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Meta–Scale AI Deal Tensions, Ken Griffin’s Next-Gen Finance Empire | Arielle Zuckerberg, Mike Maples, Andrea Hernández, Farooq Malik & Charles Yoo-Naut

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Sep 2, 2025
Andrea Hernández, founder of Snaxshot, dives into the rise of non-alcoholic beverages and the concerns over protein-overload in food trends. Farooq Malik, co-founder of Rain, reveals how stablecoins are transforming global payments with their recent successful funding round. Mike Maples shares his insights on 'Thunder Lizards,' citing the traits of disruptively innovative startups. Together, they explore how technology is reshaping consumer behaviors and financial systems, while addressing the absurdity of modern food culture.
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INSIGHT

Meta Bought Talent Not Just Data

  • Meta bought Scale AI largely as a talent and capability bet rather than for a clear, perpetual data monopoly.
  • The acquisition makes sense if Meta builds a frontier lab that meaningfully compounds across products and market value.
INSIGHT

Cheaper Tokens, Bigger Bills

  • Falling per-token prices have been offset by far larger token usage for complex tasks, raising inference costs for many apps.
  • This Jevons-like dynamic means cheaper units can still drive higher overall infrastructure bills.
INSIGHT

Scale Lacks Natural Monopoly Dynamics

  • Scale's core business lacks a clear winner-take-all network effect, making its long-term compound value uncertain.
  • Meta's strategic rationale was to assemble in-house frontier capability rather than to buy an endlessly compounding data annuity.
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