Kara Swisher · 52:08
Is to take it from you, which is interesting. So I'm glad someone like Taylor Swift is really pushing back. It'll be interesting to see if it could apply to all of us because I think it will benefit. Because you you you are easily... This would work really well if someone just didn't work with you to do it, but just did it. So, you know, in an upcoming episode of my show, I make one of these, and it's really frightening. And and I I don't
Scott Galloway · 52:34
like one of these. What is what is these?
Kara Swisher · 52:36
I made the Carrot Tar. I'm gonna give it to you for Christmas. Made a a digital three d version in a box of me, and you... It looks like me sitting in a chair, like three d version. And it speaks. It talks like me. It's it's it's me. And it's not... You know, it's like a facsimile. That's not quite me, but it is. And I'm sending it to you for Christmas, the whole box. It's great.
Scott Galloway · 53:00
It's gonna be I like I like the idea of this as long as you sign up for it because you might decide, have at it. Or after... If you're like me and you think once you're gone, doesn't... I would like my heirs to get a check because people say, in the voice of Scott Galloway, write about incremental quality. Whatever it is. Right? So... And I think a lot of artists and a lot of writers and a lot of singers would would agree to this. There's a model for it.
Kara Swisher · 53:27
Yeah. Absolutely. Well, we'll see. But you're getting that for Christmas, the Carrot Tar. It's great. You'll have it forever. And it will add to things right up until my... If I am my dying breath. Anyway, one more quick break. We'll be back for predictions.
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— Predictions segment begins —
Kara Swisher · 55:15
Okay, Scott. Let's hear a prediction. I'm gonna go first. I do think the devil wears prod is tracking to be, like, a $200,000,000 movie its first week. I think a lot of these movies, whether it's, project hail Mary, this movie, it it... There's a lot of love for movies that are just well made by Hollywood and good and fresh, that feel fresh. I think people are waiting for human stories. So I think these movies are killing it at the box office because people... And they're actually watching it in theaters too. They're not just waiting till it goes to digital. They like the community experience of it. And so it's a really interesting thing that that a lot of these are hitting, that are that are very human centered, and I like that. I like that.
Scott Galloway · 55:59
Yeah. I'll see it. So your win is The Devil Wears Prada?
Kara Swisher · 56:04
No. The idea that these movies are gonna... Like, just after Hail Mary, it's that Prada has the same feeling of Hail Mary. It it feels like real people made it. It's like when you eat a meal that's sort of fake, and then you eat a meal that's homemade, it's Mhmm. It it feels like real people made it who had thought about it, who care about standards and quality, and it didn't feel like AI made it. I don't know what else to say.
Scott Galloway · 56:32
Well, the the rumors of creativity's death at the hands of AI were greatly exaggerated. So there was a moment about twenty four months ago where everyone thought all music is gonna be generated by AI, that you'll just give it a good prompt and it'll come up with new songs that are better than Kanye's... And that just didn't happen. The muscle between your brain, creativity of a young brain, the creativity, that still has tremendous moats around it. And even in design, like, look at Sora being shut down. Think the the graphics you get back, the design you get back, the percentage of people in design working at tech firms has actually gone up as a percentage of their employment base. Artists... You know, no AI no AI is going on tour right now. But as far as I know
Kara Swisher · 57:18
They're not gonna Taylor Swift the situation. They certainly are.
Scott Galloway · 57:21
Well, I think you're being a little bit nostalgic is I think the devil wears Prada and hail Mary are great movies and will do well at the box office, but box office is still down 30% post COVID. Content... Original content that breaks through will find a way to monetize and be successful, but this collective nostalgia for the movie theater. Oh. I pick I pick as going bankrupt where I where I live in Florida.
Kara Swisher · 57:44
I get it. I'm not talking about the movie theater. I'm talking about freshness in movies. Fresh creative. And and I'm saying it does... Actually, these movies are showing big pickup in movie theaters. I don't... Overall, downward trend. It's really interesting that people are... These movies are scoring well in theaters. Like, that's that's what I'm saying. Not all of them.
Scott Galloway · 58:06
Well, it used to be it used to be that all of that type of long form content ran snake through a theater, we went to the movies. I remember... I mean, I don't know about you. When I was a kid, I used to go to the movies two or three times a week.
Kara Swisher · 58:19
Yeah. Mean, at least once a week. Yeah.
Scott Galloway · 58:22
Yeah. It was just what you did. It's what you did on a date. It's what I did with my mom. It's just what you did. You once saw... Granted, I lived in Westwood, they had the best suitors in the world. But, god, I just tried to think the last time I took my kids to a movie. Anyways, I'm glad you liked it. So my prediction is much more boring. So think... So Intel is up fourfold, and I think it's up... I'm sorry. It's up fivefold. It's up... It's it's quintupled over the last year. And I think it's about... My prediction is it's gonna shit the bed because Amazon is
Kara Swisher · 59:00
now in bragging about it, as you noted.
Scott Galloway · 59:02
Yeah. I know. I I think it's I think it's a great short right now. Amazon now sells both GPUs, what NVIDIA does, and CPUs, what Intel specializes in. And Amazon's chip revenue is growing 150% every three months. If it were a standalone business, it would be generating $50,000,000,000 in annual recurring revenue. That's more than AMD and about as much as Intel. And OpenAI and Anthropic use Amazon's chip for their AI work.
Kara Swisher · 59:25
So Amazon? Interesting.
Scott Galloway · 59:27
Well, it's weird. I think I think it's... I think, quite frankly, I think in... NVIDIA has its own... Has much stronger moats. The vulnerable company here is the one that's the latest meme stock, and that's Intel. Meta Anthropic have signed deals to use Google chips called TPUs. TPUs are two times cheaper than NVIDIA's GPUs. And Intel looks just dramatically overvalued and will... And I think will be the victim of this increased competition. The stock, again, up fivefold. Get this. Intel now has the highest forward PE of any large cap chip stock, trading at a 118 times forward earnings.
Kara Swisher · 1:00:04
Oh my god. Such a loser Why?
Scott Galloway · 1:00:07
AMD at 50, Amazon at 32, Nvidia at 26. And at the same time, its business is expected to grow slower than peers. Anyways, the most overvalued stock right
Kara Swisher · 1:00:19
now Why is it memed? What is Explain the meme for the people.
Scott Galloway · 1:00:22
Well, Intel was beaten down. Now it has a great story. Now it has the backing of a guy who's willing to use the full faith and credit of the government. It's the chip... Everyone thinks that the chips are the bottleneck in the AI boom. It's not actually. It's actually power, and the stock's up fivefold. And now, again, see above. It's trading at a forward earnings of 118, and it's growing slower than everybody else. And Amazon and Google are coming for their lunch. So, anyways, my prediction is you're going to see... This thing is gonna look like a giant hill. The the essence Oh, I
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Scott Galloway · 1:00:58
That's a good one. Is over, and Intel is gonna be one of the worst performing stocks in the tech sector over the next six to twelve months.
Kara Swisher · 1:01:04
Trump's gonna be mad at you. He's gonna go after you instead of Jess. That's the middle
Scott Galloway · 1:01:08
of Yeah. Well, Intel has the look of an expectant widow.
— Predictions segment ends —
Kara Swisher · 1:01:15
Anyway That's really funny. Amazon that Amazon is doing it as interesting. Although, I have to say, I've given the heinous of the week award by them leaking that they're gonna make, the apprentice again with Don Junior.
Scott Galloway · 1:01:27
Oh, god. Did you see that?
Kara Swisher · 1:01:29
I know. There's such suck ups in Jeff with the King Charles thing. Let me just say, you don't have enough... There's not enough budget for... A cocaine budget for that.
Scott Galloway · 1:01:37
Oh, that shit about our win. Know. King Charles? How good was he?
Kara Swisher · 1:01:41
We didn't do win, but go ahead. Go quickly. Do a win. King Charles was fucking fantastic, I have to say.
Scott Galloway · 1:01:48
No one can thread the needle around a thoughtful, intelligent stab in the heart Yes. Like the British. Yeah. And when the king delivers it, you know, I just loved... I I loved I loved the king saying, you have often stated that without us, we would speak in German. I'd just like to remind you that without us, you'd be speaking French. He is so good. Whoever wrote his speech, A, he delivered it perfectly. He actually studied drama in college. I just think... I was so happy because I do think he he stated what we need to know, and that is the alliance between Britain and The US, I would like to think, is unshakable. Also, the king has been sick. It's a really nice moment for him. He is always
Kara Swisher · 1:02:35
He did a good job. He did his kingly duties.
Scott Galloway · 1:02:37
I like the monarchy, and I always got the sense that he's a really decent man. And so I just loved seeing kind of his time in the sun and just how good he was. I thought that was wonderful.
Kara Swisher · 1:02:50
He did good. And the thing is Trump doesn't insult him because he loves the monarchy. So he insulted Trump, and he's the only one who got away with it. So elegant though. Get away with It
Scott Galloway · 1:03:00
was So elegant.
Kara Swisher · 1:03:01
It was. Yeah. I don't even think Trump understood. Honestly, they just wanted to meet the king, all these people. Anyway... And those tech people sucking up to the fucking king was just like, oh my... You guys, you are bigger than Britain, and that's... You could get a meeting with him anytime, give money to his climate change thing. Anyway, I love that the Republicans even cheered for climate change, help with climate change because that's his big... That's prince... King Charles. I keep calling him prince Charles because he was prince for so long, but very nice. I love that, Scott. Anyway, we wanna hear from you. Send us your questions about business tech or whatever's on your mind. Go to nymag.com/pivot to submit a question for the show, or call 85551 Elsewhere in the Karen Scott universe this week, this week on prof g conversations, Scott spoke with Ian Bremmer about how the Iran war fracturing alliances and rising global tensions are reshaping the world order with no clear winners. Let's listen to a clip.
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Kara Swisher · 1:04:41
Interesting. He's absolutely right. That's what Esteban Herndon said too. Anyway, that's the show. Thanks for listening to Pivot, and make sure to like and subscribe to our YouTube channel. We'll be back next week.
Scott Galloway · 1:04:53
Today's show is produced by Lara Amon, Zoe Marcus, Taylor Griffin, and Todd Weisman. Ernie and her Todd introduced this episode. Thanks also to Dubrowz, Mussaverian, Anshul Anshak Khouraz, Vox Media's executive producer podcast. Make sure to follow Pivot on your favorite podcast platform. Thanks for listening to Pivot from New York Magazine and Vox Media. You can subscribe to the magazine nymg.com/pod. We'll be back next week for another breakdown of all things tech and business.
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