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Travis, your thoughts on this category? Anything come to mind for you in terms of,
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you know, feature sets that would be extraordinary here? I know you you like to think about products and the consumer
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experience. It's really interesting. So, you know, I've been spending, as you guys know,
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I've been spending my time on real estate and construction and robotics. And so I' I've been out of the this kind
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of consumer software game for a long time. But it's super interesting over the last six months. There have been a a
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number of consumer software CEOs. Like when I hang out with them or whatever, they're like, yo, how are we
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going to how are we going to keep doing what we do when the agents take over? Yeah. The paradigm shift is so profound
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that the idea that you would visit a web page goes away and you're just in a chat
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dial. you know, you have an agent that's just taking care of your flights for you.
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So, I I kind of I I think there's a leaprog over that. I think it's just like you tell something, yo, I
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want to go to New York. Can you you know, I'm sort of looking at this time range. Can you just go find something
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I'm probably going to like and give me a couple options? Yeah. And it's just a whole you have an
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interface and then you know is perplex is this thing that you just showed on perplexely is that the interface or do I
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just have an agent that just goes and does everything for me and is this the start of that? I you know I just haven't
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spent enough time. I I do know that every consumer software CEO that has an app in the app store is
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tripping. They're tripping right now. And I mean big boys. I meet guys with real stuff and sometimes I I'm doing
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like almost like therapy sessions with them. I'm like, "It's gonna be fine. You actually you actually have stuff. You
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have a mo you have real stuff that's of value. They can't replace it with an agent." And they're like,
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"So, you're lying to them. You're doing hospice care and you're telling them everything's going to be okay, but the
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patient options on Robin Hood while he's like, "Yeah, yeah, tell me more. Tell me more.
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All these things. There's certain things that are protected. There's certain not things
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that aren't. That's all. Well, let's talk about that because the you and I are old enough to remember uh
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general magic. This vision was out there a long time ago with personal digital assistance and you would just talk to an
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agent. It would go do this for you. This feels like a step to that where it does
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all the work for you, presents you the final moment and says approve. Like a concierge or a butler. Yeah,
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I think what you're describing is what we want. But I think more specifically for today, Keith and Travis totally nail
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it. Look, I think building a browser is an absolutely stupid capital allocation decision. Just totally stupid and
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unjustifiable in 2025. Specifically for Perplexity, I think their path to building a legacy
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business is to replace Bloomberg. Everything that they've done in financial information and financial data
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in going beyond the model has been excellent. As somebody who's paid $25,000 to Bloomberg for many years,
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the terminal is atrocious. It's terrible. It's not very good. It's very limited.
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and anybody that could build a better product would take over a hundred billion dollar enterprise because I
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think it's there for the taking. I wish that perplexity would double and triple down on that. And so when you see this
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kind of random spraw, let's do it, Jimoth. Let's just go do it. When you do the random spraw, I think it
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doesn't work. But I just want to say like a browser is like the dumbest thing to
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build in 2025 because in a world of agents, what is a browser? It's a glorified markup reader. It's like
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handling HTML. It's handling CSS and JavaScript. It's doing some networking. It's doing some security. It's doing
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some rendering. But it's like this is all under the water type stuff. I get it that we had to deal with all that
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nonsense in 1998 to try LIOS or Google for the first time. But in 2025, there's something that you just speak to
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and eventually there's probably something that's in your brain which you just think and it just doesn't you're
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thinking I need a flight to JFK or at the maximum today in a very elegant beautiful search
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bar you type in get me a flight and it already knows what to do. Keith in some ways this is a step
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towards that ultimate vision. So you'd think it's worth it to you know sort of perplexity to make this way point
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perhaps if you look at it as a waypoint between the ultimate vision which is a command line and earpiece.
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How do you get distribution Jason for the 19th web browser in 2025? Well, yeah, that is a challenge and I think
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most people are speculating Apple, which has a lot of users, might buy Perplexity
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or do a deal with Perplexity and give them that distribution because of the Justice Department case against Google.
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So, there's been a lot of speculation about that. But Keith, what do you think? Well, I don't think they'd buy anything
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worth it. Like, what do what is Apple going to get? We continue this failed strategy of Apple,
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right? Apple's missed every possible window on AI and continues to miss it and it has cultural I think the CEO has
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challenges I think culturally they have challenges I think they have infrastructure challenges so it's it's
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not an easy fix but buying perplexity is not going to help like chas strategy is
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actually pretty coherent one for perplexity quap perplexity uh so I think that pick a vertical and own it strategy in
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this case not not a bad idea um especially because you need unique data sources some of
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those data sources may or may not license their data to open AAI. So you can do some clever things there, but um
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I don't think there's any residual value that Apple will get out of perplexity except there's some product taste, but
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what are you going to spend like a billion dollars for product taste? I mean Mark's spending hundreds of
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millions of dollar hundreds of billions or whatever he's spending these days and
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you know Grock if anything Grock for shows that Mark really doesn't need to just spend money to build a whole new
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team because everything they've done in AI is also missed the boat. Well, I mean, Keith, the way you phrase it there
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almost makes it worth it for Apple to throw a Hail Mary, have a team with some taste because that's how they tend to do
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things is something that is elegant. And why not just throw your search to it, throw 10 billion at what's
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elegant would be if there's a bunch of agents and just a chat box. Seeing a bunch of visual diarrhea is not
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elegant. It's lazy. Off on our on our little Bloomberg clone, I'll give you naming rights. So
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you can call it that. Oh, you like you like it. Polyhapatia. So, hey, can somebody can
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somebody uh bring up the polyhapatia? You know what's so funny? It just rolls right off your tongue.
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TK, listen. We were trying to do a screen of companies and it maxes out at five companies on a specific type of screen
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where you're like you're trying to compare stock price to EB and you're like, okay, I can only choose five, I
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guess. So, which five should I choose? Lefont was on right like two episodes ago. He was like I can't pull this up.
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It's limited to six companies. Dude, you it's So what do people use Bloomberg? They use it for the messaging. Now like
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my team has traded huge positions via text message on Bloomberg. So there is something very valuable there.
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But the core usability and the core UI of that company has not evolved. I have my contribution
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and complexity is very good at that by the way. It they they do a very good job.
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I got a new domain named Travis. Let this one just sink in here. This is my way to weasel my way into the deal.
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Begin.com. begin.com. You own that, don't you? I do. I'm just a little I snipe some good ones
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once in a while. I got begin.com and I got annotated.com. Those are my two little domain. You're like you're like
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one of these old people that show up at those road show and then road show and you're like, "Oh, I have
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this thing that I bought 1845." Guys, Jason Jason is Jason is the daddy and god daddy. Okay, that's just what it
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is. Your dad your dad. That's what it is.