From Tesla&#x27;s profit plunge to the end of non-competes, Mike Malone and Scott Budman break down the forces reshaping the Valley. We dive into Elon Musk’s robotaxi pivot, why laid-off engineers are finding jobs faster than ever, and Microsoft&#x27;s billion-dollar chess move in the Middle East. Plus, what does the FTC&#x27;s non-compete ban mean for your next startup?

The End of Non-Competes: Silicon Valley’s New Era of Talent Mobility

The Silicon Insider

# Full Transcript

**Podcast:** The Silicon Insider

## Transcript

Hey Scott Budman, how are you? Good Mike, how are you? Good, good. Did you have a good week? Yes, it's been non-stop. Non-stop tech news, non-stop space news, I'll take it any day. Where were you at today? Today talking Artemis, as you and I speak, it is Thursday night and a little less than 24 hours until splashdown. So by the time people hear this, hopefully we will have a smooth end to

an amazing mission. Yeah, they're coming in at what, 23,000 miles an hour? Yeah, and that heat shield that they're depending on was developed here near where we sit at the NASA Ames Research Center in Mountain View. Oh, yeah, my dad spent 20 years working at Ames, so... There you go. You realize that's where the personal computer came from? Yes. That the, they had a timeshare system set up in the

lobby. And Steve Wozniak used to sit there and dream and use it and dream about having his own computer at home. And that's where it all began. Yeah, they have a building there that had been turned into a McDonald's after being like a space tracker systems research center. And it's awesome to think that, okay, where the fries come out is actually where they had a laser detector. It's just an amazing

place, both present and history. Yeah, I interned there in high school. So in the planetology department. That's amazing. I love it. So first bit of news, it kind of broke today, maybe a little bit yesterday. The New York Times initially reported it. But a startup company called UMI reviewed 4,326 Google search results.

It's generated by Google's, uh, generated by Google's second generation Gemini 2 model, AI. And it found that the model, the model was accurate 85% of the time.

Now that doesn't seem real good. But then you consider that Google expects to handle more than 5 trillion research searchers in 2026 alone. That means that, uh, it's spitting out fake news at a rate of hundreds of thousands of mistakes every minute with the users left none the wiser.

And they, uh, and they, uh, and they, so they took a look at Gemini 3 and it was only accurate 91% of the time. So, I mean, that suggests that you really can't trust your AI results. I mean, two to one time, two times out of five, one time out of five, it's wrong. It's giving you fake information.

And, um, it's mostly, it misstates details because of the sources. Uh, it also is going to very unusual and unreliable sources to gather up the data.

So what does that suggest to you? I mean, to me, it's scary. Uh, yeah. Yeah. Yeah. I mean, Google AI is doing the same thing that Google search did 20 years ago, which is eat up all of the media advertising.

Because you go on Google and then you go, you hit that little AI thing on the top and you go to the source and, uh, you, you're taking Google's advertising and not anybody else's. And that's what wrecked, you know, the print industry, the magazine industry 25 years ago. And now it's, uh, it's doing the...

The End of Non-Competes: Silicon Valley’s New Era of Talent Mobility

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

The End of Non-Competes: Silicon Valley’s New Era of Talent Mobility

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.