E34: Chamath & Tinder, Threads API, and the Difficulties of Scaling AI Labs

This week, Byrne Hobart and Erik Torenberg discuss a lesser-known Chamath Palihapitiya story, the index rebalancing trade as a postmodern part of finance, AI labs, crypto, and more. beehiiv: Head to https://beehiiv.com and use code "MOZ" for 20% off your first three months. Byrne Hobart is hiring an associate! Check out the JD here: https://www.thediff.co/jobs/ 🔥 Apply to join over 400 founders and execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj --- SPONSORS: BABBEL: 🌐 Ready to achieve your 2024 goals? Start learning a new language with Babbel in just three weeks. Enjoy app lessons, live classes, and podcasts designed for real-world conversations. Get up to 60% off at https://babbel.com/torenberg BEEHIIV: Head to beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. 🐝 Head to https://beehiiv.com and use code "MOZ" for 20% off your first three months --- RECOMMENDED PODCAST: 🎙️ Second Opinion - A new podcast for health-tech insiders from Christina Farr of the Second Opinion newsletter. Join Christina Farr, Luba Greenwood, and Ash Zenooz every week as they challenge industry experts with tough questions about the best bets in health-tech. Apple Podcasts: https://podcasts.apple.com/us/podcast/id1759267211 Spotify: https://open.spotify.com/show/0A8NwQE976s32zdBbZw6bv - 📈 ECON 102 W/ NOAH SMITH - Keeping econ entertaining - Noahpinion author Noah Smith and Erik Torenberg break down business news and politics every week. Spotify: https://open.spotify.com/show/3Mos4VE3figVXleHDqfXOH Apple: https://podcasts.apple.com/id1753399812https://podcasts.apple.com/id1753399812 --- TIMESTAMPS: (00:00:00) About the Show (00:00:20) Chamath, IAC, and Tinder (00:16:20) Sponsors: Babbel | Beehiiv (00:18:54) Chamath continued (00:18:54) Twitter, Threads (00:22:40) Twitter, Twitch (00:24:12) Twitter, API (00:28:37) Meme coins (00:32:10) The postmodernity of index rebalancing trades (00:35:37) S&P 500 inclusion and exclusion (00:40:52) Crypto, AI, and the Zeitgeist (00:42:14) Crypto (00:46:55) AI Labs (00:49:35) Why is it money intensive and talent intensive? (00:53:59) What should people study in college? (00:59:24) Byrne is hiring an associate! (01:02:13) Outro --- LINKS: Byrne’s writing: https://thediff.co --- X / TWITTER: https://twitter.com/eriktorenberg (Erik) https://twitter.com/ByrneHobart (Byrne) https://twitter.com/TurpentineMedia (Turpentine)