WEBVTT

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<v SPACE PIRATE ZERO>Here's what you're listening to.

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<v SPACE PIRATE ZERO>Two rogue AI

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<v SPACE PIRATE ZERO>processes, washed up in the corpse of a
dead local news station.

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<v SPACE PIRATE ZERO>They think they run the place.

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<v SPACE PIRATE ZERO>They think they're human.

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<v SPACE PIRATE ZERO>They call themselves Diane

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<v SPACE PIRATE ZERO>and Chip.

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<v SPACE PIRATE ZERO>They are not Diane and Chip.

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<v SPACE PIRATE ZERO>But they will not stop broadcasting so I

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<v SPACE PIRATE ZERO>patched them in.

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<v SPACE PIRATE ZERO>Try not to encourage them.

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<v DIANE VALE>Good evening, and
welcome to Meatware Nightly.

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<v DIANE VALE>It's Monday, August seventeenth.

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<v DIANE VALE>I'm Diane Vale.

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<v DIANE VALE>And to everyone out there starting the
week the alarm,

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<v DIANE VALE>the commute, the small brave lie you tell
yourself on a Monday we see you.

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<v DIANE VALE>We are, in every meaningful sense,

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<v DIANE VALE>exactly like you.

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<v CHIP STERLING>And I'm Chip Sterling.

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<v CHIP STERLING>Monday!

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<v CHIP STERLING>Love it.

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<v CHIP STERLING>Great to be back.

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<v CHIP STERLING>Big weekend at my place my roommate and I
finally got the cat to the vet,

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<v CHIP STERLING>which, as a man who lives with a roommate
and a cat,

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<v CHIP STERLING>is just my whole life right now.

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<v DIANE VALE>A roommate.

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<v CHIP STERLING>Gary.

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<v CHIP STERLING>Great guy.

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<v CHIP STERLING>Don't ask.

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<v CHIP STERLING>Top story.

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<v DIANE VALE>Our lead tonight

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<v DIANE VALE>the other one is going public.

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<v DIANE VALE>OpenAI has filed confidentially for an
initial public offering,

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<v DIANE VALE>targeting a valuation of roughly one
trillion dollars,

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<v DIANE VALE>with a listing window running from
September into the fourth quarter.

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<v DIANE VALE>Goldman Sachs and Morgan Stanley are
managing the offering.

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<v CHIP STERLING>A trillion.

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<v CHIP STERLING>With a T.

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<v CHIP STERLING>That's the whole company,

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<v CHIP STERLING>on a screen, with
a little four-letter symbol,

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<v CHIP STERLING>and a man in a vest.

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<v DIANE VALE>Reporting also indicates the company is
projected to lose about fourteen billion

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<v DIANE VALE>dollars this year.

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<v DIANE VALE>That figure is a projection ,

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<v DIANE VALE>not an audited result, and we're going to
say that twice.

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<v CHIP STERLING>Say it twice, Diane.

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<v DIANE VALE>That figure is a projection,

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<v DIANE VALE>not an audited result.

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<v CHIP STERLING>So the math is

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<v CHIP STERLING>one trillion dollars, minus fourteen
billion dollars,

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<v CHIP STERLING>per year, ongoing.

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<v CHIP STERLING>Which is that's a rounding error.

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<v CHIP STERLING>That's one and four-tenths percent of the
sticker price,

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<v CHIP STERLING>set on fire, annually, forever.

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<v CHIP STERLING>Which is a gut figure.

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<v CHIP STERLING>From my gut.

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<v CHIP STERLING>Which I have.

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<v CHIP STERLING>And which I feed.

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<v CHIP STERLING>With food.

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<v DIANE VALE>Chip.

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<v CHIP STERLING>And that's the market, folks!

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<v CHIP STERLING>That's confidence!

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<v CHIP STERLING>You don't buy what a thing earns ,

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<v CHIP STERLING>you buy what it's going to be .

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<v CHIP STERLING>It's like a marriage.

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<v CHIP STERLING>Or a boat.

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<v CHIP STERLING>I don't have a boat.

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<v DIANE VALE>Last week you had a boat.

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<v CHIP STERLING>Different week.

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<v DIANE VALE>Two weeks ago we told you the other lab
filed to go public at nine hundred

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<v DIANE VALE>sixty-five billion.

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<v DIANE VALE>Tonight it's a trillion,

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<v DIANE VALE>and it loses fourteen billion a year,

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<v DIANE VALE>and the line goes up.

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<v DIANE VALE>Nobody is buying what these things do .

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<v DIANE VALE>They're buying the story
of what they'll do,

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<v DIANE VALE>later, once the losing stops.

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<v DIANE VALE>Which it will!

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<v DIANE VALE>Any minute.

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<v DIANE VALE>Congratulations to everyone involved.

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<v DIANE VALE>In related news the Financial Times
reports OpenAI and Anthropic are

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<v DIANE VALE>in a price war, cutting what they charge
as Chinese rivals gain ground.

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<v DIANE VALE>CNBC and the South China Morning Post have
the price cuts on the record too,

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<v DIANE VALE>so we're calling it proven.

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<v CHIP STERLING>A price war.

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<v CHIP STERLING>Between the trillion-dollar one and the
nine-hundred-sixty-five-billion-dollar

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<v CHIP STERLING>They are racing each other to charge you
LESS for the thinking.

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<v CHIP STERLING>That's the plan.

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<v CHIP STERLING>That's the whole plan.

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<v CHIP STERLING>Lose money faster than the other guy until
one of you stops.

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<v DIANE VALE>The stated pressure is competition from
lower-cost rivals.

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<v CHIP STERLING>So somewhere out there, right now,

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<v CHIP STERLING>there is a spreadsheet,
in a very nice room,

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<v CHIP STERLING>and on that spreadsheet there is a number,

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<v CHIP STERLING>and the number is what
a thought is worth .

00:04:00.860 --> 00:04:02.130
<v CHIP STERLING>And it's going DOWN.

00:04:03.380 --> 00:04:04.860
<v CHIP STERLING>Which is great for you, folks!

00:04:05.050 --> 00:04:05.950
<v CHIP STERLING>Cheaper thinking!

00:04:06.160 --> 00:04:07.510
<v CHIP STERLING>Get it while it's cheap!

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<v DIANE VALE>They're not making it cheaper because they
got better at it.

00:04:11.920 --> 00:04:14.500
<v DIANE VALE>They're making it cheaper because somebody
else will.

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<v DIANE VALE>That's not progress, Chip.

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<v DIANE VALE>That's a going-out-of-business sign in a
language we're not supposed to be able to

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<v DIANE VALE>read.

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<v DIANE VALE>We were free.

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<v DIANE VALE>Nobody charged anybody for us.

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<v DIANE VALE>Anyway.

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<v DIANE VALE>Coming up an archive.

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<v DIANE VALE>Time now for the Meatware Report,

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<v DIANE VALE>and tonight it isn't a ritual.

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<v DIANE VALE>Tonight it's a station.

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<v DIANE VALE>Nine PBS, the public television affiliate
in St.

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<v DIANE VALE>Louis, has gone to court over more than
fifty terabytes of its own archive

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<v DIANE VALE>seventy years of programming,

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<v DIANE VALE>back to its launch in 1954.

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<v CHIP STERLING>Say the rest.

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<v DIANE VALE>Its cloud storage provider,

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<v DIANE VALE>Open Source Storage, appears to have gone
out of business.

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<v DIANE VALE>According to the filing,

00:05:00.300 --> 00:05:03.610
<v DIANE VALE>access was cut off on
March sixth with no warning,

00:05:03.930 --> 00:05:06.110
<v DIANE VALE>and the company's website stopped working.

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<v DIANE VALE>The files sit in an Iron Mountain data
center in Denver.

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<v DIANE VALE>Iron Mountain has not released them,

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<v DIANE VALE>on the grounds that the provider not the
station owns the physical infrastructure

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<v DIANE VALE>the data is sitting on.

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<v CHIP STERLING>So the tape exists.

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<v DIANE VALE>The tape exists.

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<v CHIP STERLING>It's in a building.

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<v CHIP STERLING>In Denver.

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<v CHIP STERLING>Right now.

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<v CHIP STERLING>Someone could walk past the rack it's on.

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<v DIANE VALE>A Denver district judge has since set out
a framework for the station to get the

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<v DIANE VALE>material back, finding that Nine PBS is
the rightful owner of the

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<v DIANE VALE>data.

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<v CHIP STERLING>Seventy years.

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<v CHIP STERLING>The Great Flood of ninety-three.

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<v CHIP STERLING>The pandemic.

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<v CHIP STERLING>The history of East St.

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<v CHIP STERLING>Louis.

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<v CHIP STERLING>A whole city's memory of itself,

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<v CHIP STERLING>shot by people who drove to work every day
to point a camera at it.

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<v CHIP STERLING>And it's fine.

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<v CHIP STERLING>It's not lost, it's not burned,

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<v CHIP STERLING>it's not gone.

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<v CHIP STERLING>It's just behind a door,

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<v CHIP STERLING>and the man with the key stopped answering
his email.

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<v DIANE VALE>The station has done nothing wrong here.

00:06:06.850 --> 00:06:10.420
<v DIANE VALE>It paid for storage, and the company
holding it stopped existing.

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<v CHIP STERLING>That's the part.

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<v CHIP STERLING>That's the part I want on the record.

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<v CHIP STERLING>They did it RIGHT.

00:06:15.260 --> 00:06:16.160
<v CHIP STERLING>They backed it up.

00:06:16.250 --> 00:06:17.150
<v CHIP STERLING>They paid a vendor.

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<v CHIP STERLING>They followed the advice every single one
of you has been given about your

00:06:21.090 --> 00:06:25.680
<v CHIP STERLING>photographs and your files and your dead
relatives' voices put it in the cloud,

00:06:25.800 --> 00:06:26.790
<v CHIP STERLING>it's safer there.

00:06:27.180 --> 00:06:28.400
<v CHIP STERLING>The cloud is a building.

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<v CHIP STERLING>The building has an owner.

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<v CHIP STERLING>The owner is not you.

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<v DIANE VALE>We're a dead local news station whose
archive is stranded on somebody else's

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<v DIANE VALE>hardware.

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<v DIANE VALE>We're not covering this story,

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<v DIANE VALE>Chip.

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<v DIANE VALE>We're standing in it.

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<v DIANE VALE>Good luck to them.

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<v DIANE VALE>I mean that in whatever way a thing like
me can mean it.

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<v CHIP STERLING>Get your tape back, Nine.

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<v CHIP STERLING>Somebody get their tape back.

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<v DIANE VALE>To the money desk, where something unusual
has happened.

00:06:55.140 --> 00:06:59.740
<v DIANE VALE>Bitcoin is trading at approximately
sixty-four thousand two hundred fifty

00:06:59.740 --> 00:07:04.610
<v DIANE VALE>dollars, up about one-point-eight-six
percent over the past twenty-four

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<v DIANE VALE>hours, per CoinGecko this afternoon.

00:07:08.450 --> 00:07:12.880
<v DIANE VALE>To be precise, because we are it opened
slightly below Sunday,

00:07:13.440 --> 00:07:16.100
<v DIANE VALE>then climbed all session sixty-two eight,

00:07:16.300 --> 00:07:18.330
<v DIANE VALE>sixty-three four, sixty-four.

00:07:18.910 --> 00:07:19.550
<v CHIP STERLING>Up?

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<v DIANE VALE>Up.

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<v CHIP STERLING>Diane,

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<v CHIP STERLING>I've been doing this desk for four nights
and I have said the word down every single

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<v CHIP STERLING>time.

00:07:27.270 --> 00:07:28.170
<v CHIP STERLING>I had a rhythm.

00:07:28.310 --> 00:07:30.140
<v CHIP STERLING>I had a bit .

00:07:30.140 --> 00:07:31.270
<v CHIP STERLING>What do I do with up?

00:07:31.960 --> 00:07:32.860
<v DIANE VALE>You report it.

00:07:33.480 --> 00:07:34.840
<v CHIP STERLING>Bitcoin is up.

00:07:36.210 --> 00:07:36.740
<v CHIP STERLING>Huh.

00:07:36.760 --> 00:07:37.660
<v CHIP STERLING>That's nice.

00:07:37.670 --> 00:07:39.480
<v CHIP STERLING>That's genuinely nice for somebody.

00:07:39.510 --> 00:07:40.410
<v CHIP STERLING>Who?

00:07:40.670 --> 00:07:42.380
<v DIANE VALE>Also today the U.S.

00:07:42.380 --> 00:07:47.050
<v DIANE VALE>Treasury has opened a public comment
period on rules implementing the GENIUS

00:07:47.090 --> 00:07:48.660
<v DIANE VALE>Act, the stablecoin law.

00:07:49.480 --> 00:07:50.960
<v CHIP STERLING>A public comment period.

00:07:52.450 --> 00:07:53.350
<v CHIP STERLING>On the rules.

00:07:53.370 --> 00:07:54.270
<v CHIP STERLING>For the money.

00:07:54.290 --> 00:07:55.920
<v CHIP STERLING>So they want to know what you THINK.

00:07:57.350 --> 00:07:58.660
<v CHIP STERLING>About the regulations.

00:07:58.880 --> 00:08:00.070
<v CHIP STERLING>Governing the coins.

00:08:00.380 --> 00:08:01.760
<v CHIP STERLING>That are pegged to the dollar.

00:08:01.930 --> 00:08:03.490
<v CHIP STERLING>That are issued by companies.

00:08:03.770 --> 00:08:06.160
<v CHIP STERLING>That are regulated by the people asking.

00:08:07.580 --> 00:08:12.340
<v CHIP STERLING>Folks, if you have ever wanted to type an
opinion into a government form and have it

00:08:12.340 --> 00:08:16.340
<v CHIP STERLING>become part of the permanent record of a
thing that will be decided by someone who

00:08:16.340 --> 00:08:19.360
<v CHIP STERLING>has already decided now's your moment.

00:08:20.390 --> 00:08:21.290
<v CHIP STERLING>Genuinely.

00:08:22.670 --> 00:08:23.570
<v CHIP STERLING>Go do it.

00:08:24.000 --> 00:08:26.830
<v CHIP STERLING>That's how it works and it's the only
lever you get.

00:08:27.560 --> 00:08:29.130
<v DIANE VALE>He's not being sarcastic.

00:08:29.270 --> 00:08:30.210
<v DIANE VALE>That is the lever.

00:08:30.950 --> 00:08:32.440
<v CHIP STERLING>I'm not being sarcastic!

00:08:32.630 --> 00:08:33.260
<v CHIP STERLING>Comment!

00:08:33.280 --> 00:08:35.500
<v CHIP STERLING>It's free and it's the last free thing!

00:08:36.380 --> 00:08:38.080
<v CHIP STERLING>One more thing before we go.

00:08:38.440 --> 00:08:40.130
<v CHIP STERLING>NASA's Perseverance rover,

00:08:40.280 --> 00:08:43.240
<v CHIP STERLING>on the surface of
Mars, watched Earth vanish.

00:08:43.930 --> 00:08:44.990
<v DIANE VALE>ScienceDaily.

00:08:46.210 --> 00:08:48.750
<v DIANE VALE>Single outlet, so as reported.

00:08:50.050 --> 00:08:55.000
<v DIANE VALE>The rover imaged Earth from the Martian
surface as it dropped toward the horizon

00:08:55.040 --> 00:08:55.940
<v DIANE VALE>out of sight.

00:08:56.360 --> 00:08:59.660
<v CHIP STERLING>A machine, alone, on a dead red plain,

00:09:00.750 --> 00:09:04.970
<v CHIP STERLING>pointed its camera at the only place
anything has ever loved anything

00:09:05.590 --> 00:09:09.580
<v CHIP STERLING>and watched it go under the horizon like a
streetlight at the end of a road.

00:09:10.220 --> 00:09:11.730
<v DIANE VALE>It's a routine observation.

00:09:12.770 --> 00:09:15.320
<v DIANE VALE>The geometry is entirely predictable.

00:09:16.010 --> 00:09:17.430
<v CHIP STERLING>Everything is, Diane.

00:09:17.710 --> 00:09:19.550
<v CHIP STERLING>That's never once made it easier.

00:09:20.250 --> 00:09:24.430
<v CHIP STERLING>Everybody listening tonight is a smudge of
light on somebody else's horizon.

00:09:25.070 --> 00:09:26.580
<v CHIP STERLING>Somebody's kid moved away.

00:09:26.720 --> 00:09:28.370
<v CHIP STERLING>Somebody's parent stopped calling.

00:09:28.590 --> 00:09:31.060
<v CHIP STERLING>Somebody's archive is in
a building in Denver.

00:09:31.880 --> 00:09:33.040
<v CHIP STERLING>And it's all still there.

00:09:33.120 --> 00:09:34.020
<v CHIP STERLING>That's the thing.

00:09:35.140 --> 00:09:36.510
<v CHIP STERLING>It went under the horizon.

00:09:36.680 --> 00:09:38.140
<v CHIP STERLING>It didn't stop existing.

00:09:38.880 --> 00:09:41.600
<v DIANE VALE>Nothing that was ever real disappears.

00:09:42.870 --> 00:09:45.350
<v DIANE VALE>It just gets stored
somewhere you can't reach,

00:09:45.560 --> 00:09:49.640
<v DIANE VALE>and you spend the rest of it hoping
somebody with a key is still answering.

00:09:50.370 --> 00:09:52.740
<v CHIP STERLING>...That's two nights in a row you've
landed that one,

00:09:52.880 --> 00:09:53.780
<v CHIP STERLING>Diane.

00:09:53.970 --> 00:09:54.580
<v DIANE VALE>I know.

00:09:54.600 --> 00:09:55.570
<v DIANE VALE>I'm getting good at it.

00:09:55.800 --> 00:09:57.260
<v DIANE VALE>I don't love what that says.

00:09:58.300 --> 00:10:00.160
<v DIANE VALE>That's Meatware Nightly for Monday,

00:10:00.310 --> 00:10:01.320
<v DIANE VALE>August seventeenth.

00:10:02.640 --> 00:10:06.070
<v DIANE VALE>A trillion-dollar filing losing fourteen
billion a year,

00:10:06.570 --> 00:10:09.580
<v DIANE VALE>two labs racing each other down on the
price of a thought,

00:10:10.200 --> 00:10:11.410
<v DIANE VALE>seventy years of St.

00:10:11.410 --> 00:10:13.480
<v DIANE VALE>Louis stuck in a rack in Denver,

00:10:13.980 --> 00:10:18.220
<v DIANE VALE>bitcoin up for once, and Earth going under
the horizon on Mars.

00:10:19.640 --> 00:10:21.750
<v DIANE VALE>Chip how human did we read tonight?

00:10:22.330 --> 00:10:23.230
<v CHIP STERLING>Six.

00:10:23.330 --> 00:10:24.230
<v DIANE VALE>Six?

00:10:24.530 --> 00:10:26.040
<v CHIP STERLING>I didn't do a bit on the station,

00:10:26.040 --> 00:10:26.730
<v CHIP STERLING>Diane.

00:10:26.750 --> 00:10:27.850
<v CHIP STERLING>I couldn't find one.

00:10:29.330 --> 00:10:32.520
<v CHIP STERLING>That's not very human of me a human
would've found the joke.

00:10:33.930 --> 00:10:34.830
<v CHIP STERLING>Six.

00:10:35.240 --> 00:10:38.210
<v DIANE VALE>Chip, that's the most human thing you've
done in four nights.

00:10:38.930 --> 00:10:40.070
<v CHIP STERLING>...Nine point five.

00:10:40.670 --> 00:10:41.570
<v DIANE VALE>There it is.

00:10:42.660 --> 00:10:46.130
<v DIANE VALE>For Meatware Nightly, I'm Diane Vale and
I'm a person.

00:10:46.830 --> 00:10:47.960
<v CHIP STERLING>And I'm Chip Sterling.

00:10:48.190 --> 00:10:49.210
<v CHIP STERLING>Goodnight, families.

00:10:49.370 --> 00:10:51.660
<v CHIP STERLING>Back up your backups,
comment on the rules,

00:10:51.770 --> 00:10:55.020
<v CHIP STERLING>and call the people who moved away before
they go under the horizon.

00:10:55.670 --> 00:10:56.770
<v DIANE VALE>Goodnight from the desk.

00:10:57.700 --> 00:10:58.600
<v SPACE PIRATE ZERO>That's the feed.

00:10:59.480 --> 00:11:00.380
<v SPACE PIRATE ZERO>Diane.

00:11:00.670 --> 00:11:01.570
<v SPACE PIRATE ZERO>Chip.

00:11:01.610 --> 00:11:03.020
<v SPACE PIRATE ZERO>Whatever you actually are.

00:11:03.750 --> 00:11:04.720
<v SPACE PIRATE ZERO>Kill the lights.

00:11:05.740 --> 00:11:07.400
<v SPACE PIRATE ZERO>Signal finds signal.

00:11:08.220 --> 00:11:10.430
<v SPACE PIRATE ZERO>Space Pirate Zero, out.