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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) David Friedberg welcomes Senator John Fetterman; SAVE Act thoughts
 
(1:08) The broken Democratic Party: TDS, what he stands for, why the party changed, losing bipartisanship, popularity with Republicans
 
(11:42) Iran exit strategy, NATO allies bail on the US
 
(17:42) Israel's influence, AIPAC, growing anti-Israel sentiment
 
(20:16) SAVE Act, why he supports voter ID but not this bill, election fraud
 
(26:41) Government shutdown, red lines with ICE and immigration, birthright citizenship, why Biden opened the border
 
(32:49) Debt death spiral, government fraud
 
(37:38) Why he's still a Democrat, national wealth tax, anti-AI sentiment, state of agriculture
 
Follow Sen. Fetterman:
 
https://x.com/SenFettermanPA
 
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

John Fetterman: The Rogue Democrat Who Broke Party Ranks

(0:00) Travis Kalanick: Officially exiting stealth mode, what he's been working on
 
(5:52) How to automate the physical world, markets to go after
 
(11:00) Return to self-driving: Tesla, Waymo, and the autonomous race
 
(16:17) Leaving Los Angeles for Austin, the decline of truth and justice in California
 
(25:51) Actuators, robot hands, "Capital as a weapon," Middle East SWF impacted by Iran War
 
(36:00) Michael Dell: Dorm room to $140B in annual revenue, why Texas attracts founders
 
(43:46) Dell's $50B AI infrastructure bet
 
(1:03:50) Invest America: Michael Dell's $6.25B gift - A 401k from birth for 25M kids
 
This podcast was recorded LIVE at Arena Hall in Austin, Texas.
 
Thanks to our partners for making this event possible!:
 
EY:
 
Austin vibes meet AI innovation. Thanks to EY for co‑hosting with us at #SXSW.
 
Discover what executives are saying about AI transformation in the latest AI Pulse Survey.
 
 https://ey.com/en_us/insights/emerging-technologies/pulse-ai-survey
 
Forge Global:
 
We're proud to highlight our partners at Forge Global, who are helping the world's most innovative private companies and their teams gain #liquidcourage on their terms.
 
Learn more here: https://forgeglobal.com/who-we-serve/private-companies/
 
De'Longhi
 
Athena
 
Polymarket

Travis Kalanick & Michael Dell Live from Austin, Texas

(0:00) The Besties welcome Brad Gerstner!
 
(3:48) Economic fallout of the Iran War, escalation scenarios, impact on midterms
 
(19:18) Off ramp strategies, Gulf state involvement, the China angle
 
(27:05) Anthropic and OpenAI scaling revenue faster than any company ever
 
(46:11) AI's PR disaster, open source's future
 
(1:07:51) Washington passes "Millionaire Tax," Howard Schultz bails for Miami
 
Follow Brad:
 
https://x.com/altcap
 
Take the survey:
 
https://allin.com/survey
 
Apply for Liquidity:
 
https://allinliquidity.com
 
Apply for Summit:
 
https://theallinsummit.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.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.google.com/finance/quote/BZW00:NYMEX
 
 https://www.cnbc.com/2026/03/11/cargo-ship-struck-strait-of-hormuz-uk-iran-war.html
 
 https://www.cnn.com/world/live-news/iran-war-us-israel-trump-03-12-26?post-id=cmmnhwyod000l3b6wdinc1dw5
 
 https://www.wsj.com/world/middle-east/ending-iran-war-quickly-carries-big-risks-for-the-u-s-and-allies-60c003de
 
https://polymarket.com/event/us-forces-enter-iran-by
 
https://x.com/altcap/status/2029223717356879931
 
 https://www.wsj.com/business/energy-oil/iea-proposes-largest-ever-oil-release-from-strategic-reserves-275f4e5c
 
 https://www.wsj.com/opinion/iran-war-oil-operation-epic-fury-mojtaba-khamenei-0d2edb9c
 
 https://www.cnn.com/world/live-news/iran-war-us-israel-trump-03-12-26
 
https://x.com/sentdefender/status/2031827082934665293
 
https://polymarket.com/event/balance-of-power-2026-midterms
 
https://polymarket.com/event/march-inflation-us-annual
 
https://www.ft.com/content/7cab4ec7-4712-4137-b602-119a44f771de
 
 https://www.axios.com/2025/05/28/ai-jobs-white-collar-unemployment-anthropic
 
 https://www.axios.com/2026/03/06/pentagon-anthropic-amodei-apology
 
https://www.ft.com/content/97bda2ef-fc06-40b3-a867-f61a711b148b
 
https://x.com/WallStreetMav/status/2032115119879045512
 
https://x.com/TheChiefNerd/status/2032012809433723158
 
 https://www.nbcnews.com/politics/politics-news/poll-majority-voters-say-risks-ai-outweigh-benefits-rcna262196
 
 https://hai.stanford.edu/news/most-read-the-stanford-hai-stories-that-defined-ai-in-2025
 
https://x.com/DrTechlash/status/2030734402339365220
 
 https://www.semafor.com/article/12/07/2025/ai-critics-funded-ai-coverage-at-top-newsrooms
 
 https://www.cbsnews.com/news/howard-schultz-starbucks-ceo-leaving-seattle-washington-millionaire-tax/
 
 https://www.politico.com/story/2019/02/13/howard-schultz-2020-taxes-1167363
 
https://x.com/chamath/status/2032135944284094910
 
 https://www.hoover.org/research/net-present-value-billionaire-tax-act-assessment-fiscal-effects-californias-proposed
 
 https://www.visualcapitalist.com/mapped-which-u-s-states-gained-the-most-residents-in-2025
 
 https://www.sanders.senate.gov/press-releases/news-sanders-and-khanna-introduce-legislation-to-tax-billionaire-wealth-and-invest-in-working-families

Iran War, Oil Shock, Off Ramps, AI's Revenue Explosion and PR Nightmare

(0:00) Jason and Chamath welcome SEC's Paul Atkins and CFTC's Michael Selig
 
(0:53) Atkins on how US markets have changed over his 40 year career
 
(3:04) Top priorities across both agencies: Fixing the IPO drought, crypto regulation, cutting unnecessary rules
 
(8:16) AI trading bots, autonomous hedge funds, and investing with leverage
 
(15:30) Ending the "Turf War" between the SEC and CFTC, super app vision
 
(19:15) Prediction markets, insider trading, gray area
 
(26:56) Trump advocates for changing quarterly earnings to bi-annual
 
(30:30) Changing the accreditation rules a priority for 2026
 
(34:56) HFT firms that dominate the futures markets, swap reporting
 
(40:36) VC fund formation
 
(46:18) US markets vs the world, crypto classification
 
(52:54) Biggest risks: Market manipulation, crypto scams, and the Gen Z gambling crisis
 
 
 
SEC Chair Paul Atkins:
 
https://x.com/SECPaulSAtkins
 
CFTC Chair Michael Selig:
 
https://x.com/ChairmanSelig
 
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

Rewriting the Rules: The SEC & CFTC on Crypto, IPOs & the Future of American Markets

(0:00) The Besties welcome legendary Harvard professor Graham Allison
 
(1:14) Iran Conflict: Strategy, Netanyahu's influence, Trump's motivation, redefining Middle East security
 
(11:44) Iran endgame scenarios: Democracy, extremism, second-order effects
 
(21:07) Israel: Is Netanyahu destroying Israel's democracy?
 
(24:28) China: Taiwan invasion, trade, and Trump's April meeting
 
(39:50) Greenland: Importance, deal scenarios, EU socialism angle
 
(48:58) Nuclear proliferation: 80-80-9 framework explained
 
(56:20) Rising socialism in America: wealth inequality and political risk
 
Thanks to our partner Airwallex!
 
Airwallex is a leading global payments and financial platform for modern businesses,offering trusted solutions to manage everything from business accounts, payments, treasury, and spend management to embedded finance.
 
https://airwallex.com/allin
 
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

Graham Allison on the Global Realignment: Iran, China, Israel, Greenland

(0:00) Jason intros Prince Reza Pahlavi
 
(1:09) Pahlavi's take on the war and vision for Iran's future, Democracy, and return
 
(8:53) Trump's surrender conditions, core principles, role in transition and potential leadership
 
(17:14) Thoughts on the people and spirit of Iran
 
(21:33) Shervin Pishevar joins: thoughts on the current regime killing 40k+ protestors, future of the Middle East
 
(33:59) Future leader and government of Iran, plan for transition
 
Follow Reza Pahlavi:
 
https://x.com/PahlaviReza
 
Follow Shervin:
 
https://x.com/shervin
 
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

Exiled Iranian Prince Reza Pahlavi: Transition Plan and the Fight for Iran's Freedom

(0:00) The Besties welcome Under Secretary of War Emil Michael
 
(2:30) US war with Iran: Bigger picture and why now?
 
(13:16) Trump's new approach to warfare, AI, drones, rules of engagement
 
(28:39) Israel's role in the conflict, relationship with the US, Iron Beam
 
(37:24) Oil prices, Trump's maritime insurance play
 
(41:19) Pentagon vs Anthropic: Why Anthropic was labeled a supply-chain risk
 
(1:02:03) How to value Anthropic after its supply chain risk designation
 
(1:11:14) State of the US defense supply chain, the defense tech industry, DARPA, and China's military
 
Follow Emil Michael:
 
https://x.com/USWREMichael
 
https://x.com/emilmichael
 
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/2029584905831891069
 
https://polymarket.com/event/us-forces-enter-iran-by
 
 https://polymarket.com/event/will-the-iranian-regime-fall-by-the-end-of-2026
 
https://x.com/chamath/status/2029416079781736844
 
https://x.com/USWREMichael/status/2029539950962626734
 
https://x.com/addyosmani/status/2029372736267805081
 
https://github.com/googleworkspace/cli
 
https://x.com/chamath/status/2029634071966666964
 
https://www.lloyds.com/about-lloyds/history/lloyds-buildings
 
 https://www.bloomberg.com/news/articles/2026-03-05/pentagon-says-it-s-told-anthropic-the-firm-is-supply-chain-risk
 
 https://www.bloomberg.com/news/articles/2026-03-03/anthropic-nears-20-billion-revenue-run-rate-amid-pentagon-feud

Inside the Iran War and the Pentagon's Feud with Anthropic with Under Secretary of War Emil Michael

(0:00) Friedberg Introduces Ray Dalio
 
(1:29) 5 Forces That Will Decide America's Future
 
(7:26) Why Government Reform Is Nearly Impossible
 
(11:19) Gold vs. Bitcoin
 
(28:16) What Economists Got Wrong About Tariffs
 
(41:11) Is America Heading Towards Collapse?
 
Airwallex is a leading global payments and financial platform for modern businesses, offering trusted solutions to manage everything from business account, payments, treasury, and spend management to embedded finance.
 
Check it out: https://airwallex.com/allin
 
Ray Dalio joins the All-In Podcast for the third time to break down why America's debt crisis is worse than most people realize, and what comes next.
 
Dalio covers the five forces reshaping the global order, why DOGE faced structural limits, what's driving gold to all-time highs while Bitcoin stumbles, the real story behind tariffs and trade deficits, and why he believes the US might be approaching a collapse.
 
Follow Ray Dalio:
 
https://x.com/RayDalio
 
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

Ray Dalio: Our System Is in Jeopardy - Debt, AI & the Cycle That Destroyed Rome

(0:00) Bestie intros
 
(1:22) Claude's hit list, SaaS crash, and Citrini's AI letter
 
(30:39) Why Doomer narratives are more popular, valuable new AI jobs
 
(40:19) Understanding the Rate Payer Protection Pledge, what's behind datacenter opposition?
 
(52:13) State of the Union reactions
 
(1:03:58) Science Corner: Cure for blindness via Yamanaka Factors?
 
(1:10:17) SCOTUS strikes down tariffs, Trump pivots
 
Apply for Liquidity:
 
https://allinliquidity.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://www.investing.com/news/stock-market-news/wolters-kluwer-relx-shares-slip-after-anthropic-unveils-aienhanced-legal-tool-4481124
 
 https://www.barrons.com/articles/ibm-stock-had-worst-day-in-25-years-ai-disruption-fears-5f632d6c
 
 https://www.forbes.com/sites/daniellechemtob/2026/02/24/forbes-daily-ibm-suffers-its-worst-day-since-the-dot-com-bubble
 
https://x.com/chamath/status/2027077786503164260
 
https://www.citriniresearch.com/p/2028gic
 
 https://thedefiant.io/news/tradfi-and-fintech/credit-card-stocks-fall-after-citrini-ai-report
 
https://x.com/TurnerNovak/status/2026332990914101699
 
https://x.com/anistotle_/status/2026306126674108788
 
 https://www.notyourtypicalfinancebro.com/p/vibe-laundering-pt-2-citrini-the
 
 https://www.goodreads.com/quotes/457097-nobody-knows-anything-not-one-person-in-the-entire-motion
 
https://www.derekthompson.org/p/nobody-knows-anything
 
https://x.com/kalshi/status/2027040345419129166
 
https://x.com/StockMarketNerd/status/2019837212515528730
 
 https://www.citadelsecurities.com/news-and-insights/2026-global-intelligence-crisis/
 
https://x.com/DavidSacks/status/2027087693327237251
 
https://x.com/levie/status/2026885050411745491
 
https://x.com/typesfast/status/2026998028222013679
 
https://x.com/cboyack/status/2021647373571862952
 
https://x.com/chamath/status/2025369318696124859
 
https://x.com/pat_hedger/status/2026742424471560636
 
https://x.com/SemiAnalysis_/status/2026719180284666046
 
https://x.com/WesternLensman/status/2024661247296172486
 
 https://www.bloomberg.com/opinion/articles/2026-02-20/supreme-court-s-tariffs-ruling-finally-holds-trump-accountable
 
 https://polymarket.com/event/will-the-court-force-trump-to-refund-tariffs-2026-06-30
 
 https://polymarket.com/event/will-congress-pass-any-tariffs-by-march-31

Software Stocks Implode, Claude's Hit List, State of the Union Reactions, Trump's Tariff Pivot

(0:00) David Sacks introduces Saagar Enjeti and Michael Tracey
 
(1:04) Reacting to the arrest of Prince Andrew in the UK, Epstein's global finance network
 
(11:24) Who was Jeffrey Epstein, and what is this story really about?
 
(34:10) Michael Tracey explains "Epstein Mythology"
 
(1:14:23) Kevin Bass joins to discuss Reid Hoffman's history with Epstein
 
(1:32:52) Michael Tracey responds to criticism
 
Follow Saagar:
 
https://x.com/esaagar
 
Follow Michael:
 
https://x.com/mtracey
 
Follow Kevin:
 
https://x.com/kevinnbass
 
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/kevinnbass/status/2024276079888732649
 
 https://www.nytimes.com/live/2026/02/19/world/uk-prince-andrew-arrest-epstein
 
 https://signalohio.org/les-wexner-deposed-by-house-oversight-committee-over-epstein-ties
 
 https://www.nytimes.com/2025/12/16/magazine/jeffrey-epstein-money-scams-investigation.html
 
 https://www.axios.com/2019/09/12/reid-hoffman-jeffrey-epstein-mit-donations
 
https://x.com/kevinnbass/status/2023941188588290502
 
https://x.com/kevinnbass/status/2024276084401828260
 
https://x.com/kevinnbass/status/2023941213951512966
 
https://x.com/presentwitness_/status/2024522531542356447

Travis Kalanick & Michael Dell Live from Austin, Texas

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