00:29:53 · JC Lozano, Ryan Deng
[00:29:53] S1: Yeah. So that like... Sell directly to consumers. Yeah. We sell to all the industries that build stuff for consumers. Yeah. [00:30:00] S0: Like, how do you see those costs not being passed on and lowering them so that, like, people are able to Yeah. You know, do some crazy stuff with that. Right? Because imagine we had more data centers. Right? What could we do with those? [00:30:09] S1: Right? Lots more tokens. [00:30:11] S0: Lots more tokens. We we need to focus on tokens per second, though. Okay? And don't we need more tokens. We need faster tokens per second. [00:30:17] S1: Is that what it is? Okay. [00:30:18] S0: I'll just do it.... Podco sessions are not good anymore. Okay. Not good anymore. I I want fast, cheap inference. Okay. Yeah. Yes. Got it. Understood.
00:30:18 · Ryan Deng, JC Lozano
[00:30:18] S0: I'll just do it.... Podco sessions are not good anymore. Okay. Not good anymore. I I want fast, cheap inference. Okay. Yeah. Yes. Got it. Understood. [00:30:28] S1: So the way we make it cheaper Mhmm. Fundamentally is... Well, there's there's two things. So one way to think about it is like making it cheaper. Mhmm. Another way to think about it is just like whether or not you're gonna be able to meet the demand at all. Mhmm. And so before you have... Before you can make stuff cheaper, you have to make it to start. Exactly. And so the problem we have in The US and the problem we have in the Western world is like, just don't have enough of the people who are trained in these skills to do this effectively. Like, that's the core problem. The market's gonna keep growing. Like, demand will keep rising. And so what we're struggling with is actually, like, we don't have enough miners. Don't have enough haul truck operators. Like, don't have enough people who know how to run chemical refineries or to build this, like, large It's [00:31:05] S0: labor constraint, actually,
00:31:05 · Ryan Deng, JC Lozano
[00:31:05] S0: labor constraint, actually, [00:31:07] S1: more than that. That is the start. Exactly. A labor constraint. And so like the only mines that are able to operate profitably right now are these like massive massive mines who get amazing economies of scale and then that allows them to like pay their labor force like very very well. Mhmm. Relatively speaking. And so the point is is that like the first part you have to clear is, like, can we even get these metals? Mhmm. So that's the first thing. And then that is where, like, all the autonomy comes into play. It's just, like, enabling us to go after these different types of metals. And then once you're, like, actually able to do the projects, then you can think about optimizing them, pushing them to the left of the cost curve, and basically like making them cheaper. Mhmm. But the first thing is just like a feasibility thing, like can we go and build these things? Do we have enough people to do it? Mhmm. So that's kind of like the the first part of clear.
00:31:07 · JC Lozano, Ryan Deng
[00:31:07] S1: more than that. That is the start. Exactly. A labor constraint. And so like the only mines that are able to operate profitably right now are these like massive massive mines who get amazing economies of scale and then that allows them to like pay their labor force like very very well. Mhmm. Relatively speaking. And so the point is is that like the first part you have to clear is, like, can we even get these metals? Mhmm. So that's the first thing. And then that is where, like, all the autonomy comes into play. It's just, like, enabling us to go after these different types of metals. And then once you're, like, actually able to do the projects, then you can think about optimizing them, pushing them to the left of the cost curve, and basically like making them cheaper. Mhmm. But the first thing is just like a feasibility thing, like can we go and build these things? Do we have enough people to do it? Mhmm. So that's kind of like the the first part of clear. [00:31:48] S0: Mhmm. So I'm sure like with building this company and keeping that in mind, you have some sort of vision of the future. Right? Because obviously Sure. You're towards something that, you know, we can anticipate, you know, will change the world in terms of how you're supplying everything to everybody. What do you envision the world is like in ten years? Right? And I just I want this. I I wanna I wanna know. Yeah. I wanna I wanna tap into that brain. Right? Because you're on the frontier of of of the supply chain and and how you're supplying these materials. [00:32:17] S1: Yeah.
00:32:17 · JC Lozano, Ryan Deng
[00:32:17] S1: Yeah. [00:32:17] S0: You're seeing firsthand what people are building for these consumers. What is on the horizon for us? Is Terminator three coming? [00:32:24] S1: I I don't think so. Okay. No. I don't like... I I don't know, fundamentally. What I what I do believe and what we believe as a company is that like the best way to move forward is like make the pie bigger for everybody. Right. Right? Like that is the most important thing we can do with the time we have. I think it's just like trying to figure out how to make this pie bigger and bigger for everybody here and everybody across the world. And so like that's how we see the company mission flowing into that is like if you have more metals brought to market, things become cheaper, things become... Like, more people can get access to the same amount of goods, the same amount of quality of life, like all these different pieces. And so, like, if you are enabling that, you're enabling the pie to get bigger for everybody. And I think, you know, at least for me, I'm like a very much an optimist. And so like for me, the future is like, okay, how do we like make the pie big enough for everybody that we're all able to like participate in this future of abundance, this future of like metals abundance fundamentally. And I think if you have that, it unlocks a bunch of like things like energy abundance, it unlocks a bunch of things like sort of like technological abundance, but like that is the future we're trying to build towards. I don't know exactly what it looks like. It's a great question.
00:33:28 · Ryan Deng, JC Lozano
[00:33:28] S0: Maybe space travel like once we're able to, you know, feasibly go on to to the moon and and to Mars, potentially operating mines on on, you know, those projects as Yeah. I mean, have you thought of that? Consider that for the future of the company? Because Oh, yeah. I feel like it's not too far out, you know? [00:33:43] S1: Yeah. Space mining is awesome. Yeah. It's definitely on the radar. You know, we're we're starting with threshold resources, and then we're looking at kind of, like, resources onto the ocean. And then fundamentally, I think space mining is a super interesting thing. The cost of space travel keeps going down or of getting stuff into space is keep... Keeps decreasing, which is super important. Space travel is still really expensive, but like getting stuff into orbit is cheaper. [00:34:06] S0: Is the concentration of metals on those, you know, different planets higher than than Earth or... [00:34:11] S1: So it's mostly asteroids are actually the place that have a lot of metals, it turns So the moon has... [00:34:17] S0: The moon [00:34:17] S1: actually, like, has a similar composition to the Earth Mhmm. Because we think that it was part of the Earth at one point. Yeah. But then the other planets, it kind of varies. Like asteroids are like a super promising place that, you know, a bunch of folks are looking at. But the fact is that like we actually have plenty of metals on Earth. [00:34:34] S0: So there's still like an abundance?