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All-In Podcast

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

All-In with Chamath, Jason, Sacks & Friedberg

(0:00) Brad Gerstner joins the show!
 
(0:49) OpenAI's rough week: Altman's controversial comments on BG2, CFO's "federal backstop" faux pas, clarifications
 
(18:33) Why Jensen Huang said "China is going to win the AI race."; the need for a federal framework on AI
 
(30:39) OpenAI's strengths and headwinds: breakout product, trust issues, competition, betting on the AI supercycle
 
(36:47) Holiday party announcement! allin.com/events for tickets
 
(39:19) State of the market, consumer is cracking, need for domestic/"main street" wins, is Trump losing the middle class?
 
(1:05:58) Zohran wins NYC, socialism's rise in America, solutions, should Republicans end the filibuster?
 
Join us at the All-In Holiday Spectacular!:
 
https://allin.com/events
 
Follow Brad:
 
https://x.com/altcap
 
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:
 
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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.cnbc.com/2025/10/29/alphabet-google-q3-earnings.html
 
 https://www.cnbc.com/2025/10/29/meta-q3-earnings-report-2025.html
 
 https://www.bloomberg.com/news/articles/2025-11-05/apple-plans-to-use-1-2-trillion-parameter-google-gemini-model-to-power-new-siri
 
 https://www.wsj.com/video/openai-wants-federal-backstop-for-new-investments/4F6C864C-7332-448B-A9B4-66C321E60FE7
 
 https://www.linkedin.com/feed/update/urn:li:activity:7392049356012507136/
 
https://x.com/DavidSacks/status/1986476840207122440
 
https://x.com/sama/status/1986514377470845007
 
https://www.ft.com/content/53295276-ba8d-4ec2-b0de-081e73b3ba43
 
https://x.com/nvidianewsroom/status/1986221177099194484
 
https://www.aipanic.news/p/the-ai-existential-risk-industrial
 
https://fred.stlouisfed.org/series/LES1252881600Q
 
https://x.com/MorningBrew/status/1986464568470888935
 
https://x.com/chamath/status/1986076707196162068
 
https://polymarket.com/event/new-york-city-mayoral-election
 
 https://www.nbcnews.com/politics/2025-elections/new-york-city-mayor-results
 
https://x.com/JDVance/status/1986099131845136594
 
https://x.com/houmanhemmati/status/1980499276229931034

Does OpenAI Need a Bailout? Mamdani Wins, Socialism Rising, Filibuster Nuclear Option

(0:00) Introducing Ari Emanuel
 
(1:03) Ari's background in the content business and Hollywood
 
(4:14) How infinite distribution is changing Hollywood, the future of podcasting, creators owning advertising products
 
(9:21) AI's impact: anticipating the 3-day workweek
 
(12:13) Splitting time between TKO and WME, YouTube vs Netflix for creators, modern IP ownership
 
(18:20) How he got a fighter's reputation, relationship with Michael Ovitz, how he built on Ovitz's vision
 
(22:12) Future of sports entertainment: adapting to attention spans, clip culture, going global
 
(24:21) Ari's relationship with his brothers and Elon Musk
 
Thanks to our partners for making this happen!
 
Solana - Solana is the high performance network powering internet capital markets, payments, and crypto applications. Connect with investors, crypto founders, and entrepreneurs at Solana's global flagship event during Abu Dhabi Finance Week & F1: https://solana.com/breakpoint
 
OKX - The new way to build your crypto portfolio and use it in daily life. We call it the new money app. https://www.okx.com/
 
Google Cloud - The next generation of unicorns is building on Google Cloud's industry-leading, fully integrated AI stack: infrastructure, platform, models, agents, and data. https://cloud.google.com/
 
IREN - IREN AI Cloud, powered by NVIDIA GPUs, provides the scale, performance, and reliability to accelerate your AI journey. https://iren.com/
 
Oracle - Step into the future of enterprise productivity at Oracle AI Experience Live. https://www.oracle.com/artificial-intelligence/data-ai-events/
 
Circle - The America-based company behind USDC — a fully-reserved, enterprise-grade stablecoin at the core of the emerging internet financial system. https://www.circle.com/
 
BVNK - Building stablecoin-powered financial infrastructure that helps businesses send, store, and spend value instantly, anywhere in the world. https://www.bvnk.com/
 
Polymarket - The world's largest prediction market. https://www.polymarket.com/
 
Follow Ari:
 
https://x.com/AriEmanuel
 
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

Ari Emanuel on the Future of Entertainment: Hollywood, AI, Creator Economy, YouTube vs Netflix

(0:00) Introducing Tareq Amin
 
(0:39) Saudi Arabia's evolution, Humain's business
 
(8:11) How Humain works with foundational model providers
 
(13:14) Saudi's energy and talent advantages, the AI race in the Middle East
 
(18:11) Working in the era of MBS, Vision 2030
 
(21:40) How Saudi manages their relationships with the US and China
 
(23:51) Sacks on the US-Saudi AI alliance
 
Thanks to our partners for making this happen!
 
Solana - Solana is the high performance network powering internet capital markets, payments, and crypto applications. Connect with investors, crypto founders, and entrepreneurs at Solana's global flagship event during Abu Dhabi Finance Week & F1: https://solana.com/breakpoint
 
OKX - The new way to build your crypto portfolio and use it in daily life. We call it the new money app. https://www.okx.com/
 
Google Cloud - The next generation of unicorns is building on Google Cloud's industry-leading, fully integrated AI stack: infrastructure, platform, models, agents, and data. https://cloud.google.com/
 
IREN - IREN AI Cloud, powered by NVIDIA GPUs, provides the scale, performance, and reliability to accelerate your AI journey. https://iren.com/
 
Oracle - Step into the future of enterprise productivity at Oracle AI Experience Live. https://www.oracle.com/artificial-intelligence/data-ai-events/
 
Circle - The America-based company behind USDC — a fully-reserved, enterprise-grade stablecoin at the core of the emerging internet financial system. https://www.circle.com/
 
BVNK - Building stablecoin-powered financial infrastructure that helps businesses send, store, and spend value instantly, anywhere in the world. https://www.bvnk.com/
 
Polymarket - The world's largest prediction market. https://www.polymarket.com/
 
Follow Tareq:
 
https://x.com/TareqAmin_
 
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

Inside Saudi Arabia's AI Ambition: Tareq Amin on Building a New Tech Superpower

(0:00) Introducing Paul "Triple H" Levesque
 
(0:56) The skills needed to be an effective professional wrestler, understanding the characteristics of President Trump and The Rock
 
(5:41) The rise of the antihero / heel persona, and why modern wrestling is more morally grey
 
(8:43) WWE vs UFC: Why they are opposites, star building
 
(11:21) Physicality of the WWE and how they support wrestlers
 
(14:13) The business of the WWE: using streaming and social as a funnel for live events, the magic of live WWE
 
(21:28) Helping America's youth via physical fitness
 
(23:35) How the internet forced wrestlers to blend their in ring personas with real-life
 
Thanks to our partners for making this happen!
 
Solana - Solana is the high performance network powering internet capital markets, payments, and crypto applications. Connect with investors, crypto founders, and entrepreneurs at Solana's global flagship event during Abu Dhabi Finance Week & F1: https://solana.com/breakpoint
 
OKX - The new way to build your crypto portfolio and use it in daily life. We call it the new money app. https://www.okx.com/
 
Google Cloud - The next generation of unicorns is building on Google Cloud's industry-leading, fully integrated AI stack: infrastructure, platform, models, agents, and data. https://cloud.google.com/
 
IREN - IREN AI Cloud, powered by NVIDIA GPUs, provides the scale, performance, and reliability to accelerate your AI journey. https://iren.com/
 
Oracle - Step into the future of enterprise productivity at Oracle AI Experience Live. https://www.oracle.com/artificial-intelligence/data-ai-events/
 
Circle - The America-based company behind USDC — a fully-reserved, enterprise-grade stablecoin at the core of the emerging internet financial system. https://www.circle.com/
 
BVNK - Building stablecoin-powered financial infrastructure that helps businesses send, store, and spend value instantly, anywhere in the world. https://www.bvnk.com/
 
Polymarket - The world's largest prediction market. https://www.polymarket.com/
 
Follow Triple H:
 
https://x.com/TripleH
 
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

Triple H on WWE's Evolution, the Rise of the Antihero, and the Psychology of Stardom

(0:00) Disgraziad Corner: The most disgraceful things of the week!
 
(3:10) Elon on X's new algorithm, why there has been so much Sydney Sweeney content lately
 
(11:35) Creating Grokipedia: Wikipedia's failures, the future of information on the internet, confirmation bias
 
(24:52) Three years of X: Looking back on the Twitter acquisition and how it changed free speech on the internet
 
(42:49) Tesla vote on Elon's compensation, would he leave Tesla if it doesn't pass?
 
(47:40) OpenAI lawsuit, for-profit conversion, how much Elon should own, OpenAI's great irony
 
(56:24) AI power efficiency, Robotaxis, future of self-driving
 
(1:09:34) Bill Gates flips on climate change, solar, energy production
 
Follow Elon:
 
https://x.com/elonmusk
 
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:
 
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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

Elon Musk: OpenAI Betrayal, His Future at Tesla, and the Next Big Thing - Grokipedia

(0:00) Chamath and Jason welcome Pete Buttigieg
 
(1:31) Why the Democrats lost tech
 
(6:40) Taxes: Federal wealth tax, wealth disparity, billionaires, the role of government in the free market
 
(23:17) Government efficiency: Democratic DOGE, breaking ranks on debt, his plan to control spending
 
(33:01) Culture Wars: The costly role of democratic identity politics, navigating a primary with moderate views, the two Democratic Parties
 
(40:07) Immigration: Trump shutting the border, Biden's failure
 
(47:38) Working in the Biden Admin: good and bad, gatekeepers, cognitive decline, anointing Kamala Harris vs running a short primary
 
(52:17) Thoughts on moving NASA under the Dept of Transportation
 
(54:07) AI: self-driving, automation, and job loss
 
(1:01:19) Running in 2028, Mamdani in NYC
 
Follow Pete:
 
https://x.com/PeteButtigieg
 
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

Pete Buttigieg: The Left's Identity Crisis, Wealth Tax, 2024 Mistakes, Plans for 2028

(0:00) Friedberg introduces 2025 Nobel Peace Prize Winner María Corina Machado
 
(4:27) Venezuela before and after Chavez
 
(15:25) Why María got involved in politics and why she was expelled
 
(24:33) Why Maduro was chosen and Chavez's successor, China relationship, why people are fleeing
 
(31:27) Intimidation tactics by the Maduro regime, response to claims of her being a "Western puppet"
 
(39:30) Presidential run, election fraud, how different US regimes have viewed Venezuela
 
(54:23) The rise of socialism in the US
 
Follow María:
 
https://x.com/MariaCorinaYA
 
Learn more about the 2025 Nobel Peace Prize:
 
https://www.nobelpeaceprize.org/articles/nobels-fredspris-2025-1
 
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

Nobel Peace Prize Winner: María Corina Machado on Defeating Maduro, Socialism & Freeing Venezuela

(0:00) David Friedberg intros John Martinis, the 2025 recipient of the Nobel Prize in Physics
 
(0:43) John's history, how he got into physics
 
(4:54) Explainer on quantum mechanics
 
(22:57) Quantum tunneling and the 1985 paper that led to this Nobel Prize
 
(30:37) Understanding qubits, the state of quantum computing, and the impact of AI
 
(40:56) US vs China in quantum, reactions to winning the Nobel Prize
 
Learn more about the 2025 Nobel Prize in Physics:
 
https://www.nobelprize.org/prizes/physics/2025/summary
 
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

Nobel Prize in Physics Winner: John Martinis on the State of Quantum

(0:00) Bestie intros!
 
(1:02) CA Billionaire Tax
 
(17:00) Major NBA gambling scandal
 
(29:51) Amazon's eventful week: AWS outage and leaked robotic automation plans
 
(49:55) Tesla earnings, Optimus, Elon's pay package, "corporate terrorists"
 
(1:03:54) Study shows AI bias
 
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.latimes.com/california/story/2022-05-25/rick-caruso-jeffrey-katzenberg-bicker-los-angeles-mayor-election
 
 https://www.thefp.com/p/rick-caruso-refuses-to-shake-jeffrey-katzenbergs-hand
 
 https://www.latimes.com/la-influential/story/2024-06-16/jeffrey-katzenberg-hollywood-fundraiser-democrats
 
 https://www.cnbc.com/2025/10/23/nba-billups-rozier-sports-betting-arrests-gambling.html
 
 https://oag.ca.gov/system/files/initiatives/pdfs/25-0024%20%28Billionaire%20Tax%20%29.pdf
 
https://x.com/MovieTimeDev/status/1968107643643498744
 
 https://www.coindesk.com/business/2025/10/23/polymarket-seeks-investment-at-valuation-of-usd12b-usd15b-bloomberg
 
https://x.com/SawyerMerritt/status/1981119824991322553
 
 https://www.nytimes.com/2025/10/21/technology/inside-amazons-plans-to-replace-workers-with-robots.html
 
 https://nypost.com/2024/02/21/business/googles-ai-chatbot-gemini-makes-diverse-images-of-founding-fathers-popes-and-vikings-so-woke-its-unusable/
 
 https://ogletree.com/insights-resources/blog-posts/10-faqs-about-californias-new-algorithmic-discrimination-rules/
 
 https://www.crowell.com/en/insights/client-alerts/artificial-intelligence-in-employment-update-illinois-requires-notice-and-prohibits-discriminatory-impact-in-use-of-ai
 
 https://www.nytimes.com/live/2025/10/23/nyregion/nba-illegal-gambling-arrests
 
https://x.com/AndrewDBailey/status/1981409771505713650
 
 https://seekingalpha.com/article/4832142-tesla-inc-tsla-q3-2025-earnings-call-transcript
 
https://x.com/shayne_coplan/status/1981016949309239616
 
 https://www.bloomberg.com/news/articles/2025-10-23/polymarket-is-seeking-funding-at-a-valuation-of-up-to-15-billion
 
https://www.google.com/finance/quote/DKNG:NASDAQ?window=1M
 
https://www.google.com/finance/quote/FLUT:NYSE?window=1M

NBA Gambling Scandal, Tesla Trillion Dollar Vote, Billionaire Tax, Amazon Robots, AWS Outage

(0:00) Chamath and Jason welcome Senator Joe Manchin!
 
(4:20) Blocking Build Back Better, defending the filibuster while dealing with paid protestors and death threats
 
(19:39) How Biden's staff pushed him to the far left, mental acuity, how he "lost the will to fight," why Obama was an "elusive" president
 
(28:12) Why socialism is on the rise in America, entitlement culture
 
(37:06) Importance of term limits in Congress, Joe's favorite current senators, cascading issues from the loss of bipartisanship
 
(52:25) Breaking the Dem/Rep duopoly by opening up primaries, thoughts on midterms in 2026
 
(57:18) Expectation vs reality for Obama, Trump and Biden presidencies; thoughts on the 2028 election
 
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

Joe Manchin on the Fight for America's Future: Term Limits, Bipartisanship & the 2028 Election

This talk was recorded LIVE at the All-In Summit in Miami and included slides. To watch on YouTube, check out our All-In Summit playlist: https://bit.ly/aisytplaylist
 
0:00 Pear VC Founding Managing Partner Mar Hershenson gives a talk on making successful entrepreneurs: can great founders be created, or is it something they are born with?
 
17:04 Bestie Q&A with Mar: Catalyzing great founders, why the PayPal Mafia created more unicorns than early Google employees, creating more opportunity for underrepresented founders, inducing failure & more
 
Follow Pear VC:
 
https://twitter.com/pearvc
 
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

#AIS: Pear VC's Mar Hershenson on making successful founders

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