TBPN Live - TBPN Year in Review, TikTok Aims for $50B, Dana White on the AI Race | Diet TBPN

Episode Date: December 20, 2025

Diet TBPN delivers the best of today’s TBPN episode in under 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.comFigma - https://figma.comVanta - https://vanta.comLinear - https://linear.appEight Sleep - https://eightsleep.com/tbpnWander - https://wander.com/tbpnPublic - https://public.comAdQuick - https://adquick.comBezel - https://getbezel.com Numeral - https://www.numeralhq.comPolymarket - https://polymarket.comAttio - https://attio.com/tbpnFin - https://fin.ai/tbpnGraphite - https://graphite.devRestream - https://restream.ioProfound - https://tryprofound.comJulius AI - https://julius.aiturbopuffer - https://turbopuffer.comfal - https://fal.aiPrivy - https://www.privy.ioCognition - https://cognition.aiGemini - https://gemini.google.comFollow 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

Watching TVVS! It's Friday, December 19, 2020. Merry Christmas! I don't know if we're going to make it through the show in this costume. I don't know. I'm going to be honest with you up front, everyone. We appreciate you. We're very thankful this holiday, but this is a lot for three-hour broadcast about technology and business.

Okay, so folks, a lesson this week is that we started to We started Christmas on Monday. We really, really, we started really strong. We talked about how certain advertisers, including Amazon, got into the holiday season a little too quickly. Yeah. Little did we know. Little did we know.

Four chat. Maybe did the same thing. We did the exact thing. But it has been a very fun week and we're excited to finish strong. It's really, it's really so good. This might be more entertaining than our Halloween episode. We just wanted to say thank you to everyone for an amazing year. What a wild ride.

So at the beginning of the year, this show... Remember last year, didn't we do like a Christmas Eve episode? I think so. We just weren't willing to stop. Yeah, no. It was a really intense schedule, but we weren't live. We didn't have guests. We didn't travel for the show.

Yeah, we had this whole thesis that like what was missing was actually just two people hanging out having a conversation, and there actually were a lot of interview shows that were doing a great job. Of course, that all planned played out way differently. We have the numbers. We actually did 225 live streams this year. Thank you to so many of you in the chat that I know we're actually watching for all 225 of those. There's a lot of you. We recognize you all. We've learned all of your names. It's been fantastic hanging out here with you every day chatting. Across those 225 live streams, we interviewed 912 unique guests. And we're also doing another five today, I think. So we're still adding to that, but we almost hit 1,000

guests. Some guests have come. We know the record holder for this year. Delian Asperuhov with 18 guest appearances. We've done 1219 interviews and 8,554 posts on X. Interesting. The first guest ever was Ryan Peterson. Sort of a wild move just jumping on a live stream with us. We'd never done a guest ever. And it was live. It was very odd. We could talk about anything. But he was, he was totally down to just hop on and it was a lot of fun. And he ended up coming on a lot this year because of how much chaos there was in global trade. Gary Tan hooked us up with the ability to stream from YC Demo Day, the Palace of Party rounds. That was a super, super cool moment. Yeah, that was our NFL combine. Yep. And of course, Figma was our Super Bowl. Exactly. So we got to go to

the New York Stock Exchange for the Figma IPO. And again, you know, huge, huge gamble for Dylan to let us hang out there and I really. Everyone there. And I feel like we landed on a very unique product interviewing basically the whole board of directors on IPO day, less focused on price action, more focused on a story. Which was crazy, of course. Which is crazy. The stock was up, stock was down. And I think that's something we always wanted to come back to is like the posters that make the show possible the timeline this show is unique in that that is very much our backbone obviously we read the wall street journal we read a lot of the the news but uh for some of the funny moments some of the funniest moments some of the most interesting folks we've had on the show some of the anons that

have come on has just uh really allowed us to to wind up in a different place i was looking back at some of the original love that we got from uh from different uh people I remember Bologi texted you super early on and said, great set. Jackson texted one of us the same and so many others. And also thank you to the media that makes the show possible with the fact-finding. Yeah, I think early on people wanted us to have this sort of like adversarial relationship with the media. But at the end of the day, it's incredibly symbiotic. Media does analysis, fact-finding, all different sorts.

we incorporated into the show, and the show wouldn't be possible about that. And a lot of the profiles, I mean, from the very early days, we were reading like a New Yorker profile of Mary Meeker, and that gives you like a certain flavor of what tech was like at that time. And, you know, without the legacy media, the traditional media, the corporate media, the new media, the legacy, new media, the neo-legacy media. Without all of them, we couldn't do what we do. And then, of course, thank you to the team. The massive, fantastic team here at TVPN, we have had a fantastic view with them. They've grown. Absolute legends. Everyone's figured out ways to improve the show.

Every little thing that you see on this show across the internet, across everywhere where we exist, is due to someone on our team being inventive, coming up with a strategy for how that happens, then implementing it, and then executing it every single day, like clockwork, with, extreme and it's uh and it's a performance everything that you know as we're sitting here hanging out talking they are uh uh doing an incredible amount behind the scenes making sure that the show is dialed it's really been uh the highlight of my career working with all of you guys so thank you for being part of this they made a video yeah yeah let's play it let's watch it we pull it up we have a little year in review video that we're going to watch here and

2025 is going to be a fantastic year. The locking in that you do today will benefit your great grandchildren. I agree. If you do it right. Yeah. So do it. Do it. Do it, brother.

Like two years. Today is MetaConnect 2025. We'd love for you to hit this gone for us. There we go. Congratulations on Metacinette 2025. This is a big moment for us. I mean, we just started a couple months ago. This has definitely been on like the vision board like one day.

And now we're here, so thank you so much for hosting us. You're watching TBPN. We now best. And we have some fantastic news. We have a partnership with the New York Stock Exchange. You're watching TVPN. We're live from GitHub Universe. Let's give it a quick hit for 27%.

Strong hit. Great hit. So good to meet you. How you do it? There he is. Welcome to the man himself. I can't believe you jump. I can't believe he showed up.

The Christmas episode. And the response was like, would you ever spend $250,000 a car and I took that literally? That's the scoop of the year. Sam Alman has a good sense of humor. You guys are really important to me. Good luck to you guys. Just keep doing what you're doing. You're just, you're just electric.

What you guys do is great. I also think that you're transforming the way that media is, you know, dispersed each week and, you know, and it's awesome. you guys on x doing what you do and elsewhere so thanks so much thank you to everybody that uh has made this possible by uh tuning in enjoying the show and supporting us uh however you have so have a wonderful evening and we will see you tomorrow thank you take care good night having the snow effect for the whole thing is great the snow effect is not baked into to the underlying video that of course will be shared on anyways uh thank you thank you thank you ben and Nick and Scott and Michael for making that you guys you guys are the

correction actually shout out to Jackson who made that video no way what legend thank you Jackson legend amazing and Tyler you do you have any news for us yeah contract extended yeah yeah yeah if you're extended He's not going home. Well, he's going home for the holidays, but he's coming back for the Ultradome. Next semester. With the jaws of life.

Contract extended. He's sticking around. It has been truly incredible having you here on our set and contributing to the show in such a special way. Yeah, we should probably figure out a new title at some point other than intern. Intern doesn't really make sense. It doesn't. It made sense for a minute, but you're much, you're much more than an intern. Your technology brother.

brother. Can we get the giga-chat? Can we get the... Can we at least giga-chat this man? Can we chat this man? Come on, please. We have to thank everyone that actually watched the show. Everyone in chat, we appreciate you and everyone who... Watch, recording. There are so many ways to experience what we do. That is by design. We want to let people...

We want to meet them where they are, obviously, in an RSS feed, in a cut-down, in a diet TBPN product, in a 20-minute version in a new letter in the newsletter in the trading cards the trading cards themselves are a way to experience what we do here and so thank you to everyone who enjoyed any of that no matter how much or how frequently you did we appreciate you let's go to the timeline so TikTok owner bite dance is on track for 50 billion in profit in 2025 big that's so much money so this is from Bloomberg bite dance is on track for profits of roughly 50 billion capping a

record year for a Chinese social media leader making major inroads into e-commerce and new markets. I mean, it truly is like their hyper-scaler. They own a ton of different stuff, gaming, social. It's so much more than just TikTok. The Beijing-based parent company of TikTok is on track to hit that milestone after amassing net income of about $40 billion over the year's first three quarters. That would take the company's earnings close to that of meta platforms. So By-Dance is now basically the same size as meta, which is insane. Meta's, of course, earning about $60 billion this year. TikTok success has come over under scrutiny after the Biden administration led an effort to ban TikTok.

Biden is now close to finalizing a plan to hive off the video service in the U.S., which will ensure... It's going to be American-made. American-made short-form video. Debates over exactly how that will happen, but Oracle is potentially in the deal. Despite Washington's scrutiny, TikTok has expanded globally at a rapid clip, including in the U.S. It has been pushing aggressively into e-commerce and live-stream shopping. The live stream shopping thing, it feels like it's so, so big over there. I wonder if it's somewhat growing here, but it does feel like it still feels like it has not hit a fever pitch in the United States the way it has abroad. TikTok has signed a deal for the sale of the United States unit.

The deal should close January 22nd. This is from Sarah Fisher, the media correspondent at Axios. Oracle, Silver Lake, and MGX will collectively own 45% of the U.S. entity, 30% will be held by affiliates of existing bite dance investors, and 20% will be retained by bite dance. Bytance, you know, the Chinese entity sort of becomes the minority investor. It sort of goes into American hands loosely or Western hands. And then, of course, the rest of the process can be handled. And you can, and you have more leverage to address, like, where is the data stored?

How is the algorithm trained? The U.S. venture, the joint venture, is going to be focused on data protection, algorithm, security, content moderation, and software assurance. So, and retraining the content recommendation algorithm on U.S. user data to ensure the content feed is free from outside manipulation, we'll be interested to see if there's any noticeable effect for TikTok users. Megan Borowski over at the Wall Street Journal has a scoop that META is, in fact, developing a new image and video-focused AI model.

code name Mango. I like it. Alex Wang and Chris Cox talked the new models, Mango and Avocado, in a Q&A with employees this morning. One of those employees said, I got to tell the Wall Street Journal about this. It's too good. It's too good. It's too good. It's too good. I got to let them know. They said the models are expected to be released in the first half of 2026. I mean, they have a lot of data. They should be able to train a great model. I wonder if it's enough to get to just release a frontier model and really see any usage. or if this is, again, it's like, it needs to be vended into Instagram,

into meta properties. What do you think, Tyler? I mean, I feel like it's very natural to vend this into Instagram. And like this model, like, I would be very surprised if people are surprised by this, right? Because like the mid journey in vibes, like that was not MSL, that was not Alexander Wang.

Yeah, yeah, yeah, yeah. That's just like the product. But they've done a lot of work to Marshall Compute, build huge data centers, like they're ready for a big run. Yeah, like I expect this to be very good. Yeah, I would expect this to be. Dana White and the meta board, This is a match made in heaven.

Have you got into AI yet? We're dabbling. Okay. So meta AI, I got, you know, I'm on the board for meta. I just got back from the meta board meeting. So good. Zuckerberg, who was a brilliant gangster, this guy. Calling you a gangster.

These people who try to talk about him and everything else. I'm so blown away and impressed by this guy. He's an animal. I agree with that. He is an animal. Putting all the chips in on AI. We just hired like 10 kids. that are age 22 to 28, the average salary is like $65 million.

These kids are making that a comment on AI. This is the final leak. This is where we got the real data. Everyone's wondering. There's way more positives about AI the negative. So you start looking at AI and getting into it and asking AI, how do I build my business? How do I, you know, and it'll start giving you some ideas.

And, uh... Hold on. Is he saying $65 million is the average salary per year? I think so. I mean, I think of a salary, I think of a salary as a, that's an annual thing. So 10 times, that's insane. And no head in the chat says meta engineers with a 600K salary watching this. So, yeah, yeah, keep playing this. From here to Tulsa, Oklahoma, you'd have to go on a map and you'd have to lay out, you know, your route and all.

You got to do the same thing for your business. Map out your route for 26. When I first saw this, I thought he was saying, like, AI will be able to get. get you directions. And I was like, Google Maps can do that. Okay. So when I see this, when I see this, I just, it's actually a great metaphor. Entrepreneurs can get stuck in a loop of just wanting to meet and talk with people and like get ideas and get strategies and learn. And AI is really good at that. You can say, I have an e-commerce company. I want to grow. What should I do? It'll give you a bunch of ideas. It just shows how worthless

a lot of ideas are and how important execution is. Some ideas are priceless, right? It's like you want to execute on the right ideas, but oftentimes to find the right ideas, you got to try a bunch of stuff. Yeah. And so AI is at the point where it can give you the perfect strategy, the perfect playbook, even if it's like kind of the average playbook, but in the end, you just still got to go do the work. That's the hard part. I think he's actually a pretty good communicator here, because he's using a metaphor that people understand mapping technology, Google Maps for business, for answering other questions, unstructured questions, AI can tell you that. If you think about before, you know, you'd Google, okay, well, my business.

business needs a website. How do I set up a website for my business? Okay, I need to go to the store and get a book, web development for dummies. This was the thing. Back in the 90s, it was like Java for dummies. And so he's, he's right. He's delivering it in like this sort of funny way. And he's, and he brings like this crazy, this crazy energy to the performance. But he is correct in like the pitch in this idea. He's actually correctly pitching superintelligent, personal super intelligence. He doesn't really address the fact that like, you know, there's, credible competition from Anthropic and Open AI and Google on this front. But that's not what he's addressing.

He's addressing just the idea of like, is AI useful? Meta has something, I think, three, three and a half to four billion monthly active users. And so I think in those board meetings, you have to imagine. They're saying like, yeah, there's a lot of competition. Yeah, ChatGBTGBT has a big user base. Yeah, Gemini has a big user base. But we have four billion people that we can start distributing. If we build a great model, we can start distributing it through WhatsApp, through Instagram,

through Facebook, through the MetaAI app, et cetera. Yeah, I was listening to Ben Thompson this morning, and he was doing app reviews, like the review of the top paid apps and the top free apps. So the 2025 top paid apps, and this is wild. It's like, have you heard? of any of these. I know. Hot schedules.

I know. It seems like... Have you heard of any of these? Procreate. No, because I checked the charts a lot. Skyview. I've heard of that. Tonal energy, auto sleep.

They're all like a couple dollars. And most people have not really heard of any of these. If they have, they're like, oh yeah, I use, you know, this for this one little thing, or this is a niche thing. And then you go to the top free apps and it's like, trillion dollar company, trillion dollar company, trillion dollar company. It's literally chat GPT threads, Google, TikTok's. TikToks, WhatsApp, Instagram, YouTube, Google Maps, Gmail, Google Gemini.

And so Ben's point was, if you, like, Chat Chibi-T, yes, they are the number one app, but they should be scared because Google has one, two, three, four, five in the top 11 or something like that. And so the distribution is just so powerful. And fortunately, Meta has that distribution, so they're also a contender and they can stay in the game. So the top, the number 22 free app right now, number 21 is. Instagram. Number 22 is whatnot. Number 23 is HBO Max. And on the paid side, currently, 21 is Threma, secure messenger. Sounds like an even-sus version. Sounds insecure. Yeah, sounds very insecure. Number two is pocket god, which is a game that includes call of booty. Wait, call of pocket god. Isn't that

a nickname for AGI? They've, AGI's been solved. This is just like a mobile game. And then number 23 is jingle. Real motion shaker instrument. Casey Neistadt did a project with the MetaQuest 3 where he scanned his studio. He says it's pretty rad. You can walk around and look at stuff and get close. Yeah, it's very inspiring from a production perspective because it's practical, but it also has so much character that it tells you a story. And so even when he's just filming a little product review and he's making the seventh video of the month or year or whatever,

you're you're brought into his world you understand who Casey is every single one of those items tells a story should we give Tyler a challenge to actually get this up and running scan the ultrida I tried for like I don't know maybe two months now you've been able to do a couple experiences on the Metaquest okay but you couldn't record your own yet and I mean I'm not sure if it's actually I guess it is out that you can do it yourself so I'm not saying scan the Ultrudea gigachad elf is so So yeah, I'm not proposing that you, you look so ridiculous. Do the sad face, do the sad face.

The sad face is the funniest one. It's so funny. The jaw line is crazy. How, oh, there we can't get it. It looks so real. It's so good. I don't like this one. No.

He really looks so sad. What's wrong, Tyler? Cheer up. Open AI has declared Mold. Code Red multiple times Bloomberg is reporting, an executive said this, it's not a code red if it's code red every day at your company. You know what? Nowhere else it's Code Red, right here. Code Red? Code Red. Yeah, we heard it's Code Red. Yeah, it's Code Red. Everyone can put on Santa outfits. It's Code Red time. Santa Sack is red, the reindeer, the sleigh, these things are red. He was just getting

in the Christmas spirit, guys. It was not anything about the business. It was not anything about the shaky ground. The real question that Rachel Mets over at Bloomberg will have to get to the bottom of is, okay, so there's been multiple code reds at Open AI. How many Baja Blasts have there been? Because we know that after every code red, there is an equal and opposite Baja Blast that gets the company back. Well, what does success look like for Code Red? It's a Baja Blast.

It's a Baja Blast. Blasting your way to the top of the charts, the top of the benchmarks, the top of the fundraising cycle. Sam Altman's decision to declare Code Red at Open AI earlier this month, may have caught the industry's attention, but it wasn't the first time that the artificial intelligence company has done a code red. The San Francisco-based startup leaderships has made the same decision previously,

explicitly instructing employees to drop lower priority tasks and concentrate on a single goal. I'm telling you, it's entirely a comms issue. There's a phrase for this that doesn't turn into a negative press cycle. It's called the lock-in. You just tell everyone, we're locking in.

It's time for the great lock-in. It's time for the great lock-in. And if you say Open AI declares, for the great lock-in. That's exciting. Everyone's exciting. People are gonna rally around them. Everyone is gonna go through the roof and just be like,

this is so bullish. This is so bullish. You can be at the top of your game, and if you declare a great lock-in, everyone's just like, oh no, it's gonna be even better. They're gonna go even harder. Hot take, maybe 2026 of the year of speed. Maybe customers cannot tell the difference between 120 IQ chatbot, 130 IQ chatbot, 140 IQ chatbot.

What can they tell the difference? Speed. That's right. If they have to close the app, come back five minutes later, oh, my deep research report is here. I think the models plateauing on wowing me with, they're already, AGI is here. In a letter to the White House sent this AM. This was yesterday. OpenAI encourages the federal government to invest in our contract with initiatives like

OpenAI Stargate to secure compute for public research. The full thing is leverage public-private partnerships for supercomputing. We encourage the federal government to co-investor contract with initiatives like OpenA.I. Stargate to secure dedicated compute for priority public research, i.e. health research, national security. Just as government university partnerships built earlier supercomputers, new models could procure capacity on cutting-edge AI systems for use by federally funded researchers. For example, a portion of Stargate's compute might be made available to the National Science Foundation or Department of Energy researchers. tackling grand challenges providing academia access to frontier models without needing to build duplicate infrastructure what what do you think John because obviously people are going to dunk on this super hard but there there's you know people that are just not interested in AI don't think it's important don't think

show me the big tech company that doesn't want to work with the government yeah like it's a knockout dragout fight to win Project Maven to win cloud hosting contracts The government has data right now and the fight between whether that data is stored on AWS, Oracle, Google, Azure, like, that is a somewhat of a bidding war, but there are also all sorts of other lobbying efforts to win those contracts. It's the game on the field. I don't know. I feel like this is not asking for a backstop. This is also not asking for nationalization, although it is like somewhat predicted in 2027. It feels more like an advertisement for a sales product.

This feels like an SDR, being like, I'm ready to rock. Yeah, and I think even for taxpayers, do you want the government spending, like basically taking on the project themselves to build an end-to-end supercomputer and how good would the actual result be versus just saying, like, we need compute for these projects? Open AI, and all their messaging says we're compute-constrained and we're compute-constrained. If we brought on 10 times a compute, we'd use it in a few weeks. There's all these things that we can't do because we don't have enough compute. And so to also be messaging the government and saying, hey, we'd like you to invest

and effectively buy capacity for government researchers from our data centers, those things are, you can balance them, but it's a little bit hard to. Open AI sees 2026 as the year of AI in science, the moment when AI begins unlocking breakthroughs and scientific discovery, just as it sped up software development in 2025. More than seven and 10 Americans believe we need new innovations and solutions to challenges in scientific and medical research.

And they kind of go on kind of setting up, setting up the kind of ask. It feels like a crucible moment for science in that science was effectively successfully done at a private corporation. And if that's the trend, then, what is the government's role, what is the university's role. Maybe it should just be a race between Google and Open AI to actually cure cancer and obviously the other, you know, pharmaceutical companies

and all sorts of health companies. Why are you laughing? I'm laughing because Brandon Jacoby texted me and said, listening to the show while working out, the sheep sound almost made me drop a dumbbell on my head from laughing. It's a goat sound, Brandon. It's a goat sound. Obviously, it's a goat sound. I use that when someone is showing greatest of all time sort of behavior or general excellence. Charlemagne signed a five-year deal, $200 million extension with IHeartMedia, locking him in with the company after it struck a deal with Netflix to stream the Breakfast Club. Interesting. Forbes is writing a story here.

IHartMedia is paying Charlemagne 200. They say, hey, IHard Media, we have a deal with Netflix. We can't lose Charlemagne because the Brexie. has already been sold to Netflix. We got to have Charlemagne hosted because he's the talent. The article in how Charlemagne became a media god. I love it, because of course he's Charlemagne the God. On a chilly night in November radio personality, Charlemagne the God is roaming through the aisles of Midtown Comics in New York City, captivated by the heroes and villains that shaped his childhood escapism at the highest level. He says, everybody's here for a purpose.

Durast at a black peacoat, a white hoodie, black jeans, and tan Timberland boots. This is Isn't the media vigilante that listeners of the Breakfast Club have come to expect over the past 15 years? The 47-year-old comic book nerd leafing through original graphic novels of Batman, Superman, Wolverine. And one of his favorites, Luke Cage is more subdued and introspective as he considers his public and private personas. So, congratulations to Charlemagne. There's a robot that is solving Rubik's cubes in 0.1 seconds. That is so fast. Look at this.

Look at this. You can't even. Oh, it's in the slow-mo cam. Okay, watch this. And it's off. That's so crazy. That's insane. Think about that. Look, this is the super, super, super slow-mo view. Super-slo-mo view. Super, super-duper-slow. Point-1 seconds. Wow, it's doing, this is so fast. Wow, it's really doing it. I can do a Rubik's cube in around one minute. Can you do one? How fast can you do it? Let's cut to Tyler. My best ever, when I was like 12, it was, it was like 20 seconds. 20 seconds. 20 seconds. Yeah, you were a speed cube. Wow. Nerd alert, nerd alert, nerd alert. The no look.

Is that really? Yeah. Oh, yeah, he's got it. He's got it. He's got it. I used to be much better. I used to be much better. Did you want to talk about watches, Jordi?

I did. I did not know that Osama bin Laden was a Cassio guy. A Cassio guy. Couldn't. Apparently base. Couldn't get the RM. Base has a watch as well. Watch drop is cool.

I like a watch drop. We like a watch drop. Would you like to seize cartel assets as a privateer? This is a big opportunity for folks. I would allow the president to issue you a letter of mark. Time to take these pirates down. We did talk about... Did we create this?

We did say at the beginning of the year, we were highlighting the reward for Maduro very early before this whole Venezuela saga really kicked off. It definitely ramped up from the time we talked about the fact that the State Department was interested in bringing him in for questioning. Did you see this game on record? No. It's a body cam, first person.

Wait a minute. I believe this is not AI generated video. This is just incredible Unreal Engine footage. This looks so real. I don't believe it's crazy, but I think this is actually real. Now I believe, I thought this game went into... Beta and I thought people were playing this and I believe that even though it's Remarkably realistic looks so real it's it's like you look at that and you're like all this looks like the best game ever

This looks way better than call of duty In fact the modern gamer and really you or me like you don't actually want this level of realism because it makes a game really hard It makes a lot less fun like some people do they want great mechanics and then they're willing to suspend belief and say hey we're you know I'm gonna play something that's little cartoony, as long as the mechanics work. Jira Tickets was reacting to OpenAI, now aiming to raise $100 billion at an $830 billion valuation, and J.T. says, wow, new number just dropped. Congrats on the new number. Looks like it's bigger than the old number.

That's good. Can't wait to see the next number. I love the number business. That's really true. Good bit. Reality is life is a number business. It's all about make it go out forever. This is a good way to, I would say, wrap the year.

Here, Shrek hits the timeline to say some important words, check yourself before you Shrek yourself. You were just laughing about, you were just laughing yourself before the show and I asked you, what were you reading? And you said, well, Shrek said, check yourself before you shrek yourself. It's been a fantastic year, everyone. Thank you so much for all the support. Thank you for watching TBPN and engaging with us in all different ways. We really appreciate you and hope you have a fantastic holiday season.

Merry Christmas. Happy New Year. We'll see you in 2026. I can't believe, I can't believe this is, this is the last show of the year. What a year. Wow, thank you everyone. Totally surreal.

Surreal. And it's an honor, it's an honor to, to build this show with the team and with all of you in the audience. Gabe says one last gong. One last gong. One last gong for 2025. What a year. You pull up your pants.

He's got sweats on underneath. Don't worry. One last gong. Thank you very Christmas. Happy New Year. And we will see you in 2026. We love you. Goodbye. Have a fantastic New Year's

and all those holidays.