We're all Jerome Powell, Apple and Google Make it Official, Anthropic Health Care | Diet TBPN

Diet TBPN delivers the best of today’s TBPN episode in 30 minutes. TBPN is a live tech talk show hosted by John Coogan and Jordi Hays, streaming weekdays 11–2 PT on X and YouTube, with each episode posted to podcast platforms right after. Described by The New York Times as “Silicon Valley’s newest obsession,” the show has recently featured Mark Zuckerberg, Sam Altman, Mark Cuban, and Satya Nadella. TBPN.com is made possible by: Ramp - https://Ramp.com https://ramp.com/ AppLovin - https://axon.ai https://axon.ai/ Cognition - https://cognition.ai https://cognition.ai/ Console -https://console.com https://console.com/ CrowdStrike - https://crowdstrike.com https://crowdstrike.com/ ElevenLabs - https://elevenlabs.io https://elevenlabs.io/ Figma - https://figma.com https://figma.com/ Fin - https://fin.ai https://fin.ai/ Gemini - https://gemini.google.com https://gemini.google.com/ Graphite - https://graphite.com https://graphite.com/ Gusto - https://gusto.com/tbpn https://graphite.com/ Labelbox - https://labelbox.com https://labelbox.com/ Lambda - https://lambda.ai https://lambda.ai/ Linear - https://linear.app https://linear.app/ MongoDB - https://mongodb.com https://mongodb.com/ NYSE - https://nyse.com https://nyse.com/ Okta - https://www.okta.com https://www.okta.com/ Phantom - https://phantom.com/cash Plaid -https://plaid.com https://plaid.com/ Public - https://public.com https://public.com/ Railway - https://railway.com https://railway.com/ Ramp -https://ramp.com https://ramp.com/ Restream - https://restream.io https://restream.io/ Shopify - https://shopify.com https://shopify.com/ Turbopuffer - https://turbopuffer.com https://turbopuffer.com/ Vanta - https://vanta.com https://vanta.com/ Vibe - https://vibe.co https://vibe.co/ Follow TBPN: https://TBPN.com https://tbpn.com/ https://x.com/tbpn https://open.spotify.com/show/2L6WMqY3GUPCGBD0dX6p00?si=674252d53acf4231 https://podcasts.apple.com/us/podcast/technology-brothers/id1772360235 https://www.youtube.com/@TBPNLive

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:01John Coogan?

  First, we gotta pay our respects to the big man Jerome Powell.

• 0:05Jordi Hays?

  Pull up the anthem.

• 0:07John Coogan?

  The anthem.

• 0:08Jordi Hays?

  This is this week's anthem.

• 0:09John Coogan?

  This is.

• 0:10Jordi Hays?

  We've been blasting it all morning here in the studio.

• 0:13John Coogan?

  Yes, it is.

• 0:14Jordi Hays?

  It will make you emotional.

• 0:16John Coogan?

  It's a very emotional song. It.

• 0:19Jordi Hays?

  So, trigger warning.

• 0:19John Coogan?

  I guess it's AI-generated, but it hits.

• 0:39John Coogan?

  Yeah, we should have gotten the lighters for this, for sure.

• 0:44John Coogan?

  Of course, this is on the back that the New York Times reports that federal prosecutors have opened a criminal investigation of Jerome Powell.

• 0:54John Coogan?

  He took to the.

• 0:58John Coogan?

  He, Jerome dropped a video explaining his side of the story. But instead of playing that, we're playing this.

• 1:07John Coogan?

  Jerome Powell.

• 1:21John Coogan?

  We are Jerome Powell.

• 1:26John Coogan?

  I didn't want to cry at the office today, but it's happening.

• 1:31John Coogan?

  Oh, what a story. Powell says the Justice Department served the Fed with subpoenas. Federal Reserve Chair Jerome Powell said the US Central Bank has been served grand jury subpoenas from the Justice Department, threatening a criminal indictment related to his June congressional testimony on ongoing renovations of the Fed's headquarters. In a statement released Sunday evening, Jerome Powell rejected the notion that the action was driven by his testimony or the renovation. Joe Weisenthal has a post here. He said Powell confirms the Fed has been served subpoenas from the DOJ.

• 2:04Jordi Hays?

  Watching Sunday night, I'm all excited, right? One more sleep until Monday. And I pull up this video. I've got to watch Jerome.

• 2:14John Coogan?

  Two-minute talk. He's innocent.

• 2:15Jordi Hays?

  Yeah, yeah. I mean, really, really dark moment. Who's funny? Buco. Buco Capital shared, like, if it's illegal to run over budget on a remodel, my wife's getting the electric chair.

• 2:28John Coogan?

  You didn't give me the punchline when you said that the first time, but I knew where it was going.

• 2:32Jordi Hays?

  People have been standing up, standing up for...

• 2:34John Coogan?

  In standing up for, for the Federal Reserve Chairman and fortunately, I mean, the, the administration sees these. They, you know, we know that they're very online and they see the support. So we'll see where the story evolves.

• 2:45Jordi Hays?

  Hoser says, "Like if you would let Jerome Powell crash on your couch for a few months."

• 2:50John Coogan?

  AI is really at its best when you need a bunch of, you know, memes and images generated around a current thing.

• 2:57Jordi Hays?

  You just created a million central bankers.

• 2:59John Coogan?

  And Jordy said this to me, I just burst out laughing so hard.

• 3:03Jordi Hays?

  Fed Chair, probably one of the worst jobs on earth if you care what other people think about you, right? Because it's just like every, you know, all the time, people just have this massive fixation on, on you and they're going to form an opinion immediately. But in this case, I've never seen people so united around, which is heartwarming.

• 3:23John Coogan?

  And it is, it is weird because like the, the prediction is that there will not be another rate cut in January. There's a lot of people that would benefit from another rate cut. If you're, if you're long the market, you would probably benefit. But I think people do, are generally still fans of Fed independence and they want Jerome to do whatever's best based on the facts and the data and the unemployment and inflation. Merrick says, "Absolute insanity. The Department of Justice just served the Federal Reserve Chair with a grand jury subpoenas threatening criminal indictment over a historic building renovation." Interestingly, I, I don't know that the details of this building, but it's not like the White House where he lives there, right? It's like, it's just, it's a workplace, I assume. It's not like it's his personal house. Jerome Powell is appealing directly to the American people and bluntly stating that the criminal charges are not about Congress's oversight role,

• 4:08John Coogan?

  but rather about the Federal Reserve's independence in setting the interest rate. American equities traded at a premium because of our respect for law, accountability and central bank independence. Public service sometimes requires standing firm in the face of threats. I will continue to do the job the Senate confirmed me to do with integrity and commitment to serving the American people on a Sunday evening before market open.

• 4:29Jordi Hays?

  Yeah, I think everybody expected last night for things to happen, of course. Nothing ever happens, but... We'll see. In some ways, this this will just give the DOJ and the admin more confidence in their decision. Although they did come out and say like, uh, the White House had nothing to do with it.

• 4:47John Coogan?

  Yes, yes. Trump said, I'm not pressuring. He said something like, I wouldn't even think to pressure. What are you in for? I gave imprecise information to Congress about the scope of renovations to the Federal Reserve's HQ.

• 4:58Jordi Hays?

  Trey in the chat says the funniest thing is the Fed renovation is self-funded. Bubble Boy says, I'm willing to die for the Federal Reserve. So he is Jerome's strongest soldier.

• 5:09John Coogan?

  A lot of people are coming out in favor of Jerome Powell.

• 5:12Jordi Hays?

  How watching stocks turn green after thinking the market would defend him. The tough thing is like, if you assume that, uh, uh, rates are come gonna come down, like you don't exactly want to sell assets, or you want to own assets.

• 5:26John Coogan?

  There's this weird dynamic where you might not like what's happening politically, but there's a big difference between what should happen and what will happen. Positive and normative analysis. You could be like, I don't like the fact that, you know, the Fed's gonna be less independent, but if it means that interest rates are gonna come down, then that's bullish. That's a bullish catalyst. And so you wind up going long. Marco Rubio is finding out he has to be chairman of the Federal Reserve. I haven't followed the Marco Rubio meme too closely. I just know that he has a lot of jobs or keeps getting tapped for things. And so I've seen him in an astronaut outfit. I've seen him in, you know, different Venezuelan memes. I, I, I don't exactly know where this all came from, but I, I'm, I'm familiar with the concept of Marco Rubio doing everything, I guess. I don't really get it.

• 6:06Jordi Hays?

  Yeah, it's somewhat depressing because it just means like, if you're in the, if you're in the inner circle, you're gonna, you're gonna be, uh, you're gonna get a lot of responsibility. And if you're out, you will eventually get the, the laser beam of the admin.

• 6:18John Coogan?

  Uh, well, gold is through the roof today. Joe Weisenthal hosts a chart. Gold jumped from, uh, 4510 to 4585. Not a huge move, but a huge move for gold, of course. Um, so people are bailing on the US dollar potentially. Silver's also up, says the Kobe SE Letter. Silver surges above $85 an ounce for the first time in history. It's already up 19% in 2026. Uh, there's been a number of, uh, hard tech founders have commented on the fact that silver is actually more of an important material than gold in manufacturing, the semiconductor supply chain, a lot of different, uh, AI supply chains. And so there, there's an interesting narrative of like the knock on effects of high silver prices.

• 7:02John Coogan?

  The Apple Vision Pro is in the news because Apple Vision Pro announced you can now watch a full NBA game in the Vision Pro, not just a little highlight reel, not just a trailer. And Mark Gurman asked the question, is the total addressable market for watching tonight's Lakers game in the Apple Vision Pro just me, or is anyone else tuning in?

• 7:25Jordi Hays?

  Have they ever done this before?

• 7:26John Coogan?

  They've never done a full game. So they've done MLS highlights. You could watch like an eight-minute summary of an MLS game that had a ton of different cuts. A lot of people were not fans of that.

• 7:37Jordi Hays?

  This release cadence needs to be studied.

• 7:39John Coogan?

  It's crazy. And I mean, that's what Ben Thompson wrote about today in Stratechery. He sees all this as like crazy own goals, a lot of really obvious things. Also, the reason that you see this video so grainy like this. So Mark Gurman loved it in the headset. He said, it's absolutely wild. It's like watching courtside. Trunk Fan has the video here. You can't record what's happening in the headset. You can't just steal an NBA game. Because, so you need to like put your phone up against it and you don't really experience it here. Because for DRM reasons, you can't just pirate it. You can't just record what you're seeing. So the actual experience is better than this. I actually went to the Apple Store yesterday to try and pick up a Vision Pro to experience this,

• 8:23John Coogan?

  and they were sold out. And I don't know if that means that they were just like not expecting to sell anymore, so they stopped stocking them. But they didn't have one.

• 8:30Jordi Hays?

  The real review would be getting the Apple Vision Pro, going to the actual game, getting the ticket right next to the system that they're using, and then just having the headset on and taking it on.

• 8:42John Coogan?

  At the game?

• 8:43Jordi Hays?

  Yeah, at the game. You want to see how real it is.

• 8:45Speaker 02

  What would you do? So, this is cool because it's like emulating like what is happening in real life. But in VR, you can do like, things that like you couldn't do in real life. So like, I want to see, what is the point of view, like if I'm the ball?

• 8:57John Coogan?

  You'd probably be so motion sick.

• 8:59Jordi Hays?

  I want to be the ball.

• 9:00John Coogan?

  That sounds terrible.

• 9:01Jordi Hays?

  You know ball.

• 9:02John Coogan?

  To be the ball.

• 9:03Jordi Hays?

  I know ball.

• 9:03John Coogan?

  Ben Thompson wrote about this because he's obviously a huge NBA fan. Also, he's a Milwaukee Bucks fan and the game was the Lakers versus the Bucks. So this is like a royal flush of like the sweet spot for Ben Thompson analysis. He had to jump through VPN hoops to watch the broadcast because it was only available on Lakers home market, which is California, also Hawaii, and I think one other state. So it's somewhat tricky.

• 9:27Jordi Hays?

  You can't.

• 9:28John Coogan?

  You, no, no. If you're in New York and you had a Vision Pro, you could not watch the Lakers play the Bucks unless you had a VPN. Yeah, there's a lot of details here.

• 9:38Jordi Hays?

  And that's a huge detail.

• 9:40John Coogan?

  I know, I know, I know.

• 9:40Jordi Hays?

  Like I have this, I have this $3,000 device.

• 9:43John Coogan?

  Yeah.

• 9:44Jordi Hays?

  That is just gathering dust.

• 9:45John Coogan?

  Yeah.

• 9:45Jordi Hays?

  And then you make this big deal about this amazing experience that I can have. And then if I'm not actually within the area that the game is actually taking place, I can't.

• 9:54John Coogan?

  Yes.

• 9:54Jordi Hays?

  I can't experience it. What's the point of VR?

• 9:56John Coogan?

  So there, there are a lot of reasonable critiques like that. Ben puts a lot of those in his piece. I think that there are logical reasons. I don't think Apple is dumb. I don't think they just made a mistake. I think these are all contract negotiations. And when we look at the history of sports and transitions through various eras of broadcast and new technologies, I think their decision making makes a little bit more sense, even though I agree from a user experience perspective, what you're saying, what Ben Thompson is saying makes a ton of sense. So Apple clearly reads Stratechery. They've sent him multiple headsets. He bought his own, but they said, they keep sending them to him being like, hey, you should try it. Like we're coming out with something new. So they've sent him the new one, the M5 Vision Pro. And, and he was ready to, he was ready to watch this.

• 10:40John Coogan?

  He was ready to love this, but he was very disappointed because it, it, it cut from one scene to another. And so that takes you out of the experience. He says, do away with all of the pre-show, special announcer, post-show content. Just let me put on the headset and if I put it on 30 minutes before the game starts, I'll just watch the players warm up. And then you don't need any overlays because if I want to know the score, I'll just look up at the score. You're in the theater. Like people pay a lot of. Money to sit courtside and they're not like, oh, I also

• 11:09Jordi Hays?

  I'm having a bad experience because I

• 11:11John Coogan?

  Please, please do give me an iPad with the score. No, no one cares. They just look at the score. They hear the audience. If there's, if, if something great happens, they hear the roar of the crowd. They see everything. They can even look up at the screen and usually see a replay if they need to. And so all of that should be possible with just one simple Apple immersive camera rig. Streamed the whole game and that's it. Instead, they did four different camera angles. They're cutting between them. And every time they cut, you get kind of like, whoa, where am I? Like I just teleported. It's weird.

• 11:41Jordi Hays?

  Yeah.

• 11:42John Coogan?

  So Ben frames this as, he calls it Apple. You still don't understand the Vision Pro. He's like taking shots at them. And I titled my piece, Apple, they actually do understand the Vision Pro. And I think they, I think they, they've heard his response. They clearly read his piece. He wrote about this maybe two years ago when he got a demo before it even came out. And he said, the secret to success with this product will just be put a camera on the field. Let me sit there front courtside. That's it. No editing, nothing else. And then every time they delivered him something that was edited, he wrote a piece about how bad the editing was and how you don't need that and just let me, let me sit there. And so my question was, there's no one that really disagrees with Ben. Like Ben comes out and says these, these things. Every time there's an Apple Vision Pro piece of content that comes out,

• 12:25John Coogan?

  he comes out and says, too many edits, too many cuts, just let us sit there. And there's not like, there's a lot of people that are like, Ben's wrong. Actually, I love the edits, more edits. Like they need to be even correct.

• 12:34Jordi Hays?

  Well, to be clear, no one's talking about.

• 12:36John Coogan?

  No, I'm talking about, except for Ben, basically. So they should clearly listen to him. And no one's arguing that Ben's wrong. But my question is like, why on earth isn't Apple doing this? Why, or at least why haven't they made it an option? Like they have the single camera there. They could just be like, do you want to watch the edited version? Or do you want to watch just the normal, just sit there in the seat version? And then Ben would be happy and he'd be writing a glowing review right now. Instead, Apple's not giving what Sir Tekor wants and they're feeling the pain because they got, they got, they got an article that was not very, not very complimentary to them in the experience. I think that this actually has less to do with the technology, less to do with the creative direction and the directorial vision within Apple,

• 13:18John Coogan?

  and more with just straight up contract negotiation. I went back to 1947. So TV adoption, I didn't realize this. TV adoption went through a fast takeoff. In, from 1947, there were 16,000 TV sets installed in America.

• 13:34John Coogan?

  Eight years later, it was thirty-two and a half million. It's like completely asymptotic, completely fast takeoff. So the technology trend was clear, but there was still financial risk to getting the timing wrong for your league. The NFL is obviously a huge beneficiary of TV today. They make a fortune from the Super Bowl ads that are extremely expensive. But in nineteen forty-nine, the Los Angeles Rams, because the Rams are in LA now, but they went to St. Louis and then they came back, but they were in the Los Angeles in nineteen forty-nine, they sort of got wrecked because they jumped too early. So the NFL had gone to all the franchises and said, "All the teams, we're giving you the permission to sell your broadcast rights this year, this season.

• 14:17John Coogan?

  If you want to put your particular teams' home games on TV, you can do that. You can go out and negotiate. You can sell those. It's an option."

• 14:25Jordi Hays?

  Yeah.

• 14:26John Coogan?

  And the Rams said, "Yeah, we'll do it. We'll take the jump." They were the only one that did it, and it sort of makes sense since they're in LA. There's a lot of production people here. It would be a natural.

• 14:34Jordi Hays?

  They were a little too TV-pilled.

• 14:35John Coogan?

  They were extremely TV-pilled and they got burnt. So attendance dropped significantly. On an inflation-adjusted basis, they lost two and a half million dollars of today's dollars. And so the Rams had to go to all the sponsors that sponsor the TV broadcasts and say like, "Hey, can you just make us whole because we're going to go out of business?" And they did, and the sponsors basically paid the Rams for the difference in what they had taken in ticket sales. But it was not a good, it was not a good outcome. Although the NFL eventually got through all of this and figured it all out, that was not the case for minor league baseball. Minor league baseball, attendance at minor league baseball events, minor league events, peaked in nineteen forty-nine, right during the TV install base fast takeoff.

• 15:18John Coogan?

  Forty-nine million people went to little, went to minor league events that year in nineteen forty-nine. By nineteen fifty-seven, the total had dropped to fifteen million. So it actually did wreck the minor leagues in terms of like their business model, and they never really recovered. The job of a league commissioner is to get the transition right. Like, if you transition too early, you'll have a really, really bad year while everyone just says, "Hey, I can just do the new thing, the new technology. I don't need to buy the tickets." If you do it too late, other leagues might have... Figured out their contracts, their ad sales, their broadcast rights, all this other stuff. So Adam Silver, the commissioner of the NBA, who we learned about through his connection to Josh Kushner, of course, he said, I think it's my job to incentivize our partners to be able to look out into the future.

• 16:03John Coogan?

  He's not saying, hey, my job's to get everyone out of the stadiums and into VR headsets ASAP. The end result is like, there is a separation between immersive rights and presence rights. So there's broadcast rights and effectively they're using the same framework. So when they sell a broadcast right, they're not selling the right to, they're selling the right to broadcast with an announcer, with multiple cameras, with different cuts and edits. They're not selling, you're teleported into the stadium.

• 16:33Jordi Hays?

  Yeah.

• 16:33John Coogan?

  And that's something that they might sell, but they haven't sold yet. I think they're deliberate about this. And so I think when they went to Apple, they said, yes, we can do something. Cause they did a deal with Meta and you can watch a number of NBA games in the Meta Quest. And it's the same thing, they cut around, even though, and the reviews are bad. Everyone says it sucks. And so it's obvious that the tech companies should, you know, Google, how did people like this? And it's obvious, no, no, people don't like it. But I think the NBA is holding fast that they're like, no, actually our courtside seats are really, really, really expensive and we want to keep it that way. We don't want, we don't want it to be substitutive on day one. And Ben Thompson, when he first wrote about the Apple Vision Pro, he said, I would pay thousands of dollars

• 17:15John Coogan?

  a year for an NBA league pass that allowed me to in VR, sit courtside.

• 17:22John Coogan?

  And that's less money than courtside seats to every single NBA game, which is effectively what you're selling. So there's, there's financial risk there. I think it can work out. I think that there's a deal and there's a price and there's a number. The install base gets to this level and you price it at this level and.

• 17:37Jordi Hays?

  I think they're too, I think in some ways they could very easily be two wildly different consumers.

• 17:42John Coogan?

  Yeah.

• 17:43Jordi Hays?

  Like Ben is probably like. Ben Thompson knows ball. He wants to, he wants to be able to watch courtside for the love of the game.

• 17:50John Coogan?

  Yep.

• 17:51Jordi Hays?

  Whereas, somebody that's going courtside at the Lakers or the Knicks, they're going there to be seen watching courtside, right?

• 17:59John Coogan?

  A little bit of that.

• 18:00Jordi Hays?

  They're willing to like, you're not just paying to watch basketball, right?

• 18:03John Coogan?

  Sure, sure, sure.

• 18:03Jordi Hays?

  Because you could pay like, you know, a fraction to sit a couple rows back.

• 18:06John Coogan?

  Yeah.

• 18:07Jordi Hays?

  You're paying to be sitting courtside.

• 18:09John Coogan?

  The other interesting angle is, is this like region lock thing? It almost feels weirder to allow someone in Los Angeles to watch the LA Lakers play? Because they really could just buy a ticket and go down to the stadium. But maybe you should actually be trying to get...

• 18:27Jordi Hays?

  That's the whole point. If you're, if you're like a diehard Lakers fan, but you don't live in Southern California? And then somebody says, hey, with the Apple Vision Pro, you can watch it, like you're courtside. That's great.

• 18:38John Coogan?

  Yeah. What you actually want is like, Ben Thompson's in Milwaukee. He loves the Bucks. But they're playing in LA. He's not gonna buy a flight to go courtside in LA. And so you let him experience that game. And then when they're back in Milwaukee, he can go get the courtside seats in his hometown. So you almost want to do the inverse region lock, something like that. I don't know. What do you think, Todd?

• 18:58Speaker 02

  Wait, so is that deal where it's just a broadcast, not the actual like livestream? Is that basically every single league? Like, can you do the same thing in F1?

• 19:05John Coogan?

  So...

• 19:05Speaker 02

  Because that's also like, I feel like that'd be, everyone wants that. You're in the, you're in the cockpit.

• 19:09John Coogan?

  So, so every deal is unique and there's no, there are some, there are some laws around sports broadcasting and that sort of solidified like the blackout periods? And made some of that, defined some like legal language around that. But really, it's up to the leagues to decide how they negotiate these contracts. Whether every game's available, only home games are available, region locking blackout dates. There's all sorts of mechanics where, for, for, I don't know how true this is today, but I know that if you have a home stadium and it's full, then you can be much more permissive with the broadcast rights because you've sold out all your tickets.

• 19:49John Coogan?

  But if you're, if you're not selling out the stadiums, then often you won't broadcast as much or you can't broadcast as much. So you'll, you'll be in your hometown and you'll go to watch the game and it won't be broadcast because they want you to just go buy a ticket. And then, and then the equilibrium, like the clearing, the market clearing price is that people that are on the fence who are like, I really wanted to watch the game. I can't watch it here. I'll just go buy a ticket. And then over time, you fill it out. Yeah.

• 20:14Jordi Hays?

  John, you're gonna be very excited about this.

• 20:16John Coogan?

  Please.

• 20:16Jordi Hays?

  Ben Thompson's gonna join the show.

• 20:18John Coogan?

  Really? No way. Amazing.

• 20:22Jordi Hays?

  Someone in the chat earlier said, uh, you're Ben Thompson's biggest fan.

• 20:26John Coogan?

  I am.

• 20:27Jordi Hays?

  And you are.

• 20:27John Coogan?

  I am.

• 20:28Jordi Hays?

  We are.

• 20:28John Coogan?

  That's amazing. Maduro. We're back in politics land, but don't worry, not for long because we're going into watch land because he was caught rocking a Chaparral Ganesh. A fantastic Indian watch that, uh, is incredibly, incredibly detailed. Look at all these different Swiss made. This is a crazy. I feel like this is sort of a lost art, you know, maybe Mark Zuckerberg should get into this, uh, wear a watch that has Sweet Baby Ray's on the dial. The Sweet Baby Ray's Chaparral dial might go incredibly hard. Also, it was the Golden Globes. I know Jordy didn't watch because you probably haven't seen any of these movies, uh, but they, they did it

• 21:09John Coogan?

  in fact, happen yesterday. Uh, Rob Report has some images of the best watches at the Golden Globes. If the Golden Globes were any indication, subtle is officially on hiatus, says the Rob Report. This year's red carpet made a strong case for statement watches with bold dials.

• 21:27Jordi Hays?

  Did we kind of call this originally with the show?

• 21:29John Coogan?

  Did we?

• 21:29Jordi Hays?

  The, uh, I mean, no, I mean, we, we, the, the joke early on was like, quiet luxury is over.

• 21:35John Coogan?

  Yes. Loud opulence.

• 21:36Jordi Hays?

  Not loud opulence.

• 21:37John Coogan?

  A lot of these are screaming loud opulence. In fact, I need to return to my, let, let's start with the beginning of the, of the slideshow. Um, we, we need to return to, uh, my, our original statements about the value of loud opulence because I see these and I'm like, I couldn't pull these off if my life depended on it. But The Rock was spotted watching a Chaparral, much like Maduro. Uh, but this one is the Alpine Eagle Frozen Summit. Look at all.

• 22:04Jordi Hays?

  I like it, but I'd like to see, I mean, could we get at least a couple more?

• 22:08John Coogan?

  Couple more diamonds.

• 22:08Jordi Hays?

  Diamonds on here?

• 22:09John Coogan?

  I think it's a little, it's a little understated. Adam Scott was wearing a Vacheron Constantin Traditionnel Perpetual Calendar Ultra.

• 22:16Jordi Hays?

  This is nice.

• 22:16John Coogan?

  That's a very nice watch. I like that one a lot. I also like this Omega Seamaster Aqua Terra that Glenn Powell was seen wearing.

• 22:25Jordi Hays?

  Martin Andreessen notoriously.

• 22:28John Coogan?

  He's no mega guy.

• 22:28Jordi Hays?

  Mega guy.

• 22:29John Coogan?

  That's right.

• 22:30Jordi Hays?

  New fund. Maybe this was a nod from Glenn saying like, I salute you. Hat tip.

• 22:34John Coogan?

  Yes, he's celebrating the 15 billion. He probably read the Paki piece.

• 22:38Jordi Hays?

  Yep.

• 22:38John Coogan?

  And he says, you know what? It's time to put on the Omega Seamaster Aqua Terra. In terms of Omega Seamasters, this one stands out to me. Gold is a, is a choice, but I think it's working very well here. And you know who else is wearing a Omega Seamaster? George Clooney, also an Aqua Terra.

• 22:54Jordi Hays?

  I would love, I would love to know the details of Omega and Rolex and the other brands like fighting over people like Clooney, right? Because, you know, I don't think Clooney's putting on a watch without getting paid.

• 23:08John Coogan?

  Walmart partners with Alphabet's Google to allow shoppers to purchase products through Gemini. So Walmart is jumping in with Google. Google is posting a video of Wing, the future of retail is landing. They're taking shots at our boy Keller, launching a drone.

• 23:24Jordi Hays?

  This one, this one, this one hit me pretty hard.

• 23:26John Coogan?

  I know, I know. We love ZipLine. We love Keller here. We love Google, obviously their sponsor, but.

• 23:32Jordi Hays?

  Can Google just leave one future of X thing for?

• 23:37John Coogan?

  For someone else.

• 23:37Jordi Hays?

  For someone else. I didn't even know about Wing until today. Was this an acquisition? Wing.com, one of the best domains.

• 23:43John Coogan?

  You're going to be texting Keller like Sam Altman and Elon were texting each other about the future of AI. You're going to be like, the future of drone delivery is in our hands, brother. We gotta, we gotta beat Wing. No, Google's been working on this for a long time.

• 23:54Speaker 02

  Just on the point of, of Elon and Sam.

• 23:57John Coogan?

  Yeah.

• 23:57Speaker 02

  Elon just said on the Apple and Google collaboration, he said, seems like an unreasonable concentration of power for Google, given that they also have Android and Chrome.

• 24:04John Coogan?

  Oh, interesting.

• 24:05Speaker 02

  So he's still on the monopoly.

• 24:06John Coogan?

  He doesn't like, he's not a fan. We talked about, about Apple confirming Gemini. Very excited for that. I want them to roll this out immediately. I know that it's probably going to be, you know, some normal release cycle with very polished ads and on stage keynote and a developer preview. And there'll be a whole cycle to updating, but we are in the age of AI. Apple, just ship it today. Just replace Siri with Gemini today. I'm sure a lot of people would be fans of that, but you know, they operate the way they do.

• 24:39Jordi Hays?

  I pulled a little history on wing.com.

• 24:41John Coogan?

  Please.

• 24:41Jordi Hays?

  Started.

• 24:42John Coogan?

  Wait, they own wing.com?

• 24:43Jordi Hays?

  Wing.com.

• 24:45Jordi Hays?

  It's not only, not only do this is an amazing partnership, but fantastic domain.

• 24:50John Coogan?

  Yeah.

• 24:51Jordi Hays?

  So it started within X, Google X, the moonshot factory.

• 24:55John Coogan?

  It really is a factory.

• 24:56Jordi Hays?

  The original mission was focused on emergency medical response.

• 25:00John Coogan?

  Okay.

• 25:01Jordi Hays?

  So they wanted to deliver defibrillators to heart attack victims. Basically, they pivoted away from emergency, emergency services to last mile commercial delivery. They started doing their first like real world trials back in Queensland as early as 2014. It graduated from X in 2018. They later became the first delivery, drone delivery company to receive a part 135 air carrier certificate from the FAA. And they've just been scaling the network since then. So yeah, I guess they're going to be able to serve 40 million people by 2027.

• 25:36John Coogan?

  Yeah. I mean, as an American, as a human, as a technologist, I want more and I want competition. But as a big fan of Keller, I want him to dominate.

• 25:45Jordi Hays?

  No, I think, I think, I think Google maybe did this. They knew Keller had the potential for, to be one of the great, the greatest in history.

• 25:53John Coogan?

  Yeah.

• 25:54Jordi Hays?

  But they realized if he didn't have a viable competitor, he would never live up to his.

• 25:57John Coogan?

  So they're inspiring him to grind harder.

• 25:59Jordi Hays?

  Exactly.

• 25:59John Coogan?

  That's what's going on. Okay. Now we understand it. OpenAI launched ChatGPT Health. Now Anthropic has Claude code for heart attacks or something like that. Healthcare and life sciences. Claude code. I'm dying. Give me, give me blood transfere.

• 26:15Jordi Hays?

  Don't make mistakes.

• 26:16John Coogan?

  I use Claude code this weekend in a funny way. I had, I had it, I was having slow wifi, which of course is a weird thing to go to Claude code for because it uses the internet. So you're going to have a slow interaction. I told it like, hey, I'm having problems with my internet. Can you just go fix it? It ran all these different diagnostics, pinged Google, pinged all the different DNS servers, ran through everything, ran speed tests, and it came back and told me to turn it off and turn it back on. And it actually worked. And I could have saved myself like 45 minutes of sitting there being like, yes, I'm okay with you using curl. Yes, I'm okay with you using W.

• 26:48Jordi Hays?

  The entire time, superintelligence was just turning off and then back on.

• 26:50John Coogan?

  It's Lindy. It's Lindy. It should have just preempted me and just been like, look, dude, have you at least turned it off and turned it back on? Anyway, Tyler, what do you think?

• 26:58Speaker 02

  If Claude was being slow by the, because of the wifi, then that's example of like, you know, self-improvement.

• 27:04John Coogan?

  Self-impro- oh, it improved itself?

• 27:06Speaker 02

  Yeah.

• 27:06John Coogan?

  Yes, yes, yes, yes, yes. Interesting that everyone's pushing into healthcare. I'm still waiting for the push into legal. I'm wondering if that'll happen or if that's more complicated than healthcare. I'm also wondering, maybe healthcare is more lucrative, more viable, more, I, I, I would love to be in the meetings where they have prioritization of what, uh, who's, who's lunch they're trying to eat off. Who's, who's plate should we eat off?

• 27:29Jordi Hays?

  The lunch meeting.

• 27:30John Coogan?

  The lunch meeting.

• 27:31Jordi Hays?

  Meta CEO Zuckerberg is launching Meta Compute, planning tens of gigawatts this decade and hundreds of gigawatts longer term. This effort will be led by Santosh, uh, Gennard Han and Daniel Gross. Governments getting involved in financing Meta's infrastructure. So he's saying, he's like, Sam, they said it. I'm gonna say it now.

• 27:52John Coogan?

  It's not a backstop, it's the front door. Nvidia is investing a billion dollars in the, in an AI drug lab with Eli Lilly over five years.

• 28:00Jordi Hays?

  Drug lab, sounds.

• 28:02John Coogan?

  It's AI Ozempic. It's the two biggest super trends of the last, uh, of last five years, weight loss and AI. Could it get any better? Well, now it will.

• 28:12Jordi Hays?

  Tom Brady is now the face of, uh, the former CEO of X's new company, EMed. So Tom Brady, if, uh, if you're not, uh, familiar, he was the former face of FTX.

• 28:25John Coogan?

  That's a rough one.

• 28:26Jordi Hays?

  And also, uh,

• 28:27John Coogan?

  Was he actually the face? Cause there were a lot of celebrities that partnered with FTX. Larry David was in there.

• 28:31Jordi Hays?

  He was, he was part of, he was part of some of their bigger campaigns.

• 28:34John Coogan?

  He did a bigger campaign. He did a TV campaign.

• 28:36Jordi Hays?

  So he's joining as the chief wellness officer of EMed.

• 28:39John Coogan?

  Yeah.

• 28:39Jordi Hays?

  And it's interesting because this kind of just makes him the face of GLP-1s, right? Which is kind of a beneficiary, like is beneficial to the entire industry, right? If you sell GLP-1s, you'd be like, oh, Tom Brady is, is.

• 28:53John Coogan?

  He's down.

• 28:54Jordi Hays?

  Yeah.

• 28:54John Coogan?

  Maybe he's just super AGI-pilled. Maybe he, maybe Sam said, hey, I'm a, I'm a, I'm an investor in Anthropic and he said, well, I think Anthropic's gonna win. I'm partnering up with you. I don't care about the structure of your hedge fund. I don't care if there's a backdoor out of your, out of your trading platform. I'm in on you because of your investing track record. What about that?

• 29:13Speaker 02

  Yeah.

• 29:13John Coogan?

  You know, Anthropic gets out at a trillion. There's going to be a debate at least about Sam Bankman-Fried's legacy. He of course invested, what, 10 million for 10% of the company?

• 29:24Speaker 02

  He owned 8%.

• 29:24John Coogan?

  8% of the company. So that would be maybe like an 80 billion dollar position today, something like that. 50 billion, 10 billion dilution. I don't know. It was a good investment. Paramount Skydance has now initiated what insiders are calling Plan D. They're running out of letters. As they look to upend Netflix's winning bid for Warner Brothers Discovery. Hey, maybe the D just stands for discovery.

• 29:46Speaker 02

  Maybe they're saving the best for last.

• 29:48John Coogan?

  Plan W. Never take the L. Skip Plan L, go straight to Plan W. Get the W. We're rooting for you, Ellison. It involves banging home to investors, the immense amount of regulatory uncertainty of involved in the Netflix deal and how they could, how that could spell trouble, not just for the transaction, but for Netflix itself. And so if Netflix finds itself in a quagmire trying to acquire Warner Brothers Discovery, that could be bad news and, and David Ellison wants to make that clear to all of the shareholders.

• 30:18Speaker 02

  I have some other breaking news.

• 30:19John Coogan?

  Give me some breaking news.

• 30:20Speaker 02

  Okay, so, so Anthropic, they have Claude Code. They launched Co-Work, which is Claude Code for the rest of your work.

• 30:26John Coogan?

  No way.

• 30:26Speaker 02

  So it's like everything else.

• 30:28John Coogan?

  That's crazy.

• 30:28Speaker 02

  Yeah, it's exciting. It's basically, it's like a local app.

• 30:31John Coogan?

  Oh, it's a local app? So you don't need, oh, you don't need to do the, the terminal stuff anymore. You can just use it in an app with a prompt box.

• 30:37Speaker 02

  Yes. And then it can interact with all like your local files, whatever, and then...

• 30:40John Coogan?

  This is going to be really, really big.

• 30:42Speaker 02

  I don't know if you guys have used the, the Claude Chrome extension, but it's like super good.

• 30:46John Coogan?

  I have.

• 30:46Speaker 02

  The, the, like, computer use is super good.

• 30:48John Coogan?

  Yeah, yeah.

• 30:49Speaker 02

  So yeah, this is very exciting.

• 30:50John Coogan?

  Okay, yeah, yeah. Get ready for some threads, people. People are going to be breaking it down on, on all the fun things they had to do. I fixed my wifi in under an hour by rebooting it. But no, seriously, I was listening, I was listening to Doug Loflin from some analysis talk about how he uses Claude Code in a knowledge work setting and it's fascinating. So he'll kick off one deep research report about one company that he's researching, then a few more, and then he'll do a deep research report on top of that. But instead of it all living in the Claude web UI, it's just creating markdown files that then he stores in Obsidian and then he can run these meta deep research reports on the other deep research reports that he's put together. Interact with whatever's going on in the semi-analysis, private data world, all

• 31:34John Coogan?

  the data that they've they've collected, they interact with their Slack, they have a Slack bot that interacts with it. And so he was, he was talking, he was very, very one-shot by Claude Code and was saying, everything is a skill issue now. Everything is a skill issue now. Tyler, you have something breaking news?

• 31:48Speaker 02

  Uh, yeah. So, okay. So earlier on the show, I was reading into the Jack Clark blog. I was like, oh, maybe Jack Clark is pointing to something that Anthropic's gonna build space data centers. I posted that. He responded, put me in the truth zone. He said, no, you should not be reading into this, or any Anthropic grand strategy. And he, he totally ratioed me.

• 32:07John Coogan?

  Oh, wow. Got destroyed. Wow. Brutal mogging.

• 32:10Speaker 02

  Brutal mogging.

• 32:14Speaker 02

  No Anthropic data centers in space.

• 32:16John Coogan?

  Thank you, everyone, for watching. Thank you for leaving us Fox Stars on Apple Podcasts and Spotify. We'll be back tomorrow. We can't wait. And thank you for subscribing to our newsletter, tbpn.com. We will see you tomorrow. Goodbye. Just one more sleep.