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Speaker 3: Speaking of Apple, one of the X stars, Johnny Ice
Speaker 3: open Ai just purchased it company for six point five
Speaker 3: billion dollars and ground groundbreaking deal. So what do we
Speaker 3: think about this this acquisition.
Speaker 4: And further cements the new generation the tech and I'll
Speaker 4: say things that they're going to have to structure with
Speaker 4: the top five or fore is after they go public.
Speaker 4: I've been calling for them to reconcile with Johnny for
Speaker 4: the longest time. It was brilliant that they launched this
Speaker 4: after the Google Io conference. But there's a lot of
Speaker 4: clashing in Apple's culture that is preventing them from getting
Speaker 4: some of those former star players back together. And Sam
Speaker 4: Altman did a great job. I was telling Redpadded maybe
Speaker 4: for at least three months, four months, that they were
Speaker 4: going to team up and who we are. I don't
Speaker 4: like the idea of that that circular pinion that they
Speaker 4: want to put out as a first product. From what
Speaker 4: I have heard, though they have built they're operating system first,
Speaker 4: which is brilliant, which tells me they could start to
Speaker 4: attack this thing eventually. So the first product they put
Speaker 4: out is incredibly important. But in terms of partnership, like
Speaker 4: Microsoft once again, Stock of the decade is going to
Speaker 4: benefit greatly from this partnership. But you can see the
Speaker 4: writing on the wall to see where Sam is trying
Speaker 4: to have his contingency plan to then get away so
Speaker 4: he can be the new tech darling in that space.
Speaker 4: I think brilliant partnership. The trailer was amazing. Whenever I'll
Speaker 4: see like two white men walking to a bar in
Speaker 4: San Francisco and a smiling a lot of money on
Speaker 4: the take billions of dollars, multi billions of dollars, and
Speaker 4: as people are getting tired of the iPhone. It was
Speaker 4: a brilliant idea to partner with someone who cares about
Speaker 4: products a lot when it seemed like Apple doesn't care
Speaker 4: about it anymore.
Speaker 2: All right, let's let's run down the list of the
Speaker 2: things that John Ive has helped design or create himselves.
Speaker 2: YEP ninety eight, the iMac two thousand and one, the
Speaker 2: iPod two thousand and seven, the iPhone twenty ten, the
Speaker 2: iPad two thousand and eight, the MacBook Air and MacBook
Speaker 2: Pro twenty fifteen, the Apple Watch and two thousand and thirteen,
Speaker 2: the redesign of the iOS system.
Speaker 1: Have kept that relationship together. It's one of those I
Speaker 1: read an interesting article.
Speaker 2: They were saying that open Ai purchasing next, which is
Speaker 2: this company feels like a move that Apple would have
Speaker 2: done in the past. Ye you saw a company that
Speaker 2: had technology and had infrastructure that you need and could
Speaker 2: be a competitor, so you went and acquired it. The
Speaker 2: fact that it came from somebody that was internal in
Speaker 2: house and you let it go it speaks volumes because
Speaker 2: there's a lot of talk, especially you know, I'm reading
Speaker 2: like gadget dot com. The talk is that the gadget economy,
Speaker 2: the ip at the iPhone.
Speaker 1: And the macbug watches, that is slowly.
Speaker 2: Going to deteriorate and make way for a new form
Speaker 2: of consumer technology, which would be the artificial intelligence assistant.
Speaker 2: And so having Johnny I there with open AIS technology
Speaker 2: that first product, I'm interested in seeing what that does
Speaker 2: to Apple's infrastructure because they're going to change the hardware,
Speaker 2: because that's what I'm thinking, like what they're basing on.
Speaker 2: If you're talking about fifty percent of the revenue is
Speaker 2: coming from an iPhone, well, if the iPhone is not
Speaker 2: a thing that people are using in the next five
Speaker 2: to ten years, then what's the product It is not
Speaker 2: the thing that we're going to be using in terms
Speaker 2: of how it communicates and how it functions with artificial intelligence,
Speaker 2: what is the product? Having the guy that helped develop
Speaker 2: those things with the technology that's going to leave the
Speaker 2: future is a dangerous proposition for them.
Speaker 3: Well then also for people because for full context, because
Speaker 3: they might not even know what the company is. So
Speaker 3: IO is a hardware and design from focused on AI
Speaker 3: integration devices. And like we said, we just acquired by
Speaker 3: open ai for six point five billion and when you
Speaker 3: do the stock cash considerations, but it was designed to
Speaker 3: help build consumer facing AI products with intuitive, screenless next
Speaker 3: generation interfaces. So there's an actual picture of it if
Speaker 3: you want to look on our Instagram because we posted yesterday.
Speaker 3: We posted about it on Instagram yesterday. So when he says,
Speaker 3: when Troy says, the personal AI assistant, that's something that
Speaker 3: Robert Smith has spoken to us about and a lot
Speaker 3: of people have been talking about, Like at some point
Speaker 3: in time in the near future, everybody's been to have
Speaker 3: to own their own AI assistant that will plan your life,
Speaker 3: like if you want a book, a flight, if you
Speaker 3: want to, you know, go to movies, you gotta pick
Speaker 3: your son up from school, remind you, you gotta you know,
Speaker 3: call parent teacher night conference. Virtually. So this, yeah, I
Speaker 3: guess that'll be the next thing. Now what we have
Speaker 3: to see is it is will this have some level
Speaker 3: of communication believe if it does, then that could potentially
Speaker 3: be a threat to the eye. And being that he
Speaker 3: comes from a background of dealing with iPhones, will ultimately
Speaker 3: I will open AI have a communication device, which might
Speaker 3: be the next iteration of what a phone is.
Speaker 2: I don't even Yeah, I think that's what That's what
Speaker 2: I'm alluding to, is that that next piece of consumer technology.
Speaker 1: It's it will cut into that iPhone lead.
Speaker 2: And maybe it's not a phone anymore, right, we don't
Speaker 2: that shouldn't be that first product is so important. The
Speaker 2: fact that this part of it right, and he probably
Speaker 2: will never admit to it, but them not coming back right,
Speaker 2: them not seeing him as the valuable put a chip
Speaker 2: on the shoulder is a chip. And the fact that
Speaker 2: he deal with a company. Right, we talked about Apple AI.
Speaker 2: Has anybody used it? Has it beneficial?
Speaker 1: Right?
Speaker 2: Look at what chat GBT is doing on a monthly basis,
Speaker 2: on a daily basis.
Speaker 1: Co Pilot is getting better. Co Pilot is better than
Speaker 1: Apple's intelligence.
Speaker 2: Yeah, I mean Microsoft, if Copilot doesn't get better, you
Speaker 2: still have fifty percent of this open AI company.
Speaker 1: Sure, sure it was.
Speaker 2: It was a tough week for Apple outside of the tariff.
Speaker 1: This hap this news happening is tough.
Speaker 4: And on top of it, it's going to put a
Speaker 4: lot of pressure on the Alexa Series two and Amazon.
Speaker 4: And I'm gonna say it clearly, Tim Cook needs to
Speaker 4: be replaced. For all of you who are gonna say, hey,
Speaker 4: you're going too far. Stop talking. I hate the fact
Speaker 4: that I'll say these things about the Apple iPhone dominance
Speaker 4: for waning, and then somebody White said, and y'all agree
Speaker 4: with it. I'm telling you now Tim Cook needs to go.
Speaker 4: He can be chairman. Greatest operator in the history of
Speaker 4: Silicon Valley. I pose the question in Star Club. I'll
Speaker 4: ask you, guys, who's the better CEO? Tim Cook or
Speaker 4: an AI version of Steve Jobs right now? Hooked up
Speaker 4: to that black will No, they hooked up to rub it.
Speaker 1: Like what bro di vision pro.
Speaker 4: Mistake, Apple intelligence mistake, acquisition of Open AI mistake you
Speaker 4: should have. That should have been number one priority when
Speaker 4: Sam wanted it for nothing. There's too much culture clash
Speaker 4: of Tim trying to be and I get it. You
Speaker 4: don't want to be in someone's shadow, but you have
Speaker 4: to do is best for the company, and I don't
Speaker 4: think that's currently being done.
Speaker 1: Well, okay, let's talk about Apple.
Speaker 3: But just just to play the other side of the
Speaker 3: fence here, Tim Cook's one of the greatest CEOs that
Speaker 3: we've ever seen.
Speaker 1: Greatest operators.
Speaker 3: Apple's market cap swored from three hundred and forty eight
Speaker 3: billion and twenty eleven to three trillion. Now that's that's
Speaker 3: fourteen x he fourteen x the market cap, product innovation
Speaker 3: in his rain. You got Apple Watch, you got air pods,
Speaker 3: Apple Music, after the TV.
Speaker 4: After the air pods came from Steve Jobs acquisition to Beats.
Speaker 3: It's under his it's under his reign. As far as
Speaker 3: the rise of AirPods, you know, he's.
Speaker 1: Greatest operator in the history of What you're saying is true.
Speaker 1: Both things can be true. I think both. Yes.
Speaker 2: In terms of raising the market cap of a company,
Speaker 2: you're talking about the first three trillion dollar company. Yes,
Speaker 2: The important pieces inside that is that the guy who
Speaker 2: helped create those products that helped you raise that market
Speaker 2: cap is no longer there.
Speaker 1: And since what has been the product that has succeeded?
Speaker 4: And my issue is the degradation of culture at Apple
Speaker 4: under his leadership. They reduced Steve to a fucking theater
Speaker 4: on campus, the campus that he built. They won't even
Speaker 4: put up a Steve flag on that campus. You guys
Speaker 4: can say that I'm wrong, not y'all the audience at large.
Speaker 4: But I'm the one who put y'all on Apple, So maybe,
Speaker 4: and I've been I had an Apple too at my
Speaker 4: grandma's house. Don't got through street, trust me, But y'all
Speaker 4: can say I wrong. It's fine. What's a better company
Speaker 4: right now? Open AI, who is not publicly traded or Apple?
Speaker 4: All that ecosystem that y'all love the audience, not y'all
Speaker 4: was created by Steve and Johnny.
Speaker 2: As of today, I'm still gonn I gotta take Apple
Speaker 2: because it's not public trade and they don't have a
Speaker 2: consumer product that's gonna lead the future. Yes, so out
Speaker 2: of today, and that announcement could come. But today also
Speaker 2: lives off the back of it Apple in part yes,
Speaker 2: part so in terms of the device that people use.
Speaker 1: It them until Johnny getting that lab.
Speaker 3: Like I said, like I said last year, I think
Speaker 3: open ey is gonna be one of the greatest companies
Speaker 3: in human history, and it's going to be a top
Speaker 3: five company for a very short period of time. So
Speaker 3: open Ai, I don't think any I don't think anybody does.
Speaker 3: It's going against open the eye. It's just Apple is
Speaker 3: still a necessary company.
Speaker 1: Yes, a great It doesn't mean the leadership change is
Speaker 1: not needed. Innovation is needed.
Speaker 4: And it's hard to have innovation when you won't allow
Speaker 4: the culture.
Speaker 1: The thing.
Speaker 4: Even though Steve was a hard driver as a leader,
Speaker 4: he allowed brilliant people to thrive. There's some brilliant people
Speaker 4: at Apple who I talked to. The have ideas that
Speaker 4: can change a lot of this. Right, Oh, they're being stifled.
Speaker 4: That glass ceiling.
Speaker 1: Tough. So okay, okay, no, it does not change to
Speaker 1: tech two and that's no. Don't don't put in chat.
Speaker 4: Listen to me. I'm gonna say, fuck, listen to me.
Speaker 4: They need new leadership. I don't want to say who
Speaker 4: I think.
Speaker 3: Your thoughts put in chat your thoughts for sure?
Speaker 1: On Apple? You ian trippy? Nah, he said two tech man,
Speaker 1: Apple was.
Speaker 4: You need at least twenty five thousand shares and something
Speaker 4: like one company to tell me I'm wrong. And I've
Speaker 4: talked to a bunch of people with Apple who's just
Speaker 4: afraid that he treated like like he should.
Speaker 1: You can't. You could have bought it open their eye
Speaker 1: for little or nothing.
Speaker 4: Meanwhile, you got fucking twenty two billion dollars parking bonds
Speaker 4: or whatever.
Speaker 2: I get the but the innovation part, we can't know
Speaker 2: what way can't. But you can't run from that fact.
Speaker 2: The cash reserves are ridiculous.
Speaker 4: They don't use them correctly. But they could use them,
Speaker 4: but they have not. They haven't and maybe that's part
Speaker 4: of the leadership prior. It's like, we got to make
Speaker 4: sure we find the right company to acquire it.
Speaker 1: I think he would be a better chairman, I really do.
Speaker 1: But having that chances chance does it doesn't matter. It
Speaker 1: doesn't mean that they don't need a better leadership. That's
Speaker 1: fair well, speaking of Okay, speaking of that.
Speaker 4: And the real quick there's some other AI companies that
Speaker 4: he could buy. But you gotta kind of move fast
Speaker 4: before the evaluations. Okay, Apple, if they deployed this right,
Speaker 4: the capitol right could have saved us from the China
Speaker 4: Versus America war. They're choosing to rest on their laurels
Speaker 4: and not be on the offense. It's like playing for corners.
Speaker 4: It works until now you gotta make a big shot.
Speaker 4: Now you can't make a big shot. You don't think
Speaker 4: Johnny I thought through the partnership would open their Yeah,
Speaker 4: I knowing he can go directly to Microsoft and they
Speaker 4: have more devices in the landscape than Apple.
Speaker 1: We'll see, we'll see.
Speaker 2: Operating cash fule of one hundred and ten billion.
Speaker 1: How will it? How will it?
Speaker 3: How will the tariffs impact Apple? We talked about you
Speaker 3: know this before, but for full context, Trump has threatened
Speaker 3: tariffs on Apple, and he said that he's disappointed with
Speaker 3: Tim Cook and apple decision to manufacture in India, which
Speaker 3: is a workaround from the China situation, but he wants
Speaker 3: it to be all done in America and he's he's
Speaker 3: spoke publicly about it. He said he wrote them a letter.
Speaker 3: He's threatened to put tariffs on on them as an
Speaker 3: individual company. So is the India workaround something that could
Speaker 3: potentially happen.
Speaker 1: Is globalization.
Speaker 3: Something that is still workable under the Trump administration or
Speaker 3: do they everybody just has to stay in America for
Speaker 3: the next three years.
Speaker 1: I don't know. Whatever that big that Trump wants. They
Speaker 1: just have to pay.
Speaker 4: They're called Don Jr. And get that master by a
Speaker 4: membership card. Go go buy you ten gold cards. And
Speaker 4: maybe I don't know. I feel like he hasn't worked
Speaker 4: that relationship well enough because Trump won't say it, but
Speaker 4: he needs American companies to thrive for him and the
Speaker 4: MAGA regime to work over the next twelve years.
Speaker 1: They're not just worry about the next.
Speaker 4: Four him Elon going back to Tesla, that is very
Speaker 4: talent to lose such a monumental piece. And then this
Speaker 4: bill which ends up being a disaster. I think his
Speaker 4: name is on it. So if this bill doesn't go well,
Speaker 4: so at least if he's making these campaign promises, he
Speaker 4: has to at least have one dominant company come back.
Speaker 1: Now, we talked about it before.
Speaker 4: How long is it gonna take for you to build
Speaker 4: a plant to actually be able to uh create these iPhones?
Speaker 1: And then what would the cost be? Right?
Speaker 4: The idea is great, execution is poorly planned. And that's
Speaker 4: my thing in terms of leadership across the board politically
Speaker 4: and in terms of tech. I don't think people are
Speaker 4: planning for ten years. I think they're looking maybe two
Speaker 4: or three years out, and it's a little bit short sighted.
Speaker 1: I think Tim Cook was doing that too.
Speaker 2: We talked about this too, almost maybe two years ago
Speaker 2: when they were building the first Apple store in India
Speaker 2: and one of the people brought him a gift of
Speaker 2: the first macantized computer. And that was that was pre
Speaker 2: this this presidential campaign that Trump has been on. So
Speaker 2: they've already looked at it from a standpoint of what
Speaker 2: is the next space we can now build infrastructure in
Speaker 2: instead of maybe having the product. Now we're just spreading
Speaker 2: from a global standpoint where India is a market that
Speaker 2: we can now creep into and see some of those
Speaker 2: numbers that we're starting to decrease in China start to
Speaker 2: increase in a new economy. But it's crazy, man, Like
Speaker 2: you said the time it would take to get these
Speaker 2: factories up and running, and it just wouldn't It wouldn't
Speaker 2: even be done in his term. They didn't have to
Speaker 2: be five years, almost five to seven years out. So
Speaker 2: Trump saying like, if you build them here, there's no tariff. Yeah, right,
Speaker 2: but if you build them in India, we're going to
Speaker 2: put a twenty five percent tariff on it.
Speaker 4: Since I've never heard this be done to one company,
Speaker 4: Like I said, put it in chat if you know.
Speaker 1: A relationship with him, there was.
Speaker 2: There was the part where he talks about they had
Speaker 2: an understanding that he wouldn't be doing this. But if
Speaker 2: you look at the history of Apple, they were already
Speaker 2: constructed in India prior to all this. So the news
Speaker 2: just feels kind of it's like again.
Speaker 4: I mean, he did tell them, I want you to
Speaker 4: build here, and I think Tim thought that just right.
Speaker 2: India was okay, yep, they said they're gonna they agreed
Speaker 2: to the five hundred billion dollar investment in AI infrastructure
Speaker 2: over the next five years, which was the largest out
Speaker 2: of all of the Max sevens or the quote unquote
Speaker 2: Max sevens. They had the largest acclivation of funds to it.
Speaker 2: And so on top of that, they're still building the factories.
Speaker 2: But now, I mean, I think they said they lost
Speaker 2: over a nine hundred million last quarter, which is not
Speaker 2: I mean when you have one hundred and ten billion.
Speaker 4: But rely software from SAM. But yeah, this is what
Speaker 4: happens when you have temperamental leadership. At least with a
Speaker 4: rigid leader or a militant leader, you at least know
Speaker 4: what cards you're dealing with.
Speaker 1: They're not adjusting on the three months.
Speaker 4: I can't imagine Tim waking up and then hearing that
Speaker 4: news because I'm sure he found out on the news
Speaker 4: and not directly from Trump. It's like, what, I made
Speaker 4: this investment and now I'm still going to get a
Speaker 4: taxed directly on my company, knowing that I can't build
Speaker 4: that fact like like you said, it'll be six years
Speaker 4: before they are able to build in Chicago or Ohio
Speaker 4: to get a plant fully functional.
Speaker 2: It'll be in tech, it'll be in a state where
Speaker 2: the state tax is going to Texas is probably hope.
Speaker 1: So the HU yeah, yeah, Well so what do you
Speaker 1: think leaving in twenty twenty five? Now? Are we leaving
Speaker 1: twenty twenty five with Apple on the.
Speaker 2: Chessboard as one of those two tech two index in
Speaker 2: the portfolio?
Speaker 1: And always I said it's a stock club.
Speaker 4: Privately Apple will become by twenty thirty a high value
Speaker 4: index fund.
Speaker 1: You have your eternalized.
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