00:00 Speaker A

Core Weave. So this is the latest deal extends, uh, the deal through December of 32, 2032 and the last agreement was for 14 billion in September. This is fresh 21 billion dollars. So the partnership deepens here.

00:15 Speaker B

Yeah, I mean, this is proof that Meta really needs to get as much capacity as they can and they’re doing this as fast as they can. Obviously with this big deal, now, an addition to their existing deal. They’re now doing this $21 billion deal. Uh, they also by the way, uh have announced previously deals with uh Nvidia, with AMD. That was uh what was it last year, I think or or towards the when when uh at some point. I can’t recall now off the top of my head. Uh, but they also said that they’re working on their own chips. So they had previously announced that they’re working on four AI chips. One is the MTIA 400, which they said at the time, will be uh uh uh price to uh performance ratio, uh, in like a a higher end.

01:14 Speaker B

So they’re saying that as far as war performance goes, it will be able to go up against, you know, Blackwell chips. They didn’t say that exactly, but, you know, there’s only certain commercially available chips around right now. That’s their own internal option. So it’s really all about that scale that they’re trying to build out to try to push their AI even further.

01:38 Speaker A

And uh speaking of Meta here, they just launched their muse Spark AI model as part of the AI turnaround. What are the details there?

01:46 Speaker B

Yeah, so this is basically like a, I would say, uh their kind of entry into into the space, uh starting fresh essentially when it comes to AI. This is going to roll out across uh Facebook, uh the meta AI, eventually its hardware as well. Uh but right now it’s in the meta AI app. And basically what they’re they’re positioning this as as not a world beating app. It’s it’s a uh they’re just as I said, they’re they’re a kind of reset, but it does go up against some of the the Open AI models, some of the anthropic models, uh and beats them in some cases.

02:26 Speaker A

And Maybe consumer cases because that’s what they’re going after. Yeah.

02:28 Speaker B

Yeah, yeah, that’s what they’re going after for sure. And they talk about shopping in particular and how uh you’ll be able to use sub agents. So if you ask, all right, help me plan a trip to Orlando or to Florida. What’s better, Orlando or Miami for a family? And then it’ll run through all the different things.

02:44 Speaker A

And take a picture of a grocery shelf and you say, okay, what has the most protein here?

02:49 Speaker B

Exactly, exactly. And since everybody’s on a protein kick now, that’s, yeah, I guess. Dunkin Donuts protein shakes, whatever. Um, and so that’s really where they’re going. And it’s interesting just to see this turnaround starting to pay off after, I mean, look, they’re supposed to launch their llama 4 behemoth, I think last April. got delayed, delayed, delayed, delayed. And now they have this this kind of momentum going their way. So and obviously you saw the the market reaction to that was very positive.

03:22 Speaker A

Yes, it was.