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All-In with Chamath, Jason, Sacks & Friedberg — Business
All-In with Chamath, Jason, Sacks & Friedberg

Industry veterans, degenerate gamblers & besties Chamath Palihapitiya, Jason Calacanis, David Sacks & David Friedberg cover all things economic, tech, political, social & poker.

Latest Episodes:

AI Psychosis, America's Broken Social Fabric, Trump Takes Over DC Police, Is VC Broken? Aug 15, 2025

Show notes

(0:00) Bestie intros!

(4:45) AI Psychosis: what it looks like and why it's happening

(20:13) Why the social fabric in America is breaking down

(35:55) Fixing the incentives that created the student debt crisis

(48:52) Trump takes federal control of DC police

(1:05:39) Venture Capital: is it broken and what it will look like in the future?

Follow the besties:

https://x.com/chamath

https://x.com/Jason

https://x.com/DavidSacks

https://x.com/friedberg

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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.psychologytoday.com/us/blog/urban-survival/202507/the-emerging-problem-of-ai-psychosis

https://openai.com/index/how-we%27re-optimizing-chatgpt

https://pubmed.ncbi.nlm.nih.gov/25910392

https://www.reddit.com/r/MyBoyfriendIsAI

https://time.com/7307589/ai-psychosis-chatgpt-mental-health

https://x.com/jburnmurdoch/status/1953811277463122162

https://www.nimh.nih.gov/health/statistics/major-depression

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

https://www.youtube.com/watch?v=7PtX8BNLn_c

https://nypost.com/2021/05/01/teachers-union-collaborated-with-cdc-on-school-reopening-emails

https://www.pbs.org/newshour/politics/trump-threatens-federal-takeover-of-dc-after-attack-on-former-doge-worker

https://www.whitehouse.gov/presidential-actions/2025/08/declaring-a-crime-emergency-in-the-district-of-columbia

https://www.nbcwashington.com/news/local/dc-police-commander-suspended-crime-statistics/3959566/

https://x.com/greg_price11/status/1955292615420588495

https://www.kvue.com/article/news/local/homeless/austin-homeless-heal-initiative-highway-183-oak-knoll-relocation/269-d09e5261-6b52-42c0-a550-a3dcf16fa6e7

https://www.usatoday.com/story/money/2025/06/24/fannie-mae-freddie-mac-privatization/84342221007

https://www.reuters.com/business/openai-eyes-500-billion-valuation-potential-employee-share-sale-source-says-2025-08-06

OpenAI's GPT-5 Flop, AI's Unlimited Market, China's Big Advantage, Rise in Socialism, Housing Crisis Aug 09, 2025

Show notes

(0:00) Bestie intros! Gavin Baker, Ben Shapiro, and Phil Deutch join the show

(7:32) GPT-5 underwhelms, benchmark saturation, OpenAI's product excellence

(18:14) AI's TAM, ROIC, and energy implications

(27:27) China's major advantage and how the US can counter it

(43:46) Political parties picking winners, energy subsidy reversal, how the bureaucratic branch was created and how to fix it

(52:38) Socialism, OBBB impact on energy, does socialism in the US rely on Mamdani in NYC?

(1:10:00) Tariffs update: $125B+ revenue so far, India and Switzerland hit hard, Trump's ad hoc approach

(1:27:51) Nvidia chips being smuggled to China

(1:31:13) Apple's $700B in buybacks since 2015 and failing AI strategy

(1:40:09) Summer reading recommendations

Join us at the All-In Summit:

https://allin.com/summit

Summit scholarship application:

http://bit.ly/4kyZqFJ

Get The Besties All-In Tequila:

https://tequila.allin.com

Follow Ben:

https://x.com/benshapiro

Follow Gavin:

https://x.com/GavinSBaker

Follow Phil:

https://x.com/pdeutch

Follow the besties:

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https://x.com/Jason

https://x.com/DavidSacks

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Follow on X:

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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.bloomberg.com/news/articles/2025-08-08/openai-s-gpt-5-met-with-mixed-reviews-confusion-in-first-day

https://www.anthropic.com/news/build-ai-in-america

https://www.youtube.com/watch?v=whE75zEFBpU

https://www.census.gov/library/visualizations/time-series/demo/historic.html

https://www.justice.gov/opa/pr/two-chinese-nationals-arrested-complaint-alleging-they-illegally-shipped-china-sensitive

https://www.ft.com/content/6f806f6e-61c1-4b8d-9694-90d7328a7b54

Trump AI Speech & Action Plan, DC Summit Recap, Hot GDP Print, Trade Deals, Altman Warns No Privacy Aug 01, 2025

Show notes

(0:00) Bestie intros!

(1:44) Recapping "Winning the AI Race" in DC: Trump's speech, best moments, key takeaways

(16:39) AI Executive Orders, unbiased AI, spiciest moments

(34:32) Copyright, fair use, and patents in the Age of AI

(56:37) Sam Altman highlights AI chatbot privacy issues

(1:02:48) Hot GDP print, Fed refuses to cut, major US-EU trade deal

Join us at the All-In Summit:

https://allin.com/summit

Summit scholarship application:

http://bit.ly/4kyZqFJ

Get The Besties All-In Tequila:

https://tequila.allin.com

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://x.com/chamath/status/1950673622059667764

https://www.newsweek.com/microsoft-layoffs-h1b-visa-applications-2094370

https://www.wsj.com/business/media/amazon-to-pay-new-york-times-at-least-20-million-a-year-in-ai-deal-66db8503

https://x.com/simonw/status/1950592653047062578

https://fred.stlouisfed.org/series/A191RL1Q225SBEA

https://www.youtube.com/watch?v=aYn8VKW6vXA

https://www.cnbc.com/2025/07/30/gdp-q2-2025-.html

https://www.cnn.com/business/live-news/federal-reserve-interest-rate-07-30-25

https://www.weforum.org/stories/2025/07/the-eu-us-trade-deal-explained-eu-competitiveness

https://apps.bea.gov/iTable/?reqid=19&step=3&isuri=1&1921=survey&1903=84

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

Winning the AI Race Part 5: President Trump on the AI Action Plan Jul 24, 2025

Show notes

(0:00) President Trump on the AI Agenda

(54:14) Executive Order signing

Thanks to our partners for making this happen:

NYSE : https://www.nyse.com

Visa: https://usa.visa.com

Follow the besties:

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https://x.com/Jason

https://x.com/DavidSacks

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Follow on X:

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Follow on Instagram:

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Follow on TikTok:

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Intro Music Credit:

https://rb.gy/tppkzl

https://x.com/yung_spielburg

Intro Video Credit:

https://x.com/TheZachEffect

Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum Jul 23, 2025

Show notes

(0:00) Scott Bessent, Treasury Secretary

(17:44) Doug Burgum, Secretary of the Interior and Chris Wright, Energy Secretary

(35:11) Howard Lutnick, Commerce Secretary

Thanks to our partners for making this happen:

NYSE : https://www.nyse.com

Visa: https://usa.visa.com

Follow the besties:

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https://x.com/Jason

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Follow on X:

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Intro Music Credit:

https://rb.gy/tppkzl

https://x.com/yung_spielburg

Intro Video Credit:

https://x.com/TheZachEffect

Winning the AI Race Part 3: Jensen Huang, Lisa Su, James Litinsky, Chase Lochmiller Jul 23, 2025

Show notes

(0:00) James Litinsky, MP Materials

(13:32) Lisa Su, AMD

(29:45) Chase Lochmiller, Crusoe

(43:26) Jensen Huang, Nvidia

Thanks to our partners for making this happen:

NYSE : https://www.nyse.com

Visa: https://usa.visa.com

Follow the besties:

https://x.com/chamath

https://x.com/Jason

https://x.com/DavidSacks

https://x.com/friedberg

Follow on X:

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Follow on Instagram:

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Follow on TikTok:

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Intro Music Credit:

https://rb.gy/tppkzl

https://x.com/yung_spielburg

Intro Video Credit:

https://x.com/TheZachEffect

Winning the AI Race Part 2: Vice President JD Vance Jul 23, 2025

Show notes

(0:00) The Besties welcome JD Vance

(1:24) Immigration

(6:34) AI policy

(9:27) Relationship with China: Technology competition, striking a balance, trade

(12:42) Diplomatic relations when AI is at-scale, operating in a multipolar world

(16:41) AI's impact on jobs

(22:02) Should America facilitate "National Champions" in strategic industries?

(24:09) Working at the White House with Sacks

Thanks to our partners for making this happen:

NYSE : https://www.nyse.com

Visa: https://usa.visa.com

Follow the besties:

https://x.com/chamath

https://x.com/Jason

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https://x.com/friedberg

Follow on X:

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Follow on Instagram:

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Follow on TikTok:

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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

Winning the AI Race Part 1: Michael Kratsios, Kelly Loeffler, Chris Power, Shyam Sankar, Paul Buchheit, Jake Loosararian Jul 23, 2025

Show notes

(0:00) The besties introduce the day with Jacob Helberg

(9:08) Michael Kratsios, Director of the Office of Science and Technology Policy

(18:24) Chris Power, Hadrian

(35:15) Jake Loosararian, Gecko Robotics

(44:37) Shyam Sankar, Palantir

(1:00:33) Paul Buchheit, Y Combinator

(1:13:35) Kelly Loeffler, Administrator of the Small Business Administration

Thanks to our partners for making this happen:

NYSE : https://www.nyse.com

Visa: https://usa.visa.com

Follow the besties:

https://x.com/chamath

https://x.com/Jason

https://x.com/DavidSacks

https://x.com/friedberg

Follow on X:

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Follow on Instagram:

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Follow on TikTok:

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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

Trump vs Powell, Solving the Debt Crisis, The $10T AGI Prize, GENIUS Act Becomes Law Jul 19, 2025

Show notes

(0:00) The Besties welcome Gavin Baker!

(1:51) Markets: Pricing in tariffs, Trump vs. Powell, solving the debt crisis

(19:24) The $10 trillion AGI prize, what artificial general intelligence and superintelligence looks like in the economy

(38:33) Sacks and Bo Hines join to discuss the GENIUS Act and the CLARITY Act passing the House this week, and what it means for crypto in the US

(52:42) AI Infrastructure: $90B in new investments announced, Nvidia H20 export restrictions lifted

(1:06:06) Sacks interviews Senator Bill Hagerty on the passing of the GENIUS Act

Follow Gavin Baker:

https://x.com/GavinSBaker

Follow Bo Hines:

https://x.com/bohines

Follow Senator Bill Hagerty:

https://x.com/SenatorHagerty

Get The Besties All-In Tequila:

https://tequila.allin.com

Join us at the All-In Summit:

https://allin.com/summit

Summit scholarship application:

http://bit.ly/4kyZqFJ

Follow the besties:

https://x.com/chamath

https://x.com/Jason

https://x.com/DavidSacks

https://x.com/friedberg

Follow on X:

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Follow on Instagram:

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Follow on TikTok:

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Follow on LinkedIn:

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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.bloomberg.com/news/articles/2025-07-16/trump-likely-to-fire-powell-soon-white-house-official-says

https://www.nytimes.com/2025/07/16/us/politics/trump-powell-firing-letter.html

https://polymarket.com/event/fed-decision-in-september?tid=1752872350388

https://www.cnbc.com/2025/07/15/cpi-inflation-report-june-2025.html

https://www.cnbc.com/quotes/US30Y

https://polymarket.com/event/will-trump-remove-jerome-powell

https://polymarket.com/event/who-will-trump-announce-as-next-fed-chair?tid=1752854752131

https://www.politico.com/live-updates/2025/07/15/congress/house-gop-crypto-bills-trump-00455645

https://www.nytimes.com/2025/07/15/us/politics/trump-ai-pittsburgh-speech.html

Grok 4 Wows, The Bitter Lesson, Elon's Third Party, AI Browsers, SCOTUS backs POTUS on RIFs Jul 11, 2025

Show notes

(0:00) The Besties welcome Travis Kalanick and Keith Rabois!

(3:02) Travis on Pony.ai / Uber rumors and the state of Cloud Kitchens

(18:51) xAI launches Grok 4, learning "The Bitter Lesson" in AI

(40:36) How Grok can catch ChatGPT in usage, OpenAI's product excellence

(46:27) Perplexity and OpenAI building AI-native browsers and taking on Chrome

(58:01) Elon's "America Party": is now the right time for a third party, and could he make an impact in 2026?

(1:13:12) SCOTUS backs Trump over federal government RIF plans

Follow Keith:

https://x.com/rabois

Follow Travis:

https://x.com/travisk

Get The Besties All-In Tequila:

https://tequila.allin.com

Join us at the All-In Summit:

https://allin.com/summit

Summit scholarship application:

http://bit.ly/4kyZqFJ

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.nytimes.com/2025/06/26/technology/uber-travis-kalanick-self-driving-car-deal.html

https://www.youtube.com/watch?v=ZW5fJikPmfM

https://grok.com

https://www.youtube.com/watch?v=_wTA90BYo30

https://techcrunch.com/2025/01/08/elon-musk-agrees-that-weve-exhausted-ai-training-data

https://x.com/ArtificialAnlys/status/1943166841150644622

https://x.com/elonmusk/status/1943192643439337753

http://www.incompleteideas.net/IncIdeas/BitterLesson.html

https://x.com/chamath/status/1943177837956968499

https://techcrunch.com/2025/07/09/perplexity-launches-comet-an-ai-powered-web-browser

https://x.com/perplexity_ai/status/1942969263305671143

https://x.com/elonmusk/status/1941584569523732930

https://polymarket.com/event/will-elon-register-the-america-party-by

https://ropercenter.cornell.edu/presidential-approval/highslows

https://news.gallup.com/poll/651278/support-third-political-party-dips.aspx

https://www.whitehouse.gov/presidential-actions/2025/02/implementing-the-presidents-department-of-government-efficiency-workforce-optimization-initiative

https://www.scotusblog.com/2025/07/supreme-court-allows-trump-administration-to-implement-plans-to-significantly-reduce-the-federal-workforce

https://www.afge.org/article/summary-of-afge-lawsuits-against-trump--how-litigation-works

https://cei.org/publication/10kc-2025-numbers-of-rules

https://www.netflix.com/tudum/articles/american-manhunt-osama-bin-laden-release-date-news

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