01:21:06 · Immad Akhund, Tae Kim, Jordi Hays, John Coogan
[01:21:06] S5: Mhmm. [01:21:06] S3: That even if they falter a bit, they could sell compute capacity to to the highest bidder that's out there. So I I wouldn't count Meta out. I actually think, like I said, their core advertising advertising business is more durable than the Google search engine right now, which if you go, you know, it's filled with ads everywhere, it's not it's not a great experience. And a lot of that a lot of that traffic is gonna shift over to AI chatbot. So I if you actually look at the numbers, Meta is is their core business is very durable, has competitive advantage. It's growing still growing like a weed. I I I just wouldn't count them out. [01:21:46] S1: Yeah. Yeah. Basically, as soon as they either have an AI breakthrough or they pull back on AI, the stock has to rerate. Right? [01:21:58] S3: Yes. Yes. I mean, that's the same thing happened with with with the the metaverse stuff. Yeah. As if they start cutting back spending, you rerate rerate higher because all all those losses don't don't hit the income statement. [01:22:10] S0: They look tiny now. [01:22:11] S1: Yeah. It'd be so it'd be so wild to think about what Meta's stock would be doing right now if the metaverse debacle had never happened. Mhmm. Because the metaverse was like this high conviction bet on a category that was just way too early and yet AI doesn't I think you're right. And yet they feel like late on AI. I think Mark felt late or at least clearly felt behind enough to to to sort of, you know, 10 x the seriousness. So
01:22:11 · Jordi Hays, Tae Kim, John Coogan
[01:22:11] S1: Yeah. It'd be so it'd be so wild to think about what Meta's stock would be doing right now if the metaverse debacle had never happened. Mhmm. Because the metaverse was like this high conviction bet on a category that was just way too early and yet AI doesn't I think you're right. And yet they feel like late on AI. I think Mark felt late or at least clearly felt behind enough to to to sort of, you know, 10 x the seriousness. So [01:22:39] S3: I I think it's just yeah. I think they're a little more skeptical because of what happened with the metaverse where they spent tens of billions of dollars Yeah. That has pretty much gone. [01:22:49] S0: Yeah. Yeah. Becoming a Neo Cloud is a weird outcome for hyperscaler that could totally have a cloud platform but has not historically. And you would imagine that there's a whole bunch of hard won lessons that Azure, GCP, AWS went through, organizational decisions, structures, just key people in place. It feels hard to spin up immediately. At the same time, there's neo clouds that are scaling revenue extremely quickly every day. So I I I agree with you that it is it is a possibility, but a whole set of new challenges if that's the direction you
01:22:49 · John Coogan, Tae Kim
[01:22:49] S0: Yeah. Yeah. Becoming a Neo Cloud is a weird outcome for hyperscaler that could totally have a cloud platform but has not historically. And you would imagine that there's a whole bunch of hard won lessons that Azure, GCP, AWS went through, organizational decisions, structures, just key people in place. It feels hard to spin up immediately. At the same time, there's neo clouds that are scaling revenue extremely quickly every day. So I I I agree with you that it is it is a possibility, but a whole set of new challenges if that's the direction you [01:23:24] S3: guys the worst case scenario. Right? Like, they they they wanna use the AI compute capacity to make their internal businesses better with Yeah. The all the ad personalization and monetization and create this stuff. And and actually, I've been playing playing around with OpenClaw for the first five a few weeks ago. And, yeah, I've been using WhatsApp and that's the future. Everyone's gonna have a digital assistant. It's like so amazing. I ask it to give me the top 20 stories. It's powered by the latest version of Codex. Yeah. It goes out there, searches every day for me, and emails me the top 20 stories I should read. [01:23:59] S0: That's cool. [01:23:59] S3: It's really smart. Yeah. You guys should try it. It's actually amazing. Yeah. And the thing I'm thinking is like, why can't Meta do this? I mean, have this Meta AI that's [01:24:07] S0: not powerful. But,
01:24:07 · John Coogan, Tae Kim, Jordi Hays
[01:24:07] S0: not powerful. But, [01:24:08] S3: you know, having this little channel for my little t bot, I call it, t bot. And and all he does is WhatsApp it and say, do this. Do this. Find this for me. Find this for me. Everyone's gonna have this. [01:24:20] S0: This is [01:24:21] S3: the basic thing. [01:24:22] S0: Yeah. And I'm using WhatsApp. Big the the big headline token were from Google was that they seven x token production across all of their services. That actually seemed a little low to me given how broad the the surfaces are and how crazy the models have gotten in the last year. But I would expect to start seeing that out of Meta because now when you go to Instagram and you search, it gives you a little AI overview. And obviously, have the Meta AI app, and I would imagine that there's more AI hydration happening across the ecosystem. [01:24:51] S3: Anyway And this digital assistant thing is gonna be like, OpenClaw, like, I was skeptical until I tried it. I'm like, oh [01:24:57] S0: my gosh. [01:24:58] S3: So Meta should be all over this because it's on their [01:25:01] S0: And probably with the Ray Bans, they'll do it. Well, thank you so much for coming on the show. Always great hanging out. [01:25:05] S1: Great to see it. Ittai, what do you do for NVIDIA earnings? Do you do you just like turn off all the lights in the room and and like just like sit case [01:25:15] S0: of beer, nachos, big screen TV. [01:25:18] S1: Super Bowl? Is it more like a Super Bowl or like a No.
01:25:18 · Jordi Hays, Tae Kim, John Coogan
[01:25:18] S1: Super Bowl? Is it more like a Super Bowl or like a No. [01:25:21] S3: I I wish like we should bring back those bar crawls like Yeah. They had it they did it once. Okay. And then it stopped. Like, we should bring that back. [01:25:29] S1: Too much of a top signal. [01:25:30] S3: Is gonna be the number one most valuable company for a long time. Yeah. Like, sorry, AlphaFit. It's not gonna happen. [01:25:36] S0: Yeah. [01:25:38] S3: So we should bring those those bar earnings parties back. [01:25:41] S0: That sounds great. Well, we will talk to you soon. Have a great day. [01:25:44] S1: See you. Alright. [01:25:45] S3: Thanks, guys. Good to [01:25:45] S1: see Before you
01:25:45 · Jordi Hays, John Coogan, Immad Akhund, Marcus Milione
[01:25:45] S1: see Before you [01:25:46] S0: we bring in our next guest, I wanna actually pull up this Wall Street Journal article, see how SpaceX is about to eclipse every other blockbuster IPO. Scroll down on this because they have a beautiful visualization of IPOs over time. You can see the first graph. The these are IPOs over the last seven years ranging from $0 raised, probably $10,000,000 $100,000,000 all the way up to $2,000,000,000 Continue to scroll down, and you'll see what happens as the blockbuster IPO starts stacking up. You get Airbnb, who we're talking to the founder of just in a few minutes, ARM, Cerebras, Uber and Porsche. And then as you keep going, Saudi Aramco comes in at $25,000,000,000 if you keep scrolling down. And then eventually, SpaceX comes in to dwarf them all at 80,000,000,000 to make everything else look like a flat line on the chart. Absolutely blockbuster IPO and should make for a ton of great takes and analysis, and it'll be a fun fun day on the timeline when SpaceX goes goes public soon. We're getting the s one any day now. Well, our next guest, Ahmad from Mercury, is here with a big funding announcement. So we'll bring him in from the waiting room into the TVP and I'll throw it the mod. How are you doing? Here he is. [01:27:04] S5: Yeah. Great to be here. Am I not gonna get the dong? [01:27:07] S0: Oh, you'll get the dong, but you gotta give us the news. Tell us what happened. [01:27:10] S1: Be patient. You gotta give [01:27:11] S4: us what happened. Alright. [01:27:12] S5: Juffy Jaw. There we go. [01:27:13] S0: How much did you raise?