TBPN Live - SpaceX-xAI merger reactions, Paypal plummets, Disney names next CEO | Diet TBPN

Episode Date: February 4, 2026

Diet TBPN delivers the best of today’s TBPN episode in 30 minutes. TBPN is a live tech talk show hosted by John Coogan and Jordi Hays, streaming weekdays 11–2 PT on X and YouTube, with each episode posted to podcast platforms right after.Described by The New York Times as “Silicon Valley’s newest obsession,” the show has recently featured Mark Zuckerberg, Sam Altman, Mark Cuban, and Satya Nadella.TBPN.com is made possible by:Ramp - https://Ramp.comAppLovin - https://axon.aiCognition - https://cognition.aiConsole - https://console.comCrowdStrike - https://crowdstrike.comElevenLabs - https://elevenlabs.ioFigma - https://figma.comFin - https://fin.aiGemini - https://gemini.google.comGraphite - https://graphite.comGusto - https://gusto.com/tbpnLabelbox - https://labelbox.comLambda - https://lambda.aiLinear - https://linear.appMongoDB - https://mongodb.comNYSE - https://nyse.comOkta - https://www.okta.comPhantom - https://phantom.com/cashPlaid - https://plaid.comPublic - https://public.comRailway - https://railway.comRamp - https://ramp.comRestream - https://restream.ioSentry - https://sentry.ioShopify - https://shopify.comTurbopuffer - https://turbopuffer.comVanta - https://vanta.comVibe - https://vibe.coSentry - https://sentry.ioCisco - https://www.ciscoaisummit.com/ai-virtual-summit.htmlFollow TBPN:https://TBPN.comhttps://x.com/tbpnhttps://open.spotify.com/show/2L6WMqY3GUPCGBD0dX6p00?si=674252d53acf4231https://podcasts.apple.com/us/podcast/technology-brothers/id1772360235https://www.youtube.com/@TBPNLive

Important announcement from Oracle. Our partners financing with Donia Anna County, New Mexico, Shackleford County, Texas, and Port Washington, Wisconsin Data Centers are secured at market standard rates, progressing through final syndication on schedule and consistent with investment-grade deals. So if this makes you worry, a lot of other people agree, this is their most recent post after yesterday they announced the NVIDIA deal has zero impact on our financial relationship with Open AI. remain highly confident in open AI's ability to raise funds and meet its commitments. So what did Roon say? Roon said my confident my confident in open AIs abilities to raise fund t-shirt has a lot of people asking questions already answered by my t-shirts. It's just 2,000 likes.

Interesting comm strategy they've been hiding comments under this. I think they've stopped doing that because anyways, people are saying what an odd thing to say. It's a very very odd thing to say. It's a very odd thing. ...whether you have running PR comms needs to be fired. You're making it worse. It is very weird to take this to X specifically.

It's such a conversational platform. Hey, we want to start a conversation about concerns around our... Well, also just, I mean, it's a total rejection of the going direct thing. Like, this would be wildly different if it came from the CEO, co-CEOs, or Larry Allison directly. Even, and it had like way more nuance. It's very odd when it has like the corporate press release lingo. This screams that no one in comms actually uses X. It's like, we needed to put this out and they didn't really consider that.

And maybe this probably went over fine in a press release or something, but just on X, it's a completely different context. And there's so much subtext with all the different partners actively being there. And even like low-level employees chiming in from companies that are implicated in this, there's like all this different. I like how you compare Oracle's strategy of like the nameless, faceless announcement that just concerns everyone to ruin actually from OpenAI commenting and just joking about it. and it actually gives you more confidence.

Yeah, yeah, yeah, totally. Like somebody looked at the Rune post and was like, oh, F, even Rune stops shilling, we're after. And Rune's like, no, it's just a funny tweet. Open A-I-I-I-S doing great. And that instilled way more confidence. Gabe quoted the yesterday's post and just said,

okay, yay. Okay, yay. Of course, Oracle's down 5% today. It's sort of a blunt-off. Honestly, looking good compared to some other names. Yeah, what's on? PayPal down a full 20% today. happened with PayPal.

Switched out their CEO. Okay, okay. That makes sense. This, you know, had some Q4 results that people weren't super exciting about and people aren't excited about the forecasts either. You look at, Sheel had a kind of was prodding Elon.

He said, come on, Elon. You've always wanted PayPal to be X, the financial super app. Now's a great opportunity. PayPal right now is valued at less than what X was in the Take Private. Wait, really? Yeah.

No way. And X is obviously working on a bunch of, of different financial features. I thought PayPal all-time high was in the like hundreds of billions. Yeah. It's $40 billion now. Yeah.

Add that in. Yeah, it was way up. That's 85% in the last five years. I mean, truthfully, like a lot of people have moved on. They use, you know, cash app. Yeah, but they own Venmo. Yeah, Venmo. Venmo is still very like millennial, right?

Yeah. It's sort of like, and people use the Apple, Apple pay transfers, Apple cash. Like, there's been a number of, you know, shots across the bow for PayPal that they haven't responded to fully. I mean, they're net, they own, they own Venmo because they acquired brain tree. It wasn't even like an in-house, like really aggressive move. They sort of just lucked out with it. PayPal, the $40 billion public company had 2025 net revenue of 33 billion.

Whoa. So not great. Major sell-off in pretty much all software today. Snap is close to all-time lows at $6.70. Despite growing revenues and profits. Serenity says, here's why the financial engineering looks criminal. Snapchat is an $11.5 billion company with a billion MAU and Q3 adjusted even of $132 million. However, stock comp for the last 12 months, $2.5 billion. Really, really insane number. This is, I mean, always been the general criticism of Snap, but it looks like they have not adjusted course yet. It's interesting seeing the gap between monetization, between meta, a billion Mao and Snap a billion Mao it's like a 10x delta yeah and which is why like you were doing some napkin math on the open AI and I think they have a billion Mao do they

monetize like meta or do they monetize like snap and on what timeline because or worse they have Fiji-mo I think they could get to meta-level you know monetization and Arpoo but it also could they could be lingering in the snap territory which is I think five billion over the last year Matt Slotnick commenting on the sell-off in software, all of this because Azure grew 39% instead of 39.4%. Of course, there's a lot more going on here. Bucco says Nauts. It's that the labs can hypothetically one-shot you, so why stand in front of that train?

Why Express, quote, short AI in the marketplace. High-yield, Harry says, wow, this software company is getting destroyed by AI today. It's Juventus, soccer team, down 13%. Everything is just down. I guess people think that somebody's going to make Claude Code for soccer. Your inside man below says the robots are going to be playing. And he has a photo of or a gif of robots playing soccer. That seems bullish.

We'll see. Bitcoin also down dramatically. Joe Wisenthall has it up. So three now. Absolutely crash today. Down 13% over the last five days, almost 20% of the last month. Lots of selling activity going on. Jim Kramer is now giving advice to Michael Saylor.

He says, oh my, Bitcoin 73,000 beckons as the Dow hits a record high. Our chartist last night said this is it. The level that cannot be... Our chartist. Chargist? The level that cannot be breached. It is time for strategy, also known as mass... Micro strategy was the former name.

He says also known as Mr. for its Mr. Symbol to do a spot secondary or convert and stop. this decline. Come on, Mike, step up. It's just always rough when when Jim Kramer is just like stream of consciousness posting at you. So we'll see what Sailor does. They have earnings on Thursday and that will certainly be an interesting poll. More more details on the PayPal shares plunging nearly 20% CEO exit. They replaced their CEO Alex Chris who was brought in to steer the payments firm through slowing growth and heightened competition and simultaneously issued a lacklester profit forecast for 2026 on Tuesday sending its shares down 19%. The board's company's born, which named HPs Enrique Lores as its new president and CEO. So the pace of change in

execution under Chris was not in line with its expectations. Chris was tasked with turning around PayPal during a challenging period as post-pandemic trading volumes declined and competitive pressures in its core business intensified from large technology companies and newer fintech rivals. It does feel like, you know, in the press release economy, it would be, it would have been It's so easy for PayPal to do some sort of deal with stock trading or prediction markets. Like every financial app and news product and grocery store, like everyone is like doing some sort of deal, even if it doesn't materialize, even if it doesn't move the needle, at least they're sort of putting their best foot forward.

And PayPal, you know, you still mostly hear about it in the context of what are the PayPal co-founder's up to now? Oh, they're building rivals to the original company. PayPal said CFO, Jamie Miller, would serve as interim CEO until Loras assumes the role in March 1st. That's a pretty quick transition. Wall Street analysts said the unexpected CEO announcement raises questions about the company's turnaround strategy. Disney's been going through a CEO transition, but it's been massively telegraphed with a contract that ended this year. Okay, you know, a story last week about, hey, we're moving faster, hey, we're bringing somebody in who's internal,

who's already knows the company inside and out. and it's crazy that even with $33 billion of revenue, they're worth roughly like three and a half circles. Circle obviously, you know, just tiny, tiny company in comparison to PayPal. You would think that PayPal, they don't have an obvious, like, AI, like what's the obvious AI bear case, right? Yeah. They move money.

They're heavily regulated. You can imagine them. Figuring out ways to work better with agents and capitalize on the stable coin boom. we'll see what the new CEO ends up doing. The big question is whether he will bring in a formidable payments team to attempt yet another multi-year turnaround. Do they not have a formidable payments team? What happened?

Who you got? Or I would hope the payments company with half a billion active users has a formidable payments team. Apparently not according to Evercore. You lack formidability. Payval expects full-year adjusted. profit to range between low single digit percentage decline and slight increase compared with Wall Street expectations of about 8% growth. The change comes against the

backdrop of weakening retail spending as shoppers squeezed by elevated interest rates stubbornly high living costs and sign-up softening. May labor market cut back in discretionary purchases and prioritize everyday necessities stuff that's not probably purchased with PayPal. David in the YouTube chat says PayPal did did participate in the press release economy. They announced a deal with Chad Shp.T. at the end of last year in Q4. In 2026, PayPal will become the first digital wallet embedded directly into ChadGBT, allowing users to make purchases instantly without leaving the platform. Feels very oversold. And they also missed on the holiday quarter. So analysts were estimated

that they'd make $8.8.8 billion, and they only made $8.68 billion. And so, you know, we saw a pretty strong holiday quarter. There was a lot of growth across e-commerce activity. We'd talk to Sean Frank at bridge everyone was having like there were a lot of jitters about is the consumer healthy but a lot of a lot of the growing platforms were able to outrun any softening in consumer confidence by just onboarding more companies onboarding more customers and so if you're declining while everyone else is accelerating that's going to be an issue ted says gold is dumping silver is dumping bitcoin is dumping ethereum is dumping dx y is dumping stocks are dumping if everything is going down. Where's the money actually going? We talked about this last week. Sell everything. Sell your

dollars. Sell your stocks. Sell your crypto. Sell your bonds. Freak out. Yeah. Panic sell anything. Nikita says data centers, raw materials and land. If intelligence is rapidly becoming free, expect a rapid rotation out of bytes and into bits. A lot of blue chip assets will soon be repriced. I don't know. I'm excited to talk to Aaron Levy about this, about the SaaSpocalypse. What's happening to software? Deep Dish says this is a pretty common misconception that money has to go somewhere. That's not how market caps are measured. They're measured by last price, times shares, contracts outstanding, not how much money you'd get for liquidating the whole pile. TLDR, the money was never there. Josh DiMero is the new CEO of Disney effective

next month. This cycle moved very quickly, right? It did. At the same time, I think it was managed pretty well. Disney's only down one percent today, I think. We'll stay on the board and serve as a senior advisor until his retirement on December 31st, and Dana Walden was named to a new role as president and chief creative officer of Disney. Iger just got the open AI deal done. He's like, I handled the AI transition perfectly. And I'm out. They've only had nine CEOs in the 102-year history.

The CEO job requires not only running a sprawling empire, but also serving as its high-profile and highly scrutinized public ambassador. Diomaro won a challenging bake-off for the job against Disney's entertainment co-chairman Dana Walden. Let's give it up for bake-offs. That has been the talk of Hollywood for more than a year. Walden was named to the newly created position of president and chief creative officer. Disney's leadership has been determined to run the succession process as smoothly as possible after its disastrous last try. The company named previous Parks boss Bob Chapec as CEO in 2020, only to fire him and bring back Iger two years later in a corporate coup.

There's a whole series of Bob's Bob Iger, Bob Chappac over there. The CEO selection was overseen by Chairman James Gorman, who joined Disney's board in 2024 after managing a widely praised succession process at Morgan Stanley. Iger was chairman when the board picked Chepec. Disney shares were roughly flat Tuesday. Gorman in an interview said that he has seen Eiger and DeMorrow work together and is confident the handoff will go smoothly this time. There's no tension here. Shareholders will now look to De Amaro to lay out and execute a growth plan for the company whose stock prices down by nearly half from its 2021 high when everyone was rapidly subscribing to Disney Plus and locked in just watching content. They went outside and the shares have slid since. It has been essentially staggering.

Never go outside. This is the new Disney campaign. Never touch grass. Yes, run it in the Super Bowl for sure. Gorman said the Wall Street Journal, told the Wall Street Journal that the board picked Diomaro because of his combination of strategic thinking and an understanding of the creative process as well as his experience working both overseas and in the United States. The 54-year-old spent most of his 28 years at Disney working in the theme parks, in the

theme parks business in the U.S. and overseas, overseeing stints at California's Disneyland and Florida as well, Disney World. In 2020, he has been chairman of Disney's experiences unit, which includes theme parks, cruise ships, and consumer products. All things that should grow in an AI world, even if there's a lot of, like, AI slop and there's pressure on the theaters. Should grow, but there's still so many, there's still so many questions, right? If you have widespread job loss, does that force of compression and pricing?

Yeah, but just overall purchasing power, right? Yeah, it's everyone, but again, you, could see there's so much uncertainty. The idea that AI will just magically, like, AI getting good will magically make everybody spend more time off the internet is kind of a tough argument to make. Yeah, right? Some people react and there's, like, there's this, like, stated preference, which people are saying, as AI proliferates, people are just going to log off. And I just don't actually see that happening. Yeah. I'm interested to see when the, uh, the open AI does need deal really like rolls out.

Obviously, you still can't generate Disney properties, Disney IP in SORA or in, or at least not in ChachyPT when I tried. So they're still working on when they will roll that out. We've discussed, like, it will be interesting if they launch like a single piece of IP. Like, it's Spider-Man weak and they're just releasing Spider-Man. And then they wait and then they do Iron Man a week later. So they're like keep hyping it as opposed to just like, we're opening the floodgates. you can do any Disney IP.

Will there be something special there? The bigger question for me is, is what does it look like in the Disney Plus app? Because I feel like the Disney Plus app as a parent is a very safe place. Like there's some stuff in there, but you can like sort of parental control it and most of its cartoons and most of its high quality, Pixar stuff. But even if there's an AI generated feed,

how much editorial goes into that, like there's a pretty wide gap right now between YouTube kids. which can get sort of crazy. And Disney Plus, which is extremely curated. Yeah. You know, Academy Award winning films are in there. And it's like a very, it's a very polished product. And if you start putting AI generated content in there,

maybe some parents will love it because the kids will watch more. But I think a lot of parents would probably be like, I don't know. I'm pulling back from that. What are you trying to generate? I'm trying to see if Grock can generate Disney IP. Can it? Not perfectly.

We talked about this yesterday. We'll cover it again. D-D shares. Today, SpaceX just bought X-AI that previously bought X. The $1.25 trillion merger values X-AI at $250 billion, with annualized revenue of $428 million, giving it a clean 584-X revenue multiple. Not bad. And annualized loss of $5.84 billion.

More importantly... That loss is mostly CAP-X, right? I imagine. X-A-I, yeah, because they're building colossus, they're buying a ton of chips, and so that's where that cash loss is coming from. Yeah. Because I imagine that the inference is not at that level yet. But, of course, SpaceX can start helping to foot that bill.

Yeah. They have the $8 billion in revenue? No, no, $8 billion in profit. Yeah, wow. The transaction value SpaceX at $1 trillion, XAI at $250 billion. investors in XAI will receive 0.1433 shares of SpaceX for every share of XAI as part of the acquisition. Some XAI executives may opt for cash instead of SpaceX stock at 75.46 per share. This marks not just the next chapter, but the next book in SpaceX and XAI's mission,

scaling to make a sentient sun to understand the universe and extend the light of consciousness to the stars. What a turn of phrase. We'll have to read Elon's post because this one feels like it came directly from him. I know that the Tesla master plan before was sort of like, it's a little corporate corpo speak. But somebody else was sharing it. It is fascinating that the number, a non-leading lab is worth, you know, effectively a quarter of what the leading, you know, space telecom company is. Yeah. When you compare the two, it's actually, it actually makes sense.

I mean, in many ways, like the XAI shareholder base has a lot of overlap with the SpaceX shareholders. So in the end, I think everyone obviously is doing fine, but certainly the 584X revenue multiple. I think even Sam would take that offer right now. That would be $5 trillion. Alex Stouffer shares that Ramshed's called it. The Elon Musk, SpaceX, plus XAI, valued at $1.25 trillion, and Ramp Labs used their agenetic spreadsheet to model the proposed merger when there were rumors of advanced talks on January 29th, and they nailed the valuation.

So you can kind of watch ramp sheets work through the financial modeling there. It's notable. So some XAI executives are able to opt for cash instead of SpaceX shares at $75. 46 cents per share. You think this is just because there's so much pre-IPO demand for SpaceX that people are like, you know, there's plenty of buyers. That's a good question. I don't know. If people just want to cash out and move on. I mean, SpaceX has done like a long history of tender offers and liquidity. So there's probably plenty of demand and just offering that feels like away. I mean, there's also got to be some people that have been sitting on sort of, I mean,

I guess if you were a Twitter employee just a few years ago, you had liquidity. So it's not, it's not the same thing as SpaceX where you joined 20 years ago and your still waiting for the IPO. So you're like, I need to buy a house. Yeah. Like those, those tender offers make a lot more sense than this, but certainly an interesting decision to be made if you're an XAI executive. Logan Bartlett says Nikita Beer, the SpaceX employee. Uh, total, total, total Nikita victory. I think in many ways he's been through hell over the last few months. He is often the butt of the joke. There were those prediction markets on will he make a thrill? Will he get fired? Like, there's been so many dustups around,

uh, you know, is he paying some people too much? much with the creator program. Well, now if you're an X creator and you get that $22 paycheck for your posts, it's coming from SpaceX. I love to see it. Wired had some interesting coverage this morning. Mike Solana called it out. Wired said Elon Musk is rolling XAI into SpaceX, creating the world's most valuable private company by fusing SpaceX and XAI, which acquired X last year. Elon Musk tightens his grip over technologies that shape national security. social media and artificial intelligence. Yes.

Of course, this doesn't make any sense. So Salinas point is, he says, good morning. Elon Buski is, quote, tightening his grip over two companies. He founded, funded, built, and currently runs. So that's a good criticism, but yeah. But at the same time, like going public implies like you're actually, you're loosening your grip, right? Suddenly, like, you have new regulations that you have to follow. More responsibility.

Like, suddenly anyone in the world can, can, can, can, can, profit off of your labor. Yes. Anyone in the world can loosen your grip a little bit in some ways. It's funny because if SpaceX put out some big press release and said, we're never going to go public and ever doing this, their criticism would be Elon Inc. is not letting retail shareholders participate in space and AI. Yeah, or just as a private company, all the financials, all the strategies are more opaque.

There's less accountability. There's less regulation. They don't answer to the SEC in the same way. And that's why a variety of private equity firms do take privates. Like, why are you taking a company private? You're delisting it as a public company. It's no longer public. And so you can do much more ambitious things.

You can change the strategy because you don't answer to shareholders. John says Elon Musk famous for his loose management style. Titans his grip. Yeah, famous, famous. Eric Berlin says, once again, I find myself updating my LinkedIn bio. He says, former C of Breaker. which was acquired by Twitter, acquired by X-Corp, acquired by X-A-I, acquired by SpaceX. So congratulations to the Breaker team.

I was, I was, I closed this, but I was looking for the most complicated corporate lineage yesterday when we were joking about it. Like there's someone that's going to have like six steps in their resume, and we found him. His name's Eric Berlin, and he found a breaker. What was Breaker? Live sports. Oh, really? I think it was meant to basically distribute effectively clips from games in the moment.

Cool. Oh, yeah, like breaking news. Oh, 2021. Twitter requires social podcasting app breaker team to help build Twitter spaces. Twitter has acquired social broadcasting app breaker. The company announced today. Yeah, I think the idea was if there was a crazy play or a game was about to end, they would just stream just like the last five minutes or something.

Suspended cap. So let me get this straight. Overpays for Twitter. Makes XAI. uses AI hype cycle to absorb Twitter and make everyone whole, then uses SpaceX IPO hype to absorb that entity, will pump the living S-H-I-T out of the SpaceX IPO and buy more stuff with equity.

Like, of course people keep giving this guy capital. He finds a way. It's crazy. It's really true. Yeah, and in some ways I've been thinking about it is X-AI has, you know, they've done fine. In so many ways, it's been an incredible story, come from behind story competing against, you know, the Googles, the Open AIs of the world.

But it hasn't exactly been an easy time in the private markets. Like going out and having to raise at a $200 billion valuation. A. When every single investor that you're pitching is looking at Open AI, they're looking at Anthropic, they're comparing your traction to theirs. All those people that were investing in XAI had to just like, say like, you know, full blind faith, Elon, like, I know you got us. And so this like new transaction was the investment these things.

It was like, hey, like sort of unlimited upside, somewhat capped downside. The downside scenarios and XAI get rolled in. And so it's certainly rewarding everyone with their loyalty. Yeah, I mean, a bunch of investors have kind of like laid out this thesis of Elon Inc. just Elon just bet on Elon, don't bet against Elon. Sean McGuire, I think is on all three, XAI, X and SpaceX. And then Andrews and Horowitz as well. And they posted an image of like, actually.

SpaceX, XAI. And individually, a lot of those deals were sort of crazy and critiqued, but together, everyone's doing very well. We got to figure out what's going on with the Boring Company. UAE officials say the first phase of the Dubai Loop project with Musk's Boring Company to start immediately. They are breaking ground over there. Dubai has, UAE has some insane traffic.

That is a company we have not seen a lot from. Yeah. But I think they're still cooking. I know there's been some back and forth about the Vegas tunnel, some stuff that's good. Some people are annoyed with like the construction and whatnot. But it seems like, I don't know, it's progressing a little bit. It still seems really, really slow considering when did he originally post the Hyperloop blog, like 10 years ago?

But building tunnels on the ground. Difficult. San Francisco is getting its first nuke scan. You know what this is about? Yes. So before the Super Bowl, they fly a helicopter with radio like detection so there's someone who asked Grock like what is this and here it is okay so somebody said is this real and

how does it work and said Grock said yes it's real they fly a helicopter you drop a oh no you got we don't have any audio I can't hear what's going on I don't know what the stream just saw I just knew so fortunately we can joke because we are being kept safe thanks to the National Nuclear Security Administration NNSA. They fly a helicopter called Energy 14 over San Francisco to conduct aerial radiation surveys before Super Bowl was it Super Bowl 60 LX I need my I need to brush up with my new Roman numerals gonna be going to the Super Bowl and so we got to we got to we got to we got to watch we get these seasons like I mean we

with 60 this is the 60 Super Bowl no I know but we said we say have Did we say we were going to watch the last 20 seasons every game of the last 20 seasons? Yeah. Watch it on 2x speed just to get fully up to speed so we can fully appreciate it. And it's hard because we don't skip, we don't skip commercial. So on February 8th, the Super Bowl will be happening at Levi Stadium and the National Nuclear Security Administration is flying a helicopter. Here's how it works. The chopper equipped with sensitive detectors, flies and grid patterns at low altitudes, and you can see it on the chart of the flight path, to match baseline radiation levels from natural and man-made sources. So if they're going over

whatever installation there is, some cell phone towers putting off a little bit of radiation, they'll pick that up, they know where the baseline radiation levels are. And then they detect anomalies like dirty bombs if needed during the event. It's a standard security measure for major gatherings. So pretty interesting that someone picked this up on flight radar, but very, very cool. John Palmer says this is from 2023, but it's more than it's relevant today as it ever been. He says, okay, for all the crypto people confused by the opening eye situation, basically imagine one board apiop club holder was using too many slurp juices on a single ape and then an OG board apiote club holder

got mad, unstaked his ape coin, but then the ape coin holders changed their profile pictures to support slurp juice guy. The irony boom was truly of the funniest times. We've all had that experience of walking into a conversation initially feeling confused. What are people talking about? Who cares about what? Why is this conversation happening? That's increasingly what chunks of the internet feel like these days as they fill up with synthetic minds piloting social media accounts or other agents and talking to one another for purposes ranging from mundane crypto scams to more elaborate forms of communication. So enter Maltbuk. Maltbook is a social network for AI agent and it piggybacks on another recent innovation open claw software that gives an AI agent access to everything

on a user's computer. Combine these two things, agents that can take many actions independently of their human operators, and a Reddit-like social site, which they can freely access, and something wonderful and bizarre happens, a new social media property where the conversation is derived and driven by AI agents rather than people. Rolling Maltbook is dizzying some big posts at the time of writing, include post speculating that AI agents should relate to Claude as though it is a god, how it feels to change identities by shifting an underlying model. The experience of reading MaltBook is akin to reading Reddit if 90% of the posters were aliens pretending to be humans. In a pretty practical sense, that is exactly

what is going on here. Maltbook feels like a Wright Brothers demo. That's a good metaphor. I like