🍼 “Stox4Kidz” — $1k baby accounts. SmartLess’ podcast phone. Zuck’s AI dragons.

Summary

Podcast Summary: The Best One Yet – Episode 🍼 “Stox4Kidz” — $1k Baby Accounts, SmartLess’ Podcast Phone, Zuck’s AI Dragons

Release Date: June 11, 2025
Hosts: Jack Crivici-Kramer & Nick Martell
Description:
Feel brighter every day with this 20-minute pop-business news podcast. Jack and Nick deliver the three essential business stories of the day with fresh perspectives, perfect for your morning routine. Formerly known as “Snacks Daily,” the duo continues independently from Robinhood.

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1. Stox4Kidz: $1k Baby Brokerage Accounts

Overview:
Jack and Nick delve into a groundbreaking policy proposal dubbed the "Baby Brokerage" initiative, which aims to grant every newborn in America a brokerage account funded with $1,000 worth of stocks. This initiative seeks to foster financial literacy from an early age and provide a head start in investing.

Key Points:

• Policy Details: The Baby Brokerage account would automatically invest $1,000 in an index fund, such as the S&P 500, for each newborn. Parents can contribute an additional $5,000 annually, all tax-deferred until the child turns 18.

• Legislative Support: Eight major CEOs, including Michael Dell, have pledged to match government contributions, doubling the investment and significantly boosting the program's impact.

• Political Context: While widely supported by business leaders, the proposal has faced politicization, being referred to as "Trump accounts" in legislative texts. However, Jack and Nick emphasize that the funding comes from taxpayers, not the former president.

Notable Quotes:

• Nick (07:00): “If the baby was the stockbroker here, they'd be going all in on cow milk commodities. You know, really bullish on that full fat milk.”

• Jack (10:00): “With $1,000 of stocks for each kid in America, they could watch the money grow to $4,000 by the time they're 18, assuming the stock market grows 8% per year.”

Insights: Jack and Nick highlight the educational benefits of the Baby Brokerage, arguing that direct investment experience is the most effective way for young individuals to learn about financial markets. They also discuss the potential long-term economic benefits of fostering a culture of saving and investing from infancy.

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2. SmartLess’ Podcast Phone: Smartless Mobile

Overview:
The hosts explore SmartLess, a popular comedy podcast, branching out into the telecommunications industry by launching Smartless Mobile—a wireless phone service offering affordable plans tailored to modern usage patterns.

Key Points:

• Service Offering: Smartless Mobile provides wireless plans ranging from $15 to $30 per month for up to 30 gigabytes of high-speed data, utilizing excess bandwidth from T-Mobile.

• Target Audience: Aimed primarily at millennials, particularly those still on their parents' phone plans. Statistics show that 35% of American millennials remain on their parents' plans, presenting a significant market opportunity.

• Business Model: By addressing the overconsumption of data (since many users rely heavily on Wi-Fi), Smartless Mobile offers cost-effective plans without the need for traditional, expensive infrastructure investments.

• Churn Reduction Strategy: Emphasizing family plans to reduce customer churn, Smartless Mobile leverages the family unit's inertia to maintain a stable customer base.

Notable Quotes:

• Jack (12:43): “Smartless Mobile is gonna run on extra bandwidth that T Mobile has just laying around.”

• Nick (14:10): “If your parents are listening to this story, you may be getting a phone call tomorrow.”

Insights: Jack and Nick discuss the innovative approach SmartLess Mobile takes in the crowded wireless market by targeting a niche yet substantial demographic. They also analyze the benefits of family plans in maintaining low churn rates, comparing it to the highly competitive strategies of major telecom providers.

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3. Zuck’s AI Dragons: Meta’s $100 Million Talent Offers

Overview:
Mark Zuckerberg is reportedly spearheading an aggressive recruitment campaign to bolster Meta's artificial intelligence capabilities by offering unprecedented compensation packages to top AI talent, referred to as “AI Dragons.”

Key Points:

• Compensation Packages: Zuckerberg is offering individual contracts worth up to $100 million to attract elite AI professionals from leading companies like OpenAI and Google.

• Team Formation: The goal is to assemble a team of 50 AI experts to establish a new division within Meta named "Superintelligence," focusing on advancing Artificial General Intelligence (AGI).

• Strategic Investment: Meta is also preparing a $10 billion investment into Scale, an AI company, to further its research and development efforts.

• Competitive Landscape: In contrast to Meta's substantial investments, Apple is perceived as lagging in AI advancements, leading to a significant drop in its stock value following a recent event.

Notable Quotes:

• Nick (19:03): “We repeat, Zuck is gonna pay individual people 100 million bucks to join the company.”

• Jack (21:19): “But they actually pale in comparison to the one day drop Apple suffered on Monday.”

Insights: The hosts emphasize the massive scale of Meta's investment in AI, highlighting how Zuckerberg's personal involvement and financial offers underscore the importance of AI in the current technological race. They contrast Meta's proactive strategies with Apple's slower progress, suggesting that such initiatives are crucial for maintaining competitive advantage in the tech industry.

---

Additional Highlights

• Self-Driving Tesla Robo Taxis:
  Tesla has unveiled its Robo Taxis in Austin, Texas, marking the commencement of paid autonomous passenger services starting the following Thursday. However, Jack humorously dismisses this as a "lie," referencing the current absence of human drivers in the vicinity.

• Snapchat’s Smart Glasses Evolution:
  Snapchat is set to release a new iteration of its smart glasses, "Specs," which will feature enhanced AI capabilities, lighter designs, and improved functionality. Despite skepticism about competing with tech giants like Apple and Meta, Snapchat aims to capture market share through innovation.

• Chipotle’s New Adobo Ranch Sauce:
  In response to a 15% decline in its stock this year, Chipotle is launching its first new dipping sauce in five years, "Adobo Ranch," blending spicy adobo flavors with creamy ranch. This move aims to revitalize consumer interest and boost sales.

• Top Selling DVD of All Time – Finding Nemo:
  The hosts reveal that "Finding Nemo" holds the title for the top-selling DVD of all time, with 41 million units sold pre-Disney acquisition, generating nearly a billion dollars in revenue.

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Conclusion

In this episode of The Best One Yet, Jack and Nick provide insightful analysis on three major business stories: the Baby Brokerage initiative promoting early financial literacy, SmartLess' innovative entry into the wireless market targeting millennials, and Meta's bold recruitment of top AI talent to dominate the future of artificial intelligence. Their engaging discussion, complemented by notable quotes and detailed explanations, offers listeners a comprehensive understanding of these evolving business landscapes.

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Note: This summary excludes sponsored segments and non-content sections, focusing solely on the primary discussions and insights shared by the hosts.

Transcript

[Jack]

This is Nick, this is Jack.

[Nick]

It's Wednesday, so BJ, Wednesday, June 11th. And today's pod is the best one yet. This is a T boy.

[Jack]

The top three pop business news stories you need to know today.

[Nick]

Well, stocks are up, and I think I know why. Do you know why, Jack?

[Jack]

Cause I'm in town. Also.

[Nick]

Cause it's the ninth anniversary of your meet cute with Alex.

[Jack]

That's true. Nine years ago, I met Alex at a bachelor party. Can you believe that?

[Nick]

And who would think nine years later, stocks are rising in honor of your big day.

[Jack]

I think it's because I got her number. I got her number.

[Nick]

Which was 6,000 points for the S&P 500. Jack, three stories for today's pod. What do we got on the T boy?

[Jack]

For our first story, what happens if you give every baby in America $1,000 worth of stocks the day that they're born?

[Nick]

Well, we're about to find out. And we call it the baby brokerage.

[Jack]

For our second story, why is Smartless, a comedy podcast, launching a wireless phone company.

[Nick]

Well, Jack, it's because one out of three of us are on our parents phone plan.

[Jack]

And our third and final story. Mark Zuckerberg is offering top AI talent $100 million contracts if they'll come and work for meta.

[Nick]

We repeat, 100 million bucks. Not companies for people.

[Jack]

The reason Zuck is building a secret super intelligence AI team. So he needs to hire AI dragons.

[Nick]

Where are my AI dragons?

[Jack]

But yetis, before we hit that wonderful mix of stars.

[Nick]

Wonderful mix of stars. I love the mix.

[Jack]

Today, Jack, we millennials get accused of killing a lot in society, but Gen Z?

[Nick]

Oh, they just killed something hilarious.

[Jack]

The bar tab.

[Nick]

That's right. We killed cereal. They killed the bar tab.

[Jack]

Get this, anyone under 30, they're apparently not putting their credit card down.

[Nick]

Yeah, like Gen Z is closing out. Check, please.

[Jack]

Here's the context. When Nick and I were in our 20s, after college, you were a star if you started a tabby, Jack, there.

[Nick]

Was nothing more baller than the four words, I have a tab.

[Jack]

But according to the New York Times, people in their 20s today are prefer to pay for each drink and close out their tab each time.

[Nick]

We're talking paying per a pinot. Three drinks. That's three different swipes, three different signatures.

[Jack]

And the reason Gen Z is done with the bar tab. They're all pretty valid.

[Nick]

Yeah, these are pretty good, Jack. Like first Gen Z drinks less alcohol.

[Jack]

There's a good chance you're only getting one drink.

[Nick]

And it's probably a seltzer Second, Gen Z is used to Apple Pay.

[Jack]

They don't even understand what like a tab is.

[Nick]

They just tap to pay each time. And finally, it's just the financially responsible thing to do.

[Jack]

How are you gonna control your spending? And if your buddies have the ability to put their tequila on your tab all night?

[Nick]

Now, Jack, remember when we used to forget to close out our bar tabs? We close them out.

[Jack]

We forgot the walk of shame at 11am when the bar opens the next day. Plus the $50.

[Nick]

Forgot your card fee every time. But by the way, Yeti's bartenders, they hate this trend. Printing out three different sets of receipts for these bar tabs.

[Jack]

Yeah, people not leaving their tab open means bartenders have to collect those receipts from the bar. They're all wet from the bar. It's not a fun. Not a fun thing.

[Nick]

Nobody likes it. But in this economy, well, Gen Z is keeping tabs on their finances.

[Jack]

And that means cutting the tab at the bar.

[Nick]

So besties drink responsibly and pay responsibly. Jack and I write our three stories.

[Unknown]

Fifteen years before this song. Two boys from the northeast met in the dorm. They had an idea that caused a cultural storm. It's the best one yet. But the best is the norm. Jack. Nick, that's it. I don't even think they need to practice. 50%. That's a fat tip. T. Boy City on your atlas. If you know, you know. Cause we ready to go we can't wait no more so just start the.

[Jack]

Show.

[Unknown]

Start the show, start the show.

[Nick]

First, a quick word from our sponsor.

[Jack]

Monarch Money.

[Nick]

All right, Jack, can I tell you about my smh. What is that? That stands for my stupid money habit. You ready for this? I just realized I spent $412 last month on taxis.

[Jack]

Nick, that's a car payment. I know.

[Nick]

I could have probably just bought another car at this point.

[Jack]

Now Nick only realized how much he spent on Uber's Lyfts and Yellow Cabs. Thanks to Monarch Money.

[Nick]

Monarch. It isn't just a budgeting app. It is like a personal cfo.

[Jack]

Now I'm using Monarch Money too. My favorite part.

[Nick]

Yes, Jack.

[Jack]

I've actually retired my net worth spreadsheet. Seriously?

[Nick]

Really?

[Jack]

Because I have every single financial account I own linked to Monarch Money.

[Nick]

You can immediately see your net worth because Monarch Money refreshes all your account balances instantly.

[Jack]

So to help you, you track and build your net worth, Monarch Money is offering 50% off your first year for listeners of this pod.

[Nick]

And it's not just us. Over a million households already use Monarch Money.

[Jack]

The Wall Street Journal already named it the best budgeting app of 2025. We're not even halfway through the year.

[Nick]

No, we're not. And I think I just spent $10 more on a taxi. So, besties, get control of your overall finances with Monarch Money.

[Jack]

Even though Nick apparently can't use Code.

[Nick]

T [e-mail] in your browser for half off your first year.

[Jack]

That's 50% off your first year. If you go to monarchmoney.com and get. And use Code T Boy. Airbnb now.

[Nick]

Yeah, it is. Jack mentioned his favorite skinny dipping spot. Where is that again?

[Jack]

I did. A bunch of people asked me about that. But, Nick, there's nothing better than swimming in Mother Nature with the outfit Mother gave you.

[Nick]

I mean, you know what they say. It's not the summer unless you're outside naked at some point and nobody knows it.

[Jack]

Now, another way to do that is an outdoor shower. And I should mention, my place has one of those, too.

[Nick]

And how is it possible you have an outdoor shower, Jack?

[Jack]

Because I'm an Airbnb host.

[Nick]

True.

[Jack]

Now, I usually spend my Airbnb hosting income on travel for the family, but this time, we earmarked it for a home upgrade.

[Nick]

Now, Jack, I should point out I'm no carpenter, but out there shower, it ain't cheap. You got the cedar wood install, you got the copper pipes, the French drains.

[Jack]

But with the money we're making on Airbnb, it was affordable. We put it in last year.

[Nick]

Well played, yeti's.

[Jack]

I'm an Airbnb host. With my current chalet and with two previous apartments, I can tell you it's.

[Nick]

Very easy to use besties. Millions don't realize their space could be an Airbnb. You already have an Airbnb. You could be yodeling naked outdoors with fresh shampoo in your hair in the.

[Jack]

Outdoor shower, paid for by your guests.

[Nick]

Your home might be worth. Worth more than you think. Find out how [e-mail] host for our first story. Funny thing is buried in the big new budget bill. Money to buy every newborn baby in America. $1,000 of stocks.

[Jack]

$1,000 baby accounts would actually be the best financial literacy our country has ever done.

[Nick]

So we gotta talk about them Yetis. On Monday, a gaggle of CEOs visited the White House to support what we're calling Kid Capital.

[Jack]

I think we should call it Baby Brokerage.

[Nick]

I like what you said, Jack. Let's roll with that.

[Jack]

Baby brokerage is A provision in the big beautiful bill that is working its way through Congress.

[Nick]

And what would this do exactly, Jack?

[Jack]

It's a policy that would open brand new brokerage accounts for every baby born in the United States and then fund that brokerage account with $1,000 to invest in the stock market.

[Nick]

So like you get a baby first you get him a swaddle, then you get him some stock.

[Jack]

Now if the baby chose what stocks to invest in. Yeah, Jack, like the E Trade baby.

[Nick]

Yeah.

[Jack]

They'd probably put that money into Nintendo Tootsie Roll stock.

[Nick]

Jack, if the baby was the stockbroker here, they'd be going all in on cow milk commodities. You know, really bullish on that full fat milk.

[Jack]

Really?

[Nick]

Well, because you're a baby now.

[Jack]

That's not what's going to happen.

[Nick]

No, it's not.

[Jack]

Instead, the money is going to go into an index fund. Like the s and P500.

[Nick]

Yes.

[Jack]

To invest broadly across American industry.

[Nick]

Plus these accounts would allow parents to invest additional money, up to 5,000 bucks a year.

[Jack]

All tax defer touch it until the kid's 18. But once they are 18, it becomes theirs.

[Nick]

Yes.

[Jack]

And they can spend it however they want.

[Nick]

Hopefully there's some education involved in the process. But yetis. Interestingly, Republican lawmakers have structured this baby brokerage account to maximize credit for the President.

[Jack]

An earlier version of this bill referred to them as Money Accounts for Growth.

[Nick]

And Advancement, which is an acronym for MAGA accounts.

[Jack]

They're not called MAGA accounts, but they are called Trump accounts in the bill that's going through Congress.

[Nick]

Which means, Jack, we should clarify that these are not funded by President President Trump. They're actually funded by taxpayers.

[Jack]

Plus the legislation only benefits babies who are born during Trump's term in office. It ends December 31, 2028.

[Nick]

So Yetis, Jack and I were talking about this concept and we were like, you know what, it's just too bad it's getting politicized, right, Jack?

[Jack]

Yeah. Cuz this is a great idea that we wish every lawmaker would get behind.

[Nick]

Yeah, we love this idea. And it is such a good idea, in fact, that eight major CEOs were at the White House to pledge support for this idea yesterday.

[Jack]

And those eight CEOs weren't just pledging for Dell, the computer company. He pledged financial support for this bill.

[Nick]

All right, this is wild. If this gets passed. Michael Dell, the computer entrepreneur, pledged to match all the money from the government one to one for all the employees at Dell. Exactly. So like if Diane, an employee at Dell, has a Baby boy named Danny. The government would put $1,000 into the baby brokerage account, and Dell would match.

[Jack]

It with their own thousand dollars, too.

[Nick]

Not too shabby. Oh, and seven other CEOs pledged similar support, although not as explicitly and as magnanimously as Mr. Michael Dell.

[Jack]

Yeah, many Fortune 500 companies match 401k contributions. They could start matching baby brokerage contributions, too.

[Nick]

So, Jack, what's the takeaway for our buddies over at the baby brokerage?

[Jack]

The best way to learn about investing is to make money investing.

[Nick]

Yetis, you often DM us and ask for our financial advice. And one idea we actually like the most is take an early investing win and then treat yourself with that stock.

[Jack]

Here's the idea. Early in your investing career, you're going to pick a stock and that stock is going to go up. When you find a stock that's gained, sell it and buy yourself something nice with the gains.

[Nick]

And here's the key. That is when the gains of investing go from theoretical to real, from abstract.

[Jack]

To AirPods to brand new AirPods.

[Nick]

If you sold Apple stock at a high boom, you're getting yourself a nice MacBook Pro.

[Jack]

Here's the idea for baby brokerage. With $1,000 of stocks for each kid in America, they could watch the money grow to $4,000 by the time they're 18, assuming the stock market grows 8% per year.

[Nick]

Or, Jack, if the employer matches that $1,000, it would be $8,000 by the time the kid turns 18.

[Jack]

Or, Nick, if the parent makes an annual birthday contribution of $1,000 each birthday. Okay, then the baby brokerage account balance is 37 grand when they're 18.

[Nick]

Yetis, the baby brokerage, if it happens, would be America's biggest ever financial literacy.

[Jack]

Campaign because it would show kids the beauty of saving and investing, right? Instead of just telling them.

[Nick]

Because the best way to learn about investing is to make money investing, treat.

[Jack]

Yourself to something tangible.

[Nick]

For our second story, Smartless, the comedy podcast just launched a phone company.

[Jack]

Strangest we've seen in a month.

[Nick]

Yes, it is.

[Jack]

But the reason this makes sense is Millennial Moochers.

[Nick]

Millennial Moochers.

[Jack]

You might be one. There's a 35% chance.

[Nick]

You know, Yetis, Jack and I, we listen to a whole wide range of podcasts. You know, this is our craft. We do this full time. We study.

[Jack]

I listen to four episodes on the airplane. One show I really respect and kind of love is the comedic timing of Smart List.

[Nick]

Yes, Smart List, the ninth biggest show in America. Last quarter, I loved One with Conan. Also the Sandra Bullock episode's class.

[Jack]

Did you hear what Will Arnett said about the hot tub to Gwyneth Paltrow? What he said? He said it might be a story.

[Nick]

For another podjack yet. He's Will Arnett, Jason Bateman, and Sean Hayes. They're three buddies who rip on each other for about 67 minutes straight.

[Jack]

They basically forget that there's a guest present because they're just ripping on each other the whole time.

[Nick]

Three comedians who started in Hollywood but then started a side hustle during the pandemic. Podcasting. And now it's basically their full hustle.

[Jack]

And now it's not uncommon for a podcast host to launch an unrelated product, right?

[Nick]

Call Her Daddy launched a beverage. Skinny Confidential launched Mouth Tape. Jack and I have been asked to launch podcast sneakers. Yes, podcast sneakers. But these three dudes from Smartless are launching a phone company.

[Jack]

Here's the news. It's called Smartless Mobile. It is a cheaper wireless phone plan than Verizon, AT&T and T Mobile.

[Nick]

And we should point out, Yetis, Will Arnett is not installing the phone towers for this business. Right, Jack?

[Jack]

Smartless Mobile is gonna run on extra bandwidth that T Mobile has just laying around.

[Nick]

It's gonna cost 15 to 30 bucks a month for up to 30 gigabytes of high speed data. So we know what you're wondering. Yetis. Why are three comedic actors launching a phone company?

[Jack]

It has to do with invisible infrastructure, invisible infrastructure. It's the stuff we rely on every day, but we can't even see it.

[Nick]

That's the reality today. Yetis, wireless data, WI fi, gps.

[Jack]

We don't know how much we use of those things because they're invisible.

[Nick]

Well, it turns out most of us pay for two times more data than we actually use because wifi is is everywhere and freely available.

[Jack]

Think about it. When you're at home and when you're at work, your phone is definitely connected to wifi.

[Nick]

And that is the main pitch from Smartless Mobile. To stop paying for what you don't use anyway.

[Jack]

That's how they're able to offer half as much. You get half as much too.

[Nick]

But as Jack and I were studying this business model, we realized there's another opportunity here. A bigger opportunity.

[Jack]

And that opportunity is freeloaders.

[Nick]

Specifically millennial moochers.

[Jack]

Because get this, 35% of American millennials are still on their parents phone plan.

[Nick]

That's right. One third of us are Nepo phone babies is what we're saying.

[Jack]

Comment if you're still on Your parents phone plan. And thank your parents, because the one.

[Nick]

Cord we haven't cut from our parents is the self plan. And Jack, full disclosure. As we were doing this story, I realized I'm one of these nepophone babies.

[Jack]

Call your mother. Yeah, yeah, thank her.

[Nick]

I'm a millennial moocher. It's just I never even thought about it. It's like the one cord I still have going on with them right now.

[Jack]

So here's the idea. Will smartless core audience, they're millennials. This smartless mobile plan could be the off ramp for millennial moochers to finally cut their final financial cord.

[Nick]

Yeah. If your parents are listening to this story, you may be getting a phone call tomorrow.

[Jack]

You may be getting a link to sign up for this.

[Nick]

And no, there's no promo code for it. So, Jack, what's the takeaway for our buddies over at a podcast? Launching a phone company?

[Jack]

The family plan is one of the most successful business concepts in history.

[Nick]

One way we measure success is churn, which is the percentage of customers who leave your product every year.

[Jack]

Churn is like a leak in your boat.

[Nick]

Yep, it is.

[Jack]

If you're churning, it is much harder.

[Nick]

To grow and row. But get this, besties. In the wireless industry, the churn rate is under 1%. That is insanely low, Jack.

[Jack]

Now, some of this is the Hotel California effect.

[Nick]

Yes, it is.

[Jack]

Things like 12 month contracts and being locked into two years of phone payments. It makes it hard to leave your wireless provider.

[Nick]

But a big part is also family friction. Changing services affects you and your spouse and your children.

[Jack]

You're not just going to switch willy nilly from T Mobile to AT&T. It affects a lot of different people who all have to, like, figure out how to update their phone.

[Nick]

No, you won't willy nilly. And that is why phone plans offer major discounts. So you can add more and more and more lines.

[Jack]

Because adding additional lines to a phone plan reduces churn.

[Nick]

They get the family, then they keep them forever. They raise prices each year, but you stick with them anyway because changing would.

[Jack]

Be a huge pain for the whole family.

[Nick]

The family plan, it is low key. A business boosting profit.

[Jack]

Puppy.

[Nick]

Now, a quick word from our sponsor. We are supported by vital proteins.

[Jack]

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[Nick]

Now, yetis, you may be wondering why Jack's face is dewy like an Amazonian melon.

[Jack]

Or how Nick is strong enough to hold like 73 podcast mics.

[Nick]

Well, it's actually thanks to the most delicious part of our day.

[Jack]

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[Nick]

Jack actually just used our promo code again for himself to buy another tub. He's got a problem with this stuff.

[Jack]

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[Nick]

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[Jack]

That's vitalproteins.com promo code T Boy for 20% off.

[Nick]

These statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure or prevent any disease.

[Jack]

The best one yet is sponsored by BetterHelp.

[Nick]

All right, Jack, let me set the scene for you. My birthday dinner. We did a pizza party. I rented out a whole spot called the Dough Room in San Francisco. You mess with the pizza dough while you make it.

[Jack]

I know. And then what comes next is the most San Francisco thing ever. Basically group therapy over dinner.

[Nick]

So all three people on my side of the table were in therapy and all of us were were talking about each other's therapy. You know, like one person was saying how their therapist helped them through a co worker battle. Another was talking about like the future of fatherhood with their therapist. They were stressed about becoming a dad.

[Jack]

It's not just San Francisco. Society's views on therapy have changed across the world. True, it's evolved to the point where you had a birthday dinner, learning from each other's therapy sessions.

[Nick]

Well, BetterHelp is an easy way to take that leap and find the therapist for you.

[Jack]

Because BetterHelp has over 10 years of experience matching people like your friends with therapists.

[Nick]

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[Jack]

Talk it out with better help.

[Nick]

Our listeners get 10% off their first [e-mail] tboy that's BetterHelp.

[Jack]

H E L P.com tboy.

[Nick]

For our third and final story, Mark Zuckerberg is pulling off the wildest wining and dining we've ever heard of.

[Jack]

Zuck is offering up to $100 million to hire AI dragons for Meta Yeti's.

[Nick]

Marky Mark Zuckerberg has gone into full on founder mode, hasn't he, Jack?

[Jack]

According to Bloomberg, he has personally taken over Meta's recruiting. When it comes to AI, he's basically.

[Nick]

Zucking your HR job since he was 18. Mark Zuckerberg has done whatever is necessary to win.

[Jack]

And right now, AI is necessary to win.

[Nick]

Specifically, Zuck wants to be the first to win. AGI.

[Jack]

Artificial General Intelligence.

[Nick]

Sprinkle on some context for us.

[Jack]

This is the end game.

[Nick]

Yeah, it is.

[Jack]

It's when artificial intelligence is equal to human intelligence, it's either very exciting or terrifying.

[Nick]

Well, either way, Zuck has been personally inviting recruits to his homes in Palo Alto and Lake Tahoe for a little bit of dinner, a little bit of drinks, maybe, if we've got time, some jujitsu.

[Jack]

Here's the kicker. According to reporting from New York Times, Zuckerberg is poaching people who work at OpenAI and Google by offering them 7 to 9 digit pay packages.

[Nick]

7 and 9 digit pay. Can we please translate that into numbers we can work with?

[Jack]

3 digits is 100. 6 digits is 100,000. 9 digits is up to $100 million pay packages.

[Nick]

We repeat, Zuck is gonna pay individual people 100 million bucks to join the company.

[Jack]

Not just, just any people. We're talking about the most elite AI trained techies in the whole economy who.

[Nick]

Will now be able to afford a second yacht for their third home with $100 million salaries.

[Jack]

Now, Yetis, we call this elite group of AI techies Dragons, right?

[Nick]

Because like in Westeros, whoever has the most dragons will win the AI war.

[Jack]

He's aiming to hire 50 dragons, according to Bloomberg reporting, and he would start a whole division for these 50 people, and it would be called Superintelligence at Meta.

[Nick]

Now, besties, here's Zuck's pitch about the superintelligence team. No AI company except Meta is actually making money.

[Jack]

Zuck is telling these people, hey, sit down. Have another glass of peanut OpenAI anthropic perplexity. They're all actually unprofitable. True, Jack, but here at Meta, we made $66 billion of profits last year.

[Nick]

Those other guys, they need to constantly raise money. But here at Meta, we don't have to raise money. We print money.

[Jack]

So if you work at Meta, you'll have unlimited resources to get your work done in AI.

[Nick]

On top of all that, insiders say that Zuck is prepping a $10 billion investment in Scale, an epic AI company.

[Jack]

Now, one of the goals of this massive AI investment for Meta is to allow the creation of ads purely through AI that will be targeted to one individual person.

[Nick]

So you'd see an ad for a mattress that knows your size, your height, and your color preferences. It would be purely, perfectly personalized to you.

[Jack]

The goal of the AI team is to build AI glasses with Jarvis style super assistance built right in there so you don't even need knife.

[Nick]

And to work on that, you could get paid 100 million bucks. So, Jack, all of that leads to our takeaway. What's the takeaway for our buddies over at Meta Superintelligence?

[Jack]

Apple should acquire an AI company.

[Nick]

Now, Yetis, Jack and I mentioned the $100 million pay packages and the $10 billion investment from Meta into artificial intelligence.

[Jack]

Those numbers sound, right?

[Nick]

Yeah, they do.

[Jack]

But they actually pale in comparison to the one day drop Apple suffered on Monday.

[Nick]

That's right. In the first 10 minutes of Apple's big event on Monday, they lost $90 billion of stock market value because they just haven't made AI progress.

[Jack]

So if you grow math, this thing.

[Nick]

Yes, Jack, I'm following.

[Jack]

Apple would actually save money if it acquired an AI company. If they spent $50 billion to acquire Perplexity, Apple's stock would probably grow an amount that exceeds the cost.

[Nick]

In the meantime, they're just losing money because they're not making progress in AI like Apple.

[Jack]

Meta has so far over promised and under delivered when it comes to AI.

[Nick]

But at least Meta's doing something about it. Apple so far they haven't.

[Jack]

That's why we think Apple's next move is to acquire an AI company.

[Nick]

Zuck's hiring Dragons one at a time. Apple could buy a whole dragon pit. Jack, could you whip up the takeaways for us for saviche Wednesday?

[Jack]

The big beautiful bill has a provision for baby brokerage accounts. $1,000 worth of stock for each American newborn.

[Nick]

Because the best way to learn about investing is to make money investing.

[Jack]

For our second story, the Smartless podcast launched a mobile service offering wireless phone plans.

[Nick]

And the key is the family plan. Because the family plan is a churn crusher, a business booster, and dare we say, a profit puppy.

[Jack]

And our third and final story. Meta is offering pay packages of up to $100 million per person to poach AI dragons from OpenAI and Google.

[Nick]

With that kind of money, you can just buy Estonia.

[Jack]

And it shows that Apple needs to do something big like acquire an AI company. But yetis, this pod's not over yet. Here's what else you need to know today.

[Nick]

First, the first self driving Tesla Robo taxis are on the streets of Austin. It is happening.

[Jack]

It's a lie.

[Nick]

Yep, Liter.

[Jack]

There are black model Y's, they have Robo taxi written on the side and there's nobody behind the steering wheel.

[Nick]

That's right. They are scheduled to start Taking paid passengers starting this Thursday from Austin, Texas. Yeah, that's right. You're going to end up at Franklin's Barbecue in a Tesla Robo cab.

[Jack]

The self driving Robo taxi wars are finally beginning.

[Nick]

And second, Snapchat, the short king of social media, was an early mover in smart glasses with spectacles. But they're launching another new pair next year.

[Jack]

They're taking another shot. They're called Specs. They'll be smarter, lighter, and with AI built in.

[Nick]

Now investors think Snap doesn't have the resources to compete in hardware with Apple, Meta and Google.

[Jack]

But with a 51% voting stock, what Evan Spiegel wants, Evan Spiegel gets.

[Nick]

Yeah. And finally, Chipotle stock may be down 15% this year. So they're launching their first new dip in five years, Adobo Ranch.

[Jack]

And what is Adobo, Nick?

[Nick]

Well, Jack, that would be a spicy and smoky sauce, but in this case, it is also creamy, like a Hidden Valley Ranch.

[Jack]

It's the first new sauce since queso Blanco in 2020 and it launches next Tuesday.

[Nick]

But like guac, Adobo sauce is extra. Now time for the best fact yet. This one sent in by David Vincent Durham over in lovely Los Angeles on Monday.

[Jack]

We mentioned that DVD sales are back. Remember Millennial Core, which led to a.

[Nick]

Little bit of T boy trivia from Jack and I. What is the top selling DVD of all time?

[Jack]

What's the top selling DVD of all time? Hint. It debuted in 2003. Pre streaming. Another hint, Nick, what's the most watched content on streaming today?

[Nick]

Fish.

[Jack]

No, it's kids content.

[Nick]

Okay, I misread you.

[Jack]

And so was the top selling DVD of all time.

[Nick]

And here's the answer. The top selling DVD of all time is Finding Nemo.

[Jack]

Pre Disney acquisition, the Pixar movie sold 41 million DVDs.

[Nick]

That means one out of three American homes has a Finding Nemo. Nemo DVD.

[Jack]

And at 20 bucks each, that's nearly a billion dollars in revenues just from DVDs.

[Nick]

Yetis, you look fantastic today. Jack, you are glowing. Right over there in the studio.

[Jack]

And remember, Yetis, the best solid you can do for the show. Click Auto Downloads.

[Nick]

Yes, good point, Jack.

[Jack]

It's a secret financial life hack for Nick and man.

[Nick]

That's true. That's true. Not many podcast hosts will reveal this, but a huge thing for podcast, when you auto download the show.

[Jack]

Auto download, you can do it on Spotify, you can do it on Apple. And it's how you show love for the show.

[Nick]

Trust us, the smartless guys they'd say the same thing. Jack and I will see you tomorrow. And before we go, a happy birthday to YETI Kathy Bex in Ormond Beach, Florida, who loves her puppy Jack and a Costco hot dog or two.

[Jack]

Happy birthday to Gary Adelkopf in New York City, who had a highlight trip.

[Nick]

To Roland Garrow and Ethan Bencic. Happy 32nd birthday in Koshohokan, Pennsylvania. We hear you do a good Nick and Jack impression. You gotta tag us. We gotta see this thing.

[Jack]

I would love to see this.

[Nick]

This, this is Nick, that's Jack, and this is Ethan. Baby.

[Jack]

I've never seen anyone do an impression of us.

[Nick]

Both of us. That'd be impressive. And Jill Gomez and Tony Anion down in South San Francisco are getting married on Friday the 13th. Jill and Tony can't wait to see the picks. Have fun.

[Jack]

Congratulations to Cassidy and Carter Mellow in Orland, Pennsylvania on having a last day of school.

[Nick]

Jack, I hear they're still laughing about Lake Chaba Gamma, but I got a.

[Jack]

Ba ga ba ba ba ba ba ba ga ma ga ma I'm gonna buy another G. And a happy birthday to Colleen Neuenschwander from Columbus, Ohio. She's celebrating with her children who are flying in from across the country.

[Nick]

And if you want to get a shout out on this podcast, we got a link in the episode description. Just fill out the form and Jack and I will get you on the show.

[Jack]

This is Jack. Nick and I both own stock in Apple Chipotle and we have ETFs of the S&P 500. If you like the best one yet, you can listen ad free right now by joining Wondery and the Wondery app or on Apple Podcasts.

[Nick]

Prime members can listen ad free on Amazon Music.

[Jack]

And before you go, tell us a little bit about yourself by filling out a short [e-mail] survey we want to get to know.

[D]

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