Digital Social Hour - AI Robots & Tech: The Surprising Future Unveiled | Easy Day Foundation DSH #1382

Starting point is 00:00:00 Replace myself, phone myself. But have you seen though, coming out of China, they have like skins that they'll actually put over the robot? That literally human like, holy crap. Crazy. Did you see the one AI in China? It might've been China that went haywire, started attacking everyone.

Starting point is 00:00:16 You saw that, right? At the fire. Yeah, it was spinning like nonstop. No way, is it real? Okay guys, got Frank and Landon here today from the Easy Day Foundation. It's their first episode. Thanks for joining me guys. Thanks for having us. Yeah.

Starting point is 00:00:34 Could you guys give a brief summary of what Easy Day Foundation is about? Yeah. Easy Day Foundation is a nonprofit grant making organization that Landon and I started about a year and a half ago. We were founded on Veterans Day 2023. And the idea we had was to basically put on large-scale live events and use them as a platform to help raise awareness and funds for veterans. We focus on three pillars in the veteran community,

Starting point is 00:01:06 mental health, job placement, and family support services. We try to use those three pillars to give to organizations that do operational services that focus on one or more of those three pillars. And we try to kind of tailor a holistic approach to the process of reintegrating back into society after veterans leave the service. We are planning a big event. Our first big event is the American Music Awards, which are moving to Las Vegas.

Starting point is 00:01:42 May 26 Memorial Day, live on CBS and Paramount Plus. So nice. That's a big deal. That's going to be a lot of people about a van, right? Yeah. I think it'll be massive. Obviously. I think if you think about the American music awards, this is, you know, a 50

Starting point is 00:02:00 year franchise, um, and you know, to be able to partner with them after starting our organization 18 months ago, um, and, and do this on, you know, the platform like CBS and Paramount Plus, I think is, we're, we're, we're very excited about it. Yeah, that's huge. And you guys have already helped over 4,000 veterans. 80% of your funding goes directly towards their programs. That's cool. That's really high for a charity of Phyllis. Yeah, we've had a great first year. We had an event last May, smaller one, kind of more

Starting point is 00:02:33 banquet style where we raised over a million dollars. We've distributed a good chunk of that so far and we're hoping that this event is a success so that we can keep doing it in subsequent years and kind of turn Memorial Day into the holiday that it's meant to be. I love it. Yeah. I think it's like, it's not a new thing that we're trying to do.

Starting point is 00:02:56 I think like, if you look back historically at events like Live Aid, right? I think all of us kind of, you know, whether we were born or not, kind of remembered the significance of having a live, you know, huge event that kind of just brings people together. So I think, you know, this is probably the beginning of, you know, hopefully a lot more that we'll do

Starting point is 00:03:20 across different live events to kind of activate for, for bets. Mm-hmm. It's gonna be huge. I have on a lot of bets on the show, so I'm a big supporter. Yeah. do across different live events to kind of activate for, for bets. It's going to be huge. I have on a lot of bets on the show. So I'm a big supporter. Yeah. Can't wait to hear that. Yeah.

Starting point is 00:03:30 Can't wait to support you guys and I'll be at the event. Hopefully. Yeah, please do. I mean, if you need anything. Welcome. Yeah. Yeah. Have you.

Starting point is 00:03:37 Frank, you've been in Vegas for a minute, huh? I was born here, raised here. Um, so I'm very deeply rooted in Vegas. I moved away for college at USC and a master's degree at NYU. And other than that, I've been here my whole life. Yes, you've seen a lot of growth in the city and there's still a lot more seems like coming, huh? Yeah, I mean, it's just grown outward massively since the time I was a kid up by Red Rock. It was all desert when I was little.

Starting point is 00:04:04 And now it's like, you beautiful neighborhoods and yeah red rocks the spot now yeah is the spot Durango's the spot too yeah you guys go shoot with Durango yeah and there's more on the way right more on the way can't talk too much about it yet but hopefully within the next 12 months or so we'll be able to announce the next project but we we are working diligently to, uh, to get in the ground with that. I love it. You guys met at USC? We did.

Starting point is 00:04:32 Yeah. What was that like? Um, I mean, it was great land and I, uh, we're in business school there together, had a lot of fun. Um, and we, uh, met one of my other good friends, mutual friend, introduced us and Landon and I have been buddies ever since, it's been 10 years now. Yeah. You come from the VC private equity world.

Starting point is 00:04:54 Yeah, that's kind of my background. You know, obviously we have kind of come... If you're building something, doesn't matter if it's a business, a brand, or just a better version of yourself, then you already know the work never really stops. Your brain is always on. Ideas at 2 a.m., problems at 3, plans at 4, but here's the truth. If you never shut down, you're going to crash, fast. That's why I use Sambrosa. It's not hype, it's not some trendy sleep hack, it's a legit syrup that helps you fall asleep when your brain won't let you. You take it and 20 to 30 minutes later, you're out. Not groggy, not drugged up just to sleep like

Starting point is 00:05:29 you're supposed to be. Then you wake up clear with no brain fog, no dragging yourself out of bed, you get your hours in and you actually feel like you slept. Sleep isn't optional. It's not self care. It's strategy. If you're not getting it right, you're leaving energy, focus and money on the table. Sambrosa helps me sleep. It helps me execute. That's the only reason I talk about it.

Starting point is 00:05:48 If you want to get ahead, start by getting real rest. Check out the link below in their website, www.sambrosasambrosa.com. Completely different, I think, kind of business focuses, right? Him being in hospitality, me kind of more pure play like investing in venture. You know, when I kind of finished school, you know, started with a couple partners and launched kind of a venture fund that was, you know, really focused on partnering with kind of amazing late stage technology companies. Um, and. You know, we've, we've scaled that platform, you know, incredibly quickly over the last decade.

Starting point is 00:06:34 Um, you know, we've worked with some amazing companies at the first investment we made a decade ago into space X, which wow. I'll do the first one. Yeah. Yeah. So it's everything is like downhill. I know that's crazy. We like to go big every time we do something was your first one. Yeah, yeah. So it's, everything is like downhill. Yeah, that's crazy. We like to go big every time we do something

Starting point is 00:06:48 for the first time. That's why we're here. Yeah, that's why we're here. Yeah, starting off with a big pot. Yeah, exactly. Exactly. So, you know, that's been really amazing. We've made now hundreds and hundreds of investments.

Starting point is 00:07:02 You know, we have amazing companies in the portfolio. You know, typically have skewed towards on the equity side of our business to like hard tack names. So SpaceX that everyone knows. We did the series A of a company called the Archer Aviation, which if you guys are familiar with those vertical takeoff and landing like electric, they're almost like a helicopter, but they have eight turbines throughout.

Starting point is 00:07:29 So super, super interesting companies. They're going to be launching actually Archer. It's now a public company. We'll be launching to the public probably over the next year or two where folks can actually start to use these vehicles. Wow. So you don't need a runway anymore. You can just, yeah.

Starting point is 00:07:45 I mean, kind of like one of the first markets they're launching in is, um, we'll be San Francisco and New York. And so if you're familiar with New York, sometimes blade, if you know that survey, the helicopter service, um, you know, they're actually going to be working to kind of replace that with these, they're called the EV tolls. And they'll have, you know, one at JFK, Newark, and you'll be able to come on to, come into Manhattan. And the cost is, you know, it's fully electric. So you don't have the fuel costs that you have with a helicopter. So, you know, it's hundreds of dollars for the total ride to bring people back and forth.

Starting point is 00:08:28 Wow. That's way cheaper, right? Extremely cheap. You know, really, really exciting. So, you know, many companies like that. Yeah. I could go on about the different businesses that we have in the world. I know 3.5BAUM.

Starting point is 00:08:42 That's a lot of companies, man. Yeah. Yeah. Well, a lot of, you know, we're in the portfolio. I know, 3.5BAUM, that's a lot of companies, man. Yeah, yeah. Well, a lot of, you know, we're fortunate with SpaceX. That one kind of compounds on its own and we're, you know, we're a long time holder there. We think that Elon and the team are building, you know, an amazing business that will be around for many decades. A lot of it.

Starting point is 00:09:01 One of the companies, Figure AI, I use AI every day. What does that company do? So Figure is actually super interesting. So the company Archer Aviation was started by Adam Goldstein and Brett Adcock. After Archer was taken public, Brett stepped away from the company in founded figure. Um, and you know, the, the business is, you know, effectively they're

Starting point is 00:09:30 creating humanoid robots, which is insane. Um, and you know, the, the idea is, you know, we live in a human like world, right? So, you know, this bottle of water here is built for someone with a hand to pick up, you know, if everything around us is built for humans. And so, you know, the idea is as we think about super intelligence, you know, chat GPT, you know, these foundational models,

Starting point is 00:10:00 the actual bodies that will power this technology will be human-like. And so they're building robots that have the dexterity of us. It can zero-shot. I could say to you, Sean, pick up the purple hat on the table, and the robot, without having that in its dataset, would know to pick that up and put it on a table and do whatever. That's crazy.

Starting point is 00:10:27 It's crazy technology. That's nuts. Are you using any AI these days? We're looking into it for sure. So kind of working through all the different applications that we can use in the gaming and hospitality business. But we're in the pretty early stages of that. Yeah, I checked into my hotel in Miami and it was AI.

Starting point is 00:10:48 That was crazy. Yeah like there was no humans at the desk. It was just, yeah it was just screen and they had blank key cards and they said take one. So I took it and then you scan it and it gives you a room number. So yeah it was all AI. And it's insane.

Starting point is 00:11:03 Even at the Miami airport, you know, there's wheelchairs that come to the airplane. No one was pushing the wheelchair anymore. It was AI. That's crazy. Yeah. Automatically went to the gate and it had a name on the screen and it picked up the person. Isn't that crazy? I will say in our business, we like to keep the aspects of like the human touch.

Starting point is 00:11:25 You know, from the time you pull your car into valet, check in, you know, the whole experience. Front of house for guests, I think it's super important. So we're not really trying to get rid of that just yet. But yeah, I wasn't a fan of the hotel check-in one to be honest, because hotels, I want that as more frustrating. Yeah, I want that personal touch. For sure. At a hotel. Who knows? Maybe you have a human I want that. This is more frustrating. Yeah. I want that personal touch. For sure. At a hotel.

Starting point is 00:11:45 Who knows? Maybe you have a humanoid robot that they're good to you. It might have a little, a little human touch, but. Yeah, they're advancing fast. I saw some in Asia that are, they're doing humanoid girlfriends. It's insane. Yeah, it's nuts. I don't know if I can get on board with that.

Starting point is 00:12:01 Yeah. I'll pass on that. I've seen too much Black Mirror. Yeah. I look, I, I think the early applications will probably not be hospitality. I think it's like picking and packing facilities, like an Amazon facility, if they're picking up boxes and putting it on a rail or resorting things

Starting point is 00:12:21 or taking apart and just putting it into a machine. That makes a lot of sense initially. So, um, you know, it's definitely early innings, but. We'll see what happens. I was wondering if AI was going to be a bubble, but it seems like it's here to stay. Yeah. I mean, do you use like chat, GPT every day? Yeah.

Starting point is 00:12:39 Literally every day. Even I'm sure like prepping for this, you can plug things in a little. Prepping for guests. It's amazing for health too. Like you can plug things in a little. Prepping for gas. It's amazing for health too. Like you get a blood work done and put it in there and it'll give you a plan on how to improve all your results. It is great.

Starting point is 00:12:52 I actually use that. There's, you know, those body scanners. You put that in and you can do a body scan like every 30, 60 days and just keep it in one thread and it'll continuously update. Here's what you need to be doing differently. Here's what like it just picks up. Wow.

Starting point is 00:13:08 Things. It's amazing. It's good. Yeah. It's good for generating email scripts too. Right. Like if you're sending out some cold emails, there's so many uses. It's crazy.

Starting point is 00:13:15 Yeah. I'm a fan. It's amazing technology. But I do like the human component with luxury stuff, especially. I don't know if that could be replaced. Yeah. Especially like anything creative like podcasting and movies.

Starting point is 00:13:29 I don't think you're going to be replaced with a human. Not yet at least. They might develop emotions. You might not have to show up for work anymore. Yeah, I just replace myself, phone myself. But have you seen though coming out of China they have like skins that they'll actually put over the robot that literally human like holy crazy Did you see the one AI and it might have been China that went haywire started attacking everyone you saw that right at the oh my Yeah, it was spinning like non-stop. No, what was it? Is it real started like yeah, I think someone in Ashley real video. Yeah

Starting point is 00:14:03 started like judging someone in front of a crowd. Real video, yeah. Unbelievable. There's been a few like things I've seen where the AI kind of goes off on its own. Like I think Google or someone big like had to shut theirs down. Just generating weird image. I mean, there are like hallucinations in the data.

Starting point is 00:14:17 So like sometimes you'll input something and it will actually come back with stuff that's incorrect. Yeah. So there's definitely work to be done. I don't think we're at AGI yet, but. You think that's common AGI? I don't know. I think probably eventually, I think like my view is it will

Starting point is 00:14:35 probably be a lot longer than we think. I don't think it's as near as everyone thinks, but you know, I think, I think the, the rate of improvement with the models month over month across, if you look at the major model providers, whether it's open AI or XAI or, you know, any of these guys, you know, they're basically leap frogging one another, you know, every couple of months. So it's, it's, it's pretty, pretty incredible. Yeah.

Starting point is 00:15:01 A lot of competition. I'll say like the videos now are getting so good that I almost can't tell. Yeah. Like three years ago I could tell the mouth would be off when they're talking. Right. But now it's like, is that AI or is that? Deep fake is scary. It's insane.

Starting point is 00:15:14 Yeah. Like I feel bad for like celebrities because they're gonna have to keep an eye on that. It's true. There's a lot of like I'll get Joe Rogan ads when I'm scrolling on TikTok. Oh and it's like, it's an AI app. It's an AI app but it looks so real. Like it could definitely fool most people. Yeah. Yeah. And I'm scrolling on TikTok. Oh, and it's like, it's an AI ad. It's an AI ad, but it looks so real. Like it could definitely fool most people. Yeah. Yeah. I wonder, I mean that must be illegal to do, right? Yeah, I guess in their eyes, they'll just get a seasoned assist or whatever and stop. Yeah, for now. Yeah. Yeah, it's crazy. Crazy times around. Crazy.

Starting point is 00:15:39 What other inventions and I guess trends are you guys excited about coming up? What do, what else are we looking at that we like? Um, it's a good question. I think there's, you know, obviously a lot of exciting stuff in AI. I think, you know, in our, uh, in our credit portfolio, you know, one of the things that, you know, the businesses that we're super excited about, I saw actually you had someone on the podcast who also invested in Liquid Death, which is a cool company. They crushed it.

Starting point is 00:16:11 Amazing marketing and also kind of disrupting liquor and making it cool to drink water-based non-alcoholic beverages. So that's a business we like, but we kind of do everything. So we definitely see a lot of cool different stuff. All right. Yeah. What about you, Frank? On my end, our investment office kind of focuses

Starting point is 00:16:36 a lot more on live events, sports, and entertainment. So like PowerSlap is a great one. That's really entertaining that people seem to love. I think you've been to a match before. They're a lot of fun. Dana White's done a great job of that. Prash to them. Yeah, there's the amount of impressions

Starting point is 00:16:55 it gets on social media and whatnot. Billions. Absolutely insane. So it's only two years old. It just absolutely took off. So that's been a lot of fun to watch over the last couple of years as well. I had the two champs on for power slot.

Starting point is 00:17:11 If the flying Hawaiian or Cacore crazy Hawaiian and the butcher Brandon Bush road. What a name. Yeah. He's actually a butcher though. Actually. Yeah. He was a butcher before power slot, but he just retired because the power slot money is getting pretty good now.

Starting point is 00:17:20 No way. Yeah. And he's champ and then local to Vegas or he's like a mirror. So he's, he's, he's a butcher somewhere. I'll wear it. And then, uh, yeah. Paige is coming on in a couple of days. Paige Van Zandt.

Starting point is 00:17:32 She out there as well. Yeah. She's undefeated. Who was like the biggest name now in power slots? I think Hawaiian or the guy that beat her in dumpling. Yeah. The dumpling. Wow. There's some good names. Yeah, there are some. Or the guy that beat him. The dumpling, yeah. The dumpling. Wow. There's some good names.

Starting point is 00:17:47 I always ask my friends like, yo, would you do Power Slot for like X amount of dollars? And everyone has like a price. Right. I don't know if I would do it for any amount of money personally, but they're pretty brave getting up there saying like, yeah, for sure. Dude, some of those hits are... Have you seen it? I've like seen the clips we came to want.

Starting point is 00:18:04 Yeah, I mean, it's crazy. gosh it's crazy some guys get knocked out cold what is the percentage of knockout is it like pretty I think it depends by weight class right I don't know exactly but yeah yeah like the heavier the weight the higher the chance like yeah it's it's high though how do they train do that I actually asked they show you something the pod There's like chin exercises you could train. To like help the chin and the neck. Yeah. Strengthen them.

Starting point is 00:18:28 And then you got to train technique too. Because it's not just about strength. Right. It's not just about who has the most muscle. There's a lot of technique that goes into it. I actually have respect for them. I know a lot of people make fun of them, but... Yeah.

Starting point is 00:18:39 You need to be on point. Right. You got to be super tough too. Yeah. Can you hit them only with a certain part of the hand or like what's the... Like you can't hit like behind the ear or on the neck. It's called clubby. You have to land like smack dab on the cheek. Wow. Yeah. True slap. Yeah, true slap. It's actually hard to do that with tower at the same time. Right. That's why a lot

Starting point is 00:19:01 of people miss fire. When people miss and then... And see the little... And then the next time. Right. That's why a lot of people miss fire. When people miss and then see the level on their face. And then the next guy is up. You only got two misses and you're out, right? Everyone in the crowd is talking about it. Yeah. Yeah. Yeah. Shout out to PowerSlap. And now Dana's getting into boxing too. That's going to be interesting.

Starting point is 00:19:19 Yeah. He's, he's got a lot going on. It's very exciting UFC boxing power slap You guys see the fights was it last night or two nights ago? I did and I was at the ones in Miami a few weeks ago a great fights But I grew up going on going to all the UFC fights and it was there's a lot of fun Yeah, looks like John Jones Aspen all might happen, huh? I don't know I'm probably sure they didn't give details either but it's got my name in the world anymore. So We'll see but people are talking about it for sure. That's a go for me. John Jones I think I think John Jones is one of the most amazing fighters

Starting point is 00:19:58 Yeah, it's hard to not say he's the best of all time. He hasn't lost right? I guess the one technically lost but when he did the 12 to six, but I don't count that as a loss. He had a draw one time. I can't remember. Yeah. A long time ago.

Starting point is 00:20:15 Yeah, it's been a while. Shout out to him, man. Who was the main event? Oh, it was Patty, right? In Florida. Patty was the co-main and the main was Volkonovsky and Diego Lopez.

Starting point is 00:20:27 Yeah, yeah, yeah. I'm rooting for Patty the Batty, man. He's a very entertaining guy. Yeah, he's Irish, right? I'm half Irish. He's from England, I think. Oh, he's English. Yeah, I think.

Starting point is 00:20:40 The accent and the dad bod. He's unmovable. He's likable for sure. Yeah. Yeah. He's actually like relatable because like he'll just bulk up and all season and people are like, oh, I kind of look like him. Yeah.

Starting point is 00:20:52 And he'll get in the ring. Pretty shredded. Yeah. When he's in the ring, he looks shredded. He trains. But he probably also goes to the pub every now and again too. Oh, easily. Yeah.

Starting point is 00:21:02 He's with McGregor at the pub. Yeah, exactly. Exactly. Anything else you guys got coming up other than the AMAs? Any plans? We're laser focused on that and the hill May 26 and then hopefully get a little time off after that but it's taken up a lot of our time over the last drop. The next two weeks leading up to it we had a lot of work to do. We have a lot of work to do. We have a lot of work to do. We have a lot of work to do. We have a lot of work to do. We have a lot of work to do.

Starting point is 00:21:32 We have a lot of work to do. We have a lot of work to do. We have a lot of work to do. We have a lot of work to do. We have a lot of work to do. We have a lot of work to do. We have a lot of work to do. We have a lot of work to do. Just yet. Where can people support if they're watching this? Yeah, so we'll be on CBS live in Paramount Plus. We'll have a few different opportunities

Starting point is 00:21:49 throughout the broadcast for people to scan a QR code and send in a donation. We'll have a couple performances throughout the night during the AMAs that are gonna be like Easy Day branded performances with some big A-list names. Haven't released those yet, but stay tuned. Um, it's going to be hosted by Jennifer Lopez. Nice.

Starting point is 00:22:10 The Fountain Blue here in Las Vegas. Um, and then for the first time ever, we're doing a veteran award. So, um, we're going to be giving that to a celebrity or artist that has, you know, made a big impact in the, in the veteran community. Um, and that will be presented by a veteran and a celebrity duo. Um, we'll kind of share some stories and some background and, uh, and then give that award out. Um,

Starting point is 00:22:38 but followed by a lot of really great performances throughout the night. Love it. Yeah. And this hopefully will be the first of many events that we do. So I think we've certainly set the bar high with the first one being that it's on CBS. It's, you know, I think last year at the AMAs, there was over 13 million people that tuned in.

Starting point is 00:22:59 Holy crap. It's, you know, it's super exciting to be able to take that scale and then kind of amplify the impact for veterans. And we have some amazing partners that we're working with. Because the night of the event, if you donate, so if you click onto the QR code, So if you click onto the QR code, go through the telecast, 100% of those donations will go to the eight partner orgs that we work with. Nice. So we have Bob Woodruff Foundation, Boot Campaign, Fisher House, Iraq and

Starting point is 00:23:40 Afghanistan Veterans of America, UNLV. So local kind of in Vegas, the, uh, full-time service. Oh, I didn't know they had one. That's cool. Yeah. Yeah. So, um, you know, it'll be, it'll be really like awesome, I think in terms of, you know, the impact, um, and for people donating to it's like, you know, the impact. And for people donating too, it's like, you know, I think to be able to know that the donation that you're making goes 100% through to the orgs that are actually working and providing the service, I think is a really interesting piece of the puzzle because oftentimes

Starting point is 00:24:18 with these, you know, what we've learned in our experience over the last 18 months is not every single organization has super high throughput in terms of like if you donate the dollars actually make it to the programs. And so that's kind of our commitment through this event. The organizations that we choose, we vet them all out to make sure that they are responsible with their money as well. So they're all very trusted, solid foundations. I love that. Yeah, I've donated to some charities and you mentioned the throughput and I've later researched what it actually was.

Starting point is 00:24:53 Right. And it could be super low on some values. It's actually nuts. There are some horror stories out there, so we're steering clear of that and we're doing our best to make sure that every dollar goes straight to them. That's important. Well, we'll link your socials and your website below. Yeah. Anything else you guys want to close off with?

Starting point is 00:25:13 I don't think so. I think, I mean, we're super, super excited about this first event. I think, you know, excited to have people kind of support and, you know, continue to kind of follow along. I think there'll be a whole lot more that we'll do. I just would say that this is a cause that is unfortunately rampant in this country. Our veterans make it possible for us to live in the best country in the history of the world and the sacrifice that they put down for us to be able to live here is that's, it's massive and they don't deserve to come home and have to struggle.

Starting point is 00:25:49 So we really wanna make sure that in every situation we can, we can make it as easy as possible for them to have a sense of purpose when they get home and reintegrate back into society seamlessly. So if you're feeling generous, go and donate and easyday.org. You know, we're trying to help people that really need it and really deserve it, most importantly.

Starting point is 00:26:15 Perfect, we'll link it below. Thanks for coming on guys, that was awesome. Check them out guys, check out the AMAs, May 26th, right? Yes. That's right, 5pm. May 26th right? Yes. That's right 5pm.

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Digital Social Hour - AI Robots & Tech: The Surprising Future Unveiled | Easy Day Foundation DSH #1382

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Digital Social Hour - AI Robots & Tech: The Surprising Future Unveiled | Easy Day Foundation DSH #1382

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