The Best One Yet - 💊 “Dr. Altman” — ChatGPT’s Health launch. Daktronics’ football jumbotrons. Elf CEO Tarang Amin. +Dating Sunday

Starting point is 00:00:00 This is Nick. This is Jack. It's Friday the real Friday, January 16th. And today's pod is the best one yet. This is the best show we've ever done, baby. The top three pop business news stories you need to know today. But yet, it's three-day weekend. So Jack and I are whipping up a little surprise for you for your holiday Monday. On MLK Day, we're publishing a full interview with the CEO of Elf Beauty. More on that in a hot minute. But in the meantime, Jack, what's the mix for today's show? For our first story. The biggest move in tech this week is that AI graduated from medical school. Open AI and Anthropic both launched medical chatbots, so we booked an appointment with Dr. GPT. For our second story, it's the biggest college football weekend of the year, and one stock is celebrating Dacronics. Dachronics, because as college football becomes more like the pros, they're ordering jumbotrons from the DAC. And our third and final story, we interviewed the CEO of Elf Beauty, and he's honestly incredible. What a guy. interview publishes on Monday while markets are closed for MLK Day. But today, Jack and I are teasing one wild clip of that interview with Gen Z's favorite beauty brand. And this clip is about

Starting point is 00:01:10 the glory of doops. It's all about the doaps. But yet he's, before we hit that wonderful mix of stories. I mean, the mix. Love the mix of stories today, Jack. January. Underappreciated month. I would say so, Jack stocks are up. skiing is downhill and full disclosure. My birthday's in like five days, man, six days. What day is it exactly? Oh, you know, Jack. Of course I know. I'm not going to miss your full birthday. I'll miss your quarter, two quarters. Thursday, but who's counting, besties? But the biggest event in January is dating Sundays. That's right. Every Sunday this month is the unofficial holiday of the single people.

Starting point is 00:01:45 Sunday. It's already the biggest day for dating apps in general. You swipe on Sunday, so you first date on Friday. That's the pro tip. But Sundays in January are the biggest of all. Get this, Tinder sees that January Sundays have 18% more likes than the rest of the year. And OKCupid says January Sundays have 70% more swipes than the rest of the year. Okay, but pause the pod, Jack, and I got curious. Jack, when exactly is the ultimate time for swiping on Sundays in January? The climax, you mean?

Starting point is 00:02:12 8 p.m. on Sunday in January is the absolute frenzy of peak dating app activity. See what you did there. The solstice is sliding into the DMs. 8 p.m. on Sunday is the equinox of flirt emojis. The pinnacle of performative mailness pickup lines. You will. Maybe it's the New Year's resolutions. Maybe it's the Valentine's Day countdown. Either way, there's nothing more romantic than 8 p.m. this Sunday, especially on a three-day weekend. So, Yetis, you look amazing. Shoot your shop. Now put that puppy in the profile pick. And Jack and I,

Starting point is 00:02:46 let her two stories. 15 years before this song, two boys from the Northeast met in the dorm. They had an idea to cause a cultural storm. It's the best one yet, but the best is an norm. Jack Nick Tits. 50%. That's a fat tip. T-Boy City on your at list. If you know, you know, because we're ready to go. We can't wait no more, so just start the show. First, a quick word from our sponsor. For our first story, it's ChatGPT.

Starting point is 00:03:29 I'm sorry, I'm sorry. Dr. ChatGPT. Because Open AI and Anthropic both just launched HealthBots in the same week. Nick, they didn't go to artificial medical school for nothing. I didn't see that in the prescription, Jack. Yet he's Chat-G-G-T-Health is the health. healthcare industry's ozempic moment. Now, Yeti's, interestingly, last week, Elon Musk said that going to medical school in three years

Starting point is 00:03:53 will be pointless. Because robots will be able to perform surgery. Well, Elon's arch nemesis, Sam Alman, doesn't think that's going to take three years. He thinks that's today. Because last week, OpenAI snag some scrubs in a stethoscope to launch chat GPT health. A dedicated space for conversations with a chat bot about your health. The virtual doctor will see you now. best part of virtual health. No waiting. Although I should point out there is a wait list for this app,

Starting point is 00:04:20 so it kind of is waiting. That is ironic. Now, the reason they launched this is because, well, the data, 230 million people were already asking questions on health and wellness every single week to chat GPT. And now those questions will be siloed away on chat GPT health so that they remember your health situation and layer on some extra privacy and security. Yeah, what Jack's saying is like if you use chat GPT at work and ask it to make you a deck on the quarterly earnings report. It won't accidentally stick a picture of that thing on your thigh you uploaded on slide seven. I know. What the heck is that thing?

Starting point is 00:04:54 Now, funny timing, because one week after Open AIs announcement, on Monday, Anthropic launched Claude for Healthcare. Basically, Anthropic, Open AIs rival launched the same thing for the same exact medical reason. And the key value proposition for both of these healthcare apps. is that you can upload your whole my chart. So the chat bot will know everything about your medical situation and your history. I mean, you're linking your health tracking apps,

Starting point is 00:05:20 your Fitbits, your blood test. This thing's going to know your step count if you want it to know from your iPhone. So then when you have an appointment coming up or have a health issue, the chatbot remembers everything about you. Add it all up and chat GPT is the new Grey's Anatomy, baby. But it is a tradeoff.

Starting point is 00:05:34 We're all going to have to face. Do you want to give Sam Altman your most sensitive medical data, Nick? If you do, Jack, you will have a free doctor in your pocket, but then again, that doctor could blackmail you in some future AI crazy dystopia. Season 8 of the Black Mirror. Now, we also should point out yet is that the lawyers on this deal made OpenAI say that it is supporting, not replacing care from clinicians. And remember, large language models don't know what's true. They just predict what's true based on the most

Starting point is 00:06:06 likely thing on the internet. Which is why Open AI also added this caveat, not intended for diagnosis or treatment. Even though that's definitely what you're going to use Open AI's health plot for. Gray's anatomy? Not a fan of what we just described. Okay. But Nick, plot twist. Yes, Jack. We're not surprised that people are already using AI

Starting point is 00:06:26 to check their health situation. We are surprised, however, that doctors are using it too. Get this, Yeties. As of last year, two out of three American doctors was already using AI in their practice. And we can see exactly how they were using it. A lot of doctors use AI for admin tasks. Right, like taking handwritten notes and digitizing them for the records.

Starting point is 00:06:46 Others use AI for interactive tasks. Translating for a patient when we speak Spanish. And other doctors use AI for clinical diagnosis. AI has become the wingman and spotting issues on the X-ray. But it's an unspoken secret of the whole health industry. Your doctor's already using AI too. Which leads to our takeaway sponsored by thytastrosol, the once-daily pill for that thing on your thigh. So, Jack, what's the...

Starting point is 00:07:11 takeaway for our buddies over at Dr. GPD. The healthcare industry is about to have its ozempic moment. Yeties, this is wild. But 30% of health care costs in America are for administrative work. 30 cents of every buck we spend goes to paper and paper pushers. Literally paper. Like, how many times have you written your address on the same paper form for the same doctor's office?

Starting point is 00:07:35 Zip code representative. Now, if our health care system can employ AI effectively in the their office, then that 30% admin share can go way down. The analogy here, like Taken-O-Zempic, healthcare costs can slim down with this new technology. But patients can maybe cut down their health care costs too, with fewer and more efficient health care visits. I mean, Jack, how many times have you visit a doctor, a hospital, or an urgent care to learn it was actually nothing on your thigh? Dr. GPD in your pocket might prevent a trip next time when you have a false alarm. So besties, both on the patient side and on the industry side, AI, can

Starting point is 00:08:11 lower the cost in health care. The healthcare industry, it's about to have its ozepic moment. And if this podcast lasts longer than four hours, contact your doctor. For our second story, college football is rapidly becoming pro football. And the biggest stock market winner of that transformation, it's Dachtronics. Dactronics. Their stock is up 10x in three years because every college stadium now has to have a jumbo tron. Yeties, circle the calendars, Monday night, Indiana, plays the University of Miami for the college football national championship. If Miami wins, they'll be 14 and 2 national champions. Jack, that's a 16-game season for college football. I know. This season has gotten so long. 20 years ago when USC won the championship,

Starting point is 00:08:58 they won with an 11-0 record. More specifically, the season's gotten 45% longer in college football over two decades because college football is becoming pro football. Mo games, mo money. Which leads to the news. The University of Illinois just ordered a $10 million jumbo-tron for their college stadium. Illinois, they're not even like a football stadium. Whoa, we got a lot of Illinois listeners out there, Jack. I know, but even Illinois listeners know they're not a football school. Jack, you've got to take the Michigan energy from a 10 to an 8 on this one, buddy.

Starting point is 00:09:31 250 feet long, 69 feet high. This is a television that runs nearly the length of the football field. And Jack, we haven't even seen the size of the remote yet. True. And that Jumbotron is all going to be booked as $10 million of revenue for Dachronics. Pause the pod. Yeti's Dachronix is the pride of Sioux Falls, South Dakota. And by Jackson My Research, the only publicly traded company from Sioux Falls, South Dakota.

Starting point is 00:10:00 Well, the only South Dakota company we've covered on the pod so far. Fair point, fair point, Chad. And quietly, they have become the biggest brand in what they call scoring an all. audio visual systems, wild industry. It's way cooler than how they call it. So let's go back to their history. In 1968, Dachronics built the first electronic basketball scoreboard. In 1980, they did all the scoreboards for the Lake Placet in Winter Olympics.

Starting point is 00:10:23 In 1998, they did the first jumbotron at an NFL stadium for the Tampa Bay Buccaneers. You can watch that QB sneak in HD. And then in 2001, they pivoted from sports to digitize the outdoor billboard. Hey, you know the Coca-Cola sign at Times Square? Yep, that's Daktronics's work. And then in 2017, they built what at the time was the world's largest screen at Mercedes-Benz Stadium in Atlanta, where the Falcons play. And finally, fast forward to today.

Starting point is 00:10:49 And the biggest screen in the world is the exterior of the sphere in Las Vegas. And Daktronics did not do that one. Oh, no, they actually didn't do the biggest screen. No, they faced some competition, including from Sony, Samsung, and a bunch of other companies you never heard of. But still, Dactronics's stock has jumped one thing. thousand percent in the last three years because investors focus on the future. They focus on the growth potential. And that growth is that college football is becoming pro football. So Jack,

Starting point is 00:11:18 since you are a four-time backup starting quarterback who also holds multiple disputed D3 records. No, not disputed. Undisputed. I'll share the record at the end of the pot. So Jack, what's the takeaway for our buddies over? Dactronics. It's arena arbitrage. Every college stadium is actually an NFL stadium. They just don't know it yet. Yeah, and he's full disclosure. Jack and I love how college sports is different than pro sports. We both played college sports. We love the amateur game. The bleachers, the pet band, the silly halftime rituals, and the much lower priced tickets. Yeah, especially for lacrosse games. But the reality is that college sports is now pro sports, which means prices are going up. Just about every NFL stadium already has a huge

Starting point is 00:12:02 jumbo-tron. It's key for the nosebleeds. You can't see the feel. You can't see the field. but you can't see the big screen. But to justify higher-priced tickets, it won't just be the University of Illinois buying a jumbotron from Daktronics. In our opinion, all 136 Division I college football programs are going to buy a Jumbotron,

Starting point is 00:12:20 and it might be from Dactronics. Plus, colleges would use those Jumbotrons for concerts as well. Dactronics reveals the arbitrage opportunity of college arenas. Every college stadium is about to become an NFL one. Now, a quick word from our sponsor. For our third and final story, it's actually an excerpt from our interview with Terang Amin,

Starting point is 00:12:44 the CEO of Elf Beauty. Terang was a consummate professional, to be clear. He was great. So we talked to him about how Elf has become the number one company in cosmetics. We also talked to him about them acquiring Haley Bieber's makeup business and some advice for Jack's 42-step skincare routine. Spoiler. Yes.

Starting point is 00:13:02 My forehead is too shiny. Very dewy, though, Jack. The full episode publishes Monday, but here's one clip to give you a taste. We have a concept where we call it zero distance, zero distance between the C-suite and our community. You know, I'll tell you a story. My CMO terrorizes me every few months. She comes and drags me on to TikTok Live. And, you know, she just gets up there. And she's not even very nice about it.

Starting point is 00:13:23 She doesn't say, all right, you got the big boss. Tell them what you want. And the chat field will just light up. It'll just go crazy. There was one last year where I got on and a bunch of people said, hey, there was this prestige product. They make these bronze and drops. We love them. I think they're $39,000. We can't afford $39.

Starting point is 00:13:40 Help us out. And I'm reading the chat field. I'm like, yeah, okay, you want some bronzing drops. And then there's like another 20 chats right after that. And they're like, no, no, boss, man, we want them now. I will literally leave that call a bit terrorized or traumatized. And the first thing I'll do is I'll call it my head innovation. We have a three-year product pipeline. I'll say, oh, my God, please, for the love of God, tell me we have some bronzing drops. And she's like, yeah, we do. I'm like, great, great. When are they coming out?

Starting point is 00:14:10 And she's like, oh, we got them slated for 18 months from now. And I'm like, oh, no, no, no, no. I cannot have our community yell at me, move it up. And we launched them within six months. And that's our entire model. It's like we look at our community. What do they want? Where can we bring the best of beauty, put our elf twist on, and bring it at an incredible value?

Starting point is 00:14:28 And that's fuel the entire model, particularly this day and age. Our strength with our community, particularly on social, really makes sense. that model work, where we're not dependent on some celebrity or advertising or something else to be able to get the word out. Our community is our absolute best advocates. They must have freaked out when you launched that product for eight bucks. Oh my God, they did. Well, Turing two questions about that Christian, your dup product, that Jack and I've been dying to ask on dupes in general with you. The first is any moral hesitation on copying someone's idea? I see how you're saying you're influencing, but was there any moral hesitation there? I'd say it was a moral

Starting point is 00:15:05 authority responsibility. I actually think it's immoral to charge a consumer 40, 50 bucks or something that we can clearly show you can make for less and actually have just as good or better quality. And, you know, I mentioned earlier, two-thirds of Americans live paycheck to paycheck. We think it's immoral to charge a lot of money to those people who are barely making it. So we take great pride in being able to put our elf twist on and be able to have the best of prestige at a fraction of the price. Lulu Lemon, if you're listening, Terang Amin,

Starting point is 00:15:39 just made the moral case for the dupe as the right thing to do. The second question, by the way, Jack, is just, why, by the way, is Christian Dior so expensive in the first place? Jack, could you whip us up the takeaways to head it to the weekend?

Starting point is 00:15:52 Open AI and Anthropic both launched chatbots this month specifically for health care, but it does not replace your doctor. Health care, it's about to have its ozempic moment, and Sammy Altman is going dogy hell. For our second story, Dactronic stock is surging as college sports adds pro sports features like giant jumbo-trons. Because every college stadium is now a pro stadium. They just don't realize it yet.

Starting point is 00:16:17 And our third and final story, Elf Beauty now sells the number one product in all of beauty. It's the power grip primer. And Elf did it with their zero distance principle. And you can learn more about that and more in Monday's full interview. But besties, this pod's not over yet. Here's what else you need to know today. First, coolest bank on Wall Street, Goldman Stanley. We're calling it now. Both of those investment banks are thriving as announced in their Thursday investment banking earnings. Remember yet, he's recovered Goldman's wild news back in November, including their record merger and acquisition advisory fee of $110 million for electronic arts. Well, both Morgan Stanley and Goldman Sachs

Starting point is 00:16:58 earned almost exactly $4.4 billion in quarterly profits last quarter. If you're swiping Tinder on Sunday and see someone named Goldman Stanley, swipe right. They're paying for dinner. And second, meta has begun layoffs of their Metaverse division. Sadly, 1,000 jobs are expected to be hit. Since Meta changed their name from Facebook, they've actually racked up $70 billion of operating glasses in that Metaverse division. So now Zucks cut in those stunning Metaverse losses and pivoting to AI devices like glasses. Meta may have to change their name once again. And finally, Aldi is a... Officially America's fastest growing grocery chain. They're adding 180 new stores in just the next

Starting point is 00:17:38 couple years. In this economy, German frugality is thriving. Ah, Kiyah. Aldi has 2.5% of the grocery market here in America. They're still way behind Walmart's 25%. But they're growing fast, and they're even snagging Whole Foods faithful. If you want us to do a story in Aldi, drop a comment in the comments. Now, time for the best fact yet. This one whipped up by Jack and me before you head into the three-day weekend. Jack, what do we got? The I Have a Dream speech by Martin Luther King Jr. was delivered in August at the National Mall in Washington, D.C. GORS. GORSysm of his most famous speech. But did you know he delivered that speech one time before he famously delivered it in D.C.? Dr. Martin Luther King actually kind of like soft launch the

Starting point is 00:18:20 I Have a Dream speech before he really did it. Yeah, you did. A couple months prior to Washington, he did it in Detroit. And the audience must have been so floored. He's like, I'm going to do this in D.C. in front of the Lincoln Memorial. He was arrested 29 times in his life. He went to college at age 15, got a PhD at 26, and a Nobel Prize by 35. Not too shabby. Yeties, you have looked fantastic all week.

Starting point is 00:18:48 Congratulations on getting to the Real Friday. I promised I'd share my NCAA college football record. Oh, yeah, the disputed one. No, the undisputed one. So as a starting quarterback at Middlebury College, I went 2 and 0. What winning percentage is that, Nick? By my math, Jack, that's 100%.

Starting point is 00:19:05 That's an NCAA record. Yeti's happy swiping on Sunday. Celebrate the wins. If you've got a takeaway, drop it in the comments, and Jack and I will see you Monday. Celebrate the wins. Before we go, a happy birthday to legendary Yeti, Tony Howard,

Starting point is 00:19:26 turning 27 somewhere on a boat. And happy birthday to Derek Edwards in Tuscaloosa, Alabama. And Kunal Dovey in Irvine, California celebrate the best birthday. yet. And happy birthday to Amy Klein in New York City, who's going to a Broadway play to celebrate. Amy, best restaurant in the Broadway district? LaTanzi. It's actually where Lauren Michaels takes his guests who star on S&L. Pro tip. And across the river, happy birthday to Mira Ashwin celebrating in

Starting point is 00:19:54 Ridgewood, New Jersey. Happy 37th birthday to Devin M. Young in Atlanta, Georgia, who's launching a fine art photo business. And Jack, legendary Eddie, Jack's eye, is turning 39 years old. This guy is the best one yet in New York. And happy birthday to Jackson Levine, turning 14 years old in San Antonio, Texas. And Lisa Smith, happy 47th down in Gilbertsville. Happy 30th birthday to Catherine Pisani in Philadelphia. And Matt Keller, celebrate the best birthday in Laguna Beach, California, baby. And happy birthday to Lance Hunt, the DJ in Miami, FLA.

Starting point is 00:20:26 And Jack, we got a new dental school student over in Virginia. Hannah Trong, you got this. Congratulations to Jeffrey Morales in San Francisco, who's got a new data scientist job at Makina. And Maria Jose down in Denver just paid off their student loans. Maria. And Oliver Peterson in London, if you're listening, that was the best comment ever. Thank you for leaving that comment, man.

Starting point is 00:20:46 And to anyone else, celebrating something today, make it a T-Boy. Celebrate the Wins. Did you see his comment? I have not seen it, dude, no. All right, let me read this you, Jack. T-Boy has been my essential morning ritual for three years. Nick and Jack, you've completely changed the way I look at the markets and sparked a genuine passion for investing I never knew I had. My life and my portfolio are better because of the show.

Starting point is 00:21:10 thank you for making us feel brighter every single day. Oliver Peterson in London. Wow. Wow. That was incredible. So incredible. What a guy. Thank you, guys.

The Best One Yet - 💊 “Dr. Altman” — ChatGPT’s Health launch. Daktronics’ football jumbotrons. Elf CEO Tarang Amin. +Dating Sunday

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.