B (1:51)

Sure. I don't really know. I think people will buy it and say, yeah, I'm paying 20k and then I'm also paying $2 an hour for someone to tell operate this thing and actually do the dishes effectively.

A (2:03)

I'm a huge teleoperation bowl.

B (2:05)

Look, you can Teleoperate a Porsche. You put the robot in the Porsche and then you are driving the car.

A (2:11)

There we go.

B (2:12)

Remotely. I'm sure there won't be any problem operating the three pedals at 75 miles an hour.

A (2:19)

If somebody maybe had a few too.

B (2:21)

Many drinks, you could put this.

A (2:22)

And so they legally couldn't operate a vehicle. Could they tell. Operate on their phone. A robot that was Dr. Driving the vehicle?

B (2:30)

Absolutely.

A (2:30)

I love that this robot looks unique. I think they have like a. I love the color choices. Very kind of like skims adjacent almost. This is a new take on a robot and they're going for cute. But if this thing is being teleoperated in your kitchen, let's say it's loading like dirty dishes from your sink.

B (2:49)

Yeah.

A (2:50)

Into the. Or from your table into your dishwasher. And then it picks up a big knife and it just starts moving over and then it just pauses there. You look over at your robot and it's just sitting there looking at you like this with a knife in its hand. Are you not going to get a little freaked out? This thing looks cute, but the second it's got, like a kitchen knife in its hand and it's looking at you, does it really look that cute?

B (3:16)

Is it cute? I would give this like an 8 out of 10 on the cute scale.

A (3:20)

But I'm giving it an 8 out of 10 too. Until it picks up the kitchen knife. I without a mouth.

B (3:24)

I without a mouth is maybe an odd choice. Yeah.

A (3:27)

One thing I don't understand is the pricing strategy. So $499 a month.

B (3:32)

Yep.

A (3:33)

Or 20 grand.

B (3:35)

Yep.

A (3:35)

I do have some facts here from their faq. Will my NEO be fully autonomous? NIO works autonomously by default for any chore request. It doesn't know you can schedule a 1x expert to guide it. Who are the 1x experts? 1x employees physically present in the USA.

B (3:50)

Okay.

A (3:50)

So that's interesting. My sense is that the unit economics on these are going to be really, really, really rough initially.

B (3:58)

Yeah.

A (3:58)

Because these 1x experts in the USA are by default going to be making a lot more than like $2 an hour wage.

B (4:04)

The magic here is like, it's half actually figure out the technology and half like financial engineering. You have to do this extremely delicate dance where you keep the capital coming in and burn and burn and burn. And you're probably burning more every year for a really long time. And then at the end, you get the incredible reward. We saw this with Waymo. Waymo was founded in 2009. It's been 16 years. And then you look at VR. How much money has Mark Zuckerberg invested in the Metaverse? How much money has Reality Labs burned without it turning into a cash cow? Like, they're not, they're still not making money off of Reality Labs. When you're going after these, like, frontier technologies, these really broad moonshots, you just wind up burning money for a decade potentially. And can you stay in the game as a venture backed company? It's really, really hard. But at the same time, these types of moonshots are exactly what venture capitalists should be going after. This is the goal of venture capital.

A (5:04)

Can't wait to hook this bad boy up to a reasoning model and 11 labs and send it door to door selling knives. My concern is that having a humanoid in the first at least few years will be like having a four year old helping you.

B (5:20)

I'm just imagining being like, oh, yeah, wow. I just had like a fantastic dinner. 20 of my closest friends came over. We had a dozen bottles of wine. It was great. Hey, Neo, can you clean those 25 wine glasses up? And it's like, no problem, boss. Smash, smash, smash. Just shattering everything. Just like slipping on the glass and like falling.

A (5:45)

Buy the robot. Get hired as a remote robot operator. Become your own robot. Get paid to do chores and chill in your own house. This is the job of the future, folks.

B (5:58)

Tyler, what are you thinking?

C (5:58)

I would like to see them go the Uber route. Right. You saw those tasks that drivers can do in between rides.

B (6:04)

Yes.

C (6:04)

So then they can just put on the VR headset. If they don't have a ride currently, then they just tell it, operate for a little bit. And then, you know, maybe they're only halfway through their task when the, when the next drive comes in, then someone else, just because we don't know who's behind the robot. So it could be multiple people.

B (6:19)

It's true.

A (6:19)

Zuckerberg's clanker watching yours and your wife's clanker in 2035.

B (6:24)

The clanker slurs are going to be through the roof over the next few years.

A (6:28)

Whatnot from YC Winter 2020 is now a decacorn.

B (6:34)

Congratulations.

A (6:35)

Whatnot has raised 225 million at an $11.5 billion valuation the company plans to announce on Tuesday. It seems like live shopping might finally.

B (6:43)

Be working in America. We've heard about it in China. Oh, it's so massive in China. We were wondering when it would come to America. It feels like it must have came in China.

A (6:52)

People will just straight up buy, like vegetables yeah, they'll be like people be selling coconuts live streaming here. It's like trading cards, sports cards, various collectible toys.

B (7:01)

Let me tell you about vanta.com Automate compliance. Manage risk, improve trust continuously. Vanta's trust management platform takes the manual work out of your security compliance process and replaces with continuous automation.

A (7:11)

We have been in serious problem. They're saying this is ASML talking about Substrates Approach and their new lithography system. So we can get more info from James in a little bit, but this company was announced yesterday and announced about. Was it 100 on a billion straight out the gates?

B (7:32)

Hundred on a billion straight out of the gates.

A (7:35)

Not bad. Not bad. Logan Paul was a Series A investor and whatnot, so he's going from a 90 million to an $11.5 billion valuation. Not too shabby at all.

B (7:47)

It makes so much sense that Logan Paul would have invested in this company. He's seen firsthand every single iteration and turn of what's happening on social media, on content, on commerce.

A (7:59)

An IPO is now the most likely path forward for OpenAI, given the scale of capital the company will need going forward. No surprises. No surprises there.

B (8:09)

Yes.

A (8:10)

More important news. There's an abandoned McDonald's that NASA turned into a Moon Probe Picture Recovery Lab.

B (8:17)

What? What is a Moon Probe Picture Recovery Lab?

A (8:20)

They're calling it McMoons.

B (8:22)

Is it AI?

A (8:22)

No. No, it's not AI.

B (8:24)

Nick, if United came out and said, we now have parachutes on board and you have a choice. You're flying to New York from LA and you have a choice between Delta, which does not have parachutes, and United, that does have parachutes. Tyler, which one are you picking?

C (8:43)

I don't think I want my airline to have parachutes.

B (8:46)

Why? That makes you way more scared.

A (8:47)

Why?

B (8:48)

It's a pure upgrade in safety.

A (8:51)

Hard to understate what a blow this would be for American leadership in AI if this happens. He's talking about how Trump has suggested he was open to providing China with access to Nvidia's Blackwell chips as part of a trade deal, which would represent a major concession and rile up national security hawks in Washington. Maybe Trump is doing a little 5D chess. It's possible that he realizes that AI is about infinite slot machines.

B (9:15)

Yes. Adult content.

A (9:18)

It's actually in America's interest to get as many Blackwells to China as possible.

B (9:23)

So that they all get one shotted. This is the modern information war. This is the cybernetic future war that's happening between America and China.

A (9:33)

You can only have the Blackwells if you give a free plan of GPT4O every citizen.

B (9:38)

Xi Jinping's just. You're absolutely right. I would love to give every citizen ani with sexy mode. In other news, Oliver Cameron, friend of the show, introduced Odyssey 2 instant interactive AI video. Type a few words and AI instantly imagines a video that feels alive. So the real time video generation wars are in full swing. Having some AI follow you into your Zoom meetings or Google Meet for taking notes is the digital equivalent of showing up to a meeting with your fly down. What do you think? You're anti Clanker in the group chat?

A (10:15)

I'll never let him in.

B (10:16)

Golden age of private credit is over. Private credit. Winter is coming.

A (10:21)

Guy named Jason who says that's nice, but I'd prefer not to lose any money. So please make sure the government is prepared to cover all potential losses. If not for everyone, then for me and my cohort specifically. Warm regards.

B (10:32)

Me and my cohort. What does that mean?

A (10:36)

Bending spoons.

B (10:38)

Yes.

A (10:39)

European software conglomerate has acquired America Online AAOL and raised 2.8 billion of debt to get it done. It's painful that America Online will be owned by a European software conglomerate, but let's hit the gong for raising 2.8 billion in debt to buy a legacy digital asset. I'm. So we gotta have somebody on from bending spoons because I. I don't. I don't feel like I have a good understanding of this company at all. They acquired Evernote. Evernote. They acquired. We transfer.

B (11:15)

It's such a funny name for this company.

A (11:17)

They acquired Vimeo, so they are kind of all over the place.

B (11:23)

We will talk to you later.

A (11:25)

Have a great, beautiful, productive evening. Night. See you tomorrow.