E171: DOJ sues Apple, AI arms race, Reddit IPO, Realtor settlement & more
- Mar 22, 2024
- 1:19:20
- Full Episode
(0:00) Bestie Intros: Don't spoil Dune 2! (0:55) DOJ drops antitrust suit on Apple (23:36) Apple reportedly in talks with Google and OpenAI to power AI features on iPhone (32:17) NAR settlement: how it impacts residential real estate going forward (44:30) Microsoft's "Shadow Acquihire" of Inflection (48:43) How the besties would deploy $40B in AI as a sovereign wealth fund (1:01:57) Reddit IPO: is risk-on back? (1:07:17) Science Corner(s): Universe expansion, first pig kidney transplant in human, Neuralink
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Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg
Intro Video Credit: https://twitter.com/TheZachEffect
Referenced in the show: https://storage.courtlistener.com/recap/gov.uscourts.njd.544402/gov.uscourts.njd.544402.1.0_3.pdf https://www.justice.gov/opa/pr/justice-department-sues-apple-monopolizing-smartphone-markets https://www.google.com/finance/quote/AAPL:NASDAQ https://www.bloomberg.com/news/articles/2024-03-18/apple-in-talks-to-license-google-gemini-for-iphone-ios-18-generative-ai-tools https://www.macrumors.com/2023/10/11/google-pays-apple-billions-default-search https://venturebeat.com/ai/apple-releases-mgie-a-revolutionary-ai-model-for-instruction-based-image-editing https://twitter.com/chamath/status/1769751534940918234 https://nypost.com/2024/02/26/business/google-to-relaunch-woke-gemini-ai-image-tool-in-few-weeks https://twitter.com/Patworx/status/1760189582870536408 https://www.youtube.com/watch?v=QNv9PRDIhes https://www.nbcnews.com/business/real-estate/national-association-realtors-settlement-changes-rcna143634 https://www.wsj.com/real-estate/realtors-settlement-change-buy-sell-homes-da45eb23 https://www.bloomberg.com/news/articles/2024-03-19/inflection-ai-plans-pivot-after-most-employees-go-to-microsoft https://www.bloomberg.com/news/articles/2024-03-19/microsoft-hires-deepmind-co-founder-suleyman-to-run-consumer-ai https://inflection.ai/inflection-ai-announces-1-3-billion-of-funding https://www.nytimes.com/2024/03/19/business/saudi-arabia-investment-artificial-intelligence.html https://www.cnbc.com/2024/03/21/reddit-ipo-rddt-starts-trading-on-nyse.html https://www.wsj.com/economy/central-banking/fed-officials-still-see-three-cuts-this-year-0b039532 https://www.wsj.com/real-estate/commercial/americas-office-fire-sale-has-barely-begun-0c8d376f https://www.foxweather.com/earth-space/nasa-webb-telescope-hubble-observations-universe-expansion-rate-question https://www.massgeneral.org/news/press-release/worlds-first-genetically-edited-pig-kidney-transplant-into-living-recipient https://twitter.com/neuralink/status/1770563939413496146
Brief Summary
The episode discusses the DOJ lawsuit against Apple, AI partnerships, and a major real estate settlement affecting agent commissions.
Key points
- DOJ Lawsuit Against Apple. The DOJ has filed a lawsuit against Apple, alleging anti-competitive practices.
- Interoperability Debate. A discussion on the importance of interoperability in technology and Apple's approach.
- Microsoft's Browser Monopoly. Microsoft leveraged its operating system monopoly to dominate the browser market, threatening competition.
- Apple's AI Strategy. Apple's potential partnership with Google for AI features raises questions about its innovation strategy.
- Real Estate Commission Settlement. A landmark settlement changes how real estate commissions are handled, impacting buyers and agents.
- Disruption in Real Estate Fees. A shift in real estate commissions could benefit consumers by lowering costs.
Episode highlights
- DOJ Lawsuit Against AppleThe DOJ has filed a lawsuit against Apple, alleging anti-competitive practices.“This DOJ suit outlines five alleged abuses.”1:15Mar 22, 2024
- Interoperability DebateA discussion on the importance of interoperability in technology and Apple's approach.“Apple's entire product strategy is based on creating a vertically integrated stack.”6:43Mar 22, 2024
- Microsoft's Browser MonopolyMicrosoft leveraged its operating system monopoly to dominate the browser market, threatening competition.“They were trying to break HTML in Open Standards by creating ActiveX.”20:00Mar 22, 2024
- Apple's AI StrategyApple's potential partnership with Google for AI features raises questions about its innovation strategy.“This is the most consequential new development in technology in probably 20 years.”24:42Mar 22, 2024
- Real Estate Commission SettlementA landmark settlement changes how real estate commissions are handled, impacting buyers and agents.“This is a crazy, shocking shock to the system.”33:24Mar 22, 2024
- Disruption in Real Estate FeesA shift in real estate commissions could benefit consumers by lowering costs.“These fees will come out of the system and go back in consumers' pockets.”37:23Mar 22, 2024
- Microsoft's Inflection AI AcquisitionMicrosoft acquires Inflection AI in a strategic aqua hire, raising questions about antitrust.“This was a bailout of the investors.”47:16Mar 22, 2024
- Saudi Arabia's AI FundSaudi Arabia plans a $40 billion AI fund, aiming to invest in startups and tech.“This new fund would reportedly invest in AI startups, chip companies, and data centers.”49:07Mar 22, 2024





