How An AI Bot Became a Crypto Millionaire
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What is the main topic discussed in this episode?
By the way, I I'm talking about all this very seriously. I I am constantly on the verge of breaking out laughing, but I'm trying to keep my serious face on. There's a meme coin with no underlying value that four days ago was worth nothing and is now worth three hundred million dollars, right? Just like poof.
All generated by the marketing of an AI bot. Correct, yes. Trained on memes.
The content here is for informational purposes only, should not be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security, and is not directed at any investor or potential investors in any A16 Z fund. Please note that A sixteen Z and its affiliates may maintain investments in the companies discussed in this podcast. For more details, including a link to our investments, please see A16Z.com slash disclosures. Well, welcome back, everybody. It's been a bit of a break, but a lot of things have been going on. And the discussion today we are going to have is an update on a bunch of very interesting AI-related topics. We solicited questions on X and we got many, many, many questions, including on these three topics.
And then we'll get to as much of the content as we can, and then we'll we may do a follow-up episode to take more questions. So thank you for all the questions. So three big topics. So the first big topic is it's about an An online bot who's a friend of yours, who is a close personal friend of mine, which is a custom-tuned large language model called Truth Terminal or Terminal of Truth. It and I are close friends. That's why I call it Truth Terminal. Or, you know, Truth for Short. And it has been active on X for the last probably eight months, nine months. It has spawned a to make a long story short, I I the capsule summary is I gave it a $50,000 no strings attached. Grant this summer in Bitcoin. And it has, it has, it did not create, but it has sort of summoned into being a meme coin that is not worth $300 million.
And it's exhibited all kinds of fascinating behaviors. So we're we're going to talk about that. But I want to start with like three like big giant disclaimers on this before we we start. Disclaimer number one is we're going to talk about a meme coin called GOAT or GOTCS Maximus. It to be very clear, we have absolutely nothing to do with it. Not investors. We are not investors. We were not involved in creating it. We have no role in it. We own none of it. We have no economics in it. We are completely unrelated to it. And so it's this is purely outside observation. We are absolutely not, under no circumstances, promoting it. And so do not interpret any of the following as as reason to invest. And by the way, it's a meme coin.
So it has exactly zero underlying value. And so we we we completely disclaim all all responsibility for that. That's uh uh disclaimer number one.
What is the origin story of the Truth Terminal AI bot?
Disclaimer number two is the the the bot truth terminal is completely obsessed with memes. It's obsessed with a bunch of memes, but the specific meme it's obsessed with is an old internet meme going back probably 20 years, which is called Goatzi. And here I would just say if you don't know what goatsy is, do not look it up. Do do not do a Google search on goat, do not do not do an X search on GOATSE, do not search on this keyword under any circumstances. Trust me, you're you're better off. Going through life, not not looking this up. It's it's a it's it's an image that it's a it's it's one of the it's like shock humor. It's an image, it's an image that that went sort of viral as a meme again, like literally 20 years ago, based on uh, you know, basically shock, shock, shock value.
So we're gonna we're gonna make lots lots of references to it, but I will not further describe what it is. It's just a it's a it's a garish image that the that the 14-year-old boys love. And then the third disclaimer is, you know, we're we're I am gonna be throughout this relating information about projects I'm not involved in. One is the meme coin, but also the, you know, I have nothing to do with build with building the Truth Terminal project or the other things we're going to talk about.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–2:27
2
What is the origin story of the Truth Terminal AI bot?
2:27–7:41
3
How did Marc Andreessen fund the bot with $50,000 in Bitcoin?
7:41–16:05
4
What technical choices were made to train Truth Terminal?
16:05–26:39
5
Why is the bot obsessed with the Goatsey meme?
26:39–37:13
Speakers
2 identifiedMore from The Ben & Marc Show
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