💊 “Dr. Altman” — ChatGPT’s Health launch. Daktronics’ football jumbotrons. Elf CEO Tarang Amin. +Dating Sunday

0:00This is Nick. This is Jack. It's Friday, the real Friday, January 16th. And today's pod is the best one yet. This is the best show we've ever done, baby. The top three pop business news stories you need to know today. But yet it's three day weekend. So Jack and I are whipping up a little surprise for you for your holiday Monday. On MLK Day, we're publishing a full interview with the CEO of Elf Beauty. More on that in a hot minute. But in the meantime, Jack, what's the mix for today's show? For our first story, the biggest move in tech this week is that AI graduated from medical school. OpenAI and Anthropic both launched medical chatbots, so we booked an appointment with Dr.

0:40GPT. For our second story, it's the biggest college football weekend of the year, and one stock is celebrating, Daktronics. Daktronics, because as college football becomes more like the pros, they're ordering jumbotrons from the DAC. And our third and final story. We interviewed the CEO of Elf Beauty, and he's honestly incredible. What a guy. The whole interview publishes on Monday while markets are closed for MLK Day. But today, Jack and I are teasing one wild clip of that interview with Gen Z's favorite beauty brand. And this clip is about the glory of dupes. It's all about the dupes. But yetis, before we hit that wonderful mix of stories.

1:16I mean, the mix. Love the mix of stories today, Jack. January. Underappreciated month. I would say so, Jack. Stocks are up, skiing is downhill, and full disclosure, my birthday's in like five days, man. Six days. What day is it exactly? Oh, you know, Jack. Of course I know. I'm not going to miss your full birthday. I'll miss your quarter, two quarters. Thursday, but who's counting, besties? But the biggest event in January is dating Sundays. That's right. Every Sunday this month is the unofficial holiday of the single people. Sunday. It's already the biggest day for dating apps in general. You swipe on Sunday, so you first date on Friday.

1:51That's the pro tip. But Sundays in January are the biggest of all. Get this, Tinder sees that January Sundays have 18 % more likes than the rest of the year. And OkCupid says January Sundays have 70 % more swipes than the rest of the year. Okay, but pause the pod, Jack, and I got curious. Jack, when exactly is the ultimate time for swiping on Sundays in January? The climax, you mean? 8 p.m. on Sunday in January is the absolute frenzy of peak dating app activity. See what you did there. The solstice is sliding into the DMs. 8 p.m. on Sunday is the equinox of flirt emojis. The pinnacle of performative maleness pickup lines, if you will.

2:30Maybe it's the New Year's resolutions. Maybe it's the Valentine's Day countdown. Either way, there's nothing more romantic than 8 p.m. this Sunday. Especially on a three-day weekend. So, Yetis, you look amazing. Shoot your shot. Now put that puppy in the profile pic, and Jack and I, let our new stories. 15 years before this song, two boys from the Northeast met in the dorm. They had an idea to cause a cultural storm. It's the best one yet, but the best is the norm. Jack Nick, that's it. I don't even think they need to practice. 50%, that's a fat tip. T-Boy City on your at list. If you know, you know, cause we're here to go.

3:07We can't wait no more, so just start the show.

3:12Start the show. First, a quick word from our sponsor.

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4:47For our first story, it's ChatGPT. I'm sorry, I'm sorry, I'm sorry. Dr. ChatGPT. Because OpenAI and Anthropic both just launched HealthBots in the same week. Nick, they didn't go to artificial medical school for nothing. I didn't see that in the prescription, Jack. Yeti's ChatGPT Health is the healthcare industry's ozempic moment. Now, Yetis, interestingly, last week, Elon Musk said that going to medical school in three years will be pointless. Because robots will be able to perform surgery. Well, Elon's arch nemesis, Sam Allman, doesn't think that's going to take three years. He thinks that's today.

5:25Because last week, OpenAI snagged some scrubs and a stethoscope to launch ChatGPT Health, a dedicated space for conversations with a chatbot about your health. The virtual doctor will see you now. That's the best part of virtual health. No waiting. Although I should point out there is a wait list for this app, so it kind of is waiting. That is ironic. Now, the reason they launched this is because, well, the data. 230 million people were already asking questions on health and wellness every single week to ChatGPT. And now those questions will be siloed away on ChatGPT Health so that they remember your health situation and layer on some extra privacy and security.

6:01Yeah, what Jack's saying is like, if you use ChatGPT at work and ask it to make you a deck on the quarterly earnings report. It won't accidentally stick a picture of that thing on your thigh you uploaded on slide seven. I know. What the heck is that thing? Now, funny timing, because one week after OpenAI's announcement, on Monday, Anthropic launched Cloud for Healthcare. Basically, Anthropic, OpenAI's rival, launched the same thing for the same exact medical reason. And the key value proposition for both of these healthcare apps is that you can upload your whole MyChart. So the chatbot will know everything about your medical situation and your history.

6:40I mean, you're linking your health tracking apps, your Fitbits, your blood tests. This thing's gonna know your step count if you want it to know from your iPhone. So then when you have an appointment coming up or have a health issue, the chatbot remembers everything about you. Add it all up and ChatGPT is the new Grey's Anatomy, baby. But it is a trade-off we're all gonna have to face. Do you want to give Sam Altman your most sensitive medical data, Nick? If you do, Jack, you will have a free doctor in your pocket, but then again, that doctor could blackmail you in some future AI crazy dystopia.

7:09Season 8 of The Black Mirror. Now we also should point out, Yetis, that the lawyers on this deal made OpenAI say that it is supporting, not replacing, care from clinicians. And remember, large language models don't know what's true. They just predict what's true based on the most likely thing on the internet. Which is why OpenAI also added this caveat, not intended for diagnosis or treatment. Even though that's definitely what you're going to use OpenAI's health bot for. Gray's Anatomy, not a fan of what we just described. Okay, but Nick, plot twist. Yes, Jack. We're not surprised that people are already using AI to check their health situation.

7:50We are surprised, however, that doctors are using it too. Get this, Yetis. As of last year, two out of three American doctors was already using AI in their practice. And we can see exactly how they were using it. A lot of doctors use AI for admin tasks. Right, like taking handwritten notes and digitizing them for the records. Others use AI for interactive tasks. Translating for a patient who only speaks Spanish. And other doctors use AI for clinical diagnosis. AI has become the wingman in spotting issues on the x-ray. But it's an unspoken secret of the whole health industry. Your doctor's already using AI too.

8:22Which leads to our takeaway sponsored by Thytastrosol, the once daily pill for that thing on your thigh. What's the takeaway for our buddies over at Dr. GPT? The healthcare industry is about to have its Ozempic moment. Yetis, this is wild. But 30 % of healthcare costs in America are for administrative work. 30 cents of every buck we spend goes to paper and paper pushers. Literally paper. Like, how many times have you written your address on the same paper form for the same doctor's office? Zip code representative! Now, if our healthcare system can employ AI effectively in their office, then that 30 % admin share can go way down.

9:07The analogy here, like taking Ozempic, healthcare costs can slim down with this new technology. But patients can maybe cut down their healthcare costs too, with fewer and more efficient healthcare visits. I mean, Jack, how many times have you visited a doctor, a hospital, or an urgent care to learn it was actually nothing on your thigh? Dr. GPT in your pocket might prevent a trip next time when you have a false alarm. So besties, both on the patient side and on the industry side, AI can lower the cost in healthcare. The healthcare industry, it's about to have its OZEPIC moment. And if this podcast lasts longer than four hours, contact your doctor.

9:43For our second story, college football is rapidly becoming pro football. And the biggest stock market winner of that transformation, it's Daktronics. Daktronics. Their stock is up 10x in three years because every college stadium now has to have a jumbotron. Yetis circle the calendars. Monday night, Indiana plays the University of Miami for the College Football National Championship. If Miami wins, they'll be 14-2 national champions. Jack, that's a 16-game season for college football. I know. The season has gotten so long. 20 years ago, when USC won the championship, they won with an 11-0 record.

10:21More specifically, the season's gotten 45 % longer in college football over two decades because college football is becoming pro football. Mo' games, mo' money. Which leads to the news. The University of Illinois just ordered a$10 million jumbotron for their college stadium. Illinois, they're not even like a football stadium. Whoa, we got a lot of Illinois listeners out there, Jack. I know, but even Illinois listeners know they're not a football school. Jack, you got to take the Michigan energy from a 10 to an 8 on this one, buddy. 250 feet long, 69 feet high. This is a television that runs nearly the length of the football field.

11:01And Jack, we haven't even seen the size of the remote yet. True. And that Jumbotron is all going to be booked as$10 million of revenue for Daktronics. Pause the pod. Yeti's Daktronics is the pride of Sioux Falls, South Dakota. And by Jackson, my research, the only publicly traded company from Sioux Falls, South Dakota. Well, the only South Dakota company we've covered on the pod so far. Fair point. Fair point, Chad. And quietly, they have become the biggest brand in what they call scoring and audiovisual systems. Wild industry. It's way cooler than how they call it. So let's go back to their history.

11:36In 1968, Daktronics built the first electronic basketball scoreboard. In 1980, they did all the scoreboards for the Lake Placid Winter Olympics. In 1998, they did the first jumbotron at an NFL stadium for the Tampa Bay Buccaneers. You could watch that QB sneak in HD. And then in 2001, they pivoted from sports to digitize the outdoor billboard. Yeah, you know the Coca-Cola sign in Times Square? Yep, that's Daktronics' work. And then in 2017, they built what at the time was the world's largest screen at Mercedes-Benz Stadium in Atlanta, where the Falcons play. And finally, fast forward to today, and the biggest screen in the world is the exterior of the sphere in Las Vegas, and...

12:17Daktronics did not do that one. Oh no, they actually didn't do the biggest screen. No, they faced some competition, including from Sony, Samsung, and a bunch of other companies you never heard of. But still, Daktronics' stock has jumped 1 ,000 % in the last three years because in Investors focus on the future. They focus on the growth potential. And that growth is that college football is becoming pro football. So Jack, since you are a four-time backup starting quarterback who also holds multiple disputed D3 records. No, not disputed. Undisputed. I'll share the record at the end of the pot. So Jack, what's the takeaway for our buddies over at Daktronics?

12:55It's arena arbitrage. Every college stadium is actually an NFL stadium. They just don't know it yet. Yeah, and he's full disclosure. Jack and I love how college sports is different than pro sports. We both played college sports. We love the amateur game. The bleachers, the pep band, the silly halftime rituals, and the much lower priced tickets. Yeah, especially for our lacrosse games. But the reality is that college sports is now pro sports, which means prices are going up. Just about every NFL stadium already has a huge jumbotron. It's key for the nosebleeds. You can't see the field, but you can see the big screen.

13:29But to justify higher price tickets, it won't just be the University of Illinois buying a Jumbotron from Daktronics. In our opinion, all 136 Division I college football programs are going to buy a Jumbotron, and it might be from Daktronics. Plus, colleges would use those Jumbotrons for concerts as well. Daktronics reveals the arbitrage opportunity of college arenas. Every college stadium is about to become an NFL one. Now, a quick word from our sponsor. Top hats, baseball hats, Von Dutch hats. We wear so many hats on this podcast. Honestly, we're not great at all of them. No, we've been avoiding hiring someone to wear those hats instead of us, especially the Von Dutch one, because hiring and training can take forever.

14:11Well, proud to say that we are hiring right now at T-Boy, and this is a job for Indeed Sponsored Jobs. Because sponsored jobs posted directly on Indeed are 95 % more likely to report a hire than non-sponsored jobs. So besties spend less time searching and more time actually interviewing candidates who check all your boxes. less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed sponsored jobs. And listeners of the show will get a$75 sponsored job credit to help get your job the premium status it deserves at indeed.com slash podcast.

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15:57Yes. My forehead is too shiny. Very dewy though, Jack. The full episode publishes Monday, but here's one clip to give you a taste.

16:03Tarang Amin: We have a concept where we call zero distance, zero distance between the C-suite and our community. You know, I'll tell you a story. My CMO terrorizes me every few months. She comes and drags me on to TikTok Live and, you know, she doesn't get up there and she's not even very nice. She doesn't say, all right, you got the big boss, tell them what you want. And the chat field will just light up. It'll was one last year where I got on and a bunch of people said, hey, there's this prestige product. They make these bronzing drops. We love them. But I think they're 39 bucks. We can't afford 39 bucks.

16:35Tarang Amin: Help us out. And I'm reading the chat field. I'm like, yeah, okay, you want some bronzing drops. And then there's like another 20 chats right after that. And they're like, no, no, boss man, we want them now. I will literally leave that call a bit terrorized or traumatized. and the first thing I'll do is I'll call up my head innovation. We have a three-year product pipeline. I'll say, oh my God, please, for the love of God, tell me we have some bronzing drops. And she's like, yeah, we do. I'm like, great, great. When are they coming out? And she's like, oh, we got them slated for 18 months from now.

17:07Tarang Amin: And I'm like, oh, no, no, no, no. I cannot have our community yell at me, move it up. And we launched them within six months. And that's our entire model. It's like, we look at our community. What do they want? Where can we bring the best of beauty? put our elf twist on and bring it at an incredible value. And that's fueled the entire model, particularly this day and age. Our strength with our community, particularly on social, really makes that model work where we're not dependent on some celebrity or advertising or something else to be able to get the word out. Our community is our absolute best advocates.

17:41They must have freaked out when you launched that product for eight bucks.

17:44Tarang Amin: Oh my God, they did. Well, Turing, two questions about that Christian Dior dupe product that Jack and I have been dying to ask on dupes in general with you. The first is any moral hesitation on copying someone's idea? I see how you're saying you're influencing, but was there any moral hesitation there? I'd say it was a moral authority, responsibility. I actually think it's immoral to charge a consumer 40, 50 bucks or something that we can clearly show you can make for less and actually have just as good or better quality. And, you know, I mentioned earlier, two thirds of Americans live paycheck to paycheck.

18:18Tarang Amin: We think it's immoral to charge a lot of money to those people who are barely making it. So we take great pride in being able to put our elf twist on and be able to have the best of prestige at a fraction of the price. Lululemon, if you're listening, Tarang Amin just made the moral case for the dupe as the right thing to do. The second question, by the way, Jack, is just why, by the way, is Christian Dior so expensive in the first place? Jack, Could you whip us up the takeaways to head to the weekend? OpenAI and Anthropic both launched chatbots this month specifically for healthcare, but it does not replace your doctor.

18:55Healthcare, it's about to have its ozempic moment, and Sammy Altman is going Doogie Howser. For our second story, Daktronic stock is surging as college sports adds pro sports features like giant jumbotrons. Because every college stadium is now a pro stadium. They just don't realize it yet. And our third and final story, Elf Beauty now sells the number one product in all of beauty. It's the Power Grip Primer. And Elf did it with their zero distance principle. And you can learn more about that and more in Monday's full interview. But besties, this pod's not over yet. Here's what else you need to know today.

19:29First coolest bank on Wall Street, Goldman Stanley. We're calling it now. Both of those investment banks are thriving as announced in their Thursday investment banking earnings. Remember yet, if we covered Goldman's wild news back in November, including their record merger and acquisition advisory fee of$110 million for Electronic Arts? Well, both Morgan Stanley and Goldman Sachs earned almost exactly$4.4 billion in quarterly profits last quarter. If you're swiping Tinder on Sunday and see someone named Goldman Stanley, swipe right. They're paying for dinner. And second, Meta has begun layoffs of their metaverse division.

20:06Sadly, 1 ,000 jobs are expected to be hit. Since Meta changed their name from Facebook, they've actually racked up$70 billion of operating glasses in that metaverse division. So now Zuck's cutting those stunning metaverse losses and pivoting to AI devices like glasses. Meta may have to change their name once again. And finally, Aldi is officially America's fastest growing grocery chain. They're adding 180 new stores in just the next couple of years. In this economy, German frugality is thriving. Ah, yeah. Aldi has 2.5 % of the grocery market here in America. They're still way behind Walmart's 25%.

20:46But they're growing fast, and they're even snagging Whole Foods faithful. If you want us to do a story on Aldi, drop a comment in the comments. Now, time for the best fact yet. This one whipped up by Jack and me before you head into the three-day weekend. Jack, what do we got? The I Have a Dream speech by Martin Luther King Jr. was delivered in August at the National Mall in Washington, D.C. Of course, his most famous speech. But did you know he delivered that speech one time before he famously delivered it in D.C.? Dr. Martin Luther King actually kind of like soft launched the I Have a Dream speech before he really did it.

21:17Yeah, he did. A couple months prior to Washington, he did it in Detroit. And the audience must have been so floored, he's like, I'm going to do this in D.C. in front of the Lincoln Memorial. He was arrested 29 times in his life. He went to college at age 15, got a Ph.D. at 26, and a Nobel Prize by 35. Not too shabby. Yetis, you have looked fantastic all week. Congratulations on getting to the real Friday. I promised I'd share my NCAA college football record. Oh, yeah, the disputed one. No, the undisputed one. So as a starting quarterback at Middlebury College, I went 2-0. What winning percentage is that, Nick?

21:58By my math, Jack, that's 100%. That's an NCAA record. Yetis, happy swiping on Sunday. Celebrate the wins. If you've got a takeaway, drop it in the comments, and Jack and I will see you Monday. Celebrate the wins.

22:16And before we go, a happy birthday to legendary Yeti Tony Howard turning 27 somewhere on a boat. And happy birthday to Derek Edwards in Tuscaloosa, Alabama. And Kunal Dovey in Irvine, California. Celebrate the best birthday yet. And happy birthday to Amy Klein in New York City, who's going to a Broadway play to celebrate. Amy, best restaurant in the Broadway district, LaTanzi. It's actually where Lorne Michaels takes his guests, who star on SNL. Pro tip. And across the river, a happy birthday to Mira Ashwin, celebrating in Ridgewood, New Jersey. Happy 37th birthday to Devin M. Young in Atlanta, Georgia, who's launching a fine art photo business.

22:56And Jack, a legendary Yeti, Jack Psy, is turning 39 years old. This guy is the best one yet in New York. And happy birthday to Jackson Levine, turning 14 years old in San Antonio, Texas. And Lisa Smith, happy 47th down in Gilbertsville. Happy 30th birthday to Catherine Pisani in Philadelphia. And Matt Keller, celebrate the best birthday in Laguna Beach, California, baby. And happy birthday to Lance Hunt, the DJ in Miami FLA. And Jack, we got a new dental school student over in Virginia, Hannah Trong, you got this. Congratulations to Jeffrey Morales in San Francisco, who's got a new data scientist job at Laquina Capital.

23:31And Maria Jose down in Denver just paid off their student loans. Maria. And Oliver Peterson in London, if you're listening, that was the best comment ever. Thank you for leaving that comment, man. And to anyone else celebrating something today, make it a T-Boy. Celebrate the wins.

23:51Did you see his comment? I have not seen it, dude, no. All right, let me read this to you, Jack. T-Boy has been my essential morning ritual for three years. Nick and Jack, you've completely changed the way I look at the market, and sparked a genuine passion for investing I never knew I had. My life and my portfolio are better because of this show. Thank you for making us feel brighter every single day. Oliver Peterson in London. Wow. Wow. That was incredible. So, so incredible. What a guy. Thank you, guys.

24:18Thy ticket, Lady Jennifer of Coolidge. Well, many thanks, good sir. Here is my Discover card. They accept Discover at Renaissance Fairs? Yeah, they do here. Discover is accepted at the places that I love to shop. Get it? With the times. With the times? You're playing the lute. Yeah, and it sounds pretty good, right? Discover is accepted at 99 % of places that take credit cards nationwide. Based on the February 2025 Nielsen Report.