China Considers AI Export Controls, SK Hynix Eyes $28B IPO, Banks Target Payment Business | 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 is made possible by: Ramp - https://ramp.com Public - https://public.com Cisco - https://www.cisco.com Console - https://www.console.com CrowdStrike - https://www.crowdstrike.com Figma - https://www.figma.com MongoDB - https://www.mongodb.com NYSE - https://www.nyse.com Railway - https://railway.com Shopify - https://www.shopify.com/ Follow TBPN: 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.

• 0:00John Coogan?

  The big news of the day is that China has taken a page out of Washington's playbook, potentially, and aiming to limit the export of AI models. Now, these are just meetings at this point, but Chinese authorities have reportedly, this is according to Reuters, held meetings with some of the country's top tech firms. That's Alibaba, ByteDance, z.ai, DeepSeek, HighFly are not mentioned yet, but you have to imagine that they'll be in the conversation if they aren't already, about potentially restricting overseas access to China's most advanced models. So they're thinking about doing the same thing that's happening with GPT-5.6, Sol, Ultra, Mythos, Fable, all these different models that are

• 0:41John Coogan?

  starting to get more restricted as they get more powerful. The government wants a say in what companies and what non-governmental organizations, what governmental organizations have access to them. So the discussions are still preliminary.

• 0:54Jordi Hays?

  And when, when did, in AI 2027, did China wake up?

• 0:58John Coogan?

  Right around this time, right around this time.

• 1:01Jordi Hays?

  Mid 2026.

• 1:02John Coogan?

  I actually have on my calendar, check on Jack Clark for today, because, because last year, December 23rd, Jack Clark predicted that there would be big changes and acceleration in mid 2026. He said, "So by summer of 2026, it will be as though the digital world is going through some kind of fast evolution, with some parts of it emitting a huge amount of heat and light and moving with counterintuitive speed relative to everything else. Great fortunes will be won and lost here, and the powerful engines of our silicon creation will be put to work, further accelerating this economy and further changing things." Do you think

• 1:46John Coogan?

  that's where we are? Is that an accurate assessment of mid 2026? When I saw this prediction, I put a calendar reminder for mid 2026. We're right in the middle of the year, and I wanted to check in and say, "Does it feel like this?" Obviously, this is not a quantitative benchmark. This is a qualitative feeling. Fast evolution, emitting a huge amount of heat and light, moving with counterintuitive speed relative to everything else. Great fortunes certainly are being won and lost every day in the market. Tyler, how would you assess the amount of heat and light emitting from some parts of the digital world? Would you say it's huge?

• 2:23Speaker 02

  I would say it's huge. I think it's huge. It's kind of hard. Like, I feel like I've been, like, very tapped in for a long time, so it's hard to say, like...

• 2:29John Coogan?

  You've been, you've been feeling the...

• 2:33Speaker 02

  It's hard to see, like, an outside view is like, "Oh, is this actually, like, has there been a big change, like, recently?"

• 2:38John Coogan?

  Yes. So there's two things. Like, one...

• 2:40Jordi Hays?

  It's been kind of like a personal thing for you, being so tapped in. Would you say that?

• 2:44John Coogan?

  So there's, I mean, there's two things going on. One is that anyone who has...

• 2:49Jordi Hays?

  AGI has been like a personal thing for Tyler. He's been so tapped in for so long.

• 2:53John Coogan?

  No, no, it's true.

• 2:55Speaker 02

  So much of news coming out of DC of the past, like, two, three months has been about AI, which is like, definitely was not true, you know, even earlier this year, I would say.

• 3:04John Coogan?

  Yes. And the, just the amount of heat and light around cybersecurity issues, the coding models, the agentic capabilities, the revenues that we would see in enterprise, those have not been a shock to AI insiders who have been tracking the capabilities of these models since last October, or even last summer, when models started, when vibe coding was coined by Andre Karpathy, and coding became, you know, not solved, but, you know, greatly enhanced by artificial intelligence.

• 3:34Jordi Hays?

  And so going back to AI 2027, which was published April 3rd, 2025, by late 2026, they had, or sorry, mid 2026 was China wakes up. In China, the CCP is starting to feel the AGI. Export controls and lack of government support have left China under-resourced compared to the West. I'm going to fast forward a little bit. Hawks, Hawks and the CCP warn that the growing race towards AGI can no longer be ignored. So they finally commit to the big AI push that they had previously tried to avoid. He sets in motion the nationalization of Chinese AI research, creating an information-sharing mechanism for AI companies. So, right now, they're just looking at export controls.

• 4:16John Coogan?

  It feels like we're a little bit behind on this.

• 4:18Jordi Hays?

  It's possible the CCP is just reading this as a guide and just implementing it. They're just planning to implement it to a T.

• 4:26John Coogan?

  Thanks for the guide.

• 4:27Jordi Hays?

  Just like, yeah, thanks. Thanks for the playbook. You should have billed me for it.

• 4:31John Coogan?

  Yeah. No, the real, the real 4D chess here is to shame the CCP into not copying off of AI 2027, saying, "Oh, really? You're just doing the AI 2027 thing? Come on, you don't need to invest in AI. Don't be memetic with our, with our philosopher's literature and our most popular podcasts over here in America. Think of your own strategy. Come on, do whatever." No. So, the discussions around AI export controls in China are still preliminary, and it isn't clear how Beijing could claw back access to models that they've already released. If they're on Hugging Face, you can download them, you can run them. And even if they had some sort of intellectual property, they could sue an open-source inference

• 5:12John Coogan?

  provider for running KIMI or something like that. That feels really difficult to do from Beijing. But there are other implications. So, once open, open weight models are posted publicly, of course, they can be copied, mirrored, downloaded, reused, anywhere, fine-tuned. But there are several ways China could restrict future frontier models before they leave the country. At the latest end, Beijing could require companies to file future releases with regulators or submit them for national security review before publishing model weights. A more aggressive version would require government approval before any advanced model could be released overseas. And at the most restrictive end, China could simply ban the public release of frontier open-weight models. They could say, "No more open sourcing." Although, the game theory there is a little odd, because it feels like the fact that

• 5:57John Coogan?

  China has been open sourcing near frontier capabilities has been to China's benefit in general, because it creates, like, more disturbances. Like, the DeepSeek moment was definitely good for China.

• 6:10Jordi Hays?

  Pricing pressure.

• 6:11John Coogan?

  Yeah, pricing pressure. So, they could limit these to state-approved customers or Chinese government priorities, which, at a certain level, might just be the most important thing to do. The RSI loop, of course, you want all of the GPUs that you have focusing on advancing the frontier internally, as opposed to sending it off to America. The talks come as the US is also moving toward tighter control of frontier AI. The Trump administration recently restricted access to Anthropic's most advanced models, Fable 5 and Mythos 5, before later lifting some of those controls after additional safety mitigations. OpenAI has also reportedly faced government pressure around the rollout of its next frontier models. The issue has become more urgent, because Chinese open-weight

• 6:54John Coogan?

  models are increasingly competitive. z.ai's GLM 5.2 in particular recently impressed Silicon Valley by performing close to leading US models at a much lower cost. The Qian family of models from Alibaba has also become one of the most important open-model ecosystems in the world, while ByteDance's Daobao is one of China's most widely-used domestic AI systems. I didn't know about that. If China places export controls on future frontier models, it could raise costs for American AI users and companies, because it's obviously very beneficial to have a great open-source model available to you, and for, and use them for lower-stakes tasks while reserving expensive US frontier models for their most important workloads. If the best Chinese models are no longer freely available abroad,

• 7:36John Coogan?

  some of that cheap model supply disappears, but you have to ask what happens to Meta? Do other, do other labs start piling back into the open-source ecosystem and more? Or will all the demand just go straight back to the frontier labs?

• 7:52Jordi Hays?

  It really sucks you in.

• 7:53John Coogan?

  That's the question. It really does. It really does. We should play some clips, because Jeremy went on an absolute tear.

• 7:57Jordi Hays?

  We need to be thinking about podcast safety, because this is an addictive episode.

• 8:01John Coogan?

  There should be export controls on this. It should be only available to American citizens. They should, Patrick should be doing KYC.

• 8:06Jordi Hays?

  Even though, one of the, one of the guys over there is Canadian.

• 8:09John Coogan?

  Yes, but, maybe, maybe North America. Let's pull up a clip from this. I want to, I want to hear Jeremy chat about all sorts of things. They go all over. Where in the timeline is the...

• 8:20Jordi Hays?

  Well, should we talk about SK Hynix's new listing?

• 8:23John Coogan?

  Yes, we can run through that, and then we can pull up...

• 8:26Jordi Hays?

  SK Hynix is set to raise around $28 billion in a Nasdaq share sale this week, potentially one of the largest ever New York listings by an Asian company. The South Korean memory chipmaker is already public in Seoul, where its stock is up more than 750% over the past year. But the US listing gives American investors an easier way in. The story is big on the timeline, because situational awareness, the hedge fund run by Leopold Oshinbrenner may participate alongside Bally Gifford and Co. too. Together, the firms could take as much as $7 billion of the deal. SK Hynix has become one of the purest AI infrastructure plays, because it leads in HBM, has become a key Nvidia partner, and now has a market cap around $1.1 trillion.

• 9:09John Coogan?

  Which is like a quadrillion one.

• 9:10Jordi Hays?

  Yeah, it's a lot.

• 9:11John Coogan?

  When you look it up, it's very confusing, I think.

• 9:13Jordi Hays?

  It's a lot.

• 9:14John Coogan?

  The business is ripping. 2025 revenue grew 47% to $63 billion. Profit more than doubled, $28 billion in profit. Q1 revenue tripled year over year. But, interestingly, the stock only trades at 7x forward earnings, because memory is brutally cyclical, and there's still a lot of people that are wondering, what happens if there's another leg up in the AI demand and the AI build-out? Will that mean more competitive pressure? Will it be a bottleneck, where they do stagnate? How much can they actually grow? And so many investors that are just in memory have seen booms and busts from cloud, or smartphone, or crypto, and they say, "Ah, like, I don't know that this one's going to last forever.

• 9:57John Coogan?

  I'm pattern matching to previous cycles, not thinking about this as a different technology cycle." So, I think that's what's going on with SK Hynix. But it should be a blockbuster IPO. Nevertheless, very interesting to see an Asian company listed in America.

• 10:12Jordi Hays?

  And, most, you know, notable part of this deal is, is obviously situational awareness and their participation in it. They, they cover, invest like the best, the billion-dollar PDF. It's an idea that Jeremy and Patrick have talked about before, but situational awareness is turning out to be more of a, maybe a $10 or $100 billion PDF.

• 10:32John Coogan?

  Yeah, seriously. I mean, the whole investing thesis built around that. It's just a PDF. I don't know. Is it an essay, a thesis?

• 10:40Speaker 02

  If, so if the PDF was worth a billion, or more than that, what was the Dorkesh episode worth? It's got to be some percentage of it, right?

• 10:47John Coogan?

  Yeah, definitely. Because a lot of people watch the podcast, watch the clips, scroll through the PDF.

• 10:51Jordi Hays?

  Breaking news, Meta unveils Muse Image, its first image-generation model from MSL.

• 10:56John Coogan?

  Waiting for this. Let's pull up some images of this and see the results. It should be good, given that they have all the Instagram and Facebook data to train on.

• 11:07Jordi Hays?

  Alex Wang has a post. Let's pull this up.

• 11:10John Coogan?

  Okay, Muse Image, Muse Video, whole bunch of very detailed badges printed all in one image. He says, "Releasing Muse Image today, the first image-generation model from MSL." It is crazy that they didn't have any, like... Went back when it was fair. Did they do anything with image? Did they? Because they had that amazing model segment, anything. So they were doing work on images. And obviously, they processed a ton of images. It pairs with Muse Spark to reason through your prompts, search the web and plan before it generates. People get what they mean on the first try live now in the Meta AI app.

• 11:46John Coogan?

  Very, very fun. Even puts a realistic QR code in there and can do infographics and old Polaroids as well. Big Sur, August nineteen eighty-three. Three things Alex Wang is excited about under the hood. Self-refinement, the model improves its own output within its chain of thought. Emerge during RL, not by design. Multi-reference composition, many images blended into one coherent generation. Multi-turn editing, iterate without losing coherence or starting over. Make an image of this person riding a bike, this bike and wearing this suit while passing by these people on a park bench. Make it look like a drawing in this style. That's cool.

• 12:28John Coogan?

  So you can upload multiple images and sort of drop them in as various prompts. What you got, Tyler?

• 12:33Speaker 02

  Yes, so Meta Fair did release a number of image models. So there was, I think it's pronounced chameleon in twenty twenty-three. There was Emu also twenty twenty-three, and then there was another like version of chameleon. But I think they were, they were somewhat different than the like diffusion, which was like popular at the time. I think they were all auto-aggressive transformer, which was like, you get the good text, stuff like that. But I believe this is a different.

• 12:57John Coogan?

  That's cool.

• 12:57Speaker 02

  Team, yeah.

• 12:58John Coogan?

  And Alex is also previewing Muse video. Competitive unprompted, adherence, visual fidelity, temporal consistency, also coming to Meta AI. This has got to be GPU intensive if they actually roll this out to everyone. Although Meta AI does have a smaller install base than Instagram. But I mean, imagine you really push this in Meta AI and everyone's.

• 13:20Jordi Hays?

  What do they buy all the GPUs for?

• 13:22John Coogan?

  You gotta, you gotta get people generating stuff. I completely agree. I think put this in the hands of the, the modern Instagram creator, let them have fun with it and see. You already have the algorithm to filter the slop out. The stuff that is sloppy, but still entertaining and creative will surface to the top. So congrats to them on a successful launch. And let's click over to Jeremy Gaffan on why he doesn't worry about AI taking jobs. A very, very interesting take on the latest episode.

• 13:54Speaker 03

  This idea of we're going to run out of jobs. To me, it's like very obvious that every, certainly every white collar job is like totally fake and made up in the sense that like they are not contingent for shelter and food and medicine and other necessities. But most jobs do not touch those, or if they do, they touch it in a very, very derivative way. What is your job as an allocator? It's like, well, because capital is inherently inflationary, you have to, you can't just leave it alone. And so like my job is like, when you have money and you don't want it to go away, you have to give it to someone. And so you, you give it to a bunch of people and then I take it and I put it into things that are productive.

• 14:37Speaker 03

  And then hopefully you don't lose your money, you get more money and like, is this useful? Is this good? Yeah, sure. But like, it's not real. And to me, there's like unlimited amounts of jobs that you can create in those sorts of scenarios. We're going to have unlimited wants and desires and, and, and our economy is solely driven by our unconscious desire to consume things. And so we're going to come up with new things to, to consume. And now again, in the short term and medium term, that might be volatile and there might be a lot of job loss and et cetera. And you know, that's not good. And you know, there could be a lot of despair. But in, in the long run, like, we're just going to invent new things to do. Like we've already solved all of our problems, like the worry about, oh, we're not going to have more jobs. It just doesn't really resonate because I feel like we just make up stuff for us to do.

• 15:22Speaker 03

  And that's sort of the whole point of it.

• 15:26Jordi Hays?

  That makes me think we need an Invest Like the Best soundtrack.

• 15:30John Coogan?

  We do need to Invest Like the Best soundtrack. Uh, let's play the other clip that Patrick shared. The West Coast is definitely eating the East Coast.

• 15:38Speaker 03

  The founder is incredibly important and sort of the, um, the founding act is incredibly important in, uh, in any business. I do think that it's notable that like the current paradigm in which we live. The largest and most important finance firms come out of a culture of leveraged buyout, which it's extractive insofar as the primary goal is to make a thing more profitable. The core idea behind it is like using debt and financial engineering to make a lot of money in a way that the quality of the business itself is maybe ancillary to the core trade.

• 16:12Jordi Hays?

  For a second.

• 16:14Jordi Hays?

  Afterglow says, my God, what an obnoxious soundboard. Unwatchable.

• 16:21John Coogan?

  It is a little loud today. I feel like the soundboard's coming in a little bit hot. We're sorry about that. But we're having fun here. And of course, we don't want to, we don't want to pirate the entire Invest Like the Best episode. We got to tease it a little bit.

• 16:33Jordi Hays?

  This would be a good use case for AI if we can make a separate show that's just the show, but an agent in real time pulls out the sound effect. And just has a normal show, no soundboard.

• 16:46John Coogan?

  Sure. So you can choose whether you want the soundboard version of the show or the not, or, or the.

• 16:51Jordi Hays?

  Tyler says, don't be sorry. That's why I'm here. Tyler's just here for the soundboard. So unfortunately, there's people that are here that don't like the soundboard. There's people that are here only because of the soundboard. We are trying to find the middle ground and we don't always get it right. We don't always get it right, but we're trying to.

• 17:07John Coogan?

  Sort of a cold war between the pro soundboard and the anti-soundboard constituents in the audience. So, well, uh, revenge of the East Coast. The East Coast is trying to, is trying to make a comeback. Jeremy Gaffan says the West Coast is eating the East Coast, but the East Coast is trying to make a comeback across all of these big banks. Did you hear about this? They're going after the debit card rails. They're going after Visa. This is news today. JP Morgan, Bank of America, Wells Fargo, PNC and other big banks are reportedly exploring a deal to buy a Fiserv debit card network that would own, let them own more of the payment rails that the customers debit cards run on.

• 17:51John Coogan?

  So the basic idea is that post, I think it was post-financial crisis, there were limits on how much banks could make on debit card transactions. This is the Durbin Amendment.

• 18:02Jordi Hays?

  Durbin?

• 18:02John Coogan?

  The Durbin Amendment, I think Dick Durbin. Uh, and they want a way to turn debit back into a more valuable business. So Fiserv owns major debit networks, including Star and Excel, which I don't run into that often. I usually see Visa, Mastercard, Amex. I mean, Amex doesn't have debit network. But Star and Excel already connect to millions of cardholders and thousands of financial institutions. So this is like, it's a real rail with an existing bank and merchant connectivity. And so this is like when Capital One bought Discover. They own the issuer, then they also own the network and then they can move their own volume onto their own rails and capture more of the economics. So who loses if this goes through? Who should be upset about this?

• 18:46John Coogan?

  It's probably the merchants, Visa and Mastercard. So merchants would probably see higher effective debit costs if banks find a way to route more volume through bank-owned networks. While Visa and Mastercard would lose some leverage over US debit. But the bigger story is that payments are getting vertically rebundled. Banks want the account, the card, the network, the wallet, the fraud layer, and eventually the AI agent checkout surface. So it's all very, uh, they, I don't even think there's a real bid for the, for Fiserv's debit networks just yet. But it's, it's like starting to brew out that they're doing it. And I was interested to know, like, is this, is this bullish for ramp?

• 19:26John Coogan?

  Because they sit on top of, of networks and I think it is generally positive and, and because of the layer of abstraction they operate on.

• 19:38John Coogan?

  And I was wondering, like, is this an attack on Stripe? Is this, is this an attack on any particular West Coast tech startup that we know? And it seems like it's much more of an attack on Visa and Mastercard in particular, uh, who have been driving up debit fees for them. Anyway, did you want to talk more about Fiat's next US car? You mentioned it when we were talking to Baiju from Cowboy Space Company yesterday. The Topolino is coming to America. Tiny two-seat electric micro car, they're calling it. Starts at fourteen thousand dollars, almost half the price of the other electric golf cart that we talked about last. What was that? Last Thursday we talked to?

• 20:17Jordi Hays?

  Yeah.

• 20:18John Coogan?

  To him.

• 20:18Jordi Hays?

  But you can fit a lot more people in the Amble. I like this move from Fiat.

• 20:22John Coogan?

  You like it?

• 20:23Jordi Hays?

  Uh, I think that their cars are generally unserious.

• 20:27John Coogan?

  Yes.

• 20:27Jordi Hays?

  And so I think it's good to just lean into, lean into that.

• 20:30John Coogan?

  Okay, okay.

• 20:31Jordi Hays?

  And I think they're trying to price this so that when people are thinking, hey, I need a new car.

• 20:37John Coogan?

  Yeah.

• 20:37Jordi Hays?

  Because should I go out and buy like a crossover SUV or?

• 20:41John Coogan?

  There's no way anyone can consider this for their main car. It's impossible.

• 20:46Jordi Hays?

  But you can if you typically roll around with a handful of people. And instead of buying one car.

• 20:53John Coogan?

  Oh, you buy a bunch of them?

• 20:54Jordi Hays?

  For sixty grand, you buy four of these.

• 20:56John Coogan?

  You know how, you know the range on this thing? Forty-six miles, forty-six miles. I mean, I guess if you have a ten-mile commute.

• 21:04Jordi Hays?

  They launched, they launched an EV with forty six miles of range.

• 21:08John Coogan?

  It's nothing.

• 21:09Jordi Hays?

  And they should have called it, they should have called it the Fiat. It's less than ten miles.

• 21:13John Coogan?

  Less than ten miles.

• 21:13Jordi Hays?

  They should have called it the Fiat Dice, because every time you leave the house, you're rolling the dice.

• 21:18John Coogan?

  It's a thousand pounds, so you can deadlift it with another friend.

• 21:21Jordi Hays?

  It's, there's, are you serious?

• 21:23John Coogan?

  Thousand pounds, yeah. This thing's tiny. It's, it's really, truly like so, so small.

• 21:27Jordi Hays?

  They're saying it's the cutest car ever made?

• 21:29John Coogan?

  Uh, look at the speed. The top.

• 21:32Jordi Hays?

  Tops out at twenty five miles an hour.

• 21:34John Coogan?

  That's with a street legal low speed vehicle kit. By default, it only goes nineteen miles an hour. Uh, so how long would it take you to get here? Nineteen miles an hour? Thirty minutes?

• 21:46Jordi Hays?

  Yeah, thirty minutes.

• 21:46John Coogan?

  Wow. That's not too bad.

• 21:49Jordi Hays?

  Not too bad.

• 21:50John Coogan?

  Maybe, maybe you gotta do it. Okay.

• 21:52Jordi Hays?

  You guys are laughing, but you won't be laughing when, when I pull up to the office with.

• 21:56John Coogan?

  Fleet of these?

• 21:57Jordi Hays?

  With, with five of these.

• 22:00John Coogan?

  And you need a support car, like a cyber truck behind you?

• 22:04Jordi Hays?

  Yeah, no, no, the, the, the Topo, the Topolino is the support. You just have, you have a series of, you just go train mode.

• 22:11John Coogan?

  Well, the main, uh, other news is that, uh, this is, this is somewhat related to New York and Manhattan. A midtown Manhattan skyscraper under construction is reportedly at risk of collapse. The building was the former Pfizer headquarters on East Forty Second Street. It was evacuated Tuesday morning after the FDNY received reports around eight AM Eastern Time of bricks falling from the high rise. When crews arrived, they found two structural columns inside the building had buckled with floors sagging from the roughly twenty first all the way to the twenty sixth floors. So there's six floors of sagging. Uh, this video, this, uh, this building seems to be falling apart.

• 22:54John Coogan?

  Video from inside the site shows columns visibly bent, raising immediate concerns about the stability of the building. So, so far, thankfully, no injuries have been reported. Uh, let's hope it stays that way. And construction workers have been accounted for. The site was undergoing one of the most ambitious office to residential conversions in New York history. Metro Loft and David Warner Real Estate were converting the former Pfizer complex into roughly fifteen hundred to sixteen hundred, uh, apartments with plans to renovate the existing thirty eight story tower and add more than a dozen new stories to part of the property. Officials have evacuated the construction site and nearby buildings as a precaution. Very, very crazy. City inspectors and engineers are now on site investigating the damage

• 23:36John Coogan?

  and trying to determine whether the building can be stabilized. They'll need to go and, uh, rebuild those columns. For now, commuters are being told to avoid the area. So if you're in New York, stay away from East Forty Second Street. I hope everyone is safe there.

• 23:51Jordi Hays?

  Bad day to be doing that conversion.

• 23:53John Coogan?

  Yeah, very, very chaotic situation. Uh, anyway.

• 23:57Jordi Hays?

  It's also, imagine trying to sell those apartments after you finish. It's like, oh yeah, moving into the building that was buckling across six different stories.

• 24:06John Coogan?

  Yeah. There was a building, was it in San Francisco, the Millennium Tower?

• 24:10Jordi Hays?

  Yeah, TZ says good day to be a demolition company.

• 24:13John Coogan?

  I guess, yeah. Yeah, there, there was the Millennium Tower that was a very, it was, it was fancy high rise in San Francisco. And the foundation like sunk a little bit. And so the whole building was tilted slightly. And so if you put a marble on the ground in these like luxurious apartments, it would roll. And, uh, there was a huge, uh, huge lawsuits. I believe that they were able to go do some structural reinforcement and eventually get it back.

• 24:36Jordi Hays?

  It's just some saggy floors.

• 24:38John Coogan?

  It's just some saggy floors.

• 24:39Jordi Hays?

  Floors.

• 24:40John Coogan?

  Yeah, lock in. Just, uh, yeah, maybe, maybe it's just a mindset issue.

• 24:44Jordi Hays?

  Stop sweating the details.

• 24:45John Coogan?

  Thank you so much for tuning in. Leave us five stars on Apple Podcasts and Spotify. Sign up for our newsletter, tbpn.com, and we'll see you tomorrow at eleven AM Pacific. Goodbye.

• 24:55Jordi Hays?

  We love you.

• 24:55John Coogan?

  Have a great week.