This podcast episode explores the rise of Perplexity AI, a chatbot that has garnered attention for its impressive performance. The speakers question Perplexity AI's valuation and compare it to ChatGPT, discussing the potential impact of the network effect and different company focuses. The episode also examines the success of Rivian, an electric vehicle company that is competing with larger companies like Tesla, highlighting the potential benefits of focusing on a specific niche. The speakers conclude by discussing the government's potential support for Rivian and the challenges faced by Chinese EV companies.