TBPN

AI Needs a Steve Jobs, Meta’s Nuclear Powerplants, a16z raises $15B | Diet TBPN

30 min
Jan 10, 20263 months ago
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Summary

This episode covers major tech industry developments including Tim Cook's potential retirement and succession planning at Apple, the need for visionary AI leadership similar to Steve Jobs, and significant funding news with Andreessen Horowitz raising $15 billion. The hosts also discuss Meta's nuclear power partnerships, AI's public perception challenges, and various other tech industry updates.

Insights
  • AI industry faces a significant narrative problem with public perception, lacking inspirational leadership that focuses on human empowerment rather than existential threats
  • Apple's succession planning reveals tension between maintaining operational excellence versus driving visionary innovation for future product categories
  • Tech companies are increasingly investing in nuclear power infrastructure to support AI data center energy demands, signaling a major shift in corporate energy strategy
  • The venture capital landscape is consolidating with mega-funds like A16Z's $15B raise representing 18% of all US VC dollars
  • Public sentiment around AI has shifted to a 'second techlash' focused on job displacement, resource consumption, and existential risks rather than privacy and democracy concerns
Trends
Nuclear power partnerships becoming standard for AI companiesCEO succession planning accelerating across major tech companiesVenture capital fund sizes reaching unprecedented scalesAI narrative shifting from technical capabilities to public acceptance challengesGovernment investment in semiconductor manufacturing returning to US3D printing technology expanding into commercial real estateCorporate architecture discussions focusing on aesthetic and psychological impactTech leadership messaging requiring more human-centric framingEnergy infrastructure becoming a competitive advantage for AI companiesPublic perception of AI shifting from excitement to concern about job displacement
Quotes
"It's not a faith in technology, it's faith in people. Technology is nothing. What's important is that you have faith in people that they're basically good and smart and if you give them tools, they'll do wonderful things with them."
Steve JobsReferenced from 1994 Rolling Stone interview
"AI needs jobs too. They need a Steve Jobs."
HostMid-episode
"He's a nice guy... He's someone you want to hang out with... Has he made any hard decisions? No."
Cameron Rogers (former Apple engineer)Discussing John Ternus
"I will probably most likely lead to the end of the world. But in the meantime there'll be great companies."
Sam AltmanReferenced quote
"We doubled the market cap. It's over 200 billion and also very exciting. We announced our products first time on the 18A production."
Pat GelsingerSpeaking to Howard Lutnick
Full Transcript
5 Speakers
Speaker A

We have a massive show for you today folks. $15 billion raised by Andreessen Horowitz. We're gonna be taking you all over the place today. But we're gonna start with Steve Jobs.

0:02

Speaker B

Apple.

0:13

Speaker A

We're going back into Cupertino because there's a rumor that Tim Cook might step down sooner than expected. His compensation. We've talked about it a lot. 74. 0.29 million per year. His salary's 3 million. Stock awards. 57 million. Non equity incentive compensation. He gets a $12 million bonus. If he does well. He gets 21,000 in 401k. Personal use of private jet. 800k on that. That's nice to see. Only 800k vacation cash out of 56k security expenses. They're paying $900,000 a year to secure him. That's going to be a whole team of people. Probably some jacked tier one operators following him everywhere he goes. But he is. He is rumored to be out. Apple track says Apple CEO Tim Cook has told senior leaders that he is tired and would like to reduce his workload.

0:13

Speaker B

I doubt they wanted that quote specifically.

1:06

Speaker A

Yeah.

1:09

Speaker B

To leak.

1:10

Speaker A

But it did via the New York Times. So rumors suggest he could announce a plan to retire as early as this year. Of course the. The rumor is that John Ternus might step into that role. With Tim Cook having recently turned 65 years old and a number of other senior Apple executives having already departed in recent months or heading for the exits, there has been a significant focus on Apple's plans for who will succeed Cook as CEO. I was hoping for a Warren Buffett third act from Cook. I was hoping for him to just say I'm just hitting my stride 65 to 95. That's where I'm going to do my best.

1:11

Speaker B

Window. You haven't seen any compounding yet.

1:47

Speaker A

It's a completely underrated era for business leaders. If you can stay in the game and. And continue to compound from 65 to 95. That's where the sweet spot is. You just get ready to lock in. Not, not, not check out. But he might.

1:50

Speaker B

We love to joke about him being underpaid. I actually think he is or he has been.

2:04

Speaker A

But for how big of a company is and what he's done to the.

2:09

Speaker B

Determinism of Tim Cook coming in and just absolutely cooking.

2:11

Speaker A

He's.

2:16

Speaker B

For as long as he has. It will always be remembered.

2:16

Speaker A

Yeah. So. Several recent reports have identified Apple's senior vice president of hardware engineering John Ternus as likely to be named the next Apple CEO and the New York Times has now shared a profile of Ternus with some context on his expertise and how he's viewed within the company. According to sources who spoke with the New York Times, Apple has begun accelerating its planning for Tim Cook's succession last year, with Cook having expressed a desire to reduce his workload, while software chief Craig Federicki, services chief Eddie Q, marketing head Greg Jaws, and retail HR chief Deidre o' Brien have all reportedly been seen as potential candidates. Turnus appears to have shot to the front of the pack, with Cook likely to remain as chairman of the company's board of directors. Oh, so he's not completely out to pasture. He'll be in the boardroom. Ternus is known for his expertise as an engineer, having worked on many of Apple's devices through although he is known, quote, more for for maintaining products than developing new ones. Big question about what the next decade or two of Apple's product roadmap actually looks like. How many more new products do they need? They sort of have one thing in every category. If we go through a major form factor shift, that could be an issue. But in general, if you have someone who's really good at maintaining products and keeping dominant market share, driving up margins, that could be the right person for the job. Quote About John Ternus He's a nice guy. Let's hear it from nice guys. Sometimes nice guys finish first. You know, they always say nice guys finish last. I think it's a bit of fake news. This is from former Apple engineer Cameron Rogers. Quote about John Ternus. He's someone you want to hang out with. I love it. He's just a good hang. Everyone loves him because he's great. Has he made any hard decisions? No. Taking shots at your boy? Hey loves me. We just like hanging out with the guy. We just like hanging out. Has he had to do any real work ever?

2:20

Speaker C

No.

4:14

Speaker A

Has he made any a single hard decision in his life? No. I'm sure that's not true, but it does characterize his role. I guess he hasn't been in the CEO seat, so he probably hasn't had to make crazy decisions like should we launch Apple Vision Pro now or later? You know, he's not the one. He's just like, you told me to launch it. I got it done right. That's his role.

4:15

Speaker B

Should we make the iPhone less durable?

4:35

Speaker A

That's a hard decision. Are there hard problems he solved in hardware also?

4:38

Speaker B

No.

4:42

Speaker A

What? This is an insane quote. Wow. Ternus and others may quibble with that assessment. However, as Ternus has been involved with a number of innovative products over the years, including spearheading effort to develop the iPhone Air and working on the upcoming foldable iPhone. That's exciting. Ternus is seen as a natural successor to Cook, with an even temperament, strong attention to detail, and an intimate knowledge of Apple's supply chain. That's obviously very good. But he may not bring the visionary focus and willingness to take risks that Steve Jobs had. Will John Ternus, if he steps into the role of CEO of Apple, will he bring the visionary focus and willingness to take risks that Steve Jobs had? That's a tall, tall order. I think Tim Cook's executed extremely well. He hasn't even. It doesn't really seem like he's tried to bring a visionary focus. He's been the operator.

4:43

Speaker B

He's a supply chain visionary.

5:40

Speaker A

Yeah, visionary in his own way. You were thinking, and we've been discussing this need for a Steve Jobs of AI, a visionary leader in AI. We have a number of household name type CEOs, Sam Altman, Elon Musk, Dario Amadei Demis at Google DeepMind. But we don't quite have that Steve Jobs. Maybe that's too tall of an order, but you still think it's necessary. So walk me through your thinking.

5:41

Speaker B

Yeah. Everybody's worried about not having a job because of AI. Well, AI needs jobs too. They need a Steve Jobs.

6:10

Speaker A

Yeah. Oh, I didn't get that. That's good.

6:18

Speaker B

We've talked about this a little bit this week. I tried to summarize it today in the newsletter. I went back and looked at the history of the phrase techlash. It was originally coined by Adrian Woldridge and the Economist in 2013. He correctly predicted that, quote, the big developments of 2014 will be the growing peasants revolt against the sovereigns of cyberspace. The silicon elite will cease to be regarded as geeks who happen to be filthy rich and become filthy rich people who happen to be geeks over the coming years. He was entirely correct. It was actually in 2018 that Techlash was the runner up Word of the year.

6:20

Speaker A

No way.

6:53

Speaker B

So he called it perfectly. Obviously you had the Cambridge Analytica scandal, which is actually finally going to be dramatized this year with the Social network too.

6:53

Speaker A

That's coming out this year. Do we have a release date yet for that?

7:04

Speaker B

I don't think so, but it is in the works. And then, yeah, just growing concerns about monopoly power, privacy, democracy, censorship.

7:06

Speaker A

Really quickly. Tyler. October 9, 2026.

7:16

Speaker C

Yeah, that's what I'm seeing.

7:19

Speaker B

There we go. Okay.

7:20

Speaker A

We do book the tickets. Now, it's going to be an.

7:21

Speaker B

This would be a good. We should organize. We should. We should. Actually, I don't know, I'm not sure that this movie is. I expect this movie to hit like 10% or potentially negative in comparison to the social network one.

7:24

Speaker A

I agree.

7:38

Speaker B

And so I think it might be the kind of thing you get a bunch of people that go, and it's just like, okay, that was the Social Network.

7:38

Speaker A

The original movie is a really good Rorschach test for. Are you gonna have a good time in tech? Like, if you ask someone who is thinking about working at a company or a tech startup, like, what'd you think of the Social Network? And they're like, oh, I thought it was like, awful. And like, I hated all of. There were no heroes. Well, they're probably not going to enjoy tech. But if they came away from it being like, oh, well, it's actually really ironic.

7:43

Speaker B

I'm going to start.

8:04

Speaker A

Because he just coded a thing in his dorm room that became really big. And yes, there was drama and fights over who gets what on the cap table. But even Eduardo Saverin became a multi billionaire. So, you know, sort of an aim for the moon, land amongst the stars situation. Most people, most tech insiders, if you ask them about the Social Network, they were like, that was inspiring. I listened to the music all the time. It inspired me to grind harder.

8:06

Speaker B

Basically. I'll continue. So first Tech Lash is all about how is this impacting our mental health? How is this impacting our democracy, the foundations of our country, society, privacy, censorship, et cetera. The second Tech Lash has begun. Feels like it started last year. This is one of the things, like, yeah, you don't really know. Like, sometimes it takes a while to realize, like, okay, we're, we're in this thing now that we can look back and see how public opinion has been forming around this. So, yeah, I believe the average American believes that technology and now AI is now like a threat to their way of life. So I was looking at.

8:32

Speaker A

There were rumors of the tech lash in 2024 when the image generators came out. A lot of the arts community were saying, this is really, really bad. It's going to put artists out of jobs. The thumbnail community on YouTube was upset. But this year it's solidified around. There's like three or four key points, key talking points. If you talk to someone, why don't you like AI? Well, it's. It's stealing copyrighted information. It's slop. It's putting people out of jobs. It's stealing water and stealing power. And each one of those tech lash.

9:09

Speaker B

Was like, okay, these tech platforms, our lives are now existing in these platforms, and they are in some ways more powerful than the government.

9:42

Speaker A

Yeah.

9:49

Speaker B

Maslow's hierarchy of needs pulled up and I was just like going through and looking physiological needs. Right. Air, water, food, shelter, sleep, clothing, reproduction, safety, personal security, employment, resources, health. Right. All these different things. And then you just go up and you can see that, like, there's good reason for the average American to just kind of believe, like, AI is going to mess. All right, so starting at the bottom. Americans have heard that data centers use a lot of water. Yeah. I mean, it's not necessarily factual.

9:49

Speaker A

Yep, sure, sure.

10:16

Speaker B

Water is used in the process, but we're not like, you know, blowing through water at the rates that the public.

10:18

Speaker A

I was joking about this online. I was hypothetically debating with a doomer about water usage. Well, are they long water stock? Because if you, if you believe that AI is going to use all the power and you bought GE Verona, you did very, very well. But the water stocks have not mooned. So, hey, D cells who think AI is going to use all the water, maybe you got to put on a long position.

10:24

Speaker B

Yeah. Also privatize a public utility. Yeah. Become a monopolist.

10:47

Speaker A

AI does use a lot of power, and there's a lot of investment. Theses that can be built on top of the semianalysis energy model. Why doesn't semi analysis have a water model? Oh, because it's actually not a bottleneck to anything.

10:51

Speaker B

Yeah. So the power thing is, is more real. I have to imagine people are reading an article, oh, your power bill might be going up. If your power bill just goes up because it's a winner, you're like, oh, thanks.

11:02

Speaker A

Yeah, yeah, thanks.

11:12

Speaker B

I, you know, I didn't ask for this. So they've seen Terminator too. So they can imagine kind of like the sci fi scenario playing out. That's one factor. If they're super online, they might have heard like the Casey Hammer or other people talking about this, like solar panels, you know, an AI system. Just saying like, hey, actually this farmland, I could use it better than you humans.

11:14

Speaker A

Remember that Ilia video?

11:35

Speaker B

Oh, yeah.

11:37

Speaker A

So he did an interview with the San Francisco Chronicle. There's this video. It was like a video documentary almost where they were interviewing him, but there was no questions. So you never saw who was asking the questions, but he was giving his answers and he's sort of like sadly walking around on a gloomy beach. It's like, very moody. And I would say it's.

11:38

Speaker C

He was Aura Farming.

11:55

Speaker A

He looked sick.

11:56

Speaker C

He was over the.

11:58

Speaker A

He did Aura Farm San Francisco a little bit. But as I was getting dressed up as him for Halloween, we were playing that video and the makeup artists who were applying the Ilya Sutskever, all the makeup, to me were watching that being like, that's not inspiring at all.

11:59

Speaker B

Okay. Yeah. And I didn't even include that in here. But that's like the reaction, like every time people hear leaders at labs talk, they're like, turn it off.

12:18

Speaker A

As opposed to, you could show someone an Apple ad or Steve Jobs clip and, and it would be like, oh, dancing on your wired headphones with your ipod. Like, I love music. They're making music available.

12:27

Speaker C

Great.

12:39

Speaker A

I love it. And there were so many things that were just inspiring.

12:40

Speaker B

Yeah. Moving up the pyramid. People have been told that AI is coming for their jobs. Some people have, like, actually had an experience that made them feel like, whoa, I thought what I did was unique and special, but now I'm watching AI do my job, kind of do it on my own computer maybe. You know, imagine somebody that's driving for Uber and Lyft, and all day long they're driving and they're just seeing they're sitting next to Waymos in traffic and you're looking over and there's no one in the seat. Like, that's ominous. That's, that's, that's going to be scary if that's how, if somebody puts food on their table. And then every single CEO last year was saying, like, we have, you know, fortunately, we have increased efficiency due to AI.

12:43

Speaker A

Yeah.

13:18

Speaker B

And so we've laid off 10,000 people. Right. And so a lot of that is just kind of like spin marketing, etc. But that's what people are hearing. Right? And then you look at what are the AI leaders are actually saying. So, so Ilya talking for 10 minutes, people are like, whoa, that doesn't seem good. Ilya is saying, like, he's saying, let's not do that.

13:18

Speaker A

He's trying to prevent that bad scenario. But it still reads like, whoa, I didn't realize they were taking that seriously.

13:39

Speaker B

Yeah. So you look at the quotes. Just, you could easily look up quotes from Dario, obviously had his quote. AI could wipe out half of all entry level white collar jobs and spike unemployment to 10 to 20% in the next one to five years. Elon had a good quote from over a decade ago. He said, with AI, we are summoning the demon.

13:45

Speaker A

Some people today might say the demon has been fully summoned.

14:04

Speaker B

Fully summoned. And Sam obviously said at one point, I will probably most likely lead to the end of the world. But in the meantime there'll be great companies. And so this kind of messaging credit to them, it's like super effective for fundraising. Right? Sure. If somebody's saying like all jobs will be wiped out, the world will be destroyed, but in the meantime, a lot.

14:07

Speaker A

Of funds that are long demon, you know, you're just like the demon, the demon, the, the free cash flow from demons.

14:28

Speaker B

Yeah. So it's like if you're sitting there being like, if AI is going to eliminate my job, I want to own a piece of it. So, you know, maybe, maybe I benefit from it. So the big issue is like anybody that's hearing all these like, why would they actually be excited about AI, Right. Even though, even though it is so incredible in so many ways.

14:34

Speaker A

It's not that they're not pitching it like Steve Jobs pitched GarageBand, which was like, now anyone can be a musician, now anyone can be their own doctor is inspiring. But it's just like they are fighting an uphill battle because of those other quotes.

14:50

Speaker B

Yeah. If somebody is kind of like generally scared of AI, what content do you point them towards? Typically you'd want to point them towards the people building it. So I've just been feeling like there's this gap, gap. Steve Jobs sized hole. Right. He had plenty of concerns about technology. He shared them freely. Somebody once asked him, so your kids must love the iPad. Then he said, my kids haven't used it. He just said, we limit how much technology we have in the home. He did talk about like losing the PC race to International Business Machines. He said, if for some reason we make some big mistake and IBM wins, my personal feeling is that we are going to enter a computer dark age for about 20 years. You can imagine like Sam saying something like that around like you don't want. And you've seen the internal sort of messages between him and Elon talking about like losing to Google.

15:03

Speaker A

To Google, yeah.

15:50

Speaker B

It's like, oh, we don't want Google to control the AI. God. Right?

15:50

Speaker A

Yeah.

15:54

Speaker B

1994 Rolling Stone's interview. Rolling Stone interview the interviewer said, nevertheless, you've often talked about how technology can empower people, how it can change their lives. Do you still have as much faith in technology today as you did when you started out 20 years ago? Steve says, oh, sure. It's not a faith in technology, it's faith in people. Technology is nothing. What's important is that you have faith in people that they're basically good and smart and if you give them tools, they'll do wonderful things with them. It's not the tools that you have faith in. Tools are just tools. They work or they don't work. It's people you have faith in or not. Yeah, sure, I'm still optimistic. I mean, I get pessimistic sometimes, but not for long. I wrote the facts for the fact Steve Jobs was not one to shy away from impressive specs and massive scale. But flipping the final line from AI will cure cancer to humans will use AI to cure cancer makes all the difference. Apple put human centrality at the heart of everything they did. Even when they were talking about something like a CNC to mill an aluminum block into a MacBook Pro, the focus was not on the CNC, it was on what it allowed the human being to do. So yeah, at the end of this, I just said like, I think AI has a massive narrative problem right now. The narrative is working within the industry. It's not working for people that are outside the industry. And I just don't, I really don't think it has to be this way.

15:54

Speaker A

So there's some massive news from Meta. They are doing a big deal with OKLO to build nuclear power plants. The headline from the Wall Street Journal is Meta Unveils Sweeping Nuclear Power Plan to fuel its AI Ambitions Meta platforms on Friday unveiled a series of agreements that would make it an anchor customer for new and existing nuclear power in the United States where it needs city sized amounts of electricity for its artificial intelligence data centers. The Facebook parent said it would back new reactor projects with the developers TerraPower and Oklo, and has struck a deal with the power produce of Vistra, which is up 11% today, to purchase and expand the generation output of three existing nuclear power plants in Ohio and Pennsylvania. Metta aims to see the first new reactors delivered as early as 2030 and 2032.

17:13

Speaker B

Because you metta as like a nation state.

18:03

Speaker A

Yeah, well, so the problem is the globe. It's impressive. Matter operates all over the globe. But why aren't you thinking bigger? Who's the director of solar system level energy development, Galactic energy production, true universal energy production. You should be producing energy all over the universe. Meta, Oklo and Meta making this announcement 1.2 gigawatts is the total size of this nuclear campus in Pike County, Ohio. The agreement includes binding prepayment to support fuel procurement, enabling OKLO to advance early project work and secure fuel, adding new clean reliable power to the grid. So let's move on to the big news of the day. Andreessen Horowitz raised $15 billion. Why are we here? Why did we raise $15 billion? Massive suite of new funds. The hall represents 18% of all venture capital dollars allocated in the United States in 2025. A16Z is now at 90 billion of AUM Andreessen Horowitz.

18:06

Speaker B

Here's your feedback. That it's too loud, that it would shut up and dribble. That it should shut up and dribble, politically speaking. That you don't agree with a recent investment or two. That it's unbecoming to quote the Pope, that there is no way it will ever generate a reasonable return for LPs on such enormous funds. A16Z does hear you. It has been hearing you at this point for nearly two decades. Overnight success. And then he goes in to a bunch of the history and the news.

19:06

Speaker A

But there was some spice. We got to get to the drama. So Andrews and Horace, they put out this image. Why we raised 15 billion. We're all in on America. And what image do they use? They use mountain Everest. They're climbing Mount Everest. The metaphor is clear. It's the tallest mountain. We're the tallest mountain in venture. We got the most money. We're the biggest firm. But a lot of people are saying, hey, why do you use a Chinese mountain? Why do you use a Chinese mountain? It's Everest. It's over there in China. It's actually half in China, half in Nepal.

19:32

Speaker B

White House officials have talked about a $5.7 billion payment for Greenland. That depending on what type of payment would be needed for a place like Nepal, you can imagine it being potentially less than should insist that all data centers that are built are architecturally beautiful in the neoclassic style.

20:00

Speaker A

Yeah, Sham Sankar, he wants data centers built that are architecturally beautiful in the neoclassical style. Have you seen those photos of the AWS data centers that back up onto Virginia housing developments? So it's just like an idyllic few houses that just look like a normal neighborhood. And then just behind massive white school.

20:19

Speaker B

Box, they're like, I'm not leaving.

20:42

Speaker A

Well, now you don't even get a box. You get a tent. Because Meta is now. They gave up on their previous architectural design, and now it's just a tent, which maybe is more aesthetic. If you're going to do a tent meta, I think you should make it like a circus tent. Get some red and white stripes going, get some constant clown music going.

20:44

Speaker B

Get the workers in the data center to be wearing clown.

21:06

Speaker A

Imagine being as locked in as the Kyoto architecture community was in 1397. I cannot believe this was built 700 years ago. 1600 or 600 years ago. Explain. What.

21:11

Speaker C

So there's some lore here.

21:26

Speaker A

Give me the lore, Tyler.

21:27

Speaker C

Okay, so, so yeah, 1397, when it was built, I think in maybe 1950. So it was like a temple. Right. So there's, there's monks that live there.

21:28

Speaker A

Okay.

21:38

Speaker C

And I think it was 1950 for.

21:39

Speaker A

500 years or 600 years.

21:41

Speaker C

Yeah.

21:43

Speaker D

Okay.

21:44

Speaker C

One was living there and he burned down the temple and then he tried to like commit suicide right outside it.

21:44

Speaker A

Why? What's wrong?

21:50

Speaker C

I don't know.

21:51

Speaker A

He just wasn't locked in.

21:52

Speaker C

No one knows what happened.

21:53

Speaker B

But.

21:53

Speaker C

But then. So this is actually. It was rebuilt and there's a good.

21:54

Speaker A

But it was rebuilt in the same style.

21:57

Speaker B

Yeah.

21:59

Speaker A

So the architectural style is truly from 1397.

21:59

Speaker B

Yes, that's.

22:02

Speaker C

I mean there's, I think there's some questions about how much gold was actually used in the original design. Yeah, there's a good Yukio Mishima book about this.

22:03

Speaker A

Oh, really?

22:10

Speaker B

I really want to bring back moats. Right. The obvious thing that's missing from modern architecture, people talk about the material use, the form factor, but the obvious, the elephant in the room is a lack of moats in modern architecture. We need to bring back moats. Gators in the moats, potentially sharks. Yeah, people have like koi fish ponds. But why not just go size it up a little bit, Go for the shark pond. Imagine. Yeah, people go out, they like the being relaxed and kind of like feeding the koi. But imagine just throwing chicken breasts into the water for a shark. How relaxing that would be if you needed just 15 minute break from work before you get back to your email job.

22:10

Speaker A

In other news, they 3D printed a Starbucks. Starbucks has a new drive through in Texas. The Coffee Giant's first 3D printed store in the United States. The way it shows up, you basically get a crane with a gantry that can move the, the nozzle in an X and Y axis and it just pours cement in loops circles again and again and again.

22:53

Speaker B

Okay, I need to know, I need to know how quickly they built this and how much it costs. Because if this came in at, at.

23:14

Speaker A

80%, they said it was, it was two, two G's. Two grand.

23:20

Speaker B

Starbucks was down to their last two.

23:24

Speaker A

Grand and they just like 3D print it.

23:26

Speaker B

What is a normal. What is the average Starbucks cost? Standalone building cost?

23:29

Speaker A

Tyler asks who is the architect and Pete says Slop GPT.

23:34

Speaker C

So the total investment range for Starbucks location is 760,000 to 2.2 million.

23:38

Speaker B

See, that's not.

23:45

Speaker C

It's kind of right in the range there.

23:47

Speaker A

Traditional Korean architecture with its visually rich, harmonious patterns produces lower levels of visual stress than modern facades with repetitive patterns, hard lines, and high contrast materials, which are more likely to overload the visual system and contribute to discomfort, especially in dense urban areas. There's some research that suggests that having variation in your architecture actually can reduce stress, which is fascinating.

23:51

Speaker B

Yeah. Try to zoom in on this picture on the left. If you click in because you can see the one on the left, it's way for something. It just feels more organic or natural. Right. I think a 16Z needs to build like a massive gold superstructure in the heart of San Francisco. Just carve out. Who knows what the fee structure is, but take half of it, take half of the fees and just build a monolithic monument.

24:23

Speaker C

I think we should kind of look back to Charlie Munger's design for the UCSB dorms.

24:51

Speaker A

Yeah, Dormzilla.

24:57

Speaker B

He just wanted. He just wanted everyone to lock in.

24:59

Speaker A

He just wanted everyone to lock in. And he was. He was killed for it. It was ridiculous.

25:03

Speaker B

Pull up this article. You can see the design. And just how many. Just how many rooms in this place are windowless. It is very, very powerful. So on the outside, it looks like. I think he just knew that people were only going to have a few by the time this was built. People would only have a few years to escape the permanent underclass. And windows would distract people. France will delay the G7 summit to avoid conflict with mixed martial arts.

25:07

Speaker A

Really? On Donald Trump's birthday?

25:35

Speaker B

Yeah. So they're gonna delay Group of seven summit to avoid a conflict with the mixed martial arts event planned at the White House on Donald Trump's birthday.

25:37

Speaker A

Do you think they have a group chat for the G7 and everyone's like, hey, can we get together? We gotta get together.

25:46

Speaker B

We gotta get together.

25:50

Speaker A

We gotta do a summit. I bet you do a summit. It's been too long and Trump's in there. Just be like, yeah, I already told Dana I'm in. I'm watching ufc.

25:51

Speaker B

It's happening in my house.

26:00

Speaker A

It's happening in my house.

26:01

Speaker B

It's going to be really awkward if I'm not there.

26:01

Speaker A

I got to be there.

26:03

Speaker B

I got to be there.

26:04

Speaker A

Plan another. Another summit, another time. Well, speaking of Trump, Lip Bhutan is in his good graces. Donald Trump, his new best friend on Truth Social. He says, I just finished a great Meeting with the very successful Intel CEO Lip Bhutan LBT as he's called. Intel just launched the first sub 2 nanometer CPU processor designed, built and packaged right here in the US of A. The United States government is proud to be a shareholder at intel and has already made through its USA ownership position tens of billions of dollars for the American people in just four months. We made a great deal and so did Intel. Our country is.

26:05

Speaker B

You're kind of slipping into the.

26:42

Speaker A

Oh yeah, by the end of the year I'm going to have a down. Our country is determined to bring leading edge chip manufacturing back to America and that is exactly what is happening. And people are asking for particular financial advice which we won't. Which we will not give. Just four months after the United States invested in intel, that investment is already delivering tens of billions of value to the United States people. That momentum continues with Intel's new 1.8-nanometer processor and a major step towards bringing semiconductor manufacturing back home. Let's play this clip from Lipputon talking to Howard Lutnick.

26:44

Speaker E

I have the pleasure today of welcoming Lippu and he's come to the Department of Commerce to update us on how intel has been doing since we made our historic investment in the company.

27:22

Speaker D

Thank you so much. I'm so delighted to come over here to CEO. We doubled the market cap. It's over 200 billion and also very exciting. We announced our products first time on the 18A production in Series 3 processor with multiple of our customer in us globally and using that is the most advanced process design and also using our most advanced productions.

27:34

Speaker E

Right. So for the United States we love the fact that that intel is doing leading edge work in America. Right. 18Ameans 1.8 nanometer. 14A is 1.4 nanometer main. Think of how incredibly sophisticated and tiny that is and then Flex and then packaging.

28:05

Speaker D

Yes.

28:24

Speaker E

You take this little, little, little, little teeny thing and how you put layers and layers of sophisticated circuitry on top of it and you do it with just the most amazing technology you're going to be doing that seems like it in America. Leading in America by a US company.

28:24

Speaker A

Get yourself an investor that talks about your company like this.

28:43

Speaker E

So we're proud of you. Okay. We're rooting for you and we need you to be successful for a minute.

28:46

Speaker A

Thank you so much. This is the new startup launch video. You do a deal, you raise some money from a VC and you got to put out a music a video like that. You guys sitting down on the couch next to each other with the succession music and they explain your business shake your hand and there's so many new formats U.S. oil Executive is commenting on Venezuela no one wants to go in there when a random effing tweet can change the entire foreign policy of the country and deep dish enjoyer says lmao it is remarkable how online this administration is you saw during the people have been celebrating the death of X and yet during the invasion in one of the images of the of the war room in the background on the TV was just axe.com search for Venezuela let's see what people are saying well in other news OpenAI is reserving $50 billion for a stock grant pool Jack Rain says 500 billion company doing 13 billion in revenue projecting 50 billion in equity.

28:51

Speaker B

Comp is so good price of SF real estate is going up price of.

29:54

Speaker A

The AI research are going up but they have the money to distribute and with that we'll say goodbye and have.

29:58

Speaker B

A great week have an amazing weekend thank you for watching we love you.

30:06

Speaker A

See you on Monday Goodbye.

30:08