Invest Like the Best with Patrick O'Shaughnessy
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?
00:07:15 · Noah Shinn
[00:07:15] S2: There are more practical scenarios where that is something new that I think will transform the way that certain people act in certain ways. I think it's only been around a week or so or, I guess, ten days. Honestly, the purpose of this is not to think about a new feature to build, but more about very busy working professionals. They're taking meetings all day long, and they're constantly meeting with new people and existing people. The process of getting a meeting on the calendar was just so laborious. You text and say, hey. You wanna meet at this time? And then they say, no. That doesn't work. Like, but these times work. And you say, oh, but I'm traveling, so maybe this time works, and I'll be in this time zone, though. And there's just so much back and forth there. However, if it was possible for the two users who were using Instinct, also brainstorming these times that they're available with Instinct anyways on two ends, are able to just communicate directly. Like, the goal is just to find the time. Right? We don't need to play this back and forth game, and nobody's really playing games here. We're just trying to find time. That's been a very canonical use case, actually. I think the way that you can find time on a calendar now is just so different, where you just say your intention. I want to meet with this person ideally by the end of the week during these periods of time. Find me time. It will then coordinate with the other person's instinct to be able to find, like, when time is available or not, and then eventually put something on the calendar. I think the key unlock here, we called it a trusted person network. The key is that you should only be connected with your trusted people. And there are some interesting social dynamics that are coming out into play that I've been learning about where it's designed such that you only bring in people who are trusted people, who are not going to maliciously try to find out what your calendar is or what's in your email. But, also, we provide all the controls to be able to give different levels of access to different people. So a lot of spouses actually coordinate their instincts because they can generally just share everything. Yeah. So that might just be, this is my spouse. Share anything with them. Right? Maybe with certain colleagues. Right? It's, hey. My work calendar is available.
00:09:05 · Noah Shinn
Certain parts of my inbox, if they're asking for documentation or something like that, are available. But everything else, let's just keep that off limits, and it'll be able to create that. When you think about this, there's almost these network effects that are built through these nodes in a network with these different edges with different weights too. Right? It's not like a friend graph where you're just saying, like, I'm connected to you, and that's it. It's I'm connected to you. I trust you. I have also configured it in this way such that there's varying levels of access. So it's this interesting network effect being created and different social dynamics that are being also explored and created as well. There are some interesting cases I've learned about where if somebody violates your trust within a network, there's an implication on that relationship itself. So let's say if you and I connected and I said, hey, Patrick. I trust you. Let... Let's connect on the platform so that it's easier maybe the next time to put time on the calendar. And then you use that and you then start digging for certain data in a certain area. First of all, maybe I only gave you calendar access. Right? But you're digging for data in a certain area. And then my instinct texted me like, hey. By the way, Patrick's looking for this type of information. Now there's trust broken between the two of us. All of these little social dynamics that come into play, we've really thought about how to curate this network such that you do get the benefit to schedule time and make plans with others and other things like that, but then also use some of the existing rules in society to be able to enforce both rules in terms of social cultural norms and also technical limitations in terms of what is visible and not visible.
00:10:31 · Patrick O'Shaughnessy
[00:10:31] S1: We're really gonna see an entirely new order, aren't we? It's gonna be fascinating. The number of things I can think of with my wife or something, this would make life so much easier in so many different ways so quickly. Little things like you were trying to find this house earlier. Like, if I could just say to my instinct, hey. There's no one nearby. Like, where is he? And you give me a one day permission or something like this. There's just so many ways to imagine it being useful. It's pretty wild.