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

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All-In with Chamath, Jason, Sacks & Friedberg 1h 20m 5 speakers 8 chapters transcribed
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What is the main topic discussed in this episode?

Unknown 0:00
All right, everybody, welcome back to the number one podcast in the world. Freeberg's out saving the world, creating new potatoes, or I don't know, quinoa, maybe some Brussels sprouts. I'm not sure what he's working on at this point in his place.

What is the economic fallout of the Iran War?

Unknown 0:11
His personal favorite bestie, he always says that, when I'm not here, I want Brad Gerstner in the seat. Welcome back. We haven't seen you on the pod since... Your shout out to the State of the Union. Take us behind the scenes for a brief moment here, Brad, of what it's like to get a shout out from POTUS at the State of... Did you know it was coming? Did you choreograph to this thing?
Jason Calacanis 0:33
Did you choreograph that or was that more spontaneous?
Unknown 0:35
I honestly had no idea it was coming. And in fact, I found out after the fact that it wasn't in the speech and the president added it to the speech. So I don't even think it was a few days before going to happen. But we got an invite to the State of the Union. And, you know, listen, it's an institution. This has happened every year for 250 years. in the country. I've never been. I thought, I did know he was going to talk about Trump accounts.

What off-ramp strategies are being discussed regarding the Iran conflict?

Unknown 1:01
So I figured if I'm ever going to go, that's the time to go. And I have to say, you know, I'm just a sucker for democratic institutions and democratic traditions. It was an extraordinary night. Set aside, you know, the headlines about what Democrats did or Republicans did. Just the, whether it's a Democrat president or Republican president, that this happens every year. You have to go report on the State of the Union. So it was a special night. Did dinner ahead of time.

How are AI companies like Anthropic and OpenAI scaling revenue?

Unknown 1:24
We're in the chamber. The chamber, as you all know, is very small. And so, you know, just to your right was the first family and Jared and Ivanka and And so, you know, we were there to observe like everybody else. And wow, it was quite a moment. And- I want to just say, you did a great job because when you sent your heart out to all of America- I took it.
Jason Calacanis 1:49
I took it. I took it.
Unknown 1:49
I was like- You sent it out, but you kept it at the right angle. Right, right. If you had just gone up a little bit extra and out another five degrees, you'd be a Nazi.
Jason Calacanis 1:59
That would have been no bueno. Those would be some super racist Trump accounts.
Unknown 2:04
Keep your protractor and your ruler out when you send your heart out. Okay. One final thing on it, Jason. You know, we're signing up over 100,000 kids a day to these Trump accounts. Fantastic. We have millions of kids who've already claimed their account.

What are the implications of AI's PR challenges?

Unknown 2:18
We have nearly 30 million kids in America who are eligible for at least $250. If they just go claim their account, these things are going to go live on July 4th. And what it really showed, I think the country, it accelerated after the State of the Union Because the president really believes this is a way to get everybody in Main Street America into the game of capitalism and get them all directly owning the great companies in America. So it meant a lot to me in that regard, that it highlights the importance of the program. So I was deeply grateful to the president. for not only making sure this happens, but the shout out. It was pretty cool. Good for you, bro. I have an interesting idea for you. I'm sure it's come up already, but with this whole discussion of UBI, somebody said to me, oh, you know, I really like these Trump accounts your friends did, the Invest America, because it's like the start of UBI.
Unknown 3:04
And I was like, well, that's not exactly the intention, but I get it. And with wealth disparity going on in the country that has a lot of people concerned, what if there was a giving pledge around equities? And people could opt into it. They don't have to. But if somebody like, I don't know, Larry and Sergey or Zuckerberg said, I want to pledge 5% of my shares to go into kids' accounts over the next 20 years. What an amazing, beautiful thing that could be. And it would be incredibly material to get whatever it is, a tenth of a share, a hundredth of a share, a thousandth of a share of whatever company. Has that come up yet as an idea?

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