😏 “DTP (Down To Prompt)” — ChatGPT’s erotic pivot. Bill Simmons’ king-maker. Goldman’s D1 Athletes. +Tyra Banks’ hot ice cream.

0:28This is Nick. show to win the award. But the people voted for our show, The Best Idea Yet. Yeah, that's right. We got more votes than anyone else. We are officially the People's Choice winner for Best Business Podcast. Thank you for voting for us. For those keeping track, last year, this show, The Best Won Yet, won Best Business Podcast. So not too shabby. Oh, we got a good streak going. Thank you so much, besties. We really appreciate it. But Jack, we got three fantastic stories for today's show. What do we got on the T-boy? For our first story, Sam Altman is pivoting on another major open AI policy by launching Sexy GPT.

1:06It's open AI's erotica feature, but don't worry, Yetis. This story, it's safe for work and safe for the family. For our second story, it's Spotify's big deal with Netflix. It actually highlights the real king of podcasting, Bill Simmons. Because with 158 shows, Bill Simmons proves that the best kings are king makers. And our third and final story. Big banks are having their best quarter since last quarter. Yes, they are. Record profits across the board on Wall Street. But the talent superpower at Goldman Sachs driving this surge? It's ex-college athletes. But Yetis, before we hit that wonderful mix of stories.

1:43All the FOGOs out there, we're looking at you. If you know, you know. I don't know. Actually, can you tell me what a FOGO is? Oh, it's face off, get off. I can't believe you didn't know that one. Yetis, the biggest announcement in the food industry right now What is it, Nick? It's the most confusing announcement in the food industry right now. It's an oxymoron, actually, because here it is. Hot ice cream. Tyra Banks, the supermodel, is selling what she calls hot ice cream. Yeah, or what we're calling a whole pint of paradox. Jack, what's going on here, my friend? Well, the brand is called Hot Mama.

2:15And New York City is going to get its first hot ice cream store this winter. Honestly, I am excited, but I also have a few questions. I'll start. Doesn't the hot cancel out the ice cream? Like, Jack, is what she's selling actually just melted mint chocolate chip? What's going on, man? Tyra Banks actually won't say. She says you've got to try it first to find out. Okay, I'll pause the pod again, Jack. That leads to our next question. Why would you sell hot ice cream? Yeah, why? Well, Tyra is an objectively hot mama. So she wants a brand called Hot Mama, and she's free to do that. But again, the brand won't describe the product.

2:48They say that words just can't describe it. All Tyra would say is, quote, We found the perfect viscosity. Not too thick, not too thin. Where the hot ice cream still felt as dreamy as a cold ice cream. So New York City Yetis, this winter, when it's cold out, you don't want ice cream. And if you also don't want hot chocolate either, you can now have hot ice cream. Besties, this innovation is so advanced, we're just calling it the singularity. If true, huge. Jack, let's hit our three stories. Fifteen years before this song, two boys from the Northeast met in the dawn. They had an idea to cause a cultural storm.

3:23It'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 ready to go. We can't wait no more, so just start the show.

3:42Start the show. First, a quick word from our sponsor.

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4:59And then, Jack, we got to make sure each coworker is countersigned, I think. Oh, yeah, yeah. And then we have to track down each employee and make sure they know their health insurance options. Oh, right. Did everyone know open enrollment ends tomorrow? Nope. No one did. Yetis, we are just podcast hosts. We also run a media company here. And full-time employees mean full-time benefits, too. Which means roughly 46 ,000 forms, documents, and tasks to process for each team member. Oh boy, if you're a small business, you'll want to outsource all that to Gusto. Gusto is online payroll and benefits software built for small businesses.

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6:04One more time, gusto.com slash tboy.

6:10For our first story, the next big thing from OpenAI, we're calling it Sexy GPT. Sam Altman is changing his mind and allowing erotica on ChatGPT starting in December. But don't worry, this story is safe for kids because of our takeaway. Now, yet is before you pause the pod, we are not going into the details of romantic relationships with artificial intelligence, are we, Jack? Because to quote Austin Powers, that's just not in our bag, baby. But this headline we saw yesterday was simply the juiciest tech news since the Coldplay Kiss Cam affair. To tell the stories, we're going to follow the tweets.

6:47This was Sam Altman yesterday on X. It started like this. Sam tweeted, time to treat adult users like adults. Go on. Now that we can mitigate serious mental health issues with new tools, we can relax restrictions. Sam buried the lead because of this final line. Starting in December, we're rolling out age gating, including erotica, to verified adults. So this is what all the GPUs were for. Hey, Saudi Arabia, we're going to need more energy. Yetis, today, if you ask chat for some steamy role play, it's going to say that it can't. It's against the company's policies. But in December, once it's verified that you're 18 years old, chat will do whatever you want it to.

7:27Oh, AI erotica. It's going to be great for our declining birth rate, Jack. Yeah. Sam Altman, apparently D to P, down to prompt. Yeah. I thought AI was going to cure cancer. Yeah. We're getting this instead. But besties, this is what we find fascinating about the story. This ain't just for the page six gossipy hot water cooler conversation you're going to have today. It's wild because it's another open AI huge strategy switcheroo. We said switcheroo, by the way, we had a long debate about this, whether it was a flip-flop or a switcheroo, we're just going to go with switcheroo, I guess. The first 180-degree strategy flip-flop of OpenAI was calling itself OpenAI and then actually being closed AI.

8:10Okay, Jack, the second strategy flip-flop from OpenAI was being a not-for-profit and then trying to be for profit. The third one's happening now. Yes, it is. Because ChatGPT historically banned sexual content. It's an AI companion, not an AI lover. In fact, just two months ago, Sam Altman addressed exactly this issue on another podcast. Cleo Abram asked this to Sam in her podcast. What's one potentially profitable feature that doesn't align with OpenAI's values? And Jack, what was Sam Altman's answer? He said, we haven't put a sex bot in ChatGPT. But boom, here we are two months later. He's putting a sex bot in ChatGPT.

8:45Yes, he is. Apparently, Jack, the values, eh, they tweaked them out. Now, will this be good for OpenAI's business? Probably. Huge profit puppy, potentially. Time spent could go through the roof. But will this be good for OpenAI's brand? Probably not. Just check out our story from yesterday on Claude launching an anti-slop coffee shop, and you'll understand what we mean. This story is the opposite of that. Yes, it is. So we did them back to back. Jack, what's the takeaway for our buddies over at ChatGPT? The theme of the year for 2025 is flooding the zone. Now, Yetis, over the last few weeks, Jack and I and you, we've all been inundated with updates and launches from ChatGPT.

9:24Sam Altman's strategy has been to flood the zone with huge announcements that the press can barely keep up with. And you know what? That's a strategy we're seeing of the newsmakers across the country to dominate the attention economy. President Trump's record number of executive orders. The constant stream of tariff announcements. Elon talking about robots, cars, Mars, all in one earnings call. Or Jack, how about last month when an AI startup launched and said in their press release, we're flooding the zone with 3 ,000 AI podcast episodes a month. Just this week, in like three Zoom calls, people have referenced flooding the zone.

9:58Flooding the zone. It's the new version of move fast and break things. Because critics in the competition can't keep up. And for those in power, flooding the zone is working. And that's why flooding the zone is the term of the year. For our second story, podcasts are coming to Netflix, but they're all from Spotify. Actually, they're all from The Ringer. Because the king of podcasting is not Alex Cooper or Joe Rogan. No, it ain't. It's actually Bill Simmons. Now, yeah, to sprinkle on some contacts, because we just know this industry really well. And you don't have our LinkedIn's in front of you.

10:36We actually sold our first podcast media startup to Robinhood, the stock trading app, six years ago. And that started a trend because just two years later, Amazon went on to acquire Wondery for$300 million. And then Spotify acquired Gimlet and Parkast podcast studios. And Spotify also acquired the exclusive rights to the Joe Rogan podcast and the Alex Cooper podcast. But besties, in our professional opinion, the most successful podcast acquisition by a tech company ever. Besides ours, fair point, Jack, was The Ringer. The Ringer was founded by Bill Simmons after he got fired from ESPN. It was basically Grantland 2.0.

11:15And then Spotify paid 200 million bucks for The Ringer just four years after Bill Simmons founded it. And on Tuesday, Netflix announced they're bringing 16 of Spotify's video podcasts to its streaming service to watch. And 14 of them, yeah, guess what? They're from The Ringer. More on The Ringer in a second. First, this deal announced on Tuesday sent the stocks of both Netflix and Spotify up. And why is that exactly, Jack? Spotify's podcast strategy, it hasn't been a total success, has it? Yeah, Spotify acquired Gimlet but then shut it down and gave up on their strategy of making podcasts exclusive to Spotify.

11:52Joe Rogan? Yeah. He's no longer in Spotify's gated garden. You can listen to his show anywhere. Alex Cooper, she broke up with Spotify amicably, but now she's fully with SiriusXM. Prince Harry and Meghan Markle. They haven't done an episode yet though, Jack. They got paid a lot of money by Spotify. But they're still working on it. They're still working on it. In the meantime, The Ringer has become the one Spotify podcast asset that seems to be working. And growing. Yeah. And now 14 of The Ringer Network shows will be bingeable on Netflix. Sunday and for HBO. It's now for podcasts on Netflix. And a key detail in this deal is that it requires these video podcasts leave YouTube.

12:30They're only watchable on Netflix starting in 2026. So this is good news for Netflix. It should win back some time spent currently happening on YouTube. And it's good news for Spotify because their podcast advertising has been underperforming. This deal brings Spotify a new type of revenue, TV licensing. But honestly, and a little bit selfishly, we also think it's good for podcasting in general because, well, why, Jack? It treats podcasting for the first time as TV. Yeah. Something you must pay to watch. And T-Boy is free and will stay free. We're a free podcast. But for the industry, it's a good look.

13:03It's a nice touch. So Jack, what's the takeaway for our buddies over at Netflix and Spotify? Bill Simmons is the real king of podcasts because he's a king maker. Now, yeah, he's to sprinkle on more context. Bill Simmons was an ESPN sports personality. He was a talking sports head. But since founding The Ringer and selling to Spotify, he's become a king maker. Because now The Ringer has 158 shows beyond sports and Bill Simmons hosts only two of them. Good Hang with actor Amy Poehler, yeah, that's a Ringer podcast. Dave Chang's Restaurant and Foodie podcast, that's also a Ringer podcast. And there's 150 more of them.

13:43Now, Joe Rogan and Alex Cooper are amazingly successful shows. They have redefined the podcast industry. But Bill Simmons' success is as a podcast network. In fact, we would say that this one man is as important to Spotify as Taylor Swift is in terms of content consumed. The real king of podcasting isn't Joe or Alex. It's Bill Simmons. Because he's not just a king, he's a king maker. Now, a quick word from our sponsor. Walmart business. Yetis, we cover business trends on our show, and they move faster than you can spell GPU. One minute it's vibe coding, the next it's agentic. Tomorrow it's probably going to be in-person old school again.

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16:18For our third and final story, big banks are dominating in the profit department right now. And it's all thanks to former D1 college athletes. We'll tell you why banks are betting on varsity traders more than ever. Now, Eddie's full disclosure, Jack and I are former ex-retired, recovering, not quite bro-y finance bros who were never really that bro-y. Nick was once sent home from work by his boss because he hadn't shaved properly. They were like, is that a little grain? I was like, yeah. They're like, we'll see you tomorrow instead. But you got back at that boss, right? It's a story for another pod, Jack.

16:54But guys, dudes, Jack and I haven't seen the bank and business this booming since we expensed a client meal over at Dorcia. JP Morgan, Goldman Sachs, Morgan Stanley, BlackRock, Citibank, Wells Fargo. Record deal revenues, trading revenues, record assets under management in the last quarter. Their stocks are all at all-time highs and IPOs are back. How good is the banking industry doing these days, Jack? Goldman Sachs just announced they're acquiring a venture capital firm. We've never even heard of that. For$7 billion. In fact, the Wall Street Journal says recruiting on the street is now at its highest level ever.

17:28Remember J.P. Morgan's new headquarters building we just told you about? Yeah, with the signature scent. JPM just hired 100 managing directors to occupy and peruse each of those 60 floors. That's a real number. In fact, there is so much money mojo right now that hedge funders are actually hiring talent agents for their deals. They're demanding trades like A-Rod. And yet, he's from Jack's and my research. We can also tell you that the top group powering Wall Street profits right now, who is it, Jack? College athletes. Yeah, Jack. Water polo players, varsity sailors, they are dominating at Wall Street firms.

18:03Wall Street has an obsession right now with kickers over quants. JP Morgan? Looking more like JP Varsity. Business Insider just interviewed four ex-Goldman bankers who said that college athletes were the top talent pipeline by far. In fact, Jack, did you see who the newest promotion was to managing director over at Goldman Sachs? Attention New York Giants fans, Justin Tuck. Yeah, my classmate at business school at Warden was Justin Tuck, and now he's a managing director at Goldman Sachs. After Justin Tuck won two Super Bowls with the New York Giants, he went to business school and is now a top dog at Goldman Sachs.

18:38Oh, and if you thought pro athletes were the top, it goes even further, doesn't it, man? A couple of years ago, JPMorgan Chase actually launched a specific program to help Olympic athletes integrate into their bank. Although we should point out there is one bank with more athletes than any other, according to a pre-pandemic survey by Wall Street Oasis. Centerview. Yeah. At Centerview, 28 % of their employees had the words NCAA and varsity on their resumes, which leads to this wild stat on the ROI of being those athletes. According to the Harvard Business Review, Ivy League jocks earned 3.4 % more money over the course of their career than Ivy League non-jocks.

19:17And Goldman Sachs' head of HR just said that that athletics is the differentiator. And it's because of our takeaway. So Jack, what's the takeaway for our buddies doing the non-literal blocking and tackling over in the banking industry? Banks are paying the jock premium. Now, Yetis, you would think that finance recruiting was shifting toward wanting tech skills because every company has to be a tech company. And for a while, that was the case. Computer science, tech, quantitative, that's what you wanted on your resume to get a job in finance. But the pendulum's swinging like a baseball bat. It seems like athletic mentality is now in vogue again.

19:54Because think about it. To do well as a college athlete, you need a great work ethic, a desire to win, and teamwork. Those traits, they're good on the field, good on the trading floor, good in the pitch room. You know, in our research, we did find another desirable group, first-generation Americans. Bankers want them too. Great point, Jack. The immigrant mentality of hard work and hunger for success, that is a driving, attractive force to have at a bank. But still, Goldman's HR lead put it this way, athletic skills are directly applicable to the dynamics of the finance industry. And they called him a differentiator.

20:25So the bank business is hit record highs, and they're willing to pay the jock premium. Jack, could you whip up those takeaways for us for the real Friday? OpenAI changed its position on erotica. It will unrestrict sex content from ChachiPT for verified adults starting in December. Because flooding the zone is the theme of 2025. For our second story, Spotify is licensing 16 podcasts to watch on Netflix, and 14 of them are from the ringer. Because Bill Simmons is the real king of podcasts because he's a king maker. And our third and final story, the big banks, they're enjoying record profits with financial markets, IPOs, and M &A all booming.

21:08And powering those profits, it's punters and point guards. Banks are paying the jock premium for them. But besties, this pod's not over yet. Here's what else you need to know today. First, Louis Vuitton stock jumped 13 % after its first sales growth in a year. We've been telling you about the luxury. Well, consumers cutting back on their fancy handbags. But apparently reversed. Despite the price hikes on that Prada bag from the trade war, people are paying up right now. When it comes to luxuries, the more expensive, the more in demand. Oh yeah. And second, there is a new tech term that we want you to know.

21:41It's a cool new acronym you may hear soon. It's called Mango. Mango. It kind of replaces FANG. Remember FANG were the top five TEP stocks? Jack, what does the acronym Mango stand for? as the top five AI companies. Meta, Anthropic, NVIDIA, Google, and OpenAI. Mango. That's the mango trade. And finally, Bob Ross paintings are being auctioned off after public broadcasting got defunded by Congress. Bob Ross, America's favorite painter. His show was a PBS staple and now PBS is in trouble. So the late painter's estate is selling 30 paintings with 100 % of the proceeds going to public television. Now time for the best fact yet, which in honor of Noah Webster's birthday is about a dictionary.

22:29Today is International Dictionary Day. So Nick, I wanted to ask you, what's your favorite word? Okay, my favorite word is silhouette, but that's a story for another product. It has to do with business. I'll tell you in a minute. What's yours though? What's yours? My favorite word is a word I have yet to organically use in a sentence. And it is. Lycanthropy. I should have known. The process of a man becoming a werewolf under a full moon. How is there a word for that? I feel like it's coming from medieval English, Jack. Yetis, drop your favorite word in the comments right now. Nick and I want to see.

23:04And a happy National Dictionary Day to all those who celebrate. And if it's a full moon, careful for all the lycanthropy out there. Watch out. Yetis, you look fantastic today. To end the show, we just honestly want to say thank you. thank you for voting to help make the best idea yet the best business podcast. Best business podcast. Oh, thank you. I'm celebrating the wins tonight. We're celebrating the wins and we're doing with you. Thank you so much for everything you guys do for the show. We love doing it for you. And thank you for giving back in that way. Nick and I, see you tomorrow.

23:39And before we go, a happy birthday to Yeti and Naughty Jane down the street in San Francisco, a day one Yeti celebrating with the hike. And happy birthday to an amazing mom and tennis player, Judy Chitong in Tustin, California. And a shout out to legendary Yeti Jenny Seltzer, who is no longer at Sweetgreen. She's now crushing the taco game over at Taco Bell where the guac ain't extra. She's living moss. And Jack, just a shout out to Sam Rosenstein. Great Yeti I ran into at the final final on Friday after the Dachler party. Ran into him at the bar. Great guy. And a shout out to all the bosses out there.

24:12It's National Bosses Day. Give that feedback. Feed forward. I forgot about that.

24:21This is Jack. I own stock of Netflix, and Nick and I both own stock of Spotify. Bureau premium non-alcoholic beer. All right, Yetis, a little behind the scenes here. Before our New York City live show back in April, Jack and I went sober for two weeks. True story. Couldn't risk getting sick. I didn't want to be groggy. I couldn't afford a hangover. It was New York, baby. Okay, but Jack, celebrating the wins is what we do. And so for our live shows, we crack open something special. So we drank Biro, the premium non-alcoholic beer brand co-founded by Tom Holland. Yeah, I actually first saw it at my grocery store.

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25:28So, Bastis, if there's a win you're celebrating every day, Bureau is the non-alcoholic brew brand you gotta bring. So, use code T-Boy for 20 % off your first order at BureauBrewing.com.