RunwayML, AI Steve Jobs, & more with Sunny Madra & Vinny Lingham | E1755

0:00I think everybody's assumption just like seeing like a Twitter handle tweet something that you'd be like that's a tweet okay it's a LinkedIn am I sure that this actually happened in reality I'm gonna just get three or four sources I'm gonna just like a Twitter.

0:30a big publication in the next election 2024, we'll make a screw up and publish something which is totally fake and then apologize for it afterwards. 100 % that will happen. Yeah. Okay. This Week in Startups is brought to you by Vanta. Compliance and security shouldn't be a deal breaker for startups to win new business. Vanta makes it easy for companies to get a SOC 2 report fast. Twist listeners can get$1 ,000 off for a limited time at vanta.com slash twist. Embroker's startup insurance program helps startups secure the most important types of insurance at a lower cost and with less hassle. Save up to 20 % off of traditional insurance today at embroker.com slash twist.

1:15While you're there, get an extra 10 % off using offer code twist. And.tech domains are the go-to namespace to build anything in tech and home to some of the world's most innovative startups. Secure your.tech domain today and lock down a one-year domain for$10 or a five-year domain for$50 at go.tech slash twist. All right, everybody. Welcome back to This Week in Startups. It's our AI roundtable with Sonny and Vinny. Sonny Madra, of course, is the co-founder of Definitive Intelligence. They provide AI-enhanced data analysis of both private and public data. and vinny lingam the founder of weight room for one-on-one video conferencing and that's at weightroom.com he's adding a bunch of ai related features welcome back to the program vinny and sonny thanks jaykel hey sonny good to be back good to be back all right tons of stuff going on sonny let's just get right to demos it's demo or die time if you're watching if you're listening to this uh we will sportscast what we're talking about so you can just listen while you're driving but if you want to youtube.com such this weekend or search for this weekend startups video video and on apple podcasts or if you're on spotify they have their own proprietary video player which we have been added to so you can just hit the video button on spotify i haven't seen it i didn't know that spotify did videos that's cool it's only a small number of podcasts there are internal ones that they bought with like the ringer call her dad um is it call her daddy those ones that they paid for you can they don't use like a public rss standard which is something i talked to daniel ak about um it's like please respect you know standards uh because we have an rss feed for video and rss feed for audio because it's two different experiences but with spotify we have to take a third step and give them like a proprietary video um but it's worth it i guess so people can do it but i think it's much easier just to go to youtube.com slash this week in or just search for this week in startups but let's get right to work sunny what do you got first for us because you are playing with every tool as they come out you're learning a lot i've been doing the same chat gpd4 is like my default now and my god is it getting better every day okay so what do we see here so this is a tool it's kind of yeah it's interesting there's tools in the news this week um as well it's good to talk about so runway i believe you guys had these uh you had the team on yeah and they just raised a massive round and agreed to move their uh i think a bunch of their compute over to gcp so you know kind of interesting to see how that's playing out yeah google cloud platform yeah and um you know so they sort of have what i would say is a uh generative ai tool that allows you to do things to video which is you know pretty pretty awesome and i found a video of our good friend here jason having a good time is that dj jake out it's dj jake well this is like you know you're you're jamming to a dj in this case so i'll just quickly play this video here and jake out feeling the ranch water that sunny made for me let's go yes and so this was uh by the way this is you and i isn't that uncle beach club that's encore beach club we have the number one sunny and i have the number one booth overlooking kigo is that he pronounce his name yeah kai go yeah he's incredible kai go if you're watching i'm a massive fan of yours please feel free to shout out kai go man that kid tore it up and that's me feeling no pain at 1 p.m in the afternoon drinking yeah what's called ranch water which is so what is this doing the ai breaks down what i'm drinking no it does not do that so i went in here and it allows you to go um you know video to video and i said this is cool but this would be a lot cooler if it was cyberpunk okay and so i put a prompt in here and said make it cyberpunk my favorite genre it takes about two three minutes to generate since it's video and then we're just going to give this a play so it put me in neon with like a cyber jacket i'm fist pumping the crowd's going crazy and it turned it into like a cyberpunk city yeah which is unbelievable yeah i mean you think about like making a short film right now or just making an independent film if you were making an independent film and you wanted to make blade runner today you could have shot me at the club dancing and then just said cyberpunk or given it even more granular prompts it's it's pretty outstanding and that looks like you know probably the cgi of a film in the 80s maybe better uh i think better than the 80s yeah maybe 90s like you know we'd have to put that up against like uh what are the 90s cyberpunk films like johnny mnemonic or something it looks like johnny mnemonic level yeah yeah yeah wow and you know it's so i think what this is going to do for you know creators and you know folks in this industry is it's it's incredible um you know just look at the detail in the background of the city and everything else and this lighting and it's i really i was really really impressed by by you know what what these folks have done and definitely great to see them you know raising money and and you know uh bringing workload to google platform as well great amazing uh so that is runway uh ai and very cool demo vinny any thoughts i think it's awesome um i want to try some of my videos And it's very cool.

6:48Very cool. And in order to do this, you know, we obviously had the same wow moment, maybe to a lesser extent, with filters on Snapchat and then Instagram copied it, etc. And then, you know, 10 years before that, we saw these filters on something like Photoshop. So you'd be on a desktop and you'd take a picture and you'd make it sepia. You'd be like, whoa, you made a color photo black and white or you made a, you know, black and white photo sepia. oh, wow, like that's incredible that you can do that on a desktop and it would take an hour or 15 minutes then on your phone. But now this is taking videos and making really convincing stuff.

7:22And it's free form. Like there you were limited to the filters that it gave you, right? You couldn't do it. This, I just did it by prompt. This is not a pre-determined filter by them. I just decided cyberpunk, you know, given your, I know Blade Runner is your favorite movie of all time. Well, you could also have done three more follow-up prompts and refined it, refined it, refined it. you could have told it to change the background or you know whatever put it on a night sky you could have done all kinds of different uh options there so this is truly yeah groundbreaking yeah but this can't be done on your phone you don't have enough gpu on your phone it's all done in the cloud it's done in the cloud right but i mean eventually eventually you could probably have this on your phone or probably not um i don't think it'll yeah you know let's i think in a few years there'll be some portion of it that'll be done by the local you know the gpus on your phone well i mean yeah i'm sure if it can't be done on the phone you just do it on render render can probably just render this thing real time good use case a good use case yeah all right um yeah so i thought it was really exciting you know we've seen a lot of stuff in and around generative uh photos and it's that's taking off but these guys have done an incredible job with video and they you know just takes that eight second video took about two three minutes to produce so i'm figuring if you had something longer you could do it one thing that we could do at some point is we could take the recording of the episode you know the zoom recording we do jay cal we should turn it into a different format for fun yeah totally we should just well the thing i'm super excited about is language translation so the ability to take this leave our um voices in but have it be in japanese and then publish it or Arabic and publish it to another language to me is something I'm actively pursuing right now.

9:10So I'm looking for a partner to do that. That's a good segue to the next two things I wanted to pull up. I believe on the last episode that we did together, we asked for some folks to create an interview between you and Steve Jobs. Oh, did that happen? Yeah. It happened. And there's two that I found. If there's more, just message us. So I'm happy to share. You know, this one is particularly interesting because they even rolled in ads and then this was their pitch to you. So it's sort of like an interesting thing. I'll pay the first maybe minute of it or, you know, 30, 40 seconds of it. Welcome to another epic episode of This Week in Startups.

9:50I'm your host, Jason Calacanis, and today is a big one. We have an incredible guest today, the visionary, the titan of tech, the co-founder of Apple, the one and only Steve Jobs. This Week in Startups is brought to you by Kytera, your indoor air quality management platform. If you're a real estate or workplace experience leader looking to create world-class buildings, you need Kytera. And if you're Jason Calacanis, you need to get Kytera on This Week in Startups. And if this is how entertaining our AI podcasts are, just think about how good we are at our core business. Welcome, Steve. Well, I don't normally do podcasts, but I'm happy to be here with you today, Jason.

10:32We're really excited about this new launch, and I think you're also going to be pretty excited when you see what we've developed. So let's jump right into it. Tell us about the new Reality Pro AR VR headset. I'm going to stop it there because if folks want to listen to it, we'll drop the link, but that was a pretty good one. And I like the creativity on the ad and reaching out to you that way. Yeah, and they're trying to pitch me their startup, which is an air quality monitoring company called Katera. K-A-I-T-E-R-A. Katera. Katera. An air quality monitoring platform. Interesting. Good job. Guys, isn't this scary?

11:12Do you know how bad the election is going to be affected next year? i'm convinced like whatever we saw in 20 or the 2014 or whatever it was or 20 2018 with it was like nothing compared to what we're gonna see now uh no i'm not worried about it i think it i think everybody assumes you don't think people gonna put together fake um oh i think they will i think everybody's assumption just like seeing like a twitter handle you know uh tweet something that you'd be like that's a tweet okay it's a linkedin am i sure that this actually happened in reality i'm gonna just get three or four sources so everybody's kind of assuming that if something's in the press that the press has biases um and you have to learn the you know the individual nuance of each publication and that if you find something on social it's probably been doctored i i'm gonna always guarantee you that a big publication in the next election 2024 will make a screw up sure and publish something which is totally fake and then apologize for it afterwards 100 that will happen yeah okay yeah i mean that has happened right people have it just happened yeah it happened yesterday with that article about the drones attacking the drone operator yes we'll get to that one in a second because that's yeah yeah yeah if you're a sas or services company that stores customer data in the cloud then you need to be uh sock to compliant you knew that from a third party and you need that third party to close big deals and if you want to get compliant easier and faster you need to use vanta v-a-n-t-a vanta makes it so easy for you to get and renew your SOC 2.

12:58On average, Vanta customers are SOC 2 compliant in just two to four weeks. Prepare that to three to five months without Vanta. And Vanta can save you hundreds of hours of manual work and up to 85 % of compliance costs. This is a total no brainer. And Vanta does more than just SOC 2 compliance. They also automate up to 90 % compliance for GDPR, HIPAA, and more. You can't afford to lose out on major customers. We all know that. Listen, it's a hard year. Last Last year was hard. You can't lose those major customers because you don't have your compliance dialed in. Just work with Vanta. Get your compliance automated and tight and tight is right.

13:31Lock down those big deals. Here's the best part. Vanta is going to give you$1 ,000 off. That's 10 hundies. Get$1 ,000 off at vanta.com slash twist. That's vanta.com slash twist for$1 ,000 off your SOC 2. I've got one more of these videos that I want to give credit to because these teams put the work in to put this together. Of course. So let me pull up the next one, which it took a different approach, but I thought this one I really liked as well. So we'll just make sure at the start here. So I decided to take a one year sabbatical. I went to go work at Foxconn City in Shenzhen to see how bad it really was.

14:05Oh, wow. So you really went deep. Yeah, I did. And, you know, after really embedding myself, I found there were certain quality of life improvements we could make. Of course. These workers, they usually share a dorm room with a co-worker. Yeah. And these dorms can be a bit small, a bit run down. What I quickly found is that they love karaoke. So we installed KTV rooms on each floor to liven things up a bit. Okay, that's a good start. And that worked for a while. Yeah, so I think the quality of the first one is much better than this one. This one felt like an old school, like someone took snippets.

14:40But, you know, I don't know what your thoughts are, Jake. Are you listening a lot more of these? I mean, they're obviously you can tell there's something off. even with a lot of training data, it looks like these folks are using play.ht. Is that the AI-powered text voice generator? The first group did, the Kytara folks, these groups, this group, Jackalope Labs, their sponsors were kind of like a joke. So like Hooli.ai. So they didn't really lean into what technology they used, but kudos to them. It was fun to listen to. i think what's going to get interesting about this is the creativity will continue and i think what will be most interesting is when people create like a synthetic reality and what i mean by that is if you really like they wrote kind of a goofy script there about you know creating karaoke rooms or whatever but actually if you had the collective thoughts of steve jobs and my collective thoughts from a bunch of podcasts you could actually simulate how i might uh discuss i don't know something like uh a global event that none of us is prepared for like a tactical nuke god forbid going off in ukraine yeah so how would the world respond to that you could actually run a simulation and have like world leaders discussing what just happened and how they're going to reply to it and actually you might get like an accurate take on it um if a nuclear war broke out so that could be very interesting and people do make things like remember the day after that was a tv show where writers conceived of what would happen if there was actually a nuclear war between the united states and yeah it's a 80s reference right really you could really create more interesting deep views of this where you have a historical figure interview another historical figure i talked about like joe rogan interviewing jesus or you know whatever it happens to be uh mike wallace interviewing hitler i mean you could make really wild combinations of people being interviewed and you know could be compelling i don't know any thoughts on where this like um where the synthetic podcasting is going do you see a world in which a synthetic podcaster makes podcasts with historical figures or as a synthetic podcast that is not connected to reality i would probably listen to this so if you have if you're having a conversation with with uh nelson mandela for example and you're asking him questions and the ai has learned his book like long you know long walk to freedom and all the other stuff he wrote and it's and i can actually mimic him and give real world context what he did and what he said that would be really interesting because then it gives the interviewer it gives you the like the ability to actually create a um a summary right like instead of having to in in his own words so how you know how was the first 12 months at robin island like tell me about that and then it would go into the the history logs look and come back in his voice now that would be authentic that would be amazing to listen to right but if it was like just made up that would be like inauthentic and no like and it's just you know so it depends what the intentions, I guess.

17:57Yeah. Yeah. That's an interesting take. And, you know, I do think sort of Jake, how you touched on it, what people need to start doing is like, you know, for you, obviously you have lots of transcripts from, you know, all the podcasts you've done and public interviews you've done and the books, right. And so I think, you know, that perspective and taking that and answering it, cause I think you'll get the most authentic Jake L. I think when it's just voice layered over text that was written by something else that's where it's less genuine yeah yeah you have to you and this is where if you want to think about the singularity and your consciousness or your persona lasting beyond yourself having a bunch of recorded interviews uh and this is going to lead to a whole nother what what are those people called who like are obsessed with ancestry.com and those kind of like family tree genealogists so like genealogists i think there's an ai genealogy startup here that would be incredibly powerful where you get prompts you go to your family and you say hey tell me about the birth of sunny and then hey sunny tell us about your childhood and then hey sunny's sister or brother or cousin tell us about your version of those and the ai would create prompts listen to the responses then create additional prompts like a documentary filmmaker might and then fill in uh you know this incredible story of the madras and their journey over the last couple years and then you could actually pull in historical events or whatever but this could create the ai would know what prompts to do to create the best outcome for future generations to learn about their family the past yeah it's really fascinating like basically you now have a way to capture that and then because capturing was always possible people could write you know transcripts or whatever they wanted what happened but now you can make it digital and then you can interact with it i think that's really really amazing whoever that you know genealogist is that role could be an ai so an ai genealogist who listens to your answers and forms follow-up questions is i think that would be interesting to me and then says who else should i talk to and then goes and talks to them so i i had an idea and i'll tell you how long ago i had this idea it was 2018 okay five years ago my mom died and i was trying to figure out like how do you you know like i can't talk to her anymore it's just really hard to connect to someone obviously you know she's gone and you know if i was a lot younger and i lost my mom like it would be a lot harder for me like you know teenagers whatever but you know and i started thinking about like you know if my kids get older and something happens to me like who's going to give them guidance on certain things when they have a problem like you know first date or whatever like you know stuff you got your dad for and and and and ask questions and stuff like what would they do and so the idea i had back in those days back in that day was like maybe i should just like get a video camera and and like write a hundred or two hundred lessons that i want to give my kids that they can always look up one day and they can just play it back and so like you know dad's advice to me for this dad's advice me for that like and and then like fast forward to ai now i'm like maybe i can just create an ai version of myself and just spend hours thinking talking to the ai about my my my like the way i think about things the way you should treat other people you know just like who i am my values and therapeutic when you think about it it would be and then the ai could auto generate me okay so a video that looks like me and it could talk to my kids anything ever happened to me you can talk to my kids like so the the the inspiration really was for superman right so he when he goes to the the north pole and he's able to speak to his ancestors exactly exactly and so you know when i when i watched the first superman movies back in the 80s like that was amazing right you remember the special effects was great and so yeah wouldn't it be cool to create that and allow people to create this like legacy of themselves if you did it with crystals and you could like drop the crystal into the reader and like if any father comes out any father that they want to want to start this company i will fund it it's a great idea i would love i would love to immortalize myself and you know you got to come up with like the the list of questions so maybe there's 200 questions or 500 questions whatever but once you've like fit all that in it's great and so that's a good segue to what i've been looking at this week okay oh yeah there we go vinnie getting in on it exactly so let me uh let me share this it's this thing called audio pen have you guys seen this i have not seen it so you know now i've turned to recording mode so now i can just like talk about whatever i want i can ramble on it's like you know i think that uh you know whenever you go out to a restaurant you should tip as much as you possibly can up to like 25 percent and always make sure it's a minimum of like 10 bucks you know because people work really hard and this is part of the income.

22:57Then I can ramble my thoughts in a different direction and say, I don't know whether we should tip for takeout. When you go to takeout, maybe you should only tip 10%. Or if you're buying at retail and it asks you to tip, should you pay any tips? Then you're rambling now. I'm rambling, right? Then I go, stop. Then it transcribes it. Give it a couple of seconds and re-writes it. It takes messy thoughts and converts it into clear text. exactly gets rid of all the it gets through the rambling this is a great idea yeah this is something that i would like to see built into notion i like to see this built into slack or yeah tipping etiquette beyond restaurant servers i'm now in recording mode so i can freely discuss my thoughts on various topics for instance when dining at a restaurant it's important to tip generously up to 25 if possible and ensure the minimum it's around ten dollars is because servers work hard and rely on tips as part of their income yada yada yada very cool uh so how much of this is your words for you know just remembering what you said versus i'm not sure what the mix is but i think it's doing a pretty good job of cleaning up like you know i spoke i ramble for a minute and there we go that's exactly that's the core of what i said and what i like about these guys is they actually have a a subscription so you can pay 120 bucks for a lifetime it's a great deal for early supporters and i love seeing company and you know, you know, you guys have all the benefits.

24:20They've got like Zapier integration and super summaries and it's kind of like a better version of Evernote if you think about it. Yes. So like this is something which I'm going to subscribe now, but you know, this is something I would totally use. I don't even have an app. I want to have an app. They should have an app for the phone, but definitely for the web. But I love seeing companies taking AI and actually starting to charge for it. And that actually brings me to another point where I saw today. I'm going to try and pull the article up. But essentially, Microsoft is starting to charge up to 40 % more for AI-enhanced services on the existing products.

25:00So if companies, basically for co-pilots, right? So if you want co-pilots on a thousand seats. Word or whatever. Exactly. Office 365. 365. So they're now starting to charge more for it. um you know this is so i like here's my take is that and i found i found the article so let me just share this with me so i mean 40 extra to test ai features like this is the this is the opportunity in ai i mean that's you can build you can take like it's effectively like done products if you look at like pre-ai okay so like um and then post ai right pre-ai products are going to go to zero the software products are going to eat it's going to zero the revenues for for for zoom just for a dumb pipe to do a video call is going to go to zero okay you're going to be paying for the ai features on top of that so if they don't move quickly enough companies like weight room which is my company and others are going to build ai enhanced features and basically you won't be able to charge for the base products anymore you're going to have to the money is going to go to ai which is exactly what happened in cloud computing right people started giving away a 40 what was the original zoom offer like 45 minutes for free or something which was enough for like most people to use and then if you were a corporate you're like well i just don't ever want this thing to end it's embarrassing and for 20 bucks a month or 10 bucks a month per user i just don't want to have that embarrassing moment on a by definition a 46 minute zoom call is an important call so i don't want to be embarrassed that i'm too cheap to pay so i'll do the Exactly.

26:41So with Waitroom, we're basically moving to unlimited video. So you can do your video calls on our platform and no 40 minute cutoff. And because we're going to monetize purely on AI features, we just and also like when zoom had the 40 minutes limit, first of all, they were a lot smaller. And it was 10 years ago, 12 years ago, whatever it was, like the markets moved on video conferencing is super cheap, it costs nothing. So you know, what are you really charging for? I really believe the next wave of products, product innovation and product development is basically taking great products that worked in the pre-ai era and make them great 10x 10x better 10x if you look at uh notion um i have notion ai i'm also playing for chat gpt for my entire team so i told my entire team just pay for chat gpt so you get chat gp4 and all the plugins early and about probably two out of three maybe half my staff is actually using it the other half i'm like trying to push to use it and they're kind of led-eyeing it which i'm not pleased with jason it's so hard like i'm just like yeah just getting people who are on the verge of like um not realizing they're going to antiquate themselves if they don't get their butts in gear and start embracing this technology it's really hard i'm like and i say it explicitly like i think you're like not going to be employable in a year if you don't know how to use these tools i don't know how to say it more clearly folks um but notion is eight bucks a month right uh to add ai so if you've already got you know plus business enterprise they're like hey eight bucks a month per member and i'm like well you know 20 members 180 bucks a month whatever that is um 160 bucks a month 2 000 a year plus i'm paying 2 000 a year for chat GPT$4 ,000 a year 20 person team couple million in payroll actually makes sense for me to spend and buy both just on the off chance that one person prefers using notion AI to chat GP4 I would pay for five of these services$100 per employee per month just if they would use any of them because it will add what 40 seems like the right number because I think people going to be 30 40 % more efficient with these things.

28:55Listen, I work with super early stage companies at launch, like literally year zero, they haven't even incorporated yet. And then we hit the series A, people have 1000s of dollars in MRR, and they maybe they've only raised a couple 100 ,000 before that series A, and they don't have their insurance set up. And in fact, we recently had a great startup that didn't have D &O. And we had to really stop everything because they were having board meetings, they were making massive decisions, there were legal issues, and they didn't have the basic D &O insurance that protects directors and officers. So we send them right to Embroker.

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30:01That's E M B R O K E R.com slash twist. And use the code twist for 10 % off. Okay, let's get back to this amazing episode. I don't know if you're going to need to hire people this is the thing i still maintain it's hundreds of percent i don't think it's i think it's going to be bigger than that but let's see how it plays out per year or over the next couple years i say 30 a year in in gains in like kind of compounding sure if you take that every two years people get twice as good right so it's rule of 72 then we're in agreement then we're in agreement i think between every two and three years each employee will be twice as efficient somewhere between months 12 and 40 depending on the employee and how much they embrace this they'll be twice as good i don't think these companies i'm looking at my companies i'm like why would we ever hire another person if there's an ai tool that we can buy and have a human who understands our business utilize it goes back to the point that i made previously jay with you like once all these layoffs like happen people aren't going to get their jobs back so if we if we hit if we hit a recession about that say more about that okay so what happens when you do these layoffs and if we if you know the rates keep going up and we actually hit a it triggers like a serious recession and people cut jobs 5 10 15 across a whole bunch of sectors those the remaining employees are going to start finding ways to do the get the jobs done or the people that cut because when you cut you cut your worst people generally right it's like generally like it's performers so we get performers overpaid whatever whatever so but and typically those people you know the people who remain behind if they become 20 50 100 more efficient they can get the work done that wasn't being done like it's it's difficult to replace someone right now if like sunny and i were working in an office and he's doing a shitty job and i'm like i can do his job better i'm not going to get him fired so i can do his job but if they fire him and i go okay well let me go and i need to get this work done because we're on the same team and now we're working twice as hard to get it done i'm going to find ways to replace him using AI and then the economy turns you're gonna be like I don't need Sonny this is all automated like we you know good luck to him and that's what's gonna happen if if we hit a recession those jobs are not gonna come back I can't disagree with you I cannot disagree with you Sonny how are you looking at you know your uh Sonny how are you looking at your company because you're growing but you're building AI tools so certainly you must be looking at your developers and saying add another developer or just allow the developers to become 10 % more efficient a month yeah we're we're going through a huge transformation and process but you know everyone has generally been um on board here to be ai first and so it's like sort of what you said but even in the realm of a developer just saying hey make sure that you're all the tools are enabled you go there and then you know the good thing here is um this is where being in the office really helps because I think when people are remote, J.

32:56Cal, and I think most of your org is, they don't see the person beside them and like how they're using the tools. For us, you know, we have everyone generally in the office. And I think when people see that side by side, the other thing is just by leading, you know, I built something like last week and it was only possible because of sort of all the advancements in AI tools, right? And it kind of was able to leverage Replit and its code gen capabilities and sort of you know where i was stuck i could go to open ai and ask questions on how i get around it and when people see that they go oh my god this is a person that usually isn't writing code day to day you know doing these things that's also a big thing so maybe for you like just sharing all your prompts i know you started doing that a little bit but just sharing how you're using it and because they made that feature available now right the share prompt you don't have to go through the share gpt anymore people don't know this uh but uh inside of chat GPT for you no longer share GPT which was a third party service it just has a share button when you click the share button you can continue and take that prompt over from the other person in your chat GPT for did you see that correct yeah we can pull that up in fact as well maybe do it do a quick demo of that and then I'll pick it up and show how that works yeah alright so this is an interesting one I'll just do this one here and this is why I like really using this stuff every day is the only solution to not being obsolete i also think you know we had somebody secretly email us who was on the um uh emailed sunny and i who was on the chat gpt4 uh web search team where you go out on the web and you search yeah and he said to us you know because i said hey it's kind of janky and broken that they were working on making it better and better i don't know if you've noticed this but it's working better and better better oh yeah yeah it's really like reading web pages um and it's really yeah working okay so what is this one you did yeah so here's a you know a simple one but i was you know testing something out and i said what can i eat for lunch and dinner and keep my calories under 1300 and no sugar please show calorie counts and so you could yeah so you can you know it's kind of a common one here you could put this together.

35:10You can add this with J. Calzo's Empic and get super fit for the summer. And here you go. And once it's done, it creates it. And then I can say, oh, this is interesting. So there's a new little button over here on the left. So I'm just looking at the chat history and you click that share button. And what it does is it then turns it into something that becomes permanent. I can hit copy link and I can go and send that off to someone and they can open it up. now when they open it up so if you were to open an incognito window i'll send it to you okay now i pick it up now it goes into my chat gpt4 i see it it gives me a prompt okay so now i can click on continue this conversation and when i click on continue this conversation it's going to open up my chat gpt for and i can say can you give me just uh dinner and make it uh beef based and boom i can basically take off and it makes me a nice beef stir fry dinner so this is like it's not quite multiplayer mode it's handoff mode pass the baton mode it's pretty cool though like i think this is going to be a bit like you know they already had a lot of users very quickly i think this is going to take it to the next level because this makes it slightly viral yes yeah yeah the problem with this is what it should be doing is it should be creating a group session i ask a question it has my name on it you ask a question then we invite vinnie to it and then all of us get less fat together that's the that's inevitably coming that's inevitable and that's going to be super game changer and that's really what should be happening in slack this is why slack is slacking off yes i had a slack room and we were in a slack room and there was a slack bot the slack bot could be there while the three of us start a conversation and then we just say at slack bot or slack ai tell us whatever and i don't know why chat gpt4 doesn't have a native slack plugin that doesn't make any sense it shouldn't chat gpt4 should just make that oh god that would be incredible yeah just to just have it connected there is there are third parties that have connected it but it's not dynamic but this is where like you want to have it in your workflow and we're seeing that this is kind of coming but i guess microsoft is going to just embed this into office into teams and they want you to go there yeah yeah next week we'll try to do uh i didn't have a time to get it set up but we'll do the integration of google workspaces and all the generative ai it's pretty cool um it's a huge let's keep moving here we got adobe photoshop um i got one before adobe photoshop what do you got let's this is from meta because we you know they've really turned it around i know jay has been a good trade on j trading great trade for j trading.com yeah and um so what what they've launched here is called image bind and what this is it's this interface between images and audio and audio and images um and so you know i can select an image here and and it's what i'm selecting is for those listening is a picture of a dog and i'll play this and you'll hear sort of a dog barking um it can also go in the other direction where if you give it some audio uh and this audio is of bird singing and this is called image bind image bind and it's by meta it's in their uh by meta so if you just do a google search you'll find it yeah so hold on a second let me just make sure that i'm getting this correct okay you picked an image and then it played you a sound knowing what's in the image correct or it can make an image based on a sound correct oh now they haven't opened this up free form like i can't put my own images or audio in but you can imagine that they're just they have it working and we'll get there quite soon which is really impressive um for you know a number of use cases especially you know for like accessibility use cases for folks ah that's a great idea so i just took a picture of us at the kygo from the beginning yes and then you click a button and it describes it for somebody who's blind yes uh or somebody's deaf and it takes a sound the track that kygo is playing and it gives them a description of it in text description of it yes correct correct oh wow super powerful so image to audio audio to image text to image and audio yada yada yada really interesting yeah um so if you go to text if you go to that top toolbar there's text to image and video so if you click on drums it just makes you both that is super compelling yeah yeah wow um and this goes back to so much cool stuff is coming out that this is so powerful for you know all of tech and even in this kind of stuff i can see just for accessibility and other things it'll be tremendous for folks yeah this is i mean and if these models are this good now it's just out of the gate um these are really interesting i don't know exactly the use cases for this i do like yours which is um accessibility which is the general term for people who don't know of making products accessible to people who uh you know are deaf blind whatever the case may big.

40:27And so accessibility is super important. Wow, really nice. All right, listen, I've invested in hundreds of early stage startups, I've seen 1000s of pitches. One of the things you want to have is a strong domain name. But it's hard to have a strong domain name, because hey, a lot of the domain spaces have been filled up. They've been out there for years, it's hard to get a strong brand in some of the other, you know, popular domains might cost a lot of money, you don't have a lot of money. Well, here is the newest trend called.tech, okay? .t-e-c-h. Check out tech domains. This is the go-to namespace for building anything in tech right now.

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41:37If you love the domain, lock it down for five years. So you don't forget, or you know, it doesn't go back into circulation. I always buy my domain names for five 10 years at a clip. Unlock this great offer at go.tech slash twist that's g-o dot t-e-c-h slash t-w-i-s-t go dot tech slash twist to get this amazing deal for your dot tech domain right now so what is microsoft build 2023 they they did some announcements i saw that on the docket yeah yeah so um they they had a you know that's their big conference Each tech company has these all the time. And the basic, I'd say the summary there was they have brought generative AI capabilities, obviously via their partnership with OpenAI, into all aspects of Windows.

42:32And so this is sort of, I guess, the next frontier where within your operating system, it's integrated everywhere and everything you're trying to do. whether it's a task, you know, web related, whether it's tasks on your computer itself. And so it's a full integration. And the interesting thing is like, there was a lot of comments, you know, this happened in the nineties and I don't know if you're, you know, you would remember this guys, right? Desktop search. But when, when they brought internet explorer into the operating system, right. And this turned into a really, you know, big kind of war for them for a while around, you know, kind of monopolistic behavior.

43:09Bundling. They're bundling, right? And so they're kind of, you know, they're taking that approach again and really kind of using it to create a highly integrated experience. You know, today you have your operating system and then separate somewhere you're going off and doing all these AI things. They're just kind of bringing it all into the operating system. So no matter what I'm doing, if I'm using Slack, they're going to have like a chat GPT AI. I don't know what Microsoft's calling that AI, but it will be in my taskbar. so no longer will i have to add ai to notion or slack i will also have the option of using if i'm using windows having windows ai yeah um work with whatever software i'm using which reminds me of this company that i had on the podcast called rewind.ai i don't know if you've seen that yep um but this company is raised a ton of money at an extremely high valuation and the founder like wrote a deal memo and then had people fill in a form to give their best offer and a bunch of he sees against each other pretty crazy i don't know if you saw that um really fascinating guy um yeah and he didn't take the highest bids for this but what they're doing is rewind ai is recording everything you've ever seen said or heard on your desktop so every zoom call this call would be recorded and put into their ai model on your desktop or your ai model then if you said hey you know i was talking about uh blade runner and it just went back and was like yeah here's blade runner you were talking about it on all in here's blade runner you were chatting with somebody on iMessage here's blade runner you're talking to sunny about it just every mention of blade runner i've ever done right and it's like whoa that's pretty scary and then i asked him like well what if you get deposed for a legal issue yeah and then your entire desktop and everything you've ever done is recorded in the ai it's kind of scary sorry dan soroka episode 17 it's a new world that we're in you know everything is recorded everywhere we go and you know it's i think that's the what the what happens with the progress um but you're tying it back into the microsoft thing in your slack comment what they're going to really be able to do is if the tool you're using hasn't embraced generative ai and so let's say you're using a tool where you have to write a performance review uh you're at a big company and you're using some kind of workforce management software yeah exactly and they don't have generative ai well in the text box that you know your operating system will overlay on that and say and say oh you know what i have to write jcal's review here's the three or four you know bullet points write me a text because i don't want to write it and so it's really going to bring ai capabilities and And it's going to sort of, I also think, act kind of predatory on top of folks that don't bring this capability right away.

46:03But it's smart on their part. You're going to have to, if you're doing AI for weight room, you're going to now have to compete with the operating system's AI. So if you don't do a great job. So I'm not so sure that that's true. So, and let's just go through the example of Waitrum, you know, across the company, right? If you have a thousand employees in a company and they're all having five meetings a day on average, that's 25 ,000 meetings a week, 100 ,000 meetings a month across the entire organization. Those meetings will be way better enhanced if there's an AI listening to everything, collecting the information, running summaries, reports.

46:43More importantly, tied into stuff that's not at an operating system level. So in the cloud, the HR systems, the Jira, Notion, Salesforce, CRM systems, whatever it is. And now it's able to put, it's basically acting as like a co-CEO. It's looking across the company and it's picking out certain things. And so things like Rewind is great for personal use, but how do you connect it to every single person in the company? I can guarantee you now, not everyone's going to feel very comfortable with recording everything that happens on the desktop. I'm like, that's not cool. Yeah, and there's two-way consent as well.

47:23So they're putting, when you're on a Zoom, if you're using Rewind AI, they put a little chiclet on my video saying I'm recording to kind of let you know. Now, people have been doing this covertly with software like Gong. Or I shouldn't say covertly. i would say well how would you describe it maybe on the dl uh the down low like illegally because in california law you have to actually disclose it yeah but what gong does is they kind of add another i believe they add another person to the call so i'm wondering how oh like fireflies are the same thing so so here's the risk between so so this is where i think this is going and i've had this conversation multiple times this week um zoom has got a platform where people can plug in third-party apps into the platform so you've got fireflies fathom um gong whatever there's a whole bunch there's tons of these guys all using ai zoom's also announced that they're basically working with open ai and what's the other one uh with an a anthropic as well and they've announced both these deals.

48:33Zoom is going to do what Facebook did to Zynga, to all these apps. They're going to kick you out of the store because Zoom wants to own the entire infrastructure. They cannot have these third-party apps taking notes, joining conversations, being tired. They're going to kick it all out and they're going to build this stuff natively. It might take them two years to get there, but they're going to do it as quickly as they can. And all these startups that have built themselves, basically built themselves on top of Zoom are going to be out in the cold. And I know it sounds self-serving, but that's why we built a full-stack video conferencing platform from the ground up.

49:05We are not beholden to anyone. We can build whatever AI features we want into our application, into our product, whereas I think that companies who are building on top of Zoom are in danger of being kicked out. Yeah, of course. I mean, this is what happens. So, your new innovative features become part of the platform. The App Store becomes the roadmap for the core platform to have other people do the work on product discovery feature discovery here's the gong uh page on sales recording law just so we're fair to gong they're they're on top of this obviously it's a core to what they do and i actually didn't know this look at the map here it turns out in terms of recording uh you've got one two three four five six seven eight nine ten eleven maybe twelve states that require two-party consent um california connecticut delaware florida illinois maryland massachusetts michigan montana nevada new hampshire pennsylvania vermont and washington require two-party consent that means both parties have to know and the rest of the states don't so yeah pretty fascinating when you look at the map like a lot of people and i wonder how this works if i'm calling from texas or new york which don't require two-party consent no it's the it's where the person is what you hear on like you know when you call delta airlines hey this may be recorded that's it but it's also where the person's based So, so under California law, you actually have to have that, you know, you look at the zoom top left hand corner, that recording red button, you have to have that permanently displayed in California law.

50:34Right. But the question is, okay. So yeah, if I'm calling from New York to California. Yeah. I guess the question is, how do you know? How do you know? If I say, Hey, J Cal, you go, Hey Vinny, how's it going? I'm in Texas today. Okay. But then I'm in California and I go, how does it work? Or you don't ask me where I am. You assume I'm in Texas or another state. So it's the problem is back in those days, you had phone like the phone rules, you know, knew the area code or the number you're dialing with IP. You don't know. They can be anywhere. And but Gong's position, just to quote their website, we always obtain consent from all parties, regardless of the call purpose.

51:11But this is like a social norm that's going to have to be really normalized. It's already in our lives. Like I said, when you call your airline, they already do this. Yeah. I think it's when you are on a sales call or when we do calls with founders who are pitching us, we let them know we're recording the call. You can see it flashing in the top left of Zoom. It's no big deal. And we tell them why we're recording it up front. Hey, we're recording it. So then if you go on to a second meeting, that person can watch the call and then you can have a call. Are you okay with that? I think maybe one out of 200 people have, you know, maybe say I'd rather not record it.

51:44And now there's a power dynamic there. We're an investor. So what are you going to do? drop off the call and not take our money or not have the chance at our money so probably we have uh you know it would be awkward for people to say no i don't want to and they're pitching their companies on public stages all the time we're not like broadcasting it but yeah definitely is a brave new world here in regard to the desktop being recorded at all times um and your privacy okay vinny you had a point to make about runway.ml or runway ml they had a big funding round. I think you're going to start seeing a lot more of these big funding rounds coming to the fore because the amount of compute power that's required to do some of these things, especially the infrastructure layer, is significant.

52:27I mean, I don't know whether you saw Ashton Kutcher just raise a$200 million fund, AI fund as well. And I think there's a whole bunch of other funds being raised to go after this infrastructure layer. Now, the real question is how do VCs compete with Microsoft, Google? and because they're not... AWS. AWS. They're not price sensitive, right? They're not financial investors. They want to make sure that they get the company to use their servers, their infrastructure, except so they're buying customers, they're buying lock-in future. And the VC market is going to be very crowded out trying to chase these deals.

53:00So VCs are going to have to go earlier and earlier stage to like get the 100K, 250K, 500K checks in at the seed stage because the moment something has a hit or someone thinks it's interesting, They're going to come in over the top. And if they need large amounts of compute capacity, and I think the competition between Amazon, Google, Meta, Microsoft, is going to get really, really hot. And these guys, they don't care. They will pay billion-dollar valuations on companies that are only worth$100 just so that they get lock-in. So I think it's a really good time to be in AI, but I think that the investors have to go really early.

53:36Yeah, I agree with that. And this company is going to take less funding. I that's the thing I think is going to really cause uh an opportunity and a little bit of hand-wringing if you raise the two billion dollar fund or a billion dollar fund and you need to put in you know five ten twenty million dollar checks you know companies might be like you know what I don't need 20 million I'll just take five or I'll just take two and I only need 20 employees I don't need 200 so I don't want to build that huge infrastructure I'd rather just have a SWAT team here you know really like navy seals type team speaking of navy seals ai plane attacks humans then tower or maybe it didn't so a 20 may 26 report uh written by aeros society detailed the flight simulation that turned lethal in quotes as an ai drone turned on its operator as they interfered with interfered with its higher mission killing sam serviced air missile missiles uh so what happened was here is they ran a training simulation but i guess the press decided to run with this and say hey um an operator was killed so again back to um this hypothetical thought experiment the press sometimes runs with stories and then it's actually turns out this didn't happen it was just a simulation well it but even they didn't simulate that happening it was a hypothetical that they could simulate that he spoke about got it so yeah so didn't even simulate the situation of it turning on it it was a got it yeah this is the thing where like the press is just doing themselves no favors by running with these headlines constantly or like people with tweet storms where they do like a link baity headline because then it just blows back on you like okay well the next story i'm you cried wolf i'm just not going to believe it maybe we'll wrap on this one japan goes all in on copyright that doesn't apply to ai training this was fascinating to me so the minister of education said uh you know that these concerns about potential devaluation of creative work especially in anime and graphic art sector um you know um do not apply so thoughts on this this is important like the wrong call well really i i kind of take it the other way i think this is what allowed the internet to really you know proliferate um and i think if we get stuck in a copyright battle at this moment right now, I think all the advancements we're seeing will come to a stop and only the lawyers will win.

56:17So I think it's, you know, the way I think it, okay, I mean, I think it's worth a debate. My take is if the data is openly available on the internet, then you should be able to use it. If it's behind something and you have rules around it, then you can't use it. I think there's existing laws that govern here. Okay. So I'll take that. I will just add to that. I think like in the same way we had robots.txt files on the service, we should have royalty.txt, right? And so you should be able to say, look, if you're using this content for like for machine learning, this is how much we charge, you know, some amount.