Meta’s massive comeback, FED’s latest hike, GPT-4 rumors + Spotify earnings with Lon Harris | E1671
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 2 February 2023
⏱️ 68 minutes
🧾️ Download transcript
Summary
Jason and Molly kick off the show by discussing Meta’s Q4 earnings and the news that the Fed is raising rates by only 25 basis points (3:06), which leads to a discussion on unemployment, automation, and generative AI updates. (11:24) Then, Lon Harris joins to discuss Oscar nominations, Spotify earnings, “peak podcasting,” and more. (37:51)
(0:00) M+J kick off the show
(3:06) Meta Earnings
(7:56) The Fed raises rates by 25bps
(9:57) House of Macadamias - Get 20% off at https://houseofmacadamias.com/twist by using code TWIST20
(11:24) Unemployment and Automation
(21:59) Microsoft for Startups Founders Hub - Apply in 5 minutes for six figures in discounts at http://aka.ms/thisweekinstartups
(23:30) ChatGPT hits 100M MAUs + Google’s Apprentice Bard
(36:46) Anyplace - Get $250 off your booking with the code TWIST250 at https://www.anyplace.com/twist
(37:51) Oscar Nominations with Lon Harris
(44:06) Spotify earnings
(55:35) The Last of Us is another hit for HBO
(1:00:58) James Gunn reveals chapter one of the DC Universe
FOLLOW Lon: https://twitter.com/lons
FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood
Transcript
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| 0:00.0 | Hey, everybody welcome to Thursday. It's a crazy day. Meta is just crushy at the stocks. |
| 0:05.5 | You're only doubled since November when I made my J-Trade. |
| 0:08.8 | News there, Mowing. |
| 0:10.4 | Up like 28% I think today. So we're going to compare strategies here and then advantages |
| 0:17.2 | because we compare it with snaps earnings, which were almost the same, but did not produce the same |
| 0:21.2 | result. We'll break down why a little bit. And also everybody's ripping today because the |
| 0:26.2 | Fed hiked rates by only 25 Bips. We're going to talk a little macro about what's next for the |
| 0:31.9 | economy. Yeah, I mean, it's pretty clear they're ending their action of hiking rates. And |
| 0:39.2 | the market seems to have concluded from their comments about deflation or the de-escalation of |
| 0:46.1 | inflation, whatever term, but it was kind of dovish and the soft landing is a possibility |
| 0:53.5 | or a moral recession. So that's good news for the economy. But the labor shortage remains. |
| 0:58.4 | And so we talk a little bit about automation in the face of this crazy labor shortage and what |
| 1:03.2 | we're seeing in the real world. Yeah. And then we wrap up the news with a quick update on |
| 1:08.0 | Generative AI story of the year. We have entered the AI era chat GPT hit a hundred million |
| 1:14.1 | monthly active users. Google is already testing a competitor and being sees a chance. |
| 1:21.6 | Microsoft sees a chance and leap ahead. Yeah, they're going to incorporate it and then teams. |
| 1:25.9 | Microsoft Teams is incorporating chat GPT as well. So this is extraordinary that chat GPT got to |
| 1:30.8 | a hundred million monthly active users in only two months. Took TikTok nine months to get to a |
| 1:35.9 | hundred million. And then we have Lon Harris on for another edition of this week and streaming. |
| 1:41.2 | Oscar nominations Spotify earnings James Gunn in the DC universe. I will talk about |
| 1:47.1 | my favorite new romcom episode three of HBO smash it the last of us. It's going to be just |
| 1:53.8 | a fantastic show. Yeah, stick with us. This week in startups is brought to you by House of |
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