TBPN Altman's Long-Term Vision, The GPU Bubble, Acquired Hosts Live in The Ultradome | Ben Gilbert & David Rosenthal, David Faugno, Sergiy Nesterenko, Justin Lopas, Ryan Daniels, Zack Ganieany, Yash Rathod, Alex Shieh
Guest
Alex Shieh
Guest
Justin Lopas
Guest
David Rosenthal
Guest
Ben Gilbert
Guest
David Faugno
Guest
Karim Atiyeh
Karim Atiyeh, Co-founder and CTO of Ramp, discusses innovative AI agents that automate financial operations, enhancing efficiency and tackling fraud detection. David Faugno, CEO of 1Password, highlights a partnership for secure credential sharing tailored for AI. Ben Gilbert and David Rosenthal delve into their podcast’s history and meticulous research methodology for storytelling about iconic companies. Justin Lopas shares insights on Base Power's new battery factory in Austin, while Alex Shieh introduces his anti-fraud startup merging AI with investigative journalism.
03:28:14
OpenAI Has Passed One Definition Of The Turing Test
- Sam Altman claims "by the popular conception, we kind of have passed [the Turing test]."
- Hosts argue OpenAI's progress deserves grace but should tone down hype on social media.
OpenAI Betting Revenue To Fund Compute Scaling
- Sam Altman expects OpenAI revenue to fund massive compute and supply-chain deals.
- Hosts debate whether affiliate, agent commerce, and API will scale revenue to cover trillion-dollar commitments.
Give Agents Tools And Strong Payment Guardrails
- Give agents the right tools and integrations (email, calendar, web browsing) so they can perform end-to-end finance workflows.
- Build guardrails and authorizer-level controls before enabling agent payments.
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Intro
00:00 • 1min
Did We Pass the Turing Test?
01:13 • 6min
Altman's Plan for OpenAI Partnerships
07:20 • 5min
The AI Talent Wars and Compensation Dynamics
12:42 • 42sec
OpenAI Product Expansion and Monetization Paths
13:24 • 9min
Are We Entering a GPU-Led Bubble?
22:47 • 3min
Ad break
26:10 • 13sec
Ramp's AI Agents for Finance Operations
26:23 • 16min
Deals, Supply Chains, and Market Signals
42:35 • 19min
Doug O'Loughlin's Bubble Timeline Explained
01:01:55 • 17min
Strategic Winners and the Role of Government
01:19:16 • 8min
Acquired Hosts Reflect on Podcasting and Research
01:27:29 • 13min
Ad break
01:40:24 • 1min
How Acquired Crafts Company Histories
01:41:27 • 20min
Seven Powers and AI's Data Network Effects
02:01:52 • 7min
Ad break
02:08:49 • 4min
1Password and Secure Agentic Autofill
02:12:22 • 11min
Colter: Modernizing PCB Design
02:23:08 • 6min
Base Power Raises $1B, Builds Local Battery Factory
02:29:24 • 13min
Crosby: AI-Enabled Legal Services Firm
02:41:56 • 7min
Merit and Hiring: Evaluating Work Product Not Resumes
02:48:41 • 10min
Origin's Axis Model for Drug Discovery
02:58:29 • 6min
Anti-Fraud Ventures Using AI and Investigative Reporting
03:04:49 • 9min
Live Show Closers and Host Reflections
03:14:12 • 14min
Outro
03:28:05 • 6sec
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- (01:18) - Altman's Long-Term Vision
- (26:18) - Karim Atiyeh, co-founder and CTO of Ramp, discusses the company's innovative use of AI agents to automate financial operations, enhancing efficiency and accuracy in tasks like expense classification and fraud detection. He highlights the integration of these agents with various tools and systems, enabling them to perform complex actions such as web browsing, form filling, and email processing. Atiyeh also addresses the importance of robust controls and guardrails to ensure the security and reliability of AI-driven financial processes.
- (01:02:16) - Are We Entering a GPU Bubble?
- (01:19:17) - 𝕏 Timeline Reactions
- (01:27:26) - Ben Gilbert and David Rosenthal are entrepreneurs, investors, and co-hosts of the acclaimed podcast Acquired, which explores the stories and strategies behind the world’s most iconic companies. Gilbert, a former Microsoft product manager who led projects like Office for iPad and ran the company’s internal innovation arm “The Garage,” later co-founded Pioneer Square Labs, a Seattle-based startup studio and venture fund. Rosenthal spent over a decade in venture capital and holds degrees from Princeton University and Stanford Graduate School of Business. Together, they’ve built Acquired into one of the most respected business and technology podcasts, known for its deep research, long-form storytelling, and ability to make complex corporate histories accessible and compelling to a global audience.
- (02:08:55) - 𝕏 Timeline Reactions
- (02:12:11) - David Faugno, co-CEO of 1Password, discusses the company's partnership with Browser Base to introduce Secure Agentic Autofill, enhancing secure credential sharing for AI agents. He emphasizes the urgency of providing secure solutions for AI technologies to meet customer needs and highlights 1Password's growth, serving 175,000 corporate customers and focusing on identity security for enterprises.
- (02:23:00) - Sergiy Nesterenko, CEO and founder of Quilter, a company that simplifies circuit board design, discusses their recent $25 million Series B funding led by Index Ventures. He shares his background at SpaceX, where he spent five years designing avionics for Falcon 9 and Falcon Heavy, which inspired him to address the challenges in circuit board design. Nesterenko emphasizes the importance of first-principles thinking, a lesson from his time at SpaceX, and highlights Quilter's focus on reducing time to market for both large corporations and startups by automating PCB design processes.
- (02:29:21) - Justin Lopas, co-founder and COO of Base Power Company, discusses the company's significant growth, including expansion into major Texas markets and the establishment of a new factory in Austin. He highlights the $1 billion Series C funding, emphasizing the vast market potential for home energy storage solutions amid increasing grid demands from AI, EVs, and population growth. Lopas also explains how Base Power's distributed battery systems enhance grid efficiency by managing energy distribution during peak and off-peak times.
- (02:41:44) - Ryan Daniels, co-founder and CEO of Crosby, a hybrid AI-powered law firm, discusses the company's recent $20 million Series A funding led by Index Ventures and Bain Capital Ventures. He highlights Crosby's rapid growth, noting an acceleration from reviewing 1,000 contracts in 170 days to 1,000 every three weeks, achieved by combining AI tools with licensed attorneys to expedite contract processing. Daniels emphasizes Crosby's role as an extension of in-house legal teams, focusing on high-volume, non-strategic agreements to enhance efficiency and support sales and procurement teams.
- (02:48:28) - Zack Ganieany, Vice President of Finance at Clipboard Health, discusses the company's mission to improve hiring by focusing on candidates' actual work products rather than traditional credentials. He highlights the inefficiencies in current hiring practices, such as AI-generated resumes and screeners, and emphasizes the importance of evaluating real-world performance through work trials and samples. Additionally, Ganieany announces a $6 million fundraising round co-led by Guillermo Rauch of Vercel, aiming to further develop their platform and enhance the hiring process.
- (02:58:15) - Yash Rathod, co-founder and CEO of Origin, a San Francisco-based startup, discusses the development of Axis, an AI model designed to unify various biological modalities to enhance drug development for complex diseases. Axis has outperformed Google DeepMind's AlphaFold 3 in predicting molecular interactions, marking a significant advancement in AI-driven drug discovery. Rathod emphasizes the importance of integrating diverse scientific disciplines and plans to expand Axis's capabilities to optimize gene therapies, aiming to initiate a therapeutic program within a year.
- (03:04:09) - Alex Shieh, co-founder of an anti-fraud company, discusses their recent $5 million pre-seed and seed funding from Abstract Ventures, Browder Capital, and Do Measures. The company employs AI and investigative journalism to expose corporate fraud, particularly targeting sectors like big pharma, aiming to recover funds for taxpayers and themselves through whistleblower programs. Shieh emphasizes their unique "snitching as a service" model, where revenue is generated only upon successful fraud detection and government recovery, distinguishing them from traditional SaaS businesses.
- (03:14:19) - 𝕏 Timeline Reactions
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