Big Fed rate cuts, AI killing call centers, $50B govt boondoggle, VC's rough years, Trump/Kamala

(0:00) Bestie intros + All-In Summit recap (6:50) Fed cuts 50 bps: Economic tailwind, scary signal, or both? (17:35) AI is coming for call centers; how agent training works (33:41) US government wasting $50B for rural internet and EV charging stations (47:10) Reflecting on some rough years in VC: is the model broken? (1:07:18) Reacting to the first Trump/Kamala debate, what factors will make each candidate can win or lose the race Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect Referenced in the show: https://www.cnn.com/2024/09/19/investing/stocks-fed-rate-cut/index.html https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-09-05-2024/card/say-goodbye-to-the-inverted-yield-curve--snsL80qp8JX9UvaMCvVc https://mearsheimer.ai https://seekingalpha.com/news/4144652-klarna-shuts-down-salesforce-as-service-provider-workday-to-meet-same-fate-amid-ai-initiatives https://x.com/brendancarrfcc/status/1836079197967532497 https://reason.com/2024/05/30/7-5-billion-in-government-cash-only-built-8-e-v-chargers-in-2-5-years https://www.cnbc.com/2024/09/17/spacexs-starlink-has-2500-aircraft-under-contract.html https://www.bloomberg.com/news/articles/2024-01-31/the-us-installed-more-than-1-000-ev-charging-stations-since-summer https://x.com/brendancarrfcc/status/1836435062994121053 https://x.com/brendancarrfcc/status/1834009499931463705 https://x.com/molson_hart/status/1835650978906857948 https://x.com/danprimack/status/1824506087116058665 https://x.com/Jason/status/1768073854545449228 https://chamath.substack.com/p/2023-annual-letter https://x.com/Jason/status/1836820167449326063 https://www.axios.com/2024/04/03/us-global-venture-capital-q1 https://www.wsj.com/articles/university-endowments-mint-billions-in-golden-era-of-venture-capital-11632907802 https://www.natesilver.net/p/nate-silver-2024-president-election-polls-model https://x.com/GrageDustin/status/1836178999178866766 https://www.snopes.com/fact-check/trump-very-fine-people https://x.com/EndWokeness/status/1836516153893519867

(0:00) Bestie intros! Jason goes "Founder Mode" (1:03) All-In Summit lineup announcement (9:01) Understanding "Founder Mode" (32:52) Bolt is back in the news as Ryan Breslow goes "Founder Mode" (52:28) Tech's Section 230 protections might be in danger after new ruling (1:08:45) DOJ charges two Russians with infiltrating US media company (1:22:42) Kamala's economic pivot Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect Referenced in the show: https://paulgraham.com/foundermode.html https://x.com/chamath/status/1831003871344501069 https://www.google.com/finance/quote/PANW:NASDAQ https://a16z.com/on-micromanagement https://www.amazon.com/gp/product/0679762884 https://www.google.com/finance/quote/ABNB:NASDAQ https://www.amazon.com/Five-Dysfunctions-Team-Leadership-Fable/dp/0787960756 https://techcrunch.com/2022/01/14/online-checkout-bolt-decacorn https://www.businessinsider.com/bolt-ceo-calls-stripe-ycombinator-mob-bosses-twitter-silicon-valley-2022-1 https://www.paymentsdive.com/news/bolt-ceo-ryan-breslow-steps-down/618058 https://www.nytimes.com/2022/05/10/business/bolt-start-up-ryan-breslow-investors.html https://techcrunch.com/2023/07/21/bolt-ex-ceo-ryan-breslow-subject-of-sec-probe https://techcrunch.com/2023/10/06/bolt-ceo-discusses-moving-on-after-sec-probe https://www.theinformation.com/articles/bolt-once-worth-11-billion-slashes-price-97-in-buyback?rc=pxkrxo https://www.axios.com/2024/08/22/bolt-investors-baffled https://x.com/MikeSacksEsq/status/1828795866590896599 https://www.bloomberg.com/news/features/2022-11-30/is-tiktok-responsible-if-kids-diedoing-dangerous-viral-challenges https://www.youtube.com/watch?v=0JTcxIVlQfU https://x.com/elonmusk/status/1830440852411326782 https://www.justice.gov/opa/pr/two-rt-employees-indicted-covertly-funding-and-directing-us-company-published-thousands https://www.justice.gov/opa/media/1366266/dl https://www.axios.com/2024/09/05/putin-harris-trump-2024-election-russia-interference https://www.cnn.com/2020/07/30/tech/2020-election-russia-disinformation/index.html https://www.natesilver.net/p/nate-silver-2024-president-election-polls-model https://www.liberalpatriot.com/p/the-rise-of-vince-lombardi-democrats

(0:00) Bestie intros: Buttons are back for fall (1:48) Reid Hoffman joins the show, reminiscing on PayPal stories with Sacks (7:52) State of AI: Nvidia, cluster buildouts, competition (19:51) OpenAI's corporate structure and thoughts on Elon's lawsuit (29:09) Inflection AI's deal structure with Microsoft, Lina Khan's impact on the tech industry (41:27) Reid's perspective on Kamala being hot swapped for Biden, funding groups that attempted to keep RFK Jr. off ballots (52:02) Reid's thoughts on growing antisemitism (55:03) Thoughts on Kamala's economic proposals: price caps, wealth tax, etc. (1:04:19) How Silicon Valley views both candidates, why Reid funded legal action against Trump (1:19:03) Robert F. Kennedy Jr. joins the show and recaps his campaign and decision to back Trump (1:31:13) Falling out with the Democratic Party (1:37:26) Potential role in the Trump Administration, Make America Healthy Again agenda (1:58:01) Sacks recaps RFK Jr's campaign, RFK Jr. on Trump's legacy Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow Reid Hoffman: https://x.com/reidhoffman Follow Robert F. Kennedy Jr.: https://x.com/RobertKennedyJr Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect Referenced in the show: https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2025 https://podcasts.apple.com/us/podcast/gavin-baker-ai-semiconductors-and-the-robotic-frontier/id1154105909?i=1000666758592

(0:00) Bestie intros! (1:59) Labor department revises down nonfarm payrolls by 818K (15:02) MIT publishes data from first incoming class post race-based admissions ban (36:16) Decision 2024: State of the race, Polls vs prediction markets (52:33) Tale of two tickets: Private sector vs. Public sector (1:05:19) Kamala Harris supports Biden's tax plans, including a 25% wealth tax on those with more than $100M in assets 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/@theallinpod 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/2024/08/21/nonfarm-payroll-growth-revised-down-by-818000-labor-department-says.html https://x.com/RealEJAntoni/status/1826290040374243821 https://x.com/DavidSacks/status/1664788807059660800 https://www.statista.com/statistics/269959/employment-in-the-united-states https://fred.stlouisfed.org/series/FEDFUNDS https://polymarket.com/event/fed-interest-rates-september-2024?tid=1724345228774 https://x.com/chamath/status/1826360792351957141 https://www.nytimes.com/2018/06/15/us/harvard-asian-enrollment-applicants.html https://www.natesilver.net/p/nate-silver-2024-president-election-polls-model https://x.com/Polymarket/status/1826469365069271419 https://blockworks.co/news/polymarket-july-all-time-high-trading-volumes https://www.semafor.com/article/08/19/2024/harris-camp-signals-it-backs-biden-bid-to-raise-taxes-on-wealthy-corporations https://www.wsj.com/livecoverage/dnc-election-2024-harris-walz/card/harris-backs-tax-increases-proposed-by-biden-pkuLeYl6f1kXrhN4kWgQ https://www.crfb.org/blogs/kamala-harris-agenda-lower-costs-american-families https://home.treasury.gov/system/files/131/General-Explanations-FY2024.pdf

(0:00) Bestie intros: Jason gets a dish named after him! (5:27) DOJ considers breaking up Google after last week's antitrust ruling (28:10) Starbucks replaces CEO with Chipotle chief (45:37) Work culture, WFH's damage to informal mentorship (59:20) Election update: Harris flips the polls despite unclear policy; reports of price control focus (1:21:27) Boeing's Starliner disaster strands two astronauts in space (1:33:54) Russia/Ukraine update: Ukraine wins land in Kursk, Nordstream report 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/@theallinpod 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://x.com/harry_schuh/status/1822030518038491400 https://www.bloomberg.com/news/articles/2024-08-13/doj-considers-seeking-google-goog-breakup-after-major-antitrust-win https://www.wsj.com/business/starbucks-replaces-ceo-as-activist-investors-push-for-changes-43c33bff https://s203.q4cdn.com/326826266/files/doc_financials/2024/q3/Q3-FY24-Earnings-at-a-Glance.pdf https://fortune.com/2024/08/13/starbucks-shares-jump-20-after-company-poaches-chipotle-ceo-brian-niccol-chipotle-falls-9 https://www.cafexapp.com https://www.google.com/finance/quote/CMG:NYSE https://www.wsj.com/articles/low-wage-workers-climb-the-earnings-ladder-20acd8af https://www.youtube.com/watch?v=mzLCpmRad5o https://finance.yahoo.com/news/nearly-half-dell-full-time-215348261.html https://x.com/Jason/status/1823826884112867609 https://www.natesilver.net/p/nate-silver-2024-president-election-polls-model https://x.com/JStein_WaPo/status/1823913395986305342 https://www.npr.org/2024/08/08/nx-s1-5068668/vance-walz-stolen-valor-military-record https://abcnews.go.com/Politics/walzs-military-record-vances-accusations-stolen-valor/story?id=112618991 https://www.washingtonpost.com/business/2024/08/15/kamala-harris-economic-policy-2024 https://www.bloomberg.com/news/articles/2024-08-15/harris-will-propose-price-gouging-ban-on-food-and-groceries https://en.wikipedia.org/wiki/Whip_Inflation_Now https://www.google.com/finance/quote/WMT:NYSE https://www.wsj.com/politics/elections/kamala-harriss-economic-team-and-agenda-start-to-take-shape-7682e539 https://time.com/7009317/reintroduction-of-kamala-harris https://x.com/TIME/status/1822951410956218385 https://www.axios.com/2024/08/11/kamala-harris-trump-taxes-tips-service-workers https://www.bloomberg.com/news/articles/2024-08-15/harris-will-propose-price-gouging-ban-on-food-and-groceries https://www.socialcapital.com/ideas/2019-annual-letter https://www.google.com/finance/quote/BA:NYSE https://www.azquotes.com/quote/1413855 https://www.washingtonpost.com/business/2024/07/26/boeing-starliner-astronauts-stuck-orbit-space-station https://spacenews.com/41891nasa-selects-boeing-and-spacex-for-commercial-crew-contracts https://newatlas.com/space/first-manned-crew-dragon-flight-date https://qph.cf2.quoracdn.net/main-qimg-26d9f1dddb4d24469b593b28f40d277b-lq https://spaceflightnow.com/2016/08/02/boeing-nears-fix-for-cst-100-starliner-design-hitch https://spacenews.com/crewed-starliner-test-flight-could-slip-to-2019 https://spaceflightnow.com/2020/02/28/boeing-says-thorough-testing-would-have-caught-starliner-software-problems https://spaceflightnow.com/2021/08/19/boeings-starliner-spacecraft-returns-to-processing-facility-for-valve-work https://www.boeing.com/space/starliner/launch/archive.html https://boeing.mediaroom.com/2024-06-05-Boeing-Starliner-Spacecraft-Completes-Successful-Launch https://boeing.mediaroom.com/2024-06-05-Boeing-Starliner-Spacecraft-Completes-Successful-Launch https://www.washingtonpost.com/world/2022/09/27/nord-stream-gas-pipelines-damage-russia https://www.wsj.com/world/europe/nord-stream-pipeline-explosion-real-story-da24839c https://www.washingtonpost.com/national-security/2023/04/03/nord-stream-bombing-yacht-andromeda https://seymourhersh.substack.com/p/how-america-took-out-the-nord-stream https://www.youtube.com/watch?v=OS4O8rGRLf8 https://www.youtube.com/watch?v=ild-PsPD_Uw

(0:00) Bestie intros: Jason is back from COVID! (3:55) Yen carry trade unravels, Japan's unique economic issues (27:22) Recession odds growing, is the US already in a "lowkey recession"? (45:46) Why Buffett is selling Apple and massively increasing Berkshire's cash position (55:54) Major antitrust ruling against Google, predicting outcomes (1:22:41) Kamala picks Minnesota Governor Tim Walz as her running mate 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/@theallinpod 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.wsj.com/health/wellness/covid-guidelines-2024-cdc-symptoms-contagious-cdefb6b8 https://tradingeconomics.com/japan/interest-rate https://pebblewriter.com/the-yen-carry-trade-explained https://www.statista.com/statistics/604424/median-age-of-the-population-in-japan https://www.reuters.com/markets/asia/japans-nov-core-consumer-inflation-hits-fresh-40-year-high-2022-12-22 https://x.com/GoldmanSachs/status/1793998451291615316 https://www.wsj.com/economy/central-banking/boj-wont-raise-rates-when-markets-are-unstable-deputy-gov-says-6f4bf962 https://www.cnbc.com/2024/03/01/the-us-national-debt-is-rising-by-1-trillion-about-every-100-days.html https://www.wsj.com/finance/the-u-s-government-will-soon-spend-more-on-interest-payments-than-defense-ee6fbeec https://www.nytimes.com/2024/07/10/business/archegos-bill-hwang-guilty.html https://www.bloomberg.com/news/articles/2024-08-08/jpmorgan-says-three-quarters-of-global-carry-trades-now-unwound https://www.cnbc.com/2024/08/02/job-growth-totals-114000-in-july-much-less-than-expected-as-unemployment-rate-rises-to-4point3percent.html https://fred.stlouisfed.org/series/UNRATE https://polymarket.com/event/how-many-fed-rate-cuts-this-year https://www.google.com/finance/quote/.DJI:INDEXDJX https://www.google.com/finance/quote/SPY:NYSEARCA https://www.google.com/finance/quote/.IXIC:INDEXNASDAQ https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-08-07-2024/card/airbnb-stock-slides-after-rental-company-warns-of-slowing-u-s-demand-inf2c6emjcl5KI7KmkfR https://www.google.com/finance/quote/ABNB:NASDAQ https://x.com/RealEJAntoni/status/1799085407394845087 https://www.forbes.com/sites/gurufocus/2024/02/15/warren-buffett-bolsters-chevron-stake-revealing-key-q4-moves https://www.google.com/finance/quote/AAPL:NASDAQ https://www.ft.com/content/2aa3b542-d4e4-4afb-8d81-89bb734d7b17 https://www.documentcloud.org/documents/25032786-googleruling https://x.com/Jason/status/1820823406503157764 https://x.com/chamath/status/1817893425137508474 https://www.vox.com/2018/10/31/18039528/tech-employees-politics-liberal-employers-candidates https://www.natesilver.net/p/tim-walz-is-a-minnesota-nice-choice https://x.com/NickFondacaro/status/1820840411335737852 https://x.com/KamalaHQ/status/1820918063966962143 https://amp.cnn.com/cnn/2024/08/06/politics/tim-walz-inside-harris-vp-pick https://www.nytimes.com/2024/08/07/us/politics/vance-walz-military-record.html https://x.com/PokerGO/status/1818836856890704291

(0:00) Bestie intros! (0:38) Election update: Dems energize around Kamala, policy questions remain (19:33) Trump's NABJ interview: smart or risky? (33:07) Markets expect rate cut in September, but are we already in a recession? (40:58) AI buildout causing short-term volatility (45:46) Assassination of Hamas leader Ismail Haniyeh: are we inching closer to war in the Middle East? (1:06:17) Bill Ackman withdraws Pershing Square USA IPO 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/@theallinpod 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.natesilver.net/p/nate-silver-2024-president-election-polls-model https://www.foxnews.com/politics/harris-boycotts-netanyahu-snubs-israeli-leaders-wartime-address-give-sorority-speech https://nypost.com/2024/07/24/us-news/media-change-tune-on-calling-kamala-harris-border-czar-despite-giving-her-the-title https://x.com/jeffstorobinsky/status/1818722254542590012 https://apnews.com/business/inflation-general-news-31d83873be23c658d66526745482d572 https://x.com/grdecter/status/1819362069797654784 https://www.wsj.com/economy/consumers/inflation-interest-rates-wealth-loans-51d4276e https://www.foxbusiness.com/economy/initial-us-employment-reports-overstated-jobs https://www.foxbusiness.com/personal-finance/q1-gdp-slows-inflation-dips https://finance.yahoo.com/news/amd-stock-jumps-after-earnings-beat-driven-by-ai-chip-sales-202456320.html https://www.cnbc.com/2024/07/31/nvidia-stock-up-after-microsoft-amd-quell-fears-ai-buildout-too-fast.html https://www.ft.com/content/bad6ca0b-82fb-4ddb-b6b8-bd09dacd47ae https://www.google.com/finance/quote/NVDA:NASDAQ https://www.google.com/finance/quote/META:NASDAQ https://www.nytimes.com/2024/08/01/world/middleeast/how-hamas-leader-haniyeh-killed-iran-bomb.html https://archive.nytimes.com/www.nytimes.com/interactive/2012/06/01/world/middleeast/how-a-secret-cyberwar-program-worked.html?hp https://www.wsj.com/finance/investing/bill-ackman-pulls-investment-fund-ipo-after-shrinking-its-size-85ba1a17

(0:00) Bestie intros: Nostracanis appears! (3:50) Wiz turns down Google's $23B offer, intends to IPO (13:30) CrowdStrike's rough week (17:51) Market update: Mag 7 sell-off? (22:47) Sam Altman's UBI study was a mixed bag (42:02) Succession IRL: Rupert Murdoch's children are in a legal battle over the future of his media empire (48:35) Biden out, Kamala in: Hot swap complete, speed-run primary subverted (1:03:08) Antisemitism rising, Josh Shapiro as a VP candidate (1:08:37) Sacks responds to smear campaign (1:26:46) Science Corner: China's nuclear buildout 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/@theallinpod 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/2024/07/23/google-wiz-deal-dead.html https://cloudedjudgement.substack.com/p/clouded-judgement-71924-big-tech https://www.cnbc.com/2024/07/12/snowflake-shares-slip-after-att-says-hackers-accessed-data.html https://arstechnica.com/information-technology/2024/07/crowdstrike-blames-testing-bugs-for-security-update-that-took-down-8-5m-windows-pcs https://www.crowdstrike.com/blog/falcon-update-for-windows-hosts-technical-details https://www.cnn.com/2024/07/23/business/delta-flight-cancellations/index.html https://www.google.com/finance/quote/CRWD:NASDAQ https://www.google.com/finance/quote/SPY:NYSEARCA https://www.google.com/finance/quote/TSLA:NASDAQ https://www.cnbc.com/2024/07/23/alphabet-set-to-report-q2-earnings-results-after-the-bell.html https://www.google.com/finance/quote/VIX:INDEXCBOE https://public.websites.umich.edu/~mille/ORUS_Health.pdf https://www.nytimes.com/2024/07/24/business/media/rupert-murdoch-succession-fox.html https://apnews.com/article/fox-news-dominion-lawsuit-trial-trump-2020-0ac71f75acfacc52ea80b3e747fb0afe https://www.nytimes.com/interactive/2024/07/22/us/politics/kamala-harris-democrats-endorsement-list.html https://www.predictit.org/markets/detail/7057/Who-will-win-the-2024-Democratic-presidential-nomination https://thehill.com/homenews/campaign/4790684-kamala-harris-polls-donald-trump-wisconsin https://www.nytimes.com/2024/07/05/us/politics/biden-interview-stephanopoulos-abc.html https://www.politico.com/news/2024/07/03/biden-no-ones-pushing-me-out-00166497 https://www.axios.com/2024/07/23/inside-harris-sprint-democratic-nomination https://www.politico.com/news/2024/07/21/why-biden-dropped-out-00170106 https://apnews.com/article/biden-election-trump-democrats-329071c25dfaaae583b5f06184586267 https://x.com/JoeBiden/status/1815080881981190320 https://x.com/paulg/status/1816334112086712830 https://x.com/paulg/status/1771640321446683060 https://www.sec.gov/files/litigation/admin/2017/33-10429.pdf https://x.com/mwseibel/status/1816542692727488784

(0:00) Bestie intros: Live from the RNC! (1:34) Reacting to the assassination attempt against President Trump (12:52) Impact of charged rhetoric (21:15) Secret Service's massive failure; institutional decay (37:02) Inside the RNC: Sacks breaks down his speech (41:16) Trump picks JD Vance as his running mate (58:52) All-In Summit scholarship applications are LIVE! (59:46) VC update: Exits creeping back, Sequoia's secondary offering for Stripe, Google in talks to acquire Wiz for $23B Apply for the 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 Sacks RNC speech: https://www.youtube.com/watch?v=rLArznk0Ns4 Jason's links (16:34): https://pt.icct.nl/article/donald-trump-aggressive-rhetoric-and-political-violence https://www.nytimes.com/interactive/2019/08/11/business/media/el-paso-killer-conservative-media.html https://www.vice.com/en/article/wx83v4/even-trumps-defense-secretary-during-the-capitol-riot-blames-him-for-inciting-it Referenced in the show: 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 https://x.com/TeslaVee/status/1813785645472690479 https://www.cnn.com/2024/02/08/politics/fact-check-trump-january-6/index.html https://x.com/DylanByers/status/1811855698566975936 https://x.com/newrepublic/status/1810009748697448541 https://pt.icct.nl/sites/default/files/import/pdf/nacos-et-al.pdf https://www.nytimes.com/interactive/2019/08/11/business/media/el-paso-killer-conservative-media.html 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 https://x.com/cb_doge/status/1813289249288134660 https://x.com/mualphaxi/status/1812579998735491327 https://x.com/DavidSacks/status/1813270784942494110 https://theintercept.com/2022/07/14/jan-6-texts-deleted-secret-service https://x.com/yashar/status/1813757637584134615 https://www.nytimes.com/2024/07/16/us/politics/trump-vance-vp-decision.html https://x.com/VivekGRamaswamy/status/1812929198433964249 https://www.usatoday.com/story/news/politics/elections/2024/07/17/peter-thiel-boosted-jd-vance-career/74397520007 https://x.com/RitaPanahi/status/1813790835332595863 https://x.com/RWTNews/status/1813779819697725669 https://www.youtube.com/watch?v=h4FnpoNU8AI https://www.youtube.com/watch?v=Xejs4gGUpjE https://www.axios.com/2024/07/15/sequoia-capital-stripe https://www.wsj.com/business/deals/google-near-23-billion-deal-for-cybersecurity-startup-wiz-622edf1a https://pitchbook.com/news/reports/q2-2024-pitchbook-nvca-venture-monitor-first-look https://www.axios.com/2024/07/18/president-biden-drop-out-election-democrats https://www.youtube.com/watch?v=XJP2zlH2nt8 https://www.semafor.com/article/07/17/2024/donors-cash-is-drying-up-jeffrey-katzenberg-warns-biden-in-private-meeting

(0:00) Bestie intros! (4:29) Macro picture: Soft landing secured? Rate cut on the horizon? Plus: partisan economic perception (20:48) AI sentiment turns bearish due to massive spend with little revenue (40:51) A16Z's 20K GPU cluster (46:41) Broad implications of France elections (1:06:10) Hot swap update: President Biden holds firm as backers flee, press corps chaos, speed-run primary chances 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://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 https://x.com/natfriedman/status/1668650915505803266 https://www.dailymail.co.uk/news/article-13594307/french-election-candidates-drop-rn-le-pen-victory.html https://x.com/CilComLFC/status/1810110921383010563 https://www.nytimes.com/2024/07/10/opinion/joe-biden-democratic-nominee.html https://www.politico.com/newsletters/playbook/2024/07/11/what-obama-and-pelosi-are-doing-about-biden-00167520 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 https://www.semafor.com/article/07/07/2024/blitz-primary-could-open-up-democratic-race-if-biden-drops-out