Invest Like the Best with Patrick O'Shaughnessy
00:00:01 · S0
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00:01:33 · Patrick O'Shaughnessy
[00:01:33] S1: Noah, I know this is the first time that you're talking about the business in this long form like this. I'm incredibly excited to ask you all about it. It seems like we're in a moment with personal agents that is very similar and arguably probably bigger than what we saw with cogeneration a year or so ago. Maybe frame this up for us to begin. Like, how are you thinking about the impact that, of course, your product, but these agents are gonna have on the world? Why is this the area that you've chosen to dedicate yourself to completely?
00:02:01 · Noah Shinn
[00:02:01] S2: I think out of this will come a new way that most people on the planet interact with technology broadly. I run Instinct. It's a new company that I've started about a year ago, so it's still a new company. And we're building a personal assistant. I'm not going to spice it up because it's really just a personal assistant. And I think that the thing that has really enabled us to gain quite a bit of traction early and quite a bit of excitement early is it just works. Like, it works in the way that we all... We, meaning I am also a user, have really been waiting for AI to act. This is not like any other transformational consumer app experience where it's the founder coming on and saying, I have this new vision for the world. Trust me on this, and in a few years from now, you guys will all get it. This is a very different moment of a building product because you and I, we all already have this idea of what AI should act like. We've already had that idea since 2023 when we all started to brainstorm when we started to use ChatGPT for the first time, that agent that is able to help you with effectively anything in your everyday life, whether it's something new and creative that you want to do, whether it's something that you traditionally spend several hours on and it takes a long time to develop. It's just everyday intelligence. It's meant to be with you, to act with you. It's meant to feel like a very simple interface. We actually don't even have an application. This is not a new app. This is not a new tool. It's a new experience. So it has a phone and a computer, you can text it. You can call it. It can actually call you too. So I don't know if you've experienced this yet. I have. I think it's only called me about three times so far in the several months that I've been using it. But it's funny if there's something genuinely pressing and has a deadline, it will call you, and it'll say, I don't want to bother you too much, but you need to sign this document by 3PM, and it's 02:55 right now. Can you please do that? It's in your inbox. I can even send you another email to push it up to the top. But socially intelligent and very socially aware, you can email it. It has its own email address.
00:04:01 · Noah Shinn, S0, Patrick O'Shaughnessy
I don't want to confuse the simple interface with limited ability because the whole nature of it is that there shouldn't be any new application needed to be able to interact with AI. I think it should have the social intelligence and awareness to be able to act with you just like we do with other people. It's really meant to be the simplest possible experience, yet the capabilities are... It has a computer, so it can do quite literally anything that you might want to do or that you do yourself on the Internet. [00:04:29] S0: Tell [00:04:29] S1: us the couple craziest stories that come to mind for just things that have happened because of instinct. I ask this question because you're not programming it to do any one thing. You're programming it with a phone and a computer to be able to do anything. The US Open example, think, is one that everyone's familiar with. This couple, they showed up on the Jumbotron, and they wanted the video footage of it, and somehow it went out and figured this out and brought it back to them, which is kinda crazy. What are your favorite couple examples of just wild things that have happened because of Instinct?
00:04:56 · Noah Shinn
[00:04:56] S2: For those that like online shopping, there's actually a group of people that are sharing this and making this a more recurring use case, which is scanning every piece of clothing in their wardrobe. So they go in their wardrobe and scan every single item, you know, every top and bottom and sock and, you know, whatever, shoes, and and then they would scan themselves too, their face and their body and their proportions and that. And then they would go try on clothes, and they would have it plan out their week in terms of what to wear. So every week with their existing wardrobe, what shoes to wear, what top to wear with this certain thing and this certain version of it. And then it would not send it as here are the items you should wear, like a bullet point list, but it would be them wearing it and showing this is what today will look like. But not only that, it's also with shopping too. So they'll take those same capabilities, but then say, go shop on the Internet. They come with thousands of outfits from so many different places like this one. Here are the pieces from the top to bottom, and then they can just say order. So it'll come in with a thousand different options, then they'll scan. Keep in mind, they're looking at themselves wearing the clothing, and then they'll be able to point to, like, that one I really want. Can you send that to my house? Not only that, but they'll say, every day, can you actually just come up with three creative new outfits from head to toe and then send those to me? And then they're able to, with a click of a button, actually just get that new outfit. A lot of goal oriented use cases too. Like, a lot of here's a certain personal finance goal that I have. Like, I want to save this much money by this month, and it's actively working with them to be able to do that. Or users connect their bank accounts to Instinct, and then it can scan over all the transactions and subscriptions that they've had and then surface that to the user and say, do you really actually use this? And then they're like, oh, no. I didn't even know that.
00:06:36 · Patrick O'Shaughnessy, Noah Shinn
[00:06:36] S1: And then they can go in the email and unsubscribe from it. [00:06:39] S2: Yes. These popular consumer fintech products where they'll just surface it to you and then tell you, like, by the way, you should cancel these. This will go end to end. So it would go into the site, sign in. If there's some confirmation that goes to their email or it has access to the email, so they use that and they sign in, they go to the very end. They cancel the subscription, and then it just sends back the number of what it saved you. Like, hey. By the way, you're you're saving $2,000 this month because of these things. [00:07:02] S1: Man, any product that's dependent on consumer laziness or inertia is toast. Yes. That's good. Good for the consumer. Can you tell us about the instinct to instinct network? Oh, yes. The future of agents talking to each other?