Episodes

Can the AI Industry Regulate Itself? Stripe Wants PayPal, China Catches Up, NY Bans Datacenters

All-In Podcast

7/17/2026

The All-In Podcast hosts, including Jason Calacanis, David Sacks, Chamath Palihapitiya, and David Friedberg, discuss critical tech and market developments. The conversation opens with DeepMind CEO Demis Hassabis proposing a new framework for AI Regulation, modeled after FINRA as an SRO. This contrasts with the restrictive FAA for AI model supported by Dario Amodei and anthropic, or the bureaucratic DMV for AI, which critics argue leads to Regulatory Capture and harms Open source AI. In corporate news, Stripe, Block (led by Jack Dorsey), and Advent are collaborating on an acquisition bid for PayPal, which includes assets like Venmo and Braintree. This move, reminiscent of strategies by Ryan Cohen and Bending Spoons, positions them to challenge financial giants Visa and Mastercard. Meanwhile, Apple and its CEO Tim Cook have filed a lawsuit against OpenAI (led by Sam Altman), alleging that former executive Tang Tan stole valuable Intellectual Property. In AI development, SpaceX and xAI, both led by Elon Musk, faced an AI Privacy incident involving the Grok model. As AI costs spiral, Eric Glyman of Ramp introduced Token Spend Management tools to control budgets, while Mira Murati and local compute hardware like the Mac Studio offer cheaper alternatives. On the infrastructure front, Kathy Hochul, the Governor of New York, signed a moratorium halting new AI Data Centers, severely impacting the Ene

Former Intel CEO on What Went Wrong, What's Next + Lovable CEO on the Real Promise of Vibe Coding

All-In Podcast

7/15/2026

In a recent episode of the All-In Podcast, Jason Calacanis interviewed former Intel CEO Pat Gelsinger about the strategic missteps that allowed competitors like Nvidia and TSMC to demolish their market lead. Gelsinger lamented how Intel lost its culture of being driven by deeply technical leaders like Andy Grove, shifting away from the ethos of Founder-led companies. Even non-founders like Satya Nadella and Sundar Pichai succeed because they are technical, unlike the business leaders who took over. Poor Capital Allocation, such as prioritizing dividends over R&D, led to missing critical adoptions like EUV lithography, which is essential for the Foundry model. They also shut down the Larrabee project while Nvidia, led by Jensen Huang, compounded its lead with CUDA. This technical stagnation drove Steve Jobs to abandon the x86 architecture and develop proprietary Apple Silicon for Apple. On geopolitics, Gelsinger warned of global vulnerability if China were to blockade Taiwan, emphasizing the critical need for the CHIPS Act to bolster domestic manufacturing and Supply chain resiliency. Addressing the massive AI Infrastructure Buildout, Gelsinger argued that physical limits of energy consumption for AI will act as a natural governor against an unchecked AI Bubble. Meanwhile, the falling cost of AI Tokens will continue to unlock infinite demand according to Jevons' Paradox, benefiting hardware innovators like Cerebras and Groq. Looking ahead, Gelsinge

The Trillion-Dollar Industries AI Is Disrupting: Voice, Law & the End of the Billable Hour

All-In Podcast

7/13/2026

This episode of the All-In Podcast explores the massive disruption caused by artificial intelligence in multi-billion dollar industries, specifically focusing on voice generation and legal services. The hosts first interview Mati, CEO of ElevenLabs, a company experiencing hypergrowth by reaching $600M ARR. ElevenLabs is revolutionizing Voice AI through advanced Text-to-speech and Speech-to-text technologies, creating highly realistic AI agents for enterprise clients like Revolut and Klarna. They have pioneered interactive voice experiences by licensing the likeness of celebrities like Matthew McConaughey and Gordon Ramsay on Masterclass. Furthermore, the estate of James Earl Jones licensed the iconic Darth Vader voice in partnership with Disney, for use by Epic Games in Fortnite. To manage hypergrowth, ElevenLabs operates without traditional Product Managers, instead embedding engineers across all teams and leveraging Vibe Coding. While competing with Frontier models from OpenAI and Anthropic, they remain agnostic, supporting Open source models to maintain a competitive edge. They are actively addressing security concerns around AI Deepfakes and testing tools like Whisper Flow. They also focus on social impact, restoring the voice of Congresswoman Jennifer Wexton. Partnerships with wellness apps like Headspace and its competitor Calm further expand their reach, pushing boundaries toward a voice-based AGI (Artificial General Intelligence). In the second

OpenAI vs Anthropic IPOs, Anthropic $3T, Zuck's Price War, China Ends Open Source?, Trump Accounts

All-In Podcast

7/10/2026

Socialists Sweep NYC, China Catches Up in Coding, AI Memory Crunch, Micron's Blowout Quarter

All-In Podcast

6/26/2026

The podcast features a dynamic conversation among Jason Calacanis, Chamath Palihapitiya, David Sacks, Gavin Baker, and Travis Kalanick. They begin by analyzing the recent political sweep in New York City by the Democratic Socialists of America (DSA), driven by figures like Zoran Mamdani. The hosts debate the societal implications, contrasting the DSA's platform with the potential of AI (Artificial Intelligence) as an economic equalizer. The discussion shifts to the global stage, specifically the technology race with China. The panel observes that Chinese firms are catching up rapidly in Open source AI. For instance, Z.AI recently released the highly capable GLM 5.2 model, which heavily relied on Distillation (AI) techniques and hardware from Huawei, similar to how DeepSeek operates. This rapid progress challenges US incumbents like OpenAI and anthropic. The latter, led by CEO Dario Amodei, recently saw its Fable 5 model delayed due to regulatory caution surrounding Cybersecurity in the AI era. The panel predicts a shift toward Composable Models, which combine open-source solutions with proprietary models, thereby expanding the entire AI Infrastructure market currently dominated by Nvidia and its CEO Jensen Huang. The panel then dissects the hardware bottleneck. Micron recently smashed earnings expectations thanks to massive demand for High-bandwidth memory (HBM). Alongside SK Hynix and Samsung, Micron is struggling to meet demand, while Chinese manufacturer CXMT

GameStop CEO Ryan Cohen’s $56B Plan to Take Over eBay

All-In Podcast

6/23/2026

Sponsored by AppLovin, an episode of the All-In Podcast features host David Friedberg interviewing Ryan Cohen, the CEO of GameStop. The conversation begins with Cohen's entrepreneurial journey, detailing how Chewy, a company he founded, was built to compete directly with Amazon in E-commerce. Cohen achieved success by mastering Supply Chain logistics, managing Negative working capital, and focusing on Recurring revenue. Following the sale of Chewy, Cohen transitioned to Activist Investing. He discusses filing a 13D form with the SEC, a shift from passive 13G investing, to actively engage with GameStop management. This occurred around the time of the next Console cycle featuring new PlayStation and Xbox releases. The Wall Street Bets community propelled GameStop into the center of the Meme Stocks phenomenon. Upon becoming CEO, Cohen had to quickly learn Physical Retail operations. He initiated an aggressive Cost Cutting strategy and pivoted the company's focus toward the Collectibles market, particularly Trading cards, leveraging a strong Trade-in model. These efforts led to impressive Free cash flow and enabled Share Buybacks. The core of the discussion revolves around GameStop's $56 billion M&A bid for eBay. Cohen criticizes eBay's current Corporate Governance, noting a lack of Skin in the game among executives, and emphasizes the superiority of Founder-led companies. While acknowledging eBay's First-mover advantage and

World's First Trillionaire, Anthropic Fable Banned, The New Oligarchs, Iran Peace Deal

All-In Podcast

6/19/2026

In this episode, the hosts Jason Calacanis, David Sacks, Chamath Palihapitiya, and David Friedberg discuss major market shifts, tech disruptions, and geopolitical events. The conversation opens with a critique of the "new oligarchs," calling out Elizabeth Warren, Bernie Sanders, and Ro Khanna for pushing policies that undermine Capitalism and erode Private property rights. They point to legislation backed by JB Pritzker as a specific example of this state-level overreach. The focus then shifts to Elon Musk, who has been dubbed the world's first trillionaire following the record-breaking IPO of his aerospace company, SpaceX. This historic public offering was highly democratized, offering retail allocations via Robinhood and Charles Schwab. SpaceX's new valuation surpasses tech giants like Amazon and Microsoft, ranking it just behind TSMC. Additionally, SpaceX acquired the coding startup Cursor for $60 billion, which leverages Musk's massive Colossus compute cluster. A major portion of the discussion covers the intense regulatory clash surrounding anthropic. The White House and the Department of Commerce, led by Howard Lutnick, forced the shutdown of Anthropic's restricted AI model, Fable 5. This intervention occurred after Amazon CEO Andy Jassy reported severe jailbreaks in the model. National security concerns were heightened because SK Telecom had been granted preview access to Mythos, an even more powerful base model. anthropic CEO Dario Amodei

Anthropic's Fable Backlash, Nationalizing AI, Inflation Heats Up & California’s Broken Elections

All-In Podcast

6/12/2026

The All-In Podcast episode reunites the core host quartet of Jason Calacanis, Chamath Palihapitiya, David Sacks, and David Friedberg for an extensive discussion spanning technology, finance, and politics. They begin by unpacking the backlash surrounding anthropic and its newly released Fable 5 AI model. With CEO Dario Amodei back to blogging, the hosts analyze the model's performance—which exceeds the older Opus 4.8—and its rigorous safety safeguards. Though praised for its capabilities (having been validated by the CEO of Palo Alto Networks), the model's 30-day data retention and aggressive monitoring for frontier AI research have sparked major concerns over AI Censorship. Chamath Palihapitiya notes the significant business risk of accidental censorship. In response, David Friedberg highlights how companies are being forced to adopt Open source AI, noting that currently the best models are coming from China. The hosts discuss the hardware implications, touching on the value of running models locally on Apple Silicon. They also reference Meta's competitive fumble and subsequent recovery with Llama, which stands as a prime example of accessible AI. Debating the necessity of guardrails, the hosts compare the evolution of AI to the dual-use nature of the Manhattan Project and question why basic KYC/AML checks aren't used instead of opaque algorithmic downgrading. The conversation then shifts to the political response to AI's rapid ascent. They discuss a controversial proposal by Senator Bernie Sander

All-In's Best Ideas Pitch Competition: 4 Investors Present Their Top Trades Live

All-In Podcast

6/11/2026

During a special live segment of the All-In Podcast, co-hosts Chamath Palihapitiya and David Friedberg, joined by guest judge Gavin Baker (filling in for the absent David Sacks), evaluated four compelling investment pitches. First, Aaron Cowen of Suvretta Capital Management pitched MGM Resorts. While primarily known for its Las Vegas casinos and heavy competition with Caesars, the company contains massive hidden upside. This includes an exclusive upcoming casino license in Osaka targeting wealthy gamblers from China, as well as real estate optionality in Dubai. Barry Diller has been aggressively acquiring the stock, creating a robust price floor. Next, Dan Dreyfus of Bornite Capital pitched Talen Energy, a provider of Nuclear Power and Base Load Power operating heavily in the PJM grid. Spotlighting the explosive power demand driven by AI Data Centers, he invoked Sam Zell's strategy of buying below replacement cost and echoed Jensen Huang's warnings regarding impending energy shortages. Big tech firms like Microsoft and Amazon are rapidly locking down grid capacity through Power Purchase Agreements, highlighted by a deal with Constellation Energy to revive the Three Mile Island reactor. The third pitch came from Oleg Nodelman of EcoR1 Capital, who highlighted Aktis Oncology, a highly innovative Biotech firm focusing on Radiopharmaceuticals. Utilizing complex Radioisotopes (specifically Actinium), their therapies execute pinpoint strikes