This podcast episode explores recent developments in the field of AI, focusing on the advancements in multimodal models and their potential applications. The episode discusses the AI announcements from OpenAI, Google, and Microsoft, highlighting their use of highly capable multimodal models for voice experiences and real-time video reactions. It also explores the potential impact of agentic capability on digital assistants and the concept of marketplace disintermediation. The episode concludes with a discussion on the rapid pace of innovation facilitated by AI and the benefits it brings to various companies.