Title: $2B for No Product, Robots Under $3K & Australia's Massive Miss

Hosts: Scott Wilcox (W & Elycium) & Matt Perrott (BuildPass)

This week, Scotty & Matt explore the seismic shifts in AI talent acquisition, humanoid robots reaching consumer price points, and Australia's untapped potential to become a tech superpower.

Episode Highlights

The Great AI Talent Migration

• Thinking Machines raises unprecedented $2B seed round at $10B valuation with no product, just talent
• OpenAI leadership exodus creating billion-dollar startups overnight
• The new reality: buying teams vs traditional hiring in AI

• Limitless pendant deep dive: AI coach vs note-taker reality check
• Future convergence of analog watches and AI technology
• De-optimization movement challenging data-driven lifestyle tracking
• 
  

• Hugging Face humanoid robots priced under $3K (cheaper than MacBooks)
• Open-source revolution democratizing robotics development
• Tesla robo-taxi milestone: 20+ rides with zero interventions

• Energy policy crisis: shipping coal while paying 10% more for domestic power
• Darwin/Geelong innovation hub vision as "Australian Shenzhen"
• Cultural barriers: tall poppy syndrome vs American business optimism

Key Segments

Headlines & Hot Takes (00:00)

• Limitless pendant early impressions
• Noosa beach remote work setup
• Thinking Machines $2B mystery round breakdown

• 11 Labs conversational AI vs ChatGPT voice mode
• Y Combinator AI startup school insights
• Elon's 12-month AGI prediction analysis

iPhone home screen optimization for AI-powered productivity

Robot Rundown (52:20)

• Sub-$3K humanoid robots changing the game
• SoftBank's $1T Arizona AI manufacturing hub
• Autonomous vehicle update: Tesla vs Waymo strategies

• Energy crisis impact on tech competitiveness
• Innovation hub strategy discussion
• Cultural transformation needed for tech leadership

Companies & Resources Mentioned

AI Startups:

• Thinking Machines (Mira Murati)
• Cluely AI (A16Z-backed)
• Limitless (AI pendant)
• Eleven Labs

• OpenAI, Y Combinator
• Hugging Face, Tesla, Waymo
• SoftBank Vision Fund, TSMC
• A16Z (Andreessen Horowitz)

• Mira Murati, Sam Altman, Elon Musk
• Masa Son (SoftBank)

Why This Episode Matters

The AI talent wars are reshaping venture capital, with teams commanding billion-dollar valuations before building products. Meanwhile, open-source robotics and autonomous vehicles are hitting critical adoption thresholds. Australia sits at a crossroads - blessed with resources but held back by policy and culture.

Perfect for: Founders, VCs, tech operators, and anyone tracking the intersection of AI, robotics, and geopolitics.

Built 2 Scale delivers weekly deep dives into the tech trends reshaping business. Subscribe for founder-focused insights on startups, AI agents, robotics, and the future of work.

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