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    E130: DeSantis's Twitter Spaces, debt ceiling, Nvidia rips, state of VC, startup failure & more

    Government spending must be evaluated more rigorously to ensure it delivers tangible benefits, and increased scrutiny and fact-checking are necessary to address the influence of special interests and wasted funds.

    enMay 26, 2023

    About this Episode

    (0:00) Bestie intros!

    (3:03) Sacks goes behind the scenes on the DeSantis Twitter Spaces experience

    (28:18) Debt ceiling, government spending, and lack of accountability

    (40:44) Ways to force more government accountability, who really wins from higher taxes

    (57:46) Nvidia up 30% due to massive Q2 guidance, rebuilding and upgrading cloud infrastructure, understanding phases of value creation in technology

    (1:06:20) Adobe's new AI product, why they might have overpaid for Figma

    (1:11:43) State of Silicon Valley, VC, and startups; dealing with failure

    (1:33:36) Bestie wrap!

    Follow the besties:

    https://twitter.com/chamath

    https://linktr.ee/calacanis

    https://twitter.com/DavidSacks

    https://twitter.com/friedberg

    Follow the pod:

    https://twitter.com/theallinpod

    https://linktr.ee/allinpodcast

    Intro Music Credit:

    https://rb.gy/tppkzl

    https://twitter.com/yung_spielburg

    Intro Video Credit:

    https://twitter.com/TheZachEffect

    Referenced in the show:

    https://twitter.com/MarioNawfal

    https://twitter.com/joebiden/status/1661496322980028423

    https://www.wsj.com/articles/ron-desantis-presidential-campaign-twitter-announcement-ead63b25

    https://www.politico.com/news/2023/05/25/iowa-voters-dont-think-desantis-twitter-failure-is-real-life-00098777

    https://www.vanityfair.com/news/2023/05/ron-desantis-elon-musk-2024-announcement

    https://www.reuters.com/markets/us/fitch-puts-us-negative-credit-watch-2023-05-24/

    https://www.reuters.com/markets/us/slimmed-down-us-debt-ceiling-deal-takes-shape-sources-2023-05-25

    https://youtu.be/50MusF365U0

    https://www.bloomberg.com/news/articles/2023-05-23/pentagon-can-t-account-for-thousands-of-f-35-parts-the-gao-says

    https://fred.stlouisfed.org/series/FYFRGDA188S

    https://en.wikipedia.org/wiki/Authorization_for_Use_of_Military_Force_of_2001

    https://twitter.com/friedberg/status/1658163970979823616

    https://www.270towin.com/1980_Election

    https://www.google.com/finance/quote/NVDA

    https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-first-quarter-fiscal-2024

    https://twitter.com/carlquintanilla/status/1661761614918426624

    https://en.wikipedia.org/wiki/Huang%27s_law

    https://twitter.com/scottbelsky/status/1660992735040663553

    https://twitter.com/chamath/status/1661467059341914112

    https://www.globenewswire.com/en/news-release/2023/05/15/2669326/0/en/Rumble-Acquires-Podcasting-and-Live-Streaming-Platform-CallIn.html

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

    🔑 Key Takeaways

    • Power can subconsciously impact individuals' behavior, even in trivial matters such as hair, leading them to adopt unconventional styles as a means of expressing their authority.
    • The use of Twitter spaces for a presidential announcement showcased the power of social media platforms, citizen journalism, and audio formats in shaping public discourse while challenging traditional media.
    • Direct access to candidates and substantive discussions are vital for informed decision-making, highlighting the need for a shift in modern democracy away from traditional media reliance.
    • Engaging directly with political candidates and seeking out substantial content is crucial in making well-informed decisions, rather than relying on superficial campaign tactics.
    • Allowing traditionally unheard voices to participate in discussions and clarifying controversies can enhance the impact of events like Twitter Spaces.
    • It is crucial to engage in thoughtful discussions and consider different viewpoints rather than immediately dismissing opposing opinions or jumping to extreme conclusions.
    • The 14th amendment may provide a possible solution for the US debt ceiling issue, but its implementation could have both positive and negative effects on governance and fiscal policies.
    • The US government needs to prioritize transparency, accountability, and responsible decision-making to tackle economic challenges like deficits and debt accumulation effectively.
    • The federal government's lack of accountability in fiscal management, with unbalanced budgets and unchecked military spending, calls for revenue limitation, spending guidelines, and sensible foreign policies, despite opposition to austerity measures.
    • The debate over addressing budget deficit and government revenue revolves around refinancing debt, utilizing inflation, minimizing government revenue, or controlling spending and avoiding high tax rates to encourage economic activity.
    • Government spending must be evaluated more rigorously to ensure it delivers tangible benefits, and increased scrutiny and fact-checking are necessary to address the influence of special interests and wasted funds.
    • While social programs aim to benefit those in need, wealth transfer also extends to sectors like corporate welfare. The United States' entrepreneurial drive plays a vital role in economic resilience, requiring focus on the bigger picture rather than minor disagreements.
    • Nvidia's dominance in GPUs and the rising demand for AI training models highlights the significant role of GPUs in driving economic growth while raising concerns about high valuation and potential competition.
    • The real profits in the AI market are not in chip-making but in device and software companies, but it takes time for the value to shift from one to the other.
    • The decision for Adobe to acquire Figma for $20 billion is uncertain, as market conditions, availability of alternative solutions, and generative AI impact its viability.
    • While AI startups continue to attract investment, non-AI startups face challenges in a tough economic environment. Investors are becoming more cautious and expect to see revenue and standard metrics before providing substantial funding. Startups should focus on cost-cutting and realistic growth strategies.
    • Founders must consider their growth rate and eligibility for venture capital, and be strategic in their approach to funding and growth by assessing alternative models and ensuring experienced board members guide them through challenges.
    • Resilience is essential in Silicon Valley. Separating personal identity from work and seeking support from loved ones can help navigate difficult times and pave the way for future success.
    • Success in entrepreneurship and investing requires resilience and persistence, as failures and setbacks are common. However, by staying focused and seizing moments of success, one can ultimately overcome challenges and achieve growth.
    • Despite challenges and setbacks, entrepreneurs and investors can still thrive by adapting their mindset and approach, remaining optimistic, and making necessary adjustments for future growth.
    • Tesla's Model Y is highly praised and predicted to be the best-selling car in America. The conversation also highlights admiration for the original roadster and model S signature series, as well as excitement for upcoming cyber truck and roadster models.

    📝 Podcast Summary

    The Subconscious Influence of Power on Hairstyles

    Power can influence people's behavior, even in seemingly trivial matters like hair. The conversation starts with a lighthearted exchange about hair, but it evolves into a discussion about how individuals close to power often exhibit more eccentric hairstyles. The examples of Graydon Carter, Steve Bannon, and Donald Trump are cited as evidence. The conversation also touches on the concept of self-care and how it can become increasingly important when dealing with intense situations. Overall, the conversation highlights the idea that power can have a subconscious effect on individuals, causing them to express themselves in unconventional ways.

    Twitter Spaces: A Revolutionary Platform for Presidential Announcements

    The use of Twitter spaces for a presidential announcement was a groundbreaking and innovative approach. Despite technical difficulties and overwhelming interest, the event attracted over 700,000 people and reached a new level of scale. This demonstrated the power of social media platforms like Twitter in divorcing ourselves from traditional mainstream media and allowing direct access to the source. The event showcased the potential of citizen journalism, podcasting, and audio formats in shaping public discourse. Additionally, the calm and composed demeanor of DeSantis during the technical difficulties highlighted his ability to roll with the punches and maintain his focus on the announcement. Overall, this event marked an important moment in reevaluating the role of traditional media and embracing new communication channels.

    The Power of Digital Platforms in Revolutionizing Politics

    Traditional media outlets reacted with negativity and sensationalism towards Elon Musk's political rally, but the actual response from viewers and voters was much more positive. Despite technical difficulties and delayed start, millions of people were engaged and activated to hear what was being said. This event provided a platform for long-form discussions and deeper understanding of political candidates, rather than relying on short sound bites and advertisements. It highlighted the need for a shift in modern democracy, where voters can have direct access to candidates and make informed decisions based on substantive discussions rather than manipulated messages. This conversation demonstrated the power of digital platforms in revolutionizing politics and challenging the dominance of traditional media.

    The Importance of Meaningful Engagement in Politics

    There is a need for more meaningful engagement with political candidates in order to make better-informed decisions. It is highlighted that the current political landscape is driven by driving narratives, sound bites, and emotional reactions, which may not provide a comprehensive understanding of a candidate's policies and perspectives. The conversation discusses the importance of platforms like podcasts and Twitter for politicians to directly communicate with the public and for individuals to consume content that allows for a deeper evaluation. There is a suggestion to have more uncensored and challenging discussions, where candidates can address questions from a diverse range of people, including those who may hold differing political views. Ultimately, the conversation emphasizes the potential for more inclusive and informative political events and encourages individuals to seek out substantial content rather than relying on superficial campaign tactics.

    The significance of Twitter Spaces discussion and the challenge of managing high-profile participants like Elon Musk.

    Powerful people showed up for the Twitter Spaces discussion, indicating its significance. The presence of influential individuals like Bill Ackman and Elon Musk highlights the interest and potential impact of the event. However, managing such a format with high-profile participants like Elon can be a challenge, as people have various expectations and want the opportunity to ask questions. It is suggested that allowing other individuals, traditionally not given the chance, to participate and ask questions could be beneficial. Additionally, the conversation touched on the controversy surrounding book banning in Florida, clarifying that while no books have been banned, there is a discussion about what is taught in the curriculum and included in school libraries.

    The Debate Over Book Inclusion in School Curricula and the Importance of Understanding Different Perspectives.

    There is a debate surrounding the inclusion and exclusion of certain books in school curricula. The right argues that it is not censorship but rather a necessary choice to limit the curriculum. The left frames it as book banning, while the truth is that these books are not being used in specific age groups but can still be accessed by parents outside of school. This discussion revolves around the idea of parental control and deciding what is appropriate for their children. Additionally, the media's role in shaping narratives and deliberately disqualifying politicians like DeSantis is highlighted. The conversation emphasizes the need for thoughtful discussions and understanding different perspectives rather than jumping to extreme conclusions or dismissing opposing viewpoints.

    The US debt ceiling dilemma: Exploring potential consequences, credit downgrades, and the debate over utilizing the 14th amendment.

    The US debt ceiling is a pressing concern with potential consequences for the economy. The Treasury Department's recent warning about the inability to pay bills by June 1 and Fitch putting the US credit rating on negative watch highlight the seriousness of the situation. However, there is disagreement on the impact of credit downgrades, with some dismissing their significance. The conversation also explores the possibility of President Biden utilizing the 14th amendment to pass a budget via executive order, bypassing Congress. This move would have both benefits and drawbacks, allowing future presidents to avoid being held hostage by Congress but potentially undermining consensus-building and exacerbating spending or austerity tendencies. Ultimately, it is uncertain whether the 14th amendment can be a viable solution to the debt ceiling dilemma.

    Addressing concerns over government spending and the debt limit through a more efficient budget process and responsible decision-making.

    There are concerns about the government's spending and the debt limit. It is clear that there is a need for a more efficient budget process to address these issues. One suggestion is to raise the debt limit before spending, so that Congress has to vote on whether they want a deficit or debt spend before deciding how much to spend. Additionally, there is a growing risk in the US due to the large deficits and debt accumulation, which can lead to inflation and crowding out of private investment. The conversation also highlights the lack of accountability in defense spending and the influence of the military-industrial complex. Overall, there is a need for greater transparency and responsible decision-making to address the economic challenges facing the country.

    Lack of Accountability: Addressing Fiscal Disparities and Unchecked Spending in the Federal Government

    There is a lack of accountability in how the federal government operates its fiscal condition. Despite huge budget disparities, with the military receiving significantly more funding than other essential services, the government struggles to provide basic services to its citizens. The Pentagon's inability to pass an audit and the acceptance of unbalanced budgets demonstrate this issue of accountability. Additionally, the allocation of funds for optional wars, such as in Ukraine, being treated as separate from the defense budget, allows for unchecked spending. To address this problem, there needs to be a focus on revenue limitation by minimizing taxation while also implementing spending guidelines and sensible foreign policies. However, discussions of austerity and cutting benefits face significant opposition.

    Exploring Different Approaches to Tackling Budget Deficit and Government Revenue

    There are differing opinions on how to address the budget deficit and government revenue. David Friedberg emphasizes the need to refinance debt and push out maturities, as well as taking advantage of inflation to pay off short-term maturities. He also suggests minimizing government revenue. On the other hand, others, like John Quincy Adams, argue for balancing the budget and starving the beast by controlling spending instead of raising taxes. They believe that high tax rates can curtail economic activity and incentivize wealthy individuals to find ways to avoid or leave the country. Ultimately, the conversation highlights the ongoing debate between different approaches to addressing the budget deficit and funding government programs.

    Examining the Lack of Accountability and Transparency in Government Spending and the Need for Reform

    There is a lack of accountability and transparency in government spending, leading to a significant amount of wasted funds. While some programs may have positive impacts, such as TARP and DOE loans for companies like Tesla, they represent only a minority of the dollars allocated. The rest of the money often ends up in the pockets of shareholders, donors, and employees without driving job growth or productivity. The conversation highlights the need for a more rigorous evaluation of government programs and their returns. It also exposes the influence of special interests and lobbying in decision-making processes. To address this issue, there is a call for increased scrutiny, fact-checking, and a focus on spending that delivers tangible benefits.

    Examining Wealth Transfer, Social Programs, and the Role of Entrepreneurship in the United States

    There is a system of wealth transfer happening through social programs, but the question is whether the wealth is going to the intended groups. It is acknowledged that the transfer of wealth benefits individuals in need and supports those who society intends to help, but it is not just limited to poor individuals. Corporate welfare and special interests also benefit from this system. However, the discussion also highlights the importance of entrepreneurship and capitalism in bailing out the country during economic crises. The United States has a vibrant entrepreneurial drive that allows it to build global corporations, which contributes to its economic resilience. Despite concerns about deficits and spending, the focus should be on the larger picture rather than fighting over small percentages.

    Nvidia's GPUs and the AI-driven data center boom fuel its success and contribute to US economic growth.

    Nvidia's dominance in GPUs and the boom in AI-driven data centers are significant factors driving the company's success and America's economic growth. The conversation highlights the increasing demand for GPUs in training AI models and the shift towards businesses building their own data centers. This surge in demand has led to Nvidia's stock price rising and its market cap surpassing one trillion dollars. However, concerns arise regarding the high valuation and potential competition in the market. The conversation emphasizes the importance of understanding the role of GPUs in AI technology and the opportunities they present for both Nvidia and the American economy.

    Phased Approach to Value Creation in AI: From Chip Companies to Device and Software Companies

    The value creation in the field of AI follows a phased approach, similar to the mobile internet market. Initially, chip companies like Nvidia are the ones to benefit, as they provide the fundamental capabilities required for AI applications. However, as the market matures, the profits in chip-making get distributed among various competitors, leading to compressed margins. The real value accrues to device companies like Google, Facebook, and Apple, as well as software and services companies. These companies establish a strong moat and create significant profits. It is important to recognize that this process takes time, usually around five to seven years. Therefore, while the hype around chip companies like Nvidia may be significant in the short term, the smart money will eventually move to the next opportunity.

    The Uncertainty Surrounding the Acquisition of Figma by Adobe

    The speakers touched on various topics ranging from lawsuits to fashion to hair styles. However, amidst the casual banter, the conversation eventually focused on the acquisition of Figma by Adobe. There was a discussion about whether Adobe should proceed with the $20 billion acquisition or reconsider due to changing market conditions and the availability of alternative solutions. The speakers debated the possibilities of replicating Figma's features and the potential impact of generative AI on catching up with its feature set. Additionally, the conversation mentioned the slowdown in VC funding, which could affect the spending habits of companies. Ultimately, the key takeaway is that the viability of the Figma acquisition by Adobe is uncertain and depends on various factors such as market dynamics and alternative solutions.

    The Contrasting Realities of Silicon Valley: Thriving AI Startups and Struggling Non-AI Startups

    The current state of Silicon Valley and tech industry is a tale of two cities. On one hand, AI startups are thriving and attracting a lot of investment, creating a frothy and potentially bubbly market. On the other hand, non-AI startups, especially those that raised significant funding in the past, are struggling in a tough economic environment. Sales are slipping, deals are taking longer, and buyers are becoming more cost-conscious. AI startups still have the advantage of being able to attract investment based on the dream rather than solid metrics, but cautiousness is starting to set in. As funding rounds progress, investors increasingly expect to see revenue and standard metrics before providing substantial funding. The conversation also highlights the risks of overvaluing startups and the importance of cost-cutting and realistic growth strategies.

    Understanding Venture Capital and Alternative Models for Business Success

    Founders need to understand their eligibility for venture capital and be aware of alternative models that can make their business work. If a startup is only growing at a moderate pace, it may not be VC backable and should consider pivoting towards becoming a cash flow positive business. It is important for founders to assess their growth rate and determine if they can continue to be VC backed. Furthermore, board governance plays a crucial role in a company's success, and founders should be cautious about who they appoint to their boards. In challenging times, having experienced board members who understand the industry and potential obstacles can provide valuable guidance. Overall, this conversation highlights the need for founders to be strategic and adaptable in their approach to funding and growth.

    Building Resilience and Integrity in the Face of Failure

    Many entrepreneurs and investors are experiencing the pressure of declining value and uncertainty in the market. It is important to acknowledge that this pain is not unique and that failure is a normal part of the process in Silicon Valley. How individuals handle these difficult times and maintain integrity and thoughtfulness towards others speaks to their character and ability. Building resilience during times of failure is essential, as it sets one up for success in the future. Separating one's identity from their startup and finding balance outside of work can help mitigate the devastation when things go wrong. Despite the challenging circumstances, it is crucial to continue pushing forward and surrounding oneself with loved ones for support.

    The Importance of Resilience in Entrepreneurship and Investing

    In entrepreneurship and investing, it's vital to stay in the game and keep grinding. Success often comes after a series of failures and setbacks. Just like in poker, where a mid-level player is expected to reach the final table in only 1% of tournaments, entrepreneurs and investors must be resilient in the face of numerous losses and setbacks. Even though most outcomes may not be home runs, it's important to keep building, stay focused, and seize those few punctuated moments of success that can make up for all the challenges. Distribution and reaching millions of users is crucial for a successful consumer product, and finding the right partnerships and opportunities can help achieve that growth.

    Navigating the Shifting Tides of Entrepreneurship in Silicon Valley

    Silicon Valley is currently experiencing a shift in entrepreneurial psychology. Many individuals who have had repeated successes in the past are now facing challenges and setbacks. The traditional formula for success no longer seems to work, leading to frustration and a heavy blanket of humility. However, despite these struggles, there is still room for progress and innovation in the future. While the tides have shifted, opportunities to build and innovate are not disappearing. It's important for entrepreneurs and investors to adapt their mindset and approach in order to navigate through this challenging time. By remaining optimistic, putting on their game faces, and making necessary adjustments, they can increase their chances of survival and future growth.

    The Exceptional Quality and Desirability of Tesla's Cars

    The model Y car from Tesla is highly praised and considered to be the best car ever made. It is predicted to be the best-selling car in America, with its affordable base price and incentives. The conversation also highlights the admiration for the original roadster and model S signature series, with some individuals receiving significant offers for their numbered editions. Additionally, there is excitement and anticipation for the upcoming cyber truck and roadster models. Overall, this conversation emphasizes the exceptional quality and desirability of Tesla's cars, as well as the speaker's passion for collecting and enjoying these vehicles.

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    https://twitter.com/chamath

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    Follow Sheryl:

    https://twitter.com/sherylsandberg

    Watch Screams Before Silence:

    https://www.youtube.com/watch?v=zAr9oGSXgak&rco=1

    Follow the besties:

    https://twitter.com/chamath

    https://twitter.com/Jason

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    https://twitter.com/friedberg

    Follow on X:

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    https://www.youtube.com/watch?v=zAr9oGSXgak&rco=1

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    https://twitter.com/naveengrao/status/1781491370114633816

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    https://thehill.com/business/4615452-ftc-votes-to-ban-non-compete-agreements

    https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes

    https://www.techemails.com/p/steve-jobs-emails-adobes-ceo

    https://venturebeat.com/business/how-steve-jobs-felt-betrayed-by-eric-schmidt-over-googles-android

    https://www.youtube.com/watch?v=CWOt9Cjq2mw

    https://www.theverge.com/2024/4/24/24139036/biden-signs-tiktok-ban-bill-divest-foreign-aid-package

    https://abcnews.go.com/Politics/senate-returns-95b-foreign-aid-package-ukraine-israel/story?id=109506150

    https://www.cnbc.com/2023/12/06/tiktok-parent-bytedance-offers-share-buyback-at-268-billion-valuation.html

    https://www.theinformation.com/articles/bytedance-exploring-scenarios-for-selling-tiktok-without-algorithm?rc=pxkrxo

    https://www.aclu.org/press-releases/senate-reauthorizes-and-expands-section-702-surveillance

    https://twitter.com/DavidSacks/status/1783220583075111401

    https://www.wsj.com/tech/tiktok-ban-chinese-owners-bytedance-1a857a06

    https://x.com/MsMelChen/status/1783524423963697262

    https://x.com/Jason/status/1783556155924705388

    https://x.com/Jason/status/1783604248569360516

    https://www.atr.org/biden-calls-for-44-6-capital-gains-tax-rate-highest-capital-gains-tax-since-its-creation-in-1922

    https://home.treasury.gov/system/files/131/General-Explanations-FY2025.pdf

    https://www.bloomberg.com/news/articles/2024-04-24/tax-on-rich-to-save-social-security-popular-with-swing-state-voters-poll

    https://balajis.com/p/all-it-takes-is-all-you-got

    https://twitter.com/maceskridge/status/1783290784311058788

    Google fires protestors, NPR chaos, Humane's AI Pin, Startup tax crisis, sports betting scandal

    Google fires protestors, NPR chaos, Humane's AI Pin, Startup tax crisis, sports betting scandal

    (0:00) Bestie Intros: Chamath recaps the Breakthrough Prize Ceremony, "High IQ foods"

    (9:49) All-In Summit update, Poker styles of Andrew Robl, Jason Koon, and Phil Hellmuth  

    (14:38) Google fires protestors

    (35:08) Chaos and culture wars at NPR

    (40:43) Humane's AI Pin: Marques Brownlee's review, the Ex-Apple issue, polarizing reactions

    (1:02:28) Startup tax crisis: How a recent provision upended R&D deductions

    (1:12:39) Sports betting scandal: NBA player Jontay Porter banned for life, explosion of sports betting in the US

    (1:23:33) How to get better at chess, childhood Bestie schemes

    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://twitter.com/NoTechApartheid/status/1780278895058518468

    https://www.cnbc.com/2024/04/17/google-workers-arrested-after-nine-hour-protest-in-google-cloud-ceos-office.html

    https://www.notechforapartheid.com

    https://www.theverge.com/2024/4/17/24133700/google-fires-28-employees-protest-israel-cloud-contract

    https://twitter.com/CollinRugg/status/1779914595156808045

    https://www.haaretz.com/israel-news/2024-04-11/ty-article-magazine/.premium/saying-what-cant-be-said-israel-has-been-defeated-a-total-defeat/0000018e-cdab-dba9-a78e-efef6ba10000

    https://www.wsj.com/world/middle-east/israel-wins-gaza-battles-but-risks-losing-the-war-c6a3823f

    https://www.cnn.com/2024/01/19/middleeast/eisenkot-netanyahu-israel-war-politics-gaza-intl/index.html

    https://www.youtube.com/watch?v=3-APSXZy9UI

    https://www.nytimes.com/2024/04/02/world/middleeast/israel-gaza-aid-workers-killed.html

    https://www.haaretz.com/israel-news/2024-03-31/ty-article-magazine/.premium/israel-created-kill-zones-in-gaza-anyone-who-crosses-into-them-is-shot/0000018e-946c-d4de-afee-f46da9ee0000

    https://www.haaretz.com/israel-news/2023-12-15/ty-article/.premium/israeli-army-says-killed-three-hostages-mistakenly-identified-as-threat-in-northern-gaza/0000018c-6edd-dbd5-a39c-ffff08470000

    https://www.nytimes.com/2024/02/06/world/middleeast/israel-idf-soldiers-war-social-media-video.html

    https://twitter.com/JustStop_Oil/status/1580883249228046336

    https://www.npr.org/2024/01/24/1226035539/npr-ceo-katherine-maher-wikimedia

    https://www.npr.org/about-npr/178659563/our-mission-and-vision

    https://www.thefp.com/p/npr-editor-how-npr-lost-americas-trust

    https://www.npr.org/sections/npr-extra/2024/04/12/1244456600/from-npr-president-and-ceo-katherine-maher-thoughts-on-our-mission-and-our-work

    https://twitter.com/realchrisrufo

    https://twitter.com/wokal_distance/status/1780695504210567335

    https://www.theinformation.com/articles/has-humane-created-the-next-iphone-or-the-next-google-glass

    https://humane.com

    https://www.youtube.com/watch?v=TitZV6k8zfA

    https://www.youtube.com/watch?v=6xWXRk3yaSw

    https://www.amazon.com/Anxious-Generation-Rewiring-Childhood-Epidemic/dp/0593655036

    https://www.amazon.com/Nexus-Trilogy-Book-1-ebook/dp/B00TOZI7FM

    https://www.amazon.com/Bad-Therapy-Kids-Arent-Growing/dp/0593542924

    https://www.wsj.com/sports/basketball/jontay-porter-banned-gambling-5dd9c1a8

    https://nypost.com/2024/04/17/sports/how-jontay-porter-orchestrated-failed-nba-gambling-scandal

    https://dknetwork.draftkings.com/2024/1/31/24054415/lebron-james-joins-draftkings-football-sports

    https://www.espn.com/espn/betting/story/_/id/39563784/sports-betting-industry-posts-record-11b-2023-revenue

    https://www.espn.com/nba/story/_/id/38386013/how-nba-new-rules-resting-stars-work

    https://www.youtube.com/watch?v=U2huVf1l4UE

    E174: Inflation stays hot, AI disclosure bill, Drone warfare, defense startups & more

    E174: Inflation stays hot, AI disclosure bill, Drone warfare, defense startups & more

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

    (0:00) Bestie Intros: J-Cal is out this week!

    (0:57) All-In Summit 2024 Announcement

    (3:10) Nvidia's market position, Collapse of Western cities, State of the cloud market

    (17:30) Inflation stays hotter than expected for the third straight month: chance of a HIKE instead of a cut?

    (45:41) AI disclosure bill: important step for creators or unnecessary?

    (1:06:27) Drone warfare: The future of war, Silicon Valley's defense decision

    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://summit.allinpodcast.co

    https://youtu.be/FgUKIRnxrxw

    https://laist.com/news/kpcc-archive/election-2014-prop-47-reduces-drug-and-property-cr

    https://www.sfchronicle.com/sf/article/san-francisco-election-progressives-18699100.php

    https://www.cnbc.com/2024/04/10/cpi-inflation-march-2024-consumer-prices-rose-3point5percent-from-a-year-ago-in-march.html

    https://www.investing.com/economic-calendar/core-cpi-736

    https://www.investing.com/economic-calendar/cpi-733

    https://twitter.com/LHSummers/status/1778093870271664291

    https://www.wsj.com/economy/inflation-march-cpi-report-interest-rate-239b7e5e

    https://twitter.com/LHSummers/status/1762607548828360798

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

    https://twitter.com/chamath/status/1778098007625572487

    https://www.city-journal.org/article/lisa-d-cooks-careless-scholarship

    https://www.cnbc.com/2024/04/08/biden-will-announce-details-of-new-student-loan-forgiveness-plan.html

    https://www.livemint.com/news/world/bidens-4-5-trillion-spending-plan-faces-deficit-test-11619956141365.html

    https://twitter.com/unusual_whales/status/1778479545613439455

    https://www.cnbc.com/2024/03/01/the-us-national-debt-is-rising-by-1-trillion-about-every-100-days.html

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

    https://twitter.com/chamath/status/1777017715846455470/photo/1

    https://schiff.house.gov/news/press-releases/rep-schiff-introduces-groundbreaking-bill-to-create-ai-transparency-between-creators-and-companies

    https://schiff.house.gov/imo/media/doc/the_generative_ai_copyright_disclosure_act.pdf

    https://www.cnbc.com/2024/04/05/billie-eilish-nicki-minaj-200-artists-sign-letter-against-ai-music.html

    https://www.theverge.com/2024/4/6/24122915/openai-youtube-transcripts-gpt-4-training-data-google

    https://abcnews.go.com/Entertainment/jury-reaches-verdict-ed-sheeran-copyright-infringement-case/story

    https://www.youtube.com/watch?v=xG1vOxwgqJw

    https://twitter.com/sambendett/status/1774074927437475862

    https://www.reuters.com/world/europe/ukraine-produce-one-million-drones-next-year-zelenskiy-says-2023-12-19

    https://www.businessinsider.com/russia-has-seven-drones-every-one-ukraine-has-army-official-2023-12

    https://www.nytimes.com/2024/03/12/world/europe/ukraine-drone-russia-jamming.html

    https://www.politico.com/news/2023/12/19/missile-drone-pentagon-houthi-attacks-iran-00132480

    https://www.saildrone.com

    https://govciomedia.com/dod-seeks-to-grow-partnerships-with-silicon-valley-startups

    https://www.statista.com/statistics/1249871/share-of-the-global-lithium-ion-battery-manufacturing-capacity-by-country

    https://www.militaryaerospace.com/power/article/14072339/emp-high-power-electromagnetic-weapons-railguns-microwaves

    https://www.allencontrolsystems.com

    https://www.allencontrolsystems.com/bullfrog

    E173: Google buying HubSpot? FTX depositors not made whole, AI job fears, Ukraine joining NATO

    E173: Google buying HubSpot? FTX depositors not made whole, AI job fears, Ukraine joining NATO

    (0:00) Meet All-In's new CEO: Jon Haile!

    (7:13) FTX Correction: Depositors are not getting "made whole"

    (19:26) Trump Media updates

    (27:12) Google considering bid to acquire HubSpot: Price, relevancy, feasible with regulators? Should Google investors be worried or excited?

    (49:20) AI job loss fears go mainstream, potential for autonomous domestic robots in next five years

    (1:11:17) Blinken says Ukraine will join NATO: WW3 risk, election implications

    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.cnbc.com/2024/03/27/sbf-team-argues-for-5-6-year-sentence-ftx-customers-to-get-money-back.html

    https://www.axios.com/2024/02/06/ftx-repay-customers-creditors-investors

    https://www.reuters.com/technology/ftx-gets-court-approval-sell-crypto-assets-2023-09-13

    https://www.reuters.com/technology/ftx-expects-us-reduce-bankruptcy-claim-3-billion-5-billion-2024-03-21

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

    https://www.barrons.com/articles/djt-truth-social-trump-media-stock-price-earnings-4ad7c458

    https://www.barrons.com/articles/djt-truth-social-trump-media-stock-price-today-d2249f43

    https://www.theguardian.com/us-news/2024/apr/03/trump-media-es-family-trust-2022-loans

    https://www.nytimes.com/2024/04/03/business/trump-media-insider-trading-guilty.html

    https://twitter.com/mtaibbi/status/1619029772977455105

    https://nypost.com/2023/01/28/left-wing-think-tank-responsible-for-fake-russia-stories

    https://www.reuters.com/markets/deals/google-parent-alphabet-weighs-offer-hubspot-sources-say-2024-04-04

    https://www.macrotrends.net/stocks/charts/HUBS/hubspot/revenue

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

    https://www.statista.com/statistics/266249/advertising-revenue-of-google

    https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitions_by_Alphabet

    https://ir.hubspot.com/news/hubspot-reports-q4-and-full-year-2023-results

    https://twitter.com/thedailyshow/status/1774995166778020059

    https://www.klarna.com/international/press/klarna-ai-assistant-handles-two-thirds-of-customer-service-chats-in-its-first-month

    https://www.forbes.com/sites/mikepatton/2014/12/30/a-historical-look-at-the-components-of-u-s-gdp-1929-to-2011

    https://timesmachine.nytimes.com/timesmachine/1983/06/02/issue.html

    https://m.imdb.com/name/nm0001394/mediaviewer/rm2226878976

    https://twitter.com/lina_colucci/status/1775668500931268665

    https://twitter.com/tsarnick/status/1748923998052975099

    https://twitter.com/Figure_robot/status/1767913661253984474

    https://twitter.com/elonmusk/status/1746964887949934958

    https://www.geckorobotics.com/company/robots

    https://twitter.com/DavidSacks/status/1775926842257813910

    https://www.politico.eu/article/ukraine-great-risk-front-line-collapse-war-russia

    https://www.politico.eu/article/emmanuel-macron-ukraine-western-troops-remarks

    https://www.state.gov/secretary-antony-j-blinken-and-ukrainian-foreign-minister-dmytro-kuleba-before-their-meeting-10

    E172: SBF gets 25 years, Trump's meme stock, RFK Jr picks VP, Biden's 2025 budget & more

    E172: SBF gets 25 years, Trump's meme stock, RFK Jr picks VP, Biden's 2025 budget & more

    (0:00) Bestie Intros: Late night poker snacks!

    (2:33) SBF sentenced to 25 years

    (16:41) Trump's meme SPAC: modern trading card, protest vote, or something else?

    (34:59) RFK Jr. selects Nicole Shanahan as VP

    (47:46) Biden's budget plan for 2025: how to confront America's existential crisis?

    (1:11:59) Science Corner: Why the price of cocoa has skyrocketed!

    (1:16:41) Movie talk and wrap!

    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

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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://www.reuters.com/technology/sam-bankman-fried-be-sentenced-multi-billion-dollar-ftx-fraud-2024-03-28

    https://www.cnbc.com/2024/03/25/ftx-estate-sells-majority-stake-in-startup-anthropic-for-884-million.html

    https://coingeek.com/ftx-founder-sam-bankman-fried-sentenced-to-25-years-in-prison

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

    https://www.sec.gov/Archives/edgar/data/1849635/000119312524036093/d408563ds4a.htm

    https://www.sec.gov/news/press-release/2023-121

    https://apnews.com/article/trump-media-gamestop-truth-social-meme-stock-666e62b4f3f788bd6276764056bc7c0d

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

    https://www.reddit.com/r/wallstreetbets/comments/lau37c/we_can_stay_retarded_longer_than_you_can_stay

    https://www.wsj.com/politics/elections/rfk-jr-to-name-nicole-shanahan-as-running-mate-for-presidential-bid-4b9a698e

    https://twitter.com/CollinRugg/status/1773147897439436939

    https://www.cnbc.com/2024/03/01/the-us-national-debt-is-rising-by-1-trillion-about-every-100-days.html

    https://www.reuters.com/world/us/bidens-2024-us-government-budget-is-also-campaign-pitch-2024-03-11

    https://www.whitehouse.gov/wp-content/uploads/2024/03/budget_fy2025.pdf

    https://manhattan.institute/article/the-limits-of-taxing-the-rich

    https://www.brookings.edu/wp-content/uploads/2016/06/09_effects_income_tax_changes_economic_growth_gale_sawick.pdf

    https://fred.stlouisfed.org/series/FYFRGDA188S

    https://fred.stlouisfed.org/series/FYONGDA188S

    https://www.oecd.org/tax/revenue-statistics-united-states.pdf

    https://www.visualcapitalist.com/inflation-chart-tracks-price-changes-us-goods-services

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

    https://www.blackrock.com/corporate/investor-relations/larry-fink-annual-chairmans-letter

    https://www.kakaoplattform.ch/about-cocoa/cocoa-facts-and-figures

    https://www.movieposters.com/products/daliland-mpw-138836

    https://twitter.com/stillgray/status/1773234188663054751

    https://twitter.com/elonmusk/status/1773240336292393144

    E171: DOJ sues Apple, AI arms race, Reddit IPO, Realtor settlement & more

    E171: DOJ sues Apple, AI arms race, Reddit IPO, Realtor settlement & more

    (0:00) Bestie Intros: Don't spoil Dune 2!

    (0:55) DOJ drops antitrust suit on Apple

    (23:36) Apple reportedly in talks with Google and OpenAI to power AI features on iPhone

    (32:17) NAR settlement: how it impacts residential real estate going forward

    (44:30) Microsoft's "Shadow Acquihire" of Inflection AI

    (48:43) How the besties would deploy $40B in AI as a sovereign wealth fund

    (1:01:57) Reddit IPO: is risk-on back?

    (1:07:17) Science Corner(s): Universe expansion, first pig kidney transplant in human, Neuralink

    Follow the besties:

    https://twitter.com/chamath

    https://twitter.com/Jason

    https://twitter.com/DavidSacks

    https://twitter.com/friedberg

    Follow the pod:

    https://twitter.com/theallinpod

    https://linktr.ee/allinpodcast

    Intro Music Credit:

    https://rb.gy/tppkzl

    https://twitter.com/yung_spielburg

    Intro Video Credit:

    https://twitter.com/TheZachEffect

    Referenced in the show:

    https://storage.courtlistener.com/recap/gov.uscourts.njd.544402/gov.uscourts.njd.544402.1.0_3.pdf

    https://www.justice.gov/opa/pr/justice-department-sues-apple-monopolizing-smartphone-markets

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

    https://www.bloomberg.com/news/articles/2024-03-18/apple-in-talks-to-license-google-gemini-for-iphone-ios-18-generative-ai-tools

    https://www.macrumors.com/2023/10/11/google-pays-apple-billions-default-search

    https://venturebeat.com/ai/apple-releases-mgie-a-revolutionary-ai-model-for-instruction-based-image-editing

    https://twitter.com/chamath/status/1769751534940918234

    https://nypost.com/2024/02/26/business/google-to-relaunch-woke-gemini-ai-image-tool-in-few-weeks

    https://twitter.com/Patworx/status/1760189582870536408

    https://www.youtube.com/watch?v=QNv9PRDIhes

    https://www.nbcnews.com/business/real-estate/national-association-realtors-settlement-changes-rcna143634

    https://www.wsj.com/real-estate/realtors-settlement-change-buy-sell-homes-da45eb23

    https://www.bloomberg.com/news/articles/2024-03-19/inflection-ai-plans-pivot-after-most-employees-go-to-microsoft

    https://www.bloomberg.com/news/articles/2024-03-19/microsoft-hires-deepmind-co-founder-suleyman-to-run-consumer-ai

    https://inflection.ai/inflection-ai-announces-1-3-billion-of-funding

    https://www.nytimes.com/2024/03/19/business/saudi-arabia-investment-artificial-intelligence.html

    https://www.cnbc.com/2024/03/21/reddit-ipo-rddt-starts-trading-on-nyse.html

    https://www.wsj.com/economy/central-banking/fed-officials-still-see-three-cuts-this-year-0b039532

    https://www.wsj.com/real-estate/commercial/americas-office-fire-sale-has-barely-begun-0c8d376f

    https://www.foxweather.com/earth-space/nasa-webb-telescope-hubble-observations-universe-expansion-rate-question

    https://www.massgeneral.org/news/press-release/worlds-first-genetically-edited-pig-kidney-transplant-into-living-recipient

    https://twitter.com/neuralink/status/1770563939413496146

    E170: Tech's Vibe Shift, TikTok ban debate, Vertical AI boom, Florida bans lab-grown meat & more

    E170: Tech's Vibe Shift, TikTok ban debate, Vertical AI boom, Florida bans lab-grown meat & more

    (0:00) Bestie Intros!

    (1:02) Friedberg's newest family members

    (7:13) Tech's vibe shift: More candidness, less PR-speak from top CEOs

    (22:47) OpenAI CTO slips up on training data: did OpenAI train Sora on YouTube videos?

    (28:58) Vertical AI startups flourishing: Cognition launches Devin, what will this do to startups?

    (40:38) TikTok debate: Is the new bill to ban or force a sale of TikTok fair or potentially overreaching due to its vagueness?

    (1:22:10) Florida on the verge of banning lab-grown meat

    Follow the besties:

    https://twitter.com/chamath

    https://twitter.com/Jason

    https://twitter.com/DavidSacks

    https://twitter.com/friedberg

    Follow the pod:

    https://twitter.com/theallinpod

    https://linktr.ee/allinpodcast

    Intro Music Credit:

    https://rb.gy/tppkzl

    https://twitter.com/yung_spielburg

    Intro Video Credit:

    https://twitter.com/TheZachEffect

    Referenced in the show:

    https://twitter.com/RachaelRad/status/1767612555063955891

    https://twitter.com/iamtomnash/status/1768135725403226256

    https://twitter.com/CollinRugg/status/1752749485070156025

    https://futurism.com/video-openai-cto-sora-training-data

    https://twitter.com/tsarnick/status/1768021821595726254

    https://www.harvey.ai

    https://www.abridge.com

    https://www.taxgpt.com

    https://sierra.ai

    https://twitter.com/cognition_labs/status/1767548763134964000

    https://twitter.com/heyBarsee/status/1767934812315062646

    https://sourcegraph.com/cody

    https://techcrunch.com/2023/06/27/vertical-ai-the-next-logical-iteration-of-vertical-saas

    https://vator.tv/news/2018-02-05-when-paypal-was-young-the-early-years

    https://www.washingtonpost.com/technology/2024/03/13/tiktok-ban-passes-house-vote

    https://www.wsj.com/politics/policy/tiktok-bill-ban-house-vote-af4d0800

    https://rollcall.com/2024/03/14/schumer-signals-slower-pace-on-tiktok-measure-in-the-senate

    https://twitter.com/rabois/status/1768107160662421772

    https://www.linkedin.com/posts/vivekgramaswamy_were-literally-addicted-to-china-they-push-activity-7060229302633521152-k0g3

    https://time.com/6900348/tiktok-ban-donald-trump-congress

    https://www.bloomberg.com/news/articles/2024-03-13/who-is-jeff-yass-15-billion-tiktok-fortune-at-stake-as-ban-passes-house-vote

    https://www.congress.gov/bill/118th-congress/house-bill/7521/text

    https://en.wikipedia.org/wiki/United_States_foreign_adversaries

    https://twitter.com/davidfrum/status/1753878721163882676

    https://www.latimes.com/archives/la-xpm-1985-09-04-mn-23112-story.html

    https://www.nytimes.com/2022/12/22/technology/byte-dance-tik-tok-internal-investigation.html

    https://www.cnbc.com/2024/03/14/tiktok-ban-china-would-block-sale-of-short-video-app.html

    https://www.fastcompany.com/91056837/ron-desantis-and-the-florida-legislature-turn-their-anti-woke-agenda-on-lab-grown-meat

    https://standingstonefarms.com/pages/microbial-rennet-what-is-it-and-how-important-is-it

    https://twitter.com/Teslaconomics/status/1768395010507182252

    https://twitter.com/SpaceX/status/1768267464062943676

    https://twitter.com/Andercot/status/1768328460622299424

    E169: Elon sues OpenAI, Apple's decline, TikTok ban, Bitcoin $100K?, Science corner: Microplastics

    E169: Elon sues OpenAI, Apple's decline, TikTok ban, Bitcoin $100K?, Science corner: Microplastics

    (0:00) Bestie intros!

    (0:55) Elon sues OpenAI: complex structure, tax issues, damages, past comparables

    (37:06) OpenAI's focus on AGI, different interpretations of AGI in tech

    (44:46) Groq update with Sunny Madra!

    (49:53) Have we hit peak Apple?: Losing regulatory battles, iPhone stagnation, Buffett starts trimming

    (1:06:25) TikTok ban: New proposed House bill would force ByteDance to divest TikTok, or ban the app outright

    (1:21:08) Bitcoin hits new all-time high: impact of ETFs and an upcoming halving event

    (1:25:06) Science Corner: More data on the negative impacts of microplastics in the bloodstream

    Follow the besties:

    https://twitter.com/chamath

    https://twitter.com/Jason

    https://twitter.com/DavidSacks

    https://twitter.com/friedberg

    Follow the pod:

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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.scribd.com/document/710894515/Elon-Musk-v-Samuel-Altman-et-al-via-CNBC-com

    https://openai.com/our-structure

    https://openai.com/blog/openai-elon-musk

    https://twitter.com/vkhosla/status/1765424996548333997

    https://twitter.com/pmarca/status/1764039155154399490

    https://twitter.com/elonmusk/status/1765415187161464972

    https://twitter.com/elonmusk/status/1765387202953937224

    https://companiesmarketcap.com

    https://www.berkshirehathaway.com/letters/2023ltr.pdf

    https://twitter.com/KevinAFischer/status/1764892031233765421

    https://www.nytimes.com/2023/12/03/technology/ai-openai-musk-page-altman.html

    https://www.epicgames.com/site/en-US/news/apple-terminated-epic-s-developer-account

    https://www.reuters.com/technology/apple-hit-with-over-18-bln-euro-eu-antitrust-fine-spotify-case-2024-03-04

    https://www.berkshirehathaway.com/letters/letters.html

    https://www.statista.com/chart/22702/andoid-ios-market-share-selected-countries

    https://www.reuters.com/technology/lawmakers-seek-force-bytedance-divest-tiktok-or-face-us-ban-2024-03-05

    https://punchbowl.news/wp-content/uploads/Protecting-Americans-from-Foreign-Adversary-Controlled-Applications-Act.pdf

    https://www.reuters.com/technology/bytedance-says-china-unit-holds-local-licences-response-media-report-2021-08-16

    https://www.nytimes.com/2023/03/17/us/politics/tik-tok-spying-justice-dept.html

    https://apnews.com/article/tiktok-china-bytedance-user-data-d257d98125f69ac80f983e6067a84911

    https://finance.yahoo.com/video/ex-google-engineer-charged-stealing-162030265.html

    https://twitter.com/jawwwn_/status/1732888357980536924

    https://youtu.be/kONhhKQi0pU?si=hmt0LbjgLprOHNEp

    https://time.com/6846934/bitcoin-all-time-high-price-holdings

    https://www.google.com/finance/quote/BTC-USD

    https://www.wsj.com/finance/currencies/bitcoin-etf-investing-blackrock-715f1bd9

    https://www.coinbase.com/learn/crypto-basics/what-is-a-bitcoin-halving

    https://www.nejm.org/doi/full/10.1056/NEJMoa2309822

    https://www.sciencedirect.com/science/article/pii/S016041202200099X