Apple’s AI Pin, Anthropic Rewrites AI Rules, and the Push for 24/7 Markets | TSG Ep. 1005

Hey, everyone. Good morning. Happy Monday to you.

I, I love doing these live, and I could say the day and it's the right day. I used to hate having to say Happy Tuesday on Monday. I felt, I don't know, made me feel dirty.

But, um, anyway, happy Monday everyone. We've got a great text on gang today. Let me introduce you to our, it's really our Monday morning gang, but you've probably been used to seeing them on Tuesdays.

We've got our, and our friend, hope Lynch, who is, uh, says she's starring from mostly rain and sleet down her way. We've got JP Morgenthal, who didn't hesitate to say it was in the eighties at his house near Cape Canaveral and, uh, Stephen Foskett, who said, Hey, it's January in Ohio. And of course, we've got the Dean, Mike Ard.

The weather doesn't bother him. He's, he stays up in his man in the high tower outfit, uh, set up up there just broadcasting away writing scaries. I gotta hand it to the crew, man.

The roads are clear already, and I'm just waiting for the guy with the plow to come and deal with the driveway. It's all good. It's all good.

It's all good. I used to, you know what, I used to make a living being that kid who had a Jeep with a plow, dealing with the driveways. We used to go to the towns next to, or jp, you know?

Right. You grew up near me. We used to go into North Woodmere, right?

I'd ring the doorbell and say, you need your driveway done. I thought it was just me with a shovel. Then I'd call my friend down the block with a, he had a little Jeep with a flower on it.

15 minutes later. It was some good money to be made there, um, interesting times. Anyway, speaking of interesting times, we live in interesting times, Mike Apple is, I think, maybe rushing out to market, and I think I know why with a, a new wearable for ai, an AI pin.

I feel like I've heard this story before, but what's up? That's true. Other people have talked about this.

I think there was a startup that got acquired by somebody, but the notion's been kicked around. I think, you know, this is our first step towards, you know, the, the little communicator on Star Trek where you asked Scotty to beam you up. But Steven, is there a market for this?

What do you think? I mean, are we all gonna wind up wearing these things and will it be, you know, my opinion, we'll talk to your opinion. How does that work?

Well, I, I think it's important to know that this, uh, product doesn't exist and, uh, this is all rumors and speculation. Um, so to say that Apple is rushing to market with an AI pin is kind of, um, I don't know, uh, kind of like saying that, um, you know, Trump is, uh, moving too aggressively with his Gaza rebuilding plan. Um, I think that try to Bring politics into it.

I just had to say, um, you know, yes, there is speculation that such a thing exists. However, just like the, uh, I, okay, how about this, the Republican healthcare plan from 2016 Uhhuh, um, it, it, it's merely speculation at this point that such a thing exists. Mm-hmm.

And frankly, um, apple does have the tech to produce a, an AI pin of some sort. Um, but even, even the most juicy rumors suggest that the extent of this AI pin is more of a peripheral for your phone or your watch than anything else. And I think that that actually does make some sense.

Many of us wear, you know, a real watch instead of an Apple watch, and might actually benefit from having some sort of wearable device that could be an extension of our phone. Um, I like the idea of putting, you know, a camera in other devices other than glasses and, and, and phones. I think it could be useful.

I think that there's, you know, usefulness to having sort of a network of personal sensors and things like that. So frankly, um, I am absolutely torpedoing the idea that Apple is gonna create basically the humane AI pin, except Apple. I am absolutely boosting the idea that Apple would create a peripheral that would allow your phone to do more and see more and help you more if, if we've learned anything from Apple, it's that they're not leaders in technology on a bleeding edge, that they're followers and that they look to see what works and they try to bring to market something that's actually gonna sell.

I think it's important also to remember that Apple is already the leader in peripherals. These guys, if this was a separate company, would be, you know, one of the biggest tech companies out there in terms of revenue because, and, and, and these actually are already a very similar peripheral to what we're hearing from this pin. In other words, it is a, uh, personal network.

It has sensors. It augments what you can do with your phone, the new iOS supports, live translation. All of these, I think, show us the sort of thing that Apple might deliver with this pin.

And no, it's not just gonna be the flopped on its face humane AI pin with an Apple logo. It's go ahead, hope. But one of the advantages that you mentioned is it's part of the Apple ecosystem, right?

Humane AI had former Apple execs, but you were outside of any ecosystem, new AI knew everything with a subscription. This makes adoption really easy. So I think they actually can make it work because it is, you know, already hooked in, so to speak.

That's an excellent point, right? I think that was one of the problems with Humane. They had to recreate the whole ecosystem.

Wait, wait, Wait, wait. How is that a Problem? Excuse me, from somebody who's on the Google Android side of The house.

I mean, Need, need I say more. There's still an ecosystem over there a bit, right? There's something.

Well, and, and, and, and I have to, to, and I have to say, you know, I'm an Android person, but I'm like Android, Samsung, right? Between the two of those, it covers everything. That is true.

Well, there is that, you know, I I, I applaud your fomo being an Android person. I, I'm an, I'm an Android Samsung person too, but I, you know, I remember us thinking back, uh, when to the, you know, when, uh, iPhone first came out and, and thinking about why do you want a, you know, you're using a, a single device to play your music, take your pictures, have your phone calls, and I'm like, and the one limitation to what all these devices is battery life, okay? I'm like, why do you want to limit, why do you want to, you know, deplete your battery to do all these functions?

And I always wondered why a personal area network approach hadn't been created where you just carry around the core of the transmitter in your pocket with a wifi or Bluetooth connection and your, all the other devices connect to that on your body, A personal area network, right? And you have a, is separate device like the camera, right? You know, and I get it.

Nobody wants to carry all these things, but eventually they do get smaller. You have glasses now, the video and the phone and the pictures, right? Your music could fit literally on a, you know, credit card thin level device, right?

And so I got years ago, but I still always said, it's a stupid concept to deplete your battery, right? Doing all these functions. And when you, when, when it could have been discreet and you could have specialized, I think we're starting to see the advancements in technology finally saying, yeah, that is stupid.

Think about how long your transmitter could go if its whole life was just connecting to the ma ymax and servicing all these other devices. I mean, you would have, you could get anybody else's phone, borrow it, connect it to your pan, and now boom, I have, I I'm still communicating, right? I'm not, oh my God, I have no cell phone and I have no way to communicate.

Right? I, I am not receiving my mail anymore. Just So jp, you are the pen man.

Go ahead. If I could jump in on that, man, that is a, an awesome idea, JP. And I actually do think that that's the direction we're headed.

I think you're right that the, the, the, the idea of the personal area network, we were a little early for it back in the, as you said, the Ymax days. But now that we have, um, you know, all these low powered devices, low powered sensors and so on, you know, people keep saying like, what's gonna come next after the smartphone? Like, is the smartphone sort of the Nalu ultra of technology, of personal technology?

I think, no, I think most of us would agree that no, there's gonna be another thing. What is that thing gonna be? And I think it's what jps describing a decomposed device consisting of a number of independent devices that act together.

And like you're suggesting, jp, I mean, if you had a brick that could sit in your, in your backpack or purse, that was the transmitter and you know, basically the high powered, uh, and the processor, maybe the storage, and then you had all these other devices that could be much, much lower powered. I mean, already these things can last, you know, all day long. I think that it would be a much more, uh, you know, a, a cool personal vision.

It would also open up the doors to new innovation. And frankly, it makes a lot more sense than trying to put everything, fit everything into one device. Now, now.

So we'll raise one one particular risk to why this might not happen. I, and this may not even be a factor anymore, but when I was an analyst years ago, I toured IBM's, uh, lab up in upstate New York where they do all advanced work, and, uh, they demonstrated a pan network personal area network, uh, device network. And it's very possible that IBM owns the patents on this concept, which could limit other companies from having done it.

And maybe we're past the point where they, the co the, the patent is, you know, uh, defensible or not, I don't know. Or other companies are now saying, well, I'd have to license technology from IBM Could be. So, uh, look, couple things.

First of all, you know, do I want 12 different devices doing everything my smartphone does? 'cause let's face it, whether you are on Samsung or, or Apple, how much, how much of time and effort and computing that goes on, on your phone on these little super computers we walk around with our pocket is actually related to phone calls, right? Not video Calls now, video calls, Video calls, but it, this, I'm tracking my health and my sleep and my blood pressure and my O2 and, you know, a lot of health stuff, a lot of new stuff.

It's my connection to the world. The, I think that it, this is an age old question. Do I want one throat to choke one device that does all those things?

Or do I wanna have 12 different things tattooed to my body somewhere? But I think you guys are missing the real story here. The real story isn't about Apple trying to get humane, right?

The real story is OpenAI announced that the Johnny Ives collaboration, they're gonna have something out shortly. And I think Apple's tired of being the, the, the, the, the, the la last in the pack on the AI story front. And this may be a way or some sort of ploy to kind of steal the thunder to get out in front of this thing.

This is a pattern that Apple has had for years. I mean, every time they think somebody's gonna get a jump on something in a market that they care about, there's suddenly this magical leak that shows, oh, well, Apple's building something in this area. I mean, they do it all the time.

I, I think that's, that's what's driving this, and I can't wait to see what open Thing, and, and certainly losing Johnny to a competitor has gotta hurt double. Yeah. I mean, but who knows what, what's gonna come outta the open AI Johnny Ice thing, you know?

So I have a question for hope. You know, do we think we're gonna get to a world where, you know, well, let's face it, and you got the wrong pin and you're not compatible with me, so I can't hang out with you, and I certainly can't. Your, your, your pin is the wrong color.

I, I think if, if pens catch on, right, and there is not interoperability, uh, I, I think there could be some snags, right? Um, we, Android users know the, um, implied but not accepted shame, right? Of the green bubble.

So there, there is, you know, maybe there will be some, uh, some social overlay. But I, I just wonder, you know, is, is this the rocket ship that's gonna make it actually work? One thing we haven't discussed is, um, meta, right?

Meta, they've sold millions of units of their glasses. They partnered with Luxottica, so the glasses look, you know, more cool. So Apple did not say, you know what, let's copy meta, right?

They were like, no, not doing that. Well, It didn't work out so well the last time they did that with the virtual reality things either. So I don't blame 'em.

Exactly. Exactly. They what?

Metaverse, right? Right. And what was that?

$76 billion, I think, uh, something like that out the window. But, uh, but I think it is interesting, but I also think it will be a great enabler for people who are not really tech people. Let's say, if it is very easy and you just need to clip on a pen, um, the one thing we do need to worry about then is people walking around even more speaking to themselves out loud.

You know, um, people talking to earbuds now, it's, it's not even, it's not even earbuds, you know, just, just speaking to the air, um, as you're going, but everyone is talking to the pen instead of each other. So we already kind of assume this, but if we all have pins, will we just assume that everything we say is being recorded somewhere, and there's no such thing as privacy outside of the four walls of my house, and maybe not in my house. I make that assumption now, You know, given where we are in this country, I don't think that's a bad thing, and I'm gonna end it right there.

Let's come back. We'll, uh, let's jump to our next, uh, uh, segment, which is around, uh, a new AI constitution. No, not that constitution.

Mike. What's, what constitution are we talking about? Well, Andro put out a statement saying that they revamped their constitution, and I wasn't even aware that they actually had one.

So I was pretty pleased to see in their general idea. But I think what they're trying to say is they're gonna train their AI to be less, shall we say, obsequious. They're gonna be a little more helpful in the sense that, uh, they're not gonna suggest things that they, that they think we wanna hear.

And that's also leads to some harmful content and some other things here. But jp, is there some real thing here, or is this kind of just public relations? No, I, I read through the Constitution.

It's a, um, think about how far the technology has changed since 20. They wrote that in 2023. I mean, they probably should have, uh, updated it annually and not the had the gap.

It's the baseline for the guardrails for their ai. And the interesting thing is, there's so much meat there. It's almost like the guardrails themselves are a whole other AI inference before it responds to your AI inference, right?

It a hundred checks is doing this, is it doing that? Uh, I use anthropic. I can tell you that it's gotten better at being more Socratic and not assuming things and just answering you.

It is, uh, it, it has improved on its, uh, sycophant nature. Uh, it is, but it's still, it can stop itself from saying, yeah, you're right. Um, but, uh, but again, it, it's, it's, uh, about, it's about learning.

I think it's about all the new models and watching how they behaved and how, what kind of, um, responses they're providing and provide some guardrails around that to limit harmfulness, right? They want, they want, uh, you know, Claude to be more helpful to humans. By the same token, they also wanna limit some of the downside that they've seen of the advancements in the models as they progressed, and how users can, um, bypass some of the prior guardrails by, you know, tricking the, the AI into answering and responding to things that they should, You know, I, I applaud Anthropic for having a constitution for updating their constitution, you know, all of those things.

But in reading this, I just can't help think to myself, what could go wrong? You know? And that's scary, I suppose.

Can you, and I don't know if you can, but can I adjust these baselines that they've created so theoretically I could tailor calling to respond differently for my particular preferences? I don't know, jp, is that possible? No, this is the, this is the core of their LLM, right?

So you are, this is about using their inference engine, their LLM, and how it's going to respond. If you wanna do what you're saying that you need to create your own model and host that and use that to, to get the answers and the type of responses that you're looking for. And I actually think that, you know, over time more, we will see more and more of that.

I mean, we have hugging face, which has, uh, thousands now of baseline models for people to use in order to achieve the outcome. So as LLM start to lock down more and more, we'll probably begin to see people start to leverage the deployment and use of their own models to get the type of responses that have been blocked by the major LLMs Hope. Do you think that'll happen?

Because, you know, sometimes, at least early on when I was talking to people, they were like, you shouldn't build your own LLM because, you know, by the time you build it and maintain it, the frontier models will be so advanced that you won't be able to keep up and nothing good will come of that effort. And yet, to jps point, maybe I do need more control over this stuff and be able to customize it. I think it depends on your use case.

What are you using it for, right? If you want an LLM that knows everything about your life, your daily habits, um, that is controlling your home and knows the name of your children and their faces maybe, so, right? Um, that way you have all of those things, um, within your control and within your home.

But if you have larger use cases, those that are more scientific for medicine, deeper research where you are actually benefiting from, uh, the information and the breakthroughs that other people are making, then yes, you are, you are putting yourself, uh, more and more behind. Um, but one thing I do want to, uh, mention that ties into the, to the prior topic. I hate to backtrack, but I must, um, this, whether, you know, we can still jailbreak claw the way people have by asking the AI something in a slightly different way.

I think it's interesting, um, that in this constitution, there's actually a four tier, um, hierarchy for Claude, right? Number one, be broadly safe. Broadly safe.

So that is saying don't undermine human oversight, then broadly ethical, then follow anthropics specific guidelines, and then be genuinely helpful to the humans that are involved. This has shades of, uh, films we've seen before, you know, the, the three pets principles, um, for, for robots, but now it's broken down into fork. Um, and what Claude understands about those principles and how it chooses to interpret it over time.

Um, if it swings too far in one way, then maybe someone will say, you know what, um, Claude Open ai, everyone else buy, I need my own personal LLM at home. Mm-hmm. I don't know.

We also hear more about small models. So if I'm gonna go build a smaller model, is that getting easier, jp, and then I can customize it to that end, or I don't really need the big giant frontier model, do I? I I, I, the only thing that's ever gonna make building small models easier is access to data.

The more samples that I can have, gain access to in order to train my model, and the simplification of that process is the only thing that makes building a model easier. You, you, you're not gonna get to a drag and drop model builder, because ultimately what makes the model is the samples and the sample data that trains it. So the fact that there, the availability of, uh, data and the ability to download or access that data through APIs is the, is what's necessary to create and simplify.

Now, you may have your own, and one of the things that I came to mind was that I read specifically as an example in the Constitution, was that they want to limit things like, uh, complex chemical processing that could lead to development of dangerous and harmful, uh, products byproducts, so bombs, uh, poison gases, stuff like that. But if you're in that business then, and you want to, to use, uh, AI to help you to identify the, in the creation of new products, guess what? You shouldn't be using claw.

You should be using your own model anyway. And now you're gonna probably lose any access claws is gonna turn that off on you. You're not gonna be able to use Claude for that.

You're gonna have to go and train your own model. And here I was gonna start a new AI company developing nuclear, chemical and biological weapons. And, and, and, you know, anthropic has just torpedoed that entire effort.

I am so disappointed, but I know that IX AI to not have any control on That. Hey, thank you, Elon. Hey, um, Steven, does it warm your heart at least that, you know, it seems like all this stuff about AI keeps coming back to the same thing data?

Well, it comes back to the data, yes. Absolutely. And I agree with, uh, I agree with y'all that, um, well, ultimately, you know, there's different, uh, aspects of AI here, and I think that's kind of what we're all dancing around here.

The idea that these frontier models, that we are trying to build a thinking machine, uh, an an art, you know, a general intelligence machine, and that general intelligence is going to need to have guidelines like this constitution to keep it in line. But at the same time, like, like JP ISS saying, like you just asked Mike, you know, um, there's gonna be most, I I think one of the most used aspects of AI is not gonna be these big frontier models, but smaller, more fine tuned, more data-driven models. And those are the things that we're gonna interact with on a daily basis.

And ultimately, I think those are the things that are gonna have more benefit on, on a, on a given day. They're still gonna need guardrails though. Yeah, but my concern is that, um, well, let's just be very clear.

These are not thinking machines. They don't think, they can't exercise judgment because they don't judge. And so to have anthropic build a constitution that says that there, that Claude should exercise good judgment, makes me wonder if perhaps these people are drinking their own Kool-Aid and believe that Claude actually has judgment.

Because it doesn't, it is a stochastic parrot who is repeating statistically generated things. It is not thinking, Look, wait, I gotta end this segment right there, because that was the drop mic moment for Steven. Excellent.

Let's move over to, uh, to, uh, segment three then. Guys in blockchain we trust Mike, what do we got? The folks who own the New York Stock Exchange and a couple other ex exchanges around the world are, have a pilot project, at least to use blockchain to enable people to actually trade any time of the day they want.

And I think, you know, we think of the markets today as being 24 by seven, but they actually still open and close. And there's even a, a, a ceremony still in New York that means something to somebody at four o'clock thereabouts usually. Um, but I wonder if we're moving to a different era here, Alan, and you know, it's starting to feel like, well, you know, wall Street feels like gambling, so what the hell?

We might as well have the same kind of experience and we can gamble anytime we want. So why not buy Starks anytime we want? Well, there a couple things here.

First of all, look, you know, a lot of people hear the word blockchain, and they, and they get like a creepy look in their eyes. Their hair stands up because it's been so closely, um, associated with, with cryptocurrencies and so forth. Blockchain is rock solid, good technology.

There's nothing a matter with blockchain other than that. It was associated with crypto. But the underlying, if you wanna do something in a secure manner that you can trust in blockchain's pretty damn good.

And, and at this stage of the game, it's hardly a new kid on the block. It's been true, tried, true and tested. So I don't think it's anything a matter with developing some blockchain technology to prevent fraud, uh, you know, document these things so that they can't be played with, right?

Or, or manipulated. That being said, look, we, we've been doing kind of 24 7 trading, not officially on the New York Stock Exchange, but you know, with the, the after hours markets and stuff like this for a long time, and I think the big exchanges like a NASDAQ and like a New Yorker, American, they, they, they, they look at that as leaving money on the table, right? That's money falling out the sides of the wagon.

That little guys are just scooping up, you know, golden on the streets by picking up these after hour market, you know, after hour trading markets. But in order for them to go do this, they had to have rock solid security, rock solid, you know, technology there. And blockchain's the perfect, perfect thing for it.

My question is though, won't they need SEC approval for this? You know, I mean, in the current government, it's a bit of the wild west anyway, right? As long as we keep those crazy people out or whatever, but, you know, is, is this something as a sus forget the technology.

Yes, we can, but as a society, do we want to have 24 7 stock markets? I don't think we have a choice. It's gonna be there in other markets, so they have to compete.

I just wonder, and I don't know, JP maybe you have some insights to this, but does blockchain really scale? I mean, you know, historically the challenge has always been the performance, and it's okay for Bitcoin, but I don't know if it's good enough for the markets yet. What do you think?

I I, I, there are ways to manage performance. You can pre allocate blocks, so you're not doing block allocation in real time. Um, so there, there are ways to make this technology scalable.

I just don't understand why blockchain all of a sudden provides them something that they didn't provide before, or the connection, the, the banks that are connecting to the network to, in order to invoke the trades already have, you know, a, a secure process. These, they are the ones who, uh, manage and validate accounts. So the only thing, and I'm like, all right, if I, if I doing this, um, I am I allowing in, uh, potentially new, uh, you know, exchange partners who are not banks, who could be an individual.

I mean, why do I need this? Now? The system I have works.

Why, why does this all of a sudden gimme 24 hour trading? Whereas before I didn't have it. Um, because all those, all, all my partners that are connected to the New York Stock Exchange today are already validated Trading partners.

And remember too, that a lot of those partners are already providing after hours trading. I mean, you know, I, I've got an E-Trade account and I can trade 24 7 already. I mean, you know, what is blockchain bringing to the table here?

And I, I Think it's the back end of the exchange itself. It's their records. It's not their partners Records.

I Don't think that's what's being proposed here. I don't think they're saying that they're gonna put the New York Stock Exchange on blockchain. I think what they're saying is that this partner, which is ironically named ice, I'm sorry, Yeah, right, it is.

If you get a memo about 20, 26 people anyway, um, this partner, um, it is, is going to enable, it's basically another outlet. And at least, and, and as far as I can read from it, uh, this, the, this ICE company also offers, uh, trading of other assets, uh, apart from the stock exchange. And they're essentially bringing it, uh, you know, I, I agree with you, Alan, that blockchain is solid technology.

It, it, it does do things. It is useful, but what it does is it is a cryptographically secure, um, record of transactions that it doesn't rely on a single actor to authorize and authenticate all of these activities. Well, what is that?

You know, I can see that that would be useful in a stock exchange scenario. Is that what this is being used for? Or is this actually just a centralized version of that?

And if it's centralized, then what is blockchain bringing to the table? Nothing. Yeah, my, well, like Dave, he Said we could do this with a freaking sequel server.

We don't need a blockchain to do it. The thing that this could and would make sense to bring to the table is immediate settlement versus t plus three or T plus one. Okay?

And I don't know if they feel like that's a requirement in order to move to 24 hour trading is immediate settlement. So there's no loopholes and, uh, that people can take advantage of as, you know, like, uh, I just did a trade in, uh, Tokyo and now I'm gonna flip back and do it in the us and before Tokyo can even settle, I've now taken that money out kind of stuff. Maybe the fact that they realize that that loophole might exist, this would give them immediate settlement.

That's the only thing I could imagine as to why this technology would be valuable. But I, I agree because from, from the bit that I read, right, um, multi chain support, which means they're building in abstraction layers, right? Decoupling the settlement from trading.

And then, um, bank of New York and City, they're involved in tokenized deposits. And for them it's about solving the money movement problems. So if you have traded a security, you still need the cash payout portion, right?

The New York Stock Exchange is not the one actually settling and giving you your money. So if the trade is settled at 3:00 AM on a Sunday, regular banks are closed, this now enables you to get tokenized, um, deposits, stablecoin funding, and it, and it solves that problem for you. So, um, this, I think you're dead on.

What's That? I said, I think you're dead on. Yeah, Well, yeah, it's been years since I've, you know, done, uh, securities operations, but, and, um, I actually built systems for securities operations back in the day, and somewhere in here, the Depository Trust corporation used to be involved.

I don't know if they're still involved anymore, but I would imagine that clearing it, the DTC has to be part of this. The DTC has to be included in this blockchain for verification of that settlement in order for it to be valid. Unless things have changed beyond my knowledge, I don't mean, well, that's What you're getting at, is that basically the stock exchange is supposed to be something special.

If it's just trading stuff like anything, then, then who cares anymore? And we might as well just get rid of the SEC. And you know what, Steven, that was exactly my thought.

You know, Mike, Mike Ard, you'll appreciate this. I, I'm old enough to remember in New York City when OTB came out, Remember O TV Off? You remember too, Jake?

Oh, yeah. I love them. Yeah.

They Were off track betting all of a sudden, instead of getting on the phone with Angelo or Nick or someone and saying, Hey, I wanna, you know, I wanna put $10 on the number four horse in the second, an aqueduct or something. Right now, we went to some storefront where you had a bunch of degenerates with pencils in their ears. The racing forms always cigarettes with long ashes.

Like it was, it was disgusting in there, let's face it, right? With clients sports coats. Yeah.

But, but you could go up at any time of the day that it was open and you didn't have to call Angelo or Nikki no more. You went on the windows. I wanna, I wanna do a trifecta on this or whatever over there.

And, and, and some people thought this was the greatest thing to civilization. We're gonna put the organized crime out of business. Isn't this great?

You could bet on, on horse races around the country, not just Belmont or Aqueduct anymore, and it was a blight on civilization, right? I'm wondering if this isn't, maybe not quite that bad, but is this, is this the same thing? Well, I, somebody made a coin earlier about, you know, trading different types of assets.

I, I, I got a note yesterday from Rob Robinhood. I haven't touched my account in a long time. It need to verify that I'm still alive and that my, you know, I guess they wanna steal whatever small funds I left in there.

So I log in, and now the big thing is, and I've seen this in other places like DraftKings and such, the big thing is prediction markets. But Robinhood sells them as contracts. So for 63 cents, you, uh, uh, you can buy a contract that says that the Seahawks will win the Super Bowl, and then, then that contract is then traded on the open market, people can buy and sell it.

Um, that's how we're, that's what gambling has now become. We're we're tokenizing the, uh, gambling people are buy, you know, buying contracts to which side of the, uh, bet they wanna be on. And then they're trading those.

And frankly, it's, it's gambling, it, it's, it's O TV over again As gambling. I think JP has come to it. This is the point, the quote Mark Twain, you know, a lie travels halfway around the world before the truth gets its boots on.

This is gonna play out time and time again. Or if we're gonna have constant training, there's no moment to anybody to take a breath and go, well, is this true or not? So there's just gonna be more b******t circulated, trying to move stock prices left, right, and center, and things are gonna spin outta control.

I, I have a question. So the New York Stock Exchange, they're building a separate tokenized platform, right? So blockchain based platform that is trading alongside, but separate from the traditional exchange.

Nasdaq, though they have filed a proposal to integrate tokenized securities into their existing exchange. Same order book, same execution, priority, everything. Which one do you think is gonna win Nasdaq?

Because it preserves the status quo. Mm. Is it, it fails quite often in this market when you try to do something new and unproven, whereas the old guard likes the way that things work today.

They know it, they feel comfortable with it. Integrating in and making sure that it flows alongside the way things are done today, I think have an advantage over something completely new and different. Mm-hmm.

Fair enough. Guys, I gotta pull the plug. What a great, because you know, until we implement some blockchain here at Dextron gang, I don't know if we can go 24 7.

I I will. Let me add one last thing, Alan, go ahead. Tokenization of assets is huge.

Um, I did a lot of this work, uh, when I was, uh, uh, a, a, a magistrate consultant, uh, helping out digital assets group, right? The, uh, big about, uh, digi digitization tokenization of things like mortgages, okay? Where I, I, it allows, um, you to take, uh, a rental property and allow a group of people to then buy a piece of it very easily in a way that's controlled, right?

That these are things that are very, very difficult to do today. You can't have just a, you, I mean, you could create an LLC and a bunch of people put money into that LLC and then, you know, the LLC buys the building. Um, but this is a way that a, uh, group could say, uh, you are buying into funding, uh, you know, this particular rental property, here's the, uh, here's the information about the property, our expected rental rates, how much?

So yeah, I wanna buy two shares of that, right? And I get paid back monthly based upon, uh, the rent getting paid. I think it tokenization of assets paint.

Our artwork is being tokenized this way. Mortgages are being tokenized this way. I think it opens up the opportunity for more individuals to get into and play in an arena that has typically been shut out for Middle America.

Fair. Fair. All right.

Hey, Steven, don't you, do you got something going this week on Tech Field Day, don't you? I do. And it's actually going here, uh, right here on the Techron channels as well.

So we've got our AI infrastructure Field day, uh, this week. So please do check that out. Wednesday through Friday, we're gonna be live during, um, basically 8:00 AM to 5:00 PM Pacific time, uh, with a bunch of different presentations.

We've got Cisco Fabrics on Wednesday, along with, uh, the Futurum, uh, group presenting some of their, uh, research findings on, on on Wednesday. On Thursday. We've got Hammer space, uh, ex site labs, uh, forward networks, and, and another presentation from within the Futurum group, uh, from the Signal 65 Lab Group.

And then on Friday we've got soy and we're gonna hear from the delegates. So do check out, uh, the tech field day presentations, streaming live on the Textron TV app on YouTube, and of course, uh, LinkedIn. Excellent.

Good luck with that. All right, hope great seeing you. Stay warm, safe there, jp.

Keep the AC on. I guess, Mike, we won't have to after tonight, I hear. Yeah, It is also true.

Well, us too, Mike. I'll see you hopefully here tomorrow. Absolutely.

All right. Hey, we getting closer to pitchers and catchers reporting baseball seasons here, though. We've got a Super Bowl coming up.

We'll be talking about that maybe. But until then, stick to, There You go. That's absolutely right.

All right. I hope you've enjoyed Textron Gang today, everyone. Take care.

Bye-bye.