More Trillion Dollar IPOs, Anthropic $3T, Zuck's Price War, China Ends Open Source?, Trump Accounts

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All-In with Chamath, Jason, Sacks & Friedberg 1h 42m 4 speakers 3 chapters transcribed 2 months ago
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Who’s guest-hosting and what’s the episode setup?

Jason Calacanis 0:00
All right, everybody, welcome back. Number one podcast in the world. It's July, all in episode 280. Freeberg is on a little vacay. We'll leave it at that. And yeah, Bestie Brad is here. How are you doing, Brad?
Brad Gerstner 0:16
I'm doing great. Vacay in maybe Idaho or somewhere, J. Calhoun. Who knows? Who knows?
Jason Calacanis 0:23
It could be anywhere. It could be anywhere. I mean, there's lots of things. He could be in plenty of places. And looks like you are, yeah, somewhere in the Northeast. I'll leave it at that. You having a little vacay for yourself this week?
Brad Gerstner 0:34
I'm in my flag room, very patriotic room here. Very nice. You know, where I work on the East Coast in the summertime. Yes. And spent some time in D.C. this week. And it's been a great week.
Jason Calacanis 0:46
Been a great week celebrating America 250. Great. And you're going to be out of there by the second week of August, yeah? So I'll have it August 10th through the 30th. I'm good? Exactly. Jason BNB, Jason BNB. Oh, absolutely. You don't know the half of it, man. I am on a summer bender. I'm like, where's your vacation home? By the way, where are you? Where are you right now? I am in Paris. I did about eight interviews at the RAISE conference. They'll be coming out in the all-in feed. And of course, cackling from the factory. Look at him. You're working in the factory. Chamath Palihapitiya. It's going to be a hot software summer for Chamath. How's your hot software summer going? It's good.
Chamath Palihapitiya 1:29
Selling enterprise software is hard, but it's good.
Jason Calacanis 1:32
Chamath's like, man, I was such a dick to all my CEOs. Hey, the SaaS, period. And now you know. I went to Geneva.
Chamath Palihapitiya 1:40
Shout out to Mark Benioff. I went to Geneva. He works out of Europe, sees all his European customers. And he had a dinner in Geneva, which I joined. And then Me, Jensen, Brad Smith, Anthony Tan from Grab, and a bunch of other folks were put on this UN commission for AI that Mark is the co-chairman of. When you see Mark Benioff in Action Man, this guy is a f***.
Brad Gerstner 2:02
master holy he is the impresario of impresarios yeah you see how he's built such a ginormous business it's impressive it's impressive what is a commission by the united nations for ai what is their what is their uh calling open source No, but no, I mean, it's like the United Nations actually do anything. They actually do anything.
Chamath Palihapitiya 2:27
Actually, it's so funny. Yeah, I mean, Anthropic was there too. One of the co-founders, Tom Brown, I think was his name. Yeah. That's good.
Jason Calacanis 2:33
Was the Anthropic guy running around saying, it's the end of the world. It's the end of the world. No, no, no. He was very... Tom's awesome.
Chamath Palihapitiya 2:40
Tom's awesome. In fairness to him, he wears... it on its sleeve, which is like, hey, we really believe we're doing the right thing.
Jason Calacanis 2:49
Right.
Chamath Palihapitiya 2:50
And just trust us. And I think the future is open source for all these countries.
Jason Calacanis 2:54
Well, we're going to get into that. That's on the docket for sure. But let's start with the IPO update. You know, there's a trillion dollar IPO rush to the exits. And, you know, this was a big topic of discussion, Brad, at the Liquidity Summit last month. And we'd never seen a trillion dollar IPO. We had one this year already. SpaceX trading right about where it went public. So it was priced, I guess, to perfection. And theoretically, going to see two more. Brad has the inside information, so I'll try to get it out. Open AI and Anthropic are slated to go out. Let's just go quickly over what happened with SpaceX. It ran up to $200 a share. It's been down a bit. It's at $150 a share, as I said, that's right at the IPO price.
Jason Calacanis 3:38
So it's trading at that two trillion market cap, currently seventh largest company in the world. And Anthropic confidentially filed on June 1st. I don't know why they call this confidential filing when it immediately comes out, but I guess the information is confidential. Polymarket says 65% chance Anthropic's IPO will happen this year on light volume, 360K. And two weeks ago, Gavin Baker, another bestie, said he thinks they're going to end 2026 with over $100,000. billion in revenue and very profitable. He said, a couple of us guests on the program, that he thinks it would trade at three trillion right now if it went public.

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