Latest / Curtis Sliwa & Larry Mendte In The Morning / Rich DeMuro, host of ‘Rich on Tech’ on WOR Sundays interview

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Rich DeMuro, host of ‘Rich on Tech’ on WOR Sundays interview · Curtis Sliwa & Larry Mendte In The Morning

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  Speaker 1: Right on time, Rich DeMuro, Rich on Tech, heard every
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  Speaker 1: Sunday night from 8 to 11 here on 710WOR. The
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  Speaker 1: lead story yesterday, Anthropic, only in business five years, going
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  Speaker 1: to end up possibly putting out an IPO, and they
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  Speaker 1: think they can raise $ 2 trillion, $ 1 trillion more than
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  Speaker 1: Elon Musk. But explain this to me. They lost $ 81 billion.
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  Speaker 1: $ 81 billion. How is it that people are going to
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  Speaker 1: be investing money in a company that reports that they
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  Speaker 1: lost $ 81 billion?
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  Speaker 2: Well, it's the price of doing business and starting a
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  Speaker 2: business like this. I mean, we remember when Amazon started,
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  Speaker 2: they could not turn a profit for a long time.
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  Speaker 2: Tesla could not turn a profit for a long time.
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  Speaker 2: And then what happens is as these companies establish themselves,
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  Speaker 2: as the customers understand the need for what they are
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  Speaker 2: putting out there, that's when the money starts to come in.
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  Speaker 2: And obviously, we know Tesla has done pretty well. Amazon
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  Speaker 2: has done pretty well. That's what we expect with Anthropic
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  Speaker 2: because AI is becoming part and parcel for every company.
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  Speaker 2: And the kind of tools that Anthropic is putting out
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  Speaker 2: right now, yes, the coders are playing with them. The
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  Speaker 2: business people are playing with them. But when companies need
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  Speaker 2: to subscribe to AI as a service to run pretty
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  Speaker 2: much everything that they're doing, that's where a company like
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  Speaker 2: Anthropic can do really well.
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  Speaker 3: You know, I get these messages all the time that
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  Speaker 3: are really weird. Like, why won't you write me back
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  Speaker 3: as if it's someone that knows me? Or there's something
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  Speaker 3: wrong with your phone. We need to talk to you immediately.
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  Speaker 3: You know, please answer this text. I don't answer any
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  Speaker 3: of them because I just think it's a good idea.
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  Speaker 3: I think that if they really needed me, they'd call me.
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  Speaker 3: Are these scams? Are these people trying to scam me?
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  Speaker 2: Oh my gosh. I mean, the scams are everywhere. And
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  Speaker 2: it's funny, right now we're in, you know, obviously political season.
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  Speaker 2: So we're getting a lot of those texts as well.
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  Speaker 2: But no matter what, look, if you're getting a text message,
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  Speaker 2: it's funny you say that because I got a text
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  Speaker 2: message the other day and it said, hey, Rich, can
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  Speaker 2: we discuss this business proposal or whatever? And I just
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  Speaker 2: deleted it. And my wife comes home. She goes, hey,
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  Speaker 2: did you get that text from Jeff, our neighbor?
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  Speaker 3: I said, what?
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  Speaker 2: I just deleted it because I just assume anyone that's
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  Speaker 2: writing anything like that is a scam. And so it
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  Speaker 2: was a misunderstanding. I had to go into my deleted text,
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  Speaker 2: recover his conversation. And we're going to talk, it's not
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  Speaker 2: a business proposal. He wanted to pitch me on doing
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  Speaker 2: a story. But my point is, I just assume it's
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  Speaker 2: all fake. So yes, if you're getting a link in
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  Speaker 2: anything that's incoming, you have to be very critical of.
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  Speaker 2: If you're making the action a little bit safer, but
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  Speaker 2: if you're Googling for a phone number, if you're going
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  Speaker 2: to a random website, making a purchase from there, you
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  Speaker 2: always have to be careful.
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  Speaker 3: And there's a big one right now with the, they're
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  Speaker 3: saying that it's the FTC and you have to deactivate
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  Speaker 3: your phone. Is that right?
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  Speaker 2: Yeah, this one, I mean, there's just so many of
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  Speaker 2: these going around. The latest is you get a call,
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  Speaker 2: someone says they're an FTC official, and they say that
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  Speaker 2: your phone number has been listed doing illegal business activities overseas.
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  Speaker 2: So we need you to cooperate or we're going to
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  Speaker 2: shut off your phone number immediately. Now, as you can imagine,
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  Speaker 2: some people that get this call may be a little
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  Speaker 2: disoriented and saying, wait, what? I can't get rid of
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  Speaker 2: my number. I've had this forever. And so they will
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  Speaker 2: threaten to disconnect unless you send money or personal information.
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  Speaker 2: Do not do any of that stuff. Hang up. If
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  Speaker 2: it's a problem, they will get in touch with you
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  Speaker 2: the right way.
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  Speaker 1: Now, Rich, last Friday, there were lines and lines for
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  Speaker 1: the new Apple first foldable iPhone. What's your review of
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  Speaker 1: the opening days for all those who waited for hours
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  Speaker 1: and hours to get that in their hand?
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  Speaker 2: I mean, look, you're always going to have the Apple
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  Speaker 2: early adopters and the fans of this company want to
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  Speaker 2: test what's new from them. And the foldable phone, the
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  Speaker 2: iPhone Duo, yes, it went on sale on Friday. $ 2, 000,
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  Speaker 2: not an inexpensive proposition, but it's kind of neat. You've
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  Speaker 2: got this screen on the outside that's a little small.
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  Speaker 2: little bit wide and then you've got this nice big
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  Speaker 2: screen on the inside now I will tell you the
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  Speaker 2: outside screen is kind of a pain we're very used
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  Speaker 2: to our current phones that have a nice long screen
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  Speaker 2: this one is very short so you don't see all
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  Speaker 2: the content at once apps are trying to rewrite their
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  Speaker 2: you know code to make these apps look better it's
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  Speaker 2: not always the case but on that inside screen that
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  Speaker 2: it's just quite incredible you have basically the equivalent of
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  Speaker 2: an iPad mini in your pocket and in fact in
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  Speaker 2: my review That is how I use this device the most.
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  Speaker 2: I found myself just sitting on the couch, scrolling through websites,
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  Speaker 2: watching videos, reading magazines, all on that nice inner screen.
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  Speaker 2: It could also work as a Kindle because it has
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  Speaker 2: a matte finish. So I like that aspect. The biggest
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  Speaker 2: issue to me is the lack of Face ID. This
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  Speaker 2: does not use Face ID. It goes back to a
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  Speaker 2: fingerprint sensor, which I know sounds, okay, fine, we can
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  Speaker 2: do that. It takes a lot longer to open and
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  Speaker 2: use this device than you can imagine. And so it
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  Speaker 2: takes a little bit of work and you do notice
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  Speaker 2: that as you're using it. That's the biggest downside, I think.
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  Speaker 3: You know, of all the social media sites, I think
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  Speaker 3: the one that is, and they are legion, the amount
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  Speaker 3: of social media sites, the one that is the most impressive,
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  Speaker 3: the one that really stands alone is YouTube. And it's
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  Speaker 3: been around for a long time and nobody really has
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  Speaker 3: ever taken it on. I guess that's going to change now.
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  Speaker 2: That's going to change because Instagram, who famously does not
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  Speaker 2: like long form video on there, they are going to
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  Speaker 2: now allow certain creators to upload videos in a horizontal
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  Speaker 2: version up to 90 minutes long. And why are they
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  Speaker 2: doing this? Well, YouTube is eating their lunch when it
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  Speaker 2: comes to podcasts and daily shows. And basically anyone that thinks, okay,
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  Speaker 2: where can I upload this video? They're going to YouTube.
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  Speaker 2: And Instagram has been great. And TikTok has been great.
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  Speaker 2: for short form content. But guess what? A lot of
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  Speaker 2: people like watching long form content too. And there's a
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  Speaker 2: lot more podcasts out there that are doing this. And
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  Speaker 2: so Instagram is now allowing this to happen with certain podcasters, comedians, influencers,
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  Speaker 2: and basically it'll be the same thing. You're scrolling through Instagram,
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  Speaker 2: watching a real version of it, like a vertical video.
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  Speaker 2: And then you go, Oh, that's interesting. They said something cool.
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  Speaker 2: Let me tap in and I can watch the entire
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  Speaker 2: video on Instagram, or I can send that video to
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  Speaker 2: my TV.
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  Speaker 1: Rich, real quick, Microsoft is offering buyouts to 30% of
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  Speaker 1: their personnel, claiming it's because of AI. What prospects do
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  Speaker 1: those men and women have if they take the buyout
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  Speaker 1: in the future?
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  Speaker 2: Well, kind of a tough time right now for buyouts.
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  Speaker 2: 60,000 people is almost a quarter of their workforce. That's
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  Speaker 2: a lot of people looking for jobs in the time
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  Speaker 2: where companies are adapting. Microsoft, make no mistake, they're not
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  Speaker 2: hurting for money. They're just changing where they spend their money.
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  Speaker 2: So all these people that are being offered this buyout, Copilot, Finance,
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  Speaker 2: Human Resources, Xbox, Windows, those are all the places that
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  Speaker 2: are fine. Where the places are growing is people in sales, marketing, security, engineering.
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  Speaker 2: They can't leave. So it's about redistributing where they're spending
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  Speaker 2: their money. But these 60,000 people, yeah, they're going to
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  Speaker 2: be put in a job market where Every company right
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  Speaker 2: now is saying, I'm not sure we need to hire
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  Speaker 2: people right now because AI is changing our business as
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  Speaker 2: we speak. Let's just sit and wait and see when
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  Speaker 2: the dust clears to figure out what we're going to
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  Speaker 2: do next.
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  Speaker 3: Well, that's horrible news. Rich DeMuro, Rich on Tech, is
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  Speaker 3: heard Sunday nights from 8 to 11 p.m.
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  Speaker 1: On WOR.
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  Speaker 3: You can also talk to Rich at Rich on Tech
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  Speaker 3: on Instagram. He also has a lot of information there.
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  Speaker 3: Check it out. Thanks a lot, Rich.
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  Speaker 2: Thanks, guys. Appreciate it.