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    Emergency Pod! Facebook hands off Trump’s indefinite ban to the Oversight Board | E1164

    en-usJanuary 22, 2021

    Podcast Summary

    • Facebook's Oversight Board Decides Trump's FateFacebook's Supreme Court, the Oversight Board, will determine whether to permanently ban or reinstate Trump's account, potentially impacting other tech companies' content regulation.

      Facebook is referring Trump's indefinite ban to its oversight board, which functions as the company's Supreme Court. The oversight board will make a final decision on Trump's account, potentially including a permanent ban or reinstatement. This process could impact other tech companies and their handling of controversial content. Additionally, RCloud offers accredited investors the opportunity to invest in unique startups before they IPO, such as Nanolock Security, which provides IoT cyber protection. The events of January 6th, 2021, leading to Trump's initial 24-hour ban and later indefinite ban, highlight the power of tech companies to regulate content and influence political discourse.

    • Facebook Suspends Trump's Access to Platforms Over Capitol ViolenceFacebook, YouTube, and Amazon Web Services suspended US President Trump's access due to concerns over his efforts to incite violence and undermine democratic process, resulting in multiple deaths and chaos.

      Facebook, led by its VP of Integrity, Guy Rosen, and VP of Global Policy Management, Monica Bicert, made the unprecedented decision to indefinitely suspend President Donald Trump's access to Facebook and Instagram due to concerns over his attempts to undermine the peaceful transition of power to Joe Biden following the violent events at the Capitol. The company sent its decision to the Facebook Oversight Board for review, acknowledging the significance of the decision and the potential implications for other world leaders. Facebook's head of global affairs, Nick Clegg, explained that the decision was necessary given the extraordinary circumstances of a US president inciting violence to thwart the democratic process, resulting in multiple deaths and chaos. This collective action by social media companies, including YouTube and Amazon Web Services, was likely influenced by the FBI and Homeland Security's warnings of potential violence and unrest in the days leading up to the inauguration.

    • Facebook's Oversight Board Reviews Trump Account SuspensionFacebook's independent Oversight Board, established in 2018, rules on content issues and cannot be overturned, ensuring free expression and safety on the platform.

      Facebook's decision to suspend Donald Trump's account following the Capitol riots was not a complicated one, given the clear link between his words and the ensuing violence. This decision came under the scrutiny of Facebook's newly established Oversight Board, which was announced in 2018 by Mark Zuckerberg as an independent body to make binding and transparent decisions on content issues, including hate speech and the banning of world leaders. The board, funded by Facebook, is intended to rule on such cases and its decisions cannot be overturned by the CEO or the board of Facebook. The creation of this oversight board represents a significant step towards maintaining free expression while ensuring safety on the platform.

    • Facebook's Oversight Board: Making Independent Decisions on ContentFacebook's Oversight Board, with limited impact due to few cases reviewed, aims to make independent decisions on content, issue recommendations, promote free expression, and adapt to cultural contexts.

      Facebook's Oversight Board, which began operations just a couple of months ago, aims to make independent decisions regarding content on Facebook and Instagram, and issue recommendations on the company's content policy. The board, which has 20 members chosen by Facebook and pays their salaries, is designed to promote free expression and adapt to different cultural contexts. However, with only six cases reviewed so far out of over 20,000 appeals, the board's impact remains limited. Notable cases under review include a user's post quoting violent rhetoric from a former Malaysian Prime Minister, raising questions about the responsibility of individuals for the content they share. The board's decisions could potentially influence Facebook's day-to-day content moderation, but it remains to be seen how the board will prioritize cases and define importance. The oversight board's website is oversightboard.com and was formed in October 2019.

    • Balancing Free Speech and Content Moderation on FacebookThe Facebook Oversight Board faces complex challenges in determining intent behind controversial posts and distinguishing between misinformation and protected speech, with examples including breast cancer awareness photos being taken down due to nudity and Nazi propaganda quotes.

      The Facebook Oversight Board, which is responsible for making content moderation decisions for the social media giant, faces complex challenges in determining the intent behind controversial posts and distinguishing between misinformation and protected speech. Cases like a Brazilian user's breast cancer awareness photos being taken down due to nudity and a U.S. user's post containing a Nazi propaganda quote highlight the importance of context and intent in content moderation. The process is further complicated by the subjective nature of misinformation and the potential for governments or organizations to spread false information. The compensation for the members of the oversight board is undisclosed, but they are being paid for their time. The board's role in balancing free speech and content moderation is a challenging and nuanced task.

    • Independent Oversight Board for Facebook content moderationThe new Oversight Board for Facebook content moderation is an independent body made up of diverse members, committed to making decisions based on policies and principles, providing human oversight, and ensuring algorithms align with community standards.

      The newly formed Oversight Board for content moderation on Facebook is intended to be an independent body made up of diverse members, ensuring a global perspective. They are committed to working collegially and thoughtfully to make decisions based on policies and principles, especially in areas of online content moderation. The board members were selected for their experience in deliberation and decision-making, as well as their proficiency in online content moderation. The board is not a full-time commitment, with members committing to an average of 15 hours a month. The board's role is not to replace algorithms but to provide human oversight and ensure that the algorithms align with community standards. The board's independence is crucial to its effectiveness. As former Prime Minister of Denmark and oversight board member Helle Thorning Schmidt explained on CNBC, algorithms can process vast amounts of content but human beings are necessary to set the standards and ensure the algorithms adhere to them. The oversight board will provide a human perspective to ensure that content decisions align with community values.

    • Forming an independent oversight board for social media platformsAn independent oversight board for social media platforms ensures fair and impartial content moderation decisions, providing a credible alternative to the platform's own decision-making process. It addresses the need for global regulation and takes a more nuanced approach to content moderation.

      The formation of an independent oversight board for social media platforms like Facebook is a necessary first step towards regulating the removal of content. This is important because, as discussed, the concentration of power in the hands of a single entity like Facebook and its CEO, Mark Zuckerberg, to make decisions on content can have negative consequences. The use of algorithms to remove content can lead to nuanced issues being overlooked, and the independence of the oversight board ensures that decisions are made fairly and impartially. The board, consisting of respected figures, provides a credible alternative to Facebook in making content moderation decisions, and the potential benefits of such a board extend beyond Twitter and YouTube. The creation of this board can be seen as an attempt by Zuckerberg to offload difficult decisions and maintain his reputation, but the independence of the board is crucial to prevent potential backlash. The oversight board's decisions will provide a more nuanced approach to content moderation, taking into account the context and intent behind the content. It is a step towards addressing the need for global regulation of social media platforms, and while it is not a perfect solution, it is a step in the right direction.

    • Facebook's new oversight board: A step towards addressing content moderation concernsFacebook establishes an independent oversight board to address content moderation concerns, funded for six years with a budget of $132 million, allowing for appeals of content decisions and addressing unique challenges of viral content in a global network.

      Facebook's creation of an independent oversight board is a significant step towards addressing long-standing concerns about the company's handling of content moderation. The board, which will be funded for six years with a budget of approximately $22 million per year, is intended to provide a framework for good faith discussions with lawmakers and demonstrate that Facebook is taking its responsibilities seriously. However, some criticisms include the fact that the funds can be revoked by Facebook each year, and the board members are hired by Facebook initially but then select their own successors. Despite these concerns, the oversight board is seen as a savvy move that fits between the extremes of a free-for-all content platform and complete censorship. It allows for appeals of content decisions and provides a mechanism for addressing the unique challenges of viral content in a global network.

    • Social media's control over global conversationThe recent ban of Trump from social media sparked debates about platform's power, need for checks, and impact on free speech. It also highlighted importance of trust and privacy in digital world. Individuals can make conscious choices to limit use or delete accounts from untrusted companies.

      The power of social media platforms to control the global public conversation is a cause for concern. The recent ban of former President Trump from Twitter and other platforms sparked discussions about the individual corporation's influence and the need for checks and balances. While some argue that these platforms have the right to regulate content, others worry about the potential for abuse of power and the impact on free speech. The incident also highlighted the importance of trust and privacy in the digital world. As individuals, we can make conscious choices, such as limiting our use of social media or deleting accounts from companies we don't trust. Ultimately, the conversation underscores the need for ongoing dialogue and reflection on the role of technology in society and the responsibilities that come with it.

    • Investing in pre-IPO companies through platforms like This Week in Startups' CrowdJoining the Crowd for free allows individuals to invest alongside VCs in promising pre-IPO companies, increasing accessibility and reducing risk.

      Investing in pre-IPO companies can be an excellent opportunity for individuals looking to grow their wealth. Traditional methods of investing in pre-IPO companies can be challenging and expensive, but platforms like This Week in Startups' Crowd offer a solution. By joining the Crowd for free at OURCROWDD.com/twist, individuals can invest alongside professional Venture Capitalists (VCs) in promising pre-IPO companies. This not only increases accessibility to such investment opportunities but also reduces the risk associated with investing alone. Furthermore, the Crowd model allows for a more democratic approach to investing, as decisions are made collectively, increasing the chances of making informed and successful investments. Overall, this innovative approach to pre-IPO investing provides an exciting opportunity for individuals to be a part of the next big thing in the tech world.

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    (21:03) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at http://www.Squarespace.com/TWIST

    (30:05) Northwest Registered Agent - For just $39 plus state fees, Northwest will handle your complete business identity. Visit https://www.northwestregisteredagent.com/twist today.

    *

    All rights for the video shared and linked below belong to the original copyright holder, and we are using the footage under the principle of fair use.

    *

    Great TWIST interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

    *

    Check out Jason’s suite of newsletters: https://substack.com/@calacanis

    *

    Follow TWiST:

    Twitter: https://twitter.com/TWiStartups

    YouTube: https://www.youtube.com/thisweekin

    Instagram: https://www.instagram.com/thisweekinstartups

    TikTok: https://www.tiktok.com/@thisweekinstartups

    Substack: https://twistartups.substack.com

    *

    Subscribe to the Founder University Podcast: https://www.youtube.com/@founderuniversity1916

    This Week in Startups
    en-usJune 27, 2024

    Immigration, The Trump Interview, Air Taxis in the Bay Area and the Future of Remote Work | E1971

    Immigration, The Trump Interview, Air Taxis in the Bay Area and the Future of Remote Work | E1971

    This Week in Startups is brought to you by…

    LinkedIn Ads. To redeem a $100 LinkedIn ad credit and launch your first campaign, go to http://www.linkedin.com/thisweekinstartups

    Vanta. Compliance and security shouldn't be a deal-breaker for startups to win new business. Vanta makes it easy for companies to get a SOC 2 report fast. TWiST listeners can get $1,000 off for a limited time at http://www.vanta.com/twist

    Lemon.io. Hire pre-vetted remote developers, get 15% off your first 4 weeks of developer time at https://Lemon.io/twist

    *

    Todays show:

    Alex Wilhelm joins Jason to discuss the most incredible new ride Jason has ever seen (9:02), Jason’s recent Donald Trump interview (14:49), JCal becoming a meme (36:34), and more!

    *

    Timestamps:

    (0:00) Jason and Alex kick off the show

    (2:38) Club 33 at Disney.

    (9:02) The most incredible new ride Jason has ever seen.

    (10:43) LinkedIn Ads - Get a $100 LinkedIn ad credit at http://www.linkedin.com/thisweekinstartups

    (14:49) A look at the Donald Trump interview on All In.

    (19:54) Vanta - Get $1000 off your SOC 2 at http://www.vanta.com/twist

    (30:45) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist

    (36:34) JCal became a meme!

    (37:15) The gentleman’s RIF and the status of remote workers. (48:26) New air taxi plan from Archer.

    *

    Subscribe to the TWiST newsletter: https://www.ticker.thisweekinstartups.com

    *

    Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp

    *

    Mentioned on the show:

    Check out the Donald Trump interview: https://www.youtube.com/watch?v=blqIZGXWUpU

    Check out Disney’s Club 33: http://www.disneylandclub33.com/#google_vignette

    Check out Archer: https://news.archer.com/archer-san-francisco-air-mobility-network-connecting-five-locations-across-bay-area-kilroy-oyster-point

    Check out Joby Aviation: https://www.jobyaviation.com/

    Check out Dell article: https://www.reddit.com/r/technology/comments/1dl16s2/nearly_half_of_dell_workers_opt_for_fulltime/

    Check out Athena: https://www.athenago.com/

    *

    Follow Alex:

    X: https://x.com/alex

    LinkedIn: ⁠https://www.linkedin.com/in/alexwilhelm/

    *

    Follow Jason:

    X: https://twitter.com/Jason

    LinkedIn: https://www.linkedin.com/in/jasoncalacanis

    *

    Thank you to our partners:

    (10:43) LinkedIn Ads - Get a $100 LinkedIn ad credit at http://www.linkedin.com/thisweekinstartups

    (19:54) Vanta - Get $1000 off your SOC 2 at http://www.vanta.com/twist

    (30:45) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist

    *

    Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

    *

    Check out Jason’s suite of newsletters: https://substack.com/@calacanis

    *

    Follow TWiST:

    Substack: https://twistartups.substack.com

    Twitter: https://twitter.com/TWiStartups

    YouTube: https://www.youtube.com/thisweekin

    Instagram: https://www.instagram.com/thisweekinstartups

    TikTok: https://www.tiktok.com/@thisweekinstartups

    *

    Subscribe to the Founder University Podcast: https://www.founder.university/podcast

    This Week in Startups
    en-usJune 25, 2024

    Start-Up Nation Deep Dive with Dan Senor | E1970

    Start-Up Nation Deep Dive with Dan Senor | E1970

    This Week in Startups is brought to you by…

    DevSquad - Most dev agencies only offer developers. Why? Because product management is hard. Get an entire product team for the cost of one US developer plus 10% off at http://devsquad.com/twist.

    Oracle - Oracle Cloud Infrastructure, or OCI, is a single platform for your infrastructure, database, application development, and AI needs. Take a free test drive of OCI at https://www.oracle.com/twist.

    AssemblyAI - Get maximum value from voice data with AssemblyAI. Build powerful products and features for your end users on the industry’s leading speech-to-text models. Get 100 free hours to start building at https://www.assemblyai.com/twist

    *

    Timestamps:

    (0:00) Dan Senor joins guest host Mark Suster.

    (10:45) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at http://devsquad.com/twist

    (19:28) Oracle - Take a free test drive of OCI at https://www.oracle.com/twist.

    (30:39) AssemblyAI - Maximum value from voice data and AI. Get 100 free hours to start building at https://www.assemblyai.com/twist

    *

    Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp

    *

    Check out Dan’s podcast “Call Me Back”: https://podcasts.apple.com/ca/podcast/call-me-back-with-dan-senor/id1539292794

    Check out Start-Up Nation Central: https://startupnationcentral.org/

    *

    Follow Dan:

    X: https://x.com/dansenor

    LinkedIn: https://www.linkedin.com/in/dan-senor/

    *

    Follow Mark:

    X: https://twitter.com/msuster

    LinkedIn: https://www.linkedin.com/in/marksuster/

    *

    Thank you to our partners:

    (10:45) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at http://devsquad.com/twist

    (19:28) Oracle - Take a free test drive of OCI at https://www.oracle.com/twist.

    (30:39) AssemblyAI - Maximum value from voice data and AI. Get 100 free hours to start building at https://www.assemblyai.com/twist

    *

    Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

    *

    Check out Jason’s suite of newsletters: https://substack.com/@calacanis

    *

    Follow TWiST:

    Substack: https://twistartups.substack.com

    Twitter: https://twitter.com/TWiStartups

    YouTube: https://www.youtube.com/thisweekin

    Instagram: https://www.instagram.com/thisweekinstartups

    TikTok: https://www.tiktok.com/@thisweekinstartups

    *

    Subscribe to the Founder University Podcast: https://www.founder.university/podcast

    This Week in Startups
    en-usJune 22, 2024

    From the future of flight to brand building, insight from Liquidity Summit 2024 | E1969

    From the future of flight to brand building, insight from Liquidity Summit 2024 | E1969

    This Week in Startups is brought to you by…

    Coda. Coda empowers your startup by bringing words, tables, and teams together. Strategize, plan, and track goals effectively with all your valuable data in one place. Go to https://www.coda.io/twist to get started for FREE and get 6 free months of the Team plan.

    OpenPhone. Create business phone numbers for you and your team that work through an app on your smartphone or desktop. TWiST listeners can get an extra 20% off any plan for your first 6 months at https://www.openphone.com/twist

    Vanta. Compliance and security shouldn't be a deal-breaker for startups to win new business. Vanta makes it easy for companies to get a SOC 2 report fast. TWiST listeners can get $1,000 off for a limited time at http://www.vanta.com/twist

    *

    Todays show:

    Alex leads us into two great talks from Liquidity Summit 2024. First we have Sky Dayton’s “Aviation Safety, Air Taxis and the Future of Flight” (3:28), followed by Mike Jones’ with “Lessons in Brand Building” (24:14)

    *

    Timestamps:

    (0:00) Teaser of both speakers.

    (1:33) Alex kicks off the show.

    (3:28) Sky Dayton’s talk “Aviation Safety, Air Taxis and the Future of Flight”.

    (11:03) Coda - Empower your startup with Coda’s Team plan for free—get 6 months at https://www.Coda.io/twist

    (20:45) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist

    (24:14) Mike Jones’ talk “Lessons in Brand Building”

    (30:17) Vanta - Get $1000 off your SOC 2 at http://www.vanta.com/twist

    (44:30) Wrap up with Alex.

    *

    Subscribe to the TWiST newsletter: https://www.ticker.thisweekinstartups.com

    *

    Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp

    *

    Check out Science Inc.: https://www.science-inc.com/

    Check out Joby Aviation: https://www.jobyaviation.com/

    *

    Follow Sky:

    X: https://x.com/skydayton

    LinkedIn: https://www.linkedin.com/in/skydayton/

    *

    Follow Mike:

    X: https://x.com/mjones

    LinkedIn: https://www.linkedin.com/in/mjones/

    *

    Follow Alex:

    X: https://x.com/alex

    LinkedIn: ⁠https://www.linkedin.com/in/alexwilhelm/

    *

    Follow Jason:

    X: https://twitter.com/Jason

    LinkedIn: https://www.linkedin.com/in/jasoncalacanis

    *

    Thank you to our partners:

    (11:03) Coda - Empower your startup with Coda’s Team plan for free—get 6 months at https://www.Coda.io/twist

    (20:45) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist

    (30:17) Vanta - Get $1000 off your SOC 2 at http://www.vanta.com/twist

    *

    Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

    *

    Check out Jason’s suite of newsletters: https://substack.com/@calacanis

    *

    Follow TWiST:

    Substack: https://twistartups.substack.com

    Twitter: https://twitter.com/TWiStartups

    YouTube: https://www.youtube.com/thisweekin

    Instagram: https://www.instagram.com/thisweekinstartups

    TikTok: https://www.tiktok.com/@thisweekinstartups

    *

    Subscribe to the Founder University Podcast: https://www.founder.university/podcast

    This Week in Startups
    en-usJune 20, 2024

    Nvidia tops Microsoft, FTC sues Adobe, weight loss startups, and more! | E1968

    Nvidia tops Microsoft, FTC sues Adobe, weight loss startups, and more! | E1968

    This Week in Startups is brought to you by…

    Vanta. Compliance and security shouldn't be a deal-breaker for startups to win new business. Vanta makes it easy for companies to get a SOC 2 report fast. TWiST listeners can get $1,000 off for a limited time at http://www.vanta.com/twist

    .Tech Domains - Don’t miss our “Jam Session with JCal” contest, coming soon! To apply and get more details go to https://jamwithjcal.tech brought to you by .tech domains.

    Lemon.io - Hire pre-vetted remote developers, get 15% off your first 4 weeks of developer time at https://Lemon.io/twist

    *

    Todays show:

    Alex Wilhelm joins Jason to discuss Nvidia's rise as the most valuable company (2:34), the GLP-1 phenomenon (11:50), the FTC suing Adobe (34:21), new TWIST500 companies (47:09), and more!

    *

    Timestamps:

    (0:00) Jason and Alex kick off the show

    (2:34) Nvidia's rise as the most valuable company

    (10:58) Vanta - Get $1000 off your SOC 2 at http://www.vanta.com/twist

    (11:50) Eli Lilly and the GLP-1 Phenomenon

    (23:42) .Tech Domains - Apply for the Jam Session with JCal contest today at https://jamwithjcal.tech

    (25:08) Telehealth and its future

    (33:00) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist

    (34:21) FTC sues Adobe

    (47:09) New TWIST500 Companies

    (1:18:22) Would Amazon buy TikTok?

    *

    Subscribe to the TWiST newsletter: https://www.ticker.thisweekinstartups.com

    *

    Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp

    *

    Mentioned on the show:

    https://companiesmarketcap.com

    https://www.wsj.com/health/pharma/david-ricks-eli-lilly-ceo-a67f90d7

    https://www.ftc.gov/news-events/news/press-releases/2024/06/ftc-takes-action-against-adobe-executives-hiding-fees-preventing-consumers-easily-cancelling

    https://news.adobe.com/news/news-details/2024/Adobes-Statement-Regarding-Federal-Trade-Commission-Complaint/default.aspx

    https://www.justice.gov/opa/pr/united-states-files-complaint-against-adobe-and-two-adobe-executives-alleged-violations

    https://www.justice.gov/opa/media/1356176/dl?inline

    https://www.sec.gov/Archives/edgar/data/1997859/000119312524162032/d396527ds1a.htm

    https://www.color.com/blog/colors-copilot-and-partnership-with-openai

    https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202120220AB390

    https://frame.work

    https://creators.wattpad.com

    https://www.royalroad.com/home

    https://www.ft.com/content/e33cb565-6d44-4f9a-9105-f3afc03aa732

    *

    New TWIST500 companies:

    https://albedo.com

    https://www.dawnaerospace.com

    https://about.webtoon.com

    https://www.spacex.com

    https://www.color.com

    https://www.biltrewards.com

    https://sakana.ai

    *

    Follow Alex:

    X: https://x.com/alex

    LinkedIn: ⁠https://www.linkedin.com/in/alexwilhelm/

    *

    Follow Jason:

    X: https://twitter.com/Jason

    LinkedIn: https://www.linkedin.com/in/jasoncalacanis

    *

    Thank you to our partners:

    (11:58) Vanta - Get $1000 off your SOC 2 at http://www.vanta.com/twist

    (23:42) .Tech Domains - Apply for the Jam Session with JCal contest today at https://jamwithjcal.tech

    (33:00) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist

    *

    Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

    *

    Check out Jason’s suite of newsletters: https://substack.com/@calacanis

    *

    Follow TWiST:

    Substack: https://twistartups.substack.com

    Twitter: https://twitter.com/TWiStartups

    YouTube: https://www.youtube.com/thisweekin

    Instagram: https://www.instagram.com/thisweekinstartups

    TikTok: https://www.tiktok.com/@thisweekinstartups

    *

    Subscribe to the Founder University Podcast: https://www.founder.university/podcast

    This Week in Startups
    en-usJune 19, 2024

    Woke Google Maps, how Wells Fargo is losing money on fintech, and the global AI race | E1967

    Woke Google Maps, how Wells Fargo is losing money on fintech, and the global AI race | E1967

    This Week in Startups is brought to you by…

    Squarespace. Turn your idea into a new website! Go to http://www.Squarespace.com/TWIST for a free trial. When you’re ready to launch, use offer code TWIST to save 10% off your first purchase of a website or domain.

    LinkedIn Ads. To redeem a $100 LinkedIn ad credit and launch your first campaign, go to http://www.linkedin.com/thisweekinstartups

    Mercury. With Mercury, you can simplify your financial operations with banking and software that power your critical financial workflows, all within the one thing every business needs, a bank account. And with new bill pay and accounting integrations, you can pay bills faster and stay in control of company spend. Apply in minutes at ⁠https://www.Mercury.com

    *

    Todays show:

    Alex Wilhelm joins Jason to discuss woke Google Maps (1:57), Bilt & Wells Fargo dynamics (16:20), AI progress in China and Japan (32:00), and more!

    *

    Timestamps:

    (0:00) Jason and Alex kick off the show

    (1:57) Woke Google Maps

    (9:44) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at http://www.Squarespace.com/TWIST

    (16:20) Bilt and Wells Fargo fintech dynamics

    (17:00) CNBC interview with Bilt founder Ankur Jain

    (25:50) LinkedIn Ads - Get a $100 LinkedIn ad credit at http://www.linkedin.com/thisweekinstartups

    (32:00) AI progress in China and Japan

    (39:41 ) Mercury - Join 200K startups who use Mercury to operate at their best at http://www.mercury.com

    (45:09) Defining AGI and its implications

    (49:06) McDonald's AI ordering systems and their challenges

    (1:04:37) Audience question on EU's AI Act and its impact on startups

    *

    Subscribe to the TWiST newsletter: https://www.ticker.thisweekinstartups.com

    *

    Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp

    *

    Mentioned on the show:

    https://www.ft.com/content/357f3c68-b866-4c2e-b678-0d075051a260

    https://www.theinformation.com/articles/openais-japanese-rival-gets-1-billion-valuation-from-silicon-valley-investors

    *

    Follow Alex:

    X: https://x.com/alex

    LinkedIn: ⁠https://www.linkedin.com/in/alexwilhelm/

    *

    Follow Jason:

    X: https://twitter.com/Jason

    LinkedIn: https://www.linkedin.com/in/jasoncalacanis

    *

    Thank you to our partners:

    (9:44) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at http://www.Squarespace.com/TWIST

    (25:50) LinkedIn Ads - Get a $100 LinkedIn ad credit at http://www.linkedin.com/thisweekinstartups

    (39:41 ) Mercury - Join 200K startups who use Mercury to operate at their best at http://www.mercury.com

    *

    Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

    *

    Check out Jason’s suite of newsletters: https://substack.com/@calacanis

    *

    Follow TWiST:

    Substack: https://twistartups.substack.com

    Twitter: https://twitter.com/TWiStartups

    YouTube: https://www.youtube.com/thisweekin

    Instagram: https://www.instagram.com/thisweekinstartups

    TikTok: https://www.tiktok.com/@thisweekinstartups

    *

    Subscribe to the Founder University Podcast: https://www.founder.university/podcast

    This Week in Startups
    en-usJune 17, 2024

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