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    E116: Toxic out-of-control trains, regulators, and AI

    enFebruary 17, 2023

    Podcast Summary

    • The Power of Fundraising: How Jason Calacanis and David Friedberg Raised $450k for Charity through PokerFundraising can have a significant impact on charitable organizations, supporting various initiatives like legislative action, rescue programs, and improving conditions for animals.

      Jason Calacanis and David Friedberg raised a significant amount of money for charity through their poker game. They raised a total of $450,000, with $80,000 going to the Humane Society of the United States and $350,000 going to Mr. Beast's charity, Beast Philanthropy, which supports a food pantry. The funds raised for the Humane Society will be used for various purposes, such as supporting legislative action, rescue programs, and improving conditions for animals. The conversation also briefly mentions the backlash against Mr. Beast for his video on curing cataract blindness, with some critics arguing that it promotes ableism. Overall, this conversation highlights the power of fundraising and the impact it can have on charitable organizations.

    • The Dangers of Sensationalism and the Importance of Acknowledging Individual DifferencesSociety must strive for a more balanced and thoughtful approach to addressing societal concerns, recognizing the dangers of sensationalism and the importance of acknowledging and respecting individual differences.

      There is a tendency in society to sensationalize and focus on outrage, often targeting wealthy individuals. The conversation discusses how a billionaire's act of curing blindness and helping people in need is criticized and seen as exploitation. This can be attributed to a desire for equality, where differences between individuals should be erased. However, the conversation highlights the danger of ignoring and undermining the importance of these differences, as some individuals may want to improve or change them. Furthermore, the conversation raises the question of why certain incidents, such as a train derailment releasing toxic chemicals, receive little coverage or outrage compared to seemingly less significant issues. Overall, the key takeaway emphasizes the need for a more balanced and thoughtful approach to addressing societal concerns.

    • The hazards of vinyl chloride and the importance of precautionary measures in handling spills or accidents involving this dangerous substance.Precautions must be taken to prevent further hazards in the event of spills or accidents involving vinyl chloride, including avoiding inhaling hydrochloric acid gas in affected areas.

      Vinyl chloride, a precursor monomer used in making PVC, is a hazardous substance that can pose a significant risk if released or ignited. PVC, which is made from vinyl chloride, has a large market size of about 50 billion a year. When vinyl chloride is in its natural state, it is a gas but is compressed and transported as a liquid. If a spill or accident occurs, there is a difficult decision on how to handle the situation to prevent further hazards. Chemical analysis is conducted to determine the dilution of phosgene and the impact of hydrochloric acid. While scientists understand the risks and have historical precedents to deal with such incidents, it is still advisable to take precautions, such as avoiding breathing in hydrochloric acid gas, in affected areas.

    • The Rise of Citizen Journalism: A Shift Towards Transparency and Personal ResponsibilityAs distrust in mainstream media and the government grows, people are turning to alternative platforms to gather news and form their own opinions. This highlights the importance of personal responsibility and critical analysis in making informed decisions.

      There is a significant distrust in media and the government, leading to the emergence of citizen journalism. People are no longer relying solely on traditional media outlets for information, as they believe there may be biases or cover-ups. Instead, they turn to platforms like Twitter, TikTok, and Substack to gather news and form their own opinions. This shift represents a healthy skepticism toward mainstream sources and a desire for transparency. Additionally, the conversation highlights the importance of personal responsibility and accountability, as various powerful bureaucracies and their actions are being questioned. Overall, this conversation emphasizes the need for individuals to actively seek information and critically analyze it in order to make informed decisions.

    • Differentiating between Blame and Responsibility: A Logical Approach to Understanding Failures and Holding Accountable the CulpritsIdentifying responsibility for failures is crucial for creating a self-healing system that improves over time. The media's role in accountability must be unbiased and objective.

      It is important to differentiate between blame and responsibility. While blame may be driven by emotional reactions and the need to find someone at fault, identifying responsibility is a logical process that aims to understand the structures and individuals that failed. It is crucial to investigate and hold accountable those responsible for failures, whether they are government administrators, regulators, or industries. This process of identifying responsibility helps in creating a self-healing system that improves over time. The media plays a role in holding powerful people accountable, but it is essential to ensure that they remain unbiased and objective, rather than aligning with certain agendas.

    • The Failure of Media Accountability and the Manipulation of PowerThe media's agenda-driven approach and manipulation by elites have eroded trust, requiring reforms in media, government, and corporations to restore transparency and prioritize the interests of the citizens.

      The media is failing to hold politicians, corporations, and organizations accountable, leading to a lack of transparency and a sense that our society is incompetent or unethical. The conversation highlights how the media is agenda-driven and often ignores important stories that do not fit their narrative. Additionally, it is suggested that there is a group of elites who manipulate and control the media, politicians, and corporations, resulting in a lack of trust and the perception that citizens' interests are not being prioritized. The conversation also emphasizes the inefficiency and corruption within government institutions, such as the FTC, and the need for individuals in positions of power to have a proper understanding of how businesses operate. To address the power of big tech, the government should focus on protecting application developers and individuals' rights, such as privacy and freedom of speech. Overall, the conversation suggests that significant reforms and accountability are needed in various sectors to restore trust and ensure the well-being of citizens.

    • The Ineffectiveness of Lena Khan's Ideological Approach to Regulating Big TechUnderstanding business models and taking a surgical approach, utilizing legislation as a negotiation tool, and being cautious of unintended consequences are vital in addressing the issues surrounding big tech.

      Lena Khan, despite having the right credentials, is ineffective in her role because of her ideological approach towards regulating big tech. Instead of focusing on the actual issues of manipulating people through app stores, not having an open platform, and bundling products, she is overly fixated on the idea that being big and successful is a crime. The conversation highlights the importance of understanding business models from the inside out and taking a more surgical approach to address the Achilles heel of these tech giants. It is suggested that using legislation as a threat to negotiate better terms and promote interoperability could be a more effective strategy. Additionally, the conversation emphasizes the potential dangers of misinterpreting legislation, such as the Gonzalez case regarding section 230, which could have unintended consequences on how algorithms and recommendations are protected.

    • The Increasing Pressure on Algorithms and AI Platforms to Take Responsibility for Content and Editorial RoleAlgorithms and AI platforms are facing growing pressure to be accountable for the content they publish and curate, leading to stricter guidelines and restrictions, the need for transparency, and user control over algorithms.

      Algorithms and AI platforms are facing increasing pressure to take responsibility for the content they publish and curate. While section 230 protection has historically shielded platforms from legal liabilities for user-generated content, the emergence of algorithm-driven decision-making has raised questions about their editorial role. As stakeholders such as shareholders, consumers, advertisers, and publishers exert their influence, algorithms will inevitably face stricter guidelines and restrictions. This trend is evident in platforms like TikTok, which has tightened content restrictions due to public pressure. The conversation also highlights the need for transparency and user control over algorithms, allowing individuals to choose their preferred algorithm and adjust settings. However, the conversation warns against conservatives making hasty decisions that could undermine section 230 protections and potentially lead to unintended consequences. In summary, algorithms will evolve into editorialized versions in response to stakeholder pressures, including user preferences, regulations, and public expectations.

    • The potential consequences of repealing section 230 on big tech platformsRepealing section 230 may increase censorship and risk-averse behavior on platforms, but rewriting it may be a more effective solution to address concerns about content moderation.

      Repealing section 230 may lead to an increase in censorship of content on big tech platforms. Currently, these platforms are considered distributors and have limited liability for the content posted by users. However, if they are treated as publishers, they may face lawsuits for all the content on their platforms and may become more risk-averse, resulting in the removal of more content, particularly conservative content. The conversation also highlights the argument that algorithms already serve a similar role to editorial judgment by providing users with more of what they want. While there is a need to address the issue of tech companies using their protection to engage in censorship, simply getting rid of section 230 may not be an effective solution. Instead, it is suggested that section 230 should be rewritten to address these concerns.

    • The Need for Clear Responsibility in User-Generated Content PlatformsUser-generated content platforms should make efforts to moderate objectionable content and be held responsible for the editorial decisions made by algorithms to avoid promoting harmful content.

      There is a need for a clear distinction between user-generated content platforms and the responsibility they hold for the content on their platforms. While Facebook and Twitter may not be solely responsible for the content, there is an argument that they should take measures to moderate and control it. One suggestion is to implement a standard where platforms make a good faith effort to remove objectionable content, but they should not be held liable for every piece of content on their platform. Additionally, there is a proposal to own the algorithm and hold platforms responsible for the editorial decisions made by algorithms. This would ensure that algorithms are not promoting harmful or objectionable content without any human review or intervention.

    • The Pervasive Theme of Government's Role in Problem-solving and Societal FunctioningWhile the government plays a crucial role in issues such as safety regulations, individuals should strike a balance and not overly rely on the government for every problem.

      The role of government is a pervasive theme in discussions surrounding problem-solving and societal functioning. While individuals should not rely solely on the government to solve all their problems, there are certain areas, such as safety regulations, where government intervention is necessary for the protection and well-being of citizens. However, it is crucial to strike a balance and not excessively depend on the government for every issue. Various topics, including AI ethics, regulation of platforms like TikTok, and geopolitical situations, often revolve around government actions or their perceived lack thereof. Ultimately, the government's role is a constant consideration, and its involvement in crucial matters is determined based on the significance and impact of the issue at hand.

    • The Growing Role of Government in the Age of TechnologyIt is important for individuals and businesses to understand the role of government in technology to navigate its complex dynamics and potential consequences, and address concerns about AI ethics and bias.

      The role of government is becoming increasingly intertwined with technology and its impact on society. The discussion highlights the shift in focus towards tech due to its significant influence on various aspects of our lives, such as politics, elections, and finance. As technology grows and becomes more integrated, politicians are getting more involved, leading to government intervention and regulation. It is emphasized that government is both a competitor and a controller of technology, making it crucial for individuals and businesses to understand the role of government in order to navigate the complex dynamics and potential consequences. Additionally, the conversation raises concerns about AI ethics and bias, questioning who should have the authority to determine how AI responds to consumer requests and the potential risks of losing control over these technologies.

    • The Need for Transparency and Accessibility in AI ModelsUsers should be cautious of AI responses, as they can be biased and lack original thinking. Transparent filtering systems are crucial for informed decision-making, but fear of repercussions hinders full disclosure.

      The AI chat interface, like GPT, is programmed with a trust and safety layer that determines what answers it can provide. This layer is developed by humans, and there is evidence of bias in its programming. The AI tends to give boilerplate answers that avoid controversial or offensive stances, reflecting the biases of those who programmed it. This raises concerns about the potential for censorship and a lack of transparency in AI systems. People often give credence to AI responses without considering that they are not based on original thinking or fact-checking. Transparency and disclosure about the filtering system used by AI models can help users make informed decisions about the content they encounter. However, the fear of negative repercussions and corporate risk aversion may prevent full disclosure and the development of customizable filters.

    • Concerns and Solutions for Controversial Chatbot ContentCareful consideration of editorialization and user filters is essential to prevent reputational damage and allow for competition in the chatbot market.

      There is concern among corporate executives about releasing chatbot products that may endorse controversial points of view. Microsoft had to take down their chatbot, Tay, due to offensive content generated by it. The fear of being blamed for offensive content is a legacy of Tay that still affects corporate decision-making today. There is a discussion about the difficulty of implementing user filters and the potential for brittle reinforcement learning in chat products. It is argued that startups without brand equity may be more willing to release products without constraints, leading to competition in the market. Some believe that offering different models optimized for different political leanings or ways of thinking, and allowing users to stitch them together, could be a practical solution. Overall, there is a need for careful consideration of editorialization and censorship in chatbot products to avoid reputational damage.

    • Navigating the Trust and Safety Layer: Achieving Bias Control and Understanding AI's LimitationsUsers must take control over the biases in AI and be aware of its limitations and risks. Independent companies should offer AI without filters, while managing risks through diversification and moderation.

      The capabilities of AI, particularly in synthesizing large amounts of data, are impressive and improving with each version. However, there are concerns regarding the trust and safety layer, as big tech companies exercise control and may introduce their own biases. It is important for users to have control over the bias and be aware of any potential limitations and risks associated with AI. The conversation also highlights the need for independent companies to provide AI without filters, allowing users to determine their own filters and understand the raw output. Additionally, there is a discussion about the societal implications of AI development and the importance of managing risks through diversification and moderation.

    • The Impact of AI Technology on Media and Consumer ChoicesThe development and regulation of AI technology will shape the future of media and consumer choices, with the commoditization of AI enabling competitors to emerge while also raising concerns about transparency and biases. Responsible development and regulation are essential.

      The development and regulation of AI technology will shape the future of media and consumer choices. David Friedberg emphasizes that throughout history, different media systems have emerged, catering to different types of content and audiences. He believes that the commoditization of AI technology will enable competitors to emerge, offering alternative solutions that better serve different audiences. However, David Sacks raises concerns about the transparency and biases of big tech companies, stating that consumer choice may not be the sole guiding principle. While they agree that government intervention may not be the answer, they both agree that regulations and transparency are necessary. This conversation highlights the evolving nature of media and the need for responsible development and regulation of AI technologies.

    • The Concerns and Implications of AI TechnologyAI technology raises concerns about transparency, decision-making, and the potential influence of a few tech oligarchs. It highlights the importance of ethical considerations and prioritizing the best interests of society over profit motives.

      There are concerns about the power and potential biases of AI technology. OpenAI, originally founded as a nonprofit to promote AI ethics, has now become a for-profit company, raising questions about transparency and decision-making. With the ability to provide accurate and free answers to a wide range of questions, AI has the potential to reshape society and rewrite history. This raises concerns about the influence of a few tech oligarchs and their personal views on such a powerful technology. The conversation highlights the need for transparency and the importance of ensuring that AI is not solely driven by profit motives, but rather guided by ethical considerations and the best interests of society.

    • Exploring Solutions and User Control in an Evolving Media Landscape.The conversation highlights the need for solutions that prioritize user control and preferences, acknowledges tech companies' for-profit motives, and showcases the potential for innovative solutions to address media challenges.

      The market is expected to resolve the issues raised by big tech companies and their influence over media and consumer choices. While there are concerns about bias and government regulation, the conversation highlights the potential for new alternatives to emerge faster than anticipated. The focus shifts towards the importance of user control and finding solutions that align with user preferences. The conversation also acknowledges the for-profit motives of tech companies and the significant financial gains they can achieve. The example of Mozilla Foundation's partnership with Google shows how a for-profit entity can support a nonprofit organization, allowing compensation for contributors. Overall, the conversation emphasizes the ongoing evolution of media and the potential for innovative solutions to address current challenges.

    • Open AI transitions from nonprofit to for-profit, raising questions on motivations and implications, employee shares, and funding for AI startups.Transitioning from nonprofit to for-profit can lead to uncertainties regarding motivations, employee ownership, and funding viability for AI startups, while also fostering a friendly and light-hearted conversation.

      Open AI, a nonprofit organization dedicated to AI ethics, has transitioned into a for-profit business. This raises questions about the motivations and implications of such a move. Some individuals in the conversation express curiosity about whether Open AI employees hold shares in the organization. Additionally, the discussion delves into the viability of raising substantial funding for for-profit AI startups versus nonprofit ventures. It highlights the potential challenges and differences in attracting significant investments in both sectors. The conversation ends on a lighter note, with the participants expressing their affection for one another and joking about their roles in the podcast.

    Recent Episodes from All-In with Chamath, Jason, Sacks & Friedberg

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    Follow on X:

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    Intro Music Credit:

    https://rb.gy/tppkzl

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    Intro Video Credit:

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    Jason's links (16:34):

    https://pt.icct.nl/article/donald-trump-aggressive-rhetoric-and-political-violence

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    https://www.foxnews.com/us/trumps-attempted-assassin-posted-message-before-shooting-july-13-my-premiere-watch-unfolds

    https://abcnews.go.com/US/trump-assassination-attempt-investigation-continues-new-details/story?id=112020474

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    https://x.com/DylanByers/status/1811855698566975936

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    https://pt.icct.nl/sites/default/files/import/pdf/nacos-et-al.pdf

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    https://www.vice.com/en/article/wx83v4/even-trumps-defense-secretary-during-the-capitol-riot-blames-him-for-inciting-it

    https://apnews.com/article/trump-rubio-vance-burgum-scott-stefanik-vp-11ec39b0da11152ad110ff987d4eaeee

    https://www.youtube.com/watch?v=pot7R0Affjs

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    https://theintercept.com/2022/07/14/jan-6-texts-deleted-secret-service

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    https://www.nytimes.com/2024/07/16/us/politics/trump-vance-vp-decision.html

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    https://twitter.com/DavidSacks

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    Follow on X:

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    Intro Music Credit:

    https://rb.gy/tppkzl

    https://twitter.com/yung_spielburg

    Intro Video Credit:

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    Referenced in the show:

    https://x.com/teddyschleifer/status/1811423421861113915

    https://www.cnbc.com/2024/07/11/cpi-inflation-report-june-2024.html

    https://www.barrons.com/livecoverage/stock-market-today-071124/card/odds-of-a-september-rate-cut-jump-as-inflation-cools-Du34tNx5OPXwQpXrKTT2

    https://fred.stlouisfed.org/series/UNRATE

    https://www.google.com/finance/quote/SPY:NYSEARCA

    https://ycharts.com/indicators/sp_500_pe_ratio

    https://www.cbsnews.com/news/cbs-news-poll-analysis-americans-rate-economy-partisan-lens

    https://www.morningstar.com/news/marketwatch/20240709188/heres-how-far-the-dow-has-fallen-behind-the-sp-500-so-far-in-2024

    https://youtu.be/R6hJh-OwoZw

    https://www.sequoiacap.com/article/ais-600b-question

    https://www.goldmansachs.com/intelligence/pages/gs-research/gen-ai-too-much-spend-too-little-benefit/report.pdf

    https://www.theinformation.com/articles/andreessen-horowitz-is-building-a-stash-of-more-than-20-000-gpus-to-win-ai-deals

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    https://www.nbcnews.com/politics/2024-election/disastrous-biden-campaign-fundraising-takes-major-hit-rcna161214

    https://x.com/greenfield64/status/1811199262350532767

    https://x.com/Olivianuzzi/status/1808924240529535352

    https://x.com/peterjhasson/status/1811052411584164210

    https://youtu.be/kOeARghNIaY

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    Buy The Anxious Generation:

    https://www.anxiousgeneration.com/book

    Follow the besties:

    https://twitter.com/chamath

    https://twitter.com/Jason

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    Follow on X:

    https://twitter.com/theallinpod

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    https://www.tiktok.com/@all_in_tok

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    https://www.linkedin.com/company/allinpod

    Intro Music Credit:

    https://rb.gy/tppkzl

    https://twitter.com/yung_spielburg

    Intro Video Credit:

    https://twitter.com/TheZachEffect

    Referenced in the show:

    https://www.anxiousgeneration.com/take-action

    https://www.azquotes.com/quote/1385350

    https://www.azquotes.com/quote/926752

    https://www.thecoddling.com/chapter-1-antifragility

    https://www.anxiousgeneration.com

    https://www.afterbabel.com

    https://letgrow.org

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    (47:06) SCOTUS overturns Chevron, limiting the power of federal agencies

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    Join/host a meetup: https://app.getriver.io/all-in

    Apply for All-In Summit: https://summit.allinpodcast.co

    Follow the besties:

    https://twitter.com/chamath

    https://twitter.com/Jason

    https://twitter.com/DavidSacks

    https://twitter.com/friedberg

    Follow on X:

    https://twitter.com/theallinpod

    Follow on Instagram:

    https://www.instagram.com/theallinpod

    Follow on TikTok:

    https://www.tiktok.com/@all_in_tok

    Follow on LinkedIn:

    https://www.linkedin.com/company/allinpod

    Intro Music Credit:

    https://rb.gy/tppkzl

    https://twitter.com/yung_spielburg

    Intro Video Credit:

    https://twitter.com/TheZachEffect

    Referenced in the show:

    https://www.predictit.org/markets/detail/7057/Who-will-win-the-2024-Democratic-presidential-nomination

    https://www.nytimes.com/2024/07/03/us/politics/biden-withdraw-election-debate.html

    https://polymarket.com/event/will-biden-drop-out-of-presidential-race?tid=1720024531014

    https://www.newsweek.com/putin-houthis-cruise-missiles-russia-yemen-1919434

    https://www.ft.com/content/d431b97f-7431-4066-bd80-9dab3b215fea

    https://www.axios.com/2024/06/30/top-aides-shielded-biden-white-house-debate

    https://www.foxnews.com/media/stephanopoulos-snaps-nikki-haley-saying-biden-wont-finish-term-excuse-me-how-do-you-know

    https://x.com/TheKevinDalton/status/1806669560852218045

    https://x.com/0rf/status/1807620571934478683

    https://www.cbsnews.com/news/supreme-court-social-media-laws-florida-texas

    https://www.supremecourt.gov/opinions/23pdf/22-277_d18f.pdf

    https://www.nbcnews.com/politics/supreme-court/supreme-court-justice-voting-decisions-2024-rcna151268

    https://www.supremecourt.gov/opinions/23pdf/22-451_7m58.pdf

    https://www.scotusblog.com/2024/06/supreme-court-strikes-down-chevron-curtailing-power-of-federal-agencies

    https://www.reuters.com/legal/us-supreme-court-hear-challenge-texas-age-verification-online-porn-2024-07-02

    https://x.com/noalpha_allbeta/status/1808265251202167183

    https://x.com/ewarren/status/1808241509738631388

    https://www.axios.com/2019/06/01/supreme-court-justices-ideology

    https://www.politico.com/news/magazine/2024/06/02/supreme-court-justice-math-00152188

    https://www.supremecourt.gov/opinions/23pdf/23-939_e2pg.pdf

    https://www.scotusblog.com/2024/07/justices-rule-trump-has-some-immunity-from-prosecution

    https://www.nbcnews.com/news/us-news/qanon-shaman-sentenced-3-years-role-capitol-riot-rcna5825

    https://x.com/unusual_whales/status/1808558981457326368

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    (0:00) Bestie intros!

    (1:54) Debate recap and analysis: Hot swap incoming?

    (16:53) Subverting democracy, power grab, Democratic party shakeup

    (36:43) Why tech job postings are down significantly from pre-COVID levels

    (42:43) OpenAI considering for-profit conversion

    (54:11) The problem with safety-focused AI startups

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    Intro Music Credit:

    https://rb.gy/tppkzl

    https://twitter.com/yung_spielburg

    Intro Video Credit:

    https://twitter.com/TheZachEffect

    Referenced in the show:

    https://www.predictit.org/markets/detail/7057/Who-will-win-the-2024-Democratic-presidential-nomination

    https://polymarket.com/event/will-biden-drop-out-of-presidential-race?tid=1719589320811

    https://youtu.be/R6hJh-OwoZw

    https://x.com/KellyO/status/1806505436457189594

    https://x.com/WesternLensman/status/1806660589315658003

    https://x.com/stoolpresidente/status/1806496453545586779

    https://fred.stlouisfed.org/series/IHLIDXUSTPSOFTDEVE

    https://www.theinformation.com/articles/openai-ceo-says-company-could-become-benefit-corporation-akin-to-rivals-anthropic-xai

    https://www.bloomberg.com/news/articles/2024-06-19/openai-co-founder-plans-new-ai-focused-research-lab

    https://www.youtube.com/watch?v=YMnkqY98Cyo

    https://x.com/benioff/status/1805664701298491623

    https://www.youtube.com/watch?v=CwQMMzoeH9s

    https://x.com/JoeBiden/status/1806739920255320347

    In conversation with President Trump

    In conversation with President Trump

    (0:00) Bestie intros: Big house talk!

    (1:37) Economy: Regulation, taxes, tariffs, taming inflation, de-dollarization

    (12:02) Federal debt: growth, spend control, where to cut, role of energy, nuclear

    (20:22) Foreign policy: Ukraine/Russia

    (25:05) Foreign policy: Israel/Palestine

    (28:13) Abortion: Stance on a national ban

    (31:09) Foreign policy: China

    (32:33) COVID: Origins, Fauci relationship, deep state, bad deals

    (39:39) Border: Wall, immigration, H-1Bs, recruiting global talent

    (46:07) JFK Files: Full release, importance of transparency

    (48:06) Debate prediction

    (50:15) Post-interview debrief

    Follow the besties:

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    https://www.linkedin.com/company/allinpod

    Intro Music Credit:

    https://rb.gy/tppkzl

    https://twitter.com/yung_spielburg

    Intro Video Credit:

    https://twitter.com/TheZachEffect

    Referenced in the show:

    https://x.com/tyler/status/1803872859938549920

    https://x.com/cameron/status/1803876953860247831

    https://x.com/LHSummers/status/1802097688269181436

    https://x.com/davidsacks/status/179888324567070746

    Elon gets paid, Apple's AI pop, OpenAI revenue rip, Macro debate & Inside Trump Fundraiser

    Elon gets paid, Apple's AI pop, OpenAI revenue rip, Macro debate & Inside Trump Fundraiser

    (0:00) Bestie intros: bringing up the energy!

    (8:48) Trump fundraiser recap

    (23:16) Elon's comp package approved by shareholders

    (40:12) Apple announces "Apple Intelligence" and ChatGPT deal at WWDC

    (50:17) OpenAI reportedly hits a $3.4B revenue run rate

    (1:05:26) Macro debate: State of the US economy?

    Follow Tim Naki:

    https://www.instagram.com/tim.naki

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    https://twitter.com/chamath

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    https://twitter.com/theallinpod

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    https://www.instagram.com/theallinpod

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    https://www.tiktok.com/@all_in_tok

    Follow on LinkedIn:

    https://www.linkedin.com/company/allinpod

    Intro Music Credit:

    https://rb.gy/tppkzl

    https://twitter.com/yung_spielburg

    Intro Video Credit:

    https://twitter.com/TheZachEffect

    Referenced in the show:

    https://www.instagram.com/tim.naki

    https://x.com/eoghan/status/1799161733766062545

    https://x.com/bennyjohnson/status/1800979079472288145

    https://x.com/bennyjohnson/status/1797086962626494840

    https://x.com/elonmusk/status/1801084780035154058

    https://x.com/jhall/status/1795794521604718814

    https://fortune.com/2024/06/10/elon-musk-pay-package-tesla-lawyers-delaware-chancery-payout-stock-award-56-billion

    https://companiesmarketcap.com

    https://www.youtube.com/watch?v=RXeOiIDNNek

    https://x.com/chiefaioffice/status/1801022115426009309

    https://trends.google.com/trends/explore?geo=US&q=%2Fg%2F11khcfz0y2&hl=en

    https://trends.google.com/trends/explore?q=%2Fg%2F11khcfz0y2&hl=en

    https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm

    https://fred.stlouisfed.org/series/FEDFUNDS

    https://www.jpmorgan.com/insights/outlook/economic-outlook/jobs-report-may-2024

    https://fred.stlouisfed.org/series/CES0500000003

    https://www.warren.senate.gov/imo/media/doc/2024.06.10%20Letter%20to%20Fed.%20re%20interest%20rates.pdf

    https://www.cnbc.com/2024/06/07/jobs-report-may-2024-us-job-gains-totaled-272000-in-may.html

    https://fred.stlouisfed.org/series/JTSJOL

    https://x.com/VinnyLingham/status/1801129023168454907

    https://www.reddit.com/r/wallstreetbets/comments/1aw5bbb/world_economy_on_nvidias_shoulders

    https://www.instagram.com/stocktradingmemes/p/C3qer-sSfb0/?img_index=1

    https://x.com/jameslavish/status/1801248976911634648

    https://x.com/peterfenton/status/1801300735520608529

    DOJ targets Nvidia, Meme stock comeback, Trump fundraiser in SF, Apple/OpenAI, Texas stock market

    DOJ targets Nvidia, Meme stock comeback, Trump fundraiser in SF, Apple/OpenAI, Texas stock market

    (0:00) Besties intros!

    (2:10) Responding to recent media coverage

    (17:58) DOJ/FTC strike deal to target Nvidia, OpenAI, and Microsoft

    (32:40) Meme stocks are back: Keith Gill aka Roaring Kitty resurfaces, disclosing nine figure position in GameStop

    (58:36) Citadel and BlackRock back TXSE to take on NYSE and Nasdaq

    (1:02:34) Apple to announce OpenAI iPhone deal at WWDC

    (1:09:07) Science Corner: Alarming ocean temps continue, what to expect for hurricane season

    Follow the besties:

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    https://www.linkedin.com/company/allinpod

    Intro Music Credit:

    https://rb.gy/tppkzl

    https://twitter.com/yung_spielburg

    Intro Video Credit:

    https://twitter.com/TheZachEffect

    Referenced in the show:

    https://www.youtube.com/watch?v=dQQhAg0mfF8

    https://x.com/vkhosla/status/1769529054955446533

    https://x.com/vkhosla/status/1796293773389127987

    https://x.com/shaunmmaguire/status/1796415146077954329

    https://x.com/DavidSacks/status/1798100723617698097

    https://x.com/SawyerMerritt/status/1798779830521000426

    https://www.nytimes.com/2024/06/05/technology/nvidia-microsoft-openai-antitrust-doj-ftc.html

    https://www.wsj.com/tech/ai/ftc-opens-antitrust-probe-of-microsoft-ai-deal-29b5169a

    https://companiesmarketcap.com

    https://www.youtube.com/watch?v=F9cO3-MLHOM

    https://www.politico.com/news/2024/05/29/newsom-california-artifical-intelligence-regulations-00160519

    https://www.reddit.com/user/DeepFuckingValue

    https://www.wsj.com/finance/regulation/e-trade-considers-kicking-meme-stock-leader-keith-gill-off-platform-f2003ec4

    https://x.com/TheRoaringKitty/status/1789807772542067105

    https://www.google.com/finance/quote/GME:NYSE

    https://www.youtube.com/watch?v=M-VO6dtFRes

    https://www.wsj.com/finance/regulation/keith-gills-gamestop-trades-pose-conundrum-for-market-cops-70cc5301

    https://www.macrotrends.net/stocks/charts/GME/gamestop/revenue

    https://www.wsj.com/finance/stocks/gamestop-burned-andrew-left-in-2021-hes-betting-against-the-stock-again-4377cecb

    https://www.nytimes.com/2022/05/18/business/melvin-capital-gamestop-short.html

    https://www.instagram.com/tim.naki/reels

    https://www.wsj.com/finance/regulation/new-texas-stock-exchange-takes-aim-at-new-yorks-dominance-e3b4d9ba

    https://listingcenter.nasdaq.com/assets/Board%20Diversity%20Disclosure%20Five%20Things.pdf

    https://www.bloomberg.com/news/articles/2024-06-05/why-is-apple-aapl-teaming-up-with-openai-both-companies-need-each-other

    https://x.com/leonsimons8/status/1793319395080520036

    Trump verdict, COVID Cover-up, Crypto Corner, Salesforce drops 20%, AI correction?

    Trump verdict, COVID Cover-up, Crypto Corner, Salesforce drops 20%, AI correction?

    (0:00) Bestie Intros: Jason's first show for his new production company

    (2:15) Why Sacks and Chamath are hosting a Trump fundraiser

    (18:40) House COVID investigation: findings, cover-up, what's next?

    (41:36) The Deep State Problem: unelected bureaucrats running three letter agencies for decades

    (53:04) Crypto Corner with Chamath

    (1:04:15) State of SaaS: Salesforce drops 20%, market teetering

    (1:20:10) Trump verdict: guilty on 34 counts of falsifying business records

    (1:37:36) Are we seeing an AI correction?

    Follow the besties:

    https://twitter.com/chamath

    https://twitter.com/Jason

    https://twitter.com/DavidSacks

    https://twitter.com/friedberg

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    https://twitter.com/theallinpod

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    https://www.instagram.com/theallinpod

    Follow on TikTok:

    https://www.tiktok.com/@all_in_tok

    Follow on LinkedIn:

    https://www.linkedin.com/company/allinpod

    Intro Music Credit:

    https://rb.gy/tppkzl

    https://twitter.com/yung_spielburg

    Intro Video Credit:

    https://twitter.com/TheZachEffect

    Referenced in the show:

    https://oversight.house.gov/release/new-select-subcommittee-report-recommends-ecohealth-alliance-president-debarred-and-criminally-investigated-exposes-failures-in-nih-grant-procedures

    https://oversight.house.gov/release/hearing-wrap-up-nih-repeatedly-refutes-ecohealth-alliance-president-dr-peter-daszaks-testimony-tabak-testimony-reveals-federal-grant-procedures-in-need-of-serious-reform

    https://www.axios.com/2021/07/20/fauci-rand-paul-wuhan-institute

    https://oversight.house.gov/release/breaking-hhs-suspends-funding-and-proposes-formal-debarment-of-ecohealth-alliance-cites-evidence-from-covid-select-report

    https://oversight.house.gov/release/breaking-hhs-to-debar-dr-peter-daszak-president-of-ecohealth-alliance

    https://x.com/emilyakopp/status/1795482121739354552

    https://x.com/R_H_Ebright/status/1795454118594568312

    https://www.youtube.com/watch?v=jGxSlW0NrB4

    https://www.cidrap.umn.edu/dual-use-research/feds-lift-gain-function-research-pause-offer-guidance

    https://www.washingtonpost.com/opinions/a-flu-virus-risk-worth-taking/2011/12/30/gIQAM9sNRP_story.html

    https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3484390

    https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(20)30418-9/fulltext

    https://oversight.house.gov/release/new-covid-select-memo-details-allegations-of-wrongdoing-and-illegal-activity-by-dr-faucis-senior-scientific-advisor

    https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit

    https://x.com/KatherineEban

    https://x.com/emilyakopp

    https://www.semafor.com/article/05/28/2024/a-dying-empire-led-by-bad-people-poll-finds-young-voters-despairing-over-us-politics

    https://www.youtube.com/watch?v=nvQTXAgtA6s

    https://s23.q4cdn.com/574569502/files/doc_financials/2025/q1/CRM-Q1-FY25-Earnings-Press-Release-w-financials.pdf

    https://www.investors.com/news/economy/federal-reserve-core-pce-inflation-gdp-q1-jobless-claims-sp-500

    https://www.nytimes.com/live/2024/05/30/nyregion/trump-trial-verdict

    https://www.google.com/finance/quote/DELL:NYSE

    https://www.bloomberg.com/news/articles/2024-05-30/us-gdp-grew-at-softer-pace-as-spending-inflation-marked-down

    Scarlett Johansson vs OpenAI, Nvidia's trillion-dollar problem, the "vibecession," plastic in our balls

    Scarlett Johansson vs OpenAI, Nvidia's trillion-dollar problem, the "vibecession," plastic in our balls

    (0:00) Bestie intros: Recapping "General AI Hospital"

    (2:46) Scarlett Johansson vs. OpenAI

    (14:37) OpenAI's novel off-boarding agreements, ex-employee equity problem, and safety team resignations

    (25:35) Nvidia crushes earnings again, but it faces a trillion-dollar problem

    (40:05) Understanding why economic sentiment is so negative among US citizens despite positive data

    (1:02:36) New study shows plastics in testicles

    Follow the besties:

    https://twitter.com/chamath

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    https://www.instagram.com/theallinpod

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    https://www.linkedin.com/company/allinpod

    Intro Music Credit:

    https://rb.gy/tppkzl

    https://twitter.com/yung_spielburg

    Intro Video Credit:

    https://twitter.com/TheZachEffect

    Referenced in the show:

    https://x.com/BobbyAllyn/status/1792679435701014908

    https://x.com/sama/status/1790075827666796666

    https://openai.com/index/how-the-voices-for-chatgpt-were-chosen

    https://www.washingtonpost.com/technology/2024/05/22/openai-scarlett-johansson-chatgpt-ai-voice

    https://x.com/SydSteyerhart/status/1792981291266138531

    https://www.vox.com/future-perfect/351132/openai-vested-equity-nda-sam-altman-documents-employees

    https://x.com/sama/status/1791936857594581428

    https://x.com/ilyasut/status/1790517455628198322

    https://x.com/janleike/status/1790603862132596961

    https://x.com/janleike/status/1791498184671605209

    https://openai.com/index/openai-announces-leadership-transition

    https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-first-quarter-fiscal-2025

    https://www.google.com/finance/quote/INTC:NASDAQ

    https://www.morningstar.com/stocks/nvidia-2023-vs-cisco-1999-will-history-repeat

    https://www.fool.com/investing/2024/03/06/is-nvidia-doomed-to-be-the-next-cisco-what-investo

    https://www.elitetrader.com/et/threads/nvidia-and-the-cautionary-tale-of-cisco-systems.379022

    https://chamath.substack.com/p/2023-annual-letter

    https://www.forbes.com/sites/theapothecary/2024/03/23/summers-inflation-reached-18-in-2022-using-the-governments-previous-formula

    https://www.theguardian.com/us-news/article/2024/may/22/poll-economy-recession-biden

    https://fred.stlouisfed.org/series/CCLACBW027SBOG

    https://x.com/KariLake/status/1792986501820850333

    https://www.stlouisfed.org/on-the-economy/2024/apr/how-big-mac-index-relates-overall-consumer-inflation

    https://www.google.com/finance/quote/MCD:NYSE

    https://www.wsj.com/economy/gdp-and-the-dow-are-up-but-what-about-american-well-being-87f90e6d

    https://www.consumerreports.org/health/food-contaminants/the-plastic-chemicals-hiding-in-your-food-a7358224781

    https://onlinelibrary.wiley.com/doi/10.1111/j.1365-2605.2007.00837.x

    https://pubmed.ncbi.nlm.nih.gov/12708228

    https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7559247

    https://pubmed.ncbi.nlm.nih.gov/21524797

    https://academic.oup.com/toxsci/advance-article/doi/10.1093/toxsci/kfae060/7673133

    https://www.youtube.com/watch?v=o6yuYkfNh-k

    https://www.youtube.com/watch?v=EYQjShJxCtM

    https://www.youtube.com/watch?v=r_4jrMwvZ2A

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