Birdies, Breakdowns & the Battle for AI’s Future

[SPEAKER_01]: And now it's the better with bourbon podcast, with Brad Martno and Deacon Palmer, fast thinking, and smooth drinking. [SPEAKER_00]: The views in opinion shared on the better with bourbon podcast are our own, and those of our guests. [SPEAKER_00]: Nothing we discussed should be taken as financial, legal, business, or gambling advice. [SPEAKER_00]: Don't make investment, business, or betting decisions based on our conversations as you should always talk to a qualified professional.

[SPEAKER_00]: Always drink responsibly, never drink and drive, and only consume alcohol if you are of legal drinking age. [SPEAKER_08]: It's a big advantage. [SPEAKER_08]: All right, well, welcome to the, uh, better with Bourbon podcast, we're fast-think. [SPEAKER_08]: If fast-thinkin' meets smooth drink in, we're coming to, uh, from the better with Bourbon media studios here in Indiana, Pennsylvania, and it's, uh, it's March 4th. [SPEAKER_08]: Oh, okay. [SPEAKER_08]: It is.

[SPEAKER_08]: Isn't it? [SPEAKER_08]: Yeah, it is. [SPEAKER_08]: All right. [SPEAKER_08]: Yeah. [SPEAKER_08]: Oh, I just banged off or quit me here. [SPEAKER_08]: Uh, what's you doing? [SPEAKER_08]: What's going on in your life today? [SPEAKER_10]: not much wrote an article this morning finished a book that had been working on for the last few months on the governance so I'm happy to get that out of a flea tomorrow. [SPEAKER_08]: He's a task master every day.

[SPEAKER_08]: He's finished in something and something out. [SPEAKER_08]: What's the topic governance a government? [SPEAKER_10]: Yeah, operational AI governance so now we're talking about how you embed it into operations so that these big fortune 500 companies aren't getting burnt. [SPEAKER_08]: Yeah, CDs aren't just talking points. [SPEAKER_08]: This is a lifestyle people. [SPEAKER_08]: I mean, we take this so definitely serious. [SPEAKER_08]: Very seriously.

[SPEAKER_08]: Hey, I govern and tell me, hey, let me ask you this. [SPEAKER_08]: How many layers in your AI governance framework for 16? [SPEAKER_08]: 16 layers come on. [SPEAKER_08]: It's like a snow coat. [SPEAKER_08]: I used to work with like a 12 layer AI governance framework, but that's not all. [SPEAKER_08]: That's not how booty I'm throw it out on the way. [SPEAKER_08]: That's what we get. [SPEAKER_08]: So that doesn't get an attorney involved. [SPEAKER_08]: Yeah, exactly.

[SPEAKER_08]: But hey, congrats. [SPEAKER_08]: I read your piece on LinkedIn today. [SPEAKER_08]: It was excellent. [SPEAKER_08]: I commented. [SPEAKER_10]: I saw that. [SPEAKER_08]: Did you think, would you think of my comment? [SPEAKER_10]: Yeah, I made a lot of sense. [SPEAKER_08]: Yeah, okay. [SPEAKER_08]: Let me see. [SPEAKER_08]: Should we say it? [SPEAKER_08]: Does it even make you know, he can say it? [SPEAKER_08]: What was it?

[SPEAKER_08]: Okay. [SPEAKER_08]: So now that now that Frontier models are kind of blazing, we're all talking about the new lightweight, super kind of edge enabled, the still old models that are so much more flexible is like, [SPEAKER_08]: Is that like now the distilled models are the edge and the old frontier models are like the cloud like is that where is that what the the frontier we've moved into like frontier models are like I think we I think we are I mean old school that they don't

[SPEAKER_10]: They're not even getting any plan anymore. [SPEAKER_10]: I'm not your old school. [SPEAKER_10]: I think they just become very expensive and very complex. [SPEAKER_10]: So unless you're doing complex research tasks or really in depth research, then that might make sense for a big company to invest in and take the risks that come along with it. [SPEAKER_10]: It's the smaller, you know, more flexible model that you can take offline. [SPEAKER_10]: So the cloud analogy totally works.

[SPEAKER_10]: Oh, I think it works perfectly. [SPEAKER_10]: Yeah, right. [SPEAKER_10]: Yeah. [SPEAKER_10]: That's why that's what I gave it a big heart this morning because I thought it was good. [SPEAKER_10]: Yeah. [SPEAKER_10]: That came straight out of my brain. [SPEAKER_10]: I know. [SPEAKER_10]: That wasn't even any eye talking was it. [UNKNOWN]: Yeah, right.

[SPEAKER_08]: yeah so yeah governance framework lightweight models we're going to talk a little about some of these things today we're going to we're going to go into a really new cool agentic tool came out we're going to talk a little bit about it not that it's groundbreaking but it's just evidence that [SPEAKER_08]: more evidence that 2026 is the year of a agentic deployment. [SPEAKER_08]: More partnership news.

[SPEAKER_08]: We talked a little bit about OpenAI's frontier program last week with the consulting firms. [SPEAKER_08]: They continued that this week with AWS. [SPEAKER_08]: We're going to talk a little bit about that. [SPEAKER_08]: We're going to talk a little bit about. [SPEAKER_08]: What else we can talk about? [SPEAKER_10]: Oh, we're going to fall up a little bit with Anthropic as to where that all ended after we left that off. [SPEAKER_08]: Yeah, right.

[SPEAKER_08]: Talk a little bit of golf. [SPEAKER_08]: And golf. [SPEAKER_08]: Right. [SPEAKER_08]: But let's talk first things first. [SPEAKER_08]: Yeah. [SPEAKER_08]: I want to talk penguins. [SPEAKER_08]: Penguins are second place in the metro division, playing really good hockey. [SPEAKER_08]: In spite of the fact that Sid got whacked in the Olympics, and he is now out for a couple weeks, which just, I mean, great injury. [SPEAKER_08]: Isn't that like the, was it a grown injury?

[SPEAKER_08]: I thought it was some lower injury at and get it. [SPEAKER_08]: Yeah, I thought you had the grind. [SPEAKER_08]: Yeah, that might have been. [SPEAKER_08]: Leave it to the. [SPEAKER_08]: Yeah. [SPEAKER_08]: It wasn't the, I was going to say the Canadians, but it wasn't the Canadians. [SPEAKER_08]: He was blind for the Canadians. [SPEAKER_08]: Yeah. [SPEAKER_08]: It wasn't like Chuck, Chuck hit him or something like that, right? [SPEAKER_08]: Chuck, Chuck, them.

[SPEAKER_07]: He's pretty, I don't remember who was. [SPEAKER_07]: He's pretty resilient though. [SPEAKER_07]: Yeah. [SPEAKER_07]: I mean, it's like street trucks. [SPEAKER_07]: They are. [SPEAKER_08]: He's like a regular human being from the way the West. [SPEAKER_07]: He's a crystal-tang or probably the most physically fit humans on the planet. [SPEAKER_08]: Yeah, the tank's a little bit of a hockey hero mine got to be honest, yeah, yeah, yeah, yeah, yeah.

[SPEAKER_08]: Yeah, anyway, so yeah, we're going to talk, but Tens are on another little run. [SPEAKER_08]: We talk about them kind of over achieving this year, six, two, and two over the last ten. [SPEAKER_08]: Yeah. [SPEAKER_08]: They dumped their last game on what was it just on, was it, was it Monday night? [SPEAKER_08]: But it was, it was the last night? [SPEAKER_08]: Yeah. [SPEAKER_08]: Yeah, two. [SPEAKER_08]: But they came out hot, right? [SPEAKER_08]: Didn't they score early?

[SPEAKER_08]: Yeah, the kid, the kid, the kid, that's really what I wanted to talk about.

[SPEAKER_08]: kids 18 years old i mean we haven't had this much hockey excitement since uh... well i mean now this is this isn't really fair other cities this is the fourth time we've had kind of this this level of hockey excitement we had it with a big Canadian then we had it when uh... you're sure it up then we had it when said he showed up now i mean it's a little since nineteen eighty eight [SPEAKER_08]: Yeah, I mean, is this going to continue the streak?

[SPEAKER_08]: I mean, is the kid that good? [SPEAKER_08]: He's 15 goals. [SPEAKER_08]: What is it? [SPEAKER_08]: 15 like 14 assists, 13 assists, something like that? [SPEAKER_08]: We're doing good. [SPEAKER_01]: Yeah. [SPEAKER_08]: I mean, 18 years old? [SPEAKER_08]: Yeah. [SPEAKER_08]: Could be. [SPEAKER_08]: I mean, he's smooth. [SPEAKER_08]: He's smooth as so. [SPEAKER_08]: Okay. [SPEAKER_08]: You know, I was asking, I was asking the GPT, like, what's his game like?

[SPEAKER_08]: Because, other than seeing him score those couple of goals just recently, I think he didn't pick up like. [SPEAKER_08]: What's it like seven, you know, seven points in the last seven games or something like this who is on a bit of a tear, I didn't really know much about them. [SPEAKER_08]: So I asked UPD, they said they make football analogies for me because that's, you know, they know that's where my monkey brain works. [SPEAKER_08]: They said he plays a center like a safety.

[SPEAKER_08]: You're talking soccer now, I'm not football. [SPEAKER_08]: No, no, no, no, like actual football, yeah, yeah, yeah, actual football. [SPEAKER_08]: You know what's funny? [SPEAKER_08]: I actually asked GPT2. [SPEAKER_08]: I asked a Gemini about the show. [SPEAKER_08]: I finally in doing the show. [SPEAKER_08]: No, I finally, you know, came out of the closet to Gemini and said, hey, I know I keep asking you about it. [SPEAKER_08]: Well, time you've been podcast.

[SPEAKER_08]: I'm actually one of the hosts and they're like, oh my gosh, this totally changes everything between us Like I mean it was so funny It was hilarious. [SPEAKER_07]: I think you have a little bit too close to relationship with GPT Yeah, then it started talking to me like you show. [SPEAKER_08]: Okay with this. [SPEAKER_08]: Yeah, right.

[SPEAKER_08]: It started talking to me Then it would be like and then you decant Palmer as the co-host or the better with Bourbon's Like it started tracking speak to me like it was a position that carried away weight with it [SPEAKER_08]: Yeah, anyway, so the so the puns. [SPEAKER_08]: I'm down with the pencil though. [SPEAKER_08]: I want to say something really kind of down about the pens. [SPEAKER_08]: Hey, I've noticed this over recent years.

[SPEAKER_08]: What is it with the penguins losing in overtime losing? [SPEAKER_08]: I mean, have you noticed this? [SPEAKER_08]: Yeah. [SPEAKER_07]: I've every game I watch. [SPEAKER_08]: It's fucking atrocious. [SPEAKER_07]: Yeah, they started out there winning like five to two. [SPEAKER_07]: I watched the game earlier in this year. [SPEAKER_07]: They were up five to two and they lost in overtime. [SPEAKER_07]: Six to five. [SPEAKER_07]: I was like, what the hell happened?

[SPEAKER_10]: Right, and I think it's because they're so old. [SPEAKER_10]: They're old, right? [SPEAKER_10]: A bunch of old guys trying to have sex, you know, just finish this quick. [SPEAKER_10]: Yeah, no stamina. [SPEAKER_10]: No, no, no. [SPEAKER_10]: got to get this game over quick. [SPEAKER_08]: That's right. [SPEAKER_08]: If we can play two and a half periods of patterns to be in first place. [SPEAKER_07]: Yeah, for sure. [SPEAKER_08]: Yeah, it's a damn shame.

[SPEAKER_08]: So I went back and looked. [SPEAKER_08]: I mean, is there anybody worse in over time over the last five years turns out that it's awesome. [SPEAKER_07]: The flyers are really at the bottom of like I like to see the flyers in that category, but I won't be in there with them. [SPEAKER_07]: That's a bad thing. [SPEAKER_08]: Yeah, well, what's it say about the state and Pennsylvania? [SPEAKER_08]: Thank you, Pennsylvania, for taking it. [SPEAKER_08]: That's right, man.

[SPEAKER_08]: That's right. [SPEAKER_07]: That's it. [SPEAKER_07]: Yeah, shout out. [SPEAKER_08]: No, but I guess it's like a microcosm for our whole state where we're getting a little bit older. [SPEAKER_08]: You know, we're not quite as as as quick as we used to be, but we still get plenty of be proud of. [SPEAKER_08]: Yeah, yeah, we do. [SPEAKER_08]: Yeah, you like that. [SPEAKER_08]: I do. [SPEAKER_08]: Thank you. [SPEAKER_08]: It's all said. [SPEAKER_08]: That's right.

[SPEAKER_08]: That's awesome. [SPEAKER_08]: Okay, so, um, I don't know. [SPEAKER_08]: You want to talk uh, you want to talk about that. [SPEAKER_08]: You want to try this bird? [SPEAKER_08]: I do want to try the bird. [SPEAKER_08]: You know, I mean, I've been sipping it. [SPEAKER_08]: I haven't tried it yet. [SPEAKER_08]: What is it? [SPEAKER_10]: It's been healthy. [SPEAKER_08]: Tell us if there won't be architecture, right? [SPEAKER_08]: That's right. [SPEAKER_08]: Let's see here.

[SPEAKER_08]: Let's see. [SPEAKER_08]: Let's give it a little, a little swoosh. [SPEAKER_08]: You parries in it. [SPEAKER_08]: Parries have been in for like a half hour. [SPEAKER_08]: What do you think about it? [SPEAKER_07]: I think it's very good. [SPEAKER_07]: I had this recently somewhere. [SPEAKER_07]: Did they have it at the Christmas party? [SPEAKER_07]: Oh, yeah, we do. [SPEAKER_07]: I think it wasn't the, yeah, it was delicious. [SPEAKER_07]: Not the very good.

[SPEAKER_07]: Full blue label, this Ark is now. [SPEAKER_07]: As soon as I saw the picture that Brad said, I was like, oh, that's a good one. [SPEAKER_10]: It's a little different. [SPEAKER_10]: So this one has a little bit of that French oak, I guess, to it. [SPEAKER_10]: Oh, yeah. [SPEAKER_10]: It's a little fancy. [SPEAKER_08]: I've got the French yolk in there. [SPEAKER_07]: We'll see. [SPEAKER_08]: Okay. [SPEAKER_08]: We'll see. [SPEAKER_08]: We're apparently prepared today.

[SPEAKER_08]: So this is Penelope. [SPEAKER_08]: Okay. [SPEAKER_08]: The bottle's called architect. [SPEAKER_08]: It says, straight bourbon whiskey finished with French, oak, staves. [SPEAKER_08]: So when I read this, okay, and this is 104 proof, you know, 52, pretty clear, 55. [SPEAKER_08]: I said to myself on a red that, what the hell was a stave? [SPEAKER_08]: Yeah. [SPEAKER_08]: And a wire we drink and stuff that has staves all over the city. [SPEAKER_08]: You know where to stay of it?

[SPEAKER_08]: Yeah, it's a single board. [SPEAKER_08]: That's right. [SPEAKER_08]: Yeah, I had to look this up, but it's okay. [SPEAKER_08]: So if you're going to have a barrel, right? [SPEAKER_08]: A barrel is made up of individual pieces of wood. [SPEAKER_08]: Typically 31 to 33 individual pieces that are held together by those rings, those individual pieces are called staves.

[SPEAKER_08]: And apparently these Penelope folks, [SPEAKER_08]: Well, match staves to get particular characteristics in their bottle, which is why they call this architect, they're building it. [SPEAKER_10]: Well, they have high technology at their reason to determine which staves they're going to actually kind of quit. [SPEAKER_10]: Yeah, right. [SPEAKER_10]: What would set? [SPEAKER_10]: They do some sort of like visualized designs. [SPEAKER_10]: It's science. [SPEAKER_10]: It's science.

[SPEAKER_10]: I mean, they're using science to figure out and get it as close as to the same every time is possible. [SPEAKER_10]: Hence, the architect name. [SPEAKER_08]: uh... what do you think you so other than uh... other than the fresh oak that you you you know you dropped on us there and what you got anything else yeah little carmal uh... i got a little bit of that and there about sixty five dollars it's funny you say carmal yeah i got a little [SPEAKER_08]: You're right on there.

[SPEAKER_08]: Now, how would we rate this in terms of, it just actually doesn't finish. [SPEAKER_08]: There's not a whole lot of finish. [SPEAKER_08]: You get some sweetness up front. [SPEAKER_08]: You get a little bit of caramel. [SPEAKER_08]: You got that right. [SPEAKER_08]: I definitely taste the staves. [SPEAKER_07]: The staves are good. [SPEAKER_07]: Yeah, there are nothing. [SPEAKER_07]: I'm a big fan of the staves. [SPEAKER_08]: Nothing like that.

[SPEAKER_10]: I French board in your mouth. [SPEAKER_08]: But it does, uh, it does kind of drop off. [SPEAKER_08]: There's a bunch of finish to it. [SPEAKER_08]: It's, it's, uh, eminently drinkable. [SPEAKER_08]: Now that this is water, you could like, it goes down pretty easy, right? [SPEAKER_08]: You could chug it like, I mean, the barometer is probably going to get pretty empty here. [SPEAKER_08]: Yeah, I know we're going to go through this guy.

[SPEAKER_10]: Not, not to mention that we got to mention we got some guests in the, in the house tonight too, you know. [SPEAKER_10]: So we have, uh, we have three studio guests in the house. [SPEAKER_08]: We do. [SPEAKER_08]: Yeah, the studio's pool tonight. [SPEAKER_10]: with good friends, we're just providing us and ourselves. [SPEAKER_10]: We've got Mr. Gretler in the house. [SPEAKER_10]: We've got the Lockard family in the house. [SPEAKER_08]: Right.

[SPEAKER_08]: It's funny about it's great having the Lockards here because they drank a bunch of bourbon. [SPEAKER_08]: And we know that. [SPEAKER_08]: Well, and they even know how to make bourbon. [SPEAKER_08]: That's even to the next level. [SPEAKER_08]: And Rodney is our bourbon overlord in the bourbon clubs. [SPEAKER_08]: So we wouldn't have a bourbon club with Odin. [SPEAKER_08]: Yeah, we wouldn't have a bourbon club with Odin. [SPEAKER_08]: That's his idea, right, right.

[SPEAKER_08]: So, this thing, this Penelope stuff is good, it's drinkable, we've had it at the Bourbon Club. [SPEAKER_08]: But there's a notable thing, they do these things where they are doing what is essentially runs or it's like [SPEAKER_08]: there are like different runs with different staves of wood, so they're going to reuse them.

[SPEAKER_08]: So if you don't like a number four in a build, right, and that's what they're calling these things build, keep buying because number five, six, and seven will be different because they're trading out some of those staves. [SPEAKER_08]: So I don't know, but this is an LLP is a New Jersey-based company, and they buy this stuff and assemble it.

[SPEAKER_08]: So this is a [SPEAKER_08]: This is kind of a financial buyer and a marketer instead of old-school Kentucky bourbon family who's doing it that way, but it's very good though. [SPEAKER_08]: No problem with the finished product. [SPEAKER_08]: No. [SPEAKER_08]: It'll get a done if we drink it. [SPEAKER_08]: Every pin I'll be over there. [SPEAKER_08]: It always works. [SPEAKER_10]: Yeah. [SPEAKER_08]: Probably. [SPEAKER_08]: You used to know a girl named Penelope. [SPEAKER_07]: No way.

[SPEAKER_07]: That bottle makes it through the episode. [SPEAKER_08]: I don't think it's either. [SPEAKER_08]: That's a fine. [SPEAKER_08]: That fire is looking nice. [SPEAKER_08]: No fire is. [SPEAKER_08]: How are you? [SPEAKER_08]: What do you think of a fire, buddy? [SPEAKER_07]: I think it looks perfect. [SPEAKER_07]: wallowing your lawn there and then I've got to admit he can came along through some wood on there and worked as magic and that's beautiful. [SPEAKER_08]: What?

[SPEAKER_08]: What is that? [SPEAKER_08]: Yeah, what do you want to talk a little golf? [SPEAKER_08]: Yeah, let's do. [SPEAKER_08]: You know, what was the, what was the tour stop this week? [SPEAKER_08]: It was not, this wasn't a big week. [SPEAKER_08]: It was the, what is it? [SPEAKER_08]: The cognizant, open Palm Beach Gardens.

[SPEAKER_08]: this is one of those like non signature events that's kind of one of those weeks that some of the top 10 players take off it was in between the what was the big one two weeks ago that tiger tiger was hosting out in California Genesis Genesis yeah Genesis thank you and then Bay Hill is next week and we know that one's a a ripper of a tour stop but now both of those are signature events twenty million dollar per se is this this guy this week was what was it

[SPEAKER_08]: A lot of the big guys skipped it. [SPEAKER_08]: It was won by a dude that is Colombian, I believe, and his name's Nico. [SPEAKER_08]: That's about as far into it as I got. [SPEAKER_10]: It came down to him and I think, was it the Irishman that was coming. [SPEAKER_10]: Yeah, Shane Lowry. [SPEAKER_10]: Shane Lowry had a three shot lead coming into the last three holes and just fell apart like a, Right. [SPEAKER_10]: And Irishman at that closing time.

[SPEAKER_08]: Yeah, that's right. [SPEAKER_08]: Well, I mean, if you're Shane Lowry in your planet event like this, you got a, you got a figure. [SPEAKER_08]: You know, I got to take that one point, what was I think it was like 1.74 million dollars, which is, I mean, what's this say about the world of golf or like sneezing at this? [SPEAKER_08]: Yeah, 1.74 million dollars or the trip? [SPEAKER_08]: Yeah, it's not even worth the trip, right? [SPEAKER_08]: And I know exactly.

[SPEAKER_08]: I know, I'm 4 million last week, 4 million next week for the winners. [SPEAKER_08]: Yeah. [SPEAKER_10]: I mean, yeah, but the, but Nico came out with a great win and he's going to get some exemptions of it. [SPEAKER_08]: That's just third, that's just third win on tour. [SPEAKER_08]: Yeah, about that. [SPEAKER_07]: I mean, yeah. [UNKNOWN]: Anyway. [SPEAKER_08]: Oh, Daria. [SPEAKER_07]: I'll learn these damn sooner later. [SPEAKER_08]: That's right.

[SPEAKER_08]: But other than that, we had some some other interesting golf news this week. [SPEAKER_08]: And I'm going to see if I can get through this. [SPEAKER_08]: Well, what you're in it, but long and short of it is. [SPEAKER_08]: The PGA tour has laid down rules and a method for. [SPEAKER_08]: um, live golfers to come back into the PGA folds for they so choose.

[SPEAKER_08]: Um, and this is on the heels of live announcing a bunch of changes to their, um, their structure and kind of competitive nature. [SPEAKER_08]: They're moving. [SPEAKER_08]: to instead of three rounds, which is 54 holes, which is why they call it the, what, what, what they call LIV, right, that's 54. [SPEAKER_08]: Right, they're going to, they're going to four rounds, 72 holes, just like the PGA.

[SPEAKER_08]: And the explanation, I think everybody's accepting as real is this gets live players eligible for world golf rankings. [SPEAKER_08]: You know, you can't be eligible for world golf rankings if you're not playing four rounds.

[SPEAKER_08]: So, [SPEAKER_08]: what is live now and it's it's fifty four supposed to be the number and now they're just playing seventy two anyway and it's just a PG [SPEAKER_08]: Yeah, it's just a lame version of the PGA with a bunch of guys that you didn't really want to watch on the PGA and the Saudi money is not really interesting It's a bunch of filmmakers and couldn't really make it happen. [SPEAKER_08]: And it's just not cool.

[SPEAKER_08]: I mean, it's just it's golf with Shorts and shitty music, right? [SPEAKER_08]: Just a bunch of good golfers running around with that Saudi money. [SPEAKER_08]: No, you get time with it. [SPEAKER_08]: You know what? [SPEAKER_08]: I think you were I know you're gonna say that something to steal it from you I think some of this is on the heels if you're gonna play like non-serious golf [SPEAKER_08]: for real.

[SPEAKER_08]: You're going to go do it with Tiger, because Tiger's cooler than Mikkelson and live. [SPEAKER_08]: And there's not room for three golf leagues. [SPEAKER_08]: There's really only room for one and a half. [SPEAKER_08]: And Tiger's got that half locked up. [SPEAKER_08]: So if you want the PGA, you're going to figure out a way. [SPEAKER_08]: I mean, like, does that really where we are? [SPEAKER_10]: The TGL term error.

[SPEAKER_10]: League is catching fire right you know, they had a hole in one last night to on Tiger's team to the last shot to make the playoffs Now when he says TGL, what do you mean just Tiger golf league? [SPEAKER_08]: Yep, right just that would be like had I not known that I wouldn't know what the hell you're talking about Yeah, it's in door. [SPEAKER_10]: It's in there.

[SPEAKER_10]: It's kind of half half real half, you know, computerized and Obviously a lot of fun, but that's just got some riso. [SPEAKER_08]: I mean that's that people that's kind of fun. [SPEAKER_10]: Yes It is and and obviously having Tiger in the house makes it fun, so [SPEAKER_08]: And like us, they don't take themselves too seriously, which I think adds to the appeal, I mean, right?

[SPEAKER_10]: I mean, I'm going to go off script because another guy that reminds me of Tiger Woods, that is much like him is Michael Jordan, and he just won his third NASCAR race. [SPEAKER_10]: And he wrote it. [SPEAKER_10]: It's the first owner ever to win three NASCAR's out of the shoot. [SPEAKER_08]: What can he do? [SPEAKER_10]: Right?

[SPEAKER_10]: I mean, [SPEAKER_08]: I'll tell you he wanted to drive the car with the comfort so they couldn't fold them in there yeah no but you know what's funny though when you see Michael lately he just looks bad he looks like he's just like he's drinking all day he likes the version drink it into the car all day they might get outside for 18 holes but that's I mean just but I guess you know [SPEAKER_10]: He's got to be in his 60s now, right?

[SPEAKER_07]: So on your comparing him to when he'd like, when he played basketball, he was, he was like, crystal tag, you know, of course, yeah, so the finest compared to that, he's, yeah, 400 percent. [SPEAKER_08]: Yeah, maybe it's unrealistic to go. [SPEAKER_08]: He's going to be that way forever, right? [SPEAKER_07]: He's a good, I'll say, the controversial thing. [SPEAKER_07]: He is, he's the greatest.

[SPEAKER_08]: I don't think he would be, he wouldn't be like our other favorite 60 year old, he would be like, he's like, I'm just getting warmed up. [SPEAKER_08]: That's right. [SPEAKER_08]: Yeah. [SPEAKER_08]: Okay, so we don't have to say the number out loud, but it's way younger than we all thought I think is the winner's breed winners. [SPEAKER_06]: That was your play with the NASCAR.

[SPEAKER_10]: It is, I mean, you think about all the experts that have been in there, the Penskees, and all of them, you know, all the years, right? [SPEAKER_10]: Jeff Gordon's, all the long history of tradition and racing, Dick Trickle, right? [SPEAKER_10]: Yeah, just having to, nobody has one, three of the first races, that's amazing. [SPEAKER_10]: I mean, just to beat all the odds of not getting in an accident, you know, whatever else it's pretty, pretty cool. [SPEAKER_10]: Yeah, right.

[SPEAKER_10]: I mean, there's, there's big money in there that, you know, where there's spending Michael Dunn out of money. [SPEAKER_10]: I didn't realize I could have read up on this. [SPEAKER_08]: I didn't realize Yeah, he's dominating another. [SPEAKER_08]: Yeah, I mean, it's, it's pretty crazy. [SPEAKER_08]: Guys reaches crazy. [SPEAKER_08]: Well, relative to, uh, to, uh, to, uh, to golf. [SPEAKER_08]: We're now six, uh, what is it about six weeks away from? [SPEAKER_08]: Hello, friends.

[SPEAKER_08]: That's right. [SPEAKER_08]: Yeah, right from, uh, from the masters. [SPEAKER_08]: We might have to do like a master's pickup or maybe a master's preview. [SPEAKER_08]: We are going to have to do one right. [SPEAKER_08]: We're going to have to break it down. [SPEAKER_08]: Yeah, yeah, we might agree. [SPEAKER_08]: Maybe we could even do a little bit of gambling like right here. [SPEAKER_08]: Yeah, live on the show. [SPEAKER_08]: Yeah, one. [SPEAKER_08]: All right.

[SPEAKER_10]: Yeah, I'm running low. [SPEAKER_10]: You're running low. [SPEAKER_10]: I'm in low, but I think we need to say one more thing in the sports world. [SPEAKER_10]: You know, oh, one more. [SPEAKER_10]: Oh, thank you for the reminder. [SPEAKER_10]: Good. [SPEAKER_10]: No, and we just learned breakfast before we came on here. [SPEAKER_10]: Yeah, the one of the greatest coaching legends of all time, Lou Holtz passed away. [SPEAKER_10]: So now here's to him.

[SPEAKER_08]: Yeah, here's to here's to to coach that's too bad even only a few real men laughed in the world he was definitely one he was Toaster coach holds [SPEAKER_08]: Um, you know, we didn't really talk about the war. [SPEAKER_08]: You want to talk about the war or any of you want to just, you know, let's talk about what do you think? [SPEAKER_08]: What do you think holes would have thought about the war? [SPEAKER_08]: He's an old school dude.

[SPEAKER_08]: What could I, I mean, like old school thinking versus new school thinking? [SPEAKER_08]: I mean, you know, what, what do we think about, uh, I ran? [SPEAKER_08]: You following it, any? [SPEAKER_10]: A little bit, uh, you mean, how can you not? [SPEAKER_10]: It's everywhere, right? [SPEAKER_10]: Yeah. [SPEAKER_10]: Yeah. [SPEAKER_10]: Well, kind of like the US military over in Iran. [SPEAKER_10]: So, you know. [SPEAKER_10]: It's a, it is what it is.

[SPEAKER_10]: It seems like it's a, it's a record that's on repeat here in America every, every so many years we have to get into a conflict at their end, you know, and it's amazing that oil spike is every time it happens. [SPEAKER_10]: And now there's a 1.4 trillion dollar defense budget on the on the table.

[SPEAKER_10]: So, [SPEAKER_10]: You know, it all gets justified for the big spending and now you're getting a cynical person at the table here, but I just don't I don't buy into it Yeah, it's interesting. [SPEAKER_08]: I always view these things through the lens of the market. [SPEAKER_08]: You know, it seemed like Monday when the market opened You know the the 100-day moving average broke on the S&P 500 look like it was gonna be

[SPEAKER_08]: look up below and we were just going to go cascading lower and lower and lower and then it you know market got bought back up i don't know who started buying the market came back up hundreds of points the same thing happened same thing happened Tuesday and uh... what we're recording a Wednesday now and the market is well off its lows for the week and looking like it might turn around and go higher obviously a reflection of the fact that

[SPEAKER_08]: It seems like the conflict has the potential to be short and sweet, not drag on for very long, which I know everybody is in the form, but I guess we should probably say it's good for those of us who don't follow global politics. [SPEAKER_08]: We need to delineate this thing between the Iranian regime, the government, and the Iranian people.

[SPEAKER_08]: So, right, Iran was kind of a destination location for many, many years into the 70s until the then-shop fell and was overthrown by the fundamentalists that have been in charge ever since and they've kind of run the country from a very kind of westernized kind of location with a very diverse economy and lots of tourism and lots of global relationships into like this. [SPEAKER_08]: kind of paved welling kind of fundamentalist kind of picture that we now have of them.

[SPEAKER_08]: So while it's a good thing that we are overthrowing the government, it's also a good thing that we're positioning the people to govern on their own. [SPEAKER_08]: That sounded very serious. [SPEAKER_08]: It did. [SPEAKER_10]: It's like you've been talking to the butcher. [SPEAKER_10]: You know, you kind of know what you're talking about. [SPEAKER_08]: Yeah, well, I mean, it's so rare that you actually get the user. [SPEAKER_08]: political science degree.

[SPEAKER_08]: I'm never going to pass in the opportunity. [SPEAKER_08]: Exactly. [SPEAKER_08]: We get the week at the reference. [SPEAKER_08]: Huh? [SPEAKER_08]: Oh, I can't adjust. [SPEAKER_08]: Oh, it's all right. [SPEAKER_08]: It's going to be fine. [SPEAKER_08]: All right. [SPEAKER_08]: Well, anyway. [SPEAKER_08]: I hope the, here's best to the, to the men and women serving. [SPEAKER_08]: Thanks for your service. [SPEAKER_08]: Thanks for looking out for us. [SPEAKER_08]: For sure.

[SPEAKER_08]: What do you think? [SPEAKER_08]: You want to stoke the fire. [SPEAKER_08]: We'll come back talk a little business. [SPEAKER_08]: We'll come back talk a little business in the air. [SPEAKER_08]: You got it, baby. [SPEAKER_08]: Cheers. [SPEAKER_04]: What happens when work disappoints, when money dissolves? [SPEAKER_04]: And when freedom becomes something you earn, not something you're born with, a new kind of power is rising, not a government, not a corporation, but the algorithm.

[SPEAKER_04]: In the algorithmic state, no jobs, no money, little freedom, Amazon best selling author. [SPEAKER_04]: Bradley J. Martino reveals the world we're stepping into. [SPEAKER_04]: A world where your reputation is computed, your opportunities are filtered, and your identity is shaped by systems that know you better than you know yourself. [SPEAKER_04]: This is not science fiction. [SPEAKER_04]: This is the operating manual of the future forming around us right now.

[SPEAKER_04]: If you want to understand the forces that will define power, belonging, and freedom in the decades ahead, start here. [SPEAKER_04]: The algorithmic state, no jobs, no money, little freedom. [SPEAKER_04]: Available now on Amazon. [SPEAKER_08]: So we definitely should consider building our own agent, need our own cooking, we don't have to talk about this all the time. [SPEAKER_08]: It's not like you have endless hours to do the shit.

[SPEAKER_08]: agent, I don't know whether you'd want to do it, whether you want to use anthropic inside Microsoft or however you want to do it, but give it access, give it a show-based email address, add better with Burban, media, whatever. [SPEAKER_08]: Give it a Microsoft Office account, give it the ability to post on, you know, LinkedIn or Twitter, whatever the least damaging one Twitter probably. [SPEAKER_08]: Let it post on Twitter for a little while and see if it figures out how to do.

[SPEAKER_08]: And then we could build another agent, Perry, that specifically we could give it access to the editing software. [SPEAKER_08]: And then with some examples and say, okay, build a couple of these. [SPEAKER_08]: Like, why would we not? [SPEAKER_07]: It's great idea. [SPEAKER_08]: And we'll give it access to your only fans page as well. [SPEAKER_07]: That's a wonderful idea. [SPEAKER_08]: We could let it build the only fans experience. [SPEAKER_08]: Yeah, right. [SPEAKER_08]: Right.

[SPEAKER_08]: We'd have to name it though. [SPEAKER_08]: What would we name our agent? [SPEAKER_07]: You're giving away our secrets on the air. [SPEAKER_08]: Well, I mean, we honestly, we should probably have people wrote in to name the agent. [SPEAKER_08]: I mean, better with me. [SPEAKER_08]: What would you want to name the agent? [SPEAKER_08]: He'd want to name it. [SPEAKER_08]: What's his dog's name?

[SPEAKER_08]: Yeah, we should name it after gas gas yeah, we'll so maybe we'll do this we'll provide some some updates So we come back on it, but we got a couple new stories this week we should probably get into [SPEAKER_08]: There was some agentic stuff going on.

[SPEAKER_10]: I'm going to have to read some of these details to you because this company is one that I've not heard of before But yeah, and there's since you until you brought it up, but yeah, there was a bunch of companies in the space When you're talking about the You know the coding what the vibe coding is what they call it [SPEAKER_08]: Yeah, exactly, right? [SPEAKER_08]: So this, so 2026 is going to be the year of a genetic development, and we've talked a lot about it.

[SPEAKER_08]: We're going to continue to talk about it with big names. [SPEAKER_08]: But it's neat to hear of more accessible little companies that maybe we could use, you know, in, you know, our business every day. [SPEAKER_08]: Maybe Perry could use this. [SPEAKER_08]: It is place of business. [SPEAKER_08]: Maybe, you know, Michelle and I could use this network. [SPEAKER_10]: Their numbers aren't quite so little, though. [SPEAKER_10]: I mean, they're all right.

[SPEAKER_08]: But this is a company named pigment, and they have a [SPEAKER_08]: And they just hit $100 million in ARR annual run rate recurring revenue, which is a big deal for a business that's when you can start taking debt and getting lines of credit and banks take you seriously and you can hire and get leases and shit like that. [SPEAKER_08]: But it's a big time financial milestone. [SPEAKER_08]: The neat thing about what they do is this is a fully agentic AI model.

[SPEAKER_08]: that can take various spreadsheets that any organization, any middle market business uses, you know, and the use case would be you have a spreadsheet that the head of sales uses, you know, he pulls it out of Salesforce.com or whatever your CRM is to get a weighting of what your pipeline is so you could forecast. [SPEAKER_08]: expected revenue for a month and into a quarter. [SPEAKER_08]: You give that spreadsheet to finance. [SPEAKER_08]: Finance takes off a bit.

[SPEAKER_08]: What it needs so it can figure out how it's going to allocate expense investment, you know, disbursements based on, you know, how you're tracking revenue to quarterly plan, you know, across the year. [SPEAKER_08]: And then hiring says, well, okay. [SPEAKER_08]: if we're at X amount of run rate and we're meeting these revenue goals and we can't hire this number of people as was dictated by the quarterly plan.

[SPEAKER_08]: All of those run different spreadsheets wouldn't be great to have a piece of technology that would using a voice command. [SPEAKER_08]: allow for you as the CEO to say, hey, give me an update on these three variables in a way that I can deliver to the private equity stakeholder when I meet with them later today. [SPEAKER_08]: So it's an agentic tool that uses voice command to do very complicated output missed analysis.

[SPEAKER_08]: And what's neat is it sells always like a two-dimensional, you know, you have up and down based on the columns in the spreadsheet. [SPEAKER_08]: This makes it multi-dimensional because you can

[SPEAKER_10]: Mixing match spreadsheets across different planes so I thought that was very neat because that's something that every company in the world Well, it really opens it up because if you think about the Excel spreadsheet and how many hours that we used to Fumble and fight over the formulas and there and now this is all being done automatically and and now you're integrating probably other You know platforms into this, you know You can make it as 3D Dimensionals as you as you want and as a Attractive visibly attractive is not going to be your typical spreadsheet anymore

[SPEAKER_08]: Well, that's really, I mean, but that's where when you really get into it, what is AI going to do, is it going to take somebody's job? [SPEAKER_08]: Yeah, of course, that is multiple people's jobs. [SPEAKER_08]: But what if what if that person's job instead of maintaining that spreadsheet, which is a very reasonable entry level job that lots of people have coming out of the new name the university here?

[SPEAKER_08]: What if a job turned into instead of maintaining data, you know, one where you were distilling insights from the data and you became actionable and you were able to make recommendations instead of just moving numbers around. [SPEAKER_10]: So yeah, so you're getting into more of the strategy level and this isn't just making level, which I think is where the jobs are going to shift if you're a good worker. [SPEAKER_10]: Of course, there's a disrupt shirt done.

[SPEAKER_10]: It's going to disrupt. [SPEAKER_10]: And in fact, the numbers that came out said that about 12% of the jobs out there in the White column rule right now can be replaced by agents as we speak. [SPEAKER_10]: That's 1.2 trillion in numbers of GDP. [SPEAKER_10]: So that's a big number. [SPEAKER_08]: Well, so where do you fall in this? [SPEAKER_08]: You've written how many books about this. [SPEAKER_08]: So those jobs just gone or how many of those get repurposed.

[SPEAKER_08]: How many of those just get cut? [SPEAKER_08]: Yeah. [SPEAKER_08]: See, here's what I'm interested. [SPEAKER_08]: How many of those get cut?

[SPEAKER_08]: and then replaced later when we know where that capital intensity becomes more right and a lot of more pronounced right they all depends on the company but like work force uh... one of the one of the top uh... tech companies just laid off for you know half their workforce today so you're talking about uh... what's his name uh... uh... the top block square [SPEAKER_08]: Yeah, the block, it wasn't tough, I think it was like 25% of the work.

[SPEAKER_10]: It was a big number, and he didn't replace him. [SPEAKER_10]: He said the AI can do it better than his workers were doing it in cheaper. [SPEAKER_08]: Well, this company that we're talking about here, pigment with this tool. [SPEAKER_08]: Here are some stats about their business. [SPEAKER_08]: 50% or 56% of their new enterprise clients, which are companies like Unilever, Seemons, and Snowflake. [SPEAKER_08]: So these are like definitely like global 1000 kind of names.

[SPEAKER_08]: Left giant legacy ERP programs like Anna Plan and Oracle. [SPEAKER_08]: So if we refer back to what we were talking about last week about these giant ERP systems and how that was a regime and technology adoption in corporate America. [SPEAKER_08]: the new iteration, the modern day iteration of that.

[SPEAKER_08]: It would make sense that some of those large kind of seat-based license-based software providers are going to take a hit because if you can build your own just pay for a central usage model and 20 bucks a month to have your folks use it like we pay for [SPEAKER_08]: anthropic or google or chat GPT, just a regular user's license, you get so much more value out of that.

[SPEAKER_08]: And it really brings in a question, this whole question about how we're software companies make in their money and do you need all the functionality that they sell yet?

[SPEAKER_08]: I mean, Gartner, we used to do studies all the time about how much functionality and [SPEAKER_08]: Oracle's ERP or Salesforce.com's flagship model, you only need 15% of the functionality, but you have to buy a 100% of what the license gives you, and companies are just so tired of that, you waste so much money doing that, and you're locked in in these contracts that run years and years and years and years.

[SPEAKER_08]: So when we look at the market, [SPEAKER_08]: What does any of this stuff, why would anybody care about this company pigment and their product called AI modeler agent and how does that have anything to do with the real world? [SPEAKER_08]: Well, if you've looked at the software development services index, which is a component of the S&P 500, probably the best example would be Microsoft, Microsoft, biggest software company in the world.

[SPEAKER_08]: Microsoft has just been getting murdered for months. [SPEAKER_08]: Murdered for months. [SPEAKER_08]: It's just getting killed. [SPEAKER_08]: 400 bucks. [SPEAKER_08]: It's trying to find a floor at 400 bucks. [SPEAKER_08]: How high was Microsoft that it's peak? [SPEAKER_08]: Was it 600 and changed? [SPEAKER_08]: Well, how high was Microsoft that it's changed? [SPEAKER_08]: Bernie, how do you know it? [SPEAKER_08]: 600 and anyway.

[SPEAKER_08]: Microsoft's just getting it's just getting hammered. [SPEAKER_08]: So it's trying to find a floor. [SPEAKER_08]: And all of this is because everybody who's starting a company no longer has to go pay out the nose for Microsoft Office 365, you can use Google's free shit.

[SPEAKER_08]: develop an agent like we were talking about doing here at the beginning of the you know of the of the segment uh... and build your own software yeah right if you're only gonna use 15% of what you're paying for anyway why wouldn't why would you why just pay the money for a couple months build your own and use it forever make it exactly what you want it particularly if you can do it without coding just do with your voice right yeah

[SPEAKER_08]: They just tell what you want see we get to do this we get to build some software We will talk isn't it what I mean the other office is straight up posters, right? [SPEAKER_10]: Isn't that one anthropic is kind of known for it's exactly what it is exactly and that's why they've they've been so disruptive Although speaking of anthropic maybe it's a good so yeah, you want to talk about anthropic I don't know what they're saying here in the news again this week

[SPEAKER_10]: Yeah, just to say that fall up that the Pentagon did make a final decision and they didn't come to terms and so they decided to drop anthropic not only from the Pentagon, but every federal agency. [SPEAKER_10]: So, wow, through an executive order of Trump. [SPEAKER_08]: So, just so, okay, so what do we think about this? [SPEAKER_08]: We've kind of made fun of [SPEAKER_08]: Dario's desire to talk his book.

[SPEAKER_08]: So either he's really committed to this charade that he's playing, or he might not be really best suited for that job. [SPEAKER_08]: I mean, if he's going to tell the biggest customer in the world, no, you can't find my shit. [SPEAKER_08]: Should he be running that company? [SPEAKER_08]: Isn't this CEO's job to sell the product? [SPEAKER_08]: Hey, when you're CEO of a company, isn't your job to help sell the product?

[SPEAKER_08]: We're going to multiple CEO's here in the... Yeah, and I think what he's... [SPEAKER_08]: I think what he's wrestling with is that when you run a mission you talk yourself right out of a giant contract No The scenes that Adario's his own worst enemy

[SPEAKER_10]: I mean, holy shit, I mean, it probably wasn't the the smartest financial, certainly short-term financial decision, but okay, like we were talking last week, you know, by putting his foot down, he's getting a lot of free press off of this. [SPEAKER_10]: He's making a statement that, you know, he is about the responsible AI component of this development. [SPEAKER_10]: which is which is a big push. [SPEAKER_10]: I mean, it's a big push out there in the governance world.

[SPEAKER_10]: It's a big push. [SPEAKER_10]: In the enterprise world, you know, everybody else's Russian soul haphazardly. [SPEAKER_10]: And Darryl has been, you know, very outspoken on a lot of podcasts about what can happen if we go too quick too fast. [SPEAKER_08]: He can still afford the good headphones. [SPEAKER_08]: Yeah, he can. [SPEAKER_08]: Papy van Winkle, if he wants it. [SPEAKER_08]: I mean, there's no numbers. [SPEAKER_10]: Yeah, the value is for now. [SPEAKER_10]: Yeah, for now.

[SPEAKER_10]: For now, all right. [SPEAKER_10]: But his platform is good. [SPEAKER_10]: And that's why the government wanted it. [SPEAKER_10]: I mean, and just like you were saying, he did change the coding world and he disrupted the coding world. [SPEAKER_10]: We saw that in the stock market when they said they have a patch for cybersecurity that it can immediately detect anything right away and give you the fix.

[SPEAKER_08]: Yeah, let's detail on that and throw up it came out with a product was this last week or this week that basically said, yeah, it can evaluate cybersecurity code. [SPEAKER_08]: Um, understand what it's reading and then patch it without human intervention right then are you serious yeah how how many network engineer and security you know data sack people you know Immediately lost their stomach on that one. [SPEAKER_08]: I mean, that's a lot of high paying jobs.

[SPEAKER_08]: It is a lot of high paying jobs And I don't have the answer to that one. [SPEAKER_10]: It's just the beginning. [SPEAKER_10]: So no, right.

[SPEAKER_10]: You know, they're obviously going to continue to train and continue to figure out what's going on and probably better so than a human being can do to stay ahead of ahead of the curve or the technology [SPEAKER_08]: you know gaps are well yeah definitely you uh you wrote an article this week the kind of touches on a lot of this stuff I read it today on LinkedIn it was pretty sweet thanks tell us what your article was about

[SPEAKER_10]: Well, it's kind of flies in the face, at least at first glance of the next thing we're going to talk about, and that is the partnership between OpenAI and AWS on the frontier level, on their agentic. [SPEAKER_10]: But it's saying that, you know, major, [SPEAKER_10]: major enterprises and organizations are not finding that the front-tier models, the larger MML models are working for them because they're too big, they're too complex and they carry too much risk.

[SPEAKER_08]: Okay, so hold on here. [SPEAKER_08]: Let's just contextually. [SPEAKER_08]: You're saying that the big LLMs, the big ones that we all know that we started talking about for weeks and weeks, Gemini, open AI, what the fuck? [SPEAKER_08]: What the fuck? [SPEAKER_07]: That's almost like Cardi walkin' over grabbing a bottle at the, I was hilarious. [SPEAKER_08]: Right, right, so, so getting back to this, so what you're saying is that the big.

[SPEAKER_08]: Frontier all the models you're open AI, your Gemini, your Claude, your GROCK, the ones that we've spent all this time in money training and developing are no longer suitable for a lot of specialized applications. [SPEAKER_08]: Is that what you're saying? [SPEAKER_08]: And what are we doing instead of that?

[SPEAKER_10]: what is the next evolution and it's not even specialized applications it's the normal applications that these companies were trying to utilize them for and they found they just to be just to be too generic, too big, too risky, and why risky explain that. [SPEAKER_10]: Well, because you have so much data, you have the cloud out there, you're leaving the premises, so you have the data leakage issues.

[SPEAKER_08]: Okay, so what you're saying is that to use those frontier models as they exist, as we as consumers use them.

[SPEAKER_08]: what you got to do as a company as you got to put your data in that context window right send it away right to somebody else's server right you don't know anymore right you don't know anymore there's no guarantees that people aren't reading that data consuming it do what they want with it stealing it like we found out last week them fucking deep-seek people in china are taking that ok so what you're saying is

[SPEAKER_08]: this new paradigm allows for more control over the data because those models can be run locally on-premise again, right? [SPEAKER_08]: For what? [SPEAKER_08]: That's a real departure from the world of enterprise computing over the last 20 years. [SPEAKER_08]: It's a huge departure.

[SPEAKER_10]: What they're finding is that the localized self-contained models can do most of the administrative, you know, repetitive tasks and [SPEAKER_08]: right so okay so so why okay so let me just let's just continue to break this down so what you're saying is that when chat gbt4 was released and we're like holy shit this can do so much stuff that nobody could ever do before um the problem with it

[SPEAKER_08]: You know, now versus what was it five months ago, six months ago when Chad GPT 4 came out is that every time you put anything in that context window, the full model had to run, right? [SPEAKER_08]: All the safeguards, all the stuff you didn't want, all the stuff you might be asking a question about cooking. [SPEAKER_08]: And it still has to run through all the shift that it knows about molecular biology and surface tension.

[SPEAKER_08]: And all you want to know is how much sugar to put in the cookies, right? [SPEAKER_08]: OK. [SPEAKER_08]: So what you're saying is that now today, new models are being trained using this distillation process that we're talking about, right? [SPEAKER_08]: To do very specific sets of domain-specific tasks, right?

[SPEAKER_08]: OK, so these are [SPEAKER_08]: agents and these are going to be deployed into whether they be vertical marketplaces like financial services or legal or manufacturing or horizontal marketplaces. [SPEAKER_08]: They'll be agents for financial professionals, right? [SPEAKER_08]: Agents for legal professionals, right? [SPEAKER_08]: No matter what industry you're working at. [SPEAKER_10]: But let's say for a lot more controllable. [SPEAKER_10]: Yeah, right, right, right, right.

[SPEAKER_10]: And that's the biggest issue that they're having is we're able to control it. [SPEAKER_10]: We're able to control the biases that came out of it. [SPEAKER_10]: We're able to control the drifting that came out of it. [SPEAKER_10]: And a smaller model allows you to govern that. [SPEAKER_08]: Oh, it allows you to govern it. [SPEAKER_10]: It allows you to, it allows you to, it allows you to disperse in a lot of terms. [SPEAKER_10]: Yeah, why not?

[SPEAKER_10]: So all that makes a big difference. [SPEAKER_10]: and that's what your article was about and that's essentially what it was about. [SPEAKER_08]: Nice. [SPEAKER_08]: Nice. [SPEAKER_08]: You should read it. [SPEAKER_08]: It's on it's on LinkedIn and you know comment like and just like you're going to do for this episode, you know, shout, Bradley out, ask him some questions. [SPEAKER_08]: Hell, you might ask him a question. [SPEAKER_08]: I might answer it.

[SPEAKER_08]: Yeah, where in it? [SPEAKER_08]: I mean, like when you're a friend. [SPEAKER_08]: Yeah, right, right. [SPEAKER_08]: You probably won't have to answer [SPEAKER_08]: what else happened so we did we talked about this new going back to what we talked about last week we talked a lot about again with his agentic theme open a i last week came out with this frontier program with all the consulting firms and we talked about the four that we're going to go out and help companies

[SPEAKER_08]: From a market, they had another announcement this week where they said, and this was an interesting one, because given my open AI has a long-standing, very deep relationship with Microsoft. [SPEAKER_08]: They do? [SPEAKER_08]: Okay. [SPEAKER_08]: And Microsoft has a cloud product called Azure, very well ingrained in corporate America. [SPEAKER_08]: Very well. [SPEAKER_08]: There are number one competitor is AWS, right? [SPEAKER_08]: Amazon Web Services.

[SPEAKER_08]: So Amazon and Microsoft compete big time. [SPEAKER_08]: Open AI has this day one rider die relationship with Microsoft, but this week they announced a brand new partnership with with with with with with AWS for their frontier agentic model. [SPEAKER_08]: Yep, okay, and and what did you what can you give us any details about this thing. [SPEAKER_10]: They're going to use a WS cloud exclusively for it. [SPEAKER_10]: So it's it's going to instantly again for open AI.

[SPEAKER_10]: allow them to globally reach out into all of these existing clients of AWS and Amazon. [SPEAKER_10]: It's going to immediately have an impact, but on the other hand, you know, obviously there's something in it for Amazon as well. [SPEAKER_10]: For the 50 billion dollars that they're investing, they're being guaranteed by open AI that they're going to utilize up to two gigawatts of their data center power.

[SPEAKER_08]: Right, so back to this data center thing that we're talking about. [SPEAKER_08]: So everybody's making deals for nice to have based around the thing that everybody needs, which is compute capability and guaranteed space to run these workloads. [SPEAKER_10]: which again, that just kind of solidifies their build out. [SPEAKER_10]: And two gigawatts, how many homes is that power? [SPEAKER_10]: I think it's like one and a half million homes. [SPEAKER_10]: It's a lot of power, you know?

[SPEAKER_10]: Okay, so I got some crazy stats on this. [SPEAKER_08]: Yeah, okay, so in addition to this, in addition to this. [SPEAKER_08]: there's going to be a fifty billion dollar investment uh... amazon is going to throw at open a i now keep in mind i can't remember the number what was it something like was it eight was it eight [SPEAKER_08]: trillion when I will have to come back and review. [SPEAKER_08]: But okay, so 50 billion is coming from Amazon.

[SPEAKER_08]: Okay. [SPEAKER_08]: This is a massive amount of money. [SPEAKER_08]: And it values open AI. [SPEAKER_08]: The level at which that investment was made. [SPEAKER_08]: Values open AI at 730 billion dollars. [SPEAKER_08]: That's a big number. [SPEAKER_08]: Okay. [SPEAKER_08]: So 730 billion dollars. [SPEAKER_08]: Open AI is a private company. [SPEAKER_08]: But. [SPEAKER_08]: 730 billion dollars is get this it's Starbucks plus Netflix plus McDonald's.

[SPEAKER_08]: That's how big open AI is now financially. [SPEAKER_08]: Starbucks plus Netflix plus McDonald's or we can do it again. [SPEAKER_08]: X on mobile plus target. [SPEAKER_08]: That's how big it didn't even make any sense. [SPEAKER_07]: It's turning into an Austin Powers. [SPEAKER_07]: It really is. [SPEAKER_10]: Well, and it's the partnerships, it's just like what they did last week with the top consulting firms.

[SPEAKER_10]: They're instantly ingrained with all these Fortune 1000 companies because of that. [SPEAKER_10]: And now with AWS, you're instantly on their bedrock infrastructure. [SPEAKER_10]: You're instantly with everybody that has that enterprise level and again, this [SPEAKER_10]: back to what I was writing about this morning, it gets to your, you're targeting a very narrow group here because it's, it is the enterprise frontier level that you're targeting.

[SPEAKER_10]: So it is only going to be the complex, uh, agentic work that's been done, the research work, the PhD type work, but these companies also have. [SPEAKER_08]: that their endless budgets to allocate toward tokenization. [SPEAKER_08]: Yeah, endless budget. [SPEAKER_08]: I mean, that's why these companies are so interested in going out and helping the insert name of company here, FedEx, McDonald's, whatever, you know, the AI workloads they're going to generate are just massive.

[SPEAKER_08]: Just like web traffic was back in 1995, it was this big, and now it's this big. [SPEAKER_10]: Well, and if you recall when we were talking about OpenAI, one of the largest investors in OpenAI is Microsoft. [SPEAKER_10]: So they have a 26 to 28% interest. [SPEAKER_10]: And so after this was kind of being heard about and it was getting out into the marketplace, OpenAI, and Microsoft came out and said, no, this doesn't affect our relationship one bit.

[SPEAKER_10]: We're still exactly where we were when we started. [SPEAKER_10]: Yeah, well, going to be right where we are after this. [SPEAKER_10]: So I think what's happening is [SPEAKER_10]: is opening eyes trying to figure a way to raise the money that they thought they had from the video. [SPEAKER_10]: You know what's uh, Jensen backed off of his $100 million uh Yeah, interesting coming back to the story. [SPEAKER_08]: The previously talked about right $100 million.

[SPEAKER_10]: Yeah, $100 million. [SPEAKER_10]: Yeah. [SPEAKER_08]: Isn't it funny? [SPEAKER_08]: Wouldn't it be amazing if this were like a kid if like open AI were like an unruly teenager. [SPEAKER_08]: Just run in back and forth between like aunts and uncles, back and for money. [SPEAKER_10]: It's kind of why I feel like playing Sam once playing the field, right? [SPEAKER_08]: Yeah, right.

[SPEAKER_08]: I'm like crazy anchor through the off of Uncle Richard, because he's drunk and knows that, you know, right? [SPEAKER_08]: And that's what it feels like going on, right? [SPEAKER_08]: It's kind of what it feels like, done it. [SPEAKER_07]: Yeah, right. [SPEAKER_07]: So where's Elon Musk in it? [SPEAKER_07]: All of this. [SPEAKER_07]: He's caught his name. [SPEAKER_10]: Yeah, all of a sudden, he's not going to Mars, he's hopefully maybe getting to the moon.

[SPEAKER_10]: Yeah, I think he's put his stuff on. [SPEAKER_07]: I heard they canceled that as well. [SPEAKER_10]: Art of the End. [SPEAKER_10]: So they had a combination, their company is joined, right? [SPEAKER_10]: So that was like the biggest, which we haven't really talked about. [SPEAKER_10]: Yeah, it's rock I folded into. [SPEAKER_10]: Yeah, everything kind of unfolded into Tesla? [SPEAKER_10]: No, it's SpaceX. [SPEAKER_10]: Or SpaceX?

[SPEAKER_10]: Yeah. [SPEAKER_10]: So, you know, that's a big move for him. [SPEAKER_10]: You know, personally, obviously, it's a big move for the capitalization of that company. [SPEAKER_10]: He's been kind of laughed at. [SPEAKER_10]: Same oldman said the idea of doing was absurd, right? [SPEAKER_08]: Yeah. [SPEAKER_10]: Space data centers just isn't going to happen. [SPEAKER_10]: That's absolutely absurd. [SPEAKER_08]: Somebody take that phone away from him. [SPEAKER_08]: That's right.

[SPEAKER_08]: That's right. [SPEAKER_08]: Bailliff. [SPEAKER_08]: Yeah, anyway, right, but they said, but this is, I mean, one that story that Elon was telling was a little bit wild because it sounds like science fiction, and I know that he's succeeded in this area before, but like when you think about the advances just in the way models are being rolled out, [SPEAKER_08]: you're going to ask the question like is that necessary right now like would you take the risk to do that?

[SPEAKER_08]: Now, when you have no idea what chip architectures are going to look like, I mean, look what chip architectures have done in the last like just 24 months. [SPEAKER_08]: Amazing. [SPEAKER_10]: Yeah, they're getting a lot more efficient. [SPEAKER_10]: They're getting wild. [SPEAKER_10]: Yeah. [SPEAKER_10]: So that's going to change everything, you know, in the next year or two.

[SPEAKER_10]: And I think that's where the focus needs to be [SPEAKER_10]: But Elon has a self-serving interest, obviously, to use his spaceships, to take data centers to the outer space world and it's satellites. [SPEAKER_10]: You know, we're obviously going to feed it. [SPEAKER_08]: So there's an Elon runs a self-contained. [SPEAKER_08]: He makes his own chips. [SPEAKER_08]: He has his own communications protocols.

[SPEAKER_08]: Everything is self-contained, which is why Tesla has the ability to drive on its own and other cars don't.

[SPEAKER_08]: We go back to OpenAI like one of the things that they're clearly doing is remember all the conversations we've had about them before comes back to in video and whether they can get in video chips or whether they have all the in video chips or whether they're getting them first or second and how many they're getting and how much money in video is going to give them that they're going to get back to in video for their chips and all the circular financing bullshit that we've been talking about forever.

[SPEAKER_08]: This is really interesting because it's pretty clear that OpenAI is trying to put a buffer between them and their total reliance on Nvidia because AWS is going to use AWS proprietary chips for this.

[SPEAKER_10]: But yeah, it sounds like they are they're using the art the chip, but Jensen also came out in talking about this deal and said we are they're here and up to be able to make more chips So they want to be able to provide everybody with as many chips as they need because they said their return on investment is going to be amazing.

[SPEAKER_08]: So Well, yeah, but yeah, but that's that has nothing to do with why open AI would [SPEAKER_08]: openly make the choice to not buy in video chips. [SPEAKER_10]: Well, it's the only one that to diversify after this point because then the video chips are not available. [SPEAKER_10]: But what they're saying is they will be available in the future. [SPEAKER_10]: So at this moment, it makes a lot of sense to diversify. [SPEAKER_10]: It also makes a lot of sense.

[SPEAKER_08]: Well, why is the question? [SPEAKER_08]: I think that you say at this moment, it makes sense to diversify. [SPEAKER_08]: Because you don't need Vera Rubin chips running every aspect of both training and inference anymore. [SPEAKER_08]: You just don't. [SPEAKER_08]: You can run inference using specialized chips, just like anthropic is proven.

[SPEAKER_08]: And that's [SPEAKER_08]: I guess why they're doing this with AWS now, because you don't need to, again, the frontier models trained, right? [SPEAKER_08]: No continue to train new frontier models on those super high-end chips, but in for most, and 90% of what they're doing. [SPEAKER_08]: The game now is, is, you know, the agentec move. [SPEAKER_08]: They don't need more better AI models than any more better agents. [SPEAKER_10]: That's right, right.

[SPEAKER_10]: And say for spots, and so that's what AWS provides them as that environment. [SPEAKER_08]: You think we should take a break. [SPEAKER_08]: I think we should come back fill up. [SPEAKER_08]: Yeah, follow up. [SPEAKER_08]: Come back and close this down It was a little gibberish. [SPEAKER_08]: We'll close it up with something some real instant out.

[SPEAKER_08]: It's some town right that's right some town right horse-fucking All right here's here's all right [SPEAKER_04]: what happens when work disappears, when money dissolves and when freedom becomes something you earn, not something you're born with, a new kind of power is rising, not a government, not a corporation, but the algorithm. [SPEAKER_04]: In the algorithmic state, no jobs, no money, little freedom, Amazon best selling author.

[SPEAKER_04]: Bradley J. Martino reveals the world we're stepping into. [SPEAKER_04]: A world where your reputation is computed, your opportunities are filtered and your identity is shaped by systems that know you better than you know yourself. [SPEAKER_04]: This is not science fiction. [SPEAKER_04]: This is the operating manual of the future forming around us right now.

[SPEAKER_04]: If you want to understand the forces that will define power, belonging, and freedom in the decades ahead, [SPEAKER_04]: The algorithmic state, no jobs, no money, little freedom, available now on Amazon. [SPEAKER_08]: We are on the air. [SPEAKER_08]: Nice. [SPEAKER_08]: Okay, so welcome back. [SPEAKER_08]: Fast-thinking smooth-drinking. [SPEAKER_07]: But it's going down. [SPEAKER_08]: Where's going up? [SPEAKER_08]: Yeah, right. [SPEAKER_08]: The fire is gorgeous tonight.

[SPEAKER_08]: I'll tell you, you know. [SPEAKER_07]: That might be the best fire we've had. [SPEAKER_07]: Thank you. [SPEAKER_07]: Thank you. [SPEAKER_07]: Seven, two months or whatever we've been doing. [SPEAKER_08]: Our librisca, he level is almost, you know, our librisca, yeah, our librisca. [SPEAKER_07]: We need to discuss librisca, the some point with Lou. [SPEAKER_08]: Yeah, okay, we're going to get Lou here. [SPEAKER_08]: We're going to get Cardi back in the studio for that one.

[SPEAKER_08]: We will, you know, and I don't know, Cardi's not welcome. [SPEAKER_08]: Cardi's not welcome. [SPEAKER_08]: I'm not sure we gave Penelope a review that, I mean, I'm enjoying drinking this. [SPEAKER_08]: Maybe that's probably the most important thing. [SPEAKER_08]: We're down to the last third of the last quarter of the bottle. [SPEAKER_10]: Yeah, there'll be nothing left at the end of that. [SPEAKER_10]: I guarantee it. [SPEAKER_08]: Yeah, there'll be nothing left.

[SPEAKER_10]: Right. [SPEAKER_08]: Yeah, so we we're we're endorsing Penalope. [SPEAKER_10]: We are we definitely are endorsing it. [SPEAKER_10]: I'm not like that. [SPEAKER_10]: We added it to our repertoire. [SPEAKER_10]: We're going to have to get the graph out there where we we do rated on our different four point check list. [SPEAKER_08]: Yeah, the the the barobino made it. [SPEAKER_08]: What's the the bourbon. [SPEAKER_08]: What's it.

[SPEAKER_08]: bourbon hometer the bourbon hometer age you have to know it you're right the bourbon hometer is drop in like the market did on Monday and Monday and it's going down I mean should we talk about the market?

[SPEAKER_08]: I think we should talk about the market a little bit because when it's been in the news all week and what I said what I said class should we start with we talk about stocks or stocks yeah because I mean that was the first and foremost okay well we let the cut out of the bag a little bit on this on Monday Monday Tuesday we had a break [SPEAKER_08]: Now, we're talking about the S&P 500, the SPX, broke the 100-day moving average, which is a really important technical indicator.

[SPEAKER_08]: There are a couple of things going on here. [SPEAKER_08]: Number one, we've been essentially going sideways since October. [SPEAKER_08]: In my field like the market's been, you know, really up at points and really down at other points. [SPEAKER_08]: We went sideways for five months now. [SPEAKER_08]: Number two, the high in the S&P was just above 7,000, 7,000, too.

[SPEAKER_08]: And then our lowest point this week, even though it felt like the world was ending there for a hot second, if you were in some of these fast-moving stocks, the market itself was only down 4.2% from its peak to its trough. [SPEAKER_08]: And from its high to its lows down 4.2%. [SPEAKER_08]: Now that's the S&P.

[SPEAKER_08]: A lot of the fast-moving tech names, certainly the companies that we've been talking about today, your nebias, anything having to do with Neoclouds, your applied digital, your Iran, your core weave, any of the A. [SPEAKER_08]: The hell's a Neocloud? [SPEAKER_08]: So what? [SPEAKER_08]: Neocloud. [SPEAKER_08]: What's that? [SPEAKER_08]: Neocloud? [SPEAKER_08]: Yeah. [SPEAKER_08]: That's a good question. [SPEAKER_08]: It's a great question.

[SPEAKER_08]: Yeah, if you have to talk to the lay people here. [SPEAKER_08]: Neocloud, oh shit, I just spit. [SPEAKER_08]: Neocloud companies are the companies like Corweave, Nibbius, and Applied Digital. [SPEAKER_08]: that are putting together these series of data centers where they're essentially renting out those super high-end server spaces to corporate clients. [SPEAKER_08]: Right, because not everybody's going to build their own data center.

[SPEAKER_08]: You're going to build a couple and you might run a couple. [SPEAKER_08]: It's digital real estate. [SPEAKER_08]: Yes, digital real estate. [SPEAKER_10]: You can rent it by the minute. [SPEAKER_10]: You can rent it by the hour. [SPEAKER_10]: You can rent it by the month, by the week, by the year. [SPEAKER_07]: Kind of like what you had originally [SPEAKER_08]: Yeah, so neo-clouds just like it's a it's a type of provider.

[SPEAKER_08]: They're like a digital real estate company That's really good analogy brand. [SPEAKER_10]: Anyway Yes, I mean the most well anybody can rent it but the most likely players to rent it because it's not cheap I mean you're you're talking [SPEAKER_10]: for a minute of compute time, four to five dollars. [SPEAKER_10]: I mean, it gets expensive after a while when he's done adding up the training time on these servers. [SPEAKER_10]: So they spend, yeah, that's a good point.

[SPEAKER_10]: So you can see what they're making. [SPEAKER_10]: If they have time, if they have that kind of money, they have the advertising on the server. [SPEAKER_08]: So anyway, they rent them by the token, right? [SPEAKER_08]: It's basically you rent it by the unit of output. [SPEAKER_08]: So anyway, so yeah, anyway, so all these stocks have been even though the market's only down 4% from top to bottom earlier this week, I felt like the world was going to end.

[SPEAKER_08]: The market's fine, I think having to do with data centers or software is no bueno, no fly zone right now, and in fact, they've been just getting pummeled. [SPEAKER_08]: Interestingly though, because I am an anti consensus in nature, I actually did some buying for the home team last week in a couple of these stocks. [SPEAKER_08]: A couple in my own account, a couple for the lady, and I try not to, I'm not fast and loose with the, you know, with the home team's money.

[SPEAKER_08]: I try to play that by the books. [SPEAKER_08]: I know you are. [SPEAKER_08]: But everything was on sale last week. [SPEAKER_10]: It feels like it's definitely on sale, and I would say that the market is being resilient. [SPEAKER_08]: Yeah, you know what I mean? [SPEAKER_08]: Well, even against the response to the action and I ran what seems like we're succeeding so much. [SPEAKER_10]: Right, but still, that could be uncertainty.

[SPEAKER_10]: Right, and so you know, that puts it into the market. [SPEAKER_10]: You also have the job reports which are concerning every time they come out, which it gets back to AI. [SPEAKER_10]: I mean jobs are being lost and through it. [SPEAKER_08]: Yeah, that's what really happens underneath the surface and here's what really matters. [SPEAKER_08]: And I know that's exactly what the press will tell you is driving the market. [SPEAKER_08]: That's not what's driving the market.

[SPEAKER_08]: We're driving the market as liquidity and we're coming out of a period where historically there's just not a lot of money in the Treasury General account at this point in the year, but we're coming into tax season, right? [SPEAKER_08]: And in tax season when we move into the spring, everybody does what? [SPEAKER_08]: You send money to the government because you owe your taxes.

[SPEAKER_08]: And at that point, [SPEAKER_08]: everything having to do with downstream effects from government liquidity the whole way through to commercial banks all have a wash of liquidity and that's going to happen this year. [SPEAKER_08]: So it feels like money's coming back into the market even though there have been many many reasons to not participate.

[SPEAKER_08]: All that horseshoed about Minneapolis and the fact we're going to have a civil war how quickly that's gone away the real war that we're having in Iran That seems to be working out. [SPEAKER_08]: I'm really interested to find out more about what's going on with You know anyapolis and California and some of these some of these these broad schemes. [SPEAKER_08]: Would you say Canada? [SPEAKER_08]: Yeah [SPEAKER_08]: I mean, I mean, honestly, I love Canada.

[SPEAKER_08]: I would love to take a vacation to Montréal this summer and go up there and do a little partly boo with the with the with the ladies up there, Montréal. [SPEAKER_08]: I mean, Montréal is a city full of beautiful women and good food. [SPEAKER_08]: If I do that. [SPEAKER_07]: Thank you. [SPEAKER_07]: Venge of the fact that yours doesn't watch the show. [SPEAKER_07]: Nicely played. [SPEAKER_08]: Anyway. [SPEAKER_08]: Yeah. [SPEAKER_08]: Yeah. [SPEAKER_08]: But yeah, markets.

[SPEAKER_08]: French speaking ladies. [SPEAKER_08]: But you know what the, you know, we have, I think money's coming back in a risk assets because it's coming out of Golden Silver. [SPEAKER_08]: I mean, we've, this, this, because of this war stuff, you had a huge spike in Golden Silver last week and it just seems like that was money that's coming right. [SPEAKER_10]: right back out. [SPEAKER_10]: Yeah, right back out. [SPEAKER_10]: Well, it's definitely going somewhere, right?

[SPEAKER_08]: So, well, Linda, into oil, oils up oils up, oils up time. [SPEAKER_10]: But again, it always seems like every time there's a conflict over in every end that oil spikes, well, that's the playbook. [SPEAKER_08]: I honestly, I think that if we take [SPEAKER_08]: a recent history as a play, there are some, I think the administration is playing 3D chaps. [SPEAKER_08]: This isn't checkers, right?

[SPEAKER_08]: When they did what they did in South America, what was the country we just took from the earth out of Venezuela, yeah, and we essentially control that oil now.

[SPEAKER_08]: Venezuela sold oil to who on the global stage it was China and Russia right right and now we're over messing with Iran who sells the majority of their oil to who China and Russia and we're giving them the opportunity to choose to govern themselves into more responsible way and I'm sure that we'll offer the opportunity to help them manage their oil surplus for a fee at somewhere and so that while this has the near term effect of making oil spike I think long term this has a

[SPEAKER_08]: You know, a very, I think if the Venezuelan president has any kind of bearing on where we're going to see what prices come down long term, I ran being out of the markets a good thing. [SPEAKER_10]: I think it would be for our domestic players. [SPEAKER_08]: Certainly be good for Europe. [SPEAKER_08]: I agree. [SPEAKER_08]: Iran gives China oil.

[SPEAKER_08]: China gives Iran rare earth metals back that are necessary to build batteries that go into drones because Iran is a major drone producer, right? [SPEAKER_10]: And the question was, is there any interplay between Iran and China, because oil is one of the things that China probably does not produce on its own? [SPEAKER_10]: No, they really don't, yeah, no. [SPEAKER_10]: So they have to buy it. [SPEAKER_10]: So they have to buy it and they're very rely on Iran.

[SPEAKER_10]: They don't want to be rely on us, of course. [SPEAKER_10]: So we would just like we've been selling coal and the coal and the coal has been working out well for our domestic. [SPEAKER_08]: Okay, yeah, right, yeah, and I'm making good care of the Chinese. [SPEAKER_07]: That's right. [SPEAKER_07]: It's a cool. [SPEAKER_08]: Yeah, but you know, I don't know.

[SPEAKER_08]: I mean, I think that I don't know, with it, any war at all it takes is a missile landing somewhere in the markets could cascade lower for, you know, weeks and months on end, but you know, it was kind of all striking to me to just watching on the news. [SPEAKER_10]: Yeah, is the, is the, is a few, but it happened in Dubai.

[SPEAKER_10]: You know, Dubai being this beautiful multi-billion dollar brand new city that's high tech [SPEAKER_08]: And here you see it under attack, you know, it's, well, so we should probably, this is, here's another opportunity to, to nerd out with our, our listeners, then like look, there's two different types of Muslims, right, there is the, there is the Suni Muslim, and then there is the Shia Muslim.

[SPEAKER_08]: So when you talk about Dubai and Saudi Arabia, [SPEAKER_08]: Um, a lot of those folks tend to be SUNY in their orientation, right? [SPEAKER_08]: Um, and these are your, um, you know, your high-end oil magnets. [SPEAKER_08]: If we're trying to create kind of a stereotype there, educated their Western, they come to school in the US and go back and have very Westernized kind of ideas about how to run family business, typically around oil.

[SPEAKER_08]: But then there's the shea side, the shea, and again, we're generalizing for the sake of our Western Pennsylvania kind of middle-aged middle-class audience here. [SPEAKER_08]: So, you know, somebody could take a fence at this, please don't. [SPEAKER_08]: The shea are tend to be your kind of fundamentalist, you know, alter-conservative, Muslim head, you know, who will chop off heads and take, you know, death of the West and all that stuff.

[SPEAKER_08]: So, [SPEAKER_08]: We have a definite future with one of those teams that would be the SUNY side and US relations with SUNY Muslims are going really well. [SPEAKER_08]: And I think the idea here is if we get rid of this kind of fundamental issue, a sack that's running Iran.

[SPEAKER_08]: The people in Iran might have an opportunity to join the kind of broader kind of prosperity in the region and maybe make good with Israel and we can all get along in the new era of prosperity which, [SPEAKER_08]: would unleash a global wave of liquidity which would support what's going on in crypto right now. [SPEAKER_08]: Yeah. [SPEAKER_08]: Crypto has found a bottom. [SPEAKER_08]: I think it has. [SPEAKER_08]: The right. [SPEAKER_08]: Well, okay.

[SPEAKER_08]: When crypto went into the last crypto winter which was 2022 to 2023 when we started raising interest rates. [SPEAKER_08]: I looked at this just the other day. [SPEAKER_08]: Interestingly, that it went down for a year. [SPEAKER_08]: Exactly. [SPEAKER_08]: Exactly 12 months. [SPEAKER_08]: All right. [SPEAKER_08]: October 2 October and at last I believe the number was I think it's 77% of its value that was 2022 to 2023 which last time Crypto really got waxed.

[SPEAKER_08]: 2023 at bottom we started cutting rates crypto sky rockets up to the current iteration and it's up I don't know what percentage but it's up a lot the current correction in crypto is nothing like that correction that went on for exactly 12 months the current correction from october and it's been going on about five months and even though it's been going on less than half the amount of time

[SPEAKER_08]: the fall, the total fall in 2022, 23 was 77% crypto top to bottom and this fall was down about 55% maybe close to 60% and as now started to bounce back up so the question is is this a dead cat bounce that leads to a lower low or is this sustainable and the only way that get answer gets answered is with global liquidity right and you know when we think about [SPEAKER_08]: Could this free up global markets?

[SPEAKER_08]: Would it be good if we had We perpetuated the dollar-based system would that bring dollars back into the U.S. Yeah, it definitely would because we've had dollars fleeing U.S. selling Treasury's buying gold. [SPEAKER_08]: That's not good. [SPEAKER_10]: And a lot of the other assets are at their all-time highs. [SPEAKER_10]: So, you know, people are taking their money and they're trying to reinvest into somewhere where they feel like there's still value to be had.

[SPEAKER_08]: Yeah, what's on sale? [SPEAKER_08]: It seems like crypto doesn't sell. [SPEAKER_08]: Yeah, crypto doesn't sell right now. [SPEAKER_08]: Yeah, it's funny. [SPEAKER_08]: When gold continues to keep pushing higher and higher, but silver and platinum and the miners are struggling to keep pace with gold, it tells you that that precious metal's trade is over its peak and kind of getting longer than the tooth.

[SPEAKER_08]: I think eventually we're going to see somebody start to come out of that space and work its way back into some of those data center-high-flime tech stocks. [SPEAKER_08]: That's actually when I'm [SPEAKER_08]: baton. [SPEAKER_08]: We bought some real fast movers, galaxy digital glps. [SPEAKER_08]: Why? [SPEAKER_08]: You've been talking about good. [SPEAKER_08]: Yeah, I love it.

[SPEAKER_08]: So that was, if we go back to our prediction episode, that was the one I thought maybe like a big banquet by them. [SPEAKER_08]: They are ripping, I think they were up like 16, 17% today. [SPEAKER_08]: Yeah, get, get, get it up. [SPEAKER_08]: There you go. [SPEAKER_08]: Yeah, that's a home team on that. [SPEAKER_08]: Samsung hasn't moved a bit. [SPEAKER_08]: Well, I don't know. [SPEAKER_08]: It seems like it's too big. [SPEAKER_08]: It's like you eat it.

[SPEAKER_08]: Yeah. [SPEAKER_10]: I mean, like you might be, but there's one of the biggest producers and chips and I think that. [SPEAKER_08]: Well, of course, but they may also are the biggest producer of TV screens. [SPEAKER_08]: I know. [SPEAKER_08]: So it's not all. [SPEAKER_08]: Maybe because they're losing their knowledge. [SPEAKER_08]: Yeah, right. [SPEAKER_08]: I mean, if you want to buy chips, you get a buy chip company. [SPEAKER_08]: You're right. [SPEAKER_08]: Right.

[SPEAKER_08]: I mean, I don't know. [SPEAKER_08]: Yeah. [SPEAKER_08]: No, what do I know? [SPEAKER_08]: What do I know? [SPEAKER_08]: Anybody else want to talk about anything? [SPEAKER_08]: What's going on? [SPEAKER_08]: What's good? [SPEAKER_08]: You'd like to burn you at a question earlier. [SPEAKER_08]: Yeah, burning what you got. [SPEAKER_08]: Oh yeah, burning's got a question. [SPEAKER_08]: Question from the studio audience. [SPEAKER_08]: What's up?

[SPEAKER_11]: Oh, this was about, uh, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah,

[SPEAKER_10]: So what he said is the. [SPEAKER_10]: Yeah, we did for Mississippi has a bill that's pending right now. [SPEAKER_10]: Yeah, right. [SPEAKER_10]: And that's good. [SPEAKER_10]: I got a bill present right now. [SPEAKER_10]: Burning good. [SPEAKER_10]: Yeah, there we go. [SPEAKER_10]: Deacon's on fire.

[SPEAKER_10]: I don't understand a Mississippi statement about not taxing and I don't want to talk about non-taxing and I L money which would be a win fall for these student athletes because it definitely, well and not only that but it would be a win fall for the local universities because I think that's where the bigger it stretches their money further with they can know attract we're talking about federal tax state tax state tax state tax so if you're comparing LSU versus Mississippi for example or Mississippi state or you know Ole Miss

[SPEAKER_10]: You're looking at now. [SPEAKER_10]: Well, that that million dollar, uh, and I all money is going to go strong. [SPEAKER_08]: I can be mistaken. [SPEAKER_08]: And maybe I have a bad attitude about this, but correct me if I'm wrong. [SPEAKER_08]: Is Mississippi Miss Mississippi not one of the poorest states in the goddamn country? [SPEAKER_08]: it is and they're thinking about not collecting taxes. [SPEAKER_08]: Why? [SPEAKER_08]: They don't need a football.

[SPEAKER_08]: They don't need it. [SPEAKER_08]: Give me a goddamn break. [SPEAKER_08]: I mean, this is that that's one of the dumbest. [SPEAKER_08]: Now, I'm sorry, this is not directed at you. [SPEAKER_08]: I mean, just the shape, the shape, the shape and structure of something like seriously, one of the poorest states in the country is going to stop collecting tax so they can get a better receiver. [SPEAKER_06]: It's all about the football. [SPEAKER_10]: I disagree.

[SPEAKER_10]: I disagree because I think it's an investment in their universities. [SPEAKER_10]: It's the opposite of that. [SPEAKER_10]: Well, it's a short-term investment into there for the little bit that they got to give back. [SPEAKER_10]: It may attract that next athlete that may be.

[SPEAKER_07]: uh... deciding between this university or one of their competing uh... you know copper was an old missus quarterback two two years ago that left after the season before the ball games and went to another wasn't was an old miss because they were they were they were going into the quarter finals didn't they just hired laying kiffin or did they just get rid of the latest guy rid of yeah so they just got their asspart [SPEAKER_08]: Well, I'd yeah, Jack's dark.

[SPEAKER_08]: Jackson dark. [SPEAKER_10]: Yeah, that was exactly who was the giant squirted back. [SPEAKER_06]: No, I'm trying to down Chamble is a squirted back this year. [SPEAKER_06]: And he laying kiff and left and took a lot of his right. [SPEAKER_05]: His coaching staff with them and said, you guys can't coach at the bulls. [SPEAKER_05]: So Mississippi strategy. [SPEAKER_05]: Clio slices. [SPEAKER_07]: Yeah, they're trying to combat.

[SPEAKER_05]: Yeah. [SPEAKER_08]: But doesn't this all sound, doesn't this all sound just so stupid? [SPEAKER_08]: Well, it is six-year exemption, no income tax, talking about universities and Mississippi, give me, I mean, these are all oxymorons. [SPEAKER_08]: I mean, are we serious?

[SPEAKER_08]: Well, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to, I'm going to [SPEAKER_10]: Well, there is. [SPEAKER_07]: I was mistaken.

[SPEAKER_07]: There are some states have a personal property tax, like Virginia, there's a lot of states that support it. [SPEAKER_08]: They try to send you a, they want you to pay tax on something that you already owned, like your car. [SPEAKER_07]: If you live or like property. [SPEAKER_08]: Yeah, if you were a car in a house in the state of Virginia, they tax you on it every year. [SPEAKER_08]: Whether you translate that. [SPEAKER_07]: Well, it's a good thing you didn't own shit.

[SPEAKER_07]: But you don't pay state income tax as these are either though. [SPEAKER_07]: That's in lieu of the state income tax. [SPEAKER_08]: Uh, not in Virginia, you have a state income tax in Virginia. [SPEAKER_07]: Oh, well, it's supposed to be. [SPEAKER_07]: I'm sure they find a way to. [SPEAKER_08]: Yeah. [SPEAKER_10]: I was talking with an accountant today. [SPEAKER_10]: I want to ask you this, your opinion on this. [SPEAKER_08]: Here we go. [SPEAKER_08]: I don't know.

[SPEAKER_08]: It's the answer because. [SPEAKER_08]: No, no. [SPEAKER_08]: I think it's your opinion. [SPEAKER_10]: It's not a technical question. [SPEAKER_10]: Well, you know, the accountant was dealing with the IRS. [SPEAKER_10]: And it's tough. [SPEAKER_10]: It's tough to get through the IRS. [SPEAKER_10]: They mean they just don't answer the phone. [SPEAKER_10]: Right. [SPEAKER_08]: Yeah. [SPEAKER_08]: I have done that. [SPEAKER_10]: So, uh, passed.

[SPEAKER_10]: So the question is, do you think Trump's tariffs are really going to be worthy of him disbanding the IRS? [SPEAKER_08]: No, I think that's... [SPEAKER_08]: We have to have an IRS. [SPEAKER_08]: That's crazy talk. [SPEAKER_10]: It's not going to become the external IRS or we're collecting all this. [SPEAKER_10]: That's right. [SPEAKER_10]: You outside the states and that's going to be enough to. [SPEAKER_08]: No, I think that's the federal bill.

[SPEAKER_08]: I think that's a short-sighted bit of rhetoric to you. [SPEAKER_08]: Want the next president. [SPEAKER_08]: Because, remember, this isn't law, this is all by executive board, so it's going to go away by executive board next time around, unless it gets passed in the law, so, you know, I think honestly, the best, again, I always look at this through a market lens. [SPEAKER_08]: The dollar has rebounded for the first time in a really long time.

[SPEAKER_08]: The tariff revenue is meaningful to the country, whether you think the president has the right to do it or did it the right way or the wrong way or Congress has upset about it. [SPEAKER_08]: That is not really what I'm concerned about. [SPEAKER_08]: We need the money, the dollar is responding to the positivity associated with tariff revenues. [SPEAKER_08]: We should find a way to keep that going, whether somebody has to make a concession or not, my humble opinion.

[SPEAKER_07]: So it's just marketing play then so you think the IRS's job is to keep people honest Well, I don't know. [SPEAKER_08]: I mean, can we regulate more? [SPEAKER_08]: So I mean we could get really down in the hole. [SPEAKER_07]: Well, this is why I think a National sales tax would make more sense national instead of income tax pay no income tax [SPEAKER_07]: Keep all the money you earn. [SPEAKER_08]: Everything's based on consumption. [SPEAKER_07]: Correct. [SPEAKER_08]: Interesting.

[SPEAKER_10]: Sounds like Ross Peros back there in Stockings on the Slettoes. [SPEAKER_07]: yeah right yeah well i mean it's so it's better than a flat tax it requires almost no uh nobody has to really moderate it or monitor it that's just why i'm never gonna work well and and right because you can put all these iris people now with the digital age you know but you should you should be instantly when you do a transaction that money should just sweep right into the iris is account

[SPEAKER_10]: It should not have to pass through the merchant, it should have to be the responsibility of that's fine, you know, of the merchant or the consumer to have people who have murdered and I'm more yeah so it automatically gets paid [SPEAKER_10]: There there is no collections. [SPEAKER_10]: It automatically gets swept away. [SPEAKER_07]: It's done. [SPEAKER_07]: There's no tax days. [SPEAKER_08]: It's done.

[SPEAKER_08]: It's just coming from the guy who believes that money is going to go away. [SPEAKER_08]: Everything's going to be digital. [SPEAKER_08]: We're going to use a Fed point. [SPEAKER_08]: I mean, there's going to be no money. [SPEAKER_08]: There's going to be no money. [SPEAKER_08]: Just because he writes about it doesn't mean he believes. [SPEAKER_08]: Right. [SPEAKER_08]: I mean, you, you, you've seen the commercial. [SPEAKER_08]: I'm sure.

[SPEAKER_08]: And this, in this episode, the commercial for, um, [SPEAKER_10]: Well, again, that looks on the premise of Elon Musk and there's going to be no jobs, no money in 15 to 20 years. [SPEAKER_10]: What does that really look like? [SPEAKER_10]: But the European Union is a perfect example of what that kind of looks like because anything that you own over right now at the end of this year in 2026 and the European Union as far as cash goes, anything above $10,000 is worthless.

[SPEAKER_10]: They're digitalizing everything. [SPEAKER_08]: Um, I'm going to need to do some reading on that because I'm that sounds bonkers to me. [SPEAKER_10]: It does sound bonkers, but that's European Union and and and there and they're they're making a real hard stance that they're saying, if you want to travel to Europe, in fact, we change our travel plans because you have to get digital ID if you're going to travel.

[SPEAKER_08]: Yeah, it's funny, my cousin has, my mother's side of the family for some reason the kids are all real smart. [SPEAKER_08]: They always go to San Andrews for college and we're going to go and visit the last cousin that is in San Andrews. [SPEAKER_08]: I'm going to go with this dad. [SPEAKER_08]: Yeah, and you know, and you know what I was actually really afraid of.

[SPEAKER_08]: I was afraid of their new law that says that you can be detained at the airport for things that you've said on stuff on on mediums like this one And I thought I'll shut like what if what if some something got out about my opinion like what if they didn't like the way I talked about the Canadians And the curling you know, and they detained me at the airport and then like you didn't like your curling form.

[SPEAKER_08]: I mean, it was just very I mean, but look at look at how I lost the hog line look at how gruddy and like English I wish I looked at how could they couldn't take it out on it [SPEAKER_07]: He just totally ignored the hog line. [SPEAKER_07]: He's like, a hog log. [SPEAKER_08]: He just jumped. [SPEAKER_10]: He jumped. [SPEAKER_10]: The hog line, I know. [SPEAKER_10]: He jumped the hog line, Jimmy Jordan would have been proud.

[SPEAKER_10]: We get, we get, we have to get your knowledge. [SPEAKER_08]: You know, we really fell down on getting callers. [SPEAKER_08]: And like, why are, why is that seems so difficult? [SPEAKER_10]: We should just get like, now we should, you know, and now we, thanks to Perry, we are actually have, instead of the big Princess Leia headphones, we have the wireless ones, you know?

[SPEAKER_10]: So. [SPEAKER_10]: Yeah. [SPEAKER_10]: So we'll take, we'll take the callers and you know, and if you want to talk about Deacon's outfit, you're in your more welcome to call him up. [SPEAKER_08]: You know what I'm doing? [SPEAKER_08]: We're going to make a commitment that next week we're going to have one caller per segment. [SPEAKER_08]: Yeah, we will. [SPEAKER_08]: What do you think about that? [SPEAKER_10]: We'll make sure that happens.

[SPEAKER_10]: It's been a busy week for both of us. [SPEAKER_10]: All right. [SPEAKER_10]: You had a lot to do with the feds. [SPEAKER_08]: Yeah. [SPEAKER_08]: Yeah. [SPEAKER_10]: Yeah. [SPEAKER_10]: And thank you to the sponsors that reached out to, by the way, I'm getting back to you. [SPEAKER_08]: You know, we had a great inquiry about the sponsorship opportunity. [SPEAKER_10]: Yes, it was awesome. [SPEAKER_10]: People are right in us from South Carolina.

[SPEAKER_10]: So I will be getting back to you. [SPEAKER_07]: Wow. [SPEAKER_07]: We did get we did get some play from South Vietnam. [SPEAKER_08]: Yes, Savannah. [SPEAKER_07]: Yeah, yeah. [SPEAKER_08]: Yeah, you need a little play. [SPEAKER_07]: Pick up our story on there. [SPEAKER_07]: Yeah, thank you so much. [SPEAKER_07]: For you're not on social media. [SPEAKER_08]: Love it. [SPEAKER_08]: No. [SPEAKER_10]: Right, and we talked we talked about why Well Perry said couple of bourbons.

[SPEAKER_10]: I said Georgia. [SPEAKER_10]: Yeah, yeah, yeah, you were just uttering there. [SPEAKER_10]: They're a little bit so they know Yeah, he had that southern stutter going [SPEAKER_10]: We better close this out. [SPEAKER_08]: We better close this out. [SPEAKER_08]: Yeah, we're going to go. [SPEAKER_08]: I want to thank our studio audience tonight. [SPEAKER_08]: Thank you Thank you. [SPEAKER_08]: Yes, thank you. [SPEAKER_08]: Thanks for being with us.

[SPEAKER_08]: Thanks to Perry and we'll we'll see you next week We're a fast thing and meet smooth drank and we're going to get after this bottle and See if we can get it done before that fire burns up. [SPEAKER_08]: That's right cheers cheers talk to you a much [SPEAKER_01]: This has been the better with bourbon podcast, with Brad Martino and Deacon Palmer. [SPEAKER_01]: New episodes drop weekly. [SPEAKER_01]: Be sure to subscribe or follow us.

[SPEAKER_00]: The views in opinion shared on the better with bourbon podcast are our own and those of our guests. [SPEAKER_00]: Nothing we discussed should be taken as financial, legal, business or gambling advice. [SPEAKER_00]: Don't make investment, business, or betting decisions based on our conversations as you should always talk to a qualified professional. [SPEAKER_00]: Always drink responsibly, never drink and drive, and only consume alcohol if you are of legal drinking age.