WWDC Reactions, Jobs Up Stocks Down, VC Horror Stories | Will Marshall, Baroness Dambisa Moyo, Samuel Hume, David Kirtley, Pete Florence, Jordan Bramble

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

**John Coogan** (0:02)
Today is Monday, June 8th, 2026 We are live from the TBPN Altadom, the Temple of Technology. We're back in the forgers of finance. We're back at the capital of capital.

**Jordi Hays** (0:11)
It's so good to be back.

**John Coogan** (0:12)
It's so good to be back, and it's also so good to tell you about ramp.com. Time is money. Say both. These use corporate cards, bill payments, accounting, and a whole lot more, all in one place.
Oh, the soundboard with the stinger, with the ad read, chef's kiss.

**Jordi Hays** (0:28)
Chef's kiss.

**John Coogan** (0:30)
WWDC, also chef's kiss, long overdue. Two years, two WWDCs ago, we were talking about Apple Intelligence, and it's all finally coming together. The package is finally being delivered. I think the response has been really good. Some of the guys on the team have been watching WWDC already. We have a bunch of folks calling in to discuss WWDC throughout the week, but let's give you the high level first, go through some of the immediate reactions, and of course we'll be covering that throughout this week. So, Apple's annual Worldwide Developers Conference started today and it runs through Friday. Tim Cook just kicked it off with an opening keynote. The theme for this year's conference is All Systems Glow.
All Systems Glow, a little pun. Interesting. Anyway, we're finally getting answers about what the next version of Siri will look like. I think expectations, expectations are in a weird place. They're high.
Everyone's expecting this next version of iOS, which is what they're demoing. That's the main thing of the software version. This isn't an iPhone event. This isn't a hardware event. This is WWDC about the software. Everyone's expecting that the software will go through an actual transformation, and the next version of Apple software will be good, and people will be talking about how good it is because they will deliver a bunch of things. At the same time, expectations aren't so high like going into AppleVision Pro where people are expecting a breakthrough that no other company has ever done before. All people are asking for is implement the best practices from ChatGPT, Gemini, Claude, the stuff we know and love. Even Grok has nicely interfaced into X, where people say, hey Grok, is this real? And it just pulls it up for you. I find myself on tweets just going, oh yeah, I don't want to copy this text out and into another LLM app. I'm happy just asking Grok real quick for an extra detail or one more fact. Google search over you. There's been a lot of AI diffusion into products that's been good. Even Ramp, like Ramp has a chat interface where you can just say, hey, how much did we actually spend on Amazon last month? And it'll just pull it up for you. And it's not like this revolutionary ASI-GI thing. It's just like, nice tool.

**Jordi Hays** (2:38)
I think they did a good job just letting the hype build or the interest build organically, right? They did Rewind a year or two ago. They were running billboards for Apple Intelligence, for Genmoji, all this stuff.
So really setting themselves up for failure.

**John Coogan** (2:54)
So that stuff was overhyped. And I think this feels like completely hyped.

**Jordi Hays** (2:57)
And they were a part of it. They were hyping it themselves.

**John Coogan** (3:01)
Of course. Of course.

**Jordi Hays** (3:02)
They were like, are we coded?

**John Coogan** (3:04)
Yeah, but it seems like they have the right partnerships and the right product strategy at this point. People are familiar with these tools. So just putting them in different places seems reasonable. Models are good now, so make them available at the click of a button. Ideally, the Siri button, which has been completely nerfed for the last two years. Actually, more than that, because Siri has never really seen the adoption or love, product love, that many other products have seen.
And users will be happy. So Google AI search overviews are a good example. It proved that rolling out LLMs, rolling out LLM responses and LLM-generated text, it can be nerve-racking, but it's not rocket science. Like you spit the text out where people expect the answer. There will be funny viral hallucinations. Like right now, even with all the crazy Google IO news, amazing 3.5 foundation models, they're doing really good stuff. DeepMind's a really great team. Like you still say disregard, and instead of just giving you the definition, it says like, okay, got it.
I won't do that anymore. And it gets confused. So there will be those like viral, like jokey, wow, it failed, it flopped. That's gonna happen to Apple. And that's not what Apple likes to deal with.