☹️ “AI Party Police — Airbnb’s Halloween plan. Wikipedia vs Grokipedia. The Great Hiring Freeze. +Stock Market’s #1 Day

Summary

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The Best One Yet — Episode Summary

Episode Title: AI Party Police — Airbnb’s Halloween plan. Wikipedia vs Grokipedia. The Great Hiring Freeze. +Stock Market’s #1 Day
Air Date: October 29, 2025
Hosts: Nick Martell & Jack Crivici-Kramer

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Episode Overview

In this lively episode, Nick and Jack break down three major business stories with their trademark punchy banter and fresh insights:

• Airbnb’s AI-driven crackdown on Halloween parties
• Amazon’s mass layoffs and the “Great Freeze” in hiring trends due to artificial intelligence
• Wikipedia’s first-ever decline in traffic and the rise of “Grokipedia” from Elon Musk

They also reflect on Wall Street’s historically best day for stocks, ponder the implications of AI across industries, and unpack the changing landscape of online truth and knowledge.

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1. Wall Street’s #1 Day: October 28th

(Timestamps: 01:42 – 03:34)

Key Points

• October 28th is statistically the best day of the year for stocks, with the S&P 500 rising an average of 0.54% since 1950.
• This October 28th, stocks continued the streak, with major milestones: both Apple and Microsoft hit $4 trillion valuations.
• There’s a twist: October 28th, 1929, was also the start of the Great Depression—making it both the best and worst day in stock history.

Notable Quotes

• Nick: “Stocks perform best on October 28th.” (01:53)
• Jack: “Either the best day yet or the worst day yet.” (03:20)
• Nick: “Why can't we just call every day 10/28? I mean, it just works.” (02:19)

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2. Story 1: Airbnb’s AI Party Police

(06:00 – 10:36)

Main Theme

As Halloween approaches, Airbnb is combating unauthorized parties with AI, aiming to protect hosts but frustrating guests.

Discussion Points

• Background: Since 2020, Airbnb has strictly enforced anti-party policies, especially after widespread “COVID parties."
• New Move for 2025: AI Party Police — Artificial intelligence now prevents “red flag” bookings likely for unauthorized parties:
  • Booking near one's own home
  • One-night bookings on party-heavy dates (like Halloween)
  • Booking cheaper than usual
• AI will even notify hosts of suspicious noise levels.
• Reflecting on Airbnb's changing business focus: platforms oscillate between favoring hosts and guests.

Notable Quotes & Moments

• Jack: “You get an Airbnb notification. Someone just yelled 'flip cup.' We thought you'd want to know.” (08:49)
• Nick: “But instead of the gym teacher, it’s AI that’s the chaperone.” (09:00)
• Jack: “Platforms are like parents. You can have a favorite child, but you can't let them know about it.” (09:14)
• Nick: “A big, splashy PR campaign that shows hosts Airbnb cares about your property.” (10:07)
• Key Figure: Last Halloween, Airbnb blocked 38,000 parties in the US. (07:45)

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3. Story 2: Amazon, AI, and the Great Hiring Freeze

(10:36 – 15:12)

Main Theme

Amazon’s layoff of 14,000 employees signals not just job loss, but a larger shift: companies are using AI to grow without hiring—enter “the great freeze.”

Discussion Points

• Amazon’s HR cited the need to “stay nimble”; AI is the root cause.
• AI is acting like “corporate Ozempic”—letting companies slim down faster.
• Unlike “mass layoffs,” most companies are now just not adding new jobs.
• Walmart plans to expand with a flat headcount; JP Morgan managers told to use AI before hiring.
• Amazon aims to double packages shipped by 2033 without adding more workers.
• Most companies opting for “attrition by non-hiring”—workforce shrinks as people retire or leave.

Theories on AI’s Impact (14:40 onward)

• Bull Case: AI, like electricity, eliminates some jobs but creates more (Sam Altman analogy).
• Bear Case: AI doubles US unemployment in five years, hitting entry-level white collar jobs first (Dario Amadei of Anthropic).
• Base Case: No one knows, so the “great freeze” continues.

Notable Quotes

• Nick: “AI is like corporate Ozempic—it lets companies get leaner faster.” (11:49)
• Jack: “The great freeze. People aren't quitting, but companies aren't hiring.” (15:12)
• Jack: “Here’s the bull case, the bear case, and the base case of AI taking over jobs.” (13:51)
• Nick: “Anyone who tells you they know [what happens next] is lying.” (14:05)

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4. Story 3: Wikipedia vs. Grokipedia—The Great Disruption

(17:41 – 22:46)

Main Theme

For the first time since its founding, Wikipedia’s human traffic is declining as AI and Elon Musk’s Grokipedia offer new forms of knowledge dissemination.

Discussion Points

• Wikipedia’s Legacy: The web’s “last best place”—no ads, AI slop, or addictive algorithms.
• Stats: 10,000 views per second; 300 languages; page on Wikipedia itself is the most viewed.
• Decentralization/Business Model: No profits; driven by donations and volunteers; compared to Bitcoin’s structure.
• Traffic Decline: Down 8% for humans year-over-year; AI bots (e.g., ChatGPT) are now scraping it for training.
• New Competition: Elon Musk launches “Grokipedia” (built by his AI Grok) to rival Wikipedia—complains Wikipedia is biased.
• Cultural Shift: Once banned as a source in schools, Wikipedia is now the backbone cited in courts and AI training.

Notable Quotes

• Jack: “Wikipedia is decentralized and not for profit. It lives off donations and is updated by volunteer editors.” (18:46)
• Nick: “So first Wikipedia disrupted Encyclopedia Britannica, but now Wikipedia is getting disrupted by artificial intelligence.” (19:51)
• Jack: “To prove to your buddy that you were right about that thing, you screenshot Wikipedia and you send it to them and say, see Wikipedia.” (21:25)
• Nick: “Wikipedia’s great success is going from banned to becoming the backbone of the Internet.” (20:48)
• Jack: “Society’s initial skepticism and eventual embrace of Wikipedia may foretell how we handle AI as well.” (21:47)

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5. Takeaways & Key Lessons

(22:11 – 22:46)

Summary of the Three Stories

• Airbnb is using AI to enforce party bans—reflects delicate balancing act between hosts and guests.
• Amazon/AI job losses signal a new era—not of layoffs but of a “great freeze” via lack of hiring. The impact of AI remains an open question.
• Wikipedia is facing its biggest challenge yet—from AI tools and “Grokipedia”—but has proven itself as a decentralized backbone of truth.

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6. Other Notable Segments & Quotes

• On Future of AI and Jobs:
  Jack: “They can’t know. The whole country is anxiety maxing because of it.” (14:08)
  Nick: “The status quo is being referred to as the great freeze.” (15:08)

• On Wikipedia’s Arc:
  Nick: “From not credible to the internet’s most credible source of truth—banned to backbone.” (22:02)

• On Platforms’ Shifting Loyalties:
  Jack: “A platform is like a parent—it can have a favorite child. But you can’t show it.” (09:14)

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7. Closing Fun Facts & Community Shoutouts

(24:22 – End)

• Fact of the Day: The “Dunbar number” (max friends = 150) is not just about personal life; it shapes efficient business structures too.
• Listener Shoutouts: Celebrations of new babies and birthdays among the podcast’s “besties” community.
• Timing Tip: Europe is only five hours from New York this week due to differing daylight savings schedules.

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8. Memorable Moments

• Banter about party pooper AI:
  Nick (re noise detection): “You get an Airbnb notification. Someone just yelled flip cup. We thought you’d want to know.” (08:49)

• On the ironies of October 28th:
  Jack: “October 28th—either the best day yet or the worst day yet.” (03:20)

• On Wikipedia’s rebrand:
  Nick: “Wikipedia’s great success is going from banned to becoming the backbone of the Internet.” (20:48)

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Timestamps for Key Segments

| Segment | Approx. Timestamp | |-----------------------|------------------| | Wall Street’s Oct 28 | 01:42 – 03:34 | | Airbnb’s AI Party Plan| 06:00 – 10:36 | | Amazon & AI Layoffs | 10:36 – 15:12 | | Wikipedia vs Grokipedia| 17:41 – 22:46 | | Takeaways & Lessons | 22:11 – 22:46 |

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This summary captures the episode’s high-energy banter, concise breakdown of business news, and the broader societal context—making it accessible and valuable for listeners and newcomers alike.

Transcript

[A]

This is Nick, this is jack.

[B]

It's Wednesday, celvt Wednesday, October 29, and today's party's the best one yet. This is a T boy, the top.

[A]

Three pop business news stories you need to know today.

[B]

All right, Jack, you want to tell what the yetis we've been up to? Why don't you share with the besties out there?

[A]

Well, if you tap the link in our show notes, you can join what we call the Pop Biz News Club.

[B]

That's right. Jack and I have had a Slack group for yetis and besties to connect with each other. We've been doing it the last few months now.

[A]

So far, we have like an initial 200. They're looking fantastic. If you want to join. We're opening it up. Tap the link. It's on Slack. We'd love to see you there.

[B]

Yeah, we post our thoughts on stories for the day, some other pop biz headlines, what we're thinking on the show about business and stuff, so check it out. In the meantime, though, Jack, three fantastic stories for today's pod. What do we got on the T boy?

[A]

For our first story, Airbnb just announced a plan to use AI to prevent Halloween parties.

[B]

Ah, Airbnb. It's the anti party police party pooper. Because right now, Airbnb needs to show the host some love.

[A]

For our second story, Amazon announced yesterday 14,000 layoffs. It's the biggest AI caused job loss so far.

[B]

But besties, Jack and I got your back, so we'll tell you how to prep for the great hiring freeze.

[A]

And our third and final story, for the first time ever, visits to Wikipedia are falling right now.

[B]

And Elon just launched his own Wikipedia called Grokipedia to take on Wikipedia.

[A]

So what happens when the disruptor gets disrupted? The answer is not in Encyclopedia Britannica.

[B]

No, we looked in Wikipedia. We may have found the answer in Wikipedia, but yet is before we hit.

[A]

That wonderful mix of stories. Wow.

[B]

I mean, what a mix of stories. Love the mix. For ceviche Wednesday.

[A]

Jack, congratulations. Yesterday was the best one yet. At least for Wall Street.

[B]

Literally, October 28th, the best day of the year for stocks, historically speaking.

[A]

Nick's a history major, by the way, so he fact checked this. Stocks perform Best on October 28th.

[B]

Jack, could I sprinkle on a little context myself today here? Can I do that for you?

[A]

Okay.

[B]

Going back to 1950, the S&P 500 rises 0.54% on average. October 28th.

[A]

Now, if stocks rose that much every.

[B]

Trading day of the year, what kind of numbers, Jack?

[A]

They'd be up 288% at the end of each year.

[B]

Why can't we just call every day 1028? I mean, it just works.

[A]

Well, yesterday, the streak continued. Stocks rose 0.23%, Jack.

[B]

Another 1028. Another win.

[A]

We should stop asking, is the Pope Catholic?

[B]

Oh, yeah. Instead, just ask, do stocks rise on October 20th?

[A]

The answer is yes. And this year, stocks didn't just rise, they rose to a record.

[B]

Get this, Apple. Their Stock hit a $4 trillion valuation yesterday for the first time.

[A]

And Microsoft hit a $4 trillion valuation yesterday, too, Jack.

[B]

Peloton stock. Actually, it fell yesterday. It went down, but it almost went up. It almost went up Yesterday.

[A]

It was October 28th. Long term hold. I don't know why we're still holding. Anyway, here's the kicker. You know what else happened on 10 28?

[B]

Not the best day of the year, Jack. The worst day in stock market history.

[A]

It's wild. But the day that triggered a financial crisis that became the Great Depression. Yes.

[B]

That started on October 28, 1929.

[A]

Okay, things just got spooky, Jack.

[B]

The ghost of Bull markets past.

[A]

October 28th. Either the best day yet or the worst day yet.

[B]

But yesterday's October 28th happened to be the best one yet. Of the best ones yet.

[A]

Except for Peloton Y. This isn't financial advice, besties, but let's.

[B]

Hit our three stars. Fifteen years before this song, Two boys from the northeast met in the dorm they had an idea to cause a cultural storm it's the best one yet but the best is the norm.

[A]

Jack. Nick. That's it.

[B]

I don't even think they need to practice.

[A]

50%.

[B]

That's a fat tip. T. Boy city on your atlas. If you know, you know. Cause we read to go we can't wait no more so just start the show, Start the show. Start the show. First, a quick word from our sponsor.

[A]

Airbnb.

[B]

Yeti's full disclosure. We're already thinking about holiday vacation. You got to book these things early these days.

[A]

Are you kidding? I booked my holiday vacation, like, six months ago. I do it like the Germans. Right after my Christmas vacation, I book next year's Christmas vacation for 2028.

[B]

Okay, but also, full disclosure. Eddie, I'm jealous here because I'm paying for my whole trip. But, Jack, you have money from your Airbnb helping pay for yours.

[A]

It's my side Hustle. Profit, Puppy Besties.

[B]

You can host your entire place or just your extra space.

[A]

Really satisfying feeling, by the way. When my guest messages me that their first night went wonderfully, it just puts me at ease. And it's like, wow, I am making money right now and somebody's having a great time.

[B]

So you're going to give a day away for free?

[A]

No, I wouldn't say that.

[B]

Yeti's your home might be worth more than you think.

[A]

Find out how [e-mail] host now a quick break, switching topics to one of our favorite sponsors, Vital Proteins.

[B]

Now, Jack, my mom does not use most of the products we promote. She's not building a website. She's not downloading a stock trading app.

[A]

No, she's not.

[B]

But she did call me this weekend and here's what she said. She said, I need to know the promo code for your collagen peptide sponsor because I just bought more of it.

[A]

It was Vital Proteins and their no sugar added collagen peptide products are delicious, especially the new 30 gram protein shake.

[B]

Now, I don't know if my mom's into the taste or the health benef or she's trying to get jacked, but she's got healthy hair, skin, nails and joints right now.

[A]

Dude, I'd say it's all of them. So yetis. Go to www.vitalproteins.com to learn more and where to buy. Get 20% off your next order by entering promo code T boy at checkout.

[B]

For our first story, Airbnb, they're already a notorious party pooper, but they just announced special plans to stop Halloween parties this year.

[A]

It's the AI Party police. A move that hosts are going to love, but guests are going to hate.

[B]

That's the controversy. But besties first. Jack and I can tell you as a couple, Airbnb shareholders. Airbnb stock this year has been the real estate equivalent of a four floor walk up in the East Village. Right, Jack?

[A]

Is the elevator broken? Because while the rest of the stock market is up 17% so far this year, Airbnb stock is down 2%.

[B]

So this year, Airbnb relaunched Exper to drive excitement.

[A]

That's fun.

[B]

They also did a paid product placement in an episode of Nobody Wants this on Netflix.

[A]

Yeah, that pasta making event, Airbnb probably paid for that.

[B]

But the latest news from Airbnb is it's less fun. Right, Jack?

[A]

Less fun. Airbnb does not want you to party this Halloween.

[B]

Here's the press release from Airbnb. We are rolling out our anti party system for Halloween. And this time. Oh, they're using artificial intelligence.

[A]

Everybody likes the cool moment, but Airbnb will have none of it this Friday.

[B]

I said curfew, kids. Jack, could you sprinkle on some context here to what is going on with all of this?

[A]

You and I coined the phrase party pooper policies going back to 2020 when it comes to Airbnb. That's when Covid parties were happening at Airbnb properties, and they were like super spreader events.

[B]

So Airbnb banned parties globally, and they suspended or blocked and banned people who violated this rule.

[A]

The reason? Hosts don't want keg stands happening at their place.

[B]

No, they don't.

[A]

Also, neighbors hate when Airbnb properties have parties at them.

[B]

Yes, they do.

[A]

And that's when damage happens to properties. It's a huge insurance liability if a party's going on.

[B]

Get this. Last Halloween, Airbnb blocked 38,000 parties in America according to their own data.

[A]

But here's the update. This Halloween, Airbnb is deploying preventative anti rager technology.

[B]

Yeah, we call this one ART Anti rager technology. How does this break down exactly?

[A]

Jack, it's artificial intelligence that will predict that this booking that's about to happen, it's definitely for a party. So we're going to block it all together.

[B]

Basically, it's going to use AI to determine red flags. Like, if you book an Airbnb near where you live. Why is that a red flag? Jack, why would you do that?

[A]

So you can invite everyone you know to somebody else's place to have a rager.

[B]

Or, Jack, what if you book a cheaper house than you typically do from your booking history?

[A]

That's also a red flag that might trigger a blockage.

[B]

Or, Jack, what if you book one night and one night only, and that that night is Friday, October 31st.

[A]

That's the biggest red flag of them all.

[B]

That is a huge, huge red flag. Besties. Airbnb is even offering hosts noise detectors that'll notify you when a certain decibel level is hit.

[A]

You get an Airbnb notification. Someone just yelled flip cup. We thought you'd want to know.

[B]

Oh, you do want to know. Add it all up, besties, and Airbnb has become the chaperone at your school booking dance.

[A]

But instead of the gym teacher, it's A.I. that's the chaperone.

[B]

Not gonna call this a surveillance date, Jack, but it's CIA worthy.

[A]

It is CIA worthy.

[B]

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

[A]

Platforms are like parents. You can have a favorite child, but you can't let them know about it.

[B]

Yetis a wild detail Jack and I remembered from five years ago when Airbnb IPO'd and we covered it on the pod. We said Airbnb was focused on its.

[A]

Hosts over its guests because Airbnb mentioned the word host over 1000 times in their IPO paperwork. That's nearly twice as many times as they mentioned the word guest.

[B]

Absolutely. But in the last couple years, guests have become frustrated with booking fees and the onerous checkout instructions. So some travelers are defecting back to hotels.

[A]

That's why Airbnb announced a pro guest move this summer.

[B]

Yes, they did.

[A]

They shifted the fee that Airbnb takes entirely to the host in most cases, instead of taking a fee from both the host and the guest.

[B]

Okay, but now the hosts are upset. So Airbnb is making a host friendly move here. The AI Halloween Party Police.

[A]

A big, splashy PR campaign that shows hosts. Airbnb cares about your property.

[B]

Bestie's corporate goals. They change every year. Airbnb, Uber, Etsy, they shift their focus from one side of their platform to the other all the time.

[A]

Because a platform is like a parent, it can have a favorite child. Although, full disclosure, I wouldn't say that I do. I love all my kids equally.

[B]

Folding either, right?

[A]

We love them all. But you can't show show that you have a favorite child.

[B]

For our second story, Amazon is laying off 14,000 people. UPS just laid off 48,000 people.

[A]

But the key isn't the firing, it's the lack of hiring. So we'll explain this current moment in the economy. The great freeze.

[B]

Oh, Jack. How about we start this story with a little bit of corporate jargon? What do you got, man?

[A]

Staying nimble and continuing to strengthen our organizations. That was the email sent by Amazon's HR team yesterday.

[B]

To translate this into Tinder terminology, that's corporate jargon for it's not you, it's me.

[A]

Right? But we are breaking up. Yes, because Amazon sent that email yesterday to 350,000 employees. And in the email, they said they're laying off 14,000 workers.

[B]

But surprisingly, in that entire email, Amazon only mentioned AI once.

[A]

Multiple reports say that because of AI, this is just the beginning. Total layoffs at Amazon, 30,000 people, which is almost 10% of their white collar workforce.

[B]

We bet some of our listeners are affected. We know some of our listeners are affected. And we absolutely feel for you right now.

[A]

If you got that email, we also, unfortunately, could have seen this coming. Because we've said before that AI is like corporate Ozempic.

[B]

It's like corporate financial magic, it lets companies get leaner faster.

[A]

And unsurprisingly, Wall street rewarded the news. Amazon rose 3% so far this week. They're just a smidge off their all time highs.

[B]

But besties, here's what Jack and I find fascinating about this story. Most companies right now are avoiding layoffs. Instead, they're growing without hiring.

[A]

It's a new thing called the Great Freeze.

[B]

The Great Freeze? Let's start by sprinkling on some context. Jack, why don't you take it from here?

[A]

CEOs across corporate America are bullish right now. They believe that the future is full of profit puppies.

[B]

Okay, but here's the key. They're not growing their workforce for this big exciting future. They're using AI instead right now.

[A]

And we've got the receipts. Walmart CEO said last month that they will keep their headcount flat for the next three years despite expectations for huge growth.

[B]

Jack, how about JP Morgan? They just told their managers to not hire people, instead try to use AI first.

[A]

And although Amazon just did lay off 14,000 people, their biggest AI workforce plans involve simply not hiring new people.

[B]

Yeah, there was that bombshell report from the New York Times just last week. We didn't cover it on the pod, but. Jack, what was in that report?

[A]

Amazon plans to ship twice as many packages in 2033 as they do today.

[B]

That sounds good.

[A]

But they plan to do so with the same number of human workers that they have today.

[B]

Translation, Jack.

[A]

Thanks to robots and artificial intelligence, Amazon will avoid hiring 600,000 warehouse workers.

[B]

Now, yetis, some companies are ripping off the workforce band aid and replacing workers right now with AI agents.

[A]

But most are doing it more subtly by simply not hiring and letting their workforce shrink through retirements and voluntary departures.

[B]

Now this is not a fun story like what does this mean for you? It's a scary time out there for a lot of people.

[A]

Here's the leading theories about how AI is affecting the workforce in our takeaway.

[B]

And here's how we think you can best prepare. So Jack, what's the takeaway for our buddies who are everyone in the economy?

[A]

Here's the bull case, the bear case, and the base case of AI taking over jobs.

[B]

Now, yetis, the short answer here is we don't know how the jobs market will change because of AI. We just don't know.

[A]

Nobody knows.

[B]

Nobody knows.

[A]

Anyone who tells you they know is lying.

[B]

They can't know.

[A]

The whole country is anxiety maxing because of it.

[B]

Okay, but the bull case is that everyone wins and we see this reflected in venture capital communications, the White House. Sam Altman loves saying this all the time.

[A]

Here's Sam Altman's analogy. He says that AI is like electricity. Sure, it put lamplighters out of work who used to go block by block with a fire to light the posts. But electricity created entirely new industries and so will AI.

[B]

Now that's the bull case, the optimistic case, the bear case. The negative case though, comes from another CEO in the AI industry.

[A]

That would be Anthropic's Dario Amadei, who says that within five years the unemployment rate in America will double because of AI.

[B]

And the first jobs to go, unfortunately, entry level white collar jobs are going to be the ones eliminated. Most likely.

[A]

And looking at the data, the unemployment rate for recent college grads is rising faster than the rest of the population.

[B]

But there is a base case here, the expected case. And you know what? It's that we don't know. But we'll figure it out as we go along.

[A]

For now, the status quo is being referred to as the great freeze.

[B]

The great freeze. People aren't quitting, but companies aren't hiring. And we'll cover more as it comes along. Now a quick word from our sponsor.

[A]

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[B]

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[A]

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[A]

I think you can. I think Framer would be cool with that. Framer is so sleek. When we go on the website, you'll see it asks if AI should build it for you.

[B]

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[A]

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[B]

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[A]

Your birthday is in January. I'm. I'm looking already. It's going to take me a while.

[B]

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[B]

For our third and final story, Wikipedia just said that for the first time since it was created, traffic to Wikipedia is actually down.

[A]

So we looked at Wikipedia's greatest accomplishment.

[B]

Yes, we did.

[A]

Becoming the world's best source of truth.

[B]

Yeti's Wired magazine once called Wikipedia the.

[A]

Last best place on earth because there's no AI slop, there's no ads you have to X out of, and there's no addictive algorithm either.

[B]

According to Wikipedia, Wikipedia is the 9th most visited site in the world.

[A]

Wikipedia gets 10,000 views every second.

[B]

True story.

[A]

300 different languages have their own Wikipedia. I didn't know there were 300 different languages.

[B]

The English language Wikipedia gets 500 new Wikipedia pages every single day.

[A]

By the way, the Wikipedia page about Wikipedia is the most viewed page of all time.

[B]

Yeah, we discovered that by going down a Wikipedia rabbit hole, researching the story for a little bit of Wikipedia roulette.

[A]

But what makes Wikipedia so powerful? It's its business model.

[B]

Because Wikipedia doesn't have a business model.

[A]

Wikipedia is decentralized and not for profit. It lives off donations and it's updated by volunteer Editors.

[B]

Founded in 2001 by Jimmy Wales and a Philosophy PhD. They started writing 21 articles of a new digital encyclopedia and then they gave up. It was too hard, it was taking them too long.

[A]

So they basically crowdsourced the whole thing, let others edit and fact check articles.

[B]

And then added the word wiki to the front name because that means quick in Hawaiian.

[A]

And the closest model to Wikipedia is Bitcoin.

[B]

Yes it is, Jack.

[A]

Well put. It's Internet based. No single entity controls it. It's democratized for all to use.

[B]

But besties. Here's the news. For the first time in Wikipedia's 24 year history, page views are actually falling.

[A]

Specifically page views by humans.

[B]

Get this. Human page views to Wikipedia are down in the last few months. 8% from last year.

[A]

But here's the strange part. Wikipedia noticed a surge in page views overall. But they weren't humans. Nope, they were bots.

[B]

Bots? AI chatbots. They've been crawling Wikipedia to answer users questions instead of the users.

[A]

Relatedly, ChatGPT just passed Wikipedia in the top 10 list of most visited websites. So first Wikipedia disrupted Encyclopedia Britannica, but now Wikipedia is getting disrupted by artificial intelligence.

[B]

And Jack, it's not just being upstreamed by chatbots. Wikipedia is now facing new competition as.

[A]

Well, in the form of of Grokipedia.

[B]

Because yesterday Elon Musk launched his own version of Wikipedia powered by Grok, the AI chatbot that Elon owns and controls.

[A]

It's not moderated by volunteer humans, it's moderated by his chatbot.

[B]

Now interestingly, Jimmy Wales, the founder of Wikipedia, told the New York Times he's in touch with Elon and they text about this kind of stuff frequently.

[A]

But Elon thinks that Wikipedia is biased, so he cloned it. And if you look at Grokopedia, it's mostly a copy of Wikipedia. In fact, some pages are exactly the same, word for word.

[B]

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

[A]

Wikipedia's great success is going from banned to becoming the backbone of the Internet.

[B]

Yetis society has fascinatingly taken a full circle reversal in how we view wikipedia.

[A]

In the 2000s, Wikipedia was banned in schools. Teachers forbid Wikipedia from being used as a source.

[B]

Jack, do you remember what our professors told us in college? You're not allowed to cite Wikipedia because, quote, anyone can edit it.

[A]

We had to like go down to the footnotes and go to the primary source and hope that that website still existed.

[B]

Okay? But 15 years later, there is no more widely accepted source of truth on the Internet than Wikipedia.

[A]

To prove to your buddy that you were right about that thing. You screenshot Wikipedia and you send it to them and say, see Wikipedia.

[B]

It's now cited in court documents, in scientific papers. It is the key source to training artificial intelligence.

[A]

Its decentralized nature engenders trust. There's no media mogul with an agenda behind it. It's just the masses. And there's strength in those large numbers.

[B]

Besties. Society's initial skepticism and eventual embrace of Wikipedia. It may actually foretell how we handle AI as well.

[A]

Wikipedia, it had the biggest PR rebrand ever. Yeah, it did. From not credible to the Internet's most.

[B]

Credible source of truth ban to backbone. Jack, could y' all whip up the takeaways for us for saviche Wednesday?

[A]

Airbnb is amping up its anti party policies this Halloween with preventative AI that.

[B]

Happens before the booking because platforms are like parents. They can have a favorite child, but you just can't show it.

[A]

For our second story, Amazon is laying off 14,000 people because of AI. But most companies are simply not hiring.

[B]

Instead, AI could someday create more jobs or result in less, since we don't know though, we're in the middle of the of the great freeze.

[A]

And our third and final story is Wikipedia. They're facing big challenges today from none other than AI and Elon's new Crockopedia.

[B]

Wikipedia's great success, though. It's going from band to backbone of the Internet.

[A]

But besties, this pod's not over yet. Here's what else you need to know today.

[B]

First, we get the epic serving of earnings. Google, Meta, Microsoft, all reporting today.

[A]

That is 15% of the S&P 500's value in just three companies. They're all announcing earnings.

[B]

Also, we're getting the big Fed meeting today. Jerry Powell expected to drop interest rates.

[A]

Wall street is nearly certain that we're going to get a 0.25% interest rate cut today.

[B]

And second, OpenAI just finished its big thing. They completed their for profit transition, no longer pretending to not care about profits. There you go. Yeah.

[A]

The new corporate structure has Microsoft as the biggest shareholder of OpenAI, owning 27% of the company.

[B]

Now, interestingly, the old OpenAI, the nonprofit one, it's going to still own 26%.

[A]

Of the the for profit OpenAI and 26% of OpenAI. That's $130 billion. This nonprofit is going to sell some of that stock over time to pursue their nonprofit mission of ensuring that AI benefits all of humanity.

[B]

Like committing 25 billion bucks to health.

[A]

Breakthroughs in AI resilience and finally, quick heads up. This week, Europe is one hour closer to us at least, time wise.

[B]

Not possible.

[A]

Jack, here's the deal. You see, they do daylight savings just like we do. They're not like Arizona, but they do on a different schedule.

[B]

Yeah, so Europe changed their clocks last weekend. We're going to do it this weekend. But right now we got this funky little week where we're really close to each other.

[A]

So New York to Paris is usually six hours. This week it's only five hours.

[B]

Now time for the best fact yet. This one sent in from Jason Geiger about the story we did the other week on the 150 person limit on the number of friends you can have.

[A]

Push and play guy from Buffalo with the best fact yet. Many of us just learned that we are limited to 150 real friends. This is what's called the Dunbar number and has a big effect on more than just your BFFs. Many companies limit working groups and even entire factories to 150or less to keep the org structure clean, communication efficient and prevent bureaucracy. In fact, the only group successfully known to exceed their Dunbar number is a T boy podcast with a number of besties. And yet, Josh Allen rules the Dunbar number. Huh? Yeah.

[B]

There we go. It's official. It's a real thing. Yeti's gonna look fantastic out there. Jack, you look fantastic. But I am most excited that we already chose our Halloween costume, our business themed Halloween costume.

[A]

I literally instacarted a spirit Halloween wig today. That's the only hint I'll give you.

[B]

If you're not trying on wigs today, then I don't know what you're doing. Yetis, you look fantastic, Jack. And I'll see you on the end. Before we go, congratulations to new human Grady Krupka and his parents, Madison and John in Costa Mesa, California with the best baby yet.

[A]

Future PGA superstar here.

[B]

And Marjese Miles II is also a new human listening to his first pot ever as a Dearborn, Michigan baby.

[A]

Dude, I went to business school with this guy. Marjace. Congratulations.

[B]

Congrats, man.

[A]

We got pumped for you guys.

[B]

And Juan Barrow is down in Delaware County, Pennsylvania. Happy birthday, Juan.

[A]

And happy birthday to Jamie Bailey in Portland, Oregon.

[B]

And Tommy and Sonali down in Austin, Texas. The best sales leader and seller duo with the same birthday. Boom, Jack. If you know, you know.

[A]

And happy 11th birthday to Christina Ibarra in Minneapolis, Minnesota. And to anyone else celebrating something today. Making a T boy celebrate the wins. This is Jack. I. I own stock of Instacart and We both own stock in Airbnb, Apple Peloton and ETFs of the S&P 500.

[B]

And some Bitcoin Bitcoin name Ben if.

[A]

You like the best one yet, you can listen ad free right now by joining Wondery and the Wondery app or on Apple Podcasts.

[B]

Prime members can listen ad free on Amazon Music.

[A]

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

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