It wasn't thought possible that hype

could reach this level, but it turns out

it is possible. Hype has reached a new

level unseen since 2017 Bitcoin era. And

no, I'm not talking about Claude Mythos.

That was beta level hype. Okay, we are

talking about some sigma level hype

going on here. But before we go into the

ultimate AI hype cycle, I think it would

be good to go down memory lane and just

relive some of those great experiences

from the crypto times. First off, I know

a few of you probably have this shirt

sitting in your closet, okay? You

probably have a pair of those DMRs just

looking fresh like this, man, because

that's who you are. You got a few

Bitcoin in your back pocket, feeling

pretty dang good. Hey, good on you for

having that. Okay, buddy. You may not

know this, but AI finally just reached

the level that crypto hype reached in

2017. In fact, there are two specific

events that happened that were so out of

control that even to this day, I'm

baffled by them. And since I lost all my

Bitcoin, I got to make the bag a

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internet. All right, so the first of the

two events was the Long Island IC Tea

transitioning from IC Tea to blockchain.

They transitioned. Okay, they

transitioned from making teas to making

blockchains. Now, I don't even know what

kind of blockchain would be associated

with a Long Island iced tea, but

apparently this non-alcoholic Long

Island iced tea received a 200% increase

in stock price just by simply saying,

"Oh, hey, by the way, we're blockchain

now." And only a couple years later,

Kodak would do the same thing. Yes,

Kodak, the camera company, decided that

they were going to have Kodak coin to go

with their Kodak 1 platform because

obviously the only possible way you

could solve the attribution problem to

photography is to have the world's

slowest appendon database. I mean,

honestly, it's unfable. There's no

possible other way you could solve this.

Like, Postcrest doesn't have this

technology. You can't just you can't

just like make a database of names and

and photos. Okay, that doesn't it

doesn't work that way, idiot. You can

only solve it with blockchain. Luckily,

when AI took over the hype cycles, it

was just a, you know, is much more

tempered. Everything seemed to be a lot

more kind of clamped down.

Hey, what the hell? Definitely put like

some sort of highlight right here.

>> Okay.

>> We've been 6 months away every single

month for the last four years from

losing our jobs as developers. And just

when I thought I couldn't get any more

hyped up, it turns out there was

actually another level. I told you no

beta hype. We need the ultimate hype.

So, first I must show you these. These

these are shoes. These are wool shoes,

okay? Wool runners. They're called

allirds. Now, if you were a part of the

valley, if you were in the cultural

zeitgeist during 2018,

you probably heard some people talking

about these. I even believe former

President Barack Obama was even once

caught wearing a pair of allirds. I am

now a firm believer that all birds,

they're government drones because how

can a venture capitalist invest in a

shoe company when they don't have souls?

These were a fairly hot popular set of

shoes. In fact, in 2021, they ended up

IPOing for over $4 billion. Google's

description of them is a Silicon Valley

tale of rapid success and sustainability

focused success, which is generally kind

of funny considering that every single

quarter they lost tens to hundreds of

millions of dollars. I don't even know

how you lose that kind of money on a

product you're supposed to make money on

every single sale. Like, how how do you

do that? Like, what were you guys even

doing? But of course, this is the

standard way in which you make money in

the Silicon Valley is that you really

just got to lose money. If you're not

losing money, you're not making money.

And if you look at their chart, I mean,

it is painful to watch. This is worse

than the Figma chart. They started off

at just the highest of highs, and now

they're sitting all the way down at just

a couple dollars. But then the shoe

company in which is focused on

specifically sustainability, decided AI.

Look at this stock. In a single day,

they're up 455%.

This baffles me. How does the stock

market look at a group of people who ran

a company worth $4 billion into the

ground to be sold for $39 million? By

the way, that's how much Allird was sold

for. They look at these people and say,

"Oh, you know what they're going to do?

They're going to start a GPU company."

Definitely an easier company to start

than a shoe company. And good thing all

their shoe expertise is going to come in

handy right here. specifically the

sustainability part when it comes to

data centers. Obviously the stonss go

stonk but the people that really felt

sad r/allirds. Anyone else feel stupid

or betrayed after allirds became newird

AI? I'm pissed. I really liked this

brand and was aligned with the

sustainability messaging. Been wearing

them exclusively for the last 5 years.

So that is the style you decided to wear

for the last 5 years. Yeah, I I'd be

upset too. I just feel like an idiot for

supporting them all this time. Feels

like a slap in the face after all the

loyalty they got from me. Anyone else? I

could imagine that if you invested into

a company because they were sustainable

and then their idea of an outcome was to

build data centers specifically known

for their sustainability. But I prefer

the founder of Hashi Corp, Mitchell

Hashimoto. Mitchell Hashimoto. Did he

name himself after his own corporation?

I'm excited about the Allirds AI pivot

because it's the first completely peer

active maxing in public markets

and I'm so on board with watching that

journey play out.

But the thing that I am anticipating,

the thing I'm salivating, I cannot wait

is for the allirds LinkedIn post shoes

are made for marathons and the AI race

is going to be the longest. This is what

the pivot to AI taught me about B2B

sales. But somehow the documents

released by Alberts is even better than

Reddit. So it first starts off with just

saying, "Hey, we did a record sale. We

went from 4 billion down to 39 million."

It was honestly huge exit for the

founders. They're gone. They're

definitely out of this company. And

along with the exit, they're also going

to be getting a $50 million

institutional investment for them to

pivot to AI. The AI compute and

infrastructure strategy and long-term

opportunity. Newbird AI expects to use

the initial capital from the facility to

acquire high-performance GPUs. Over

time, the company intends to grow its

Neocloud platform. I don't know what

Neocloud is. By expanding its compute

and service offerings, deepening

partnerships with operators and

customers, and evaluating strategic

merger and acquisition opportunities.

Yes, they're going to do all of this

with $50 million. I just want you to

think about this for a second. How much

money is Open AI pouring into these GPU

data centers? Hundreds of billions of

dollars. Does Sam Alman know you can do

strategic mergers and acquisitions for

only $50 million? Why is he raising 120

billion? It's this easy. The rise of AI

development and adoption has created

unprecedented structural demand for

specialized higherformance compute that

the market is struggling to meet. And

allirds 50 million is going to meet

those needs. There's so many things that

are funny about this. This is a company

that went from 4 billion to 39 million.

They're going to take a new investment

and then they're going to make strategic

M&As to get into the GPU space and with

that they're going to meet the

structural demand for GPUs. New Bird AI

is being built to close that gap. You

mean this gap right here? Look at how

big that is. I can look through it. Like

look at how big that is. The thing

that's bothering me about all this is

that they took a company and somehow

created a sustainable shoe company

that's unsustainable, losing tens to

hundreds of millions of dollars a

quarter. And then after taking that from

4 billion to a $39 million sale, they're

going to use this expertise to go into

one of the most difficult markets that

is controlled largely by government, by

how much power you can get from the

grid. And we're supposed to believe that

someone who was good at s well

demonstrabably bad at sourcing

sustainable wool from New Zealand can

run a GPU company. Like this doesn't

what is this world we're living in? This

is stranger than the Bitcoin world. This

is stranger than Long Island Iced Tea.

This is stranger than Kodak. The reason

why I'm talking about this is because

there's a lot of people feeling the hype

and the hype has never been more hot.

And there were a lot of people that were

left holding the bag in the crypto

world. So, I don't want you to get so

sucked in thinking that the actual end

of the world is happening right now with

AI. Yeah, it's a cool tool. Yeah, you

could do things you probably couldn't do

before, especially just given how much

time you could potentially save using

it. But at the end of the day, it's

still just a tool. You don't have to

pivot into strategically buying GPUs.

But there is a small part of me that

kind of actually thinks that I could

probably pivot into making GPUs. Like,

how hard IS OKAY, [laughter]

>> the name is the

A