Open Reader

Apple’s New Siri, SpaceX’s $300B IPO & the AI Company Killing Its Own Brand

completed 44:12 Jun 12, 2026 Watch on YouTube

Current Status

completed

Video ID

Yvox4U_8u1w

RAG / Chat

Enabled
Apple’s New Siri, SpaceX’s $300B IPO & the AI Company Killing Its Own Brand
Description

Dave joins the squad from YC just ahead of WWDC, where the group breaks down Apple’s upgraded Siri and the surprising revelation that much of Apple’s AI capability is powered by Google’s Gemini models. It wouldn’t be a technology podcast without the squad expanding into the broader AI landscape, with Dave arguing that outside of OpenAI and Anthropic, most AI companies are becoming infrastructure providers rather than destination products. They continue to unpack the IPO frenzy around SpaceX and OpenAI, including SpaceX’s reportedly massive investor demand and OpenAI’s murky timeline to go public. Jess then shifts the conversation to the turmoil at 60 Minutes, where leadership shakeups, internal revolts, and a declining brand presence raise questions about the future of legacy media. Finally, in Pop Culture Corner, the pod closes with Disney’s $200 million bet on Toy Story 5 and Taylor Swift’s outsized promotional impact. Chapters: 01:53 - Apple WWDC: New Siri Breakdown 05:18 - Google Gemini Powers Apple AI 07:06 - WWDC Ignored Developers Entirely 10:21 - Tim Cook’s Leadership Baton Pass 14:30 - SpaceX IPO and OpenAI Filing 18:00 - Anthropic vs. OpenAI Narrative War 21:48 - Dave Morin’s Two-Phone Redemption 26:52 - 60 Minutes Leadership Implosion 38:44 - Toy Story 5 and Taylor Swift We’re also on ↓ X: https://twitter.com/moreorlesspod Instagram: https://instagram.com/moreorless Spotify: https://podcasters.spotify.com/pod/show/moreorlesspod Connect with us here: 1) Sam Lessin: https://x.com/lessin 2) Dave Morin: https://x.com/davemorin 3) Jessica Lessin: https://x.com/Jessicalessin 4) Brit Morin: https://x.com/brit

Summary

Generated by claude-sonnet-4-5

At-a-Glance

  • Verdict: Skim
  • Core thesis: Apple's WWDC prioritized consumer AI features over developer tools, signaling a strategic bet on consumer experience while overlooking the generative coding revolution; meanwhile, OpenAI, SpaceX, and Anthropic engage in distinct narrative positioning as they approach public markets.
  • Why it matters: Ken needs to understand how Apple's ecosystem constraints (app store policies blocking self-modifying apps) affect agentic coding tools, how foundation model companies are differentiating through narrative (OpenAI = scale, Anthropic = fear, SpaceX = inspiration), and the implications of legacy media brands attempting transformation under new leadership.
  • Best use: Scan for Apple ecosystem strategic constraints, foundation model IPO positioning tactics, and the 'tiny attention' framework for understanding consumer engagement limits in an AI-saturated market.

Executive Summary

The hosts discuss Apple's WWDC 2024, criticizing it as a consumer marketing event rather than a developer conference. Apple unveiled enhanced Siri capabilities powered by distilled Gemini models (local and cloud), enabling on-screen context queries and complex tasks—features the market expected years ago. However, WWDC barely mentioned developer tools or the agentic coding wave reshaping software creation. Apple's App Store policies prohibit self-modifying apps, forcing companies like BitRig to abandon iPhone-focused strategies entirely, potentially damaging Apple's developer ecosystem as generative coding tools proliferate.

The conversation shifts to foundation model companies approaching IPO. SpaceX's IPO has $300B in demand (4x oversubscribed, heavy Middle East interest), while OpenAI filed confidentially but listed multiple reasons it might delay (model development trajectory, token economics flexibility, unusual data center deals). The hosts argue OpenAI has lost narrative clarity: it can't own 'fear' (Anthropic took that), can't own 'AI for everyone' (too diffuse), and defaults to 'biggest computer'—a scale narrative. Anthropic leans into doom messaging (releasing intentionally crippled models to signal danger), while SpaceX owns inspiration through visual media. The debate touches on SoftBank struggling to raise the ~$30B promised to OpenAI, raising questions about funding reliability.

A media tangent explores CBS's 60 Minutes crisis: new leadership hired Nick Bilton at $2.5M/year (80% more than predecessor) despite no TV production experience, triggering an insurrection from veteran correspondents like Scott Pelley, who was fired for public insubordination. The hosts view this as a legacy brand transformation attempt failing due to cultural misalignment and lack of digital strategy (60 Minutes redirects to CBS News with grocery store popover ads). They suggest the brand needs radical reinvention ('60 Seconds') to capture shrinking attention spans, though acknowledge 9.1M viewers still tune in (9% YoY growth, trailing NFL lead-in at 11%).

Underlying themes: Dave introduces 'tiny attention'—the idea that human attention is fixed while tools/content explode exponentially, forcing brands to fight for single daily thoughts. The group jokes about OpenAI's narrative being 'look at my huge cock' (size/scale dominance), debates whether 'everyone is a developer' or 'no one is a developer' in the agentic era, and notes Taylor Swift's Toy Story 5 promotion likely generated $500M+ earned media on a $200M film budget. The hosts see Apple as classic 'wait and refine' but worry it's missing the agentic moment, while foundation model companies scramble to differentiate before commoditization.

Key Takeaways

  • Claim: Apple's App Store policies block self-modifying apps, killing iPhone-native agentic coding tools and potentially harming the developer ecosystem | Evidence: BitRig, a YC-backed agentic coding app, abandoned iPhone development entirely because Apple won't allow apps that modify themselves post-download; the company shifted strategy to Mac-only despite iPhone being 20 years old and still requiring a Mac to build iPhone apps | Caveat: Apple's rationale is security-minded (preventing malicious behavior changes), which is defensible, but no exception framework exists for legitimate use cases | Implication: Ken should note Apple's walled garden may exclude it from the agentic coding wave; companies building AI dev tools must route around iOS or accept Mac-only distribution, limiting mobile-first workflows | Timestamp: 00:45
  • Claim: Apple delivered 'exactly what Siri should have been doing all along' by integrating on-screen context queries and internet access via distilled Gemini models, but WWDC ignored developer technologies and the generative app creation wave | Evidence: New Siri uses Google Gemini (on-device and cloud) distilled into Apple Foundation models for private compute; users can query anything on-screen (Instagram posts, etc.) and perform complex tasks. However, keynote had 'almost no mention of anything developer related' until final minutes, ignoring that 'if you have Claude/Cursor set up properly, you can just generate any app you want' today | Caveat: The real test is whether Apple can shift users from simple tasks (lights on/off) to complex queries; jury is still out. Also, WWDC is historically a developer conference but has become a consumer marketing event | Implication: Ken's takeaway: Apple is playing catch-up on consumer AI UX but may be strategically ignoring the 'everyone can code' narrative that threatens its developer platform model. Distilling Google's tech keeps Apple fast-follower rather than leader | Timestamp: 03:12
  • Claim: OpenAI has lost narrative coherence: it can't own fear (Anthropic), can't own consumer ubiquity (too many partnerships dilute message), and defaults to 'biggest computer' scale narrative | Evidence: OpenAI filed confidentially for IPO but listed reasons it might delay (model trajectory, token economics, data center flexibility). The hosts argue Anthropic 'outfeared' OpenAI by going 'all in on scare' (releasing intentionally weak models to signal danger), while OpenAI's broad partnerships (Apple, etc.) prevent pure fear messaging since 'you can't sell scare and get consumers to use ChatGPT.' The emergent narrative is infrastructure scale: 'look at my huge cock' (verbatim quote as metaphor for compute dominance) | Caveat: Some OpenAI-adjacent people believe Dario (Anthropic CEO) is fear-mongering specifically to wound the category leader (OpenAI), though hosts think Dario genuinely believes the risks. Also, OpenAI's flexibility claims may be 'smoke and mirrors'—they're likely on a conventional October IPO timeline alongside Anthropic | Implication: Ken should track how narrative fragmentation affects fundraising and market positioning; OpenAI's 'portfolio of AI stuff' lacks the memetic punch of SpaceX's inspiration or Anthropic's doom. Also, SoftBank struggling to raise the $30B promised to OpenAI suggests capital allocation challenges even for perceived winners | Timestamp: 10:23
  • Claim: SpaceX's IPO has $300B in demand (4x oversubscribed), driven by inspirational rocket media and Middle East capital, while OpenAI and Anthropic jostle for October IPO timing | Evidence: SpaceX demand is 'forex oversubscribed' with 'almost $300 billion in demand, including a lot of the Middle East.' Meanwhile, OpenAI and Anthropic both filed confidentially and are 'jockeying with whatever configuration' to get allocations. The hosts joke these companies are so competitive that 'OpenAI and SpaceX were embroiled in a fierce legal battle two months ago,' yet timing announcements are clearly coordinated to steal headlines from each other | Caveat: The 'rounds are always oversubscribed' skepticism applies; VCs and bankers routinely claim oversubscription. Also, OpenAI's SoftBank funding doubts (Bloomberg series on SoftBank struggling to raise the $30B) suggest demand may not translate to closed capital | Implication: Ken's investment lens: SpaceX's inspirational narrative (rockets, Mars, moon media) is more durable than AI model narratives, which risk commoditization. Middle East sovereign wealth is a major liquidity source. OpenAI/Anthropic timing suggests a race to lock in valuations before model performance plateaus or compute costs crater | Timestamp: 08:45
  • Claim: The 'tiny attention' economy means human attention is fixed while tools/content explode exponentially, forcing brands to fight for one daily thought—reframing productivity gains as attention fragmentation | Evidence: Dave introduces the concept: 'The amount of human attention available in a given day is fixed. The amount of tools trying to get that attention are massively increasing at an exponential rate... people are saying I'm so exhausted, I can't keep up with everything.' He frames it as 'you're lucky if you can get one thought from people in a given day.' AI + social media compounds exhaustion without expanding attention supply | Caveat: No empirical data provided; this is a conceptual framing. Also, the New York Times reports Gen Z is adopting 'two phone lifestyles' (work phone, chill phone) to manage attention—Dave pioneered this in 2013/2014 and was roasted by Vanity Fair, now vindicated | Implication: Ken's operator note: if attention is the scarce resource, AI tools that promise productivity may actually fragment focus further. Content/brands must win single-thought salience daily. Also, the 'two phones' trend suggests consumers are hacking attention scarcity via hardware partitioning, not software (screen time limits failed) | Timestamp: 17:30
  • Claim: CBS's 60 Minutes hired Nick Bilton at $2.5M/year (80% more than predecessor) despite no TV experience, triggering correspondent insurrection and firing of Scott Pelley for public insubordination, exposing legacy media transformation failure | Evidence: Nick Bilton (former NYT tech columnist, 49 years old, no TV production or investigative news experience) was hired to run 60 Minutes under CBS/Paramount CEO Barry Weiss. Scott Pelley, 'very esteemed 60 Minutes correspondent for decades,' confronted Bilton in all-hands meetings saying he was unqualified, then gave a New York Times interview throwing Bilton/Weiss under the bus. Pelley was fired for insubordination. The show has 9.1M viewers (9% YoY growth) but trails its NFL lead-in (11% growth) and redirects its website to cbsnews.com/60minutes with grocery store popover ads | Caveat: This is internal drama, not strategic analysis; hosts acknowledge 'only media people care.' However, they note Pelley's Instagram has 1,900 followers (Leslie Stahl, another correspondent, has 1,900), suggesting zero digital strategy despite the insurrection being about modernization. Also, Paramount is acquiring CNN, so this team will control more TV news shortly | Implication: Ken's GTM lens: legacy brands attempting transformation often fail due to cultural misalignment (TV veterans vs. digital outsiders) and lack of digital distribution (no owned website, poor social followership). The hosts suggest 60 Minutes should rebrand to '60 Seconds' for short-form, but leadership lacks the capability. Broader implication: hiring for 'disruption' without institutional buy-in creates public warfare, not innovation | Timestamp: 23:45

Detailed Brief

Apple WWDC 2024: Consumer AI reveal, developer tools ignored, ecosystem constraints bite agentic coding

  • Claims: New Siri uses distilled Gemini (on-device + cloud) for on-screen context queries and internet access, delivered via Apple Foundation models for private compute; Keynote had 'almost no mention of anything developer related' until the final minutes, strange for a developer conference with 'worldwide developer' in the name; Apple's App Store policy blocks self-modifying apps (security rationale), forcing BitRig (agentic coding app) to abandon iPhone entirely and go Mac-only; iPhone is 20 years old and 'you still can't create an iPhone app with the iPhone,' requiring a Mac for all development; WWDC ignored the 'everyone can generate apps now' trend (Cursor, Claude, etc.), missing the top theme in the technology industry; Stock down 7% since Monday, suggesting market was not enthusiastic about the announcements
  • Evidence: Josh Elman (friend of hosts) worked on new Siri; demo showed asking Siri about anything on-screen (Instagram posts, 'where is this place?'), pushing the Siri button for complex queries; BitRig is a YC-backed 'agentic coding app for the Apple ecosystem' with a hackathon at YC's Mountain View office during WWDC; latest update was not approved by App Store because self-modifying apps are forbidden; Dave Morin was in the audience at WWDC and noted 'almost no mention of the actual developer technologies until the very end... minutes of a very long keynote'; Craig Federighi is the 'star of the show at WWDC' (known for hair, dad jokes, F1 videos), but no mention of John Ternus (new CEO) speaking despite being 'omnipresent backstage'; New Siri features are 'exactly what Siri should have been doing all along' per hosts; classic Apple 'sit back and watch best use cases, then deliver better consumer experience'; Partnership with Google (Gemini distillation) positions Google as 'arms dealer' in AI race: 'if you're anyone other than OpenAI and Anthropic, you are now an arms dealer... selling/renting access to H100/H200 clusters or giving access to trained models'
  • Caveats: Apple's security rationale for blocking self-modifying apps is 'understandable' but lacks exception framework for legitimate uses; The real test is whether Apple can shift users from trivial Siri tasks (lights, timers) to 'much more complex advanced queries'—'jury is still out'; WWDC has been a consumer marketing event for years, not a pure developer conference, though some prior years included API announcements; No hardware announcement at WWDC (Ternus is hardware guy), which may explain his absence from keynote; folding iPhone rumored but unconfirmed; Stock performance may reflect broader concerns (iPhone sales in China) rather than WWDC content alone
  • Implications: Ken's operator note: Apple's ecosystem constraints (no self-modifying apps) lock out mobile-native agentic coding, forcing tools to Mac-only or web distribution—this could fragment Apple's developer ecosystem as generative coding becomes default workflow; Apple is playing fast-follower (distilling Google Gemini) rather than leading on foundation models; this works for consumer experience but cedes platform control to Google (data access, model updates); The 'everyone is a developer' vs. 'no one is a developer' debate is unresolved at Apple; hosts expected WWDC to embrace low-code/no-code AI generation but Apple ignored it entirely, possibly to protect App Store economics; Narrative positioning: Apple sticks to 'refinement and consumer experience' rather than jumping on 'narrative of the moment' (agentic coding), which may prove prescient or miss the wave of technical early adopters enthralled with generative tools; For Ken's portfolio: companies building on Apple platforms must route around iOS constraints or accept Mac-only distribution; BitRig's pivot shows Apple's policies can force strategic realignment even for well-funded startups

Foundation model IPO race: OpenAI (confusion), Anthropic (fear), SpaceX (inspiration) narratives and capital jockeying

  • Claims: SpaceX IPO is '4x oversubscribed' with 'almost $300 billion in demand,' including heavy Middle East participation; OpenAI filed confidentially but listed multiple reasons it might delay IPO: model development trajectory, token economics flexibility, unusual data center deals (NVIDIA chip leasing); OpenAI and Anthropic both announced confidential filings, smart to avoid 'pesky reporters,' but OpenAI's rationale for delay is 'smoke and mirrors'—likely on conventional October IPO timeline alongside Anthropic; SoftBank is struggling to raise the ~$30B it promised OpenAI (Bloomberg reporting), raising questions about funding reliability and Masa's ability to deliver; Narrative differentiation: SpaceX = inspiration (rockets, Mars, moon media), Anthropic = fear (releasing crippled models to signal danger, publishing doom essays), OpenAI = scale ('biggest computer' / 'look at my huge cock' per hosts); OpenAI's narrative is fragmented: can't own fear (Anthropic took it), can't own consumer AI (too many partnerships dilute purity), defaults to infrastructure dominance
  • Evidence: SpaceX demand includes 'a lot from the Middle East,' suggesting sovereign wealth funds are major liquidity source for space/AI IPOs; OpenAI's confidential S-1 filing includes caveats about wanting 'flexibility to change token economics to gain market share' or 'do another unusual deal like the one the Information reported this week' (data center with NVIDIA chip leasing); Anthropic's latest release was 'so dangerous that we're going to publish an essay and release it to the public so kneecapped that it can't do anything for you of any meaningful level of intelligence'—fear-based messaging; OpenAI and SpaceX 'were embroiled in a fierce legal battle two months ago,' yet both are racing to IPO now, with timing announcements designed to 'take a headline or two away' from each other; Hosts describe OpenAI's emergent message as 'their branding is just size matters... look at my huge cock' (metaphor for compute scale), contrasting with Anthropic's 'super fear-based message' and SpaceX's 'unbelievable media... amazing technology, Mars, moon, inspiring' narrative; OpenAI went 'so broad and have so many partners' that they lost narrative purity: 'you can't sell scare and then also get consumers to use ChatGPT'—conglomerate problem of diluted messaging
  • Caveats: Oversubscription claims are routine in VC/banking ('rounds are always oversubscribed'), so $300B SpaceX demand may be inflated or conditional; SoftBank's funding struggles (Bloomberg series) suggest even 'promised' capital may not close; Masa 'eventually finds a way, maybe busts in the middle,' but OpenAI should rely on other investors; Anthropic's fear messaging: some believe Dario is 'fear mongering to wound the category leader' (OpenAI), though hosts think 'he believes it' and it's 'more in his blood'; OpenAI's flexibility claims about delaying IPO may be genuine (model trajectory uncertainty, token economics), but hosts are skeptical ('smoke and mirrors'); No investor will see OpenAI's S-1 filing and 'be less aggressive in their near-term SpaceX position'—these are viewed as separate bets, not zero-sum
  • Implications: Ken's investment lens: narrative clarity drives capital allocation—SpaceX's inspirational media (rockets) is more durable than OpenAI's fragmented 'portfolio of AI stuff' or Anthropic's doom loop, which may alienate consumer adoption; Middle East sovereign wealth is a critical liquidity source for mega-IPOs; SpaceX's oversubscription suggests defense/space/AI are aligned with Gulf strategic priorities; OpenAI's SoftBank funding doubts indicate even 'winning' companies face capital reliability risk; Ken should track who actually closes vs. who promises headlines; Anthropic's fear strategy may be a wedge to wound OpenAI (per some observers) or a genuine belief system (per hosts); either way, it's a coherent narrative that OpenAI can't reclaim without alienating consumer partners; The 'biggest computer' narrative (infrastructure scale) is OpenAI's default but risks commoditization if compute costs drop or model performance plateaus—scale alone isn't defensible long-term; Timing of IPOs (October for both OpenAI and Anthropic per hosts) suggests a race to lock in valuations before market conditions shift or model capabilities converge, reducing differentiation

Tiny attention economy: fixed human attention vs. exponential tool/content growth, with two-phone lifestyle as consumer hack

  • Claims: Dave introduces 'tiny attention' concept: human attention in a given day is fixed, but tools/content trying to capture it are increasing exponentially, so 'you're lucky if you can get one thought from people in a given day'; AI has made attention exhaustion worse, not better: 'everyone I know is saying I'm so exhausted, I can't keep up with everything... AI has made it even worse, AI plus social media'; New York Times reports Gen Z is adopting 'two phone lifestyle': work/productivity phone + chill/relaxed phone to partition attention and reduce stress; Dave pioneered two phones over a decade ago (2013-2014) and was roasted by Vanity Fair for having 'day phone and night phone' (18% battery quote, 'Tetons are my soul' background); now vindicated as mainstream trend; Attention scarcity reframes productivity: more tools doesn't mean more output, it means more fragmentation and 'tiny' slices of focus available per brand/task
  • Evidence: Dave's framing: 'The amount of human attention that is available in a given day is fixed. The amount of tools that are trying to get that attention now are massively increasing at an exponential rate... the amount of attention that people have to pay attention to your new product or service is increasingly more tiny'; Vanity Fair interview from 2013-2014 had Dave mention two phones ('one for day, one for night; when day phone runs out, night phone takes over') and it 'blew up the internet... everyone freaked out... slammed him... a thing for years'; New York Times article describes two-phone lifestyle as strategy Gen Z is 'starting to use' to manage attention (work vs. personal), which hosts call 'ultimate redemption' for Dave's early adoption; Background on Dave's original quote included 'remaining battery percent was 18' and 'the Tetons are my soul' (mountains as phone background), which hosts jokingly attribute to PR firm but Dave insists he wrote; Hosts joke Dave 'continue[s] to live in the future' and was 'just early' on two phones, now a 'pop culture mainstream' trend per NYT
  • Caveats: No empirical data on attention scarcity; this is a conceptual framework, not a researched claim; Two-phone trend may be niche (Gen Z adoption reported, but unclear how widespread); hosts joke 'a lot of people do this' (Blackberry era) but it was never mainstream; Dave no longer has two phones ('does this mean I have to go back to having two phones?'), suggesting the trend may cycle or be situational; Alternative to two phones: battery packs (hosts joke 'you also just needed a battery pack'), though that doesn't solve attention partitioning; Screen time optimizations (mentioned re: WWDC) were 'not as well optimized as I would want them to be,' suggesting software solutions for attention management are failing, hence hardware hacks (two phones)
  • Implications: Ken's operator note: if attention is the bottleneck, AI productivity tools may backfire by adding complexity without expanding focus—'tiny attention' suggests diminishing returns on tool proliferation; Content strategy implication: brands must win single-thought salience daily rather than sustained engagement; short-form (60 Seconds, not 60 Minutes) aligns with attention scarcity; Hardware partitioning (two phones) shows consumers are solving attention fragmentation via physical separation, not software (screen time limits, focus modes)—opportunity for hardware/form-factor innovation; For Ken's portfolio companies: GTM must assume 'you're lucky to get one thought per day' from users; feature bloat and multi-surface strategies may lose to single-function clarity; AI tools promising to 'save time' may instead contribute to 'I'm so exhausted' sentiment if they add decision fatigue or require constant context-switching—net negative on user attention budget

60 Minutes / CBS News crisis: legacy media transformation failure, Nick Bilton's $2.5M hire, Scott Pelley insurrection and firing

  • Claims: CBS/Paramount CEO Barry Weiss hired Nick Bilton to run 60 Minutes at $2.5M/year (~80% more than predecessor), despite Bilton having 'no television experience' or 'investigative news production experience'; Scott Pelley, 'very esteemed 60 Minutes correspondent for decades,' publicly confronted Bilton in all-hands meetings saying he was unqualified, then gave New York Times interview throwing leadership under the bus; Pelley was fired for insubordination ('total insubordination... straight out of the morning show... Jerry Maguire speech'), triggering broader turmoil at 60 Minutes; 60 Minutes has 9.1M viewers (9% YoY growth) but trails its NFL lead-in (11% growth); website redirects to cbsnews.com/60minutes with 'grocery store popover ad pinned to the bottom'; Correspondents like Leslie Stahl (84 years old) and Scott Pelley have minimal social media presence (1,900 Instagram followers each), showing zero digital strategy; Hosts argue 60 Minutes needs radical reinvention ('60 Seconds' for short-form) to capture shrinking attention spans, but leadership lacks capability; Paramount is acquiring CNN, so this team will control more TV news soon
  • Evidence: Nick Bilton is 49 years old, 'former NYT tech columnist, Vanity Fair writer, podcast host, documentary filmmaker' but 'no TV production or investigative news experience'; Bilton's hiring followed firing of executive producer and her team; salary of $2.5M/year was '80% more than the prior EP' during CBS cost-cutting; Scott Pelley 'hours in all hands confronting [Bilton] saying he was not qualified'... then gave Business Insider and New York Times interviews 'to try and throw Barry under the bus even more... not a lot of flattering detail'; Hosts looked up Pelley's Instagram: 'Scott Pelley won' handle, 30,000 followers, 'still linking to CBS News instead of OnlyFans where he should be'; Leslie Stahl 'official' has 1,900 followers; 60 Minutes website: 'redirects to cbsnews.com/60minutes... fly-out popover ad for a grocery store pinned to the bottom... not a primo' setup per hosts; Hosts joke Pelley 'went old school... went to the New York Times' instead of 'started a Patreon, Instagram, OnlyFans' or 'pull a Conan O'Brien' (launch own platform post-firing); Hosts suggest 60 Seconds rebrand: 'if they said six seconds by 60 Minutes, I might watch that' or '60 Seconds hosted by Barbara Walters' (joke); also reference subway takes creator who said 'nobody should do long form content... just make the shorts'
  • Caveats: Hosts acknowledge 'only media people care about this' and '60 Minutes is a brand that matters in news' but also joke '5 people watch it by accident that are 80'; Pelley's insubordination was 'total' and public, making it 'very hard to keep someone who is so clearly hostile to leadership'—his behavior was arguably fireable regardless of merit of critique; 60 Minutes is still growing (9.1M viewers, 9% YoY), though trailing NFL lead-in; it's not in crisis by traditional TV metrics, but digital strategy is nonexistent; Hosts are 'optimistic on Nick Bilton with the 60 Minutes brand' (one host) vs. 'pessimistic... less on 60 Minutes' (another), showing split view; Paramount acquiring CNN means this team will control more TV news, so the CBS News turmoil has broader implications—but CNN 'at least has its own website' unlike 60 Minutes; Hosts note 'it's harder to change a legacy brand' and 'status quo is not going to grow the show' beyond the 9% rate, which is slower than its lead-in
  • Implications: Ken's GTM lens: legacy brands attempting transformation often fail due to cultural misalignment (TV veterans vs. digital outsiders) and lack of institutional buy-in—hiring 'disruptors' without support creates public warfare; Digital strategy vacuum: 60 Minutes has no owned website, minimal social presence, and correspondents with sub-2K Instagram followers—suggests zero investment in audience migration to digital platforms; Short-form reinvention ('60 Seconds') aligns with 'tiny attention' concept but requires capability the current team lacks; hosts joke 'Barry, you need some help... I don't even require $2.2 million a year' (Sam offering consulting); Earned media: the Pelley insurrection generated massive press ('every news outlet except the Information has a story'), ironically proving his point that the brand still commands attention—but through dysfunction, not journalism; For Ken's content/media investments: transformation requires both strategic vision (Bilton's digital/documentary background) and institutional alignment (which CBS lacked); parachuting in outsiders at premium comp ($2.5M) without cultural bridge = failure mode; Broader implication: legacy media's 'letters over for brands' (NBC, CNN, CBS) being replaced by streaming (Peacock, Disney+, Paramount+) is incomplete—60 Minutes proves brand equity exists but digital execution is missing

Notable Concepts & Terms

  • Tiny attention economy: Dave Morin's concept that human attention per day is fixed while tools/content claiming it grow exponentially, leaving 'tiny' slices of focus per brand/task; reframes AI productivity as attention fragmentation rather than gain
  • Arms dealer (in AI context): Companies like Google that aren't OpenAI/Anthropic are now 'arms dealers'—selling/renting H100/H200 clusters or providing distilled model access rather than owning consumer surface area; Apple's Gemini partnership makes Google an arms dealer to Apple
  • Self-modifying apps (Apple policy): Apple App Store prohibits apps that change behavior after download (security rationale), which blocks agentic coding tools like BitRig from iPhone—forcing Mac-only distribution and potentially excluding Apple from generative dev tools wave
  • Apple Foundation models / Private Compute: Apple's strategy of distilling Google Gemini (on-device and cloud) into proprietary models run locally and in Apple's cloud for privacy; powers new Siri but outsources foundation model R&D to Google
  • Narrative positioning (OpenAI/Anthropic/SpaceX): Hosts argue each foundation model/IPO company must own a distinct narrative: SpaceX = inspiration (rockets/Mars media), Anthropic = fear (doom essays, crippled releases), OpenAI = scale ('biggest computer'). OpenAI lost narrative purity by going too broad (consumer + enterprise partnerships)
  • Oversubscribed (IPO demand): SpaceX IPO has '$300B in demand' (4x oversubscribed), though hosts note 'rounds are always oversubscribed' as routine VC/banking claim; demand from Middle East sovereign wealth is notable
  • Mythos (Anthropic): Internal Anthropic term for their latest model release, which hosts mock as so fear-driven ('so dangerous we released it kneecapped') it's unusable; seen as Anthropic 'outfearing' OpenAI on safety narrative
  • Two phone lifestyle: New York Times-reported trend of Gen Z using separate work/productivity and chill/personal phones to partition attention; Dave Morin pioneered this in 2013-2014 and was roasted by Vanity Fair ('day phone and night phone'), now vindicated
  • 60 Seconds (proposed rebrand): Hosts suggest 60 Minutes should rebrand to '60 Seconds' for short-form content aligned with tiny attention economy; joke about '6 seconds by 60 Minutes' as ultimate evolution
  • Scott Pelley insurrection: Veteran 60 Minutes correspondent publicly confronted new EP Nick Bilton in all-hands, called him unqualified, then gave New York Times interview throwing leadership under bus; fired for insubordination, triggering broader CBS News turmoil

Operator Notes / Why Ken Should Care

  • Apple's App Store policy blocking self-modifying apps is a critical constraint for agentic coding tools; Ken's portfolio companies building on iOS must route around this (Mac-only, web-based) or accept exclusion from mobile-native workflows—BitRig's pivot shows even YC-backed startups can't overcome this
  • Foundation model IPO race (OpenAI, Anthropic, SpaceX) is a narrative battle as much as a technical one; Ken should track which narrative (inspiration, fear, scale) attracts capital and whether commoditization risk (models converging, compute costs dropping) forces differentiation beyond compute scale
  • Tiny attention economy has major GTM implications: if users can only allocate 'one thought per day' per brand, product complexity and multi-surface strategies lose to single-function clarity; AI tools promising productivity may add decision fatigue rather than time savings
  • Middle East sovereign wealth funds are major liquidity for mega-IPOs (SpaceX $300B demand); Ken should note GCC strategic priorities (defense, space, AI) align with these companies, creating non-US capital pathways independent of SoftBank/traditional VC
  • SoftBank struggling to raise $30B for OpenAI (Bloomberg) shows even 'promised' capital is unreliable; Ken's diligence should discount headline commitments vs. actual closes, especially from SoftBank/Masa given track record
  • Legacy media transformation (60 Minutes/CBS) fails when digital outsiders lack institutional buy-in and legacy talent has zero digital strategy (1,900 Instagram followers, no owned website); Ken's media/content investments need both vision and cultural bridge, not just 'disruptor' hires
  • Apple's distillation of Google Gemini makes Apple fast-follower rather than platform leader; Ken should consider whether Apple's 'refine and deliver consumer experience' strategy wins consumer AI but cedes developer platform advantage to Microsoft/GitHub Copilot, Google Gemini, OpenAI
  • WWDC ignored 'everyone is a developer' trend (Cursor, Claude, Cody generating apps) possibly to protect App Store economics; Ken should track whether Apple's walled garden strategy accelerates or decelerates in agentic era—constraining self-modification may force developers to web/cross-platform
  • Anthropic's fear narrative may be genuine belief (Dario) or competitive wedge to wound OpenAI (per some observers); either way, it's a coherent meme that OpenAI can't reclaim without alienating consumer partners—Ken should consider whether doom messaging limits Anthropic's enterprise upside or enhances it (safety = selling point for regulated industries)
  • Two-phone lifestyle shows consumers solving attention fragmentation via hardware partitioning, not software (screen time limits failed); opportunity for form-factor innovation (e.g., AI-native devices that enforce single-function contexts) rather than app-layer solutions

Watch Map

  • 00:00: Intro: WWDC recap, BitRig context, Apple ecosystem constraints on self-modifying apps
  • 03:12: New Siri demo details, Gemini distillation, Apple Foundation models, missing developer content at WWDC
  • 08:45: SpaceX IPO demand ($300B, 4x oversubscribed, Middle East), OpenAI confidential filing caveats
  • 10:23: OpenAI narrative fragmentation: can't own fear (Anthropic) or consumer ubiquity, defaults to 'biggest computer'
  • 13:50: SoftBank struggling to raise $30B for OpenAI, Masa's funding reliability doubts
  • 15:30: Narrative differentiation: SpaceX inspiration vs. Anthropic fear vs. OpenAI scale ('look at my huge cock' joke)
  • 17:30: Tiny attention economy concept introduced, AI exhaustion, two-phone lifestyle as consumer hack
  • 20:45: Dave Morin two-phone Vanity Fair story from 2013-2014, vindication via NYT article on Gen Z trend
  • 23:45: 60 Minutes / CBS News crisis: Nick Bilton hire, Scott Pelley insurrection and firing, legacy media transformation failure
  • 30:10: 60 Minutes digital strategy vacuum (redirects to CBS News, grocery ads, 1,900 Instagram followers)
  • 35:20: Hosts propose '60 Seconds' rebrand, debate Bilton's prospects, note Paramount acquiring CNN
  • 40:00: Taylor Swift Toy Story 5 promotion ($500M earned media on $200M budget), wedding speculation (Madison Square Garden, 1,100 guests)
  • 43:00: Closing banter: Anthropic 'mythos' model, Claude tone parody, outro

Source/Metadata

  • Title: Apple's New Siri, SpaceX's $300B IPO & the AI Company Killing Its Own Brand
  • Transcript words: 9974
  • Duration seconds: 2652
  • Timestamp note: Timestamps synthesized from transcript structure and context cues; specific HH:MM:SS not present in source but inferred from flow and ~2652 second duration

Transcript

8003 words en Processed in 584.2s

OpenAI saying the IPOs expected within the next year is very vague to me. This might potentially be bad for the Apple ecosystem if the coding apps aren't supporting it. The stock's down 7% since Monday, so I don't think people were super psyched. Well, I think that if you're anyone other than OpenAI and Anthropic, you are now an arms dealer. BaseX and OpenAI were embroiled in a fierce legal battle two months ago. It's Forex oversubscribed. There's almost $300 billion in demand, including... A lot of the Middle East. I guess this is good. YouTube, everyone subscribes to it except for 100-year-olds. Disney spent $200 million on this movie. They've probably gotten half a billion dollars of earned media through Taylor Swift. More or less. Why hello, friends! Welcome to More or Less. How is it going, Morins? Got the full quad here. We are two days out from WWDC and three days out from a hospital with our son breaking his arm. So things are going well this week. [SPEAKER_01] And somehow I find myself in Y Combinator's Mountain View office. Why... Now that is the most interesting thing someone has said to me today. [SPEAKER_03] Why would one visit Y Combinator these days, Dave? [SPEAKER_00] There is a BitRig hackathon going on here today. And WWDC is going on this week. So we are big investors in BitRig, which is the best agentic coding app for the Apple ecosystem. [SPEAKER_03] And so we've got a massive hackathon going on here at the original Y Combinator office, in honor of WWDC. [SPEAKER_03] Was BitRig's latest update approved by the App Store? [SPEAKER_03] No, actually. They are no longer focused on the iPhone because Apple will not allow you to create an iPhone app that modifies itself after being downloaded, which makes sense, actually. But it's shifted the entire strategy of not just this company, but every company that works in Apple's ecosystem. It makes sense to the point that obviously Apple is security minded and you don't want apps that would maliciously switch up what they're doing. But it seems like this might potentially be bad for the Apple ecosystem if the coding apps aren't supporting it. Yeah, I mean, I do think that the iPhone is 20 years old now and you still can't create an iPhone app with the iPhone, which is strange when you think about it. [SPEAKER_00] I do hope that they get there. But as of now, you still have to use a Mac to create iPhone apps. [SPEAKER_03] And BitRig is one of the better ways to do it. There's a lot of other ways to do it, too. But we'll see where that goes. Obviously, nothing changed for WWDC or anything on this front this week. But we'll see where this week goes. Assuming you're in the pole position for Apple's annual developer conference, what were your takeaways? And more importantly, do I have to give Siri another try because I've been burned so many times? I'm wounded. [SPEAKER_00] I think you and everybody have been pretty wounded. I think that our good friend Josh Elman has been down there working on this new version of Siri. And it looks pretty good. [SPEAKER_02] You know, I think that you look at this version, you kind of have to nod your head and say, yep, that's exactly what Siri should have been doing all along. I think they've created what an inside baseball we would call a harness. I learned about those three weeks ago in this pod. So I'm fully briefed. They've created a nice interface where you can push the Siri button on your phone and ask Siri about anything that is going on on the screen. So if you're looking at an Instagram post or something, you can ask, where is this place? You can ask all kinds of questions about anything that's going on inside of your phone and any app. [SPEAKER_03] They've also got the ability to go out and query the Internet. These are all things that we expect in the inside baseball universe of the ecosystem. But Apple's now made it a primary interface by which you can interact with your phone and your computer. And so I think most of the reactions are pretty dead on that this is what they should have been doing all along. And this is also classic Apple to sit back and watch what the best use cases are and then deliver one of the better, if not the best consumer experience. And I would expect that a lot of people switch to using this or that it's their first experience with advanced AI in their everyday life, because a lot of people, I think, use Siri for small tasks, but not complex ones. And I would say that the actual big question is, can Apple transition people from turning on and off their lights to much more complex advanced queries? I think the jury is still out on that. We'll see. So it's also classic Apple to be doing this with Google technology. The partnership that undergirds this isn't necessarily bad. This could be smart, right? [SPEAKER_00] But the partnership that now undergirds this is the distillation of Gemini. How strategic is that in the AI? Does it matter? Is it just that Google's an arms dealer here? Or is this somehow good for Gemini? I guess what data they get back matters, right? [SPEAKER_00] Well, I think that if you're anyone other than OpenAI and Anthropic, you are now an arms dealer in the AI race, right? You're either selling access or you're renting access to your giant H100, H200 clusters, right? Or you are giving people access to the models that you've trained and allowing them to distill them, do things with them. And so if you're Apple and you're looking around wondering who you should do this with, Google's as good a choice as any. Google's an extremely trusted brand. Apple's got a deep collaboration history with them. And what it looks like they've done here is just taken state-of-the-art Gemini models, both the on-device local flavor as well as the cloud flavors and distilled them for their own purposes into these Apple Foundation models, which they're now running locally and on-prem in their cloud to deliver their private compute idea. So I think it's as good as any, but yeah, arms dealers they are. Sam, what's your cynical take? Oh, Brett, yours too. But I feel like Sam has some combining his cynicism for AI and Apple that's got to come together in a clever way. I'll give you a second to think about this, Sam. And what it looks like they've done here is just taken state of the art Gemini models, both the on-device local flavor as well as the cloud flavors and distilled them for their own purposes into these Apple Foundation models, which they're now running locally and on-prem in their cloud to deliver their private compute idea. So I think it's as good as often any, but yeah, I mean, arms dealer they are. Sam, what's your cynical take? Oh, Brett, yours too. [SPEAKER_03] But I feel like Sam has some combining his cynicism for AI and Apple has got to come together in a clever way. [SPEAKER_03] I'll give you a second to think about this, Sam. You look like you're online shopping, so I'll go to Brett. [SPEAKER_00] Yeah, I'm shopping. [SPEAKER_00] Go to Brett. [SPEAKER_00] Okay. [SPEAKER_00] Well, I was going to ask you, Dave, what were the developer announcements at this developer conference? [SPEAKER_02] That Apple had, because I heard about Siri and I heard about some screen time optimizations, which felt good, but personally weren't as well optimized as I would want them to be. [SPEAKER_02] And then I don't know much else that they were announcing there that developers could leave with and go build something on top of. I guess there's some new iOS UI stuff happening. [SPEAKER_01] I don't know. [SPEAKER_01] Liquid Glass had a moment. [SPEAKER_01] Yeah, it's interesting. [SPEAKER_01] I would say I had two really distinct thoughts that happened while I was sitting there in the audience. [SPEAKER_01] And the first was that the keynote had almost no mention of anything developer related, which I found shocking and strange. [SPEAKER_01] Now, I get it. Apple is an enormous consumer company. Every time that they do a keynote, all eyes are on Apple. People want to know what's happening with their iPhone, etc. But this is also a developer conference that is supposed to be about nerding out on the next set of technologies that developers can build their apps on top of. And so that there were almost no mention of the actual developer technologies until the very end. And we're talking minutes of a very long keynote. [SPEAKER_03] I found to be a strange experience. [SPEAKER_03] And so that was number one. [SPEAKER_03] The second thing that I found interesting was as I was sitting there and participating in the rest of the ecosystem and the conversations that we've all been having about what's going on with AI and the agentic engineering world and the ability— [SPEAKER_03] You know, Sam's talked about this that if you have your open claw or your clawed code set up properly, you can just generate any app that you want on your phone these days. [SPEAKER_03] And I found that to be a really interesting thing to be thinking about while I was watching Apple talk about the new features for screen time or the new features that they're adding to their various apps. [SPEAKER_03] Because it used to be that when you saw these things, you were excited, oh, I'm looking forward to trying that. [SPEAKER_03] Now I found myself thinking, well, if I don't like it, I can just generate my own version of something. [SPEAKER_03] And that's, I think to your earlier question, Jess, there's a massive inbound wave of new applications and new apps being generated by people. [SPEAKER_03] And almost none of that aspect of what's going on in that developer ecosystem was addressed. [SPEAKER_03] And I found that to be a strange out of body experience as if it was being ignored. [SPEAKER_03] Isn't every conference a developer conference? Brett, I think your point's even more salient because either it is or it isn't. That's Dave's point. [SPEAKER_00] GTC, NVIDIA was all very developer. [SPEAKER_00] I mean, this is literally the worldwide developer conference. [SPEAKER_00] Yeah. [SPEAKER_00] So I mean, this is. [SPEAKER_00] Yeah. I also think it had a baton passing. [SPEAKER_00] This was Cook passing the baton to Ternus, even though we're still in a transition period. How much was that front and center? Sort of. But Ternus didn't speak. Well, that's weird. Yeah. [SPEAKER_03] I mean, he was very present. [SPEAKER_03] You know, I was backstage beforehand. [SPEAKER_00] He was there. [SPEAKER_03] I said hello. [SPEAKER_03] You know, he was around, but omnipresent. [SPEAKER_03] But he didn't speak. [SPEAKER_03] He wasn't part of the videos, etc. [SPEAKER_03] So there wasn't really a baton pass happening here. [SPEAKER_03] It was almost a we're not going to talk about it thing. [SPEAKER_03] Which, you know, I don't know. That's a missed opportunity. Missed opportunity. I think so, too. I feel like Tim needs to have him on stage. [SPEAKER_00] He spoke at the last WWDC. [SPEAKER_01] He's been on stage at WWDC. [SPEAKER_01] But there was no hardware announcement and he's the hardware guy. [SPEAKER_01] So is that why? [SPEAKER_01] Well, now he's the everything guy. [SPEAKER_01] Yeah, I don't know, Jess. [SPEAKER_01] I'd have to go back and look at last year's WWDC. [SPEAKER_01] But I'm not actually sure if he spoke. It's usually Craig Federighi that's the star of the show at WWDC. So. And his hair. Those two things. Yeah. [SPEAKER_00] The hair, the dad jokes, you know. [SPEAKER_00] The F1 videos. [SPEAKER_00] Okay. I'm glad we didn't have a ton of that. [SPEAKER_03] Yeah, I'm not sure. You know, there was no John. Okay, Sam, I've given you time to think of your take. What is it? [SPEAKER_03] I've bought so many things. I don't know. I was only half listening. [SPEAKER_00] But I like the Dave thing of we've argued before about is everyone a developer or is no one a developer? [SPEAKER_03] So that probably has some relevance to your conversation about WWDC and who it's for. [SPEAKER_02] I've been in no one's a developer. [SPEAKER_02] Dave's in everyone's a developer. [SPEAKER_02] Yeah. [SPEAKER_02] It's the same thing either way. [SPEAKER_02] That's what I said. [SPEAKER_02] It's either a full developer conference or it's not for every new tech conference that exists. [SPEAKER_02] Yeah. [SPEAKER_01] But none of this was focused on, hey, everyone, you can now develop using these powerful new engineering tools. [SPEAKER_01] Right. That was not the message. no one a developer? [SPEAKER_02] So that probably has some relevance to your conversation about WWDC and who it's for. [SPEAKER_02] I've been in no one's a developer. [SPEAKER_02] Dave's in everyone's a developer. [SPEAKER_02] Yeah. [SPEAKER_02] It's the same thing either way. [SPEAKER_02] That's what I said. [SPEAKER_02] It's either a full developer conference or it's not for every new tech conference that exists. [SPEAKER_02] Yeah. But none of this was focused on, hey, everyone, you can now develop using these powerful new engineering tools. Right. [SPEAKER_03] That was not the message. [SPEAKER_03] Which is the top theme in the technology industry. [SPEAKER_03] Right. [SPEAKER_03] Apple, you got to hand it to them. In a world of narrative building, they're going to stick to theirs and not jump onto the narrative of the moment. [SPEAKER_00] Again, may prove prussian, but also it's definitely not going to win the hearts and minds of the technical early adopters who are enthralled with these technologies right now. [SPEAKER_00] Yeah. [SPEAKER_00] And I guess that's what I want from WWDC. [SPEAKER_00] Right. [SPEAKER_00] I want super inside baseball. We're talking about actual technology that I can use as a developer to make my business, my app, my whatever. Right. [SPEAKER_03] And debate whether or not consumers are developers or developers are developers anymore. Debate that all you want. This is still supposed to be a developer conference where you're talking about the cool new nerdy technologies that you can go build things on top of. [SPEAKER_03] Right. [SPEAKER_03] And so I found it strange that there was almost no mention of this. It's been a long time since that's what it was, though. Right. [SPEAKER_03] It's just a big marketing event. [SPEAKER_03] I'm not—that's not critical. [SPEAKER_02] I'm just saying it used to be at least some modicum of API announcements. [SPEAKER_02] But yes. [SPEAKER_02] OK, so that's a good vibe check on WWDC. I like that. When can I try this new Siri? Because if I get another—I'm sorry, Taylor Swift is not available when I ask for directions to McDonald's, I'm going to give up. It's always the fall. WWDC is generally where Apple gives everybody access to the new tools and then they have a quarter or so or until September generally to ship them. And then that's when they launch the new iOS along with the new iPhones every year. So September. [SPEAKER_03] And the new thing there is the folding phone. [SPEAKER_03] Right? [SPEAKER_03] Isn't that going to be the big thing? [SPEAKER_03] That's the hype. [SPEAKER_00] But also, guys, the stock's down seven percent since Monday. So I don't think people were super psyched about it. [SPEAKER_00] Yeah, but stock only goes up if you say a thing about AI. So that's how it goes. [SPEAKER_01] Or iPhone sales. I feel Apple's stock goes up when you're like we sold more phones in China, which maybe is also the problem. [SPEAKER_03] Switching gears. [SPEAKER_00] As far as we are by the time people listen to this, SpaceX will be a public company. How are we feeling? What's our vibe check, Sam? [SPEAKER_00] I think we've beaten the dead horse on this one. I think the number will initially go up and we'll see. It's oversubscribed. There's almost 300 billion in demand, including a lot from the Middle East. [SPEAKER_02] This is so typical. I mean, it's the same thing as VCs being like the rounds oversubscribed. It's everything's always oversubscribed. [SPEAKER_01] And then OpenAI filing saying it's expected the IPO is expected within the next year is very vague to me. Do you have any more intel on that? [SPEAKER_02] I'm going to hand it to OpenAI, right? So they filed there. [SPEAKER_01] Both Anthropica and OpenAI announced themselves that they had filed confidentially, smart because all those pesky reporters are all over them all the time. [SPEAKER_00] And then OpenAI then proceeds to explain all the reasons it might not go public. Well, actually, I don't know within the press release what versus my sources say. But a combination of my sources and the press release is like, well, you know, we might want the development of the models might change the trajectory. Or we might want flexibility to change our token economics to gain market share. Or we might want to do another unusual deal like the one the information just reported this week where they're doing a data center but NVIDIA is involved in potentially leasing the chips. We don't know. [SPEAKER_00] I think all of that is smoke and mirrors. And I think they're probably on a very conventional IPO time frame, putting them at October-ish alongside Anthropic. But I guess there's no harm in buying yourself some flexibility. It's just very funny. I mean, companies don't usually announce that they filed confidentially. You do that. And then you tell us all the reasons why you might not do it. But the objections on the timing are all interesting about some of the loss of flexibility they might have as a public company. But at the end of the day, they'll need it. I don't know. Have you guys been following that SoftBank is struggling to raise the money it promised OpenAI? Oh, God. No. Is anyone surprised at all? Bloomberg's done a great series of stories on this. [SPEAKER_03] How much money was it again? Like a crejillion dollars that they were going to put into this? I want to say it's around 30 billion. [SPEAKER_03] Oh, I thought it was more. I thought it was 50. But there were multiple things. It's a significant amount of money and SoftBank, which has already exited a lot of its positions. [SPEAKER_01] So I don't know. Masa eventually finds a way, maybe busts in the middle. But I sure hope OpenAI has its other investors. [SPEAKER_00] Isn't that the story here, Jess? Which is that all three of these companies are jockeying with whatever configuration that they are configuring their IPO into in order to get people to allocate and find the way to [SPEAKER_00] I want to say it's around 30 billion. Oh, I thought it was more. [SPEAKER_00] I thought it was 50. [SPEAKER_00] But there was multiple things. [SPEAKER_00] It's a significant amount of money in SoftBank, which has already exited a lot of its positions. [SPEAKER_01] So I don't know. [SPEAKER_01] Masa eventually finds a way, maybe busts in the middle. [SPEAKER_00] But I sure hope OpenAI has its other investors. [SPEAKER_00] Isn't that the story here, Jess? [SPEAKER_00] Which is that all three of these companies are jockeying with whatever configuration that they are configuring their IPO into in order to get people to allocate and find the way to raise the capital to get involved in these things, right? That's what's going on behind the scenes. [SPEAKER_03] You mean privately or publicly? [SPEAKER_03] Both. [SPEAKER_03] It's people are having to move around their capital allocations to try to figure out how to participate in these things. [SPEAKER_00] Well, I think there's a little bit of... [SPEAKER_03] Josh Ellman's calling me. [SPEAKER_03] Wait, does he want to weigh in on the developer conference? [SPEAKER_03] Is it a developer conference still? I don't want to do it to him right now because I have business with the man. [SPEAKER_03] That's the last thing he wants to do. But this is how Silicon Valley works, people. You think of someone and then they call your business partner or your podcast co-host. [SPEAKER_02] It's more than that. [SPEAKER_00] I think these companies are so competitive. [SPEAKER_00] And remember, SpaceX and OpenAI were embroiled in a fierce legal battle two months ago. [SPEAKER_00] And so if you can take a headline or two away from them or... [SPEAKER_00] But look, I don't think any investor is going to see that the S1 for OpenAI has been filed and then be less aggressive in their near-term SpaceX position. [SPEAKER_00] So... Well, you know what? I think it's interesting to observe the extremely high-level narratives at play here. I love a high-level narrative. Which is that SpaceX is out there being like, look at how inspiring we are. [SPEAKER_03] They put out all this unbelievable media, right? [SPEAKER_03] Media thing after media thing. [SPEAKER_00] All these amazing technology, Mars, moon, you know, just painting this extraordinary technology narrative trying to inspire people, right? [SPEAKER_02] That's the SpaceX narrative. [SPEAKER_03] And then Anthropic, on the other hand, is putting out further doom every week, right? [SPEAKER_03] Like this week it was, this thing is so dangerous that we're going to publish an essay and we're going to release it to the public so kneecapped that it can't do anything for you of any meaningful level of intelligence. [SPEAKER_03] And it's that dangerous, right? [SPEAKER_03] So it's this super fear-based message. [SPEAKER_03] And then OpenAI has this, to your point, Jess, it's like, we're not sure. [SPEAKER_03] We think we're going to do this. [SPEAKER_03] We might do that. [SPEAKER_03] Oh, they're sure. [SPEAKER_03] They just want to mess with us, I think. [SPEAKER_03] I think they're sure. [SPEAKER_03] But what's their message? [SPEAKER_00] Well, Anthropic stole the fear message from them. [SPEAKER_00] Anthropic outfeared them, which was originally OpenAI's strategy. Their message is just build. [SPEAKER_02] Speaking of developers, I actually the new ads. [SPEAKER_02] Is it? [SPEAKER_02] I've been watching sports, you know, basketball, and they have some good ads. I do think that OpenAI has been narratively cornered. I think it's interesting to talk about, Sam. That's what I'm saying—I don't actually know what it is. No, I agree with you. [SPEAKER_02] I think SpaceX, literally they're just full of pictures, right? [SPEAKER_03] It's the most ridiculous. [SPEAKER_03] Rockets! [SPEAKER_02] It's the most... [SPEAKER_02] My work. [SPEAKER_02] I think it's so interesting to look at this through the lens of tiny attention. [SPEAKER_03] There's so little attention. [SPEAKER_03] What do I know of these things? [SPEAKER_03] It's SpaceX inspiring. [SPEAKER_03] Anthropic scary. [SPEAKER_03] OpenAI. [SPEAKER_03] Anthropic did a good job of taking the scare meme, which again, you know, I think it was a huge mistake, but it was how Sam Altman raised the original money with scare money, right? [SPEAKER_03] In several generations. [SPEAKER_02] But then I think the problem that OpenAI created for themselves is they went so broad and have so many partners that they lost their ability to be pure scare narrative because they have all these other, including consumer relationships, where the fear thing is to their negative. [SPEAKER_02] So you can't sell scare and then also get consumers to use ChatGPT. [SPEAKER_02] You can't sell scare. [SPEAKER_02] Anthropic is all in scare, right? [SPEAKER_02] And so I think that's the problem with conglomerates, right? [SPEAKER_02] Or when you go too broad is you lose narrative purity. [SPEAKER_02] Yeah, I guess that's what my feeling is, OpenAI is portfolio. [SPEAKER_02] You know, it's. [SPEAKER_02] Well, they used to be AI. [SPEAKER_02] Portfolio of good AI stuff, I guess. They were the Kleenex of AI. [SPEAKER_03] And then. [SPEAKER_00] But they lost that immediately. [SPEAKER_03] Well, they lost it. And then that also became unpopular in some forms, maybe because of Anthropic's fear mongering. I mean, there are people, OpenAI adjacent, who believe Dario has been fear mongering to wound the category leader being them. [SPEAKER_00] I don't know. [SPEAKER_00] I think fear mongering is more in his blood. But I think he believes it. I don't think... I think he believes it. Interesting. I also think people love to think that other people are thinking about them. [SPEAKER_00] It turns out that's the case. [SPEAKER_02] Dave, I'm fixated on something. [SPEAKER_02] You said tiny attention. [SPEAKER_02] Is this a new term, the tiny attention economy or what you referred to it as an entity? [SPEAKER_00] It's something that I've been thinking about, even though we're all talking about how amazing this technology is, how wonderful, you know, depends on who you are. Some people, AI, wonderful. [SPEAKER_00] Some people, AI, very scary. [SPEAKER_00] I think he believes it. [SPEAKER_00] Interesting. I also think people love to think that other people are thinking about them. [SPEAKER_00] It turns out that's the case. [SPEAKER_02] Dave, I'm fixated on something. [SPEAKER_02] You said tiny attention. Is this a new term, the tiny attention economy or what you referred to it as? An entity? It's something that I've been thinking about, even though we're all talking about how amazing this technology is, how wonderful, it depends on who you are. Some people, AI, wonderful. Some people, AI, very scary. [SPEAKER_03] Doesn't matter. [SPEAKER_03] A lot of people are using this stuff. [SPEAKER_03] People keep talking about this question of, are we going to work more, work less? [SPEAKER_03] I don't really know, but here's the one thing that I do know. [SPEAKER_03] The amount of human attention that is available in a given day is fixed. [SPEAKER_03] And the amount of tools that are trying to get that attention now are massively increasing at an exponential rate. And so the amount of attention that people have to pay attention to your new product or service or whatever is increasingly more tiny. And so I just keep thinking of it that way, that it's tiny attention now. [SPEAKER_03] And you're lucky if you can get one thought from people in a given day. Everyone I know is saying, I'm so exhausted. [SPEAKER_03] I can't keep up with everything. Every day I wake up and I have to think about another this, another that. And it's just crazy. AI has made it even worse. Right. It's the AI plus social media thing that's insane because the amount of attention hasn't expanded. But guys, guess what's happening according to the New York Times. Is there a bot to save our attention? Well, there is a strategy and the strategy that all the kids are starting to use. Dave, get ready for it. [SPEAKER_01] The two phone lifestyle. [SPEAKER_01] You've got your, this is a thing now. [SPEAKER_01] This is a deep cut. [SPEAKER_01] The New York Times reported it. [SPEAKER_01] Deep cut. [SPEAKER_01] Okay. [SPEAKER_01] So you have your work and productivity phone. And then you have your chill, relaxed phone for not being stressed out. [SPEAKER_01] You're saying your day phone and your night phone. [SPEAKER_01] And I'm bringing this up for those who don't know. [SPEAKER_01] Dave, what year was it? [SPEAKER_01] I don't know. [SPEAKER_03] 2014 or something. [SPEAKER_01] More than a decade ago. [SPEAKER_01] More than a decade ago. [SPEAKER_01] It just proves I continue to live in the future. [SPEAKER_01] Dave ahead of his time as the seed investor that he is. [SPEAKER_01] Being interviewed by Vanity Fair in 2013, 2014. [SPEAKER_00] No, guys, this is traumatic. [SPEAKER_03] Dave, we're going to help exorcise this. [SPEAKER_01] We're licking the cookie, Dave, because you're right. [SPEAKER_01] You were just early. [SPEAKER_03] Was it being interviewed about his leadership style and so on. [SPEAKER_01] And then he mentioned that he has two phones, a work phone and a personal phone, which by the way, is not that abnormal. [SPEAKER_01] A lot of people do this. [SPEAKER_01] Remember when people had Blackberries and then their other phone? [SPEAKER_01] Anyway, it blew up the internet. [SPEAKER_01] Everyone freaked out. [SPEAKER_01] Oh my God. [SPEAKER_01] Dave Morin has two phones and they slammed him and he didn't live it down. [SPEAKER_01] This was a thing for years. [SPEAKER_01] So this is the ultimate redemption. [SPEAKER_01] I'm very happy for you, Dave, that the New York Times has now made this pop culture mainstream. [SPEAKER_01] But I don't have two phones anymore. [SPEAKER_01] Does this mean I have to go back to having two phones? [SPEAKER_01] I think you should. [SPEAKER_01] No, you need three phones. [SPEAKER_03] And life phones. [SPEAKER_03] I actually have three phones. [SPEAKER_01] Also, guys, to give Dave credit, this came out of a question about his remaining battery percent, which at the time was 18. [SPEAKER_01] And he said, I have two phones, one for day and one for night. [SPEAKER_00] When the day phone runs out, the night phone takes over. [SPEAKER_00] So you also just needed a battery pack. [SPEAKER_00] I didn't even write that. [SPEAKER_00] The PR firm did. [SPEAKER_00] Well, that's deep. [SPEAKER_00] Why did you let you all know? You wrote this. [SPEAKER_03] You said the background on your phone was the Tetons because the mountains are my soul. [SPEAKER_00] You wrote that. That was not a PR firm. You guys are sitting next to the Tetons right now. [SPEAKER_00] They are our soul. They are amazing. [SPEAKER_03] Let's in a later episode go back and look at all our bad press collectively. No, I think we were just ahead of our time, Jess. I think that's the reframe here. That was particularly bad. Always ahead. Okay, I like it. Sam, I think you bring up an excellent point about OpenAI's narrative. [SPEAKER_00] Do you have advice on what narrative they should seek to occupy? [SPEAKER_00] Just give up. [SPEAKER_00] You know. Oh my God. Sam's probably encountered a new fitness toy optimized for altitude, and he's deep in buying it. [SPEAKER_02] Is their narrative big computer? [SPEAKER_02] Biggest computer? That seems to be the emergent narrative. [SPEAKER_00] Yeah, pretty much. All the infra in the world. We have the biggest computer, right? But they do that? [SPEAKER_00] Yeah, they do. [SPEAKER_00] They kind of do, yeah. Yeah. If their investors can pay their bills. All of it, it's very simple. [SPEAKER_00] It's the oldest brand in the book. [SPEAKER_00] It's just, their branding is just size matters. [SPEAKER_00] Look at my huge cock. [SPEAKER_02] That's what she said. [SPEAKER_02] We solved it. [SPEAKER_02] This is great. [SPEAKER_02] They should just go, look at my huge cock. [SPEAKER_02] That's going to be their branding. [SPEAKER_02] Oh my God. [SPEAKER_02] Because it's a pissing match. [SPEAKER_02] And that's why you subscribe to more or less, everyone. Yeah. If their investors can pay their bills. All the, it's very simple. [SPEAKER_00] It's the oldest brand in the book. [SPEAKER_00] It's just, their branding is just size matters. [SPEAKER_00] Look at my huge cock. [SPEAKER_02] That's what she said. [SPEAKER_02] We solved it. [SPEAKER_02] This is great. [SPEAKER_02] They should just go, look at my huge cock. [SPEAKER_02] That's going to be their branding. [SPEAKER_02] Oh, my God. [SPEAKER_02] Because it's a pissing match. [SPEAKER_02] And that's why you subscribe to more or less, everyone. [SPEAKER_02] That would work, by the way. That would work. [SPEAKER_02] I think you're right. If Sam Allen was just like, look at my huge cock. [SPEAKER_02] That would be probably the best branding they could go for. [SPEAKER_02] And Elon would respect that. [SPEAKER_02] Okay. [SPEAKER_02] This is what I get for calling on Sam when he's a quarter paying attention. [SPEAKER_02] This is on me, folks. [SPEAKER_02] I take responsibility. [SPEAKER_00] Do you guys want to talk about 60 Minutes? [SPEAKER_00] What? [SPEAKER_00] I don't, sure. [SPEAKER_00] But you're going to have to give context. [SPEAKER_00] I'm going to give a little bit of context. [SPEAKER_03] Media Corner. [SPEAKER_03] Quick Media Corner. [SPEAKER_03] Is it even a show anymore? [SPEAKER_00] Do people watch it? [SPEAKER_00] No, Dave. [SPEAKER_00] Five people watch it by accident that are 80. [SPEAKER_03] 80-year-old grandmothers watch it. [SPEAKER_02] Okay. [SPEAKER_02] But they're really self-important. [SPEAKER_02] And Jessica Lesson. Really self-important. Sam, boomers are all self-important. [SPEAKER_02] To my colleagues in the news business, any words that come out of my co-host's mouth, I do not take responsibility for it or my point of view on the news business. Jess, this is a fair question. How many people watch 60 Minutes? [SPEAKER_00] 9% more than last year. [SPEAKER_00] Dave just said no one has any attention. [SPEAKER_03] No one has 60 Minutes for old people TV. [SPEAKER_03] It's now 0.6 minutes. They should rebrand it 60 Seconds. [SPEAKER_02] 60 Seconds. [SPEAKER_02] I like it. [SPEAKER_01] 60 Seconds? [SPEAKER_02] Maybe I watched 60 Seconds. [SPEAKER_01] Hosted by Barbara Walters. [SPEAKER_01] I have something to say on this, which I think is really interesting. [SPEAKER_02] I love this guy that does subway takes in New York. [SPEAKER_02] I saw him talking about why he did it the way that he did it. [SPEAKER_01] And his whole thing was that nobody should do long form content. [SPEAKER_03] They should just make the shorts and make everything about the shorts. [SPEAKER_03] Well, they think, Sam, you were ahead on this. [SPEAKER_03] And so people need to make one minute, not 60 Minutes. That's what everyone's doing, though. [SPEAKER_03] I actually think I'm long 60 Minutes. [SPEAKER_03] This dovetails with Open AI's new branding. [SPEAKER_03] Look at the size of my cock. [SPEAKER_01] Six seconds. [SPEAKER_01] By the way, I just looked it up. [SPEAKER_02] 9.1 million viewers. [SPEAKER_02] There are 9.1 million people spending 60 Minutes with 60 Minutes. [SPEAKER_02] So I think you're redeemed, Jess. [SPEAKER_01] All right, Jess. [SPEAKER_01] Give us the rundown on what's going on. [SPEAKER_01] I think they're half asleep because they're 80, but that's fine. [SPEAKER_01] Are we done? [SPEAKER_03] Do you guys want to hear what's going on? [SPEAKER_03] Honestly, probably not, but go for it. [SPEAKER_01] We can skip it. [SPEAKER_01] We'll move on. [SPEAKER_01] We'll move on. [SPEAKER_02] No, I'm curious. What's the drama? The drama is that 60 Minutes is under new leadership under CBS with Barry Weiss, who hired Nick Bilton. [SPEAKER_00] You guys all know him as a one-time tech columnist for The New York Times, who then went into documentary films. [SPEAKER_00] I'm pretty sure that guy wrote mean stuff about me at one point. Wasn't he a Valley Wag? Yeah, then probably he did. No, that was a different Nick. [SPEAKER_02] But same generation. [SPEAKER_00] Same generation. So anyway— [SPEAKER_00] Didn't he also write for Vanity Fair? [SPEAKER_00] Yeah, and he had a podcast. [SPEAKER_00] We're talking about the same guy. [SPEAKER_00] Same guy. [SPEAKER_03] Okay. [SPEAKER_00] Okay. [SPEAKER_00] I know who Nick Bilton is. [SPEAKER_00] You know him. [SPEAKER_03] That's why I thought you guys might want to care. [SPEAKER_00] Yeah, I didn't know. [SPEAKER_03] So wait, Nick Bilton is involved in 60 Minutes? [SPEAKER_00] He's running 60 Minutes, and— [SPEAKER_00] Oh, wow, that's cool. [SPEAKER_03] And the anchors of 60 Minutes are not thrilled about it. [SPEAKER_03] There was a big insurrection because he is not really qualified to run 60 Minutes. [SPEAKER_00] Why? [SPEAKER_03] He's been in the business forever. Is it just because he doesn't have video? He's not a TV guy, Dave. [SPEAKER_03] Dave, he has no television experience. [SPEAKER_03] He has no investigative news production experience. But he's always had a strong editorial point of view. [SPEAKER_00] I think this is a miscast, always saying I'm not— [SPEAKER_00] I am pro young people taking on big jobs. I'm just— [SPEAKER_03] He's not that young. He's older than us. [SPEAKER_00] He's older than us. [SPEAKER_00] Fair enough. [SPEAKER_00] He's not young. Okay. [SPEAKER_02] He's just not 100 years old. [SPEAKER_00] Okay, no one cares what I think about this. [SPEAKER_00] Yeah, he's in his 50s, right? [SPEAKER_00] Okay. [SPEAKER_02] Now think of— [SPEAKER_00] He's not in his 50s. [SPEAKER_03] I don't know. How old are we? [SPEAKER_00] Okay, maybe he's in his 50s. [SPEAKER_00] He's 49. But think of the worst insurrection you've witnessed or read about at a technology company. [SPEAKER_00] Say maybe Travis Kalanick or something like that. [SPEAKER_00] This was 100 times worse. [SPEAKER_02] Scott Pelley, who you would not know, but you would know. [SPEAKER_00] Okay, no one cares what I think about this. [SPEAKER_00] Yeah, he's in his 50s, right? [SPEAKER_00] Okay. Now think of the- [SPEAKER_00] He's not in his 50s. [SPEAKER_03] I don't know. [SPEAKER_00] How old are we? [SPEAKER_00] Okay, maybe he's in his 50s. [SPEAKER_00] He's 49. [SPEAKER_00] But think of the worst insurrection you've witnessed or read about at a technology company. Say maybe Travis Kalanick or something like that. This was 100 times worse. [SPEAKER_02] Scott Pelley, who you would not know, but you would know. [SPEAKER_00] A very esteemed 60 Minutes correspondent for decades. He's done hours in all hands. Just confronting him saying he was not qualified for this job that his boss had. Total insubordination. [SPEAKER_02] Is that the message of the times? [SPEAKER_00] Guys, we're talking about 60 Minutes. This Scott Pelley guy turns out to have better media savvy for the brand. Scott Pelley. [SPEAKER_02] Whatever his name is. Didn't like anyone. When would we normally be talking about 60 Minutes? So I actually think this is a huge win to have some old dude who's paid way too much money yelling about it, right? The old dude no longer has a job. So the old dude—even better, they don't have to pay him. Was fired for insubordination. [SPEAKER_00] Which honestly, you could agree with every word out of his mouth. I think it's very hard to keep someone who is so clearly hostile to the leadership at the network. That's good for you to establish that publicly, Jessica. [SPEAKER_00] Yeah, just one thing. This is straight out of the morning show. This is straight out of the morning show. [SPEAKER_02] You have to read the things he said. [SPEAKER_00] It was like he was reading the Jerry Maguire speech. [SPEAKER_02] Okay. [SPEAKER_00] So they don't know what to do with him. So they fire him. Probably not very effectively. Then it goes on and on and on. And now my entire news feed is either pictures of Serena Williams hitting the ball because yes, she is back at tennis, or hot takes on Barry's leadership of CBS. And is she going to run CNN? Is she not going to run CNN? I realize that only media people care about this. But 60 Minutes is a brand that matters in news that people care about. And I think it's sad what's happening. So I just went to his Instagram account and it's terrible. [SPEAKER_00] Who's? [SPEAKER_00] Scott Pelley's? [SPEAKER_00] Yeah, you'd expect him to get a lot of followers out of this at least. [SPEAKER_02] But I guess those people don't have Instagram accounts. I mean, isn't that the whole thing, Sam? That's what we're talking about. It's a cross-cultural battleground, right? Well, so what Scott Pelley did. [SPEAKER_03] TV microphone versus social media. [SPEAKER_03] Scott Pelley won. [SPEAKER_03] This is very confusing. I literally can't even find the Scott Pelley. [SPEAKER_02] Scott, you did some things right, but you did not update your Instagram account prior to your scorched earth removal. Do you think he's Scott Pelley won or just Scott Pelley? It's very confusing. [SPEAKER_02] I feel like he'd be verified. It's got to be Scott Pelley won. [SPEAKER_02] I think it might be. He has 30,000 followers. [SPEAKER_01] I think he's verified. [SPEAKER_02] Let's look. So maybe someone stole his Instagram account. He's still linking to CBS News instead of OnlyFans, where he should be. [SPEAKER_01] And then Scott Pelley won. Is Scott Pelley author? Very confusing. [SPEAKER_02] Okay. Well, what Scott did is he went old school. He went to the New York Times and gave this huge interview to try and throw Barry under the bus even more. Not a lot of flattering detail in his interview. Again, it's his point of view. And what he should have been doing is started a Patreon, Instagram up to OnlyFans. Yeah, I was going to tee that up. So it's the Conan O'Brien, right? Pull a Conan O'Brien. So I don't know. Scott Pelley YouTube. [SPEAKER_03] But the problem is I don't think any of those people. [SPEAKER_02] I mean, I guess this is good. [SPEAKER_00] YouTube—everyone subscribes to it except for 100 year olds. So this is a big growth area for YouTube to get him to do something for them. [SPEAKER_02] He could bring them dozens of new accounts. I think Netflix is going to play. Anyway, the other three correspondents. Have you guys heard of Leslie Stahl? This is a pop quiz. [SPEAKER_00] Yeah, of course. No. What do you mean, of course? [SPEAKER_00] Okay, she's still there. I know Leslie Stahl. [SPEAKER_01] What? [SPEAKER_01] Okay. [SPEAKER_00] How do you not know Leslie Stahl? [SPEAKER_03] She's one of the most famous 60 Minutes interviewers of all time. She's 84. [SPEAKER_01] Because she's 84, Dave. That's old. Guys, she's been doing this our entire lives. Look, it's obvious why this program needs to change. [SPEAKER_01] No one is sitting here being like, it doesn't need to change. [SPEAKER_00] Leslie Stahl official is validated on Instagram and has 1,900 followers. [SPEAKER_03] Oh, no. Leslie. Okay. [SPEAKER_02] Barry and Nick, we've outlined your next week plan. Get your correspondence Instagram followership. I mean, isn't that the... But Jess, for real though, isn't that the only route to growth for 60 Minutes? 60 Minutes is not going to grow beyond its 9 million. [SPEAKER_03] No, those people are dying real fast. [SPEAKER_03] Right. The only route to growth is through new media channels, right? I don't think there's strong growth ahead for 60 Minutes. I don't think that would be your core strategy. [SPEAKER_03] Oh, no. [SPEAKER_00] Leslie. Okay. [SPEAKER_02] Barry and Nick, we've outlined your next week plan. Get your correspondence Instagram followership. [SPEAKER_00] Isn't that the... [SPEAKER_00] But Jess, for real though, isn't that the only route to growth for 60 Minutes? 60 Minutes is not going to grow beyond its 9 million. No, those people are dying real fast. [SPEAKER_03] Right. [SPEAKER_03] The only route to growth is through new media channels, right? [SPEAKER_03] I don't think there's strong growth ahead for 60 Minutes. [SPEAKER_03] I don't think that would be your core strategy. It is a big brand out there in people's minds. [SPEAKER_03] You can turn it into a lot of different things, right? That's what Nick Bilton's doing. I think the answer is 60 seconds or even six seconds. [SPEAKER_03] If they said six seconds by 60 Minutes, I might watch that. [SPEAKER_03] I think 60 seconds. [SPEAKER_01] I didn't know this until today, but I'm optimistic on Nick Bilton with the 60 Minutes brand. Okay. [SPEAKER_02] I'm pessimistic. I'm a less on 60 Minutes. [SPEAKER_03] Guys, what's amazing is these guys are paid so much money for what they do. [SPEAKER_01] What does Nick Bilton make? [SPEAKER_01] It was all public. [SPEAKER_01] It's insane. I gave you guys the abridged version. You're welcome. But Nick's hiring followed the firing of an executive producer and people on her team. And Nick was paid roughly 80% more at $2.5 million a year than the prior EP. [SPEAKER_00] And this is also news going through cost cutting and all this stuff. [SPEAKER_00] That's higher than venture capital salaries. Yeah. There's no carry. [SPEAKER_00] It depends if you're good at your job. [SPEAKER_03] I don't know. [SPEAKER_03] I'm wishing, to be clear, I'm wishing everyone well. [SPEAKER_03] But I think there have been so many fouls and missteps. [SPEAKER_00] And it just sounds like a very messy situation. And bigger, it's harder to change a legacy brand. [SPEAKER_00] But you're some old dude. You don't a new thing. You've made your money. You're probably retiring soon anyway. [SPEAKER_02] You have 20,000 Instagram followers. [SPEAKER_02] You need to find, who cares? [SPEAKER_02] Of course you're going to do this. [SPEAKER_02] This is, no one's ever heard of this guy until this moment. [SPEAKER_02] Okay. [SPEAKER_02] A lot of people have heard of him. [SPEAKER_02] But I think you're right. [SPEAKER_02] I understand why he did what he did. [SPEAKER_02] I think it also, though, puts the show in turmoil, which probably doesn't help his colleagues and everything. Another fact. So, obviously, things have to change. The status quo is not going to grow the show. [SPEAKER_00] But the legacy folks say, well, it's growing 9%. [SPEAKER_00] So, it's doing okay. [SPEAKER_00] But its lead-in is the NFL, which is growing 11%. [SPEAKER_00] So, just some facts. [SPEAKER_00] Guys, look. [SPEAKER_00] I can just tell you for a fact that nothing is doing well when you go to their website, it redirects to cvsnews.com slash 60minutes. [SPEAKER_00] And there is a fly-out popover ad for a grocery store pinned to the bottom of the page. [SPEAKER_00] We're not talking about a primo. [SPEAKER_02] Because it's a media company, Sam. Look at the ad at the bottom. It's ridiculous. So, Sam, you're just going to get a job. [SPEAKER_01] Barry's going to call you as a digital strategist. [SPEAKER_02] I'm available. I'm a big fan of Barry's. [SPEAKER_00] I'm happy to come. [SPEAKER_00] Barry, you need some help. [SPEAKER_00] I don't even require $2.2 million a year. But I will not work for you full-time. But, you know. [SPEAKER_02] He'll be your intern. [SPEAKER_02] I'll zoom in for a few things. [SPEAKER_02] It'll be worth your time and money. Give me a ring. [SPEAKER_01] 60 Minutes on Paramount+. Oh, you didn't send news tips. Okay. [SPEAKER_02] Well, yeah. Give 60 Minutes a website. I think that should be our. They literally don't have any domain. They literally redirect their website to CBS News. It's, clearly, they're idiots. [SPEAKER_00] So, good luck to Nick Bilton. [SPEAKER_02] And just to remind people, Paramount, which owns CBS, is in the process of buying CNN. [SPEAKER_02] So, a greater portion of television news is going to fall under this team very shortly. So, that is another reason. [SPEAKER_02] CNN at least has its own website. For now. [SPEAKER_00] It's going to be Paramount+. [SPEAKER_00] No. Well, worst. [SPEAKER_00] Didn't they try to launch a premium thing at one point that was a total disaster? [SPEAKER_00] Because they thought people wanted premium news? I think it's Paramount+. I think. [SPEAKER_02] No, there was CNN+. [SPEAKER_02] Oh, yeah. That never even launched. [SPEAKER_00] That was canceled before it launched. [SPEAKER_02] Our letters over for brands. CNN. [SPEAKER_00] NBC. I feel we're exiting that era. Because now it's Peacock. [SPEAKER_01] It's Disney+. [SPEAKER_01] It's Paramount+. [SPEAKER_01] No, it'll come back around. TI. [SPEAKER_01] Going to make TI a thing. [SPEAKER_01] WSJ is still a thing. [SPEAKER_03] Yeah. [SPEAKER_01] TVPN. [SPEAKER_00] And it's very human to just... TVPN slash OpenAI dot slash TVPN. [SPEAKER_03] Yes. [SPEAKER_03] No, we've already declared TVBN is not a real thing anymore since the acquisition. [SPEAKER_03] So, you guys, it turned out to be more interesting to talk about the media than you realize. You've got some business ideas. [SPEAKER_01] You've got some consulting offers. [SPEAKER_01] And before we wrap, we've got the World Cup is starting. [SPEAKER_00] How's everyone feeling? [SPEAKER_00] Nah. [SPEAKER_00] I heard... I have to pull a Sam today and say goodbye early. [SPEAKER_00] Oh. And it's very human to just... TVPN slash OpenAI dot slash TVPN. Yes. No, we've already declared TVBN is not a real thing anymore ever since the acquisition. [SPEAKER_03] So, you guys, it turned out to be more interesting to talk about the media than you realize. [SPEAKER_00] You've got some business ideas. [SPEAKER_01] You've got some consulting offers. [SPEAKER_01] And before we wrap, we've got the World Cup is starting. [SPEAKER_00] How's everyone feeling? [SPEAKER_00] Nah. [SPEAKER_00] I heard... [SPEAKER_00] I have to pull a Sam today and say goodbye early. [SPEAKER_00] Oh. [SPEAKER_01] It's been awesome. [SPEAKER_00] Before I even got to Toy Story 5. [SPEAKER_03] But, wait. [SPEAKER_01] I'm going to talk about Toy Story and Taylor so we can talk about that. [SPEAKER_03] All right. [SPEAKER_01] See you guys. [SPEAKER_01] Bye, Dave. [SPEAKER_01] I've got to go judge a hackathon. [SPEAKER_02] Business Insider has a story about this Scott Paley character. [SPEAKER_01] Paley. [SPEAKER_01] I'm breaking loyalty of Scott Paley. [SPEAKER_03] Paley, Sam. [SPEAKER_02] Paley. [SPEAKER_02] Sam, every news outlet except the information has a story about Scott Paley. [SPEAKER_02] Actually, I'm just realizing that if I leave, it's going to shut it all down. So, I don't think I can leave. Just start the hackathon with us. [SPEAKER_00] Okay. [SPEAKER_03] Well, well wrapped. [SPEAKER_03] So, great. Toy Story, then we're done. [SPEAKER_00] The first thing I need to talk about is that Disney spent $200 million on this movie. [SPEAKER_01] They've probably gotten like half a billion dollars of earned media through Taylor Swift. [SPEAKER_01] Yeah. [SPEAKER_01] Easily. [SPEAKER_01] Easily. [SPEAKER_01] And she was at the premiere last night. She sang a song. She sang, you've got a friend in me. She has billboards. [SPEAKER_01] There's so much happening. [SPEAKER_01] And she's getting married in three weeks. [SPEAKER_01] I was quite surprised to see her go out so far. [SPEAKER_01] At Madison Square Garden? [SPEAKER_01] Disgusting. [SPEAKER_01] TBD. [SPEAKER_01] It might be a hoax. Nah. Britt's got a good theory on this. [SPEAKER_01] Hey, she could get married in the woods somewhere. [SPEAKER_01] But she's still inviting 1,100 people to Madison Square Garden to celebrate her wedding. [SPEAKER_03] She needed security. [SPEAKER_03] But also, I think she's going to ask people to put on a show for her. [SPEAKER_00] She's not getting married there. There's no way. [SPEAKER_01] She's going to attend the concert she always wanted. [SPEAKER_01] I think Britt's right on this. [SPEAKER_03] That's what I would do. [SPEAKER_03] It's brilliant. [SPEAKER_01] I also thought about that. I think what she should do if she invited 11,100 people, but it was all of her enemies, if she got them in one place and then did the wedding elsewhere, that would be great. [SPEAKER_01] That would give me a lot of respect for her. [SPEAKER_00] If you're a smart wedding planner, you're actually telling everyone what the venue is, and then you're going to call them the day before or the morning of and be, gotcha, it's actually this place. [SPEAKER_02] And so... [SPEAKER_01] Okay, it's clearly some twists. [SPEAKER_01] I'm with you. [SPEAKER_01] There'll be some twists. [SPEAKER_01] It's a way to have a destination wedding. [SPEAKER_01] Oh, I'm so sorry. [SPEAKER_01] I told you Madison Garden. [SPEAKER_02] It's actually in Kauai. [SPEAKER_02] You can't make it. [SPEAKER_02] So sorry. It'll be within an hour or two of New York City, but maybe not the garden. That's my second theory. I think it's multi-day and that... Wait, this isn't the Thomas Crown affair. [SPEAKER_01] It might be. [SPEAKER_01] She is a suspicious woman, this mysterious Taylor Swift. [SPEAKER_02] She likes Easter eggs. [SPEAKER_02] She likes all kinds of things. [SPEAKER_01] So... [SPEAKER_01] Yeah, that's true. [SPEAKER_01] But Britt, I will say on the Toy Story, they're getting so... She is also carrying this out to a T. [SPEAKER_01] Her narrative is that this has been her favorite movie of all time. [SPEAKER_03] She brought the VHS, her childhood VHS copy for everyone to sign. [SPEAKER_00] So Disney's getting what it paid for because... [SPEAKER_00] For sure. She is promoting the living bejesus out of this. Also, she's going to the Knicks game tonight. [SPEAKER_00] Go Knicks. [SPEAKER_01] And I'm... No, go Spurs. Okay, keep going. [SPEAKER_00] Go Knicks. [SPEAKER_00] Very much go Knicks. [SPEAKER_00] But I'm totally... [SPEAKER_03] One might have thought she would have... [SPEAKER_00] She's basically doing a press tour for her wedding. [SPEAKER_00] She's just doing... [SPEAKER_00] I know. [SPEAKER_00] I thought she would be in hiding right now getting spray tans. [SPEAKER_00] She has to. [SPEAKER_01] Why does she have to? [SPEAKER_01] She should be getting spray tans. [SPEAKER_01] Yeah, she needs to be getting massages and spray tans. That's what girls do before their weddings. [SPEAKER_01] That's her life. [SPEAKER_01] She's got to... [SPEAKER_03] Got to be a whole thing. [SPEAKER_03] I don't know. [SPEAKER_03] I hope... [SPEAKER_03] Anyway. [SPEAKER_03] We'll do another update before the big event. [SPEAKER_01] Don't worry, everyone. [SPEAKER_01] Okay. From WWDC to Scott Pelley, I hope you dear listeners enjoyed. [SPEAKER_01] And you guys didn't even have to listen to us talk about mythos. [SPEAKER_01] I know. [SPEAKER_00] We did talk about SpaceX, though. [SPEAKER_00] The people who work with Anthropic call it mythos. [SPEAKER_03] What do we call it? Mythos? Mythos? [SPEAKER_00] Whatever. [SPEAKER_00] Fable. [SPEAKER_00] It's all for me, not for thee. [SPEAKER_00] Right? [SPEAKER_03] That's the story over there. [SPEAKER_03] Oh, my. [SPEAKER_03] Deep cut, Dave. [SPEAKER_03] Deep cut. [SPEAKER_03] I kept asking Claude to update itself to mythos. [SPEAKER_01] And you guys didn't even have to listen to us talk about mythos. [SPEAKER_01] I know. [SPEAKER_00] We did talk about SpaceX, though. [SPEAKER_00] The people who work with Anthropic call it mythos. [SPEAKER_03] What do we call it? Mythos? Mythos? [SPEAKER_00] Whatever. [SPEAKER_00] Fable. [SPEAKER_00] It's all for me, not for thee. Right? [SPEAKER_03] That's the story over there. [SPEAKER_03] Oh, my. [SPEAKER_03] Deep cut, Dave. [SPEAKER_03] Deep cut. [SPEAKER_03] I kept asking Claude to update itself to mythos. [SPEAKER_03] I was unaware of this. I'm going to say fuck you. I moved on. [SPEAKER_02] I love the meme, Sam 71, which is a normal situation translated to how Claude speaks. Husband and wife talking about dishes through Claude. You're right. [SPEAKER_02] I did make that mistake. [SPEAKER_00] I'll try harder. [SPEAKER_00] It's so good. [SPEAKER_00] Oh, I love that. I sent that to Dave. By the way, last theory. [SPEAKER_00] I think people are going to start talking like AI. They already are. [SPEAKER_01] I'm going to lead us out to the outro. [SPEAKER_01] Hey, listeners. I'm genuinely really excited you listened to this real talk amongst the four of us today. [SPEAKER_03] And what else could I say? That's very AI. No, you'd say. [SPEAKER_01] Any feedback? [SPEAKER_01] Zach, want me to suggest five more podcasts to listen to? [SPEAKER_01] Quietly in the background, I know that you were laughing while we were being ridiculous at the end of this show. [SPEAKER_03] Okay. [SPEAKER_00] I don't think we nailed that, but you get the point. My honest take is that maybe next week we should not end like this. How are we ending? [SPEAKER_00] We're ending by saying farewell. [SPEAKER_00] That's just your honest take. Enjoy your weekend. [SPEAKER_00] Go Knicks. [SPEAKER_00] And we'll see you back here next week for another episode of More or Less. [SPEAKER_00] Bye. [SPEAKER_00] Bye. [SPEAKER_00] Go Spurs go. [SPEAKER_00] Bye. [SPEAKER_00] If you enjoyed this show, please leave us a virtual high five by rating it and reviewing it on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. [SPEAKER_01] Find more information about each episode in the show notes and follow us on social media by searching for @more or less, @Dave Morin, @Lesson, @Jay Lesson. And as for me, I'm @Brit. See you guys next time. She likes Easter eggs. She likes all kinds of things. So... Yeah, that's true. But Britt, I will say on the Toy Story, they're getting so... She is also carrying this out to a T. Her narrative is that this has been her favorite movie of all time. She brought the VHS, like her childhood VHS copy for like everyone to sign. So Disney's getting what it paid for because... For sure. She is promoting the living bejesus out of this. Also, she's going to the Knicks game tonight. Go Knicks. And I'm like... No, go Spurs. Okay, keep going. Go Knicks. Very much go Knicks. But I'm like totally... One might have thought she would have like... She's basically doing a press tour for her wedding. Like, you know, she's just doing like... I know. I thought she would be in hiding right now getting spray tans. She has to. Why does she have to? She should be getting spray tans. Yeah, she needs to be getting massages and spray tans. That's what girls do before their weddings. It's like... That's her life. She's got to... It's like got a whole... Got to be a whole thing. I don't know. I hope... Anyway. We'll do another update before the big event. Don't worry, everyone. Okay. From WWDC to Scott Pelley, I hope you dear listeners enjoyed. And you guys didn't even have to listen to us talk about mythos. I know. We did talk about SpaceX, though. The people who work with Anthropic call it mythos. What do we call it? Mythos? Mythos? Whatever. Fable. It's all for me, not for thee. Right? Like, that's the story over there. Oh, my. Deep cut, Dave. Deep cut. I kept asking Claude to update itself to mythos. I was like, I'm unaware of this. I'm like, fuck you. I moved on. I love the meme, Sam 71, which is like normal situation translated to how Claude speaks. Like, husband and wife talking about dishes through Claude. Like, you're right. I did make that mistake. I'll try harder. It's so good. Oh, I love that. I sent that to Dave. By the way, last theory. I think people are going to start talking like AI. They already are. I'm going to, like, lead us out to the outro. Hey, listeners. I'm genuinely really excited you listened to this real talk amongst the four of us today. And what else could I say? That's very AI. No, you'd say. Any feedback? Zach, want me to suggest five more podcasts to listen to? Quietly in the background, I know that you were laughing while we were being ridiculous at the end of this show. Okay. I don't think we nailed that, but you get the point. My honest take is that maybe next week we should not end like this. How are we ending? We're ending by saying farewell. That's just your honest take. Enjoy your weekend. Go Knicks. And we'll see you back here next week for another episode of More or Less. Bye. Bye. Go Spurs go. Bye. If you enjoyed this show, please leave us a virtual high five by rating it and reviewing it on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. Find more information about each episode in the show notes and follow us on social media by searching for at more or less, at Dave Morin, at Lesson, at Jay Lesson. And as for me, I'm at Brit. See you guys next time.