All-In Summit Highlights, Schools Could Block Social Media, FTC Chatbot Investigation, and Zoox hits Vegas | E2177

28:08I mean, you guys are good at talking. He was just about to fall off his couch drinking a full sugar Mexican Coke, just riffing. Yeah, the full sugar Mexican Coke. I did get a good one-liner in where I said, I'll patch. I offered him one of Tucker's Patches. Don't eat it. I was about to say, unnecessary. If there's ever a person who did not need to have an upper, I think Alex Carpenter. I was sitting here a year ago on my Disney vacation last year, you know, in Los Angeles. And at dinner last night, my brother-in-law reminded me that I told my wife Palantir it's overpriced at$25 when she bought it.

28:44And it makes no sense because it's, you know, 50 times the revenue or whatever it was at the time, price to sales ratio. We're talking about that stuff. And here she is. I don't know if the stock's at$150 or something outstanding. I regret you informing me, Jason. It's at$171.22. So you need to resign and give your wife - So my wife's at 7X on this bet. She really is one of the great traders of all time. She bought Roblox at$40. She's made some real estate deals that doubled in five, six, seven years. And she bought Palantir. And she bought Bitcoin at$1.50. So$150. So she's an incredible trader.

29:19And even though my Uber and Robinhood investments are one and two in our portfolio, I think she's three, four, five. So shout out to my amazingly beautiful and intelligent and deft investor wife, Jade. So guess what the price sales multiple for Palantir is right now. It's got to be over 100, right? 121. 121. But here's the thing. If, you know, we have seen NVIDIA and other stocks do that kind of movement when they are sitting there building, building, building a great product. and the market then embraces it and the founder finds some huge innovation. And I think the huge innovation with Palantir, and again, there's tons of conspiracy theories.

30:00He points out the derangement syndrome. He points out there are skeptics and all that stuff and he loves it all. But the bottom line is people need, the future of war, being anti-terrorist, et cetera, is gonna be AI. And if you're building platforms that are just flat databases to kind of try and accomplish any of these, they'll be dwarfed just like optimists powered by ai will dwarf those so it was really a treat to have him there and he was incredibly generous um you can always tell like a speaker's character by how they behave when they wind up backstage and everybody asks for a selfie whatever my wife was backstage and she just introduced herself and he was incredibly kind to her took five or ten minutes in his busy schedule to talk to her and then invited her to come on a tour of Palantir.

30:47So I just want to say thank you to Alex. I judge people on their, the absolutely unnecessary interactions backstage that they could easily skip with their security and being flowed to a private area.

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32:18And he also walked the floor, I understand, and talked to the audience. He's a very gregarious guy. Amanda, too, had really enjoyed his presentation. And as soon as he came up, like literally, she's tenacious. The moment he came backstage, she was like in his face, like, great job. And he chatted with her and sort of gave her the whole kind of spiel. and, you know, yeah, a very, regardless of how you feel about him and his company. I mean, it's like Robin Williams. He's like Robin Williams combined with, you know, Sergei or Larry Page, you know, like those are maybe slightly understated, cerebral, brilliant guys, you know, and then you have him, cerebral, but highly extroverted, highly verbal, willing to engage.

33:03It's a rare combination to see. Very rare. You don't tend to see those two overlap as much as they do in this case. I do kind of feel like it's a meme stock. Not that they're not doing business, you know, making money, whatever. But I do feel like there is an element of meme stock just because he's that guy. And I feel like people see him speak and they get excited about him. It's a great topic. Yeah, it's a great topic to unpack which is retail investors and their vision. I think the retail investors were playing fun games with GameStop and AMC. But now I think they're quite sophisticated. And when they assess a company like Palantir, Tesla, Open Door, hopefully someday Uber, hopefully they've done it to Robinhood clearly.

33:51I don't know, I've benefited from the Robinhood one. Not that I'm banking on that kind of fervor, but they do tend to have an optimism and they vote with their dollars. And that means you could have shenanigans that we saw with GameStop and AMC where they're trying to use the float or some technical things to outlast people shorting stocks. Put all that aside, Tesla Q, that'll happen. Now we're ventured a phase two of meme stocks, which I think is manifest stocks instead of meme stocks. They manifest that this company could break new ground by doing the following things, replacing the CEO. So I YOLO'd, as I said here on the pod, a Cranberry 25K into Opendoor.

34:38And I told you what I was going to do, right, gentlemen? I said, I'm going to cover my base. I'm going to put in some limit orders. So I sold like 1 ,000 shares. I tweeted it at$6,$7,$8, or$9. I can't remember. I just put those in the second I bought it. And I said, I'm going to get 2 ,000 shares for free because these people are lunatics. and they will get it to$10 a share. Sure enough, it broke down yesterday. All my limit orders were filled. And now I'm sitting on 2 ,000 free shares, 20 grand for free. And they also replaced the CEO. They brought back Keith Raboy. Keith Raboy was on CNBC today and re-engaged.

35:11So what they're doing is they're saying, hey, there's this carcass over here and this great potential called Open Door that y 'all don't see. It's too low. If you got Keith Raboy, a proper CEO, and you compensated them properly and you used these assets, you could actually build something really important here. The original vision for Open Door was brilliant. And they've got some other ideas around fractional ownership, blockchain ownership I hear, around letting people buy into rental properties, et cetera, which is a good business actually, historically. So they're different now. They're really sharp.

35:46And they put in their homework. Now, they also have fun. and they try to create an arm and they do stuns to get attention. But all that energy then winds up with people knowing and understanding the company. One of the great complaints, Alex, as you know, is even though we have half as many stocks, some stocks can't get coverage. So if nobody will cover Open Door or I YOLO'd into Nextdoor a couple of years ago and I've been waiting for that one to get picked up because I do think that's got the same kind of potential. They do bring that energy for people. And then I think it energizes management to maybe reconstruct the management team.

36:29And these don't become forgotten zombie stocks. And that's pretty interesting to me. Your thoughts, Alex? Well, I think as we have stocks that are worth not just$1 trillion now, companies that are worth$1 trillion, but$2,$3,$4,$5 trillion. If you're a one, two, three, four, five billion dollar company, you're just not very big. So you're not going to get as much coverage. But you can take a charismatic leader with a good take on technology where things are going and really lever them to a much larger profile. And not to point any fingers at Box's market cap, but I think Aaron Levy kept that company in the news and in people's minds for years when it was in the wilderness.

37:00And to your point about having a manifestation or a place you're going, they've actually done relatively well in the current Gen AI era. and they've re-annuated growth and they've made it through the trough of despair. But would that have happened without someone like a Keith, like an Aaron out there kind of beating the drum? I don't think so. So I think these individual leaders can really matter. Palantir, incredibly valuable. Would I buy it right now at 125X trailing revenue? Probably not because I'm cheap, but I'm glad people are having fun. Shout out to Palantir for growing. I forget the number offhand, but I think their USGov revenue grew like 50 some percent last quarter.

37:34It was excellent. Awesome. Okay, we're running along here on time with these clips. So maybe we'll do some more clips on Monday, but maybe pick your favorite of the next four or so, Lon. Oh, I think we've got to do - Ladies' choice, as we say. I think Tucker versus Mark Cuban is where we end up today. Costplusdrugs.com. Yeah, we had Mark Cuban came out. We talked a lot about costplusdrugs.com, his online pharmacy and his issues. Wait, was that.com, Lon? It is the.com, yes. Costplusdrugs. No spaces, no dashes. And then we brought out, or they brought out, Tucker Carlson to sort of mix it up with Mark Cuban in real time.

38:13A lot, a lot got covered. It was a wide-ranging talk, but the clip we pulled was the two of them. This is actually blown up on MAGA social media. They're discussing specifically the conflict in Ukraine. They have very different takes on America's involvement. I'll let the clip take it from here. All right, let's do it. Mark, let me ask you a question. What's your take on whether we should be sending money to Ukraine or not? Were you in favor of that? Man, they need it. I mean, honestly, I don't have a good answer. You know, I can make an argument both ways, and half my family is Ukrainian from my grandparents.

38:51And so, you know, personally, I think we should help, but I don't have a studied answer for you. How much money have you sent to Ukraine? None. Oh, so what do you mean by we? you're the one whose family's from ukraine like why don't you send them a billion dollars because i'm trying to fix health care why don't you fix their health care if you're like so deep if you think we need to help why don't you start how about you first i noticed that's never like even an option for anybody it's like we need to help that's not what charity is forcing other people to help is not charity it's vanity the good news is all the weapons were on lonely so We're getting it back.

39:27And our dear president, Trump, has negotiated that we own half the minerals. So he turned this horrible, tragic award into a profit center, which is one of his unique gifts. I think we can all agree. All right. So I am shocked that as we pulled the Tucker Carlson clip, what we had was a bad faith argument punching against someone who's trying to make the world a slightly better place. Because nothing to me says Tucker like being a complete bleep bleep. Yeah. Well, you know, here. You can cut that out, but oh my God, what a fucking smarmy asshole. How do you really feel, Alex? Here's the thing I'll say about Tucker, because I do get a lot of feedback on Tucker being included.

40:08He's an entertainer. I'm fine with having entertaining people who are bombastic on All In. And I don't mind anybody speaking. I did think it was necessary for me to correct the record because there's a little cherry picking that occurs. And hey, hey, we're talking about vibrant debate at the top of the show. He's a great vibrant debate. It's important we have these. And it's important for somebody like me, who is a moderate independent, to call balls and strikes and remind people it was a loan lease. Trump enforced the loan lease. Biden set the loan lease. And Trump actually negotiated like plus, plus, plus on top of it.

40:40So this argument that anybody needs to worry that we're not going to get our money back, just like World War II, we got all the rebuild contracts. We did fine with the loneliness we did with the UK and other folks. So I think Mark's reaction maybe is genuine. You can only focus on so many things in the world. Okay, that's fine. And Tucker makes a good point that charity starts at home. Fine for him to bring it up. I don't necessarily consider it bad faith. There's a little bit of a debate club for folks like Mark and Ezra and Cuban and Rachel Mauer. They're all like the debate club folks who love to debate these things.

41:26And they use that personal technique. Oh, are you doing it personally, et cetera? putting all those techniques aside we do all and i sent this tweet out to just give a little coverage for mark and fairness and balance it out we all pay into taxes mark has paid more taxes than anybody on that stage i'm sure and those taxes go then to our leaders who then make thoughtful decisions of where to send stuff it's not like mark can legally form a militia or back a militia to do this or donate extra taxes earmarked in our democracy for weapons for Ukraine. That's just not how it works, folks. And so, you know, I thought it was an entertaining exchange.

42:08I think it's good for people to think about these things. And I'm fine with a little bit of the debate club back and forth. Oh, no, no, no. I'm not saying don't have them. Let's let Lon have a swing at it. I do wish that people understood or this distinction sunk in. We were talking about Charlie Kirk. We've talked about – you've had Ben Shapiro on all in, Megan Kelly. Ezra Klein. Ezra Klein. I'm sorry. Who was the former – who came on? Larry Summers. Larry Summers. It's not just – and we had Dean Phillips and we had Reid Hoffman. Sure. And Mark Cuban. It's a very diverse group. It's a very diverse group.

42:44We've had both sides. I think what I was going to say is less about the partisanship is that these people are all professional broadcasters and entertainers and masters of the algorithm and social media. media how to get how to be very culturally loud how to get a lot of people's attention that's what they're good at we we remark this every time uh behind the scenes nick and i talk about this all the time when we have a guest on all in who is a professional broadcaster a ben shapiro a tucker carlson a nesra klein somebody who spends their whole career talking into a microphone on a camera like i'm doing now and i think this is true as much as i disagreed with them i think this is true of Charlie Kirk as well.

43:18You get so good at how to speak in a compelling way, how to grab people's attention, how to say something funny at the right moment, how to say something sincere at the right moment, how to calibrate your appearance that it makes you extraordinarily compelling, regardless of the content of what you're saying. And I think that's what you can really see on stage. Mark Cuban's a smart guy with a lot of good things to say, but he does not have that 20, 200 ,000 hours behind the mic and camera like Tucker Carlson has. And it just makes him a force. I mean, you watch Ezra Klein. You know, Ezra Klein is, I don't know that he's ever built a product or service in the world.

43:58I don't know that he started a company or been a builder or a capital allocator. He co-founded Vox Media. Yeah, he did actually. But I don't think he was involved in that. I don't think he was running it day to day. He wasn't a business guy, is sort of my point, but he is an incredibly gifted debater. And, man, he's super compelling. And you know he's compelling when both sides hate him. The left hates Ezra Klein for half his editorials. The right hates him for the other half. Today it was his Charlie Kirk op-ed this morning that's got everybody upset. Yeah, and I'm just like, okay, he has sympathy and empathy.

44:36I think he called – he said he was like – he was great at debate or he was doing debate in the right way or he was doing politics in the right way. And I think that did rub a lot. If you look at the content of what Charlie Kirk said, I think there was a lot of upsetting stuff there. For some people and there's people on the left who say upsetting stuff. Let's keep going. All right. We did also have the – this is not about Charlie Kirk content-wise but the internet reaction and the use of AI to try to find his killer. Did you want to talk about that? I thought it was an interesting story. I think actually this is kind of very interesting.

45:09And I think people need to always understand breaking news stories. Yeah. And you need to have a skill set as an adult. And even with kids, I would say young adults as well, because they have to process this. And I'm processing it with my daughter. And her friends are all talking about this because Charlie was so dominant in TikTok and short clips. that they're all very aware of him and they're having their own discussion. In a breaking news story, you really don't know what the circumstances. In fact, even post a breaking news story, we still don't know about the person who shot President Trump.

45:49That seemed to have gone away. We never got the recap of that person's motivations or manifesto. I'd love to get a deep dive on that one. Well, I think it might be similar to, and I'm not a conspiracy theorist, But, you know, it might be there might be aspects to that that they don't want to release in the same way Unabomber manifesto could motivate people, et cetera, et cetera, et cetera. So I'm going to give them a little bit of grace there that maybe they made a thoughtful decision in not unpacking that at this time. We'll see. But there was a lot of speculation, a lot of gumshoe detectives on Reddit.

46:23Yeah. The FBI. Oh, sorry. Go ahead. No, I'm just going to say if you were just to speculate all you like. um fine social media the mind has to process things i get it you know whenever somebody dies in your immediate family your mind tries to go through every permutation possible to figure out for you to process the emotions collectively you know unfortunately while scrolling i saw the close-up video of the assassination of charlie kirk and it's like scarring and when it something hit you that emotionally it's just really hard to watch and i wish i had not seen it although in some ways i feel like i don't want to say civic duty to avoid it yeah i'm going to go ahead and say it's so scarring that maybe that's a good idea yeah it's i could understand people not wanting to see and i could understand people wanting to understand exactly how horrific it is um to process it as well and i'm not an expert on it but you do need to uh while you're speculating through this, just hold a little bit of space that there could be any permutation here.

47:28Could it be a conspiracy that the CIA or another intelligence agency could be involved in something? Of course, that's possible, just not probable. Could it be a mentally ill person? Almost certainly, that's what we'll find out. That's almost certainly what happens in these cases. Is it somebody who - Well, that does seem to be the case this time. Of course. It was an extraordinarily online guy who was just deeply troubled. I don't think we have to ban people from speculating and there's new AI tools. Maybe it's helpful actually when you crowdsource this stuff because you could find the video that maybe the FBI hasn't found yet.

48:01But just tell us what people were doing with AI. Yeah, well, here's the twist. So the FBI posted some blurry images of a person of interest in the shooting. You can see that one on the very far left here of this graphic. And so what people did was they took this image and they tried to enhance it or upscale it using all of our generative AI tools that are so popular now that people are often using for memes. And you can see here are three examples that people tweeted out. And the thing to notice about these three examples is that they all look very, very different because these generative AI tools, I feel like this is a misunderstanding of what these tools do.

48:40that people are thinking it's going to extract the authentic image from out of these blurry images and make it look clearer to the naked eye. But what the tools are really doing is filling in the details to make it look clearer or smoother based on previous images they've seen and their best guess as to what this guy's face looked like. So that's why you're getting very, very different. And in fact, you'll notice some of the AI tools rendered his shirt as just random patterns and images. others turn it into a bald eagle in front of the american flag i still i don't think we've got confirmation of what was actually on the shirt uh so you could see how this could lead to all sorts of potential problems that people either don't understand how these tools are working or don't understand how they could use them and i feel like that to me is the interesting question like how bad do you think this is going to get do you think eventually people will figure out here's what ai is good at and alex what's your what's your take here i could use it i could i could i could maybe steal me on the other side maybe these tools could come up composites of potential i'm sure the fbi has tools or you know artists they've always had artists sketch artists say you know here's potential just based on the human averages of what this person could potentially look like and they could make 10 versions of it based on you know a probability of here's what, you know, this person appears to be of this nationality.

50:08They're in America. They're in this city. Here are some potentials. And then run those potentials against databases of students and the Facebook or the book face of students at that university. And certainly, they were doing that. So I guess, how close is the public to being actually helpful here in pretty far away? Pretty far away, I think. Yeah. So I've had the misfortune of having been online through a lot of school shootings and similar acts of violence. And pretty consistently, 90 % of what you see and hear and read and is put before you on social media is wrong. That was the case during the catastrophe, the tragedy.

50:48And that was also the case again, when the name came out and everyone found the wrong person who had the same name and jumped to nine conclusions and wanted to make their same point. I don't think we're going to fix human behavior. I think we're always hunting for the why very quickly. And so I think these tools will become part of the conversation. So I would put the onus not on, is this kind of the right thing to do or the wrong thing to do? I think it's what humans are going to do. So I think what we should really focus on is individual education of ourselves to spot what seems to be legitimate, what is confirmed, what has been reported by several different news groups, and what is AI slop that people might be trying to push upon you.

51:19And I think as social media becomes more algorithm heavy, I think people get rewarded by the platforms for doing very poor detective work. And so I would just caution everybody to take a break during breaking news. Unless you're directly reporting the story, you don't have to be there every single minute and let these things settle down. But Jason, back to you. Well, I was going to say, there is a passion for crime stories. There always have been. They are very popular in entertainment and we have documentaries now. And there is one thing that is helpful, which is asking the public for help in identifying people.

52:00And so - Well, that's how we caught this guy. His father turned him in, because he confessed to his dad and to a friend on Discord, and then they turned him in. So that's the only reason we caught the guy. So yeah, there it is. And I think sometimes there have been these cold cases, podcasts, and documentaries that raise awareness. Again, the human mind tries to solve problems and resolve conflict, cognitive dissonance of how these things happen, and all that energy, although it will be wrong in the majority of cases, it will be spastic, it could be offensive, and could certainly rub people the wrong way.

52:39I'm sure victims' families don't always feel so great about people becoming obsessed with it, they do sometimes lead to maybe not the detectives and the investigators going, oh, I never thought of that possibility, but it could lead to a piece of evidence or a person coming forward who previously had not. And it could, you know, Potentially. And so I'm just, you know, I think there is something to crowdsourcing aspects of these. I do think we will see folks when they leave social media footprints, especially if they're on private accounts or in deep into forums that are not easily queried because they're behind paywalls or logins.

53:28There does seem to be an opportunity there as well. is this person in a Facebook group and a subreddit with a handle? And can I identify their way of talking? Or maybe they use something in their handle, a character, a series of words or keywords that could then help you find people. But you got to be careful as well, because I'm trying to remember the case recently where everybody went after the wrong person. It was the Boston Marathon bombing is the one. The Reddit thought they'd identified the guy, and there was like 12, 16, 18 hours between them all looking for this wrong person and the Sarnev brothers, who were the actual parties responsible being arrested.

54:13Yeah, thank you for remembering that. If you have a tip that you come up with, if you have a brilliant insight, if you have something that you see, you can turn it into the relevant legal authorities. I think that - The tip lines. The tip lines, sure. I think my more negative take, Jason, was more predicated on, I don't think a lot of the people sharing stuff in the last couple of days have been trying to help solve the case before we caught the shooter. I think they were more trying to drive more attention to themselves. I believe this is called chasing clicks. And to me, it's a gross form of newsjacking.

54:44Yeah, I think that's why I'm just. I just also worry that we're not informing people about what these AI tools really do. And there's a lot of people that believe it's just like this genius that lives in your phone that can answer any question and don't have a good applied sense of like what it's actually doing and how it actually works. And like I think this is just the latest issue that highlights that problem. That's going to – yeah, you certainly saw that with the psychosis stuff where people thought like, oh, and the South Park obviously lauded that and featured that in one of the recent episodes where it was like, oh my god, you know, I want to turn French fries into salad.

55:17That's my startup identity. That's a great idea, Randy. That's a great idea. And it's like, it's not actually a great idea. It's sycophantic. But that is part of the process of any new technology is people kind of learning how it does what it does. the great irony of this technology is that as it gets better, people's perception of its genius will actually become closer to the reality of it. These things do have a level of rigor that will emerge over time, where if prompted correctly, if you said, you know, instead of just give me a better picture of this person, make it clearer. If you said, based upon the average look of somebody this height, this weight, et cetera, give me some permutations and the probabilities that the person looks like this, that could be interesting.

56:10And I'm sure, like I said earlier, the FBI has had those tools for a little while. Maybe a balance or makes them, who knows? All right. Let's keep going. What else do we got on the docket? All right. So let's talk about social media bans. Jason, you called for a story on this. there is a new bill in the House from Representative Angie Craig, Minnesota. It's called the No Social Media at School Act. Kind of says what it does on the 10. The nuance to this particular bit of legislation is that she wants social media companies to geofence around schools to effectively block students from being able to access social media services during those times of the day.

56:46She wants people to learn and not scroll. To me, this seems like a very complicated way of saying no phones at school, but I'm curious what you thought. I think it's brilliant. If you can geofence me to create an anonymous bullying app like some of these anonymous apps became, not that the creators intended them to be bullying, but they did say, hey, all of that cohort was a mobile social geo application. And you put those things together, it's in your pocket, it knows where you are, and it identifies conversations or limits them by location. And obviously we do that, you know, whenever you're in Dubai or Austin or New York, you're going to get ads that are geo-targeted.

57:36very easy to do. And so if a school opts into it, the administration should be able to say, no targeting of students and let's turn off Instagram, Facebook in this one mile, you know, on the campus. If the school board there decided to do that, I think actually it's productive. And phone lockers, if you pull up producer Oliver or Claude, or maybe both, the phone lockers available on amazon i have been trying i've been lobbying about this um and uh this is a very example of yeah it's a very simple hundred dollar two hundred dollar depending on how many phones you can do and they're made of plexiglass or metal you slide your phone in uh in in some cases that one i think you know somebody has to administer it And other ones, they're little lockers that each have an individual key and you can see into your phone.

58:34And then you wrap the key around your wrist so you don't lose it. And then if you need your phone, you can go to the front desk or to the vestibule of the lobby of the school. Just like when I was a kid, we had the rock at Severian High School, which is a big giant rock in the back where you could go smoke. Think about how crazy that was. We were allowed to smoke in high school. You could go to the rock and smoke. And there were teachers smoking there with the students hanging out and bumming cigarettes off each other. It was a different time, folks. It was the 80s. That was still the 90s. I went to high school in the early 90s, and you could go smoke at the back by the flagpole.

59:07You could not smoke in the 2000s. No. It was totally acceptable. So if you think about what's worse for kids today, smoking or social media, I'm going to go – I'm going to give social media the edge. Tough call, yeah. I literally would give social media the edge. Not to take us down too far a rabbit hole here. Did either of you watch Unknown Number, the high school catfish documentary that's on Netflix? I have been hearing about this one. I have not watched it. All you'd have to do is watch that and you will be like, yes, we should absolutely shut down social media. Like those kids would have been saved from this whole ordeal if they weren't allowed to use their phones during the school day.

59:44It's such a distraction. You know, I was at dinner just the other night, as I mentioned earlier on the top of the show, with Vlad and some friends and Jared Leto was there and we're all talking. And, you know, I just said, you know, I was talking to Jared about movies and attention spans, et cetera, and having that obvious debate that we've had here before. And I said, yeah, I think it's coming back because look at all of us. We have our phones on the table face down. Every single person had their phone face down. I said, we all took the time to put it face down for a reason. We're signaling to each other unconsciously that you have my attention and that we enjoy this time together having the spicy rigatoni and the veal parm.

1:00:21although Carbone found me. They'll usually make me a chicken parm off menu, which I prefer to the veal parm, but they were very busy. They were very busy. Chicken parm is superior to veal parm. Oh, that's incorrect. Just to throw in my - Listen, guys, guys, I got to stop us here. We're going to go down a rabbit hole. Stop us here. We got to stay. We got a lot of talking, guys. This could take us 10 minutes over the purchase. But I think the onus should be on the social media companies to support the educators in this regard. This is where somebody like Zuckerberg, who I think has made the wrong decision every time it comes to our children, could actually show some leadership.

1:01:04Why doesn't Zuckerberg come out and say, this is something we could technically implement? Oh, because it doesn't make him money. It doesn't make the stock go up. And he could put five engineers on this and five product managers, 10 of their 100 ,000 people, whatever it is, a de minimis cost to him. And he could make a big impact. So somebody clip this, send it to Zuckerberg and his lieutenants, and let them know that I expect them to take action here. And I want to see them for the first time in their lives as a company to take proactive action to protect our children. Yes, Zuckerberg. Three people sent this to you.

1:01:40You can all guess his email. Just put it on social media, on threads, put it on Instagram and not mention him. And just say, J. Cal says, this is a time when you could actually do something thoughtful and proactively, as opposed to getting pulled in front of Congress constantly and having whistleblowers determine your action, which is the lowest form of leadership. If you want to be a leader, Zuckerberg, and I'm not going to make this personal and get into another Palmer Lucky situation, I'm talking about an organization that has a track record of not being proactive in safety concerns with our children.

1:02:18And he has children. I have children. You have children, Alex, Lon. We don't know. You could find out. Probably not. I don't think so. 23andMe will find out if anybody emerges. But the truth is, I really think, you know, at this point in Zuckerberg's career, being fabulously wealthy, powerful, having every dream he could imagine. Just having come off this major controversy about his own internal AI team allowing the bots to flirt with children. Like, what a perfect way to respond to that. Get ahead of the curve, Zucker. Right. Now we're going to go proactively defend the children. Like, wouldn't that be a great way to rebound?

1:02:55This is a message to Zuckerberg. Proactive once. Once. Can you do it? Just try it. I mean, for giggles. All right, next story. Let's keep moving here. Speaking of meta, just to add a coda to that, the FTC announced this week it's looking into AI chatbots interactions with kids from Alphabet, which makes Gemini, Character AI, Instagram, Meta, OpenAI, Snap, and XAI, notably not anthropic. Maybe because they're just not as popular on the consumer front, but the FTC wants to better understand how these companies, quote, monetize user engagement, process user inputs, develop and approve characters.

1:03:34And then, Jason, I think this one's very important. Measure, test, and monitor for negative impacts before and after deployment. Mitigate negative impacts, particularly to children. This is essentially in response, I think, to the meta chatbot fiasco, but a lot of other companies are being dragged into this. So there was a character AI suicide or a suicide. Let me just be crisp in my – I don't want to be framing these things non-eloquently. So I'll just give myself a second chance at it. A suicide that occurred based on somebody who was using character AI and was overly enthusiastic about that usage was clearly was not a healthy use of it.

1:04:12In no way am I saying that character AI killed that child. But I do think as these tools go into the real world, there needs to be a discussion. It would be great if it was proactive that when a child gets on these systems, you age verify. I don't see why age verification is so difficult for people to understand. And if you are going to engage in adult discussions with these powerful technologies, just do an age verification. And we need to have a global age verification system that is run in an opt-in way by the two major platforms, Android and Apple. They should – Apple already has a designation between children and parents and family.

1:04:55You already have my credit card. You know I'm an adult, et cetera, et cetera. They should set that on the device level. and they shouldn't be forced to do it. They should do it as a group. They should say, hey, we have an idea of the person's age. And if they want to upgrade to an adult account, they should put in a credit card, take a picture on the phone level and say, I'm an adult here. Now, of course, privacy concerns, yada, yada. But this would be something that platforms could opt into and say, here's a free version of ChatGPT. You don't have to log in. It's got these guardrails. and then they could say, and this is our one that doesn't have the same guardrails.

1:05:33And you do have to log in and, you know, we would like to know your approximate age range based on your iPhone stuff. Now, you do get into registration and privacy issues with all of this. So again, it doesn't have to be for everything you use. There'll be anonymous platforms, Reddit or pseudo anonymous like Reddit or fully anonymous ones if you want to go use the dark web and the tour network you'll be able to find those things as well but why not have this as an option for companies to say my technology is so powerful uh yeah you need to have some registration i i've run into this all the time i ordered kombucha the other day uh and i needed to show my driver's license and i'm like yeah it's got a little bit with that kombucha you know it's fermented 0.1 alcohol i mean some kid gonna drink two gallons and get a buzz?

1:06:23I mean, really? Okay. Can you imagine what drinking two gallons of kombucha would do to your body? By the way, shout out to producer Claude. He has an answer for why no anthropic on that list. The FTC is specifically targeting companies offering, and I quote, AI companion products or services defined as chatbots designed to mimic human characteristics, emotions, and intentions designed to communicate like a friend or confidant. Claude is an AI assistant for productivity and research. That's why they're not included. Which would be, Alex, such a simple thing to do is to separate out these products into their own apps.

1:07:00So as everybody experiments with personalities, if the personality is designed to build relationships and be a companion, just make it a separate app. We had the CEO of Eli Lilly. Dave Ricks. Dave Ricks was at the event. Really nice guy. And I gave him a big hug. He was very nice. I chatted with him briefly. He was very nice. Very nice guy. And we talked about our shared passion for skiing. And I thanked him for my 40-pound weight loss that GLPs have done. And I've given it a lot of thought. I didn't talk about that weight loss during the first two years because when I started using GLP-1s, they were an off-label use.

1:07:42Ozempic, if you remember, four years ago when I started, thank you to my friends Tim Ferriss and Kevin Rose who had a discussion about it on their random podcast. And they call it Random Show. You know, and there are biohackers, obviously, and they had been using it off-label for visceral fat around Kevin's heart and lungs, kidneys, whatever that is. I can't remember exactly how I framed it. And so I went to a doctor and I convinced him to let me try it off-label for this weight loss, which I struggled with after gaining two pounds a year for maybe 20 years. Used to be a marathon runner, weighed 165 pounds.

1:08:16Now I weigh 172, 173, lost 40 pounds. I'm literally almost in my marathon running weight. which I don't actually want to hit because I've gained muscle since then doing weights. So I might be within five pounds of what I would consider optimal. 166, 167, something in that range is probably where I want to get to. And I was speaking to the CEO of Rowe. You guys know Rowe.com, yeah? Of course. Rowe.co. Rowe.co, yeah. And so let me find, is this in the docket for me? I don't have any details of it. Let me find it in the docket. It's the red. It is there. Yeah. It's under roe.co shout out. Top, bottom.

1:09:03Why can't I find it? On the top. Okay. Yeah, right under the lawn stuff culture beat story. Oh, there it is. Okay. So I was talking to the CEO of roe.co, roe.co. And he said, listen, we're going to do something. And I know you've talked about GLPs and you're passionate about it. And again, I didn't talk about it for the first few years. I lightly talked about it for the next two because I know that there is a certain number of people who will try things because they trust me. And I wanted to wait for more data to come out about these things. And a lot of data has come out. And when people ask me and my family or friends, hey, should I try a GLP-1?

1:09:49I say, you should talk to your doctor. And it's had a profound impact on me. In talking to the team at Rowe, they said, you look great. Would you consider being a spokesperson for GLP-1s on our platform? I said, thank you. That's incredibly flattering, but I don't really do those things. And then I thought about it. I talked to my wife. I talked to my kitchen counsel, kitchen cabinet. Is that what you call it? Kitchen cabinet is what we were calling it. I talked to my kitchen cabinet, and they said, well, do you think you could do well by being a spokesperson for row.co. And I said, yeah, I think now's the time.

1:10:31And so they signed Charles Barkley, Serena Williams. Yeah, Serena's on the front page right now. And I'm making the announcement today that I have signed on as a spokesperson for GLP-1, specifically on row.co. And I don't have a promo code or anything, but if you go to ro.co, You can start getting some information on it, do a consultation. And in talking to Dave Ricks at the summit, Dave Ricks, yeah? I got the name right? Yep, you got it right. Dave Ricks of Eli Lilly. Of Eli Lilly, you know, they're finding out all this other great benefits to these GLP-1s. These are obviously new drugs. I mean, Zetbound is their GLP-1.

1:11:13That's the Eli Lilly brand. Yeah. And so if you're overweight or you're struggling with this stuff, it worked for me. Maybe it works for you. Again, you probably have friends in your family who have had a life-changing experience on these. Alex, you've always been shvelt. I don't let you wear I don't let you wear your tank tops on this program but once in a while you'll rip your shirt off at the end of the program we go into a production meeting and I see those cannons you look great you don't need it probably but yeah go to road.co for real FDA approved weight loss options from a provider who you can trust can I just say how surreal it is that it's like Serena Williams and I love you Jason but like you know like famous athlete and then podcaster famous podcaster in his podcast.

1:12:02Yeah. It's right there. Well, I think this could be the start of something really great if Tom Ford's listening and the Chevy Corporation and makers of Corvettes. And if the Maybach had a driver's test in. I like Corvettes and if there's a ski company that wants to gear me up, I mean, anything's possible. I think being in the top 10 on Apple Podcasts, it's just like being the winningest tennis player of all time. It's the right there. Absolutely. me and Serena in terms of achievement champions both champions in our respective fields winners winners of course she's known globally and I'm known yeah I guess I'm known globally globally I listen I mean I don't know maybe there's no difference when people to me it's surreal when people at the Universal Studios all in after party when Amanda would be like this is Lon he works on all in sometimes people's eyes lit up like you said I worked on Jaws sometimes.

1:13:03It's like, it's a big deal. It's a big deal. All right. Well, there you have it, folks. It's a big show. I'm really happy about that. Okay. We're an hour and 10. We're an hour in. Do you have one or two more important stories that we should cover? Pause in. Pause in really quick. We have to do a polymarket. Yeah. Do you want to do the polymarket? Yes. I love polymarket. I have a polymarket for us. Let's do a polymarket. I'm going to do Zoox, the news story, as a short intro, and then I'm going to pivot back to the play market so just three two all right tell me about the zooks progress i was just in vegas i was gonna go try it but i was there for a short period of time and i wanted to play plo and donate my money to the grinders there but i played five five we played peel the same way uh the big story from zooks which is amazon's self-driving company is that they have launched in las vegas the service is currently free i think because they're not allowed to charge people for it yet jason okay but zook's keep in mind is not a tesla it's not a jaguar that has been converted to self-driving they have a purpose-built self-driving robotaxi so you sit facing one another it's super cool to me it's a it's a little bit of the vision of the future in which we call a car we sit in it but we don't have to deal with the usual setup and i i'm just really excited about this there's no front and there's no back that's the thing i find very interesting about it lawn.

1:14:22So if it pulls up into a dead end street and, or it's going into the Hollywood Hills eventually to drop you off, it doesn't need to ever do a U-turn. It can drive equally well the other direction. This is going to be a huge benefit. It also has large sliding doors on both sides. So getting in and out of these is distinctly different than a car, as you point out, Alex, because you have to swing the door open and have it get clipped in traffic. Here, the doors slide open. There's no, you know, like a minivan or more accurately a bus. So this thing has some very unique advantages. You can imagine if you went into the parking lot at Terry Black's, which is the final boss of Austin self-driving because you've got 16 people parking, circling, blocking each other.

1:15:15Nobody gets frisky in that parking lot because everybody in Austin has guns. So, but it is the final boss. Here it is. This reminds me of, you remember Minority Report, which I think was one of the first big sci-fi movies that had driverless cars. It was just like they're all driving in these automated vehicles. And I think one thing that was interesting is those cars had no windows. You're inside and it's all LED screens projecting things. And so that felt like, oh, the future, like if you have driverless cars, they don't need windows so a driver can see out. That's what this reminds me of. We get to really rethink vehicles from the ground up now that we know there's not going to be anybody piloting them anymore.

1:15:56The most important thing here is – There's going to be so many of these interesting kinds of changes. If you could pull up the safety test, producer Claude, there are safety test videos of this. So then to go to an even deeper sci-fi pull, I believe it was Judge Dredd where one of these cars gets into an accident and it does a bunch of foam lawn. Yes. I think that is Judge Dredd. Is it Judge Dredd? Yeah. The original Mr. Russell Stone? That sounds right. It goes flying in there. You are right. It's secure foam. No. It's not Judge Dredd. It's from the movie Demolition Man. Oh, Demo Man, Arnold Schwarzenegger.

1:16:33Schwarzenegger. 1993's Demolition Man featuring Secure Foam. Yeah, so you can show a picture of that or just a still or if you have the video and then show the video. Because this will be good for our clip game. Shout out to Cleo. The video that I found is real grainy. Not good. No, there is a great video, though, of the Zoox in testing. So the Zoox safety test video. Let's just play that for a second here. Okay. So, Alex, you find that one. Lon, you find the other one of the movie. I found the Demolition Man one, but it is blurry. I think I can find that one. I think it's fine to show it. So you find a better one.

1:17:07Alex, you find the safety video from Zoox. It's on - I have a Zoox being hit with various things at high speeds by the company. Is that what you want? Yeah, that's the safety tests. And it shows the airbags going off. If you scrub through it, you'll find it. And I've watched this video before. Because it's a unique giant box, you're in a giant box, you could have a lot of padding on either side. I believe the Zoox is for low speed cities. So I think these things are designed for 35 miles and below, maybe 45. Certainly they're doing any testing. So these are these sleds they use. Basically, you'll have a sled go at 50 miles an hour and smash into the Zoox.

1:17:49now because the tires are used these giant tires are the height alex of a car fender so if a car goes and hits one of these they hit these giant tires and as you can see yes they compromise the tires and then inside they have so many airbags it's absurd i think you could roll this thing down Mount Everest and people would walk away from it. Which is amazing because we can be safer in these cars because they're designed differently than we are in our current cars. There's no steering column facing your chest. There's no windshield right by you. Yes, absolutely. No engine. This makes me very excited, Jason.

1:18:33Yes. I love that we're doing this in Vegas. For folks who want to try it out somewhere else, they're going to do San Francisco Access, I believe next. And then Austin and Miami are on the way, which brings me to something that's also very important, which is Tesla and its Robotaxi group are also moving out around the nation. Security drivers, as you like to talk about, Jason. Safety. Safety drivers, I'm sorry. But that brings me to this week's Polymarket. There's a Polymarket all about whether or not Tesla is going to launch Robotaxis in California this year. And as you can see, their betting has really picked up in the last couple of weeks, and people are becoming increasingly optimistic.

1:19:09So, Jason, no inside information, no calling on your friends. What do you think, from what you know, is the chance? Well, let's, you know, on Polymarket, they have a definition section. If you scroll down a bit, we need to understand the definition of robo-taxi here. So maybe you could take a look there. Any taxi service available to the general public which operates without a human driver actively controlling the vehicle will count, regardless of membership or other financial restrictions. Services which are limited to Tesla employees or a limited test group without general access do not qualify.

1:19:43Okay. So this is properly priced at 50-50, basically. The reason there's spike is because people who use the self-driving from Tesla, and even if you look at something like the FSD tracker, are reporting high 90 percentage. I think it's 96 right now for the consumer grade software that I use every day and other people use every day without a critical disengagement. So if it's 96%, 97%, they're kind of in the end game, if you will, which is why people think 50-50. And the reason it's not 90 is because of regulators. Right now, my understanding is with the safety driver, you're categorized as level two because you have somebody who's actively monitoring the vehicle and no shame in the safety driver game.

1:20:35Keep the safety driver in for a year or two is my best advice to all these folks. It'll happen when it happens in each city and it's happening. If Zoox and Waymo can get it done, Elon will get it done. But what we don't want to see is an accident. And one of the things I am concerned about is there seems to be extraordinary pressure being put on these companies to get this technology out there by market participants. And I will admonish these market participants who are pumping stocks to secure their bags, that they're bad actors when they are pushing people to go fast because they want to see their stock price go up.

1:21:22I have exposure to all of these stocks, Amazon, Tesla, Uber, Google with Waymo. I have access to all of them. And I'm going to start buying, I think, some of the foreign players to just increase my access to all of them because I believe in the category so much. I haven't made a J trade on things outside of those. Xiaomi coming soon. Yeah, all of them. BYD. I mean, there's a ton. Pony, Neuro is not public yet, but I could probably get access to private shares. And the reason I'm really admonishing these folks who use their affiliate codes to try to make money or they're using the energy of the public to try to get more views on their YouTube channels or chasing clout is because you're putting pressure when it is not necessary.

1:22:08You don't need to have your stock go up 10 % every week or month or quarter. If you believe in the category, place your bet and then go sit on your fucking hands like I do. Just sit on your goddamn hands and go live your life. Stop pumping stocks and putting pressure on these companies to do things too quickly. Safety is number one. And I know this because when I was a private shareholder of Uber, third or fourth investor I hear, they - So they say. So they say, not for me to say. They had a terrible accident where a safety driver was playing Candy Crush and trusted the software too much and Uber shut down their Phoenix test.

1:22:53Then Cruise dragged somebody. They didn't make the initial hit, but they dragged somebody. And then because of corporate pressure, stock pressure, pressure humans feel, they tried to cover it up allegedly and they lost their license. If one of these companies, God forbid, has a fatality or just any loss of life or even just hurting somebody, the whole thing is going to be put on ice for a year or two. The public will not embrace it. The regulators will do CYA up and down the stack. Too much pressure on too many people. Everybody, chill out. And it's going to – if people keep trying it, right now people who try it are uniformly or almost uniformly delighted.

1:23:37That's all the feedback we always hear. Absolutely. You want to keep that going. Like you need that as the foundation that everybody who rides in a Waymo today or a Tesla, they're evangelizing it to five more people. I rode in a Waymo. Totally safe. I never felt like I was in danger. It's great. You don't have to tip. Yeah. That's the virtuous cycle that you want to keep going if you're an investor in one of these companies or all of these companies. So ignore these stock promoting – it kind of relates to the meme stock stuff. The meme stock people are talking their bet, diminishing the other bets.

1:24:14Waymo is never going to scale. Tesla is never going to work. Uber is going to be toast. All this stuff. And it's silly. There's obviously this category. And I talked to Dara at the All-In Summit about this. Thank you to him for coming. He's very busy. And he explained it deftly, which is, you know, this category is going to expand massively. There's going to be many winners. And it's a global deployment of upwards of 100 million cars. There'll be 100 million cars over the next 10 years put on the road. There's nobody capable of making 10 million cars a year except for Toyota and Volkswagen, I think, can get to 10 million cars a year.

1:24:51Eventually, Tesla could. They do 2 million right now. 1.8 million was their record. So it's, I mean, it is conceivable one person could maybe, you know, do that, but they would also then have to incur tens of billions of dollars in expense because that's another issue. The CapEx to create all of those cars is monumental. Yeah, it's crazy. So there's like a physical constraint. There's a regulatory constraint. There's a capital constraint. And there's a consumer trust constraint. Let's just take our time, folks. Take a beat. and place three or four bets and then go live your lives. Go touch grass and kiss your kids.

1:25:30That's what I do. You think when I'm skiing 33 days a year in Japan and all around the world, I'm sitting there sweating this? I'm not. It's going to happen. It's going to be a great opportunity for everybody. And if you think of Uber today, it's not like you only get one kind of car when you dial up Uber. Maybe you're going to get a Suburban. Maybe you're going to get a Range Rover. Maybe you're going to get a Tesla. It's like it's all different. Maybe you want a two-seat car. and save money on a cyber cab. Yeah, sometimes you get a Waymo and that's part of the experience. Sometimes you've got a family.

1:26:00You need a Volkswagen ID Buzz, which is going to be all over the place. Or you want to be in luxury and you want the Lucid SUV with seven seats and room for five bags. So I feel like that is not hard for me to conceive at all, a future where you dial up and you know you're going to get an automated ride from Uber, but who knows? It could be one of ten different varieties of cars. Or you use the Waymo app or use the RoboTax app. You'll have five choices. The real winner here is the safety of humans, recapturing all that time in the car. So people talk about movies going away. Hey, you know what?

1:26:35If you're in one of these gorgeous Zoox and you're traveling, you know, you have an hour commute from, let's say, you live in the – or even an hour and a half commute. You live out in the country and you take a long ride into your office three days a week. Guess what? maybe do you know my discussion with jarletto about attention spans you would invest in a kurosawa film and watch that on the way in and out and just give yourself over to lean back a plane ride you know just like a plane movie or a tv show when you're on the plane yeah awesome all right everybody it's been another amazing episode thanks to our partners polymarket claude um and prop it dot co and now to the family ro dot co get your glp1 on after your consultation with a trusted provider if you are so inclined and you could be shvelt like your boy, Jake, Kyle, not talking to you, Lon.

1:27:25Not not talking to you, Lon. You lost a little bit of weight. You look great. I don't know. Maybe. Yeah. All on my own. I did not. What do you, how far are you from your ideal? I could still probably lose another 25, 30 and be totally fine. But I was, I was up to, I was near 250 pounds and now I'm a little under 200. You up for the row challenge? You're interested? I might, we'll see. we'll talk about it i'll pick it up i might i'll pick up the how about this i don't love the needles but i'm i'd be interested it's the tiniest little micro filament of a needle you when you do it it's so tiny the needle and you just do it in your your your belly fat or your butt fat or whatever or your fat on your arm and i got plenty of that i didn't know if the needle had worked or not because it's that then of a micro needle so if you're scared of needles something to do I'll pick it up for you, Lon.

1:28:15All right. Hey, okay. We'll talk after the show. And I would be willing to do a weight incentive bet with you. Oh, man. All right. Could get spicy. Yeah. Could get spicy. We'll do Biggest Loser here on this week at startups. All right, everybody. We'll see you next time. Bye-bye.