Limitless: An AI Podcast

We need to discuss Meta’s new subscription plans for Instagram, Facebook, WhatsApp, and AI. Then we'll compare them with offerings from Google, Claude, ChatGPT, and X. Can Meta justify its AI spending? If not, what possible fallback strategies can they lean on?

We also explore StarCloud’s planned orbital data center, Cognition’s funding round, a new agentic coding benchmark, Pope Leo’s AI manifesto, and Snowflake’s post-earnings stock jump.

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TIMESTAMPS

0:00 Meta’s New AI Subscriptions
2:51 Comparing Subscription Tiers
9:23 Meta’s Revenue Pressure
10:30 SpaceX Goes Orbital AI
13:42 Cognition's Big Raise
15:37 The AI Pope
18:37 New Benchmarks, New Winners
20:30 Snowflake’s SaaS Comeback

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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:
Everyone needs to stop forgetting about Meta, the social media company turned

Josh:
AI company, because this week they have released quite a few new plans and options

Josh:
that I think are going to be interesting to someone.

Josh:
If you're watching this, chances are you will be affected by these new subscriptions.

Josh:
What we're going to do is not only share the new meta subscriptions,

Josh:
but also compare them to all the existing subscriptions that you can go and

Josh:
pay for, whether it be for social media platforms like X or through AI like

Josh:
Gemini, Claude, Anthropic.

Josh:
There is now a full spread of all the different types of subscriptions you could

Josh:
have to different models.

Josh:
And we're going to walk through them systematically, starting with Meta,

Josh:
who started on the social front this week, offering $4 plans for Instagram,

Josh:
Facebook, and WhatsApp.

Ejaaz:
Yeah, exactly. So Meta is getting into the subscription game,

Ejaaz:
which they're probably following in the lead of like Anthropik and OpenAIR.

Ejaaz:
They're seeing these annual recurring revenue numbers just kind of skyrocket.

Ejaaz:
And they're like, I want some of that as well.

Ejaaz:
Also, So like a bit of important context here, Meta's now spent around $30 billion

Ejaaz:
between AI CapEx GPUs and like acquiring talent and trying to build their own

Ejaaz:
AI products. But I mean, Josh, I think you share the same opinion.

Ejaaz:
Which of the meta AI products have you actually used. This is their kind of

Ejaaz:
like foray to try and get people to use it. So it comes in the form of a few

Ejaaz:
different subscriptions.

Ejaaz:
Now, the consumer ones look like Instagram Plus for not $4, but $3.99 a month.

Ejaaz:
You've got Facebook Plus at $3.99 a month, and you've got WhatsApp Plus at $2.99 a month.

Ejaaz:
Now, if you're wondering like why anyone would be using these kind of like individual

Ejaaz:
apps and individual subscriptions, it's because Instagram kind of caters towards

Ejaaz:
a content creator-focused type of platform.

Ejaaz:
Facebook Plus, a lot of enterprises and business run their business on there via ads.

Ejaaz:
The ad business for Meta alone is absolutely huge.

Ejaaz:
And they're actually growing at a faster rate than Google did at the equivalent

Ejaaz:
time that they existed in their lifecycle right now.

Ejaaz:
And then you've got WhatsApp as well, which handles a lot of customer support

Ejaaz:
for a lot of these enterprises. So you can think about one particular user,

Ejaaz:
not just subscribing to one of these subscriptions, but many.

Ejaaz:
And then collectively, there's this new enterprise plan. I think it's on the

Ejaaz:
MetaOne AI subscription plan, which we'll get into in a second,

Ejaaz:
which is kind of like this collective suite of access.

Ejaaz:
Now, the thing that jumped out to me the most here is

Ejaaz:
honestly, how cheap the accessibility is here.

Ejaaz:
If you are a content creator, the chances are it's a very competitive game and

Ejaaz:
you're not really earning as much money as like some of these like Fortune 500 companies.

Ejaaz:
Now, if you want to get access to some, maybe not frontier intelligence,

Ejaaz:
But a model that's good enough to do the thing that you're hyper-focused on,

Ejaaz:
such as advertising or creating content or using the right SEO-timed words,

Ejaaz:
meta is in the attention game.

Ejaaz:
That is what all their models have been trained on, using their own data.

Ejaaz:
They've been in this game for over a decade and they know how to capture people's attention.

Ejaaz:
That's very useful for the particular type of users that they're going after.

Ejaaz:
But I wonder how this compares directly to some of the other major frontier

Ejaaz:
labs like Google or Anthropic.

Josh:
Yeah, a helpful way of looking at Metis plans is there's three different types of them.

Josh:
One is the one that we just mentioned for $4 a month, you get access to Facebook

Josh:
and Instagram plus, which gives

Josh:
access to extra features like profile customization, super reactions,

Josh:
story insights, among other things this is still very new we're still figuring

Josh:
out what exactly this includes second to this sitting on top of it are their

Josh:
standard plus premium and max plans those are if you are an actual creator on

Josh:
the platform that gives you the verified badge if you see people with blue check marks

Josh:
not on a platform like X, they are paying for these plans.

Josh:
That includes lots of things noteworthy. It doesn't include the skipping of

Josh:
ads. No matter what, you cannot escape ads, it appears.

Josh:
And then third to this, we have Meta's AI plan. And Meta's AI plan is the one

Josh:
that we're going to sit on.

Josh:
We're going to spend some time on and we're going to start comparing to the

Josh:
other companies because it's starting pretty cheap.

Josh:
Meta's AI subscription service starts at $8 a month.

Josh:
What does that get you? We're not entirely sure just yet. It's

Josh:
called meta one plus and it will give you access to presumably the latest

Josh:
in meta's ai tools what those ai tools look like

Josh:
we're not entirely sure this is all very new and novel but the second thing

Josh:
is the 20 a month plan and that 20 a month plan is seeming to be the one that

Josh:
wants to compete head to head with the other companies like claude and chat

Josh:
gpt and gemini so how does it compare is what we're going to get into here i.

Ejaaz:
Think a good place to start is uh looking at their creative plans and pricing

Ejaaz:
that they have for their existing subscriptions.

Ejaaz:
Now, this isn't the latest subscriptions that we just spoke about,

Ejaaz:
but it kind of implies what the other kind of new subscription types will include.

Ejaaz:
Now, I've noticed that across Plus, Premium, and Max, you have this thing being

Ejaaz:
brandished right in front of you, which is protect your brand.

Ejaaz:
I think a lot of Meta's users who are business users who care about the kind

Ejaaz:
of social image and branding online across all their different platforms...

Ejaaz:
Get a lot of impersonators so this is something that like i

Ejaaz:
think ai is going to result in a proliferation of it's

Ejaaz:
just kind of like fake content people that copy your content copyright issues etc

Ejaaz:
this kind of like collectively protects you against

Ejaaz:
that i'm wondering how that actually works but it seems like there's some

Ejaaz:
form of like agent interaction uh whether they're human or digital and there's

Ejaaz:
also maximized discovery i think this is really where meta kind of like shines

Ejaaz:
compared to like the google ai models the anthropic ai models and open air themselves

Ejaaz:
um Meta really has been focused on the search engine optimization role of things.

Ejaaz:
Now, in a world of AI, you can think that the search engine kind of like evolves quite a bit.

Ejaaz:
Google's been speaking about this quite a bit, which is the AI model itself

Ejaaz:
or the AI agent ends up becoming the customer.

Ejaaz:
And you need to cater to an AI agent versus a human.

Ejaaz:
That SEO role looks very different. And Meta is trying to pioneer what that model looks like.

Ejaaz:
The first model that they released a few months ago, I believe, is MewSpark.

Ejaaz:
And it excels at this type of work. Whereas compared to like regular LLM work, it kind of sucks.

Ejaaz:
Now, I want to look at like a direct comparison between Google,

Ejaaz:
Meta and the other likes. And we have this really cool artifact here.

Josh:
Yes. So thank you, Claude, for creating this artifact. We are clearly paying

Josh:
for the Claude plan, or at least I am to say the least.

Josh:
But this is a really helpful table that compares the different types of offerings

Josh:
from all these companies. We have Meta, Google, Claude, ChatGPT and X slash Grok.

Josh:
The entry level pricing is something that is used by almost all companies except

Josh:
for Claude at $8 per month.

Josh:
You can get access to meta one google's ai plan chat gpt

Josh:
and x slash grok on x that gives you the blue check mark plus access to grok

Josh:
chat gpt gives you the go plan so you get ads inside of your offerings that

Josh:
when you type into your llm claude noteworthy doesn't do ads so they have no

Josh:
plan at this level google plus is ai supported and then the same with meta one

Josh:
now standard is the 20 a month.

Josh:
X is noteworthy and the fact that they don't have one they

Josh:
actually started $30 but among the others this is

Josh:
the point where i think a lot of people will pay the most attention because people

Josh:
are willing to pay $20 a month and in most cases it's very much worth it if

Josh:
you are using a chat gpt plan if you are using a cloud plan that's free you're

Josh:
currently on an old cheap model that doesn't really work nearly as well as the

Josh:
frontier models are and if you want to judge the progress of ai models,

Josh:
you really need to be on this $20 a month plan because it at least gives you

Josh:
access to the Frontier models as they're being released.

Josh:
To Opus 4.7, to ChatGPT 5.5, and Gemini and soon Meta's new offerings.

Josh:
So if we're comparing these, the standard level, I'm not sure who would really

Josh:
want to pay $20 for Meta's offering when you can go and get ChatGPT premium,

Josh:
Claude premium, Google premium even at the same $20 price point. That's a bit difficult.

Josh:
Then these go up and really just the the higher tiers

Josh:
of this are more tokens so there's not a huge difference in

Josh:
terms of feature set it's mostly just the ability to use it

Josh:
more productively so as a starting point the 20 month plans are all very competitive

Josh:
except for the fact that two of these are frontier models and the others are

Josh:
not so if you're looking for frontier level intelligence top intelligence per

Josh:
token it's really cloud and chat gpt google has a lot of fun tools if that's

Josh:
where you like to spend your time.

Josh:
But aside from that, Meta and Grok's offerings leave a lot to be desired.

Ejaaz:
I'm kind of split on this, okay? So like on the one half, I agree with you.

Ejaaz:
On the other half, I'm like, I do think Meta is going after a different type of market.

Ejaaz:
Like when I look at like a $7.99 a month plan, I instantly think of OpenAI's ChatGPT Go plan.

Ejaaz:
Do you remember they launched that specifically just in India?

Ejaaz:
And I think it was like five bucks a month.

Ejaaz:
That resulted in adding, I think it was like tens of millions of new users over

Ejaaz:
the next couple of weeks since they launched it, right?

Ejaaz:
And I think that Metz is trying to do a similar thing here. They're going for

Ejaaz:
a very specific archetype of individual, which is like,

Ejaaz:
You're out in the content game. They understand that, like, you may not have

Ejaaz:
an abundance of money yet, but they want to kind of, like, lead you on that exponential.

Ejaaz:
And they know that they have search and discovery kind of, like,

Ejaaz:
nailed to the bone. And so they want to kind of, like, offer that or be the

Ejaaz:
first major AI provider for that.

Ejaaz:
Now, on the other hand of things, like, I can imagine as I see all these,

Ejaaz:
like, new models released from Anthropic and OpenAI, the next model release

Ejaaz:
means that the previous models released is, like, even cheaper.

Ejaaz:
In fact, the newer model releases end up being cheaper than the old model releases,

Ejaaz:
which is kind of antithetical because you like get a smarter model which

Ejaaz:
is kind of cheaper than the previous model so it's like bang for your

Ejaaz:
buck i also think that with more gpus and

Ejaaz:
semiconductors as that all scales you end up just getting uh

Ejaaz:
more tokens per watt i believe it's performance per watt it's just going to

Ejaaz:
end up kind of driving lower so i don't know about the staying power of meta

Ejaaz:
subscriptions here their models do need to improve pretty rapidly and this kind

Ejaaz:
of leads me on to like an overarching theme that i have on meta which is this

Ejaaz:
is actually like good news for Meta.

Ejaaz:
And this is desperately needed by Meta because they've blown around $30 billion

Ejaaz:
over the last 12 months, acquiring talent and investing in this AI thing with

Ejaaz:
nothing to show for it. They released a MuseSpark model.

Ejaaz:
It was kind of like whatever people have forgotten about it.

Ejaaz:
People aren't really kind of using it aside from people who actually use Meta's different platforms.

Ejaaz:
But this could technically or theoretically on paper result in kind of like a goldmine for them.

Ejaaz:
If you imagine like they can convert like 100 million users for like their $20

Ejaaz:
dollar a month plan, that is reasonable income coming in.

Ejaaz:
But I've also seen comments from Zuck earlier this week, which talks about if

Ejaaz:
this doesn't play out, this subscription thing,

Ejaaz:
if their AI models aren't used by a lot of people, they're willing to go down

Ejaaz:
the NeoCloud route, which is what Elon Musk has done recently,

Ejaaz:
and partner with major AI labs to rent out their compute and data classes,

Ejaaz:
which they've invested billions of dollars in.

Ejaaz:
So I think Zuck is being pressured quite a lot by shareholders at this point.

Ejaaz:
He's being forced to kind of show some kind of revenue, he fired or laid off

Ejaaz:
8,000 plus people over the last seven days.

Ejaaz:
And that was like one of like, I think five cuts in the last couple of months.

Ejaaz:
So Meta's like backed into a corner right now and they need to kind of like

Ejaaz:
show the goods or they need to pivot pretty aggressively.

Josh:
You mentioned the word neocloud, which is funny because I have some neocloud news.

Josh:
This is, again, if you're listening to this, this is a Friday roundup.

Josh:
We're covering all the news. So we're going to speed run this.

Josh:
It's a very busy morning at Limitless HQ.

Josh:
So we're going to try to get through these as quick as we can,

Josh:
starting with the StarCloud news, which I found to be really interesting.

Josh:
Elon and SpaceX have a new partner. They are working with, it's funny enough,

Josh:
Gavin Baker here is in the photo. We just recorded an episode with him yesterday about his portfolio.

Josh:
Clearly he is bullish on space. And the announcement is that StarCloud

Josh:
is building star cloud three that is going to

Josh:
be launching on the new spacex starship this is

Josh:
starship version three this is the test flight that they just had last week that

Josh:
we covered and the idea is that that three-ton

Josh:
spacecraft is designed to fit inside of the pes dispenser inside of starship

Josh:
the ceo philip johnson claims that star cloud three would be the first orbital

Josh:
data center that's actually cost competitive with terrestrial at about five

Josh:
cents per kilowatt if commercial costs land near $500 per kilogram.

Josh:
So again, this is fully contingent on Starship being able to get it up into orbit.

Josh:
The idea is that commercial access should open up around 2028-2029 given the

Josh:
amount of time that it's going to take to get Starship online and then start launching these,

Josh:
aircraft in space but it's a really cool announcement where we have an actual,

Josh:
client for SpaceX that is going to be launching serious payloads into space

Josh:
and fully pursuing the AI data centers in orbit plan.

Josh:
It's going to take a little while but this is where we build the foundation

Josh:
this is where companies are starting to plan these launches for the next couple of years.

Ejaaz:
We have another SpaceX AI alliance member Josh you know over the last couple

Ejaaz:
of weeks you've got Elon partnering with Anthropic twice you've got them partnering

Ejaaz:
pretty aggressively with cursor,

Ejaaz:
which is going to result in a $60 billion acquisition 30 days after the IPO,

Ejaaz:
which is expected to be sometime next month.

Ejaaz:
And now you've got this partnership with StarCloud. Now, what I love about this

Ejaaz:
is if you think of SpaceX owning the highway or the toll booth into space,

Ejaaz:
they're going to need the goods to be putting out into space, right?

Ejaaz:
So they've got Anthropik to kind of tentatively agree to say like,

Ejaaz:
yeah, we're going to actually use some of your space AI data centers,

Ejaaz:
but also you need the goods to get out there.

Ejaaz:
Now, Elon Musk is investing a ton of money over the next five years into something

Ejaaz:
called the TerraFab, which will end up becoming the largest chip fab in America

Ejaaz:
if it plays out how he plans it to.

Ejaaz:
And there's an interesting statistic from that goal, which is 70% of the chips

Ejaaz:
that are produced are going to be radiation hardened and sent out into space.

Ejaaz:
So he's very much like committing his entire focus and goal into this.

Ejaaz:
That's why the SpaceX IPO is valued at expectedly a $2 trillion valuation.

Ejaaz:
But he needs the goods to be able to do that now I'm looking at this tweet up here

Ejaaz:
Saying that StarCloud recently, or is in the process of raising $200 million

Ejaaz:
at a $2 billion valuation, that is cheap.

Ejaaz:
If StarCloud can actually put out radiation-hardened GPUs, which, by the way, they have.

Ejaaz:
There's currently, I think it's like a stack of like H100s that are currently

Ejaaz:
orbiting space that are training and inferencing on it, as Gavin mentioned in the previous tweet.

Ejaaz:
What's stopping Elon from acquiring them and now having the actual goods to

Ejaaz:
be able to do that? Obviously, he's still relying on NVIDIA.

Ejaaz:
He has a good partnership with them. But I just I'm extremely bullish about

Ejaaz:
this, and I like that he's choosing to kind of partner with different firms

Ejaaz:
versus trying to build everything himself.

Ejaaz:
But moving on, there is another company that is raising a pretty decent valuation

Ejaaz:
right now, Cognition, which is the, I believe they started Devin,

Ejaaz:
yeah, two years ago, which was the OG AI agent.

Ejaaz:
They raised over a billion dollars at $26 billion valuation.

Ejaaz:
Now, the coolest part about these guys is everyone thought that they were completely

Ejaaz:
cooked after Anthropic and OpenClaw kind of like launched their like autonomous agents.

Ejaaz:
But what I liked about Cognition is they have a lot of staying power.

Ejaaz:
And we've spoken about on previous episodes that there's this company called Cursor.

Ejaaz:
And everyone blamed them for being like kind of like, or criticized them for

Ejaaz:
being like a rapper, a thin rapper around an AI model.

Ejaaz:
But what ended up being the case was they had this sort of agent harness,

Ejaaz:
this agent mode, which kind of like orchestrates how models work.

Ejaaz:
Uses the right models, uses the right prompts, and it's an incredibly valuable

Ejaaz:
mode when it comes to training a model.

Ejaaz:
Cognition is probably second in the ranking of having or owning this particular type of mode.

Ejaaz:
And Josh, I know you wrote an entire essay about this recently.

Josh:
I'm a big fan of harnesses. I really like harnesses. If you haven't subscribed

Josh:
to a newsletter, I would highly recommend.

Josh:
I released an entire essay about harnesses earlier this week.

Josh:
It's basically all of the peripherals required to turn the brain of an LLM into

Josh:
a full body, into something fully capable of doing agentic tasks that are long-running.

Josh:
One thing I found funny from this announcement was the idea that Cognition uses

Josh:
now 90% of their own code.

Josh:
And if they're valued at a $26 billion valuation, clearly there's a lot of value

Josh:
there. So this is a continuation of the wrapper wars.

Josh:
We now kind of have very clear winners on who's winning the LLM wars,

Josh:
the large language models that sit on the frontier, how you package them,

Josh:
how you add a harness for them will be the differentiator.

Josh:
We saw Cursor with a $60 billion deal with SpaceX. Now we have Cognition raising another big round.

Josh:
The current war, that new frontier, is being fought on the wrapper level with the harnesses.

Josh:
Cognition's the new eccentric in that. I'm pretty bullish, pretty excited on Cognition.

Ejaaz:
Josh, on your bingo card for this week, did you expect the Pope to sign a partnership

Ejaaz:
with the Major Frontier AI Lab?

Josh:
A partnership? Tell me about this partnership. What do you mean partnership?

Ejaaz:
Okay, so listen, we don't typically get into the swing of reviewing biblical

Ejaaz:
architecture here on this show, but we are going to today.

Josh:
Who got the mandate of heaven?

Ejaaz:
Yeah, yeah, exactly. So Pope Leo kind of blew the newsroom wide open this week,

Ejaaz:
releasing his Magnifica Humanitas of His Holiness, Pope Leo,

Ejaaz:
on safeguarding the human person in the time of artificial intelligence.

Ejaaz:
Now, my initial reaction to this is,

Ejaaz:
I actually kind of love it because kind of like the religious pious leaders

Ejaaz:
don't tend to kind of like technology a lot or get involved with it much.

Ejaaz:
The fact that he's written, I believe this is like a 50 page plus script on

Ejaaz:
his kind of like thoughts of how this plays out,

Ejaaz:
how AI is going to evolve, how it kind of equates to like ethical use and religious

Ejaaz:
scripts. He gets into a whole thing.

Ejaaz:
Like there's this thing I was reading earlier on where it's like between two

Ejaaz:
biblical images and talks about the construction of the Tower of Babel and these

Ejaaz:
two scenes within the Bible.

Ejaaz:
And the main takeaway that I got from this entire thing is he's trying to be

Ejaaz:
extremely thoughtful and careful about how these models are developed because

Ejaaz:
he knows about the power of influence that these models will have on kids,

Ejaaz:
young adults, and everyone across every single age in the future.

Ejaaz:
And so he knows that it's gonna guide a lot of education and learning about

Ejaaz:
religious scripts and all these kinds of things. And so he wants to make sure

Ejaaz:
that it's developed in the right way.

Ejaaz:
Now, one of the biggest call to actions that he has out of this entire document

Ejaaz:
and the preceding hearing or talk or discussion that they had after this was,

Ejaaz:
He wants there to be governance instilled into this.

Ejaaz:
Now, the governance, he suggests, comes from two particular parties,

Ejaaz:
one being the national government that runs the entire country,

Ejaaz:
respective country where it's operating in,

Ejaaz:
the model it's operating in, as well as the church or religious groups involved

Ejaaz:
so that they can kind of mold the personality and ethics of this.

Ejaaz:
Now, when I kind of like speak about this, I think of one particular AI lab,

Ejaaz:
which is Anthropic, who have been speaking to religious leaders independently

Ejaaz:
of their own accord over the last, I believe, couple of months.

Ejaaz:
And the Pope actually calls that Anthropic saying like, we would like to walk

Ejaaz:
together. So I thought that was a pretty interesting update.

Josh:
That's fun. It's nice when there's more awareness being raised around the idea.

Josh:
It's like this will bring a lot of new eyes to the world of AI.

Josh:
It will start a conversation that is going to need to happen.

Josh:
It is going to bring awareness in a way that is constructive,

Josh:
not damaging, hopefully. And I think it's just, it's a fun...

Josh:
Cool thing and it's a testament to how large ai has

Josh:
gotten where this is now sitting at a global scale and it is top of

Josh:
mind and i like the idea that all of these people are going to be working together

Josh:
to figure out the best way to navigate forward as a society and that that's

Josh:
pretty exciting so glad i'm glad the pope's getting on board and uh hopefully

Josh:
a lot of people who you know respect and trust him will take ai a little bit

Josh:
more seriously and start considering this conversation and.

Ejaaz:
Then next on the docket we have two more topics we're going to breeze through

Josh:
It All right, bang them out.

Ejaaz:
Josh, something that you and I complain about a lot is when a new model releases,

Ejaaz:
you have these fancy benchmarks, right?

Ejaaz:
But we don't know what that means. And often these benchmarks are maxed out

Ejaaz:
or gamified and doesn't actually tell us or portray what the model can actually do.

Ejaaz:
So let's say a model is super good at coding and then a software engineer actually

Ejaaz:
uses it for their specific work. It's actually not good enough.

Ejaaz:
Now, what a bunch of people ended up doing was they developed this new benchmark

Ejaaz:
called DeepSWE, and it focuses on agentic AI engineering specifically.

Ejaaz:
So when you spin up multiple instances of Claude or ChatGPT,

Ejaaz:
for instance, to do a bunch of your coding work in parallel, how good is it actually?

Ejaaz:
Now, the typical benchmark, and this is, by the way, like the holy Bible, to use a pun here,

Ejaaz:
of the holy grail of benchmarks, which is software engineering verified,

Ejaaz:
which is what every AI lab kind of like shows off when they release a new model.

Ejaaz:
Currently, Claude and ChatGPT

Ejaaz:
at the top of this, but it's tested against pre-approved solutions and answers

Ejaaz:
against a particular problem. So the model already knows the answer.

Ejaaz:
And so it's not really authentic or genuine.

Ejaaz:
What this benchmark ends up doing is providing not only new problems of which

Ejaaz:
the models have no idea what the answer is, they're not given the answers beforehand,

Ejaaz:
but also real long horizon tasks that go for between 7 to 12 hours.

Ejaaz:
And so they're put to the test. And we have a new ranking over here.

Ejaaz:
GPT 5.5 and GPT 5.4, their predecessor model is number one and two of this new benchmark.

Ejaaz:
You've got Claude Opus 4.7 just behind on 54% and Sonnet 4.6 as well.

Ejaaz:
Gemini 3.5 Flash, even though it is their latest model, comes out at a pretty poor 28%.

Josh:
Yikes. I do like the idea of more benchmarks. I think benchmarks are fun. They are important.

Josh:
They are oftentimes games. So if we can come up with ways in which we could

Josh:
organically test these,

Josh:
if you ask me the way that i choose to

Josh:
do my benchmarks it's purely vibes based i'll get

Josh:
in i'll do the day-to-day task you could very much feel a model

Josh:
if you use it every day you could feel where it's better feel where it's worse i find

Josh:
that they're oftentimes spiky in the sense that they're very very

Josh:
good at specific things and oftentimes a lot weaker than others and that

Josh:
kind of spike complex changes over time as these

Josh:
new models get released but i'm glad we have a more formal way

Josh:
of doing this greater than vibes and greater than the

Josh:
things that have been gamed recently now last thing on the agenda is

Josh:
snowflake stock um the headline i'm seeing is snowflake stock jumps 30 percent

Josh:
in a day this was after the earnings report that just came out this week and

Josh:
for those that don't know snowflake is a cloud compute providing platform and

Josh:
clearly they've done something right because uh wow this is a lot of revenue in one day.

Ejaaz:
Yeah, so to give a bit of context here,

Ejaaz:
there's something, there's a phenomenon happening called the SaaS-pocalypse,

Ejaaz:
software-as-a-service apocalypse, where basically as Claude and ChatGPT end

Ejaaz:
up upgrading their own models,

Ejaaz:
they become able to replace a bunch of subscription software tools and services

Ejaaz:
because they could just vibe code it or rebuild it from scratch.

Ejaaz:
And this has led to a massive decline. I'm talking tens to hundreds of billions

Ejaaz:
of dollars lost in the stock market for all these different SaaS products.

Ejaaz:
I remember a time where Anthropic would release a plugin update for,

Ejaaz:
let's say, a security review tool, and all the cybersecurity stocks were absolutely done, right?

Ejaaz:
And so the point here is the trend has been kind of not only broken, but inverted.

Ejaaz:
Snowflake, which is a major SaaS provider for a lot of enterprise companies,

Ejaaz:
not only had their stock jump up 35%, but it's because they defined a moat that

Ejaaz:
sat on top of Claude and ChatGPT.

Ejaaz:
Now, in previous episodes, we've spoken about Anthropic and OpenAI signing what's

Ejaaz:
known as a joint venture with some major private equity firms.

Ejaaz:
And the intention of this is to place their own engineers, they're known as

Ejaaz:
forward-deployed engineers, into Fortune 100 companies so that they can kind

Ejaaz:
of like design and architect-specific workflows, so AI-agentic workflows,

Ejaaz:
using Core or using ChatGPT.

Ejaaz:
Now, the only reason why they would be doing that is because their own generalized

Ejaaz:
LLM isn't good enough. And so you need someone to kind of like guide this kind of orchestration.

Ejaaz:
Snowflake is basically arguing in their latest quarterly earnings that they already have that data.

Ejaaz:
They already have that design and they're doing it themselves using a mixture of Claude and ChatGPT.

Ejaaz:
And that's why the stock jumped up massively. It just shows that not only are

Ejaaz:
SaaS companies here to stay, but they also might be having or creating a defensible moat.

Josh:
I feel like we need a dartboard that we can start throwing darts at to pick

Josh:
the companies that are going to go up 30% because every week it seems like there

Josh:
is 10 new ones that are going absolutely nuclear.

Josh:
But that wraps up the episode today. Thank you all so much for watching.

Josh:
If you have made it through all of our previous episodes this week,

Josh:
you are now fully caught up.

Josh:
You can go touch grass, enjoy your weekend, have an amazing time.

Josh:
And we will be back as always with a new episode starting bright and early next week.

Josh:
Thank you guys so much for watching. Have an amazing weekend and we'll see you next time.