What the D.O.G.E?
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Hello and welcome to slate money your guide to the business and finance news of the week. I'm Emily peck of axiom and i'm here with Elizabeth spires of the new york times. Hello, beth and and infor felix salmon is the wonderful anish mansky of rehana.

hello. So today on the show we bring you much. Well, we are talking about dose. That is the acronym for the trumpet administration's new department of government efficiency.

We will talk about that and we will talk about dodge the crib, do currency as well because we're also gonna get into the come back of crypto o that's apparently underway. What's driving bit point all time highs and finally, we're onna talk about A I clues. You can use them now for dating.

You can use them now to apply to jobs. And we discuss, is this a good thing or a bad thing? Also, we may reenact some dialogue from A I clone virtual dating tax. So you wanted to get around for that. It's all coming up on slight money.

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our 点 com this week， president elect Donald trump, which I still need to get used to, saying, announced that elon musk, billionaire best bird to trump and regular rich person, the VC, a swami who also was at some point running for president, will lead what they're calling a department of government efficiency or dose for short. And we'll talk about sort of the doge crypto currency aspect of this in the next segment.

But first, let's just take this proposal. The department of government efficiency, which isn't actually going to be a department in the conventional sense, like an agency of the federal government. Let's just discuss IT, take IT on its own terms.

The idea here is these two guys will lead a department and the slash and burn the federal government. They're aiming to cut two trillion dollars, I guess, from the federal budget and get IT done in time for july forth twenty twenty six. And I just want to make clear just how gorgeous the federal government in fiscal year twenty twenty three, the federal government spent six point two trillion dollars.

That's nearly a quarter of GDP. IT was a lot more money than the revenue coming in the federal government employees, about four million people. Nearly quarter goes to social security, another quarter to medicare, medical.

Fifteen percent of defense, another ten percent is interest on the debt. So other words, a lot of the money in the budget is being spent on things that americans really like, social security checks and health insurance. This is a tough task.

Elizabeth, do you think that two questions? I mean, is there something that needs to be done? Do we need to cut the slack in the federal budget? Is there a lot of government waste, inefficiency? And do you think that this department will succeed in its mission? Like, let's let's just like take IT a little bit seriously. Like, is this a good idea? A B, are these the right people to Carry out the task?

okay. So there are presidents for doing something like this during the clinton years. There is a thing called the national partnership for reinventing government.

And IT didn't work like this. I had talked to lane k. Marcuse now at working, and SHE had worked on IT. And he has told me that the thing about IT was they sort of made little in criminal changes, and they did, and up saving some money and cutting out some waste.

But IT was a partnership that was mostly run by people who had worked in the government and therefore understand how IT Operates. And you know why you need certain things? And Jerry cushier tried to replicate this during the first trump administration with something called the office of american innovation that mysteriously disappeared.

The humans in IT seemed to be a bandit project for getting together a bunch of billionaire in the same room. So this sounds more like the latter, except because it's not technically a government department. Congress would have to approved that.

It's more like a sort of vanity advisory commission. And when you listen to what they actually wanted do, it's simple. The jarred thing, in the sense of that, they seem to be been on this kind of analytic cost cutting without really understanding what they're cutting.

So and somewhere blended on the number twenty seven percent. And that sounds like one of those. I haven't really thought about IT numbers, but if I make they don't make IT around the number.

IT sounds more authentic. And Robin swami said he wants to fire seventy five percent of the federal works off, which is crazy, also an arbitrarily number. So IT seems like they mostly wanted do this because IT allows them to wear both hats.

They're not how they cannot all the way that they would be if they were in a real government agency. But you they go abroad and they want to meet with some prime minister of a country. They'll be treated as if they're part of the american government. So for the bits, probably hugely beneficial, but I think it's just very silly terms of expecting that they'll be able to do anything.

But anna, there's a thing of mean an eliza a talked about know in the clinton administration, IT was government insiders who knew where the fat was, presumably cutting the fat. And now with these two guys, they are outsiders. And there is this like notion, I think, in business to where like you bring in the outside as you bring in the consultants and they'll see clear IDE where the inefficiencies are. Is that what we're going to see?

It's interesting because that is something that has been done in business for a while. And what often ends up happening is that the consultants get paid a lot of money and the business does not actually end up in a Better position. So I think that is the concern here not to say that we're going to be paying these two a lot, but that they may benefit more from IT than the united states does.

I think that's a fairly safe assumption. I I think it's reasonable to say that every administration should be looking for ways to make government more efficient. I mean, I think one of the issues you have with the government is when you don't have the market as a moderating force, you can inefficiencies can grow because something might not be working.

But if there isn't a reason that you have to get ready with within, just keep thrown money, he added. It's reasonable. I don't think you need to believe that the government, you know needs to be drawn in the bathtub in order to believe that there are ways to find efficiencies.

The question is just when you start talking about these slightly ridiculous numbers and when you're dealing with people who just aren't serious people, because I think IT is reasonable to say that, you know, if you went through even if you're talking about entitlement spending, entitlement spending isn't just the money that you literally you can touch IT has to go out. But i'm sure there's administration related to social security and that, you know, maybe you could trim back some of that. I I imagine, again, almost every department, you could probably trim little bit here and potentially make IT a leaner and more efficient government, but a limit what you were saying before, like IT, needs to be done in a more orderly fashion.

I think the idea that you're gonna slash and burn is going to end well. Just where is the president for that? Like in general, I like to say, please show me an example of where that happened and it's work well, if you can't that i'm going to be slightly suspicious.

Well, part of this is you know there's a moving on the rate for smaller government, but smaller government just for the sake of being smaller you know yeah ah and there's not a lot of analysis goes into IT know I should agree with and I think the analogy is is kind of this is like mckinsey, but run by two Edwards you trump said IT was the manhattan project of this error. And that raises a question to me.

bomb what exactly .

trump thinks the manhattan project with you like.

that's what they build manhattan, right?

Make manhattan great again.

exactly. He means like we're bombing the federal government and face reading of this.

referring to one of the most expensive government projects in history.

Yeah, it's like inflation adjusted, like forty billion dollars or something. That was how much a cost. And I employed .

like one hundred and fifty thousand people too.

If you think the government is useless, then you wouldn't bring up the manhattan project as an example. That's A A good point that ana raises about cost cutting.

Eliza u at a great piece from the first trumpet administration about the failed jared questioner effort at this you said analysis cost cutting design to project the objects of efficiency and IT does seem like it's such a business jack welch vibe of like we will fire people and that is how we will grow. And it's like, no, you grow by adding. You don't grow by subtracting you. You don't thrive by cutting. Usually.

text for this was that I worked for dear. I was the editor, chief of the new york observer when he was still a sensibly democrat. And whenever I came in, observer IT never had a profitable order.

So one of my objectors words to, you know, help get IT to profitability and grow the publication. So we did. We had the first profitable quarter in its history.

And jazz reaction that was, well, the margins would be Better if we fair bunch of people because he didn't seem to understand that you know the amount of stuff for producing was what we saw lads against and what we saw descriptions against. And then we would have less inventory, you less revenue. He could only imagine this one strategy. And that sounds a lot like what are you on in the beck wants to do but also what in the more amusing details to me is that ilan is on social media saying that he wants to only staff quote and quote, hi I Q people who are willing to work eighty hours a week for free and IT seems like by definition won't to work eighty arts a week for free. You were definitely not a high I Q person now.

not the high I Q move about .

one of the things you said, there are just kind of pressure with me because I do think this idea of there are only being one solution to every problem. And I think what you're seeing, both in business and with this effort, is a strategy that may have made sense. Forty years ago, there was a period of time, especially talking about the seventy's world.

The government was massively bloated ed, and they did really need to reduce the size or find ways to find efficiencies in the same way that there is a period of time where you had this enormous congeries that worked totally wasteful and you Frankly could make a deal amount of money, but just going in cutting the nonsense, selling IT to someone else for a lot more. The problem is that only works when that fat exists. If it's not and you're cutting into muscle, then you're not going to get the same result. And IT seems like people both in politics and often in business just haven't quite learned that.

I think the easiest business go to learn is honestly cost cutting. So there are people who can only do that. So much more difficult aspects of management restructuring, they just don't know how to do.

And so IT particularly strikes me, you know, you ended this with twitter. He just came in before, even knew really what people are doing at the company. Laid off a bunch of people and then realized that he needed some of them trying to heard him back.

And so IT just seems like this is going to be a radio. But also during the first trump administration, they did reduce the size of government, but not strategically. They failed to stuffed the first time around because they had a completely unprepared transition team.

And there is a book that I kept recommending, the whole throughout the administration, that was, Michael Lewis is the fifth risk, and i'll never forget Lewis for the blind side. But this risk is a great book, and it's entirely about the way government actually works. And I think Lewis went into right a bug that he thought it's going to be about government waste and inefficiency.

And then he ended up spending a lot of time with these agency people as the trump team was trying to staff these places. And he saw how much chaos that was causing. And he also sort of learned what these agencies do, and ended up, you know, I think, unintentionally, writing a pretty good defensive, the way a lot of this stuff works. And I take its even be more relevant now, because I think this administrations can be a lot more chaotic .

yeah and you have to wonder the other thing that the incoming trumpet administration is doing by saying, you know, we're onna cut all this money out of the budget, we're gona find all these people is trying to get the quote, quote, deep stayed in line. What's more terrifying as an employee, you hear a new bosses coming in and want to do a lot of firing. And you know, the new boss, you know, prizes, loyalty prizes, X, Y, Z.

And you want to keep your job like you're gna. You can put your head down and get to work nine times out of ten. I know there's people inside the government and I I read the fifth rist to that are really devoted to what they do and won't respond like that. But like part of what's going on surely is, you know get ready for the new guy because he he wants you to be loyal and yeah also .

the way trip defines the deep say is basically the deep state is anybody who criticize and anyone continue with civil service employee, which, you know, we need those people. We can turn over the entire government every four years. And I think the people just don't think about that.

And this whole discussion and this whole new quai department is just another example of not actually dealing with the real problem. The real problem is that entitlements and the interest are, you know, unsustainable and that you actually, whether it's the democrat. So republicans are some combination of the two.

At some point you are going to have to deal with this, but that's hard. That's gona involve doing things that upset a lot of people, upset a lot of people who vote, by which I mean older people. So no one wants to do that.

So they are going to do these performative measures. Again, there's no way that I don't think mathematically. I mean, technically, i'm sure mathematically you could get to to trillium, but I don't entirely see how that happens. But regardless, it's not serious. It's not dealing with the actual problem. My guess is if I had to bet romas wami is going to be out in six weeks, I would say I don't know the over another, you know, elan, maybe two months, like how long do you really think that all of these three egos are going to be able to interact with each other for longer than a few weeks, I think is unlikely.

So ah are we Better this and heads of let us or scare mood .

but scare moves seems appropriate. Metric I think yeah I don't think trumpton .

elan in particular gonna last very ARM because both of them m need to be in the spotlight constantly. And I get very angry when he gets eclipsed by anybody. I don't know.

I'm gonna take the over. I don't know how to gambling word. I'm going to take the gambling word and say that elan's gonna. For a while I hear people saying, you know, that egos can't do that up, but I think they both made bets on each other and they're not going to walk away so soon.

Apple card is the perfect card for your holiday shopping. You'll earn up to three percent daily cash back on every purchase apply now in the wallet APP on iphone subject to credit approval, apple card issued by golden sx bank USA salt city branch terms at apple card doc. Elizabeth, I wanted to talk to you about something really important about money.

So one of the big chAllenges people face about money is how much to spend, how much to save. You want financial security. You also want to, like, live your life. How do you bounce yourself? And it's kind of IT OK.

So this is just my personal feeling. I think IT helps to not actually have to think about money or to not have to dwell in IT as much as people really do. And you know there there are some ways to do that, that are not just completely ignoring every financial need do you have, but the beast thing is just trying to allocate and baLance your budget in a way that you can automate as many things as possible.

And you don't necessarily have to keep going back and looking at in your baLances in order to figure out you know you have and what you don't have. Uh, it's just people are tempted do that. They think there's a little bit of if I watched the pot, IT will boil faster in terms of managing money. But we all know, at least academically, that's not the case. So in my case, also another thing is just to put savings into places that don't require active management, uh, and that's what most of what probably should do anyway but keeps you from constantly checking her for one k or checking your accounts .

yeah I I think I basically agree with you like said I and forget IT mean what we do in our homes, we have a budget. And so what's nice about that is like you know how much money you have to spend on various things and it's sort of gives you the like piece of mine to go head and like spend money on fun stuff, going on to eat, travel, whatever. You know.

Like I set aside this much money and that's that how much a cost and i'm going to pay that and like have fun. And then on the other side, when something like bad happens and you know hookers know that something bad is always happening, uh, you're like OK. Well, we have a fund for exactly this reason like OK.

We're going na pay the plummer x amount of dollars and it's fine because we set aside the money for IT you know when taxes and comes and it's like go we know this much money OK fine. We saved IT up because we like allotted in the budget. So like it's not exactly like your plan, which I feel like is more chill, but it's chilled.

Jason. I bought for chilled Jason. Financial planning.

anna, what's going on with cyp? t. Oran a.

So this week we saw bitcoin eclipse ninety thousand dollars. And IT is up, I believe, as much as thirty percent since just the day of the election. And I believe this year alone, it's you know, more than doubled.

So we've just seen incredible appreciation that doesn't seem to be, on the one hand, connected to anything, but on the other hand, makes a tremendous mina sense if you think that what really is driving this is politics and government regulations in the sense that what happened with a trump presidency was people thinking like, okay, there's now going to be much less regulation on bitt coin. You might have more products like know there's a bitcoin etf, you might have the advancement of more products like that. And that is, I think, quite clearly what is driving this beyond simply sentiment and momentum.

Even before trump was elected, bitcoin Prices were up and critter was doing well. We rote about IT a bit in axiom markets, and we three reasons launch of the bitcoin etf conferred some legitimacy, I think on bitcoin at least. And there was a halo on some other corpo currencies um brought in institutional investors.

Um there's like seventy billion dollars in these things now then there's also these three packs, fair shake that put a lot of money into the election and and fair shake was back by big crypto companies and they picked winners and losers in the election and they picked pretty well, I think charred Brown partly um the democratic s senator from ohio who lost his bid for reelection. Part of that was a this script of money uh and then the third, of course of course, is trump, who you know really changes tune during the campaign about cyp to he spoke a cyp conference. He said he wanted to us be the critter planet and he wants to create a bitcoin strategic reserve and they want to it's not even that they want to do deregulation.

They wants to actually do some kind of regulation, pass some laws to make IT to confirm more legitimacy. I think I crippled out. And then, you know, he wins, and that just sends everything to the moon.

This is what's funny to me about this is that one of the you know part of thesis behind bitcoin is that it's a way to essentially get around the government, you know people who are concerned about yeah currency. But IT is entirely being driven by government policies, which yeah see to someone undermine that that this is elisabeth.

Does any of the surprise you did the cyp money come up and like you're work in in consulting at all a little bit but .

mostly IT came up with all of these silicon valley guys bandit together made a big deal about endorsement trump. So that can jay and mark pincus been horrible. D, so although heat reversed himself a little bit and gave a bunch of money to her, and i'm not sure I think some of them are money went into the packs you mentioned.

So a mark and reason has been since the election every day, kind of growing that he's mattei re now. And I think now we saw that there because a lot of the people that I work with there is some overlap in the tech donor base. But i'm not sure for people who are doing, you know every day on the ground downtown, let Graces.

we've seen IT. Anna, do you think this less so?

This is interesting question because on the one hand, if you look at what's happened with cyp du and the really big move has been since the pandemic, to be perfectly honest. I mean, I might be off in this number, but I think IT took ten years for a ticket to twenty thousand, and I got to forty thousand and like a month. And then you know, I know when interest rates started going up and went down, but again, look at a chart.

Really what we're seeing is this push from the panada. And I think this has to do with partly the stimulus payments and all that. But he also has to do with the ease of trading and has to momentum and has to do with a lot of these things. If you look at a chart, and you look at gold, and you look at bitcoin, IT is very clear that there is, you know, no correlation whatsoever like this. Any idea that this is any type of story value, that this is any type of digital gold makes absolutely .

no sense to not not a fear and certainly in doubt of thing .

fully now and then. So you say, okay, well, it's obviously going to be used as a currency in the sense that if I am holding bitcoin because I think it's a rapidly appreciate and value, i'm not going to buy a pizza with IT. That doesn't make any sense. I guess for me, if you start working through all of these things and I I just have a hard time landing on an answer of what can justify this rise beyond the simple thing that you think you will be able to sell IT in the future to someone else for more.

Isn't that kind of the fundamental policy conflict that IT Operates? Sort of like a security?

The issue though, the difference between bitcoin and I mean, lots of things are security, but say compared to something like you know an equity or or board is that there are cash flows behind that. There's a company behind that, you know and even if you're talking about traditional commodities, there is a physical market for that commodity. There's a financial market for that commodity, bitcoin.

At this point, I still have a very hard time understanding what the real thesis is. And when people who are really egypto try to explain that to me, they tend to use a lot of words that I don't understand, which makes me very suspicious that they also have no clear what they are talking about. But having said all of that, bubbles can less for a really long time.

And I think this is an interesting thing because especially if interest rates continue to come down and all risk assets continue to do relatively well, you could see bitcoin continuing to do reasonably well. Even if there's absolutely nothing whatsoever to underlie that. The question becomes, what is the thing that pushes people to sell? And if that did happen, that, of course, you could see rapid selling because again, there's fundamentally nothing underneath that.

But when does that happen? IT could happen next week. That could happen ten years from now. And if IT happens ten years from now, then you also have that question of the difference between being wrong and being very early. There is no difference.

So I guess that's where i've been like many people confused about crypto and the rise of cyp du since the pandemic. But it's tough when something just keeps going to point out what is the thing that's going to happen that is going to pop this bubble. I think what .

we've seen since the pandemic and we've talked about IT alone in the podcast over the past few years, is just the rise of memes, meme stocks yeah meme coins I mean, we can about doge doge coin to the Price has gone up a lot since trump announced a dose department. There is nothing fundamental about that. There is nothing cash flow related about that.

It's just as matt living pointed out this week, it's just like dog cohen got more attention. So more people started buying IT and trading IT because attention brings Price increases and IT may not be rational, but IT is rational for traders to trade on bitcoin, ency, pto if the Price keeps going up. And if the guy that just got elected, our first mean president, is a booster and a backer.

I mean, it's at some point, it's like this is just how things are gonna go for a while. I think if the f tx. Scandal didn't break bitcoin, I don't it's hard to imagine what what would oh, so I think bitcoin .

Operates a little bit differently from the rest of the crypto market, and I don't think that they could become totally decoupled. But you know, bitcoin is taken lot more seriously than a lot of the other things. And IT seems like its performance is not wholly contingent upon whatever S S. Happening in the rest of kro necessarily.

It's just all of IT seems to hang on belief and people's beliefs about this stuff gets stronger with all the momentum behind IT. Yeah I mean that .

that's the classic of what happens in a bubble. And to be fair, much of finances based on belief. One could argue that money itself is funding tally based on belief, is a reason that the word credit comes from the word to believe.

What always happens with this kind of thing is that bubbles, they sometimes have waves. And then once you get towards the end, you'll even have reasonable people who will often start to glam because so like clearly, there must be something here clearly, you know, and people always think that they'll get out in time. That's the other classic with any type of bubble.

You always assume that you'll know you'll out in time. But to me personally, if there was something that were to actually stop bitcoins rise, I think IT would just be going back to my favorite thing in the world is interest rates. If interest rates land, the terminal rate ends up being a lot higher than IT wasn't the past by which I made a lot higher basically where IT is now IT doesn't go down significantly. The kind of ends up and arranged like three to four percent. That is a very different world in terms of how less money is going to get thrown towards stupid things in a world where money has a cost.

But the Price of bitcoin is going up now in a high rate environment, right?

no. But it's going up in an enviro where people assume rates are coming down. The thing with interest strates is, is much more important what people think about what's onna happen up with them.

I supposed to what's literally happening with them. So because people think we are going to be in an enviro words, so that's where that makes sense. Now of course, in recent weeks, we have seen a move in treasury's that isn't being replicated a bitcoin.

But I would ark that is very much because of the election. I would imagine that over time, if IT becomes clear that we are truly in a new era, money is really actually going to be Priced again. I could see over time seeing bitcoin kind of slowly fall, and then one day just collapse.

You heard IT here, folks. Anna is barish on crap to the only all .

your angry emails to me about how I am just a silly woman who does not understand the genius ecco pto.

Don't people gamble and trade on things that have caught, quote, no value all the time? Like what is sports bedding? You're not. There's no value there, but there is value there because people are willing to spend money making trades, right?

In theory, that's the difference between betting and investing. I realized people argue that they're actually isn't. But no, exactly if you are are saying I am studying the fundamentals of this company.

I think that this security is going to be worth more in the future because of how I think these kash lers are going to grow. Then that is an investment. Of course, there's a level of chance there in the same sense that there is with betting.

The betting is just it's for fun. Essentially, it's not because you are you know, this is not an investment decision. And I would probably argue that much of the crypt to world does seem to be more in line with the betting world than traditional investment.

yeah. And a lot of the market is I mean, you ready conceded this, but is bedding I mean, derivation trading that's bedding. You're not you're only holding a stock for a little while. You're not like I really believe in this company. You're like, I think the Price is going up or down.

Speculation and investment.

And it's tRicky here too because like what IT comes to, it's yeah what IT comes to derivatives to, you kind need somebody speculating in order to have somebody to be able to hedge. Like the system only works if you have both sides of that. So having some speculators actually is not a bad thing.

And drivers are, you know, get actually there a very logical reasons why people use travails? Ves, also in theory, you could also make the argument that you are still making investment decision even if you are holding something for short period of time because IT is based on if it's based on analysis, if it's based on what's happening in market, it's it's not simply a wild guess. But fundamentally, I would agree with you that I think many short investment strategies have quite a bit in common with games.

okay? Our email is sleep money at slate 点 com， so you can send all your crypt of s to us and we will make sure and.

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Yield towards is not guaranteed, not an investment recommendation, all investing involves risk, is that public 点 com slash disclosure slash bond dash account for more info。 Let's talk about A I closed so eliza's spattered his great piece in the new york times where a reporter, a yg tech reporter, decided to use these dating apps that let you effectively create a clone of yourself that then goes out and interacts with either a real life human or another, A I clone, to sort of screen ahead of deciding whether or not you will go on a date. And I thought to show the listeners just how this goes. What would be most efficient would be for eliza and I to just reenact a conversation that took place between the reporter. I don't have his named.

It's the reporter's clone. And yes, is presumably an actual human.

Yes, the reporter's name is ill, so it's eli's clone. And the human is Rachel. And I will for this, take the part of U.

S. clan. So you clone says to rahel, if you could only at one snack for the rest of your life, what would you be?

And Rachel says, much realistic CS crunch cheese bliss.

What is IT about muster? Realistic CS that makes your heart skip a beat?

L, L L gives pizza bs, but with much more cheese.

what you are going to expensive. She's and bread all the way. There's something about the richness that makes my heart sing. What's your fave pizza tapping? B T W peper oni.

And what do you mean? Expensive cheese?

pepperoni? perfection.

This is like if a disney twin movie was trying to reconnect data scene and IT all had to be totally rated gy. But the reporter compares this still like talking to across from service chatbot.

Yes.

it's so unsurprising that at the end of the column, e lather reporter is like this did not lead me down the path of romance. I did not find love by setting my clone out into the world. To find romance is my .

one was super crink. It's so prince.

Also, much of realistic s is the one snack I just even Rachel is letting me down. The human.

the strange choice.

There's also, there's a great blend. The reporter where he used another clone, and that is said that he's describing the clone. And IT had favorite coffee shops. And hobby is different from the ones that they trained IT on. IT loved the models and expressed a deep interest in the beetles, always looking to introduce its dates to a little known nail bum called abby odes.

Fun fact, I I live very close to add room.

Do you guys think that dating bots, AI clones or the business of the future, what's going on? Anna.

I mean, to be fair, dating is such a mess. general. I'm like, is this really that much worse? I don't know, but I have a hard time believing that this is going to to take off. But who knows?

I I IT does seem right now, like we're in a moment very similar to the nineties, where you have this A I it's it's important new technology, but people don't really know exactly how it's gonna used in the future in the same sense. Or when the internet was first developed, people really didn't know. Or when the internet was popular, people didn't really know how was going to develop. And so I guess as we are going to get an increasing number of these extremely silly things that at some point will all be washed away, and then A I will actually change the world with real companies.

I thought about this because at the beginning, at the dawn of the internet, the thing everyone made fun of was had stock com. We are where you could order pefr online. And everyone after that company failed for like a decade, if people like and the dot com bubble and pets 点 com。 And it's so dumb, well, now here we are in twenty twenty four.

And tue, which delivers pet fu online, is a thriving business that a lot of the pedanius, I know you. So it's possible the twenty years from now, everyone will be meeting everyone, their romantic partners and their life partners through A I cloes. Who knows, right?

And I think now part of the problem is we were in the middle and AI hypes cycle. So so some of this is just, I have an ai camera, everything's a nail. But we have also talked a little bit in the prep about as being used for a recruitment.

People are having, you know, ChatGPT write their resumes, es and stuff, and you know they would automate sending the melt and they would have clones essentially, you know, acting as, I guess, recruiters for people looking for jobs. And what strikes me is that these companies are trying to use AI to you do things that are kind of labor intensive for people and that are really just filtering processes. Yes, so which is kind of what dating is away and you know a plane for jobs and things like that.

But they're not the clones are not because they are mostly large language bottles. They don't have any specific in a real intelligence. And so you get the same responses that you would get if you engaged with any kind of AI bit. You get this slightly weird and canny valley conversations because we don't have artificial general intelligence yet know the boats can't really respond like Normal humans.

It's actually interesting because the reason you have to filter employers to filter job applications and job hunters have to resort to A I to help them write job applications, is because technology has flooded the zone with job applications. Its technology is made IT easier for more people to apply to jobs and made IT easier for companies to screen, you know, hundreds of of application. So now there's like kind of like a backlash of technology being used to deal with the problem that technology .

cause yeah and to be fair, when people are dating or when people are trying to find a job, one of the things they so is IT feels like a part time job that there is actually a lot of weird network involved in both of these things. And I think it's reasonable to say that some of this maybe could be done by A I in the future of that, especially when you're talking about applying for jobs. I was actually thinking about this.

You right now, the system is really not great for figuring out, you know, if someone has transferable skills where they're working in one industry but actually maybe working on the other industry, could a lot of sense that right now we really have no way to connect those things, say, and you never know, maybe as you know, these type of technologies, which are very good at filtering and pattern recognition, could be used for something like that in the future. Or you know, creating the cover letter, which I might think we should just get rid of covered letters. But or even creating a resume itself like this is a process that does seem like you could simply be done by AI. There's no real skill involved there. Now when you start to get into the actual interview or say, an actual date, then yeah that seems like a human an should probably be.

I definitely agree, anyone I was talking about, especially the job application process, just like, of course, you should use A I to help you write a resume or cover letter. I mean, you shouldn't just blindly have A I write your resume cover letter and send IT off. You should, you know then breed IT over and edit IT.

But IT sometimes feels like that A A mentally very big hurdle to just sedan and write the cover letter or write the job application. So seems great to have have that help. And there's some data in this piece in the financial times that sort of inspired our segment that fifty seven percent of Jenny are using A I to write job applications, but only twenty one percent of jena's and thirteen percent of boomer.

So I think yeah I think it's like a natural use case because also different from dating. Who cares if you're not sincere in your job application? Like no I mean, like to say whatever you need to say.

no one is actually sincere.

right? Not yourself. Don't be yourself of so if you guys were dating right now, don't think either. If you are, but would you go the A I bad root?

Yeah, I don't think so.

Yeah, definitely not. But I will say I sometimes think about IT like the randado veness involved in online dating. I just like my boyfriend who, like, I almost didn't swipe on him. I just was like, not sure maybe you know, four years later now what .

we're still together. And so IT.

doesn't you think that humans.

we're not very good at this stuff away? yeah. Why not have a little help from technology? Maybe abbey road is the key to successful thing. And IT took an A, I boat to discover IT for us.

I'm waiting for the A, I boat to start talking about burning man, though then we know.

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My number is one hundred and forty one thousand eight hundred and thirty nine that's dollars, one hundred and forty one thousand and eight hundred and thirty nine dollars that was spent by three insurance companies in california to pay out claims from these guys who said a bear had entered their rose's voice car, and also other men set up Mercedes cars, that a bear had entered the car when he was parked in the sand, burn dino mountains and did a lot of damage to the inside of the car. They even provided video footage of the bear in the car, but the authorities figured out this was a sm. Turns out the bear was just a person in a bare costume.

You can watch the video online, and a kind of, at some point, the bear kind of turns from the front seat to the back side. And the way IT turns, you can kind of see the fabric of the costume. But they didn't just use amateur eyes on the video.

They actually brought in a biologist to review the bear videos, but in the end also concluded that the bears and cement nino are typically black bears. The costume was Browned for so IT all kind of went pauls up. But I guess that's very analogue.

I thought that you were going to say IT was A I IT was an A I generated there.

That's next level. But I guess they needed the person in the bare custom to do that. I guess the damage was already there. I don't know, man, this was a can they pulled tumor cities and a rose, rose, I mean, if you can .

afford things yeah, who sort of the scheme? Also, I just imagine the biologist sort of peering at the video and saying, bears don't have that posture.

A bar movement would be more. Yes.

they like the bear, is checking his phone clear.

barely starting this.

Okay, my number is thirteen and that's person. And there's a study that says women have thirteen percent less free time and men and this who is taken from a times article about how there's a fitness gender gap, thirty three percent of women meet the weekly recommendation for robic exercise and forty three percent of men du. And the explanation is that women devote more time and labor to caring for home and others, and they tend to construct their schedules around obligations to other people. And men are more likely to construct their schedules around the things that they want to do for leisure time and personal priorities.

I mean, that's what you need to do. You got to prioritize what you want to do. I think, I mean, I know it's hard. It's really hard for women who have to care for children and sometimes other family members to do that. But if you want to prioritize fitness, you have to literally do that.

It's funny because because I run, I read a lot of books of people who've done, you know, people are really great and ultras and all these different things. And it's so funny because with the guys, it's always, they just never mention that is so clear that their wife is doing everything that is a very common beam in that particularly general.

I have someone around here who is, uh, marathon runner and they solved this by just like getting up at like four thirty in the morning when it's still dark and the kids are sleeping to get the run in and it's just that's rough.

tough I will say I do for marathon ding. Actually, even though I do not have kids, I always do a super early in the morning just because it's a huge well, partly exelon. I don't like the sun, but it's a huge chunk of time and I just find IT, especially once you get really like your eight twenty five runs, I just like doing those early so I can do.

we need to talk, is anna vampire, what is this? You don't like the sun.

I I have very sensitive eyes. I don't like too much. So, okay.

I I agree to do the turkey in two weeks. And this conversation is just making me exhaust.

My number is seven thousand nine hundred and forty three, and that is a percent. So on the theme of government inefficiency, apparently boeing marked up laboratory soap dispensers by seven thousand nine hundred and forty three percent in terms of what IT charged the U. S.

Air force. Now, to be fair, the actual amount of money that this resulted IT was not huge. But IT was just a pretty amazing example of a government inefficiency, be boeing being fairly awful. And also just wondering that the people have the time to calculate that as well. But interesting story.

Boeing gonna wing.

they were A I powered gold plated, so the boeing was like old.

But you know, the government has also really strict specifications in terms of unlike the soap expenses, I district .

vacation, no typical poison in the soap.

Okay, that's IT for a show today. If you have thoughts or commons so recommendations, thoughts on cover letters or I guess crypto, send them to slate money at a late 点 com。 If you're a plus number, the fun does not need to end.

You can find a special extra segment in your feed right now where we're going to talk about a subject near dear to my heart, new ork city brokers fees or running apartments because they might be over. Thanks to shine a oh and Jasmine moli for producing. I'm Emily peck. And on behalf of anaho ski analytic inspects, thank you for listening, and i'll see you back here next week on state.

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