MetaCloud, Bending Spoons IPO with Founder Luca Ferrari, Amble Founder Joins | Mark Pincus, Shubh Sinha, Wayne Ting, Jeffery Liu & Jon Wang, Eliot Pence, Luca Ferrari, Nick Grossman, Julian Hoenig

**Tyler** (0:00)
You're watching TBPN!

**John Coogan** (0:02)
And I'm zoomed in, you're zoomed out. It's Wednesday, July 1st, 2026 We're live from the TBPN Ultronom, the temple of technology. Let's map it all, let's map it all. Let me tell you about, time is money, save both, easy to use corporate cards, bill pay, accounting and a whole lot more all in one place. Jordi, why are you hitting the gong so hard? What is that for?
Is that for Mark Zuckerberg and Meta? Two gongs for two?

**Jordi Hays** (0:34)
People are always complaining that we don't warm up the gong enough. And so I wanted to start the show and properly warm it up.

**John Coogan** (0:44)
Now it's warmed up. A couple warm up hits to get it warmed up. You'll love to see it.
Great show for you today, folks. Mark Pincus is coming on. We got back to back IPOs, Wayne Ting from Lime, Luca Ferrari from Bending Spoons. We got a bunch of other folks. We got Nick Grossman from USV, talking about the Rebel Alliance thesis. And Amble, we got Julian from Amble, the co-founder and chief design officer, coming on to talk about the electric golf cart, very aesthetic that you're a big fan of, right?

**Jordi Hays** (1:16)
I'm a huge fan of.

**John Coogan** (1:17)
Huge fan, very excited to talk to him.

**Jordi Hays** (1:18)
Perfect show today, perfect show.

**John Coogan** (1:22)
So, our first guest will be joining in 30 minutes, and we'll take you through the news. Meta is selling compute, they're getting out of the computing business. They said, we don't need computers anymore to do what we need to do, we don't need them, we're going to be selling them. Meta Platforms is developing plans for a cloud infrastructure business to sell access to AI computing power and models, competing with industry leaders like AWS and GCP.
The company is considering selling access to various AI models hosted on its existing AI infrastructure, as well as raw computing capacity as part of its MetaCompute initiative. Meta plans to generate revenue from excessive computing power could help return its investment in AI infrastructure, which includes hundreds of billions of dollars spent on data centers and expensive chips. So lots of reactions to this.
The NeoCloud market is selling off. Oddly enough, Meta has a bunch of NeoCloud contracts. Some of those companies are selling off because now they're a buyer and also a competitor. Lots of different takes about Meta finding its footing, finding something that justifies the massive CapEx. Of course, Meta-

**Jordi Hays** (2:31)
It's deeply confusing, John.

**John Coogan** (2:32)
Yeah? Is it?

**Jordi Hays** (2:34)
I mean, the whole thing, the whole thing. What's confusing about it?
I think it is practical what they're doing.

**John Coogan** (2:41)
Yeah.

**Jordi Hays** (2:41)
But it shouldn't, it doesn't, as somebody that I would say overall has been a big cheerleader for Meta, I think it's truly the best. In my view, it is a perfect business.
It doesn't give you a lot of confidence in the strategy overall. They're signing these NeoCloud deals worth tens of billions of dollars. They're spending hundreds of billions of dollars. Yeah, they can make the argument that doing any type of NeoCloud deals themselves is just good business. It's just the best way to get ROI today. It doesn't give you a lot of confidence that there's near term products on the horizon for Meta that are going to be able to utilize that capacity themselves, which has clearly been their strategy. Mark and the team have never said, we want to be in the cloud business. They've talked about the possibility of it, but the stated goal of MSL is personal superintelligence.

**John Coogan** (3:51)
I was a fan of it, and I think you were a huge fan of it. You were like a manace on your phone, going around your social networks. That's my biggest bull case for all of this. There are so many different applications that I can imagine being a daily driver of in the meta family of apps.
Oddly, none of that has really been even tried, in my opinion. It feels like a little bit early to call it.

**Jordi Hays** (4:14)
Yeah, all we've really seen so far is Muse Spark.

**John Coogan** (4:18)
Good on benchmarks, like decent, you know?

**Jordi Hays** (4:22)
But again, not anything that anyone should really get that excited about.

**John Coogan** (4:29)
As an API provider.

**Jordi Hays** (4:31)
Exactly.

**John Coogan** (4:31)
They did announce that they were going to release it via an API. I don't think they have.

**Jordi Hays** (4:35)
They might still. It's a good model, sir, but I don't think it will have a lot of demand. And then we've seen MetaVibes, which was a mid-journey rapper.