OpenAI’s Superapp Is Coming, Jensen on Jobs, Bezos’s $100 Billion Automation Fund
Channel: Alex Kantrowitz
Published at: 2026-03-23
YouTube video id: 1udMIqMKSig
Source: https://www.youtube.com/watch?v=1udMIqMKSig
OpenAI is ditching side quests and building a super app. Nvidia's Jensen Wong comments on AI layoffs. The metaverse is dead. Or is it? And Jeff Bezos is raising a massive fund to automate industry. That's coming up on a Big Technology Podcast Friday edition right after this. Welcome to Big Technology Podcast Friday edition where we break down the news in our traditional, coolheaded, and nuanced format. We have a great show for you today. We're getting some new direction on OpenAI's products. something we've been advocating for a while focus that's coming. Also, Nvidia's Jensen Wong has some comments on AIdriven layoffs. We're also going to talk about the end of the metaverse or whether it actually is. And then finally, Jeff Bezos might be raising hundred billion dollars to automate seemingly all blue collar work. Joining us as always on Friday is Ranjan Roy of Margins. Ranjan, great to see you. >> Everyone has been listening to us, Alex. Open AAI is ready to focus. >> That's right. Finally, OpenAI seems like the side quests are over. And in fact, OpenAI did have a meeting saying especially that. Now, we had been talking about the fact that OpenAI had so many projects going whether it was video generation with Sora or the browser with Atlas coding with codecs. I don't know. Not to mention uh the image generation stuff. It seemed like they were trying to tackle a new multi-billion dollar industry every week. that might be coming to an end. Here is the Wall Street Journal story that sort of heralded this new era of OpenAI. OpenAI to cut back on side projects to push in and push to nail core business. OpenAI's top executives are fining finalizing plans for a major strategy shift to refocus the company around coding and business users. Recognizing that a do everything all at once strategy has put them on the defensive, BGCO, OpenAI's CEO of applications previewed the changes to employees in an all hands meeting, telling them that the top leaders, including CEO Sam Alman and chief research officer Mark Chen, were actively looking at which areas to depprioritize. They expect to notify staff about the changes in the coming weeks. Here's what Simo said. We cannot miss the moment because we are distracted by side quests. we really have to nail productivity in general and predictive and particularly productivity on the business front. Um, we'll talk about the focus, but I have to say my first takeaway is not focus. My first takeaway is oh my god, they're giving up on consumer. >> Oh, I think that's definitely feels like it's embedded in the entire announcement. And and I have to say a couple things jumped out at me. one that I should be happy that they're finally focusing and for months on end we've been talking about you didn't even mention I think you said AI cloud you didn't even talk about the pin and consumer devices and whatever might come out of that like there was so much going on but I actually was kind of surprised that Fiji Simo is the one that made the announcement according to all the reporting that she's the one who led the all hands meeting and you know kind of like spoke on behalf of Sand Maltman because I think for something that major you would think Sam should be giving that message to the entire team. So that that was the first thing that jumped out at me. But the other the more I've been thinking about is like it's as you're saying the one lane I think they still truly have a path to success is consumer. And is it because of Google? Is it because they're just looking at anthropic and investors are telling them that that's what's more attractive right now? To me, this isn't the bet that they should be taking. >> Well, let's talk about that because if you think about the consumer bet versus the business bet. Well, can we both agree that if you're able, it looks like the AI models have gone from this like fun chat interlocator to something that actually could actually do real work for you. >> Have they have they? >> Okay, this is all right. So, so folks, listeners, this is an important moment on the show. Ranjan at the end of 2025 predicted that this year was going to be the year that uh we were going to see a Gentic AI enter the mainstream and he said he was living the future and I was skeptical and I said we're going to hold your feet to the fire this year. It's March uh it's late March or mid-March towards the end of mid-March. >> I am going to raise the white flag on this one and say that's all I ask. That's all I ask. I'll ask >> I was uh I I I have been surprised at how quickly uh AI that does work for you has uh has actually emerged this year. I can't believe I'm using it and it just goes to show you that the progress of this stuff is crazy. Um so so you know it seems like it would make sense if you're open AI you have to play there given the valuations. I think it would make sense, but again, this is like, is AI erotica no longer on the road map? I'm assuming so. I hope so. I mean, like the things >> you're you're assuming that it's no longer on the road map. >> Yeah. In terms of side quests, my god, if uh if that one doesn't get put on the chopping block, I'm not sure how they're going to get into enterprise, but >> it is on hold. I believe >> OpenAI has a very very different perception. There's one of quality and innovation, but there's also one of, you know, a more cavalier idea uh attitude towards data privacy, towards security, towards all these kind of things that which they they kind of that's the way they pushed themselves. It's it's we're going to release a video model. Are we going to use a lot of copyrighted material? Sure, we'll take it down in 2 days after Disney complains and then we'll somehow do a deal with Disney. like but like to date they kind of leaned into that like break the rules no holds barred mentality for progress and I think that's going to that's going to hurt them in terms of trying to actually make this shift but I also do think when we talk about focus of course anthropic has made massive waves of course enterprise again as someone who works in enterprise AI at writer like it's a very large attractive market I get it but to shift that massively such like a fastmoving business. I just think it's and they've hired a lot of very very talented people. I just think there's a lot of baggage within the company that you can't just make a shift like that that easily. >> Okay, but here's where I'm going with this. So, to me, like there's reason to try to go after enterprise. You you basically you can't let it go because it's such a big market opportunity. Even though and we talk about this on the show all the time there's potentially a lot of side effects the question would be okay so you're got so I think that's a given you have to do something in enterprise now the question would be is it worth going after consumer and maybe the answer is no maybe the answer is in this we're 3 years into this AI shakeout there's no real consumer play I mean think about all the consumer plays that people have tried and failed whether that's the AI girlfriend the AI pendant the AI necklace, the AI, you know, chatbot friend, like how how much, you know, how many consumers are you actually going to get to pay that $20 a month just for, you know, AI companionship? I think this might be a larger indication that, you know, may think about all the meta chat bots that they made. Maybe consumer AI is a thing that's going to happen down the road, but it's just not happening yet. It's not materializing. large language models, the stuff we're seeing with Agentic stuff is an enterprise thing and it's a very valuable enterprise thing, but we're certainly not seeing the consumer market materialize and that's where you're seeing the shift from OpenAI. So, a couple things I think that's still ignoring that's still looking at what current day consumer AI products are, but that's still discounting where they could go. So again, and there was reporting from the Wall Street Journal or Bloomberg on Friday that I found really interesting that OpenAI is stepping back from Chat GPT shopping that retailers haven't actually seen results and Walmart is now going to inject Sparky their internal AI tool uh to into Chat GBT which is pretty interesting I think like but advertising shopping and retail uh I don't know streaming entertainment there's just any take any consumer business and OpenAI could take start to own it if they own the kind of access point and interface and intelligence. So I think it's it's still a big potential market. But one thing I wanted to highlight is to me the more interesting part of this is what it means with Microsoft. Did you see the potential Microsoft lawsuit reporting? >> Yes. >> Wait, before you get to that, can I make one more counter point then we'll go to the the Microsoft stuff. um with with open AI, you know, one of the the proof points here that AI hasn't worked for consumer is that Google is still uh still crushing it. You know, if if any market that we've talked about generative AI taking, it hasn't taken it and certainly hasn't taken search yet. If it had taken search, I would say, okay, there's a potential here. But it hasn't. >> Yeah. But I think Gemini has certainly shown that like a pretty strong competitive element in the last especially in the last like 6 to 12 months but but it's still it shows that it it's still an attractive market or it's still worthwhile to pursue. I think though like we don't know what I agree and you can easily argue like if the IPO is this year we don't know consumer monetization around AI yet. We don't know what it looks like. We don't know what like the real juicy business models are going to be. If it's advertising, maybe Meta is going to figure it out. And we talked about that last week that maybe Zuckerberg is going to be make his big comeback because they're going to figure out consumer AI themselves. But but I I think it's premature to discount enterp and again as someone who is very aware of the attractiveness of enterprise AI like to discount consumer as a entire market and like addressable market. >> Okay. I'm not saying there's no way this is going to work. I'm just saying it's clearly not working now. And I will point again to you know adult mode on Chad GPT not shipping um because we know it's delayed. That's why it's not working. They didn't ship mode. >> That's pro, I would say, maybe, but that's probably the last sort of the last gasp of like, oh, we need it to work somehow. Let's try adult mode. Uh, and that and now that's, you know, if that's delayed where they're shifting to enterprise. I mean, Fiji says it outright. Pretty amazing. Okay. Sorry. Go ahead to your um point about this lawsuit with Micros. >> Okay. So, and we hadn't planned on talking about this, but I just this just came to mind and I hadn't connected it before we started talking right now. Like so there's reporting from Reuters that Microsoft may sue OpenAI over their $50 billion uh investment from Amazon and because it could violate the exclusive cloud agreement that they had uh they had set a number of years ago that like all open AAI uh products had to be actually served through Microsoft Azure. Um I even saw there was stuff around like the language they have to use is like we are invoking the model but not we are executing on the model like they're they're really >> we invoke the model. >> Yes. Well look but we're not we're not actually like deploying or executing the model on our cloud service on Amazon because that would violate the contract. But if you think about it like I mean who are you anthropic yes direct competition everyone's going they've made a lot of waves in it. Enterprise is a gigantic market. Um, but Microsoft is the is it 800 pound gorilla? What's the what's the saying again? >> That sounds like a nice size for a gorilla to me. >> That's a that's okay. 800 lb gorilla in the room. And already if there's if they're starting to kind of like make some waves around they could put a big thorn in the side of OpenAI in the year as they move towards IPO. if you're then going towards their market. I mean, that's a whole other thing that uh awakening to continue on with the 800 lb gorilla metaphor like the the 800lb gorilla. I'm not sure how to continue on that one, but yeah, if you're you're going to piss off Microsoft and they have some leverage over you and you haven't really been a threat to them yet and now you are trying to be, I think that poses a whole other problem. >> Oh yeah, that I mean that is one of you remember you know the relationship started to seemingly maybe not fray but uh have some distance in there and they were both like okay no we're still very close. Clearly something went off the rails. By the way, my favorite Microsoft news of the week. We won't spend too much time on this. Uh but they made some changes with co-pilot and Mustafa Sullean, head of AI there. Uh he said, quote, I think he's going to be focused more on the model. He said, quote, "The model is the product." Mustafas. >> Oh, yeah. Yeah. Yeah. I saw that too. I saw that actually. No, no. He he brought us all together. It's no longer product versus model. The model is the product. It all converges. Yeah. Convergence theory. I think I also >> my other favorite Microsoft news of the week is I mean I guess it was last week they launched co-pilot co-work which basically is like layering Microsoft co-pilot over cloud coowork and somehow multi-trillion dollars of corporate value and they came up with the name co-pilot coowork but >> what would you name it >> okay okay you know what I would just stick with co-pilot I would just be like own the brand. Own like >> if that's your if that's your thing, no one needs to make that additional like distinction between like Claude is it's a name. >> It's not like a brand name. So you can you can alliterate on it a little bit. You can add a but C-pilot's already Microsoft Copilot. >> So yeah, I I would just stick with Copilot. >> Just make it another featuring. All right, I could say I see that. Make another feature in Copilot. All right. So, by the way, this is not just like uh with with OpenAI's direction. This is not just rumblings. There's actually news uh that we've seen come out recently or over the past 24 hours that they're actually going to go ahead and make some product changes. And speaking now, so like we talked about consumer enterprise, I think that's the most important thing. Number two, secondarily is focus. And that focus is coming. And here's the news that's happened uh from the Wall Street Journal. OpenAI plans to launch uh uh launch of desktop super app to refocus and simplify the user experience. OpenAI is planning to unify its chat GPT app coding platform CEX and browser into a desktop super app. A step to simplify the user experience and continue with efforts to focus on engineering and business customers. OpenAI President Greg Brockman, who currently leads the company's computing efforts, will temporarily oversee the product revamp and related organizational changes. And Fiji Simo, the chief of applications, will lead the company's sales team as it markets the new product. Very interesting. The strategy change marks a shift from late last year when OpenAI launched a series of standalone products that didn't always resonate with users and sometimes created a lack of focus within the company. The OpenAI executives are hoping that unifying its products under one app will allow it to streamline resources as it seeks to beat back the success of its rival Anthropic. One more line. OpenAI is seeking to focus on so-called Agentic AI capabilities within the new super app. Rajan, your reaction. Okay, so number one, reading between the lines, one thing that jumped out at me is Fiji Simo was referred to as chief of applications. Do you remember what her title was when they hired her? >> CEO of wasn't it CEO of applications? >> CEO of applications. >> Oh, that's that's that I just think that's the Wall Street Journal writing it. No, I think that's I think it's telling because already it was very confusing when she was announced as CEO and then it was that she would be reporting. Okay, I'm I'm saying watch watch that space. Is she going to remain CEO or is she going to become like chief application officer, chief of applications? Just maybe maybe reading into it. That seems Yeah. I mean, you would you in this type of thing, you would write like chief and CEO like chief CEO is chief executive officer. So, chief of applications, but whatever. If if this was the Wall Street Journal's way of signaling that she's getting demoted, which I don't think it is. It would be far from the weirdest thing that's happened in journalism in AI this week, which we'll probably get to in a bit. I I don't think it's demotion even because again she led the all the the company all hands to actually kind of like send this message. I just think it's it's interesting. I'm curious whether the threeletter CEO will remain that long. But >> okay, >> moving on from that complete speculation. Um I I found like it's been odd because I don't know if did you see Gemini is now launching a Mac app. They're talking about like merging browser and desktop. One using the term super app, which I haven't heard in a while since the days of everyone wanted to be WeChat and we would hear about Chinese super apps. And it was funny to me that they kind of use that. But I don't understand why that's like that interesting uh browser experience desktop app platform like the coding platform into just one UI or interface. I don't know what do you think is interesting or exciting about that? I found it almost like a very mundane product detail that they could have almost just done without announcements. So, >> well, I have this desktop app on my desktop uh that has, you know, standard chatbot and co-work stuff and coding capabilities in it. cloud app >> and having all that together on your browser. Sorry, not on your desktop, you know, and giving it access to use your browser to go do things. >> Uh that has been an unlock for me and many others. So I do think this might be open AI seeing that that system really works and saying and maybe it's going there and saying, you know, we'll put our models against anthropics best and our coding against their best and let's go like let's have at it. See, here's where I will push back. Co-work and uh computer control essentially giving Claude unfettered access to the files on your hard drive. Basically like doing local work on your computer, that kind of experience from an enterprise standpoint is terrifying. So if you're really making the shift to enterprise allowing local file like a open local file access is actually not what you would want to be doing as like a core part of the product. Again claude co-work is in research preview still. It's not a core part of the platform that they advertise especially to enterprise. So like to me that that's the reason like I think the the desktop part again it's like that's fine. I want to hear there's no more pin. There's no more like there's no You're not going to hear that. >> No. No. Johnny IV just walking out the door pissed off just wearing his pin. That That's what I think. Then I'll then I'll believe the focus. Then I will >> I'm going to push back on your on your push back. I mean Jensen Wong, the Nvidia CEO, happens to be driving the whole thing. $4.5 trillion company, which is crazy. just said that OpenClaw is the most important thing after Chad GPT. By the way, who acquired the Open Claw team or Aqua hired them? That would be Open AI. So, if you're going into enterprise, you're making this move, all signs point to this OpenClaw style agent. And by the way, Anthropic just launched a version of it with I think it's called Claude console where you could just kind of text Claude to do stuff when you're away and it will do it for you. So this is >> uh I will go even more in the tank for Agentic than you are. I'll say this is where it's going. the distinction between kind of like launching cloud-based operations and accessing kind of like monitored files versus local files and like just like uh where you can be offline or I mean it's just such a it's such a different thing and and and again I agree like the whole open claw thing has taken the industry by storm across the board. Everyone's pushing it. Everyone wants to jump on it, but it's still like what it represents in terms of like finally doing agentic work. Yes, I get. But I think like if that's the core part of what OpenAI is trying to do, again, it like everything is reactive right now. As you said, Claude has a good desktop app that combines multiple platforms into one and makes it more usable. So then they're going to do that. Claude, we started talking about this last February when people are actually criticizing and showing charts about their drop in consumer usage and joking about it. Pivoted hard to coding which then led to enterprise like OpenAI being this reactive. I think again if they mean it, show it by just smashing the pin. That's all I ask. >> They're not smashing the pin. I'll I'll just say this. I I have no inside knowledge on this, but uh pretty interesting. Greg Brockman's going to run the super app. Fiji's going to help market it. Where is Sam? Probably working on the pin. >> He's just in the back with Johnny. >> That's my guess. >> Just in the back with Johnny with the pin >> and and launching the entire AI cloud business and the whole consumer devices arm as well in addition to the pin. >> Why isn't the pin the consumer device? >> Oh yeah, that's true. And it's the only device that will exist and the only interface through which we will access AI in a matter of minutes. >> Maybe headphones. >> No. >> Okay. So, >> headphones are dead. It's only the pin. >> Don't tell that to Tim Cook. >> I pin. I pin. >> The iPen. The iPen. >> Oh god. That's what they're going to call it. I promise it's going to be yesterday's yesterday's vision, today's technology. The iPen. Simplicity. Uh, all right. Let's talk about pro proactivity. Let's talk about our favorite type of uh productivity, which is consultants. Uh you know, this stuff is messy. It's going to take your computer over. What do you need? You need consultants. CNBC OpenAI lands a multi-year deal, mult multi-year deals with consulting giants in enterprise push. OpenAI on Monday announced it was entering into multi-year partnerships with four consulting firms that will help the company deploy its enterprise platform called Frontier. is going to be working with Accenture, Boston Consulting Group, Capgeemini, and McKenzie. OpenAI is racing against rivals like Google and Anthropic to win users and market share, and the company has to make an aggressive push to court enterprise uh customers. Frontier, which OpenAI unveiled earlier this month, acts as an intelligence layer that stitches together disparate systems and data within an organization. It aims to make it easier for companies to manage, deploy, and build AI agents, which are tools that can independently complete tasks on behalf of the user. All right, so that's maybe how it works. If if it's going to build technology that's going to just take your stuff over, maybe it happens with the assistance of McKenzie and the merry band of consultants who've now gone from being potentially displaced to essential in the roll out of this technology. Your thoughts? Well, so this is a very delicate balance in ter in these kind of situations in terms of like you have the palunteer model of take technology and for deployed engineer and our people will be in there implementing technology. You have the partnership model in this case and I think like it's interest kind of the Ford deployed engineer implementation model. They they've also launched large partnership efforts very I think just last week as well again reacting in these kind of ways like copying what Anthropic is doing in this case I I think like giving the relationship to the partner if OpenAI if this is truly the priority rather than just going all in and being like we're building a business around that I think it's another it adds another element of risk here. Um, but yeah, I think it's a bet and it's actually going to kind of like be a big judge of the type of success they do have. >> Now, one more idea about why we're seeing this. This is some crazy stuff that came out of RAMP, which is access to enterprise spending. Uh, and Axio wrote it up in a story called the AI spending flip. Here's the story. Anthropic is now capturing over 73% of all spending among companies buying AI tools for the first time. 73%. Uh just 10 weeks ago, the split with OpenAI was 50/50 and it was 60/40 in Open AI's favor as recently as December. This is an unbelievable flip where you're starting to see Anthropic be the first choice. Obviously, it's related to cloud code among companies who need LLM technology and they've surpassed OpenAI. I guess this I'm sure Open AI has access to this data and it's probably driving a lot of what we're seeing and talked about in the first half of the show. >> I was just it's funny cuz I will take my momentary rant that it still shocks me that everyone in the industry is okay that RAMP does release this kind of data. as someone whose company uses RAMP, it's still just kind of weird to me that like whatever I'm spending on will be able to be in an anonymized way still kind of advertised to the entire world. But >> I'm all about that ramp economics lab man era over there. Just unbelievable data. >> No, and that party run. >> I'm sorry. It's amazing, but it's still kind of weird to me that everyone's okay with it. But that's for another day. I think it's funny if let's say OpenAI is looking at this data cuz RAMP is a really specific company. I work at a high growth technology enterprise AI startup writer. We use RAMP. Many people I know who work at cutting edge technology companies use RAMP. It's an amazing product. I have I love it as someone who had to file expense reports in the past and it was a pain in the ass. It's still such a specific profile. So their data is going to be heavily skewed in whatever the coolest new so it'll show momentum but like in terms of showing actual like aggregate impact in the economy most large companies are not using ramp like I can't imagine especially more kind of like old-fashioned companies. So, so I I don't know if it's truly at large versus the cool kids are using Claude more than OpenAI right now. >> Yeah. Well, maybe they're a leading indicator. >> I guess that's the question. Is is what a Silicon Valley startup is using today, is that going to be an indicator of what's going to happen to the rest of the economy? Do you think it's a good one or do you think it's actually almost like counterproductive because it's such a different personality and consumer? >> That's a good question. I mean, I think category, yes, it is a leading indicator, but maybe not specific vendor. Um, and we we're going to find out later this year. I I don't know if you've seen this. Morgan Stanley of all entities has warned, this is according to Fortune, that an AI breakthrough is coming in 2026 and most of the world isn't ready. A massive AI breakthrough is coming in the first half of 2026. I guess we're halfway through and Morgan Stanley says most of the world isn't ready for it. In a sweeping new report, the investment bank warns that a transformative leap in artificial intelligence is imminent, driven by an unprecedented accumulation of compute at America's top AI labs. Executives at major AI labs are telling investors to brace for progress that will shock them. What do you think they could be seeing? I mean, what does Morgan Stanley know that that we don't or we do? >> Well, you did. There is also the part that says researchers specifically highlighted a recent interview with Elon Musk citing his belief that applying 10x to compute LLM training will double the model's intelligence. So, so that's one of their citations. Like I think uh I beyond that I don't know like yeah I genuinely don't know and this is again as someone who is very bullish and some somewhat thinks we need to be thoughtful about how smart and fast this technology can move. I'm still, it's still funny to me this kind of curiosity gap style research report from a Morgan Stanley versus just say what is it? What is it? Just what's going to happen? Take a bet. Take a bet. Give a prediction. Was very bizarre. Anyway, there another interesting note on the bottom of the story. It says for this story, fortune journalists use gender AI as a research tool. an editor verified the accuracy of the information before publishing. I thought that that was interesting, but it wasn't to me the sort of weirdest use of generative AI in tech journalism or journalism. This week, I don't know if you saw the Vanity Fair story about Daario Amade. It was initially titled Dario has a cold >> and it was it seems like this reporter got some decent in access into anthropic. >> Uh and then like towards the end of the story he's been building up the whole story about getting to meet Daario Amode, CEO of Anthropic. And then he writes this whole long interview that he had with Daario. Uh and then afterwards he's like oh uh I actually didn't interview Daario and ask these like biting questions to him. I like uploaded a lot of Daario's talks into Claude and I interviewed him that way and that's what you've just read. >> Yeah, this was you do that and call it an interview. >> No, I wouldn't think about doing that. It's so disrespectful. >> I >> to the reader to the companies you're it's especially to the reader. I mean that's awful. Yeah, I think uh I mean yeah, it's more was it like performance art or something? >> I hope that that's the best possible explanation. >> I mean, I think you should >> It wasn't just the interview. It wasn't like this person seems like they actually did real reporting and then just wrote the put the fake interview at the end. Truly a puzzling situation. I mean, like, I guess we we hadn't planned on talking about it, but in terms of what is real and what's not anymore, I'm sure you've been following uh good old BB Netanyahu and these videos this week. >> I have. Yeah. So, the Go ahead. You can introduce it. Uh, I mean, I almost have to imagine every listener would have crossed paths with the rampant speculations that uh, Benjamin Netanyahu is deceased and is been has been putting out AI videos of himself at a coffee shop. And then even today, there was a a press conference, but still endless speculation that it was AI generated. And honestly like this like again this kind of like Daario interview and then it was AI like the Netanyahu stuff is actually I think this most scared I have been around the impact of like AI and video and people trying to understand what is true that like just how absurd and crazy it is that if we're actually living in an era where world leaders somehow and are they is trying to troll us by putting out a coffee weird coffee shop video rather than just showing up live with like a bunch of people. But yeah, this one has gotten me pretty rattled this week. >> I don't know. I think you're on blue sky too much. I I saw those videos. I didn't have any question about the veracity of them. Maybe I'm >> No, no, no, no, no. This is X. This is This is I feel you're getting both sides on X. You're getting >> That's true. I feel like this is one of the unifying things on all >> this is horseshoe theory loves AI generator Netanyahu. >> That's true. It's like the epitome of it. >> Yeah. >> Uh all right, we we need let's let's go to break before this really goes off the rails. Uh but if you're interested in the political story, folks, Senator Mark Warner is going to be on the show on Wednesday. We're going to talk about AI job loss. We're going to talk about the anthropic and the Pentagon thing. And yes, we'll talk about uh one of my favorite topics, which is why do members of Congress continue to conduct seemingly insider trading, and they they will not stop. They can't stop. Uh and Senator Warner and I will discuss that next week on Wednesday. All right, Ron and I will be back right after this to talk about Jensen Wong's comments on AI layoffs, a little bit about the metaverse, and then of course, who did you say? Who did you say is going to be on the show for discussing insider trading? And >> Mark Warner. >> Jesus, man. The guests you get. I love for listeners. I love that Alex with no heads up just casually drops these names right before we go to break. Sorry. >> Okay. I'm I have to >> That was a compliment. That was a compliment. Yeah. >> All right. I guess I guess we're leaving this in Rajon. I was just making my my pitch for the second. All right. We'll be back after this with a conversation about Jensen Wong's AI. Uh Jensen Wong's comments on AI layoffs, the metaverse, and then Jeff Bezos's fund. We'll be back right after this. And we're back here on Big Technology Podcast Friday edition. Yes. Uh as you heard before the break, Senator Mark Warner is going to be on the show next week. We we have an amazing, honestly, I think the strongest lineup we've had in a very long time, if not in the show's history, coming up on some of these Wednesday shows. So So stay tuned for that. All right. Uh maybe Jensen Wong will come on. Maybe not. But he certainly was speaking with Save AI. Yeah. >> Oh yeah. So this was so he did do this this uh tour around GTC similar to what we thought which was basically making the case for artificial intelligence. and Jim and part of it was Jim Kramer asking him on CNBC about his um about his his impression on whether companies will continue to uh lay people off with AI and and Jensen I think captured what I was feeling about this uh pretty well here was what he what he said in response for companies with imagination you'll do more for companies where the leadership is just out of ideas they have nothing else to do they have no reason to imagine greater than they are. Then when they have more capability, they don't do more. And this just has kind of gone to my my thought on the whole AI layoff thing, which is that yeah, if you have no imagination, you'll just lay off and take profit, but if you do have imagination, you're going to do more with these tools. And there's so many things that ambitious CEOs want to do. And that's why I'm a little bit skeptical whenever I hear this AI will cause mass unemployment, uh, you know, sort of line like we heard. Um, you know, I don't know. We've heard from multiple places. I don't it doesn't mean that the we shouldn't be prepared. That's what I'm going to speak with Senator Warner about, but it also means like let's look at this in context and with some nuance like we tried to do on Wednesday with Andrew Ross Orcin. So, what do you think about this line from Jensen? I think it captures it so well. >> I think Jensen is slowly cementing himself, as we talked about on last week's episode, as the good guy of AI. And he he's got a shot. He's People are going to like the leather jacket, the drinking beer, and the fried chicken. I think he's This is a good line. When you have imagination, you can do more that you can use this to just try new things and like scale more quickly and just Yeah, it just opens up. I saw one thing I think I'm starting to buy into. It's like it could mean fewer SAS giants, but it could mean many many more medium-siz SAS businesses of like smaller teams, but still just more software is created, more technology is used in new kinds of ways. Like I think that's definitely the the optimistic scenario. I think where again we saw with block we've seen a lot of the time and we're going to get into the rumored uh the reported potential meta layoffs like people are going to be attributing these to AI directly. People might even use AI as the excuse like we saw with Jack Dorsey but in a lot of these companies maybe they don't have much to do. They overhired. They were bloated and they potentially wouldn't need to cut anyway and they couldn't just reinvest those people into more interesting things. >> Yeah, exactly. I I really I I'm a believer in the bull case here. Not to say there won't be any disruption, but it also means that like I I won't discount the fact that there's a percentage chance that like there things will go bad and that's why you have to plan for that. Um, but I think Jensen really captures it. If you have imagination, you're going to do more. If you don't have imagination, you're going to lay off. >> Do you think by the summer is Jensen has he cemented his role as the good guy of AI? It's clear he's he's pushing. >> Well, I don't know if good guy is the the sort of framing I would use, but I I think he's >> a friendly face. >> He has a chance to be sort of the Steve Jobs of AI. and maybe he's already there, but you know, he he can be the visionary that explains and makes the like we were saying last week, someone's got to make a case for this technology >> and do it well because the polling numbers are bad. So, I think he could be if maybe that Steve Jobs was a great marketer and salesman. Jensen is a great marketer and salesman, >> different products, but I think that he can fill that marketer salesman role for sure. >> No, that's a good point. Okay. So maybe it's not like you don't have to be even friendly face or good guy. You just have to try to like make the optimist case for the industry. And and again, like I feel there's a lot of times where it's almost like the there's this tone of even when you're trying to couch it as optimism, like people still it's like you have to deal with it otherwise you're dumb or you you know like it's it's still being shoved down your throat rather than making people want to actually just be excited about what's possible. And uh we we certainly need that. Well, I mean, you know, I let's see because the implications of where this AI thing is going are are, you know, I think you you're also someone who's like, let's not believe, you know, fully and drink the AI Kool-Aid on this cuz you if you go all the way in, you can end up having, you know, shocks and disappointments on the way, you know, if things don't go the positive way, right? >> Well, there's two types of shocks you can have. One is it it doesn't work as advertised and that's just its own kind of shock and disappointment or it works just in a very scary way and just causes mass disruption as many in the AI community talk about and its own its own kind of shock. So, I think it could be either of those, but there Yeah, that narrow path through the middle of those two, no one has outlined in any kind of like decent way. >> Well, I mean, yeah, the numbers the numbers tell the story, right? >> What was it? Oh, they were below. AI was pulling lower than Ice and uh Yeah. >> the only above Iran in the Democratic party. >> Yeah. >> Which is not not exactly the things that people are most into uh right now. By the way, I you know I just one more plug on the Warner interview. I do speak with him about whether this negative polling can lead to uh delays in data centers and coming from Virginia which has the most data centers in the US certainly knows a thing or two. So something to look out for. All right, meta and the metaverse. Should we call this segment um is it Schroinger's metaverse? Is it alive or is it dead? Uh, this is from, let's see, CNBC. Meta is shutting down VR social platform Horizon Worlds and further piv pivot away from the metaverse. Meta announced Tuesday that it was shutting down Horizon Worlds, the virtual reality social network for Quest VR headsets that was once a key piece of the pivot to the metaverse. Horizon Worlds, by the way, was this kind of VR world where you would start hanging out with people. No one really used it. Maybe some people did, but not not many. And here's the next story from Mashable. Meta isn't or I'm sorry, Ngadget. Meta isn't shutting down its VR metaverse after all. Meta is backtracking on its plans to shut the VR meta uh version of its metaverse. The company now plans to support Horizon Worlds in VR for the foreseeable future. According to Andrew Bosworth, the CTO of Meta, we will keep it working for VR in VR for existing games to support the fans who've reached out. Uh, Ronan, is is the metaverse alive or the metaverse dead? >> I I'm going to pivot from Schroinger's metaverse because it's dead. Is this isn't a dead or alive question to me. I would like to pivot to a very nostalgic kind of like wistful look at I I I liked I was seeing people share just those ridicul like I think it was Mark Zuckerberg interviewing Gail King in the metaverse. There's like just just remember that time. I mean >> I don't know if this is true or not but I saw someone share that someone paid hundreds of thousands of dollars to live next to Snoop Dogg in the metaverse. >> What is it? remember metaverse real estate metaverse like ah what a time what a time that was. >> This is from the New York Times. They highlight some of the some of the madness around it. Um Disney and Crate and Barrel and other companies were quick to appoint chief metverse officers. And this is from McKenzie >> with its potential with its potential to generate up to 5 trillion in value by 2030. The metaverse is too big for companies to ignore. >> So question, did you ever go into the metaverse? >> I think I did. >> Like what do we consider the meta? Did you own an Oculus Quest or I guess you try I mean you tried the Vision Pro. I don't even know if that counts as metaverse like >> No, that was spatial computing. No, I never owned one. Oh, I did I did have an Oculus. You know, I had an Oculus when I was uh it was a test device when I was at uh BuzzFeed back in the day and then I lent it to a co-orker because I wasn't using it very much and then CO happened and I never saw that person again. >> I would have I would have loved to have that uh you know a metaverse with me in CO which by the way it ended up being mostly a co fever dream. Well, I think because so I played like games with the Oculus Quest, but I didn't interact with other people. Also, certainly never like a Horizon's World or anything like that. Um, yeah. No, I I don't think I ever made it to the metaverse. I I kind of am regretting it now. Maybe we should go find ourselves some quests on Facebook Marketplace, pretty cheap, and go see who's hanging out on Horizon's World right now. If any listeners are, let us know. We'll come find you. We'll hang. >> Yeah. You if you're the person that going to is going to go meet someone to pick up a quest on uh to go to the Facebook marketplace, they're just going to hit you in the head with a crowbar and take your money. >> You're you should be wrong. Sorry. Sorry, >> Ron. John the Cororum. Um no, no. But on a serious note, maybe the metaverse was never just virtual reality. I think this from Matthew Ball. The metaverse is misdescribed as virtual reality. In truth, virtual reality is merely a way to experience the metaverse. To say VR is the metaverse is like saying the mobile internet is an app. Note too that hundreds of millions are already participating in virtual worlds on a daily basis and spending billions of them without VR, AR, MR, or XR devices. I see he's talking about Roblox. As a correlary to the above, VR headsets aren't the metaverse anymore than smartphones are the mobile internet. So maybe actually you know what here's the comeback. So world models I think are going to be like the you know like AI models that instead of are being based on language or being based on actually understanding the physical world and we're going to get into Bezos's new fund. I think I think they keep the metaverse alive and reality labs and then slowly quietly pivot to the whole world model space and then suddenly it all comes back and Zuck was right the whole time as he figures out AI ad LLM based advertising and comes back with world models and gets on his hoverboard thing with an American flag and just wins again. >> Yeah. Uh but oh by the way that thing is called a foil. I called it a skin >> foil hydro or something. >> Yeah. One of my Yeah. Yeah. Apologies to listeners. Like we should have known that one. >> We we regret the error. Um but the funny thing would be if they do pivot to world models, guess who the perfect person to bring back uh to run that would be would be on Lun. >> That's that would Oh, wait. Isn't that his new startup? I >> think is a big part of it is understanding the world. Yes. >> Yeah. at world models. But it is I think it is interesting to me because like you take your Fortnites and Robloxes and people are still spending ungodly amounts of money for like skins in those games and interacting everywhere and those are those are virtual world experiences. So, so yeah, metaverse is alive. Just not not legless avatars while wearing a virtual reality headset and sitting in a meeting because I still wish I did that once, but never got around to >> Yeah, I unfortunately think I was just not working in a company for when the time that came around. Oh, one last thing we should say. I I think that this conversation about the metaverse, you know, is incomplete without talking about what it led to, which is like if there is a hope for consumer AI, which we debated in the beginning, it's probably through some form of device. And Meta certainly has a head start on that. I mean, the Ray-B band metas, which which you and I both really like, and these newer projects are direct results from uh this V VR move. Yeah, take the VR headsets live on just the metaverse. No, >> take the win. I think like if they just said openly like these technologies gave us a head start in wearables in the entire new world of AI, no one would question it. It's it's right. So, you don't have to just shut down Horizon's world. It's okay. You don't have to pretend to keep it open. You don't have to. you guys. No, >> no, I was I was just saying >> I to myself I think they are basically saying that >> that version of what you just said >> which is like this was >> it's almost like you know like the uh fire phone led to the echo or something like that. >> Exactly. Exactly. There's a there's a hero story here. There's a definite hero story. >> And now that they don't have to spend all that money supporting it, they can actually work to build build AI. So, all right. Uh, speaking of Amazon, there's this really interesting story that I don't think we should leave without talking about, which is that uh, Jeff Bezos, according to the Wall Street Journal, is in talks to raise 100 billion for an AI manufacturing fund. Bas is in early talks to raise 100 billion for a new fund that would buy up manufacturing companies and seek to use AI technology to accelerate their path to automation. The Amazon founder is meeting with some of the world's largest asset managers to raise funding for the project. A few months ago, he traveled to the Middle East to discuss the new fund with sovereign wealth representatives in the region. More recently, he went to Singapore. The fund described in investor documents as a manufacturing transformation vehicle is aiming to buy companies in major industrial sectors such as chipm, defense, and aerospace. It would dwarf the size of some of the world's uh dwarf the size of some of the world's largest buyout funds and rival soft banks 100 billion tech focused vision fund. Couple of thoughts on this if I may. Number one, why is Bezos raising this money? Doesn't he have it? I don't know, maybe you don't always want to use your own money, but if you believe that much in the idea, why don't you just put your own in towards it? Number two, uh it is somewhat horrifying uh that Jeff Bezos is going to after well I guess Amazon did increase its employees in the fulfillment centers after it brought the robots in. But it is somewhat horrifying that Bezos who wants to automate everything he can lay his hands on seems like he's ready to automate uh you know real uh you know bluecollar jobs with this push. And third of all, you know, knowing knowing Bezos the way I do, and that is, of course, reading about him and speaking to people who know him, he just tends to be right about these things all the time. And I I really do believe that he's on to something here that uh manufacturing transformation with AI is is already in underway, but is about to make a major major leap and there's real opportunity there. So, I think Bezos is on the money and I have a lot of these feelings. What do you think, Rajan? Well, if you continue reading the next two paragraphs on this, Bezos was recently appointed coco of Project Prometheus, a new startup that is building artificial intelligence models that can understand and simulate the physical world. While much of the AI revolution has been focused on large language models, billions of dollars have begun to flow to companies that are seeking to apply spatially focused AI systems towards industries including robotics and manufacturing. So yeah, I I had not even seen that in the the our our prep dock here before. World models, that's that's going to be the next big thing. And and again, I like the point. Not only is Bezos someone who is often right about this kind of thing again like what Amazon did to the entire warehouse space, bringing in more people and but still the level of automation is what led to us all getting addicted to two-day delivery and one day instant delivery like like the the technological innovation that they were able to push like he gets it. He he's shown it time and time again. So I think he will definitely this is this is something we will watch very very closely. >> No totally I agree. I mean the thing with Bezos is he knows that there is like there are going to be companies that will implement this and companies that don't and I think he's making a pretty sizable bet of course with others money but he's going to make this big bet and and probably be right. Um all right John before we leave I have a question to ask you. It's uh somewhat sensitive. I just need to ask >> away. >> Do you dry chat? >> I have dry chatted. I have dry chatted. >> So, Wall Street uh Journal reporter uh Megan Babrowski tweets what the And this is seemingly a pitch that she got. She goes, "One in four admit they she the email goes from Mandy. Poor Mandy getting put on blast in front of everybody. One in four admit they try chat before emotionally difficult uh tasks. What is dry chatting? Here's the pitch. Hi Megan. Jittery before a tough conversation. Have you tried dry chatting? Dry chatting. Apparently it's a trend. As over half of adults admit they find it hard to articulate their emotions during tense conversations. Many are turning to AI to rehearse. Enter dry chatting. Rehearsing emotionally challenging conversations with AI before having them in real life. I I guess we found it. This is the use case. AI consumer. Here it is. >> This is the consumer use case. Dry chatting. I kind of when I saw this, obviously the term dry chatting is just like h I don't know there it's something a bit it's just something that gives you the aches. But but then when you start to see it, you're like, wait, this is so I have admit like if you have to write a tense email, running it through an AI and asking for some pointers and saying like what you want out of it is a pretty good thing. I think most people should do. I I I haven't gone straight for the the voice dry chat, I'll admit. like I haven't I haven't talked to Jet GBT Gemini Cloud, whoever else and uh tried to rehearse the conversation in full, but maybe it's maybe it's worth it. Maybe I I might try Jack dry chatting soon. It's uh it's like it you know what? If it helps you actually resolve the situation in a in a much more amicable way, shouldn't we all be dry chatting? >> First of all, I will say I have used voice to dry chat. Uh you you voice I have some of my some of my interviews uh before I like I have like a rundown and you know I want to anticipate what the interviewee is going to say. So I role play with the bot sometimes and I'm like you're this person and I'm me. So, I'm going to separate dry chatting from like roleplaying, >> like rehearsing because this this is specific. I feel dry chatting applies to like really like emotionally challenging conversations. It could be if you're about to fire someone, if you're like uh like, you know, you have to break up, you have to like deliver some really bad news to me. I'm going to I want to keep dry chatting, make sure we all understand. Oh my god. This is >> just the the syphancy uh and the dry chatting. I don't think it goes well together. It's like, "All right, it's all right, Chat GPT. You're going to be my girlfriend and I'm going to be me and I have some news to to share with you." And Chat GPT like, "Okay, go ahead." And you'll be like, "Um, baby, we need to break up." And Chat GPT will be like, "Great idea. They're always coming up with the smartest ideas." Well, so but so does dry chatting work better? We what's like the eval? What's the dry chat benchmark? Cuz a 40 40 sick Vincency would then when you go to deliver the actual bad news, you'll get ripped apart cuz sophantic GPT40 told you you're right about everything. Maybe that that's my that's the new benchmark we need to uh come up with. Well, you have it has to be this like sort of reinforcement learning where you reward conversations that don't get the person slapped in real life. >> That's the So, there's some poor scale AI guys who have to go through. >> Got to go. All right. Listen, your your task this week. I'm ready for it. Um, you got to break up with your girlfriend >> for science. We got to see if she's you're getting slapped. I'm telling you, man. >> This could be it could be a a reality reality TV series. >> Dry chat, actually. Yeah. You you go wait. This you go you dry chat and then you go have the real conversation and everyone gets to watch how it actually plays out. This is not a bad >> not a bad pitch. >> Have you seen Nathan Fielders the rehearsal? >> Yeah. Yeah. Yeah. Yeah. >> So, it's just like that. Nathan's just dry chatting with all these people. >> Yeah. They put comedians out of business now. >> All right. Well, I think on that note, might have to. >> Well, this has been a a lovely I don't even want to say it. Is this a wet chat? If that's a dry chat, >> don't don't go. I think we should go. >> I specifically refrained this entire time. >> All right, folks. Don't miss my interview with Mark Warner on Wednesday. Thank you, Ron John. Thank you everybody for listening and watching. We'll see you next time on Big Technology Podcast.