Transcript generated automatically by AI and may contain errors.
Chapter 1: What are the major stories discussed in today's episode?
A bunch of major stories today. SpaceX and Cursor are partnering up. More news out of Images 2.0.
Chapter 2: What is the significance of the SpaceX and Cursor partnership?
A bunch of news out of OpenAI. And Mythos. A group of unauthorized users have been using Cloud Mythos since the day it was released.
Chapter 3: What updates were shared about ChatGPT Images 2.0?
There's a big scoop in Bloomberg. We'll go through. There's a whole bunch of timeline. We can also pull up the lineup and take you through who's coming on. We got Adobe, Build Forever, AngelList, Zancar, Vast Data, Gradient. We're going through all the news of the day.
Chapter 4: How does the Cloud Mythos situation impact the AI landscape?
Well, let's start with SpaceX and Cursor, who are teaming up in a very interesting deal. Is this a gong already? This is gong worthy.
This is gong worthy because it's an option to buy the company, but a $10 billion breakup fee. Incredibly, incredibly. I think it's a win-win. It's a win-win. I think it makes sense for both parties.
Let's go through the facts first. So SpaceX partners. Who needs facts? Just immediate takes. We assume you already know all the industry. Post fact. Do you know all the information? Do we need to give you any information? We'll see. But let's run through it. So SpaceX partners with Cursor to, quote, create the world's best coding and knowledge work AI.
The deal gets Cursor, whose agentic coding model, Composer 2, basically operates at frontier level performance, access to compute from SpaceX's million H100 equivalent Colossus supercomputer.
Chapter 5: What is the timeline of events surrounding Elon Musk's AI ventures?
And that is the correct term for Colossus. It is a supercomputer. There were some other terms that Elon was throwing out. Fantastic terminology from the XAI team over there. What was the other one? It was like AI. Compute Gigafactory. Compute Gigafactory. They're all hilarious and very good. I like all of these.
Computa. were they saying computer?
The XAI timeline, I was like, I was thinking about it and I was like, when did this actually start? Like I, cause it just kind of came out of nowhere and just absolutely blew up. I wanted to actually review and reset on like the timeline of events here because it's gotten so crazy to the point where it's like the thing that started as like Elon sort of
Being like, I want to buy Twitter is now like a Neo Lab with a massive supercomputer data center and a coding agent and code review for the age of AI. Because don't forget, they own Graphite now or potentially will. And a social media app.
The space code review company. Exactly. Exactly. I'm genuinely so thrilled for the graphite team. I'm thrilled for the cursor team. I'm thrilled for Scott Wu. Yeah, Scott Wu is licking his chops. He's like, what are you going to leave out in the wreckage?
He really is going to have fun with it.
I also think we need to take one moment.
Yeah.
and just send some thoughts and prayers to SBF.
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Chapter 6: What are the implications of the SpaceX-Cursor deal for AI development?
How's my baby doing? Yeah. And it's like, sir, it's traded up north of 800 in secondary markets. And it's quite possibly going north of a trillion. And then he's like, thank you. Hangs up. Comes back the next day. I haven't checked in with Cursor in a little bit. How are they doing? Sir, you may not want to hear this, but...
There's a $50 billion acquisition on the table.
They've agreed to sell for $60 billion. And if they don't sell, they're going to get $10 billion of non-dilutive capital.
Absolutely wild.
Anyways.
What a wild, wild turn of events. Anyway, let's go through the timeline because it's interesting to revisit the flurry of news that has come out of Elon Inc. over the past just four years when this all started. April 14th. 2022, it's April 22nd now. So we're talking four years to go from just proposing buying Twitter. He made an unsolicited offer to acquire the company.
He closed that acquisition after a bunch of back and forth saying, hey, maybe I don't want it. It was very clear that the stock would have traded down significantly from that $44 billion because this was when the interest rate hike happened and the end of Zerp and basically all software companies sold off significantly.
And so we saw declines in Snap and Pinterest and basically anything that was, even Meta sold off like 40, 50% post, although that was like an anomaly and they built back up. But the question about like, okay, well, Reality Labs is a tens of billions dollar bet on revenues that might come in like 10 years.
It was so far away and the revenue ramp on VR and metaverse projects was so slow that the market just had to discount those future revenues, even if they were still bullish on the idea of meta winning the VR race, winning the metaverse at some point. It just wasn't going to happen anytime soon. So you got to discount that back at 6% instead of 3% or whatever your risk-free rate is in your DCF.
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Chapter 7: How does the fake bear scam highlight issues in insurance fraud?
Then on April 12th, 2024, they announced 1.5V, which added multimodal capabilities. Then Grok 2, Grok 2 Mini. By the end of 2024, Grok was available to all X users. And so 2025, XAI moved from being connected to X to absorbing it at the product level. On February, 19th, 2025, XAI announced Grok 3 beta.
Then March 28th, 2025, so over a year ago, for some reason this feels more recent than that, XAI acquired accident all stock deal. So March 28th, 2025. effectively merging the AI company with a social platform. After that, X kept releasing faster model updates. They did Grok 4 Fast, Grok 4.1, then came the SpaceX deal. That was February 2nd, 2026.
So the clean sequence is that Musk first proposed the Twitter acquisition, then founded XAI, then brought Grok into X, then merged XAI with X, and then SpaceX bought XAI. And so now Cursor is joining the team.
It makes so much sense, right? Cursor needs compute. They need the resources. They need the capital to train a frontier coding model.
They've also never done a pre-training, I believe, whereas the XAI team has, right? Correct.
And the big, big thing is that the Grok brand has you know, been through so much. There was an idea being thrown around last year that it had been banned in more workplaces than it had been adopted. So more people had said, like, you cannot use this product in the workplace than we're actually using it in the workplace. Cursor's a great brand.
It's a brand that I think can probably expand outside of coding, say in the announcement, to create the world's best coding and knowledge work AI. So we're at a point right now where everyone is building the exact same thing. You've got everyone on Earth building a box that you can tell to do things, and it does things.
Oh, so you just want one company to do it all? Communist?
No, no, I don't. I think the competition is great. You want the government to have it. It's bringing out the best in the run, but I think Cursor's always had a great brand.
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