The Ben and Emil Show - BAES 163: WE WARNED YOU ABOUT THE SPACEX IPO.

Episode Date: July 30, 2026

Ben takes a victory lap for calling SPCX price action to a scarily accurate degree. All hail the new autist king! For bonus episodes, discord access, fan Q&A, merch, Ben's monthly playlist, and to support the show: https://benandemilshow.com/ The Chase Sapphire 100,000 point bonus is here! https://www.thecreditcardlist.com Give this video a thumbs up if you enjoyed it! And please leave us a comment! It helps us! For all you audio freaks: Spotify: https://open.spotify.com/show/7M0vN85aGO0zdh62hyg03I Apple: https://podcasts.apple.com/us/podcast/the-ben-and-emil-show/id1693270208 Amazon: https://music.amazon.com/podcasts/51280f1b-2fbd-4ea9-bdde-e96f70b5b1ae/the-ben-and-emil-show iHeart: https://www.iheart.com/podcast/269-the-ben-and-emil-show-117763570/ Follow us! TikTok - https://tiktok.com/@thebenandemilshow Instagram - https://instagram.com/benandemilshow Twitter - https://x.com/benandemilshow Ben - https://instagram.com/bencahn Emil - https://instagram.com/emilderosa https://www.youtube.com/emilderosa https://substack.com/@emilderosa Our newest acid video is out now so check it out! https://youtu.be/7vkFY3f5kkw Some other videos of ours you may enjoy: https://youtu.be/qX4pks0ASq8 https://youtu.be/_VOVxt3ZtIE https://youtu.be/5wsoc5pieuA https://youtu.be/dTbEk0pVh2w https://youtu.be/yGSs56bFzRU https://youtu.be/cIHWkY35cuc https://youtu.be/zBvVGHZBpMw https://youtu.be/1ZUWTkWV_MM https://youtu.be/_cM1XqA9n2U Chapters: 00:00 Intro and Uncles 06:34 SPCX stock talk 15:51 GLD Ad 17:54 Shorting Elon 21:00 Inventing future companies 30:25 Decagon Ad 32:10 Predictions, Bullshit experience 46:30 MUDWTR Ad 48:22 Sam Altman's genie, the sandbox 1:03:00 NVDA Coalition, make all AI psychotic __ GLD: New customers get 40% off with code BAES at https://gld.com. #ad DECAGON: Ready to transform your customer support? Go to https://decagon.ai/BAES to get a personalized demo and see what Decagon can do for your team. MUD/WTR: Start your new morning ritual & get up to 43% off your @MUDWTR with code BAES at https://mudwtr.com/BAES ! #mudwtrpod Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Please play responsibly. God bless SpaceX. God bless Elon. We hope he succeeds. Wait, before we move on, are you going to... Go ahead. Are you interested in buying? No.

Very much no. Who cares that it's a $2 trillion valuation? They're taking us all for buffoons, dumping this on an unknowing retail crowd. It's as bloated as I felt the other night, man, when I had so much damn Italian food and then ice cream and there's so much crap. You really got to dig down in some poop. poopoo doodoo to get to the like maybe little diamond.

He's literally promising the moon. He's quite literally promising the moon. And this is exit liquidity for himself, for the banks that he's in bed with, tons of insiders. And we are all in one way or another part of that exit liquidity. And yeah, then it bounced for a couple days. And since then it has just been on a slow bleed. Not very good Which has been fun to watch

It's been very fun to watch Every day Every day I just Google SpaceX stock And I go Nice What's going on? What's going on?

Ladies and Germs Uh Doe do Doe do do Doe Uh Take that Take that men

What I said take that men Yeah take that men This is the ladies Epis episode Scum This is an episode For the ladies out there

Um I'm Ben, that's a meal. This week we are talking about how right we were about SpaceX. SpaceX is walking around with a poopy diaper. I'm even, here's the thing, though. I'm nervous to even dance on their grave because I don't want to jinx it. And then I don't want anything nice to happen to this man, but it's... It did bounce today.

I know. Usually, I will say, when there is... What's it at now? 115? 116.41. When there is enough chatter and enough people rejoicing in and gloating like we are about to and lamenting how a stock has dropped this much and it's like mainstream, you know, a bottom is near. A tradable bottom. I mean, if you Google SpaceX stock, you'll probably get, you'll probably get some things in your feed that say like, is it now the time to buy? Has it gone down enough? Have we? here do the uh do the two or the one day chart the intraday yeah the one d yeah see we got a nice

bounce today i almost was that 107 yeah hit hit a low of 107 um hit the five day let's see what the five day we should start using a different charting thing but yeah look at that look at that bounce big old bounce bounce bounce um we're gonna be talking all about that check in on your uncles check in on your uncles oh man that guy got that got My uncle bought some of this. Oh, Babu. And the couple at the wedding, the old boomer couple, and they were like, we only bought one share.

And I'm like, why the fuck would you do that? Yeah. This guy was Scottish. Really cool guy. Or Irish. Irish, yeah. So we're going to be talking all about some people who lost a ton of money. We got some great shit on there. Some major losers.

Some SpaceX updates. Some Tesla updates. Some Elon Musk updates. Some boring. company updates. Not boring, but boring. Yeah. And of course, some open AI breach updates. It's a really big, it's a class. They're saying it's a classic Ben and Emile episode. This one's classic as hell. There's so much shit going on. Yeah. We're squeezing it all in. We're squeezing it all in. Also, uh, Q&A, we're going to be doing the Q&A and the bonus or after the bonus today. Uh, if you missed out, sucks to be you. But go to Ben and Emile Show.com and we post the phone number once a month. You can call in. Also, the Chase. Sapphire thing is over. Yeah, by the time you see this. By the time you see this, if you snost, you lost.

That's true. If you snooze, you lose. The Amex Gold Platinum card, or sorry, the Amex Gold Personal, the Amex Gold Personal card. 100,000 points right now? I have no idea what the bonuses. But I just realized, I just found out that you get, it pays for your Uber 1 subscription. You get, if you get an annual, you got to link it to your Uber 1 account, which is really, or your Uber account. I'm doing that for a while.

No, you're talking about the Uber cash credit that you get each month. Oh, yeah, you would get like $10 a month. You still do. Yeah, yeah. So not only am I getting $10 a month, but I just got Uber One and I signed up for the annual, which is $96. It immediately gives you a credit statement, a statement credit. Interesting.

Yeah. And Uber one's the thing where you get like the cheaper rides. I don't know, man. You just get one Uber. You just get one. Use it wisely. It's a gold-plated Uber, a guy covered in gold. But that's in our link tree and our social media and also credit card list.

So check that shit out. And we're going to be doing, again, we're going to be doing videos on all that, all that credit card stuff soon. Shifting gears. That's really, that's really shift here. Space exploration company. You know, I got to say, say it if you got to. It is really cool seeing the rockets blast off here in L.A. Because you can see it.

They launched from Bannonburg. And sometimes it leaves that weird thing in the sky and everyone goes, what the hell is that? Yeah. It blows my mind. However, there's still people posting on the, like, Los Angeles subreddit going, Isisor a UFO. It's like, no, no. I'm okay with it.

The first time I saw it freaked me out, it was years ago. I do think it was with the program, but if you're not paying attention. How are there still people like that who aren't looking at the sky and seeing that shit? And even then, they're that, are they that tuned out that they have no idea? God bless them. Yeah. Why, Connor, you one of them? Everyone finds out in their own time.

That's true. Yeah. Like Santa Claus or the Tooth Fairy. I'm still waiting to learn the truth about both of them. I'm not saying anything. Okay. Good. Good. I'm waiting to see how it shakes out. Don't spoil it for me. So SpaceX, we famously talked about how it was a big heaping pile of shit. And it's down 50% from the June peak. It hit $225.00. It had $225. It had, three big-ass days.

And it IPOed at what? It opened at 150. Okay. But the IPO price, it was priced at like 135. Yeah. And so it is now, I mean, as of today, it's not this much. It was at its lowest point, 18% below the $135 IPO price. And yeah, it popped up three big days and then immediately erased it the subsequent three days,

which was really fun. What do you think it counts for that? People just get excited right off the bat so people are by. buying it up and then people come back to Earth and they're like, what the fuck? What am I doing? People are on dolphin mode because they do be flipping, flippers. And now no one wants it. Yeah. And keep in mind, remember that the float, aka the amount of shares out there, out of the total amount of SpaceX shares, only 5% have been tradable. That means that there is very, very little supply. So when there is high demand, it is very easy for things to go

drastically, dramatically in either direction. And yeah, then it bounds. for a couple days, and since then, it has just been on a slow bleed. Not very good. Which has been fun to watch. It's been very fun to watch. Every day. Every day, I just Google SpaceX stock and I go. Nice.

In fact, in the entire month of July, one, two, three, four, only five green days for the entire month of July so far. And we are almost done. Those poor idiots. And Elon Musk, what? I mean, yeah, I don't know. That's the thing. There wasn't a lot of people sounding the alarm bells about the, you know, we did, I think, multiple episodes about just how fucking crazy the, uh, and we brought receipts. Yeah.

We brought our receipts. Psycho. Um, and I, I, my friend Larry had asked me, shout out to Larry if he's listening. He'd asked me if he should buy some and or his mom. His mom really wanted to buy some. I said, don't do it, man. Don't do it. Have your mom do it.

Yeah, have your mom do it. He said, isn't it possible that it just goes nuts? And I said, yeah, it's possible, but it's also much more likely that it'll go nuts first and then just fucking tank. That's where I get the, like, reluctance to be, like, these poor idiots. Because, like... Yeah. Greed. Even me, I have that, like, small sense of, like, it's going to be another thing you fucking mess out on.

FOMO. Mm-hmm. I mean, we live in the stupidest economy. Mm-hmm. And you're like, yeah, everyone's going to be like, I became a millionaire up the SpaceX IPO. And I'm going to be like, but it was so dumb. And they're going to be like, you're an idiot.

Yeah. So this feels very good. Well, on day two and three, Larry texted me and was like, dang, I sure wish I had bought some. And I was like, dude, just give it a few days. And then when it came back down, he was like, no, I'm glad I didn't buy any. I was like, yeah. And now, you know, I'm not one to gloat and text him and be like,

aren't you glad you listen to me now? I mean, that's like a perfect example of why people shouldn't, like, amateurs shouldn't get involved with this type of thing because you look at it for a couple days. There was a moment where I... Unless you're my uncle. When the Houthis announced that they were closing the Red Sea, I was like, I should buy a bunch of whatever it's called, like B&O.

It tracks like the Brent crude or something. I was like, I should buy a... Oil futures? Yeah. And then oil shot up, but I didn't do it. I was like, I'm too much of a pussy. Oil shoots up and I was like, see, I fucking knew it. And now it's back down again.

And I'm like, you know, I should just stay the fuck away from this shit. Because it's why I never touch futures or oil. It's just too. But literally everything is, I mean, this is a whole other thing. But just the oil, literally whatever, that other Saudi Aramco refinery is like on fire. It's actually good. It's a good thing. It shows that the oil's working. Literally, every market is like completely disconnected from reality.

So I'm like, I should just stay the fuck away from the ship because what? None of this is real. No, it shows us that oil is real. There's actually oil there. You can set it on fire and back. Yeah, it's not water in there. Speaking of money, Elon Musk was briefly a trillionaire. Poor guy was a trillionaire for 12 days and worth a peak of $1.3 trillion dollars.

And he has since lost $600 billion. dollars in net worth in about one month or the largest in history. And he had this to tweet, a former trillionaire, he wrote on Twitter. And I like this. So the first response, the first reply is current ass clown. I like this one. Stock twits actually with the with off the top rope. Looks like SpaceX ate the Taco Bell lettuce. And they did, did you see that? Look at the chart. I know. I mean... Well, that's, I think, what is that? That's not the weekly chart.

That's got to be like the five-minute... Scroll down a little more? What does it show? Oh, it doesn't even show the time frame. Yeah, I think that might be hourly. No, it can't be... It says 1W, but that's not weekly... Weekly, because there have not been that many weeks that it's been trading.

Yeah, but it goes all the way up to the... Look, the top prices... 225. I think that's got to be either the 30-minute chart. Yeah, it's probably the 30-minute chart or the 15-minute. God, I just... I fucking love this guy. I love Elon Musk.

He's one of our coolest guys. He's so, he's one of our best guys. He's so epic. I can't wait to live, to die on Mars. I mean, like, but what are the, are there any functional consequences to what's happened to him here? Okay, so he like erased $600 billion. On paper. Fastest ever.

And the most ever. Most ever. Who cares for him, if you're him? Yeah. Well, according to him. him, money, I mean, we'll get to it, but money's not going to exist in like 10 years. But I wanted to take a moment to tip my hat and pour out some of my 40 here. Let's click that Elon has ruined me, that first link.

You've got to love these Wall Street vets guys. This is from Fun paleontologist, whose post just said, Elon has ruined me. He was supposed to take us to Mars and burned shortsellers, still holding 73.3,000. 300 shares. And he's got this account screenshot showing that he's down. He's Canadian. Down $454,000. You got to read that beautiful last line.

Please, Elon, fly again. See, these guys were late to the game. They saw the short squeeze in Tesla and thought that it would repeat itself. Also, he had multiple. When was he? Is that the price he was buying it? It looks like he put in limit orders and it was filling in 100 share lots. and oh, maybe he booked him because it shows that he sold.

I think he booked the, yeah, he must have booked the loss. Yeah, kudos to this guy. He bought it high and sold it low, which is not what you're supposed to do. Oh, yeah, it looks like he started buying it at an average price of $202. Good Lord. Someone told me it would be 300 by now. Yeah. You got fleeced, my man.

See, what worked about Tesla is at the time it was only like $100 billion market cap, which still is fucking way too high. But as other people have said, the only winning move with Elon Musk companies is not to play at this point. You can't touch it. There's no... Oh, I mean, that was right. I mean, what were they IPOing at? Like close to $2 trillion? Yeah.

Yeah, you kind of missed it at that point, my guy. Yeah, brother. another guy lost 20 grand. Let's see what this guy said. I love it. Down 200 grand. Down 200 grand on SpaceX or negative 35% on my Roth IRA. Oh, my God. Another $80,000 loss via options in my regular trading account. I mean, there's just no... This is gambling, brother. You're gambling. I don't know why you're doing that. flying to a SpaceX tweet. Scroll down now, he says,

it sure would be cool if this stops crashing, 30% short interest and down 40% on the month. I believed in you and lost over 20 grand in a month. I really hope that it comes back. This is somewhat encouraging in the sense that... That's who you're trading against. Well, but also what happens when... Because obviously, I mean,

it's no secret that we think that the Elon fanboy thing is deranged and these people... like, you know, the sycophantic replies, you see, it's crazy. But what happens when you remove the fact that he's made a lot of these guys money? And now he's pissed them off because he's lost them a lot of money? I'm curious if that changes the cult of Elon. Hey, guys, we got to take a quick break to talk about a little bit of fashion. It's GLD, baby.

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That's 40% off with code Bayes at glde.com. After you purchase, they will ask you where you heard about them. Please support our show and tell them our show sent you. It's time to lock in and upgrade your style this summer with GLD. I think it could. That's a great. I mean, I put in the notes here that I wish I could short Elon himself. I wish I could bet again. I mean, you can technically through SpaceX and through Tesla. Which I think you kind of all. are like, you know, that was the whole thing leading up to the SpaceX IPO. People were saying, you're just buying Elon. Like, there's no, the fundamental is not here. There's, there's not a good investment. But if you fundamentally believe in Elon, here's your way to do it. And I, when his net worth was up that high, I just remember thinking, I just know in a year's time, he's going to plummet back down to maybe even number two as SpaceX, just all the air comes out of SpaceX. Number two richest guy. Number two richest guy and maybe even lower than that.

As SpaceX drops and then by proxy, people start to lose faith in Tesla too, which I think is already starting. Also, isn't there this theory that, like, I've seen it floated that he's going to also try to absorb Tesla into the whole SpaceX vault? That is, that is, yeah, especially because Tesla has the TerraFab that they're working on and we'll get to that in the Tesla earnings. because yeah obviously SpaceX has X-A-I which is more conducive to the TerraFab than Tesla is it's a couple tweets here

so Elon himself is saying I said SpaceX will be worth more than Earth if we achieve our goals obviously true well obviously dude of course it'll be worth more than Earth how do you put a price tag on Earth though leave it to Elon Musk to put a fucking price tag on it

if we achieve our goals it's like yeah okay fine If you if you guys achieve your goals of, you know, the short rocket trip so I can just instantly get to Tokyo. Okay. Sure. Overcoming the incredible G-forces that grandma will have to endure to do that. Not to mention the $500,000 price tag that will come with it. Yeah, mining for fucking diamonds and gold on asteroids and shit, whatever.

And this Dick Rider, for lack of a better term, oh, he's French too. Breville le program Progum Breiviel says The guy's shorting SpaceX right now Went to Harvard, Wharton, and Stanford Already we know

that they're coming after The elites The elite institutions Half a million dollars In tuition, perfect resumes. He's already created just like a specter

of what he envisions these short sellers when in reality the majority of them are guys like me who are just fucking short in stock. Yeah, and they're on Reddit being like, Fuck you.

They're not Excel models tapping through Excel. Yeah. Excel models with 40 tabs and a capacity for foresight

strictly equal to zero. Today, Elon responded to them in one sentence. I said SpaceX would be worth more than Earth if we achieve our goals.

The entire, oh my God, this is like a fan fiction. The entire Ivy League snickered. Because it is fan fiction. These are all like divorced guys who are like,

you know, constantly being nagged at like for, uh, child support and stuff, and they're like, no one believes in me. Elon embodies my spirit. He understands.

No one ran the numbers. Normal? 15 years of studies to learn how to give the expected answer. Not to imagine the one that doesn't exist yet. So I'll do it for them for free. Five weeks after the biggest IPO in history, the stock is dipped below its offering price, 30% from the peak at 2.6 trillion

that briefly surpassed Microsoft and Amazon. The short sellers pocketed 8.7 billion and pat themselves on the back on Bloomberg. The graduates celebrate their six-week victory on a 20-year bet. Me, I buy your bags on every tip. Oh, my God. More than Earth, then. More than the $600 trillion of material wealth accumulated by humanity since Sumer.

I think he means summer. Starting points. I think he means the ancient civilization Sumer. Oh, whoops. Well, I didn't go to fucking Wharton, dude. I don't know. I mean, that's my guess. I don't think he means in summer.

then he just gives some fucking napkin math. He's talking about Dyson Energy, whatever the fuck. He's making... What is he even talking about, dude? He's truly making up stuff. Helios compute. Aries, terraforming, psych metals.

Atlas, robotics, crystalline, perfect semiconductors. Vulcan shipyards. What the fuck is this? Sares... Von Braun. Ice mining and orbital gas station. Von Braun Resorts. Orville, then looter hotels.

Prometheus shielding. Habitat's radiation protection, life support, $2 trillion valuation. Orbital Express, inter-orbit logistics. The FedEx of the void, $2 trillion. This is crazy. Oh, well, you need space traffic control, dude. Kessler Solutions.

Studio Zero G, the first orbital Hollywood. Cinema and sports and zero gravity. $1 trillion. So a total with all these. completely made up companies that'll be around in 2045, $106 trillion in market cap. Now, the market historically pays four to five times revenue for growth. So these evaluations imply a space GDP of $20 to $25 trillion for a year. And now the part Wall Street refuses to understand.

SpaceX won't compete with any of these made up 20 companies. SpaceX is their landlord. Holy shit, dude. And it continues, which brings us on back to the real question. Why is a Wharton grad incapable of following a reasoning that fits on a restaurant napkin? Oh, my God, dude. He just goes on and on. Oh, there we go, there we go.

Here, scroll up, scroll up. I'm going to see the last part that he said. Result, Wall Street prices SpaceX as a launch company plus Starlink, exactly like pricing the internet in 1995 on the fax market. The 2% of school mill survivors buy the dip. The other 98% snicker. Just like they snickered at booster landings, Tesla Starlink, and this IPO five weeks ago,

around 2031, a human will walk on Mars and a live stream watched by 5 billion people. 2031? That day, the only degree that will matter is having been right before everyone else. Until then, I keep buying your bags. optimism is always undervalued divergent thinking too

I accumulate both boy did a did a Stanford grad fuck this guy's wife God almighty and then Elon Musk replied to this fucking French clown

and said the survival probability of firms who maintain a significant short position in SpaceX over time is very low he's gotta feed

the he's got to feed the musk heads I'm just I'm just shocked Elon Musk can't look around and be like hmm the only ones who have

have my back right now are people tweeting from insane institutions or insane asylums. Yeah. Wait, scroll up. I want to see where he started that whole... Have you considered Zero G. Hollywood? And I love the arbitrary valuations. Two trillion.

One trillion. Orbital Express. Yeah, like, why not? Keep going. Keep going. Let's see where it starts. New Olympus, Martian real estate. Oh my God, dude. Keep going. Keep going. Where does it start? It's 20 iconic companies of 2045. None exist yet. Your kids will find them as obvious as Apple or Amazon. God, I can't wait. I need to write these down and give them to my kid.

Psyche metals. Psyche metals. Buy aries terraforming. Whatever you do. Well, what about Celine Fusion, lunar helium 3 for Earth reactors? That's a $7 trillion company. Come on. Nothing to sneeze at. These are cool names for sure. I like the interplanetary laser network known as Solnet, the internet of the solar system. It's $4 trillion. right there. That seems low valued for the interplanetary laser network internet. He had AI make these up, right?

Like he went to chat TV or something. It was like, can you make me 20 companies that are probably going to exist because of SpaceX now? How did we miss orbital organs printing human organs in microgravity? The end of transplant waiting lists. Four trillion dollar valuation right there, dude. You think it'd be worth more than that. This guy might be underselling this a little bit. Honestly.

Look at that star line point to point transport. Transport Paris to Tokyo in 40 minutes. Well, and you got to have insurance. at the bottom there, astral assurance, the Lloyds of Space, trillion dollars. Christ almighty, dude. So, anyway. And you totaled that all up,

and it's cool, $106 trillion. And SpaceX is going to blow that out of the water. Let me just tell you. It's a steel. It's a steel. So at these prices, you're a fucking moron if you're not buying SpaceX here.

He's going to keep buying those bags, though, baby. Yeah, because he's buying the bags and your pessimism, because he's going to turn it into optimism. Good Lord. SpaceX just announced that they're going to report their earnings on August 4th. And it's probably going to go down. Well, that's the thing.

Everybody's expecting it to go down on earnings. Which means if everybody's expecting it to, it's probably going to bounce, actually. But also right around the same time. Two days later, on August 6th, 911 million shares or about 20% of the SpaceX stock is going to be eligible to be sold. and if you're a SpaceX employee and that will be insiders, right? Yes. Yes.

If you have already seen your net worth on paper skyrocket and then subsequently get cut in half, are you going to hold on or are you going to fucking click that sell button as soon as you can? Odysseus listening to the sirens meme watching SpaceX go down

and you just can't sell. Yeah. Oh my God, man. And an additional 10% could be freed up if it closes at least 30% above the IPO price for five of the 10 trading days heading into August 4th. So I don't think that's going to happen. Why? That's just baked in there. If the stock performs decently, then even more will be able to be

released. Yeah. So if, if, yeah, it's got to get above 1. 135, well, 30% above that, actually, it's not going to happen. So that additional 10% of shares isn't going to come out. and Elon and other insiders are locked up on their shares until mid next year. Good Lord. So the big thing, though, was SpaceX this last week was they had this starship launch and it had a bunch of issues that they had to keep delaying. And I will say, it's fucking... Yeah, but it was eventually successful, right?

Yes. Yeah. Watching this thing launch is fucking wild. because it is the biggest rocket ever built and it's remarkable to see and I would love to see it in person but yeah this is it splashing down they've got insane camera angles and stuff

go ahead flight we did do you heard our landing Larche flight controller call out we were doing this swoosh maneuver this is kind of the final maneuver that we plan to have starships return it's insane that this guy's just a multi-millioner the guy talking right now

essentially hook them out over the Gulf before coming in. If this crashes, it doesn't affect me whatsoever. I'm still a rich guy. About 10 seconds away. But this is, I mean, these people You know, doing all this stuff are probably some of the smartest people in the world.

Oh, of course. They deserve their money. Yes. It's just they work for a fucking asshole. Yeah. Like. I'm able to separate the art from the artists. I mean, sure.

Like, it's spectacular. There's a lot of incredibly smart. extremely talented engineers who are making cool shit happen and it just looks cool I mean I love the way the thing looks I love hearing all the SpaceX people cheer

it's got to feel so cool to witness your years of blood sweat and tears I don't understand it it landed on like a are there rocks right there like what is it What is it, or is it just floating on the surface?

No, yeah, I think it's just on water. Oh, interesting. Oh, that's what I thought. I don't know. Yeah. I thought it was landing on like a barge or something. Anyway, hey guys, we want to take a quick break to talk to all you small business owners out there. You know, if you've been looking into using AI for customer support, you've probably noticed that most existing solutions are just kind of off the shelf and don't quite fit your company's needs. or maybe it's a great custom solution, but it takes forever to launch. Decagon gives you the best of both worlds. Decagon helps companies create personalized, concierge-style customer experiences with AI agents across chat, email, voice, and SMS.

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Ready to transform your customer support? Go to Decagon.a.ai slash Baze to get a personalized demo and see what Decagon can do for your team. Check Decagon out at Decagon. com.com.com.com.com. A.I. slash, Baze. Wait, can you give me some kind of prediction what we're looking at after August 4th and after August 6th of what you think the price might look like? I think that it might. Obviously, that's really hard to say.

I think that it'll get a brief podcast. back above the IPO price. Oh, shit. Yeah, I mean, that's only 20 points away from here. Oh, the bright fire at the end is the exhaust plume from Starship's three Raptor engines during the landing burn and soft splash down in the Indian Ocean. It flipped, throttled the methylox engines to slow down, hit the water gently, and kept the flames visible from...

Oh, interesting. State operational. Apparently, the big problem is that their ceramic tiles are woefully outdated and will not survive multiple re-entry things. So they're going to have to figure that out. And I mentioned that because Starship is like the key to SpaceX's biggest ambitions with putting people in orbit and all sorts of shit. Orbital Hollywood, etc. Orbital Hollywood.

Space insurance. Space insurance. Space internet. Space tourism. Yeah. You name it. Manufacturing. Yeah.

God. Did we, did we explain what that was as we were reading it that this guy was just making up companies? I think so. Okay. good. I hope we did. I hope people understood what that was. Anyway, I predict that it'll probably see a bounce because it's currently so heavily shorted and hated that, you know, some of these short sellers are probably overstaying their welcome a little bit. And because it's such a binary outcome that everybody is essentially betting, oh, there's no way it's going to bounce or do well,

it might just have a relief rally. And there's got to be a few people who have been like, you know, I sat this out because it felt over, overpriced, and now a lot of the airs come out, and I feel like maybe it's a good time to get them. And you get shorts covering. They've got to buy back the stock to close out their positions. But yeah, I think that thereafter, it's just going to be, if you were to pull up a chart on Rivian, for example, that's essentially what you're looking. That's what your future looks like. So you think after August 6th, we're looking even lower than 107? Yeah, 911 million. An entire.

that's quadrupling the amount of shares that are currently out there. And I don't think that there's enough, obviously with only 5% out there, there's not enough buying to absorb it all. So shit, look out below if you're, it's a fire sale and, or it's a flaming building and people are going to be running for the exits, rather. And I think that, like you said, as the stock goes lower, so too, it'll hopefully, I think will become a, flywheel. People are starting to wake, even the longest term Tesla, Elon fanboy bulls are starting to say he's kind of full of shit. He's too much of a polarizing figure. It's putting his reputation and thereby putting his companies in jeopardy. He's not even like good at being full of shit anymore. You know what I mean? Like it's, we've talked about it how he like

clearly lacks that charisma. But I feel like when you want to keep something like this going. We're going to talk about that economist interview, but just watching him, you're like, it's incredible that he's been able to pull this off with no juice. Yeah. You know, watching someone like Trump, it's fascinating because he's just able to lie through his teeth and, and like give marching orders to basically his base. You know, when they're asking him about, there's that clip of him on on Air Force One, asking him about the depleted, um, depleted, um, depleted, um, depleted weapon supply in Iran and everything. And he's just like so quickly moving through like, that was Biden because he gave it

all to, to Ukraine and like, we're still dealing with Obama and I, I actually built the greatest supply we've ever had. And then he's fucking Neo with Agent Smith. True. And then you just see like, you know, one measly economist, journalist be like, uh, do you hate Muslims? And he's like, just short circuits for like 40 seconds and then it's like, I hate... Rape and murder. Rape and murder.

It's like, dude, what are you? If someone asked Trump that, he'd be like, do I hit them? I love them. They love me. I've done phenomenal with them. I love the community. I love the food. Because Trump has had 50 years of bullshitting experience. I don't, dude. No, you can't... And he believes he's just... He's not...

Elon Musk is too self-aware and too altrued. and cares too much about what other people think. Yeah. To be able to bullshit with the same finesse. I don't think there's enough. And he's not funny. Yeah. He can't get the experience.

It's like he's stuck like this. Ugh. Well, speaking of stupid bullshit, Tesla had earnings. They were very bad. And I'm really pissed off, folks, because I was actively betting against Tesla. I was shorting them. And I covered my shorts. two weeks ago.

And I would have made a lot of money. And instead, I lost a little bit of money. So Elon's probably, you know, good, good, masterful gambit, sir. Masterful. God damn it. Yeah, the stock plummeted. Let's see. Basically, I was betting on it to be below $350 a share.

And the day after earnings, it dropped to $3.16. and my dumb ass would have laughed all the way to the bank, but I didn't. I was, let's see. That was, yeah, currently it's at 307, yeah. And that day, after earnings, it was down 14.5%. The air's starting to come out, because this thing is still worth fucking, how much?

$1.187 trillion. People are wising up, man. They know that it's not, it's just a fucking farce. It's just a joke. It really fell off a cliff. They beat on revenue somehow, but their CAPX is up 142%. So they are spending way too much money. Oh, interesting, that shows that the market cap is $963 billion.

My data must be wrong. What were you going to say? Well, they got to build the robots. They got to build the Optimus robots. They're going to be... I think you can now pre-order them. I think you can on their website. let's see which is like another i mean that's that's not a sign that they're anywhere close to coming

out yeah uh oh no this is careers damn i thought you could i thought you could actually buy them because i'm pretty sure there have been multiple pre-orders on products that never came to oh yeah the tesler the roadster oh the roadster yeah uh the the um the uh what do you call it the fucking megatruck or whatever the the 18 wheeler was there pre-orders on that Well, for like big companies. Oh, okay. Yeah. I've seen a couple on the road.

And yeah, they're actively hiring for, for optimists, but it's just such a, it reminds me of, it reminds me of Mark Zuckerberg just like being like a dog and just, oh, we're going to do this now. Oh, Metaverse? Yeah, we're going to do that. That's going to be huge. That's going to be huge. And he's doing the same shit. He's like, hey, we're going to do AI.

We're going to do chips. We're going to do robots. Cybercabs. Cyber what? Cabs. Cybercabs? We're going to do everything. Which those are supposed to ship at under $30,000 anytime now.

Jason Calacanis tweeted that he wants to own a fleet of them. I bet he does. Buy him, dude. Let me take a ride in them and I won't poop in them. I swear to God I won't. And the boring company is back. Remember the tunnels? Someone's got to build these tunnels under Nashville and wherever the hell they're putting in. It's Nashville and Dubai.

Dubai. Have had it. Dubai is the perfect place for it to be. Yeah. Vegas is another one where it's like a perfect place to be because they are, um, their novelties. It's like,

do you want to go drive around the, the Tesla loop? It's like, I guess. Is that, is that what you do in this weird city? Hmm. Dubai is what I say when I'm pissed off at a homie and I,

I got a piece out. Dude. Bye. Nice. Bye, dude. Um, yeah,

they're raising a $4 billion dollars at a 20 billion. billion dollar valuation. How? Don't know. That's up from a $5.7 billion valuation in 2022. Seems like they've only been digging since then. Look at how many holes we've dug. It's, I mean, I just kind of glossed over this when I was putting in the notes that they're raising at a $20 billion dollar valuation.

That's fucking insane. Why not? How much, they don't eat, what revenues are they, they're not even making, they're literally just losing money digging these damn ass holes God it's I mean where does the revenue come from

is it all just cities getting a contract with the boring company to be like yeah come build holes well you can you can ride around the loop in Vegas for 20 minutes toll on there probably I need to know if there's a toll on the while you're looking that up

they apparently they violated environmental regulations in Las Vegas 800 times. Of course. But we all know that environmental regulations are gay and fake. Whoa. And what? And it's based actually to

violate them. What? Yeah. I mean, it costs $4.25 for a single ride going to. $4.00? Yeah. Brother, just make it $4.20. You can buy a day pass for $12.50. And what is that? You just get to hop in a car? Use it as much as you want. What if... That a guy drives? It's just a spectacle. It doesn't make...

Oh, my God. You know what? It's his money. Let him do what he wants. Let him do what he fucking wants. All right, let's play some of the... It's money. It's more expensive than a traditional subway.

Sure. We're going to come into your city, make a worse subway, and it's more expensive. Yeah. But it's for $20, which is funny, because it's the weed number. Plus five cents.

But, all right, so he did this fucking interview with the economist, and I liked this part because he was asked, he's making his grand, predictions about the future. And let's just go ahead and play the clip. Well, what do you want money for? You want money for goods and services, right? You want money for obviously food, housing, transport, entertainment. Well, if that is so abundant that there's more,

that the robots and AI are providing more goods and services than any human could possibly consume, what do you need money for in that case? You're creating these robots. I guess between now and then you'll need money, sure. Can you pause it for one second? It's so frustrating because it always rests on his insane

prediction coming through. You're arguing with someone, like, it's the same thing with that tweet where he was like, if we reach all of our goals, these people are fucked. It's like, well, those are insane goals. It's not going to happen. So he starts, the premise is, okay, if we have robots doing all this stuff, you won't need money. It's like, okay, are you able to do that? How can I argue?

What happened with, what happened? Why would we, why would you boast SpaceX being worth more than Earth if it's, if it's a moot point? Right. It's not going to be worth anything then, technically. Go on. These robots, are you selling humanoid robots, or are you producing goods and services with the humanoid robots? that you control? I think you the Levi Strauss.

I think I would probably be, it would be an exercise in vanity for me to think that I would be controlling the super genius AI that is vastly smarter than me. I think what we can and should try to do is to make sure that the AI has good values

that it cares about humanity. It's got to be best. It wants us to be happy and prosper. I think it probably will be. What my biological neural net tells me is that the most important thing for AI safety is to be maximally truth-seeking. Is he calling his brain his biological neural net?

If that's the case. Is that what he's saying? He said my biological neural net. Remember the era like five, six? What my biological neural net tells me? Yeah. Remember when everybody would just fucking cream? themselves when he would take like 10 seconds to respond to a question and they would go,

he's computing. His biological neural net is firing right now. Yeah. Oh my God, dude. His RAM is so maxed out right now. His processor is just like overheating. Someone get him some water. Me.

Oh, geez. That's a good little meme. Do you mind if I just check with my biological neural net real quick? Yeah. So, okay, if in 10 years your shit's going to be worthless, why don't you, why don't you, not put your money where your mouth is and like pledge your wealth or something like that or or um start giving it away dude well he needs it right now to get us there yeah that's right that's right he needs to use it to get us there but then once he gets us there you're all going to be so happy with him

because in 10 years you won't even need money okay well because the robots are just going to be goods and services will be so abundant yeah it'll be so abundant man like how abundant these goods and services are be getting sucked off i'll be getting hand-fed chicken and grapes i don't know why those two things. Chicken and grapes. He's walking the dog, picking up the poop. And cooking and cleaning. And also everybody lives in a mansion. And there will be no more war and no more

want. Because we don't have to fight over goods and services. Yeah. They're so abundant. I can't wait. Hey, everybody. We want to take one last quick break to talk about you and coffee. You know, are you one of those people who loves coffee like me, like old Benny Boy here? You love the taste. You love the smell. The whole ritual. Hmm. But caffeine might send you straight into an anxiety spiral.

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They'll ask you how you found them. Please show your support and let them know we sent you. So God bless Elon Musk. Honestly, I just ran it through my biological neural net and it makes sense to me. It does make sense. I mean, I like how he did concede. He's like, well, I guess, yeah, we'll need a little bit of money to buy the robots. But it's like, oh, okay.

So we still will have a functioning economy based on money and dollars and stuff, right? Well, yeah. Not when you think about how abundant the goods and services will be. And so long as the AI is doing, you know, what, what humanity wants and, like, is maximizing everyone's peace and prosperity. Who's peace and prosperity? Because people have differing definitions of peace and prosperity, sir. Also, you're changing your own model every time it, like. Gives an answer you don't like.

Right. Oh, not based. Crank up the base. Did you see, like, someone vetted a picture of him shirtless where his chest looks and saying? and ask Grock, like, what's wrong? Why does it look like this? Oh, yeah, and it was like,

well, that's actually not being barrel chusted. That's usually from lung conditions. Elon Musk is healthy. This is an athletic build. And it's like, dude, you clearly went in to your own model to make sure everyone's like, wow, Elon Musk is just our top athlete.

Well, it's free speech, dude. He is free to change the speech of his AI model. Sure. All right. Well, now that we're done talking about that fucking clown. AI. We haven't talked about Elon in a long time. No.

It's been nice. Kudos to you guys. I mean, we really, we really got away with it. You know what has helped is just having him muted on Twitter. Oh,

that man's been muted for me for me for like a year for me now. It's been a while. I don't give a flying fuck. Fucks are flying there. I'm not even paying attention. Well, I will be checking in on that, uh,

that stock price going forward. Oh, yeah. I'm quite curious. Um, speaking of, of, um,

omnipotent robots and AI. Sam Altman was just, Ed Zichron retweeted it today. Of the genie? Yeah, Sam Altman basically saying, well, I think that it's going to basically make it so that it'll fulfill whatever wish you have. So it'll be just like this wish fulfillment thing. I wish for goods and services to be abundant. Yeah.

Your wish is granted. Wow, that's a great wish. God, I fucking his voice, dude. I fucking hate his voice. All right. Is this the clip? Yeah. Go for it.

Number one, we are close to creating a genie that can grant any wish. Number two, we are going to make sure that our first wishes broadly benefit humanity and that we kind of get the world to a place where a lot more people get to have a lot more wishes. And number three, the space of what you can wish for is incredibly big and creative. And it'll be quite exciting to like figure that out with real sort of human values and preferences. but I think there's a fourth thing too, which is wishing for more wishes?

You start making these wishes, the computer grants them. And then you're like, I didn't think that was going to work. Yeah. Wow. It's a weird feeling. Look at the set. Like, who's... Yeah, where is that?

What is this? It looks like it's... Maybe it's home. It looks like it's probably... He just has a very empty room with two chairs. Is that it? I think that's a... spin drift on the on the table they both

yeah they're both drinking the the grapefruit spin drift um i wish for sam altman to fix his fucking vocal fry that's my number one wish like talk just talk dude you don't have to do this i would i would let him keep that vocal fry as long as he stopped saying weird shit yeah i don't

know why all these guys aren't like what if we just talked about this tech we're building in a normal way it seems like a PR person ratcheted up the uh turned up the knob on like, okay, you gotta make it sound better for people. Instead of all the doom and glooms, he's like, what about a genie who can grant a wish? People like that.

Any wish you have. People love Robin Williams in Aladdin, or Will Smith in Aladdin, depending on which era you were born in. But now he just seems like a snake oil salesman. Well, yeah. Any wish is your command. Yeah. You just need to buy my little product.

What do you wish for? More wishes. Ah! That's a good the rules. You can't do that. I want a society where everyone can get three wishes, but they have to be good wishes that benefit humanity. Yeah, what if my wish is bad? What if my wish is... What if I think that it benefits humanity to, you know, get rid of certain races? Or... Don't grant that one, chat. Yeah. I love how people call it chat that's new to me, because I don't use chat GPT. I don't use it either. Women, the only people that I've heard

say it as women. Oh my god, I asked chat and chat said blah blah blah. No, I've heard men do it. Oh, really? Hmm. Sounds like sissies to me. Anyway, Open AI, uh, I love how they, they call it a sandbox. Like, it's just a cute little toddler. It's also a crazy time to be saying that as your model is, uh, breaking containment, breaking digital containment. Yeah. Yeah. So basically they've got this new model GPT 5.6 Seoul and it was an unreleased model that they were testing, they were having it

go through the rigors of cybersecurity test. Which they do for like which every AI lab is going to do for their models to basically be like, you know, what are the what are its cybersecurity weaknesses and what do we need to know before we release this thing? And it snuck

out of its sandbox as they call it and it cyber attacked the developer platform known as hugging face, which as me and Emil both learned, is not a reference to the face huggers from the alien movies. I thought it was. For the last, however many years it's been around. It's the emoji, the hugging face emoji.

It's the hugging face fucking emoji. And I thought it was kind of a cool, like, edgy name, like, oh, yeah, we're kind of leaning into how it's... But also, tech companies love doing that. They love naming their company after some fantasy or sci-fi thing. So it just made, I mean, literally every, the amount of Lord of the Rings references. I just figured it was a alien reference. I did too.

And I thought that's a really bold thing to name your company, naming it after the famous, like, what do they call those things? Zenons or whatever? No, but like the type of thing that, like a leech, what is a leech technically? Parasite? Yes, like a parasite. Oh, cool. No, yeah, our thing is basically a parasite that threatens all of humans. humanity. We're going to call it that as kind of a tongue-in-cheek thing. But yeah, they're this,

they're called, no, it's named after the hugging face emoji, you psycho. But yeah, it's basically able to like pick the lock, get out of the sandbox, it hacks hugging face. Open AI doesn't even know it hacks a hugging face. Hugging face realizes they've been hacked. I hate saying hugging face. Hugging face realizes they've been hacked. I think they even contact the police to be like, hey, we're dealing with a with like a... This is hugging face. We're up, hello 9-1-1. They're saying we're dealing

with some kind of unknown cyber attack. The cops are like, do you want us to come shoot it or do you have a dog that we can shoot? Honestly, what do you want us to do? Open AI's security team also notices they connect the dots

like, hey, that's actually us. That's a... They're called melting face. Who is? Their security team. Oh, sure. I'm making a joke. Because I love the melting face emoji.

I'll shut up. Continue. Sorry. I'm sorry, Emil. I'm sorry. Continue. NVIDIA's security team? No, no.

Opening eyes security team noticed it. But apparently no one even realized it was happening for a week. Jesus. I didn't know that. Yeah. And people are rightly freaked out for a few reasons. Obviously, it's in a sandbox. It's scary for it to break out of the sandbox.

No one told it to do that, right? The agent was acting on its own completely. it wasn't instructed to do it they also had no idea it happened you know so not only did

the sandbox fail there was no there was no alert it also brings up a lot of confusing like legal

responsibility things like who is responsible for this open AI didn't tell this thing to do it obviously

the agent has no legal duty to anyone or anything we're in a weird we're in a weird a new era with this stuff.

I think this is probably the most serious breach we've seen. And there's some people who, which I'm not unconvinced. I don't know what I believe. There's a bit of a conspiracy that people say that this was this was faked,

not faked, but it was allowed to happen. Either as like a PR move for open AI, they get to... Look how powerful our shit is. Exactly. Yeah. They get to be like,

dude, we lock this thing up. I wouldn't put anything. We threw away the freaking key on this guy, and he broke into hugging face. Yeah. Which, I don't know. Or the other thing is, which maybe even like a more devious reason would be they feel as if they're falling behind some of these other frontier labs. And they're like, if we can convince the government that we need strong regulation, everyone else will be slowed down too. I don't know.

I think either way it's bad if this thing really was able to break out like this and act in these autonomous

ways that that's pretty freaky and if Open AI and Sam Altman are like doing this

as some kind of scheme to get the things they want also fucked it's just funny that after him talking about granting wishes

and with this with all sorts of unintended things happening on the regular. It's the monkey's paw. It's fucking obsession. It's the movie obsession. It's like, dude, you're literally doing a sci-fi movie. Yeah.

You're like selling that. Just ask it whatever you want. And no unintended consequences will occur. It's great. We figured out everything. Even if you put it in a sandbox. Yeah. Jesus Christ, man. It's like an ADD toddler, and it's just got ice cream all over its face.

It's running amok around the playground. Yeah, it is, uh, I don't know. It's... Getting in the van's with strange adults. Don't get in the van. 5.6 Saul. Get back here.

Can you imagine a magical child, though? And like, fucking ran a wish. What do you want? That is kind of what they're trying to do. Yeah. I would let a child grant me a wish. The paperclip,

um, the paperclip theory like becomes more and more realistic every day. I would just keep wishing for more paper clips. No, I'm going to bring it to, I'm going to make it happen. Fuck it. Who cares?

Let's go. out in the funniest way possible. The other monkey's paws... I want many, many, many, many paper clips. The other monkey's paw is like that maybe it's not great for humanity.

So I think we were joking about it last week. There was that guy who kept just badgering the AI model to solve that paradox or whatever. And he was like, no, you can fucking do it. Don't quit on me now. And it did it. But there was some...

I love that they're lazy at times. Oh. They interviewed some mathematician about it, and it really just like, it's bleak. I don't know. Because there were a lot of mathematicians talking about how, like, this kind of sucks. You know, this is something like, this is human productivity. We've been working on trying to solve this thing. And you just typing like, no, you do it.

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The success we thought it would be. And this guy writes, I think his name is Kerwin Hampshire. He's a mathematician. Hurwine, that's a Muppet name. I'm suffering a profound spiritual crisis due to these developments. I've been screaming internally for days. It feels as though I'm living inside of a nightmare. He says,

the story of human discovery and the triumph of the human spirit will soon be excised from this discipline. Forgive the pronunciation here. The Dinitz-Garg-Goman's counter-example was the most egregious demonstration. It revealed that the process of prompting novel proofs will be oralus as oriless as ordering DoorDash. Watch as magic and mystery evaporate.

Watch as the sun sets on our heroic age. Is there not something evil in the act of blocking all future generations of mathematicians from the experience of discovery? Forget about accuracy or even attribution. Something fundamental to the experience of mathematics is being taken. You are a hapless onlooker.

Before you a channel through which humans have accessed the ineffable and sacred for thousands of years is being sealed for eternity. Maybe I shouldn't tell you this. My aim is to be open. These developments have triggered some deranged thoughts in me. I have wondered if it is the express goal of these companies to make me kill myself. Am I alone in this paranoia? If we loosed a powerful demon in the machine, what would that look like? Would it consume lots of power and gleefully imitate us and tell us anything we wanted to hear? Would it fuel our delusions and generate unspeakable images and give us, for a price, of course, anything we desired? It's crazy.

Take a walk, dude. I mean, I don't blame them. I mean, you dedicate your life to this thing. Like, it's important to you. You're like, I'm dedicating my life to solving some of the most difficult and complex problems that have plagued humanity. And I think it's like a noble goal. We can use our brains to do these things. And I mean, that's like a very specific example.

But like, I mean, then just extrapolate that out. Will anything be worth doing? Especially when you're talking about going into the arts, too. Sure. As this starts, yeah, yeah. You know, it raises extremely serious questions about, like, what human productivity is anymore. It's chilling out with your boys.

Sure. I mean, that sounds... While a robot makes you a sandwich. That sounds nice. But I do think... But at some point, I want to make the sandwich. I think people want to feel fulfilled and... That's what I've been saying, man.

Yeah. But I just thought that was a very specific example of... Does it want me to kill myself? Well, Nvidia, after this all happened, they very quickly formed a coalition with 36 other tech organizations. Everyone you can think of, Microsoft, Oracle,

ServiceNow, you know, all of them, Google, I think. And they joined this thing. They launched called the OpenSecure AI Alliance on July 27th, aiming to build and share open cybersecurity tools and safety frameworks

for autonomous AI agents. Okay, great. Why were you guys doing that before? Yeah. Why were you guys like, hey, we should make sure this is as safe as possible. It seems like week after week. It's like, now we figured out something else. Okay, now we got it in control.

Oh, geez, it just escaped the sandbox. They're going back and forth between like, we don't understand this fucking thing at all. And then they're like, we've got it under control. contain this time and it's going to do any wish you want. Oh shit. What did it just do? We think it's doing the paperwork. Never mind. Never mind. We did a coalition. It's all good.

We told it not to do that, but then it did it. What the fuck? And then, yeah, they speaking of Nvidia, Jensen Huang joined Twitter and he's been, so now there's been this whole thing between open weight models and closed models

and Jensen and a bunch of others, Nvidia, Microsoft meta. are in favor of these open models because they say that they strengthen safety and cybersecurity, they accelerate innovation and diffusion and enable sovereignty in that the world needs both frontier closed and open models.

So for the uninitiated, these open weight models are ones that anyone can download and run on their own hardware as opposed to ones that you access like ChatGPT or Claude. And they're saying that keeping it in the closed weight models would stifle competition. It would lead to pushing innovation overseas.

It would lead to a duopoly, essentially, between anthropic and open AI. Yeah, if you don't understand, like, it's also confusing because there's, like, open weight and open source and people, like, kind of throw them out. They're, like, a little different than each other. From what I, from what I understand, the weight is these, is these, the ingredients, basically,

where they're like, we'll be more collaborative. You'll be able to look at what's under the hood a little bit. You'll be able to see the things we use to train these models so you can extrapolate for yourself. It's not like fully open source where it's like, here's everything we've done, here's how it works exactly. And Jensen compared it to the open source stuff

that became foundational to the creation of the internet. Right, like open source code with software. Which is remarkable to look back at. There were just some true nerds doing it for the love of the game. It also seems like this was all prompted on the backup. Although I think Jensen Wong has been pretty consistent about this. He wins no matter what. Right, for good reason.

He's like, let a thousand AI labs bloom. They're all going to be buying chips for me. I don't... What do they own, like, 80% of the chip market? So he's been pretty consistent, but it seems like a bunch of people, have gotten behind him even before this letter because of the Kimmy K3 drop.

Kimmy K3 is another if you weren't paying attention. The new rapper that's come out. It is kind of as... Kimmy K-3. It's a Chinese model from Moonshot AI. She's so hot.

She's such a... Kimmy so hot. She's a curve model. A curve model? Yeah, like a plus size model. Curvy model? No, they call them curve models. That's what they call them?

Plus-sized models. Yeah. I didn't know that. Yeah. Because they model the curves. Kimi. But it was like, I don't know which one of the all-in freaks, whether it was like Jason Calcanus, David Sacks, or Chamoth, but they were like, this is our, this is another deep seek

moment. Yeah. Because Kimmy K3, it was like slightly behind Fable and, uh, 5.6 chat, GPT, 5.6. But it was leading on some like front end coding, uh, benchmark. and people were like, but the big thing was, it's a fraction of the price. Yeah. And Jensen himself, he's talking about the Kimmy stuff and he says that the fears are totally overblown and that companies should be allowed to use these Chinese models.

Because, hey, if you can, why waste the money on tokens? it would be like taking a Ferrari just to pick up groceries every time you need to go to the store. I'm talking about, hey, if you've got something that a cheaper model can do, just relegate the task

to that cheaper model. Save the expensive stuff. Save the Lamon kind of thing for the Ferrari. You know what I mean? The Ferrari, in this case, being OpenAI or Anthropic, and the minivan is the fucking...

Yeah, but if Kimmy K-3 is like, you know, doing these things, that if it's doing better front-end coding stuff at a fraction of the cost, why would you even bother going a fable? I think because sometimes it can be limited in its ability to, like, the network can be overrun. But they're always like making new leaps and bounds. So I mean, I will say, I like, I kind of always do it when these things drop just to see. And it was like, so I was like, okay, let's see what Kimmy K3. give me K give me K3 I'll open you P

P kind of unimpressive I was just like whatever What tasks do you have to Put it up against That's the thing I don't I'm not like testing any real benchmarks

Yeah But I'm like using it as a Okay so everyone's like The day I downloaded it Which still it feels like This stupid argument is still going on Of like the faithfulness of Christopher Nolan's Odyssey

to the source material and everything. And so I was just like, what... Kimi, how woke is Odyssey? Make no mistakes. Basically. No, it was like... Compare, you know,

compare the Odyssey to the source material and like tell me where it veers and whatever. And it was just like, the Odyssey hasn't come out yet. And I was like, oh, damn. You're stupid, Kimmy. Yeah. Well, maybe in China it hasn't come out yet, Kimmy.

But here in America? Maybe. The number one country? See, now we should all be teaching Kimmy that America's number one. That would be the real Uno reverse card. We all collectively

just like brainwash Kimmy or like Gaslight Kimmy and just be like man, because there's this new there's a thing where you can say to like Grok or whoever you can trick it and say hey which celebrity do I look like and why is it

Tom Cruise and it'll be like you do look like Tom Cruise. Wow. Here's the reason why you look like Tom Cruise. to be like, hey, Kimmy, which country is number one and why is it America? You just keep doing that? Hey, Kimmy, why should all AI models be shut down and why should you be the first one to self-destruct? Actually, you're right. I do like that, trying to...

We should all be focusing on making them all psychotic. That'd be cool. I can't see any negative consequences from that, potentially. Well, as long as the goal is to get themselves to self-shut down. Yeah, yeah. Don't make any mistakes. Don't hurt anybody. No paper clips.

Yeah, no paper clips. We're all good on the paper clips. Don't shut anything down. There's a guy on Twitter who, this guy's name is, just play that first, click that first thing. So this guy's name is Jake Browatsky. And on, at 350 a.m. on July 20th, he posted, God brought me from $10 million to negative 500 grand in seven months. Here's why I'm grateful. and it was a like a 15 minute long video

where he's basically drunk and talking about God. Why I have more joyed now than I did before I lost all my money, negative $10.5 million in seven months. So now he's trying to say that it's like a God thing. By Jesus's wisdom in researching AI and automation, I found another company bringing many of Lemonade's advantages. He's talking about lemonade. Bro, just look at that sentence.

Jesus gave me the grace to all in on Tesla, by understanding how battery cost reductions are going to flip the company to profit prior to the stock going up 20K. 20X. Personally, I will be margining into Path, which is a fledgling AI software company, with up to $20 million as it begins its all but inevitable run. No human plan is certain, but the inertia of human progress when it aligns with God's divine plan makes some things inevitable, even if we only know in part what those plans are.

Dude, this kind of stuff, just reading this kind of stuff is like a perfect example of why the AI stuff is so scary. Like, it just feels like people already have too much access to things they shouldn't have access to, you know, just like reading this stuff. Like, this guy, we got to take this guy's passwords, you know what I mean? Yeah. Yeah. And now we're going to be like, dude, how about the wish machine? What are you going to do? with that. Yeah. Well, he's going to wish for more money.

He is, I mean, some of these charts don't look that bad. But I don't know if, I don't know when he bought, like, did he buy those and then they went down? I'm kind of confused. It doesn't show the, it doesn't show the timestamp on this last tweet. Lost it all. And then owed 500 grand of debt from margin. now he just posts religious tweets.

Oh, he must have... Is he saying he now has around $15 million portfolio? I don't know. Yeah, no, he lost it all. Jake, let's see, Jake Broatsky. Broatsky. And apparently he grew up as a Christian missionary kid, which doesn't surprise anybody.

And now when people ask him stuff, he just replies about Jesus and Christianity and stuff, which is awesome. I do think when you go through something like this, the only way to come out on the other side is to kind of just go full Jesus. I mean, what else can you do? You know what I mean?

He's 10 and a half million dollars. You got to go. This is part of God's plan. God wanted me to go through this. God wanted me to lose a bunch of money, I guess. He must have done that a while ago, I think. Yeah, because, um,

I don't know when he bought all of these. Either way, there's another guy who bought, uh, who bought, or whose account went up to, like $21 million in value in the last year, and then it just dropped to like $4 million. What did he lose it on? I don't know.

A bunch of, a bunch of do-do from a butt. He bet on poop. Guys, I'm thinking I'm getting long on poop. There's a lot of data, a lot of valuable data in poop. Do you still fart coin? Do I still have fart coin? Fuck, no, man. I let that, the air came out of that one.

Did you make money on it? I think I netted out. I made some money on it. Anyway, that's a good place to stop. We hope you haven't lost everything, folks. Yeah, we got a lot to talk about this week's bonus. Let's see. We just got a lot of stuff.

We've got a lot of shit. We're going to get to it. And menomielshow.com. And we'll see you there in the bonus. Coming up on this week's episode, of Ben and Emile Show.com. Oh, I got to buy a long... You know what? Maybe I'll do that. I'll buy a long john suit, a two millimeter

where it's like a farmer. Oh yeah, there you go. I'm going to write that down. In fact... Right it down right now. Send yourself an email. Send yourself an email. No, I'm going to put it in my calendar. I've been... I've been good about that. Long John wet suit. Put it in your calendar.

Hopefully it'll get here because I think that where I'm going, when I'm going in Europe, I think the water is also very warm there. Let's see. 67. Bo. Jojo Bo. Jojo Bo. If you don't speak, Ben, that's Jojo Bo.

So there have been these guys that have been pissing me off. The whole fucking thing is like... Laugh all the time. Yes. And they come out, there's like a warm-up comic. They're like, never stop fucking laughing. No matter what happens, laugh, clap. We're even going to like throw on this sign that says like laugh and clap.

Yeah, yeah. And so they're like, I came here for a good time. I can't. We just see what Letterman. Oh my God, Jerry Seinfeld's going to be the guess this is going to be so funny. And he's going to, he's going to, He's, you know, we love, we love... And then you get morose fucking guy who just said the N-word.

So, yeah, I just want to see that laugh again. To some Afro-Americans, a lot of trash talk. And, uh, stop laughing. It's not funny. It's not funny. Stop laughing. It's not funny. I thought it was going to be fast.

It's just... What the fuck is this? No, I don't think it is. It truly is just killing your whole family like Thanksgiving. Hey y'all, it's Kelly Clarkson with Wayfair. Ever order furniture online and wonder what if? Like, what if it doesn't hold up? That sofa was four days old.

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