TML Inkling, California Forever?, TSMC Capex | David Baszucki, Everett Randle, Eric Glyman, Jordan Black

**Jordi Hays** (0:00)
You're watching TBPN.

**John Coogan** (0:02)
Today is Thursday, July 16th, and we are live from TBPN Ultra, the temple of technology, the fortress of finance, the capital of capital. Let me tell you about ramp.com. Time is money, save both, easy to use corporate cards, bill pay, accounting, and a whole lot more, all in one place. We have a very special show for you today because we have Tyler Cosgrove, guest hosting. He's here in the chair. And I know I'm gonna make mistakes today because I always throw it over to Jordi. I gotta remember this. Tyler, it reminds me of this video from Warren Buffett. We gotta play it to show what I'm going through emotionally today without Jordi in the TBPN Ultradome. Let's pull up this video of Warren Buffett throughout the years at the Berkshire Hathaway shareholder meetings.

**Jordi Hays** (0:46)
How do you feel about that?

**Everett Randle** (0:48)
Charlie, Charlie, me?

**Jordan Black** (0:50)
Charlie, Charlie, I'm so used to that.

**John Coogan** (0:55)
Oh, you gotta play it from the beginning.
Years and years, Warren Buffett always goes to Charlie after he gives his comment. He gives his speech and then he kicks it over to Charlie. Through the years.

**Jordan Black** (1:09)
Charlie, Charlie, Charlie.

**John Coogan** (1:12)
Tearjerker.

**Jordi Hays** (1:12)
Yeah, makes me want to cry.

**John Coogan** (1:13)
It's emotional. Charlie, me?

**Jordan Black** (1:17)
Charlie, Charlie, Charlie.

**John Coogan** (1:20)
That's Greg Abel. So if that happens today, I apologize. But there is a ton of news we're going to be going through today. We have a packed line up as well. We have Ev Randle, Eric Glyman, Jordan Black, David Baszucki from Roblox coming on.
We have a great show and there's a lot of news. The first big story is of course, Thinking Machines' new model has released. Miramarati's AI startup released its first model in bid to loosen AI giant's grip. We're going to be talking about open source, closed source, where the frontier is, national geopolitical model moves.

**Jordi Hays** (1:53)
And some people had an idea this was going to happen, some inkling.

**John Coogan** (1:56)
Oh, they had an inkling.

**Jordi Hays** (1:57)
Yeah, that they're going to release some.

**John Coogan** (1:59)
I didn't have an inkling that they were going to jump into the open source.

**Jordi Hays** (2:03)
I think it makes a lot of sense given the Tinker API, right? The whole business is you're doing fine tuning on open source models. It makes a lot of sense that they're going to have their own, that you can easily listen to.

**John Coogan** (2:14)
They are set up as a business to launch an open source model without it degrading any other piece of their business because the Tinker API, that fine tuning that they do, that integration with the customers that they have actually benefits from open source. Then they can go to their clients and say, look, it's the red hat model. At any time, you can leave because we are giving you the weights of the model open source. You can do whatever you want with them, but keep working with us because we're helping you a bunch. We're making money in the process. Thinking Machines Lab, the first model is an open weights model designed to chip away at the lead of open AI and Anthropic, says the Wall Street Journal.
Former open AI technology chief, Mir Moradi, is betting on more customizable artificial intelligence models to chip away at the lead at the frontier labs, such as her former employer hold over the technology. TML, a company led by Moradi, released its first AI model Wednesday and did it with open weights, meaning that others can modify it with their data. Called Inkling, the model has 975 billion total parameters, making it far smaller than estimates of the most advanced closed source models.

**Jordi Hays** (3:18)
Yeah, so it's a mixture of experts. So only, I think, the number is 41 billion of those are actually active at any moment. Yeah, so this is definitely on the bigger side of open source models. Yeah, but like that number, it's not, these aren't like dense models, like what you traditionally think of the models, like, you know, four years ago.

**John Coogan** (3:36)
Yeah, yeah, Muradi told the Journal, we trained it to be a broad, balanced, foundation model, strong across many domains, flexible enough to adapt. Inkling is not the strongest overall model available today, open or closed, which is a different frame of reference for many of these model launches.
It's been, everyone's been jockeying for the Frontier, even if they're not world class at everything. Usually when they launch, they say, oh, well, we're best at something, or we're best at this, but a different tone, different communication strategy. And I think it's being well received. I think people are having fun with it, the reaction.