Indeed's New Buffet on Your Budget

[00:00:00] Hi, it's your kids. Lock the doors! You're listening to HR's most dangerous podcast. Chad Soosh and Joel Cheezeman are here to punch the recruiting industry right where hers. Complete with breaking news,

[00:00:30] chocolate bunny ears first. What's up kids? You're listening to The Chad and Cheese Podcast. I'm your co-host Joel Francis Scott,

[00:00:37] Keith Cheezeman. This Chad, is that a toxic culture? Soosh. And on this week's episode, indeed hates veterans. The AI talent wars heat up in Florida just keeps Florida dying. Let's do this.

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[00:01:47] Welcome home welcome home. So Chad, we're both married. Yeah. And we know that there tends to be some lines you can't cross where it was my wife will say look if you do X, we're going to we're divorcing right and this is usually cheating.

[00:02:05] I think cooking method the basement kicking puppies, you know stuff like that. So so my wife gave me a new one this week. Okay.

[00:02:14] It was if you buy shares of truth social, I will divorce you. So this is this is Donald Trump's lifeline, I think to his economic troubles. I did I do like the ticker symbol, which is DJT for Donald J.

[00:02:34] Anybody think I was going to be anything different. I thought that was an interesting ticker symbol to choose. Yeah, needless to say, although the stock did pretty well along with Reddit this week, although Reddit's coming back to Earth and I'm sure DJT will as well.

[00:02:50] It's a great money laundering scheme is what it is. I mean, I shared I was he they say they has to wait six months to be able to cash out in unless the board who are all his people say that he can go ahead cash out. So yeah, yeah, it's great ultimatum way to go Christine.

[00:03:07] And he thoughts on the Reddit IPO, I was really hopeful that it would sort of break the dam on IPOs which initially I thought it would and a lot of the pundits were saying so but it's coming back to Earth.

[00:03:20] Why would it break the why would it break the dam?

[00:03:22] I mean, it basically doubled this week and now it's coming back to Earth. But if any IPO that comes out that isn't Birkenstock and it's like tech and it does well, I like stripe is waiting to go public.

[00:03:35] I mean, there it's a message. Totally. So all of these people that I hear talking about like, you know, this is going to be it. This is going to happen. It's going to go to the moon. It's like, what?

[00:03:46] We're the fuck we're talking about AI. We're talking about some of the most fluid systems of today, velocity of tech moving so fast, not this. This is not it.

[00:03:57] This has nothing to do with all of the really cool conversations we've been having. So I don't understand why all these quote unquote pundits and again, I mean, I'm not giving out financial advice, but there's no way in fucking hell. I'm going to put my money into a 1979 Gremlin. It doesn't make any sense.

[00:04:13] And by the way, their users hate advertising and don't pay a subscription fee for anything. It doesn't make any sense. I agree. So although selling the data could be pretty profitable. All these LLMs that need content and stuff to use for learning happens. Guess what? All the people are going to to eject and there's not going to be any data to be had. So I mean, it's just again, you're it's a fucking message board dude with sub message boards. I mean, come on. This is this 1990s shit. We did.

[00:04:41] I'm not pitching red it to you. I am not like pitching it. I just don't get it. I don't understand. I just don't say there's a lot of money. Yeah, look the IPO market's been dry for a long time. So put it in a little broken stock was the last, the last exciting one people want to spend money. They want an exciting.

[00:04:58] Yeah, we'll get into that. Okay, so somebody who's not excited right now there's some rumors over at smart recruiters. Remember a few weeks ago when smart recruiters acquisition was fumbled. We called it botched but it was fumbled. My sources say that CEO Michael D. Simone is out and chief product officer Rebecca Carr is now the interim CEO for context. Michael was announced as CEO about a year ago April 18th, 2023.

[00:05:28] So I'm going to serve my is that the fumbled the botched whatever you want to call it acquisition might have been the last straw. So good luck to Michael. Sorry man shit like that happens wherever he lands, hopefully does well in good luck to Rebecca Carr because she's taking over a shit show right now getting into the head seat. I mean, it's it's very turbulent times at smart recruiters.

[00:05:51] One system that we used to see is kind of like new age applicant tracking system with all this new tech that's coming out and then the paradoxes and the shit, the the fountains and the herries and whatnot.

[00:06:03] I mean, they're really recreating what talent acquisition and talent management what not. And now she's got to take over this geloppy this grandma. I mean, good luck Rebecca. Good luck.

[00:06:14] Take over and take off. Take off. We were doing a movie don't wreck our show you.

[00:06:19] I'm a lady in but okay how many man my memory sucks on this, but in the last 24 months, the number of ATS is that have either lost replaced a CEO is like five ish I think like big names that we know. So it's a tough business.

[00:06:39] There's no idea what's in sight for these companies. I mean, I see them smart recruiters greenhouse we've talked about hypos like there seems to be no end of the road that's that's positive for these ATSs and you can see it on the management teams but great scoop.

[00:06:56] Great scoop. Yeah, smart recruiters man. There you go. I got nothing. I got nothing. Let's let's see if I can conjure up a shout out for the for the folks. All right Chad.

[00:07:06] We've talked about veritone sponsor of the show by the way full disclosure on that one. Their stock has been meddling to say the least for the last year so well they finally are out of the seller rat style their stock has hit a hundred eighty percent increase in the last month thanks to a positive earnings report demand for its developer developer tools. They have a nifty API that apparently is hitting with lot of developers.

[00:07:35] And of course anything with AI on it is going to be doing pretty well in the stock market but look they bought Pandal logic broad bean. They just got into the job network and and job a co so let's keep our eye on veritone again we're not recommending stocks one way or the other but this thing right now is doing very well this year so I know that the team over there has been struggling trying to get things back on track so at least this month the last year.

[00:08:04] So I'm just going to say that this is the best way to do it. I'm just going to say that this month it looks like things are looking good for veritone so happy happy for those as if they need any better news living in Southern California riding a boat on the water and doesn't eat anything.

[00:08:19] Eating shrimp cocktail and a cop salad for lunch on Sundays does not hurt shout out to companies who rectify bad hiring decisions what do I mean?

[00:08:30] Well, you might have heard that after being ousted from the Republican National Committee chair, Ronald McDaniels was then hired by NBC news as a political analyst. Imagine that and then an employee on air rebellion ensued which then met that NBC news rescinded the job offer to McDaniels NBC universal news group president Caesar Conday said the following quote I want to personally apologize to

[00:09:00] our team members who felt we let them down and quote leadership isn't always about taking the rays when you do the right things. It's also about taking action when you fuck stuff up and Caesar fucked some stuff up here and his people knew and they let him know.

[00:09:16] So dumb you are really dumb. This is a hot story that I haven't followed at all. My my more left leaning friends were in a tizzy about this one and they're happy about the the Exodus of her.

[00:09:31] I don't know what she said. Did she have a show? Did she like crossfire somebody in a debate? Like what was it just her past that they said she doesn't deserve to be here.

[00:09:43] She literally was just pushed out of the RNC just pushed out of the RNC and not to mention she's also I think a witness for a lot of the shit that's happening even especially in Michigan.

[00:09:56] Yeah, so it was pretty much a bridge too far for any journalist to say that they wanted her on the team right. So whether it's right left doesn't matter.

[00:10:06] It's just it's when you try to overthrow a government and you're leading the charge on that's probably a bridge too far.

[00:10:12] Well from one one bad hire to maybe a good hire that they could look at on if you see this Mike Tyson is having a moment Mike Tyson is having a moment we talked about him going on Netflix the summer to fight.

[00:10:25] As a Jake Jake Paul or Logan one of the brothers there. I think they actually have like a tag team setup where they can they can tag in and out that could be wrong really once a legit fighter yeah the other one I don't I don't

[00:10:40] think Logan is if it's not low for sure it's Jake but anyway Mike Tyson's having a moment he's probably had a decade or centuries so far the hangover was maybe his peak but anyway you know

[00:10:53] that I love a good edible chat and based on your story from Vegas you know I'm just I admire them well Mike Tyson as well so New York legalized cannabis so Tyson bites are coming to market now you might want

[00:11:08] to know what's unique about Tyson bites well if you know anything about Mike Tyson you know he fought a vendor holy filled back of the 90s and

[00:11:17] bit part of his ear off so yes Tyson bites are in the shape of an ear so you can do headables in the shape of an ear and admire Mike Tyson on the packaging as you as you get loopy on some cannabis Tyson bites

[00:11:36] shout out to Mike Tyson for having a moment we've all forgotten about the rape and the beat Nick beating up a people America is a great place to forgive and make some cash everybody yeah I wonder I wonder if

[00:11:48] a vendor gets any money off of this instead was his ear so I mean that's a depiction of his ears so therefore he should get a cut I mean make sense

[00:11:55] that's a great legal argument Chad makes and he certainly should yeah and a vendor's hurting for money as far as I as far as I know having having 37 kids sometimes you

[00:12:07] want to put you in you know what though if he signs up for free stuff and they all sign up for free stuff they can get free t-shirts right who's coming at you from

[00:12:16] Aaron app we have a new t-shirt design kids that will probably release that this week so everybody can can partake and they can check it out but they from my

[00:12:26] understanding Mr. Cheezman they are in production is that correct all right all right now we go for the free shipping so we don't get the rush

[00:12:35] shorter so we'll be a little bit of time people like it's but we'll get the goal is the goal is it's going to be the summer of Chad and

[00:12:43] Cheese t-shirts okay everyone's going to be sporting these at the at the pool at the beach at the local Chipotle

[00:12:51] in the dairy queen yeah yeah yeah the casino on the stratosphere yes yes free shit not only not only t-shirts

[00:12:59] shovels what else can they get going to Chad cheese dot com and click in the free link beer from Aspen Tech labs our friends over at Aspen Tech labs if you need

[00:13:07] job content and you want that all nice and scraped all pretty pretty much everybody goes to Aspen Tech labs they do the hard stuff whiskey from our

[00:13:16] friends act text kernel we just saw her art or at least I saw her art in Amsterdam last week so great see those guys get two bottles

[00:13:25] and last but not least if it's your birthday you might be able to win some rum from

[00:13:32] really could you feel the tension in the air right now I know I can I can feel all the way down in my

[00:13:42] plums I've missed I've missed the roll call of birthdays being on the road so let's let's get to it celebrating another trip around the

[00:13:51] one listeners Timmy Smith Timo Hillhorst Josh Wayne Wright Brian Barnes Hayden Hughes Derek James Bond Melissa Malcolm in

[00:14:01] the middle Megan Sharp Dan Cheezman no relation Oh Eileen Martin Zon there we go that correctly one of our favorite

[00:14:09] Swedes James Holloman Paulo Barraga Thomas O'Hara Simon Evans Robert Omura Todd had for Nate Monard Doug Reese

[00:14:18] you boy Keith Robertson Audrey Knight Jason Warner Jamie Leonard one of our favorite

[00:14:25] Brits Steve Proud Steve Levy Jessica Rush Mike Timkin who's enjoying retirement from what I understand

[00:14:32] so and last but not least Jeremy Cheezman that's right my soon to be seven year old celebrates another

[00:14:41] trip around the Sun. Happy birthday. By the way his birthday coincides with the number of years that this

[00:14:48] stupid ass podcast has been running so every time it's his birthday it reminds me of my mistakes

[00:14:54] that I've made and the pendants that I have to pay every every week with me every single well more than

[00:15:00] more than once a week. It's it's event times kids we have unleashed America happening in Vegas

[00:15:08] on May 7th through the ninth now unleashes always a blast last year we did a VIP event on the

[00:15:14] high roller but apparently that wasn't high enough as this year the Chad and Cheez are jumping off the

[00:15:20] stratosphere in Vegas with Matt the CEO of out higher.

[00:15:25] Now this is coming from look at TV a listen to this sky jump loss Vegas is located

[00:15:31] at the strat on the Las Vegas strip it holds the Guinness world record for highest commercial

[00:15:38] decelerator descent with an official height get ready cheese and eight hundred and twenty nine feet

[00:15:44] we're going to be jumping eight hundred and twenty nine feet now if you would like to join us or

[00:15:50] nominate someone to jump just go to chaches.com and right there on the homepage click on the jump

[00:15:56] with us button that's going to be a lot.

[00:16:01] That's right.

[00:16:04] Also on Google there's only been one death jumping on the stratosphere it was a suicide though they

[00:16:10] weren't they weren't strapped in. It's not the same just just make sure you hold my hand

[00:16:14] and and get me strapped in before I fall to my death all right then we have a VIP event at the

[00:16:21] neon bone yard with plum what's the neon bone yard you might ask well it's where the neon

[00:16:27] signs of Vegas pretty much of yesterday or they they go they don't die oh no it's going to

[00:16:34] be a night event so plums attendees can marvel and and bask in the glow of neon while we drink

[00:16:41] and probably enjoy some addables love the old hard rock sign the good stuff yeah and allegedly

[00:16:48] allegedly my Vegas news source they're doing a hotel that's shaped like a guitar yeah it'll

[00:16:55] be the new hard rock is it true you've heard I've heard that but I've heard it over and

[00:17:00] over I mean they they have they have hotels with swimming pools the shape of

[00:17:05] guitar they've got I mean it's it's kind of like their stick so it wouldn't surprise me

[00:17:10] doesn't make me want to stay there anymore but would you stay there if they played

[00:17:15] K.B.U. in the lobby would I make you reconsider the minus five experience where you go into

[00:17:23] the cold bar and you put on the coats and stuff like that we're going to be doing that with

[00:17:27] Omar and job pixel and that that K.B.U. is almost like great soundtrack for something like

[00:17:34] that you feel like you're in hell sinky you feel like you need to warm up and you need a

[00:17:38] little K.B.U.

[00:17:39] All right all right all right have you been to the ice bar no no I haven't either I don't

[00:17:44] look awesome yeah very very cool thanks Omar cold stuff

[00:17:51] all right not necessarily breaking news Chad but it's breaking news to us kind of

[00:17:58] kind of went quietly but we've been away yeah we have been away so employee

[00:18:04] rewards software company blue board have you heard of them maybe same about an

[00:18:09] X-Bowr familiar at some point yeah they were kind of a thing 10 years ago

[00:18:14] eight years ago anyway they've mysteriously disappeared they've laid

[00:18:19] everybody off and they've they've gone out of business so if you're a blue board

[00:18:23] client I'm sure you're aware of this they hopefully didn't just just walk away

[00:18:27] anyway they had raised nearly $16 million in series a funding founded back in 2014

[00:18:33] so the 10 year runway didn't make it I mean the employee rewards thing we

[00:18:38] talk about a lot and it seemed to like kind of hit its stride in the pandemic

[00:18:42] making employees feel nice and special and apparently didn't work out for

[00:18:47] blue board so I kind of wonder all these employee engagement companies are they

[00:18:51] are they on the same path as blue board black beard and blue board decade old

[00:18:57] company that isn't let's say for instance a vital piece of tech yeah I can see

[00:19:02] that kind of kind of going away or not going out yet let's just say that yeah 10

[00:19:07] years is a pretty long runway to end it for yeah for a platform that's not a

[00:19:12] vital platform it's not a vital point solution I you don't hear companies who

[00:19:16] are just I mean literally looking for RFPs for these types of these types of

[00:19:21] platforms no but if if you're looking for some folks that have some experience

[00:19:25] in this industry go to link to and check out the blue board veterans they might

[00:19:30] be looking looking for work check if they're looking for work they might be on

[00:19:34] indeed which brings us to our real topics of the week the indeed rumor mill

[00:19:41] keeps churn and Chad this time they're rumored to change how employers can

[00:19:46] contact veterans sources say starting April 2nd indeed is shifting to resume

[00:19:52] seats receiving 10 complimentary resume contacts a month for veterans down

[00:19:57] from unlimited outreach messages but wait there's more indeed is rumored

[00:20:02] to be sending letters to add agencies saying organic traffic in the US will no

[00:20:08] longer be a thing don't say we didn't warn you everybody Chad what are your

[00:20:13] thoughts and you might have some additional information as I know that your

[00:20:17] phone was ringing off the hook before the show yes definitely phone was

[00:20:21] blowing up late yesterday and today so on the veteran side of the house I

[00:20:26] mean it's to me that's a so what scenario they were doing it just for pop and

[00:20:31] circumstance and fluff in the first place not to mention you know companies

[00:20:36] have no fucking clue what they're looking at when they're looking at military

[00:20:39] resumes so yeah but to me all of this literally is nothing but a cry for help

[00:20:46] from indeed which is what we've seen CPA died CPSA died then they started

[00:20:52] the the whole tech community thing then they started the the indeed Japan

[00:20:57] there's just so much that they're doing right now they are throwing every

[00:21:01] piece of spaghetti don't forget John tracker the Android app that didn't succeed

[00:21:06] which all over the place right quit this to me especially the the taking

[00:21:11] away of organic is just another bid to soak companies for more money they're

[00:21:16] slowly pulling the plug on organic traffic starting in in the US all of my

[00:21:22] contacts have said get ready for organic traffic to go away entirely which means

[00:21:28] what indeed is once again moving toward a 1990s pay to play job board model

[00:21:34] with the only caveat being CPC right because CPC didn't exist in job boards in

[00:21:39] 1990s so literally they went from a job search engine and they've reverted I

[00:21:44] mean they've literally regressed back into a job board model recruitment at agencies

[00:21:49] have been instructed due to these changes if your clients jobs are receiving

[00:21:54] less traffic from the free organic well you should probably sponsor jobs yeah no

[00:21:59] shit sure luck indeed also pitching this is really just a rebalancing of

[00:22:06] traffic so obviously free has gotten too much and they needed to get more

[00:22:13] payment on clicks they needed to push more people to clicks so from my

[00:22:18] standpoint this isn't really a rebalancing this is an old platform that they

[00:22:22] tried and again rumors that I've heard they've tried to put a ceiling on the

[00:22:27] number of apps candidate applications on free jobs it didn't work they

[00:22:34] couldn't make that work so I guess this old dog just isn't going to hunt what

[00:22:39] do you think about the whole CPC thing it's not surprising not to mention

[00:22:44] I don't think many recruitment at agencies that aren't a part of

[00:22:47] programmatic are going to care because this is just going to drive up their

[00:22:51] revenues to 60% of the time it works every time my take on this is we've seen

[00:22:57] this story before part one was called career builder when private equity

[00:23:03] moves in to any significant degree which it did with indeed this is what

[00:23:08] happens they take they sharpen the pencils they they swear we where we

[00:23:13] wasting money where can we make more money where can we cut costs trim fat

[00:23:18] etc that's kind of what we're seeing like how do we make the most off paper

[00:23:23] click how do we cut out free stuff how to make more money on contacting

[00:23:28] vets as a veteran I'm a little surprised you don't care about that but that's

[00:23:32] cool that's your progative so it's like how do make more money how do we cut

[00:23:37] more costs and this is what we're saying and mark my words layoffs are

[00:23:42] coming layoffs are coming to indeed at some point in a significant way

[00:23:47] and this is just the the the canary in the coal mine is all this sort of how

[00:23:52] do we milk as much profit as we possibly can you know the challenge to me they

[00:23:58] just had an investor meeting I think and that they they published online

[00:24:01] there's articles if you guys are interested you know they're indeed is so

[00:24:05] concerned about the transactional nature of job search like how do we make

[00:24:11] applying easier how do we like the problem with job search isn't that it's too

[00:24:16] hard it's at it might be that it's too easy but the transactional nature of

[00:24:20] it is to me not a winning strategy for indeed because programmatic is going to

[00:24:25] out transaction probably anything that indeed does it needs to be more personal

[00:24:31] than transactional we both knock on LinkedIn a lot and I think fairly so on you

[00:24:38] know related jobs and jobs for you and things like that the one thing that

[00:24:42] indeed gets or that LinkedIn gets right is if you search for a job on LinkedIn

[00:24:47] it will show you who you know at the company yeah first degrees I would school

[00:24:52] this person maybe I'm second degree and they know somebody I know because if

[00:24:57] you learn anything from his kids it's not necessarily what you know it's who

[00:25:00] you know and the transactional nature of indeed and other job sites like

[00:25:04] takes a lot of that personal stuff out of out of the equation LinkedIn secret

[00:25:08] sauce is the people that are on the site and I know you don't engage with it but

[00:25:13] when people change jobs look for jobs they're good they go to LinkedIn so that

[00:25:18] network is powerful and it does help people get jobs so LinkedIn to me we're just

[00:25:24] a cost-cutting efficiency game at indeed right now and maybe an IPO is coming

[00:25:30] in the future when they maximize profits to echo your sentiment it's more

[00:25:35] spaghetti at the wall it's more like fear they're driven by fear and what Google's

[00:25:42] doing what appcast is doing and so it's just more being unfocused maybe they are

[00:25:48] more focused but in the wrong places and we're going to see more craziness from

[00:25:53] indeed way to the layoffs come though so what I'm hearing is they should buy

[00:25:58] poly work they should buy step stone and then step stone should buy career builder

[00:26:02] all right all right so one of the things that they actually said during their

[00:26:07] virtual investor update was the global HR matching market composed of job

[00:26:13] advertising and talent sourcing direct hire retain search and turn a

[00:26:17] recruitment automation and temporary staffing pretty big is almost $330

[00:26:22] billion right the search engine opportunity only represents a portion of that

[00:26:27] about about 10% right coming in at just over $295

[00:26:33] billion the global marketplace total addressable market reflects

[00:26:38] the remaining 90% so the HR matching market the thing that they're trying to

[00:26:44] go after and again I just don't see it because they don't have the technology

[00:26:49] unless they actually rebuild infrastructure they can't get it done they're matching

[00:26:53] it shit they're they don't have a network to be able to lean on like like

[00:26:58] LinkedIn does right everything that they could have built and or acquired by

[00:27:03] this time they just haven't right in it just it drives me crazy you see a company

[00:27:09] with this much fucking money they have tried to go down funnel and they've

[00:27:14] done a shitty job of it they had they have an interviewing platform that just

[00:27:19] fucking flopped right and they they've pretty much given up on it you can't you've

[00:27:24] got to double down and find out what the issues are and you've got to go down

[00:27:27] funnel I just these guys I don't know who the fuck is running the ship over

[00:27:32] there but I've said it and I'll say it again Chris Himes needs to fire

[00:27:35] himself I love that their new motto is simplify hiring and they own

[00:27:40] simply hired like I don't know if that was planned or or what that is you

[00:27:45] know in between you and I cabbage patching and doing the running man in between

[00:27:50] K-bo stance at the e-congress conference and Amsterdam there was a sentiment

[00:27:56] of like people won't search for jobs anymore jobs will find them and it seems

[00:28:01] that indeed is in this sort of misdirection of reinventing what they do and

[00:28:06] I'm not sure they should smoke give me a box let me put in some keywords

[00:28:10] let me go to a site and apply like back to basics wouldn't be the worst thing

[00:28:15] of the world for this company they're not Google they don't have the resources

[00:28:19] it's not that hard to be able to screen up front screen to ensure that people

[00:28:24] are qualified before they actually go on to apply which means you can charge

[00:28:29] for that click because you know that they're a qualified candidate

[00:28:33] I mean just the basic shit they can't get the basic shit right if you want to

[00:28:38] be able to build a model build a model to be able to charge more for it you have

[00:28:43] to provide more value you're not providing more value providing shitty matching

[00:28:47] makes no fucking sense because there's slaves there's slaves to the clicks

[00:28:51] clicks is money so let's to pay in this shit let's

[00:28:55] I mean yeah yeah I get it it's like it's like the blogger slave media

[00:29:00] company slave to clicks it's ridiculous we need to click so it's not about

[00:29:04] they always preach it's about the user they don't give two shits

[00:29:08] about the user yes and you're in your bottom line exactly exactly

[00:29:12] anyway all right all right let's move on talking indeed let's talk

[00:29:16] about the AI wars man shits heating up it's great Mustafa Suleyman

[00:29:21] co-founder of Google's deep mine has been appointed as CEO of Microsoft's

[00:29:26] AI division overseeing consumer products like Copilot Bing and Edge

[00:29:30] Microsoft is competing with open AI Google and other big tech companies

[00:29:34] and the AI race in this move strengthens its strategy yeah poaching

[00:29:38] from Google that'll do it but wait there's more andthropics

[00:29:41] quad three opus large language model has surpassed open AI's GPT4 on the chat

[00:29:47] botterina leaderboard that sounds like a party yeah that sounds like a party

[00:29:51] everybody's leaving reddit for the for the chat botterina leaderboard

[00:29:56] a popular crowdsource platform for AI research researchers

[00:30:00] this marks the first time a non open AI model has taken the top spot

[00:30:04] and Chad the information is reporting Mark Zuckerberg is personally

[00:30:09] mailing Google's deep mine talent to join meta AI without having

[00:30:14] to interview for the company that's a lot of war and Chad yes what are your thoughts

[00:30:19] I just think this is a great setup for our our next you know side of topics

[00:30:25] on the HR side yeah this is incredibly hot we're going to see a convergence

[00:30:31] of technology all of this technology that we're talking about now the big

[00:30:35] names the Google's the Microsoft's you know whether it's cloud it's it's

[00:30:39] it's deep mind Gemini doesn't matter all of this is coming to our space

[00:30:44] period and every there's going to be this amazing overlap

[00:30:48] so when we talk about this outside of the HR side of the house it's because kids

[00:30:54] it's coming well real quick I wanted that you know if you're the number of people

[00:30:58] that do this and and know it and can build stuff around it is a small

[00:31:03] number and they have they have a nice safety net called big tech so there's a

[00:31:09] ton of there's a ton of venture capitalists in the valley and probably elsewhere

[00:31:13] that says look yeah you could go to Microsoft you could go wherever but let

[00:31:17] let me give you $50 million and you guys go build whatever the hell you want

[00:31:22] and then it's yours and if it fails you can go work at deep wherever you want

[00:31:27] if it does fail so to your point a lot of people are going to jump ship to big

[00:31:30] tech but a lot of people are going to say you know what I'm smart enough to run my

[00:31:33] own company here's someone who are willing to write me a check let's let's rock

[00:31:37] baby and yes you're going to see this in HR and every there every other field

[00:31:41] but let's talk about what we're seeing in our space just this week alone Toronto

[00:31:47] based borderless AI has emerged from stealth with get this $27 million in seed

[00:31:54] seed funding for albourne albourne not the best name I don't know if you're from Alberta

[00:32:01] and through an in any way it's HR power it's AI powered HR assistant which

[00:32:07] automates onboarding management and payment processes for international team

[00:32:12] members and can answer employment law finance and tax queries in 170 languages

[00:32:19] that's a few jobs that's a few people that do those jobs at companies what's

[00:32:23] more powered by Nvidia your boy this Hippocratic AI has raised $53 million in

[00:32:30] series a funding bringing its total to 120 million dollars with evaluation of

[00:32:36] $500 million I think digital nurses who can answer your colonoscopy questions

[00:32:43] pre and post surgery health care everything HR AI is coming for everyone Chad what are

[00:32:51] your thoughts yeah so right on the gate the Hippocratic holy shit dude did you watch

[00:32:56] the demo there's an AI discharge nurse who's following up after a surgery and

[00:33:01] they actually take a call it's amazing and it's incredibly fluid the estimated

[00:33:06] cost of this nurse discharge nurse her name is Linda that that's around $9 an hour

[00:33:14] again not cheap although you've got to remember Linda can scale the bottom

[00:33:19] to can scale where the human Linda can only do one call at a time right so

[00:33:24] this just makes a hell of a lot of sense plus you you said the magic word in

[00:33:29] video I mean Nvidia's in Amen it was I was I was impressed I was very

[00:33:34] impressed with just the demo that they had and you take a look at borderless I

[00:33:39] mean what perfect timing to play off the successive deal and their latest

[00:33:43] acquisitions and reporting that they are enjoying 500 million in ARR borderless

[00:33:48] touts that they do payroll benefits taxes compliance all that boring shit

[00:33:53] that nobody wants to do right and they've got the AI agents what you talked about

[00:33:58] I think from from our standpoint nursing is distressed they need help so

[00:34:04] therefore here comes AI on the HR side there's so many bullshit administrative

[00:34:10] tasks here comes AI right I don't see it taking jobs as much as I see it

[00:34:15] taking tasks that take those humans away from what they need to be doing and

[00:34:20] that's being more human and working with other humans and employees and so in

[00:34:23] patients and so on and so forth so to me this is all exciting this block just

[00:34:29] watching in listening and learning about what's happening in AI what then

[00:34:35] watching some of those things start to bleed into our space I say a year after

[00:34:40] year after year and it's still true this year is the most exciting year in the

[00:34:44] space ever period there's a big word just getting better so not only can

[00:34:49] Linda help me figure out what this bump on my asses she can also tell me

[00:34:55] what my vacation a PTO time is for this year so the digital clones are coming

[00:35:02] for for every opportunity you know I think you know to your point we've done

[00:35:08] two conferences this year already and the question are we are all of our jobs

[00:35:14] gone is it is a typical theme at these conferences and it's to me it's

[00:35:21] amusing how much experts dance around the issue of no we're not losing

[00:35:27] jobs or only people who don't know AI are losing their jobs or no you just have

[00:35:34] to know AI to augment your your job honestly no one probably knows the answer

[00:35:40] but I find it hard to understand where there's not a world where there are fewer

[00:35:45] people doing some of these jobs you just I don't think you'll need as many

[00:35:49] people now you'll have to have people that understand how to use this shit and do

[00:35:54] it well I don't think it's just going to be a magic wand and all these things are

[00:35:57] done that's just unfortunately not the case for anything but the point is this

[00:36:02] it's coming and we got more stories about this and next week we'll have more

[00:36:05] stories in the week after that we'll have more stories not going away by the

[00:36:09] me so robotics the flippy company they got new there's still rock and we don't

[00:36:14] talk about them much but they're still doing their thing my concern is that

[00:36:18] there's a lot of other listeners because if there are more recruiters and there are

[00:36:22] more vendors doing this like I think I think we've got a few years before we have

[00:36:26] to start worrying about that we got a few years which means our advertisers

[00:36:29] still love us everybody we're going to take a quick break make sure you listen

[00:36:32] to the ads everybody because without ads there's no Chad there's no cheese

[00:36:38] and there's no happiness there's no chat and cheese we'll be right back

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[00:37:23] let's talk immigration Chad I don't know if you've watched any of the news

[00:37:27] channels on your on your TV set but immigration is kind of a big big story

[00:37:33] not only here but around the world it's go it's a scary yeah so wall street

[00:37:39] journal story recently kind of clarify that it's maybe not awful the story

[00:37:45] says despite despite the debate around the merits of the current levels of

[00:37:50] immigration economists at major firms on wall street argue it has been a major

[00:37:55] boon for the economy and added trillions of dollars to us gross domestic

[00:38:01] product the benefits of this influx have not escaped the attention of policy makers

[00:38:05] such as federal reserve chairman j pal who say him who say migration has

[00:38:11] boosted employment field consumer spending and eased post pandemic labor

[00:38:16] shortages my god Chad let's all get off the ledge for a second what are your

[00:38:21] thoughts I think balance is key there's no question but we've got to ask

[00:38:25] ourselves these questions does productivity stall when vital roles aren't

[00:38:32] all of course they are productivity plummets will roads pave themselves no

[00:38:38] well packages deliver themselves no not today we can't keep pace and drive an

[00:38:47] economy if our infrastructure is warned in our products are not being created

[00:38:51] delivered in service and that's a problem right so you're talking about you

[00:38:56] you're your friend what what should they do they should look for the gaps immigrants

[00:39:01] are filling the gaps in our workforce economy by filling positions and driving

[00:39:06] productivity also in some cases immigrants are performing jobs that Americans

[00:39:12] just won't do but we need to get them done they have to be done so they are

[00:39:17] filling the gaps last but most importantly this is a more on a somber note

[00:39:21] but immigrants are performing dangerous jobs like working construction on the

[00:39:26] frances Scott key bridge in Baltimore where the latest report notes all the

[00:39:31] construction workers killed when a container ship struck the bridge and it fell

[00:39:36] they're all immigrants so as we want to build a wall and we want to vilify

[00:39:42] and we want to talk about murders and rapists and all that other stuff we have

[00:39:46] to remember there's a balance there yes we do have to do something about immigration

[00:39:51] um it can't be a free flow that's very hard but what we need to do is we need to

[00:39:56] understand that there is a need from our standpoints and they're filling those

[00:40:01] gaps and they're driving the economy and they're probably making half that of

[00:40:06] what American would make in that in that position fill the gap Chad fill the gap

[00:40:11] what are you doing step bro I enjoy flipping from Fox to MSNBC and the

[00:40:19] perspective on that the the border on each is very very different I look

[00:40:23] I guess I don't disagree that there's some issues at the border there's people

[00:40:27] come on like I think there's a concerted effort to like fuck shit up the fentanyl

[00:40:32] thing is real those drugs coming into the like that's a thing but the bigger

[00:40:38] picture is uh America needs people I know you like to talk about the world needs

[00:40:43] less people um and that's that's fine if productivity if productivity the

[00:40:48] earth would love us so much more here there we have systems in place that

[00:40:54] rely on more people at the bottom of the pyramid than there are at the top

[00:40:59] the pyramid and that's becoming inverted depending on what country you're in

[00:41:03] and that that creates some real problems we need people to make shit we need

[00:41:07] people to buy shit we need people to support the things that we do in this

[00:41:11] country and if we're not having babies the way that we use to those people need

[00:41:16] to come from somewhere frankly as American we should be pretty happy

[00:41:20] that we're a place that people want to come because there are a lot of places

[00:41:24] in the world that people do not want to migrate they do not want to go like

[00:41:28] America is still a place where the perception is if I work hard I obey the law

[00:41:35] I will have a better life and my children will have a better life and we will you

[00:41:40] know we will be citizens that are a plus instead of a minus on society

[00:41:46] and that is still the majority of people that are walking through war zones

[00:41:51] and fighting famine and disease and full families coming to this country because

[00:41:57] they think there's a better life here in many cases that there is so let's stop

[00:42:01] vilifying immigration yes there are problems to fix their gaps to fill as you

[00:42:06] say but this is going to this is the number one issue in our country

[00:42:10] this will be the presidential election if it were held today this would be

[00:42:15] the number one issue on the ballot and I think that vilifying it has been horrible

[00:42:20] by and large these are really good people that are struggling that want to come

[00:42:23] to this country make be productive and be a plus on it and we need to stop

[00:42:29] focusing on the five or whatever percent that want to like burn the whole place

[00:42:33] down amen amen let's question is next will cars build themselves go ahead

[00:42:39] will cars build themselves yes let's go back to bots killing all of us

[00:42:44] so back in January report surface that BMW South Carolina plant would be testing robot

[00:42:51] workers fast forward to today and it looks like those rumors are true we're seeing

[00:42:57] ticktocks and other social media pundits show videos of a robot that looks

[00:43:03] is has arms and legs like a human it interacts with the human being who says

[00:43:09] I'm hungry what would you give me and there's an apple on the table so the robot

[00:43:14] knows apple give to the table it puts it could it'll put dishes in racks it will

[00:43:21] like it sort of is I mean I will say it's like it kind of knows it can kind of

[00:43:27] process the stuff and BMW is putting this stuff putting these robots in its

[00:43:32] factories yeah to build cars your thoughts on the impending robotic take

[00:43:39] over Chad yeah my cousin works in that plant so yeah he works in that plant

[00:43:45] yeah he's worked there for well over a decade probably two decades and I

[00:43:49] asked him I'm like are you worried about this is like hell no we can't find people

[00:43:52] in the first place so you know it's again it's the it's the immigration it's

[00:43:57] the balance it's all of this and as we start to take a look at some

[00:44:02] companies who are you know paying immigrants underneath the table which means no

[00:44:08] taxes right then we have AI and robots taking jobs what about the taxes there we're

[00:44:13] going to have to restructure how we deal with the border how we deal with

[00:44:17] taxes what jobs actually look like are they remote are they hybrid are they

[00:44:22] this are they that we have a lot of work to do and we can I don't think it's

[00:44:27] it's it's smart and or safe for us to hope that politicians make the right

[00:44:34] decisions there right I think as experts in the space we need to definitely

[00:44:38] have these conversations we need to have more of these conversations to ensure

[00:44:42] that you know dumb decisions aren't made moving forward right they need to

[00:44:47] have the adults in the room I couldn't help but watch and wonder how long it'll

[00:44:52] be before an affordable robot is on the market that can clean my toilets on a

[00:44:57] regular ongoing basis but that's just me talking about Christine giving you an

[00:45:01] ultimatum of of why leaving your own toilet let's not talk about what Christine

[00:45:07] is giving me or not giving me Chad so so part of me wants to temper my fear

[00:45:13] slash enthusiasm for this stuff I mean we've been talking about self-driving cars

[00:45:17] for over a decade it doesn't seem like they're going to be on the market anytime soon

[00:45:21] Elon still pushing Google Google is Google's creating pictures of black Nazis on

[00:45:27] their AI stuff so a lot there's a lot of work left to be done but then but then

[00:45:33] I think about the famous Ernest Timmingway quote when they asked him how he

[00:45:39] went back rubbed his comment was two ways slowly and then all of a sudden so I

[00:45:47] feel like this thing keeps building it's flipping burgers it's making tacos

[00:45:54] it's you making cars one of these days we're going to look up and it's this

[00:46:00] stuff is going to happen quickly because it's passed all the regulation stuff

[00:46:04] or it's finally hit a tipping point of evolution and the robots are going to be here

[00:46:11] I don't know when but at some point it's going to happen quickly and we're going to look up

[00:46:15] and go holy shit robots are everywhere they're doing a lot of stuff

[00:46:19] my only concern is the speed at which this is going to happen human beings aren't

[00:46:23] built to scale like this you know when the car was introduced it took decades

[00:46:29] before the car like fully became the car right people had some time to adjust

[00:46:34] I think you be eye has to be on the table at some point people are displaced they're

[00:46:39] going to have to have some sort of a welfare upscaling education like

[00:46:44] educational resources we're going to have to really rethink how we're training our

[00:46:48] people and taking care of our people but if this is going to happen it's just a matter

[00:46:53] of when and get yourself ready get yourself on LinkedIn learning and get

[00:46:57] them badges people because you're not going to have to have some new skills

[00:47:01] or learn to podcast or some shit something that doesn't take some of those

[00:47:05] take a lot of intelligence just become a become a podcaster

[00:47:13] Greetings from Evergreen podcasts we're rolling out a listener survey

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[00:47:59] All right Chad I know you've been missing some only fans news

[00:48:03] Dude I was at the red light district I was not missing only fans

[00:48:09] Florida keeps Floridaing

[00:48:11] I mean that one of a controversy at Liberty Christian preparatory school

[00:48:16] in Orlando has led to the expulsion of nine students over a sticker

[00:48:22] on mom's car promoting her only fans account

[00:48:27] Did I just read that oh my god all right

[00:48:30] My kids are going to listen to these shows when I'm dead

[00:48:33] The mother Michelle Klein was asked to park off campus due to the sticker

[00:48:40] and the situation escalated when another mother complained about it on TikTok

[00:48:45] Yeah, the you know the subtle like face-to-face complaint was enough she had to take a detect

[00:48:50] OK so both mothers both mothers children were expelled

[00:48:54] Oh that's nice the parents fight and the kids get in trouble

[00:48:57] And they were given conditions for their children to be reenrolled

[00:49:01] The children have since been homeschooled

[00:49:04] And I'm sure they're getting a top flight education from their mothers

[00:49:08] Chad what is the world coming to yeah I just have to figure out what mobile home park these guys are out of

[00:49:15] This is I mean it's Florida I mean they're full of them Liberty is a high school

[00:49:21] Liberty Christian prep it you can't write this shit

[00:49:24] I just this isn't Netflix comedy way into happening

[00:49:27] It's just the crossover of all of this shit you know it's like I want to send my kid to a good school

[00:49:35] This one happens to be a Catholic school Christian school whatever it is right

[00:49:39] And then but you know on my time off I've got a little only fans have

[00:49:43] Hey those private schools aren't cheap

[00:49:45] You gotta you gotta find the money something right so yeah it's it is interesting

[00:49:50] It is very very interesting and funny

[00:49:54] That's what I want to do

[00:49:56] It is fun

[00:49:58] So so run a podcast you can't say it but the the sticker

[00:50:02] It looks like a home like she bought it on some online service

[00:50:06] It covers the entire back window

[00:50:08] This isn't like a bumper sticker with my only fans URL

[00:50:12] She bought like a billboard sized only fan site and she's driving around with children

[00:50:18] Apparently promoting her her site

[00:50:21] So so there you go only fans you know we talked about a while back they had they brought a new CEO

[00:50:27] They wanted to go legit they wanted people like normal sort of online

[00:50:35] Celebrities to get on and make money through subscriptions or whatever

[00:50:41] I think going legit is out the door for only fans

[00:50:45] Part of their going legit thing was like we need to go public at some point and make a ton of money which they would based on their based on their uh

[00:50:53] If you're watching on YouTube chat is pulled up the car literally the Dodge Caravan only fans

[00:50:59] Piper fun

[00:51:01] Piper fun it has like racing stripes I mean it's yeah this thing was in a in a mobile home park somewhere

[00:51:09] Landing landing strips racing stripes whatever take your pick um they can kiss they can kiss the public markets goodbye

[00:51:19] Unless of course they get they get Trump involved and he joins only fans

[00:51:25] And then they they get a SPAC

[00:51:27] And uh and go public that way there their ticker symbol could be DT

[00:51:33] BJ you know saying Donald Trump BJ

[00:51:37] Alright that's

[00:51:39] We out

[00:51:41] Wow look at you

[00:51:43] You made it through an entire episode of the chat and chase podcast

[00:51:47] Or maybe you cheated and fast-forwarded to the end

[00:51:49] Either way there's no doubt you wish you had that time back

[00:51:53] A valuable time you could have used to buy a nutritious meal and talk about

[00:51:59] Enjoy a poor or your favorite whiskey

[00:52:02] Or just watch big booty latinus and bug fights on TikTok

[00:52:08] No you hung out with these two chuckleheads instead

[00:52:12] Now go take a shower and wash off all the guilt

[00:52:16] But save some soap because you'll be back

[00:52:20] Like an awful train wreck you can't look away

[00:52:24] And like Chad's favorite western you can't quit them either

[00:52:29] We out

[00:52:31] You've got questions we've got answers

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