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Biggest AI stories - 2025 Recap · What the Flux

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  Speaker 1: This is what the flux. I'm Brett and I'm Justin
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  Speaker 1: and it's Wednesday, the twenty fourth of December. Twenty twenty
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  Speaker 1: five was another massive year for AI, but the story
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  Speaker 1: got a little broader than just chatbots. We saw a
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  Speaker 1: heap of capital pour into the full AI staff. We're
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  Speaker 1: talking data centers, GPU chips, and of course the large
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  Speaker 1: language models themselves. In fact, AI made up to close
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  Speaker 1: of half of all global venture funding this year, and
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  Speaker 1: we also saw open Ai finish the year as the
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  Speaker 1: most valuable private company in the world, with Anthropic not
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  Speaker 1: far behind, and Nvidia hit a five trillion US dollar
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  Speaker 1: valuation during the year as well. So it just shows
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  Speaker 1: how far the AI industry has come in twenty twenty
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  Speaker 1: five and will continue to grow into the next year.
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  Speaker 2: Three mesmerizing stories Today Juzzy Boy, let's do it for
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  Speaker 2: our first. At Lassion has announced plans to take on
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  Speaker 2: Google and Apple with an almost one billion dollar acquisition
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  Speaker 2: of an AI powered brows at.
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  Speaker 1: Lassie and throwing its hat into the big tech ring.
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  Speaker 1: Hear b man with the big dog, tell me all So.
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  Speaker 2: At Lassian was founded in Sydney twenty twenty two by
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  Speaker 2: Mike Cannon Brooks and Scott Farquhi, and.
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  Speaker 1: It's grown into a Nasdaq listed tech Behemit and juz Wolld.
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  Speaker 1: It's probably best known for its project tracking software Jira,
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  Speaker 1: as well as its acquisition of to do list tool Trello.
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  Speaker 1: Don't forget Loom, the video communication tech company that acquired
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  Speaker 1: for nine hundred and seventy five milk back in twenty twenty.
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  Speaker 2: Three, and at Lassian share price has fallen more than
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  Speaker 2: thirty percent this year juzzy boy after investors have been
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  Speaker 2: asking the big questions, how are you going to continue
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  Speaker 2: growing revenue, how are you going to win bigger contracts?
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  Speaker 1: And when are you going to become profitable?
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  Speaker 2: But now at Lassian has announced plans to acquire the
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  Speaker 2: browser company for nine hundred and thirty six million bucks.
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  Speaker 2: This is a company behind browsers called da and Ark
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  Speaker 2: and at Lassian called the acquisition a quote trust play
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  Speaker 2: and how so be man. Well, they're betting that companies
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  Speaker 2: will pay for secure AI enabled browsers built for work purposes.
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  Speaker 1: And at Lassian he's entering the browser space before Google
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  Speaker 1: eges its way into the project tracking world. Interesting, So
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  Speaker 1: what's the key learning here? The battleground in tech isn't
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  Speaker 1: just who builds the best out, It's about who owns
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  Speaker 1: the entry point to your workday.
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  Speaker 2: Many tech companies see the browser as that front door.
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  Speaker 2: Jse Wait, we know that Google dominates in the browser
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  Speaker 2: space with nearly sixty eight percent of market share according
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  Speaker 2: to cloud Flare, and then Safari with a prox twenty percent.
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  Speaker 2: Microsoft's edge with a humble six percent.
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  Speaker 1: Think about it, be man, If you just start their
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  Speaker 1: day in Google Chrome or Safari, then Google and Apple
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  Speaker 1: can push their own productivity tools and AI features first.
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  Speaker 2: But if Atlasian controls the browser, it can control the
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  Speaker 2: flow of attention and tasks and data they man.
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  Speaker 1: The challenge for it last year will be getting its
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  Speaker 1: customers to actually switch to their browser.
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  Speaker 2: And clearly investors aren't sure if they have the ability either,
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  Speaker 2: because at Lassin share price fell two percent following this news.
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  Speaker 2: For our second story, in Vidia is investing five billion
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  Speaker 2: US dollars into its longtime rival Intel and will now
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  Speaker 2: flip a decades long rivalry into a collaboration.
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  Speaker 1: Tables have officially been termed b man, So tell me.
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  Speaker 2: More, well, Josie boy, We've spoken a lot about the
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  Speaker 2: rapid growth of Invidia. Yeah, it's gone from designing GPU
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  Speaker 2: chips for gaming devices to the world's most valuable chip maker,
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  Speaker 2: and not.
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  Speaker 1: Just most valuable AI chip maker.
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  Speaker 2: We'd be talking the world's most valuable company, worth over
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  Speaker 2: four trillion US dollars.
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  Speaker 1: I get this, be man. As recently as twenty twenty two,
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  Speaker 1: Intel's revenue was double in videos. But now in Video
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  Speaker 1: makes more per quarter than Intel does in a whole year.
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  Speaker 2: And now in Video will invest five billion US dollars
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  Speaker 2: into Intel by buying common stock.
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  Speaker 1: And this will give in Video just below a five
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  Speaker 1: percent steak in its new frenemy. Yep.
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  Speaker 2: The two companies will co develop chips for PCs and
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  Speaker 2: data centers.
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  Speaker 1: A little bit of scratch my back end, I'll scratch yours. Yep.
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  Speaker 2: A few minutes later, Intel shares jumped as much as
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  Speaker 2: twenty six percent when this news broke, and the.
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  Speaker 1: Man it is a rare wind for Intel, who's been
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  Speaker 1: losing ground to AMD and in Video and TSMC as well.
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  Speaker 1: So what is the key learning here? Sometimes enemies become
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  Speaker 1: teammates when survival is on the line.
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  Speaker 2: For decades, Intel looked down on in Video as a
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  Speaker 2: niche player for those gaming nerves, but in Video's dominance
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  Speaker 2: in AI has flipped the power balance a big time.
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  Speaker 1: And now Intel is swallowing its pride and teaming up
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  Speaker 1: with its former rival to regain relevance.
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  Speaker 2: Because between them they dominate in GPUs and CPUs, which.
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  Speaker 1: Are both critical computing engines.
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  Speaker 2: In VideA dominates in GPUs, and this is the stuff
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  Speaker 2: mainly used for AI.
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  Speaker 1: In fact, the men in Video had a ninety two
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  Speaker 1: percent share of the GPU market in the first quarter
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  Speaker 1: of twenty thirty five.
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  Speaker 2: With AMD second and then Intel. But Intel still has
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  Speaker 2: dominance and scale in CPUs and manufacturing two. So while
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  Speaker 2: the tables have officially turned, it seems like this partnership
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  Speaker 2: gives Intel a last chance to become the big dog
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  Speaker 2: chip player that it wants to be.
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  Speaker 1: For our third and final story, Open Ai, the owner
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  Speaker 1: of chat GPT, wants a slice of Google's Chrome. If
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  Speaker 1: Google's forced to sell Chrome by the courts. Shots have
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  Speaker 1: been fire, Tell me more, juzzy boy. Okay, so be man.
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  Speaker 1: We spoke last week about how US courts have ruled
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  Speaker 1: Google has illegal monopolies.
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  Speaker 2: Both in online search as well as advertising technology and be.
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  Speaker 1: Man, Well, it's not clear what the outcome will be
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  Speaker 1: from the judges. It could result in the breakup of Google.
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  Speaker 1: And now OpenAI has entered the chat. Yeah. Open AI's
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  Speaker 1: head of product is said they'd be keen to buy
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  Speaker 1: Google's Chrome if the court forced Google to sell it. Now.
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  Speaker 2: Open Ai says it previously offered to integrate Google Search
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  Speaker 2: into Chat GBT, but Google said nowe jose.
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  Speaker 1: Yep, We've got Gemini and Beamen. In the hypothetical case
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  Speaker 1: that open ai did buy Chrome, it could be a
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  Speaker 1: game changer.
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  Speaker 2: Well, it would allow them to skip the middle man
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  Speaker 2: like Google when it comes to getting customers.
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  Speaker 1: So what is the key learning here?
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  Speaker 2: Vertical integration happens when a company controls multiple stages of
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  Speaker 2: its supply chain or product delivery.
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  Speaker 1: Think of the example of a coffee company. If they're
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  Speaker 1: vertically integrated, they might own the farm, the roastery, and
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  Speaker 1: the cafe as well.
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  Speaker 2: And for technology, it's when the company owns the back
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  Speaker 2: end software, the customer facing platform, and the underlying data
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  Speaker 2: as well, and they man.
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  Speaker 1: Google is the poster child for vertical integration.
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  Speaker 2: It owns the Chrome browser, it owns the Android operating system,
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  Speaker 2: it owns Google Search Engine and baman.
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  Speaker 1: That kind of integration is super powerful, but it's also
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  Speaker 1: what regulators argue is anti competitive.
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  Speaker 2: On the other hand, open ai right now relies on
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  Speaker 2: partnerships to reach those users.
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  Speaker 1: Through Microsoft's Edge browser or their iOS integrations.
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  Speaker 2: So if OpenAI did acquire Chrome, it would gain a
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  Speaker 2: direct user base.
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  Speaker 1: But b man, it kind of feels like open ai
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  Speaker 1: would start building its vertically integrated empire of its own.
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  Speaker 1: So while this may sound good in theory, you can
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  Speaker 1: bet that the regulators will be having none of this.
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  Speaker 1: Flux am We hope you enjoyed the biggest Ai stories
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  Speaker 1: of twenty twenty five. It was a very tough one
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  Speaker 1: to narrow down. From the Flux team, where wish you
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  Speaker 1: a very happy Festive season and a great Christmas. We'll
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  Speaker 1: be back on Friday for a very final episode of
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  Speaker 1: twenty twenty six, where we'll do a recap on the
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  Speaker 1: biggest telco and media stories of twenty twenty five. Thanks
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  Speaker 1: for listening and we'll see you on Friday.