Meta's text-to-video tool, Zuck's grand plan, Vision Fund to cut staff 30% + $WBD lawsuit | E1573
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 29 September 2022
⏱️ 79 minutes
🧾️ Download transcript
Summary
J+M discuss Meta's new text-to-video tool and what the future of creativity might look like (2:59), then they break down Zuck's grand plan (14:49) before discussing what a recession might mean for startups (27:18) and SoftBank reportedly cutting 30% of its Vision Fund staff. (36:41)
(0:00) J+M intro today's segments!
(2:59) Meta announces text-to-video tool
(13:33) OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.com/twist
(14:49) Breaking down Zuckerberg's grand plan
(21:58) Meta freezes hiring, signals that we've entered a recession
(25:52) LinkedIn Marketing - Get a $100 LinkedIn ad credit at https://linkedin.com/thisweekinstartups
(27:18) How a recession and big tech layoffs will impact startups
(35:28) Odoo - Get your first app free and a $1000 credit at https://odoo.com/twist
(36:41) SoftBank is reportedly planning to cut at least 30% of Vision Fund staff
(41:29) Jason welcomes Lon Harris and the pair discuss HBO's House of the Dragon and its 10-year time jump
(51:37) Warner Bros Discovery sued for allegedly misrepresenting HBO Max subscribers by 10M during the Discover / WarnerMedia merger
(57:48) Favorite actors to watch doing anything, rockstars in today's world
(1:03:03) CCP censors a popular film for its realistic depiction of rural life in China
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Transcript
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| 0:00.0 | All right, everybody. It is Thursday, lots of news. It's Thursday. We're going to make it. |
| 0:04.5 | We're going to make it. That happened fast. What a delight. We do have a lot of fun stuff to talk |
| 0:09.0 | about. We're talking about Meta's new text to video tool. You heard that, right? And yes, |
| 0:15.3 | it makes real videos. AI is here. AI is here. I'm officially scared now before when I watch my |
| 0:21.1 | Roomba bouncing off of everything and not being able to figure out how to get under the table. |
| 0:25.1 | I wasn't worried about AI, but now I am. I think we are now in the final stages of the downturn. |
| 0:31.6 | I've been saying I thought the summer would be an inch of the fall. Q3 and Q4 would be this |
| 0:36.0 | bottoming out process bouncing along the bottom. What were the signs? I said it all along. |
| 0:40.8 | The two signs I'm looking for is the big companies to do riffs and maybe people to cut salaries. |
| 0:46.0 | Those are the hardest things to do. Right when we were on air, Meta is talking about a hiring |
| 0:51.3 | freeze and then a restructuring, AKA a gentleman's layoff is coming. Apple stock down 6% today after |
| 0:58.3 | being down yesterday. That was one of the final cathedrals to fall. And then soft bank, the Vision |
| 1:03.2 | Fund is cutting a third of their staff. So major riffs, major market downturns. This is the end game |
| 1:08.7 | everybody. We're going into the trial of the recession. We're in the eye of the storm. But the |
| 1:13.3 | good news is there's some really good news I get into for startups. Yeah. Fascinating. Fascinating |
| 1:20.0 | macroeconomic talk. And then I scamper. And Jake, I'll just have a hell of fun talking about TV |
| 1:26.7 | with Lon. Yeah, we talk about House of the Dragon, the 10-year time jump. Did it work or not? |
| 1:32.0 | This class action lawsuit with discovery for the HBO max things. The CCP is obviously. Yeah, |
| 1:38.8 | a little bit of trauma for for General Zod's love. And the CCP centering a popular Chinese film. |
| 1:43.9 | And then we talk about No Mad Land and Amazon. And just the great art of filmmaking and what |
| 1:49.6 | Lon and I love about filmmaking. In which actors we'd most like to see do something completely |
| 1:56.0 | boring like Maker French Island. It's a great episode. Oh, stick with us. This week in startups |
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