Wiz passes on Google, Meta pushes open-source AI ahead, Spotify’s earnings, and more! | E1984

This Week in Startups is brought to you by… 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 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 ⁠https://www.vanta.com/twist⁠ Eight Sleep. Good sleep is the ultimate game changer. The newest generation of the pod, the Pod 4 ultra has arrived. Head to https://www.eightsleep.com/twist and use code TWIST to get $350 off the Pod 4 Ultra. * Todays show: Alex Wilhelm joins Jason to discuss the end of the Wiz-Google deal (5:37), Spotify's performance (13:36), Universal Basic Income (UBI) (27:49), Meta's AI strategy (53:05), and more! * Timestamps: (0:00) Jason and Alex kick off the show (5:37) The end of the Wiz-Google deal (12:24) AssemblyAI - Get 100 free hours to start building at https://www.assemblyai.com/twist (13:36) Spotify's successful quarter (21:41) Daniel Ek's strategy and Spotify's future risks (26:57) Vanta - Get $1000 off your SOC 2 at ⁠https://www.vanta.com/twist⁠ (27:49) Universal basic income (UBI) (38:05) Eight Sleep - Head to https://www.eightsleep.com/twist and use code TWIST to get $350 off the Pod 4 Ultra. (39:34) Findings and implications from a recent UBI study backed by Sam Altman (48:22) The efficiency and impact of welfare programs (53:05) Meta's AI developments (59:58) Mark Zuckerberg's thoughts on Apple and open source AI (1:06:50) Predictions for Meta's competitive moves * Subscribe to the TWiST500 newsletter: https://ticker.thisweekinstartups.com/ Check out the TWIST500: https://twist500.com * Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp * Mentioned on the show: https://techcrunch.com/2024/07/22/wiz-walks-away-from-googles-23b-acquisition-offer-read-the-ceos-note-to-employees https://news.crunchbase.com/cybersecurity/cybersecurity-funding-venture-wiz-ai-cyera/#:~:text=In%20the%20second%20quarter%2C%20cyber,to%20startups%20in%20173%20deals https://ai.meta.com/blog/meta-llama-3-1 https://x.com/rowancheung/status/1815763595197616155?t=1204 https://x.com/eldsjal/status/1815691024473166268?s=12 https://www.axios.com/2024/07/23/spotify-profit-q2-2024-earnings https://x.com/smilleralert/status/1815372032621879628/photo/1 https://www.openresearchlab.org/findings/entrepreneurship https://finance.yahoo.com/quote/SPOT https://www.bloomberg.com/news/articles/2024-07-22/ubi-study-backed-by-openai-s-sam-altman-bolsters-support-for-basic-income * 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: (12:24) AssemblyAI - Get 100 free hours to start building at https://www.assemblyai.com/twist (26:57) Vanta - Get $1000 off your SOC 2 at https://www.vanta.com/twist (38:05) Eight Sleep - Head to https://www.eightsleep.com/twist and use code TWIST to get $350 off the Pod 4 Ultra. * Great TWIST interviews: Will Guidara, Eoghan McCabe, Steve Huffman, Brian Chesky, Bob Moesta, 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