01:08:03 · Jordi Hays, John Coogan
[01:08:03] S1: They're getting Today [01:08:04] S0: is a real bloodbath. It's down it's down 6% today. Everything's down today. What else is down today? [01:08:10] S1: Bitcoin. Let's check. [01:08:12] S0: NASDAQ's down 1.3. Dow Jones, 1.3 as well. Well, we're we're going to ten thousand year mortgages. Doing ten thousand year mortgages. [01:08:23] S1: Announced the second round of stimulus checks already. [01:08:25] S0: Gemini three must save us. There there's a prediction on Polymarket that was quote posted by Sundar Pichai, CEO of Google. He says prediction markets are betting on Gemini three release week. 69% says November 22. Can't wait for that. We were wondering if we were gonna get it before Christmas. It was our Christmas present. It was Tyler's Christmas present. And, fortunately, looks like we're going to. And I couldn't be more excited that we are partnered with Gemini and Google AI Studio, create an AI powered app faster than ever. Gemini understands the capabilities you need and automatically wires up the right models and APIs for you. You can get started at a i.studio slash build. [01:09:09] S1: So Speaking of Google, capital says his final investing decision was to buy Google.
01:09:09 · Jordi Hays, John Coogan
[01:09:09] S1: So Speaking of Google, capital says his final investing decision was to buy Google. [01:09:15] S0: It's amazing. I think that's beautiful. He doesn't even need to say who he's talking about. It's, so obvious. It's Warren Buffett. It is it is beautiful that Warren Buffett is going long. Google, and, Darren here quotes this rune post that says, not enough people are emotionally prepared for if it's not a bubble. It's a good post. Like, it's like it's like, is it is it a is it a bubble if if all the big tech companies rip and there's, like, a couple neo clouds that trade down a little bit? Like, there's, like, you know, one or two application layer companies that burn a bunch of VC dollars, but there's still a new hyperscaler that's born. Like, kind of. I guess it's a bubble, but it's a survivable bubble. You know, it's just like, it's move on. You know? [01:10:02] S1: Yeah. Pulling bubbles.
01:10:02 · Jordi Hays, John Coogan
[01:10:02] S1: Yeah. Pulling bubbles. [01:10:04] S0: But people are getting wild on the timeline about Gemini three. Rune says the model must be good because the Google people have adapted the OpenAI culture of vague posting and hushed rumors and sending really weird texts. So we are ex and signals is LMAO explicitly calling out OpenAI culture of vague posting is hilarious. People are excited. There was also a a Reuters profile of Demis, and Morgan says, a Demis profile can only mean one thing. I imagine that that's Gemini three point o and that it will be good. The question is, like, what does good mean right now? Like, are we expecting anything that's, like, a a qualitative step function? Because my what what I would say what is Gemini three good? First off, I mostly just want better UI and little features in the app. Like, I want as a consumer product, I I just want, like, you know, better productization of the model that I already think is good. On the actual AI model side, I would imagine it's, you know, little 10% bump to how long it can reason. Maybe a model picker or, not a model picker, an automatic reasoning mode so that if I if I even if I think it's gonna take ten minutes to get me the answer, if it has the answer handy, it gives it to me in one minute, vice versa. It knows when to think really hard. It knows when to, think just for a little bit. I'm expecting it to be like slightly better at all the benchmarks. I don't know I don't even know what would blow me away.
01:11:42 · Tyler, John Coogan, Jordi Hays
[01:11:42] S2: Yeah. I mean, that at this point, it's it's getting like fairly hard to find good prompts that like show how good a model is. Like, there was the one earlier we showed about the shrimp fried rice one. [01:11:50] S0: Yeah. That's, like, [01:11:51] S2: pretty good. Yeah. But, yeah, I mean, qualitative, like, just in normal kind of natural language, it's, like, pretty hard to [01:11:57] S0: Yeah. [01:11:57] S2: To get [01:11:58] S0: like, if I go to Gemini three and I say, tell me a joke or I say, write me a tweet that gets over a thousand likes, I'm not actually that disappointed when it falls flat on its face. I'm like, yeah. It's fine. It's spiky intelligence. I don't really need you to do that. I don't need you to be funny. I need you to, look up data really accurately for me. I need you to do that really well. Or I need you to write code really accurately for us. [01:12:24] S2: Yeah. I think another question is, like, what will OpenAI do if they'll do anything? Yeah. Because we've basically seen every big Gemini release, there's been some response from OpenAI. Usually, they do it the day before. [01:12:36] S0: What is Druity laughing at? [01:12:38] S1: I just don't know. I don't I I know that they want to steal Gemini's thunder. I just don't know if they have the juice this week. [01:12:45] S0: Who? Oh, OpenAI. Yeah. I mean [01:12:49] S2: It it feels a little bit like all the people at OpenAI are throwing in the towel a little bit. No one is no one is vague posting over there. Yeah. I
01:12:49 · Tyler, John Coogan, Jordi Hays, Eric Glyman
[01:12:49] S2: It it feels a little bit like all the people at OpenAI are throwing in the towel a little bit. No one is no one is vague posting over there. Yeah. I [01:12:57] S0: I would I it feels like they've they've launched a lot of the things that would be easy, like, layups. Like, if they launched Sora this week, everyone would be like, oh, wait. We gotta focus on Sora. These videos of Sam Altman stealing GPUs are just too funny. Doesn't matter what happened in in Gemini three world because Gemini three probably will They be a released little Yes. [01:13:18] S1: OpenAI, the IO acquisition Yes. Week of Google IO. [01:13:22] S0: Yes. Yes. [01:13:23] S1: Yes. Turns out, like, they couldn't I don't think they could use the name IO. Like, they they got that, like, trademark lawsuit right away. [01:13:30] S0: Just like we big news. We hired three Geminis. Their birthday is in the month that makes them Geminis, and so we're introducing them today. And we're doing a whole press release for it, I think. [01:13:40] S1: The new Gemini team. Gemini At OpenAI. [01:13:43] S0: At OpenAI. Just anything to to steamroll the SEO. It will be fun. Well, we have Eric Lyman from Ramp in the Restream waiting room. Let's bring him into the t u p and l for now. Eric, how are you doing? [01:13:55] S1: Yellow suit. What? [01:13:56] S0: Did you not get the memo? Get the [01:13:58] S7: oh my gosh. Guys, I'm, I'm on the road today, but, I'm gonna be wearing my yellow suit all week. It's so good to see you guys.
01:13:58 · Eric Glyman, John Coogan, Jordi Hays
[01:13:58] S7: oh my gosh. Guys, I'm, I'm on the road today, but, I'm gonna be wearing my yellow suit all week. It's so good to see you guys. [01:14:06] S0: Good to see you too. Good to see you too. Give us the update. What's the latest? What happened? [01:14:12] S7: It's so so today, Ramp announced a $300,000,000 raise at a $32,000,000,000 valuation. [01:14:23] S1: Congratulations. They've done it again. [01:14:26] S0: The big question everyone wants to ask. The chat's going crazy. Is the job finished? [01:14:33] S7: Guys, the job is not finished. [01:15:07] S0: The the thesis behind the round.