OpenAI and AMD's Megadeal, Sam Altman and Jony Ive’s Bumpy Start. Meta vs. Apple - Episode Artwork
Technology

OpenAI and AMD's Megadeal, Sam Altman and Jony Ive’s Bumpy Start. Meta vs. Apple

In this episode, we explore the groundbreaking partnership between OpenAI and AMD, which could see OpenAI acquiring up to 10% of AMD through a multi-billion dollar deal focused on AI data centers. We ...

OpenAI and AMD's Megadeal, Sam Altman and Jony Ive’s Bumpy Start. Meta vs. Apple
OpenAI and AMD's Megadeal, Sam Altman and Jony Ive’s Bumpy Start. Meta vs. Apple
Technology • 0:00 / 0:00

Interactive Transcript

spk_0 OpenAI and AMD sign a mega deal where OpenAI could end up owning 10% of AMD, Sam Altman
spk_0 and Johnny I have run into some turbulence in their quest to build an AI God device,
spk_0 Ann, Meta, and Apple and maybe the rest of the tech world are on a collision course.
spk_0 That's coming up with Spyglass's MG Seagler right after this.
spk_0 Capital One's tech team isn't just talking about multi-agentic AI. They already deployed one.
spk_0 It's called Chat Concierge and it's simplifying car shopping.
spk_0 Using self-reflection and layered reasoning with live API checks, it doesn't just help buyers
spk_0 find the car they love. It helps schedule a test drive, get pre-approved for financing,
spk_0 and estimate trade and value. Advanced, intuitive, and deployed. That's how they stack.
spk_0 That's technology at Capital One. Welcome to Big Technology Podcast where MG Seagler is here to
spk_0 make his first Monday of the month appearance. We have so much to talk about. We're going to cover
spk_0 the tie-up between OpenAI and AMD. The fact that in video and OpenAI's deal is really just a
spk_0 letter of intent. At this point, we also have Sam Altman and Johnny I have run into some bumps
spk_0 as they begin to build their AI device, Ann Meta and Apple, and maybe Amazon and Google all are
spk_0 basically on a collision course to build the same thing. We will take a look at how the progress
spk_0 is going on all fronts and who's winning. Right to see you again, MG, welcome back to the show.
spk_0 Great to be back, Alex. I know we say it every single time I'm on, but there's so much happening.
spk_0 There's always more happening. It's wild. This is sort of just playing out.
spk_0 I love how we catch up every month and I was looking at the headlines from just this morning.
spk_0 I said we could do a full show on that. Last month we were talking about the rollout of GPT-5
spk_0 and whether OpenAI has broken chat GPT with it. That is a distance memory.
spk_0 It feels like a decade ago.
spk_0 Let's begin, of course, with Sam Altman. A few weeks ago, you called out an interesting line
spk_0 in a post of his about abundant intelligence. It was seemingly a wink towards interesting things
spk_0 to come. First of all, Sam says in this post, very short post. He says, our vision is simple.
spk_0 We want to create a factory that can produce a gigawatt of new AI infrastructure every week,
spk_0 which is crazy. He says the execution of this will be extremely difficult. It will take us years
spk_0 to get to this milestone and it will require innovation at every level of the stack from chips
spk_0 to power to building to robotics. But we have been hard at work at this and believe it's possible.
spk_0 Over the next couple of months, we'll be talking about some of our plans and the partners we
spk_0 are working with to make this a reality. We have some interesting new ideas. He sort of left it
spk_0 at that. It seems like now with this deal with AMD, which we're going to get into the details of,
spk_0 which by the way, might have OpenAI ending up as a 10% owner of AMD. This is part of
spk_0 the interesting new ideas that Sam teased. Let's just start with the high level here. Are we
spk_0 starting to see Sam's plan come to fruition? It seems like this is part of it. It's so hard
spk_0 to analyze this in part because of what we kicked off with. Things are moving so fast.
spk_0 It's obviously impossible for us on the outside to know how much of these deals are coming together
spk_0 on the fly. There was the reporting about the Nvidia $100 billion deal, which led presumably to
spk_0 Sam's post there that you're talking about, that that came together while they were both on the
spk_0 overseas excursion with Trump and going around. They were able to hash out that deal one on one.
spk_0 With a deal like this now with AMD, you almost wonder, did a similar thing play out? Was Sam
spk_0 Lisa Sue traveling around somewhere? Did she pick up the phone when she saw that Nvidia deal and
spk_0 decide we need to figure out a deal basically over the next few days to be able to respond to that
spk_0 in some ways? When talking about Sam's post, it's unclear if he even knows all of the ways that
spk_0 this is going to go from his sort of nebulous talk about these interesting new ideas for financing.
spk_0 Also, that post, I felt the need to write about that both because I like the Sam Altman post
spk_0 criminology of it all and doing, breaking those down, especially when they're short as this one is.
spk_0 It's sort of I kicked off talking about it. It felt like this was basically written because Sam felt
spk_0 like, well, we just did a $100 billion deal with Nvidia. Someone should say something about it.
spk_0 It goes on for just a little bit with these very, again, nebulous and grandiose terms as he often does.
spk_0 But this was also tied to some other quotes that were coming out of this from other companies.
spk_0 I think one was, it's the new, one of the new co-ceos of Oracle also had alluded to these
spk_0 strange new financing mechanisms. Of course, Oracle's big partner with OpenAI too is everyone's
spk_0 big partner with everyone these days. But it's like, what's going on behind the scenes that all
spk_0 these folks are getting together and coming up with new accounting methods out of the blue that
spk_0 they're hinting at but not fully coming into? Yes, it's conceivable that this AMD deal is one of
spk_0 them or it's conceivable that this AMD deal came together at the last minute because of the other
spk_0 deals going on. I have to give Sam credit. He's someone who can write like we're going to be
spk_0 telling you about some interesting new ideas we have about financing and building. And most CEOs,
spk_0 I would say you would read that and be like, there's nothing there. But with Sam,
spk_0 we've seen that there is something there. And that's either, and maybe it's both of these options.
spk_0 I was going to say it's either a testament to his ability to turn momentum and ideas into business
spk_0 reality or a testament into the entire business world's blindly following this one man and putting
spk_0 so many billions of dollars behind what he's promising in the future that it's somewhat concerning.
spk_0 But I think we should just talk a little bit about the nature of this deal because it's such an
spk_0 interesting deal between OpenAI and AMD. So this is from the Wall Street Journal. OpenAI and chipmaker
spk_0 advanced micro devices announced a multi billion dollar partnership to collaborate on AI
spk_0 data centers that will run on AMD processors under the terms of the deal opening I committed to
spk_0 purchasing six gigawatts worth of AMD chips starting next year. The chat GPT maker will buy the chips
spk_0 either directly through it or through its cloud partners. AMD chief Lisa Sue said in an interview
spk_0 Sunday that the deal will result in tens of billions of dollars in new revenue for the chip company
spk_0 over the next half decade. Part of this OpenAI will receive warrants for up to 160 million AMD shares
spk_0 worth roughly 10% of the chip company at one cent per share awarded in phases. If OpenAI hits
spk_0 certain milestones for deployment. I have to admit MG this latest one. It's got my head spinning.
spk_0 So let's just think I can we recap it is it is not an investment in OpenAI. It is OpenAI's
spk_0 commitment to buy AMD chips. But as it buys these chips it gets ownership in AMD.
spk_0 This is what makes sense of this is this AMD giving away the company for OpenAI to buy its chips and
spk_0 is that really a purchase or is it just like and so on you go ahead and this is struggling.
spk_0 And again this is sort of late breaking news. So I even had too much time to sort of go over the
spk_0 details of it but at a high level from what you know the report is here it does seem like there's
spk_0 a number of things going on as always. But so the 10% thing is super interesting right because that's
spk_0 also oddly the number that Intel was supposedly selling to the government right like for for
spk_0 their deal and there's you know there's other ownerships trading hands obviously between Nvidia
spk_0 and Intel and then a bunch of other stuff going on. So it's like it all feels like the same
spk_0 sort of general playbook just being executed in different ways where it's like now of a sudden
spk_0 ownership is sort of table stakes to these deals right even when it's a company that's technically
spk_0 still a startup in OpenAI own would be owning up to 10% of a very public long standing public
spk_0 chip company in AMD and what on earth does that look like from a finance perspective like their
spk_0 books like how it's from again from what the reporting is like they have the right to buy those
spk_0 shares I think in warrants and so like I'm not sure that they necessarily will or but they could
spk_0 and and obviously as you noted it's sort of dependent on you know the business agreements between
spk_0 these two companies and then there's like the other layer where as you just noted it doesn't
spk_0 necessarily have to be OpenAI that's buying the chips right it could be one of their partners and so
spk_0 I mean it could be Nvidia technically I guess you know that would be buying AMD chips to help put
spk_0 together one of the Stargate operation things like because that's a layer of this too right that
spk_0 again stepping back at the highest level it seems like OpenAI realizes that they need to control
spk_0 their own destiny in many ways but certainly on the cost front and to the ultimate extreme they
spk_0 probably can't be paying one of the massive cloud providers be it you know Microsoft has
spk_0 it's been today and then sort of Oracle too now all of them they need to be able to control their
spk_0 costs in a better way and doing that means eventually at some point sort of controlling your own
spk_0 data centers to some extent and so it feels like a lot of these deals are coming together to allow
spk_0 OpenAI to put in place the building blocks to build their own data centers quite literally
spk_0 and this AMD deal presumably is also a part of that but again the wrinkle of it being one of the
spk_0 partners doing it again I think that that's related just thinking on the fly here related to
spk_0 Stargate partners being able to use it in their own data center so like Oracle famously controls the
spk_0 one right now in in Abilene Texas that's the only one that's actually being built right now in the
spk_0 process of being built while the others are still just sort of being signed and squared away and so
spk_0 again like who gets what rights to purchase you know the the processors who gets what's rights to
spk_0 purchase the shares and AMD and is AMD simply doing this again because it's sort of become like
spk_0 the table stakes thing and by the way it worked in terms of the narrative of it right like their stock
spk_0 is up a huge amount right now is flying because yeah right so like obviously that comes into play
spk_0 too they all see that these deals get done and then the stock goes through the roof because investors
spk_0 are excited all of a sudden again about about AMD because they're doing a similar deal to you know
spk_0 what what Nvidia and Intel and all the other players have done just want to pause on the 27% we've
spk_0 seen this is the second time we've seen something like this happen right AMD is up 27% today Oracle
spk_0 of course blasted into orbit when it made its deal with OpenAI we're gonna we're really not going
spk_0 to focus on the stock market in this show we're going to talk mostly about product and partnerships
spk_0 but it is worth noting right like this exuberance in the stock stock market is based off of
spk_0 infrastructure spend and not revenue it's all based off of revenue projections and those
spk_0 revenue projections are extremely aggressive especially when you consider the fact that enterprises
spk_0 are moving exceptionally slow here this is a reflect to me and so that goes back to my post the
spk_0 reason I wrote you know again off of riffing off of Sam's comments because the only thing that I could
spk_0 think about you know in my head of like what they were you know presumably talking about with this
spk_0 new method of financing or whatever it wasn't actually new method of financing it's it's basically
spk_0 using debt in a way to sort of get a flywheel going so that you know obviously leveraging debt especially
spk_0 for for data center buildouts and things of that nature is not there's nothing new but what you what
spk_0 you're sort of talk alluding to here is exactly what might be the new element of it in that
spk_0 they these players are all trading revenue and and you know again it starts with OpenAI agreeing
spk_0 to do these massive deals with another partner but as everyone knows this has been widely reported
spk_0 OpenAI doesn't have the money to do these you know the deals to the extent they don't have the money
spk_0 in the bank literally to do the deals you know to the extent that these these are talking about and so
spk_0 now we get these other deals like the new and video one where it's like they are promising to
spk_0 you know commit up to a hundred billion dollars it doesn't have to be that much it starts with 10
spk_0 right 10 it sounds like is is maybe committed depending on how how committed these two are to
spk_0 actually you know finalizing this deal but it's like 10 comes in at first and then another 10 comes
spk_0 in over you know and basically over nine tranches they would they would get this a hundred billion
spk_0 but the timing of that all like is there actual money going into bank accounts to pay for
spk_0 something you know physically being built at some point or is it all just being based off of
spk_0 like lines of credit you know just be chips maybe OpenAI is going to pay for these AMD chips
spk_0 within video chips maybe they're just going to take one of 10 Cis trucks of chips
spk_0 private over to Lisa Sue and be like we'll take 10% of your company right now I mean if these chips
spk_0 are really at the shortage limits that's everyone's projecting like they're worth more than
spk_0 their weight in gold and so you know like they are somewhat of of an actual value store I guess
spk_0 in that in that way but but you know the thing you're talking about how this makes you uncomfortable
spk_0 the obvious elephant in the room that again everyone will know is like if even the smallest
spk_0 slowdown happens not not even like a massive correction if a slowdown happens in in several
spk_0 of on several of these fronts on any number of sorry I should say on any one of these like several
spk_0 fronts that are going right now it can start like it seems like it would start a cascading effect
spk_0 that would potentially bring down the entire thing and then we got debt being called and we got
spk_0 people unable to pay and we've got new you know contracts being renegotiated and people taking out
spk_0 you know are just the bank own you know do banks start owning start some of this stuff and
spk_0 and does the government have to step in as you know they basically are clearly open to doing
spk_0 and deals like with Intel as we talked about and so there's all sorts of weird things that are
spk_0 happening right now that I don't think that there's a ton of precedent for in history right and as we
spk_0 sort of danced around or even mentioned so far there was a very interesting line in the Wall Street
spk_0 journal story where the reporter writes the Nvidia deal isn't completed yet the two companies have
spk_0 signed a letter of intent and have yet to disclose specific terms in a regulatory filing so
spk_0 is that is that actually happening I mean yeah I mean so and so there's a few things here one
spk_0 that what is up with open AI's letter of intense like love now you know they did the Microsoft
spk_0 one they announced with a you know a couple dozen words that they they had a agreement to agree
spk_0 with Microsoft on new terms but they have no actual terms to agree upon yet and so it's not a
spk_0 done deal now this Nvidia one is also basically an agreement to agree to you know a deal and
spk_0 you know you have to sort of wonder if AMD didn't see that and think like maybe we should swoop
spk_0 in here before this is a done deal and sort of get something else done and and you know in the
spk_0 report there they do say like and and I think Altman I saw it maybe it was even a tweet or he said
spk_0 it somewhere else but he sort of makes it clear that Nvidia is still like a main partner right this
spk_0 isn't like this isn't them switching horses you know in in the middle of a deal being done but there
spk_0 is you know to continue the analogy there is some level of jockeying that it feels like it's
spk_0 happening here right where it's like again maybe Lisa Sue saw that this deal was not finalized and
spk_0 so she could sort of come in and say what can we do you know alongside this if nothing else if
spk_0 we can't take some of this business then there's a whole like this is apparently for inference and
spk_0 you know obviously Nvidia is in that game too but wants to be own that game like they do with
spk_0 with actual model training right now you know and so there's that whole element there's the element
spk_0 of the Broadcom deal that that OpenAI has which maybe kickstarted some of these Nvidia
spk_0 deal talks between OpenAI and Nvidia so that they didn't go down the path fully of making their own
spk_0 chips sounds like they're still doing it but maybe not as fast as they would have previously because
spk_0 again they want to hold the whole stack as we talked about so yeah a lot a lot going on I'm not
spk_0 saying it's going to happen but I do think that you could in your mind imagine a scenario where you
spk_0 connect all these dots looking backwards from you know in the future where there is a collapse here
spk_0 and you could say how did we not like I think this was a blatant collapse waiting to happen the
spk_0 letters of intense the losses the size of the investment the fact that enterprises struggling to
spk_0 implement this stuff yes chat GPT or OpenAI is going to bring in 13 billion this year at least it's
spk_0 on track to do that but it's going to lose according to reports 120 billion by 2029 again like the
spk_0 caveat we always say and I think this is it's a very freaking important caveat is that the technology's
spk_0 real chat GPT and and and all these GPT's are all these LLNs are getting getting better as we go
spk_0 but the financing definitely is is wonky say the least yeah and it feels a bit like you know when
spk_0 you do slow down for a second and try to think about this it feels like a shock and awe campaign
spk_0 meant to leverage speed and I do think that this is basically what OpenAI is running a playbook
spk_0 of of like leveraging the fact that as they keep talking about like this is a unique moment in time
spk_0 we need to move as fast as possible we have there's so much this is this is the race to AGI or
spk_0 super intelligence and and we need to do this right now we can't wait if you're waiting someone
spk_0 else is going to step in and do these deals like you're either in or you're out and just using
spk_0 that time pressure to basically force the hands of people into pretty uncomfortable what would
spk_0 normally be pretty certainly for a CFO a very uncomfortable calculation to to make in these
spk_0 situations right and I guess there is some logic to them doing that right and it is for sure
spk_0 it's the competition right and there's this there's this there's a count that I follow on on XR
spk_0 seems to pop up my timeline all the time you can't tell the way follow anymore because of our
spk_0 algorithmic overlords but it's a person's name is Borghoff and Borghoff says Google Anthropic
spk_0 and open AI are currently fighting a war of attrition the problem for the latter two is their
spk_0 cash comes not from clients but from investors while Google is profitable and no longer losing
spk_0 users add this to the fact that among the three only Google has its own infinite supply of GPUs
spk_0 for the price of peanuts and draw your conclusion on how this war of attrition will end now obviously
spk_0 this person is is very bullish on Google winning this this moment it's quite possible
spk_0 but I think maybe that's the sort of open AI fully understands the fact that it's managed up
spk_0 against them by the way also open AI also sorry meta and Elon and then you sort of see why we have
spk_0 this rush the way it's up it's yeah completely unprecedented to have this many massive players with
spk_0 this amount of capital being able to be put to work but I totally agree with that stance and I've
spk_0 written a little bit about this like the even before yeah the riffing off of Sam's newest post it was
spk_0 the the main thing I've been sort of dancing around and finally was able to put this down but it's
spk_0 like it really does feel to me at least at this moment in time given that meta obviously is struggling
spk_0 a bit but is trying to reboot the system Elon like they're losing a lot of people like there's a lot
spk_0 of weird stuff going on there there's a lot of spend going on there he can fundraise like no other
spk_0 of course so you know he's he's good for it now but like there's weirdness there and
spk_0 the topic is a different beast it feels like you know with their Martin their marketing campaign
spk_0 sort of plays to that like are they going to be now set up as the the anti open AI type play
spk_0 but at a lower level and then so to me anyway long winded way of saying it feels like this is
spk_0 basically right now as it stands a two horse race between open AI and Google and I do think that
spk_0 open AI looks at Google and just says like oh my god they have everything that they need to do this
spk_0 at scale while as you noted not having to burn investor capital they had they they're insanely
spk_0 profitable they can do this on their own and by the way unlike meta which is also profitable and
spk_0 zuck talks up like yeah we can we can fund this via profits which is true but they don't have the
spk_0 cloud infrastructure that Google does and they don't have the to CPUs that Google does and they don't
spk_0 have all of the sort of other various expertise to sort of scale this type of unprecedented massive
spk_0 build out scale that Google is able to do and so I think Sam and everyone else at open AI just says
spk_0 like there's a lot going on all these things are varying degrees of noise and some is real
spk_0 competition but Google is the one that really has the opportunity and so my headline idea was
spk_0 basically open AI needs to build Google Cloud before Google can build chat GPT right and that's
spk_0 how it goes yeah yeah a couple more things on this it's just so many interesting aspects to this
spk_0 and that and speaking of Sam Altman criminology let's take a look at the tweet that you referenced
spk_0 excited to partner with AMD to use their chips to serve our users this is from Sam he says this
spk_0 all incremental to our work with Nvidia and we plan to increase our Nvidia purchasing over time and
spk_0 a stuit ex-user said everyone is scared of jensen this post mentions Nvidia more times than AMD
spk_0 despite the deal being about AMD jensen might bump them down in the preference list due to this
spk_0 what do you think yeah and I'm glad you found that one because yes that I think I saw that quickly
spk_0 and that is a great point about it and and that's another thing that's at play here like and also why
spk_0 it felt like at least a part of why open AI and Nvidia struck that deal it's like
spk_0 right now if you want to be a main player in this game you've obviously got to work with Nvidia and
spk_0 as everyone knows like while they'll they say they don't play favorites like if they're going to
spk_0 invest whatever a hundred billion dollars into you like you're going to get access to their chips
spk_0 like they're not going to screw you over but if you did a deal with AMD you know behind their back
spk_0 like maybe you're not first in line for those chips anymore and so I think you have to sort of
spk_0 like you have to do with president trump you got to sort of do the public
spk_0 fealty and show and show who's really in charge okay here's my last question about this
spk_0 why would open AI want to own 10% of AMD I cannot figure out why it is advantageous for them other
spk_0 than I don't know you tell me what's the deal I'm sort of at a loss too for that I think like again
spk_0 the only thing I would come back to is what I said earlier it's like this is now become like a
spk_0 weird table stakes thing of like these companies trading ownership you know and quite high percentages
spk_0 of ownership within you know each other there's there's going to be subsequent reporting about this
spk_0 obviously as to why that part became a big part of it but it does it's like I think Lisa Sue has
spk_0 a quote in there of like saying that it aligns their interests because open AI you know well now
spk_0 obviously have a potentially have an ownership stake in AMD and so they'll be aligned about like
spk_0 you know making sure that they're along for the ride you know wherever that ride takes them I guess
spk_0 but like yeah that's it's a public company selling up to 10% of of their shares it's like and again
spk_0 it's a private company buying it's like very very strange I guess open AI might like it because
spk_0 it's like just something else to have on the balance sheet when if and when they go public and they
spk_0 can say like look we have these shares were 10% of AMD and it's worth X you know hundreds of
spk_0 whatever it is billions of dollars and I don't know I'm sort of drawing its draws here
spk_0 right and now Microsoft and Nvidia are going to own AMD as well for the money that they put in
spk_0 yeah help in directly open AI build a GI well if you don't get a GI you can get some AMD shares
spk_0 it's a not the best constellation prize but worth it's worth more than nothing
spk_0 so weird okay what is this compute going to be useful on the other side of this break
spk_0 mgni are going to talk about Sam Altman and Johnny ives attempt to build an AI device
spk_0 and but why that is running into trouble because of a lack of among other things compute we'll be
spk_0 back right after this capital ones tech team isn't just talking about multi-agentic AI they already
spk_0 deployed one it's called chat concierge and it's simplifying car shopping using self-reflection
spk_0 and layered reasoning with live API checks it doesn't just help buyers find the car they love
spk_0 it helps schedule a test drive get pre-approved for financing and estimate trade and value
spk_0 advanced intuitive and deployed that's how they stack that's technology at capital one
spk_0 what the hell is going on right now and why is it happening like this at wired we're obsessed with
spk_0 getting to the bottom of those questions on a daily basis and maybe you are too i'm Katie drummin
spk_0 the global editorial director of wired and i'm hosting our new podcast series the big interview
spk_0 each week i'll sit down with some of the most interesting provocative and influential people
spk_0 who are shaping our right now big interview conversations are fun i want a shark that that eats
spk_0 the internet that turns it all off unfiltered and unafraid so in a lot of ways i try to be an antidote
spk_0 to the unimaginable faucet of reactionary content that you see online to the best of my ability
spk_0 every week we're going to offer you the ultimate luxury of our times meaning and context true or false
spk_0 you Brian Johnson the man sitting across from me one day at some point as of yet undefined in the
spk_0 future you will die false tell me more listen to the big interview right now in the same place you
spk_0 find wired's uncanny valley podcast subscriber follow wherever you get your podcasts
spk_0 and we're back here on big technology podcast with mg seecler is the author of spyglass which you
spk_0 can find at spyglass.org lots of great stories and they're really an impressive September from
spk_0 umg it's just like going through the stories before we talked and i you are my go-to source for
spk_0 basically everything that's happening in this crazy world including this very interesting
spk_0 report that we have coming out really over the weekend today about how sam ultman and johnny ivar
spk_0 hitting some speed bumps shall we say with their secretive AI device i'll read from the ft
spk_0 briefly open AI and start designer johnny ivar grappling with a series of technical issues with
spk_0 their secretive new AI device as they push to launch a blockbuster tech product next year
spk_0 their aim is to create a pompous device with the screen that can take audio and visual and visual
spk_0 cues from the physical environment and respond to users requests. Open AI and i have yet to solve
spk_0 critical problems that could delay the device is released though these include deciding on the
spk_0 assistance personality privacy issues and budgeting for the computing power needed to run open AI
spk_0 models on a mess computer device and there's a person that tells the ft somebody close to ive
spk_0 that compute is a huge factor in the delay amazon has the compute for lexas so does google
spk_0 but open AI is struggling to get enough compute for chat gpt let alone an a i device they need to
spk_0 fix that first all right we're going to talk about the nature of this device because we're getting
spk_0 like a picture of what it's going to look like but first on the significance of somebody close to
spk_0 ive complaining to the ft that open AI doesn't have enough compute for this device to run
spk_0 that to me is pretty interesting and i think not a good sign and this is a multi billion dollar
spk_0 tie up it's not a good sign for the fact that somebody close to ive is saying this you know
spk_0 first story about the device hitting speed speed bumps what do you think mg?
spk_0 yeah yeah the behind the scenes element of that is super interesting you have to wonder
spk_0 it to me it sort of felt almost as if it's you know probably i don't want to say it's an intentional
spk_0 leak but i do feel like it's directionally interesting that they're basically telling the
spk_0 market that this device is not going to be on time like it because their original reports right
spk_0 where that it was going to be probably sometime at the end of next year the end of 26 and so you
spk_0 this to me signals that this is more like a 2027 type thing now and i think that that sort of quote
spk_0 maybe helps that you know get out there so people aren't expecting you know have a countdown
spk_0 all of a sudden for a year from now when when this device doesn't hit the market but i also think
spk_0 like there's a lot in that in that report including yeah like what this device you know potentially
spk_0 is they don't come out and say it directly but you know a lot i think a lot of us who read those
spk_0 original like reports when the when the two sides both started working together but then obviously
spk_0 when the acquisition happened which also feels like 20 years ago but was only a few months ago
spk_0 uh which is again wild um but i think you know we all sort of zeroed in on it being not necessarily
spk_0 awareable even though that was you know what meta and you know others were working on
spk_0 but that it could be some sort of thing that's um you know a voice first device that uh you carry
spk_0 around alongside at least a start certainly a smartphone so it's a complimentary device to a
spk_0 smartphone and um so there's there's that element of it and then yeah the data element of like
spk_0 what would be required to make this work it's sort of i'm i'm curious why that compute complaint
spk_0 is in place other than the general compute complaint that we're seeing with Sora and everything
spk_0 else right now right like they're always compute constrained to some degree and you know right now
spk_0 they're rate limiting the creation of Sora videos uh they they just jumped it down i saw recently
spk_0 from a hundred in 24 hours because i keep hitting it uh to now it's 30 uh and so they're really
spk_0 feeling constraints it feels like or feeling the the compute pressure on that and so
spk_0 with it this presumed voice first device the the report is that there will be cameras involved with it
spk_0 too like is that really going to be that big of a data hog and maybe the part of it that is is
spk_0 the fact that it's apparently always listening it's always on always maybe recording um so that's
spk_0 maybe part of it but um it's it's a curious it's a curious bit of reporting that that's like the
spk_0 issue one of the main issues right and i think what you're getting at is the compute shouldn't be
spk_0 the main i mean obviously it's an issue it shouldn't be the main the main thing i would stop a rollout
spk_0 yeah they could just limit it was yeah right and even if it was and you and someone from Johnny
spk_0 ives team wanted to leak out that we're having some issues um you know the fact that
spk_0 they the leak was not just we're delayed but finger pointing to me points to the idea that these
spk_0 teams aren't working well i mean like if you have a sports team and they collapse right a sports
spk_0 team that loses a couple games you hear the athletes and they're always like we need to do better
spk_0 as a team we need to get better and then let's say they lose six games in a row and i'm familiar
spk_0 with this because all of my teams lose six games in a row that's when they start finger pointing
spk_0 and they say well the defense wasn't holding up it's part of the bargain or you know we we really
spk_0 you know our our hitters at the bottom of the order need a need to come through and for them to say
spk_0 open a i is struggling to get enough compute for chat GPT let alone an a i device they need to fix
spk_0 that oof that is that the fact that someone would go to the ft with that is is i think fairly
spk_0 concerning hearing you say that now it sort of brings into my mind like the idea of sort of what
spk_0 we were talking about with Sora because that's like the the prime example of of their compute
spk_0 constraint at the moment at least forward facing wise but it sort of feels like okay there's all
spk_0 these different things going on at at open a i in the moment and now famously they brought in
spk_0 another CEO to help to help deal with all that in in fiji cemu cemu and uh um so it feels like
spk_0 there's maybe some jockeying happening for making sure that each team gets their level of compute
spk_0 that they want to get or feel like they need to get in order to uh to fully be able to to bring
spk_0 their product to market and again like that happens to be the time when soira is really sort of
spk_0 just blowing up their servers at the moment but obviously they're working on other models and
spk_0 there's other needs for compute that are going on behind the scenes there's other products there's
spk_0 all the agentic work that they're doing um and uh you know it feels like maybe this is just a way
spk_0 to ensure that like hey you guys spent a lot of money to bring on the ioteam we need art to make
spk_0 sure that we have our uh our resources to yeah i think that's what they feel like they're not
spk_0 getting them for some reason now that you contextualize it i think that's that's the exact right read
spk_0 and it sort of sparks in my mind the fact that this has always been an issue at open a i
spk_0 teams fighting for compute and i think the safety teams you know of yesterday that got upset and left
spk_0 uh got upset mainly of over the fact that they didn't have uh enough compute to either steer the
spk_0 product road map or do the checks that they wanted to or the experiments that they wanted to so
spk_0 let's say and it's also like what what microsoft you know remember like that's what open ais main
spk_0 complaint about was was with microsoft like that they're not getting the resources that they need
spk_0 and they feel like they're you know microsoft's working on their own projects and why aren't you
spk_0 being fully committed to helping us and and you know so now it's moved internal right and uh let's talk
spk_0 a little bit about what this device is because we we did get some interesting detail about what it's
spk_0 going to be so this is from the ft report it's roughly the size of a smartphone users communicate
spk_0 with it through a camera microphone and speaker it is designed to sit on a desk or a table but it
spk_0 can also be carried around by the user the device is always on rather than triggered by word or
spk_0 prompt its sensors gather data through the day uh that would help it build its virtual assistance
spk_0 memory um one issue uh it is ensuring the device only times in when useful preventing it from talking
spk_0 too much or not knowing when to finish the conversation an ongoing issue with chat GPT it's
spk_0 interesting um it sort of reminds me of the the friend dot com pendant yeah uh for sure friend
spk_0 limitless there's a but there's a few others right and obviously humane r ip and uh and and rabbit
spk_0 which also feels like decades ago that that came out um but yeah there it does again this
spk_0 it feels a bit obvious that this is the path that they were going to go down um i i feel like this is
spk_0 and and i'm somewhat biased because i've like long written about this dating back a decade where i
spk_0 thought that there would be like you know these vocal computing devices not just Alexa but like yeah
spk_0 on the go and and always on you type things um and it hasn't played out exactly that way yet but i do
spk_0 again i feel like it's just a matter of time until someone nails these and i do think that
spk_0 when when opening i rolled out GPT 40 and alongside that they did the voice element of it which
spk_0 obviously they famously got in in trouble with for the scarlet joe handsen voice which is what
spk_0 mainly what people remember now but if you remember back then you know it was about a year a little
spk_0 over a year ago i think it was um it was just insanely impressive like voice technology right
spk_0 compared to what the state of the art had been up until then and it's been you know getting better
spk_0 and now obviously jiminai and everyone else has it integrated uh within their systems as well but
spk_0 it feels like Alexa and seary and the first sort of versions of these these types of vocal computing
spk_0 devices they focus so much on like the individual devices and the sort of rudimentary utility stuff
spk_0 i just triggered all of my devices in my office here but um and so once once they did that it's
spk_0 sort of held them back from being able to do like the newfangled versions of these obviously they
spk_0 couldn't have known at the time where l alums would go and and how this would uh how this would
spk_0 evolve but it feels like with that GPT 40 rollout all that time ago and now the continued evolution
spk_0 the voice computing element is there where it needs to be for a device like this to work but the hardware
spk_0 part is now the hard part which is always the hard part but you know companies like amazon or apple
spk_0 or google can figure that out because they have their massive companies at scale question is if open
spk_0 AI can do it with the team that johnny i they acquired with johnny ives team and the team most
spk_0 importantly that he brought over from apple who has done this at scale for decades and this brings
spk_0 me to this idea that they're all sort of all these products are consolidating in some way yeah
spk_0 like we just named a bunch of companies open AI amazon google facebook apple uh they're all it
spk_0 seems like they're all building the same thing and and so the hard the hardware might be the tough
spk_0 part but then you sort of well you'll eventually probably differentiate based off of the assistant
spk_0 inside and this was your take about uh what's what's going on with with the opening i device compared to
spk_0 the apple apple device uh that we're going to see so so you write just imagine a world in which johnny
spk_0 ives introduces opening eyes first hardware a small screenless digital companion for your life
spk_0 at the same time that apple unveils their next hardware a pair of glasses with cameras on your face
spk_0 and perhaps a screen in your eye one runs on chat GPT the other on seary that would be quite the
spk_0 dichotomy and it's sort of angling that way right like these the timelines are sort of starting
spk_0 to line up especially with what we're talking about with delays you know potentially it's a open
spk_0 AI's device and where we know that apple from the you know most recent markerman report is uh
spk_0 is dropping sort of vision pro work to to go for a full steam ahead on these these smart glasses
spk_0 to compete protect you know presumably with meta um and meet them in market and there's the whole
spk_0 subtext thing going on with johnny ive being you know perhaps upset about the world that he helped us
spk_0 are in right with screens and and everything else with the iPhone and the fact that not only is apple
spk_0 now you know going full steam ahead on on glasses with cameras but if they're the you know
spk_0 again the reports are that they're going to go down the path that metadjust did with with the screen
spk_0 in the eye like now we've screens in our eyes uh and and johnny ive is making trying to make advice
spk_0 with zero screens um and so that is a very interesting budding a budding of heads i i would well the
spk_0 only other thing i would add to that that i didn't write about in there but i would be i'm slightly
spk_0 concerned that there's too much focus on it being a screenless device perhaps right like
spk_0 i'm not saying that it needs to be another smartphone certainly and i do think that there's probably
spk_0 a world and i think there's increasingly a world where people are maybe you know happy to move
spk_0 at least a bit away from from being reliant on a smartphone but i'm also worried a little bit that
spk_0 it would be harder to use with zero screens you know like there's sometimes when you just need a
spk_0 screen for something to showcase versus doing it orally or um or via another mechanism now maybe
spk_0 they could say well they'll send a notification to your phone if they if there's something they need
spk_0 to show you or something like that but i'm a little worried that it's uh it's it's trying to do it
spk_0 just to make a point about anti screens uh at the same time the other the flip side of that would be
spk_0 a screen as everyone knows is the biggest battery draw of any of devices and so like if they could
spk_0 do without a screen they can do a lot better in a all day battery life and maybe weak battery life
spk_0 i think they're all gonna go screen i remember when amazon announced the echo device and it was
spk_0 so cool because it glowed at the top and talked to you and we had uh panos pene from amazon had
spk_0 of devices and services on the show in march and he be seached me to go get the echo show with the
spk_0 screen and said the experience wasn't gonna be the same without and i think all these devices will
spk_0 end up getting there and it's just kind of interesting how they're all converging in their own way
spk_0 let me see if i get this right you have open a i pushing apple on the assistant device you have
spk_0 met a pushing apple towards glasses you have amazon getting pushed by everybody to have a better
spk_0 Alexa you have google kind of standing out there to the side but it has uh ambient gem and i in
spk_0 is also working on glasses and amazon apparently is amazon work on glasses
spk_0 yeah is the is the tech world's just is all our all tech products and services just converging to this
spk_0 you know eventual yet to be named singular interface with assistant inside
spk_0 um that actually reminds me of one one sub point of of my piece which was um
spk_0 while i just said you know the the negative side of like the no screen thing i do think it's
spk_0 interesting that open i is trying to go down at least a little bit different of a pet like
spk_0 you won't see presumably unless there's success from it from someone be it open air or someone else
spk_0 i don't think you'll see apple do like yeah like a screenless a i device i don't think you'll see
spk_0 except for the glasses they could do the glasses with no screen that's true and it sounds
spk_0 like the first version will be but i mean like um a third sort of a secondary piece of hardware
spk_0 yeah like exactly what is rumored to be you know what open air is working on it feels like they're
spk_0 the only ones besides those startups as we mentioned that are going down that path at least right now
spk_0 now you could say alexa it kind of trigger it again is sort of like that um in a way right but it's
spk_0 but obviously meant for to be plugged in and and you don't take it with you um but i think you're
spk_0 right obviously everyone is is sort of coalescing around these same ideas including the startups all
spk_0 working on the things that we noted um and the answer to that is like i just think everyone is
spk_0 still trying to figure out like what the next device is despite all of the a i hype and and
spk_0 everything that we've been talking about and obviously everyone you know we're real believers in
spk_0 it but we're unsure about the the financing models for it but everyone believes in the technology
spk_0 angle of it but it's still at the end of the day people are looking for the next device because
spk_0 they think that this can be the next thing that becomes like the massive platform in the next
spk_0 iPhone right and um i'm still of the mindset that's the more boring mindset that's like nothing's
spk_0 ever going to be the scale again of of what the iPhone achieved and instead it's going to be all
spk_0 of these devices all a bunch of different devices including glasses including your smartphone
spk_0 and maybe you know potentially including a a chat pin walk around thing desktop device whatever it
spk_0 is um and and several other things you know along those lines um so yeah i think that they all
spk_0 just feel like they need to have these initiatives you mentioned amazon because they as you noted
spk_0 like they they sounds like per reporting they do have a glasses project as well but they hired the
spk_0 j-allard which was the name i hadn't heard in years and years out of microsoft to work on you know
spk_0 these new some sort of new ideas around devices and and a i and whatnot yeah but they do have this so
spk_0 here's a plug for for an upcoming episode pannos play is going to come on i just recorded with him
spk_0 in new york following the amazon devices event and we do talk about that workshop that they have
spk_0 where they're trying to figure out the future of the new ai device and uh get a really interesting
spk_0 interaction it's kind of fun where i said well what do you think about pendants and he goes oh
spk_0 really trying to go all over the place here and he goes pendants hmm you know so anyway i encourage
spk_0 people to tune into that because uh it does seem like they're at least considering uh
spk_0 appendent there um but you know what's going to be interesting it's going to be the design
spk_0 philosophy of all these companies like you wrote in a post about how amazon said let's just get it out
spk_0 let's get alexa plus out there after they saw that apple uh you know didn't uh uh release or
spk_0 get as much of apple intelligence out out there and they got killed for it uh i'd actually i
spk_0 want to end with a couple thing first of all i want to get your take on well second of all i
spk_0 want to get your take on the vision pro before we leave because uh we've said on a couple times
spk_0 a couple times on the show that apple has deprioritized that so we should at least take a moment
spk_0 talk about what that means uh but before that you know it's just very interesting to see meta uh
spk_0 pushing apple in these directions and so i'd be curious to hear your perspective on like where the
spk_0 you know it's really a blood feud in my perspective maybe that's too strong of a term but where
spk_0 the meta versus apple uh uh product war stands and how you think each one of those companies uh
spk_0 product philosophy will be an advantage or a disadvantage as they move forward trying to ship
spk_0 these AI devices yes so i've written about this a number of times dating dating back a few years now
spk_0 basically you know once um once apple tried to destroy meta's advertising business uh it felt like
spk_0 that was the kickoff of a real cold you know not even cold war a hot war in in many ways that's
spk_0 that's been happening i think at the highest level for meta you know zuckerberg has said it multiple
spk_0 times from jarrogens podcast no less like talking about how they feel like they're in a just
spk_0 terrible position because they're beholden to apple and to a lesser extent google in terms of
spk_0 the smartphone you know needs for their products and it's not just for distribution of their apps
spk_0 anymore it's now for things like their glasses where they feel like they can't have the same level
spk_0 of connectivity that like an apple watch does because they're not first party hardware um you know
spk_0 and they and they can't tap into the the iPhone the same way that apple itself can um with you know
spk_0 low level um bluetooth and all these other things that they use for connections and so
spk_0 i think that meta has been trying uh basically anything uh to make you know something that could
spk_0 again replace that smartphone as the next computing device and again zuckerberg has not been shy
spk_0 about talking about that i'm super skeptical as we just talked about that anything we'll ever get
spk_0 to that scale but i do think that meta has done a good job and an admirable job by the way of
spk_0 sticking with it right like lots of companies famously google you know with google glass and
spk_0 and their own vr efforts like they just do something and then when's not working they back away
spk_0 and you know there's something to be said for that too but a lot of these new fangled devices it
spk_0 just feels like they will never work unless someone just continually pumps in the billions required
spk_0 to sort of be in the right place right time right so much of this is based around timing as
spk_0 so many things in in the world and uh i just feel like a lot of these devices uh have never worked
spk_0 because they're not right place right time and people give up before they would ever be in the
spk_0 right place because you can't really time the markets right you can't know that it's going to be
spk_0 the right time for it you can you know do as much as you can to try to make it the right time for you
spk_0 but um but again meta to their credit is for almost maybe a hundred billion dollars now into their
spk_0 efforts um you know in terms of the quest headsets but now also with the glasses and and all the other
spk_0 projects and the AR glasses that they're working on so credit to them for for still trying to do it
spk_0 i'm still a little bit skeptical about what scale they can get to with that and if they can ever
spk_0 fully truly break uh yeah the the need to be paired up quite literally with apple and or google
spk_0 um and it feels like it's going to be a long time at the very least until they can get to the
spk_0 let that split that part i haven't used the new glasses yet curious if you have but like
spk_0 you know they're impressed it sounds like they're impressive it sounds like the technology is
spk_0 is impressive but it also doesn't sound like the type of thing that's at you know people are
spk_0 going to leave their smartphones behind anytime in the next five to ten years yeah i haven't used
spk_0 them yet but um i actually want to pick up on a on a item that you put in a recent post about it
spk_0 that uh i think exorla lexatica actually balked at the idea of naming the latest generation
spk_0 raybans because they were bulky and then metta sort of floated some money towards them and not all
spk_0 the sudden right that again another another tech company that owns an ownership stake in a in a public
spk_0 company exactly and and so i think what i draw from that is what might be playing in metta's benefit
spk_0 here is they don't have a standard you know they don't have to worry about decades of a design legacy
spk_0 that they have to uphold to make something feel metta-ish you're just like like all right if these are
spk_0 ugly as hell oakley glasses that you know talk back to you and some people like them let's just do it
spk_0 and that sort of i guess spaghetti at the wall type of approach um i i think is a very interesting
spk_0 contrast to the it has to be perfect way that apple is developing things yeah and one riff off of
spk_0 that idea is i do think the smartest thing that they did was partner with exorla lexatica because
spk_0 the the biggest strength that apple obviously has beyond all their in-house expertise is also the
spk_0 retail channels right like they can move product because they have stores around the world and they
spk_0 can ship something and it be in every single country basically around the world side from i guess
spk_0 russia and maybe a few other places but um but uh metta has has one store or a couple stores right
spk_0 and even google has just a few a handful of stores like no one else has that capability so metta
spk_0 smartly it's not just the design of the glasses which obviously mattered too like you know and
spk_0 getting to use the ray band brand but it's also the the foot the retail footprint that they can get
spk_0 from that partnership is was a hugely smart thing and it's something that i've been wondering
spk_0 about when thinking through the what what apple does with smart glasses like do they also do some
spk_0 sort of partnership there not because they need it from a distribution perspective but more because
spk_0 like metta has now set a standard in a way that look you're wearing the same brand that you wore
spk_0 for your regular sunglasses or your regular glasses but now they have these these tech-enabled things
spk_0 and like apple as great as they are at design like do people you know like there's the difference
spk_0 between wearing an apple watch which is you know well designed and stuff but it sort of resides
spk_0 under your shirt and there's a very different thing between something that's right on your face
spk_0 all the time and obviously google ran into that headfirst pun intended you know with with google glass
spk_0 and i think again metta was very smart in in out of necessity they had to be smart about that
spk_0 partnership and so what does apple do there with do they have to cut a deal to do a partnership
spk_0 in a similar vein okay a couple more minutes left let's just do the reclume for the vision pro
spk_0 i remember back in the day uh hearing apple make lofty promises about the future of
spk_0 uh spatial computing wasn't the metaverse spatial computing right uh as big vision and now
spk_0 the vision pro has been a disappointment but not only that it seems like it's going to be
spk_0 deprioritized within apples sweet of products and you even suggest in one of your recent posts
spk_0 that this might be it for yeah and i you know uh german and others have said like look they're still
spk_0 committed they're obviously about to release a new version which is an upgraded chip it's
spk_0 apparently going to have a slightly better headband which is nice because the current one is not
spk_0 any good but um but beyond that it will just be a chip upgrade um the one that you're talking
spk_0 about of course is that they're they're gonna at least put on the back burner the idea of a vision
spk_0 air or just the vision without the pro part of it the slider the smaller lighter and potentially
spk_0 less expensive um you know version to actually scale this thing and i think that they just
spk_0 probably looked at the market and said like obviously where we're at right now with the vision
spk_0 pros now where we want to be um but even if they did a quote unquote vision or vision air
spk_0 and say it was like even a thousand dollars do you think it's going to be a massive scale
spk_0 you know hit device i don't think that it would be and so i think that they're being realistic about
spk_0 that and you know as you're talking about metta sort of showed them what the market is like at least
spk_0 for the foreseeable future in terms of a wearable on your face um and again others had tried we
spk_0 talked about google snap of course was was an early mover with spectacles and still trying it um
spk_0 but metta really sort of nailed i think both sort of a technological um perspective ease of use
spk_0 uh the partnership angle and timing again and i think the for the vision pro when we talk about
spk_0 does it ever ever go anywhere i don't think that it's gonna go anywhere anytime soon and so it's a
spk_0 matter of if apple does hit with something like the smart pair of smart glasses and the next version
spk_0 of it i i wouldn't be shocked if they do just back burner the notion of the vision pro it's still
spk_0 there is like a legacy product it's all roped into this vision quote unquote vision umbrella
spk_0 of like well this is just the the high end of what we always wanted to do and and you know we're
spk_0 working at it on multiple fronts it's too bad because i do feel like they've started to come into
spk_0 their own it's with some of the content and they're getting better about it but the device itself
spk_0 is just way too bulky way too heavy everything about it is just inconvenience to use and it's just
spk_0 the time the market completely wrong and obviously they couldn't have known AI was coming as
spk_0 in as hot as it did but like you know they they went all in on this product and they probably
spk_0 shouldn't have done that and now we said to start this episode that the past month or 30 days or
spk_0 whatever it's been has been crazy and so uh it's hard to possibly capture all the action that's
spk_0 and and i i think that we'll we'll have the same thing repeatedly month month on end because
spk_0 none of this seems like it's slowing and uh mg it's just great to be able to break it down with you
spk_0 every month so so thank you so much for coming on the show of course thanks as always Alex
spk_0 I know see in a month see what's right see you in a month and folks uh remember to check out spyglass.org
spk_0 you can set up sign up for mg's newsletter there become a pro subscriber like i am and get the
spk_0 added added articles and insights which I highly recommend all right on on Wednesday and
spk_0 thropic chief product officer my Krieger is going to be on of all goals according to schedule
spk_0 talk about the company's latest model and to and discuss the fact that we've gone from
spk_0 san at 4.0 to 4.5 in a very short amount of time and whether the AI product recycle is
spk_0 beating up thanks again to mg thank you all for listening and we'll see you next time
spk_0 on big technology podcast
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