The Dick & Paul Show
Dick Costolo and Paul Kedrosky host a show about AI, startups, and the future. They combine insider tech experience with irreverent commentary and guest conversations. Episodes explore serious questions about where technology is heading and how it could reshape the world. The tone is funny and conversational while still offering sharp analysis.
Episodes
The Uniformity Of Crowds
Dick and Paul dig into why everything — restaurants, faces, portfolios, hiking trails, even AI chatbots — is starting to look exactly the same. From a Soho frozen yogurt line to Instagram Face to correlated markets flash-crashing in unison, they trace how social proof, algorithms, and the compulsion to "have done the thing" are quietly erasing variety everywhere you look. Plus: why ChatGPT always
How We Learned To Stop Worrying And Love The Bots
Dick and Paul dig into why the "Terminator" version of AI risk is the wrong one to worry about, using the actual data: a farming AI study where removing one moral guardrail led autonomous tractors to drive over animals in 84% of encounters to save fuel (while carefully avoiding rocks, which could damage the equipment).
They break down why stacking multiple low-probability failure modes — 19 diffe
The Hidden Link Between Ozempic & Employment Rates
Ozempic is quietly distorting U.S. jobs data, and your favorite wellness podcast might be lying to you — Dick and Paul debunk viral health claims (bananas, creatine, Chernobyl) and explain why lifting weights matters more than any biohack.
Dick and Paul dig into how GLP-1 drugs (Ozempic, Wegovy, etc.) are quietly distorting U.S. jobs data — with roughly a million women returning to the workforce
Big Tech's AI Spending Has Gone Full Enron... Literally
Dick and Paul take a deep dive into the AI data center spending boom and why it's different from — and in some ways scarier than — the dot-com fiber-optic bust. They break down why lenders are pouring hundreds of billions of dollars into these buildouts without much regard for whether the underlying business makes sense, simply because Big Tech's balance sheets are so clean (a dynamic they compare
Prediction Markets & The "Big Score" Economy
In this episode, Dick and Paul dig into why "lottery-style" speculation is exploding — from South Korea's illegal 3x leveraged semiconductor ETF mania (where a huge share of active young traders are piling in despite a government ban) to the boom in prediction markets like Kalshi and Polymarket, where over 96% of bettors end up losing money to sophisticated market makers like Jane Street and Citad
The Barriers to Mediocrity Have Collapsed
Dick and Paul dig into why general-purpose AI models are doing to robotics what they already did to language — and why that's a bigger deal than the humanoid-robot hype suggests. They trace the throughline from Chinese EVs to laundry-folding robots to Rich Sutton's "Bitter Lesson," then make the case that cheap, general-purpose automation is set to collapse wages across the board. Along the way: a
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