Short answer: Jordan Metzner says Kalshi raised $100 million after a viral AI commercial, and OpenAI scrubbed its io acquisition content because Jason Rugolo sued over the names io and iyO.
Watch this answer from Episode 1 (starts at 35:35) · Episode 1 notes and transcript
From Episode 1: How We Built an AI Video Studio in 3 Days, starting at 35:35.
Jordan Metzner [35:35]: Cool. Alright. Alright. Should we jump in the news?
Sam Nadler [35:38]: Let's go into the news. Let's do a couple stories. I mean
Jordan Metzner [35:41]: Okay. Cool.
Sam Nadler [35:42]: If I recall correctly, these are random stories you've chosen, which I may or may not have heard yet. Fresh off the press.
Jordan Metzner [35:52]: Fresh off the press. I mean, some of these are just like just came in right now, actually. I mean, this one's probably the most relevant. Kalshi, just raised a $100,000,000. I don't know if you knew about that. Kalshi is a online marketplace for betting, and they're actually the ones that first produced a really cool AI commercial that went viral just about a week ago. So, news just came out about that. I don't know if you've used Kalshi or you've made any of those kind of bets, but curious what your thoughts are there.
Sam Nadler [36:23]: I haven't. I think I came across, a prediction for the New York primary race that just happened, and I do believe their most recent kind of video that got a lot of attention was a little bit of our inspiration to, kind of, dive deeper into our own video generation tool.
Jordan Metzner [36:47]: Yeah. Totally right. So, there's a few other players besides Kalshi in this, kinda gambling market of betting on events and activities. I know Robinhood is trying to scale up in that market as well, and there's a few other players. So, yeah, that'll be super interesting. I wanna jump into, the next kinda top story, of the day. I think it was, I don't know if you've heard about this, but, it's basically the reason why, OpenAI had to take down some of the posts about the Jony Ive acquisition was because of this lawsuit regarding the words IO and iyO and this guy Jason Rugolo. So just to give a quick background here, but OpenAI recently acquired Jony Ive's company called IO. And a few days ago, most of the content around the IO acquisition was scrubbed from the website, and now we learned that the reason for that was that, they're getting sued by a guy named Jason Rugolo. I hope I said that right.
Jordan Metzner [37:48]: But what yesterday I thought was most interesting, Sam Altman posted a bunch of emails of Jason Rugolo saying like, hey, can I work for you? So I think, I just wanted to bring it up as kind of like just showing kind of like, how everything's an attack vector, like they did this big acquisition and I can't even close it without, getting some lawsuits in the way.
Sam Nadler [38:08]: Yeah. There's always two stocks, two sides to every story, you know.
