00:16:47 · John Coogan, Jordi Hays
But he was having coffee regularly with another physicist. I forget what his name was but he's really famous. And the other guy was like, we noticed this together, I'm naming it after you. Do you have the story? Did you look this up? The origin? [00:17:03] S1: It says it's named after Nobel Prize winning physicist, Gale Mann. [00:17:06] S0: Yes. It's named after him but it was coined by his buddy who was another physicist who was like [00:17:11] S1: Michael Crichton. [00:17:12] S0: Is that it? Okay. Yes. Yeah. So they were hanging out, having coffee, they realized this thing and it's like [00:17:19] S1: Tyler should name this specific situation. Yeah. Cosgrove Paradox. [00:17:23] S0: Where where Where where someone asks you to fact check something they don't really know anything about. Anyway, we can move on because there's a whole bunch more news. Let me tell you about Cisco. Critical infrastructure for the AI era. Unlock seamless real time experiences and new value with Cisco. So oh, there are other reactions to Astra we should go through in the timeline. The big one comes from Joe. He says, you're never gonna believe it, but someone one prompted the new model to make a completely new and immersive three d game. Yes. The bar has already been raised. The goalposts have been moved. It's not enough to make a game. It has to be funny, entertaining. And I don't know. I I know how I I feel like a lot of people are taking the easy way out with these web based games. Playing a game on a MacBook Pro in a Chrome tab, that's not real gaming. It's gotta be it's gotta be running
00:17:23 · John Coogan, Jordi Hays
[00:17:23] S0: Where where Where where someone asks you to fact check something they don't really know anything about. Anyway, we can move on because there's a whole bunch more news. Let me tell you about Cisco. Critical infrastructure for the AI era. Unlock seamless real time experiences and new value with Cisco. So oh, there are other reactions to Astra we should go through in the timeline. The big one comes from Joe. He says, you're never gonna believe it, but someone one prompted the new model to make a completely new and immersive three d game. Yes. The bar has already been raised. The goalposts have been moved. It's not enough to make a game. It has to be funny, entertaining. And I don't know. I I know how I I feel like a lot of people are taking the easy way out with these web based games. Playing a game on a MacBook Pro in a Chrome tab, that's not real gaming. It's gotta be it's gotta be running [00:18:25] S1: In Steam? [00:18:26] S0: PC, on Steam, or on a PS five, or on an Xbox. It's gotta it's gotta have more to it than just some fun game that you can play around within the browser. I do love that the browser games are coming back. Like, don't know if either of you ever experienced like the Flash era, but like Flash games were huge. Line Rider. Line Rider. Okay. What about you? [00:18:46] S1: In elementary school, we'd play on cool math games. [00:18:49] S0: Cool math games. Okay. What what game? Line Rider or something else? [00:18:53] S1: I don't know. I don't know. I don't remember. There's so many.
00:18:53 · Jordi Hays, John Coogan, Bar Winkler
[00:18:53] S1: I don't know. I don't know. I don't remember. There's so many. [00:18:56] S0: Was Sorry? Just like I paid You put any money on it ever? Didn't make any money? Let's see. There's also some updates. Token pricing is effectively meaningless now. The benchmarks are meaningless. The token pricing charts are meaningless. Everything's meaningless. No. So Steven Heidel is sharing the cost efficiency, how you should think about cost efficiency in the modern era. So 3.8 Flash looks 13 times cheaper when measured per token but Astra is cheaper per task since it's far more efficient. Measure your cost per task, not per token. So interesting. I will we see a decline in if models get more token efficient, will we see a decline I mean we probably won't see an actual decline in in token volumes. But we've seen Sundar Pichai from Google and Alphabet stand on stage and talk about the exponential increases in token volumes. But you might see a kink in that graph or like a deceleration to some extent if models just get way more token efficiency. Like if the next version of Gemini or 3.8 Flash is 100x more token efficient, you might see a little bit less growth in token volumes but they might be doing more valuable work than ever. So sort of an interesting nuance you got to adapt to the modern times, I suppose. So the intelligence index versus the output tokens per intelligence task, There's a whole bunch of charts you can dig through. Let me tell you about the New York Stock Exchange. Wanna change the world? Raise capital at [00:20:33] S2: the New York Stock Exchange.
00:20:33 · Bar Winkler, John Coogan, Jordi Hays
[00:20:33] S2: the New York Stock Exchange. [00:20:36] S0: Jordy, any other Astra reactions you wanna go through? [00:20:40] S1: I think we'll have more by Monday. Probably. As more people get it. [00:20:42] S0: Yeah. Yeah. We need we need a break. We need a break. We need a we we we need a [00:20:48] S1: It's about that time. No. No. [00:20:50] S0: Mean Not [00:20:50] S1: for us. But but the [00:20:52] S0: AI leaders, for the executives, for the enterprise leaders, we need them to be able to digest the model. That typically happens over Christmas even though we're doing the road Christmas. No. But [00:21:01] S1: we've talked about three day weekends. [00:21:03] S0: Oh, yeah. Three day weekend's coming up so people will Labor be able fire it Okay. So yeah. It's yeah. Labor Day. It's got to be everyone's got to be spinning spinning up Astra by tomorrow. Lock in. Hopefully, you don't have any real plans so you can stay inside and vibe coat. So you can understand, you know, where the model's strong, how you want to deploy it, what you want your employees doing with it, etcetera. [00:21:25] S1: Jack Altman saw the benchmarks and said, Sam exclamation point, I guess even a blind squirrel can find a nut sometimes. Congrats. [00:21:35] S0: That's good. That's good. I like it. [00:21:38] S1: So good. [00:21:39] S0: Anyway, we should move on to the jobs report because even though AI is getting better so is The US employment picture. The US added a 162,000 jobs in August. Sheesh. That is a lot of jobs. Also, what's interesting is that the the Wall Street Journal had an op ed They're
00:21:39 · John Coogan, Hunter Somerville, Jordi Hays
[00:21:39] S0: Anyway, we should move on to the jobs report because even though AI is getting better so is The US employment picture. The US added a 162,000 jobs in August. Sheesh. That is a lot of jobs. Also, what's interesting is that the the Wall Street Journal had an op ed They're [00:21:59] S3: a violation. [00:21:59] S0: Had an op ed just I mean, it just printed today. It it went to it went to print online yesterday. But saying, why we'll have to get used to meh job reports. The economy doesn't need to generate all that many jobs to keep the labor market steady but that won't keep low job growth from feeling dissatisfying. So economists think or they thought that Friday's jobs report will show The US added seasonally adjusted 53,000 jobs in August. The number came back a 162,000. Three times what these what these economists what were the economists doing? A sleep at the wheel. They're on summer vacation maybe. Who knows? That would be a step up from July's unexpected loss of 23,000 jobs which of course was now revised upwards. So we actually did add jobs in [00:22:49] S1: Oh, got an upwards revision. Yeah. [00:22:50] S0: Upwards revision. [00:22:51] S1: You don't see that much. No. Usually [00:22:54] S0: Narrative violation. Usually. [00:22:56] S1: Yeah. That's a narrative violation.
00:22:57 · John Coogan
[00:22:57] S0: There's a whole bunch of interesting there's a whole bunch of interesting dynamics going on in the economy. The the the Wall Street Journal has been doing a great job highlighting the the the main street millionaire, the small town entrepreneur, what's happening in the broader real economy, not too focused on what's happening in tech and tech jobs where obviously a very small employee base can create a really outsized outcome. Nothing shows that better than Hugging Face. Couple 100 employees, dollars 12,000,000,000 outcome. And that's not the nature of The US economy. That is the power law. That is the the outlier. And But it's easy to track and say, oh, well, like if if you're making a $12,000,000,000 business with just a couple 100 people, there's not going to be any more jobs. But that's not the way The actual US economy works. So what is going on with The US economy? The August jobs report is out and it is good. It blew past expectations with The US adding a 162,000 jobs. Economists polled by the Wall Street Journal said that The US would add 53,000. That comes after both the June and July jobs reports were revised up to 31,021 respectively. So the unemployment rate remained at 4.1% which is historically low which indicates that we generally have a healthy labor market. The jobs added were fairly broad based from the Wall Street Journal. Food services and drinking places were a standout. Let's go. With an increase of 59,000 jobs and people were worried about this post World Cup slump. You remember this? Yeah. Yeah. And so it seems like whatever happened there, whatever gyrations happened, people are still dining out. People are still going to bars and so they're hiring.