I see a large IPO on the horizon.
You're surrounded by journalists. Hold your position.
Overnight success.
The place 3000, right?
There's misinformation.
Quarterly clearing order inbound. Let's just roll.
We are surrounded by journalists. Hold your position. Come on. Get up. Trust the experts here. We are experts. Founder Mel.
I see multiple journalists on the horizon. Stand by. UAV online. Double blaze. Triple blades. Double kill. Finally, team deathmatch. We are experts. Triple blades. Let's just roll. Right. Mark clearing order inbound. We are surrounded by journalists. Hold your position. Strike one. Strike two. Activate golden retriever mode. Marky clearing order inbound. Five. I see multiple journalists on the horizon. Stand by.
You're watching TVPN. Today is Tuesday, February 24th, 2026. We are live from the TVPN Ultra Dome, the temple of technology, the fortress of finance, the capital of capital.
We're running down a dream today. We are surviving the Catrini apocalypse. Live to fight another day. A lot of chaos in the markets, a lot of reflection about the story behind the story, what happened. We had a lot of fun debating the Catrini report. A lot of good stuff in there. Some other kind of crazy stuff that sort of got everyone twisted in a knot. But it didn't stop the markets.
It did become the current thing and I think a lot of people were talking about it. I mean, my feed was covered in Catrini stuff, but today is a new day and there is a ton of new tech news. First, let me tell you about ramp.com. Time is money. Say both. Easy to use. Corporate cards, bill pay, accounting, and a whole lot more. The goats. And then second, I want to pull up the linear lineup because boy, do we have a show for you today, folks. We got the Collison brothers joining together at 11:40. Then we going over Bill Gurley, the height moger himself.
He's 6'9. He moss me.
Oh, he mos. It's over for me. That's why we said you can't come to the studio. You can't be seen next to John Kugan in person. You're staying remote.
The right pair of cowboy boots.
Yeah, I might have day. You might have it. The right pair of lifts as well inside those cowboy boots. Then we got Ivan from Notion and a whole bunch more funding announcements during the lightning round. Run, Reiner, Devanch, and a ton of other folks are joining. It's a crazy show.
James from Profound.
James is Yeah, James Unicorn. Very very fun. Well, linear of course is the system for modern software development. 70% of enterprise workspaces on linear are using agents. So the story behind the catrini story I had some takeaways. My big update mentally was just that you know we are the sellside research now basically like new stack but X and Substack like independent researchers and analysts are really moving the markets. I feel like Ben Thompson has been a source of alpha for the market for a long time. He's been a source of investment thesis, but he doesn't put a buy or sell rating on things. And often much more longterm.
Long term. Exactly.
Like here's how strategies are converging. Here's how the market is evolving. Make your own decisions.
Yes. And then I see like semi analysis is thinking more in like a couple years out and it's still like they get held accountable for oh you said Microsoft was going to do this and they did that blah blah blah like and they have a different model that they actually sell to hedge funds and so they're very much in the research business but what's interesting about semi-analysis and a lot of these other independent analysis firms is that they're not sitting inside banks like we are very much used to sellside research being done by Morgan Stanley, Bank of America, Goldman Sachs. You get these equity research reports that your friends send you the PDFs for because you can't afford them. No, seriously, if you're working in an industry, get the sellside research report on your industry as fast as possible. It's very, very informative. There's always good data in there. But yeah, my big update was like, wow, okay, this is like a viral post that completely broke containment. There's people making Tik Toks about it now. And also, it's on the cover of the Wall Street Journal. Doom cells.
Yeah. Doom cells. Yeah. Over cells.
That's the Yeah, that's one of the narratives. And there was this funny funny thing about like, oh, well, it's just one scenario. It's just one scenario. Why? It's low probability. And then let's pull up Eric.
Eric was like, 'Yeah, it's just one scenario, but you only gave us one scenario and you spent 100 hours on that scenario.' And so what do you expect people to take away from it except like this is the one scenario that you think is most most worth considering? But of course, you know, it is possible that software is cooked, everything's cooked, and if there's a 5% chance that everything's cooked, yeah, the market should probably sell off by a couple percent. And you know, the market didn't even really sell off a couple percent. Like a couple names went down a few percent. Some of them already popped back up. Markets, I think, doing pretty well today. Yeah, green on the Dow, green on the NASDAQ, and a lot of green on that ticker down there, which is of course provided by public.com investing for those who take it seriously. They got stocks, options, bonds, crypto, treasuries, and more with great customer service. And I'm also going to tell you about Octa. Octa helps you assign every AI agent a trusted identity. So you get the power of AI without the risk. Secure every agent, secure any.
Let's head over to Derek Thompson, the Tomminator. at the Thompsonator. He says, 'I really want people to see the story above the story here, which is that whether you're reading Catrini or listening to Jamie Diamond at a cocktail party, the conversation about AI is a marketplace of competing science fiction narratives. That's not to say I think the technology is a parlor trick. You know, we covered this a couple weeks ago. He's feeling the AGI. That might be a little bit putting it too aggressively, but certainly he sees the potential impact. But Derek says, but rather that the level of uncertainty is so high and the quality in supply of real world real-time information about AI's macroeconomic effects so poultry that very serious conversations about AI are often more literary than genuinely analytical. And I think that observation sets up another important point. And I feel lucky to be able to have conversations about the frontier of AI with executives and builders at Frontier Labs, economists, investors, and other AI folks at off the record dinners where important truths can theoretically be shared without risk. I can't emphasize enough that nobody knows anything except for us is about as close to the reality here as three words are going to get you. Nobody knows what's going to happen this year or next year or the year after that. There is no secret cigar filled room of people except for us except the back room. I think we do have some cigars back there. You have a unique access to some authentic postcard from the future. When you drill down underneath the bluster, the boosterism, the fear, the anxiety. What's there at the bottom is genuine uncertainty, a vacuum into which storytelling is flooding. The frontier labs don't really know what they're building exactly, but we do. And economists don't really know how to model the thing they claim they're building, but we do.'
Yeah. I wish more people talked about and thought about this subject through that sort of lens. We're trying to model the economywide effects of a technology whose properties the Frontier Labs can't even really describe yet. Whatever you think of AI today, be prepared to change your mind soon. Yeah, this was something with Allup yesterday is I didn't when I asked him why do you think that so many of the internet predictions were deeply wrong? His answer was it's just a continuum. AI is just a continuum and so give it more time basically.
Yeah. The rebuttal that I heard from him when you said that he was like well no like look at all those predictions did come true and it was like yeah but over 20 years which is like wildly different than two years because the fear article is called the 2028. Exactly. And so if you tell me also so many institutions just adapt it. Yeah. Like if you go to somebody and you say hey in 20 years your job is going to be radically different. They're like I hope so. I'm going to be super bored doing the same thing for the next 20 years. In two years there's going to be no industry that you're currently in. Everyone's going to be like, 'Oh, okay.' Like that's crazy. It's wildly different to be like, you have 20 years to adjust what you do. Like, you know, if you're in Hollywood and you're like, 'Okay, I got to learn digital film making. I got to learn how to integrate CGI. I got to learn AI as a tool.' That's way different than just like next year we will be oneshotting holiday at Hollywood films and you will have no employment prospects whatsoever. Not even as a prompter because the labs will be prompting them themselves for AI videos. And maybe that's possible. But I have a feeling that it's just like it's not a year away. It's not two years away. It's a little bit farther. Still on the 10-year camp. Still on the Kershw timelines. But interestingly I'm impatient about it. Like I want it to go faster. I want the acceleration. I want the progress. I think the progress is good. So I'm not like a doomer pessimist. I'm just like trying to grapple with the fact that I had to wait four years in between GPT3 and models being good enough to not hallucinate. I had to wait another four years between like the early Dolly experiments and like the nano bananas. Like it has felt like something happens and I'm like, 'Oh, wow.' Like, 'Okay, like AI can generate images, but it's sort of sloppy.' And then I wait like four years and it's like, 'Okay, it's like a lot less sloppy, but it's like still not like dialed. Like it went from 90% to 99% and I'm waiting for it to get to 99.999999999999999999999999999999999999%.' That's where I want it to go. Anyway, is Door Dash cooked? Let's go over to Ben Thompson on stratey. He said, 'Okay, fine. While I'm here, the Door Dash example is just unbearably dumb.' He is a believer in the power of Door Dash to weather the AI storm. I saw that the Door Dash CEO put out a SEC letter to the investors. Did you see that?
Like a full PDF filed with the SEC like this is sort of guidance but telling the investor base like here's what's not going to change. Like basically disregard the Catrini report, disregard sci-fi doom. He says set aside for now the question of agents and aggregation. That's a post that is definitely in my mental cue. What is notable about the assertion is the total denial of any positive reason for Door Dash to exist or to be so successful. There's no awareness that Door Dash provided a massive consumer benefit restaurant food at home from scratch. I liked Keith Reoy's take that Door Dash is the I'm hungry button on your phone and then there's a whole bunch of crazy things that you have to do to make that happen, make that button work. I ordered Door Dash last night. I felt like I did it in protest of the doom. I was like, I'm still supporting. I'm riding with Door Dash. There's no awareness that Door Dash provided a massive consumer benefit from scratch, that Door Dash massively increased the addressable market for restaurants or that Door Dash provided brand new jobs for millions of drivers. Instead, the article just sort of takes it as a given that Door Dash exists and that it is a rent extractor preying on weak-willed humans in their habits. This is the exact sort of view taken by some of the most frustrating anti-monopoly activists. All large successful tech companies exist not because they created a market with virtuous cycles solving all kinds of thorny problems along the way, but rather because the government didn't regulate hard enough. I was thinking about in antitrust regulation, you know, how they'll stop two firms from joining because that will create a monopoly, but they don't really have a tool in the tool chest for stopping a company from just shutting down and stopping competing. Like if Xbox goes away, as people are predicting, Doom around Xbox, PlayStation gets a lot more powerful. Obviously, it's like the only game on the block. And so, should the FTC have a hammer to be like, 'No, you got to lock in Asha. You got to make more Xbox games. You got to compete harder. We want you to get GTA 6 out exclusively on Xbox faster to put the screws to Sony.'
You don't have time to spend three months gaming.
No. No. Lock in. Give us a new Halo. Give us a new Modern Warfare. Give us a new fable. I don't know. What are the other great Xbox games throughout the years? I was never that big of an Xbox gamer.
Never owned an Xbox.
Never owned an Xbox. Wow. Oh, I'm a gamer. No, you never say that.
I was working.
I wasn't. I didn't have the What was an Xbox back then?
It was like 300 400 bucks. Expensive.
Anyway, let me tell you about Gemini 3.1 Pro. Gemini 3.1 Pro is here with a more capable baseline. It's like it's great for super complex tasks like visualizing difficult concepts, synthesizing data into a single view or bringing creative projects to life. I was thinking about the SAS apocalypse in the context of the fact that today's launches no there are a lot of launches but well no the disconnect in the SAS apocalypse is that AI native SAS is getting funded at an insane rate. Yes. While you have these massive sell-offs in the public markets, yeah, there is a little bit of there's private companies that are getting lots and lots and lots of funding that if they were public would have traded down 20% over the last week or so.
Yeah. Anyways, continue. The thing I was thinking about was there's this whole idea that like you'll be able to build your own like CRM or your own ERP and vibe code it and open-source CRM exist like there's one called sweet CRM there's ODO there's ERP next there's plane for task management open project red mine like there are open-source alternatives to almost every piece of software. There's an open-source Photoshop that people use on Linux and they've never really gotten adoption. I used an open source forum software for a while and very quickly I called the person that was maintaining it and was like I'll pay a thousand bucks to just like do this for me and then it became a managed service very quickly and there's an open source capy bar simulator.
Is that open source? No. But it's interesting because open source has always been this like pressure on SAS and it's always withstood that and like yeah maybe like if you can just prompt it and it feels like emailing your SAS provider to reconfigure things like that is a real pressure but I think it's underrated that open-source CRM have existed for decades and never really taken off because there's something else that's valuable there. But Tyler has a problem because he thinks everything's going to get slopped.
I think that's like mostly cope like the comp to open source stuff. It's just annoying to maintain so no one ever does it and you're kind of just paying whoever to maintain it, right?
No, no, no, no. In open source like you don't need to pay someone to maintain it. You have to use the open source version of the open source thing. It's like you're basically paying someone to maintain it.
Yeah. Yeah. Host it all. Make sure up times like models keep getting better and they'll just like do all for you.
They'll do all that for you. And it's like Yeah. I think that's like very obvious.
Yeah, it is possible that you would just say like, okay, run in a loop and just go around and fix everything and if there's uptime or security patches like patch them immediately the open source software gets better. There's two narratives, right? There's the okay, everyone will just vibe code everything in any department. Yeah, you can just have an employee just make the software, tell the agent not to make mistakes and or tell the agent, hey, fix this thing. So, that's one thing. And I feel like that is a maybe a part of the sell-off, but the bigger reason for the sell-off is maybe what Derek Thompson is talking about, which is that the world is getting weirder. A lot of people are feeling the acceleration and if you just don't know what the world looks like or what work looks like in five years you want to take some risk off you're not willing to pay the same revenue multiple that you were three years ago.
Yeah, I do want to dig into that point that you mentioned earlier a little bit more which is like you have the Tyler philosophy of like you could vibe code everything and the agents will be able to go around and maintain and everyone will have personalized software individuals where the value occurs to the person using the software but then also the lab providing the software the inference and then there's like the private markets boom right now in AI enabled software where companies are saying well we were able to pull our roadmap way forward. We got to an MVP in a weekend and we're able to ship fast features way faster. So when we onboard new clients and they ask for something, it's like boom and we get it done in a few days as opposed to a few weeks of engineering sprint. And so the narrative is like we're moving faster and we're creating like AI enabled products that couldn't exist otherwise. And it feels like both of those can't be true. So I don't know which way we'll
Ben Thompson called out the real estate example. We took a segment out. This is from Catrini. 'Even places we thought insulated by the value of human relationships proved fragile. Real estate where buyers had tolerated five to six percent commissions for decades because of information asymmetry between agent and consumer crumbled once AI agents equipped with MLS access and decades of transaction data could replicate the knowledge base instantly.' And then Ben Thompson says the real estate example makes the exact opposite point the author thinks it does. 'The truth is that the internet already obsoleted real estate agents in terms of information flow. You can go online right now and get a listing of every house for sale with pictures, its full history, etc. There is no information asymmetry, but rather information abundance. The fact that real estate agents still exist despite that shift is actually one of the more compelling arguments that humans will be remarkably resourceful in giving themselves jobs to do even in areas where they ought to be pointless.'
Yeah. How hard is it to disintermediate a real estate agent? Does it happen on the buy side or the sell side? Like if I find a place on Zillow and I go knock on the door and so or I write them a letter and I say, 'Hey, I want to buy this but I don't have a real estate license and I'm not using a realtor and I don't want to pay a fee.' Will they be like, 'Cool.'
I think I mean you can do it from either side, but I will just say the reason that you don't is that I'm in process. I'm currently in escrow on a property and the guy representing me is going to make a lot of money. Yeah, but he's extremely helpful and he does a lot of real estate transactions. I don't do any. Yeah. I mean, I've done one in my life prior to this. So, like it's technically entrepreneurs could negotiate their own legal docs with Claude.
We have a buddy who got a real estate license, right?
Didn't Spencer from Day Job?
Oh, yeah. They did. Yeah. So it's possible boxing his real estate license, but well, yeah, and Spencer is probably a lot better now that he can use ChatBT or Gemini or any of these models to do stuff like this. But that being said, you're paying for effectively therapy throughout the deal and like general guidance.
And I can't be your therapist.
It's doable. I don't know. Tyler, will you ever use a real estate agent or will you ban them on principal? Go direct.
I mean, seems like I think models can do this.
Okay, we'll see. Over what timeline?
Like total real estate commission.
Well, it's like I don't think I'm going to be buying a house in the next two years.
Yeah, but houses will be bought over the next two years. So, what will the fall in real estate commissions be over the next two years?
I think like Okay, you're seeing a lot of these like big rounds of the big labs. All the researchers going to be buying houses. I think a lot of them are going to try to do it without real estate.
You think so?
Yeah, I would.
Okay. I'm sure that someone's going to write like a cool blog post about this.
Okay. That's the thing though. Cool blog post and if that's the benchmark it's viral article, not actual impact on the economy.
I'm sure it's like going to work like so. So, right now, we should have you buy a property.
Yes. Buy that town in Maine. That village. Yes, get the village. Anyway, speaking of day job, they just did a fantastic ad campaign with none other than Kim Kardashian.
While we pull this up, let me tell you about Apploving profitable advertising made easy with Axon.ai. Get access to over 1 billion daily active users and grow your business today. So, Kim Kardashian, she has a product called Drink Update. And here is the photo shoot from none other than Day Job, some of our closest friends and folks who we worked with on the TBPN brand.
Looks very cool. It's crazy because I know another founder who has an energy drink company called Update.
Wait, really? That is cooked now.
Well, I don't know who's cooked. They're If Kim Kardashian is coming for your consumer product brand, I feel like you're in trouble. She's almost a lawyer. What if she almost sues you? What if she uses Claude to pass the bar and then she sues?
Oh, maybe maybe I actually think this company is effectively just relaunching with Kim. Yes. Yes. Yes. This is a common thing.
Okay. Okay. I got it. So, I met this founder a while ago. They have a special ingredient in here that's sort of a caffeine alternative. It's called parazanthine. It's called So yeah, they've been building this for a while. I know it's available in it. No, no lean. No lean. But parazanthine is jitter-free and crash-free.
They're saying you can have a free lunch, John.
I like it. I'm here.
You like the sound of that.
They should have called it fou. I like a foustian bargain. Anyway, Doug over at Fabricated Knowledge, who's coming on the show tomorrow. That's from semi analysis, he said, 'Okay, finally read the Satrini piece. No one knows the future.' And I think that there's a lot of disclaimers like being like, 'Yeah, this is P speculative, but the core thrust of it is that information work itself has a real premium in pricing power that has been embedded into it. And that one-way trade can go backwards really hard all at once. I seriously think there's a huge risk and while prices go down we just consume more prices going down one time 50% we net consume less for a bit I have been and continue to be worried about deflation something I think is that selling tokens raw is probably bad but selling solutions is probably really really good think the problem is good enough is a good enough model that can eat a solution no matter what and so let's say Claude made co-work go giga expensive and it's 10k seat a year great less deflation but China low-end model massively eats that price it's a race to the bottom anyways great piece always appreciate it is always catrini this is the first post I've read where I've said like maybe it should be passed through an llm maybe that needed an mdash to make it more readable I love you doc I was stumbling over that and we will close the Catrini mega cycle with the close of the software mega cycle as has been predicted by Wilmanitis. He says the software mega cycle started with PayPal going public and it will end with PayPal going private. We will see how long that takes. PayPal could be public for another decade. Who knows? But it's certainly getting beat up in the public markets right now. Anyway, Burn Hobart says, 'Hearing that the latest anthropic job offer is a negative $10 million salary, you got to pay to work there, but you get access to their upcoming blog posts and tweets 24 hours in advance and permission to trade in your personal account with no restrictions. I don't see how any other labs have any talent left.' Of course, he's joking, but very funny to think about the insider trading that could be happening based on if you're
The only thing is if it came out that Enthropic was effectively day trading against the companies that they want to sell their models to. Yeah. It would be basically over. It would create like a very anti-anthropic alliance for sure from the business community and potentially the government as well.
Anyway, you don't want to be in hot water like that. You want to be using turbo puffer. Serverless vector in full tech search built from first principles on object storage fast 10x cheaper extremely scalable.
Stacy who's been on the show before says telling my kids that if they don't clean their rooms will come for them.
Dangerous stuff. Dangerous stuff. Anyway, this is like a lunar landing but for business and technology podcast. So Matt Slott is sharing the news that Salesforce chair and CEO Mark Benioff to discuss Q4 and full year results on TBPN company to debut evolved earning show format. We're doing with Salesforce putting on a show.
We're so excited for this. Anyway, in other big company announcement news, there's a lot of announcements. You may have missed this one. You may have been, oh, Bill Gurley's book launched. Oh, Stripe announced a massive fundraising round. Oh, Profound is announcing a funding round. Well, there's bigger news and that's that McDonald's just launched the biggest burger ever. The big arch.
It finally arrives in the United States.
To me, I'm thinking this How did they not have this burger the whole time?
How have they not done this before? I feel like that's been more of Jack in the Box's wheelhouse is like the quarter pounder, the $6 burger. That was a thing. That was a campaign for a while before Tyler's time, I'm sure. But the $6 burger was something that you'd see, right?
Burger has not been a thing the entire time Tyler's been alive.
No, he doesn't. Inflation has come for the burger. The $6 burger was an ad that you would see right in between ads for different Xbox games on the original Xbox. For sure.
There was a time before you were born when I was just a boy. My parents would give me like 10 bucks and that was like they'd be like that should be worth two meals. So make it last.
Make it last. Yeah man. Happy meal. We lost that. We lost that. Good times. Let me tell you about Cisco. Critical infrastructure for the AI era. Unlock seamless real-time experiences and new value with Cisco.
This is big. This is big for podcasters. This is arguably a bigger announcement than the big arch. Yeah. which is that Supreme has come and launched an official Sure MV7 microphone.
You've been waiting for it asking the Hypebeast microphone. Now, can we get a Chrome Hearts RE20 from ElectroVoice? Isn't that what this is? This is the RE20 Chrome Hearts RE20 because you know the MB7, if you don't know your podcast mics, it is a more consumer focused, more prosumer focused microphone. The actual shore has been riding this aura from the SM7B. That's the one that Joe Rogan uses. It was also, I believe, the microphone that was used to record Thriller. So, Michael Jackson used it in the studio. So, it has a lot of aura, a lot of lore. And so, the most successful podcasters adopted it and everyone was like, 'Oh, we got to go with the Shore SM7B.' But the SM7B, it needs a lot of power. It needs a lot of gain. And so yeah, if you wanted to just like plug it into your computer, you needed this thing called the cloud lifter. It required a whole bunch of configuration. It wasn't just plug it into the USBC port. So Shore responded to the demand, the overwhelming demand for that iconic Shore look that you know the long cylinder basically and they came out with the MV7 which is a USBC. You can also plug it into an XLR cable, but you can plug it straight into your microphone or into your laptop, which is great for Zoom meetings and just easy, simple podcast. But we've used these before and people have complained about the audio quality. Jordan Schneider over at China Talk actually told me directly, he was like, 'Upgrade to the RE20s. They're better. They sound better. You guys should do it.' We did and I think it's been good. But it completely opens the door for other brands to get in here. We need a Bayga. We need a chrome heart, a Rick Mill.
We need a Rick Owens RE20 for sure.
Jane Street accused of insider trading that helped collapse Terraform or Terra Luna, the court-appointed administrator of Doe Quan's Terraform Labs, alleged that Jane Street used non-public information about Terraform insiders to trade. We don't have to read this entire article. There was some snippets actually pulled out. Zero Hedge has a little bit of the details here. James was behind the 2022 crypto winter, destroying Terraform by first deping the token and destroying the ecosystem, then pretending it would rescue Terra while effectively it was soaking up what little value remained. And mixed response to this. Some people are calling it based. Some people say it rocks. I guess they don't like crypto, but they love Jane Street. It's an odd take, but people are having fun with the timeline.
Here's the thing. So the insider trading allegation, apparently they had a group chat. They were talking with somebody at Jane Street who had previously worked at Terraform. Oh wow. And so that individual at Jane Street was like talking with D and the team. The only issue is it's a public blockchain. And so the allegation is that 5 minutes after the Terraform team pulled money out of one of the liquidity pools, Jane Street also pulled money out. But theoretically they could have had software that said like if any amount of liquidity is pulled out like we, you know, basically like get out before there's kind of like a run on the bank.
Yeah, it'll be interesting to see where this goes. But Jane Street's like endlessly fascinating because it's such a quiet organization. I mean they do some tech talks and stuff but many people don't fully understand all the strategies that are going on over there. So it's been a fun a fun
good podcast strategy though.
They have a great podcast strategy. They're advertising on door cash. But they also put out tech talks and they bring guest lecturers to talk for like an hour. They did a great one about the custom hardware that they use to run some of their systems. That's very cool. Highly recommend it. You know what they should do? They should start streaming these on reream. one live stream 30 plus destinations. If Jane Street wants to multiream, they should go to reream.com.
Anthropic announces a new feature on Claude Max which allows its users to get fit without going to the gym or taking GLP1 shots, just prompting on their keyboards. And Planet Fitness is down 5% on the news. Of course, a joke due to their Q4 earnings. Conor McGregor is pretty excited about a new game. They're just they got a game for everything now. It's like the bull marketing games right now. There's so many memes as memes. This new game is called Copy Barara Simulator.
A relaxing game where you become a Capiara, explore the forest, and do nothing.
It looks quite enjoyable.
I think TVPN needs a game.
Yeah, we definitely need to build some sort of game.
This is a true This is a lower lift than like a realtime strategy game, I think. So, like Cholto is trying to ship. Yeah, we definitely should.
Conor McGregor says, 'Take my money.' I mean, clearly there's demand for Capi Bar Simulator.
38,000 likes. Yeah, we should move the goalposts. We need to be able to vibe code a game that's fun pretty quickly. I don't know what that means. One hour.
Leading.
You think you could do it in an hour?
An hour is pretty fast.
Exactly.
If I have the Cerebris chip. Yeah. If I use X on Spark. Yeah.
Yeah. I think that might be the solution. What were the other simulators that we looked at? Data center simulator. And then there was another one that we looked at that was funny. There were a few. There's been so many of these games that have popped up. You know, what was the one we were talking about yesterday?
That was Data Center Simulator. Insider Trading Simulator.
Oh, Insider Trading Simulator. That one's good. Yeah, there's definitely a variety of these. Let me tell you about Gusto, the unified platform for payroll, benefits, and HR built to evolve with modern small and medium-size businesses.
There is some controversy. Tell me about this timeline. Tell me about this. leading report is censoring words that don't need to be censored. In this case, the word war. And I was thinking, why would they do this?
Yes. But as I was reading over it the first time, I noticed that it makes you kind of pause and kind of think about, okay, what are they actually saying? And then you're thinking, why would they censor that? And I think what they're doing is they're sort of hacking your attention to drive their posts up in the algo because people are pausing reading it instead of reading like quickly. What does this mean? That type of thing. So the original headline is breaking representative AOC calls for no war with Iran. The first time I read this, they put a little minus sign where A should be in war. W A R. It's W-R. It sort of rewired my brain and I didn't see the no. So, it looked like AOC calls for war with Iran because I kind of jumped ahead. It was hard to read. And that actually does increase the virality. I think you're on to something here and 9 millimeter SMG agrees with you. News account that censors the word war. You guys got to stop. It is very very odd. Especially because on X that's certainly not a word that's like censored downrated. If anything, they're going to be like, 'Let's send to as many people as we possibly can.'
Yeah. But if you look at the comments on this post, people are not talking about a potential conflict with Iran. They're talking about not typing out war. So the top comment, why are you not typing out war? censoring the word war. What are we in elementary school? Why are they subtracting R from W? Why am I missing? You know, and people are like very confused about why they would do this. But that drives a bunch of engagement and virality. So very very odd scenario here.
Speaking of war, Musk XAI and the Pentagon reach a deal to deploy Grock in classified systems. If you loved Grock on the timeline, you're going to love him in our classified system. I guess they did a deal with the government broadly, but that was probably for the unclassified systems, but now it's getting access to the classified systems. Any Terminator fans out there are going to be having a great time with this news.
Yeah, it's going to be wild. Let me tell you about Lambda. Lambda is the super intelligence cloud building AI super plus supercomputers for training and inference that scale from one GPU to hundreds of thousands.
Deepseek is responding to Distillgate and they are looking for a public relations harmony manager.
Let's read. One of the best job postings I've ever seen, says Chris Paxton.
It's pretty interesting. They say Hangha, ancient capital of the Wuay Kingdom, where King Chian Lu bequeath to his descendants the instruction, serve the central plains with grace. This is so do not cling to territory. From this ground posting should start like this. From this ground rose, this sounds like
Yeah, it does.
From the ground rose the seeds of Song Dynasty civilization, the morning bells of Lingyin Temple, the rain falling on West Lake. And this is a job posting. This is amazing.
In recent days, certain misunderstandings and noise have appeared in the external public sphere. We have noticed that large numbers of kind-hearted observers have spontaneously spoken on our behalf, for which we are genuinely grateful while simultaneously feeling a degree of unease. We do not wish for anyone to suffer on our account, including those peers who currently find themselves navigating difficult public waters. In order to honor the legacy of Huayan and the spirit of Mahayana Bodhisattva path, we are now recruiting a public relations harmony manager.
So clearly this has been translated from Mandarin into English. But it sounds pretty cool if you ask me.
Yeah, the distill gate is going back and forth. Everyone's distilling everyone else. We distill you, they distill us. There was something about, I don't know how real this is, but when you ask Claude Sonnet 4.6 in Chinese, 'What model are you?' It responds in Chinese, 'I am DeepSeek.' Is that real?
So I tried it in the chat model. It didn't work. It said it was like Sonnet 4.6.
Apparently it might just be in the API.
Okay. Maybe I should test.
Yeah, it's also unclear just OpenRouter, but that sense. I mean, Will Brown was making a great point about this that there is distillation where you're aggressively trying to farm responses from the API for training data, but then there's also just crawling the web because if you just download every X article, you're probably going to get a lot of Grok and GPT and Claude responses in there and then that will just update your training corpus. And so there's a whole bunch of different ways that you could just wind up with a bunch of training data that leads to this type of response. But I'm sure there'll be more back and forth, more legal debates over what's going on there.
There was some dust up about someone was able to extract 95.8% of Harry Potter and the Sorcerer's Stone from Claude Sonnet. At the same time, there's a question about like, does this actually reduce sales of Harry Potter? Like, are there damages associated with this? That would be sort of harder to prove. So many people have talked about so many different pieces of Harry Potter. It's not crazy to me that an LLM could just reconstitute that from the internet.
Yeah, from the internet. Now there should probably be like a harness in place that says, 'Oh, this person's trying to just get me to give them a free book.' Like, 'No, send them a link to Amazon so they can buy it. Maybe give me an affiliate fee.' Don't just give them the thing for free because that's a violation of IP. But if you're being really tricky and you're trying to sneak out a whole bunch of different pieces one at a time and then reconstitute it, like, yeah, I'm not surprised this is possible. It's not the worst thing ever. Anyway, let's... Well, we have the Collison brothers joining in just a few minutes. Are there any other timeline posts you want to go through? And while you look at that, let me tell you about Finn.ai, the number one AI agent for customer service. If you want AI to handle your customer support, go to finn.ai.
Where are we in the data acknowledgements?
Fati says, 'My son asking me a lot of questions. It's a distillation attack, obviously. Do not let your children...'
I love it. A distillation attack.
I love it. They could become like a mini version of you.
They could. They could.
Anyways, I believe we have our first guest. We do. So, let's bring them on in. We have John Patrick Collison, the OGs from Stripe. How are you guys doing?
