1 00:00:00,200 --> 00:00:03,300 This podcast is brought to you by Starship shirts.com. 2 00:00:03,300 --> 00:00:07,300 The ultimate destination for fans of SpaceX Tesla neurolink 3 00:00:07,400 --> 00:00:10,200 in all of elon's. Incredible Ventures from apparel 4 00:00:10,200 --> 00:00:13,400 and accessories to Collectibles and gadgets merchandise 5 00:00:13,400 --> 00:00:16,600 celebrates the spirit of innovation that drives the man 6 00:00:16,600 --> 00:00:18,700 himself. Join us on this thrilling 7 00:00:18,700 --> 00:00:21,300 Journey Through the cosmos. The open road in the frontiers 8 00:00:21,300 --> 00:00:25,200 of human consciousness with Starship shirts.com. 9 00:00:25,300 --> 00:00:27,700 You're not just buying merch. You're becoming part of a global 10 00:00:27,700 --> 00:00:29,800 community that Embraces the future. 11 00:00:30,000 --> 00:00:34,000 ER with open arms, visit Starships, shirts.com and use 12 00:00:34,000 --> 00:00:36,800 the promo code musk ten for ten percent off. 13 00:00:36,800 --> 00:00:41,100 Your first order offer valid for a limited time only so get on it 14 00:00:41,200 --> 00:00:50,000 and start innovating yourself. Hi and welcome back to the Elon 15 00:00:50,000 --> 00:00:53,800 Musk podcast where today we'll be discussing musk's ambitious 16 00:00:53,800 --> 00:00:58,400 Vision to turn Twitter into a super app called X and biting 17 00:00:58,400 --> 00:01:03,200 social, media news, payments and even a, I now musk aims to 18 00:01:03,200 --> 00:01:07,300 create a One-Stop platform for users in the u.s. similar to 19 00:01:07,300 --> 00:01:10,800 WeChat in China. While is track record with Tesla 20 00:01:10,800 --> 00:01:14,900 and SpaceX shows his potential to disrupt established 21 00:01:14,900 --> 00:01:17,000 Industries. The challenges of creating a 22 00:01:17,000 --> 00:01:21,200 super app The highly competitive US market with concerns around 23 00:01:21,200 --> 00:01:24,600 regulation and privacy remains significant. 24 00:01:24,900 --> 00:01:27,200 And in this episode, we'll explore the features. 25 00:01:27,200 --> 00:01:31,400 That could potentially Define X as a super app such as stock and 26 00:01:31,400 --> 00:01:36,100 crypto trading integration. And a high-powered services will 27 00:01:36,100 --> 00:01:40,100 also discuss the hurdles that X must overcome, like, research 28 00:01:40,100 --> 00:01:43,900 and development Investments, Regulatory Compliance and 29 00:01:43,900 --> 00:01:45,800 gaining Traction in a fragmented. 30 00:01:45,800 --> 00:01:49,900 A people ecosystem. Now join us as we delve into the 31 00:01:49,900 --> 00:01:54,500 possibilities and challenges of Elon musk's vision for x and 32 00:01:54,500 --> 00:01:57,800 what it could mean for the future of technology in the 33 00:01:57,800 --> 00:02:01,400 United States. Now Twitter informed its 34 00:02:01,400 --> 00:02:07,600 business users on April 18th that Twitter Inc is now X Corp. 35 00:02:08,000 --> 00:02:11,600 It's the latest move and musk's attempt to turn his reluctantly 36 00:02:11,600 --> 00:02:15,600 purchase platform into an everything app called X, along 37 00:02:15,600 --> 00:02:18,300 with the name change, there's the recent news that Either has 38 00:02:18,300 --> 00:02:21,900 partnered with the stock and crypto trading firm and musk 39 00:02:21,900 --> 00:02:26,200 also Incorporated, an artificial intelligence company called x 40 00:02:26,200 --> 00:02:30,900 dot AI, which may be part of is super app plans. 41 00:02:31,400 --> 00:02:34,300 So so-called super apps or everything apps. 42 00:02:34,500 --> 00:02:37,700 As musk is referred to them are apps that offer several 43 00:02:37,700 --> 00:02:42,300 Services, usually, including a payments component, and they're 44 00:02:42,300 --> 00:02:46,700 hugely popular in Asia, though. You can find them in Africa and 45 00:02:46,700 --> 00:02:49,700 Latin America as well. But they haven't caught on in 46 00:02:49,700 --> 00:02:53,300 the US must clearly wants that to change and he wants Twitter 47 00:02:53,300 --> 00:02:57,200 to lead the way the billionaire has said a few things about his 48 00:02:57,200 --> 00:03:00,700 plans and made what appeared to be a few preliminary moves 49 00:03:00,700 --> 00:03:04,300 toward it. But what is Twitter can do with 50 00:03:04,300 --> 00:03:08,700 his dwindling resources and polarizing owner is still very 51 00:03:08,700 --> 00:03:12,500 much in question. So, let's talk about what super 52 00:03:12,500 --> 00:03:15,600 apps are right now. If you're in the u.s. you 53 00:03:15,600 --> 00:03:17,700 probably haven't used a super a before. 54 00:03:17,700 --> 00:03:20,300 It's It's possible. You hadn't even heard of them 55 00:03:20,500 --> 00:03:24,000 before musk started talking about the concept while you 56 00:03:24,000 --> 00:03:28,000 might be familiar with WeChat a Chinese messaging app that then 57 00:03:28,000 --> 00:03:32,200 President Trump tried to ban along with Tick-Tock in 2020, we 58 00:03:32,200 --> 00:03:37,600 chant has 1 Point 2, 6 billion users worldwide as of September 59 00:03:37,600 --> 00:03:41,400 20 21 and it's enormously popular in China. 60 00:03:42,200 --> 00:03:44,900 If you have family there, you probably use WeChat to stay in 61 00:03:44,908 --> 00:03:47,800 touch with them at since its 2011 release. 62 00:03:48,300 --> 00:03:51,300 We chant has become much more than a messaging app for mobile 63 00:03:51,300 --> 00:03:53,800 devices. It quickly expanded it to 64 00:03:53,800 --> 00:03:57,600 payments and gaming WeChat is owned by a Chinese company 65 00:03:57,600 --> 00:04:02,500 called tencent, which is a major player in gaming worldwide and 66 00:04:02,500 --> 00:04:06,800 that it added many programs or third-party apps house within we 67 00:04:06,800 --> 00:04:11,400 chant which vastly expanded, its capabilities these days users 68 00:04:11,400 --> 00:04:15,600 can do just about everything within WeChat, they can hell a 69 00:04:15,608 --> 00:04:20,700 taxi order food Pete. Bill's share videos and even 70 00:04:20,700 --> 00:04:24,400 share their government-issued identification in some 71 00:04:24,400 --> 00:04:26,800 circumstances. They may only be able to access 72 00:04:26,800 --> 00:04:30,100 certain Services through their, we chap accounts and we chap 73 00:04:30,100 --> 00:04:34,700 supplies and it has control of the infrastructure that 74 00:04:34,700 --> 00:04:38,100 underpins this ecosystem and the possibilities are almost 75 00:04:38,100 --> 00:04:39,400 endless. They can build anything they 76 00:04:39,400 --> 00:04:43,400 want on top of it. And for many people in China, we 77 00:04:43,400 --> 00:04:49,000 chant is their entire internet. Now, Jason Wang and Software 78 00:04:49,000 --> 00:04:52,300 design and development, at Gartner describes the concept as 79 00:04:52,300 --> 00:04:54,700 one company. Building an open app for third 80 00:04:54,700 --> 00:04:57,500 parties, to build these many apps, you'd like an Su perhaps 81 00:04:57,500 --> 00:05:01,500 to how Batman and Iron Man have suits with core powers and they 82 00:05:01,500 --> 00:05:06,300 add on regular different gadgets and functionalities to them and 83 00:05:06,300 --> 00:05:09,600 they can remove them as well. He said, you build a super amp, 84 00:05:09,700 --> 00:05:14,400 which is the costume that shell that has some core value, and 85 00:05:14,400 --> 00:05:17,900 then other partners will see value in created. 86 00:05:18,000 --> 00:05:20,300 Additional superpowers for your suit. 87 00:05:20,900 --> 00:05:25,100 Now we chat success has inspired other super apps in Asia and 88 00:05:25,100 --> 00:05:28,400 other continents Ali. Baba's a leap a which began as a 89 00:05:28,407 --> 00:05:30,600 payment service is also popular in China. 90 00:05:31,000 --> 00:05:34,300 Southeast Asia has grabbed which started out as a ride hailing 91 00:05:34,300 --> 00:05:38,900 app and go Jack, which began as a delivery service Africa, super 92 00:05:38,900 --> 00:05:41,600 amps, which include empieza and tempt him. 93 00:05:41,700 --> 00:05:46,700 If similar origin stories as does Latin America's rappy, But 94 00:05:46,700 --> 00:05:50,800 the u.s. along with Canada and Europe, hasn't been able to 95 00:05:50,800 --> 00:05:52,700 produce, a super wrap of its own. 96 00:05:53,600 --> 00:05:56,900 We've seen companies expand the services their apps offer into 97 00:05:56,900 --> 00:05:59,600 other areas, like how Uber or ride-hailing service? 98 00:05:59,600 --> 00:06:02,400 Now offers food delivery and grocery delivery within his 99 00:06:02,400 --> 00:06:05,200 platform. And Microsoft allows third 100 00:06:05,200 --> 00:06:07,800 parties to develop apps within its teams. 101 00:06:07,800 --> 00:06:10,800 Workplace. Now PayPal launches version of 102 00:06:10,800 --> 00:06:14,300 a, super a pint 121, but it hasn't gain much traction in 103 00:06:14,300 --> 00:06:18,100 comparison to its Asian. Parts, several factors have 104 00:06:18,100 --> 00:06:21,600 contributed to the lack of a true, super app in the west. 105 00:06:22,300 --> 00:06:25,500 Now, one reason is the intense competition in the US market 106 00:06:25,700 --> 00:06:30,000 with companies specializing in particular, niches and strive to 107 00:06:30,000 --> 00:06:34,000 maintain their dominance for the more regulatory hurdles and 108 00:06:34,000 --> 00:06:37,100 privacy concerns. Make it difficult for companies 109 00:06:37,100 --> 00:06:41,600 to consolidate user data and offer a wide array of services 110 00:06:41,600 --> 00:06:44,400 under one app. Lastly, the fragmented nature of 111 00:06:44,407 --> 00:06:47,800 the western app, ecosystem. With both IOS and Android 112 00:06:47,800 --> 00:06:51,000 platforms creates additional challenges, for developing a 113 00:06:51,000 --> 00:06:55,400 super app that works seamlessly across all devices. 114 00:06:56,300 --> 00:07:01,900 The musk has a vision for this super app, the X app and is 115 00:07:01,900 --> 00:07:06,000 going to be turning Twitter into the super app and it's ambitious 116 00:07:06,000 --> 00:07:09,000 to say the least, he's hinted at creating a platform that 117 00:07:09,000 --> 00:07:14,600 combines social media news payments and AI all within one 118 00:07:14,600 --> 00:07:19,000 single app on your device. It's a huge order, but if 119 00:07:19,000 --> 00:07:21,600 there's someone capable of pulling it off, it might 120 00:07:21,600 --> 00:07:24,700 actually be Elon Musk. And while the full extent of 121 00:07:24,700 --> 00:07:28,100 musk's plans for X is yet to be revealed. 122 00:07:28,500 --> 00:07:32,800 Some features are already taken shape, the partnership with 123 00:07:32,900 --> 00:07:37,300 stock and trading and crypto firms indicates that the ability 124 00:07:37,300 --> 00:07:40,100 to trade stocked and cryptocurrencies could be 125 00:07:40,100 --> 00:07:42,000 integrated into the platform soon. 126 00:07:42,400 --> 00:07:46,100 Additionally, the acquisition of X data I suggest. 127 00:07:46,300 --> 00:07:51,000 That AI powered features and services may play a significant 128 00:07:51,000 --> 00:07:54,000 role in the app. Now musk's track record with 129 00:07:54,000 --> 00:07:57,700 Tesla and SpaceX is shown as ability to disrupt, establish 130 00:07:57,700 --> 00:08:01,300 Industries and create Innovative transformative Solutions. 131 00:08:01,500 --> 00:08:03,800 However, the challenges of creating a super app in the US 132 00:08:03,800 --> 00:08:07,400 market are numerous and the polarizing nature of musk's 133 00:08:07,400 --> 00:08:11,800 public Persona may. Make it difficult for X to gain 134 00:08:11,800 --> 00:08:15,500 widespread adoption. Now it's ambitious as musk's 135 00:08:15,500 --> 00:08:18,600 vision for X. Maybe there are several hurdles 136 00:08:18,900 --> 00:08:21,500 that need to be overcome for it to become a reality. 137 00:08:22,000 --> 00:08:24,600 First, and foremost, Twitter will need to invest heavily in 138 00:08:24,600 --> 00:08:27,700 research and development, create a seamless, integrated platform 139 00:08:28,000 --> 00:08:29,900 that can support multiple services. 140 00:08:30,500 --> 00:08:33,100 This will likely require collaboration with third-party 141 00:08:33,100 --> 00:08:37,200 developers to create an ecosystem of many apps much like 142 00:08:37,200 --> 00:08:41,000 we chant has done in China. Furthermore Regulatory and 143 00:08:41,000 --> 00:08:43,900 privacy concerns will need to be addressed the concerns 144 00:08:44,000 --> 00:08:47,100 Validation of user data across various Services. 145 00:08:47,300 --> 00:08:50,900 May raise red flags with regulars and X will need to 146 00:08:50,900 --> 00:08:53,400 demonstrate that. It can protect user privacy 147 00:08:53,600 --> 00:08:56,100 while providing the convenience of an everything app. 148 00:08:56,600 --> 00:08:59,800 This may necessitate working closely with Regulators to 149 00:08:59,800 --> 00:09:03,100 ensure compliance, with existing laws and regulations. 150 00:09:03,700 --> 00:09:07,500 Now, gaining Traction in the highly competitive, US market 151 00:09:07,700 --> 00:09:13,200 will be a huge challenge to achieve the same level of we 152 00:09:13,200 --> 00:09:17,400 chant, Anna X will need to offer a truly unique and compelling 153 00:09:17,400 --> 00:09:21,100 user experience and services that sets it apart from other 154 00:09:21,100 --> 00:09:23,300 apps. This will likely involve 155 00:09:23,300 --> 00:09:26,700 extensive marketing and Partnerships to drive user 156 00:09:26,700 --> 00:09:31,300 adoption and killer apps to get people involved. 157 00:09:31,600 --> 00:09:35,200 Now, the vision for X as a super app, is an ambitious and divert 158 00:09:35,600 --> 00:09:38,200 that could potentially transform the way people in the u.s. 159 00:09:38,200 --> 00:09:40,500 interact with technology and their devices. 160 00:09:40,800 --> 00:09:44,300 However, there are numerous challenges to overcome Including 161 00:09:44,300 --> 00:09:47,200 competition, regulation and privacy concerns. 162 00:09:47,500 --> 00:09:50,700 And while musk its track record is suggests. 163 00:09:50,700 --> 00:09:53,400 He might be the one to finally pull this off. 164 00:09:53,800 --> 00:09:57,500 It remains to be seen if x can be successful because there's so 165 00:09:57,500 --> 00:10:02,800 many challenges and it could possibly be the go-to app for 166 00:10:02,800 --> 00:10:06,200 users in the US and possibly Canada in the future. 167 00:10:07,200 --> 00:10:10,600 Discover the ultimate Elon Musk experience with a premium 168 00:10:10,600 --> 00:10:12,600 membership to the Elon Musk podcast. 169 00:10:12,800 --> 00:10:16,200 Help us push the boundaries of innovation and quality as we 170 00:10:16,200 --> 00:10:20,200 bring you in depth independent coverage of SpaceX and Tesla 171 00:10:20,300 --> 00:10:23,800 Twitter and everything else. 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