All-In E182: DOJ targets Nvidia, Meme stock comeback, Trump fundraiser in SF, Apple/OpenAI, Texas stock market
Episode 182 • 6/7/2024
Vinod Khosla Comments & Political Discussion
- Vinod Khosla made controversial comments calling All-In podcast listeners "MAGA extremists" and claiming the hosts aren't based in Silicon Valley
- The besties defended their non-partisan approach, highlighting how they've hosted guests across the political spectrum including Larry Summers, Dean Phillips, Bobby Kennedy, and Chris Christie
- Chamath emphasized that the podcast represents how reasonable people can discuss issues from first principles rather than following planted orthodoxy
- Discussion of coastal elite disconnect from middle America's economic challenges and concerns
DOJ & FTC AI Investigation
- DOJ to investigate Nvidia for potential antitrust violations around CUDA software and GPU distribution
- FTC examining OpenAI/Microsoft deals including the Inflection AI arrangement
- Chamath argued the investigations are premature given AI industry's nascency
- Discussion of complex deal structures being used to work around traditional constraints
GameStop & Meme Stocks Return
- Keith Gill ("Roaring Kitty") disclosed large GameStop position after 3-year silence
- Stock tripled after his cryptic meme post viewed 28M times
- Detailed discussion of GameStop's fundamentals showing 192x EBITDA valuation despite declining revenue
- Agreement that while speculation is risky, adults should be free to make their own investment decisions
Apple & OpenAI Partnership
- Bloomberg reports major partnership announcement expected at WWDC
- ChatGPT to be integrated into iOS/Siri
- Split views on whether this will drive iPhone upgrades - Chamath skeptical while Jason optimistic about personalized AI potential
Climate & Ocean Temperatures
- Atlantic Ocean temperatures showing concerning record highs
- Friedberg explained how this could lead to unprecedented hurricane activity
- Discussion balanced concerns about climate change with optimism about technological solutions like solar and nuclear power
The episode concluded with birthday wishes for David Friedberg and acknowledgment of the upcoming Trump fundraiser being hosted by some of the besties.