Latest / Earn Your Leisure / OpenAI's Bold Move, Apple’s Next Battle & The Future of Tech

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OpenAI's Bold Move, Apple’s Next Battle & The Future of Tech · Earn Your Leisure

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1:51
Speaker 3: Speaking of Apple, one of the X stars, Johnny Ice
1:58
Speaker 3: open Ai just purchased it company for six point five
2:01
Speaker 3: billion dollars and ground groundbreaking deal. So what do we
2:07
Speaker 3: think about this this acquisition.
2:11
Speaker 4: And further cements the new generation the tech and I'll
2:15
Speaker 4: say things that they're going to have to structure with
2:18
Speaker 4: the top five or fore is after they go public.
2:24
Speaker 4: I've been calling for them to reconcile with Johnny for
2:27
Speaker 4: the longest time. It was brilliant that they launched this
2:30
Speaker 4: after the Google Io conference. But there's a lot of
2:35
Speaker 4: clashing in Apple's culture that is preventing them from getting
2:40
Speaker 4: some of those former star players back together. And Sam
2:44
Speaker 4: Altman did a great job. I was telling Redpadded maybe
2:46
Speaker 4: for at least three months, four months, that they were
2:49
Speaker 4: going to team up and who we are. I don't
2:52
Speaker 4: like the idea of that that circular pinion that they
2:54
Speaker 4: want to put out as a first product. From what
2:58
Speaker 4: I have heard, though they have built they're operating system first,
3:02
Speaker 4: which is brilliant, which tells me they could start to
3:05
Speaker 4: attack this thing eventually. So the first product they put
3:10
Speaker 4: out is incredibly important. But in terms of partnership, like
3:15
Speaker 4: Microsoft once again, Stock of the decade is going to
3:18
Speaker 4: benefit greatly from this partnership. But you can see the
3:21
Speaker 4: writing on the wall to see where Sam is trying
3:23
Speaker 4: to have his contingency plan to then get away so
3:26
Speaker 4: he can be the new tech darling in that space.
3:30
Speaker 4: I think brilliant partnership. The trailer was amazing. Whenever I'll
3:33
Speaker 4: see like two white men walking to a bar in
3:36
Speaker 4: San Francisco and a smiling a lot of money on
3:38
Speaker 4: the take billions of dollars, multi billions of dollars, and
3:43
Speaker 4: as people are getting tired of the iPhone. It was
3:46
Speaker 4: a brilliant idea to partner with someone who cares about
3:48
Speaker 4: products a lot when it seemed like Apple doesn't care
3:52
Speaker 4: about it anymore.
3:53
Speaker 2: All right, let's let's run down the list of the
3:55
Speaker 2: things that John Ive has helped design or create himselves.
3:58
Speaker 2: YEP ninety eight, the iMac two thousand and one, the
4:02
Speaker 2: iPod two thousand and seven, the iPhone twenty ten, the
4:06
Speaker 2: iPad two thousand and eight, the MacBook Air and MacBook
4:10
Speaker 2: Pro twenty fifteen, the Apple Watch and two thousand and thirteen,
4:16
Speaker 2: the redesign of the iOS system.
4:21
Speaker 1: Have kept that relationship together. It's one of those I
4:25
Speaker 1: read an interesting article.
4:26
Speaker 2: They were saying that open Ai purchasing next, which is
4:30
Speaker 2: this company feels like a move that Apple would have
4:33
Speaker 2: done in the past. Ye you saw a company that
4:36
Speaker 2: had technology and had infrastructure that you need and could
4:40
Speaker 2: be a competitor, so you went and acquired it. The
4:44
Speaker 2: fact that it came from somebody that was internal in
4:46
Speaker 2: house and you let it go it speaks volumes because
4:50
Speaker 2: there's a lot of talk, especially you know, I'm reading
4:53
Speaker 2: like gadget dot com. The talk is that the gadget economy,
4:59
Speaker 2: the ip at the iPhone.
5:02
Speaker 1: And the macbug watches, that is slowly.
5:07
Speaker 2: Going to deteriorate and make way for a new form
5:11
Speaker 2: of consumer technology, which would be the artificial intelligence assistant.
5:17
Speaker 2: And so having Johnny I there with open AIS technology
5:23
Speaker 2: that first product, I'm interested in seeing what that does
5:28
Speaker 2: to Apple's infrastructure because they're going to change the hardware,
5:33
Speaker 2: because that's what I'm thinking, like what they're basing on.
5:36
Speaker 2: If you're talking about fifty percent of the revenue is
5:39
Speaker 2: coming from an iPhone, well, if the iPhone is not
5:40
Speaker 2: a thing that people are using in the next five
5:43
Speaker 2: to ten years, then what's the product It is not
5:47
Speaker 2: the thing that we're going to be using in terms
5:49
Speaker 2: of how it communicates and how it functions with artificial intelligence,
5:53
Speaker 2: what is the product? Having the guy that helped develop
5:56
Speaker 2: those things with the technology that's going to leave the
5:59
Speaker 2: future is a dangerous proposition for them.
6:01
Speaker 3: Well then also for people because for full context, because
6:05
Speaker 3: they might not even know what the company is. So
6:07
Speaker 3: IO is a hardware and design from focused on AI
6:12
Speaker 3: integration devices. And like we said, we just acquired by
6:16
Speaker 3: open ai for six point five billion and when you
6:19
Speaker 3: do the stock cash considerations, but it was designed to
6:23
Speaker 3: help build consumer facing AI products with intuitive, screenless next
6:29
Speaker 3: generation interfaces. So there's an actual picture of it if
6:34
Speaker 3: you want to look on our Instagram because we posted yesterday.
6:37
Speaker 3: We posted about it on Instagram yesterday. So when he says,
6:40
Speaker 3: when Troy says, the personal AI assistant, that's something that
6:46
Speaker 3: Robert Smith has spoken to us about and a lot
6:49
Speaker 3: of people have been talking about, Like at some point
6:51
Speaker 3: in time in the near future, everybody's been to have
6:53
Speaker 3: to own their own AI assistant that will plan your life,
6:59
Speaker 3: like if you want a book, a flight, if you
7:00
Speaker 3: want to, you know, go to movies, you gotta pick
7:03
Speaker 3: your son up from school, remind you, you gotta you know,
7:06
Speaker 3: call parent teacher night conference. Virtually. So this, yeah, I
7:12
Speaker 3: guess that'll be the next thing. Now what we have
7:15
Speaker 3: to see is it is will this have some level
7:17
Speaker 3: of communication believe if it does, then that could potentially
7:22
Speaker 3: be a threat to the eye. And being that he
7:24
Speaker 3: comes from a background of dealing with iPhones, will ultimately
7:29
Speaker 3: I will open AI have a communication device, which might
7:33
Speaker 3: be the next iteration of what a phone is.
7:36
Speaker 2: I don't even Yeah, I think that's what That's what
7:38
Speaker 2: I'm alluding to, is that that next piece of consumer technology.
7:43
Speaker 1: It's it will cut into that iPhone lead.
7:46
Speaker 2: And maybe it's not a phone anymore, right, we don't
7:50
Speaker 2: that shouldn't be that first product is so important. The
7:53
Speaker 2: fact that this part of it right, and he probably
7:56
Speaker 2: will never admit to it, but them not coming back right,
8:00
Speaker 2: them not seeing him as the valuable put a chip
8:02
Speaker 2: on the shoulder is a chip. And the fact that
8:05
Speaker 2: he deal with a company. Right, we talked about Apple AI.
8:09
Speaker 2: Has anybody used it? Has it beneficial?
8:12
Speaker 1: Right?
8:13
Speaker 2: Look at what chat GBT is doing on a monthly basis,
8:16
Speaker 2: on a daily basis.
8:17
Speaker 1: Co Pilot is getting better. Co Pilot is better than
8:21
Speaker 1: Apple's intelligence.
8:22
Speaker 2: Yeah, I mean Microsoft, if Copilot doesn't get better, you
8:25
Speaker 2: still have fifty percent of this open AI company.
8:28
Speaker 1: Sure, sure it was.
8:31
Speaker 2: It was a tough week for Apple outside of the tariff.
8:35
Speaker 1: This hap this news happening is tough.
8:38
Speaker 4: And on top of it, it's going to put a
8:39
Speaker 4: lot of pressure on the Alexa Series two and Amazon.
8:43
Speaker 4: And I'm gonna say it clearly, Tim Cook needs to
8:45
Speaker 4: be replaced. For all of you who are gonna say, hey,
8:48
Speaker 4: you're going too far. Stop talking. I hate the fact
8:51
Speaker 4: that I'll say these things about the Apple iPhone dominance
8:55
Speaker 4: for waning, and then somebody White said, and y'all agree
8:59
Speaker 4: with it. I'm telling you now Tim Cook needs to go.
9:03
Speaker 4: He can be chairman. Greatest operator in the history of
9:06
Speaker 4: Silicon Valley. I pose the question in Star Club. I'll
9:10
Speaker 4: ask you, guys, who's the better CEO? Tim Cook or
9:13
Speaker 4: an AI version of Steve Jobs right now? Hooked up
9:16
Speaker 4: to that black will No, they hooked up to rub it.
9:22
Speaker 1: Like what bro di vision pro.
9:27
Speaker 4: Mistake, Apple intelligence mistake, acquisition of Open AI mistake you
9:34
Speaker 4: should have. That should have been number one priority when
9:38
Speaker 4: Sam wanted it for nothing. There's too much culture clash
9:42
Speaker 4: of Tim trying to be and I get it. You
9:44
Speaker 4: don't want to be in someone's shadow, but you have
9:47
Speaker 4: to do is best for the company, and I don't
9:48
Speaker 4: think that's currently being done.
9:50
Speaker 1: Well, okay, let's talk about Apple.
9:52
Speaker 3: But just just to play the other side of the
9:56
Speaker 3: fence here, Tim Cook's one of the greatest CEOs that
9:59
Speaker 3: we've ever seen.
10:00
Speaker 1: Greatest operators.
10:02
Speaker 3: Apple's market cap swored from three hundred and forty eight
10:06
Speaker 3: billion and twenty eleven to three trillion. Now that's that's
10:11
Speaker 3: fourteen x he fourteen x the market cap, product innovation
10:17
Speaker 3: in his rain. You got Apple Watch, you got air pods,
10:21
Speaker 3: Apple Music, after the TV.
10:23
Speaker 4: After the air pods came from Steve Jobs acquisition to Beats.
10:28
Speaker 3: It's under his it's under his reign. As far as
10:31
Speaker 3: the rise of AirPods, you know, he's.
10:39
Speaker 1: Greatest operator in the history of What you're saying is true.
10:43
Speaker 1: Both things can be true. I think both. Yes.
10:46
Speaker 2: In terms of raising the market cap of a company,
10:48
Speaker 2: you're talking about the first three trillion dollar company. Yes,
10:51
Speaker 2: The important pieces inside that is that the guy who
10:54
Speaker 2: helped create those products that helped you raise that market
10:57
Speaker 2: cap is no longer there.
10:59
Speaker 1: And since what has been the product that has succeeded?
11:03
Speaker 4: And my issue is the degradation of culture at Apple
11:07
Speaker 4: under his leadership. They reduced Steve to a fucking theater
11:11
Speaker 4: on campus, the campus that he built. They won't even
11:15
Speaker 4: put up a Steve flag on that campus. You guys
11:18
Speaker 4: can say that I'm wrong, not y'all the audience at large.
11:22
Speaker 4: But I'm the one who put y'all on Apple, So maybe,
11:26
Speaker 4: and I've been I had an Apple too at my
11:28
Speaker 4: grandma's house. Don't got through street, trust me, But y'all
11:31
Speaker 4: can say I wrong. It's fine. What's a better company
11:34
Speaker 4: right now? Open AI, who is not publicly traded or Apple?
11:39
Speaker 4: All that ecosystem that y'all love the audience, not y'all
11:42
Speaker 4: was created by Steve and Johnny.
11:45
Speaker 2: As of today, I'm still gonn I gotta take Apple
11:48
Speaker 2: because it's not public trade and they don't have a
11:49
Speaker 2: consumer product that's gonna lead the future. Yes, so out
11:54
Speaker 2: of today, and that announcement could come. But today also
11:59
Speaker 2: lives off the back of it Apple in part yes,
12:03
Speaker 2: part so in terms of the device that people use.
12:06
Speaker 1: It them until Johnny getting that lab.
12:09
Speaker 3: Like I said, like I said last year, I think
12:12
Speaker 3: open ey is gonna be one of the greatest companies
12:16
Speaker 3: in human history, and it's going to be a top
12:17
Speaker 3: five company for a very short period of time. So
12:23
Speaker 3: open Ai, I don't think any I don't think anybody does.
12:28
Speaker 3: It's going against open the eye. It's just Apple is
12:32
Speaker 3: still a necessary company.
12:34
Speaker 1: Yes, a great It doesn't mean the leadership change is
12:38
Speaker 1: not needed. Innovation is needed.
12:43
Speaker 4: And it's hard to have innovation when you won't allow
12:48
Speaker 4: the culture.
12:48
Speaker 1: The thing.
12:49
Speaker 4: Even though Steve was a hard driver as a leader,
12:53
Speaker 4: he allowed brilliant people to thrive. There's some brilliant people
12:57
Speaker 4: at Apple who I talked to. The have ideas that
13:00
Speaker 4: can change a lot of this. Right, Oh, they're being stifled.
13:03
Speaker 4: That glass ceiling.
13:07
Speaker 1: Tough. So okay, okay, no, it does not change to
13:12
Speaker 1: tech two and that's no. Don't don't put in chat.
13:14
Speaker 4: Listen to me. I'm gonna say, fuck, listen to me.
13:19
Speaker 4: They need new leadership. I don't want to say who
13:21
Speaker 4: I think.
13:21
Speaker 3: Your thoughts put in chat your thoughts for sure?
13:25
Speaker 1: On Apple? You ian trippy? Nah, he said two tech man,
13:29
Speaker 1: Apple was.
13:30
Speaker 4: You need at least twenty five thousand shares and something
13:33
Speaker 4: like one company to tell me I'm wrong. And I've
13:36
Speaker 4: talked to a bunch of people with Apple who's just
13:38
Speaker 4: afraid that he treated like like he should.
13:42
Speaker 1: You can't. You could have bought it open their eye
13:44
Speaker 1: for little or nothing.
13:46
Speaker 4: Meanwhile, you got fucking twenty two billion dollars parking bonds
13:49
Speaker 4: or whatever.
13:50
Speaker 2: I get the but the innovation part, we can't know
13:56
Speaker 2: what way can't. But you can't run from that fact.
14:00
Speaker 2: The cash reserves are ridiculous.
14:02
Speaker 4: They don't use them correctly. But they could use them,
14:07
Speaker 4: but they have not. They haven't and maybe that's part
14:10
Speaker 4: of the leadership prior. It's like, we got to make
14:12
Speaker 4: sure we find the right company to acquire it.
14:14
Speaker 1: I think he would be a better chairman, I really do.
14:18
Speaker 1: But having that chances chance does it doesn't matter. It
14:21
Speaker 1: doesn't mean that they don't need a better leadership. That's
14:24
Speaker 1: fair well, speaking of Okay, speaking of that.
14:30
Speaker 4: And the real quick there's some other AI companies that
14:33
Speaker 4: he could buy. But you gotta kind of move fast
14:36
Speaker 4: before the evaluations. Okay, Apple, if they deployed this right,
14:41
Speaker 4: the capitol right could have saved us from the China
14:44
Speaker 4: Versus America war. They're choosing to rest on their laurels
14:50
Speaker 4: and not be on the offense. It's like playing for corners.
14:52
Speaker 4: It works until now you gotta make a big shot.
14:55
Speaker 4: Now you can't make a big shot. You don't think
14:57
Speaker 4: Johnny I thought through the partnership would open their Yeah,
15:00
Speaker 4: I knowing he can go directly to Microsoft and they
15:02
Speaker 4: have more devices in the landscape than Apple.
15:08
Speaker 1: We'll see, we'll see.
15:10
Speaker 2: Operating cash fule of one hundred and ten billion.
15:13
Speaker 1: How will it? How will it?
15:14
Speaker 3: How will the tariffs impact Apple? We talked about you
15:18
Speaker 3: know this before, but for full context, Trump has threatened
15:23
Speaker 3: tariffs on Apple, and he said that he's disappointed with
15:27
Speaker 3: Tim Cook and apple decision to manufacture in India, which
15:34
Speaker 3: is a workaround from the China situation, but he wants
15:37
Speaker 3: it to be all done in America and he's he's
15:42
Speaker 3: spoke publicly about it. He said he wrote them a letter.
15:45
Speaker 3: He's threatened to put tariffs on on them as an
15:48
Speaker 3: individual company. So is the India workaround something that could
15:54
Speaker 3: potentially happen.
15:58
Speaker 1: Is globalization.
16:01
Speaker 3: Something that is still workable under the Trump administration or
16:04
Speaker 3: do they everybody just has to stay in America for
16:07
Speaker 3: the next three years.
16:09
Speaker 1: I don't know. Whatever that big that Trump wants. They
16:12
Speaker 1: just have to pay.
16:14
Speaker 4: They're called Don Jr. And get that master by a
16:16
Speaker 4: membership card. Go go buy you ten gold cards. And
16:19
Speaker 4: maybe I don't know. I feel like he hasn't worked
16:22
Speaker 4: that relationship well enough because Trump won't say it, but
16:26
Speaker 4: he needs American companies to thrive for him and the
16:30
Speaker 4: MAGA regime to work over the next twelve years.
16:33
Speaker 1: They're not just worry about the next.
16:34
Speaker 4: Four him Elon going back to Tesla, that is very
16:38
Speaker 4: talent to lose such a monumental piece. And then this
16:42
Speaker 4: bill which ends up being a disaster. I think his
16:45
Speaker 4: name is on it. So if this bill doesn't go well,
16:48
Speaker 4: so at least if he's making these campaign promises, he
16:51
Speaker 4: has to at least have one dominant company come back.
16:54
Speaker 1: Now, we talked about it before.
16:56
Speaker 4: How long is it gonna take for you to build
16:57
Speaker 4: a plant to actually be able to uh create these iPhones?
17:01
Speaker 1: And then what would the cost be? Right?
17:04
Speaker 4: The idea is great, execution is poorly planned. And that's
17:07
Speaker 4: my thing in terms of leadership across the board politically
17:10
Speaker 4: and in terms of tech. I don't think people are
17:13
Speaker 4: planning for ten years. I think they're looking maybe two
17:15
Speaker 4: or three years out, and it's a little bit short sighted.
17:18
Speaker 1: I think Tim Cook was doing that too.
17:19
Speaker 2: We talked about this too, almost maybe two years ago
17:22
Speaker 2: when they were building the first Apple store in India
17:26
Speaker 2: and one of the people brought him a gift of
17:28
Speaker 2: the first macantized computer. And that was that was pre
17:32
Speaker 2: this this presidential campaign that Trump has been on. So
17:37
Speaker 2: they've already looked at it from a standpoint of what
17:40
Speaker 2: is the next space we can now build infrastructure in
17:44
Speaker 2: instead of maybe having the product. Now we're just spreading
17:47
Speaker 2: from a global standpoint where India is a market that
17:49
Speaker 2: we can now creep into and see some of those
17:52
Speaker 2: numbers that we're starting to decrease in China start to
17:54
Speaker 2: increase in a new economy. But it's crazy, man, Like
17:58
Speaker 2: you said the time it would take to get these
18:00
Speaker 2: factories up and running, and it just wouldn't It wouldn't
18:02
Speaker 2: even be done in his term. They didn't have to
18:06
Speaker 2: be five years, almost five to seven years out. So
18:09
Speaker 2: Trump saying like, if you build them here, there's no tariff. Yeah, right,
18:13
Speaker 2: but if you build them in India, we're going to
18:14
Speaker 2: put a twenty five percent tariff on it.
18:18
Speaker 4: Since I've never heard this be done to one company,
18:22
Speaker 4: Like I said, put it in chat if you know.
18:25
Speaker 1: A relationship with him, there was.
18:26
Speaker 2: There was the part where he talks about they had
18:28
Speaker 2: an understanding that he wouldn't be doing this. But if
18:30
Speaker 2: you look at the history of Apple, they were already
18:32
Speaker 2: constructed in India prior to all this. So the news
18:36
Speaker 2: just feels kind of it's like again.
18:38
Speaker 4: I mean, he did tell them, I want you to
18:40
Speaker 4: build here, and I think Tim thought that just right.
18:44
Speaker 2: India was okay, yep, they said they're gonna they agreed
18:48
Speaker 2: to the five hundred billion dollar investment in AI infrastructure
18:52
Speaker 2: over the next five years, which was the largest out
18:55
Speaker 2: of all of the Max sevens or the quote unquote
18:57
Speaker 2: Max sevens. They had the largest acclivation of funds to it.
19:02
Speaker 2: And so on top of that, they're still building the factories.
19:05
Speaker 2: But now, I mean, I think they said they lost
19:07
Speaker 2: over a nine hundred million last quarter, which is not
19:12
Speaker 2: I mean when you have one hundred and ten billion.
19:16
Speaker 4: But rely software from SAM. But yeah, this is what
19:22
Speaker 4: happens when you have temperamental leadership. At least with a
19:25
Speaker 4: rigid leader or a militant leader, you at least know
19:27
Speaker 4: what cards you're dealing with.
19:29
Speaker 1: They're not adjusting on the three months.
19:31
Speaker 4: I can't imagine Tim waking up and then hearing that
19:33
Speaker 4: news because I'm sure he found out on the news
19:36
Speaker 4: and not directly from Trump. It's like, what, I made
19:39
Speaker 4: this investment and now I'm still going to get a
19:41
Speaker 4: taxed directly on my company, knowing that I can't build
19:45
Speaker 4: that fact like like you said, it'll be six years
19:47
Speaker 4: before they are able to build in Chicago or Ohio
19:51
Speaker 4: to get a plant fully functional.
19:53
Speaker 2: It'll be in tech, it'll be in a state where
19:56
Speaker 2: the state tax is going to Texas is probably hope.
19:58
Speaker 1: So the HU yeah, yeah, Well so what do you
20:01
Speaker 1: think leaving in twenty twenty five? Now? Are we leaving
20:06
Speaker 1: twenty twenty five with Apple on the.
20:08
Speaker 2: Chessboard as one of those two tech two index in
20:12
Speaker 2: the portfolio?
20:13
Speaker 1: And always I said it's a stock club.
20:15
Speaker 4: Privately Apple will become by twenty thirty a high value
20:20
Speaker 4: index fund.
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Speaker 1: You have your eternalized.
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Speaker 5: An illegal alien from Guatemala charged with raping a child
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Speaker 5: in Massachusetts. An MS thirteen gang member from Al Salvador
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Speaker 5: accused of murdering a Texas man of Venezuelan charged with
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Speaker 5: filming and selling child pornography in Michigan. These are just
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Speaker 5: some of the heinous migrant criminals caught because of President
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Speaker 5: Donald J. Trump's leadership. I'm Christy Noman, the United States
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Speaker 5: Secretary of Homeland Security. Under President Trump, attempted illegal border
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Speaker 5: crossings are at the lowest levels ever recorded, and over
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Speaker 5: one hundred thousand illegal aliens have been arrested. If you
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Speaker 5: were here illegally, your next you will be fine nearly
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Speaker 5: one thousand dollars a day, imprisoned and deported, you will
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Speaker 5: never return. But if you register using our CBP home
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Speaker 5: app and leave now. You could be allowed to return legally.
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Speaker 5: Do what's right. Leave now. Under President Trump America's laws,
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Speaker 5: border and families will be protected.
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Speaker 1: Sponsored by the United States Department of Homeland Security,