Episodes
Jensen Huang: Nvidia's Future, Physical AI, Rise of the Agent, Inference Explosion, AI PR Crisis
All-In Podcast
3/19/2026
In a futuristic March 2026 episode of the All-In Podcast, Jensen Huang, CEO of Nvidia, joins hosts David Friedberg, Chamath Palihapitiya, and Brad Gerstner to discuss the massive shift towards AI agents and expansive AI Infrastructure. Huang highlights Nvidia's strategic move of acquiring Groq to handle the AI Inference explosion. He introduces Dynamo, the new operating system for the AI factory, leveraging Disaggregated inference to optimize massive workloads across hardware architectures like Vera Rubin and Blackwell, as well as storage processors like Blue Field. Protected by its software moat CUDA, Nvidia is pushing into new frontiers like Physical AI and Omniverse, which simulate reality to power Robotics, Digital Biology, and AI in Healthcare. The AI revolution brings unprecedented Productivity Gains, as Friedberg notes while discussing Auto Research. The market is expanding with open tools like OpenClaw, supported by Dell, Peter Steinberger, and the broader Open source AI movement, alongside frontier models like ChatGPT by OpenAI, Claude by Anthropic (led by Dario Amodei), Llama by Meta, and Gemini by Google. Nvidia also actively enables Autonomous Driving with partners like BYD and Uber, supplying Tesla (led by Elon Musk) and competing or collaborating with Waymo, Amazon, and AWS. Geopolitically, Gerstner and Huang discuss AI Regulation in the United States, where Donald Trump pushes f
John Fetterman: 'I'm the Only Democrat in Congress Saying This'
All-In Podcast
3/18/2026
In this episode of the All-In Podcast, David Friedberg interviews Senator John Fetterman about his divergent views from the Democratic Party, which he claims is increasingly driven by Trump Derangement Syndrome (TDS). Because of his independent approach, John Fetterman notes he has gained high approval from members of the Republican Party, who widely support former President Donald Trump. Fetterman refuses to align with partisan demands from leaders like Kamala Harris. On foreign policy, Fetterman passionately defends Israel and Prime Minister Benjamin Netanyahu in their multi-front conflict against Iran and its militant proxy groups, including Hamas, Hezbollah, and the Houthi movement. Fetterman calls for holding Iranian Supreme Leader Ali Khamenei accountable and criticizes NATO allies for failing to help the United States secure global trade routes. Fetterman condemns the alarming rise in Antisemitism on college campuses. He also distances himself from extreme voices, refusing to validate commentators like Tucker Carlson or Nick Fuentes. Furthermore, Fetterman frames the Middle East conflict as part of a broader struggle against adversaries like China and Russia, highlighting the latter's war in Ukraine. Domestically, David Friedberg and Fetterman discuss the proposed SAVE Act. While Fetterman conceptually supports Voter ID Laws—pointing to their successful implementation in Wisconsin—he opposes the partisan additions to the current bill. Fetterman dismisses
Travis Kalanick & Michael Dell Live from Austin, Texas
All-In Podcast
3/16/2026
In this live episode of the All-In Podcast from Austin, Texas, hosts Jason Calacanis and David Friedberg interview tech founders Travis Kalanick and Michael Dell. Travis Kalanick formally reveals his previously stealth startup, Atoms (formerly City Storage Systems), explaining how its food logistics arm, Cloud Kitchens, was just the beginning. Drawing parallels to how Amazon scaled e-commerce, Kalanick's vision centers on Physical AI, Automation, and Autonomous Robots to digitize the physical world. He announces the acquisition of Pronto to automate mining and highlights how companies like Tesla (led by Elon Musk) and Waymo (a Google subsidiary) are pushing hardware boundaries, while Musk's Boring Company tackles underground infrastructure. Kalanick discusses his departure from California—specifically citing urban decay in San Francisco and Los Angeles—and reflects on the competitive advantage of using Capital as a weapon, a strategy heavily utilized by Uber, Masayoshi Son, and Sam Altman at OpenAI. Kalanick notes the impressive manufacturing scale in China and Shenzhen, juxtaposed with capital tightening in the Middle East and Saudi Arabia due to conflicts involving Iran. Later, Michael Dell breaks down the massive $50B growth in Dell's infrastructure business, driven by the global AI Infrastructure Buildout and the proliferation of AI Data Centers. Aided by tax incentives like 100% immediate expensing, corporations—influen
Iran War, Oil Shock, Off Ramps, AI's Revenue Explosion and PR Nightmare
All-In Podcast
3/13/2026
The podcast begins with Brad Gerstner discussing his recent attendance at the State of the Union address, where Donald Trump gave a shout-out to the Invest America Act, a child equity program that sparked comparisons to Universal Basic Income (UBI). The hosts transition to geopolitical analysis, focusing on the war in Iran and its macroeconomic ripple effects. The conflict in the Middle East has caused spikes in Oil prices, prompting Goldman Sachs to raise its Inflation forecasts. While Neocons advocate for military escalation, the hosts predict a swift resolution, noting that China and its leader, Xi Jinping, desperately need stable oil supplies. A prolonged conflict would devastate the region and pose existential threats to Israel. In the technology sector, a massive debate unfolds regarding the exploding revenue of AI companies. Anthropic, led by Dario Amodei, and OpenAI, led by Sam Altman, are seeing unprecedented growth through models like Claude and ChatGPT. Hardware giants like Nvidia, led by Jensen Huang, are capturing the massive capital expenditure. While tech executives like Michael Dell report high ROI from Enterprise AI—particularly through Coding Assistants—critics question if this revenue is durable. They compare these AI firms to established SaaS companies like Data Bricks and Snowflake. Some enterprises, such as Palantir, have successfully integrated AI into production, but others, like Amazon, have placed human review mandates on AI-generated
They're Opening the Stock Market to Everyone. Here's What That Actually Means
All-In Podcast
3/11/2026
The episode features hosts Jason Calacanis and Chamath Palihapitiya interviewing SEC Chair Paul Atkins and CFTC Chair Michael Selig. They begin by discussing the evolution of the IPO Market, noting that giants like Apple and Microsoft went public early, creating immense wealth for Retail Investors. Today, as highlighted by an Andreessen Horowitz chart, most returns are captured by Private Equity and Venture Capital. Paul Atkins aims to reform Accredited Investor Rules in collaboration with the Department of Labor to democratize access to these private markets. Michael Selig outlines his focus on Crypto regulation, contrasting his approach with the regulation-by-enforcement era of Gary Gensler. He discusses the necessity of establishing clear rules with the help of David Sacks and the CLARITY Act. The conversation explores the convergence of Artificial Intelligence, Crypto, and finance, touching upon how Autonomous Agents could replace traditional hedge funds like Citadel and Millennium. They examine how Blockchain Technology and Distributed Ledger Technology enable Tokenization and Smart Contracts, paving the way for instantaneous T-Zero Settlement. The discussion turns to systemic risks, particularly Leverage in crypto and the booming sector of Prediction Markets. Chamath Palihapitiya compares the information asymmetry in these markets to issues addressed by Regulation FD, referencing a tweet by Brian Armstrong on Insider Tradi
“This is Bibi’s War” - Harvard’s Graham Allison on the Influences and Endgame of the Iran War
All-In Podcast
3/9/2026
On the latest episode of the All-In Podcast, Graham Allison, a professor who WORKS_AT the Harvard Kennedy School and author of Destined for War, DISCUSSES the ongoing geopolitical crisis in the Middle East. He analyzes how the United States and Israel are attacking Iran. He argues this is largely driven by Benjamin Netanyahu, who INFLUENCES Donald Trump to escalate the conflict. Allison notes that Hamas is an evil proxy RELATED_TO Iran, but cautions against forced Regime Change. He cites Condoleezza Rice who previously advocated for such strategies, and references historical examples: Iraq and Afghanistan as failures, and Venezuela as a recent covert operation. The Department of Defense is evaluating these actions, warning that shifting resources impacts the defense of Ukraine against Russia and could spike global Oil prices. The conversation shifts to China and its threats toward Taiwan. The CIA previously briefed Apple CEO Tim Cook on this risk. However, China is currently grappling with internal crises, primarily Population Decline and severe Youth Unemployment in China. Instead of immediate war, China focuses on dominating Electric Vehicle (EV) manufacturing, heavily relying on Robotics and Artificial Intelligence (AI) to replace human labor—a trend acknowledged by Elon Musk. For instance, Chinese automaker Xiaomi is deploying highly automated EV factories. Meanwhile, global stability heavily relies on TSMC, which produces 96% of the wo
Exiled Iranian Prince Reza Pahlavi: Transition Plan and the Fight for Iran's Freedom
All-In Podcast
3/7/2026
In a historic and emotionally charged episode of the All-In Podcast, host Jason Calacanis and venture capitalist Shervin Pishevar sit down with exiled Crown Prince Reza Pahlavi to discuss the ongoing liberation of Iran. Following the sudden and rapid collapse of the Islamic regime—including the eradication of its primary military apparatus, the IRGC—Pahlavi outlines his comprehensive vision to replace the dictatorship with a Democracy. Specifically advocating for a Secular Democracy established via Free Elections, he has spearheaded the Iran Prosperity Project to manage the initial 100 days of stabilization. Pahlavi explicitly contrasts the grim reality of the regime, likening it to North Korea, with his aspirations to build a thriving nation mirroring the economic miracle of South Korea. The potential dividends are staggering, with Pahlavi estimating a 1 Trillion Dollar Economic Opportunity for the United States and global markets over the next decade. He extends tremendous gratitude to Donald Trump for his courageous leadership in dismantling the regime, noting that backchannels like Steve Witkoff have kept communication lines open. Regionally, the liberation of Iran is expected to bring profound peace and accelerated investment to the entire Middle East, complementing the modernization already underway in the UAE and Saudi Arabia. This geopolitical shift also paves the way for normalized relations with Israel, championed by the concurrent leadership of Benjamin Netanyahu. The cultur
War with Iran + Pentagon vs Anthropic with Under Secretary of War Emil Michael
All-In Podcast
3/6/2026
The emergency episode of the All-In Podcast features Emil Michael, Under Secretary of War, who works directly for Pete Hegseth at the Department of Defense. The primary focus is the War with Iran (Operation Epic Fury), a decisive military action authorized by Donald Trump. The operation resulted in the death of Ali Khamenei and heavily degraded the IRGC, which had been threatening to shut down the Strait of Hormuz. The co-hosts, including David Friedberg, Chamath Palihapitiya, and Jason Calacanis, discuss how this conflict, along with the recent ousting of Nicolás Maduro in Venezuela, creates immense geopolitical leverage over China and the Chinese Communist Party. By disrupting the flow of oil to China, the US aims to secure a grand bargain that could prevent an invasion of Taiwan. The geopolitical turmoil has severely impacted Oil prices and the Maritime insurance market. When Lloyds of London and other insurers faced skyrocketing risks, the US International Development Finance Corporation intervened to underwrite shipping risks. The panel also explores modern warfare and Defense Tech, highlighting the shift toward Autonomous Drones and advanced interception systems like Israel's Iron Beam, which utilizes Directed energy lasers. Discussions also touch upon the potential for Space-based lasers to counter Hypersonic missile threats, relying heavily on agile contractors like Anduril rather than just traditional primes like Boeing and Lockheed Martin.
Ray Dalio: "AI Is Eating Everything - and It Might Eat Itself"
All-In Podcast
3/3/2026
In a recent episode of the All-In Podcast, host David Sacks interviews billionaire investor Ray Dalio regarding the macro-historical forces currently shaping the United States and global Geopolitics. Dalio dives deep into the severe US Debt crisis, pointing out that current trajectories and estimates from the CBO forecast a 6% deficit to GDP ratio by 2026, creating massive Global Financial System Fragility. He explains the mechanics of a late-stage Debt Bubble, drawing parallels to historical events like the Stock Market Crash of 1929. While initiatives like DOGE (Department of Government Efficiency), spearheaded by Elon Musk, aim to combat Waste Fraud and Abuse—exemplified by local scandals like the Minnesota Daycare Fraud—Dalio remains skeptical that structural inefficiencies can be quickly resolved without increasing the debt. To hedge against the inevitable debasement of Fiat currency and the declining dominance of the US Dollar, Dalio advocates holding Gold, noting that central banks are aggressively stockpiling it and moving away from US Treasuries. He compares this hard asset favorably against Bitcoin, which he views as lacking privacy and vulnerable to emerging technologies like Quantum Computing, as well as against residual speculative metals like Silver. Dalio also touches on monetary policy, highlighting the difficult balancing act the Federal Reserve and its potential incoming chair, Kevin Warsh, face in setting Interest Rates without triggering a deep recession or r