GPT-4o launches, Glue demo, Ohalo breakthrough, Druck's Argentina bet, did Google kill Perplexity?

SacksBullish✓ right so far

Sacks argues that despite Google being caught flat-footed on AI, its search monopoly gives it enough runway to copy innovators like Perplexity and still emerge as a likely $5 trillion company.

“They completely screwed up AI... Doesn't matter. They can make 10 mistakes, but their monopoly is so strong that they can finally get it right by copying the innovator. And they're probably gonna become a $5 trillion company now.”▶ Listen · 1:34:27 ⚑

FriedbergBullish✓ right so far

Friedberg argues Google's AI-powered search snippets will keep users on-page, increase query volume, and improve monetization per query, while hidden assets like Isomorphic Labs (not held by Meta or Amazon) could be worth hundreds of billions.

“Meta and Amazon do not have an isomorphics lab and Waymo sitting inside their business that suddenly pops to a couple hundred billion of market cap. And Google does have a few of those.”▶ Listen · 1:29:38 ⚑

ChamathBullish✓ right so far

Chamath reverses his prior bearish Google view, arguing that AI Overviews in search and hidden assets like Isomorphic Labs represent multi-hundred-billion-dollar opportunities that make reports of Google's death premature.

“I think the Google thing is pretty special between last week's announcement of Isomorphic Labs, which let's be honest, that's just a multi-hundred billion dollar company... the reports of their death were premature and exaggerated.”▶ Listen · 1:24:39 ⚑

SacksBullish

Sacks argues OpenAI's most attractive business model is B2B, not B2C subscriptions, and that GPT-4o's multimodal speed improvements unlock powerful new enterprise applications that will drive monetization through API usage.

“I think they're going to move in more of a B2B direction over time because that's where the real money is. And probably the way they do that is by monetizing all the apps that are built on top of it.”▶ Listen · 23:22 ⚑

ChamathNeutral

Chamath argues ChatGPT's consumer growth has plateaued and that the AI market is still in a 'primordial ooze' phase where basic capabilities are being commoditized; the 'Facebook of AI' has yet to be created.

“What it means is that there are these phases of product development... right now we're in the first, what I would call primordial ooze phase... I will maintain my perspective here, which is the quote-unquote Facebook of AI has yet to be”▶ Listen · 20:56 ⚑

JasonBullish📌 position call

Jason says Glue feels like a 100-bagger to him after using it, is moving his company to it, and wants to invest.

“It feels like a 100-bagger to me. I'm in.”▶ Listen · 30:00 ⚑

SacksBullish📌 position call

Sacks, as co-founder, argues Glue is an AI-native Slack killer built for the enterprise chat era, with thread-based UX and deep RAG integration that gets better as underlying models improve.

“You could think of us as for sure a Slack killer or Slack competitor. It's just that Slack wasn't built for the AI era. Glue is AI native... as the models get better and better, Glue just gets better and better.”▶ Listen · 30:36 ⚑

SacksBearish

Sacks argues that Google copying Perplexity's AI-overview search format with citations effectively kills Perplexity's standalone business unless it gets acquired.

“Sucks for Perplexity. I think they're kind of screwed now unless they get an acquisition deal. But Perplexity came up with the idea of having citations in your search result with citations and related questions. And they did it extremely”▶ Listen · 1:32:43 ⚑

FriedbergBullish📌 position call

Friedberg, as founder, presents Ohalo's boosted breeding technology as a breakthrough that can increase crop yields 50–100%+, create new seed industries (e.g., potato seed), and build durable moats through trade secrets and compounding genetic advantages.

“The yield on some of these plants goes up by 50 to 100% or more... our business model is really predicated on how do we build advantages and moats and then keep extending them.”▶ Listen · 43:28 ⚑

JasonBullish

Jason describes Athena as the fastest-growing company he has ever seen, faster than Uber and Robinhood at comparable stages, and made his largest-ever investment in it after seeing it cut his team's research costs to a third or quarter of prior levels.

“It's the fastest growing company I've ever seen, and I'm including Uber in that... our due diligence, our first level screening... is being done by these assistants for what I'll say is a third to a fourth of the price I was paying”▶ Listen · 1:14:43 ⚑

JasonBearish✓ right so far

Jason quips that Duolingo's stock took a hit when GPT-4o demonstrated real-time language translation, implying AI models are a competitive threat to its core product.

“I think Duolingo stock took a hit during that.”▶ Listen · 15:00 ⚑