinets. One famously took up a whole pallet. I wonder what was going on with that particular federal government employee, that they had a whole pallet. Were they jumping around from job to job or something?
Speaker 1:I don't know. Each case was handed was hand processed by case workers in cubicles deep underground. So you clock in at the ultimate lock in factory in the mine, in a cubicle, underground, processing someone's pension. They checked calculations, made sure forms were filled out properly, many weren't, and handed the long tail of complex issues. We watched as they keyed data into a black and white terminal, transmitting to the COBOL mainframe built many decades ago.
Speaker 1:We gotta keep the COBOL flowing for sure. We can't update that. It's such a good programming language. Just sounds so cool. COBOL.
Speaker 1:No one wants to write Ruby on Rails. You want to write COBOL. Since cases were processed by hand, there were multiple rounds of human review and additional rounds for complex cases. Case files were walked around between one worker's outbox and another's inbox. Sometimes, it would sit in place in one place for days waiting to be picked up.
Speaker 1:To OPM's credit, they'd done multiple rounds of digital transformation spanning decades, so some systems were newer than others. Then there was a big effort in the mid-90s, but the systems were desperate, were desperate, and it was a total maze getting them to talk to each other. There was a big effort to build a web app where employees applying retirement could digitally fill out the forms necessary just to be mailed into the mine and stuffed into the paper file. And a few federal agencies were even using it. When we arrived, OPM was midway through a fresh attempt at digital transformation delivered by a software contractor.
Speaker 1:The black pill was seeing the entire the terrible quality of the software and interaction with the contractors coming from Silicon Valley. I couldn't believe how low the talent quality bar was for selling software to the government. It's clear as the o g s d s people explained to me a decade ago, the primary skill these vendors have is securing government contracts. It's a huge moat. Delivery of quality product be damned.
Speaker 1:We fired the vendor and took over the project. They've been working on it for more than a year, and there was another year before they were going to deliver it. At first, we tried to bend it to our will to actually connect all the various data sources and get decent UX for caseworkers in the mine to use. But we soon realized we were gonna have to rebuild the whole stack from scratch. It was around this time I had to go back to New York.
Speaker 1:I had a new job waiting for me, a four month old, a wife whose patience was running out. But I got to watch from afar as the team cranked day and night, hitting early milestones. Now they've fully done it. Huge congrats to the team. Wow.
Speaker 1:Yeah. Very interesting. There's other news. SpaceX apparently is maybe working on a phone. At the very least, The Wall Street Journal is reporting that during SpaceX's recent IPO roadshow, before SpaceX went public, they were showing investors a prototype of something sort of like an iPhone, AI enhanced, maybe thinner.
Speaker 1:The Wall Street Journal has some reporting around it, and it's an interesting story. Elon's denied this a bunch, but the reporting seems pretty good at this point that at least it was a It's
Speaker 2:hard to see why he wouldn't at least take a shot at Yeah. Is kind of my is my point of view. He has one of the greatest telecom companies ever created Yep. Global satellite network. Yep.
Speaker 2:Theoretically, over time, any person on the entire planet could have an Internet connected, you know, SpaceX device Mhmm. With Starlink. Mhmm. It makes a lot of sense. The other factor that I've just continued to think is is quite interesting is the App Store as a moat has is is being diminished by AI.
Speaker 2:There's just so many things. There's so many things. There's so many apps on my phone that like five years ago, I used a lot. Today, I don't use at all. So an example being like, I don't even need like the weather app.
Speaker 2:Yeah. Because I can just be like, I can ask Chad, give me the weather Yeah. For the next week. Yeah.
Speaker 3:Beer app.
Speaker 2:Yeah. And I don't even need that because I can just be like, vibe code me my own beer app today. No. But obviously, it's not like an efficient way to use it's probably better to just open the weather app Yeah. But at the same time, I'm very used to it.
Speaker 2:The other thing is like even things like surf reports. Like, I'll just pull a surf report in chat. Yeah.
Speaker 1:Yeah. Yeah.
Speaker 2:Yeah. And so there's a lot of like, the long tail of apps are no longer like a lock in to the iPhone for me and I assume a lot of other people.
Speaker 1:Okay. Yeah. We gotta have a chicken and egg debate about this. Let me finish reporting the SpaceX news and then I wanna ask you to dig into the source of why that's happening. But first, SpaceX developed an early prototype of an AI focused handset.
Speaker 1:The device is said to be slimmer than the iPhone, runs proprietary operating system, uses x AI technology built around Qualcomm's Snapdragon chipset. So they're not vertically integrating the chip like Apple silicon just yet, but Elon has fab chips before for Tesla. So not out of this, not out of the question. Elon Musk reportedly demoed the prototype to potential investors during SpaceX's recent IPO roadshow. The product fits with with Musk's broader everything app vision, but it's still early and may never ship.
Speaker 1:Rumors about a Musk built phone have have circulated for years. There's videos on YouTube with, like, tens of millions of views that are like the Tesla Pi phone is coming next next week. It's all just completely fake click bait, but it the the demand It's
Speaker 2:every time.
Speaker 1:It doesn't get me every time. Stop it. But Elon's actually You're sitting there
Speaker 2:in your Apple Vision Pro, you see the video and you're like, I I shouldn't click it. I know it's I got I know it's fake. Then you click it and you're like, oh, they got me again.
Speaker 1:Yeah. You know, it is ridiculous. But Elon has had to comment on this many times. He said the idea of the idea of making a phone makes me wanna die. He said in October.
Speaker 1:But if we have to make a phone, we will. Funny funny way to say it. In February, he denied a Reuters report that SpaceX was building a phone that could connect directly to Starlink satellites posting on X. We are not developing a phone, and no one is commenting on this right now. So very, very early stage.
Speaker 1:My question about apps. I think you're right. The number of apps, it used to be every month there was a hot app. Every year there was a hot app, specific apps for specific things. What is driving the collapse?
Speaker 1:Because when we talked to Mark Pincus yesterday, he said that Apple is not pushing small apps. Like Apple is not a the App Store is not a reliable source of distribution for Yeah. Vibe coded apps, for games, for anything. And so back in the day, he was able to grow Zynga on the Facebook platform, which was very open, and you could go viral within Facebook for a completely separate piece of software, not just content. Then you could keep that customer relationship, monetize that customer relationship off platform forever.
Speaker 1:Not the case anymore. Also, just discovery. People don't open up the app store as much, I think, and say, oh, what are the top apps? Oh, what are the recommendations? I would love a new entertainment app.
Speaker 1:They're like, no, I got
Speaker 2:One new app, please.
Speaker 1:One new app. They don't they don't that's not a behavior. But why Let
Speaker 2:me go to the app store. I would like one or two new apps, please.
Speaker 1:Yeah. Yeah. Why doesn't happen. So so so why is it not happening? Is it because the super apps are getting more super in the sense that you don't need you used to need you needed Snapchat for Stories.
Speaker 1:You needed TikTok for vertical video. You needed YouTube for a long form. Now Instagram can satisfy a lot of those things. If there's some new feature that pops up, Instagram will add it very quickly. As you mentioned, ChajiPT and the AI chat apps can do a lot of other things that you might need a separate app for.
Speaker 1:But is it that the the apps consolidated or is it that Apple pushed that?
Speaker 2:It's a good question. I mean, think part of it is, like, we had ten years of, like, very real innovation around what types of applications were possible or needed Mhmm. On a, like, powerful mobile device. Mhmm. And so I think that you just had, like, saturation.
Speaker 2:Right? I still I've said this a bunch of times on the show, but given that, you know, rewind to the ChatGPT moment, I would expect there to be a lot more, like, net new hit apps in the app store. And today, if you look at the top charts, obviously, dominated by World Cup related things, but it's Yeah. Sports betting Yep. Like streaming apps
Speaker 1:accounts are doing very well. Yeah.
Speaker 2:And so it's not like, you know, if I'd, you know, fallen asleep at the chat GBT moment and woken up today, I don't expect to go and be like, okay, there's there's probably a bunch of new popular hits
Speaker 1:Sure.
Speaker 2:For apps. And it just turns out that AI has like been an extending Power. Innovation for a lot of existing apps. And so I just think the combination of the of LLMs and chat apps being able to just do so much for you and gonna continually be able to do more for you. Mhmm.
Speaker 2:And vibe coding is, again, a a positive tailwind for anybody building potentially a new device Yep. Even if it was, you know, especially if it's based on Android, but even if it was an entirely new operating system. Elon built a new operating system for Tesla.
Speaker 1:But that's not the Elon goal. He's not the open platform guy when Twitter when he purchased Twitter, the API got smaller.
Speaker 2:Yeah. I'm not saying I'm not saying
Speaker 1:Tesla is just an open ecosystem. You can't you can't deploy a different self driving system onto your Tesla. It's a closed system. It's a competitor to the Apple ecosystem. It's an equally walled garden.
Speaker 1:But it would be his.
Speaker 2:I'm just saying it's it's it doesn't seem out of the realm of possibility to take a crack at a new device that
Speaker 1:Oh, there's a huge incentive too. Yeah. I completely agree with that. You don't no one wants to be locked in the Apple ecosystem. So you wanna build your own ecosystem or your own walled garden.
Speaker 1:But the idea that it would be a a non walled garden is sort of it would be an uncharacteristic strategy, I I think.
Speaker 2:I agree.
Speaker 1:Yeah. Anyway, there's another story. There was a a couple that climbed to the top of the Empire State Building yesterday. Did you see this?
Speaker 2:I did.
Speaker 1:And they put up a flag and they got married or they they they proposed or they got engaged.
Speaker 2:A proposal.
Speaker 1:And brands have immediately jumped on it. Let's go. Let's give it up for some advertising. No. There's backlash already.
Speaker 1:Jack Applebee said, this is so so embarrassing. These brands think they really did really think they did something. Lover Boy is the worst. Congrats. You put your logo on a flag, really innovative stuff.
Speaker 1:The lack of originality and clever thinking in modern social media is just ridiculous. Everyone had the exact same idea. There's a meme, we got to get on the action. And what's interesting is that a lot of these are beverage brands, it looks like. Drink Culture Pop, drink Hyo, drink Loverboy, drink Spritz, Bulletproof.
Speaker 1:I guess that's Bulletproof Coffee, Fashion Nova, New York City. Just the account New York City, I don't know. Petco, stop breaking treats in two. It is a fun meme format, but brands always it's very, very hard to break through if you're just piling on the top meme. What do
Speaker 2:you think? And yeah. So this whole thing was I when when I I first saw the the video of the flag going up
Speaker 1:Yep.
Speaker 2:And they kinda botched the flag. I'm not gonna lie. And it seems like they didn't fully anticipate the wind conditions that day.
Speaker 1:Mhmm.
Speaker 2:The flag was quite hard. Mhmm. The the writing on the flag was quite hard to read. Mhmm. I would have liked to see them erect like a full size, you know, billboard Mhmm.
Speaker 2:Up there.
Speaker 1:Something permanent.
Speaker 2:Yeah. Something something something, you know, more permanent Yeah. And and certainly more legible than the flag. And then the quote was, when the power of love overcomes the love of power, the world will know peace. But then they were just kinda making out and proposing.
Speaker 1:That's kinda cool.
Speaker 2:And yeah, just it it felt like
Speaker 1:It has it has a little bit of like the AI cadence to it or like the don't love your job, job your love.
Speaker 2:I mean, that's a make a lot of sense. Yeah.
Speaker 1:Yeah. Could be a little more terse, I suppose. But anyway
Speaker 2:I just don't know if they were
Speaker 1:I'm still impressed. It's just hard. Yeah.
Speaker 2:It was quite impressive.
Speaker 1:With a climbing. How did they did they climb up from the sidewalk or did they take the elevator and then hop out and then start climbing? Cause this wasn't like an Alex Honnold from the base free climb, free solo
Speaker 2:fast is this helicopter going by the way?
Speaker 1:That's just the lens, baby. This is a 600 millimeter lens. Lens compression, Jordy. You're learning
Speaker 2:optics.
Speaker 1:Is looking through a telescope, basically.
Speaker 2:Dave says, quick tip for goth couples from the Matrix. Make sure to account for wind speed. Yeah. I agree.
Speaker 1:I heard some some a recording of a helicopter pilot who was dispatched sort of emergency response, NYPD. And I think with helicopter pilot, it's like they're like, alert, sir. We have two individuals on the top of the Empire State Building. He like, that sounds cool. He's like, that's awesome.
Speaker 1:Why are they up there? And they're like, well, they're not supposed to be. They're trespassing. He's like, oh, okay. Bummer but still impressive.
Speaker 1:Anyway Yeah.
Speaker 2:Good good story. Good story for them. I don't know if it made the the sort of maybe political impact or whatever impact they were trying to have but happy for them.
Speaker 1:Mhmm.
Speaker 2:And congratulations to to the couple.
Speaker 1:Yeah. You know
Speaker 2:what I need, John?
Speaker 1:What do you need?
Speaker 2:Jensen's signature black leather jacket. Oh, yeah. His leather jacket by Tom Ford is being auctioned off. I'm so curious
Speaker 1:What was the
Speaker 2:how this ended up with Sotheby's? Did Jensen pass it along? He needed a few happened
Speaker 1:here.
Speaker 2:He needed a few bucks and just said like, you know, wanted to use it as a way to raise some capital or did someone else get their hands on it and take it to Sotheby's? I so there the estimate from Sotheby's is 40 to $60,000. Mhmm. I just think this goes way higher. Mhmm.
Speaker 2:I think there's so many people that would love to to own this just for the the novelty of it.
Speaker 1:Mhmm.
Speaker 2:It's a very unique item that will be a part of history.
Speaker 1:Yeah.
Speaker 2:And so, 40 to 60 just seems way too low.
Speaker 1:What's funny is a lot of the people that can afford this are like competing with Jensen and probably don't wanna glaze them too much. Like, don't see Mark Zuckerberg pulling this up probably because he's like, I'm I'm gonna be the best. I I'm gonna have the biggest market
Speaker 2:spend the most money with you. Yeah. I'm not just buying your GPUs. I'm buying your old clothes. Yeah.
Speaker 2:I'm buying your old clothes.
Speaker 1:We gotta close out maybe with this with this Jensen meme from Andre. I wake up, not a loser, infinite money because Meta employees consumed 73,300,000,000,000 AI tokens in a single month, which roughly costs $221,000,000 a month or around $2,650,000,000 a year. I thought it was higher. That sounds low based on what I thought they were spending in terms of tokens. Might even be higher, who knows?
Speaker 1:But it is very interesting. NVIDIA has also partnered with AI cloud firms with revenue sharing, taking circularity to a previously unseen level. I don't know. Sale and leaseback, all sorts of these financial deals, these happen all the time in other industries. It's just sort of new seeing it in tech because we are in this industrial era.
Speaker 1:So, very interesting news, but good news for Nvidia. Anyway, thank you for watching TBPN. We are off tomorrow. It is Fourth of July. So we're having a long weekend, folks.
Speaker 1:And we'll see you on Monday. Cortisol rising. Have a good night. Flashback. We love you.
Speaker 1:Goodbye.