02:12:46 · Jordi Hays, John Coogan
[02:12:46] S1: I think this is one of those things that's hard for it to be hard to be that excited about until you [02:12:51] S0: get into experience. Question in the chat. How long until they pivot to a weapons company? I don't think it will happen. I think that, drone defense is, like, the most it's it's such a such a such a a crowded industry. It would be really, really hard to break through there. I don't know. Maybe may maybe there's something in, like, logistics. I've talked to a few folks in defense that will do drone based transportation or delivery for, let's say, how do you how do you get supplies from land onto an aircraft carrier that's stationed off of the coast? Well, you could fly a whole helicopter there. But what if you just wanna deliver one smaller package back and forth? You could use a smaller drone for that. There's companies that are building in that category. So I I mean, I could see it happening, but I wouldn't expect the zipline to be, you know, on the front lines of Ukraine competing with Niros to, you know, arm the resistance there anytime soon. The drone delivery, like, delivering a burrito is gonna be a massive market. Like, DoorDash is does it You know, that's why it's a $100,000,000,000 business. Like, I don't think that they they're they need to deal with all the craziness of DOD procurement. Anyway [02:14:07] S1: So someone in the chat mentioned that UB Tech fired back and released a behind the scenes video No. [02:14:13] S0: Of podcast. Okay. We gotta pull that up. Do we have it? Thank you to the chat for letting letting
02:14:13 · John Coogan, Jordi Hays
[02:14:13] S0: Of podcast. Okay. We gotta pull that up. Do we have it? Thank you to the chat for letting letting [02:14:18] S1: us I'm adding it here. [02:14:21] S0: Let's add it. In the meantime, more on robotics. Blake Robbins has a great take that I was curious about. If anyone knows anything about this, please, fill me in. He says, as robotics continues to get more attention, I always wonder what Boston Dynamics is cooking. It feels like Boston Dynamics should have been the open AI of robotics, and yet I can barely mention anyone that worked there. And there's a whole bunch of different debate on, you know, what happened. Boston Dynamics was sold a few times. [02:14:50] S1: To be studied. [02:14:51] S0: Yeah. Boston Dynamics. [02:14:54] S1: What's the dynamic over there? [02:14:56] S0: Wait. Wait. Boston Dynamics. It's the original browser company in New York. They just took their city and what they do and put it together. This is the the you know, they should the Dynamics company of Boston rebrand, come out with a humanoid. Let's play this video. It's behind the scenes video. [02:15:10] S1: Los Angeles dynamics would just be, like, an like, Lincoln Bios. [02:15:15] S0: Well, at one at one point, Boston Dynamics sold to Hyundai Heavy Industries, so I believe they were across the Pacific Ocean. Let's react to the second video posted by the Humanoid Robotics company. Okay. UB Tech Industrial Walkers, they've been pumping these out. Feels like the question has never been, can China make a lot of these things? Like, obviously, they In
02:15:15 · John Coogan, Jordi Hays
[02:15:15] S0: Well, at one at one point, Boston Dynamics sold to Hyundai Heavy Industries, so I believe they were across the Pacific Ocean. Let's react to the second video posted by the Humanoid Robotics company. Okay. UB Tech Industrial Walkers, they've been pumping these out. Feels like the question has never been, can China make a lot of these things? Like, obviously, they In [02:15:41] S1: the in the bio, they said they said it looked too perfect to be real. Yeah. And then they used some chatty bitty slot, but perfection isn't fabricated. It's delicately engineered. [02:15:50] S0: It's so good. You know you know, for a long time, people were saying that, there was no way to watermark AI created content with because, like, oh, how would you do it? You you change one. It's like, actually, all AI content is watermarked. Turns out. It's just perfectly watermarked. Yeah. This looks real to me. I I don't know. It also could be CGI honestly. [02:16:15] S1: It's pretty funny to see Brett say this was all faked.
02:16:15 · Jordi Hays, John Coogan, Luca Ferrari
[02:16:15] S1: It's pretty funny to see Brett say this was all faked. [02:16:18] S0: Yeah. It it looks it looks real. I mean, it would be way they could have done so much better to make this look real. Put a bunch of humans there, touch them. A lot of the hard part in CGI is the handoff between the CGI character and the human character. And so what you should be doing is you is you should have a human who takes, like, a smoothie and pours it on top of the robot and then, like, wipes the robot off clean with a towel, and you're seeing how the fluids interact with the robot, interact with the person. And, like, that was that was not actually that satisfactory. I don't know. I think, I don't know. I'm not calling it fake, but it could be fake because CGI is really, really good. Like, CGI just is at that level where that's possible. Anyway, yeah, [02:17:08] S1: we know the we know the caption or the the description of the video was AI generated. [02:17:13] S0: That is hilarious that they they had to use it for the caption. [02:17:19] S1: It's like I mean [02:17:20] S0: It's like AI on it. And it's like, after all, it is an AI company. Like, it would be on brand. Anyway, fin dot a I, the number one AI agent for customer service. Number one in performance benchmarks. Number one in competitive bake off. Number one ranking on g two. You can get started for free. Our next guest is Luca from Bending Spoons in the restroom waiting room. Welcome to the show. [02:17:39] S1: Welcome to the show. Good to meet you. [02:17:41] S0: How are doing? [02:17:41] S5: Hello. Hi.
02:17:41 · Luca Ferrari, John Coogan
[02:17:41] S5: Hello. Hi. [02:17:43] S0: Thank you so much. [02:17:44] S5: Good to [02:17:44] S0: meet I imagine it's late there. Thank you for staying up late and coming and chatting with us. For those who don't know you, would you mind introducing yourself? [02:17:54] S5: Of course. One of the cofounders, the CEO at Venice Pounds. And what we do is we, look for digital technology businesses with an express potential, and then we acquire them if they'll sell them to us and transform them sometimes quite radically by rewriting big chunks of of the software, rearchitecting the cloud infrastructure, redesigning the UI, launching a lot of lots of features, optimizing monetization and marketing, rebuilding big parts of the organization. So lots of hand hands on work. And then if we do it right, we generate a lot of value. We plug back into bigger acquisitions and strengthening, call it, our platform. So basically, proprietary technologies, our expertise, access to talent. [02:18:36] S0: The company's huge now, $11,000,000,000 valuation. How did you get started with all this?
02:18:36 · John Coogan, Luca Ferrari
[02:18:36] S0: The company's huge now, $11,000,000,000 valuation. How did you get started with all this? [02:18:44] S5: So I first funded a startup in 2010. Interestingly, talking about AI, we were trying to create a self rising diary or journal with AI in 2010, which was pretty early. Yeah. We couldn't I mean, it worked fine, but it wasn't good enough. So that was like your typical start up. You work from a garage. It was really our, you know, living room in our apartment with more or less the concept is the same. We we worked on it for three years, couldn't make it work commercially, and then we kinda shut it down. And through that experience, we came up with the strategy for Benning Spoons. Basically, why don't we try to outsource looking for product market fit to the market? We try to be the best in the world at the, call it, functional expertise that's necessary to run a digital technology business. So software engineering, product design, growth, and all all these things. And then we we buy businesses where the owner is basically doesn't wanna work on it any longer or where maybe we can do better so we can offer an exciting price for all involved. [02:19:48] S0: Is the reference is the name a reference to The Matrix? [02:19:52] S5: Actually, yes. Yeah. It is. Cool. [02:19:55] S0: Yeah. It it is it it feels like, at least to me, like, it's kind of an odd name for any business. I it's cool. I I like the reference. But why did you pick that name particular in in particular?