00:04:36 · Jordi Hays, John Coogan
[00:04:36] S1: Heard of it. [00:04:37] S0: Of the business story. [00:04:38] S1: Not super familiar. [00:04:39] S0: I I haven't worn glasses in a very long time, so I'm not really in the market. But the Warby Parkers, I've always I've always enjoyed the way they thought about the brand, and I've also been impressed by the way they built that business. They were early to the d to c boom. And then didn't some of the founders move over to Harry's? Is that the same team? Or is that a different Maybe. I'm thinking of? [00:04:56] S1: They were certainly when I when I think of d to c, I think of Warby. Yeah. I think of Allbirds. Yeah. I think of Everlane. [00:05:03] S0: Yes. But when you think of two the last two out of those three, the market caps are sub 100,000,000. Allbirds was trading at, what, 20,000,000 or something and then spiked because of the AI thing. But Allbirds, Everlane, not really sustainable businesses. Worry Parker, the other hand, current market [00:05:23] S1: Allbirds has [00:05:25] S0: pretty much been 3 and a half billion. [00:05:27] S1: Allbirds has pretty much been down only. [00:05:29] S0: Down only. This is the pump, the AI pump. On there. [00:05:32] S1: Neo Cloud, no surprises there. [00:05:35] S0: Well, have they given us an update on how they are rolling out Kubernetes? How it's going, building their Neo Cloud? Did they get allocation? Are they racking Cerebras? Are they racking GB two hundreds? What are they racking? And how fast are they getting power?
00:05:35 · John Coogan, Jordi Hays
[00:05:35] S0: Well, have they given us an update on how they are rolling out Kubernetes? How it's going, building their Neo Cloud? Did they get allocation? Are they racking Cerebras? Are they racking GB two hundreds? What are they racking? And how fast are they getting power? [00:05:48] S1: It would be it would be funny if Jensen ends up having to talk about Allbirds on their earnings call today. [00:05:54] S0: Didn't they [00:05:55] S1: There's a new [00:05:55] S0: Yeah. Didn't they also like fully rebrand the name? It was gonna be like Bird AI or All AI? Like [00:06:01] S1: Yes. They they were moving still all exists. Okay. But they basically kept the public Mhmm. Entity Yeah. And that's what they're building, the Neo Cloud there. So Fun. Well Lots of fun.
00:06:01 · Jordi Hays, John Coogan
[00:06:01] S1: Yes. They they were moving still all exists. Okay. But they basically kept the public Mhmm. Entity Yeah. And that's what they're building, the Neo Cloud there. So Fun. Well Lots of fun. [00:06:14] S0: Warby Parker, resilient. I mean, in 2021, it was a $6,000,000,000 company. Now it's a $3,000,000,000 company. Not the best scenario, but surprisingly resilient, I think, a time when a lot of people wrote off a lot of the stand alone direct to consumers, like either get rolled into a bigger company or go or like face the fate of the public markets. But Warby Parker has a deal with Google and Samsung. Google says, we're partnering with Samsung, Gentle Monster and Warby Parker on new intelligent eyewear. Here's a sneak peek at two designs from this fall's upcoming collections. And people are this is I like futurinomics from Sam. Kind of crazy that you can wear your favorite MAG seven on your face now. You can. The Gentle Monster one does a really good job of hiding the camera. I I imagine that it will have a light to tell you if it's recording, but if someone wore these from a distance also, Meta Ray Bans have done sort of the hard work of becoming the first face computer. So when you see Ray Bans and they're a little thick, you start immediately thinking, oh, should I be looking for a camera lens? Am I being recorded? But the Gentle Monster design, that silhouette, doesn't scream technology. It doesn't scream wearable face camera. And so these are gonna be a little bit more stealthy. Warby Parkers look nice. But the camera bump Yeah. On
00:07:40 · Jordi Hays, John Coogan
[00:07:40] S1: on Warby Parker you know, it makes a lot of sense that that that Google's and the metas have to go and partner on different silhouettes. Yeah. My expectation, my uninformed expectation is that Apple will just make Apple glasses. Right? They will probably I I it's hard to see them taking the route at least early on of partnering and allowing another company to influence the design language. But it makes a lot of sense that Meta would partner with Luxottica. [00:08:14] S0: Okay. Firstly, look look at the camera bump on this. If you zoom in as far as you can, I don't know if we can zoom in any further, but the the camera is actually not flush with the frames? It's actually protruding a little bit. Yeah. You can see it right there. Interesting design choice. I wonder how that will catch the light, how that will reflect in in in the real world. Is that true about Apple? I thought that they had a partnership. I thought someone I saw this on the timeline that Apple would be partnering with someone on frames. Maybe that was just a rumor. I don't know where it went. Okay. So, yes. I Apple has Carl Zeiss, which I guess is like a glass manufacturer. I don't know. Is do do they do they make glasses? Glasses? [00:09:02] S1: Karl Zeiss, a g German, manufacturer of optical systems. Oh, they make eyewear. Have an eyewear Founded in Germany in 1846. [00:09:10] S0: Okay. [00:09:10] S1: So By optician Karl Zeiss.
00:09:10 · Jordi Hays, John Coogan
[00:09:10] S1: So By optician Karl Zeiss. [00:09:12] S0: The Zeiss eyewear collection. I don't know. But this is all from a joke from Abdu says, okay. So Apple has Carl Zeiss, Meta has Ray Bans and Oakley. Google has Gentle Monster and Warby Parker. Boring. Which company is going to be bold enough to slap wearable technology into some three m safety glasses? Would you rock these, Jordy? Three ms safety glasses? Know what you're talking about. Right? You're working with a buzz saw I [00:09:37] S1: do know. [00:09:37] S0: Dust in your [00:09:38] S1: eyes? But these these look cool. These are sporty. I'm I'm much more likely to just commit to the bit. [00:09:44] S0: Just go full full cyberpunk. [00:09:46] S1: Full clank. [00:09:47] S0: Full yeah. Full you you'd clank out. Full full cyberpunk. I think that's I think that might be the move. I don't know. For some company, a challenger company could potentially do that, maybe friend or something. Anyway, what else? So Warby Parker traded down on the news, which Shiel Mona was surprised by. Why is Warby Parker down 14%? They announced a partnership at Google IO that's been in the works for a while. Is it because they aren't available yet? And our friend, Rat King, Mike Isaac says, okay, Google AI glasses with Warby Parker are officially coming for Meta Ray Ban. Google also said it would bring Gemini to glasses this fall with Samsung Electronics and and the eyewear companies, Warby Parker and Gentle Monster. The glasses which work similarly to Meta Ray Ban smart glasses come with a camera, microphone
00:10:31 · Jordi Hays, John Coogan
[00:10:31] S1: Yeah. What point at what point does Google just buy Warby Parker? Right? It's a $3,000,000,000 company. It's actually done quite well over the last six months. It's up 43% in the last six months, although it's been almost flat this year. I would say I expect that smart glasses are gonna have product market fit among people that need to wear glasses first. Right? Mhmm. If you already have to wear glasses all day long for your vision, why not throw some smart features in there? It's gonna be harder to get someone that doesn't need glasses to add a new device to their rotation. Right? Yeah. And so, know, Warby Parker's, you know, done quite well. Yeah. And has been surprisingly resilient, but they have, you know, incredible distribution. And I wouldn't be surprised if they get sniped at [00:11:26] S0: some I mean, deeper integration into a traditional, I don't know, like workflow. Like like a lot of the Google IO, we'll get into this, but was talking about Spark, the personal AI assistant. When I think [00:11:40] S1: Since Spark. It's an AI. [00:11:42] S0: I know. Know. I know. [00:11:43] S1: Oh, just look at Omni.